Economics Commons^™

Local Economic Development As A Game: We’Re Caught In A Trap, I Can’T Walk Out …, Stephen Ellis, Cynthia Rogers

Regional Research Institute Working Papers

This paper uses game theory to analyze the practice of offering incentives to attract new firms to localities. It demonstrates that in trying to attract firms localities are faced with something like a prisoner’s dilemma: they are compelled to offer incentives but would be better off if they could agree not compete for firms. The dilemma that localities face explains why the bidding war for firms continues to escalate despite calls by economists and politicians for disarmament.

Sense Of Community And Neighbourhood Form: An Assessment Of The Social Doctrine Of New Urbanism, Emily Talen

Regional Research Institute Working Papers

New urbanism , an umbrella term which encompasses `neotrad itional development’ as well as `traditional neighbourhood design’, lives by an unswerving belief in the ability of the built environment to create a `sense of community’. The purpose of this paper is to assess whether the social doctrine of new urbanism can be successfu lly supported or at least integrated with the social science literatu re which deals with the question of com munity form ation . Towards this goal, the paper ®rst delineates the social doctrine of new urbanism, and then discusses the conceptual fram eworks and empirical ®ndings that …

Wavelet Analysis Of Commodity Price Behavior, Russell Davidson, Walter C. Labys, Jean-Baptiste Lesourd

Regional Research Institute Working Papers

We propose a form of semi-nonparametric regression based on wavelet analysis. Traditional time series methods usually involve either the time or the frequency domain, but wavelets can combine the information from both of these. While wavelet transforms are typically restricted to equally spaced observations an integer power of 2 in number, we show how to go beyond these constraints. We use our methods to construct ‘patios’ for 21 important international commodity price series. These graph the magnitude of the variations in the series at different time scales for various subperiods of the full sample.

Weisskopf Cje, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A., PhD. (n.d.). Various macroeconomic equations [Handwritten notes]. Unpublished manuscript.

• Shaikh, A., PhD. (1996, May 26). Buenos Aires presentation: Long-term patterns, basic methodology, and an introduction focusing on Marx’s work as the foundation [Handwritten notes]. Unpublished manuscript.

• Shaikh, A., PhD. (1997, February 9). Measuring excess demand [Handwritten notes]. Unpublished manuscript.

• Shaikh, A., PhD. (1988, June 15–17). Barcelona outline and presentation: Intrinsic dynamics, classical approaches to long-run dynamics, determinants of capacity and output, and their implications [Handwritten notes]. Unpublished manuscript.

• Shaikh, A., PhD. (1997, January 20). SRGOVT4 [Printout for a PERSONAL TUTSIM short-run model with government and …

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Beyond The Uruguey Round: The Indian Perspctive On Gatt: By Bibek Debroy, New Delhi: Response Books, 1996., Shyamal Roy

IIMB Management Review

No abstract provided.

Isolation Or Interdependence? The Impact Of Central City And Metropolitan Statistical Area Economic Growth On The Welfare In Poor, Inner-City Census Tracts, Amy C. Novak

Masters Culminating Experiences (1993-2011)

This paper critically analyzes the relationship between the central city low income census tract and the economic vitality of the central city and the metropolitan statistical area. It attempts to provide an understanding of the impact of central city and metropolitan statistical area (MSA) economic activity on inner-city, poor census tracts. This study began by examining ninety-six low income census tracts in twenty-four of the fifty largest US cities. The variables examined included income levels, employment, and social variables (educational attainment, female-headed households, type of employment, percent of persons in poverty, percent of persons receiving federal public assistance dollars) in …

Kentucky Annual Economic Report 1997, Mark C. Berger, Michael A. Webb, Richard W. Furst, Steven N. Allen

Kentucky Annual Economic Report

No abstract provided.

Measuring The Public Realm: A Case Study, Emily Talen

Regional Research Institute Working Papers

Urban planners are vitally interested in the role, meaning, and use of public space. The recent trend toward building neighborhoods and towns according to the doctrine of new urbanism - a movement which seeks to promote sense of community by adhering to certain principles about the physical arrangement of space - brings the debate about the use of public space and its effect on social life to the forefront. New urbanism stresses the need to resurrect a more civic focus in town planning principles via the provision of public space ( Kunstler, 1996 ; Hochstein, 1994), a view based on …

Toward An Asian Economic Area: By Vr Panchamukhi And Reham Sobham, Nee Delhi: Macmillan India, 1995., Chiranjib Sen

IIMB Management Review

No abstract provided.

