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作者

Richard V. Adkisson, Lawrence D. LaPlue, Christopher J. Sroka

来源

ECONOMIC DEVELOPMENT QUARTERLY,Vol.34,Issue.1

语言

英文

关键字

Keywords MSAs, regional economic development, economic development index, initial conditions, postrecession

作者单位

1New Mexico State University, Las Cruces, NM, USA

摘要

This article studies the impact of initial (circa 2009) socioeconomic conditions on post-Great Recession economic development/recovery. The units observed are 145 single-county metropolitan statistical areas in the lower 48 American states. Principal components analysis is used to construct a four-dimensional index representing economic development/recovery over 2009 to 2016. Variables in five categories—education/human capital, general socioeconomic/demographic conditions, industrial structure, public policy, and regional variables—are used to explain variation in the economic development index. The estimates indicated that approximately two thirds of the variation in post-recession economic development can be explained using only initial conditions.