Regional Economics Commons^™

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.

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.

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.

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 …

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 …

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 …

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.

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 …

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.

An Analysis Of Cruise Tourism In The Caribbean And Its Impact On Regional Destination Ports, Adrian Hilaire

World Maritime University Dissertations

No abstract provided.

Rural Women Entrepreneurship In South Dakota, Carol J. Cumber, Abbigail Meeder

Economics Commentator (1972- 2016)

No abstract provided.

Current Account Balances, Financial Development And Institutions: Assaying The World “Saving Glut”, Menzie David Chinn, Hiro Ito

Economics Faculty Publications and Presentations

We critically assess several of the key assertions underlying the global saving glut hypothesis. First, we investigate whether the behavior of the U.S. current account behavior is anomalous in light of previous industrial country experience. Second, we determine whether East Asian current account balances are predictable using standard macroeconomic variables, augmented with institutional factors. Finally, we investigate whether higher levels of financial development in key East Asian economies would result in smaller current account surpluses. We find that a one percentage-point increase in the budget balance would increase the current account balance by 0.10 to 0.49 percentage-points for industrialized countries, …

How Do The Effects Of Local Growth On Employment Rates Vary With Initial Labor Market Conditions?, Timothy J. Bartik

Upjohn Institute Working Papers

This paper examines how the effects of increased employment growth on a metropolitan area's employment to population ratio varies with the initial tightness of the metropolitan area's labor market. This examination is relevant to evaluating the benefits of local economic development policies in different metropolitan areas. Much of the benefits of such policies are in higher employment rates. The empirical estimates suggest that the effectiveness of employment growth in increasing the employment to population ratio is lower in metropolitan areas with "tight" labor markets. In addition, some estimates suggest that growth has the greatest long-run effects on the employment to …

Agri-Environmental Policy Options For Working Lands In The Next United States Farm Bill, Thomas L. Dobbs

Economics Commentator (1972- 2016)

No abstract provided.

Latino Political Participation In Nebraska: The Challenge Of Enhancing Voter Mobilization And Representation - Ollas Report No. 3, Jonathan Benjamin-Alvarado

Latino/Latin American Studies Reports

This OLLAS policy brief seeks to enhance basic information regarding the role Latinos will play in shaping the future of politics in Nebraska in the short and medium term. Because issues such as immigration policy, fair housing, labor practices, and public education have risen to the top of the political agenda nationally and statewide, and because these issues most directly impact the lives of Nebraska’s growing Latino constituencies legitimately, we must consider to what extent Latino stakeholders can shape the debate and articulate acceptable policy responses to these matters.

How effectively these issues are dealt with will have major implications …

Borderplex Economic Outlook: 2006-2008, Thomas M. Fullerton Jr.

Border Region Modeling Project

No abstract provided.

The Geography Of American Poverty: Is There A Need For Place-Based Policies?, Mark D. Partridge, Dan S. Rickman

Upjohn Press

Partridge and Rickman explore the wide geographic disparities in poverty across the United States. Their focus on the spatial dimensions of U.S. poverty reveals distinct differences across states, metropolitan areas, and counties and leads them to consider why antipoverty policies have succeeded in some places and failed in others.

Perspectives Of Cow/Calf Producers In The Dakotas - Marketing Channel Selection, Martin Beutler, Scott Fausti, Bashir Qasmi

Economics Commentator (1972- 2016)

No abstract provided.

Crp In South Dakota: Potential Effects On South Dakota Agriculture, Gary Taylor, Larry Janssen

Economics Commentator (1972- 2016)

No abstract provided.

The State Of The Region: Hampton Roads 2006, James V. Koch, Vinod Agarwal, Adrianne Barrett, David Basco, John R. Broderick, Chris Colburn, Vicky Curtis, Steve Daniel, Susan Hughes, Marshall Hutto, Elizabeth Janik, Mark Koch, Feng Lian, Terry Lindvall, Sharon Lomax, Janet Molinaro, John A. Sokolowski, Ray White, Gilbert Yochum

Economics Faculty Books

This is Old Dominion University's seventh 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 …

Winter Wheat Decisions, Jack Davis, Matthew Diersen, Alan May

Economics Commentator (1972- 2016)

No abstract provided.

Michigan's Economic Competitiveness And Public Policy, Timothy J. Bartik, George A. Erickcek, Wei-Jang Huang, Brad R. Watts

Reports

No abstract provided.

An Evaluation Of Michigan Regional Skills Alliances (Mirsas): Final Report, Kevin Hollenbeck, Randall W. Eberts

Reports

No abstract provided.

Economic Impacts Of Alternative Sized Dairies In South Dakota, Erik Gerlach, Larry Janssen, Gary Taylor, Alvaro Garcia

Economics Commentator (1972- 2016)

No abstract provided.

A Simple Gift? The Impact Of The Kalamazoo Promise On Economic Revitalization, Michelle Miller-Adams

Employment Research Newsletter

No abstract provided.

Development Of A Regional Economic Dashboard, Randall W. Eberts, George A. Erickcek, Jack Kleinhenz

Employment Research Newsletter

No abstract provided.

South Dakota Agricultural Land Values And Cash Rental Rates: 2006, Burton Pflueger, Larry Janssen

Economics Commentator (1972- 2016)

No abstract provided.

Berrien County 2005 To 2015 Economic Forecast: Final Report, George A. Erickcek, Brad R. Watts

Reports

No abstract provided.

Spring Cattle Market Review, Matthew Diersen

Economics Commentator (1972- 2016)

No abstract provided.

Projecting The Economic Impact Of The Fayetteville Shale Play For 2005-2008, Jeffery T. Collins, Katherine A. Deck

Publications and Presentations

This study projects the general economic impact from exploration and development activities related to the Fayetteville Shale. The Fayetteville Shale is an unconventional gas reservoir located on the Arkansas side of the Arkoma Basin, ranging in thickness from 50 to 325 feet and ranging in depth from 1,500 to 6,500 feet. The Fayetteville Shale is aerially extensive and may be present across numerous counties in central and eastern Arkansas, including the counties of Cleburne, Conway, Faulkner, Independence, Johnson, St. Francis, Prairie, Van Buren, White, and Woodruff.