36 results on '"REGIONAL economics"'
Search Results
2. Intra-City Business Areas for Principal Cities.
- Author
-
Proudfoot, Malcolm J.
- Subjects
METROPOLITAN areas ,BUSINESS conditions ,CENTRAL business districts ,CONSUMPTION (Economics) ,UNITED States economy, 1918-1945 ,ECONOMIC indicators ,BUSINESS confidence indexes ,DEMOGRAPHY ,REGIONAL economics ,ECONOMICS ,ECONOMIC history - Abstract
The article discusses studies pertaining to U.S. Intra-City Business Areas in the 1930's. The study was designed to determine specific business conditions in various parts of the city. The study revealed four principle types of retail structure. They are the central business district, the outlying business center, the neighborhood business district, and the isolated store cluster. The central business district draws customers from all parts of the city and outlying suburbs. Intra-city business data reveals the relative importance by volume of sales and number of stores of each business area within a given city.
- Published
- 1937
- Full Text
- View/download PDF
3. So why is Uttar Pradesh still poor? Poverty incidence and its correlates.
- Author
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Arora, Akarsh and Singh, S. P.
- Subjects
POVERTY ,INTERREGIONALISM ,CONSUMPTION (Economics) ,REGIONAL economics ,POVERTY reduction - Abstract
Purpose The purpose of this paper is to examine the regional profile of poverty in Uttar Pradesh, one of the most populated and impoverished states of India. It also identifies the factors underlying the inter-regional differences of poverty in the state.Design/methodology/approach Regional estimates have been evaluated by dividing the state into four economically classified regions (Western, Central, Southern, and Eastern), using the unit-level records of two latest available Consumption Expenditure Surveys of NSSO representing the period 2009-2010 and 2011-2012. Poverty has been defined by the latest available Rangarajan Expert Groups’ poverty line and aggregated in terms of headcount ratio and share of below poverty line population. Furthermore, to investigate the correlates of poverty, a survey-based logistic regression has been estimated specifically for each region and for both rural and urban areas.Findings Estimates reveal that though overall poverty in the state has declined, inter-regional poverty trends witness rise in the level of impoverishment particularly in urban Southern Region (SR), rural Eastern Region (ER), and in both rural and urban areas of Central Region. Nevertheless, the inter-regional disparity in poverty has observed a decline; it can further be eliminated if such high poverty reduction in urban ER and rural SR is sustained along with a similar progress in their impoverished counterparts.Originality/value The study recommends that poverty alleviating policies in the state should focus more on reducing the household size, development of socially excluded sub-groups (Scheduled Castes and Other Backward Classes), delivery of basic facilities (education and health care), and enhancement of employment prospects for casual laborers, with special emphasis on identified impoverished regions. [ABSTRACT FROM AUTHOR]
- Published
- 2017
- Full Text
- View/download PDF
4. An evaluation of synthetic household populations for census collection districts created using optimisation techniques
- Author
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Melhuish, Tony, Blake, Marcus, and Day, Susan
- Published
- 2002
5. PRODUCTION-CONSUMPTION PATTERNS OF BEHAVIOUR OF EUROPEAN REGIONS.
- Author
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Kraftová, Ivana and Matěja, Zdeněk
- Subjects
- *
CONSUMPTION (Economics) , *PRODUCTION (Economic theory) , *ECONOMIC convergence , *REGIONAL economics , *GROSS domestic product , *ECONOMIC indicators , *ECONOMIC policy - Abstract
Cohesion policy belongs among the most important fields of EU interests. Its objectives are achieved by many ways with respect to diversity among the European regions at the level of NUTS 2. The aim of this paper is to analyse relevant indicators, and via the evaluation of EU regional policy effectiveness to rewiev difference in the production-consumption patterns of behaviour of European regions; focussing on convergence and variabiliness of these regions. With defined goal in mind, the regions have been classified. To classify the regions, the relational indicator has been created. The relational indicator has been developed as the relationship between the index of relative performance and index of relative consumption sources. The changes of relational indicator, as well as the GDP per capita criterion, have been evaluated in two periods. [ABSTRACT FROM AUTHOR]
- Published
- 2015
6. DEMANDA AGREGADA Y DESIGUALDAD REGIONAL POR GÉNERO EN MÉXICO
- Author
