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2007

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Articles 31 - 54 of 54

Full-Text Articles in Regional Economics

Competing Visions Of U.S. Agriculture: Can We Have Our Cake And Eat It Too In Reforming Federal Farm Policy?, Thomas L. Dobbs Feb 2007

Competing Visions Of U.S. Agriculture: Can We Have Our Cake And Eat It Too In Reforming Federal Farm Policy?, Thomas L. Dobbs

Economics Commentator (1972- 2016)

No abstract provided.

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Higher Education, The Health Care Industry, And Metropolitan Regional Economic Development: What Can "Eds & Meds" Do For The Economic Fortunes Of A Metro Area's Residents?, Timothy J. Bartik, George A. Erickcek Feb 2007

Higher Education, The Health Care Industry, And Metropolitan Regional Economic Development: What Can "Eds & Meds" Do For The Economic Fortunes Of A Metro Area's Residents?, Timothy J. Bartik, George A. Erickcek

Upjohn Institute Working Papers

This paper examines the effects of expansions in higher educational institutions and the medical service industry on the economic development of a metropolitan area. This examination pulls together previous research and provides some new empirical evidence. We provide quantitative evidence of the magnitude of economic effects of higher education and medical service industries that occur through the mechanism of providing some export-base demand stimulus to a metropolitan economy. We also provide quantitative evidence on how much higher education institutions can boost a metropolitan economy through increasing the educational attainment of local residence. We estimate that medical service industries pay above …

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Perspectives Of Cow/Calf Producers In The Dakotas On The Price Discover Process, Martin Beutler, Scott Fausti, Bashir Qasmi Jan 2007

Perspectives Of Cow/Calf Producers In The Dakotas On The Price Discover Process, Martin Beutler, Scott Fausti, Bashir Qasmi

Economics Commentator (1972- 2016)

No abstract provided.

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Global Impact Of Energy Use In Middle East Oil Economies: A Modeling Framework For Analyzing Technology-Energy-Environment-Economy Chain, Hodjat Ghadimi Jan 2007

Global Impact Of Energy Use In Middle East Oil Economies: A Modeling Framework For Analyzing Technology-Energy-Environment-Economy Chain, Hodjat Ghadimi

Regional Research Institute Working Papers

To explore choices of improving energy efficiency in energy-rich countries of the Middle East, this study lays out an integrated modeling framework for analyzing the technology-energy-environment-economy chain for the case of an energy exporting country. This framework consists of an input output process-flow model (IOPM) and a computable general equilibrium (CGE) model. The former investigates the micro-level production processes and sectoral interdependencies to show how alternative technologies affect the energy intensity of the economy (Lin, Polenske 1998 and Polenske, McMichael 2002). The latter belongs to the optimal depletion category of CGE models that analyzes energy economy interaction; it is an …

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Modeling And Estimation Issues In Spatial Simultaneous Equations Models, Gebremeskel H. Gebremariam Jan 2007

Modeling And Estimation Issues In Spatial Simultaneous Equations Models, Gebremeskel H. Gebremariam

Regional Research Institute Working Papers

Spatial dependence is one of the main problems in stochastic processes and can be caused by a variety of measurement problems that are associated with the arbitrary delineation of spatial units of observation (such as counties boundaries, census tracts), problems of spatial aggregation, and the presence of spatial externalities and spillover effects. The existence of spatial dependence would then mean that the observations contain less information than if there had been spatial independence. Consequently, hypothesis tests and the statistical properties for estimators in the standard econometric approach will not hold. Thus, in order to obtain approximately the same information as …

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

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

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Part 1: Back To Earth: The Regional Economy Slows Down, Regional Studies Institute, Old Dominion University Jan 2007

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.

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Part 3: 'Tis Better To Give Than To Receive: Charitable Giving In Hampton Roads, Regional Studies Institute, Old Dominion University Jan 2007

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.

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Part 2: Hidden In Plain Sight: The Ship Repair Industry In Hampton Roads, Regional Studies Institute, Old Dominion University Jan 2007

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.

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Part 5: Affordable Housing In Hampton Roads: Facts And Issues, Regional Studies Institute, Old Dominion University Jan 2007

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.

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Part 4: The Filipino American Community Of Hampton Roads, Regional Studies Institute, Old Dominion University Jan 2007

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.

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Part 6: Low Glamour, But Large Economic Impact: The Aau Junior Olympics, Regional Studies Institute, Old Dominion University Jan 2007

Part 6: Low Glamour, But Large Economic Impact: The Aau Junior Olympics, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

National amateur athletic events Hampton Roads hosts have flown under the radar insofar as their economic impact is concerned, but their impact is greater than that of local professional and collegiate teams, and virtually every city in the region benefits. The 2006 AAU Junior Olympics alone had an incremental economic impact of $50 million, primarily generated by visitors from outside of the region.

