Trafford and Wigan and the cities of Manchester and Salford. This is equivalent to the former Gre... more Trafford and Wigan and the cities of Manchester and Salford. This is equivalent to the former Greater Manchester metropolitan county. The present population of Greater Manchester is about 2.6 million people. The broader "travel to work area" of the whole conurbation comprises more than 5 million people (AGMA, 2008a). The priority targets for the Manchester MAA are: employment, skills and raising wage income (DCLG, 2008a). 2 Since the Greater Manchester Innovation Prospectus is targeted at a wide audience, it should probably include a concise statement as to the why innovation is important to the Manchester city-region.
The author reviews the use of incentives under North Carolina's William S. Lee Tax Act, sayin... more The author reviews the use of incentives under North Carolina's William S. Lee Tax Act, saying that a few dozen firms, at most, account for two-thirds of the credits given. The author also suggests that only around 4 percent of the jobs claimed to be created because of the Lee Act incentives actually were induced by them.
Most studies of federal investment incentives are limited to those policies' effects on capital f... more Most studies of federal investment incentives are limited to those policies' effects on capital formation. This paper departs from this tradition by examining the employment consequences, in general, and by industry and metropolitan area. In particular, it asks whether the accelerated depreciation allowance and investment tax credit: (1) generally displace more jobs (via the substitution effect) than they create (via the scale effect), (2) affect the overall employment situation in some metropolitan areas more than in others, and (3) help reallocate jobs across industries and metropolitan areas. Using data from Los Angeles and Philadelphia in two production models, the paper concludes that each of these outcomes is likely, though (2) depends on metropolitan areas' particular mixes of industries. *The author is grateful to an anonymous referee for comments and to the U.S. Department of Labor, Employment and Training Administration, for financial support under grant no. 21-37-82-19. The views expressed are the author's and should not be attributed to the Department of Labor. IFor example, compare Hall and Jorgenson (1967, 1971) and Eisner (1973). These are two of many studies on the topic. Luger (1981) provides a review of much of this literature.
This paper employs a micro-based model using firm-level data to estimate the importance of embodi... more This paper employs a micro-based model using firm-level data to estimate the importance of embodied technological progress, technology-related producer inputs, and regional factors for production growth in the computer-electronics sector. We estimate the model using ordinary least squares with different specifications to test for returns-to-scale. Parameter values are used to estimate the contribution of several groups of inputs to output growth. Mostly, the signs and magnitudes of the empirical results conform to expectations. In addition, the growth of R&D investments significantly affects production growth. Moreover, firms' decision to keep their capital stock young by replacing older equipment frequently contributes significantly to production growth, largely because there is a negative relationship between the level of embodied technology and the age of capital. Similarly, technology embodied in labor, at least in terms of increases in the educational attainment (but not experience) of professionals, contributes to production growth. Finally, improvements in regions' 'milieu'-particularly in the levels of consumer services and regional amenities-affects production growth. Our measure of agglomeration economies (incorporating technological spillovers and localization effects) appears to exert a negative influence on production growth, signifying that congestion and other diseconomies associated with sector size in a given region more than offset the growth impulse for this sample. Growth in producer services does not seem to affect production growth, though the level presumably does.
Journal of the American Planning Association, 1984
ABSTRACT This article evaluates recent high-tech economic development programs used in North Caro... more ABSTRACT This article evaluates recent high-tech economic development programs used in North Carolina in terms of their cost-effectiveness and their likely contribution to higher wages, more jobs, greater employment stability, and regionally balanced development. It concludes that although North Carolina's high-tech economic development strategy often is cited as exemplary, it is not likely to achieve its development goals, mainly because it overemphasizes recruitment of industries. The article recommends a more even approach to economic development that emphasizes programs that are cost-effective and are aimed at existing traditional and emerging new businesses.
This paper examines the effect of proposed tax reform on interjurisdictional household mobility. ... more This paper examines the effect of proposed tax reform on interjurisdictional household mobility. Specifically, it shows how the elimination of state and local tax deductibility and tax rate reductions would affect total tax liability for two groups of otherwise identical taxpayers, located in twenty different jurisdictions, and then discusses the likely mobility responses. The paper concludes that proposed tax reform would widen tax liability gaps between high and low tax jurisdictions, especially for young and wealthy taxpayers. The resulting "mobility impulse" would be substantial, especially between neighboring jurisdictions. Actual mobility would depend, however, on a host of complicating factors that are discussed. Whether or not the mobility impulse translates into actual mobility, tax reform would create problems for high tax jurisdictions. 8 1988 Academic Press. Inc.
We develop a methodology to estimate the potential economic benefits from new investments in regi... more We develop a methodology to estimate the potential economic benefits from new investments in regional coastal ocean observing systems in US waters, and apply this methodology to generate preliminary estimates of such benefits. The approach focuses on potential economic benefits from coastal ocean observing information within ten geographic regions encompassing all coastal waters of the United States, and within a wide range of industrial and recreational activities including recreational fishing and boating, beach recreation, maritime transportation, search and rescue operations, spill response, marine hazards prediction, offshore energy, power generation, and commercial fishing.
