Social and Behavioral Sciences Commons^™

The State Of The Region: Hampton Roads 2005, James V. Koch, Vinod Agarwal, John R. Broderick, Edward Card, Chris Colburn, Vicky Curtis, Steve Daniel, Susan Hughes, Kristine Karlsen, Feng Lian, Sharon Lomax, Linda Mcgreevy, Janet Molinaro, Kenneth Plum, Qian Sun, Gilbert Yochum

Economics Faculty Books

This is Old Dominion University's Sixth 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, or it's president, Roseann Runte.

The report maintains the goal of stimulating thought and discussion that ultimately will make Hampton Roads an even better place to live. We are proud of our region's many successes, but realize that it is possible to improve our performance. In order to do so, we must have accurate information about "where we are" and a sound …

The Impact Of Trade Liberalization On Growth, Unemployment, And Poverty In Bangladesh, Maha Z. Mirza

Graduate Program in International Studies Theses & Dissertations

Trade liberalization has been one of the major policy components of the governments of the developing countries in the recent decades. Bangladesh as many other developing nations, has adopted different measures of trade reform policies as an element of International Monetary Fund's (IMF) Structural Adjustment Program (SAP), as well as to be an integral part of the world wide trend of globalization. Such policy measures include the reduction/rationalization of tariff rate, simplification of import and export trade procedures, relaxation of restrictive trade policies, and reform of financial and monetary policies. Even though, the trade reform measures were anticipated to increase …

The Effects Of Local And Global Risk Factors On Industry Stock Returns: Across Country Analysis, Mahdy Farag Elhossiny

Theses and Dissertations in Business Administration

This dissertation studies the local and global sources of risk and industries stock returns across national equity markets. We examine several local and global economic risk factors and ask whether and to what extent these risk factors can explain the variation in the industries' stock returns of five countries, namely Canada, Germany, Japan, the U.K., and the U.S. Specifically, the main objective of this dissertation is to find answers for three main questions: First, whether and to what extent do returns on local industries respond to changes in local macroeconomic risk factors? Second, whether and to what extent do returns …

Socioeconomic Attainments Of Africans Versus African-Americans In The United States, Azeb Berhane

Sociology & Criminal Justice Theses & Dissertations

Using data from the Integrated Public Use Microdata Series (IPUMS) of the 2000 U.S. census, the socioeconomic attainments of African immigrants was compared to African Americans in the United States. This comparison was made within the context of assimilation perspective, human capital perspective, and the family investment model. Consistent with previous research findings, the current study found that African immigrants have higher educational attainments than African-Americans in the United States. However, when breaking down the African group by country of birth, African-Americans were found to have higher educational attainments than a few African countries. Generally, the results reveal that African …

Front Matter: The State Of The Region: Hampton Roads 2005, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

Cover, front matter, table of contents, and other materials for the 2005 The State of the Region report authored by the Regional Studies Institute at Old Dominion University

Part 1: The Hampton Roads Economy Midway Through The Decade, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

Our regional economy continues to perform better than the Commonwealth of Virginia and the nation. The 2000-2004 time period is the best five year time period our region has experienced since 1969. Employment increased four times as rapidly as national employ-ment and we experienced significant job growth in scientific, technical and information technology occupations—-something that has largely eluded us in the past. Defense expenditures increasingly dominate the region’s economy and account for about 75 percent of all recent growth. However, the BRAC process could throw a huge wrench into this prosperity. If all BRAC recommendations, including the closure of Oceana, …

Part 2: Is There A Housing Price Bubble In Hampton Roads?, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

While housing prices increased 40 percent in Hampton Roads (after inflation) during the past decade, most of this increase can be attributed to improved eco-nomic fundamentals such as lower interest rates, increased incomes, Department of Defense housing incentives and more cautious building policies by area developers. Hence, we do not have the kind of housing price bubble that currently exists in cities such as San Diego, San Francisco and Boston, and the state of Florida. We may face some future price adjustments, but they are not likely to be wrenching.

Part 3: Richard Florida And The Creative Classes Of Hampton Roads, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

Professor Florida argues that highly mobile, creative individuals are the kingpins of modern economic growth. They are especially attracted to regions that offer diverse demographics, cultural opportunities, living styles and residential areas, as well as a tolerance of the uncommon. Hampton Roads does not fare well when measured against several of Florida’s variables. However, we test his hypotheses empirically and find they have only limited validity.

Part 4: The Wheels Of Justice: Our Regional Circuit Courts, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

We trace what happens to parties that enter our Circuit Court system as a plaintiff or defendant. In 2003, the nine Circuits that are wholly or partially located within Hampton Roads dealt with 81,008 cases (35 percent civil and 65 percent criminal). Large proportions of these cases are dismissed or settled before they come to trial and very few cases are heard by a jury. We examine a variety of efficiency measures relating to the region’s Circuit Courts and conclude they are operating rather well.

Part 5: Our Art Galleries And Museums: Will They Survive?, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

Led by the Chrysler Museum of Art, Hampton Roads is blessed with several excellent art galleries and museums. These valuable institutions, however, are struggling to maintain their collections, programs and hours because of financial strains. It’s apparent that the region’s decision makers have not placed a high priority on the aesthetic sensibilities of the region’s citizens.

Part 6: The Race To The Bottom Of The Bay: Boat Taxes In Hampton Roads, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

Over the past decade, the region’s cities and counties have diminished the taxes they assess on boats so much that in several cities (for example, Virginia Beach), boat taxes in essence no longer exist. We show that all jurisdictions in Hampton Roads have suffered due to the reduced tax revenue and that the low-tax strategy has not attracted more boats from other regions, as intended. While boat taxes are unpopular and difficult to collect, Hampton Roads appears to have shot itself in the foot.

Part 7: Unrealized Potential: High Technology In Hampton Roads, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

On the face of it, Hampton Roads ought to be a technological powerhouse because of the high-level federal research facilities and defense installations located in the area, plus a higher education community of considerable size. Yet, while we can claim the second-greatest technological development of any region in the Commonwealth, we are a very distant second to Northern Virginia and have never realized our potential. Future prosperity in technology is tied to developing the modeling and simulation industry that has sprouted primarily in Suffolk, stimulating Eastern Virginia Medical School’s potential in conjunction with Old Dominion University and vastly increasing support …

Financing Strategies Of The R & D Firm, Lawrence Fogelberg, John M, Griffith

Finance Faculty Publications

This paper investigates the financing strategies of the R&D firm. Our hypotheses are based on Cho's (1992) game theory model where the firm develops a product but needs additional financing to bring it to market. The model generates a particularly rich set of hypotheses: 1) to fund the completion of its project and bring its product to market, the firm initiates negotiations with an established firm; 2) the majority of the acquisitions will be partial cash acquisitions through private secondary offerings. Confirming the model's hypotheses, we find that the majority of the acquisitions are partial cash acquisitions by significantly larger …

Modeling Of Commercial Maritime Port Recoverability From Security Disruptions: Work-In-Progress, C. Ariel Pinto, Wayne K. Talley

Engineering Management & Systems Engineering Faculty Publications

This article describes active research in commercial maritime port's recovery from security disruptions which explores the synergy of economic and simulation models in investigating the recoverability of ports after security incidents. Previous study has identified decision variables and throughput simulation models of port operation. However, none of these models have been utilized to investigate port's recovery from a security disruption and in evaluating recoverability investments. The method of research includes analysis of recorded disruptions, identification of impediments to recovery and investment criteria for recoverability. This article provides managers insight into including security and continuity of operation in managing various types …