Regional Economics Commons^™

Can Sports Gambling Become The Fount Of Revenue Consistency?, Richard A. Mcgowan

International Conference on Gambling & Risk Taking

Critics of legalization of gambling maintain that gambling revenue is at best stagnate or will eventually fall as a source of revenue. The stagnation of Lottery proceeds and casino revenue as sources of revenue seemed validate this criticism. But a new source of gambling revenue has recently been championed, namely sports gambling. So, the question this paper will attempt to answer is: Can sports gambling produce consistent and growing revenue that are needed to sustain public policy initiatives?

The legalization of sports gambling in NJ occurred on June 11th, 2018 and the first bet was placed on June 14th. New …

How’S It Going With The Cptpp?, Christine Mcdaniel

Yeutter Institute International Trade Policy Review

There is no doubt that the United States is losing out on market access. But one of the original goals of the Trans-Pacific Partnership (TPP) was for a rules-based trading regime in the Pacific, namely rules not written by China. Thanks to Australia and Japan that seems to be happening even with the U.S. no longer at the helm.

The Comprehensive and Progressive Trans-Pacific Partnership or the awkwardly nicknamed CPTPP is a Pacific trading bloc that consists of 11 countries, spanning the Pacific Rim, and includes Malaysia and Chile. The member countries represent 13% of world GDP. Once the UK …

The Relationship Between Economic Complexity And Income Inequality: A Study On The United States Metropolitan Statistical Areas, Brooke Johnson

Master's Theses

This paper examines the relationship between income inequality and economic complexity, adding to the literature by providing new evidence for Metropolitan Statistical Areas (MSAs). With populations in cities rapidly increasing world-wide, settlement scaling research has revealed significant correlations between population size and various aspects of socio-economic wellbeing, including income inequality. Our study utilizes the Economic Complexity Index (ECI), a recently developed measure of economic development, to examine how changes in regional production structures influence inequality and shed light on the evolving nature of urban economies. By employing fixed effects OLS regression with clustered standard errors on both panel data from …

Development And Economic Complexity Of Mexican Municipalities: Based On Their Energy Access And Gross Production., Angelica Gloria Velasco

Master's Theses

In 2015, Mexico ranked 22nd in the international list of ECI; Out of 136 countries, Mexico had a higher index than Netherlands and Denmark. How is this possible for a developing economy that in 2014 reached its highest inequality index at 50.3%? This research is focused on the behavior of the Economic Complexity Index when it interacts with income inequality (Gini Coefficient), the gross production and human development (which in this case is focused on access to basic services: education and electricity). In the first and second sections, this paper highlights the importance of the analysis at a municipality level …

Pandemic, Retail Sales And Local Economies: Evidence From Northeast Oklahoma, Sanchari Ghosh, Brian Jackson, Ray Murphy

Mountain Plains Journal of Business and Technology

Early post-COVID pandemic studies focused on the macroeconomic impacts of that event on employment, income, healthcare costs, food security, etc. Yet there has been little emphasis on how changes in consumption spending patterns resulting from the pandemic affected retail sales and revenues, each of which are major contributors of growth for local economies. This study investigates these relationships by implementing retail pull and sales gap analyses to determine how non-metropolitan rural regions responded to consumption expenditures and retail sales before and after the pandemic. Using three cities of northeastern Oklahoma as a case study, retail pull factors at the city …

Breaking The Promise: The Burden Of Unfunded Liabilities On Future Generations, Thomas Savidge

Helm's School of Government Conference - 2021-2024

This paper discusses the trillions of dollars in government debt accumulated by state governments as well as the costs of debt on future generations. It examines unfunded pension liabilities, unfunded other post-employment benefit (OPEB) liabilities, as well as state bonded obligations and the crowding out effect of public debt onto state budgets. The paper also discusses opportunities for reform that can help alleviate the debt burden on future generations. Data are collected from state annual comprehensive financial reports (ACFRs) as well as public pension and OPEB actuarial valuations.

The Economic Ferocity Of Policy, Giana Depaul

Helm's School of Government Conference - 2021-2024

Each day, as the Dow Jones rises and falls, Congress similarly passes and fails legislation. These two seemingly continuous cycles intersect to the point that the two structures appear affixed. For centuries, this has posed an age-old question: is it policy that influences the economic system or is it the economic system itself that molds policy decision-making? Renowned economist Adam Smith is famous for his works detailing the autonomous nature of the economic system. Smith views policy as only a small roadblock in the master strategy of the economic flow of life. The Great Depression and the 2008 Recession, however, …

Essays On Labor Market Size And Job Match Quality, Lan Lan

All Dissertations

This dissertation is comprised of two essays that delve into the construction of a major-related labor market and its correlation with college graduates’ job match quality. Investigating the job match quality of college graduates for different majors in large cities is crucial, as it provides evidence on which majors tend to yield better job matches. This contributes to the study of the return on major while also shedding light on how city size impacts individuals’ ability to find jobs that align with their educational level and major, thereby enriching the study of the benefits of agglomeration.

