Economics Commons^™

At The Hands Of Fate: The Political Economy Of Islamic Insurance In Indonesia, Malaysia, And Pakistan, C. 1980 To The Present, Muhammad S. Rahman

Graduate Program in International Studies Theses & Dissertations

Why have Islamic insurance systems developed well in some countries, but not in others? Malaysia is considered as Islamic insurance elite due to its relatively large number of operators it houses as well as the sustained growth of Islamic insurance sales within the country, while Indonesia and Pakistan are still in early stages of development. Analyzing the political and social history of Islamization of insurance systems in these three Muslim majority countries in Asia since 1980s, this dissertation demonstrates the development gap between these countries on Islamic insurance results from; firstly, complex bargains made between various groups within each country …

Support For And Behavioral Responses To Tolls: Insights From Hampton Roads, Virginia, Juita-Elena Wie Yusuf, Khairul Azfi Anuar, Lenahan L. O'Connell, David Chapman, Donta Council, Tancy Vandecar-Burdin, Meagan M. Jordan

School of Public Service Faculty Publications

This chapter analyzes the experiences with tolling in the Hampton Roads region of Southeastern Virginia to better understand residents' and drivers' support for tolls and behavioral responses to tolls. The Hampton Roads region, with its population of 1.7 million and extensive network of highways, roads, bridges, and tunnels, has a long history of toll facilities that date back to the 1920s. The most recent tunnel tolls, associated with the Elizabeth River Crossing Project and introduced in February 2014, are the focus of this chapter. This chapter analyzes two sets of survey data to provide insights that have implications for policies …

2019 State Of The Commonwealth Report, Vinod Agarwal, Barbara Blake, Ethan Crouson, Steve Daniel, Addie Gregory, Nikki Johnson, James V. Koch, Tim Komarek, Feng Lian, Sharon Lomax, Janet Molinaro, Bailey Park, Terry Park, Jay Walker, Hannah White

State of the Commonwealth Reports

This is Old Dominion University’s fifth annual State of the Commonwealth 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, its president, John R. Broderick, the Board of Visitors, the Strome College of Business or the generous donors who support the activities of the Dragas Center for Economic Analysis and Policy.

While the enthusiasm we have for our work remains high, it has been dampened by the recent passing of George Dragas, the individual most responsible for perceiving the need for an …

Front Matter: The State Of The Region: Hampton Roads 2019, Dragas Center For Economic Analysis And Policy, Old Dominion University

State of the Region Reports: Hampton Roads

Cover, front matter, table of contents, sponsors, and other materials for the 2019 The State of the Region report authored by Center for Economic Analysis and Policy at Old Dominion University

Part 2: 420 In The 757: Marijuana And Hampton Roads, Dragas Center For Economic Analysis And Policy

State of the Region Reports: Hampton Roads

More than 30 states permit the personal use of marijuana for medical purposes and 11 states have legalized the possession of small amounts of marijuana for personal use. Over 50 percent of Americans have used marijuana in their lifetimes and young adults in Hampton Roads use it at a higher rate than their peers in all other regions of the Commonwealth. We take a look at how a change in the status of marijuana could affect Hampton Roads.

Part 1: Full Speed Ahead: The Regional Economy Continues To Improve, Dragas Center For Economic Analysis And Policy

State of the Region Reports: Hampton Roads

For the first time in a decade, the Hampton Roads economy is poised to grow for the third straight year. Unemployment has declined, incomes have increased and output has risen. Increases in defense spending, tourism, and education and health services have fueled our recent growth. Yet, there are storm clouds on the horizon. How long can the good times last?

Part 4: The State Of Soccer In Hampton Roads, Dragas Center For Economic Analysis And Policy

State of the Region Reports: Hampton Roads

The "beautiful game" is thriving in Hampton Roads. Two new professional soccer teams now play in the region and thousands of children, teenagers and young adults play on pitches from Williamsburg to Virginia Beach. We look at the demographics of soccer, how the model of youth sports has changed in America and the prospects of growth in the coming years.

Part 6: The Economic Impact Of A Hurricane On Hampton Roads, Dragas Center For Economic Analysis And Policy

State of the Region Reports: Hampton Roads

In 1821, a Category 3 hurricane made landfall in Hampton Roads, flooding Norfolk before moving on to New York City. What would be the impact of a similar hurricane today on the region's economy? We find that a major hurricane would cause almost $20 billion in property damage, create more than 2 million tons of debris and reduce economic output by over $20 billion in the first year following landfall.

Part 5: Can Defense Save Us?, Dragas Center For Economic Analysis And Policy

State of the Region Reports: Hampton Roads

Sequestration is blamed for many of our region's problems. In this chapter, we assess what would have happened to the Hampton Roads economy if sequestration had never occurred. We compare the impact of sequestration with the drawdown from the Cold War. We ask whether it is time to prepare for the next downturn in defense spending.

The State Of The Region: Hampton Roads 2019, Dragas Center For Economic Analysis And Policy, Old Dominion University, Vinod Agarwal, Barbara Blake, Ethan Crouson, Steve Daniel, Addie Gregory, William Heffelfinger, Saloni Jain, Elizabeth Janik, Nikki Johnson, Kiran Karande, James V. Koch, Timothy M. Komarek, Feng Lian, Sharon Lomax, George Mcleod, Janet Molinaro, Brendan O'Hallarn, Bailey Park, Emily Steinhilber, Jay Walker, Hannah White, Robert M. Mcnab

State of the Region Reports: Hampton Roads

[From the introductory material]

This is Old Dominion University’s 20th 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, its president, John R. Broderick, the Board of Visitors, the Strome College of Business or the generous donors who support the activities of the Dragas Center for Economic Analysis and Policy.

