Public Economics Commons^™

Analysis Of Visitor Spending At The Bikes, Blues & Bbq Rally, Katherine A. Deck, Mervin Jebaraj

Publications and Presentations

• 59.9 percent of the 2013 Bikes, Blues & BBQ rally attendees came from outside the Northwest Arkansas region. 57.6 percent of all attendees were from outside Northwest Arkansas and primarily visiting to attend the motorcycle rally.
• The average spending of each motorcycle rally visitor from outside Northwest Arkansas was $401.86.
• Visitor spending generated at least $36.17 in state and local sales taxes per person.
• The average out-of-town visitor stayed in the Northwest Arkansas region for 3.8 days and occupied 0.7 room nights.
• Each visitor ate an average of 9.6 meals in Northwest Arkansas. On average, 8.9 meals were consumed in …

History, External Influence And Political Volatility In The Central African Republic (Car), Henry Kam Kah

Journal for the Advancement of Developing Economies

This paper examines the complex involvement of neighbours and other states in the leadership or political crisis in the CAR through a content analysis. It further discusses the repercussions of this on the unity and leadership of the country. The CAR has, for a long time, been embroiled in a crisis that has impeded the unity of the country. It is a failed state in Africa to say the least, and the involvement of neighbouring and other states in the crisis in one way or the other has compounded the multifarious problems of this country. Some of these states have …

Masthead And Table Of Contents

Journal for the Advancement of Developing Economies

The Journal for the Advancement of Developing Economies (JADE) is sponsored by the Institute for the Advancement of Developing Economies (IADE). JADE is an academic journal that publishes research articles and case studies on innovation, entrepreneurship, and other social areas that will aid in the advancement of developing economies.

Assessment Of Land Use Dynamics And The Status Of Biodiversity Exploitation And Preservation In Nigeria, Abiodun Elijah Obayelu

Journal for the Advancement of Developing Economies

Land is the most important natural resource that affects every aspect of human life, while biodiversity constitutes the most important working component of a natural ecosystem. Land use and biodiversity are agricultural and ecological challenges presently facing Nigeria in her efforts at addressing the issue of agro-ecosystem transformation and sustainable land productivity. This study employed secondary sources of information to assess land reform act in Nigeria, the methodological framework to analyze the linkages between land use change and biodiversity, effects of land use on biodiversity, status of biodiversity and suggests ways to solving land use problems and biodiversity loss. Findings …

Ubiquitous Consumer-Centric System To Combating Product Counterfeiting And Boosting Entrepreneurship In Developing Economies, Kingsley C. Nwosu

Journal for the Advancement of Developing Economies

Counterfeiting has been a menacing problem to global economies; however, it has been more devastating to developing and under-developed countries as a result of its impacts on various aspects of the economic development and health conditions of those countries. The consequences are abundantly documented, evidential and troubling. In addition to the fact that counterfeiting results in distribution of fake, cheap, and substandard products, it has very dissuasive effects on the entrepreneurial fabrics of a society. As various governments and agencies attempt to combat the menace and mitigate the consequences, the perpetuators are becoming even more sophisticated and resolute – encouraged …

Determinants Of Non-Oil Export And Economic Growth In Nigeria: An Application Of The Bound Test Approach, Samson Adeniyi Aladejare, Abdulwahab Saidi

Journal for the Advancement of Developing Economies

The effects of the recent global economic crises on Nigeria’s economy have reaffirmed the urgent need for economic diversification in the country. Although no country is immune to such global crises, the over reliance on oil export revenue by Nigeria expose her economy excessively to external shocks. Therefore, this research examines the impact of aggregate non-oil sector and its determinant on economic growth. The bound test approach was explored to examine the long and short run effects of the non-oil export and its ensuing determinants. The result reveals a significant effect of non-oil export on economic growth in both the …

European Union And African Union: A Study Of Regionalism For Global Integration And Development, Soji Oyeranmi

Journal for the Advancement of Developing Economies

Scholars of international political economy have made remarkable inroad into the study of comparative integration endeavors across the globe. For examples, over the last few years, comparative studies of the North Atlantic Free Trade Area (NAFTA) and the European Union (EU) had been undertaken to reveal the factors that facilitated the success of each organization in their integration efforts at the regional level. Also a comparative study of the Asia Pacific Economic Cooperation (APEC) and the European Union has also been undertaken. However, very little effort has been made to reveal the impact or power of regionalism on African development. …