... Contents Preface, xv Acknowledgments, xix Chapter 1 Introduction, i An Overview of the Popula... more ... Contents Preface, xv Acknowledgments, xix Chapter 1 Introduction, i An Overview of the Population of Research Parks, I Definition of Research Parks, 5 Principal Study Methods, 5 Chapter 2 Research Parks and Regional Economic Development: Theoretical Expectations, ...
Http Dx Doi Org 10 1080 01944369308975897, Nov 26, 2007
ABSTRACT In response to the elimination of federally assisted housing production and sharp rises ... more ABSTRACT In response to the elimination of federally assisted housing production and sharp rises in relative housing costs, local governments throughout the United States have taken a more active role in providing low- and moderate-income housing, particularly home ownership assistance. Designing efficient home ownership programs poses significant challenges to localities because of the layered subsidies and complicated financing, and the often conflicting objectives they are intended to achieve. This article shows how the use of an analytic model helped Chapel Hill, North Carolina, restructure its home ownership program to meet specific goals.
... Contents Preface, xv Acknowledgments, xix Chapter 1 Introduction, i An Overview of the Popula... more ... Contents Preface, xv Acknowledgments, xix Chapter 1 Introduction, i An Overview of the Population of Research Parks, I Definition of Research Parks, 5 Principal Study Methods, 5 Chapter 2 Research Parks and Regional Economic Development: Theoretical Expectations, ...
Sound archives have been massively digitalized in the past twenty years. We are also witnessing t... more Sound archives have been massively digitalized in the past twenty years. We are also witnessing that many of them are becoming available on-line. The emergence of the web, and its evolution towards the semantic web opens a new phase for the publication of digital archives. The data and assets they contain can be made available in a structured way, providing
Economic developers at the local and state levels have increasingly used cost-of-doing-business s... more Economic developers at the local and state levels have increasingly used cost-of-doing-business studies to compare their jurisdictions against others. The cost of doing business is enormously difficult to demonstrate in practice because: (1) there are many different types of business costs, many of which are difficult to measure; (2) in making their location choices, businesses take into account more than direct cost differences; and (3) businesses often behave in a dynamic way and either change how they operate to accommodate cost increases or accept some high costs if there are compensating lower costs or benefit payoffs in a particular location. This paper shows that the data and methods used in typical cost-of-doing-business studies are flawed and incomplete and therefore the implications of the studies are misleading.
Trafford and Wigan and the cities of Manchester and Salford. This is equivalent to the former Gre... more Trafford and Wigan and the cities of Manchester and Salford. This is equivalent to the former Greater Manchester metropolitan county. The present population of Greater Manchester is about 2.6 million people. The broader "travel to work area" of the whole conurbation comprises more than 5 million people (AGMA, 2008a). The priority targets for the Manchester MAA are: employment, skills and raising wage income (DCLG, 2008a). 2 Since the Greater Manchester Innovation Prospectus is targeted at a wide audience, it should probably include a concise statement as to the why innovation is important to the Manchester city-region.
The author reviews the use of incentives under North Carolina's William S. Lee Tax Act, sayin... more The author reviews the use of incentives under North Carolina's William S. Lee Tax Act, saying that a few dozen firms, at most, account for two-thirds of the credits given. The author also suggests that only around 4 percent of the jobs claimed to be created because of the Lee Act incentives actually were induced by them.
Most studies of federal investment incentives are limited to those policies' effects on capital f... more Most studies of federal investment incentives are limited to those policies' effects on capital formation. This paper departs from this tradition by examining the employment consequences, in general, and by industry and metropolitan area. In particular, it asks whether the accelerated depreciation allowance and investment tax credit: (1) generally displace more jobs (via the substitution effect) than they create (via the scale effect), (2) affect the overall employment situation in some metropolitan areas more than in others, and (3) help reallocate jobs across industries and metropolitan areas. Using data from Los Angeles and Philadelphia in two production models, the paper concludes that each of these outcomes is likely, though (2) depends on metropolitan areas' particular mixes of industries. *The author is grateful to an anonymous referee for comments and to the U.S. Department of Labor, Employment and Training Administration, for financial support under grant no. 21-37-82-19. The views expressed are the author's and should not be attributed to the Department of Labor. IFor example, compare Hall and Jorgenson (1967, 1971) and Eisner (1973). These are two of many studies on the topic. Luger (1981) provides a review of much of this literature.
