Diversity, stability and regional growth in the U.S. (1975-2002)

Abstract

This paper summarizes the theoretical arguments from evolutionary theory and ecological economics to put the trade-off between regional economic diversity and regional economic growth on stronger theoretical foundations. Hypotheses are tested using an empirical model that links regional economic diversity to stability and growth using data on 177 BEA areas of the continental United States during the period (1975-2002).evolutionary economics, ecological economies, diversity, stbility, regional growth