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Joana Cecilia Chapa Cantú and Edgardo Arturo Ayala Gaytán
- Subjects
économie régionale ,equidad ,0211 other engineering and technologies ,02 engineering and technology ,Structural decomposition ,economia regional ,labor income ,lcsh:Economic history and conditions ,gênero ,lcsh:Social Sciences ,Arts and Humanities (miscellaneous) ,0502 economics and business ,Economics ,Input-output model ,gender ,021108 energy ,ingreso laboral ,050207 economics ,equality ,Consumption (economics) ,Government ,Gender equality ,équité ,05 social sciences ,Labor income ,regional economics ,modèle entrées-sorties ,modelo insumo-producto ,revenu professionnel ,igualdade ,Investment (macroeconomics) ,lcsh:H ,ingresso no mercado de trabalho ,economía regional ,modelo insumo-produto ,lcsh:HC10-1085 ,Final demand ,Demographic economics ,General Economics, Econometrics and Finance ,Social Sciences (miscellaneous) ,género - Abstract
RESUMEN Se propone una técnica de descomposición estructural que permite descomponer el ingreso laboral de hombres y mujeres en cuatro regiones de México, vinculado a una expansión en la demanda final en tres efectos: nacional, regional y tecnológico. Los resultados indican que los multiplicadores del ingreso de las mujeres son relativamente altos en servicios. El consumo del Gobierno es el que impacta más el ingreso de las mujeres; en cambio, la expansión de la inversión favorece más el ingreso de los hombres. Los índices de equidad de género regionales son poco sensibles a expansiones en la demanda final. JEL: C67, R12, J30, J16, D63. ABSTRACT A structural decomposition technique is proposed in order to break down the labor income of men and women in four regions of Mexico, and is linked to a final demand expansion, into three effects: national, regional and technological. The results suggest that labor income multipliers for women are relatively high in services. Government consumption tends to benefit the income of women more, whereas the expansion in investment tends to favor the income of men more. Regional gender equality indices are not sensitive to expansions in the final demand. JEL: C67, R12, J30, J16, D63. RÉSUMÉ Nous proposons une technique de décomposition structurelle qui permet de décomposer le revenu professionnel des hommes et des femmes dans quatre régions du Mexique, lié à une expansion de la demande finale dans trois effets : national, régional et technologique. Les résultats montrent que les multiplicateurs du revenu des femmes sont relativement élevés dans les services. La consommation du Gouvernement est celle qui influence le plus le revenu des femmes ; par contre, l'expansion de l'investissement favorise davantage le revenu des hommes. Les indices régionaux d'équité de genre sont peu sensibles aux expansions dans la demande finale. JEL: C67, R12, J30, J16, D63. RESUMO É proposta uma técnica de decomposição estrutural que permite descompor o ingresso no mercado de trabalho de homens e mulheres em quatro regiões do México, vinculado a uma expansão na demanda final em três efeitos: nacional, regional e tecnológico. Os resultados indicam que os multiplicadores do ingresso das mulheres são relativamente altos no setor de serviços. O consumo do Governo é o que impacta mais no ingresso das mulheres; por outro lado, a expansão do investimento favorece mais o ingresso dos homens. Os índices de igualdade de gênero regionais são pouco sensíveis a expansões na demanda final. JEL: C67, R12, J30, J16, D63.
- Published
- 2019
7. Companies' Role in the Evolution of the Romanian Economy in the Period 2011-2013.
- Author
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BALTAC, Andreea Gabriela and DINCĂ, Zoica
- Subjects
FINANCIAL crises ,CONSUMPTION (Economics) ,REGIONAL economics ,MACROECONOMICS - Abstract
The effects of the international financial and economic crisis have been felt strongly and over the regional economy. The economic crisis in Romania due to wrong macroeconomic policy mix adopted in recent years is mainly a domestic crisis. The main cause is excessive consumption on credit. [ABSTRACT FROM AUTHOR]
- Published
- 2013
8. Regions in Motion -- Breaking the Path.
- Author
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Đokić, Irena
- Subjects
CONFERENCES & conventions ,INVESTMENT banking ,INDUSTRIAL organization (Economic theory) ,REGIONAL economics ,ECONOMIC development ,QUALITY of life ,CONSUMPTION (Economics) - Published
- 2012
9. Turismesatellitregnskab og turisters forbrugsmønstre i Danmark.
- Author
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Zhang, Jie and Hedetoft, Anders
- Subjects
TOURISM ,CONSUMPTION (Economics) ,REGIONAL economics ,FOOD consumption - Abstract
Copyright of Økonomi & Politik is the property of Djøf Forlag and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
