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.

Borderplex Business Barometer, Volume 8, Number 4, Thomas M. Fullerton Jr., Steven L. Fullerton, Zifeng Feng

Border Region Modeling Project

No abstract provided.

Mexico Consensus Economic Forecast, Volume 27, Number 2, Thomas M. Fullerton Jr., Steven L. Fullerton

Border Region Modeling Project

No abstract provided.

Montana Residents' Attitudes Towards Tourism - 2023, Carter Bermingham, Megan Schultz, Matthew Pettigrew

Institute for Tourism and Recreation Research Publications

A summary of Montana residents' attitudes towards tourism from the 2023 season. Overall, results from this study show that Montana residents hold a generally positive attitude towards tourism in the state. Residents are aware of the economic benefit that tourism provides to their communities, and agree that the overall benefits outweigh the negative impacts. Perceptions of crowding at the statewide and community level appear to be easing from previous years.

The Montana Travel Industry - 2023 Summary, Melissa Weddell

Institute for Tourism and Recreation Research Publications

2023 summary infographic of the Montana travel and recreation industry.

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

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 …

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 …

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 …

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.

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 …

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 …

The Green Rush – How Montana's Outdoor Economy Fuels Sustainable Tourism, Melissa Weddell

Institute for Tourism and Recreation Research Publications

No abstract provided.

Industrial Hemp Production And Potential Risks In Kentucky, Hoyeon Jeong

Theses and Dissertations--Agricultural Economics

Since the Agricultural Improvement Act of 2014 and 2018 legalized Industrial Hemp (Cannabis Sativa. L), interest in grain, fiber, and floral hemp production has seen growing pains. As an emerging crop, there is a research gap in the impact of weather and agronomic conditions on hemp production including THC (Delta 9 Tetrahydrocannabinol) and pollen drift as risks in hemp cultivation. The first essay aims to measure the impact of weather and agronomic factors on hemp grain, fiber, and floral yields in Kentucky using a yield-weather model with information on field locations. The results show that heat conditions during the growing …

Relationships Between Local Revenue And Expenditure Policies And Urban Housing Markets, Lucas Taulbee

Theses and Dissertations--Public Policy and Administration

This dissertation consists of three essays on urban/local public finance, specifically residential property tax assessment and the provision of local public services. A general theme of the essays is the interplay between local financial policies and housing markets. Both revenue (tax) and expenditure policies can have significant effects on housing prices which can, in turn, have feedback effects on current and future revenues and expenditures. In the first chapter, Assessment Regressivity and Capitalization of Property Taxes, I consider assessment regressivity, the phenomenon in which higher-priced homes tend to be underassessed while lower priced homes tend to be overassessed. This may …

Essays On Public And Nonprofit Financial Dynamics, Yunjun Kim

Theses and Dissertations--Public Policy and Administration

This dissertation consists of three essays that explore different dimensions of financial dynamics in the public and nonprofit sectors. Each chapter examines how the fiscal behavior of neighboring jurisdictions, policy interventions, and financial practices influence fiscal decision-making and financial performance within these entities.

In the first essay, I investigate yardstick competition in local government spending in South Korea by leveraging the exogenous variation introduced by by-elections. This approach allows me to estimate the influence of neighboring jurisdictions on local expenditures. Contrary to previous empirical studies from other countries, my findings reveal no significant interdependence in spending among South Korean municipalities, …

Is West Virginia A Haven For Disabled Workers? An Evolving Story, James V. Koch, Robert M. Mcnab

Economics Faculty Publications

With a particular focus on West Virginia, this study utilizes state-level monthly panel data over 13 years (2010-2022) to examine the determinants of the rates of application of individuals for Social Security Administration disabled worker income payments (SSDI) and the initial recommendations of those applications for approval by the states. Application rates are particularly sensitive to the educational attainment of state populations and approval rates to economic conditions. However, in contrast to media coverage and public perceptions, both the number of applications for SSDI and approval rates have been declining nationally and in West Virginia.

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 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.

Revolutionizing Lithium Extraction: Analysis Of Factors Affecting Commercialization Timelines With Insights From The Shale Gas Boom, Bilge Tayyar

CMC Senior Theses

This study draws parallels between Direct Lithium Extraction (DLE) and hydraulic fracturing to highlight the transformative potential of DLE technology in the lithium industry. The comparative analysis supports the hypothesis that DLE might expedite commercialization timelines, similar to the effect hydraulic fracturing has had on traditional shale gas extraction. The study includes a regression analysis to determine the factors affecting the commercialization of conventional lithium brine extraction methods, thereby better understanding the potential changes DLE will create. The regression model, based on data from 11 projects, examines the impact of variables such as temperature range, tax rates, royalty rates, regulatory …