Farm Prices, Energy Prices and Rural Income in the U.S

Mark Jelavich
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Mark Jelavich: Northwest Missouri State University

Journal of Economic Insight, 2010, vol. 36, issue 1, 1-7

Abstract: Central place theory and economic base theory are used to specify a model that describes rural personal income in the U.S. OLS regressions using annual 1969-2005 data show that rural income is significantly determined by metropolitan personal income and farm prices, as well as energy prices. The parity index performs slightly better than farm prices in describing rural income.

JEL-codes: J21 Q18 Q43 R12 (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:mve:journl:v:36:y:2010:i:1:p:1-7

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