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Rural Wealth Creation Concepts, Strategies, and Measures

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  • Pender, John L.
  • Marre, Alexander W.
  • Reeder, Richard J.

Abstract

This report presents a conceptual framework for rural wealth creation, drawing upon the U.S. and international development literature. The framework emphasizes the importance of multiple types of assets (physical, fi nancial, human, intellectual, natural, social, political, and cultural capital) and the economic, institutional, and policy context in which rural wealth strategies are devised. The report discusses the role of wealth creation in the rural development process, how wealth can be created in rural communities, and how its accumulation and effects can be measured.

Suggested Citation

  • Pender, John L. & Marre, Alexander W. & Reeder, Richard J., 2012. "Rural Wealth Creation Concepts, Strategies, and Measures," Economic Research Report 121860, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uersrr:121860
    DOI: 10.22004/ag.econ.121860
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    5. 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).
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    8. Love, Erin & Thilmany McFadden, Dawn D. & Jablonski, Becca B. R. & Bellows, Laura, 2020. "A Baseline Assessment of School Food Spending and Local Procurement: Exploring the Case of CO Hb 19-1132 and Other Public Policies," 2020 Annual Meeting, July 26-28, Kansas City, Missouri 304588, Agricultural and Applied Economics Association.
    9. Marre, Alexander W., 2014. "Rural and Urban Differences in Household Wealth Accumulation: What Role Do Demographics, Wages and Property Values Play?," 2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota 170473, Agricultural and Applied Economics Association.
    10. Andrew F. FIELDSEND, 2013. "Facilitating Innovation In Agriculture: Lessons From A European Perspective," Agricultural Economics and Rural Development, Institute of Agricultural Economics, vol. 10(2), pages 177-190.
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    13. Olalekan Usiobaifo Asikhia, 2016. "SMEs, Wealth Creation and Poverty Alleviation in Nigeria," Journal of Economics and Behavioral Studies, AMH International, vol. 8(4), pages 17-31.
    14. Kashyap, Pratyoosh & Jablonski, Becca B.R. & Bauman, Allison, 2022. "Exploring the Relationship between Stocks of Community Wealth and the Intensity of Farm to School Program Activities," 2022 Annual Meeting, July 31-August 2, Anaheim, California 322167, Agricultural and Applied Economics Association.
    15. Jason A. Hubbart & Hodjat Ghadimi, 2023. "Regional Wealth Data Acquisition and Modeling: Innovations Needed for Advancement in Sustainable Wealth in Energy-Rich Regions," Challenges, MDPI, vol. 14(4), pages 1-17, December.
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