Determinants Of Public Funding For Professional Athletic Venues, John K. Holland

CMC Senior Theses

This paper examines the financing of professional athletic venues and why certain franchises are able to obtain high percentages of overall stadium funding from the public. Existing literature shows the negligible effect of new athletic venues on the local economy and per capita income, and therefore the benefits from such a project are largely intangible. I use an ordinary least squares regression and show that the more successful a team is the less public funding they tend to receive. I also find that broad city statistics do not represent the specific areas that policy makers consider when making decisions about …

The Social Value Of Mortality Risk Reduction: Vsl Vs. The Social Welfare Function Approach, Matthew D. Adler, James K. Hammitt, Nicolas Treich

Faculty Scholarship

We examine how different welfarist frameworks evaluate the social value of mortality risk reduction. These frameworks include classical, distributively unweighted cost–benefit analysis—i.e., the “value per statistical life” (VSL) approach—and various social welfare functions (SWFs). The SWFs are either utilitarian or prioritarian, applied to policy choice under risk in either an “ex post” or “ex ante” manner. We examine the conditions on individual utility and on the SWF under which these frameworks display sensitivity to wealth and to baseline risk. Moreover, we discuss whether these frameworks satisfy related properties that have received some attention in the literature, namely equal value of …

Sustainability Policy’S Inherent Dilemmas – Exemplified Via Critical Examination Of The Las Vegas Metropolitan Sustainability Campaign, Kathryn A. Zimmerman

All Master's Theses

In response to a dual problem of critical water scarcity and rapid population growth, leaders of metropolitan Las Vegas implemented a region-wide, internationally marketed sustainability campaign. Preliminary studies found that, while sustainability policy attains its rhetorical goals, solutions initiated not only perpetuate but also purposefully expand the original dual problem to justify continuous water resource acquisitions. To examine this sustainability conundrum constructed by leadership—problem-perpetuation rather than problem-resolution—a critical examination in resource management asked two basic questions: what is being sustained and by what means? Via this inquiry, specific processes by which leaders perpetuate problems can be identified; and, so-informed, new …

A Normative Analysis Of Gambling Tax Policy, Kahlil S. Philander

UNLV Gaming Research & Review Journal

This article surveys the application of normative tax theory to gambling tax policy. The analysis suggests that fixed license based taxes may be preferable to taxes on gross gaming revenue. Where output based taxes are used, the types of gambling whose demand is more price sensitive, and the types that have positive links to other industries, should be taxed at comparatively lower rates. Sin-based taxes are noted to increase economic welfare, but only when applied with a rate commensurate to harm that is external to the gambler and the operator. Finally, inter-jurisdictional competition is identified as an important consideration in …

Subsidizing Non-Polluting Goods Vs. Taxing Polluting Goods For Pollution Reduction, Robert S. Main

Scholarship and Professional Work - Business

Pigovian taxes on polluters are politically unpopular, but subsidies for non-polluting sources are politically attractive. This paper presents a linear demand and supply model and numerical example to explore the trade-offs between taxing polluting sources of a good versus subsidizing non-polluting sources of the same good. While the model (along with the associated numerical example) shows the optimality of Pigovian taxes, it also shows how much welfare is reduced if subsidies for nonpolluters are employed instead. Further, it shows the optimal tax, given any level of subsidy and the optimal subsidy, given any level of tax.

An Examination Of The Governance Policies Of Maine Nonprofits As They Relate To Endowment And Cash Reseve Accounts, Kenneth S. Spirer

Muskie School Capstones and Dissertations

For my Capstone project, I examined whether Maine nonprofit organizations have established policies to manage their endowment and cash reserve funds. Based on survey responses and a literature review, I have identified governance policies that represent best practices for nonprofit organization’s responsibilities for the endowment assets. I also have drafted a sample Investment Policy Statement “template” for small nonprofits to use as a basis for developing their own policies.