- Published
- 2011
10. Sheffield is not Sexy.
- Author
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Mallinder, Stephen
- Subjects
CITIES & towns ,ECONOMIC development ,CONSUMPTION (Economics) ,INFRASTRUCTURE (Economics) ,REGIONAL economics ,SOCIOECONOMIC factors ,HILLSBOROUGH Stadium Disaster, Sheffield, England, 1989 - Abstract
The city of Sheffield's attempts, during the early 1980s, at promoting economic regeneration through popular cultural production were unconsciously suggestive of later creative industries strategies. Post-work economic policies, which became significant to the Blair government a decade later, were evident in urban centres such as Manchester, Liverpool and Sheffield in nascent form. The specificity of Sheffield's socio-economic configuration gave context, not merely to its industrial narrative but also to the city's auditory culture, which was to frame well intended though subsequently flawed strategies for regeneration. Unlike other cities, most notably Manchester, the city's mono-cultural characteristics failed to provide an effective entrepreneurial infrastructure on which to build immediate economic response to economic rationalisation and regional decline. Top-down municipal policies, which embraced the city's popular music, gave centrality to cultural production in response to a deflated regional economy unable, at the time, to sustain rejuvenation through cultural consumption. Such embryonic strategies would subsequently become formalised though creative industry policies developing relationships with local economies as opposed to urban engineering through regional government. [ABSTRACT FROM AUTHOR]
- Published
- 2007
11. REGIONAL SPECIALIZATION, URBAN HIERARCHY, AND COMMUTING COSTS.
- Author
-
Tabuchi, Takatoshi and Thisse, Jacques-François
- Subjects
ECONOMIC geography ,AGGLOMERATION (Materials) ,URBANIZATION ,URBAN economics ,NONTRADED goods ,CONSUMPTION (Economics) ,REGIONAL economics ,COMMUTING ,ECONOMICS - Abstract
We consider an economic geography model of a new genre: All firms and workers are mobile and their agglomeration within a city generates costs through competition on a housing market. In the case of two sectors, contrasted patterns arise. When one good is perfectly mobile, the corresponding industry is partially dispersed whereas the other is agglomerated, thus showing regional specialization. When one sector supplies a nontradeable consumption good, this sector is more agglomerated than the other. The corresponding equilibrium involves an urban hierarchy in that a larger array of varieties of the two goods is produced within the same city. [ABSTRACT FROM AUTHOR]
- Published
- 2006
- Full Text
- View/download PDF
12. What Accounts for the Growth of Carbon Dioxide Emissions in Advanced and Emerging Economies?
- Author
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Gaaitzen J. de Vries, Benno Ferrarini, and Research programme GEM
- Subjects
Consumption (economics) ,Economics and Econometrics ,Natural resource economics ,business.industry ,020209 energy ,Supply chain ,02 engineering and technology ,International trade ,010501 environmental sciences ,01 natural sciences ,Regional economics ,Greenhouse gas ,Energy intensity ,0202 electrical engineering, electronic engineering, information engineering ,Economics ,Production (economics) ,Economic impact analysis ,business ,Emerging markets ,0105 earth and related environmental sciences ,General Environmental Science - Abstract
This paper examines the driving forces behind the growth in carbon dioxide emissions in forty advanced and emerging economies between 1995 and 2008. We use the global supply chain concept introduced in Timmer et al. (2014) to measure CO2 emissions in internationally fragmented production networks and embed the concept in structural decomposition analysis. Our findings suggest that rising levels of domestic consumption are related to increased carbon dioxide emissions in both advanced and emerging economies. A substantial share of CO2 emissions growth in emerging economies is accounted for by increased participation in global supply chains. However, even for countries that rapidly integrated in global production networks, such as China, rising domestic consumption accounts for the majority of territorial emissions.
- Published
- 2017
13. Interregional transfers: A political-economy CGE approach.
- Author
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Groenewold, Nicolaas, Hagger, Alfred J., and Madden, John R.
- Subjects
- *
REGIONAL economics , *PUBLIC welfare , *PER capita , *CONSUMPTION (Economics) , *FEDERAL government , *INTERNAL migration - Abstract
We model the effects of changes in a federal government’s inter-regional transfers within the context of a CGE model of a federal system in which regional governments act to maximise the welfare of the residents of their region subject to the effects of their decision on regional economic outcomes. Regional governments are modelled as players in a non-cooperative game. Simulations are conducted with six versions of a small two-region model, each calibrated for a particular Australian state and the rest of the nation. We show that a change in the level of transfers has little influence on per-capita private consumption, government consumption and welfare, and that its main effect is to induce migration from the donor region to the recipient region. [ABSTRACT FROM AUTHOR]
- Published
- 2003
- Full Text
- View/download PDF
14. Munis Beat USTs After a Hotter-Than-Expected Jobs Report.
- Author
-
LERNER, JESSICA
- Subjects
EMPLOYMENT statistics ,PAYROLLS ,REGIONAL economics ,INTEREST rates ,BOND prices ,CONSUMPTION (Economics) ,UNITED States economy ,MUNICIPAL bonds - Abstract
"While the Fed can take some comfort in stabilizing wage inflation, such strength complicates their calculus as to whether they can pause hiking rates", he said. B of A strategists said there is now a high probability of at least one more rate hike by the FOMC this summer, according to the Fed funds futures, and the first rate cut has been possibly delayed to early 2024, they said. Some have argued for skipping a rate increase at June's Federal Open Market Committee Meeting, while others prefer to continue 25 basis point rate increases, they said. [Extracted from the article]
