scholarly journals Negative Consequences of Innovation-Igniting Urban Developments: Empirical Evidence from Three US Cities

2020 ◽  
Vol 5 (3) ◽  
pp. 378-391
Author(s):  
Ahoura Zandiatashbar ◽  
Carla Maria Kayanan
Keyword(s):  
Economic Development ◽  
Global Economy ◽  
Evidence Base ◽  
Average Treatment Effect ◽  
Negative Consequences ◽  
Trade Offs ◽  
Development Policies ◽  
Quasi Experimental ◽  
Growth Coalitions ◽  
Us Cities

Emergent economic development policies reflect the challenges urban growth coalitions face in attracting the footloose tech-entrepreneurs of the global economy. This convergence between the focus on place and the harnessing of global capital has led to the proliferation of innovation-igniting urban developments (IIUD)—place-based economic development strategies to boost the local knowledge economy. Economic developers are using IIUD strategies to convert areas of the city into entrepreneurial “launch pads” for innovation. However, because these developments remain young, considerations to implement IIUDs lack an evidence-base to show the potential for negative consequences on the communities where they are embedded. This research addresses this gap through: 1) a review of studies of similar developments to identify negative consequences; and 2) using a quasi-experimental method composed of Propensity Score Matching and Average Treatment Effect analyses from IIUDs in three US cities (Boston, MA, St. Louis, MO, and Buffalo, NY). Combined, results demonstrate that the greatest implications of IIUDs are the increased polarized division of labor, housing unaffordability, and income inequality. As IIUDs gain in popularity, it is critical to correlate negative consequences with IIUDs to inform economic developers in assessing trade-offs.

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 THE IMPACT OF THE COVID-19 PANDEMIC ON INDUSTRY 4.0 IN THE CONTEXT OF GLOBAL ECONOMIC DEVELOPMENT

InterConf ◽  
2021 ◽  
pp. 54-59
Author(s):  
Bohdana Hunko
Keyword(s):  
Economic Development ◽  
Industry 4.0 ◽  
Global Economy ◽  
Industrial Revolution ◽  
Negative Consequences ◽  
Negative Effects ◽  
Technology Industry ◽  
World Economic ◽  
The Impact

The paper analyzes the role of Industry 4.0 in the process of overcoming the global economy from the crisis situation associated with the total Covid-19 pandemic. The aspect of economic profitability of using the technologies of the fourth industrial revolution to improve world economic development in the context of the Covid-19 pandemic was also identified. The author identified the positive and negative consequences of the involvement of technology Industry 4.0, on the basis of which a number of recommendations for small and medium-sized businesses were formed in order to quickly overcome the negative effects of the crisis. Based on the work, the author formulated a number of trends and prospects for global economic development, taking into account the current conditions of the Covid-19 pandemic.

scholarly journals More employers, more jobs, more money: An empirical analysis of local economic development policy impacts in US cities

2007 ◽  
Vol 54 (4) ◽  
pp. 445-467 ◽  
Author(s):  
Stuart Strother
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Development Policy ◽  
Local Economic Development ◽  
Tax Base ◽  
Data Set ◽  
Economic Development Policy ◽  
Development Policies ◽  
The Relationship ◽  
Us Cities

Local government leaders in the U. S. employ a multitude of programs and policies in the name of economic development to increase the number of firms, employment, wages, and, of course, the tax base. The past few decades have seen a surge in local economic development policies, yet research analyzing their effectiveness is sparse. This study analyzes the relationship between local economic development policy and economic growth in a data set of 412 U. S. cities. Results indicate that policy has only has a weak correlation with economic growth, suggesting that growth is determined more by market conditions rather than government intervention. The article concludes with an entrepreneurial policy approach this author believes may yield development results in an era of limited policy effectiveness.

A POLICY-BASED ANALYSIS OF THE IMPACTS OF CASINO GAMBLING

2014 ◽  
Vol 8 (1) ◽  
pp. 25-40
Author(s):  
Brian Richard
Keyword(s):  
Economic Development ◽  
Economic Impacts ◽  
Casino Gambling ◽  
County Level ◽  
Negative Consequences ◽  
Policy Goals ◽  
Gambling Regulation ◽  
Quasi Experimental ◽  
Matching Procedure ◽  
Development Outcomes

