Social and Behavioral Sciences Commons^™

Some Regional Economic Perspectives On Covid-19 Impacts, Paul A. Coomes

Institute for the Study of Free Enterprise Working Papers

It has been about eight months since the Covid-19 pandemic began sweeping across America, causing the well-known health care emergency, and major economic and fiscal distortions. Presumably, we are in the last stages of the damage, as activity has picked up in most realms of daily life. However, recovery problems linger in many areas, including air travel, cruises, hotels, conventions, concerts, and schools. While not over, enough information has emerged to start documenting the regional economic impacts around Kentucky. This note examines the latest public data to study the apparent economic and fiscal damage related to Covid responses, public and …

The Effect Of Smoking On Kentucky’S Workforce, Michael W. Clark, Jenny A. Minier, Charles J. Courtemanche, Bethany L. Paris, Michael T. Childress

CBER Research Report

Excerpt from the Executive Summary:

Smoking has been estimated to increase health care costs in the United States by $167.5 billion annually (Xu et al. 2015). In Kentucky, smoking adds $2.5 billion in health care expenditures each year. Most of these costs were paid by public programs such as Medicaid and Medicare. While these costs are significant, they represent only a portion of the costs that smoking imposes on society. Smoking also leads to poorer labor market outcomes. Smokers are more likely to be unemployed, earn lower wages, and die prematurely than non-smokers. These negative labor market effects reduce economic …

The Economic Impact Of Diabetes In Kentucky, Michael W. Clark, Jenny A. Minier, Charles J. Courtemanche, Bethany L. Paris, Michael T. Childress

CBER Research Report

Excerpt from the Executive Summary:

The Kentucky Department of Public Health is responsible for improving the health and safety of Kentucky’s residents by preventing disease and injuries and encouraging healthy lifestyles. The department administers nearly 150 programs that address critical health issues affecting Kentuckians. These programs screen newborns for health problems, prevent the spread of infectious diseases, promote oral health, and provide numerous other services.

Diabetes represents a growing health concern for the nation and Kentucky. It is a chronic condition that causes blood sugar levels to rise and contributes to other serious health conditions such as heart and kidney …

Kentucky Forestry Economic Contribution Report 2016, Jeff Stringer, Billy Thomas, Bobby Ammerman, Thomas Ochuodho, Alison Davis

Kentucky Forestry Economic Impact Reports

Forests play a pivotal role in Kentucky’s economy and in the lives of the citizens of our state. Forests are the single most dominant land type, covering nearly one-half of the state, providing a significant range of both economic and non-economic benefits to the Commonwealth. The majority of the economic contribution is derived from the harvesting of timber and processing of the wood resource. Analysis of Kentucky’s forest and wood industries in 2016 indicated an estimated direct economic contribution of $9 billion (down one percent from 2015). These industries employed over 27,700 individuals. Total economic contributions in 2016 were estimated …

Kentucky Forestry Economic Impact Report 2015, Jeff Stringer, Billy Thomas, Bobby Ammerman, Alison Davis

Kentucky Forestry Economic Impact Reports

Forests cover nearly one-half of Kentucky and provide a wide range of both economic and non-economic benefits to the Commonwealth. The primary economic contributor is derived from the utilization of timber and wood resources. Analysis of Kentucky’s forest and wood industries in 2015 indicated an estimated direct economic impact of $9.1 billion (up 9 percent from 2014). These industries employed over 28,000 individuals. Total economic impacts in 2015 were estimated above $14 billion for the first time ($14.6 billion) with a total employment of 62,445. This increase in both direct and total impacts has been on-going since 2012 with a …

A Measure Of The Economic Impact Of Keeneland Racing And Sales On Lexington-Fayette County, Christopher R. Bollinger

CBER Research Report

Keeneland is an important Lexington Institution. This report shows that Keeneland draws individuals into Fayette County who spend money not only at Keeneland but in the city itself. We measure the economic impact of this spending on the local economy. For our initial study, we considered spending by patrons at the 2014 Fall Meet, the September Yearling Sale and the November Breeding Stock Sale. Based upon these findings, we were also able to assess the impact of the Spring Race Meeting, January Horses of All Ages Sale and the April Two-Year-Olds in Training Sale.