Toward A Healthier Environment And A Stronger Economy: How To Achieve Common Ground, Murray L. Weidenbaum, Christopher Douglass, Michael Orlando

Murray Weidenbaum Publications

Economic and environmental interests are typically opponents in the public arena. Most efforts to bridge intellectual differences involve economists trying to get environmentalists to develop an "economic way of thinking" while conversely, ecologists attempt to sway economists toward kinder environmental values. It is time for a new approach to public policy that takes advantage of the middle ground between these two ideologies. This study presents six specific reforms that make both sound economic and environmental sense. These reforms occur within selected government spending programs, special federal tax provisions, and particular regulatory requirements.

Wage Curve, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. (1997, November 12). A note on the wage curve and the RAL hypothesis.

• Typed notes by Ipek (?) and Scott on Myth and measurement: The new economics of the minimum wage by D. Card and A. B. Krueger (December 5, 1995).

• Typed notes on The wage curve by D. G. Blanchflower and A. J. Oswald (1994).

• Typed notes with handwritten additions on the association between wages and unemployment, covering the standard neoclassical supply and demand model, regional distribution, and efficiency wages.

• Handwritten notes for Marx-Keynes (210S) by Ipek (?) and Scott comparing the work …

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Social Contacts And Job Searching: Does Gender Of Contact Matter?, F Carson Mencken

Regional Research Institute Working Papers

In this study, I investigate how the gender of the social contact women use to find jobs affects the gender composition of the jobs that women find. Using a subsample of women in the Metropolitan Employer Worker Survey, I test two competing hypotheses about the effects of gender of social contact using multivariate logistic regression. Controlling for a range of individual, household, occupation/industry and organization variables, the analysis shows that females are significantly less likely to find female dominated jobs when they find their jobs through male contacts, compared to female contacts. Moreover, I also show that traditional measures of …

Macro Framework, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes.

• Shaikh, A. (1997, January 8). Bank sector model [Unpublished handwritten notes].

• Shaikh, A. (n.d.). Calculations and equations [Unpublished handwritten manuscript page].

• Shaikh, A. (1997, February 2). Macrofinance (MF1) [Computer model printout with code, graphs, and handwritten annotations].

Hicks Capital & Growth, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A., PhD. (1988, May 4). Hicks: Capital & growth [Handwritten notes]. Unpublished manuscript.

• Shaikh, A., PhD. (1997, March 7). Monetary base & money supply [Handwritten notes]. Unpublished manuscript.

• Shaikh, A., PhD. (1996, May 26). Buenos Aires [Handwritten notes]. Unpublished manuscript.

• Shaikh, A., PhD. (1997, May). Macrodynamics [Handwritten notes]. Unpublished manuscript.

• Shaikh, A., PhD. (1997, May). (Mexico 5/97) Macro dynamics, cycles, & growth [Handwritten notes]. Unpublished manuscript.

Eco 210s General, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A., PhD. (1997, September 26). RAL [Handwritten notes; unpublished manuscript].

• Kuznets, S. (1965). Economic growth and income inequality. In Economic growth and structure: Selected essays (pp. xx–xx). W. W. Norton & Company.

• Shaikh, A., PhD. (1997, Summer). Economic issues in current political debates [Syllabus for Econ 125; unpublished manuscript].

• Shaikh, A. M. (1991, Fall). Curriculum vitae [Unpublished manuscript].

• Shaikh, A., PhD. (1996, Summer). Economic issues in the upcoming elections [Syllabus for Econ 125; unpublished manuscript].

• Shaikh, A., PhD. (1993, September 12). Macroeconomic references [Unpublished manuscript].

