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Diversity And Regional Economic Growth: Evidence From Us Counties

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  • VALERIEN O. PEDE

    (International Rice Research Institute (IRRI), Philippines)

Abstract

This study examines the relationship between economic growth and diversity for US counties over the period 1990-2007. The existing literature provides conflicting conclusions on the relationship between diversity and growth, based on theoretical arguments as well as empirical analysis. A conditional growth model is estimated through spatial econometric techniques which account for the role of location and spatial dependence in the regional economic growth process. The results suggest economic diversity has a positive impact on economic growth.

Suggested Citation

  • Valerien O. Pede, 2013. "Diversity And Regional Economic Growth: Evidence From Us Counties," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 38(3), pages 111-127, September.
    • Handle: RePEc:jed:journl:v:38:y:2013:i:3:p:111-127
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    2. Rodríguez, Wilson Santiago Izquierdo & Velecela, PaolaAlexandra Carangui, 2022. "Diversidad económica regional y desempeno socioeconómico en las provincias del Ecuador (período 2014-2018)," Revista Tendencias, Universidad de Narino, vol. 23(1), pages 87-116, January.
    3. Marina Malkina, 2017. "Influence of the Industrial Structure of Economy on the Risk Level of Russian Regions' Tax Systems," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 65(6), pages 2025-2035.
    4. Fabio Mazzola & Iolanda Cascio & Rosalia Epifanio & Giuseppe Giacomo, 2018. "Territorial capital and growth over the Great Recession: a local analysis for Italy," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 60(2), pages 411-441, March.
    5. Young Ademola Obafemi, 2022. "Specialization Versus Diversification as Alternative Strategies for Sustainable Growth in Resource-Rich Developing Countries. Case of Nigeria," Studia Universitatis „Vasile Goldis” Arad – Economics Series, Sciendo, vol. 32(3), pages 1-47, September.
    6. Jarisch, Isabelle & Bödeker, Kai & Bingham, Logan Robert & Friedrich, Stefan & Kindu, Mengistie & Knoke, Thomas, 2022. "The influence of discounting ecosystem services in robust multi-objective optimization – An application to a forestry-avocado land-use portfolio," Forest Policy and Economics, Elsevier, vol. 141(C).
    7. Valerien O. Pede & Raymond J. G. M. Florax & Henri L. F. de Groot & Gustavo Barboza, 2021. "Technological leadership and sectorial employment growth: A spatial econometric analysis for U.S. counties," Economic Notes, Banca Monte dei Paschi di Siena SpA, vol. 50(1), February.
    8. Lathania Brown & Robert T Greenbaum, 2017. "The role of industrial diversity in economic resilience: An empirical examination across 35 years," Urban Studies, Urban Studies Journal Limited, vol. 54(6), pages 1347-1366, May.
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    More about this item

    Keywords

    Diversity; Economic Growth;

    JEL classification:

    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • N32 - Economic History - - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy - - - U.S.; Canada: 1913-

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