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Modelling the Influence of Community Capitals on Rural Economic Growth

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  • Ren, Yongwang
  • Bergtold, Jason
  • Seth, Zander
  • Thompson, Nick

Abstract

We propose a modeling framework that integrates all 7 community capitals, interactions between the capitals, and influence of capitals on community economic growth. We built a large panel dataset of capital indicators and community economic growth at county-year level. Using this dataset, we first conduct principal component analysis and analyze the spatial distribution of each community capital component. Secondly, we apply structural equation modeling (SEM) and estimate a fixed-effect model based on the results of measurement model of SEM. Our results suggest differences of community capital stock across urban and rural areas. We also find potential connections between community capitals and economic growth.

Suggested Citation

  • Ren, Yongwang & Bergtold, Jason & Seth, Zander & Thompson, Nick, 2026. "Modelling the Influence of Community Capitals on Rural Economic Growth," 2026 Annual Meeting, July 26 - 28, 2026, Kansas City, Missouri 404761, Agricultural and Applied Economics Association.
    • Handle: RePEc:ags:aaea26:404761
    DOI: 10.22004/ag.econ.404761
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    References listed on IDEAS

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    1. Sriya Iyer & Michael Kitson & Bernard Toh, 2005. "Social capital, economic growth and regional development," Regional Studies, Taylor & Francis Journals, vol. 39(8), pages 1015-1040.
    2. Oded Galor & Omer Moav, 2004. "From Physical to Human Capital Accumulation: Inequality and the Process of Development," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 71(4), pages 1001-1026.
    3. Mirosław Krzyśko & Peter Nijkamp & Waldemar Ratajczak & Waldemar Wołyński & Beata Wenerska, 2024. "Spatio-temporal principal component analysis," Spatial Economic Analysis, Taylor & Francis Journals, vol. 19(1), pages 8-29, January.
    4. Schmit, Todd M. & Jablonski, Becca B.R. & Bonanno, Alessandro & Johnson, Thomas G., 2021. "Measuring stocks of community wealth and their association with food systems efforts in rural and urban places," Food Policy, Elsevier, vol. 102(C).
    5. Lisa L. Losada-Rojas & Indraneel Kumar & Annie Cruz-Porter & Yue Ke & Andrey Zhalnin & Benjamin St. Germain & Konstantina Gkritza & Lionel J. Beaulieu, 2025. "Community capitals and economic resilience: insights from the Great Lakes Region post-Great Recession," Regional Studies, Taylor & Francis Journals, vol. 59(1), pages 2355987-235, December.
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