• Shaikh, A., PhD. …

Expanding The Scope Of Individual Risk Management: Moral Hazard And Other Behavioral Considerations, Robert J. Shiller

Cowles Foundation Discussion Papers

There is a large potential for improving individual risk management through new risk management contracts and associated new index-settled derivatives. However, there are some difficult problems in designing contracts so that they will be used effectively. Individuals have idiosyncratic individual risks that can be hedged only at some real resource cost due to moral hazard. Individuals seem to exhibit behavior indicative of lack of appreciation of the principles of risk management. These problems are discussed, and some potential new risk management contracts that would make improvements in the management of major income risks are proposed

The Determinants Of Agriculture Growth In China, 1978-89, Jiefei Qiu

Masters Theses

Agriculture growth in China during the first dozen years of the economic reform could be attributed to an increase in inputs, technological progress, and institutional innovation. This paper introduces a couple of measurements for technological change and institutional reform, which include the imported capital for advanced technology, the number of high school graduates for improved human capital and the size of the free market for price reform. The study examines the effects of education, foreign capital, and price reform in rural China using data for both agriculture and farming over the period of 1978-89. Descriptions are made regarding the changes …

Accounting For The Change In Income Disparities Between Us Central Cities And Their Suburbs From 1980 To 1990, Edward W. Hill, Harold L. Wolman

All Maxine Goodman Levin School of Urban Affairs Publications

Develops a method that uses cluster analysis to group central cities in the United States. Selection of the candidate cluster solutions; Median characteristics of the clusters; Stressed central cities; Healthy central cities.

Stochastic Algorithms For Dynamic Models: Markov Perfect Equilibrium, And The ‘Curse’ Of Dimensionality, Ariel Pakes, Paul Mcguire

Cowles Foundation Discussion Papers

This paper provides an algorithm for computing policies for dynamic economic models whose state vectors evolve as ergodic Markov processes. The algorithm can be described as a simple learning process (one that agents might actually use). It has two features which break the relationship between its computational requirements and the dimension of the model’s state space. First the integral over future states needed to determine policies is never calculated; rather it is estimated by a simple average of past outcomes. Second, the algorithm never computes policies at all points. Iterations are defined by a location and only policies at that …

Consistent Moment Selection Procedures For Generalized Method Of Moments Estimation, Donald W.K. Andrews

Cowles Foundation Discussion Papers

This paper considers a generalized method of moments (GMM) estimation problem in which one has a vector of moment conditions, some of which are correct and some incorrect. The paper introduces several procedures for consistently selecting the correct moment conditions. The procedures also can consistently determine whether there is a sufficient number of correct moment conditions to identify the unknown parameters of interest. The paper specifies moment selection criteria that are GMM analogues of the widely used BIC and AIC model selection criteria. (The latter is not consistent.) The paper also considers downward and upward testing procedures. All of the …

Xr Project, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes.

• Shaikh, A., PhD. (n.d.). Notes on national competition, absolute advantage, standard model empirical evidence, and Marx’s response to Ricardo’s problem [Unpublished handwritten notes].

• Shaikh, A., PhD. (n.d.). Effective real exchange rates and effective real unit labor costs: S. Africa [Unpublished chart].

• Shaikh, A., PhD. (n.d.). Interest rate differentials: U.S.–trading partners (long term and short term) [Unpublished chart].

• Shaikh, A., PhD. (n.d.). Industrial RULC and real exchange rate [Unpublished chart].

• Shaikh, A., PhD. (n.d.). Short-term interest rate differentials and capital inflow [Unpublished chart].

• Shaikh, A., PhD. (n.d.). Greece: RXR vs. RULCRATIO [Unpublished …

Development, Change, And Poverty In The Informal Sector During The Era Of Structural Adjustments In Tanzania, Joe Lugalla

Institute for Educational Development, East Africa

This article focuses on periods of economic crisis and structural adjustments in Tanzania, when the informal sector changed both quantitatively and qualitatively. It highlights that the traditional view that the informal sector accommodated the unemployed, the poor, the unskilled, as well as utilizing family labour and local resources, was questionable in most of the sub-Saharan countries which were experiencing a severe economic crisis and have adopted structural adjustment policies (SAPs). The author suggests that policy programs aimed at promoting the informal sector should acknowledge the fact that the crisis, as well as SAPs, have forced not only the poor, but …

Game Theory And Its Practical Applications, Angela M. Koos

Presidential Scholars Theses (1990 – 2006)

Game theory identifies players' optimal strategies in the face of interdependence and uncertainty . Games can be divided into two-person and n-person games, zero-sum and nonzero-sum games, and cooperative and non-cooperative games. Although this paper does not touch upon all of these aspects of game theory, it does offer a nice introduction of game theory and its applications for those who are not mathematical specialists.

