An Analysis of the Role of Self-Employment in the Economic Development of the Rural Northeastern United States
AbstractGenerating employment and alleviating poverty are the biggest challenges for regional economic growth in rural areas of the Northeastern United States. Despite the revival of the economy in much of the nation’s heartland, rural areas are still suffering from high poverty and unemployment rates. Self-employment, a measure of entrepreneurship, indicates an opportunity for rural communities to improve quality of life and accelerate regional economic development. Taking into consideration the problem of unemployment in rural communities, there is a need to focus on generating self-employment opportunities at micro level to enhance economic growth and reduce the per capita income ‘gap’ between rural and urban areas. The overall objective of the study is to identify and estimate the impacts of self-employment in the economic development of the Northeastern United States. The empirical model of this study is derived from the three-equation simultaneous model of Deller et al., (2011). The study estimated the relationship of employment, population and per capita income to self-employment. Research findings show that employment and population have a positive relationship to self-employment indicating positive contribution of self-employment to regional economic development.
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Bibliographic InfoPaper provided by Regional Research Institute, West Virginia University in its series Working Papers with number 201105.
Length: 24 pages
Date of creation: May 2011
Date of revision:
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More information through EDIRC
self-employment; economic development; rural northeast region; simultaneous analysis;
Find related papers by JEL classification:
- R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
- R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy
- C3 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Bögenhold, Dieter & Fachinger, Uwe, 2009. "Entrepreneurship, Innovation and Spatial Disparities: Divisions and Changes of Self-employment and Firms," MPRA Paper 19245, University Library of Munich, Germany.
- Fairlie, Robert W. & Woodruff, Christopher, 2006.
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IZA Discussion Papers
2039, Institute for the Study of Labor (IZA).
- Robert W. Fairlie & Christopher Woodruff, 2007. "Mexican Entrepreneurship: A Comparison of Self-Employment in Mexico and the United States," NBER Chapters, in: Mexican Immigration to the United States, pages 123-158 National Bureau of Economic Research, Inc.
- Robert Fairlie & Christopher Woodruff, 2005. "Mexican Entrepreneurship: A Comparison of Self-Employment in Mexico and the United States," NBER Working Papers 11527, National Bureau of Economic Research, Inc.
- Baumol, William J., 1996. "Entrepreneurship: Productive, unproductive, and destructive," Journal of Business Venturing, Elsevier, vol. 11(1), pages 3-22, January.
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