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Full-Text Articles in Economics
Part 1: The Hampton Roads Economy Midway Through The Decade, Regional Studies Institute, Old Dominion University
Part 1: The Hampton Roads Economy Midway Through The Decade, Regional Studies Institute, Old Dominion University
State of the Region Reports: Hampton Roads
Our regional economy continues to perform better than the Commonwealth of Virginia and the nation. The 2000-2004 time period is the best five year time period our region has experienced since 1969. Employment increased four times as rapidly as national employ-ment and we experienced significant job growth in scientific, technical and information technology occupations—-something that has largely eluded us in the past. Defense expenditures increasingly dominate the region’s economy and account for about 75 percent of all recent growth. However, the BRAC process could throw a huge wrench into this prosperity. If all BRAC recommendations, including the closure of Oceana, …
Part 2: Is There A Housing Price Bubble In Hampton Roads?, Regional Studies Institute, Old Dominion University
Part 2: Is There A Housing Price Bubble In Hampton Roads?, Regional Studies Institute, Old Dominion University
State of the Region Reports: Hampton Roads
While housing prices increased 40 percent in Hampton Roads (after inflation) during the past decade, most of this increase can be attributed to improved eco-nomic fundamentals such as lower interest rates, increased incomes, Department of Defense housing incentives and more cautious building policies by area developers. Hence, we do not have the kind of housing price bubble that currently exists in cities such as San Diego, San Francisco and Boston, and the state of Florida. We may face some future price adjustments, but they are not likely to be wrenching.
Part 6: The Race To The Bottom Of The Bay: Boat Taxes In Hampton Roads, Regional Studies Institute, Old Dominion University
Part 6: The Race To The Bottom Of The Bay: Boat Taxes In Hampton Roads, Regional Studies Institute, Old Dominion University
State of the Region Reports: Hampton Roads
Over the past decade, the region’s cities and counties have diminished the taxes they assess on boats so much that in several cities (for example, Virginia Beach), boat taxes in essence no longer exist. We show that all jurisdictions in Hampton Roads have suffered due to the reduced tax revenue and that the low-tax strategy has not attracted more boats from other regions, as intended. While boat taxes are unpopular and difficult to collect, Hampton Roads appears to have shot itself in the foot.
Part 7: Unrealized Potential: High Technology In Hampton Roads, Regional Studies Institute, Old Dominion University
Part 7: Unrealized Potential: High Technology In Hampton Roads, Regional Studies Institute, Old Dominion University
State of the Region Reports: Hampton Roads
On the face of it, Hampton Roads ought to be a technological powerhouse because of the high-level federal research facilities and defense installations located in the area, plus a higher education community of considerable size. Yet, while we can claim the second-greatest technological development of any region in the Commonwealth, we are a very distant second to Northern Virginia and have never realized our potential. Future prosperity in technology is tied to developing the modeling and simulation industry that has sprouted primarily in Suffolk, stimulating Eastern Virginia Medical School’s potential in conjunction with Old Dominion University and vastly increasing support …