Entrepreneurial Skills In Thick And Thin Markets, 2017 Iowa State University
Entrepreneurial Skills In Thick And Thin Markets, Georgeanne M. Artz, Zizhen Guo, Peter F. Orazem
Economics Working Papers
Firm profitability is affected by location-specific factors such as agglomeration economies, infrastructure, or proximity to consumers or key producers. Location-specific profits are also influenced by the idiosyncratic match between the entrepreneur and the community. Using data on the universe of all new firm entrants in North Carolina and Iowa between 1992–2011, this study shows how observed location-specific factors affect the probability of new firm entry. We then show that the unobserved factors that influence new firm entry increase the probability of firm survival, demonstrating that these unobserved idiosyncratic factors influence firm profitability and are not just unproductive entrepreneurial preferences ...
Southwest Minnesota Economic And Business Conditions Report - First Quarter 2017, 2017 St. Cloud State University
Southwest Minnesota Economic And Business Conditions Report - First Quarter 2017, Richard A. Macdonald, King Banaian
Southwest Minnesota Economic and Business Conditions Report
Increased economic growth in Southwest Minnesota is expected over the next several months according to the predictions of the St. Cloud State University Southwest Minnesota Index of Leading Economic Indicators (LEI). Three of four LEI components were positive in the first quarter. An improvement in the rural outlook and lower jobless claims contributed favorably to the LEI in the first quarter. An increase in residential building permits in the Mankato MSA also helped lift the leading index. After falling 2.77 points in last year’s fourth quarter, the Southwest Minnesota LEI rose by 4.68 points in the current ...
Southeast Minnesota Economic And Business Conditions Report - Spring Quarter 2017, 2017 St. Cloud State University
Southeast Minnesota Economic And Business Conditions Report - Spring Quarter 2017, Richard A. Macdonald, King Banaian
Southeast Minnesota Economic and Business Conditions Report
Strong economic growth in Southeast Minnesota is expected to continue over the next several months according to the most recent prediction of the Southeast Minnesota Index of Leading Economic Indicators (LEI). After a quarter in which the LEI experienced a 4.04 point increase, the Southeast Minnesota leading index surged by 12.76 points in the first quarter of 2017. Four components of the LEI had positive readings in the first quarter. A decrease in initial claims for unemployment benefits, improvement in the Minnesota Business Conditions Index (which serves as a general measure of state business conditions), a larger number ...
Northwest Minnesota Economic And Business Conditions Report - First Quarter 2017, 2017 St. Cloud State University
Northwest Minnesota Economic And Business Conditions Report - First Quarter 2017, Richard A. Macdonald, King Banaian
Northwest Minnesota Economic and Business Conditions Report
The Northwest Minnesota planning area economy is expected to experience steady growth over the next several months according to the predictions of the St. Cloud State University Northwest Minnesota Index of Leading Economic Indicators (LEI). Two of the five index components increased as the LEI was essentially unchanged in the first quarter. An increase in the Rural Mainstreet Index (which signals an improving macroeconomic environment for rural America) and lower initial jobless claims contributed favorably to the first quarter outlook. Weaker residential building permits in Fargo/Moorhead and Grand Forks/East Grand Forks, and slower new filings for LLC and ...
Central Minnesota Economic And Business Conditions Report - First Quarter 2017, 2017 St. Cloud State University
Central Minnesota Economic And Business Conditions Report - First Quarter 2017, Richard A. Macdonald, King Banaian
Central Minnesota Economic and Business Conditions Report
The Central Minnesota planning area is expected to experience steady economic growth over the next several months according to predictions of the Central Minnesota Index of Leading Economic Indicators (LEI). The leading index rose by 2.03 points in the most recent period, with four components producing positive readings. Among other things, strength in a general measure of statewide business conditions and a small uptick in national durable goods orders helped lift the Central Minnesota planning area LEI in the first quarter.
There were 1,579 new business filings with the Office of the Minnesota Secretary of State in Central ...
Northeast Minnesota Economic And Business Conditions Report - First Quarter 2017, 2017 St. Cloud State University
Northeast Minnesota Economic And Business Conditions Report - First Quarter 2017, Richard A. Macdonald, King Banaian
Northeast Minnesota Economic and Business Conditions Report
Continued strong economic growth in Northeast Minnesota is expected over the next several months according to the predictions of the Northeast Minnesota Index of Leading Economic Indicators (LEI). Four of the five components of the LEI increased as the overall index surged by 6.25 points in the first quarter. An increase in the number of Duluth area residential building permits, an improvement in a general measure of statewide business conditions, a rise in a supply managers’ survey, and increased new filings of incorporation all helped lift this quarter’s index.
There were 626 new business filings with the Office ...
Borderplex Business Barometer, Volume 1, Number 7, 2017 University of Texas at El Paso
Borderplex Business Barometer, Volume 1, Number 7, Thomas M. Fullerton Jr., Adam G. Walke, Ernesto Duarte Ronquillo, Omar Solís
Border Region Modeling Project
No abstract provided.
