Economic Policy Commons^™

Economic Segregation, Inequality, And The New Urban Crisis In The Mountain West, Ember Smith, Caitlin Saladino, William E. Brown

Housing & Real Estate

This fact sheet highlights economic segregation, inequality, and the effect of the “New Urban Crisis” in the Mountain West region (Nevada, Arizona, New Mexico, Colorado, and Utah) as computed and analyzed by Richard Florida in The New Urban Crisis: How Our Cities are Increasing Inequality, Deepening Segregation, and Failing the Middle Class- and What We Can Do About it.

The Future Of Work In The Mountain West, Ember Smith, Caitlin Saladino, William E. Brown

Economic Development & Workforce

This Fact Sheet highlights the potential net job growth in the Mountain West states (Nevada, Utah, Arizona, New Mexico, and Colorado) and automation employment implications in each county in the region as detailed in The future of work in America: People and places, today and tomorrow, a report by the McKinsey Global Institute.

How Technology-Based Start-Ups Support U.S. Economic Growth, Mary Blankenship, Caitlin Saladino, William E. Brown

Economic Development & Workforce

This Fact Sheet examines the trends of technology-based start-ups within the United States and specific states in the Mountain West (Arizona, Colorado, Nevada, Utah, and New Mexico) across the top 10 technology industries in 2016, using data provided by a report from the Information Technology and Innovation Foundation.

Best Performing Cities: Where America's Jobs Are Created And Sustained, Peter Grema, Caitlin Saladino, William E. Brown

Economic Development & Workforce

This Fact Sheet summarizes and expands upon the findings of the Milken Institute’s 2018 Best Performing Cities series report on the top 200 large cities and top 200 small cities in the United States in 2018. For the purposes of this Fact Sheet, the report focuses on 26 metropolitan areas located within the Mountain West region of the United States (Nevada, Arizona, Utah, Colorado, and New Mexico).

Brain Drain In The Mountain West, Ember Smith, Caitlin Saladino, William E. Brown

Economic Development & Workforce

This Fact Sheet highlights the effects of major shifts in geographic mobility patterns of highly-educated citizens in the Mountain West (Nevada, Utah, Arizona, New Mexico, and Colorado). The phenomenon, dubbed “brain drain” by experts, is characterized by the out-migration of a group of highly-educated people. “Brain gain” describes the opposite: when a location attracts highly-educated people. Several states are keeping and welcoming more highly-educated adults, while other states are rapidly losing talent. This migration pattern has important implications for social, political, and economic issues facing the country.

Economic Prosperity Of Nevada Counties And Southwest Metros, Madison Frazee-Bench, William E. Brown, Caitlin Saladino

Economic Development & Workforce

This Fact Sheet highlights the economic and social disparities of Nevada’s counties as well as the counties in the Southwest Metro Area. By using data from The Hamilton Project, the following tables illustrate disparities within each county in Nevada and in the Southwest Metros.

Digitalization And The American Workforce, Mary Blankenship, Caitlin Saladino, William E. Brown

Economic Development & Workforce

This Fact Sheet examines the rate of digitalization within the Metropolitan Statistical Areas (MSAs) of the Mountain West division using the findings and data from Digitalization and the American Workforce, a report from the Brookings Institution.

Economic Growth In Mountain West Metropolitan Areas, Ember Smith, Caitlin Saladino, William E. Brown

Economic Development & Workforce

This Fact Sheet highlights trends in America’s economic progress, demonstrating how four metropolitan statistical areas (MSAs) in the Mountain West region (Salt Lake City, Phoenix-Mesa-Scottsdale, Las Vegas-Henderson-Paradise, and Denver-Aurora-Lakewood) fared from 2016 to 2017 and from 2007 to 2017 compared to the national economy and the 100 largest metropolitan economies.

Automation Potential And Artificial Intelligence, Ember Smith, Caitlin Saladino, William E. Brown

Economic Development & Workforce

This Fact Sheet highlights the automation potential in the Mountain West states (Nevada, Utah, Arizona, New Mexico, and Colorado) and its metropolitan statistical areas using the findings of Automation and Artificial Intelligence: How machines are affecting people and places, a report by the Brookings Institution.

Chmura Economic Diversity Index: Nevada Counties And Southwest Metros, Madison Frazee-Bench, Caitlin Saladino, William E. Brown

Economic Development & Workforce

This Fact Sheet highlights Nevada and Mountain West data from the 2018 Economic Diversity Index (EDI), prepared by Chmura Economics & Analysis the economic diversity data details the disparities within counties in Nevada. The tables below show the different levels of economic diversity that exist in Nevada’s counties and other relevant metropolitan statistical areas (MSAs).

Economic Innovation Group (Eig) 2018 Distressed Communities Index (Dci): Nevada Counties, Lauren Fousek, Caitlin Saladino

Economic Development & Workforce

This Fact Sheet highlights the Economic Distress Indicators (EDI) for the 17 counties within Nevada. Using the Economic Innovations Group1 DCI (Distressed Communities Index),2 the Tables that follow report EDI for each of the 17 counties in Nevada, grouped within two time-frames (2007-2011 and 2012-2016), and showing change over time. The data provides the opportunity to compare how the Great Recession affected communities across the nation and how the ongoing recovery is reshaping the economies and social networks of our nation.