- Published
- 2023
15. Regional Differences in Consumer Usage of Eggs.
- Author
-
Inman, Deborah and Barker, John
- Subjects
EGG industry ,EGGS ,CONSUMPTION (Economics) ,REGIONAL differences ,REGIONAL economics ,ADVERTISING ,ELASTICITY (Economics) ,CONSUMER attitudes ,SALES promotion - Abstract
This article focuses on the regional differences in consumer usage of eggs. The marketing of any commercial product is beset with problems. Such problems become particularly acute when demand for the product declines over a period of time. One such market is that for eggs. In many cases advertising and promotion have been shown to increase the sales of certain products. Advertising and promotion might, therefore, be considered as a method for halting the decline and possibly increasing the household demand for eggs. One of the major problems of effective advertising is the relevance of the advertising message to the consumer. Increasing the weight of advertising will have little or no effect on sales if the advertising message is not applicable, or memorable to the consumer. From the results of this survey it is evident that consumer usage of eggs, and consequently the relevance of the advertising message, varies regionally, It is therefore suggested that for effective egg advertising the advertisement content should be orientated to each region's unique consumer attitudes and usage of eggs. In the light of this, the two regions will now be considered separately.
- Published
- 1981
- Full Text
- View/download PDF
16. THE EMPLOYMENT SECTOR OF A REGIONAL POLICY SIMULATION MODEL.
- Author
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Treyz, George I., Friedlaender, Ann F., and Stevens, Benjamin H.
- Subjects
LABOR market ,REGIONAL economics ,ECONOMETRIC models ,LABOR demand ,POLICY analysis ,PROFIT ,LABOR supply ,CONSUMPTION (Economics) - Abstract
Despite the rapid development of techniques of regional economic analysis during the past years, most regional models have continued to focus upon selected aspects of the regional economy rather than upon its totality. This disparate collection of partial-equilibrium models generally does not make it possible to determine the full general-equilibrium effects of a given economic change on the total regional economy. The growing need for comprehensive region models for planning and policy analysis suggests that there would be substantial value in having models that synthesize the relevant aspects existing regional economic theory into a single integrated construct. A general equilibrium analysis of direct and indirect effects requires a complete simultaneous model of the regional economy such as the Massachusetts Economic Policy Analysis model for Massachusetts. This model incorporates the relationships between basic accounting and input-output, plus the additional equations necessary to determine the interdependent effects of a factor cost change on employment, wages, income, population, labor force participation, consumption, personal taxes, local government expenditures, and other relevant variables.
- Published
- 1980
- Full Text
- View/download PDF
17. Regional effects of energy price decontrol: the roles of interregional trade, stockholding, and microeconomic incidence.
- Author
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Kalt, Joseph P. and Leone, Robert A.
- Subjects
MICROECONOMICS ,REGIONAL economics ,PRICING ,NATURAL gas ,CONSUMPTION (Economics) ,ECONOMICS - Abstract
Policy debates over energy pricing frequently pit ‘producing states’ against ‘consuming states.’ Such a distinction ignores the fact that ownership of energy-producing and energy-using assets is geographically dispersed, and that trade links regional economies. Incorporating these factors as well as alternative patterns of the incidence of higher gas prices into an analysis of natural gas decontrol reveals a significant influence on the net interregional transfers resulting from decontrol. Apparent ‘consuming’ regions could benefit from gas decontrol, and ‘consuming’ regions generally do not benefit from policies that tax producer windfalls from decontrol and then redistribute the revenues as compensation to gas users. [ABSTRACT FROM AUTHOR]
- Published
- 1986
- Full Text
- View/download PDF
18. Prospects of Mobile Services Development in Russia’s Regions
- Author
-
A. I. Itsikson
- Subjects
Consumption (economics) ,Service (business) ,Regional economics ,business.industry ,Gross Regional Product ,Telecommunications service ,The Internet ,Mobile telephony ,Internet traffic ,business ,Industrial organization - Abstract
The article aims to identify the development directions in Russia’s stagnating mobile communica? tions market, including voice and Internet traffic segments. The methodological basis of the research is theoretical propositions of regional economics; the principal method is the systematisation of empirical facts. The analysis indicates a decrease in demand for telecommunication services in Russian regions. The monitoring of resources of telecommunication services proves the necessity of separate accounting of individuals and legal entities’ consumption, because in case of the former it is necessary to account for average incomes, whereas in the latter case – for gross regional product. On the basis of statistical data of the Federal State Statistics Service and the Ministry of Communications of the Russian Federation the author examines the dynamics of the services development, including the situation with organisation of mobile access to the Internet, and introduces the indicators of mobile Internet traffic consumption and its cost. The created information base allows the researcher to distinguish between consumption of ser? vices by individuals and legal entities separately for voice and Internet traffic and determine quantitative indicators that help compare the level of inequality in different regions of the country. As a result, the paper lists Russia’s regions where it is expedient to promote the services of voice mobile communications and mobile Internet
