Your Entrepreneurial Ecosystem
Your Entrepreneurial Ecosystem

New Research in Health Economics!

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New research from our team is out in the Health Economics journal! Available here: https://doi.org/10.1002/hec.4242

The Article is titled “Estimating determinants of healthcare establishment locations with restricted federal administrative data. ” The abstract is below. This research contributes to our Economic Opportunity Mapping Project, in which you can interactively select different counties, regions, or states to see the types of business establishments that are currently there compared to those that an economic model predicts might be successful there.

Abstract

We model the locational determinants of nine categories of healthcare services in the contiguous United States using restricted access federal establishment data. These data enable close examination of rural health services, which are subject to suppression in publicly published data sources. After reviewing differences in public and unsuppressed restricted data and testing underlying data generation processes for each healthcare industry, including the Poisson, negative binomial, and their zero‐inflated counterparts, we estimate marginal effects for four categories of independent variables: place‐based factors, financial access, characteristics of population, and industry interdependencies. Findings show establishments are less likely to be found with high concentrations of Medicare and Medicaid recipients, while agglomerations are associated with more establishments. Nonemployer establishments serve a broader spectrum of people, but the rural poor still experience less access to health care.

EOM Discussion Guide

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So, now you know how to use the Economic Opportunity Maps, but not sure how to discuss them with community stakeholders? Check out our discussion guide here: https://communities.tamu.edu/files/2021/01/Discussion-Guide.pdf

We’ll walk you through questions that you should always ask when using secondary data, as well as discussion questions specific to the maps.

Check out the maps here: https://communities.tamu.edu/economic-opportunity-maps/.

EOM User’s Guide

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We’re also getting a lot of questions on how to use the Economic Opportunity Maps (EOM), so we put together a User’s Guide: (https://communities.tamu.edu/files/2021/01/EOM-Users-Guide.pdf).

An Economic Opportunity Map (EOM) is a unique way for individuals to interactively explore business opportunities in their county across various industries.

This document guides readers through the mapping tool itself as well as elements of each EOM. We will begin by considering the different types of industries represented across these EOMs followed by a more detailed look at the EOM interactive mapping dashboard. Finally, we will point out some additional tools to assist users in interpretations and guiding discussion.

The Economic Opportunity Maps for counties all over the continental U.S. can be found here: https://communities.tamu.edu/economic-opportunity-maps/.

Economic Opportunity Maps FAQ

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The Economic Opportunity Maps for counties all over the continental U.S. can be found here: https://communities.tamu.edu/economic-opportunity-maps/

We’re getting a lot of questions on their use and how to interpret them, so we put together a Frequently Asked Questions document (FAQ, https://communities.tamu.edu/files/2021/01/FAQ.pdf). Check it out and as always feel free to email me with any questions, ccarpenter@tamu.edu!

 

New Research on Retirement and the Importance of Staying Active!

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I published some new research in the Journal of Consumer Affairs!

We find a negative association between the ability to complete financial calculations and age, with an even more negative relationship after retirement. This may suggest limits to career extension, or alternatively, that extending some types of careers could provide cognitive benefits.

Regardless, the implication that staying active as we age is clear!

You can see the full article here: https://onlinelibrary.wiley.com/doi/10.1111/joca.12353

Economic Opportunity Maps Keep Getting Better!

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Our team of researchers from across the country continues to update the Economic Opportunity Maps to improve their accuracy and to add more industries. Our research team include faculty from Texas A&M, Iowa State University, University of Wyoming, and Michigan State University.

Check out the new updates at either of the links below!

https://communities.tamu.edu/economic-opportunity-maps/

https://www.canr.msu.edu/economic_development/economic-opportunity-maps/

Funding Entrepreneurial Ecosystem Building

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https://www.energizingentrepreneurs.org/ is a great public resource and I encourage you to check out their website.

 

One of my favorite of their works from this year is titled “Funding Entrepreneurial Ecosystem Building” and is available here: https://files.constantcontact.com/c84c5a8b001/7c26622a-16dd-40c5-9f09-c2a80b296ba9.pdf

It has specific suggestions for funding and building the entrepreneurial ecosystem in your community! Check it out!

Economic Opportunity Maps Update!

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Our team’s Economic Opportunity Maps project has been updated! The maps have been cleared up and some details on the methods have been added.

See the embedded and interactive maps here: https://communities.tamu.edu/economic-opportunity-maps/

The project was supported by the Agricultural and Food Research Initiative Competitive Program of the USDA National Institute of Food and Agriculture (NIFA), award number 2017-67023-26242.

Economic Opportunity Maps Entering Testing Phase

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My Economic Opportunity Maps project is entering its testing phase!

See the embedded and interactive maps here: https://communities.tamu.edu/economic-opportunity-maps/

The project was supported by the Agricultural and Food Research Initiative Competitive Program of the USDA National Institute of Food and Agriculture (NIFA), award number 2017-67023-26242.

New Research on the Importance of Local Banks to Rural Communities!

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Access to financial capital is vital for the sustainability of the local business sector. Recent
research on the restructuring of the financial industry from local owned banks to interstate conglomerates
has raised questions about the impact on local economies, especially in rural areas. We examine the im-
pact of bank ownership concentration on business formations, continuations, and deaths in metropolitan,
micropolitan, and rural U.S. counties. Using limited-access Census data, we find that local bank
concentration is positively related to business births and deaths, or churn, in rural counties, but the opposite
effects occur in metropolitan areas.
Read more here: