Economic Impacts of Research and Development in the Social Sciences and Humanities in Coastal Mississippi and Alabama

Sector Definition

The NAICS (2014) code 541720 is for “research and development in the social sciences and humanities.” This industry comprises establishments primarily engaged in conducting research and analyses in cognitive development, sociology, psychology, language, behavior, economic, and other social sciences and humanities.

Gross Regional Product in the Five Coastal Counties of Mississippi and Alabama 

  • The gross regional product (GRP), also called regional gross domestic product (GDP), is the market value of all goods and services produced within a given area over a specific period of time and is a good measure of the size, income, and productivity of a regional economy (EMSI, 2021).
  • The GRP of the five coastal counties is shown in the chart below.

Direct Employment Impacts in the Five Coastal Counties of Mississippi and Alabama 

  • The number of workers and owners of these establishments is shown in the chart below.