Farm Prices, Energy Prices and Rural Income in the U.S.

Central place theory and economic base theory are used to specify a model that describes rural personal income in the U.S. OLS regressions using annual 1969-2005 data show that rural income is significantly determined by metropolitan personal income and farm prices, as well as energy prices. The parity index performs slightly better than farm prices in describing rural income.

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Year of publication:	2010
Authors:	Jelavich, Mark
Published in:	The Journal of Economics. - Missouri Valley Economic Association - MVEA, ISSN 0361-6576. - Vol. 36.2010, 1, p. 1-7
Publisher:	Missouri Valley Economic Association - MVEA

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Type of publication:	Article
Classification:	R12 - Size and Spatial Distributions of Regional Economic Activity ; Q18 - Agricultural Policy; Food Policy ; J21 - Labor Force and Employment, Size, and Structure ; Q43 - Energy and the Macroeconomy
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010553408