Economics Commons^™

Proposed Charlotte To Atlanta High-Speed Passenger Rail Line: An Economic, Infrastructural, And Developmental Analysis In The Upstate Of South Carolina, Ian C. Macurda, Kimberly Whitehead

SC Upstate Research Symposium

This research paper is an in-depth analysis of the high-speed passenger rail line proposed between Charlotte, NC and Atlanta, GA and its impact on the economy, infrastructure, and future development of the Upstate of South Carolina. Currently, passenger rail service between Charlotte and Atlanta is offered on Amtrak at late hours throughout the night on its long-distance passenger rail line The Crescent from New York City, NY to New Orleans, LA. The train is often delayed and is operating at a deficit for Amtrak, like most of their long-distance routes. Traffic on Interstate 85 through the Upstate is another issue …

Apprenticeships In The Mountain West, Fy2023, Annie Vong, Caitlin J. Saladino, William E. Brown Jr.

Economic Development & Workforce

This fact sheet examines data on apprenticeships for the Mountain West states of Arizona, Colorado, Nevada, New Mexico, and Utah. The original dataset from the U.S. Department of Labor includes data on all 50 states as well as U.S. territories. This fact sheet examines the number of apprenticeships, the average and median hourly wages, the education level of those in apprenticeships, the union status, and the industries that support apprenticeships in each Mountain West state.

Southern Nevada Regional Industrial Study, Brookings Mountain West, Center For Business And Economic Research, Transportation Research Center

Policy Briefs and Reports

Recognizing the ongoing need to diversify the Southern Nevada economy, in 2023 GOED commissioned Brookings Mountain West, the UNLV Center for Business and Economic Research, and the UNLV Transportation Research Center to evaluate how Southern Nevada can leverage its geography and connectivity to neighboring states and metros at the megapolitan level to pursue industrial opportunities in the face of shifting global supply chains, diminishing developable land, the need for efficient management of the regional water supply, and the availability of unprecedented federal resources to support clean energy development, manufacturing, electrification of transportation systems, and supply-chain resiliency.

The study builds on …

Post Covid-19 Recovery In Mountain West Metros, Zachary Walusek, Vanessa Booth, Annie Vong, Caitlin J. Saladino, William E. Brown Jr.

Economic Development & Workforce

This fact sheet examines data on the economic effects of the COVID-19 pandemic and recession on Mountain West metros. The original report includes data on economic activity, labor market, and real estate trends.

Gross Domestic Product (Gdp) In Mountain West Metros, 2022, Ayda Atici, Eshaan Vakil, Saha Salahi, Caitlin J. Saladino, William E. Brown Jr.

Cities & Metros

This fact sheet examines the rankings of large Mountain West metropolitan statistical areas (MSAs) in terms of Gross Domestic Product (GDP) in 2022, as well as population rank in 2020. The original report, published by Visual Capitalist, collated information from the U.S. Bureau of Economic Analysis and the Kenan Institute to provide these data.

How The Manufacturing Extension Partnership Can Anchor U.S. Workforce Development, Matthew D. Wilson, Nichola Lowe, Greg Schrock, Rumana Rabbani, Allison Forbes

Employment Research Newsletter

No abstract provided.

How The Manufacturing Extension Partnership Can Anchor U.S. Workforce Development, Matthew D. Wilson, Nichola Lowe, Greg Schrock, Rumana Rabbani, Allison Forbes

Upjohn Institute Policy and Research Briefs

No abstract provided.

Monitoring The Philippine Economy State Of The Economy Report, Mitzie Irene P. Conchada, Lawrence B. Dacuycuy, Jesus Felipe, Desher Edgar Empeño, Brendan Emmanuel A. Miranda

Angelo King Institute for Economic and Business Studies (AKI)

The Philippine economy recovered from the COVID-19 pandemic during 2022. It posted a very high annual growth rate, 7.6%, although this must be understood in the context of a low base. AKI’s State of the Economy Report focuses on three issues in the context of the new Administration’s 8-Point Socioeconomic Agenda and the Philippine Development Plan 2023-2028: growth, inflation, and the fiscal deficit and national debt. Overall, we have a positive view of the economy over the medium and long-term. However, we argue that:

