IDEAS home Printed from https://ideas.repec.org/a/sae/ecdequ/v28y2014i4p351-363.html
   My bibliography  Save this article

The Rural Economic Capacity Index (RECI)

Author

Listed:
  • Alvin Simms
  • David Freshwater
  • Jamie Ward

Abstract

Economic development practitioners and theorists recognize that community-based strategies offer the best opportunity for rural economic development. But, rural communities also need assistance in identifying and implementing their strategies. Two key needs are financial support and technical assistance. In this article, the authors describe a benchmarking tool that provides rural communities in Newfoundland and Labrador, Canada with a means to identify their individual strengths and weaknesses, and how they compare with immediate peers. This is the typical benchmarking function, but the tool also provides a way to show individual communities the benefits of regional agglomerations at different levels of geography. Unlike most benchmarking exercises that simply provide lists of indicators, the authors link the indicators through a simplified structural model of the local economy. By focusing on composite indicators, the Rural Economic Capacity Index provides community leaders with a sense of the “big picture†that can help them in the process of framing a development strategy.

Suggested Citation

  • Alvin Simms & David Freshwater & Jamie Ward, 2014. "The Rural Economic Capacity Index (RECI)," Economic Development Quarterly, , vol. 28(4), pages 351-363, November.
    • Handle: RePEc:sae:ecdequ:v:28:y:2014:i:4:p:351-363
    DOI: 10.1177/0891242413512672
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/0891242413512672
    Download Restriction: no
    File URL: https://libkey.io/10.1177/0891242413512672?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Stephan Brunow & Georg Hirte, 2006. "Age structure and regional economic growth," Review of Regional Research: Jahrbuch für Regionalwissenschaft, Springer;Gesellschaft für Regionalforschung (GfR), vol. 26(1), pages 3-23, March.
    2. Koen Decancq & María Ana Lugo, 2013. "Weights in Multidimensional Indices of Wellbeing: An Overview," Econometric Reviews, Taylor & Francis Journals, vol. 32(1), pages 7-34, January.
    3. James Feyrer, 2007. "Demographics and Productivity," The Review of Economics and Statistics, MIT Press, vol. 89(1), pages 100-109, February.
    4. Stephan J. Goetz & David Freshwater, 2001. "State-Level Determinants of Entrepreneurship and a Preliminary Measure of Entrepreneurial Climate," Economic Development Quarterly, , vol. 15(1), pages 58-70, February.
    5. Romina Boarini & Åsa Johansson & Marco Mira d'Ercole, 2006. "Alternative Measures of Well-Being," OECD Economics Department Working Papers 476, OECD Publishing.
    6. Romina Boarini & Åsa Johansson & Marco Mira d'Ercole, 2006. "Alternative Measures of Well-Being," OECD Social, Employment and Migration Working Papers 33, OECD Publishing.
    7. Steven Brent Lackey & David Freshwater & Anil Rupasingha, 2002. "Factors Influencing Local Government Cooperation in Rural Areas: Evidence from the Tennessee Valley," Economic Development Quarterly, , vol. 16(2), pages 138-154, May.
    8. Elsie Harper-Anderson, 2008. "Measuring the Connection Between Workforce Development and Economic Development," Economic Development Quarterly, , vol. 22(2), pages 119-135, May.
    9. Mario Polèse & Richard Shearmur, 2006. "Why some regions will decline: A Canadian case study with thoughts on local development strategies," Papers in Regional Science, Wiley Blackwell, vol. 85(1), pages 23-46, March.
    10. David L. Darling & Stephan L. Tubene, 1996. "Determining the Population Threshold of Minor Trade Centers: A Benchmark Study of Non-Metropolitan Cities in Kansas," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 18(1), pages 95-101.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Catherine Oosterbaan & Stephen Morris, 2017. "Increasing capacity of rural clients to access economic development programs: The Ontario BRE case study," Community Development, Taylor & Francis Journals, vol. 48(2), pages 255-270, March.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Pablo González & Kirsten Sehnbruch & Mauricio Apablaza & Rocío Méndez Pineda & Veronica Arriagada, 2021. "A Multidimensional Approach to Measuring Quality of Employment (QoE) Deprivation in Six Central American Countries," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 158(1), pages 107-141, November.
