Economic Resilience and Vulnerability in the Rural West
Paul N. Wilson and
No 202969, Working Papers from University of Arizona, Department of Agricultural and Resource Economics
The vulnerability and resilience of small rural counties to macroeconomic shocks has received scant attention by researchers. We select 225 rural counties in the Western U.S. and use Briguglio's analytical framework to classify these counties' level of vulnerability and resilience to the Great Recession. Based on the multivariate analysis, helpful risk management strategies centered on health care, education, the exploitation of natural resources, and not being in a right-to-work state. Surprisingly, counties with high natural amenity scores and a high percentage of public land were more vulnerable to this economic shock.
Keywords: Community/Rural/Urban; Development (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:usazwp:202969
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