Browsing by Subject "economic growth"
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Item Are America's Brightest Days Behind Us? Challenges in the U.S. Economy(2014-09-12) Holtz-Eakin, Douglas; Weber, VinItem Border Wars: Taxes, Jobs, and the Economy in Minnesota and Wisconsin(2013-10-07) Frans, Myron; Chnadler, Richard; Jacobs, LawrenceItem The Effect of Transnational Farmland Investments on the Ghanaian Economy(2016-08) Choi, DonggulTransnational investments in farmland in countries where agriculture is a relatively large share of the economy are recent and controversial. Some economists view these investments as developmental opportunities including capital deepening, new technology, and employment opportunities. Others view these investments as land grabs, emphasizing the dislocation of local farmers and insufficient compensation for land use. However, these views are not based on structural growth model analyses. This research investigates how these seemingly conflicting effects interact with each other in the process of economic growth by fitting a dynamic general equilibrium model to Ghanaian data. Capital and land markets are modeled to be segmented between domestic and foreign agents. The differing effects of two common foreign investment activities, grain farming and biofuel production, are investigated. Both entail the displacement of local capital and labor in agriculture, which has economy-wide effects over time. Grain farming investments tend to promote capital accumulation and increase income and consumption over the transition, whereas labor income is adversely affected. Biofuel projects induce the reverse. Results suggest that the current predominance of foreign investment in biofuel production is likely to increase labor income and household welfare, measured by consumption level, yet leads to a decline in national income in the long run. Results identify the relative labor intensity of technology on foreign-operated farms, which affects the returns to domestic capital and the pace of capital deepening, as a major determinant of the long-term effect of farmland investments.Item The Future of Conservatism: Statecraft or Idealogy?(2011-10-13) Ponnuru, Ramesh; Jacobs, LawrenceItem 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, MengyingThe 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.Item Regional Labor Markets: Econometric Analysis(St. Paul: State and Regional Research Center, Center for Urban and Regional Affairs, University of Minnesota., 1988) Grosse, Michael; Nelson, Glenn L.Item Taxes, Jobs, and Market Growth Rates(St. Paul: State and Regional Research Center, Center for Urban and Regional Affairs, University of Minnesota., 1988) Stinson, Thomas F.; Dewar, Margaret E.; Sullivan, Kip