The Primacy Of Context: An Exploration Into The Causes Of Food Insecurity In Kitere, Kenya., William O. Aludo

Capstone Collection

The purpose of this study was to explore the specific reasons why households in Kitere village, Kenya experience persistent food insecurity every year while the region enjoys the advantage of two planting/harvest seasons in a year. Kitere village lies within the lakeside region of Nyanza Province in Kenya, generally considered to be one of the more agriculturally productive parts of the country. The Participatory Rural Appraisal method was employed to gather qualitative data on the causes of food insecurity in Kitere village. The data sources were focus groups and a self-administered, one-time survey of random and non-random samples of key …

By Choice Or By Chance? Why Is Nevada Last In Federal Funding And What Can Be Done About It?, Tracy M. Gordon

Brookings Scholar Lecture Series

The federal government spends more than $600 billion or 17 percent of its budget each year on grants to states and localities. Nevada consistently ranks at the bottom among states in its allocation of federal dollars per capita. This presentation will examine the reasons for Nevada’s “donor state” status including state demographics, federal funding formulas, and state policy decisions. It will focus especially on Medicaid, the largest federal grant program, and Governor Brian Sandoval’s recent decision to participate in the program expansion scheduled for 2014 under the Affordable Care Act. The presentation will also discuss reasons for intergovernmental grants and …

Issue Brief: Saving By Mitigating, University Of Louisville, New England Environmental Finance Center

Sustainable Communities Capacity Building

Natural disasters can cause loss of life, inflict damage to buildings and infrastructure, and have devastating consequences for a community’s economic, social, and environmental well-being. Hazard mitigation means reducing damages from disasters.

Local governments have the responsibility to protect the health, safety, and welfare of their citizens. Proactive mitigation policies and actions help reduce risk and create safer, more disaster-resilient communities. Mitigation is an investment in your community’s future safety, equity, and sustainability.

Modeling Myopia: Application To Non-Renewable Resource Extraction, Tomoki Fujii

Research Collection School Of Economics

We develop a parsimonious model of myopia with an infinitesimal period of commitment as an extension to a standard dynamic optimization in a continuous-time environment. We clearly distinguish the processes of planning future controls and choosing the current control, which makes the model both analytically and numerically convenient. In its application to a simple non-renewable resource extraction problem, we show that whether the terminal time is free or fixed determines the appropriateness of the approximation to myopic agents by constant discounting. We also show that the expiry of extraction permits may be useful in the presence of myopia.

Government Size And Economic Growth In Nigeria: A Test Of Wagner's Hypothesis, M. Y. Dogo, U. M. Okpanachi, A. A. Muhammad, C. V. Umolu, K. J. Ajayi

Economic and Financial Review

This paper attempts an empirical validation of Wagner's law in Nigeria using quarterly data for the period 1982 to 2012. The hypothesis that real income does not Granger-cause government expenditure was rejected. Adopting the Fully Modified Ordinary Least Square (FMOLS) regression techniques, the study found support for the Wagner's hypothesis in Nigeria. The analysis provided empirical evidence to support the existence of a long-run equilibrium relationship between economic activity and government expenditure in Nigeria. Overall, the results corroborated the Goffman's version of the Wagner's law in Nigeria. Thus, government needs to create fiscal space to enable deployment of more resources …

Affordable Fares, Sustainable Public Transport: The Fare Review Mechanism Committee Report, Sock Yong Phang

Research Collection School Of Economics

The public transport system in Singapore is the main mode of transport for the majority of the population. It is important that public transport remains generally affordable and accessible, with measures to help various commuter groups through fare assistance schemes. Household surveys show that public transport has become more affordable as a proportion of monthly household income over the years. Public transport fares have increased, but at a much lower rate than increases in income. At the same time, increasing fuel costs and other changes in the public transport landscape since 2005 mean that the public transport industry faces declining …

Valuation Of The Ecosystem Services Provided By Coastal Ecosystems In Shandong, China: Developing A Non- Market Valuation System, Jing Guo

Working Papers

Non-market valuation assesses the contributions of ecosystem services to human well-being by determining the preference of users. That is how much money users are willing to pay for ecosystem improvements or how much they are willing to accept for ecosystem losses. Through exploring these preferences, the natural capital can be accounted for economically and quantitatively. It can not only lead to better understanding of ecosystem benefits, but also make it possible to compare ecosystem services with other conventional goods and services (e.g. real estate) in monetary terms.

Shandong is a coastal province of China, which is located on the eastern …