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Full-Text Articles in Economics
Part 2: The Pillars Of The Hampton Roads Economy Remain Strong, Dragas Center For Economic Analysis And Policy, Old Dominion University
Part 2: The Pillars Of The Hampton Roads Economy Remain Strong, Dragas Center For Economic Analysis And Policy, Old Dominion University
State of the Region Reports: Hampton Roads
Hampton Roads is a region rich with assets – a talented and diverse labor force, a distinctive role in the national security of the nation, a deep-water port that continues to set records, and beaches and amenities that attract visitors from near and far. The region’s economic performance is closely aligned with these assets. Defense spending, the Port of Virginia, and the hospitality and tourism industry are often referred to as the “Three Pillars” of the Hampton Roads economy – pillars that have continued to perform well in the aftermath of the economic shock of 2020. In this chapter, we …
Part 1: Inflation, Drones, And The Economy Of Hampton Roads, Dragas Center For Economic Analysis And Policy, Old Dominion University
Part 1: Inflation, Drones, And The Economy Of Hampton Roads, Dragas Center For Economic Analysis And Policy, Old Dominion University
State of the Region Reports: Hampton Roads
2022 may be characterized as the “best of times and worst of times.” Unemployment continued to fall, wages continued to rise, and homeowners experienced rises in property values. Hotels continued to rebound from the COVID-19 economic shock and the Port of Virginia experienced record volumes of cargo traffic. On the other hand, prices at the grocery store, gas station, and, it seems, almost everywhere else, continued to rise. Employers struggled to find the right employees at the right time and economic sentiment soured. Russia’s invasion of Ukraine highlighted the continuing revolution in military affairs brought about by drones and other …
Part 1: Inflation, Uncertainty, And Volatility Undermine Virginia's Recovery, Dragas Center For Economic Analysis And Policy, Old Dominion University
Part 1: Inflation, Uncertainty, And Volatility Undermine Virginia's Recovery, Dragas Center For Economic Analysis And Policy, Old Dominion University
State of the Commonwealth Reports
If the story of 2020 was the pandemic and the tale of 2021 was the recovery, then rising inflation and interest rates dominated the narrative of 2022. The economic recovery remained incomplete, with jobs returning to pre-pandemic levels but some Virginians remaining outside the labor force. Now, with the possibility of a recession in 2023 looming, we ask how Virginia fared over the last 12 months and what are the prospects for future growth?
Part 1: Is It Morning Again In Hampton Roads?, Dragas Center For Economic Analysis And Policy
Part 1: Is It Morning Again In Hampton Roads?, Dragas Center For Economic Analysis And Policy
State of the Region Reports: Hampton Roads
The three pillars of our regional economy (defense, the port and tourism) have improved and prospects for growth are looking up. We ask whether Hampton Roads has finally emerged from a “lost decade” and if the future is bright.
Part 1: We May Have Turned The Economic Corner, Center For Economic Analysis And Policy, Old Dominion University
Part 1: We May Have Turned The Economic Corner, Center For Economic Analysis And Policy, Old Dominion University
State of the Region Reports: Hampton Roads
The outlook for increased regional economic growth has improved. Each of the major building blocks of our regional economy (defense, the Port, tourism) has gained momentum and our housing market continues to show slow, but steady improvement.
Part 1: Life In The Slower Lane: The Hampton Roads Economy, Center For Economic Analysis And Policy, Old Dominion University
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 1: Running In Place? Our "So-So" Regional Economy, Center For Economic Analysis And Policy, Old Dominion University
Part 1: Running In Place? Our "So-So" Regional Economy, Center For Economic Analysis And Policy, Old Dominion University
State of the Region Reports: Hampton Roads
2015 has been another “Goldilocks” year – not too hot, not too cold – economically speaking. We grew faster than the rest of Virginia, but slower than the U.S. It appears that 2016 will reprise this scenario.
Part 3: Digging Deeper: A Closer Look At Defense Spending In Virginia, Center For Economic Analysis And Policy, Old Dominion University
Part 3: Digging Deeper: A Closer Look At Defense Spending In Virginia, Center For Economic Analysis And Policy, Old Dominion University
State of the Commonwealth Reports
An estimated 11.8 percent of Virginia’s GDP depends upon defense spending. An important part of this are the contracts awarded to Virginia businesses by the Department of Defense. Two regions – Northern Virginia and Hampton Roads – account for 86 percent of these contracts.
Part 1: Rebounding, Albeit Slowly, Regional Studies Institute, Old Dominion University
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.
Part 1: It Could Have Been (Much) Worse, Regional Studies Institute, Old Dominion University
Part 1: It Could Have Been (Much) Worse, Regional Studies Institute, Old Dominion University
State of the Region Reports: Hampton Roads
Sequestration, it turns out, did not damage our regional economy nearly as much as originally anticipated. Unfortunately, some daunting economic challenges still loom on the horizon.
Part 1: Gathering Steam: The Regional Economy Recovers (Slowly), Regional Studies Institute, Old Dominion University
Part 1: Gathering Steam: The Regional Economy Recovers (Slowly), Regional Studies Institute, Old Dominion University
State of the Region Reports: Hampton Roads
We continue to do better than the nation, but our regional economic recovery has been slow. The port, regional tourism and residential housing have yet to regain the ground they lost during the recession and the outlook for defense spending is hazardous.
Part 1: Putt, Putting Along: Our Regional Economy, Regional Studies Institute, Old Dominion University
Part 1: Putt, Putting Along: Our Regional Economy, Regional Studies Institute, Old Dominion University
State of the Region Reports: Hampton Roads
We’re doing better than the nation, but seem to be stuck in neutral. The port, regional tourism and residential housing have yet to regain the ground they lost during the recession and the outlook for defense spending is uncertain.
Part 1: The Regional Economy Continues To Excel, Regional Studies Institute, Old Dominion University
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.