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This paper compares the empirical relationship between industrial diversity and economic stability across different geographical scales, including counties, states, Economic Areas, and Metropolitan Statistical Areas, in the contiguous U.S. between 2000 and 2014. It is found that this relationship varies greatly when it is analyzed across these four geographical scales. Meanwhile, several scale‐related...
Previous research suggests that having more self‐employed or entrepreneurs can contribute to higher levels of economic growth in distressed areas. Additionally, self‐employment in certain industries may be more beneficial to growth. Other research has linked industrial diversity to entrepreneurship and regional growth, especially in urban areas. However, the relationship between industrial diversity,...
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