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Full-Text Articles in Economics

The State Of The Region: Hampton Roads 2016, James V. Koch, Vinod Agarwal, Christopher B. Colburn, Vicky Curtis, Steve Daniel, Larry "Chip" Filer, Timothy Komarek, Feng Lian, Sharon Lomax, Wolfgang Mairinger, Alice Mcadory, Robert Mcnab, Janet Molinaro, Lisa Suhay Oct 2016

The State Of The Region: Hampton Roads 2016, James V. Koch, Vinod Agarwal, Christopher B. Colburn, Vicky Curtis, Steve Daniel, Larry "Chip" Filer, Timothy Komarek, Feng Lian, Sharon Lomax, Wolfgang Mairinger, Alice Mcadory, Robert Mcnab, Janet Molinaro, Lisa Suhay

Economics Faculty Books

This is Old Dominion University's 17th annual State of the Region report. While it represents the work of many people connected in various ways to the university, the report does not constitute an official viewpoint of Old Dominion or it's president, John R. Broderick. The report maintains the goal of stimulating thought and discussion that ultimately will make Hampton Roads an even better place to live. We are proud of our region's many successes, but realize that it is possible to improve our performance. In order to do so, we must have accurate information about "where we are" and a …


Part 5: The Lesbian, Gay, Bisexual, Transgender And Queer Community In Hampton Roads, Center For Economic Analysis And Policy, Old Dominion University Jan 2016

Part 5: The Lesbian, Gay, Bisexual, Transgender And Queer Community In Hampton Roads, Center For Economic Analysis And Policy, Old Dominion University

State of the Region Reports: Hampton Roads

A 2012-2014 Gallup Poll reported that 4.4 percent of the population of Hampton Roads is LGBTQ in orientation. Available data suggest that LGBTQ women fare relatively better economically speaking than LGBTQ men. Norfolk and Virginia Beach are viewed as the region’s friendliest cities for members of the LGBTQ community.


Part 1: Life In The Slower Lane: The Hampton Roads Economy, Center For Economic Analysis And Policy, Old Dominion University Jan 2016

Part 1: Life In The Slower Lane: The Hampton Roads Economy, Center For Economic Analysis And Policy, Old Dominion University

State of the Region Reports: Hampton Roads

Our regional economy is on track in 2016 to record a “real” (after inflation) economic growth rate of only 1.20 percent – well below our 2.60 percent average economic growth rate over the past 30 years. We have yet to recover all of the jobs we lost in the Great Recession. The outlook for 2017 is not much better.


Part 2: The Hotel Industry: The United States, Virginia, And Hampton Roads, Center For Economic Analysis And Policy, Old Dominion University Jan 2016

Part 2: The Hotel Industry: The United States, Virginia, And Hampton Roads, Center For Economic Analysis And Policy, Old Dominion University

State of the Region Reports: Hampton Roads

Since 2000, hotel revenue as a percentage of personal income has declined in Virginia and Hampton Roads. Declining federal spending is the primary reason.


Part 4: The Rise Of Single-Earner Households In Virginia: Why It Matters, Center For Economic Analysis And Policy, Old Dominion University Jan 2016

Part 4: The Rise Of Single-Earner Households In Virginia: Why It Matters, Center For Economic Analysis And Policy, Old Dominion University

State of the Region Reports: Hampton Roads

Almost one-third of all households in Hampton Roads are “nonfamily,” in the sense that they are not headed by two married individuals. More than 40 percent of all births now occur out of wedlock and the number of older single people has skyrocketed. Both public and private programs and policies have not kept pace with these developments and are in need of revision.


Part 3: Prisons And Prisoners: The Virginia Way And The Alternatives, Center For Economic Analysis And Policy, Old Dominion University Jan 2016

Part 3: Prisons And Prisoners: The Virginia Way And The Alternatives, Center For Economic Analysis And Policy, Old Dominion University

State of the Region Reports: Hampton Roads

Virginia imprisons large numbers of people; this is expensive. Economic analysis suggests that we would save money if we did not imprison so many people, redefined what constitutes a felony and gave more attention to preparing prisoners for re-entry into society.


Part 6: Will Robots Take Your Job? A Look At Virginia's Opportunities And Vulnerabilities, Center For Economic Analysis And Policy, Old Dominion University Jan 2016

Part 6: Will Robots Take Your Job? A Look At Virginia's Opportunities And Vulnerabilities, Center For Economic Analysis And Policy, Old Dominion University

State of the Region Reports: Hampton Roads

A recent study suggested that 47 percent of all jobs in the United States are at risk of being eliminated by automation. The jobs most vulnerable are those that involve repetitive tasks and relatively little judgment. Those holding these jobs can be replaced by robots or machines utilizing artificial intelligence.


