Metropolitanstatistical areas (MSA) help in grouping cities and counties intodetailed geographic regions for the use of a population census aswell as the collection of interrelated statistical data. In theUnited States, there are approximately 400 metropolitan statisticalareas each including at least a city having a minimum of 50,000people. Austin-Round Rock, TX (MSA) is among the many MSAs in U.S.A.It is located in Central Texas bordering San Antonio–New Braunfelsto the south and on the eastern edge of the American Southwest. In2015, this MSA had a population of 2,000,860 people positioned 33rdin the U.S.A.
Shiftshare is defined as a standard method of regional analysis that seeksto determine the amount of job growth that can be accredited tonational trends as well as the amount that is because of the soleregional factors. This method aids in answering the reason why thereis an increase or decrease of employment in a regional industry. Theshift-share method offers important detail concerning theexceptionality of local growth along with competitiveness of regionalindustries. It starts with a baseline data for anticipated outputgrowth which is considered the national growth component. It alsodetermines the industrial mix is accounting for the distinctiveindustrial mix of a country and lastly competitive share indicatingthe local firms` competitiveness within their industrial segment(Westlund, Hans and Larsson 148).
Thispaper will use shift-share analysis to review employment in TheAustin-Round Rock, TX MSA so as to find out if employment hasdeclined or grown in nineteen industries namely retail trade,manufacturing, construction, utilities and mining among others as perfrom the year 2005 to 2015. The analysis is based on none seasonallyadjusted annual total employment in thousands of people.
Austin-RoundRock, TX MSA
Austin-RoundRock, TX (MSA) counties
Thedata in used in this study were acquired from the Bureau of Laborwebsite. The completion of the shift analysis involved the analysisof the three components of the shift-share equation. The componentsused included the total number of employed people in each industry inthe MSA both the part-time and full-time employment was consideredin the analysis. The employment rates were compared to the nationaldata to determine if there is any correlation between the values bothat the national and state level. The numbers were recorded inthousands of people. The last element used in the analysis involvedthe compound annual growth rate between the year 2005 and 2015. Theannual employment rates and growth were estimated between the twoperiods and graphically presented for easy analysis of the trend.
Line code for Austine-Round Rock, TX MSA
Line code for US Metropilitan portion data
Transport and warehousing
Finance and insurance
Real estate and rental and leasing
Professional, scientific, and technical services
Healthcare and social services
Arts, entertainment and recreation
Accommodation and food services
Other services, except public administration
Government and government enterprises
Fromthe figures above, there are three categories of effects includingthe industry mix effect, local competitive and the shift effects. Theshift effects were calculated by analyzing how the national trend inthe employment growth influenced the local employment at the selectedstate. The industry mix effect was calculated to determine how theemployment trends in various industries at the national levelcompared with the performance at the state level. The third variableused in the analysis was the Local Competitive effect which washelpful in determine how each industry in the Austin-Round TX fairedin terms of employment relatively to the national trends (Stephensand Carol Zuber-Mallison308). The study analysis was based on the fact that factorsinfluencing national economic growth and performances also affect theeconomic performance in a single state therefore, a decrease in jobcreations at the national level results to the decreased job creationat the state level.
InformationSector Growth rates on National level vs. MSA
Theshift effect in this case indicates that the overall employment hasbeen increasing over time both at the state and national level. Thereis a similar trend evident in the graphical representation of thenational findings and the state’s findings. In all of the studiedindustries, there was a growth in the employment rate between 2005and 2015 except for 2010 where there was economic recession in theUnited States.
Thelocal industry mix effect for the MSA was positive and this indicatesthat there is more number of created jobs at the state level comparedto the job creation at the national level. For example oil and gasextraction, professional and scientific as well as the technicalservices performed better at the national level compared to the statelevel. In such industries, it can be described that the MSA had anegative numbers showing that the industries have not performed wellin reference to the national performance standard (Stephensand Carol Zuber-Mallison307).
Industrialanalysis between U.S and Austin Round
UnitedStates is a developed nation with a string economic performancehowever, because of the high cost of labor in the nation many firmsshift their operation to the developing nations with affordablelabor. China has experienced a tremendous growth in the recent pastresulting from the increased investment enhanced by the cheap labor.