- Published
- 2018
19. REGIONAL COMMODITY BALANCES AND INTERREGIONAL COMMODITY FLOWS.
- Author
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Isard, Walter
- Subjects
COMMERCIAL products ,PHYSICAL distribution of goods ,CONSUMPTION (Economics) ,INPUT-output analysis ,REGIONAL economics ,EXPORTS ,AGRICULTURE ,INTERNATIONAL trade - Abstract
The main aim of this article is to discuss virtues and limitations of certain operations and results already achieved in interregional and regional input-output analysis and to indicate some of the directions along which exploratory research is now proceeding and tentatively to evaluate its significance. Different lines of agricultural production tend to require different sets of inputs, at least to a limited extent. Hence, per dollar value of agricultural output regional input requirements will differ from one another simply because of difference in composition of agricultural output. The industry which exports most might be the very industry whose production should be discouraged because of its inefficient use of resources and because of falling advantage or mounting disadvantage from a comparative cost standpoint. Or, it may be that imports in an industrial sector in which there is little production and consumption in a given region should be greatly encouraged in order to promote new types of industries in the region which can produce at a definite cost advantage for domestic and export demand.
- Published
- 1953
20. A REPLICABLE MODEL FOR VALUING LOCAL FOOD SYSTEMS
- Author
-
Steven R. Miller, Tom Kalchik, Rich Pirog, Judith Barry, John T. Mann, and Michael W. Hamm
- Subjects
Estimation ,Consumption (economics) ,Economics and Econometrics ,Regional economics ,business.industry ,Value (economics) ,Food processing ,Economics ,Economic contribution ,Food systems ,Environmental economics ,business ,Agricultural and Biological Sciences (miscellaneous) - Abstract
We use the underlying data of the IMPLAN Pro 3.0 regional economic simulation model to estimate the current economic contribution of Michigan's local food system and explore the chain of transactions giving rise to consumption of locally sourced goods from producer to processor to consumption. The proposed methodology includes both unprocessed and processed foods in the estimation of the local food system's economic value. The model also provides a replicable and consistent approach to estimating the value of local food systems within regional and state economies.
- Published
- 2015
21. Munis Outperform UST Selloff After GDP Shows Slower Growth.
- Author
-
LERNER, JESSICA
- Subjects
BOND funds ,MUNICIPAL bonds ,REGIONAL economics ,CONSUMPTION (Economics) ,ECONOMIC statistics ,UNITED States economy ,BOND market ,BOND prices - Abstract
Municipals were weaker across the curve Thursday with the largest cuts seen on the front end, but outperformed a U.S. Treasury selloff following economic data that showed the growth in the U.S. economy slowed in the first quarter. Munis have "gotten so expensive, particularly on the short end", said Jeff Lipton, managing director of credit research at Oppenheimer Inc. "We did see the Treasury market sell-off, and the muni market finally capitulated to the cyclical lows, on the relative value ratios", he said. [Extracted from the article]
- Published
- 2023
22. Input–output analyses of the pollution content of intra- and inter-national trade flows
- Author
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Cathy Xin Cui, Geoffrey J. D. Hewings, Soo Jung Ha, and Karen Turner
- Subjects
Pollution ,Consumption (economics) ,History ,Input/output (C++) ,Accounting method ,Natural resource economics ,media_common.quotation_subject ,Air pollution ,General Social Sciences ,medicine.disease_cause ,Regional economics ,medicine ,Economics ,Production (economics) ,media_common - Abstract
This paper considers the application of input–output accounting methods to consider the pollution implications of different production and consumption activities, with specific focus on pollution embodied in intra- and inter-national trade flows. It considers the illustrative case studies of production and consumption measures of emissions and pollution embodied in interregional trade flows between two regions of the UK and between five Midwest regions/states within the United States. The analysis raises questions in terms of policy reliance on the extremes of conventional production and consumption accounting measures and considers a range of alternative measures that may be calculated using input–output methods to provide different informational content. The paper focuses on different types of air pollutant of current policy concern in each the UK and the US Midwest cases and demonstrates how use of the environmental input–output framework allows the analysis of the nature and significance of interregio...
- Published
- 2012
23. Regional Labor Market Adjustments in the United States
- Author
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Davide Furceri, Prakash Loungani, and Mai Dao
- Subjects
Consumption (economics) ,Labor mobility ,Foreign exchange ,Labor markets ,Labor demand ,Migrations ,Regional shocks ,Regional economics ,Unemployment ,United States ,Interstate migration, regional labor markets, labor, employment, employment growth, labor market, General, General ,media_common.quotation_subject ,Net migration rate ,Great recession ,Demand shock ,Economics ,General Earth and Planetary Sciences ,Demographic economics ,General Environmental Science ,media_common - Abstract
We examine patterns of regional adjustments to shocks in the US during the past four decades. We find that the response of interstate migration to relative labor market conditions has decreased, while the role of the unemployment rate as absorber of regional shocks has increased. However, the response of net migration to regional shocks is stronger during aggregate downturns and increased particularly during the Great Recession. We offer a potential explanation for the cyclical pattern of migration response based on the variation in consumption risk sharing.
