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

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Author Info
Monchuk, Daniel C.
Miranowski, John
Hayes, Dermot J.
Babcock, Bruce A.

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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.

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Publisher Info
Paper provided by Iowa State University, Department of Economics in its series Staff General Research Papers with number 12294.

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Date of creation: 15 Apr 2005
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Publication status: Published in Review of Agricultural Economics, Spring 2007, Vol. 29, No. 1, pp. 17-39.
Handle: RePEc:isu:genres:12294

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Postal: Iowa State University, Dept. of Economics, 260 Heady Hall, Ames, IA 50011-1070
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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. [Downloadable!]
  2. Sullivan, Patrick & Hellerstein, Daniel & Hansen, Leroy & Johansson, Robert & Koenig, Steven & Lubowski, Ruben & McBride, William & McGranahan, David & Roberts, Michael & Vogel, Stephen & Bucholtz, Sh, 2004. "The Conservation Reserve Program: Economic Implications for Rural America," Agricultural Economics Reports 33987, United States Department of Agriculture, Economic Research Service. [Downloadable!]
  3. Cheshire, Paul & Sheppard, Stephen, 1995. "On the Price of Land and the Value of Amenities," Economica, London School of Economics and Political Science, vol. 62(246), pages 247-67, May. [Downloadable!] (restricted)
  4. Masahisa Fujita & Paul Krugman & Anthony J. Venables, 2001. "The Spatial Economy: Cities, Regions, and International Trade," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262561476, December.
  5. Roback, Jennifer, 1982. "Wages, Rents, and the Quality of Life," Journal of Political Economy, University of Chicago Press, vol. 90(6), pages 1257-78, December. [Downloadable!] (restricted)
  6. Romana Khan & Peter F. Orazem & Daniel M. Otto, 2001. "Deriving Empirical Definitions of Spatial Labor Markets: The Roles of Competing Versus Complementary Growth," Journal of Regional Science, Blackwell Publishing, vol. 41(4), pages 735-756. [Downloadable!] (restricted)
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