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Full-Text Articles in Economics

Part 7: The Answer Is Always "Yes": How Our Cities Repeatedly Ignore The Evidence And Choose To Construct Unprofitable And Unneeded New Convention And Hotel Capacity, Regional Studies Institute, Old Dominion University Jan 2014

Part 7: The Answer Is Always "Yes": How Our Cities Repeatedly Ignore The Evidence And Choose To Construct Unprofitable And Unneeded New Convention And Hotel Capacity, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

In a related chapter, we point out that our cities persistently ignore available evidence and choose to provide large financial subsidies for arenas, stadiums, convention centers and hotels.


Part 4: Homeless Children In Hampton Roads: Estimating The Costs To Society, Regional Studies Institute, Old Dominion University Jan 2014

Part 4: Homeless Children In Hampton Roads: Estimating The Costs To Society, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

More than 22 percent of homeless people are children under age 18. We focus on the work of the organization ForKids Inc. as a way to estimate these costs and benefits of homelessness to society.


Part 2: Mixed Signals: Migration Data And Regional Economic Vitality, Regional Studies Institute, Old Dominion University Jan 2014

Part 2: Mixed Signals: Migration Data And Regional Economic Vitality, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

Between 2010 and 2013, our region experienced net out-migration, after taking account of births and deaths. We are, however, attracting many new immigrants from abroad.


Part 6: Economic Development Incentives: Compteting Against Ourselves, Regional Studies Institute, Old Dominion University Jan 2014

Part 6: Economic Development Incentives: Compteting Against Ourselves, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

Is the time-honored strategy of providing financial incentives to attract new firms the most productive way for our region to proceed, or instead should we be looking at alternatives such as “gardening” existing firms and creating “innovation districts”?


Front Matter: The State Of The Region: Hampton Roads 2014, Regional Studies Institute, Old Dominion University Jan 2014

Front Matter: The State Of The Region: Hampton Roads 2014, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

Cover, front matter, table of contents, sponsors, and other materials for the 2014 The State of the Region report authored by the Regional Studies Institute at Old Dominion University


Part 5: The Impact Of Vehicle Tolls On Hampton Roads: Job Mobility, Residential Living Choices And Regional Cohesion, Regional Studies Institute, Old Dominion University Jan 2014

Part 5: The Impact Of Vehicle Tolls On Hampton Roads: Job Mobility, Residential Living Choices And Regional Cohesion, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

This was one of the hottest topics in Hampton Roads this past year and we analyze the probable effects of those tolls on our region.


Part 3: Megachurches In Hampton Roads, Regional Studies Institute, Old Dominion University Jan 2014

Part 3: Megachurches In Hampton Roads, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

There are 14 “megachurches” in Hampton Roads and each enjoys an average attendance in excess of 2,000 weekly. They are redefining organized religion in our region.


Part 1: Rebounding, Albeit Slowly, Regional Studies Institute, Old Dominion University Jan 2014

Part 1: Rebounding, Albeit Slowly, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

In a nutshell, our regional economy continues to recover, but still has not regained the jobs lost in the 2008 recession.


Life In Hampton Roads Survey Press Release #2: A Tale Of Many Cities: Economy, Crime, And Politics, Social Science Research Center, Old Dominion University Jan 2014

Life In Hampton Roads Survey Press Release #2: A Tale Of Many Cities: Economy, Crime, And Politics, Social Science Research Center, Old Dominion University

Life in Hampton Roads Survey Report

This report examines regional and sub-regional measures of economy, crime, and politics perceptions from the 2014 Life In Hampton Roads survey (LIHR 2014) conducted by the Old Dominion University Social Science Research Center.


Intermediate Inputs And External Economies, Haiwen Zhou Jan 2014

Intermediate Inputs And External Economies, Haiwen Zhou

Economics Faculty Publications

Is the degree of external economies (at the industry level) higher than the degree of internal increasing returns (at the firm level)? If so, what is the exact source of this difference? In the general equilibrium model in which firms producing final goods choose the degree of specialization of their technologies, external economies arise from the usage of intermediate inputs and the existence of internal increasing returns. It is frequently assumed that increasing returns are absent at the firm level while present at the industry level. In this model, the existence of increasing returns at the firm level is necessary …


International Trade With Increasing Returns In The Transportation Sector, Haiwen Zhou Jan 2014

International Trade With Increasing Returns In The Transportation Sector, Haiwen Zhou

Economics Faculty Publications

In this general equilibrium framework, the transportation sector is modeled as a distinct sector with increasing returns. A more advanced technology has a higher fixed cost but a lower marginal cost of production. Even with both manufacturing firms and transportation firms engaged in oligopolistic competition and optimally choosing their technologies, the model is tractable and results are derived analytically. Technology adoptions in the manufacturing sector and transportation sector are reinforcing, and multiple equilibria may exist. Firms choose more advanced technologies and the prices decrease when the size of the population is larger.