Economic Resilience and Vulnerability in the Rural West

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.


Issue Date:
2015
Publication Type:
Working or Discussion Paper
PURL Identifier:
http://purl.umn.edu/202969
Total Pages:
18
JEL Codes:
R11; R12; R15
Series Statement:
Departmental Working Paper
2015-01




 Record created 2017-04-01, last modified 2017-04-26

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