Kentucky Forestry Economic Impact Report 2014, Jeff Stringer, Billy Thomas, Bobby Ammerman, Alison Davis

Kentucky Forestry Economic Impact Reports

Forests cover one-half of Kentucky and provide a wide range of benefits to the commonwealth. One of the most notable benefits is the economic contribution that we gain from the utilization of timber and wood resources. Analysis of Kentucky’s forest and wood industries in 2014 indicated an estimated direct economic impact of $8.3 billion (up 4.4% from 2013). These industries employed over 28,200 individuals. Total economic impacts were estimated at $12.8 billion and 57,700 jobs in 2014. Kentucky is one of the leading producers of hardwood forest products in the south and exports wood products across the nation and the …

Letting Teams Walk: Exploring The Economic Impact Of Professional Sports Franchises Leaving Cities, Jesse Stephenson

MPA/MPP/MPFM Capstone Projects

Cities often use public funding to help construct and renovate the facilities of large, private sports franchises. As the major sports leagues grow in popularity and revenue, cities have had to offer increasingly competitive incentive packages to owners in order to keep their team from relocating to more profitable markets or cities willing to issue public funding for new facilities. Much literature has been conducted on the economic impact of sports teams with a general consensus that there is usually no positive economic effect for cities that serve as homes for these teams from the largest leagues (NFL, MLB, and …

Estimating The Economic Impact Of The New Arena At The Kentucky Horse Park, Alexis R. Bwenge

MPA/MPP/MPFM Capstone Projects

For the first time in its history, the World Equestrian Games (WEG) will be held outside of Europe in 2010. Kentucky has won the bid to host the event at the Kentucky Horse Park (KHP) in Lexington. The games will last two weeks in the fall of2010 and organizers estimate ticket sales of 300,000, and over 1,000 athletes from 50 countries are expected to compete (Commonwealth of Kentucky).

However, for the Horse Park to be a suitable location to host WEG, it must have a climate controlled indoor arena. The current proposal for the arena plans for a 6,000 seats, …

Should Louisville Build A Dual Tenant Or Single Tenant Arena?, Chad Allen Harpole

MPA/MPP/MPFM Capstone Projects

The purpose of this research design was to make recommendations to Louisville Metro Council Members, members of the Kentucky General Assembly from Jefferson County and Louisville Metro Mayor Jerry Abramson on the potential revenue and economic impact a potential franchise of the National Basketball Association (NBA) could have on the proposed Louisville Arena Project and the city of Louisville.

Research in the literature review showed that stadiums, arenas and professional teams are poor investments by communities. Despite the research, the new Louisville Arena is going to be built because the Kentucky General Assembly included $75-million in bond financing for the …

Economic Impact Study For Lexington-Fayette Urban County Government Division Of Parks And Recreation, Melynda L. Milburn

MPA/MPP/MPFM Capstone Projects

When requesting funds, planning activities or soliciting input from the public or elected officials, the Lexington-Fayette Urban County Division of Parks and Recreation needs to be able to document the economic impact of its activities. The challenge is a lack of data to illustrate that impact. Considering this information gap, it would be even more difficult to gain support for a consistent funding source based on the economic impact of Lexington Parks and Recreation programs.

The intention of this capstone is to answer the following questions:

• Does Lexington Parks and Recreation have an impact on money being brought into Fayette …

A Perspective On Economic Impact, L. Douglas James, Donald M. Soule, William O. Thompson, John L. Fulmer, John C. Redman, Robert C. Tussey, John M. Higgins, Claude M. Vaughan, David H. Rosenbaum, Billy R. Prebble, Charles O. Dowell, John E. Sirles, Michael B. Hargrove, Clyde T. Bates, Kenneth G. Holbrook, Dennis H. Bianchi, John P. Breaden, Kenneth R. Harman

KWRRI Research Reports

The institutions responsible for water resources management in the United States have originated as political responses to major social issues. Each agency institutionalized a procedure for structuring and comparing alternatives in the formulation of its total program. Each agency originally sought to promote effective resolution of its social issue (flood control, development of arid lands, soil erosion, etc.), but more recent efforts have sought better coordination among agency practices through a common procedure largely derived from economic theory. Any procedure, however, varies in application with the interpretation and judgment of individual planners. Today, public pressures have brought political directives requiring …