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Non-Linear Input-Output Models: Practicability And Potential, Guy R. West, Randall Jackson
Non-Linear Input-Output Models: Practicability And Potential, Guy R. West, Randall Jackson
Regional Research Institute Working Papers
The conventional input-output model has been widely criticised, both justly and unjustly, for its limiting assumptions. One of these assumptions is homogeneity of degree one. This paper explores some approaches to minimise this limitation of traditional input-output analysis by removing the assumption of linear coefficients for the intermediate and household sectors. As is well documented in the literature, the household sector is the dominant component of multiplier effects in an input-output model, so using marginal income and expenditure coefficients for the household sector provides a more accurate estimate of the multiplier effects. A price model can then utilised to estimate …
Method For Constructing Commodity By Industry Flow Matrices, Randall Jackson, Walter R. Schwarm, Yasuhide Okuyama, Samia Islam
Method For Constructing Commodity By Industry Flow Matrices, Randall Jackson, Walter R. Schwarm, Yasuhide Okuyama, Samia Islam
Regional Research Institute Working Papers
This paper describes the method used to construct an interregional Commodity by Industry Flow matrix for the United States. The interregional flow matrix method involves the construction of single-state (and DC) SAMs using data from IMPLAN. Once complete, the interregional flows connecting states are estimated using a method based on the Commodity Flow Survey data published by the Bureau of Transportations Statistics. The estimated interregional SAM is then adjusted to insure the integrity of intraregional and system-wide accounts. The procedures have been designed with the goal of ease of replicability, so that updates and extensions of the database can be …
Labor Market Size And Unemployment Duration: A Theoretical Note, Peter V. Schaeffer, Tesfa Gebremedhin
Labor Market Size And Unemployment Duration: A Theoretical Note, Peter V. Schaeffer, Tesfa Gebremedhin
Regional Research Institute Working Papers
When job prospects are uncertain, labor market size matters even when labor and jobs, respectively, are homogenous. The expected unemployment duration and its standard deviation may then differ systematically with labor market size.
An Economic Impact Study Of The Pennsylvania Section Of The Cove Point Expansion, Randall Jackson, Walter R. Schwarm
An Economic Impact Study Of The Pennsylvania Section Of The Cove Point Expansion, Randall Jackson, Walter R. Schwarm
Regional Research Institute Working Papers
Dominion Resources, Inc. engaged the Regional Research Institute to determine the total economic impacts associated with pipeline construction and/or modernization proposals traversing several Pennsylvania jurisdictions. The proposed project represents an investment of approximately $200 million. The scope of this analysis consists of estimating varying economic effects including job creation and resulting personal income, output and fiscal or tax revenue impacts directly associated with both the operational and construction phases of the proposed Pipeline expansion project. We calculate the spill-over or multiplicative impacts that will arise from the proposed Pipeline project. Additionally, some attempt is made in this analysis to capture …
Location-Specific Amenities, Equilibrium, And Constraints On Location Choices, Brian Cushing
Location-Specific Amenities, Equilibrium, And Constraints On Location Choices, Brian Cushing
Regional Research Institute Working Papers
This research considers how preferences for location-specific attributes might constrain migration destination choices. In particular, if, at any given time, most people are consuming their desired location-specific attributes, then unwillingness to give up these attributes may influence the decision to migrate. For those who migrate, these desired attributes might significantly constrain the locations they would consider. This perspective differs substantially from the normal approach that assumes people move toward “good attributes” and away from “bad attributes.” The research provides an initial test of a “constrained destination choice” hypothesis by considering “locational attribute constraints” in the context of aggregate place-to-place migration …
The Role Of Small Business In Economic Growth And Poverty Alleviation In West Virginia: An Empirical Analysis, Gebremeskel H. Gebremariam, Tesfa Gebremedhin, Randall Jackson
The Role Of Small Business In Economic Growth And Poverty Alleviation In West Virginia: An Empirical Analysis, Gebremeskel H. Gebremariam, Tesfa Gebremedhin, Randall Jackson
Regional Research Institute Working Papers
The main objective of the study is to empirically evaluate the critical roles of small businesses in economic growth and poverty alleviation in West Virginia. In OLS and 2SLS regression analysis a positive relationship exists between small business and economic growth. A strong inverse relationship also exists between the incidence of poverty and small business and economic growth. Thus, the empirical result establishes the linkage between small business, economic growth and the incidence of poverty.
Effects Of Zoning On Residential Option Value, Jonathan C. Young
Effects Of Zoning On Residential Option Value, Jonathan C. Young
Regional Research Institute Working Papers
Knowing more precisely how zoning affects housing value would allow policy-makers to improve long-term policy decisions. Previous studies have concluded that local zoning regulations affect residential option value. These studies, however, do not specify the magnitude of the effect for varying zoning types. This study quantifies zoning’s effect on residential option value for specific types of zoning using a hedonic regression model of housing prices. The study utilizes information on housing characteristics and sales prices for a cross-section of houses in Monongalia County, West Virginia. The research develops two models to differentiate between zoning effects on developed versus undeveloped properties. …
Developing Integrated Object-Oriented Conception Of Geomarketing As A Tool For Promotion Of Regional Sustainable Development: The Case Study Of Ukraine, Volodymyr M. Anderson
Developing Integrated Object-Oriented Conception Of Geomarketing As A Tool For Promotion Of Regional Sustainable Development: The Case Study Of Ukraine, Volodymyr M. Anderson
Regional Research Institute Working Papers
In the paper we propose and discuss new vision of geomarketing as a tool for promotion of regional sustainable development. Integrated object-oriented conception of geomarketing was designed by adoption and elaboration of some new ideas and approaches, such as “place marketing”, “non-profit marketing”, “counter-marketing”, “collaborative spatial decision-making”, “endogenous regional development”, “regional sustainable development”, “public-private partnership”. We explore how geomarketing in such a comprehension may be implemented in business and public administration, regional development policy making on example of some Ukrainian firms, regional governments, and communities. The proposed geomarketing conception is based on integration of three different interpretations of geomarketing: 1) …
Dematerialization And Transmaterialization: What Have We Learned?, Walter C. Labys
Dematerialization And Transmaterialization: What Have We Learned?, Walter C. Labys
Regional Research Institute Working Papers
Long-term materials demand patterns are important to examine because of the possibility of material obsolescence as well as the long lead times required to create new mineral productive capacity. Since structural changes in materials demand are inevitably linked to the performance and adjustments of national economies, materials life cycles have often been examined in the context of intensity of use (IOU). Explanations of these structural changes have focused on dematerialization; this concept implies a structural change in an economy embodying a reduced demand for materials and, therefore, a decline in overall industrial growth. An alternative view is that of transmaterialization, …
Pull Factor Estimates For Retail Sales In West Virginia Counties, David W. Hughes
Pull Factor Estimates For Retail Sales In West Virginia Counties, David W. Hughes
Regional Research Institute Working Papers
Pull factors provide a measure of retail trade capture. Pull factors for total and twelve subcategories of retail sales for all West Virginia Counties are analyzed based on 1997 Census of Retail Trade data. A method for estimating missing data points and the use of Rand-McNally trade regions both facilitate estimation of the pull factors. Results indicate that hypothesizes concerning pull factors for central places in West Virginia generally hold. However, other elements influence pull factor estimates. The most important of these is the impact of state sales tax policy, which reduces pull factors for border cities through lessened retail …