Regional Economics Commons^™

Short-Term Household Economic Stress Effects On Retail Sales In El Paso: 2002-2019, Thomas M. Fullerton Jr., Patricia Arellano-Olague

Border Region Modeling Project

Economic stress indices are beginning to be developed as gauges of business cycle conditions for regional economies. Although the popularity of these metrics is increasing, there have been only a small number of studies that analyze the effectiveness of these tools for monitoring regional economic developments. This effort employs data for one such index that is maintained by The University of Texas at El Paso Border Region Modeling Project. The sample period covers December 2002 through March 2019. Specific components of the index include inflation, unemployment, and housing prices. Estimation results indicate that the effects of any changes in economic …

The Productivity And Future Growth Potential Of Indonesia, Mohamad Ikhsan, Sri Mulyani Indrawati, I Gede Sthitaprajna Virananda, Zihaul Abdi

Economics and Finance in Indonesia

The output per worker of Indonesia has been on a downtrend since 2010, with total factor productivity (TFP) and capital stock largely stagnant if not declining. This paper discusses stylized facts that may explain recent trends in the productivity and growth potential of Indonesia. The decomposition of output per worker reveals the declining contribution of human capital, which is also most negative among peer countries. The growth in labor productivity has been concentrated within sectors, implying room for gains from labor reallocations. A substantial share of employment and credit in Indonesia has shifted to the relatively unproductive service sectors, particularly …

Bank, Stock Market Efficiency And Economic Growth: Panel Data Evidence From Asean-5, Asia-5 And Oecd-7 Countries, Swee Liang Tan

Research Collection School Of Economics

This paper estimates bank and stock market efficiency associations with real per capita GDP growth by examining panel-data across three different regions using Beck-Katz Panel-Corrected Standard Errors (PCSE) regression. It allows heteroskedastic and/or contemporaneously correlated disturbances across panels, with to specify a common first-order autocorrelation within the panel. The results suggest efficiency effects on growth is not unambiguous. The results suggest a threshold beyond which increase in bank overhead cost hurts economic growth, for developing countries. Likewise, there is a threshold beyond which increase in stock market turnover ratio hurts economic growth, for developed countries. One policy implication of the …

Paso Del Norte Economic Indicator Review, March, Hunt Institute For Global Competitiveness

Technical Reports

No abstract provided.

Implications Of The African Continental Free Trade Area For Nigeria’S Economic Growth, O. S. Aigheyisi, M. A. Iyoha

Economic and Financial Review

The objective of this paper is to examine the effect of intra-African Trade on Nigeria’s economic growth from 1981 to 2019. To achieve this, the ARDL modeling technique is employed to investigate the short-run and long-run effects of intra-African trade on Nigeria’s economic growth. The study finds that though the short-run effect is positive but not significant; the long-run effect is significantly positive, and robust to alternative estimation techniques. This suggests that expansion of trade among African countries, which is expected to result from the full implementation of the African Continental Free Trade Agreement (AfCFTA), would have positive growth effect …

Borderplex Business Barometer, Volume 6, Number 3, Thomas M. Fullerton Jr., Steven L. Fullerton

Border Region Modeling Project

No abstract provided.

Nebraska Monthly Economic Indicators: February 23, 2022, Eric Thompson

Leading Economic Indicator Reports

The LEI-N rose by 0.58% during January 2022. The increase in the leading indicator, which is designed to predict economic activity six months in the future, signals moderate economic growth in Nebraska through the summer of 2022. The indicator improved for three primary reasons. There were positive business expectations in January according to respondents to the monthly Survey of Nebraska Business. Initial claims for unemployment insurance also fell during the month as a sign of strength for the labor market. The value of the U.S. dollar also fell, which is helpful for Nebraska businesses that compete in international markets.

Nebraska Monthly Economic Indicators: February 2, 2022, Eric Thompson

Leading Economic Indicator Reports

The LEI-N rose by 0.73% during December 2021. The increase in the leading indicator, which is designed to predict economic activity six months in the future, signals moderate economic growth in Nebraska through June 2022. There were positive business expectations in December and an increase in building permits for single-family homes. Initial claims for unemployment insurance also fell during the month. Among declining indicators, there was a drop in manufacturing hours worked and airline passenger counts during December.

