Economics Commons^™

Part 4: Gasoline Prices, Carbon Emissions And Other Unpleasant Subjects, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

Carbon emissions are on nearly everyone’s mind. We trace our regional carbon emissions and explore the ways (including higher prices) that we might deal with them.

Part 8: The Chrysler Museum In 2009, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

The Chrysler Museum of Art is one of the foremost cultural jewels of our region, but now faces challenges that stem both from significant economic constraints and internal reorganizations.

Part 6: Traffic Congestion In Hampton Roads: Identifying And Measuring Our Bottlenecks, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

A well-known national analysis of traffic congestion identifies the 15 worst choke points in Hampton Roads. Most of them are connected to our tunnels.

Part 7: The Tunnels That Connect Hampton Roads: Wonderful Assets Or Potential Achilles' Heels?, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

Wonderful Assets or Potential Achilles’ Heels? The prosperity of our region depends upon five major bridge/tunnel installations, all of which potentially can be closed either by accidents or terrorism. As we recently have discovered, they are vulnerable to a variety of possible threats.

The State Of The Region: Hampton Roads 2008, James V. Koch, Vinod Agarwal, John R. Broderick, Grace Chen, Chris Colburn, Vicky Curtis, Steve Daniel, Susan Hughes, Elizabeth Janik, Terry Lindvall, Sharon Lomax, Janet Molinaro, Ken Plum, Gilbert Yochum

Economics Faculty Books

This is Old Dominion University's ninth 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, John R. Broderick. 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 …

The Return Of Russia: Energy's Superpower Or Potemkin Village?, Greg R. Bayes

Graduate Program in International Studies Theses & Dissertations

George Kennan's prediction of the Soviet Union's downfall may have, in retrospect, jinxed Russia on the one aspect that had historically worked in its favor: time. The confluence of time and space--brought about by an emphasis on territorial expansion-had greatly aided Russia when difficulties had rendered the variable of time indispensable. When confronted by the likes of Napoleon and Hitler, for example, Russia had at its disposal the luxury of always trading space for time. Although deprived of its empire, the issue of space is not an overarching concern for a Russia that today still spans from Vladivostok to St. …

Oil And Remittances In The Middle East, Azza El-Sharabassy

Graduate Program in International Studies Theses & Dissertations

This dissertation constructs a framework for understanding the determinants of remittances. It develops the effects of multiple macro economic variables in one area in the Middle East on the remittances flows and the future development of (another Arab neighboring country) Egypt. The framework will explore the relationship between oil prices and remittances from oil based economies (mainly Saudi-Arabia, Kuwait and the Arab Emirates) to a labor exporting country (Egypt). It also highlights the impact of multiple variables affecting the flow of remittances from labor exporting Arab countries: (1) Prices of oil. (2) Oil revenues. (3) Differentials in deposit interest rate …

Crossing Borders: Mexican Immigration Into The United States, Ewelina L. Dzieciolowski

Graduate Program in International Studies Theses & Dissertations

Immigration has been one of the major political and economic topics debated by governments in the world. In the United States, migration legislation is debated in the Senate, and impacts every industry throughout the country. Therefore, with further research in this field more answers for why migration occurs can be found. Although various disciplines focus on this phenomenon, each offers reasons specific to the discipline which is searching for an explanation. This thesis acknowledges that economic factors, social aspects, push and pull influences are some of the reasons for immigration, but it also proposes that there are other forces behind …

An Empirical Analysis Of Macroeconomic And Political Determinants Of Private Investment In Sub-Saharan Africa, Ralph Cann-Tamakloe

School of Public Service Theses & Dissertations

The general macroeconomic and political difficulties experienced by many Sub-Saharan African countries in the late 1980s has led to economic and political reforms to improve private investment performance. It has been estimated that Sub-Saharan African countries needed to boost private investment in gross domestic product some 25% in the 1990s to achieve sustainable growth and development (Pfefferman and Madarassy, 1989). However, private investment performance has fallen short of the estimated 25%, and remained stagnant between 12.4% and 14.1% per annum from 1993 to 2002.

