Economics Commons^™

Local Economic Developers’ Preferences For Industrial Recruitment: A Contingent Valuation Approach, Beth Loy, Scott Loveridge

Regional Research Institute Working Papers

Several arguments in the local economic development policy literature criticize practitioners for their continuing reliance on industrial recruitment, sometimes referred to as smokestack chasing. Why might practitioners rationally prefer this method over other available techniques? One theory is that practitioners face pressure to accomplish something within a short time frame, resulting in a high discount rate for economic development projects. A survey of local economic development practitioners using the contingent valuation technique supports the theory, finding that developers' discount rate is roughly 20%. The survey tests other theories as well.

Estimating Bank Lending Risk And Its Effect On Asset Allocation, David J. Sorenson

Regional Research Institute Working Papers

The amount of risk that banks assume in lending is a key consideration in the amount of lending that banks ultimately will do. The relationship between default risk and lending levels is addressed here by deriving risk measures based on local economic industry mixes and locational characteristics of bank groups and then testing the degree to which differences in risk in local lending markets affect the asset allocation decisions of banks. FDIC call report data for West Virginia banks are combined with quarterly sectoral failure rate data and earnings data by sectors for the analysis.

Industry Structure And Earnings Growth During National Business Cycles In Appalachia, F. Carson Mencken

Regional Research Institute Working Papers

Appalachia is a region that has undergone notable socio-economic change over the last twenty years. This change has produced communities of socio-economic “winners” and “losers.” In this paper, I attempt to understand why some communities 'won'and others 'lost'during this period using an analysis informed by two key sociological theories at the opposite end of the structure-agency continuum (new urban sociology, human ecology). The analysis combines shift-share analysis and the Land-Deane two-stage least squares technique for spatial effects to predict earnings change related to local industry mix and county effects for the following business cycles: 1980-82 recession, 1983-88 recovery, 1989-92 recession. …

External Ownership And Bank Lending Behavior: Empirical Evidence Using Control Group Methods, Andrew Isserman, Kimberly Dinjar Mencken

Regional Research Institute Working Papers

As banking systems have become more integrated on both the international and national scales, banks in peripheral regions have been purchased by larger banks headquartered outside those regions. These externally controlled banks allegedly siphon funds from the regions by taking deposits but curtailing their lending activity. Such a practice would retard regional economic development efforts by making it more difficult for local businesses and residents to obtain commercial and industrial loans.

Interactive Techniques And Exploratory Spatial Data Analysis, Luc Anselin

Regional Research Institute Working Papers

This chapter reviews the ideas behind interactive and exploratory spatial data analysis and their relation to GIS. Three important aspects are considered. First, an overview is presented of the principles behind interactive spatial data analysis, based on insights from the use of dynamic graphics in statistics and their extension to spatial data. This is followed by a review of spatialised exploratory data analysis (EDA) techniques, that is, ways in which a spatial representation can be given to standard EDA tools by associating them with particular locations or spatial subsets of the data. The third aspect covers the main ideas behind …

Is More Planning Better? An Exploration Of Planning Expenditure In Florida, Emily Talen

Regional Research Institute Working Papers

Recently, planning theorists have stressed the need to understand more fully the realities of planning, fueled by the fact that the planning community has little empirical knowledge about its effects. There currently exist very few studies which attempt to quantitatively assess the broader socioeconomic corollaries of planning activity. The purpose of this paper is to demonstrate one approach to understanding these corollaries by attempting to link planning activity (the "input") with various community or countrywide characteristics (the "output"). The paper uses exploratory data analysis to investigate the relationship between planning expenditure, as a measure of planning activity, and a variety …

The Stock Market As A Leading Indicator: An Application Of Granger Causality, Brad Comincioli

University Avenue Undergraduate Journal of Economics

The purpose of this paper, then, is to evaluate stock prices as a leading indicator of economic activity. Time-series analysis and the notion of "Granger causality" are used in this project to estimate relationships between stock prices and the economy, and to see if they are consistent with theory. In this paper, we will explore the following questions. First, does the stock market lead the real economy, in the sense that variation in its past values explains some of the variation in the real economy? Second, does the stock market "Granger-cause" the real economy, in which case past values of …

An Economic Analysis Of The Death Penalty, Martin Kasten

University Avenue Undergraduate Journal of Economics

From an economic perspective, society should only use capital punishment if the marginal benefits outweigh the marginal costs. In the course of analyzing the economic efficiency of capital punishment, and before providing any recommendations, both the benefits and costs of the death penalty must be evaluated. Since the death penalty has been implemented for centuries, many people believe its benefits outweigh its costs. The evaluation of benefits in Part II will be compared to the costs assessed in Part III to determine if this long held assertion is correct.

