scholarly journals An Area Economic Development Impact Model for Extension Application

1978 ◽  
Vol 10 (1) ◽  
pp. 89-93 ◽  
Author(s):  
James R. Nelson
Keyword(s):  
Economic Development ◽  
Manufacturing Firms ◽  
Local Economy ◽  
Service Firms ◽  
Economic Base ◽  
Impact Model ◽  
Goods And Services ◽  
Transportation Finance ◽  
Impact Models ◽  
Local Firms

Most area economic development impact models are based on the premise that the basis of an area economy is a group of local firms which produce goods and services for sale outside the area. Agriculture, mining, and manufacturing firms typically make up a large part of such a group of exporting or basic firms. However, in most communities and some larger areas, many service firms (wholesale, retail, transportation, finance, medical, utilities) sell some of their products outside the local economy. These exports are part of the area's economic base. That portion of the output of the firms in an area which goes to satisfy local demands is nonbasic output. Area employment used to produce basic and nonbasic goods and services can be classified similarly as basic and nonbasic employment, respectively.

Features of economic development of entrepreneurship in suburban areas of the region

2020 ◽  
pp. 22-25
Author(s):  
Viktoriya Bondarenko
Keyword(s):  
Economic Theory ◽  
Economic Development ◽  
National Economy ◽  
Geographic Area ◽  
Developed Countries ◽  
World Market ◽  
Production Costs ◽  
Goods And Services ◽  
Suburban Areas ◽  
The World

The level of economic development of entrepreneurship in any country in the world is crucial in increasing the competitiveness of the national economy in the world market of goods and services. The activities of economic entities are the driving force for the sustainable development of regions and their suburban areas, and they also impact the welfare of population. The article dwells on the analysis of scientific approaches to the regulation of economic development of enterprises in suburban areas of the region. The article analyzes the scientific approaches to the regulation of economic development of enterprises in suburban areas of the region. According to the well-known classics of the fundamental economic theory of entrepreneurship development (A. Smith, D. Ricardo, V. Laungard, A. Loria) the peculiarities of economic development of entrepreneurship in suburban territories of the region are determined by the possibility of distribution of surplus production, minimum production costs per unit of production, availability of labor resources. In modern economic theory (M. Weber, A. Pre, S.M. Kimelberg, E. Williams, C. Vlachou, O. Iakovidou, J. van Dijk, P. Pellenbarg) the development of entrepreneurship in suburban areas of the region can be determined by institutional, innovation, technological, social, ecological and other features of the economy at the regional, state or world levels. The complex and comprehensive generalization of the features of economic development of entrepreneurship in suburban areas is proposed. There are (1) the type of decision taken by an enterprise to carry out business activities in the relevant suburban area of the region, and (2) the influence of internal and external factors on economic activity. The article argues that large enterprises are guided by more objective decision-making reasons, attaching the most importance to the physical and innovative environment. Medium and small enterprises are mainly focused on getting benefits for the entrepreneur in the short-term time period and location in the nearest geographic area. The attention was paid to the tools of ensuring economic development of entrepreneurship in suburban areas of the region, taking into account institutional changes in the national economy and the experience of developed countries of the world.

An Examination of the Relationship Between Local Tax Incentives and Diversification of the Local Economic Base

2021 ◽  
pp. 089124242199844
Author(s):  
Adrienne DiTommaso ◽  
Robert T. Greenbaum
Keyword(s):  
Economic Development ◽  
Descriptive Analysis ◽  
Tax Incentives ◽  
Population Characteristics ◽  
Annual Data ◽  
Metropolitan Statistical Area ◽  
Economic Base ◽  
Industrial Base ◽  
Development Literature ◽  
The Relationship

While much of the economic development literature attempts to quantify the effectiveness of tax incentives on growth outcomes, less attention has been paid to the relationships between incentive use and local economic base composition, despite the fact that many economic development strategies are aimed at changing industrial base makeup. Local industrial base diversity has implications for the pace and stability of future growth. Using newly available annual data on incentives at the metropolitan statistical area (MSA) level, this article explores the relationship between incentives and economic diversity between 2005 and 2015. The descriptive analysis finds that MSAs with less diverse economic bases target incentives to industries with low concentration and that regardless of overall diversity, MSAs are more likely to incentivize industries that are less specialized locally. Panel regression models indicate that use of customized job training subsidies are associated with increases in diversity net of local government and population characteristics.

