Regional Economics Commons^™

Part 4: Where Our City And County Governments Spend Their Money, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

City and county governments in our region focus their spending on education and public safety. However, the specific choices they make sometimes can be surprising. Governmental units now face politically difficult decisions, such as closing under-enrolled schools.

Part 7: Mental Health Care In Hampton Roads: "Streeting," Guns And Budgets, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

Virginia no longer institutionalizes many mentally ill individuals, but mental health budgets are insufficient to meet demands. The Commonwealth’s rather lax gun laws limit our ability to keep guns out of the hands of dangerously mentally ill people.

Part 8: Ok, Now What Should We Do? Is It Richard Florida's "Creative Classes" Or Instead "Back To Basics" That Should Guide Our Future Regional Economic Growth?, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

Richard Florida’s “creative class” theory of why cities and regions grow is popular, but does not explain the world as well as traditional theories that focus on human capital and technology. This chapter recommends specific policies for our region that are more likely than Florida’s to stimulate economic growth and critiques several hot, current policy issues.

A Book Review Of Capitalist Manifesto: Understanding The Market Economy And Defending Liberty, Brad Ward

Journal for the Advancement of Developing Economies

The purpose of this paper is to review the book A Capitalist Manifesto: Understanding the Market Economy and Defending Liberty by Gary Wolfram. In a time of political unrest throughout the industrialized and developing world, Wolfram defends the free market economic system and educates the reader as to the various benefits of capitalism. According to the author, governments should create concise laws and regulations that allow individuals to pursue their ambitions without unnecessary interference. Wealth redistribution, a trait associated with socialism, leads to stagnant economies and minimal innovations. The roles that banks and the government play in the economy are …

Multinational Enterprise Entry Modes In Sub-Saharan Africa: An Eclectic Paradigm Perspective, Isaac Yao Addae, Martinez Vencia Addae

Journal for the Advancement of Developing Economies

The use of entry modes by multinational firms has received increased attention from international business scholars. Based on the context of sub-Saharan Africa, this research reviews the locational benefits offered to MNEs by in this region. Borrowing from the eclectic paradigm of international production, the research also examines the effects of each type of entry on the locational advantages offered to MNEs. Propositions are presented to suggest which mode of entry MNEs should pursue in African markets, based on the existence of locational advantages that complement existing firm-specific advantages. Practical and research implications are discussed, in addition to considerations for …

Exchange Rate Volatility And Foreign Direct Investment In Sub-Saharan Africa, Emmanuel Ekow Asmah, Francis Kwaw Andoh

Journal for the Advancement of Developing Economies

Foreign Direct Investment (FDI) is an important source of financing development. It enhances efficiency and raises skills of local manpower, facilitates transfer of technology, generates employment and promotes productivity resulting in broad welfare improvements. Although FDI could have a substantial impact on the growth of African economies, poverty reduction and the achievement of various dimensions of human development as articulated in the Millennium Development Goals, its flows to Africa, though growing steadily have been relatively low, volatile, and highly concentrated in a few countries. One of the factors that have been identified in the literature as key drivers of FDI …

Determinants Of Savings Rate In Rural Nigeria: A Micro Study Of Kwara State, Oluwakemi Adeola Obayelu

Journal for the Advancement of Developing Economies

The inability of households to save over time has significant influence on the rate of capital accumulation and economic growth in developing countries. In order to understand this trend, this research assesses savings rates and its correlates in rural Kwara state, Nigeria. A multistage sampling procedure was used to obtain data from 120 households. This was then analyzed using two descriptive statistics: the generalized linear model and the Tobit regression model. Results show that majority of the rural households were male-headed (81.0 percent) and combined farming with other non-farming activities (73.5 percent). The Tobit regression model reveals that age squared …

Can Spatial Dependence Enhance Industry Sustainability? The Case Of Pasture-Based Beef, Inocencio Rodriguez, Gerard D'Souza, Thomas Griggs

Regional Research Institute Working Papers

Can sustainability be enhanced by maximizing the sum of private and social benefits from an industry? This might take place, for example, by identifying production options that increase profitability side-by-side with societal goals such as renewable energy production and carbon sequestration, healthier communities, environmental quality, and economic development. We explore this issue for pasture based beef (PBB), a nascent industry where industry profitability, community development, and quality of life can be enhanced by explicitly linking the PBB supply chain spatially and intertemporally, thereby increasing the sum of private and social benefits. We develop a framework based on optimal control theory …

Health Care Reform: Perceptions Of Nonmetropolitan Nebraskans, 2013 Nebraska Rural Poll Results, Rebecca J. Vogt, Cheryl A. Burkhart-Kriesel, Randolph L. Cantrell, Bradley Lubben

Nebraska Rural Poll

Most rural Nebraskans currently have health insurance. Only nine percent of rural Nebraskans do not have health insurance while the majority of residents have health insurance through job benefits. These responses are nearly identical to 2004 when this question was last asked.

Persons living in the North Central region, persons with lower household incomes, persons who have never married, persons with lower education levels and persons with food service or personal care occupations are the groups most likely to be uninsured.

