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Amenities and Rural Appalachia Economic Growth

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  • Deller, Steven C.
  • Lledo, Victor

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.

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Bibliographic Info

Article provided by Northeastern Agricultural and Resource Economics Association in its journal Agricultural and Resource Economics Review.

Volume (Year): 36 (2007)
Issue (Month): 1 (April)
Pages:

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Handle: RePEc:ags:arerjl:10153

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Web page: http://www.narea.org/
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Related research

Keywords: amenities; quality of life; rural economic growth; Bayesian; Community/Rural/Urban Development;

References

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Citations

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Cited by:
  1. Cho, Seong-Hoon & Lambert, Dayton M. & Kim, Seung Gyu & Jung, Suhyun, 2009. "Extreme coefficients in Geographically Weighted Regression and their effects on mapping," 2009 Annual Meeting, July 26-28, 2009, Milwaukee, Wisconsin 49117, Agricultural and Applied Economics Association.
  2. Steven C. Deller & Melissa A. Deller, 2010. "Rural Crime and Social Capital," Growth and Change, Gatton College of Business and Economics, University of Kentucky, vol. 41(2), pages 221-275.
  3. Deller, Steven C., 2009. "Wages, Rent, Unemployment and Amenities," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 39(2).
  4. Waltert, Fabian & Schl├Ąpfer, Felix, 2010. "Landscape amenities and local development: A review of migration, regional economic and hedonic pricing studies," Ecological Economics, Elsevier, vol. 70(2), pages 141-152, December.
  5. Deller, Steven C., 2007. "The Role of Microenterprises in Economic Growth: A Panel Study of Wisconsin Counties 1977 to 1997," Staff Paper Series 514, University of Wisconsin, Agricultural and Applied Economics.
  6. Jayaraman, Praveena & Gebremedhin, Tesfa G., 2013. "A Non-Spatial Analysis of the Role of Residential Real Estate Investment in the Economic Development of the Northeast Region of the United States," 2013 Annual Meeting, February 2-5, 2013, Orlando, Florida 143107, Southern Agricultural Economics Association.
  7. Monschuk, Daniel C. & Miranowski, John A., 2010. "The Impacts of Local Innovation and Innovative Spillovers on Employment and Population Growth in the U.S. Midwest," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 40(1).

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