Regional Economics Commons^™

2023 Estimates - Nonresident Visitation, Expenditures, And Economic Contribution, Kara Grau

Institute for Tourism and Recreation Research Publications

This report is a collection of estimates of 2023 nonresident visitation to Montana, expenditures by nonresident travelers in the state, and the contribution to Montana's economy of that traveler spending. Included are estimates by full year, quarter, trip purposed, and other visitor segments.

Broadly Shared Local Economic Success Since 2000: New Measures And New Lessons For Communities, Timothy J. Bartik, Brad J. Hershbein, Kathleen Bolter, Kyle Huisman, W.E. Upjohn Institute For Employment Research

Reports

In recent decades, many local labor markets—especially those in former industrial areas—have experienced lagging employment rates, hourly wages, and annual earnings. Even in places that have thrived, disadvantaged racial and ethnic groups and those with less education have often fared poorly, and long-term growth has bypassed many Americans at the middle and bottom of the income distribution. This report examines the relative economic success over the past two decades (prior to the COVID pandemic) of different local labor markets throughout the United States, both for residents overall and for those of different demographic groups. We construct a new, publicly available …

Nebraska Monthly Economic Indicators: March 27, 2024, Eric Thompson

Leading Economic Indicator Reports

The Leading Economic Indicator-Nebraska rose by a very rapid 3.48% in February 2024. The increase in the leading indicator, which is designed to predict economic growth six months into the future, implies that there will be strong growth in the Nebraska economy during the summer of 2024. Three components of the leading indicator improved significantly during February. There was a sharp increase in manufacturing hours worked, given the continued strong demand for food products. Business expectations also were strong. Respondents to the February Survey of Nebraska Business reported plans to increase sales and employment over the next six months. The …

Comparison Of Open Sharing Modes Of Foreign Large-Scale Scientific Facilities And Implications For China, Dacheng Song, Shuai Xiao, Tianming Li, Ke Wen, Dingyi You, Chen Zhang, Qiang Wei, Runtong Guo

Bulletin of Chinese Academy of Sciences (Chinese Version)

The open sharing of large-scale scientific facilities plays a pivotal role in the ecosystem of open science. This is of great significance for promoting the development of science and technology, enhancing innovation cooperation, and boosting the overall competitive strength of nations. Starting from two dimensions of resource scarcity and sustainability, this study systematically sorts out four open sharing modes of large-scale scientific facilities: the public and inclusive sharing mode, the market response sharing mode, the intensive guarantee sharing mode, and the Strategic Cooperation Sharing Mode. Through the comparison analysis of four foreign large-scale scientific facilities, the study further elaborates the …

Build Regional Strategic Emerging Industry Selection System For Major Scientific And Technological Infrastructure: Structural Framework And Practical Consideration, Lingling Zhang, Congli Huang, Feite Zhou, Xiang Xu, Long Liu

Bulletin of Chinese Academy of Sciences (Chinese Version)

Under the circumstances of a new wave of scientific and technological revolution and industrial transformation, it has become imperative for the government’s industrial planning to effectively integrate regional resources with scientific and technological innovation capabilities, identify suitable regional strategic emerging industries, and establish clear directions for industrial development. Drawing on various classical theories of industrial selection from the perspectives of industrial economics and management, this research comprehensively considers six dimensions: technical support capacity of facilities, potential for industrial upgrading, regional resource endowment, social demands, government, and opportunities. Based on the Porter Diamond Model, a robust system is developed to select …

Policies For Place: How To Make Sustainable Investments In Communities, Kathleen Bolter, Timothy J. Bartik, Brad J. Hershbein, Michelle Miller-Adams, Lee Adams, Brian J. Asquith, Alfonso Hernandez, Kyle Huisman, Iryna V. Lendel, Gabrielle Pepin, Bridget Timmeney, Beth C. Truesdale, Yulya Truskinovsky

Reports

No abstract provided.

Nebraska Monthly Economic Indicators: March 1, 2024, Eric Thompson

Leading Economic Indicator Reports

The Leading Economic Indicator-Nebraska rose by 0.58% in January 2024. The increase in the leading indicator, which is designed to predict economic growth six months into the future, suggests that the Nebraska economy will grow through mid-2024. Two components of the leading indicator improved during January. To begin with, respondents to the January Survey of Nebraska Business reported plans to increase sales and employment over the next six months. Further, the Nebraska labor market improved. Initial claims for unemployment insurance fell during January, suggesting that employers see sufficient demand to support their current workforce.