Theother factor in the analysis involved the Local competitive effectwhich was found to be positive thus, showing that MSA experiences afast growth in the job expansion and industrial growth compared tothe national performances. MSA performs well at the state levelcompared to the national performance standards in various industriesincluding the construction, real estate and the other servicesoffered by the government. Also, the mining industry appears to bedominating the local level and has a higher competitive advantageover the same industries but at the national level(Stephens and Carol Zuber-Mallison307).
Onthe other hand, the study did not focus in the location quotientthough, it could have provided information about the economicspecialization of the selected state. The level of specialization isdetermined by the available opportunities offered in variousindustries at the MSA. The local quotient value of more than 1indicates that the region has more specialized labor force comparedto the national data. The analysis focused on comparing the jobcreation at the MSA and United States as a whole. The study findingsindicate that there is congruent in the shifts in the employmentopportunities over time at both the national and state level. Forexample, the economic recession experienced in the United States wasa major drawback to the national job creation. However, becausenational economy influences the economic performance at the statelevel as well, a similar decline in job creation was evident ineither case. However, at some point it is evident that the nationalgrowth rate was high compared to the Austin-Round Rock MSAperformance especially after 2008.
TheUnited States Bureau ranks Austin-Round Rock metropolitan as thethird in terms of the growth rate. According to the statisticsconducted in 2014, the area had a population of about 1, 943, 2299and the numbers have been increasing since then at an average rate of3% annually. Austin-Round experiences a fast growth rate because ofthe high rate of job creation. Increased employment rates results tothe increased disposable income which is important in facilitatingtrade development in the region. The other factors influencingmetropolitan development include favorable and attractive taxpolicies which attract more investors to establish their enterprisesin the region and provide more job opportunities to the local people.The development of infrastructure is also a major contributor to thedevelopment of the selected metropolitan region. On the other hand,effective development requires establishment of sustainabilitymeasures for example, the increasing number of business activitiesrequires compliance to the environmental protection regulations. Someof the famous and major employers in the region include Dell companywhich has its headquarter located in Round Rock.
Accordingto the Census Bureau estimates, Austin remains a major destinationpoint for most of the migrating talents. The county is ranked amongthe top fifty largest metros basing on the net migration percentages.Also, there is higher level of education at the county compared tothe national statistics. For example, the percentage of people havingbachelor’s degree in the county amounts to 42.6 percent of thetotal population the percentage is slightly lower at the nationallevel with the value estimate being 30%. Increase access to educationmay also be a contributing factor to the increased economicdevelopment in the metropolitan because of the readily availableskilled labor. The number of graduate degrees in the metropolitan is14.8% while at the national level it is 11.6%.
Thecountry has to continue providing incentives to the investors andlevy favorable tax rates to continue experiencing growth in terms ofjob creation. Incentives ensures continuous affordable cost of livingto the inhabitants of the metropolitan. Tax reliefs and incentivesencourage the locals to start their own business activities and thusbecome independent economically. The local government should alsowork to ensure that they promote entrepreneurial activities throughthe education programs where they inform the citizens of the need andimportance of venturing in a business. Also, they should come up withvarious source of capital to facilitate the starting up of smallbusiness activities in the city this will increase the revenuecollection and thus more funds available for the development in theregion.
Finally,Austin-Round Rock TX and the United States should promote jobcreations through education trainings and providing favorableenvironment for entrepreneurial activities. The rate of populationgrowth should match the rate of job creation to reduce the burden ofunemployment which has a negative impact on the economic development.Also, ventures can be increased through the reduction of theprocedural requirements for one to start a business. Increased numberof entrepreneurial activities facilitates job creation and innovationand thus reducing the government’s burden to provide employment forits citizens.
Stephens,A R, and Carol Zuber-Mallison. Texas:A Historical Atlas.U of Oklahoma P, 2014.
Westlund,Hans, and Johan P. Larsson. Handbookof Social Capital and Regional Development.Edward Elgar Pub, 2016.
No related posts.
Theprocess of moving from diligent inquirer to persuasive essay wasdeveloped through the analysis of the reviews and responses from myinitial essay. The ideas in the first draft were arranged inlogically organized in the order of their strength therefore, thereis a clear and smooth flow of ideas. However, there is a greatimprovement in term of the argument structure in the second draft.The logical flow is developed by the well-constructed sentencestructure including the topic sentence and the supportive sentences.Also, the topic is advanced in the second draft through the propercitation of the informant borrowed from various sources. Citationenhances the credibility and precision in the information presentedin the research work. Public resources are mainly used consideringthat the topic addressed relate to the Acts constituted in thegovernment’s institution. In the first draft, most of the resourceswere scholarly articles, but this was advanced by adding more publicresources.
