US EditionFinancial and Transfer Income as Components of the Regional Economic Base
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Financial and Transfer Income as Components of the Regional Economic Base
Authors:Robert Manduca, University of Michigan, Ann Arbor Abstract: Economists and geographers have long divided industries into “basic” and “nonbasic” sectors depending on whether they bring money into a region from outside or serve local demand. Traditionally, the regional economic base has been defined as traded industries that export to other regions and countries. However, traded industries are only one way in which money enters a regional …
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