Paso Del Norte Economic Indicator Review, February, Hunt Institute For Global Competitiveness

Technical Reports

No abstract provided.

Borderplex Business Barometer, Volume 6, Number 2, Thomas M. Fullerton Jr., Steven L. Fullerton

Border Region Modeling Project

No abstract provided.

Borderplex Economic Outlook To 2023, Thomas M. Fullerton Jr., Steven L. Fullerton

Border Region Modeling Project

No abstract provided.

Economic Impact Of A Proposed Metals Manufacturing Plant, Eric Bowen

Bureau of Business & Economic Research

In this briefing paper, we estimate the potential economic impact of a new metals manufacturing plant in West Virginia. Data for this study were provided by the West Virginia Development Office. We consider the economic impact of the plant construction and operational spending in terms of output, employment, employee compensation, and select state and local tax revenue.

Geographic Determinants Of Colorectal Cancer In Louisiana, Denise Danos, Claudia Leonardi, Xiao Cheng Wu

School of Public Health Faculty Publications

Purpose: Currently, rural residents in the United States (US) experience a greater cancer burden for tobacco-related cancers and cancers that can be prevented by screening. We aim to characterize geographic determinants of colorectal cancer (CRC) incidence in Louisiana due to rural residence and other known geographic risk factors, area socioeconomic status (SES), and cultural region (Acadian or French-speaking). Methods: Primary colorectal cancer diagnosed among adults 30 years and older in 2008–2017 were obtained from the Louisiana Tumor Registry. Population and social and economic data were obtained from US Census American Community Survey. Rural areas were defined using US Department of …

Blue Growth: A Transitions Approach To Developing Sustainable Pathways, Christina Kelly, Ben Mcateer, Frances Fahy, Liam Carr, Daniel Norton, Desiree Farrell, Rebecca Corless, Stephen Hynes, Zacharoula Kyriazi, Agnès Marhadour, Regis Kalaydjian, Wesley Flannery

Journal of Ocean and Coastal Economics

The sustainable management of Blue Growth is an urgent issue for coastal states. Marine industries have rapidly expanded over the last two decades and this is projected to continue with the European Green Deal and post-COVID economic recovery policies. The intensification of Blue Growth could have adverse socio-ecological implications and must, therefore, be managed in terms of sustainability, natural resource boundaries, and coastal community well-being. Managing Blue Growth in a sustainable manner however, is challenging due to the longstanding inefficiencies and inertia of existing marine governance regimes. Adopting a transitions approach has been advanced as a way of steering regime …

Challenges In Measuring Indicators Of Progress For The Atlantic Action Plan, Daniel Norton, Regis Kalaydjian, Stephen Hynes, Arantza Maza Murillas, Javier Fernandez-Macho, Wesley Flannery, Maria Pilar Gonzalez Casimiro, Agnès Marhadour, Zacharoula Kyriazi, Christina Kelly, Raul Prellezo, Marta Escapa, Erwann Quimbert, Noel Ballantyne, Rebecca Corless, Maria Pafi, Yang Yaqi

Journal of Ocean and Coastal Economics

The EU Atlantic Action Plan (AAP) has recently been updated and revised to support ‘blue growth’ along Europe’s western coastal regions. The revisions reflect recent challenges facing the Atlantic Arc maritime economies including the Covid-19 crisis, Brexit and the new requirements of the European Green Deal. This new revision, termed AAP 2.0, also addresses some of the weaknesses highlighted in the original Atlantic Action Plan particularly regarding identifying indicators that may be used to measure progress in the achievement of the Plan’s objectives. Using a database with comparable marine socio-economic data across the Atlantic regions, a number of indicators are …

Spatial Microsimulation For Regional Analysis Of Marine Related Employment, Stephen Hynes, Cathal O'Donoghue, Ryan Burger, Jenny O'Leary

Journal of Ocean and Coastal Economics

This paper presents a modelling framework that facilitates marine policy impact assessment at a scale that is below the national level. The spatial microsimulation approach provides a regional level of analysis not generally possible when dealing with ocean economy statistics that are often even difficult to compile at a national level and offers a powerful modelling tool for maritime spatial planning. The spatial microsimulation model is used to profile the spatial distribution of marine related employment in Ireland. It is then used to carry out a micro-level regional assessment of the impact of the Covid-19 pandemic restrictions on the distribution …