Public Interests And Economic Regulation Of Gambling, Rein Halbersma, Joost Poort

International Conference on Gambling & Risk Taking

In the Netherlands, the Betting and Gaming Act from 1964 largely determines the current structure of gambling markets. The policy was to channel consumers to a limited number of licensed operators. This led to state-owned monopolies for lotteries, sports betting and casinos, a private monopoly for horse race betting, a limited number of privately owned charity lotteries, and a large number of private slot machines operators.

Pending legislation proposes an online market without a limit on the number of operators. Furthermore, state ownership will be phased out, and introduced legislation to privatizing and expanding the number of casinos. The current …

Cultural Vs. Economic Investments Of Tribal Casinos In Historical Perspective, Yale D. Belanger Dr.

International Conference on Gambling & Risk Taking

This presentation will elaborate how tribal community leaders originally envisioned utilizing gaming revenues to fund cultural investments such as language retention or elders’ programs, and whether they and their fellow community members assigned cultural investments a greater value than economic investments (e.g., infrastructure such as paved roads). Preliminary research suggests that leaders seeking casino or gaming site construction commonly identified cultural investments as an essential element of community development initiatives, and that they could be considered unique from and complementary to economic development initiatives. These and similar acts openly challenged the desires of state officials and national policy makers, who …

Las Vegas And The Middle Class, Brookings Mountain West

Brookings Scholar Lecture Series

On Friday November 9, 2018, Brookings Mountain West launched “Las Vegas and the Middle Class,” a major project exploring public policy initiatives designed to improve the quality of life of the middle class in Las Vegas, and to increase the number of people rising to join its ranks. Through independent, non-partisan analysis and policy development, the project aims to advance public understanding of the challenges facing the middle class in Las Vegas, and barriers to upward mobility. In collaboration with visiting scholars from the Brookings Institution - including Richard Reeves, Camille Busette, and others – experts at Brookings Mountain West, …

U. S. Fiscal Policy And Asset Prices: The Role Of Partisan Conflict, Rangan Gupta, Chi Keung Marco Lau, Stephen M. Miller, Mark E. Wohar

Molasky Family Department of Economics and Real Estate Faculty Research

Fiscal policy shocks exert wide-reaching effects, including movements in asset markets. US politics have been characterized historically by a high degree of partisan conflict. The combination of increasing polarization and divided government leads not only to significant Congressional gridlock, but also to spells of high fiscal policy uncertainty. This paper adds to the literature on the relationships between fiscal policy and asset prices in the US economy conditional on the degree of partisan conflict. We analyze whether a higher degree of partisan conflict (legislative gridlock) reduces the efficacy of the effect and response of fiscal policy on and to asset …

Inequality, Mobility, And Cities, Alan Berube

Brookings Scholar Lecture Series

Inequality may be the result of global economic forces, but it matters in a local sense. Large population, diverse housing types, and generally progressive politics mean that big cities will always have higher shares of the rich and poor than smaller places. But a city where the rich are very rich, and the poor very poor, is likely to face difficulties educationally, fiscally, and socially. In the face of these economic forces and political gridlock in Washington, many cities are becoming the testing ground for new public policies to fight inequality and promote social mobility: local minimum wages, new affordable …

Reconciling The Rhetoric And Reality Of Student Loan Debt, Elizabeth Akers

Brookings Scholar Lecture Series

Student loan debt has increased over the past three decades. This lecture will identify the factors that led to that increase in student loan debt what economic and social factors drove that increase. The talk will also consider the economic effects of increased or decreased earnings generated by individuals with student loan debt. This analysis will present data to assess the validity of several widely-held beliefs about the impact of student loan debt in the United States (e.g., increased student loan debt is depressing the housing market) and apply data-backed evidence to determine ways in which current and proposed policies …

The Changing Geography Of Poverty & Opportunity In Nevada, Elizabeth Kneebone

Brookings Scholar Lecture Series

Today, suburbs are home to the largest and fastest growing poor population in the country. Regions like Las Vegas have been at the forefront of that trend since 2000. Elizabeth Kneebone, co-author of the book Confronting Suburban Poverty in America, will discuss the rapid growth of poverty and concentrated disadvantage in the suburbs; how these trends intersect with the changing location of affordable housing, services, transit, and jobs; and what the changing geography of poverty means for policymakers and practitioners in Nevada working to promote economic opportunity throughout the state.

The Metropolitan Revolution Comes To Greater Las Vegas, Robert E. Lang

Brookings Scholar Lecture Series

No abstract provided.

