The Economics of Ghost Towns

The ghost towns of the American West are both intriguing historical artifacts and reflec-tions of unique economic forces at work. In this study we develop linked labor and housing market models balancing the wages, rents, and local amenities of isolated boomtown sites to better understand the sources of such communities’ dramatic cycles. High variance boom-towns provide a unique context for investment in housing and other foundational infrastruc-ture, leading directly to the unusually transient local development patterns seen in ghost town settings. We use Colorado-based case studies to illustrate the relevance of the model. Comparisons with more modern rural settings in Appalachia and the Midwest suggest that the model provides a framework to better understand the process of rural decline more generally.


Issue Date:
2009
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/132433
Published in:
Journal of Regional Analysis and Policy, Volume 39, Issue 2
Total Pages:
10




 Record created 2017-04-01, last modified 2017-08-26

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