Economics Commons^™

Economic Interrelationships And Impacts Of The Aviation/Aerospace Industry In The State Of Florida Using Input-Output Analysis, Kelly A. Whealan-George, Tim Brady, Ian Mcandrew, Irwin Price, Robert T. Clair

Tim Brady

The study provided a detailed description of the interrelatedness of the aviation and aerospace industry with principal industries in Florida and Volusia County (VC) using Input-Output (IO) analysis. The economic impact measures included not only direct economic output and industry employment descriptions but also described the multiplier effects in the form of indirect and induced impacts using data for 2012. This research concluded the average labor income of the aviation and aerospace industry was higher than average labor income in Florida and VC. A substantive difference between the Florida and VC average labor income for the aviation and aerospace industry …

The American Recovery And Reinvestment Act: Examining The Spatial Distribution Of Federal Stimulus Funds, Matin Katirai, Jeffery L. Osgood Jr

Matin Katirai

No abstract provided.

Currency Wars And The Erosion Of Dollar Hegemony, Lan Cao

Lan Cao

Gop Denying Women Basic Economic Rights, Alev Dudek

Alev Dudek

Tax Incentives And Housing Investment In Low-Income Neighborhoods, Matthew Freedman

Matthew Freedman

This paper examines how tax incentives to promote housing investment affect communities by exploiting the lottery structure of Missouri’s Neighborhood Preservation Act (NPA). The NPA offers tax credits to homeowners and developers that improve or expand the owner-occupied housing stock in low-income areas. Taking advantage of the random assignment of NPA tax credits and detailed property-level data, I find that the program increases construction activity modestly. There are positive but highly localized spillovers on neighbors’ investment behavior. Spillovers on property values are larger in geographic scope, implying important roles for both neighbor interactions and amenity effects in local housing markets.

The Impact Of Research And Development On Economic Growth And Productivity In The Us States, Luisa Blanco, James Prieger, Ji Gu

Luisa Blanco

We estimate the impact of R&D on TFP and output in the private sector at the state level in the US from 1963 to 2007. R&D has a large effect on both output and TFP at the state level in the long run. The R&D elasticity in a state averages 0.056 to 0.143, implying returns to state GDP from R&D spending of 83% to 213%. There are also positive R&D spillovers, with 77% of the total returns accruing to other states. The R&D elasticities are either stable or increase slightly after 1993. The effects of R&D are dependent on the …

Place-Based Programs And The Geographic Dispersion Of Employment, Matthew Freedman

Matthew Freedman

Public Actors In Private Markets: Toward A Developmental Finance State, Robert Hockett, Saule Omarova

Saule T. Omarova

The recent financial crisis brought into sharp relief fundamental questions about the social function and purpose of the financial system, including its relation to the “real” economy. This Article argues that, to answer these questions, we must recapture a distinctively American view of the proper relations among state, financial market, and development. This programmatic vision – captured in what we call a “developmental finance state” – is based on three key propositions: (1) that economic and social development is not an “end-state” but a continuing national policy priority; (2) that the modalities of finance are the most potent means of …

Home Prices And Inequality: Singapore Versus Other 'Global Superstar Cities', S Y Phang

PHANG Sock Yong

No abstract provided.

Superstar Cities, Inequality And Housing Policy, S Y Phang

PHANG Sock Yong

Income and wealth inequality have been constantly debated, especially in recent years. Most studies, such as the recent work by Thomas Piketty, compare inequality across countries and over time. National inequality measures, however, mask considerable variations across cities within the same country. A country’s biggest and most economically dynamic cities also tend to have the largest inequality gaps. These cities – what Joseph Gyourko calls “Superstar Cities” – are also distinguished by their high housing prices. Migration in and out of cities limits the extent to which Superstar Cities can use local redistributive policies (including housing policies) to reduce inequality. …

Asean Public Private Partnership Guidelines, Fauziah Zen, Michael Regan

Michael Regan

The ASEAN PPP Guidelines are designed for ASEAN nations and provide a common set of policy principles for member countries. The Guidelines offer a broad framework based on best practice standards that will help government departments to manage the processes and procedures that need to be taken when implementing PPP projects. In this respect, common policy principles provide consistency, confidence and certainty to foreign private investors and help facilitate cross-border PPP projects and enhance greater connectivity through harmonisation of member’s regulatory requirements. ASEAN nations will already have in place PPP laws and policies, and many international agencies provide financial assistance …

Postindustrial Societies, Brian Hoey

Brian A. Hoey, Ph.D.

