Successful Adjustment to Economic Restructuring in the Nonmetro Northeast: 1950-1990
Stephen M. Smith and
Kathleen Miller
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Stephen M. Smith: Penn State University
Kathleen Miller: University of Missouri-Columbia
The Review of Regional Studies, 2001, vol. 31, issue 2, 121-147
Abstract:
Changes in the economic structure of rural America have caused continuing concern about the ability of rural areas to maintain an employment base and viable, dynamic economies. This study finds that the vast majority of Northeast nonmetro counties had both employment and income growth throughout the 1950-1990 period. Counties that were most likely to be successful underwent shifts from traditional resource and manufacturing economies to service and diversified structures. While the results support previous research showing that economies that do not shift to growing industrial sectors will fall behind, a key result is the importance of a diversified economy.
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:rre:publsh:v:31:y:2001:i:2:p:121-147
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