- Published
- 2014
24. Muni Bond Yields Hit Levels Not Seen Since Early April 2020.
- Author
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LERNER, JESSICA and SIEGEL, GARY
- Subjects
BONDS (Finance) ,BUSINESS cycles ,REGIONAL economics ,BULL markets ,CONSUMPTION (Economics) ,BOND market ,MARKET volatility ,MUNICIPAL bonds - Abstract
Municipal yields rose double digits Friday bringing levels to highs not seen since early April 2020. "While we expect muni to Treasury ratios to rise with the Fed moves, if the policy actions go at a measured pace, munis still should be well positioned relative to Treasuries.". [Extracted from the article]
- Published
- 2022
25. The Introduction of Dynamic Features in a Random-Utility-Based Multiregional Input-Output Model of Trade, Production, and Location Choice
- Author
-
Tian Huang and Kara M. Kockelman
- Subjects
Consumption (economics) ,050210 logistics & transportation ,Transportation planning ,Input–output model ,Utility theory ,05 social sciences ,Location theory ,Public Economics ,Microeconomics ,Regional economics ,0502 economics and business ,8. Economic growth ,Economics ,Production (economics) ,InformationSystems_MISCELLANEOUS ,050207 economics ,Multinomial logistic regression - Abstract
This study introduces dynamic features into the random-utility-based multiregional input-output (RUBMRIO) model. The RUBMRIO model predicts interzonal trade and travel patterns, as well as business and household location choices, using consumption and production process data. It equilibrates production and trade, labor markets, and transportation networks simultaneously. Multinomial logit models predict the origins of productive inputs, including commute behaviors (for the input of labor). With household locations and expenditures/incomes relatively well-known for the very near future, one can predict current trade patterns by making household consumption, as well as (foreign and domestic) export demands, exogenous to the model, resulting in short-term predictions. The long-run equilibrium, wherein household locations and consumption patterns are endogenous, will differ from this short-term solution.
- Published
- 2010
26. Spatial equity analysis on expressway network development in Japan: Empirical approach using the spatial computable general equilibrium model RAEM-light
- Author
-
Keisuke Sato, Atsushi Koike, Lori Tavasszy, and TNO Bouw en Ondergrond
- Subjects
Consumption (economics) ,Computable general equilibrium ,Economic growth ,Computer science ,business.industry ,Mechanical Engineering ,Equity (finance) ,Distribution (economics) ,TrafficOperations Research ,Demand forecasting ,Regional economics ,Econometrics ,Production (economics) ,Economic impact analysis ,Rural area ,business ,Civil and Structural Engineering - Abstract
The authors apply the RAEM-Light model to analyze the distribution of social benefits from expressway network projects from the viewpoint of spatial equity. The RAEM-Light model has some innovative features. The spatial behavior of producers and consumers is explicitly described and is endogenously determined by using econometric production and consumption functions. This model applies a slightly different concept than the traditional spatial computable general equilibrium model that does not depend on the input–output data. It is therefore well suited for analyzing detailed areas for which official input–output data are not available (i.e., its zones are subdivided into a neighborhood area level). In this paper, the authors analyze two expressway network scenarios. In Scenario 1, the regional economic impacts from the present expressway network are simulated. In this base case simulation, it is concluded that the present expressway network has a low score on spatial equity, in particular because of negative impacts on rural areas. In Scenario 2, the authors analyze the present and future expressway network case in rural areas. As compared with Scenario 1, negative impacts from the implementation of the expressway network are reduced, especially in rural areas. This comparative analysis quantified the effectiveness of the two network structures from the viewpoint of spatial equity. Theoretically and quantitatively comprehensive studies from the viewpoint of spatial equity on the effects of infrastructure development have not yet been sufficiently conducted; however, the results of the comparative analysis are promising for an economic assessment of the expressway networks from the point of spatial equity.
- Published
- 2009
27. Does consumer sentiment predict regional consumption?
- Author
-
Thomas A. Garrett, Rubén Hernández-Murillo, and Michael T. Owyang
- Subjects
Consumption (economics) ,Microeconomics ,Regional economics ,Financial economics ,Consumer spending ,Consumer behavior ,Consumption (Economics) ,Business cycle ,Economics ,Predictive power ,Consumer confidence index ,Explanatory power ,Economic indicators ,Consumer behaviour - Abstract
This paper tests the ability of consumer sentiment to predict retail spending at the state level. The results here suggest that, although there is a significant relationship between consumer sentiment measures and retail sales growth in several states, consumer sentiment exhibits only modest predictive power for future changes in retail spending. Measures of consumer sentiment, however, contain additional explanatory power beyond the information available in other indicators. By restricting attention to fluctuations in retail sales that occur at the business cycle frequency, the authors uncover a significant relationship between consumer sentiment and retail sales growth in many additional states. In light of these results, the authors conclude that the practical value of sentiment indices to forecast consumer spending at the state level is, at best, limited. Federal Reserve Bank of St. Louis Review, March/April 2004, 87 (2, Part 1), pp. 123-35.
