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Rural Wealth Creation Concepts, Strategies, and Measures

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  • Pender, John L.
  • Marre, Alexander W.
  • Reeder, Richard J.

Abstract

This report presents a conceptual framework for rural wealth creation, drawing upon the U.S. and international development literature. The framework emphasizes the importance of multiple types of assets (physical, fi nancial, human, intellectual, natural, social, political, and cultural capital) and the economic, institutional, and policy context in which rural wealth strategies are devised. The report discusses the role of wealth creation in the rural development process, how wealth can be created in rural communities, and how its accumulation and effects can be measured.

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File URL: http://purl.umn.edu/121860
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Bibliographic Info

Paper provided by United States Department of Agriculture, Economic Research Service in its series Economic Research Report with number 121860.

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Date of creation: Mar 2012
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Handle: RePEc:ags:uersrr:121860

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Related research

Keywords: wealth creation; rural development; regional development; community economic development; sustainable development; livelihoods; wealth indicators; conceptual framework; Community/Rural/Urban Development;

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References

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  1. David A. McGranahan & Timothy R. Wojan & Dayton M. Lambert, 2011. "The rural growth trifecta: outdoor amenities, creative class and entrepreneurial context -super-�," Journal of Economic Geography, Oxford University Press, vol. 11(3), pages 529-557, May.
  2. Robert J. Barro, 1995. "Inflation and Economic Growth," NBER Working Papers 5326, National Bureau of Economic Research, Inc.
  3. Guido W. Imbens & Jeffrey M. Wooldridge, 2009. "Recent Developments in the Econometrics of Program Evaluation," Journal of Economic Literature, American Economic Association, vol. 47(1), pages 5-86, March.
  4. Baltagi, Badi H & Pinnoi, Nat, 1995. "Public Capital Stock and State Productivity Growth: Further Evidence from an Error Components Model," Empirical Economics, Springer, vol. 20(2), pages 351-59.
  5. McGranahan, David A., 1999. "Natural Amenities Drive Rural Population Change," Agricultural Economics Reports 33955, United States Department of Agriculture, Economic Research Service.
  6. Rupasingha, Anil & Goetz, Stephan J., 2007. "Social and political forces as determinants of poverty: A spatial analysis," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 36(4), pages 650-671, August.
  7. Arrow, Kenneth J. & Dasgupta, Partha & Goulder, Lawrence H. & Mumford, Kevin J. & Oleson, Kirsten, 2012. "Sustainability and the measurement of wealth," Environment and Development Economics, Cambridge University Press, vol. 17(03), pages 317-353, June.
  8. McGranahan, David A. & Wojan, Timothy R., 2007. "The Creative Class: A Key to Rural Growth," Amber Waves, United States Department of Agriculture, Economic Research Service, April.
  9. Cromartie, John & Nelson, Peter, 2009. "Baby Boom Migration and Its Impact on Rural America," Economic Research Report 55947, United States Department of Agriculture, Economic Research Service.
  10. Gasper A. Garofalo & Steven Yamarik, 2002. "Regional Convergence: Evidence From A New State-By-State Capital Stock Series," The Review of Economics and Statistics, MIT Press, vol. 84(2), pages 316-323, May.
  11. Goetz, Stephan J. & Partridge, Mark D. & Deller, Steven C. & Fleming, David A., 2010. "Evaluating U.S. Rural Entrepreneurship Policy," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 40(1).
  12. McGranahan, David A. & Cromartie, John & Wojan, Timothy R., 2010. "Nonmetropolitan Outmigration Counties: Some Are Poor, Many Are Prosperous," Economic Research Report 96769, United States Department of Agriculture, Economic Research Service.
  13. World Bank, 2011. "The Changing Wealth of Nations : Measuring Sustainable Development in the New Millennium," World Bank Publications, The World Bank, number 2252, October.
  14. Reeder, Richard J., 1998. "Retiree-Attraction Policies for Rural Development," Agricultural Information Bulletins 33667, United States Department of Agriculture, Economic Research Service.
  15. Emery N. Castle, 1998. "A Conceptual Framework for the Study of Rural Places," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 80(3), pages 621-631.
  16. Jones, Carol Adaire & Parker, Timothy S. & Ahearn, Mary Clare & Mishra, Ashok K. & Variyam, Jayachandran N., 2009. "Health Status and Health Care Access of Farm and Rural Populations," Economic Information Bulletin 54430, United States Department of Agriculture, Economic Research Service.
  17. Chad R. Wilkerson & Megan D. Williams, 2011. "Booms and busts in household wealth: implications for Tenth District states," Economic Review, Federal Reserve Bank of Kansas City, issue Q II.
  18. Mitch Renkow, 2003. "Employment Growth, Worker Mobility, and Rural Economic Development," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 85(2), pages 503-513.
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