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Harvard Institute Publishes Profiles on State Economies
As a means of highlighting the performance and composition of state economies, Harvard's Institute for Strategy and Competitiveness, led by Dr. Michael Porter, has published profiles on all 50 states and the District of Columbia.
The profiles, available at http://www.people.hbs.edu/mporter/stateprofiles.htm, include data based on the Cluster Mapping project — a multi-year effort to statistically define clusters and analyze regional economies in the U.S. Relevant economic areas for companies and metropolitan areas, as defined by the Bureau of Economic Analysis, are outlined. The profiles are arranged by the following topics:
- Economic Performance and Innovation Output
- Patents by Organizations, 1995-1998
- Overall Composition of Employment and Wages
- Employment by Cluster
- Job Creation by Traded Cluster
- Top 10 Highest Wage Traded Clusters
- Specialization of the State Economy by Traded Cluster
- State Ranking by Leading Subclusters
The profiles were prepared under the guidance of Porter and are the work of the Council on Competitiveness, Monitor Company and the Institute for Strategy and Competitiveness. Special thanks to Friday Facts, the weekly e-newsletter of the Southern Growth Policies Board, for tipping off SSTI to this story.