Browsing by Subject "Investments"

Now showing 1 - 7 of 7
  • Thumbnail Image
    Item
    Case Studies of Transportation Investment to Identify the Impacts on the Local and State Economy
    (Minnesota Department of Transportation, 2013-01) Iacono, Michael; Levinson, David
    This project provides case studies of the impact of transportation investments on local economies. We use multiple approaches to measure impacts since the effects of transportation projects can vary according to the size of a project and the size of the area under study, as well as other exogenous factors such as existing economic and demographic conditions. We measure effects on economic output and employment to estimate impacts of specific investments, and address issues of generative versus redistributive effects of investments, as well as identify specific economic sectors that might be disproportionately affected by such investments.
  • Thumbnail Image
    Item
    Commercial Gentrification Along Twin Cities Transitway Corridors
    (Center for Transportation Studies, University of Minnesota, 2022-05) Wexler, Noah; Fan, Yingling
    This report examines how the construction and operation of Light Rail and Bus Rapid Transit corridors in the Twin Cities metropolitan area affected commercial gentrification. Using data on establishments providing retail, food, or personal services, we use several econometric approaches to examine how both the construction and operation of new transit affected sales, employment, and concentration of nearby establishments. We estimate separate models for small single-location firms and establishments affiliated with larger multiple-location firms. Overall, we find that robust evidence that the Green Line reduced sales for single-location firms. We also find some evidence that the A Line BRT slightly reduced sales and employment for the same types of firms. By contrast, the Blue Line did not have significant effects on nearby stores. We use the Green Line as a case study to examine the mechanisms of transit-induced commercial gentrification, finding that gentrification effects are correlated with positive residential construction effects. These findings suggest that transit-induced gentrification is dependent on transit's affects on surrounding physical infrastructure, pointing to actionable policy remedies that can protect small firms during periods when nearby construction may disrupt business.
  • Thumbnail Image
    Item
    The Impacts of Transportation Investment on Economic Growth in the Twin Cities
    (Center for Transportation Studies, University of Minnesota, 2016-06) Cao, Jason; Iacono, Michael; Levinson, David; Cui, Mengying
    The transportation system plays a critical role in fostering economic growth. Although previous studies have shed light on the impacts of transportation investments, their results are not readily adapted to predicting economic impacts of individual transportation projects. This study aimed to (1) investigate the impacts of transportation investments on economic growth (wages and employment) in the Twin Cities and (2) develop a method that practitioners can apply to predict economic growth resulting from investments in individual projects (as well as disinvestments). The capacity of such predictions is critical for the economy of the Twin Cities because transportation infrastructure lasts for decades once built. The method is expected to be used by practitioners of planning, programming, and finance at MnDOT and DEED, as well as at the Metropolitan Council. This study contributes to the base of knowledge by offering new empirical evidence on intra-urban patterns of agglomeration based on small-scale geographic data on job density from the Twin Cities. Our findings indicate that in general urbanization effects tend to dominate localization effects across a range of industries.
  • No Thumbnail Available
    Item
    The Influence of Intuition on the Decision-Making of Investment Analysts
    (2020-04-30) Thorpe, Jordan E; Bell, Geoffrey G
    Recent research has demonstrated that many professionals, including some financial professionals, use intuition as an important element of the decision-making process. However, scholars have yet to examine the potential use of intuition by traders. In this paper, we do exactly that, and look at whether the type of trader (fundamental vs. technical) as well as the traders’ experience, influences their use of intuition in trading decisions. Using content analysis to analyze data gathered by Schwager (2003), our preliminary observations suggest that indeed technical traders do rely on intuition much more than do fundamental traders, and that reliance on intuition increases with experience.
  • Thumbnail Image
    Item
    Minutes: Senate Committee on Social Concerns: December 4, 1997
    (1997-12-04) University of Minnesota: Senate Committee on Social Concerns
  • Thumbnail Image
    Item
    Oral history interview with Harry M. Markowitz
    (Charles Babbage Institute, 2002-03-18) Markowitz, H. (Harry), 1927-
    Harry M. Markowitz discusses his development of portfolio theory, (for which he received a Nobel Prize in Economics), “Sparse Matrices,” and his work at the RAND Coporation, GE, CACI, and IBM on simulation software development, modeling, and operations research.
  • Thumbnail Image
    Item
    Transportation Investment and Economic Development in Minnesota Counties
    (Center for Transportation Studies, University of Minnesota, 2015-04) Zhao, Zhirong Jerry
    This project examines the link between accumulated transportation capital stocks in Minnesota counties and their annual property tax revenues using longitudinal data in the 1995-2011 period. We separated the effects of two different transportation capital stocks, one associated with load roads and the other with trunk highways. In addition, we considered not only the internal effect of transportation investments within a county, but also the spillover effect due to transportation investments made in neighboring counties. Estimations from panel-data regressions show that local-road capital stocks within a county have a positive effect on its property tax revenues, with an elasticity of 0.093, but much of the benefits may be the outcome of a zero-sum game due to inter-local competition of property tax bases. Trunk-highway capital stocks within a county also show a positive effect, with an elasticity of 0.013. The spillover effect of trunk-highway development is even higher: The average level of trunk-highway capital stocks in neighboring counties has a positive elasticity of 0.030 on a county’s property tax revenues. Applying the estimations to the county data in FY2010, we calculated the ROI (return of investment) of additional transportation investments on property tax bases. The average ROI on the growth of EMV (Estimated Market Values) within a county is about 1.254 for local roads, and about 0.871 for trunk highways. The regional impact would be reduced for local roads due to the inter-local competition, but significantly amplified for trunk highways due to spillover benefits.