Journal Article

An Analysis of Regional Economic Growth in the U.S. Midwest

Daniel C. Monchuk, John A. Miranowski, Dermot J. Hayes and Bruce A. Babcock

in Applied Economic Perspectives and Policy

Published on behalf of Agricultural and Applied Economics Association

Volume 29, issue 1, pages 17-39
Published in print January 2007 | ISSN: 2040-5790
Published online January 2007 | e-ISSN: 2040-5804 | DOI: https://dx.doi.org/10.1111/j.1467-9353.2006.00328.x
An Analysis of Regional Economic Growth in the U.S. Midwest

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  • Household Analysis
  • Entrepreneurship
  • Urban, Rural, and Regional Economics
  • Public Economics
  • Agricultural Economics

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In this paper, we examine more closely some of the forces that underlie economic growth at the county level. In an effort to describe a much more comprehensive regional economic growth model, we address a variety of different hypotheses by introducing a large number of growth-related variables. When formulating our hypotheses and specifying our growth model, we make liberal use of geographic mapping software to describe the data so as to “paint” a picture of where growth spots exist. Our empirical estimation indicates amenities, state and local tax burdens, population density, amount of primary agriculture activity, and demographics have important impacts on economic growth.

Keywords: H710; H720; L260; Q100; R110; R120; R230

Journal Article.  9448 words.  Illustrated.

Subjects: Household Analysis ; Entrepreneurship ; Urban, Rural, and Regional Economics ; Public Economics ; Agricultural Economics

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