Part 1: The Virginia Economy In Transition, Center For Economic Analysis And Policy, Old Dominion University Jan 2016

Part 1: The Virginia Economy In Transition, Center For Economic Analysis And Policy, Old Dominion University

State of the Commonwealth Reports

The Commonwealth is experiencing relatively slow economic growth as it gradually transitions from an economy highly dependent upon federal spending to one that still involves a substantial federal presence, but also more value-added private-sector activities, entrepreneurial ventures and participation in international trade.


Part 5: Broadband In Virginia: Vital For Economic Development, Center For Economic Analysis And Policy, Old Dominion University Jan 2016

Part 5: Broadband In Virginia: Vital For Economic Development, Center For Economic Analysis And Policy, Old Dominion University

State of the Commonwealth Reports

Up to 70 percent of the world’s internet traffic flows through Northern Virginia, but some areas of the Commonwealth still do not enjoy broadband internet connections. Robust broadband access now is as important as roads, bridges and airports in terms of economic development and population growth.


Part 8: Liberty University: A Higher Education Phenomenon, Center For Economic Analysis And Policy, Old Dominion University Jan 2016

Part 8: Liberty University: A Higher Education Phenomenon, Center For Economic Analysis And Policy, Old Dominion University

State of the Commonwealth Reports

Christian-centered Liberty University has a combined on-campus and online enrollment of more than 100,000 students and has accumulated an endowment of $1.4 billion. The university’s long-term aspiration is to be considered in the same breath as Notre Dame is for Roman Catholics and Brigham Young is for Mormons.


Part 2: Northern Virginia: Turning The Corner?, Center For Economic Analysis And Policy, Old Dominion University Jan 2016

Part 2: Northern Virginia: Turning The Corner?, Center For Economic Analysis And Policy, Old Dominion University

State of the Commonwealth Reports

NOVA now accounts for 37 percent of all employment in Virginia, but approximately 45 percent of the value of the Commonwealth’s economic activity. Recent growth in professional and business services employment suggests that the region may have turned the corner toward a more diverse, private sector-oriented economy.


Part 3: The Hotel Industry In The Commonwealth, Center For Economic Analysis And Policy, Old Dominion University Jan 2016

Part 3: The Hotel Industry In The Commonwealth, Center For Economic Analysis And Policy, Old Dominion University

State of the Commonwealth Reports

Over the past quarter-century, the hotel industry has become a relatively less important part of the Virginia economy. Occupancy rates have yet to recover to prerecession levels and price-adjusted hotel revenue and revenue per available room in 2015 similarly were below their previous peaks.


Part 4: Will Robots Take Your Job? A Look At Virginia's Opportunities And Vulnerabilities, Center For Economic Analysis And Policy, Old Dominion University Jan 2016

Part 4: Will Robots Take Your Job? A Look At Virginia's Opportunities And Vulnerabilities, Center For Economic Analysis And Policy, Old Dominion University

State of the Commonwealth Reports

A recent study found that 47 percent of all current jobs are susceptible to loss because of automation and the use of artificial intelligence. The key to a worker’s job vulnerability relates primarily to whether that worker is engaged in repetitive work that can be replicated by a machine or software using artificial intelligence.


Part 6: Stock Car Racing In Virginia: The Sport And The Business, Center For Economic Analysis And Policy, Old Dominion University Jan 2016

Part 6: Stock Car Racing In Virginia: The Sport And The Business, Center For Economic Analysis And Policy, Old Dominion University

State of the Commonwealth Reports

In addition to its nationally prominent Bristol Motor Speedway and Richmond International Speedway, the Commonwealth hosts nine other racetracks, five dirt tracks and eight drag racing strips. While still a very important economic phenomenon, attendance and revenue data suggest that stock car racing has passed its peak of popularity.


Part 7: The Rise Of Single-Earner Households In Virginia: Why It Matters, Center For Economic Analysis And Policy, Old Dominion University Jan 2016

Part 7: The Rise Of Single-Earner Households In Virginia: Why It Matters, Center For Economic Analysis And Policy, Old Dominion University

State of the Commonwealth Reports

Forty-seven percent of all households in Virginia now are headed by one or more single individuals and these households include all adult age groups. Nevertheless, our current legal and regulatory structure continues to focus on “Ozzie and Harriet” households.


Part 7: Traffic Congestion In Hampton Roads: Myths And Realities, Center For Economic Analysis And Policy, Old Dominion University Jan 2016

Part 7: Traffic Congestion In Hampton Roads: Myths And Realities, Center For Economic Analysis And Policy, Old Dominion University

State of the Region Reports: Hampton Roads

Sixty-five percent of job holders in Hampton Roads cross a city or county boundary when they go to work. Many encounter traffic congestion as they do so, but the level of this congestion has increased only modestly in recent years. Major road improvements seldom change this situation very much because drivers soon redistribute themselves in response to the improvements.