The term postindustrial society presupposes categorizing society based on an economic means of classification. Its use rests on assessing the relative status of manufacturing industry as an economic sector. Significant adjustment in sectoral location and nature of employment precipitated by late-twentieth-century deindustrialization in the developed world led many social theorists and critics to predict broad changes throughout domains of everyday life. Some began to speak not only of sectoral transformation but also of an emergent ‘ postindustrial society. ’ Following earlier agrarian and industrial ‘ revolutions, ’ postindustrialism suggested yet another revolution that would again transform how societies were organized.

Lo Stato Innovatore: Come Funziona E Perché Ci Serve. Recensione A “Lo Stato Innovatore” Di Mariana Mazzucato, Matteo Lucchese, Mario Pianta

Mario Pianta

No abstract provided.

Perspectives On The Global Financial Crisis From Emerging Managers And Public Policy Makers [Full Version], James L. Grant

James L. Grant

This manuscript attempts to capture the perspectives of emerging managers and public policy makers as evinced in the perspectives of graduate students and others who were enrolled in my newly developed course on the global financial crisis—first offered in the 2010 Harvard Summer Economics Program—at a time when students were engaged in the midst and aftermath of the most severe U.S. and worldwide recession since the Great Depression of the early 1930s. The many perspectives gathered on the causes, consequences, remedies, and perhaps more importantly, a glimpse at student thoughts, concerns, and worries at the time—have been collected from the …

Invisible No More: Domestic Workers Organizing In Massachusetts And Beyond, Natalicia Tracy, Tim Sieber, Susan Moir Scd

Tim Sieber

Domestic workers across the country are making it clear that, even in a difficult political environment, it is possible to make gains for low-wage workers. For the first time in many, many decades, domestic workers are finding ways to win. They are creat
ing policy change that will improve the lives of hundreds of thousands of workers in tangible and substantial ways. The 2014 Massachusetts Domestic Workers’ Bill of Rights is the most expansive codification of rights for this long-overlooked part of the labor force ever to be enacted. In one sense, there is nothing new about domestic workers organizing …

Human Rights, Women, And Third World Development, Winston E. Langley

Winston E. Langley

As part of the effort to inaugurate a new international socio-political order after World War II, international emphasis was given to certain moral and legal entitlements we have come to call human rights. That emphasis initially found its most forceful expression in the Charter of the United Nations, which not only asserts its members' faith in fundamental human rights, in the dignity and worth of the human person, as well as in the equal rights of men and women of all nations, but also recites its members' commitment to employ international machinery for the promotion of the social and economic …

Your Friends And Neighbors: Localized Economic Development And Criminal Activity, Matthew Freedman, Emily Owens

Matthew Freedman

We exploit a sudden shock to demand for a subset of low-wage workers generated by the 2005 Base Realignment and Closure (BRAC) program in San Antonio, Texas to identify the effects of localized economic development on crime. We use a difference-in-difference methodology that takes advantage of variation in BRAC’s impact over time and across neighborhoods. We find that appropriative criminal behavior increases in neighborhoods where a fraction of residents experienced increases in earnings. This effect is driven by residents who were unlikely to be BRAC beneficiaries, implying that criminal opportunities are important in explaining patterns of crime.

Forthcoming in the …

Flexibility@Work 2014: Bringing The Undeclared Economy Out Of The Shadows - The Role Of Temporary Work Agencies, Colin C. Williams

Colin C Williams

The finding is that by creating the right business environment for temporary employment and temporary work agencies, relatively successful economies reduce the supply and demand of undeclared work by providing both workers and employers with better alternatives. The debate, therefore, should be less about whether to allow flexible labour and temporary work, and more about how flexible labour and temporary work can be regulated to create a win-win situation for both businesses and workers.