- Published
- 2004
28. China’s Path to Consumer-Based Growth: Reorienting Investment and Enhancing Efficiency
- Author
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Liu Xueyan, Murtaza H Syed, and Il Houng Lee
- Subjects
Consumption (economics) ,Industrialisation ,Market economy ,Consumption function ,General Earth and Planetary Sciences ,Household income ,Real estate ,Business ,Asset (economics) ,Investment (macroeconomics) ,China ,Economic growth ,Investment ,Private consumption ,Regional economics ,Rebalancing, household income, consumption growth, consumption function, consumption over time, General, Analysis of Growth, Development, and Changes, Size and Spatial Distributions of Regional Economic Activity ,General Environmental Science ,Market liquidity - Abstract
This paper proposes a possible framework for identifying excessive investment. Based on this method, it finds evidence that some types of investment are becoming excessive in China, particularly in inland provinces. In these regions, private consumption has on average become more dependent on investment (rather than vice versa) and the impact is relatively short-lived, necessitating ever higher levels of investment to maintain economic activity. By contrast, private consumption has become more self-sustaining in coastal provinces, in large part because investment here tends to benefit household incomes more than corporates. If existing trends continue, valuable resources could be wasted at a time when China’s ability to finance investment is facing increasing constraints due to dwindling land, labor, and government resources and becoming more reliant on liquidity expansion, with attendant risks of financial instability and asset bubbles. Thus, investment should not be indiscriminately directed toward urbanization or industrialization of Western regions but shifted toward sectors with greater and more lasting spillovers to household income and consumption. In this context, investment in agriculture and services is found to be superior to that in manufacturing and real estate. Financial reform would facilitate such a reorientation, helping China to enhance capital efficiency and keep growth buoyant even as aggregate investment is lowered to sustainable levels.
- Published
- 2013
29. Comments.
- Author
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Perry, Richard and Maurer, Bill
- Subjects
- *
ECONOMICS , *CULTURAL fusion , *CONSUMPTION (Economics) , *CAPITALISM , *SOCIOLOGY , *DEVELOPMENT economics , *REGIONAL economics - Abstract
The authors comment on Mayfair Mei-hui Yang's article on economic hybridity, ritual expenditures and Georges Bataille's concept of "general economy." They present queries about the models presented focusing on the Yang's sources of theoretical inspiration and not her use of them. They question whether Bataille's vision of capitalism is not itself caught in capitalism's self-mythologization as a desacralized and productivist space and worry about the slippage between the linguistic and the biological notion of hybridity.
- Published
- 2000
30. Comments.
- Author
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Rofel, Lisa
- Subjects
- *
ECONOMICS , *CULTURAL fusion , *CONSUMPTION (Economics) , *CAPITALISM , *SOCIOLOGY , *REGIONAL economics , *SOCIAL change - Abstract
The author comments on Mayfair Mei-hui Yang's article on economic hybridity, ritual expenditures and Georges Bataille's concept of "general economy." She states that the article provides a provocative argument about local cultural autonomy, subversions of global capitalism as well as the complexities of socioeconomic and cultural transformations in China. She asserts that culture in Wenzhou is positioned within a field of inequalities and as readily manifested in conflict and fragmentation as in order and stability.
- Published
- 2000
31. Comments.
- Author
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Gibson-Graham, J. K.
- Subjects
- *
ECONOMICS , *CULTURAL fusion , *CONSUMPTION (Economics) , *SOCIOLOGY , *CAPITALISM , *DEVELOPMENT economics , *REGIONAL economics - Abstract
The author comments on Mayfair Mei-hui Yang's article on economic hybridity, ritual expenditures and Georges Bataille's concept of "general economy." He states that religious practice and the ritual expenditure on spectacular performances of sacrifice and destruction are not activities usually associated with rapid regional economic development. He asserts that the paper did not unfold stories of religious squandering, general sacrifice, indulgent consumption and tomb building into the dominant narrative of global capitalist penetration. What Yang aimed to confront in her search for new conceptual vocabularies is the lingering influence of economic determinism.
