Location Quotient Analysis: Calgary Region
With reference to data uploaded, certain industries are considerably concentrated in my area. This is in regard to high LQs values for specific industries within the region. For instance, the LQs values for industries in manufacturing, finance and experts are high in comparison to LQs values for other industries. This indicates these industries are highly concentrated in the region than in other industries.
When looking at industries growth between the duration 2003 and 2003, some of these industries have grown at a rate that is relatively faster. This is especially true looking at the LQs for the industries which appear to be climbing at a noticeable rate for the period mentioned. For instance, the LQs values for healthcare, construction and education climbed noticeably within the stated period. This indicates the industries have grown at a rate that is faster than before. It also indicates there is something different that might be taking place in the industries contributing to the growth (Coffey 43). On the same note, the LQs values for a number of these industries within the first year (2003) climbed noticeably, while for the second year (2004) they dropped but climbed again noticeably once more. This is an indication of the growth that has been witnessed in the industries.
Based on the data uploaded, there is also an indication that strong traditional industries in the region of Calgary are falling since LQs values for these industries do not drop down. Instead, the LQs values for strong traditional industries in manufacturing, professionals, trade and finance, which are strong traditional industries within the region continues to climb up. However, there are some industries, in agriculture which appear to be falling though they have not been strong industries within the region right from the beginning. This is in regard to the declining trend of LQs values for agriculture industries.
Coffey, William. The Evolution of Canada’s Metropolitan Economies. Montreal: Institute for Research on Public Policy, 1994. Print.