A Spatial Analysis of Amenity and regional Economic Growth in Northeast Region
AbstractAmenities are expected to impact regional economic growth by affecting growth in population, employment, income, and house values. This study assess whether the 299 counties in the Northeast (NE) region of the US can build and pursue a growth strategy that depend on their local and neighborhood amenities (natural and built). It extends previous studies by estimating a simultaneous spatial Durbin model (SDM) using the two stages least square method. Historical and cultural amenities and water based recreational amenities are found to play a positive role in shaping the growth of population in the northeast region of the US. The role of natural amenities, land and winter based amenities is found to be negative or insignificant. One of the important findings of the study is the positive role of surrounding counties historical and cultural amenities in the growth of population and employment densities. Overall there is no evidence of a consistent and strong relationship between amenities and regional economic growth and the results can be termed as mixed and inconclusive.
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Bibliographic InfoPaper provided by Regional Research Institute, West Virginia University in its series Working Papers with number 201009.
Length: 16 pages
Date of creation: 2010
Date of revision:
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Web page: http://rri.wvu.edu/research/working-papers/
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regional economic growth; spatial durbin model; two stages least square;
Find related papers by JEL classification:
- C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
- C31 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions; Social Interaction Models
- R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
- R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)
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