While the enthusiasm we have for our work remains high, it has been dampened by the recent passing of George Dragas, the individual most responsible for perceiving …

Life In Hampton Roads Survey Press Release #2: Economic Conditions And Perceptions Of Employment, Social Science Research Center, Old Dominion University

Life in Hampton Roads Survey Report

[Introductory paragraph]

Survey respondents were asked to rate the economic conditions in Hampton Roads today. The percentage of respondents who feel the economy is doing ‘excellent’ remains fairly steady at 6.6 percent (7.4% in 2018). On the other hand, the percent rating the economy as poor since 2015 has been on the rise, increasing from 6.8% to 10.9%. There is a relatively even split this year when combining responses for “excellent/good” (49.9%) and “fair/poor” (48.4%).

Part 2: Virginia's Metropolitan Areas: Moving Forward, Center For Economic Analysis And Policy, Old Dominion University

State of the Commonwealth Reports

Many indicators of economic performance suggest that the Commonwealth’s metropolitan areas grew in 2018 and into 2019. Unemployment is below 3% across Virginia’s metros, and average wages have risen over the last three years. Compared to 2015, the metros are in a better place today but there are storm clouds on the horizon.

Part 3: The Virginia Retirement System: Assessing Its Challenges And Charting Its Future, Dragas Center For Economic Analysis And Policy, Old Dominion University

State of the Commonwealth Reports

The Virginia Retirement System (VRS) manages the assets in the Commonwealth’s public employee retirement systems. The available evidence suggests that the VRS has been well managed and has outperformed many other state pension funds. We evaluate the VRS’s performance and suggest changes that could enable it to lower its costs even while improving its rate of return.

Front Matter- 2019 State Of The Commonwealth Report, Center For Economic Analysis And Policy, Old Dominion University

State of the Commonwealth Reports

Cover, front matter, table of contents, sponsors, and other materials for the 2019 State of the Commonwealth Report authored by the Center for Economic Analysis and Policy at Old Dominion University.

Part 3: Mind The Gap: Women's Leadership In Hampton Roads, Dragas Center For Economic Analysis And Policy

State of the Region Reports: Hampton Roads

We examine whether there is a leadership gap between women and men in Hampton Roads. While a gap in earnings can be explained partly by occupational choice, part-time versus full-time employment and the risks of certain occupations, there remains the challenge of women being able to ascend to the higher levels of their chosen profession. We explore the extent of the leadership gap in our region and discuss what can be done to narrow it.

Coordination Costs, Market Size, And The Choice Of Technology, Haiwen Zhou

Economics Faculty Publications

Impact of coordination costs and market size on a firm’s choice of technology is studied in a general equilibrium model in which firms engage in oligopolistic competition. A firm establishes an organizational hierarchy to coordinate its production. First, it is shown that an increase in market size leads a firm to choose a more specialized technology. Second, surprisingly, a robust result is that an increase in the level of coordination efficiency leads a firm to choose a less specialized technology.

Natural Resources Governance Employing Blockchain-Based Decision-Making, Farinaz Sabz Ali Pour, Adrian Gheorghe

Engineering Management & Systems Engineering Faculty Publications

Natural resources are essential structures of socio-economic systems which shape the well-being of humanity, environment, and the economy. Human actions have become the critical responsibility for environmental changes and pressuring many planetary boundaries. Having a systematic approach can provide a governance platform including the inherent characteristics of the resource, the historically established form of use, and transaction costs. A natural resource governance framework is developed by applying Blockchain technology as the primary goal of this study to regulate and manage the extraction and trades. Blockchain technology provides a distributed concurrency monitoring system for sustainable resource management. Persistent and pervasive cooperation …

Part 5: Federal Spending In The Commonwealth: A Primer, Dragas Center For Economic Analysis And Policy, Old Dominion University

State of the Commonwealth Reports

In fiscal year 2018, federal government awards in Virginia totaled $109 billion, or $12,866 per Virginian. The Commonwealth’s economy is fueled, for better or worse, by spending decisions in the halls of Congress and the White House. We explore how the federal government spends money in Virginia and highlight procurement spending in the state’s metropolitan areas. We also look back at the impact of the Budget Control Act of 2011 on the economies of Northern Virginia and Hampton Roads.

Part 4: Marijuana In Virginia, Dragas Center For Economic Analysis And Policy, Old Dominion University

State of the Commonwealth Reports

Over 30 states permit the personal use of marijuana for medical purposes and more than 10 states have legalized the possession of small amounts for personal use. With increasing calls in Virginia for the decriminalization or legalization of small amounts of marijuana, we examine who uses the substance, who is being arrested for possession or use, and what the revenue impact might be if marijuana were legalized in the Commonwealth.

Part 1: Virginia's Growth Improves In Uncertain Times, Center For Economic Analysis And Policy, Old Dominion University

State of the Commonwealth Reports

Virginia’s economy is poised to grow for the fifth consecutive year. The number of jobs and people employed set new records in the summer of 2019 and CNBC recently ranked the Commonwealth as the most business-friendly state in the country. However, increasing economic uncertainty threatens the promise of a bright start to the coming decade. We assess the performance of the Virginia economy and ask what the future holds.

The Role Of Brand Love: Application Of The Hierarchy Of Effects Model, Dooyoung Choi, Tae-Im Han

STEMPS Faculty Publications

Understanding the attributes that build consumer loyalty is particularly critical to fashion companies due to the prevalence of alternatives in the market with low switching costs. The significance of this study is extending the knowledge on the role of brand love using the hierarchy of effects model in the context of fashion consumer behaviors. A questionnaire in which participants provided self-reported responses was created to measure the constructs. A two-step approach, a measurement and a structural model was used for the statistical analysis. The results indicated that consumers who know more about the fashion brands are more likely to have …