-The focus of economic policy has to shift decisively toward changing the structure of the economy …

Mapping Ecotourism Potential In Bangladesh: The Integration Of An Analytical Hierarchy Algorithm And Geospatial Data, Muhallil Abtahee, Afra Anika Islam, Md. Nazmul Haque, Hasan Zonaed, Samiha Mahzabin Ritu, S. M. Imdadul Islam, Atiq Zaman

Civil Engineering Faculty Publications and Presentations

The significance of ecotourism has been increasing due to its potential for biodiversity preservation, economic advancement, and the promotion of sustainability awareness. In this research, geospatial analysis and the Analytical Hierarchy Process (AHP) was employed to identify feasible ecotourism sites in Bangladesh. The study applied Geographical Information System–Remote Sensing (GIS-RS) parameters and weighted overlay techniques for selected ecotourism characteristics, such as natural attractiveness, topographic features, accessibility, proximity to facilities, and community characteristics. The study found that a significant proportion (around 44%) of Bangladesh’s land exhibits high potential for ecotourism. Cox’s Bazar, Chittagong, and Rangamati are particularly favorable ecotourism locations. However, …

The Administration’S Objective To Reduce The Fiscal Deficit To 3% Of Gdp By 2028: Why And How?, Jesus Felipe

Angelo King Institute for Economic and Business Studies (AKI)

A few weeks ago, the author attended a presentation on the Philippine economy and prospects for 2023. A discussant from the Department of Finance indicated that the Administration aims at reducing the fiscal deficit from 8.6 percent of gross domestic product in 2021 (the result of the COVID pandemic) to 3 percent by 2028. She referred to this reduction as “solid fiscal management” that “will promote long-term growth". This article argues that this is a dubious target because the government cannot control the deficit. Moreover, claiming that this reduction will promote long-term growth is poor economics. So is the idea …

National Debt And The Misleading Family Metaphor: A Message To The Economic Managers And Journalists, Jesus Felipe

Angelo King Institute for Economic and Business Studies (AKI)

A recent article in the prestigious British newspaper, The Guardian (“Bad economics at the BBC enabled Tory austerity and its aftermath — and it knows as much,” James Meadway, January 31, 2023), claimed that bad economics by the British Broadcasting Co. (BBC), the reputable British television company, enabled Tory austerity and its aftermath. A BBC internal review noted that too many journalists don’t get “basic economics,” with a negative effect on U.K. politics. The review refers to taxation, public spending, government borrowing, and debt output. Poor information is particularly serious when it comes to reporting on the central political issue …

Annual Growth Of 6.5-8% Until 2028: How?, Jesus Felipe

Angelo King Institute for Economic and Business Studies (AKI)

THE KEY outcomes of President Bongbong Marcos’ Philippine Development Plan 2023–2028—to increase income per capita, reduce poverty, and create employment—rest on a necessary condition: to attain a 6.5-8% annual growth rate through 2023 to 2028. If achieved, the Philippines would resemble its East Asian neighbors, which attained similarly high growth rates decades ago. This is much needed given the still low wages and per capita income of the country. Yet, this “target” poses several questions.

The Economic Ferocity Of Policy, Giana Depaul

Helm's School of Government Conference - American Revival: Citizenship & Virtue

Each day, as the Dow Jones rises and falls, Congress similarly passes and fails legislation. These two seemingly continuous cycles intersect to the point that the two structures appear affixed. For centuries, this has posed an age-old question: is it policy that influences the economic system or is it the economic system itself that molds policy decision-making? Renowned economist Adam Smith is famous for his works detailing the autonomous nature of the economic system. Smith views policy as only a small roadblock in the master strategy of the economic flow of life. The Great Depression and the 2008 Recession, however, …

Vietnam’S Gdp: Re-Assessing Growth Rate And Identifying An Alternative Indicator, My Linh D. Nguyen

Honors Theses

Since the economic reform known as Doi Moi (Renovation) in 1986, Vietnam has changed from one of the world’s poorest to a middle-income country in one generation (USAID, 2022). The country has consistently registered high and stable economic growth since the reform, averaging 6.3% from 1985 to 2021 (World Bank, 2022). High growth rate of gross domestic product (GDP) is good news, but it has also raised questions that go both ways. On one side, there is much speculation that the government of Vietnam has manipulated economic statistics, compared to the case of China and India. As quoted in Kinh …

