AgEcon Search (University of Minnesota, USA) · 1988 · 40 citations · 11 references
Social SciencesEconomicsEconomic GeographyRegional EconomicsEconomic DiversificationIndustrializationRegional Industrial StructureSpatial DiversificationEconomic InstabilityEconomic Stability AnalysisIndustrial DiversificationIndustry DiversificationLocal Economic Diversification
Applying indexes of economic instability and industrial diversification to Idaho's forty-three nonmetropolitan counties, this paper tests the hypothesis that unemployment is more stable in a more diverse economy. While results support the hypothesis, other aspects of a county's economic structure are just as influential. Indiscriminate diversification will not necessarily bring economic stability.
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