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Modeling Regional Economic Growth With A Focus On Amenities

Author

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  • Steven C. Deller
  • Victor Lledo
  • David W. Marcouiller

Abstract

While the literature is clear that areas endowed with scenic beauty, lakes, forests, and wildlife among other natural and built amenities are experiencing robust economic growth, the theoretical foundations for this work are weak. In this study, we employ a Bayesian Modeling Average (BMA) approach to address the problem of model specification. Using data for US counties, we estimate a neoclassical growth model while looking at growth over the 1990s. We look at three separate ways of measuring amenities and recreational opportunities that build on those amenities. While the results suggest that higher amenity areas experience faster growth, still some level of value†added development may be required to realize that growth.

Suggested Citation

  • Steven C. Deller & Victor Lledo & David W. Marcouiller, 2008. "Modeling Regional Economic Growth With A Focus On Amenities," Review of Urban & Regional Development Studies, Wiley Blackwell, vol. 20(1), pages 1-21, March.
  • Handle: RePEc:bla:revurb:v:20:y:2008:i:1:p:1-21
    DOI: 10.1111/j.1467-940X.2008.00139.x
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    Citations

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    Cited by:

    1. Seya, Hajime & Tsutsumi, Morito & Yamagata, Yoshiki, 2012. "Income convergence in Japan: A Bayesian spatial Durbin model approach," Economic Modelling, Elsevier, vol. 29(1), pages 60-71.
    2. Deller, Steven & Conroy, Tessa, 2015. "An Exploratory Analysis of Women Farmers and Rural Economic Growth and Development," Staff Paper Series 580, University of Wisconsin, Agricultural and Applied Economics.
    3. Donovan, Geoffrey H. & Cerveny, Lee K. & Gatziolis, Demetrios, 2016. "If you build it, will they come?," Forest Policy and Economics, Elsevier, vol. 62(C), pages 135-140.
    4. Roberta Piergiovanni & Martin Carree & Enrico Santarelli, 2012. "Creative industries, new business formation, and regional economic growth," Small Business Economics, Springer, vol. 39(3), pages 539-560, October.
    5. Marcin Błażejowski & Jacek Kwiatkowski & Jakub Gazda, 2019. "Sources of Economic Growth: A Global Perspective," Sustainability, MDPI, vol. 11(1), pages 1-14, January.
    6. Kent Kovacs & Robert G. Haight & Grant West, 2017. "Protected Area Designation, Natural Amenities, and Rural Development of Forested Counties in the Continental United States," Growth and Change, Wiley Blackwell, vol. 48(4), pages 611-639, December.
    7. Joanna P. Ganning & Kathy Baylis & Bumsoo Lee, 2013. "Spread And Backwash Effects For Nonmetropolitan Communities In The U.S," Journal of Regional Science, Wiley Blackwell, vol. 53(3), pages 464-480, August.
    8. repec:rre:publsh:v:40:y:2010:i:1:p:71-97 is not listed on IDEAS
    9. Shelley M. Kimelberg & Elizabeth Williams, 2013. "Evaluating the Importance of Business Location Factors: The Influence of Facility Type," Growth and Change, Wiley Blackwell, vol. 44(1), pages 92-117, March.
    10. Partridge, Mark D. & Tsvetkova, Alexandra, 2018. "Local ability to "rewire" and socioeconomic performance: Evidence from US counties before and after the Great Recession," MPRA Paper 89313, University Library of Munich, Germany.
    11. Khatri-Chhetri, Arun & Collins, Alan R., 2011. "Estimation of a Surface Water Quality Valuation Index for the Appalachian Region," 2011 Annual Meeting, July 24-26, 2011, Pittsburgh, Pennsylvania 103653, Agricultural and Applied Economics Association.
    12. Deller, Steven C., 2009. "Wages, Rent, Unemployment and Amenities," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 39(2), pages 1-14.
    13. Myungjun Jang & Chang-Deok Kang, 2016. "The effects of urban greenways on the geography of office sectors and employment density in Seoul, Korea," Urban Studies, Urban Studies Journal Limited, vol. 53(5), pages 1022-1041, April.
    14. Charisia Vlachou & Olga Iakovidou, 2015. "The Evolution Of Studies On Business Location Factors," Journal of Developmental Entrepreneurship (JDE), World Scientific Publishing Co. Pte. Ltd., vol. 20(04), pages 1-23, December.
    15. Fischer, Lorenz Benedikt & Pfaffermayr, Michael, 2018. "The more the merrier? Migration and convergence among European regions," Regional Science and Urban Economics, Elsevier, vol. 72(C), pages 103-114.
    16. Yongqiang Sun & Yan Li & Jing Gao & Yan Yan, 2022. "Spatial and Temporal Patterns of Urban Land Use Structure in Small Towns in China," Land, MDPI, vol. 11(8), pages 1-16, August.
    17. Guangqing Chi & David Marcouiller, 2011. "Isolating the Effect of Natural Amenities on Population Change at the Local Level," Regional Studies, Taylor & Francis Journals, vol. 45(4), pages 491-505.
    18. Jens Abildtrup & Virginie Piguet & Bertrand Schmitt, 2011. "The impact of agro-food industry on employment and population changes: The case of Denmark and France'," ERSA conference papers ersa10p1622, European Regional Science Association.

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