Master's Culminating Experience
The aim of this study is to analyze the competitiveness of the Dayton Metropolitan Statistical Area manufacturing cluster and I evaluate the region's high tech capacity.
Cluster analysis is an important tool which is widely used by regional economists to assist firms and local governments in their decision making process and development strategies.
In the first section of this study, the theoretical framework of cluster analysis is explained by referring to authors who contributed to the development of the concept in recent years. Location quotient analysis is used to compare the region's capability with other MSAs and nationwide. By using data provided by Bureau of Labor Statistics, the major employment map of manufacturing in the Dayton MSA is generated.
In the second section of this study, the high tech capacity of Dayton MSA is presented in terms of occupational employment. The aim is to understand how high tech is Dayton MSA and in Ohio compared to other regions. The section concludes that the Dayton MSA has greater concentration of engineering occupation than nationwide. However, the life and physical science occupations are relatively underdeveloped in the Dayton MSA economy.
(2004). Manufacturing Industry Cluster and High-Technology Industry Analysis of Dayton Metropolitan Statistical Area. .