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Industrial Diversification In Nonmetropolitan Counties And Its Effect On Economic Stability

Author

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  • Smith, Stephen M.
  • Gibson, Cosette M.

Abstract

Applying indexes of economic instability and industrial diversification to Idaho's forty-three nonmetropolitan counties, this paper tests the hypothesis that unemployment is more stable in a more diverse economy. While results support the hypothesis, other aspects of a county's economic structure are just as influential. Indiscriminate diversification will not necessarily bring economic stability.

Suggested Citation

  • Smith, Stephen M. & Gibson, Cosette M., 1988. "Industrial Diversification In Nonmetropolitan Counties And Its Effect On Economic Stability," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 13(02), December.
  • Handle: RePEc:ags:wjagec:32109
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    File URL: http://purl.umn.edu/32109
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    References listed on IDEAS

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    1. John R. Kort, 1981. "Regional Economic Instability and Industrial Diversification in the U.S," Land Economics, University of Wisconsin Press, vol. 57(4), pages 596-608.
    2. Attaran, Mohsen, 1986. "Industrial Diversity and Economic Performance in U.S. Areas," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 20(2), pages 44-54, July.
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    Citations

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    Cited by:

    1. Gabe, Todd M., 2005. "The Effects of Industry Instability on Sector Entry: The Case of Maine," The Review of Regional Studies, Southern Regional Science Association, vol. 35(1), pages 64-79.
    2. Wojan, Timothy R. & Lackey, Steven Brent, 2000. "Manufacturing Specialization in the Southeast: Rural Necessity, Rural Possibility, or Rural Vestige?," The Review of Regional Studies, Southern Regional Science Association, vol. 30(2), pages 167-187, Fall.
    3. Ashley Poston & Brian E. Whitacre, 2014. "How Specialized is “Too” Specialized? Outmigration and Industry Diversification in Nonmetropolitan Counties across America," Journal of Economic Insight (formerly the Journal of Economics (MVEA)), Missouri Valley Economic Association, vol. 40(2), pages 37-63.
    4. McFarlane, Jim A. & Blackwell, Boyd D. & Mounter, Stuart W. & Grant, Bligh J., 2016. "From agriculture to mining: The changing economic base of a rural economy and implications for development," Economic Analysis and Policy, Elsevier, vol. 49(C), pages 56-65.
    5. Andrey A. GNIDCHENKO, 2011. "Defragmentation Of Economic Growth With A Focus On Diversification: Evidence From Russian Economy," Theoretical and Practical Research in Economic Fields, ASERS Publishing, vol. 0(1), pages 45-85, June.
    6. Meriem Djennas & Mohamed Benbouziane & Mustapha Djennas, 2012. "Labor Market Structure, Foreign Trade Competitiveness and Economic Growth in Eurozone," Book Chapters, Institute of Economic Sciences.
    7. Saheum Hong & Yu Xiao, 2016. "The Influence of Multiple Specializations on Economic Performance in U.S. Metropolitan Areas," Sustainability, MDPI, Open Access Journal, vol. 8(9), pages 1-16, September.
    8. Hasan Engin Duran, 2015. "Regional Employment Volatility In Turkey: Causes And Consequences," Working Papers 2015/06, Turkish Economic Association.
    9. Todd M. Gabe, 2007. "Local Economic Instability and Business Location: The Case of Maine," Land Economics, University of Wisconsin Press, vol. 83(3), pages 398-411.

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    Community/Rural/Urban Development;

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