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Economic Resilience and Vulnerability in the Rural West

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  • Tsai, Chia-Yun
  • Wilson, Paul N.
  • Rahman, Tauhidur

Abstract

The vulnerability and resilience of small rural counties to macroeconomic shocks has received scant attention by researchers. We select 225 rural counties in the Western U.S. and use Briguglio's analytical framework to classify these counties' level of vulnerability and resilience to the Great Recession. Based on the multivariate analysis, helpful risk management strategies centered on health care, education, the exploitation of natural resources, and not being in a right-to-work state. Surprisingly, counties with high natural amenity scores and a high percentage of public land were more vulnerable to this economic shock.

Suggested Citation

  • Tsai, Chia-Yun & Wilson, Paul N. & Rahman, Tauhidur, 2015. "Economic Resilience and Vulnerability in the Rural West," Working Papers 202969, University of Arizona, Department of Agricultural and Resource Economics.
    • Handle: RePEc:ags:usazwp:202969
    DOI: 10.22004/ag.econ.202969
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    References listed on IDEAS

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    1. Glaeser, Edward L. & Scheinkman, JoseA. & Shleifer, Andrei, 1995. "Economic growth in a cross-section of cities," Journal of Monetary Economics, Elsevier, vol. 36(1), pages 117-143, August.
    2. Worthington, William J. & Collins, Jamie D. & Hitt, Michael A., 2009. "Beyond risk mitigation: Enhancing corporate innovation with scenario planning," Business Horizons, Elsevier, vol. 52(5), pages 441-450, September.
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    Cited by:

    1. Chishimba, Elizabeth Mubanga & Wilson, Paul N., 2021. "Resilience to shocks in Malawian households," African Journal of Agricultural and Resource Economics, African Association of Agricultural Economists, vol. 16(2), June.
    2. Oluseye Samuel Ajuwon & Sylvanus Ikhide & Joseph Oscar Akotey, 2017. "MSMEs Productivity in Nigeria," European Journal of Economics and Business Studies Articles, Revistia Research and Publishing, vol. 3, ejes_v3_i.

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