The first chapter examines …

Urban Understandings: Exploring Potential Coercion In Lincoln Park’S Gentrification Process, Jacob Price

Honors Theses

While much research has been carried out on the topic of gentrification over the past several decades, little to no economic research has been conducted on the potential presence of coercion within the process. In this paper, we define coercion as any attempts by third parties, whether government or private entities, to artificially accelerate the natural housing cycle. In studying this, we examine Lincoln Park as a case study, a Chattanooga neighborhood that was once a bastion of culture and security for the Southern African American community, by employing a two-pronged approach. On the qualitative front, we interview community and …

Analyzing The Impact Of Automation On Employment In Different Us Regions: A Data-Driven Approach, Thejaas Balasubramanian

Electronic Theses, Projects, and Dissertations

Automation is transforming the US workforce with the increasing prevalence of technologies like robotics, artificial intelligence, and machine learning. As a result, it is essential to understand how this shift will impact the labor market and prepare for its effects. This culminating experience project aimed to examine the influence of computerization on jobs in the United States and answer the following research questions: Q1. What factors affect how likely different jobs will be automated? Q2. What are the possible effects of automation on the US workforce across states and industries? Q3. What are the meaningful predictors of the likelihood of …

Borderplex Business Barometer, Volume 7, Number 5, Thomas M. Fullerton Jr., Steven L. Fullerton

Border Region Modeling Project

No abstract provided.

Rethinking Asia-Pacific Regionalism And New Economic Agreements, Julien Chaisse, Pasha L. Hsieh

Research Collection Yong Pung How School Of Law

The neoliberal international order is facing a variety of pressing obstacles. One of the most contentious issues is the emergence of new Asian regionalism, which has been driven by the rising economic power of the region and integration based on the Association of Southeast Asian Nations (ASEAN) Plus Six framework. The legalization of the ASEAN way has propelled the New Regional Economic Order (NREO), which reinforces a trade-development nexus alternative to the Washington Consensus and will have far-reaching normative, economic, and geopolitical effects on the world. Given the proliferation of trade and investment initiatives including the ASEAN Economic Community and …

Perceptions Of Tourism And Quality Of Life: A Case Study In Savannah, Georgia, Marissa J. Renee

Honors College Theses

The World Travel and Tourism Council estimates that Travel and Tourism accounted for 10.3% of the world economy in 2019 and ¼ of all net new jobs over the past five years. Savannah, Georgia has experienced huge growth in the last decade due to tourism, with visitor spending on lodging alone increasing from $466 million in 2009 to $1 billion in 2019. The current study examined differences in perceived impact of tourism on quality of life using established predictors of tourism sentiments. An online community survey was conducted in Chatham County, Georgia (N = 94) using the Tourism Quality of …

The American Dream: Living Paycheck To Paycheck, Benjamin Henwood

Richard T. Schellhase Essay Prize in Ethics

A debate that has gained traction due to recent economic circumstances is how the United States government should raise the federal minimum wage, and if they should raise it at all. I propose the United States government should raise the federal minimum wage by implementing a living wage or tying the federal minimum wage to inflation. Implementing a living wage would benefit workers as it would cover the cost of living in their geographic area. It would also benefit employers as their employees would be getting paid according to their needs rather than being paid a blanket wage that may …

Inside The Wave: How “The 100 Foot Wave” Changed The Lives Of The Local Community In Nazaré, Emilie Cohen

Independent Study Project (ISP) Collection

Surfing and surfing tourism are a critical part of Portugal’s economy and culture. Nazaré is a town that embodies a transition from a traditional fishing village to one that lives and breathes surf. Such a quick change in the leading industry of a town raises concerns about the impacts it has on the community. Therefore, the project focuses on the economic, social and cultural, and environmental impacts of tourism intensification on the local community in Nazaré through the perspective of the local people who are directly impacted and witness these changes. Other stakeholders are included, such as the Garrett McNamara …

Mexico Consensus Economic Forecast, Volume 26, Number 2, Thomas M. Fullerton Jr., Steven L. Fullerton

Border Region Modeling Project

No abstract provided.

Borderplex Business Barometer, Volume 7, Number 4, Thomas M. Fullerton Jr., Steven L. Fullerton

Border Region Modeling Project

No abstract provided.

Applications Of Travel And Tourism Research - 2023 Montana Governor's Conference, Melissa Weddell, Jim Auer, Matthew Pettigrew, Kara Grau

Institute for Tourism and Recreation Research Publications

2023 Montana Governor's Conference on Tourism and Recreation jointly presented session, with ITRR and MT Department of Commerce staff.

2022 Estimates - Nonresident Visitation, Expenditures, And Economic Contribution, Kara Grau

Institute for Tourism and Recreation Research Publications

This report is a collection of estimates of 2022 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.

The Montana Travel Industry - 2022 Summary, Melissa Weddell

Institute for Tourism and Recreation Research Publications

2022 summary infographic of the Montana travel and recreation industry.

