PCEMPPath Computation Element Metric Protocol
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(6) In this analysis we utilize a time trend (TT), population (POP), population squared (POP2), population density (POPDEN), (7) per capita employment (PCEMP), and per capita personal income (PCY) as measures of environmental factors.
The percentage change in industry employment, PCEMP, has a different interpretation and expected sign with the two different dependent variables.
This equation includes the independent variable PCEMP, percentage change in industry employment, to capture changes in the denominator of C%MEM caused by short-term fluctuations in the employment level.