    2. Paul Allin, 2015. "Official Statistics On Personal Well-Being: Some Reflections On The Development And Some Reflections On The Development And In The Uk," Statistics in Transition New Series, Polish Statistical Association, vol. 16(3), pages 397-408, September.
    3. Florence Jany-Catrice & Stephan Kampelmann, 2007. "L'indicateur de bien-être économique : une application à la France," Revue Française d'Économie, Programme National Persée, vol. 22(1), pages 107-148.
    4. Stephan Brunow & Georg Hirte, 2009. "The age pattern of human capital and regional productivity: A spatial econometric study on german regions," Papers in Regional Science, Wiley Blackwell, vol. 88(4), pages 799-823, November.
    5. Francesca Giambona & Mariano Porcu & Isabella Sulis, 2023. "Does education protect families' well-being in times of crisis? Measurement issues and empirical findings from IT-SILC data," Statistical Methods & Applications, Springer;Società Italiana di Statistica, vol. 32(1), pages 299-328, March.
    6. Donadelli, M. & Jüppner, M. & Paradiso, A. & Ghisletti, M., 2020. "Tornado activity, house prices, and stock returns," The North American Journal of Economics and Finance, Elsevier, vol. 52(C).
    7. Lars Osberg & Andrew Sharpe, 2011. "Moving from a GDP-Based to a Well-Being Based Metric of Economic Performance and Social Progress: Results from the Index of Economic Well-Being for OECD Countries, 1980-2009," CSLS Research Reports 2011-12, Centre for the Study of Living Standards.
    8. Paul Dolan & Tessa Peasgood, 2008. "Measuring Well-Being for Public Policy: Preferences or Experiences?," The Journal of Legal Studies, University of Chicago Press, vol. 37(S2), pages 5-31, June.
    9. Delbosc, Alexa & Currie, Graham, 2011. "Exploring the relative influences of transport disadvantage and social exclusion on well-being," Transport Policy, Elsevier, vol. 18(4), pages 555-562, August.
    10. Modrego, Félix & Berdegué, Julio A., 2015. "A Large-Scale Mapping of Territorial Development Dynamics in Latin America," World Development, Elsevier, vol. 73(C), pages 11-31.
    11. Allin Paul, 2015. "Official Statistics on Personal Well-Being: Some Reflections on the Development and use of Subjective Well-Being Measures in the UK," Statistics in Transition New Series, Statistics Poland, vol. 16(3), pages 397-408, September.
    12. Carla Collicelli, 2013. "Subjective Indicators in the Health Sector and Their Usefulness in Policy Making," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 114(1), pages 87-103, October.
    13. Alessandra Faggian & M. Rose Olfert & Mark D. Partridge, 2011. "Inferring regional well-being from individual revealed preferences: the 'voting with your feet' approach," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 5(1), pages 163-180.
    14. Van Ootegem, Luc & Spillemaeckers, Sophie, 2010. "With a focus on well-being and capabilities," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 39(3), pages 384-390, June.
    15. Xing, Yangang & Horner, R. Malcolm W. & El-Haram, Mohamed A. & Bebbington, Jan, 2009. "A framework model for assessing sustainability impacts of urban development," Accounting forum, Elsevier, vol. 33(3), pages 209-224.
    16. Katharina Frosch, 2009. "Do only new brooms sweep clean? A review on workforce age and innovation," MPIDR Working Papers WP-2009-005, Max Planck Institute for Demographic Research, Rostock, Germany.
    17. Cappelli, Federica & Caravaggio, Nicola & Vaquero-Piñeiro, Cristina, 2022. "Buen Vivir and forest conservation in Bolivia: False promises or effective change?," Forest Policy and Economics, Elsevier, vol. 137(C).
    18. Francová, Olga & Korhonen, Kari & Kovačević, Dušan, 2023. "Quality of life: A way to buttress crisis program evaluations?," Evaluation and Program Planning, Elsevier, vol. 99(C).
    19. Bleys, Brent & Whitby, Alistair, 2015. "Barriers and opportunities for alternative measures of economic welfare," Ecological Economics, Elsevier, vol. 117(C), pages 162-172.
    20. Thomas Carver & Arthur Grimes, 2019. "Income or Consumption: Which Better Predicts Subjective Well‐Being?," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 65(S1), pages 256-280, November.

    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:sae:ecdequ:v:28:y:2014:i:4:p:351-363. See general information about how to correct material in RePEc.

    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 bibliographic 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.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.