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Part 7: Is Hampton Roads Receiving It's "Fair" Share From The Commonwealth?, Regional Studies Institute, Old Dominion University Jan 2007

Part 7: Is Hampton Roads Receiving It's "Fair" Share From The Commonwealth?, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

All things considered, the region has a case to make when it argues that it receives less than its “fair” share of state government spending. The geographic distribution of expenditures is particularly disadvantageous to Hampton Roads in the areas of K-12 education and car tax reimbursements, but less so in transportation and higher education.

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National And State Economic And Environmental Impacts Of Netl, Lisa Phares, Deborah Lange, Chris Hendrickson, Randall Jackson Jan 2007

National And State Economic And Environmental Impacts Of Netl, Lisa Phares, Deborah Lange, Chris Hendrickson, Randall Jackson

National Energy Technology Laboratory

This report documents the development of state-level input-output models for Pennsylvania and West Virginia and the augmentation of the national input-output model with employment data. The models were developed to assess the economic and environmental impacts of expenditures and employment at, and research and development awards originating from, the National Energy Technology Laboratory (NETL) sites located in Pittsburgh, PA and Morgantown, WV.

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Farmland Preservation Programs In West Virginia: A Preliminary Inquiry Into The Merits Of Purchase Development Rights, Odd Stalebrink, Samuel E. Wilkinson Jan 2007

Farmland Preservation Programs In West Virginia: A Preliminary Inquiry Into The Merits Of Purchase Development Rights, Odd Stalebrink, Samuel E. Wilkinson

Regional Research Institute Working Papers

To prevent the loss of farmland in West Virginia, the Voluntary Farmland Protection Act (VFPA) was passed in 2000. This act gives counties and the State authority to develop and fund local farmland protection programs, which typically involve a voluntary sale by a landowner of the right to develop the farmland. Following the purchase, the purchaser (often a government or a land trust) would retire the property. Since the inception of the VFPA, 5,000 acres of farmland have been retired in West Virginia. The objective of the paper is to assess the merit of this legislation in terms of its …

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Conditional Logit, Iia, And Alternatives For Estimating Models Of Interstate Migration, Christiadi, Brian Cushing Jan 2007

Conditional Logit, Iia, And Alternatives For Estimating Models Of Interstate Migration, Christiadi, Brian Cushing

Regional Research Institute Working Papers

Many researchers have used the conditional logit model to examine migration. One common objection to this model is that it carries the independence from irrelevant alternatives (IIA) assumption, which may be too restrictive. This study compares the conditional logit with models that partially relax (nested logit) or fully relax (mixed logit) the IIA assumption. We will begin to learn whether assuming IIA holds poses serious estimation problems for migration modeling. Given the substantial computational cost of the more complex models, a finding that a well-specified, but computationally much simpler, conditional logit model may suffice would be useful.

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Agricultural Land Development In The Northeast United States: A Spatial Simultaneous Growth Equilibrium Model, Yohannes G. Hailu, Cheryl Brown Jan 2007

Agricultural Land Development In The Northeast United States: A Spatial Simultaneous Growth Equilibrium Model, Yohannes G. Hailu, Cheryl Brown

Regional Research Institute Working Papers

This study introduces a spatial simultaneous growth model to examine the impact of regional growth on agricultural land development. County level data on growth factors, land values, farmland density and a set of exogenous variables are used from 12 Northeast states. Results indicate that regional growth, accessibility, and growth in neighboring counties may negatively impact agricultural land density. Farmland protection policies did not have a significant impact in reducing agricultural land development. Based on these results, cross-county and cross-state land use policy coordination may provide better land management outcomes than a county-level focus that disregards growth and land development interdependences.

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The Role Of Institutions Of Private Property Rights And Money In Entrepreneurial Discovery, Odd Stalebrink, John Sacco, Gerald Bushee Jan 2007

The Role Of Institutions Of Private Property Rights And Money In Entrepreneurial Discovery, Odd Stalebrink, John Sacco, Gerald Bushee

Regional Research Institute Working Papers

This paper examines the influence of private property rights and monies on entrepreneurial discovery. A framework is presented and tested, which views these two institutions as key determinants of entrepreneurial discovery. Using several measures as proxies for their influence, two variables, minimum wage legislation and percentage government employment, support the idea that private property rights and monies are associated with entrepreneurial discovery as indicated by business starts, failures, patents and bankruptcy.

