An Expanded Look into the Role of Economic Diversity on Unemployment

Jennifer Thorvaldson and James Squibb

Journal of Regional Analysis and Policy, 2017, vol. 47, issue 2

Abstract: The empirical literature examining the relationship between economic diversity and eco-nomic growth and stability is inconclusive. Using fourteen years of data for all U.S. counties, this study re-examines the topic in hopes of gaining clarity. This study finds economic diver-sity to be negatively associated with increases in unemployment rates. This study also finds that counties with greater economic diversity experience larger absolute changes in unemploy-ment rates after employment shocks in either direction. These results suggest that higher eco-nomic diversity promotes resilience but decreases stability.

Keywords: Labor; and; Human; Capital (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:ags:jrapmc:293628

DOI: 10.22004/ag.econ.293628

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