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Social and Behavioral Sciences Commons™
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- Keyword
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- Economic development (5)
- Increasing returns (3)
- L13 (2)
- O14 (2)
- Technology choice (2)
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- Agriculture (1)
- Career choice (1)
- Choice of technology (1)
- Cities (1)
- Consumers (1)
- Consumption (1)
- Coordination efficiency (1)
- D43 (1)
- Data analysis (1)
- Developing countries (1)
- Discretionary income (1)
- Distance between cities (1)
- Division of labor (1)
- Economic activity (1)
- Economic expansion (1)
- Economic growth (1)
- Economics (1)
- Equilibrium (economics) (1)
- Expansion (1)
- F12 (1)
- Firm heterogeneity (1)
- Growth (1)
- Hierarchy (1)
- Household production (1)
- Lawyer influence (1)
Articles 1 - 9 of 9
Full-Text Articles in Social and Behavioral Sciences
Economic Freedom And One-Way Truck Rental Prices: An Empirical Note, Alexander Cardazzi, Robert A. Lawson
Economic Freedom And One-Way Truck Rental Prices: An Empirical Note, Alexander Cardazzi, Robert A. Lawson
Economics Faculty Publications
This study examines the one-way truck rental prices for 378 cities. There are large price differentials in one-way rental prices between city pairs. The pull of people toward higher economic freedom locales and push away from lower economic freedom locales is found to be an important determinant of the city-pair price differentials.
Do Lawyers Inhibit Economic Growth? New Evidence From The 50 U.S. States, James V. Koch, Richard J. Cebula
Do Lawyers Inhibit Economic Growth? New Evidence From The 50 U.S. States, James V. Koch, Richard J. Cebula
Economics Faculty Publications
Whether the activities of lawyers might hamper economic growth has been hotly contested over the past three decades. Contradictory conclusions have flowed from evidence that typically has focused on the impact of lawyers on the growth rates of countries. Disputes over definitions and samples that vary among countries have colored portions of these debates. We surmount many of these issues by adopting a 50-state panel covering the period 2005-2018 for the United States and by utilizing widely accepted variables regarding economic activity and who is considered a lawyer. Further, we utilize two distinct measures of the activity of lawyers and …
The Partition Of Production Between Households And Markets, Christopher Colburn, Haiwen Zhou
The Partition Of Production Between Households And Markets, Christopher Colburn, Haiwen Zhou
Economics Faculty Publications
The process of industrialization was accompanied by the switch from household production to firm production. The industrialization process was also a process of population growth, the appearance of general-purpose technologies, and the expansion of international trade. This paper studies the partition of production between households and firms in an analytically tractable general equilibrium model with a continuum of goods. We show that population growth, development of general-purpose technologies, and the opening of international trade increase the percentage of goods produced by firms. However, with the appearance of a technology biased toward home production, the percentage of goods produced by households …
Coordination Costs, Market Size, And The Choice Of Technology, Haiwen Zhou
Coordination Costs, Market Size, And The Choice Of Technology, Haiwen Zhou
Economics Faculty Publications
Impact of coordination costs and market size on a firm’s choice of technology is studied in a general equilibrium model in which firms engage in oligopolistic competition. A firm establishes an organizational hierarchy to coordinate its production. First, it is shown that an increase in market size leads a firm to choose a more specialized technology. Second, surprisingly, a robust result is that an increase in the level of coordination efficiency leads a firm to choose a less specialized technology.
An Overlapping-Generations Model Of Firm Heterogeneity In Economic Development, Yu Chen, Haiwen Zhou
An Overlapping-Generations Model Of Firm Heterogeneity In Economic Development, Yu Chen, Haiwen Zhou
Economics Faculty Publications
We study firm heterogeneity in economic development in an overlapping-generations general equilibrium model in which manufacturing firms engage in oligopolistic competition. Individuals differ in their productivities in the manufacturing sector and choose to become entrepreneurs or workers. The model is surprisingly tractable. In the steady state, an increase in the entry barrier in the manufacturing sector or an increase in the percentage of income spent on the agricultural good decreases the wage rate, but the level of output in the manufacturing sector does not necessarily decrease. An increase in the degree of patience of an individual increases the steady state …
The Big Economic Development Project Question: Is It New Revenue Or A Spending Transfer?, Paul Harris, Ronald Berkebile, Julia Martin, Larry Filer
The Big Economic Development Project Question: Is It New Revenue Or A Spending Transfer?, Paul Harris, Ronald Berkebile, Julia Martin, Larry Filer
Economics Faculty Publications
Most local governments pursue some degree of economic development activity to strengthen their economy by adding jobs and generating tax revenue. Witness the growth in tax increment financing, property tax abatements, tax credits, and exemptions for economic development. These state and local incentives totaled more than $80 billion in 2012. Economic development projects can represent a significant boon for a local economy. Estimating how much money they might generate, however, is not as easy as it initially seems, and jurisdictions can receive far less net new revenue than developers predict. Most consumers have finite incomes, which limits their discretionary spending. …
Maritime Economics In A Post-Expansion Panama Canal Era, Grace W. Y. Wang, Wayne Talley, Mary R. Brooks
Maritime Economics In A Post-Expansion Panama Canal Era, Grace W. Y. Wang, Wayne Talley, Mary R. Brooks
Economics Faculty Publications
(First paragraph) The 2016 opening of an expanded Panama Canal will allow for Post-Panamax containerships up to 12 500 twenty-foot equivalent unit (TEU) in size to transit the Panama Canal. In response, some US East Coast container ports are having their channels and berths dredged deeper—to allow Post-Panamax containerships from Asia (transiting the expanded canal) to call at their ports. What are the implications for the US West Coast ports? Will there be a cargo shift from West Coast to East Coast ports? These topics as well as the impacts of other changes in global shipping lanes (e.g., the Suez …
A Dynamic Model Of The Choice Of Technology In Economic Development, Haiwen Zhou, Ruhai Zhou
A Dynamic Model Of The Choice Of Technology In Economic Development, Haiwen Zhou, Ruhai Zhou
Economics Faculty Publications
In this overlapping-generations model, there is unemployment in the manufacturing sector. Manufacturing firms engage in oligopolistic competition and choose technologies to maximize profits. With capital as a fixed cost of production, increasing returns in the manufacturing sector exist. In the unique steady state, first, when individuals become more patient, the savings rate increases while the level of an individual’s income decreases. Second, an increase in population or percentage of income spent on manufactured goods does not change steady-state technology while the level of an individual’s income decreases. Third, an increase in the wage rate leads manufacturing firms to choose more …
The Choice Of Technology And Rural-Urban Migration In Economic Development, Haiwen Zhou
The Choice Of Technology And Rural-Urban Migration In Economic Development, Haiwen Zhou
Economics Faculty Publications
This paper studies a general equilibrium model of rural-urban migration in which manufacturing firms engage in oligopolistic competition and choose increasing returns technologies to maximize profits. Urban residents incur commuting costs to work in the Central Business District. Surprisingly a change in the size of the population or an increase in the exogenously given wage rate will not affect a manufacturing firm’s choice of technology. This helps to explain why firms in developing countries may not adopt labor intensive technologies even under abundant labor supply. An increase in the number of manufacturing firms increases both the employment rate and the …