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Arizona-Sonora Region Gets Graded in Annual Report Card
The University of Arizona Office of Economic Development (UA OED) has released its annual report card on economic growth and development in the Arizona-Sonora region. Funded by the Arizona-Mexico Commission and the Arizona Department of Commerce, Regional Economic Indicators: Arizona-Sonora 2003 monitors economic changes in the Arizona-Sonora region via 33 indicators across four broad areas:
- Position in North American Free Trade Agreement and global markets;
- Cross-border economic integration;
- Performance of leading industry sectors; and,
- Dimensions of quality of life.
Almost half of the 32 indicators are covered in the report's Leading Sectors section, which includes manufacturing, agribusiness, mining and transportation. The Arizona-Sonora region's share of border states' and U.S.-Mexico production levels is measured in each sector by looking at the sector's contribution to GSP. How Arizona and Sonora performed individually also are considered.
In conducting the Arizona-Sonora region report, UA OED researchers relied on data from such sources as the U.S. Census Bureau, U.S. International Trade Commission and the Bureau of Economics Analysis. Exports are reported using data based on the North American Industry Classification System, rather than the Standard Industrial Classification system.
The purpose of Regional Economic Indicators is to support policies that promote economic transformation, investment and entrepreneurship, but not necessarily to make policy recommendations. The report is available at http://oed.arizona.edu/.