Servitization of Industry: New Evidence

2021 ◽  
Vol 65 (8) ◽  
pp. 22-30
Author(s):  
V. Kondrat’ev ◽  
G. Kedrova ◽  
V. Popov
Keyword(s):  
Economic Policy ◽  
Business Models ◽  
Manufacturing Firms ◽  
Policy Implications ◽  
New Economic Policy ◽  
Firm Level ◽  
Policy Regime ◽  
Goods And Services ◽  
New Business ◽  
Use Of Services

A significant increase in the use of services is observed for some industries in GVCs (Global Value Chains). The paper has shed light on important dimension of the servitization which is the sale and export of services by manufacturing firms, often bundled together with goods. Firm-level data confirm that many firms are involved both in the production of goods and services and that there are complementarities between these activities. Not only manufacturing firms are involved in the distribution, transport and logistics services needed for their international operations in GVCs but also, they provide installation, maintenance, repair services as well as a variety of other business support and complementary services that increase value for their customers. The servitization has important policy implications, particularly when taking into account the fact that trade in services is generally more restricted than trade in goods. As the lines between goods and services are blurred, economic policy today might be more challenging than in the past, particularly for companies moving to new business models that imply more interactions with customers and a more intensive use of digital technologies. Services themselves are split into different modes of supply for which there are different levels of economic policy. A closer look at the mechanisms of value creation in the case of services suggests that there are still the needs of new economic policy addressed at business models described as value networks or value shops. As technologies become more disruptive and more companies move to ‘servicified’ GVCs, the need for a more consistent international economic policy regime, particularly at the multilateral level, will become more urgent.

The Use of Planning Methodologies in Local Economic Development Decisionmaking

1997 ◽  
Vol 15 (3) ◽  
pp. 285-303 ◽  
Author(s):  
L A Reese
Keyword(s):  
Economic Development ◽  
Local Economic Development ◽  
Economic Base ◽  
Demand Side ◽  
Local Planning ◽  
Evaluation Activity ◽  
Evaluation Practices ◽  
Development Policies ◽  
Us Cities

In this paper the nature and extent of local planning and evaluation practices and their impact on economic development policies are examined. Based on data from a survey of Canadian and US cities with populations over 10 000, several conclusions are drawn; (1) it appears that the extent of planning and evaluation of local economic development policies is limited in cities in both nations; (2) conditions which appear to be associated with planning and evaluation include expected growth in economic base, more land available for development, larger local budgets for economic development, and greater professionalism among economic development officials; and (3) although more planning and evaluation activity is related to an increased use of all types of economic development techniques, planning appears to interact with other local forces in a manner which may lead to more entrepreneurial, demand-side, or redistributive economic development policies.

scholarly journals “Fettered” and “unfettered” capitalism in J.A. Schumpeter’s concept of Tax State and economic development – issues in banking perspective

2016 ◽  
Vol 7 (1) ◽  
pp. 23
Author(s):  
Karol Śledzik
Keyword(s):  
Economic Development ◽  
Theoretical Concept ◽  
Factors Affecting ◽  
Scientific Discussion ◽  
Goods And Services ◽  
Current State ◽  
Modern Economy ◽  
Tax State ◽  
Economic Reality ◽  
Transformation Processes

Economic development and transformation processes have become much more intense in economic reality in the last years than they have ever been before. At this time a lot of questions were raised about the causes of the actual Global Crisis, future crises, the factors affecting the modern economy, about the essence of contemporary capitalism, demographic problems and overgrown bureaucracy. The most spectacular threat to capitalism, (based on private entrepreneurship) according to Schumpeter, stems from the high, growing and progressive taxation. Schumpeter saw clearly that the financing of public goods and services (requiring taxes, maybe even relatively high) is something other than a clerical control of the economic system that violates the natural economic mechanism. Moreover, Schumpeter says explicitly that an entrepreneur does not have to be one person, he even states that the country (state) itself, or its agenda, can act as an entrepreneur. Therefore, it can be concluded that we may have to deal with “Tax State”, which is typical for “fettered capitalism”, and with “entrepreneurial state”, which is typical for “unfettered capitalism”. The main goal of this paper is to present two different approaches to the economic development concept: Schumpeter’s “fettered” and “unfettered” capitalism in the context of “Tax State” and interventionism. The Author analyzes presented concept in contemporary issues from the banking perspective. In the paper, the Author used critical analysis as a research method. This allowed to identify gaps in the current state of knowledge and the scientific discussion focused on J.A. Schumpeter’s theoretical concept. Analysis was performed in 2015.

scholarly journals Prediction of Urban and Rural Tourism Economic Forecast Based on Machine Learning

2021 ◽  
Vol 2021 ◽  
pp. 1-7
Author(s):  
Wusheng Zhou
Keyword(s):  
Time Series ◽  
Economic Development ◽  
Causal Relationship ◽  
Local Economic Development ◽  
Tourism Industry ◽  
Local Economy ◽  
Series Data ◽  
Economic Forecast ◽  
The Relationship ◽  
Tourism Revenue