Cultural Wage Differentials Among United States Immigrants, Bill Takahashi

University Avenue Undergraduate Journal of Economics

This project will attempt to take a modern snapshot of the ongoing process of immigration and cultural diversification, examine the problem of immigrant adaptation into the American way of life and explore which groups, if any, have an advantage when it comes to integrating into American society. More specifically this paper will address the question: What is the role of cultural factors in determining the standard of living of immigrants.

Editor's Note: Figures are missing from this article. We apologize for the inconvenience.

Environmental Injustice: Evidence And Economic Implications, Heidi Y. Willers

University Avenue Undergraduate Journal of Economics

Some economic analyses find evidence of environmental injustice--minorities and/or low-income persons are exposed to environmental dangers (locally undesirable land uses, or LULUs) more than their non-minority or more affluent counterparts. Such inefficient allocations result from a violation of perfect property rights. This paper does not determine efficient levels of various environmental dangers, but rather examines and compares several studies in an effort to find a consensus among researchers. No consensus emerges, as differences in research techniques prevent consistent results from being found. Future research must have well-defined methodologies before it can be effectively used by policy makers.

Viability Of Traditional Banking Services: Evidence From The Regional Level U.S. Banking Industry, Sofia Xinchen Lou

Honors Papers

My study focuses on testing the conduct of banks in their traditional activities, loans and demand deposits provision. The twenty-one year period runs from 1972 to 1992. A relatively recent econometric model is employed. The model takes a set of two-equation system that contains one demand function and one reduced-form supply equation. A parameter that references the deviation in the conduct of banks from the competitive equilibrium level can be estimated using the model. When the parameter has a value that is not significantly different from 0, banks' conduct is said to be competitive. A positive value indicates market power …

Foreign Direct Investment In Eastern Europe: Applying Traditional Models Of Fdi To The Transitional Countries Of Eastern Europe, Jonathan Austin Kerr

Honors Papers

An empirical analysis is used to determine whether the factors that normally explain FDI flows to developing countries are also suitable to explain FDI flows to the developing countries of Eastern Europe for the years 1988-1992. It was found that a typical set of explanatory variables which explain FDI flows to non Eastern Europe developing countries very well, is not a useful set of determinants for FDI flows to Eastern Europe. Conclusions are drawn concerning the extent to which these results reflect the current state of political and economic transition taking place in Eastern Europe.

An Analysis Of Foreign Direct Investment And Portfolio Investment Into Developing Countries, Sunaina Kilachand Patel

Honors Papers

This paper attempts to understand what motivates and determines private capital inflows in developing counties. I intend to examine whether different types of flows (in this paper I will focus only on FOI and PFI as they dominate private investment flows today) depend on different factors, whether these factors are domestic or international and which of these factors are within the scope and reach of the host developing countries. In my paper, after providing some background information on FOI and PFI, I will then review previous studies and work based on the subject of FOI and PFI flows. I will …

The 1996 Outlook For Travel And Tourism In Montana, Norma P. Nickerson, Neal A. Christensen

Institute for Tourism and Recreation Research Publications

Summarizes Montana's 1995 performance and offers projections for 1996 in travel, tourism, and recreation. Produced for the annual Economic Outlook Seminar series sponsored by The University of Montana Bureau of Business and Economic Research.

Export Competitiveness Of China And Asean In The Us Market, Thomas J. Voon

CAPS Working Paper Series

This paper aims to provide a comparison of the changing pattern of export competitiveness among China and the four ASEAN countries comprising Indonesia, Malaysia, Singapore and Thailand (hereafter ASEAN-4) as exporters of primary commodities, labour-intensive goods as well as technology-intensive manufactures in the US market. Competitiveness is defined as country A’s ability to gain market share on a common export destination (such as the US import market). There are many popssible factors contributing to the changing level of competitiveness of a trading country. In this paper, we confine our analyss to evaluating how important relative changes in real exchange rate, …

Book Review. Turbulence!: Challenges And Opportunities In The World Of Work: Are You Prepared For The Future? By Roger E. Herman, Juliet Casper Smith

Articles by Maurer Faculty

No abstract provided.

Assessing The Effectiveness Of Saving Incentives, R. Glenn Hubbard, Jonathan S. Skinner

Dartmouth Scholarship

The authors argue that there is more to be learned from recent research on the effectiveness of targeted saving incentives than the wide variation in empirical estimates suggests. They conclude that characterizations of 'all new saving' or 'no new saving' are extreme IRAs and 401(k) plans appear to stimulate moderate amounts of new saving. The authors suggest a cost-benefit approach to ask: What is the incremental gain in capital accumulation per dollar of foregone revenue? For quite conservative measures of the saving impacts of IRAs or 401(k)s, the incremental gains in capital accumulation per dollar of lost revenue are large.

Garbage, Recycling, And Illicit Burning Or Dumping, Thomas C. Kinnaman

Faculty Journal Articles

No abstract provided.

Is Child Labor Substitutable For Adult Labor?, Tammy Fayed

Archived Theses and Dissertations

No abstract provided.