Exploring South Korea’S Ocean Economy : The Korea National Ocean Economy Survey 2017-2019, Seokwoo Jake Choi Dr, Ju-Hyeoun Kim, Gi-Su Kim, Kwang Seo Park Dr

Journal of Ocean and Coastal Economics

As the economic contribution of the ocean and fisheries industry increases, it is essential to identify industrial characteristics and propose specialized strategies based on data. However, there has been a lack of research on the establishment of an industrial classification system that reflects the characteristics of the ocean and fisheries industry in South Korea. Therefore, this study aims to introduce the specialized classification system of the ocean and fisheries industry and, further intends to analyze industry trends using the survey data based on the classification system. For the past three years (2017-2019) 9,000 businesses were surveyed annually to estimate industry …

Part 3: Who's At The Bedside? Does Virginia Have Enough Nurses?, Dragas Center For Economic Analysis And Policy, Old Dominion University

State of the Commonwealth Reports

In 2021, nurses ranked again as the most trusted profession in the United States. Yet, even though many Americans view them favorably, nurses have been the target of conspiracy theories, verbal abuse, and physical violence. As more nurses report symptoms of burnout and some are quitting the profession entirely, we explore the coming shortage of nurses in Virginia and ask what factors limit the supply of nurses.

The Covid-19 Pandemic And The Importance Of Financing The Biotechnology Industry In South Africa, Ramazan Uctu, Karen Eksteen

The Journal of Entrepreneurial Finance

Whether it is a government research institution, a public-private partnership, or a private enterprise, the South African biotechnology industry requires funding for the biotechnology industry. Our goal with this research is to look into the role of venture capital (VC) in financing biotech enterprises and demonstrate how VC finance could aid in the development of diagnostic kits and vaccines for Covid-19 or future pandemics in South Africa.

The study aims to provide policymakers with a clear image of the importance of funding the biotechnology sector, notably during the Covid-19 period, as recognized by the industry's key players. We employed a …

Annual Report 2021 – 22: China Study Centre Iba Karachi, China Study Centre, Institute Of Business Administration

China Study Centre - Research and Reports

Pakistan has a longstanding relationship with the People’s Republic of China, as Pakistan was the first country to recognize it. Over time, the strategic and economic relationship between both the countries have been strengthening through various joint projects, with China-Pakistan Economic Corridor (CPEC) being an exemplary project. CPEC is China’s 15-years old, $62 billion investment in Pakistan. Moreover, the flagship project of its Belt and Road Initiative (BRI) took a five-decade-long strategic alliance between the two countries to the economic sphere in 2015. CPEC is best seen as an economic peg in terms of broader strategic relationships between both countries. …

Community Well-Being And Leadership In Nonmetropolitan Nebraska: 2022 Nebraska Rural Poll Results, Rebecca J. Vogt, Heather Akin, Cheryl A. Burkhart-Kriesel, Bradley Lubben, L. J. Mcelravy, Timothy Meyer, Steven A. Schulz, Amanda Tupper

Nebraska Rural Poll

Rural Nebraskans are less positive about the current change and expected future change in their communities this year. The proportion believing their community has changed for the better has typically been greater than the proportion believing it has changed for the worse. However, last year the proportion believing their community changed for the worse was slightly more than the proportion believing it had changed for the better (similar to what occurred in 2003 and 2009). This year, that gap widened a bit.

Despite that, rural Nebraskans are positive about their community by many different measures. Most rural Nebraskans rate their …

Views Of Well-Being In Nonmetropolitan Nebraska: 2022 Nebraska Rural Poll Results, Rebecca J. Vogt, Heather Akin, Cheryl A. Burkhart-Kriesel, Bradley Lubben, L. J. Mcelravy, Timothy Meyer, Steven A. Schulz, Amanda Tupper

Nebraska Rural Poll

This year, rural Nebraskans are more pessimistic about their current situation than they’ve been in the past nine years. The proportion believing they are worse off than they were five years ago was 21 percent, up from the 11 percent reported last year. This is the highest level since 2013, when 26 percent believed they were worse off. This increase in pessimism did not translate into a decrease in optimism, however. This year, one-half of rural Nebraskans believe they are better off compared to five years ago, similar to 52 percent last year. The corresponding change occurred in a decrease …

Front Matter: 2022 State Of The Commonwealth Report, Dragas Center For Economic Analysis And Policy, Old Dominion University

State of the Commonwealth Reports

Cover, front matter, table of contents, sponsors, and other materials for the 2022 State of the Commonwealth Report authored by the Center for Economic Analysis and Policy at Old Dominion University.

