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Regional economic development has attracted the interest of economists, geographers, planners and regional scientists for a long time. And, of course, it is a field that has developed a large practitioner cohort in government and business agencies from the national down to the state and local levels. In planning for cities and regions, both large and small, economic development issues now tend to be integrated into strategic planning processes. For at least the last 50 years, scholars from various disciplines have theorised about the nature of regional economic development, developing a range of models seeking to explain the process of regional economic development, and why it is that regions vary so much in their economic structure and performance and how these aspects of a region can change dramatically over time. Regional scientists in particular have developed a comprehensive tool-kit of methodologies to measure and monitor regional economic characteristics such as industry sectors, employment, income, value of production, investment, and the like, using both quantitative and qualitative methods of analysis, and focusing on both static and dynamic analysis. The 'father of regional science', Walter lsard, was the first to put together a comprehensive volume on techniques of regional analysis (Isard 1960), and since then a huge literature has emerged, including the many titles in the series published by Springer in which this book is published.
Originally published in 1979. Decision makers at all levels need sufficiently detailed information on regional economic structure in order to undertake consistent and comprehensive regional planning. A means is put forward here, elevating the impracticable regional input-output method, to that of an operational planning technique. This development represents a system which facilitates the examination both of the economic structure of individual regions in reasonable detail, and of the regional structure of the state economy. The technique, termed the Generation of Regional Input-Output Tables (GRIT), is designed for general use in the production of regional input-output tables, and other data sources contributing towards the holistic accuracy of the table, thereby providing accurate maximisation of input-output tables within a given budget constraint.