Economics Research Institute Study Paper
Utah State University Department of Economics
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Tourism-based rural economic development schemes are of great interest to many states that once relied on extractive industries, particularly in the West. This study analyzes the potential labor market implications of such development strategies, with a focus on employment stability and persistence. Although trade and service employment has increased significantly, strong low-frequency cycles underlie these labor markets. In short, it is imperative that rural economic development strategies account for the role of sectoral dominance in evaluating the trade-offbetween low-frequency and high-frequency employment cycles.
Fawson, Christopher; Thilmany, Dawn; and Keith, John E., "Employment Stability and the Role of Sectoral Dominance in Rural Economies" (1996). Economic Research Institute Study Papers. Paper 98.