- Published
- 2000
32. The Relationship Between Illicit Coca Production and Formal Economic Activity in Peru
- Author
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Peter Pedroni and Concha Verdugo Yepes
- Subjects
Consumption (economics) ,Latin Americans ,Cointegration ,biology ,biology.organism_classification ,Coca ,Crowds ,Regional economics ,Development economics ,General Earth and Planetary Sciences ,Production (economics) ,Business ,Economic impact analysis ,General Environmental Science - Abstract
This paper investigates the relationship between unrecorded economic activity associated with the production of illicit coca and formally recorded economic activity in Peru. It does so by attempting to construct new regional level estimates for coca production and by implementing recently developed panel time series methods that are robust to regional heterogeneity and unobserved regional inter-dependencies. The paper finds that on balance illicit coca production crowds out formal sector production at the regional level, regardless of whether unanticipated changes occur nationally or regionally. However, total output nevertheless increases, since formal sector production is crowded out less than one for one.
- Published
- 2011
33. Input-output Analysis on the Contribution of Logistics Park Construction to Regional Economic Development
- Author
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Qian Dai and Jiaqi Yang
- Subjects
Consumption (economics) ,Economic growth ,Input–output model ,media_common.quotation_subject ,Logistics Park ,Regional Economy ,Economies of scale ,Input-output Analysis ,Dominance (economics) ,Regional economics ,Service (economics) ,Value (economics) ,Economics ,Contribution ,General Materials Science ,Circulation (currency) ,media_common - Abstract
Logistics Park, as a significant node of modern logistics system and a cluster of logistics industry, has already been considered as a new potential increasing point intended for promoting the progress of urban and regional economics. From the perspective of growth pole theory under the regional economic theory, this paper indicates that the logistics park will be a growth pole for certain cities or regions. Not merely will it form a strong economy of scale, the logistics park will also cast a progressive influence to other economic industries through dominance effect, multiplier effect and polarization-diffusion effect. Taking the modern circulation service base of Chizhou as an example, the direct and indirect economic contribution is calculated by Input-output analysis in the paper. At the end, it can be concluded that every single yuan invested by the construction of the modern logistics service base project in Chizhou will have a 16.7 yuan contribution equivalent in its GDP, with direct contribution value added 0.4 yuan and indirect one 16.3 yuan. In the latter, the values added of backward pulling contribution, forward pushing contribution and consumption stimulation contribution are 0.6 yuan, 7.38 yuan and 8.32 yuan respectively.
- Full Text
- View/download PDF
34. Industrial Output and Housing Add to Optimism on Economy.
- Subjects
- *
ECONOMIC indicators , *REGIONAL economics , *INDUSTRIAL productivity , *ECONOMIC recovery , *CONSUMPTION (Economics) , *PRICES , *RESIDENTIAL real estate , *MANUFACTURED products ,UNITED States economy, 2001-2009 - Abstract
Discusses the Federal Reserve reports concerning regional economic conditions and U.S. economic performance as of May 2004. Largest industrial production growth since August 1998; Widespread strength showed by a nationwide survey of business activity; Indication of momentum in the economic recovery; Modest increases in consumption prices; Retailing, manufacturing and residential real estate markets.
- Published
- 2004
35. The Migration–Development Nexus: New Perspectives and Challenges
- Author
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Tüzin Baycan and Peter Nijkamp
- Subjects
Microeconomics ,Consumption (economics) ,ComputingMilieux_GENERAL ,Economic growth ,Development studies ,Regional economics ,Value (economics) ,Economics ,Production (economics) ,Social Welfare ,Nexus (standard) ,Human capital ,Development Studies, Economics and Finance, Social Policy and Sociology, Urban and Regional Studies - Abstract
We provide the first theoretical analysis of the effects of human capital use, innovative activity, and patent protection, on economic growth in a model with many regions. In each region, consumers have constant relative risk-aversion preferences, there is no human capital growth, and there are three kinds of manufacturing activities involving the production of blueprints for inputs (machines), the inputs themselves, and a single final consumption good. Our analysis generates four results. For any given region, we first describe the balanced growth path (BGP) equilibrium and show that the BGP growth rate depends negatively on the rate at which patents expire. Second, we characterize the transitional dynamics in our model. Third, we determine the value of the patent expiry rate that maximizes the equilibrium growth rate of a region. Finally, we show that a policy of offering perpetual patent protection does not necessarily maximize social welfare in a region. © 2013 Copyright Taylor and Francis Group, LLC.
36. Regional: Thai growth to buck regional trend in 2008; China to decline.
- Subjects
- *
REGIONAL economics , *CONSUMPTION (Economics) , *INVESTMENTS ,THAI economy - Abstract
The article focuses on the latest six-month review of regional economies conducted by the World Bank which states that growth in Thailand will increase slightly in 2008, compared to neighbouring countries and the region as a whole. The report also predicts five percent growth in Thailand for 2008 despite the weakening of private consumption and investment. On the other hand, the growth in Southeast Asia is projected to drop 5.6 percent from 2007.
- Published
- 2008
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