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Rural Growth and the Rural Capital Account

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  • Kilkenny, Maureen
  • Partridge, Mark D.

Abstract

This technical report contributes to NC 1014's efforts to understand and improve the contribution of rural financial markets for rural growth. We investigate the ‗export-led growth' hypothesis about rural development, with particular emphasis on the implications of regional current account surpluses/capital account deficits, and deposits in commercial banks. We find that in just one case, subsequent rural deposits depend positively on prior rural export sector activity. But these deposits do not appear to support local investment: both subsequent rural employment and rural income growth are significantly negatively correlated with initial export intensity.

Suggested Citation

  • Kilkenny, Maureen & Partridge, Mark D., 2008. "Rural Growth and the Rural Capital Account," Proceedings: 2007 Agricultural and Rural Finance Markets in Transition, October 4-5, 2007, St. Louis, Missouri 48145, Regional Research Committee NC-1014: Agricultural and Rural Finance Markets in Transition.
  • Handle: RePEc:ags:nc1007:48145
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    File URL: http://purl.umn.edu/48145
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    References listed on IDEAS

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    1. Stephan J. Goetz & David L. Debertin, 1996. "Rural Population Decline in the 1980s: Impacts of Farm Structure and Federal Farm Programs," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 78(3), pages 517-529.
    2. Steven C. Deller & Tsung-Hsiu (Sue) Tsai & David W. Marcouiller & Donald B.K. English, 2001. "The Role of Amenities and Quality of Life In Rural Economic Growth," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 83(2), pages 352-365.
    3. Kilkenny, Maureen & Jolly, Robert W., 2005. "Are Rural Credit Markets Competitive? Is There Room for Competition in Rural Credit Markets?," Choices, Agricultural and Applied Economics Association, vol. 20(1).
    4. Chad Syverson, 2004. "Market Structure and Productivity: A Concrete Example," Journal of Political Economy, University of Chicago Press, vol. 112(6), pages 1181-1222, December.
    5. Collender, Robert N. & Shaffer, Sherrill, 2003. "Local bank office ownership, deposit control, market structure, and economic growth," Journal of Banking & Finance, Elsevier, vol. 27(1), pages 27-57, January.
    6. Davis, James C. & Henderson, J. Vernon, 2003. "Evidence on the political economy of the urbanization process," Journal of Urban Economics, Elsevier, vol. 53(1), pages 98-125, January.
    7. Peter G. McGregor & Eric P. McVittie & J. Kim Swales & Ya Ping Yin, 2000. "The Neoclassical Economic Base Multiplier," Journal of Regional Science, Wiley Blackwell, vol. 40(1), pages 1-31.
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    Keywords

    Community/Rural/Urban Development;

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