Migration And Spatial 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 equi-librium model with input and output distortions and migration, we show that the firm-level frictions are less dispersed and less correlated with productivity in richer prefectures. Counterfactual exercises show that reducing the within-prefecture mis-allocation increases the aggregate welfare, discourages migration towards large cities, and narrows the spatial inequality. Moreover, internal migration alleviates the impacts of micro-frictions on aggregate welfare and worsens their impacts on spatial inequality.

Public Support: A Missing Variable In The Trade Policy Equation, Jill O’Donnell

Yeutter Institute International Trade Policy Review

As Canada considers launching free trade agreement (FTA) negotiations with Ecuador, the government wants to know what Canadians think. Ottawa makes it easy for citizens to weigh in, inviting Canadians to “join the discussion” and submit their “views, reflections and priorities” on the potential FTA through a Global Affairs Canada web page that is clear, inviting, and user-friendly. Under a section titled, “Who should participate?” the first answer given is “individuals.”

Although the Biden administration has been clear that it will not seek new FTA negotiations, taking a page from Canada’s public consultation playbook may be instructive, at least when …

Borderplex Business Barometer, Volume 7, Number 3, Thomas M. Fullerton Jr., Steven L. Fullerton

Border Region Modeling Project

No abstract provided.

Montana Travel Regions & Counties - Economic Contribution Of 2019/2021 Averaged Nonresident Travel Spending, Kara Grau

Institute for Tourism and Recreation Research Publications

Money spent by those traveling in Montana has a direct effect on businesses where spending occurs, and it ripples throughout the state's economy from there. Statewide, spending by nonresident visitors (averaged over two years - 2019 and 2021) totaled $4.48 billion. This report details the methods and results of the economic impact analyses for each of Montana's six travel regions, as well as analyses for counties in which nonresident travelers spent approximately $50 million or more.

Cities In A Pandemic: Evidence From China, Badi H. Baltagi, Ying Deng, Li Jing, Zhenlin Yang

Research Collection School Of Economics

This paper studies the impact of urban density, city government efficiency, and medical resources on COVID-19 infection and death outcomes in China. We adopt a simultaneous spatial dynamic panel data model to account for (i) the simultaneity of infection and death outcomes, (ii) the spatial pattern of the transmission, (iii) the intertemporal dynamics of the disease, and (iv) the unobserved city-specific and time-specific effects. We find that, while population density increases the level of infections, government efficiency significantly mitigates the negative impact of urban density. We also find that the availability of medical resources improves public health outcomes conditional on …

Borderplex Business Barometer, Volume 7, Number 2, Thomas M. Fullerton Jr., Steven L. Fullerton

Border Region Modeling Project

No abstract provided.

Montana Residents: Attitudes Towards Tourism 2022 & Resident Perceptions Of Community Disaster Preparedness, Carter Bermingham, Megan Schultz, Matthew Pettigrew, Glenna Brown

Institute for Tourism and Recreation Research Publications

This report is a summary of Montana residents' attitudes towards tourism within the state. Since 1992, ITRR has asked residents questions specific to their attitudes towards tourism. This study was conducted to continue tracking the perception of the tourism industry in Montana, as well as expanding the original survey to include topics such as the perceived economic benefit tourism provides to local communities, crowding at the local community level, as well as questions focused on amenities to support tourism, and disaster preparedness.

Montana Travel Experience Survey - Final Summary Report, Glenna Brown, Kara Grau, Megan Schultz

Institute for Tourism and Recreation Research Publications

This summary report highlights select findings from the nonresident 2021-2022 Montana Travel Experience Survey. Nonresident travelers who were interviewed by a surveyor in the state were given this survey along with the Nonresident Travel Survey after completing an in-person “Front End” survey at a gas station, rest area, or airport. Through June, 2022, 1,327 surveys were collected. Questions included topics related to visitors’ use of public lands, trip planning, and questions for first time and repeat visitors.

Analysis Of Freight Movements In The San Joaquin Valley, Aly Tawfik, Utsav Shah

Mineta Transportation Institute

Freight transportation plays a primary role in supply chains, costs, and availability of goods and is a major part of the economy. This study identifies, assesses, and utilizes different data sources to uncover and understand the patterns and movements of different types of freight in the San Joaquin Valley’s (SJV's) different counties. The San Joaquin Valley region consists of eight counties: San Joaquin, Stanislaus, Merced, Madera, Fresno, Kings, and Tulare. This research explored some major datasets with freight information, such as Global Trade Atlas (GTA), Port Imports and Exports Reporting Systems (PIERS), and Streetlight data insights for the year 2019 …

Nebraska Monthly Economic Indicators: January 27, 2023, Eric Thompson

Leading Economic Indicator Reports

The LEI-N fell by just 0.03% in December 2022. The leading indicator, which is designed to predict economic growth six months in the future, suggests that there will be little growth in the Nebraska economy during the first half of 2023. Three components of the leading indicator worsened in December. There was a decline in airline passenger counts on a seasonally-adjusted basis. Building permits for single-family homes also declined and there was another increase in initial claims for unemployment insurance in Nebraska. One positive component during December was the value of the U.S. dollar. The dollar declined in value which …