The Economics Of Mass Incarceration: How Imprisonment Due To Drug Offenses Impacts The Economy Of Texas, Leah N. Letterhos

Senior Theses

I begin by addressing drug use and how it impacts individuals’ economic outcomes, through psychological substance abuse disorders, income, and employment, where I discuss how each factor is impacted by drug use. Next, I undergo the same process for how incarceration and how it affects economic outcomes of individuals, through the debt cycle, the drain of household resources, limited/lack of pay while in prison, and difficulty in finding employment after release from prison. I follow this by connecting incarceration to drug use by writing about the background on the United States’ incarceration rates and link to drug enforcement and systemic …

Part 3: Virginia Is For Veterans, Dragas Center For Economic Analysis And Policy, Old Dominion University

State of the Commonwealth Reports

Approximately 1 in 10 Virginian adults ages 18 years and older was a veteran of military service in 2021. The Commonwealth only ranked behind Alaska in the proportion of adults who identified as a veteran of military service in 2021. Virginia ranked first for the share of veterans in the adult population among states with populations greater than 1 million in 2021. Military veterans in Virginia, on average, are more educated than their civilian counterparts and have higher household incomes. The presence of military veterans and retirees not only provides talents to employers, but also generates billions of dollars of …

Unwilling Gamblers And Loaded Dice: Considering Recession And Crisis As A Natural Effect Of Financial Capitalism, Darlene N. Moorman

The Downtown Review

Under financial capitalism, ordinary people are increasingly becoming 'unwilling gamblers' of a risky and unstable system. This paper explores the social and institutional change behind the neoliberal movement and considers how the politics and policies of neoliberalism have contributed to a certain environment of financial instability. Looking at the changing nature of the economy, the rapid expansion of the financial sector, and the persisting issue of moral hazard underlying risky and speculative behaviors among other items, reveals a financial system in which recessions and crises can be considered a natural, although not inevitable, effect.

State Capitalism’S Inability To Alter The Global Power Structure, Michael R. Woods

Student Publications

In the modern day, many nations have instituted State Capitalist policies to grow their economies and increase their international influence. To evaluate the efficacy of this strategy, this paper analyzes the historical impacts of State Capitalism, as well as its effects upon economic concepts, including competition and innovation. This work also analyzes the ways in which State Capitalist policies have negatively impacted the international reputations of nations such as Russia and China and explores the specific national characteristics and circumstances that are required to truly alter the global power structure. Ultimately, the work concludes that state capitalism is unlikely to …

In A Gig Economy, Do People Work More When Wages Rise?, Singapore Management University

Perspectives@SMU

Study finds that when wages go up, how the supply of labour changes can depend on how the change in pay is communicated

The Outdoor Recreation Economy In The Mountain West, 2020, Miguel Soriano Ralston, Joshua Padilla, Peter Grema, Caitlin J. Saladino, William E. Brown Jr.

Economic Development & Workforce

This fact sheet provides select data from the State Outdoor Recreation Satellite Account (ORSA) at the Bureau of Economic Analysis (BEA) on the 2020 outdoor recreation economy in the Mountain West region, including Nevada, Utah, Arizona, New Mexico, and Colorado.

The Spatial Associations Between Crime And Economy In Chicago 2015-2020, Hongtao Huang

Honors Capstones

The severity of the crime is often the most intuitive reflection of whether a region is safe and the top factor for the public when evaluating a region. Economist's list of the safest cities in seven major North American cities, Chicago was ranked at six, just above Dallas. Chicago scored the lowest in personal security, which is closely tied to the crime. Against the backdrop of higher unemployment and prices, this study is interested in how property-based crimes are related to the economic decline in Chicago geographically. The study used the heterogeneity analysis tool Geodetector to investigate the correlation between …

The Political Pandemic: The Relationship Between Political Leanings, Covid-19, And The Economy In 2020, Garrett Clark

Honors College Theses

The effect of political leanings on the pandemic outcomes, both in terms of the COVID-19 cases and death totals and the extent that the pandemic affected the economy, is the analysis of interest. The literature indicates a relationship between political leanings and the COVID-19 response. Data is gathered from a variety of sources, and a series of regressions are performed to analyze several control variables and determine their significance. The results indicate a relationship between political leanings and COVID-19 outcomes. However, results regarding the effects of politics on the economy are less clear. Possible explanations are provided for the results.