The Effects Of Federal Spending On Earnings Change In Appalachia, F. Carson Mencken, James H. Noonan

Regional Research Institute Working Papers

In this paper we investigate the effects of federal spending on earnings change in Appalachian counties during the 1983-88 recovery and 1989-92 recession. Specifically, we explore the effects of federal spending from grants/research, procurement, salary/wages and defense. The analysis controls for key concepts in the human ecology and new urban sociology. The dependent variables are earnings change for each business cycle from a shift-share analysis, which decomposes county earnings change into that from nationally declining industries. The analysis shows that federal spending has no effect on earnings change, when it is considered as an aggregate measure. However, when federal spending …

Linking Spatial Statistics With Gis: Operational Issues In The Spacestat-Arcview Link And The S+Grassland Link, Shuming Bao, Luc Anselin

Regional Research Institute Working Papers

The extension of the functional capacity of geographic information systems (GIS) with tools for exploratory spatial data analysis (ESDA) has been an increasingly active area of research in recent years. In this paper, two operational implementations that link spatial analysis software with a GIS are considered more closely. They consist of a linkage between the SpaceStat software for spatial data analysis and the ArcView GIS (based on socalled loose coupling), and the S+Grassland Link between S-PLUS/SpatialStats and Grassland GIS (based on so-called close coupling). The emphasis is on the implementation of methods of exploratory spatial data analysis to describe spatial …

Regional Economic Effects Of University Research: A Survey, Attila Varga

Regional Research Institute Working Papers

Previous research is classified into four broad categories in this paper: the study of a university’s impact on the location choice of high technology facilities, the investigation of university impact on the spatial distribution of high technology production, the analysis of the spatial pattern of industrial research and development activities, and the modeling of local knowledge transfers emanating from academic institutions. It is found that the university effect on the location choice of high technology facilities depends on certain area characteristics. There is a strong evidence in the literature of local academic technology transfers. Regarding the effect of university technology …

Rao’S Score Test In Spatial Econometrics, Luc Anselin

Regional Research Institute Working Papers

Rao's score test provides an extremely useful framework for developing diagnostics against hypotheses that reflect cross-sectional or spatial correlation in regression models, a major focus of attention in spatial econometrics. In this paper, a review and assessment is presented of the application of Rao's score test against three broad classes of spatial alternatives: spatial autoregressive and moving average processes, spatial error components and direct representation models. A brief review is presented of the various forms and distinctive characteristics of RS tests against spatial processes. New tests are developed against the alternatives of spatial error components and direct representation models. It …

A Kalman-Filter Approach To Estimating The Natural Rate Of Unemployment, Victor V. Claar

Regional Research Institute Working Papers

The terms “NAIRU” and “natural rate of unemployment” are not interchangeable. Further, while there is a consensus that the NAIRU represents an empirical macroeconomic relationship, little agreement exists regarding what is meant by the “natural rate of unemployment.” This paper estimates the natural rate of unemployment, defined here as the unemployment rate corresponding to equilibrium in the labor market. Rather than employ a Phillips curve, the model utilizes a macroeconomic-principles-level decomposition of the unemployment rate into its cyclical and noncyclical components. We then evaluate the estimated natural rate series by examining its relationship to structural variables from the labor market.

A Spatial Analysis Of Southern Gubernatorial Elections: 1965-1997, Chuck Failing Iv

Regional Research Institute Working Papers

For nearly a century the Democratic Party exerted an unmatched influence at all levels of government in the southern United States. This is particularly true in the eleven former Confederate states: Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Texas, and Virginia. In turn, the policies and personalities of politicians and voters in the South played immense roles in shaping the national Democratic Party and national policies. This paper illustrates the dynamics of political change in the South at the gubernatorial level, and quantifies the magnitude of change over time with statistical analysis.

Measuring Governors’ Effectiveness: A Control Group Study, Brad Keller

Regional Research Institute Working Papers

This research sought empirical evidence that the policies of celebrated governors of Pennsylvania, Massachusetts, and Arkansas led to increases in employment in their state. The counties of those states were matched with counties from other states based on variables thought to affect economic growth. Differences between the matched pairs were then examined in seventeen major sectors. Little regional support was found for the conclusion that the policies stimulated the counties’ economies. The Pennsylvania counties lagged behind the match counties before the policies went into effect and continued to do so afterward. Massachusetts counties experienced relative growth in transportation and public …