A0289
Title: Amenity alchemy: Unveiling the dual nature of amenities in shaping regional futures
Authors: Yong Chen - Oregon State University (United States) [presenting]
Myungjin Kim - Kyungpook National University (Korea, South)
Abstract: The dual nature of amenities is explored: quality-of-life effects on households and productivity effects on firms. It reintroduces the notion that amenities can influence production costs, worker productivity, and the business environment. These features are integrated into a quantitative spatial equilibrium model to reveal the complex dynamics in amenity-driven growth. The model results suggest that the net impacts of amenity-driven migration hinge on both the qualify-of-life effects and the productivity effects of amenities. Empirical evidence highlights the interplay between the dual natures of amenities. By revealing the prominence of productivity aspects, the research shows that amenity-driven growth is not a panacea for the development of rural communities.