The purpose of this study therefore is to examine the influence of macroeconomic factors and democracy, …

Front Matter: The State Of The Region: Hampton Roads 2008, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

Cover, front matter, table of contents, and other materials for the 2008 The State of the Region report authored by the Regional Studies Institute at Old Dominion University

Part 1: The Regional Economy Downshifts, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

The spectacular first half of this decade is fading into the background as our regional economic growth rate has fallen back to the Commonwealth and national averages. Defense spending continues to rise in importance and now is responsible for more than 40 percent of our regional income generation.

Part 2: Regional Housing Markets Adjust To Changing Circumstances, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

Hampton Roads has not been immune to national housing problems, but our mortgage defaults and foreclosures have been well below the national average. Our housing prices have not yet declined significantly, except for new residential housing. We may be a year or more away from the “bottom.”

Part 3: Local Televsion Evening News, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

Only one of every six television evening news stories relates to crime or violence, but almost 33 percent of the stories that lead broadcasts focus on crime and violence, while 45 percent focus on some type of crime. African Americans are frequently featured as alleged perpetrators, while Caucasians usually are the reported victims.

Part 4: Women Earn Less Than Men In Hampton Roads. Why?, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

As is true nationally, women in Hampton Roads earn less than men. Gender earnings differentials are particularly large in occupations characterized by “crowding” – where women constitute a sizable proportion of those employed. Economically speaking, women may be better off in the Richmond metro area than in Hampton Roads.

Part 6: Wunderbar! German Firms In Hampton Roads, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

Our region is home to 31 companies hailing from the Federal Republic of Germany and they represent the largest contingent (19 percent) of the area’s international firms. These firms “insource” rather than “outsource” jobs and pay above-average compensation to their workers.

Part 5: An Almost Invisible Corner: Care For The Mentally Ill In Hampton Roads, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

According to the U.S. Center for Mental Health Services, an estimated 64,972 people (5.4 percent) suffer from serious mental illness in Hampton Roads. Beginning in the 1970s, these individuals largely have been deinstitutionalized and now live within our communities, where they are served primarily by nine community services boards.

Part 7: Ranking Hampton Roads: Hot Or Not?, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

The two most respected rankings of the livability of metropolitan areas are David Savigeau’s Places Rated Almanac (PRA) and Bert Sperling’s and Peter Sander’s Cities Ranked and Rated (CRR). In their most recent editions, PRA ranked Hampton Roads 20th in the nation among 370-plus metro areas, while CRR ranked our region 137th. We analyze where these ratings come from and how we compare to other areas.

Do Analysts Influence Corporate Financing And Investment?, John A. Doukas, Chansog (Francis) Kim, Christos Pantzalis

Finance Faculty Publications

We examine whether abnormal analyst coverage influences the external financing and investment decisions of the firm. Controlling for self-selection bias in analysts' excessive coverage, we find that firms with high (low) analyst coverage consistently engage in higher (lower) external financing than do their industry peers of similar size. Our evidence also demonstrates that firms with excessive analyst coverage overinvest and realize lower future returns than do firms with low analyst coverage. Our findings are consistent with the hypothesis that analysts favor the coverage of firms that have the potential to engage in profitable investment-banking business.

Inter-State Economic Development- Powered By Utilities, John R. Lombard

School of Public Service Faculty Publications

In 2000, a group of state business recruiters from New England joined to promote New England to corporate real estate and site selection consultants at IDRC’s1 World Congress in New York City. At roughly the same time, the two metropolitan areas of Hartford, Conn., and Springfield, Mass., formed the Hartford-Springfield Economic Partnership (HSEP). These informal ventures that cross state borders represent coalitions of business, academic, political and policy leaders working together to foster the combined regions’ economic well-being.

The State Of The Region: Hampton Roads 2007, James V. Koch, Vinod Agarwal, John R. Broderick, Christopher B. Colburn, Vicky Curtis, Steve Daniel, Susan Hughes, Elizabeth Janik, Feng Lian, Sharon Lomax, Trish Manthey, Janet Molinaro, Ken Plum, Maurice Seaton, Lowell Singh, Qian Sun

Economics Faculty Books

This is Old Dominion University's eighth 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 …

Two Essays On Ipo Earnings Management, Yong Sun

Theses and Dissertations in Business Administration

This dissertation includes two essays that study initial public offerings (IPO) earnings management. The first essay examines the underwriter's certification and monitoring roles in IPO earnings management; the second essay explores the relation between IPO earnings management and post-IPO institutional ownership.

