Regional Economics Commons^™

Assessing The Economic Impact Of The Fayetteville, Arkansas Smoking Ban, Jeffery T. Collins

Publications and Presentations

This report is the third in a series of studies examining the impact of the implementation of the smoke-free ordinance in Fayetteville, Arkansas in March of 2004. The ban on smoking in public places in Fayetteville provides an opportunity to scientifically investigate the economic impact of this change in public policy. By comparing pre-ban historical economic growth rates to post-ban growth rates both within the city of Fayetteville and in comparable communities, some measure of the impact can be developed. Variables of interest include hotel, motel, and restaurant (HMR) taxes, employment, and sales taxes. The changes in these variables need …

Capm And Home Bias; Prospective Plantings Analysis, Ding Du, Alan May

Economics Commentator (1972- 2016)

No abstract provided.

Farm Income Outlook 2006, Burton Pflueger, Jack Davis

Economics Commentator (1972- 2016)

No abstract provided.

Investor Reluctance To Invest In Foreign Equities, John A. Sondey, Sarah L. Thompson

Economics Commentator (1972- 2016)

No abstract provided.

Michigan's Business Taxes And Economic Development: Possible Reforms, Timothy J. Bartik

Testimonies

No abstract provided.

Theses & Papers By Master's Degree Students In The Department Of Economics: 2005, Matthew Diersen, Larry Janssen

Economics Commentator (1972- 2016)

No abstract provided.

An Evaluation Of Method For Constructing Commodity By Industry Flow Matrices, Walter R. Schwarm, Yasuhide Okuyama, Randall Jackson

Faculty & Staff Scholarship

The lack of consistent, reliable data on interregional trade and interindustry transactions hampers complete analysis of regional models. This study implements and tests interindustry transaction flows in a national system of economic regions derived from an interregional accounting framework and initial information on interregional shipments. The method used to construct an interregional Commodity by Industry Flow matrix for the United States involves the construction of single-state SAMs. The interregional flows connecting states are estimated using a method based on the Commodity Flow Survey data published by the Bureau of Transportation Statistics, which adjusts the estimated interregional SAM to insure the …

Resource Inventory And Assessment: Vision Shared Focus Team On Technology-Based Economic Development, Randall Jackson, Walter R. Schwarm, Russ Lorince, The Focus Team

Regional Research Institute Technical Documents

West Virginia's overall competitive position in the area of technology-based economic development is characterized as mixed. While the state does have significant technology assets including federal research laboratories, universities and selected firms, these assets fail to produce substantial spillover benefits to the local population and state as a whole. While West Virginia has a relatively strong technological base, a number of factors serve to inhibit economic growth and technology transference.

Assessing The Economic Impact Of The 6th Annual Bikes, Blues, And Bbq Festival On The City Of Fayetteville, Jeffery T. Collins

Publications and Presentations

This report presents the results of the surveys used to develop estimates of the economic impact of the Bikes, Blues and BBQ (BBBBQ) festival on the city of Fayetteville in 2005. In order to fully estimate the economic impact of the festival, its influence was assessed on three different constituent groups: Fayetteville residents, local businesses, and BBBBQ visitors.

The visitor survey was developed by the Center for Business and Economic Research and was administered September 28-October 1, 2005 by University of Arkansas students who were hired and trained by the Center for Business and Economic Research. The resident and local …

Part 1: Hampton Roads Forecast: The Economic Winds Begin To Blow, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

Our regional economy has slowed down to the national average after five superb years of growth fueled by defense expenditures. Defense expenditures are decelerating, the Ford plant is closing and the Base Realignment and Closure process will soon be under way.

Front Matter: The State Of The Region: Hampton Roads 2006, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

Cover, front matter, table of contents, and other materials for the 2006 The State of the Region report authored by the Regional Studies Institute at Old Dominion University

Part 2: The North Carolina Connection: Hampton Roads South Of The Border?, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

Currituck County, N.C., already is considered part of the Hampton Roads Metropolitan Statistical Area (MSA). Four other counties (Camden, Gates, Perquimans, Pasquotank) lie just south of our region, but only Gates is sufficiently connected to Hampton Roads to be added in the future.

Part 5: The Play's The Thing: Theatres And Performing Arts Companies In Hampton Roads, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

The region is plenti-fully endowed with an impressive variety of theaters and performing arts companies. We critique their diverse work, which provides Hampton Roads with vital cultural and economic benefits.