Part 5: A Deeper Dive Into The Blacksburg-Christiansburg Metropolitan Area, Dragas Center For Economic Analysis And Policy, Old Dominion University

State of the Commonwealth Reports

The Blacksburg-Christiansburg metropolitan statistical area includes the counties of Giles, Montgomery, and Pulaski as well as the independent city of Radford. Virginia Tech, with over 37,000 full-time equivalent students in the 2021–2022 academic year, is not only the largest employer in the metro area, but it continues to expand its reach across the Commonwealth. We highlight how the metro region has fared over the last decade and discuss the prospects for future growth.

2022 State Of The Commonwealth Report, Vinod Agarwal, Barbara Blake, Bojana Bolozan, Ashley Desilva, Nikki Johnson, James V. Koch, Timothy M. Komarek, Feng Lian, Sharon Lomax, Christian Manty, Janet Molinaro, Brendan O'Hallarn, Terry Parker, Matt Voegel, Suzanne Wright, Robert M. Mcnab

State of the Commonwealth Reports

This is Old Dominion University’s eighth 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 O. 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 over the coming decade without glossing over the challenges we face. Instead of …

Part 4: Virginia's Lawyers Confront Tougher Times, Dragas Center For Economic Analysis And Policy, Old Dominion University

State of the Commonwealth Reports

While movies and television shows portray lawyers as members of high society, with expensive cars and tastes, the reality is grittier. In 2021, more than 90% of law students took out a loan to enable them to pay their costs, and the typical law school graduate owed $165,000 in loans. The crucial point of this report, however, is that significant proportions of law school graduates are destined to be disappointed if they pursue a career in law believing they will earn lots of money. In this chapter, we explore the supply of lawyers in Virginia and whether we are producing …

Life In Hampton Roads Survey Press Release #3: Economy & Employment, Social Science Research Center, Old Dominion University

Life in Hampton Roads Survey Report

Life in Hampton Roads 2022 - Economy & Employment

Hampton Roads residents had mixed perceptions of the economy but showed some optimism about their own financial situation. Less than half (42.4%) of those surveyed rated the economic conditions in Hampton Roads as excellent (3.1%) or good (39.3%). A similar percentage (42%) rated economic conditions as fair and 14.6% rated them as poor. Interestingly, despite the impacts of COVID-19, these ratings are not much different than in past years of the survey, during or prior to the pandemic. For example, in 2021, 47.5% rated economic conditions as excellent or good and …

Front Matter: The State Of The Region: Hampton Roads 2022, 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 2022 The State of the Region Report authored by the Center for Economic Analysis and Policy at Old Dominion University.

The State Of The Region: Hampton Roads 2022, Dragas Center For Economic Analysis And Policy, Old Dominion University, Vinod Agarwal, Christen Black, Barbara Blake, Bojana Bolozan, Ashley Desilva, Joseph Hollar, Elizabeth Janik, Nikki Johnson, James V. Koch, Tim Komarek, Feng Liang, Sharon Lomax, Christian Manty, Janet Molinaro, Christian Moore, Brendan O'Hallarn, Terry Parker, Matt Voegel, Suzanne M. Wright

State of the Region Reports: Hampton Roads

[From the introductory material]

This is Old Dominion University’s 23rd 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 O. 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.

Over the past year, we have experienced the continued uncertainty of the COVID-19 pandemic, the rise of inflation, and geopolitical shocks that have affected our daily …

In Memoriam: Arthur Diamonstein, Dragas Center For Economic Analysis And Policy, Old Dominion University

State of the Region Reports: Hampton Roads

Arthur Diamonstein, a former rector of Old Dominion University’s Board of Visitors, died in Norfolk on Aug. 14. He was 92.