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Agricultural and Resource Economics Review >
Volume 36, Number 1, April 2007 >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/10153
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| Title: | Amenities and Rural Appalachia Economic Growth |
| Authors: | Deller, Steven
Lledo, Victor |
| Keywords: | amenities
quality of life
rural economic growth
Bayesian |
| Issue Date: | 2007-04 |
| Abstract: | Patterns of economic growth in rural Appalachia are examined with a focus on natural and built amenities. While the literature is clear that rural areas endowed with scenic beauty, lakes, forests, and wildlife, among other natural amenities, and coupled with built amenities such as golf courses, are experiencing robust economic growth. It is not clear if these patterns extend to rural Appalachia. In this applied research study we use data for rural U.S. counties. We estimate an augmented Carlino-Mills growth model with specific attention to growth patterns of Appalachia. We also build on the empirical modeling by adopting a Bayesian Modeling Average (BMA) approach to address the problem of model specification. We find that while there are some commonalities across the whole of the United States, the country is sufficiently heterogeneous that impact of amenities or other policy variables may be significantly different depending on where one is within the country. Our results suggest that while non-metropolitan Appalachia tends to follow national trends, there are sufficient differences that warrant special attention. |
| URI: | http://purl.umn.edu/10153 |
| Institution/Association: | Agricultural and Resource Economics Review>Volume 36, Number 1, April 2007 |
| Total Pages: | 26 |
| Language: | English |
| Journal Issue : | Agricultural and Resource Economics Review |
| Journal Volume: | 36 |
| Journal Date: | April 2007 |
| From Page: | 107 |
| To Page: | 132 |
| Collections: | Volume 36, Number 1, April 2007
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Size | Format |
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| 36010107.pdf | 1255Kb | PDF | View/Open |
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