The Isard Model

The Isard Model, developed by economist Walter Isard, is a way to analyze regional economic activity by breaking down a region into interconnected parts. It examines how industries and places influence each other through their economic relationships—like how a factory's output depends on demands from nearby stores or other industries. By studying these internal links, the model helps identify which areas or sectors are key drivers of regional growth or decline. Essentially, it provides a framework to understand and plan for regional economic development by looking at how different parts of a region interact.