Reflections On Market Reform In Post-War, Post-Embargo Vietnam, Lan Cao

Lan Cao

No abstract provided.

Impact Of Mahatma Gandhi National Rural Employment Guarantee Act (Mgnrega) On Rural Labour Markets, D Narasimha Reddy, A Amarender Reddy, Nagaraj N, Bantilan Mcs

A Amarender Reddy

This study has evaluated the differentiating impact of MGNREGA on the extent of fulfilment of the basic entitlements such as days of employment, wages and earnings and the extent of coverage of social groups like dalits, adivasis and women and poverty alleviation. This study has disaggregated state level data to discern the factors that make a difference to the performance. Also some micro level scenarios are presented based on the reports of focus group discussions (FGDs) in the villages of Andhra Pradesh. There is growing evidence of an increase in agricultural wages across the country over the period between 2006-07 …

Economic Diversity In Appalachia: Statistics, Strategies, And Guides For Action, Edward Feser, Troy Mix, Mark White, Ken Poole, Deborah Markley, Erik Pages

Edward J Feser

This report, commissioned by the Appalachian Regional Commission, offers a quantitative portrait of economic diversity trends in Appalachian counties and sub-regions, benchmarked to U.S. trends. The portraits draws on four complementary indexes of diversity: industrial, functional, occupational, and knowledge, with the first two based on the mix of industries in a place and the latter two based on the mix of occupations. The report also summarizes diversity trends, economic development practices, and diversification strategies in ten Appalachian counties. The ten cases offer insights into economic development practitioners’ understanding of what economic diversity means for their communities; describe how a diverse …

Slowing Trade: Global Activism Against Trade Liberalization., Mario Pianta

Mario Pianta

The impact of global activism against trade liberalisation is examined in this article through an analysis of the initiatives of cross border civil society networks and with a particular attention to the failed 2003 WTO Ministerial Conference in Cancun. Key aspects considered here include the internal dynamics of mobilisation – which was characterised by a strong framing and widespread protest - and the political opportunities in WTO negotiations, which were marked by divisions within the North and resistance by a large group of Southern governments. In the failure of the WTO Millennium Round in Cancun and the loss of momentum …

An Industrial Policy For Europe, Mario Pianta

Mario Pianta

Una Politica Industriale Per L’Europa, Mario Pianta, Matteo Lucchese

Mario Pianta

Tackling The Undeclared Economy In Bulgaria: A Baseline Assessment, Rositsa Dzhekova, Colin C. Williams

Colin C Williams

No abstract provided.

Recapturing The American Dream: Meeting The Challenges Of The Bay State's Lost Decade, Andrew M. Sum, Ishwar Khatiwada, Joseph Mclaughlin, Mykhaylo Trubskyy, Sheila Palma

Andrew Sum

No abstract provided.

Recapturing The American Dream: Meeting The Challenges Of The Bay State's Lost Decade, Andrew M. Sum, Ishwar Khatiwada, Joseph Mclaughlin, Mykhaylo Trubskyy, Sheila Palma

Ishwar Khatiwada

No abstract provided.

Recapturing The American Dream: Meeting The Challenges Of The Bay State's Lost Decade, Andrew M. Sum, Ishwar Khatiwada, Joseph Mclaughlin, Mykhaylo Trubskyy, Sheila Palma

Sheila Palma

No abstract provided.

The Plight Of The Kimberley: Jobs Or Culture?, Stuart Murray

Stuart Murray

No abstract provided.

The Universal Savings Credit, Christian Weller, Sam Ungar

Christian Weller

The financial crisis of 2007 to 2009 took a tremendous toll on household wealth and shattered the sense of financial security for millions of American families. American households lost more than $20 trillion in wealth (in 2012 dollars) in the Great Recession, and households still had $10 trillion less in wealth at the end of 2012 than they had before the crisis. This massive wealth decline contributed to a widespread loss of economic security, particularly among lower-income and moderate-income families, single women, and communities of color. This economic insecurity can have long-ranging adverse effects on U.S. economic growth as American …