New Evidence On State Fiscal Multipliers: Implications For State Policies, 2017 W.E. Upjohn Institute
New Evidence On State Fiscal Multipliers: Implications For State Policies, Timothy J. Bartik
Timothy J. Bartik
When state and local governments engage in balanced budget changes in taxes and spending, what fiscal multiplier effects do such policies have on creating local jobs? Traditionally, the view has been that possible job-creation effects of such state and local “demand-side” policies are smaller, second-order effects. Such effects might be worthwhile to take into consideration when a state or local government balances its budget during a recession, but the effects were believed to be of modest magnitude, and not of major importance for more general state and local public policies. However, recent estimates of fiscal multiplier effects of state and ...
Land Quality Perceptions In Expert Opinion Surveys: Evidence From Iowa, 2017 Iowa State University
Land Quality Perceptions In Expert Opinion Surveys: Evidence From Iowa, Wendong Zhang, Michael D. Duffy
While many opinion-based surveys ask land values for different land quality classes, little is known how survey respondents perceive the land quality. Using the 2015 Iowa Land Value Survey, this article examines how respondents perceive land quality in their responses to land value questions. Our results show agricultural professionals seem to perceive land quality with respect to specific regions, and high, medium and low land quality should be interpreted locally within a crop reporting district. This case study suggests that it is difficult to generalize uniform yield or soil productivity index ranges for land quality questions in all opinion-based surveys.
Environmental Conservation In Agriculture: Land Retirement Versus Changing Practices On Working Land, 2017 Iowa State University
Environmental Conservation In Agriculture: Land Retirement Versus Changing Practices On Working Land, Hongli Feng, Lyubov A. Kurkalova, Catherine L. Kling, Philip W. Gassman
The study develops a conceptual framework for analyzing the allocation of conservation funds via selectively offering incentive payments to farmers for enrolling in one of two mutually exclusive agricultural conservation programs: retiring land from production or changing farming practices on land that remains in production. We investigate how the existence of a pre-fixed budget allocation between the programs affects the amounts of environmental benefits obtainable under alternative policy implementation schemes. The framework is applied to a major agricultural production region using field-scale data in conjunction with empirical models of land retirement and conservation tillage adoption, and a biophysical process simulation ...
Economic And Environmental Co-Benefits Of Carbon Sequestration In Agricultural Soils: Retiring Agricultural Land In The Upper Mississippi River Basin, Hongli Feng, Lyubov A. Kurkalova, Catherine L. Kling, Philip W. Gassman
This study investigates the carbon sequestration potential and co-benefits from policies aimed at retiring agricultural land in the Upper Mississippi River Basin, a large, heavily agricultural area. We extend the empirical measurement of co-benefits from the previous focus on environmental benefits to include economic transfers. These transfers have often been mentioned as a co-benefit, but little empirical work measuring the potential magnitude of these transfers has previously been undertaken. We compare and contrast five targeting schemes, each based on maximizing different physical environmental measures, including carbon sequestration, soil erosion, nitrogen runoff, nitrogen leaching, as well as the area enrolled in ...
The Designation Of Co-Benefits And Its Implication For Policy: Water Quality Versus Carbon Sequestration In Agricultural Soils, Silvia Secchi, Manoj K. Jha, Lyubov A. Kurkalova, Hongli Feng, Philip W. Gassman, Catherine L. Kling
This study investigates the implications of treating different environmental benefits as the primary target of policy design. We focus on two scenarios, estimating for both of them in-stream sediment, nutrient loadings, and carbon sequestration. In the first, we assess the impact of a program designed to improve water quality in Iowa on carbon sequestration, and in the second, we calculate the water quality impact of a program aimed at maximizing carbon sequestration. In both cases, the policy instrument is the retirement of land from agricultural production. Our results, limited to the state of Iowa, and to the case of set-aside ...
The Conservation Reserve Program In The Presence Of A Working Land Alternative: Implications For Environmental Quality, Program Participation, And Income Transfer, Hongli Feng, Catherine L. Kling, Lyubov A. Kurkalova, Silvia Secchi, Philip W. Gassman
The United States has invested large sums of resources in multiple conservation programs for agriculture over the past century. In this paper we focus on the impacts of program interactions. Specifically, using an integrated economic and bio-physical modeling framework, we consider the impacts of the presence of working land programs on a land retirement for an important agricultural region—the Upper Mississippi River Basin (UMRB). Compared to a land retirement only program, we find that the presence of a working land program for conservation tillage results in significantly lower predicted signups for land retirement at a given rental rate. We ...
