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Do We Know Economic Development When We See It?

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Author Info

  • Partridge, Mark D.

    (St Cloud State U)

  • Rickman, Dan S.

    (OK State U)

Abstract

Considerable ambiguity exists regarding the assessment of regional economic development. Alternative measures often produce conflicting conclusions. Even if economic development progress is defined as improvement in economic welfare, it is not directly measurable. Therefore, this paper develops a theoretical framework that explores the potential linkages between regional utility and commonly used economic measures. State trends in these measures are then examined for the 1990s and related to the theoretical framework. The exercise reveals that no single measure should be preferred in assessing economic development, although it is possible to separate strong performers from weak performers.

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Bibliographic Info

Article provided by Southern Regional Science Association in its journal Review of Regional Studies.

Volume (Year): 33 (2003)
Issue (Month): 1 ()
Pages: 17-39

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Handle: RePEc:rre:publsh:v:33:y:2003:i:1:p:17-39

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Web page: http://www.srsa.org

Related research

Keywords: Regional;

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Cited by:
  1. Monchuk, Daniel C. & Miranowski, John & Hayes, Dermot J. & Babcock, Bruce A., 2005. "Analysis of Regional Economic Growth in the U.S. Midwest (An)," Staff General Research Papers 12294, Iowa State University, Department of Economics.
  2. Mark D. Partridge & Dan S. Rickman & Kamar Ali & M. Rose Olfert, 2008. "The Geographic Diversity of U.S. Nonmetropolitan Growth Dynamics: A Geographically Weighted Regression Approach," Land Economics, University of Wisconsin Press, vol. 84(2), pages 241-266.
  3. Mark Partridge & Dan Rickman, 2010. "Computable General Equilibrium (CGE) Modelling for Regional Economic Development Analysis," Regional Studies, Taylor & Francis Journals, vol. 44(10), pages 1311-1328.
  4. England, Richard W., 2007. "Motor fuel taxation, energy conservation, and economic development: A regional approach," Ecological Economics, Elsevier, vol. 61(2-3), pages 409-416, March.
  5. Partridge, Mark D. & Rickman, Dan S. & Olfert, M. Rose & Tan, Ying, 2012. "When spatial equilibrium fails: is place-based policy second best?," MPRA Paper 40270, University Library of Munich, Germany.
  6. Deller, Steven C. & Lledo, Victor, 2007. "Amenities and Rural Appalachia Economic Growth," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 36(1), April.

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