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ERIC Number: EJ847642
Record Type: Journal
Publication Date: 2009-Jul
Pages: 13
Abstractor: As Provided
Reference Count: 83
ISSN: ISSN-0743-0167
Measuring the Determinants of Relative Economic Performance of Rural Areas
Agarwal, Sheela; Rahman, Sanzidur; Errington, Andrew
Journal of Rural Studies, v25 n3 p309-321 Jul 2009
This paper examines the determinants of economic performance of 149 English rural Local Authority Districts (LADs). A Three Stage Least Square (3SLS) estimation procedure was employed to jointly determine the influence of a wide range of indicators representing economic, human, cultural and environmental capital, as well as less tangible or "soft" factors on three distinct components of economic performance: "productivity", "employment" and "labor market participation". The results reveal that a range of facets of economic and human capital, including the three key drivers of productivity ("skills", "investment" and "enterprise"), spatial factors ("peripherality" and "accessibility"), and other key factors ("economic structure", "government infrastructure", "road infrastructure", and "occupational health"), are significant determinants of economic performance in rural areas. This study is of value since it proposes a method for modelling the determinants of economic performance which is transferable to other environments in the UK and beyond. In addition, it proposes a set of benchmarks of economic performance using readily available data, and highlights some implications for rural policy and several avenues for future research. (Contains 4 tables.)
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Publication Type: Journal Articles; Reports - Evaluative
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers - Location: United Kingdom (England)