The Great Recession And U.S. Safety Nets: The Case Of Temporary Assistance To Needy Families (Tanf), Vicky Albert

Brookings Scholar Lecture Series

The Great Recession

• Officially lasted from December 2007 to June 2009
• Most severe recession since Great Depression
• In the first quarter of 2012 about 30% of jobless workers had been unemployed for a year or longer
• From 2007 to 2009, real personal income per capita fell by 8.3 percentage points and many individuals dropped from the labor force

The Safety Nets for Families with Children

• Unemployment Insurance
• Medicaid
• Earned Income Tax Credit
• Supplemental Security Income (SSI)
• Subsidized Housing
• Temporary Assistance for Needy Families Program (TANF)

Transforming For The Future: The New Economic Driver For The Las Vegas Tourism Industry, Kwangbok Lee

UNLV Theses, Dissertations, Professional Papers, and Capstones

Tourism transformation has recently become a key strategy in today's competitive business environment, as continued rejuvenation is required for a tourism destination to succeed over time. However, transformation can prove problematic for many emerging tourism destinations, which suffer from a lack of long-term decision-making tools and leadership from institutions at a local level. Therefore, this paper aims to use the theoretical framework of transformation theory—particularly the institution dimension— to demonstrate that Las Vegas’ ongoing transformative shift over the last 80 years from a mining town to a gaming destination, and then, to a multi-dimensional tourist attraction, has been largely successful …

The Other O: Comparing Las Vegas To A Successful Mid-Sized, Midwestern Metropolitan Area, Robert E. Lang

Brookings Scholar Lecture Series

No abstract provided.

The Advanced Industry Economy In The Mountain West: Finding The Next Silicon Valley, Robert E. Lang

Brookings Scholar Lecture Series

No abstract provided.

Is Las Vegas The Next Silicon Valley? A First Look At Brookings Top 100 Metro Data On Advanced Industries, Robert E. Lang

Brookings Scholar Lecture Series

No abstract provided.

Nonprofit Organizations And The Nevada Economy: An Analysis Of The Employment, Economic Impact, And Scope Of The Nonprofit Sector In Nevada, Jessica K. A. Word, Jaewon Lim, Carol Servino, Kenneth Lange

Lincy Institute Reports and Briefs

The Nevada nonprofit sector plays an important role in the state’s economy. This research report examines the role of nonprofit organizations in the economy and details regional differences in terms of employment and economic impact in the state.

The Case For A New College Governance Structure In Nevada: Integrating Higher Education With Economic Development, Magdalena Martinez, David F. Damore, Robert Lang

Lincy Institute Reports and Briefs

As Katz and Bradley (2013) document, the confluence of partisan politics and budget cuts have left the federal government and to a lesser extent, state governments impotent to address the countless economic and education challenges facing the United States. Out of necessity, metros and regions are taking the lead in collaborating, innovating, and governing in Post-Recession America. Instead of waiting for federal or state governments to impose prescriptive, one-size fits all “solutions,” localities are seizing opportunities to strengthen their economies by working with stakeholders to develop policies tailored to their unique and complicated needs.

Understanding Nevada's Higher Education Governance For Two-Year Colleges: Challenges And Solutions, Magdalena Martinez

Lincy Institute Reports and Briefs

State governance of colleges and universities is an indicator of the state’s relationship with key stakeholders, such as business leaders, elected officials, policy makers, and local residents. Accordingly, a state’s college governance structure shapes two-year public colleges’ institutional priorities and how these vital institutions respond to local workforce needs. Around the country, an important function of two-year colleges is to provide training and skills for regional workforces that align to local business and industry needs. This brief examines the origins of two-year colleges and compares Nevada’s college outcomes with those of similar states through.

Should Las Vegas Pursue Establishing An Online Gaming Cluster? An Exploratory Study, Laimonas Gubista

UNLV Theses, Dissertations, Professional Papers, and Capstones

The purpose of this research was to determine whether (1) clustering benefits cities, (2) Las Vegas is a cluster of the worldwide gaming industry, and (3) online gaming cluster is forming in Las Vegas in spite of unfavorable business environment. The exploratory study should be useful to lawmakers and business leaders in shaping Nevada’s future. It could provide essential information focusing on whether Las Vegas should actively pursue an online gaming cluster.

Explaining County Government Budget Transparency In An Age Of E-Government, Jonathan M. Birds, Leander D. Kellogg, E. Lee Bernick

Graduate Research Symposium (2010 - 2017)

This research seeks to explain budgetary transparency practices of individual US counties by examining the extent of information sharing with constituents via their websites. There are 3,138 counties and county-equivalents in the United States. This study evaluates a random sample of 400 US counties where 19% of the represented counties having populations of 100,000 or more residents, matching the same ratio of counties with populations of 100,000 or more residents nationally. We create a four-level categorical dependent variable measuring budget transparency. Using an ordered probit analysis with six independent variables we are able to explain the probability of counties having …

America's Role In A Changing World, Bruce Jones

Brookings Scholar Lecture Series

For over sixty years the United States has led an international order that provided the underpinnings of peace, security, and economic prosperity. Today, that order is under strain from a variety of sources: the rise of new powers, an economic crisis, resource scarcity, technological innovations, rising nationalism, territorial disputes, and transnational challenges. This lecture will examine these pressures and ask how the United States can reform the international order so it plays as constructive a role in the 21st century as it did in the 20th.