Borderplex Business Barometer, Volume 8, Number 3, Thomas M. Fullerton Jr., Steven L. Fullerton

Border Region Modeling Project

No abstract provided.

Migration And Resource Misallocation In China, Xiaolu Li, Lin Ma, Yang Tang

Research Collection School Of Economics

We structurally estimate the firm-level frictions across prefectures in China and quantify their aggregate and distributional implications. Based on a general equilibrium model with input and output distortions and migration, we show that the firm-level frictions are less dispersed and less correlated with firm productivity in richer prefectures. Counterfactual exercises show that reducing the within-prefecture misallocation increases aggregate welfare, discourages migration toward large prefectures, and reduces spatial inequality. Moreover, internal migration alleviates micro-frictions’ impacts on aggregate welfare and worsens their effects on spatial inequality.

Promote High-Quality Development Of China-Sri Lanka Joint Center For Education And Research By Practicing New Development Philosophy, Jinglong Yao, Haitao Chen, Changsheng Zhang, Min Yang, Weiqiang Wang, Yuansong Wei, Gang Pan, Yawei Wang, Yao Luo, Hui Zhong, Zhenqiu Zhang

Bulletin of Chinese Academy of Sciences (Chinese Version)

Under the guidance of the new development paradigm, the Chinese Academy of Sciences (CAS) has started a series of pioneering international cooperation in the Belt and Road countries with scientific and technological innovation, especially along the 21st Century Maritime Silk Road. CAS advanced the practical cooperation with the research institutions of the countries to improve their research and innovation capabilities. Taking the example of high-quality development, the China-Sri Lanka Joint Center for Education and Research (CSL-CER), satisfied the Sri Lanka’ s demands for science and education. This paper describes the progress and significance of achieved results by promoting high-quality development, …

Borderplex Business Barometer, Volume 8, Number 2, Thomas M. Fullerton Jr., Steven L. Fullerton

Border Region Modeling Project

No abstract provided.

Perspectives Of The Blue Economy Development In The Russian Sector Of The Black Sea, Evgeniia Kostianaia, Andrey Kostianoy

Journal of Ocean and Coastal Economics

The paper discusses the current state and perspectives for the development of various sectors of the Blue Economy in the Russian sector of the Black Sea. This analysis is based on the research done in the framework of the EU DOORS (Developing Optimal and Open Research Support for the Black Sea) research project (2021-2024), reports by the World Bank and the European Commission, as well as scientific literature of the Russian and international researchers. The main Blue Economy sectors in the Russian sector of the Black Sea basin are maritime transport, port activities, and coastal tourism. The authors also provide …

Nebraska Monthly Economic Indicators: January 24, 2024, Eric Thompson

Leading Economic Indicator Reports

The Leading Economic Indicator-Nebraska rose by 0.26% in May 2024. The increase in the leading indicator, designed to predict economic growth six months into the future, implies that the Nebraska economy will grow through the end of 2024. There was an increase in manufacturing hours worked in May, as Nebraska continues to benefit from strong demand for food products. Business expectations remained positive. Respondents to the May Survey of Nebraska Business reported plans to increase sales and employment over the next six months.

State Of The Northwest Arkansas Region 2024 Report, Mervin Jebaraj, Kashfia Kamal

State of the Northwest Arkansas Region Report

The State of the Northwest Arkansas Region Report is an annual publication commissioned by the Northwest Arkansas Council that serves as a tool for evaluating economic performance. In July 2018, the Council created a new blueprint for development, benchmarking Northwest Arkansas against other high-performing regions, including Austin, Texas; Des Moines, Iowa; Madison, Wis.; Durham-Chapel Hill, N.C.; Raleigh, N.C.; and Provo-Orem, Utah. The 2024 report compares Northwest Arkansas with these regions in GDP, employment, unemployment, establishment growth, median household income, average annual wages, poverty, educational attainment, research and development, homeownership costs, commuting time and average domestic airfares.