Exploring The Underground Economy: Studies Of Illegal And Unreported Activity, Susan Pozo Editor

Upjohn Press

Individually, the six contributors to this volume each provides a detailed examination of specific segments of the underground economy including its participants, attempts at measurement, and policy responses. Taken together, the essays offer a thorough overview that emphasizes the importance and magnitude of one of the largest economies in the world.

Disability, Work And Cash Benefits, Jerry L. Mashaw Editor, Virginia P. Reno Editor, Richard V. Burkhauser Editor, Monroe Berkowitz Editor

Upjohn Press

This book examines the economic consequences of work disabilities, and public and private interventions that might enable disabled individuals to enter the work force for the first time, remain at work, or return to work. Three groups of papers are presented. The first group examines ways that labor market changes, policy interventions and individual choices shape the work force. The next analyzes both public and private return to work policies for the work disabled and for those with a severely disabling condition. The final group focuses on the specific needs of the disabled that affect their work force participation, including …

Financial And Economic Criteria For The Pirvatization (Sic) Of Public Enterprises, Sherine Badie Al-Ashrafy

Archived Theses and Dissertations

No abstract provided.

Social And Economic Opportunity In Seventeenth-Century Charles County, Maryland, Garett William Hughes

History Theses & Dissertations

This study explores social and economic opportunity within Charles County in the context of the seventeenth-century and the founding of the Maryland colony. By illustrating the strong cross-Atlantic ties between England and the Chesapeake region, as well as the impact that a high population turnover rate and unsteady tobacco economy had upon the Maryland colony, this study first establishes the environment that those settlers who chose to immigrate to the Chesapeake inhabited. Further, by utilizing community connections, personal relations, and the legal system, the men and women of Charles County developed new methods in which to access opportunity. The source …

Eco 204 1996 (Last Time), Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A., PhD. (1996). Table of contents for ECO 204: Advanced political economy I [Course outline]. Unpublished manuscript.

• Shaikh, A., PhD. (1996). Themes in current Marxist debates on political economy [Lecture 3, course lecture notes]. ECO 204: Advanced political economy I. Unpublished manuscript.

• Shaikh, A., PhD. (1996). Stagnationist theory: Kalecki and the Monthly Review school [Lecture 5, course lecture notes]. ECO 204: Advanced political economy I. Unpublished manuscript.

• Shaikh, A., PhD. (1996). The regulation and SSA school [Lecture 7, course lecture notes]. ECO 204: Advanced political economy I. Unpublished manuscript.

• Shaikh, A., PhD. (1996). …

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Openness, Economic Growth, And Development: Some Further Results, Zaki Eusufzai

Economics Faculty Works

No abstract provided.

The Price Level Implicit In Keynes' Effective Demand, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes.

• Parrinello, S. (1980, Fall). The price level implicit in Keynes’ effective demand. Journal of Post Keynesian Economics. Publisher details not identified.

• Weintraub, S. (1980, Fall). Comment on aggregate demand and price level diagrammatics. Journal of Post Keynesian Economics. Publisher details not identified.

• Shaikh, A., PhD. (1996, June 14). Finance, expenditure, and effective demand [Unpublished manuscript].

• Shaikh, A., PhD. (1996, June 19). Expectations, Keynes, and Walras’ law [Handwritten notes; unpublished manuscript].

Poverty And Inequality: The Political Economy Of Redistribution, Jon Neill Editor

Upjohn Press

Despite the nation's significant and prolonged economic growth during the 1990s, the portion of aggregate income going to the poorest 20 percent of the population declined, while that of the richest 20 percent grew. The contributors to this volume examine the extent and reasons behind this distribution.

An Empirical Analysis Of Alcohol Addiction, Ismail Sirtalan

Dissertations, Theses, and Capstone Projects

This study is an empirical application of the rational addiction theory to the consumption of alcohol and heavy drinking. The model, developed by Becker and Murphy, emphasizes the interdependency of past current and future consumption of an addictive good. This is different than myopic addiction models where the current consumption is dependent on past consumption but not on future consumption. The data employed is the Monitoring the Future Survey, a panel representative of young adults between seventeen and twenty-seven years old, over a period of fourteen years from 1976 to 1989. Since alcohol abuse is most prevalent in this age …

Suggested Rules For An Unemployment Insurance Law For Poland, Christopher J. O'Leary

Upjohn Institute Technical Reports

No abstract provided.

Econ 106, Anwar Shaikh Phd

Archives of Anwar Shaikh

Contents Include:

• Typed student exams from Econ 106

• Handwritten exam from a course titled Political Economy

• Typed notes by Mike Odin titled Notes on Money: Quantity Theory, Marx’s Theory of Money

• Handwritten notes by an unidentified instructor

• Handwritten notes titled Chronology – Banking System in England

• Handwritten notes titled David Ricardo: The Principles

• Handwritten notes titled Marx’s Critique of Ricardo on Money