Part 3: Tunnel Vision: Traffic Congestion In Hampton Roads, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

Traffic congestion already is bad in the region; we estimate the cost in 2006 to be $473 million, or $296 per person. If nothing is done to alleviate the situation, this cost will grow to $1.07 billion, or $608 per person in 2015. Our simulations also predict the speed of automobile commuters going through the Hampton Roads Bridge-Tunnel will fall to 7.2 mph in 2015.

Part 4: It's Not Easy Being Green: Open Space And Parks In Hampton Roads, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

Open space and parks are unevenly distributed across our region. Virginia Beach has done a particularly good job in promoting parks and green space. Still, open space is disappearing at a very rapid rate. Either we preserve such space now, or it may disappear forever.

Part 6: The Youth Of Hampton Roads: Pride Or Problem, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

By several measures, our region’s youth are not doing so well. Particularly problematic are the high percentages of youth who live in poverty and babies born to very young mothers. It is easy to track the societal problems that result.

Part 7: Beach Replenishment: Who Benefits, Who Pays, Who Should Pay?, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

Replenishing the region’s beaches with sand is critical to their attractiveness. More than $100 million has been spent on beach replenishment in Virginia Beach over the past decade, with the federal government paying about two-thirds. We find that beach replenishment pays off handsomely for Virginia Beach, but also that the city probably should pay a larger share of the cost.

The Market For Change: Community Economic Development On A Wider Stage, Peter R. Pitegoff

Faculty Publications

Community economic development (CED) is distinguished by a specific agenda for broader development and accountability - for building local resources, economic capacity and political clout in lower- and moderate-income communities. Organizing and development of low-income communities must take account of microenterprise as the locus of substantial economic activity.

An Empirical Analysis Of County-Level Determinants Of Small Business Growth And Poverty In Appalachia: A Spatial Simultaneous-Equations Approach, Gebremeskel H. Gebremariam, Tesfa Gebremedhin, Peter V. Schaeffer

Regional Research Institute Working Papers

A spatial simultaneous-equations growth equilibrium model estimated by GS2SLS and GS3SLS estimators is used to determine the interdependence between small business growth and poverty. The parameter estimates are mostly consistent with the theoretical expectations. The coefficients for the endogenous variables of the model are positive and significant indicating strong interdependence (feedback simultaneity) between small business and median household income growth rates. The results also show the presence of spatial autoregressive lag simultaneity and spatial cross-regressive lag simultaneity, with respect to both small business and median household income growth rates, and the existence of spatial correlation in the error terms. In …

An Optimal Depletion Cge Model: A Systematic Framework For Energy-Economy Analysis In Resource-Based Economies, Hodjat Ghadimi

Regional Research Institute Working Papers

Numerical economic models of energy fall into two general categories: models analyzing within energy sector issues and models examining the interaction between the energy sector and the rest of the economy. The first category are mostly partial equilibrium models with a very detailed and disaggregated representation of the energy sector. Although very useful for sector planning purposes this class of models essentially neglect the interdependence of the energy sector and the rest of the economy. The second category, appropriately called energy-economy interaction models, are multisectoral and general equilibrium models focusing on the relationship between the energy sector and the rest …

Intra-Industry Specialization And Trade Expansion In U.S. Trade With The Free Trade Areas Of The Americas (Ftaa), John R. Ledgerwood, E. M. Ekanayake, Mihalis Halkides

Publications

This paper aims to explain the extent of vertical and horizontal intra-industry trade (IIT) in United State's foreign trade with the other 33 members of the Free Trade Areas of the Americas (FTAA). It also attempts to identify the country- and industry-specific determinants of vertical and horizontal IIT. This study uses detailed trade data at the 10-digit Harmonized System (HS) industry level and covers a longer and more recent period, 1990 through 2005. The Grubel-Lloyd intra-industry trade index is used to calculate the intensity of these two types of intra-industry trade. One of the main findings is that, with the …

Participatory Watershed Management For Sustainable Rural Livelihoods In India, Budumuru Yoganand, Tesfa Gebremedhin

Regional Research Institute Working Papers

International development goals moved beyond increasing food production to include poverty reduction and protecting the environment in a sustainable way. Degradation of natural resources due to exploitation coupled with population pressure in developing countries causing food insecurity and environmental degradation further. Participatory watershed management approach is proposed to address this problem effectively.