Absentee Ownership And Rental Affordability: Evidence From Commuting Zones, Ireland F. Crowther

[Archive] Belmont University Research Symposium (BURS)

In this paper, we examine the intersection of financialization, wealth inequality, and the housing market in the United States with an emphasis on the relationship between absentee ownership and declining rental affordability. At the same time as financialization has increasingly transformed the market for residential real estate into a vehicle for financial speculation, households at the bottom of the income distribution have been disproportionately affected by rising rents and declining housing affordability. Using data from the decennial Census and the American Community Survey from 1990 to 2020, we investigate the link between absentee ownership and rental affordability across US commuting …

Exploring Clustering Patterns In Msmes And Large Enterprises In Maharashtra: Analyzing Industrial Dynamics Using Cluster Coefficient And Other Economic Indicators, Priyanshu Bist

2024 REYES Proceedings

The paper discusses an attempt to explore and assess the economic clustering in Maharashtra by focusing on the MSMEs (Micro, Small and Medium Enterprises) and large enterprises in six major districts, namely Konkan, Nashik, Pune, Aurangabad, Amravati, and Nagpur. Cluster coefficients, total number of workers, and other economic indicators of units were considered to understand how industries are spread and perform regionally. Our research was a combination of exploratory and descriptive research, ensuring the data to be garnered had already been collected from the reports and records of the governments concerned and of industries. This entails that we have a …

Part 2: Virginia's Metropolitan Areas: Growth, Challenges, And The Road Ahead, Dragas Center For Economic Analysis And Policy, Old Dominion University

State of the Commonwealth Reports

In this chapter, we survey the performance of Virginia’s metropolitan areas this decade. We first discuss population trends and the demographic challenges facing metro areas. We then delve into measures of economic activity, including taxable sales and Gross Domestic Product (GDP). We also discuss labor markets in each metro area. We conclude with thoughts about how Virginia can foster growth across its metropolitan areas.

2024 State Of The Commonwealth Report, Vinod Agarwal, James V. Koch, Feng Lian, Anna Makhorkina, Melody Nguyen, Terry Parker, Mohamed Rahoui, Jay Walker, Leiu Yuenyong

State of the Commonwealth Reports

This is Old Dominion University’s 10th annual State of the Commonwealth 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, its president, Brian Hemphill, Ph.D., the Board of Visitors, the Strome College of Business or the generous donors who support the activities of the Dragas Center for Economic Analysis and Policy.

Our work seeks to contribute to the conversation about how Virginia can foster growth across the Commonwealth without glossing over the challenges we face. We want to encourage difficult conversations to …

The State Of The Region: Hampton Roads 2024, Dragas Center For Economic Analysis And Policy, Old Dominion University, Vinod Agarwal, Aliou Ousmane Ba, Elizabeth Janik, James V. Koch, Ria Kolarao, Steve Lawson, Feng Lian, Anna Makhorkina, Melody Nguyen, Mohamed Rahoui, Panagiotis Taoulas, Leiu Yuenyong

State of the Region Reports: Hampton Roads

This is Old Dominion University’s 25th 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, its president, Brian Hemphill, Ph.D., the Board of Visitors, the Strome College of Business, or the generous donors who support the activities of the Dragas Center for Economic Analysis and Policy.

The news, especially when compared to the previous decade, is mostly good. The region’s economy grew in 2023 and will likely grow for a fourth consecutive year in 2024. Even after …

Part 1: As Good As It Gets? The Economy Of Hampton Roads, Dragas Center For Economic Analysis And Policy, Old Dominion University

State of the Region Reports: Hampton Roads

Hampton Roads’ economy was a study in contrasts in 2024. For the first time in almost two decades, the regional economy grew in four consecutive years. A record number of individuals were in the civilian labor force and employed, and employers reported a record number of jobs. Job growth, however, lagged our peers. Now is the time to invest in key industry clusters to spur private-sector job growth in the region and build upon our recent economic fortunes.

Part 2: Defense, The Port, And Tourism: The Pillars Of The Economy, Dragas Center For Economic Analysis And Policy, Old Dominion University

State of the Region Reports: Hampton Roads

There was (mostly) good news to report about the pillars of the Hampton Roads economy in 2024. More defense spending flowed into the region. While cargo traffic declined at the Port of Virginia in 2023, the declines were mainly driven by outbound cargo traffic. The declines at the Port were also proportionally less than many other ports across the nation. Nominal hotel revenues continued to climb, but real hotel revenues fell in 2023 as occupancy rates dipped slightly. The hotel industry, however, continued to outperform the state and the nation.

Part 3: If You Zone It, They Will Come: Housing Supply In Hampton Roads, Dragas Center For Economic Analysis And Policy, Old Dominion University

State of the Region Reports: Hampton Roads

The recent rise in housing prices in Hampton Roads has priced many families out of the American dream of owning a home. Even though fewer houses sold in 2023, median single-family prices continued to rise. In this chapter, we discuss how policies and regulations may influence decisions to build and ask what can be done to increase the supply of housing in Hampton Roads.

