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Regional Economics Commons™

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2005

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Articles 31 - 39 of 39

Full-Text Articles in Regional Economics

Part 5: Our Art Galleries And Museums: Will They Survive?, Regional Studies Institute, Old Dominion University Jan 2005

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.

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Commodity Price Fluctuations: A Century Of Analysis, Walter C. Labys Jan 2005

Commodity Price Fluctuations: A Century Of Analysis, Walter C. Labys

Regional Research Institute Working Papers

Commodity prices again! The twentieth century has only been the latest spectator to the impacts and importance of commodity price fluctuations. It is reasonably well known that commodity price records have come down to us from the ancient civilizations of India, Mesopotamia, Egypt, Greece and Rome. Earlier in the century, formal research began on the relationships between agricultural demand, supply and prices in a market context. This research not only evolved in sophistication but extended to mineral and energy commodities. Also at the beginning of the century, some of the earliest work took place on applying statistical methods to price …

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Assessing Demographic Changes And Income Inequalities: A Case Study Of West Virginia, Yohannes G. Hailu, Tesfa Gebremedhin, Randall Jackson Jan 2005

Assessing Demographic Changes And Income Inequalities: A Case Study Of West Virginia, Yohannes G. Hailu, Tesfa Gebremedhin, Randall Jackson

Regional Research Institute Working Papers

The study examines the trends in demographic changes and income inequalities in West Virginia from 1990 to 2000. The relationship between economic growth and income inequality is tested using a system of equations model and county level data. The empirical results indicate that except for 65 years and above age group, income inequality increased in all other age groups. The highest increase was in the age group under 25 years and those 35 to 44 years. Using 3-Stage-Least-Squares estimations, the endogenous dependent variable per capita income growth was positively related with population and employment growth, but it is significantly and …

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Factors Influencing Venture Capital Availability In Rural States: Possible Lessons Learned From West Virginia, David W. Hughes, Kris Mallory, Mihaela A. Szabo Jan 2005

Factors Influencing Venture Capital Availability In Rural States: Possible Lessons Learned From West Virginia, David W. Hughes, Kris Mallory, Mihaela A. Szabo

Regional Research Institute Working Papers

Venture capital has been identified by many as a vital element in the rapid economic growth of certain regions. The lack of access to capital, especially equity capital, has been identified as a major constraint to the economic growth of rural areas (i.e., venture capital access, as a centripetal force, concentrates rather than disperses economic activity). Researchers have advanced a focus on primarily urban sectors, such as information technologies, higher administration costs due to a lack of deal flow, and a limited support network for entrepreneurs as explanations for the lack of venture capital in rural areas. Yet, some venture …

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Loglinear Residual Tests Of Moran’S I Autocorrelation: An Application To Kentucky Breast Cancer Data, Ge Lin, Tonglin Zhang Jan 2005

Loglinear Residual Tests Of Moran’S I Autocorrelation: An Application To Kentucky Breast Cancer Data, Ge Lin, Tonglin Zhang

Regional Research Institute Working Papers

Spatial regressions have been widely used, but their use with the permutation tests of residuals either in linear or loglinear models is rarely seen. In the present study, we have linked the Cliff-Ord permutation test of Moran’s I on linear regression errors to loglinear regression residuals under asymptotic normality. We devised both Pearson residual Moran’s IP R and deviance residual Moran’s IDR tests and applied them to a set of log-rate models for early stage and late-stage breast cancer together with socioeconomic and access-to-care data in Kentucky. The results showed that socioeconomic and access-to-care variables were sufficient to account for …

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Cross-Border Shopping And The Sales Tax: A Reexamination Of Food Purchases In West Virginia, Mehmet Serkan Tosun, Mark Skidmore Jan 2005

Cross-Border Shopping And The Sales Tax: A Reexamination Of Food Purchases In West Virginia, Mehmet Serkan Tosun, Mark Skidmore

Regional Research Institute Working Papers

In this paper we present new evidence of cross-border shopping in response to sales taxation. While several instructive studies provide estimates of the cross-border shopping effect, we utilize a unique opportunity to evaluate the effect of a large discrete change in sales tax policy. Using county level data on food income and sales tax data for West Virginia over the 1982-2000 period we estimate that for every one-percentage point increase in the county relative price ratio due to sales tax change, the per capita food income decreases by about 0.7 percent. Our estimates indicate that food sales fell in West …

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The Role Of Welfare And Space In The Migration Of The Poor, Brian Cushing Jan 2005

The Role Of Welfare And Space In The Migration Of The Poor, Brian Cushing

Regional Research Institute Working Papers

This study investigates whether interstate differences in welfare benefits affected destination choices of low-income households in the United States during the 1985-90 period. It considers place-to-place migration decisions of poor single-parent females within a conditional logit framework. The research develops an array of variables that add a substantial spatial component to the analysis. The empirical results reconcile conclusions of recent academic literature with the views of state policy officials, but in a somewhat unexpected way. This study finds only modest evidence of a welfare magnet effect, and only for contiguous states. On the other hand, the study strongly confirms the …

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Formula Apportionment, Tax Competition, And The Provision Of Local Goods, Santiago M. Pinto Jan 2005

Formula Apportionment, Tax Competition, And The Provision Of Local Goods, Santiago M. Pinto

Regional Research Institute Working Papers

The paper develops an analytical framework where regional governments strategically determine the structure of the corporate profit tax system and profits are regionally allocated using an apportionment formula. Two important results emerge in a symmetric Nash equilibrium: (i) investment decisions are distorted, i.e., regional governments will not allow complete deduction of capital costs from taxable corporate profits; and (ii) there is underprovision of the good provided by the regional government, consistent with the literature on property tax competition. The paper also shows that the degree of underprovision may be less severe when the formula employs sales shares to apportion corporate …

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Do Professional Sports Franchises And New Sports Facilities Have A Postive Impact On The Local Economy?, Kevin Mcdonough Jan 2005

Do Professional Sports Franchises And New Sports Facilities Have A Postive Impact On The Local Economy?, Kevin Mcdonough

Seton Hall University Dissertations and Theses (ETDs)

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