This paper employs a micro-based model using firm-level data to estimate the importance of embodi... more This paper employs a micro-based model using firm-level data to estimate the importance of embodied technological progress, technology-related producer inputs, and regional factors for production growth in the computer-electronics sector. We estimate the model using ordinary least squares with different specifications to test for returns-to-scale. Parameter values are used to estimate the contribution of several groups of inputs to output growth. Mostly, the signs and magnitudes of the empirical results conform to expectations. In addition, the growth of R&D investments significantly affects production growth. Moreover, firms' decision to keep their capital stock young by replacing older equipment frequently contributes significantly to production growth, largely because there is a negative relationship between the level of embodied technology and the age of capital. Similarly, technology embodied in labor, at least in terms of increases in the educational attainment (but not experience) of professionals, contributes to production growth. Finally, improvements in regions' 'milieu'-particularly in the levels of consumer services and regional amenities-affects production growth. Our measure of agglomeration economies (incorporating technological spillovers and localization effects) appears to exert a negative influence on production growth, signifying that congestion and other diseconomies associated with sector size in a given region more than offset the growth impulse for this sample. Growth in producer services does not seem to affect production growth, though the level presumably does.
Journal of the American Planning Association, 1984
ABSTRACT This article evaluates recent high-tech economic development programs used in North Caro... more ABSTRACT This article evaluates recent high-tech economic development programs used in North Carolina in terms of their cost-effectiveness and their likely contribution to higher wages, more jobs, greater employment stability, and regionally balanced development. It concludes that although North Carolina's high-tech economic development strategy often is cited as exemplary, it is not likely to achieve its development goals, mainly because it overemphasizes recruitment of industries. The article recommends a more even approach to economic development that emphasizes programs that are cost-effective and are aimed at existing traditional and emerging new businesses.
This paper examines the effect of proposed tax reform on interjurisdictional household mobility. ... more This paper examines the effect of proposed tax reform on interjurisdictional household mobility. Specifically, it shows how the elimination of state and local tax deductibility and tax rate reductions would affect total tax liability for two groups of otherwise identical taxpayers, located in twenty different jurisdictions, and then discusses the likely mobility responses. The paper concludes that proposed tax reform would widen tax liability gaps between high and low tax jurisdictions, especially for young and wealthy taxpayers. The resulting "mobility impulse" would be substantial, especially between neighboring jurisdictions. Actual mobility would depend, however, on a host of complicating factors that are discussed. Whether or not the mobility impulse translates into actual mobility, tax reform would create problems for high tax jurisdictions. 8 1988 Academic Press. Inc.
We develop a methodology to estimate the potential economic benefits from new investments in regi... more We develop a methodology to estimate the potential economic benefits from new investments in regional coastal ocean observing systems in US waters, and apply this methodology to generate preliminary estimates of such benefits. The approach focuses on potential economic benefits from coastal ocean observing information within ten geographic regions encompassing all coastal waters of the United States, and within a wide range of industrial and recreational activities including recreational fishing and boating, beach recreation, maritime transportation, search and rescue operations, spill response, marine hazards prediction, offshore energy, power generation, and commercial fishing.
... Contents Preface, xv Acknowledgments, xix Chapter 1 Introduction, i An Overview of the Popula... more ... Contents Preface, xv Acknowledgments, xix Chapter 1 Introduction, i An Overview of the Population of Research Parks, I Definition of Research Parks, 5 Principal Study Methods, 5 Chapter 2 Research Parks and Regional Economic Development: Theoretical Expectations, ...
Http Dx Doi Org 10 1080 01944369308975897, Nov 26, 2007
ABSTRACT In response to the elimination of federally assisted housing production and sharp rises ... more ABSTRACT In response to the elimination of federally assisted housing production and sharp rises in relative housing costs, local governments throughout the United States have taken a more active role in providing low- and moderate-income housing, particularly home ownership assistance. Designing efficient home ownership programs poses significant challenges to localities because of the layered subsidies and complicated financing, and the often conflicting objectives they are intended to achieve. This article shows how the use of an analytic model helped Chapel Hill, North Carolina, restructure its home ownership program to meet specific goals.
... Contents Preface, xv Acknowledgments, xix Chapter 1 Introduction, i An Overview of the Popula... more ... Contents Preface, xv Acknowledgments, xix Chapter 1 Introduction, i An Overview of the Population of Research Parks, I Definition of Research Parks, 5 Principal Study Methods, 5 Chapter 2 Research Parks and Regional Economic Development: Theoretical Expectations, ...
Sound archives have been massively digitalized in the past twenty years. We are also witnessing t... more Sound archives have been massively digitalized in the past twenty years. We are also witnessing that many of them are becoming available on-line. The emergence of the web, and its evolution towards the semantic web opens a new phase for the publication of digital archives. The data and assets they contain can be made available in a structured way, providing
Economic developers at the local and state levels have increasingly used cost-of-doing-business s... more Economic developers at the local and state levels have increasingly used cost-of-doing-business studies to compare their jurisdictions against others. The cost of doing business is enormously difficult to demonstrate in practice because: (1) there are many different types of business costs, many of which are difficult to measure; (2) in making their location choices, businesses take into account more than direct cost differences; and (3) businesses often behave in a dynamic way and either change how they operate to accommodate cost increases or accept some high costs if there are compensating lower costs or benefit payoffs in a particular location. This paper shows that the data and methods used in typical cost-of-doing-business studies are flawed and incomplete and therefore the implications of the studies are misleading.
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Papers by Michael Luger