With the rapid development of tourism, tourism revenue, as one of the important indicators to measure the development of the tourism economy, has high research value. The quasi-prediction of tourism revenue can drive the development of a series of related industries and accelerate the development of the domestic economy. When forecasting tourism income, it is necessary to examine the causal relationship between tourism income and local economic development. The traditional cointegration analysis method is to extract the promotion characteristics of tourism income to the local economy and construct a tourism income prediction model, but it cannot accurately describe the causal relationship between tourism income and local economic development and cannot accurately predict tourism income. We propose an optimized forecasting method of tourism revenue based on time series. This method first conducts a cointegration test on the time series data of the relationship between tourism income and local economic development, constructs a two-variable autoregressive model of tourism income and local economy, and uses the swarm intelligence method to test the causal relationship and the relationship between tourism income and local economic development, calculate the proportion of tourism industry, define the calculation result as the direct influence factor of tourism industry on the local economy, calculate the relevant effect of local tourism development and economic income, and construct tourism income optimization forecast model. The simulation results show that the model used can accurately predict tourism revenue.

scholarly journals The Socio-Economic Development of Cross-Border Territories: Statistical Monitoring

2018 ◽  
Vol 80 (1) ◽  
pp. 61-67
Author(s):  
О. М. Motuzka ◽  
V. V. Parkhomenko
Keyword(s):  
Economic Development ◽  
Information Needs ◽  
Market Competition ◽  
Global Market ◽  
Border Region ◽  
Goods And Services ◽  
Border Regions ◽  
Cross Border ◽  
Statistical Monitoring ◽  
Socio Economic Development

Because the methodology for studying the socio-economic development of cross-border territories is still poorly developed in the Ukrainian science, this study aims to highlight its theoretical essence and justify the need for statistical monitoring and identification of practical problems related with its applications at personal, institutional and regional level.   Given the global market competition, the socio-economic development of cross-border territories is impossible without creating favorable financial, institutional and infrastructure environment. The socio-economic development of cross-border territories is determined by a set of indicators reflecting the capabilities of territories located on both sides of the border to produce a certain output of goods and services using the available human and material resources.    The importance of cross-border statistics grows with the expansion of cross-border cooperation. Cross-border statistics refers to the generalized information on the socio-economic development of cross-border territories; it has to support the CBC-related operation of central and local administration bodies and private entities in border regions, aimed at expanding business partnerships and meeting public needs on border territories. The source of data for cross-border statistics is the statistics of border regions. The analysis shows that trial decisions used now in the Ukrainian statistics system for testing border region statistics, such as statistics of tourism, including travels abroad, are not capable to meet information needs of the regional development policy, foreign trade statistics and statistics of internal and external migration. The statistics of cross-border regions has to face the following challenges:  improve the comparability of statistical indicators by harmonizing statistical surveys’ methodology, terminology, definitions and classifications; expand and improve printing and publishing activities; develop analytical work; introduce and develop cross-border surveys; construct on-line cross-border database.

scholarly journals Cluster-Based Local Economic Development (The Case of Cluster Development In Umbul Ponggok, Klaten)

2019 ◽  
pp. 369
Author(s):  
Nunuk Dwi Retnandari ◽  
David Merauje
Keyword(s):  
Economic Development ◽  
Local Economic Development ◽  
Local Economy ◽  
Community Based ◽  
Tourist Destination ◽  
Development Patterns ◽  
Management And Development ◽  
Banking Institutions ◽  
High Level ◽  
Superior Level

Local economic development is one of the means regional governments frequently employ to improve community welfare. However, improper management and development patterns would lead to failure in the implementation of economic development or outside communities may enjoy the benefits of economic development instead. Umbul Ponggok is a community-based tourist destination and it has, to this day, been capable of becoming a source of livelihood for most of the residents living in the area. The community’s involvement at every level of the decision making process and implementation guarantees continuity in the local economy they develop. Additionally, the transparent and accountable management in place ensures the high level of trust people have. Such superior level of trust and involvement was no overnight feat, persistence and wholeheartedness of initiators along with the support of various parties (university, banking institutions, NGO, and others) made certain that the numerous issues encountered were resolved, all challenges overcome, and every opportunity taken.

Bringing cheer to a depressed economy — Economic Development in N. Ireland

1987 ◽  
Vol 2 (1) ◽  
pp. 38-48
Author(s):  
Mike Morrissey ◽  
Frank Gaffikin
Keyword(s):  
Economic Policy ◽  
Economic Development ◽  
Critical Review ◽  
Local Economy ◽  
Alternative Strategy ◽  
The Future

In this, the first of two articles, the authors examine the particularly grim problems of the local economy in N. Ireland. They argue that such problems have to be understood in the context of N. Ireland's distinctive politics and administration. Following an assessment of economic development performance in recent decades, they conclude with a critical review of government strategies for the future. In the second article they intend to examine other local suggestions for economic policy, and to outline a “popular” alternative strategy.

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