Economic Impact Of The Montcalm County Wind Energy Project, Jim Robey

Reports

No abstract provided.

Economist's Moral Reasoning On Foreign Aid, Stephen Langeland

Helm's School of Government Conference - American Revival: Citizenship & Virtue

No abstract provided.

Kentucky Annual Economic Report 2022, Michael W. Clark, James P. Ziliak, Simon Sheather

Kentucky Annual Economic Report

This report is one of the important ways that the Center for Business and Economic Research fulfills its mission to examine various aspects of Kentucky’s economy as directed by the Kentucky Revised Statutes (KRS 164.738). The analysis and data presented here cover a variety of topics that range from a discussion of Kentucky’s current economic climate to a broad presentation of factors affecting the economy.

The report covers numerous dimensions of Kentucky’s economy including the effects of COVID-19. As the pandemic approaches its third year, COVID-19 continues to dominate the economic narrative. Many aspects of the economy have improved substantially …

Green, Clean, And Mean? China’S Foreign Direct Investment In Sub-Saharan Africa Economy, Makuochukwu Okoma

CGU Theses & Dissertations

This dissertation is an investigative study that utilized the Panel Vector Autoregressive (PVAR) model that examines the impact of China’s Foreign Direct Investment on the environment and economy of Sub-Saharan Africa (SSA). In evaluating this impact, 43 SSA countries were analyzed and subdivided into various income levels; three arguments were proposed and tested.First is China’s FDI in SSA, “green.” Does China’s FDI lead to sustainable growth and development for the environment in SSA.? Second, does China’s FDI clean up pollution through the reduction of Carbon dioxide (CO2) emissions? Lastly, does it lead to economic growth and development in SSA? The …

Keynote Address, Godwin I. Emefiele Con

Economic and Financial Review

The theme for this year’s edition, “Food Security in Nigeria: Options for Policy” is apt and in tune with the existing realities of both the global and domestic economies, which have suffered heavily from the impact of the COVID-19 pandemic. In fact, the theme could not have come at a better time than now when issues of insecurity, climate change, and COVID-19 related disruptions are challenging food production and supply, not only in Nigeria but also globally. As a matter of fact, food security is critical for national security, economic stability and sustainable development.

Welcome Address, Itohan M. Ogbomon-Paul

Economic and Financial Review

The theme of this year’s Seminar is tagged “Food Security in Nigeria: Options for policy”. The central focus of the Seminar is to discuss policy options for tackling the challenges of food insecurity, with the resultant outcomes on poverty reduction, job and wealth creation, as well as overall growth and development of the Nigerian economy. This year’s Seminar provides a unique opportunity for us all, because food holds the key to quality human existence. Indeed, food security is at the core of every nation’s development agenda. The quantity and quality of food available to the citizenry is correlated with the …

Food Security, Economic Growth And Price Stability Nexus And Conceptual Issues, Park O. Idisi

Economic and Financial Review

A strong argument that encourages analysing food security and food price stability issues is importance to economic well-being. Nigeria is one of the most food insecure countries and highly affected by all three drivers. For one, the country is vulnerable to price instability and successively hit by environmental disasters, that impact people’s livelihoods. Furthermore, its economy is thriving, but around 48.0 per cent of its population lives below the poverty line (World Bank, 2020; World Poverty Clock, 2020). In addition to that, since 2009 northeastern Nigeria is struck by insurgency. Essentially, sustainability in economic growth is dependent on achievement of …

Special Remarks, Kingsley Obiora

Economic and Financial Review

The theme of this year’s Seminar, Food Security in Nigeria: Options for Policy, is apt, timely and consistent with the current efforts of this administration and the Bank in finding sustainable solutions to the food security challenges confronting us as a nation. As we all know, food is a basic need of every man and key to socio-economic stability. The ability of a country to feed its people, and perhaps extend the surplus to other countries, is one of the key indicators of good standing in the comity of nations. The World Food Summit (1996), defined food security as a …