Hayes, Dermot; Monchuk, Daniel C.; Miranowski, John; … - Center for Agricultural and Rural Development (CARD), … - 2010
This study examines aggregate county income growth across the 48 contiguous states from 1990 to 2005. To control for endogeneity we estimate a two-stage spatial error model and infer parameter significance by implementing a number of spatial bootstrap algorithms. We find that outdoor recreation...