Part 4: Public Libraries: Enriching Lives In Hampton Roads, Dragas Center For Economic Analysis And Policy, Old Dominion University

State of the Region Reports: Hampton Roads

Hampton Roads is home to 63 public libraries across 13 library systems. These public libraries do much, much more than simply lending books. Access is free, and everyone is welcome. This chapter provides an overview of Hampton Roads’ public libraries—how they function and how they are funded, and the diversity of services and resources they offer to our residents. We focus on the innovative ways that public libraries have evolved to meet their communities’ changing needs.

Part 5: Are Disability Rates Rising In Hampton Roads?, Dragas Center For Economic Analysis And Policy, Old Dominion University

State of the Region Reports: Hampton Roads

In this chapter, we examine one particular corner of a much larger disability story – those individuals who have a work history and subsequently seek to receive income from the Social Security Administration because of that disability. Contrary to what many people believe, both the number of applications for worker disability and rates of approval of those applications have trended downward in recent years. We explore the differences in disability rates and workers across Hampton Roads.

Part 6: The Graying Of Hampton Roads, Dragas Center For Economic Analysis And Policy, Old Dominion University

State of the Region Reports: Hampton Roads

In 2010, the median age of the resident population of Hampton Roads was 35.7 years. By 2019, the median age had increased to 36.8 years, rising to 37.1 years in 2021 and 37.3 years in 2022. The number of residents aged 65 and over continued to rise. How is Hampton Roads aging compared to Virginia and the United States? In this chapter, we explore how the region is aging, how it may age in the future, and how this may impact the region’s economic prospects.

Front Matter: The State Of The Region, Hampton Roads 2024, Dragas Center For Economic Analysis And Policy, Old Dominion University

State of the Region Reports: Hampton Roads

Cover, Front Matter, Table of Contents, Sponsors, and other materials for the 2024 The State of the Region Report authored by the Center for Economic Analysis and Policy at Old Dominion University.

Central Banks And Monetary Policy In Historical Perspective, Matias Vernengo, Esteban Pérez Caldentey

Working Papers

No abstract provided.

Differential Impacts Of Weather Anomalies On Household Energy Expenditure Shares: A Comparison Of Clustered Panel Analysis Methods, Jordan Champion

Theses and Dissertations--Agricultural Economics

Recent emphasis on environmental justice has highlighted deficiencies in our energy system that produce disparities in accessibility and affordability for the most vulnerable. Meanwhile, the realities of a gradually warming climate and the onset of a global energy crisis (IEA 2022) have coincidently contributed to spikes in both energy prices and demand. These implications threaten to further exacerbate existing disparities for income-constrained and vulnerable populations, enhancing their risk of falling into prolonged insecurity. To ensure our transition to a just, sustainable future, we must first ensure equitable access to affordable and reliable energy for everyone. Combining household-level panel and state-level …

From Bushels To Barrels: A Descriptive Analysis Of The U.S. Whiskey Industry, Ryan Murphy

Theses and Dissertations--Agricultural Economics

This thesis provides a comprehensive analysis of the U.S. whiskey industry, emphasizing distilleries' geographic distribution, operational characteristics, and the agricultural landscapes surrounding them. Particular attention is given to the feasibility of U.S. distilleries locally sourcing grains used in production. Grain demand ranges were estimated for the 1,485 distilleries analyzed within this study. Using cropland and yield data from the USDA, local grain availability was approximated for comparison. Results indicate that a distillery's local sourcing feasibility is significantly impacted by its production capacity and geographic location.

Additionally, this research documents the development of an interactive web application designed to evaluate the …

Textile Recycling And Recovery: An Eco-Friendly Perspective On Textile And Garment Industries Challenges, Shayan Abrishami, Armineh Shirali, Nicole Sharples, Gulsah Ekin Kartal, Lisa Macintyre, Omid Doustdar

Research outputs 2022 to 2026

The world has been facing a growing crisis in textile waste due to global population growth and improved living conditions, combined with a decrease in the life cycles of textile products. Textile recycling is one of the key aspects for reducing the massive waste problem generated by the fashion and textile industries. Despite the need to develop textile waste recycling industries, acceptable practical interim measures still need to be taken. Textile waste can affect people’s lives economically and environmentally. Producing apparel from natural or synthetic origin can produce pollutants and waste at each stage. In this review article, the effects …