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Modeling Small Business Growth, Migration Behavior, Local Public Services And Household Income In Appalachia: A Spatial Simultaneous Equations Approach, Gebremeskel H. Gebremariam Jan 2007

Modeling Small Business Growth, Migration Behavior, Local Public Services And Household Income In Appalachia: A Spatial Simultaneous Equations Approach, Gebremeskel H. Gebremariam

Regional Research Institute Working Papers

In this paper, a spatial simultaneous growth equilibrium model of small business growth, migration behavior, median household income and local public expenditures is developed. The model is empirically estimated by Generalized Spatial Three-Stage Least Squares estimator using count-level data from Appalachia for 1990-2000. The results suggest the existence of interdependence among the growth rates of small business, gross in-and out-migration, median household income and local public services in the form of feedback simultaneities, spatial autoregressive lag and spatial cross-regressive lag simultaneities. The findings also suggest the existence of conditional convergence with respect to endogenous variables of the model. The speeds …

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An Empirical Analysis Of Employment, Migration, Local Public Services And Regional Income Growth In Appalachia, Gebremeskel H. Gebremariam, Tesfa Gebremedhin, Peter V. Schaeffer, Randall Jackson, Tim Phipps Jan 2007

An Empirical Analysis Of Employment, Migration, Local Public Services And Regional Income Growth In Appalachia, Gebremeskel H. Gebremariam, Tesfa Gebremedhin, Peter V. Schaeffer, Randall Jackson, Tim Phipps

Regional Research Institute Working Papers

This study develops a five-equation simultaneous system in a partial lagadjustment growth-equilibrium framework. It improved previous models in the growthequilibrium tradition by explicitly modeling local government and regional income in the growth process. It also explicitly modeled gross in-migration and gross out-migration separately in order to spell out the differential effects. The results show the existence of feedback simultaneities among the endogenous variables of the model. This finding is important from economic policy perspective because it indicates that sector specific policies should be integrated and harmonized in order to achieve the desirable outcome. Under this circumstance, looking at the direct …

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A Spatial Model Of Regional Variations In Business Growth In Appalachian States, Gebremeskel H. Gebremariam, Tesfa Gebremedhin, Peter V. Schaeffer, Tim Phipps, Randall Jackson Jan 2007

A Spatial Model Of Regional Variations In Business Growth In Appalachian States, Gebremeskel H. Gebremariam, Tesfa Gebremedhin, Peter V. Schaeffer, Tim Phipps, Randall Jackson

Regional Research Institute Working Papers

In this study, a spatial growth equilibrium model of business growth is developed and empirically estimated by Generalized Spatial Two-Stage Least Squares (GS2SLS) estimator using cross-sectional data from Appalachian States counties for 1990-2000. Beside the existence of spatial spillover effects, the results suggest that agglomerative effects that arise from both the demand and the supply sides were active in contributing to business growth in the study area during the study period. The policy implications of these findings are: (1) Regional cooperation of counties and communities is advisable and may even in fact be necessary to design appropriate policies that encourage …

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Issues In The Implementation Of Interregional Commodity By Industry Input-Output Models, Randall Jackson, Walter R. Schwarm Jan 2007

Issues In The Implementation Of Interregional Commodity By Industry Input-Output Models, Randall Jackson, Walter R. Schwarm

Regional Research Institute Working Papers

A number of procedures for generating interregional social accounting matrices have been developed recently (Canning and Wang 2005, Robinson and Liu 2006, Jackson et al. 2006, Lindall, Olson and Alward 2006). While each approach shares the fundamental structure of the resulting accounting framework, very little attention has been devoted to the use of these accounts in impacts assessment application. This paper presents the common framework for organization of the data, addresses a number of issues surrounding such applications and demonstrates the implications of adopting different assumptions.

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A Spatial Panel Simultaneous-Equations Model Of Business Growth, Migration Behavior, Local Public Services And Household Income In Appalachia, Gebremeskel H. Gebremariam, Tesfa Gebremedhin, Peter V. Schaeffer, Tim Phipps, Randall Jackson Jan 2007

A Spatial Panel Simultaneous-Equations Model Of Business Growth, Migration Behavior, Local Public Services And Household Income In Appalachia, Gebremeskel H. Gebremariam, Tesfa Gebremedhin, Peter V. Schaeffer, Tim Phipps, Randall Jackson

Regional Research Institute Working Papers

In this paper we develop a spatial panel simultaneous-equations model of business growth, migration behavior, local public services and median household income in a partial lag-adjustment growth-equilibrium framework and utilizing a one-way error component model for the disturbances. This model is an extension of the “jobs follow people or people follow jobs” literature and it improved previous models in the growth-equilibrium tradition by: (1) explicitly modeling local government and regional income in the growth process; (2) explicitly modeling gross in-migration and gross out-migration separately in order to spell out the differential effects, which used to be glossed over under net …

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Impacts Of Regional Growth On Farmland Development In The Northeast U.S., Yohannes G. Hailu, Cheryl Brown Jan 2007

Impacts Of Regional Growth On Farmland Development In The Northeast U.S., Yohannes G. Hailu, Cheryl Brown

Regional Research Institute Working Papers

This study models the relationship between regional growth and agricultural land development in the Northeast United States. A system of simultaneous equations is estimated using three-stage-least squares on county-level data. Results indicate that regional growth puts upward pressure on agricultural land values and downward pressure on the stock of agricultural land. Farm performance and some farmland protection policies were not effective in limiting farmland development.

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