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Geographical Scale, Industrial Diversity and Regional Economic Stability

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  • Jing Chen

    (Regional Research Institute, West Virginia University)

Abstract

The empirical relationship between economic diversity and economic stability varies when it is measured at different geographical scales. This paper evaluates the role of geographical scales in assessing this diversity-stability relationship among counties, states, Economic Areas (EAs), metropolitan counties and metropolitan statistical areas (MSAs) in the contiguous U.S. When choosing geographical units to analyze regional economic structure, it is necessary that the geographical units be large enough in population and employment to quantify effectively the regional economic structure. In addition, this paper proposes that geographical units also should be functionally aggregated regions as they better represent spatial interactions than formal regions do, and they consider the possible temporal variations in the boundaries of regional economic structures.

Suggested Citation

  • Jing Chen, 2017. "Geographical Scale, Industrial Diversity and Regional Economic Stability," Working Papers Working Paper 2017-03, Regional Research Institute, West Virginia University.
    • Handle: RePEc:rri:wpaper:2017wp03
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    File URL: https://researchrepository.wvu.edu/rri_pubs/34/
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    References listed on IDEAS

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    Cited by:

    1. Jing Chen, 2018. "Economic Diversity and Regional Economic Performance: A Methodological Concern from Model Uncertainty," Working Papers Working Paper 2018-05, Regional Research Institute, West Virginia University.

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    More about this item

    Keywords

    Geographical Scale; Industrial Diversity; Economic Stability; Spatial Interactions;
    All these keywords.

    JEL classification:

    • C40 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - General
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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