1,721,952 research outputs found
Interstate highway and industrial clustering
No full textInterstate Highway and Industrial Clustering Investment in highway construction is usually justified by the belief that it will contribute to economic growth via a variety of mechanisms: market expansion, regional specialization, acceleration of industrial clusters (agglomeration) and innovation. This paper tries to examine one of those effects, industrial agglomeration – a source of increasing returns and external economies, which can lead to endogenous growth. This study, which focuses on I-85 highway corridor and the furniture industry (NAICS code 337), attempts to clarify two points: whether industrial agglomeration occurred in South Atlantic area and if so, whether the highway corridor is related. Three employment-based concentration indices are calculated for the furniture industry, two of which support the hypothesis of geographical concentration. A localized index of spatial association (LISA) measure is also used. It reveals a hot spot that covers the northern part of I-85 corridor and neighboring counties. A regression analysis with highway dummies indicates that the degree of clustering is higher in counties in the highway corridor itself and in neighboring counties. While the results provide evidence of a spatial relationship between the I-85 highway and agglomeration in the furniture industry, further analysis will be needed to establish a causal relationship
Recital 3: Part 1: No. 1 in E-flat Major, Three “Electoral” Sonatas, WoO 47 (1783)
Full text linkLudwig van Beethoven (1770-1827)
Three “Electoral” Sonatas, WoO 47 (1783)
No. 1 in E-flat Major Allegro cantabile Andante Rondo vivace
Performer:
Yena Li, pian
Disparities depression guideline development and implementation in low/middle- vs. high-income countries - Supplementary Materials
No full textSupplementary Materials for manuscript titled, "Disparities in the development and implementation of guidelines for the management of depression in low- and middle- vs. high-income countries: a systematic review.
Shift-share analysis of employment and productivity growth in highway corridors
No full textInterstate Highway and Industrial Clustering One of the most common means of assessing the economic impacts of highways is to measure the growth and decline of employment in a highway corridor. Observed changes in employment, however, are outcomes of two interrelated effects that highways have on economic activity in corridor regions: the output effect and the productivity effect. The output effect means that growth in the level of production (output) in the corridor leads to increased employment. The productivity effect means that improved efficiency in the corridor leads to a decrease in the ratio of labor input (employment) to output. Thus the output effect may be partially or totally offset by the productivity effect. To address this issue, I apply an extended shift-share analysis that makes it possible to separate the output and productivity effects in the data. The analysis is applied in two highway corridor regions: the I-95 corridor (Boston to Washington) and the I-85 corridor (Raleigh-Durham to Birmingham) for the periods 1972-87 and 1987-200
Utility Curvature and Unemployment Volatility
No full textCan we resolve the unemployment volatility puzzle (Shimer 2005) despite the cyclical opportunity cost of employment? Chodorow-Reich and Karabarbounis (2016) found that the opportunity cost of employment is highly procyclical, which poses significant challenges to the models of labor market fluctuations. Introducing procyclical opportunity cost inevitably weakens wage rigidity regardless of the exact types of wage bargaining, and it dampens the labor market volatility. We study the roles of the utility curvature and the intensive margin of labor supply, which not only induces the opportunity cost of employment procyclical but also generates additional sources of labor market fluctuations cyclical stochastic discount factor and hours worked. Our model with alternating-offer wage bargaining can replicate the observed labor market volatility, with the help of high elasticity of intertemporal substitution, despite the cyclical opportunity cost ofemployment.N
Observed Changes in Springtime Nutrient Flux Budget along the Korean Peninsula (2012-2021): Roles of Streamflow and Nutrient
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Time-space analysis for the hub and cluster structures of transit passenger flows in the metropolitan Seoul
No full textRecent changes in springtime discharge and nutrient fluxes to the vicinity of the Korean Peninsula (2012-2021)
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Recital 3: Part 1.2: Encore
No full textScherzo from Beethoven Symphony No. 2 in D Major, Op. 36, arranged for piano six-hands by Renaud de Vilbac
Performers:
Yena Li
Rachel Yan
Kristiana Labug
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