Most rural Nebraskans expect to have health insurance next year. Only two percent of residents do not plan on …

International Trade And Investments In The Philippines: Some Policy Issues And Implications For Further Research, Angelo B. Taningco

Angelo King Institute for Economic and Business Studies (AKI)

The Philippines has embarked on domestic economic reforms and the promotion of regional economic integration and multilateral trade liberalization with the purpose of strengthening international trade and investment. The National Economic and Development Authority (NEDA), in its Philippine Development Plan 2011-2016, has enunciated strategies that aim to improve the competitiveness of the domestic economy’s industrial and services sectors and narrow the country’s infrastructure gaps. In 2007, the Philippines, together with other Association of Southeast Asian Nation (ASEAN) countries adopted the ASEAN Economic Community (AEC) Blueprint, with the countries agreeing to accelerate the transformation of the region to an AEC—a region …

North Dakota’S Oil Boom And Its Effect On North Dakota Politics, Nick "Nick" Nelson

Political Science Theses and Capstones

North Dakota’s oil boom is causing some of its countries to experience significant population increases. I study the effect this is having on the politics of North Dakota. To assess the effect of increased oil production on the population of counties and its effect on the politics of those counties I gathered statistics at the county level in the areas of oil production, populations including total, black, Hispanic, white, and male populations, and voting behavior (Republican or Democrat) from the United State Census, the North Dakota Secretary of State, and the North Dakota Industrial Commission, Department of Natural Resources. My …

Impact Estimates For Static Spatial Panel Data Models In R, Gianfranco Piras

Regional Research Institute Working Papers

In the present note we demonstrate how to implement the Lee and Yu (2010) procedure for fixed effects spatial panel data models available from the R (R Development Core Team 2012) package splm (Millo and Piras 2012). Additionally, we also show how to compute the impact estimates introduced by Kelejian, Tavlas, and Hondroyiannis (2006) and formalized in LeSage and Pace (2009). Unlike Matlab (MATLAB 2011), there was no R function specific to static panel data models for the calculation of the impact measures. After receiving numerous requests from the users of splm, we decided to extend the cross sectional functions …

The State Of The Region: Hampton Roads 2013, James V. Koch, Vinod Agarwal, Kelly Brown, Chris Colburn, Vicky Curtis, Steve Daniel, Elizabeth Janik, Lian Feng, Sharon Lomax, Molinaro Janet, Ken Plum, Ayush Toolsidass, Gary Wagner, Shara Weber, Gilbert Yochum

Economics Faculty Books

This is Old Dominion University's 14th 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 or it's president, John R. Broderick. The report maintains the goal of stimulating thought and discussion that ultimately will make Hampton Roads an even better place to live. We are proud of our region's many successes, but realize that it is possible to improve our performance. In order to do so, we must have accurate information about "where we are" and a …

Disinvestment And Suburban Decline, Robert Streetar

School of Business Student Theses and Dissertations

Beginning in the mid-1970s, U.S. suburbs started to experience many of the same problems typically associated with earlier inner-city decline including accelerating income decline, increasing family poverty, falling housing prices, growing income polarization, escalating crime, and increasing racial and ethnic diversity.

Conventional wisdom often lays the blame for neighborhood decline on who moves in and who moves out. This is understandable, as neighborhood migration is easily observable. It is the hypothesis of this research, though, that the less visible disinvestment of capital from suburban neighborhoods is an initial cause of suburban decline that precedes and coincides with the more observable …

The Future Of State And Local Economic Development Policy: What Research Is Needed?, Timothy J. Bartik

Presentations

No abstract provided.

Economic Impact Of Agriculture On South Dakota, Gary Taylor

Economics Commentator (1972- 2016)

No abstract provided.

The Economic Impact Of Latin American & Other Immigrants Iowa, Nebraska And The Omaha-Council Bluffs Metropolitan Area, Christopher Decker, Jerry Deichert, Lourdes Gouveia

Latino/Latin American Studies Reports

Although recent research from the Pew Hispanic Center suggests that the rate of recent immigration to the United States has slowed considerably, other studies clearly show that immigrants make substantial economic contributions to the communities in which they settle.

This report focuses attention on the quantitative economic impact of first-generation, foreign-born individuals on the Omaha-Council Bluffs economy as well as the Nebraska and Iowa state economies in 2010.

The Continuing Saga Of Globalism: Comparing Ethiopia’S Developmental State Strategies To Those Of Malaysia, Asayehgn Desta

Collected Faculty Scholarship

Using the conceptual framework of a developmental state, forwarded by the Economic Commission for Africa, it was found that Ethiopia’s democratic developmental state is unique and operates differently from the Malaysian developmental state model. Economically, Ethiopia has recorded staggering economic growth since it adopted the developmental state. The Malaysian developmental state was developed to be market-oriented and as a result Malaysia’s GDP grew at 5.23 percent from 2005-2011. Malaysia’s incidence of poverty declined from 49% in 1970 to less than 5% in 2000. Ethiopia has focused on a planned developmental state, without speeding the direction of industrialization, and has achieved …

Borderplex Economic Outlook: 2012-2014, Thomas M. Fullerton Jr., Adam G. Walke

Border Region Modeling Project

No abstract provided.

Dinámica Del Consumo De Gasolina En Ciudad Juárez: 2001 - 2009, Thomas M. Fullerton Jr., Gabriel Múnoz Sapien, Martha Patricia Barraza De Anda, Lisbeily Domínguez Ruvalcaba

Border Region Modeling Project

This research analyzes short-run gasoline consumption dynamics in Ciudad Juárez, Chihuahua, México. Parameter estimation is carried out using linear transfer function ARIMA analysis. This market is of interest because it is influenced by regional, national, and international economic conditions due to its location on the border with the United States. Explanatory variables that satisfy the significance criterion include the real price of gasoline in Ciudad Juárez, the price of gasoline in Ciudad Juárez relative to that charged across the border in El Paso, Texas, USA, and formal sector employment in Ciudad Juárez. Sample data are for January 2001 to December …