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  • Articles  (12,595)
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  • 1
    Electronic Resource
    Electronic Resource
    Boston, USA and Oxford, UK : Blackwell Publishing Ltd
    Growth and change 33 (2002), S. 0 
    ISSN: 1468-2257
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: This paper examines the evolution of patent activities across U.S. states from 1963 to 1997. Several patterns are uncovered. First, there is invention catch-up by some lagging states. Second, the evidence is consistent with knowledge diffusion. Third, leading states unable to reinvent themselves lose their leads. Fourth, catch-up can be across a diverse field of activities or focused on select activities. State patent growth is positively correlated to industry R&D and a variable capturing labor skill and infrastructure quality. These provide rationale for state policy makers to increase support to programs that enhance labor skill (e.g., education) and infrastructure quality.
    Type of Medium: Electronic Resource
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  • 2
    Electronic Resource
    Electronic Resource
    Boston, USA and Oxford, UK : Blackwell Publishing Ltd
    Growth and change 33 (2002), S. 0 
    ISSN: 1468-2257
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: Economic impact studies overestimate the direct impact of an airport on travelers' expenditures. This occurs for two reasons. First, impact studies assume that the number of visitors traveling to the local area via the airport would fall to zero in the absence of the airport. Second, impact studies implicitly assume that local residents would continue to travel outside the local area in the same numbers as when the local airport is available. In other words, it is assumed that the demand for travel into the local area by visitors is perfectly elastic with respect to the time and money costs of travel, while the demand for travel by local residents is perfectly inelastic with respect to these variables. This paper develops a methodology that avoids both of these sources of error by explicitly incorporating air travel demand into the analysis. The methodology is applied to Tampa International Airport for the year 1996. It is shown that using the standard methodology would have resulted in an estimate of direct impacts sixteen times the size of the estimate made by using the methodology of this paper.
    Type of Medium: Electronic Resource
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  • 3
    Electronic Resource
    Electronic Resource
    Boston, USA and Oxford, UK : Blackwell Publishing Ltd
    Growth and change 33 (2002), S. 0 
    ISSN: 1468-2257
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: Book reviewed:Sumila Gulyani, Innovating with Infrastructure: The Automobile industry in India
    Type of Medium: Electronic Resource
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  • 4
    Electronic Resource
    Electronic Resource
    Boston, USA and Oxford, UK : Blackwell Publishing Ltd
    Growth and change 33 (2002), S. 0 
    ISSN: 1468-2257
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: Despite the prevalence of multiple jobholding, there is relatively little research into its causes. Existing research has tested the predictions of standard labor models with micro data. Yet, there has been virtually no research into the relationship between moonlighting and structural differences in regional labor markets such as wages and employment growth. In this manner, this study examines the large differences in multiple jobholding rates across U.S. states. The findings indicate that multiple jobholding acts as a short-term shock absorber to cyclical changes. However, in the long-term, these effects dissipate, indicating that moonlighting plays a similar role as do changes in unemployment and labor-force participation to regional labor market shocks. Conversely, multiple jobholding rates are inversely related to average weekly earnings. Thus, job growth accompanied by real wage (and productivity) growth may result in a decline in multiple jobholding, further exacerbating potential labor shortages. Other key factors found to influence multiple jobholding include occupational structure and education.
    Type of Medium: Electronic Resource
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  • 5
    Electronic Resource
    Electronic Resource
    Boston, USA and Oxford, UK : Blackwell Publishing Ltd
    Growth and change 33 (2002), S. 0 
    ISSN: 1468-2257
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: Many researchers and practitioners agree that evaluation of economic development planning programs is important, although the perspectives on the approaches, methods, and use of results vary widely. Confounding the issue are cases in which development programs have a small number of participants and typical measures such as parametric statistics are not valid. The alternate evaluation technique presented here uses a non-parametric approach, incorporating a control group for comparison purposes. The paper begins with a review of evaluation issues for economic development planning programs, followed by an illustration of the approach suitable for programs with small numbers of participants. It utilizes a case study of a publicly-funded small business incubator program, the Advanced Technology Development Center, located in Atlanta, Georgia. By explaining how the analysis is constructed and the results interpreted, the paper illustrates a potentially useful methodological approach to evaluating community economic development programs.
    Type of Medium: Electronic Resource
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  • 6
    Electronic Resource
    Electronic Resource
    Boston, USA and Oxford, UK : Blackwell Publishing Ltd
    Growth and change 33 (2002), S. 0 
    ISSN: 1468-2257
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: This paper considers the case of Bangkok where, as in many Asian cities, the expansion of urban areas has outpaced the ability of public entities to manage and provide basic services. One potential way to improve the capacity of neighborhoods to assist in provision or improvement in environmental services is to enhance the positive contributions provided by local social networks and social capital. A conceptual framework is presented to explore the role of social networks in environmental management in polluted urban environments. This is followed by a brief description of the methodology and survey instrument used to collect information from a sample of community households in Bangkok and an analysis of the results from this survey regarding environmental practices, community action, and social networks. Some of the results suggest that increasing the number of social interactions that residents of a community experience is associated with increased community participation as, apparently, is increasing knowledge about what happens to waste or waste water after it leaves the community. Local public education efforts that focus on useful knowledge about environmental impacts may well be an effective way to encourage community participation.
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  • 7
    Electronic Resource
    Electronic Resource
    Boston, USA and Oxford, UK : Blackwell Publishing Ltd
    Growth and change 33 (2002), S. 0 
    ISSN: 1468-2257
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Type of Medium: Electronic Resource
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  • 8
    Electronic Resource
    Electronic Resource
    Oxford, UK : Blackwell Publishing Ltd
    Mathematical finance 12 (2002), S. 0 
    ISSN: 1467-9965
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Mathematics , Economics
    Notes: This paper provides a numerically accurate and computationally fast approximation to the prices of European options on coupon-bearing instruments that is applicable to the entire family of affine term structure models. Exploiting the typical shapes of the conditional distributions of the risk factors in affine diffusions, we show that one can reliably compute the relevant probabilities needed for pricing options on coupon-bearing instruments by the same Fourier inversion methods used in the pricing of options on zero-coupon bonds. We apply our theoretical results to the pricing of options on coupon bonds and swaptions, and the calculation of “expected exposures” on swap books. As an empirical illustration, we compute the expected exposures implied by several affine term structure models fit to historical swap yields.
    Type of Medium: Electronic Resource
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  • 9
    Electronic Resource
    Electronic Resource
    Oxford, UK : Blackwell Publishing Ltd
    Mathematical finance 12 (2002), S. 0 
    ISSN: 1467-9965
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Mathematics , Economics
    Notes: We consider the problem of partial hedging of derivative risk in a stochastic volatility environment. It is related to state-dependent utility maximization problems in classical economics. We derive the dual problem from the Legendre transform of the associated Bellman equation and interpret the optimal strategy as the perfect hedging strategy for a modified claim. Under the assumption that volatility is fast mean-reverting and using a singular perturbation analysis, we derive approximate value functions and strategies that are easy to implement and study. The analysis identifies the usual mean historical volatility and the harmonically averaged long-run volatility as important statistics for such optimization problems without further specification of a stochastic volatility model. The approximation can be improved by specifying a model and can be calibrated for the leverage effect from the implied volatility skew. We study the effectiveness of these strategies using simulated stock paths.
    Type of Medium: Electronic Resource
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  • 10
    Electronic Resource
    Electronic Resource
    Oxford, UK : Blackwell Publishing Ltd
    Economic affairs 22 (2002), S. 0 
    ISSN: 1468-0270
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Type of Medium: Electronic Resource
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