Advanced Search
MyIDEAS: Login to save this article or follow this journal

Will the rural economy rebound in 2010?

Contents:

Author Info

  • Jason Henderson
Registered author(s):

    Abstract

    As the U.S. economy emerges from recession, prospects for a rural rebound in 2010 are also rising. After months of sharp contraction, the nation’s GDP rose solidly in the second half of 2009. Rural job losses also slowed as the year progressed, and commodity prices rebounded, spurring some optimism that farm profits could soon stabilize. ; The nation’s economic gains, however, have lacked the strength to spur robust job gains or bolster incomes, raising the specter of another jobless recovery. As the recoveries following the 1990-91 and 2001 recessions struggled to create jobs, rural areas enjoyed stronger job growth than their metro counterparts. This time around, rural economies have kept pace with their metro peers. But the question remains: Can rural economies rebound more quickly in the year ahead? ; Henderson reviews the state of the rural economy heading into 2010. He describes how falling demand brought an end to the farm boom in 2009. Next, he examines the impacts of the recession and financial crisis on rural Main Street activity. Finally, he explores how the rural economy in 2010 may be shaped by the national recovery and how stronger global economies and a weak dollar could offer new export opportunities in the year ahead.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.kansascityfed.org/Publicat/EconRev/PDF/10q1Henderson.pdf
    Download Restriction: no

    Bibliographic Info

    Article provided by Federal Reserve Bank of Kansas City in its journal Economic Review.

    Volume (Year): (2010)
    Issue (Month): Q I ()
    Pages: 95-119

    as in new window
    Handle: RePEc:fip:fedker:y:2010:i:qi:p:95-119:n:v.95no.1

    Contact details of provider:
    Postal: One Memorial Drive, Kansas City, MO 64198
    Phone: (816) 881-2254
    Web page: http://www.kansascityfed.org
    More information through EDIRC

    Order Information:
    Email:

    Related research

    Keywords:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:fip:fedker:y:2010:i:qi:p:95-119:n:v.95no.1. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (LDayrit).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.