Improved Prospects for Rural Development: An Industrial Targeting System for the Great Plains

John C. Leatherman, Donald J. Howard and Terry L. Kastens

Review of Agricultural Economics, 2002, vol. 24, issue 1, 59-77

Abstract: This research introduces an industrial targeting system intended to improve local decision making related to selection of targets for business recruitment. The Plains Economic Targeting System (PETS) consists of a series of econometric equations that match industry input and market requirements with community characteristics to generate a probability of new business location over a given time period. The system matches location requirements for 78 industry sectors to local characteristics for 414 counties in six Great Plains states. Further, the coefficients generated for a given county are transformed into marginal impacts, providing important information relating to local policies that can improve the probability of attracting a given industry.

Date: 2002
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