Economics Commons^™

The State Of The Region: Hampton Roads 2004, James V. Koch, Shweta Agarwal, Vinod Agarwal, Monisha Basnet, Joshua Behr, John R. Broderick, Ben Card, Michael Clemons, Chris Colburn, Vicky Curtis, Steve Daniel, Jeffrey Harlow, Susan Hughes, Enrique Inclan, Kristine Karlsen, Jayme Lackore, Sharon Lomax, Janet Molinaro, Kenneth Plum, Lee Teply, Shara Weber, Gilbert Yochum

Economics Faculty Books

This is Old Dominion University's fifth 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, Dr. Roseann Runte.

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 …

Three Essays On Real Estate Investment Trusts, Yan Lin

Theses and Dissertations in Business Administration

This dissertation includes three essays that study on Real Estate Investment Trusts (REITs). The first essay examines the shape of market demand curve by employing REIT equity fund flows as a proxy for REIT aggregate demand. An empirical framework is introduced to disentangle the price-pressure effect and the information effect. We do not find evidence for the price-pressure effect, which states that REIT equity fund flows directly affect REIT market prices. Instead, we find that the performance of REIT market prices does influence REIT equity fund flows. The results indicate that investors adjust their demand for REITs by investigating and …

Front Matter: The State Of The Region: Hampton Roads 2004, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

Cover, front matter, table of contents, and other materials for the 2004 The State of the Region report authored by the Regional Studies Institute at Old Dominion University

Part 2: How Do We Compare? Hampton Roads Versus Other Regions, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

Per capita income in Hampton Roads has been rising and, after we factor in the cost of living, now is about 6 percent above the national average. This is a startling reversal from the late 1990s when the region was well below the national average. Housing prices here continue to be lower than the national average, as is our overall cost of living. Our air is cleaner than the national average and we rate high in terms of cultural amenities, but founder with regard to several measures of educational attainment.

Part 4: The Virginia Symphony Orchestra: The Valiant Struggles Of A Cultural Jewel, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

The Virginia Symphony Orchestra (VSO) ranks well when compared to orchestras in regions of similar size and wealth, and in maestro JoAnn Falletta boasts a distinguished musical director. However, the symphony has accumulated a debt of approximately $2 million. Determined fund raising may reduce this debt, but the VSO’s ultimate challenge is to attract a larger and more diverse clientele. If it does not, it could join a half dozen other regional orchestras throughout the country that recently have been forced to contract significantly or even declare bankruptcy.

Part 1: The Regional Economy Continues To Excel, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

In 2004, the Hampton Roads economy will grow about 4.7 percent, the highest rate since 1987. Almost three-quarters of this growth is due to increased expenditures within the region by the Department of Defense. This illustrates the relative importance of defense expenditures in our regional economy.

Part 3: What Do We Believe? How Hampton Roads Residents View Their World, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

We report the results of a stratified, random poll of 1,189 Hampton Roads residents. They believe that traffic congestion and crime are the most important problems facing the region. For the first time, we develop a Quality of Life Index for Hampton Roads and its individual cities and counties. Not surprisingly, we’re not all equally satisfied, and several interesting differences between cities are apparent.

Part 6: The Role And Influence Of African American Legislators From Hampton Roads, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

African Americans comprise more than three of every 10 residents of Hampton Roads. Only recently, however, has this population translated into a large number of elected representatives in the Virginia General Assembly. This year, there are eight elected African American legislators in Richmond who claim Hampton Roads as their home. We explore their power and influence, noting that many do not yet possess the seniority to wield extensive influence. All eight legislators are Democrats and serve in a statehouse dominated by Republicans.

Part 5: Electricity Deregulation: What Impact Will It Have On Hampton Roads?, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

The Virginia General Assembly has voted to deregulate electricity in Virginia, but has delayed critical parts of this process until 2010 at the earliest. Recently, the General Assembly seems to have lost some of its stomach for deregulation. Nationally, deregulation usually is associated with lower electricity prices; however, there are notable exceptions. Virginia’s electricity prices currently are not high by national standards.