Thefeedback and evaluations helped in the identification of the areas inthe first draft that required corrected and were adjusted accordinglyin the second draft to improve coherence and persuasiveness of theargument presented. The work was mainly conducted steadily to ensurethat all parts of the initial draft are corrected and comprehensivelycovered. I have developed my rhetorical concepts through the processand have learned to incorporate the ethos, pathos, and logos in myargument as evident in the second draft essay. In case I am givenmore time, I would involve more realistic examples of the instanceswhere people have misused their freedoms and why regulations must bedeveloped to enhance the emotional aspect of the argument(Brickey, Russell, Beadling, and Martens 36).
Brickey,Russell, Laura L. Beadling, and Evelyn Martens. PracticalComposition : Exercises for the English Classroom from WorkingInstructors.Jefferson: McFarland & Company, Inc., Publishers, 2014. Print.
No related posts.
Thevideo is all about electromagnetic induction and ways in whichelectricity and magnetic fields are mutually associated. InEinstein`s experiment, he discovered that like poles repel whileunlike poles attract in a magnetic field (The Search forElectromagnetic Induction 03:44). Electromagnetic induction involvesthe production of magnetic force using an electric conductor as aresult of the dynamic interaction between electric fields and themagnetic fields. The foundational experiments were based on thegalvanic electric system which was used to produce a magnetic fieldwhich would be evident in the deflections of the magnetic poles (TheSearch for Electromagnetic Induction 6:48).
Amperediscovered the law of mutual action of two protekynic electricalcables running linearly to each other. Humphrey David explored theapplication of the magnetic field deflection (The Search forElectromagnetic Induction 11:00) and stated that magnetic fieldexisted in a continuous rotation. Michael Faraday furthered thedemonstrated the continuous electric, magnetic rotation usingmagnetic mortar. Electric conductor formation by making hooks ofnails which were attached to each other and the magnetic force wouldmove from one wire or nail to another (The Search for ElectromagneticInduction 12:48). Faraday constructed an experimental design showingboth types of rotations simultaneously and this was a major discoveryleading to the understanding of magnetic induction. The discoverylaid the foundation to the electrodynamics which involves the forcesacting on proudovadic in a magnetic field. In his experiment, hediscovered the determination of the orientation of the magnetic forcewhich involves the use of Fleming left-hand rule. Ampere, later on,discovered the electrodynamics field demonstrated by ampere (TheSearch for Electromagnetic Induction 14:56) and discovered theformula to use in predicting the rotation of an object in a magneticfield. The rule is influenced by the direction of the current flowand the magnetic field lines.
Faradaydemonstrated that electricity could be produced from theelectromagnetic field. The electromagnetic set up involved a coil ofwire with current moving through it. Current indication occurs whenthe magnetic field is changed either by moving a wire inside thefield of changing the magnetic field by increasing or decreasing themagnetic strength(Maxwell 10:15).Current induction in the experiment could also be achieved throughthe turning the magnetic field on and off, rotating a coil in themagnetic field of moving a magnet in and out of a coil (The Searchfor Electromagnetic Induction 33:42). Factors influencing themagnetic induction include magnetic strength and time of contactbetween the magnetic field and the coils (The Search forElectromagnetic Induction 19:01)
Maxwelldescribes the transformation theory of electromagnetism (Maxwell5:15),and he describes the relationship between electricity and magnetismbased on the discovery made by Michael Faradays. Through the use ofmagnetism, one could produce temporary electric currents. Jamesdescribes the Faraday law mathematically using three basic elementsincluding magnetic flux, enclosed wire loop and the element ofsurface. A change in the flux through the surface results to thedevelopment of electromotive force. His work was mainly based ondeveloping what had already been discovered by Michael Faraday. Thevideo on Harmonious Math- Fourier analysis focuses on themathematical aspects of the analysis of the wave patterns in theelectric fields and the calculation of field strength output(HarmoniousMath – Fourier Analysis 10:12).
HarmoniousMath – Fourier Analysis (27 minutes): https://youtu.be/trHBpuRdi84
JamesClerk Maxwell – A Sense of Wonder â Documentary (28minutes):https://youtu.be/ANIkxDm8bF4
TheSearch for Electromagnetic Induction (41 minutes):https://youtu.be/qC4Js75p6yo
No related posts.