Carbon Sequestration, Co-Benefits, And Conservation Programs, 2017 Iowa State University
Carbon Sequestration, Co-Benefits, And Conservation Programs, Hongli Feng, Catherine L. Kling, Philip W. Gassman
Land use changes to sequester carbon also provide "co-benefits," some of which (for example, water quality) have attracted at least as much attention as carbon storage. The non-separability of these co-benefits presents a challenge for policy design. If carbon markets are employed, then social efficiency will depend on how we take into account co-benefits, that is, externalities, in such markets. If carbon sequestration is incorporated into conservation programs, then the weight given to carbon sequestration relative to its co-benefits will partly shape these programs. Using the Conservation Reserve Program (CRP) as an example, we show that CRP has been sequestering ...
Crop Residues: The Rest Of The Story, 2017 United States Department of Agriculture
Crop Residues: The Rest Of The Story, Douglas L. Karlen, Rattan Lal, Ronald F. Follett, John M. Kimble, Jerry L. Hatfield, John A. Miranowski, Cynthia A. Cambardella, Andrew Manale, Robert P. Anex, Charles W. Rice
Douglas L Karlen
Synopsis In the February 15, 2009 issue of ES&T Strand and Benford argued that oceanic deposition of agricultural crop residues was a viable option for net carbon sequestration (43 , 1000−1007). In reviewing the calculations and bringing their experience to bear, Karlen et al. argue in this Viewpoint that crop residue oceanic permanent sequestration (CROPS) as envisioned by Strand and Benford will not work. They further propose alternative possibilities in agricultural methods to achieve a net decrease of CO2 emissions.
Economic Evaluation Of Coastal Land Loss In Louisiana, 2017 Louisiana State University
Economic Evaluation Of Coastal Land Loss In Louisiana, Stephen R. Barnes, Craig Bond, Nicholas Burger, Kate Anania, Aaron Strong, Sarah Weilant, Stephanie Virgets
Journal of Ocean and Coastal Economics
Louisiana has lost approximately 1,880 square miles of land over the past eighty years. Projections suggest that in a future without action, the next fifty years could result in the loss of 1,750 additional square miles of land area. As land loss continues, a large portion of the natural and man-made capital stocks of coastal Louisiana will be at greater risk of damage, either from land loss or from the associated increase in storm damage. We estimate the replacement cost of capital stock directly at risk from land loss ranges from approximately $2.1 billion to $3.5 ...
Employment Growth In Iowa's Targeted Industries, 1992-97, 2017 Iowa State University
Employment Growth In Iowa's Targeted Industries, 1992-97, Liesl Eathington, David Swenson
Iowa's economy has transformed markedly over the years. For more than a decade, the state has enjoyed persistent nonfarm employment growth. The economy of the 1990s, in terms of its composition, is substantially different from the economy of a decade or two before. Some of the changes mirror changes made nationally -- the emergence of information technologies, computers, software, along with the expansion of the personal and business services sectors. Other changes are unique to the state and may represent a capitalization upon Iowa's existing strengths, i.e., food processing, animal and plant sciences. In addition, some of the ...
Avian Influenza Economic Impacts In Iowa, 2017 Iowa State University
Avian Influenza Economic Impacts In Iowa, David Swenson
The avian influenza (AI) outbreak in Iowa has resulted in the loss of as much as a third of the state’s current egg producing capacity along with smaller, but still significant, losses among some turkey and pullet producers. As with any disaster, there will be losses to those operations, to the suppliers to those operations, and, ultimately, to the regions of the state where those operations are located. This analysis assumes a 34 percent reduction in poultry sector output for one full year.
Economic Impacts Of Wind Energy Development In Iowa: Four Scenarios, 2017 Iowa State University
Economic Impacts Of Wind Energy Development In Iowa: Four Scenarios, David Swenson
The deployment of additional wind energy capacity in Iowa will yield discernible short-term and longer-term economic impacts for Iowa. The short-term and temporary economic gains are from the annual purchases and deliveries of Iowa-supplied wind energy generating equipment like blades, towers, nacelles and other critical components, and all construction-related activity associated with erecting and making operational wind energy arrays The long-term and permanent gains to the Iowa economy are driven by the on-going increments to statewide productivity associated with the operation and maintenance of the built wind energy systems, and the incremental increase in lease payments made to landowners for ...
A Manual For Community And Fiscal Impact Modeling Systems, 2017 Iowa State University
A Manual For Community And Fiscal Impact Modeling Systems, David Swenson, Liesl Eathington
Over the past few years several states have developed community and fiscal impact modeling systems. Beginning with the VIP model in Virginia, which was developed by Tom Johnson1 , and followed by Idaho, Iowa, and Missouri2 , several mid-western states established or enhanced their capacities to conduct community labor force and fiscal impact analysis. To date, models also have been developed or finalized in Kansas, Minnesota, Nevada, Nebraska, Pennsylvania, Wisconsin, and Kentucky. Models are under construction in Texas, Ohio, and Vermont. A model will soon be developed for Oregon.