Suchergebnisse

AbstractAccess to health care and worker productivity is examined using US county data with a focus on rural–urban differences. Using an embedded variable approach framework, access to health care indirectly affects worker productivity through health outcomes. The data support the central hypothesis, and the access‐productivity relationship is strongest in metro areas. Results suggest that a 1% increase in the number of physicians per 100,000 persons in the region could result in an increase in earnings per worker of between $68.21 and $81.10, depending on the measure of health. The increase for metro areas, however, is nearly 10 times higher than for nonmetro areas.

This study revisits how local fiscal policies, specifically taxing and expenditures, affect economic growth. Using a panel (1990–2020) of Wisconsin general-purpose governments, we estimate a fixed effects variable parameter model and find that taxes have a dampening effect on the growth rate in income prior to the Great Recession but a positive effect over recent years. We also find that the impact of taxes on growth varies across community income levels. For lower income places taxes have a dampening effect on growth, but a positive effect in higher income areas. The results suggest that the impact of fiscal policies on economic growth vary over time and income levels. As such, blanket statements that high taxes harm the business climate and hence economic growth are generally not supported by the research.

AbstractUsing insights gained from Jacobian externalities, we consider how a more diverse economic industrial base relates to business survival rates. While a low survival rate is often perceived negatively among policy‐makers, evidence suggests that business exit is part of a dynamic and robust economy. The high opportunity cost of continuing with a struggling business in a more diversified economy may ultimately sway entrepreneurs with less competitive ventures to exit leading to lower survival rates. We model average 5‐year survival rates at the county level annually from 1990 to 2012 employing a spatial panel Durbin specification. The data support the central hypothesis that more diversified economies increase the opportunity costs of operating an underperforming new business, thereby lowering survival rates.

AbstractUsing US county‐level data, we employ a difference‐in‐difference approach to model the effect of direct to consumer local foods activity on local economic performance. We find no evidence that growth in local foods activity is linked to economic performance measured by per capita income and some evidence of a decline in employment. These results casts doubts on the notion that the promotion of local foods can improve the performance of local economies. While the local foods market can present viable business opportunities for some producers, the overall size of the market is too thin to influence overall local economic performance.

AbstractWe explore the role of social capital in explaining patterns of rural larceny and burglary crime rates. We find consistent evidence that higher levels of social capital tend to be associated with lower levels of rural property crime rates. We also find that there is significant spatial heterogeneity in the underlying data‐generating process. This spatial heterogeneity suggests that relying on global estimates from classical statistical methods, such as least squares, may lead to erroneous policy recommendations at the local level. We suggest that some of the inconsistencies in the ecological empirical criminology literature might be explained by spatial heterogeneity.

The influence of state‐level tax and expenditure limitations on economic performance within the framework of the state's business climate is examined using a family of parametric and nonparametric tests of subsample equivalency. An index of tax and expenditure limitation strength or restrictiveness developed by Poulson is used to test for patterns in 84 separate measures of economic performance, business vitality, and development capacity. In general, we find no evidence that tax and expenditure limitations are associated with higher levels of economic performance or business climate. There is limited evidence that tax and expenditure limitations are associated with a poorer business climate and lower economic performance in some cases.

ABSTRACTThis study explores rural U.S. crime patterns with a focus on social capital. We use a triangulation of three core theories of crime including social disorganization, anomie/strain, and rational choice theories to develop a formal theory and an empirical framework. The role of four unique measures of social capital is explored in understanding patterns of rural crime using nonmetropolitan U.S. county data. The empirical results generally support the theoretical predictions and conclude that rural communities that pursue economic growth and development must be prepared to address the resulting upward pressures on crime. The results on social capital and crime provide numerous policy insights for rural communities.