Examining And Evaluating Aggregation Scale Effects On Interregional Commodity By Industry Trade Flow Estimates, Walter R. Schwarm, Randall Jackson

Regional Research Institute Working Papers

This study tests the implementation of interindustry transaction flows in a national system of economic regions derived from an interregional accounting framework and initial information on interregional shipments. The interregional flows connecting states are estimated using a method based on the Commodity Flow Survey data published by the Bureau of Transportation Statistics, which adjusts the estimated interregional SAM to insure the integrity of intraregional and system-wide, national accounts. The resulting US interregional framework describes flows within and among the 51 regions We examine results of a series of trials testing the validity of the resulting interregional trade-flow data versus other …

The Interaction Between Individuals’ Destination Choice And Occupational Choice: A Simultaneous Equation Approach, Christiadi, Brian Cushing

Regional Research Institute Working Papers

This study examines the relationship between an individual’s occupation choice and destination choice. It portrays the relationship as an interaction between the supply of occupational skills by individuals and demand by different labor market regions. The analysis applies a two-equation simultaneous system: (1) a multinomial logit model of occupational choice and (2) a conditional logit model of state destination choice. The unusual merger of multinomial logit and conditional logit models in a simultaneous equation framework requires derivation of a unique variancecovariance matrix. The results indicate strong association between supply of (migration) and demand for (industry mix) an individual’s occupational skills. …

Chinese Modernization And The Development Of Minority Economies, Stephen Bisogno

Seton Hall University Dissertations and Theses (ETDs)

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Modeling Small Business Growth, Migration Behavior, And Household Income In Appalachia: A Spatial Simultaneous Equations Approach, Gebremeskel H. Gebremariam, Tesfa Gebremedhin, Peter V. Schaeffer

Regional Research Institute Working Papers

In this paper, a spatial simultaneous equations model of business growth, migration behavior and median household income is empirically estimated. The empirical simultaneous model is developed from the equilibrium relationships among these variables where each variable is assumed to adjust to its equilibrium level with a substantial lag through a partial equilibrium adjustment process. We use Generalized Spatial Three-Stage Least Squares estimator to estimate the empirical model using data from 418 Appalachian counties for 1990- 2000. The results suggest the existence of very strong interdependences among business growth, migration behavior and median household income in the form of feed-back simultaneities, …

Theoretical Perspectives On Industry Clusters, Gashawbeza W. Bekele, Randall Jackson

Regional Research Institute Working Papers

The concept of industry clustering has generated much discussion in regional economic development theory and practice in recent years. Yet it is fair to say that an accepted definition or a unified theoretical framework has failed to emerge from the discussion, as the concept often seems to enliven itself under divergent theoretical approaches, including but not limited to work on agglomeration economies, industrial districts, business networks, knowledge spillovers, and regional innovation systems. This paper provides a review of the major theoretical propositions that seek to explain the clustering of economic activity and its presumed link with regional economic development. While …

Quality Of Care In Appalachian Nursing Homes: Doing More With Less?, Mary W. Carter, Shuhui Wang

Regional Research Institute Working Papers

Despite comprising nearly 10% of the nation’s nursing home population, little is known about the quality of care provided by nursing homes located in rural Appalachia. However, anecdotal evidences suggests that the economic disadvantages associated with the Appalachian region may lead to higher concentrations of certain structural and organizational attributes previously shown to affect nursing home quality. In response, this study sought to examine empirically whether nursing homes located in Appalachia differ in the number of deficiency citations received in comparison with nursing homes located elsewhere, and to explore the extent to which factors other than quality of care determine …

County-Level Determinants Of Local Public Services In Appalachia: A Multivariate Spatial Autoregressive Model Approach, Gebremeskel H. Gebremariam, Tesfa Gebremedhin, Peter V. Schaeffer

Regional Research Institute Working Papers

A multivariate spatial autoregressive model of local public expenditure determination with autoregressive disturbance is developed and estimated in this paper. The empirical model is developed on the principles of utility maximization of a strictly quasi concave community utility function. The existence of spatial interdependence is tested using Moran’s I statistic and Lagrange Multiplier test statistics for both the spatial error and spatial lag models. The full model is estimated by efficient GMM following Kelejian and Prucha’s (1998) approach using county-level data from 418 Appalachian counties. The results indicate the existence of significant spillover effects among local governments with respect to …

A Dynamic Cge Analysis Of Exhaustible Resources: The Case Of An Oil Exporting Developing Country, Hodjat Ghadimi

Regional Research Institute Working Papers

An extensive literature concerned with optimal depletion of an exhaustible resource, with only a few exceptions, ignores the economy-wide and sectoral distribution effects of resource depletion. This paper presents a dynamic computable general equilibrium model to link the underlying natural resource base to economic performance. The model consists of an intra-temporal price endogenous model of a market economy, embedded in an inter-temporal optimal growth and development model. It is an optimization model that determines the optimal development path of the economy, hence, the inter-temporal depletion problem subject to workings of a multi-sector market economy. This general equilibrium approach captures the …