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Spatial variations in the relationship between economic diversity and stability

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  • Steven Deller
  • Philip Watson

Abstract

Using US county-level data, we explore how economic diversity influenced economic stability over the period of the Great Recession. We find that higher diversity is associated with greater stability, but there are distinct spatial patterns and the relationship does not hold for much of the central part of the US.

Suggested Citation

  • Steven Deller & Philip Watson, 2016. "Spatial variations in the relationship between economic diversity and stability," Applied Economics Letters, Taylor & Francis Journals, vol. 23(7), pages 520-525, May.
    • Handle: RePEc:taf:apeclt:v:23:y:2016:i:7:p:520-525
    DOI: 10.1080/13504851.2015.1085630
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    References listed on IDEAS

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    1. Keizo Mizuno & Fumitoshi Mizutani & Noriyoshi Nakayama, 2006. "Industrial diversity and metropolitan unemployment rate," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 40(1), pages 157-172, March.
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    6. J. C. Dissart, 2003. "Regional Economic Diversity and Regional Economic Stability: Research Results and Agenda," International Regional Science Review, , vol. 26(4), pages 423-446, October.
    7. William Spelman, 2006. "Growth, Stability, and the Urban Portfolio," Economic Development Quarterly, , vol. 20(4), pages 299-316, November.
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    Cited by:

    1. Marina Malkina, 2019. "How Change in Industry Mix Can Improve the Financial Performance of Regional Economies: Evidence from the Portfolio Approach," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 67(6), pages 1561-1575.
    2. Philip Watson & Steven Deller, 2022. "Tourism and economic resilience," Tourism Economics, , vol. 28(5), pages 1193-1215, August.
    3. Jing Chen, 2018. "Economic Diversity and Regional Economic Performance: A Methodological Concern from Model Uncertainty," Working Papers Working Paper 2018-05, Regional Research Institute, West Virginia University.
    4. Deller, Steven & Conroy, Tessa, 2015. "An Exploratory Analysis of Women Farmers and Rural Economic Growth and Development," Staff Paper Series 580, University of Wisconsin, Agricultural and Applied Economics.
    5. Watson, Philip & Deller, Steven, 2017. "Economic diversity, unemployment and the Great Recession," The Quarterly Review of Economics and Finance, Elsevier, vol. 64(C), pages 1-11.
    6. Jing Chen, 2020. "The Impact of Cluster Diversity on Economic Performance in U.S. Metropolitan Statistical Areas," Economic Development Quarterly, , vol. 34(1), pages 46-63, February.
    7. Steven C. Deller & Tessa Conroy & Philip Watson, 2017. "Women business owners: a source of stability during the great recession?," Applied Economics, Taylor & Francis Journals, vol. 49(56), pages 5686-5697, December.
    8. Jing Chen, 2017. "Geographical Scale, Industrial Diversity and Regional Economic Stability," Working Papers Working Paper 2017-03, Regional Research Institute, West Virginia University.

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