Spatial variations in the relationship between economic diversity and stability |
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| Authors: | Steven Deller Philip Watson |
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| Institution: | 1. Department of Agricultural and Applied Economics, University of Wisconsin-Madison/Extension, Madison, WI, USA;2. Department of Agricultural Economics and Rural Sociology, University of Idaho, Moscow, ID, USA |
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| 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. |
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| Keywords: | Economic diversity stability spatial econometrics |
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