Saturday, January 25, 2014

Orazem on how to promote economic growth in rural areas

My alma mater is now hosting an "ask an economist" series.  One of my dissertation advisers (and all around great person) Peter Orazem was asked about how to promote economic growth in rural areas.

Link here

Research we have done here at Iowa State has shown that job growth in one county leads to population growth in a two county radius. We also found that even in rural areas, agglomeration economies are important for new firm entry. That means that some local labor centers such as Carroll, IA can attract firms and the small towns in a two county radius rely on Carroll for jobs.

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