Economic Dualism And Finance: The Lower Mississippi Delta

William Weber and Michael Devaney
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William Weber: Southeast Missouri State University
Michael Devaney: Southeast Missouri State University

The Review of Regional Studies, 1995, vol. 25, issue 1, 57-78

Abstract: A multiple discriminant model is used to test the pervasive nature of economic dualism in the Lower Mississippi Delta Region (LMDR). Much of the policy discussion by The Delta Commission and the Congressional Delta Caucus has tended to focus on local financial constraints. While bank deposits and restrictive branching laws entered the discriminant function, our results suggest that the problems of the Delta are economically and socially pervasive. In addition to finance, public policy in the LMDR should also promote investment in human capital.

Date: 1995
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