Rural economics explained

Rural economics is the study of rural economies. Rural economies include both agricultural and non-agricultural industries, so rural economics has broader concerns than agricultural economics which focus more on food systems.^[1] Rural development^[2] and finance^[3] attempt to solve larger challenges within rural economics. These economic issues are often connected to the migration from rural areas due to lack of economic activities^[4] and rural poverty. Some interventions have been very successful in some parts of the world, with rural electrification and rural tourism providing anchors for transforming economies in some rural areas. These challenges often create rural-urban income disparities.^[5]

Rural spaces add new challenges for economic analysis that require an understanding of economic geography: for example understanding of size and spatial distribution of production and household units and interregional trade,^[6] land use,^[7] and how low population density effects government policies as to development, investment, regulation, and transportation.^[8]

Issues

Rural poverty

Important sectors

Tourism

See also

• Agricultural economics
• Agroecology
• Economic development
• Economic geography
• Electrical energy efficiency on United States farms
  • Regional economics RIGA Project
• Rural development
• Rural sociology
• Urban economics

Further reading

• Thomas Nixon Carver (1911). Principles of Rural Economics. Chapter links, pp. vii-x.
• _____, ed. (1926). Selected Readings in Rural Economics, Chapter links, pp. vii-x.
• John Ise (1920). "What is Rural Economics," Quarterly Journal of Economics, 34(2), pp. 300-312.
• Yves Léon (2005). "Rural Development in Europe: A Research Frontier for Agricultural Economists," European Review of Agricultural Economics, 32(3), pp. 301–317. Abstract.
• Ida J. Terluin and Jaap H. Post, ed. (2001). Employment Dynamics in Rural Europe. Chapter previews.

Notes and References

1. • Gustav Ranis and Frances Stewart (1993). "Rural Nonagricultural Activities in Development: Theory and Application," Journal of Development Economics, 40(1), pp. 75-101. Abstract.
      • Jean O. Lanjouwb and Peter Lanjouw (2001). "The Rural Non-farm Sector: Issues and Evidence from Developing Countries," Agricultural Economics, 26(1), pp. 1-23. Abstract.
      • Thomas Reardon et al. (2008). "Effects of Non-Farm Employment on Rural Income Inequality in Developing Countries: An Investment Perspective," Journal of Agricultural Economics,51(2), pp. 266-288. Abstract.
2. • Thomas P. Tomich, Peter Kilby, and Bruce F. Johnston (1995). Transforming Agrarian Economies. Arrow-page searchable.
      • Alain de Janvry, Rinku Murgai, and Elisabeth Sadoulet (2002). "Rural Development and Rural Policy," in Handbook of Agricultural Economics, v. 2A (scrollable preview), ch. 31. Abstract.
      • Bruce L. Gardner (2005). "Causes of Rural Economic Development," Agricultural Economics, 32(s1), pp. 21-41. Abstract.
      • Kiminori Matsuyama (2008). "Structural change," The New Palgrave Dictionary of Economics 2nd Edition. Abstract.
      • Steven C. Deller et al. (2001). "The Role of Amenities and Quality of Life in Rural Economic Growth," American Journal of Agricultural Economics, 83(2), pp. 352-365 (close Pages tab).
3. • Michael R. Carter (2008), "agricultural finance," The New Palgrave Dictionary of Economics, 2nd Edition.Abstract.
      • Karla Hoff and Joseph E. Stiglitz (1993). "Imperfect Information and Rural Credit Markets: Puzzles and Policy Perspectives," in Karla Hoff, Avishay Braverman, and Joseph E. Stiglitz, ed., Economics of Rural Organization: Theory, Practice and Policy, ch. 2, pp. 33-52 (press +).
      • Rodrigo A. Chaves and Claudio Gonzalez-Vega (1996). "The Design of Successful Rural Financial Intermediaries: Evidence from Indonesia," World Development, 24(1), pp. 65-78. Abstract.
4. • James Roumasset (2008). "population and agricultural growth," The New Palgrave Dictionary of Economics, 2nd Edition.Abstract.
      • David McGranahan (1999).Natural Amenities Drive Rural Population Change. Agricultural Economic Report No. (AER781) 32 pp, Description and chapter links.
5. • JunJie Wu, Paul W. Barkley, and Bruce A. Weber, ed. (2008). Frontiers in Resource and Rural Economics. Resources for the Future. .Description.
      •
      • Alain de Janvry and Elisabeth Sadoulet (2007). "Toward a Territorial Approach to Rural Development," Journal of Agricultural and Development, 4(1), pp. [ftp://ftp.fao.org/docrep/fao/010/ai192e/ai192e00.pdf 66-98.]
6. • Anthony J. Venables (2008). "New economic geography." The New Palgrave Dictionary of Economics, 2nd Edition.Abstract.
      • France Ivry (1994). Agricultural Household Modelling and Family Economics. Elsevier. Abstract.
7. • Alain de Janvry and Elisabeth Sadoulet (2008). "access to land and development," The New Palgrave Dictionary of Economics 2nd Edition. Abstract.
      • JunJie Wu (2008). "Land Use Changes: Economic, Social, and Environmental Impacts," Choices: The Magazine of Food, Farm, and Resource Issues, 23(4), pp. 6-10 (press +).
8. • John W. Mellor (2008). "agriculture and economic development," The New Palgrave Dictionary of Economics, 2nd Edition. Abstract.
      • Christopher B. Barrett and Emelly Mutambatsere (2008). "agricultural markets in developing countries," The New Palgrave Dictionary of Economics, 2nd Edition. Abstract.
      • Karla Hoff, Avishay Braverman, and Joseph E. Stiglitz, ed. (1993). Economics of Rural Organization: Theory, Practice and Policy. Oxford University Press for the World Bank.
      • William A. Galston and Karen Baehler (1995). Rural Development in the United States: Connecting Theory, Practice, and Possibilities. Wash., D.C.: Island Press. Description and TOC link.
      • Alan Okagaki, Kris Palmer, and Neil S. Mayer (1998). Strengthening Rural Economics. Wash., D.C.: U.S. Dept. of Housing & Urban Development. Description and PDF (press +).