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Which Small Towns Attract Start-Ups and Why? Twenty Years of Evidence from Iowa
Resource type
Authors/contributors
- Artz, Georgeanne M. (Author)
- Kim, Younjun (Author)
- Orazem, Peter F. (Author)
- Han, Peter J. (Author)
Title
Which Small Towns Attract Start-Ups and Why? Twenty Years of Evidence from Iowa
Abstract
Using data on a sample of small Iowa towns consistently collected over two decades, we investigate how agglomeration economies, social capital, human capital, local fiscal policy, and natural amenities affect new firm entry. We find that human capital and agglomeration are more conducive to new firm entry than are natural amenities, local fiscal policy, or social capital. The impact of local fiscal policy is too small to overcome the locational disadvantages from insufficient endowment of human capital and agglomeration. A rural development approach that encourages firm entry in rural towns with the largest endowments of human capital and market agglomeration would be more successful than trying to raise firm entry in every town.
Publication
American Journal of Agricultural Economics
Date
2021
Volume
103
Issue
2
Pages
702-720
Citation Key
artzWhichSmallTowns2021
Accessed
1/10/24, 2:51 PM
ISSN
1467-8276
Short Title
Which Small Towns Attract Start-Ups and Why?
Language
en
Library Catalog
Wiley Online Library
License
© 2020 Agricultural & Applied Economics Association
Extra
Citation
Artz, G. M., Kim, Y., Orazem, P. F., & Han, P. J. (2021). Which Small Towns Attract Start-Ups and Why? Twenty Years of Evidence from Iowa. American Journal of Agricultural Economics, 103(2), 702–720. https://doi.org/10.1111/ajae.12144
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