IDEAS home Printed from https://ideas.repec.org/p/ags/ukysps/140263.html
   My bibliography  Save this paper

Economic and Social Infrastructure in the Strategy of Regional Economic Development: An Alternative Theoretical Perspective Relevant to Open Economies

Author

Listed:
  • Smith, Eldon D.

Abstract

The purpose of this paper is to reformulate the problem of unemployment and its relation to education; i.e., to suggest a new conceptual perspective on this relationship. The major hypothesis is that the people of a low-income region with limited opportunities for educated persons interpret their local economic environment and its job opportunities as indicating the actual benefits of education, and hence undervalue it. This hypothesis is not tested in this paper, but examined as an indication of a direction for further research. An illustrative example which is representative of many other economically lagging regions is a 19-county area of South Central Kentucky, which has received much state and U. S. development assistance. This region is of special interest because demand for labor has rapidly increased and education is available, but unemployment remains stubbornly high and the level of education low. Therefore, it appears that a strategy of merely providing educational and employment opportunities and transportation infrastructure will not lift a lagging region out of poverty. Further research is needed, beginning with a re-examination and reformulation of the problem to include the impact of the social and economic environment created by the predominance of unskilled and non-technical jobs in the area. An alternative strategy which is re1evant to an open economy is suggested if the hypothesis proves to be valid.

Suggested Citation

  • Smith, Eldon D., 1988. "Economic and Social Infrastructure in the Strategy of Regional Economic Development: An Alternative Theoretical Perspective Relevant to Open Economies," Staff Papers 140263, University of Kentucky, Department of Agricultural Economics.
  • Handle: RePEc:ags:ukysps:140263
    as

    Download full text from publisher

    File URL: http://purl.umn.edu/140263
    Download Restriction: no

    References listed on IDEAS

    as
    1. Theodore W. Schultz, 1950. "Reflections on Poverty Within Agriculture," Journal of Political Economy, University of Chicago Press, vol. 58, pages 1-1.
    2. Smith, Eldon D. & Deaton, Brady J. & Kelch, David R., 1978. "Location Determinants of Manufacturing Industry in Rural Areas," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 10(01), pages 23-32, July.
    3. Eldon D. Smith, 1956. "Nonfarm Employment Information for Rural People," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 38(3), pages 813-827.
    Full references (including those not matched with items on IDEAS)

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:ukysps:140263. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search). General contact details of provider: http://edirc.repec.org/data/daukyus.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.