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An Analysis of Regional Economic Growth in the U.S. Midwest

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  • Daniel C. Monchuk
  • John A. Miranowski
  • Dermot J. Hayes
  • Bruce A. Babcock

Abstract

In this paper, we examine more closely some of the forces that underlie economic growth at the county level. In an effort to describe a much more comprehensive regional economic growth model, we address a variety of different hypotheses by introducing a large number of growth-related variables. When formulating our hypotheses and specifying our growth model, we make liberal use of geographic mapping software to describe the data so as to “paint” a picture of where growth spots exist. Our empirical estimation indicates amenities, state and local tax burdens, population density, amount of primary agriculture activity, and demographics have important impacts on economic growth. Copyright 2007, Oxford University Press.

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Bibliographic Info

Article provided by Agricultural and Applied Economics Association in its journal Review of Agricultural Economics.

Volume (Year): 29 (2007)
Issue (Month): 1 ()
Pages: 17-39

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Handle: RePEc:oup:revage:v:29:y:2007:i:1:p:17-39

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References

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  1. McGranahan, David A., 1999. "Natural Amenities Drive Rural Population Change," Agricultural Economics Reports 33955, United States Department of Agriculture, Economic Research Service.
  2. JunJie Wu & Richard M. Adams & Catherine L. Kling & Katsuya Tanaka, 2004. "From Microlevel Decisions to Landscape Changes: An Assessment of Agricultural Conservation Policies," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 86(1), pages 26-41.
  3. Huang, T. & Orazem, Peter & Wohlgemuth, Darin, 2002. "Rural Population Growth, 1950-1990: The Roles of Human Capital, Industry Structure and Government Policy," Staff General Research Papers 5061, Iowa State University, Department of Economics.
  4. Timothy J. Bartik, 1999. "Jobs, Productivity, and Local Economic Development: What Implications Does Economic Research Have for the Role of Government?," Book chapters authored by Upjohn Institute researchers, in: Joel Slemrod (ed.), Tax policy in the Real World, pages 269-283 W.E. Upjohn Institute for Employment Research.
  5. Paul D. Gottlieb, 1994. "Amenities as an Economic Development Tool: Is there Enough Evidence?," Economic Development Quarterly, , vol. 8(3), pages 270-285, August.
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Citations

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Cited by:
  1. Monchuk, Daniel C. & Hayes, Dermot J. & Miranowski, John & Lambert, Dayton, 2013. "Inference Based on Alternative Bootstrapping Methods in Spatial Models with an Application to County Income Growth in the United States," Staff General Research Papers 36121, Iowa State University, Department of Economics.
  2. Bukenya, James O., 2009. "Employment Growth in the Rural South: Do Sectors Matter?," 2009 Annual Meeting, January 31-February 3, 2009, Atlanta, Georgia 45903, Southern Agricultural Economics Association.
  3. Boland, Michael A. & Crespi, John M. & Oswald, Dustin, 2009. "An Analysis of the 2002 Farm Bill’s Value-Added Producer Grants Program," Journal of Agribusiness, Agricultural Economics Association of Georgia, vol. 27.
  4. Hong, Junpyo, 2011. "The Role of Amenities in a Regional Economy: A Meta-Analysis Approach," Journal of Rural Development/Nongchon-Gyeongje, Korea Rural Economic Institute, vol. 34(5), December.
  5. repec:phd:pjdevt:pjd_2006_vol._xxxiii_nos._1and2-b is not listed on IDEAS
  6. Martin Falk & Franz Sinabell, 2008. "The Effectiveness of Objective 1 Structural Funds in the EU 15: New Empirical Evidence from NUTS 3 Regions," WIFO Working Papers 310, WIFO.
  7. Brown, Jason P. & Pender, John & Wiser, Ryan & Lantz, Eric & Hoen, Ben, 2012. "Ex post analysis of economic impacts from wind power development in U.S. counties," Energy Economics, Elsevier, vol. 34(6), pages 1743-1754.
  8. Artelaris, Panagiotis & Arvanitidis, Paschalis & Petrakos, George, 2006. "Theoretical and Methodological Study on Dynamic Growth Regions and Factors Explaining their Growth Performance," Papers DYNREG02, Economic and Social Research Institute (ESRI).
  9. Cho, Seong-Hoon & Lambert, Dayton M. & Roberts, Roland K. & Kim, Seung Gyu, 2008. "Moderating Urban Sprawl through Land Value Taxation," 2008 Annual Meeting, July 27-29, 2008, Orlando, Florida 6150, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

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