In the first essay, we investigate the certification role played by underwriters. We hypothesize that there is a negative relation between IPO earnings management and underwriter reputation and that there is a positive relation between underwriter reputation and firm operating performance. In addition, underwriters continue providing monitoring to the firms they take public. Using a sample of IPOs, we …

Nature In Ayn Rand's Fountainhead, Anand Silodia

Reconstruction: Studies in Contemporary Culture

[First paragraph]

Half a century ago the novelist Ayn Rand [1], a Russian refugee who settled in America, gave us one of the most original and influential philosophies of individualism namely objectivism, which she advanced as 'a philosophy for living on earth.' First propounded through her novels The Fountainhead and Atlas Shrugged, Ayn Rand's philosophy of objectivism has surpassed the test of time. In her objectivist philosophy, human-nature relationships are an important (indirect) concern although rarely discussed in an explicit manner in her humongous novels.

Revitalizing Deteriorated Urban Neighborhood Real Estate Markets Through Concentrated Homeownership Development: Determining The Spillover Effects Of New Homes On The Value Of Surrounding Homes, Jerry Michael Hawkins

Theses and Dissertations in Urban Services - Urban Management

The promotion of homeownership opportunities represents an important approach used by localities to support the revitalization of deteriorated urban neighborhoods. Homeownership is associated with a variety of social and economic benefits to the homeowner including increased residential stability and equity accumulation. The introduction of new homeownership opportunities into a deteriorated urban neighborhood as part of local public policy is intended to capitalize upon the anticipated positive social and economic outcomes. Such new homeownership development also presents the opportunity to generate positive spillover effects on the adjacent existing properties in the neighborhood which may ultimately result in higher real estate tax …

The Impact Of Privatization On Economic Growth And Income Inequality In Developing Countries, Samuel Adams

School of Public Service Theses & Dissertations

In the 1960s and 1970s academicians, economists and politicians favored state ownership over private ownership in the production and provision of goods and services. By the end of the 1980s, however, there was a reversal of public policy from state domination of the production and provision of goods and services to private ownership and operation. This was due in part to what the World Bank referred to as "state failure”, which was characterized by inefficient service delivery, unprofitable SOEs, high government debt, and stagnant economic growth rates. Accordingly, privatization caught on in many countries as a policy tool to foster …

Front Matter: The State Of The Region: Hampton Roads 2007, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

Cover, front matter, table of contents, and other materials for the 2007 The State of the Region report authored by the Regional Studies Institute at Old Dominion University

Part 1: Back To Earth: The Regional Economy Slows Down, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

After a spectacular first half of this decade, the regional economy decelerated in 2007. A combination of declining rates of growth in defense spending, the closing of the Ford Norfolk Assembly Plant and a sluggish national economy reduced the growth of the regional economy to the national average. Looming base realignment and closure reductions beginning in 2008 bode to continue this trend.

Part 3: 'Tis Better To Give Than To Receive: Charitable Giving In Hampton Roads, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

We are a generous lot in Hampton Roads. The region’s citizens give a higher proportion of their incomes to charity than the national average and African Americans, who direct very high proportions of their incomes to churches, lead the parade. Overall, the region’s citizens give 8.2 percent of their annual incomes to charity, easily topping the national average of 6.4 percent.

Part 2: Hidden In Plain Sight: The Ship Repair Industry In Hampton Roads, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

Private-sector shipbuilding and repair is big business in Hampton Roads and accounts, directly and indirectly, for about 15 percent of the total value of the region’s economic activity. More than 160 ship construction and repair firms in the area employ approximately 24,600 people, whose typical compensation is one-third above the regional average.

Part 5: Affordable Housing In Hampton Roads: Facts And Issues, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

The rapid increase in regional housing prices in recent years (97 percent between 1997 and 2006) has made it much more difficult for some people to own their own home. Between these years, the annual interest and principal payments required for a typical home purchase rose from only 21.5 percent of the median income of our region’s households to 32 percent. Economically viable solutions to affordable housing challenges nearly always include increased housing density in order to make more moderately priced housing profitable to builders.

Part 4: The Filipino American Community Of Hampton Roads, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

The region is home to approximately 45,000 Filipino Americans whose political and cultural impact has been growing progressively. They tend to be better educated and earn higher incomes than the typical regional citizen. Virginia Beach’s “Little Manila” area is a reminder of the increasing presence of Filipinos within Hampton Roads.