            In 2003, as part of a lecture series sponsored by the American Gaming Association, Richard LaBrie and Howard Shaffer issued a ‘concept statement’ titled Toward a Science of Gambling Regulation.  They stated, “The set of gambling regulations within a jurisdiction represent that jurisdiction’s strategy for preventing negative consequences….We propose that gambling regulations would be more effective if the regulatory process was science-based” (2003, p. 1).  This paper represents a step towards scientifically analyzing variations in existing policies to determine how effective they are in reaching policy goals.  A quasi-experimental matching procedure is utilized to assess the impacts of casinos at the county level.  Additional analysis examines the effects of various policies on economic development outcomes.  The findings suggest that more restrictive casino policies reduce the economic impacts associated with casino development. 

scholarly journals DEVELOPMENT OF THE BANKING SECTOR OF UKRAINE IN THE SPACE OF FORMATION OF DESTRUCTIVE CONSEQUENCES OF THE INFLUENCE OF THE GLOBAL FINANCIAL AND ECONOMIC CRISES: ECONOMIC AND LEGAL ASPECTS

THE BULLETIN ◽  
2021 ◽  
Vol 389 (1) ◽  
pp. 137-145
Author(s):  
V. Y. Vovk ◽  
Yu.V. Zhezherun ◽  
V.G. Kostohryz ◽  
V. О. Maliarova
Keyword(s):  
Economic Development ◽  
Financial Markets ◽  
Economic Crisis ◽  
Global Economy ◽  
Banking Sector ◽  
Banking System ◽  
Negative Consequences ◽  
Economic Crises ◽  
The World ◽  
The Impact

The article examines the impact of globalization on the development of the world and national economic systems. The high probability of a global economic recession due to the coronavirus outbreak is projected to have significant consequences for both the global economy and the economy of Ukraine. Due to the probable change in the structure of the world economy and logistics, there is a growing need to study the risks of the national banking system, which demonstrates a high dependence on global financial markets. The peculiarities of the manifestation of financial and economic crises in the conditions of turbulence of the international financial markets and strengthening of financial instability have been considered. The causes and consequences of crises in the banking sector of Ukraine have been studied. The analysis of macroeconomic indicators of economic development of Ukraine during 2006-2019 with identifying of crisis periods has been carried out. Particular attention has been paid to the study of the preconditions for the emergence and consequences of the global financial and economic crisis for the economy of Ukraine in general and the banking sector in particular. Indicators that characterize the degree of penetration of the banking system into the economy of Ukraine have been analyzed, that will determine the features of crises at different stages of socio-economic development and conduct a comparative assessment of anti-crisis measures of the NBU aimed at stabilizing the banking sector. Taking into account the fact that the causes of financial and economic crises are not identical, measures used during the Global Financial and Economic Crisis of 2007-2011 cannot be taken to overcome the negative consequences of the Coronacrisis of 2020. Regulatory aspects of the banking system in times of crisis have been systematized. An attempt to predict the possible development of events in the domestic banking sector in the context of the Coronacrisis of 2020 has been made. The purpose of the article is to study the development trends of the banking sector of Ukraine in the space of formation of the destructive consequences of the global financial and economic crises and to determine the main directions of anti-crisis regulation of banking.

Impacts Of Buddhism in Nepalese Dairy Co-Operatives On Economic Development

2020 ◽  
Vol 3 (1) ◽  
pp. 1-9
Author(s):  
Sushma Acharya
Keyword(s):  
Economic Development ◽  
Global Economy ◽  
Vital Role ◽  
Main Theme ◽  
Negative Consequences ◽  
The Status ◽  
Working Together ◽  
Universal Instrument ◽  
Dairy Cooperatives ◽  
Secondary Information

With the kindness, getting milk from animals by natural process with love and care with virtues such as right view, right thought, right speech, right action, right livelihood, right effort, right mindfulness and right concentration could not be misdeed. Buddhists believe that nothing is fixed or permanent. The movement of time and lifestyles for upgrading the production value, People detector improve in sectors, the co-operative concept emerged and is taken as the universal instrument of creating economic miracles by living, thinking and working together to accomplish common goal through cooperative principles. Later on, it gives a huge contribution to global economy. The main theme of the study is how Buddhism and dairy co-operatives eradicates negative consequences from livelihood and plays a vital role on economic development. How it creates right livelihood from a philosophy of noble eightfold path. Buddhists Economics as a new dimension of economic development is developing through dairy cooperatives in Nepal. Objectively, the study is to identify the impacts of dairy cooperatives to economic development of Nepal from Buddhists’ perspective. Methodologically the study is a descriptive qualitative analysis from different secondary information depending upon the reviews of different literature. In conclusion the study found the status of Nepalese dairy cooperatives to generate the opportunities and income determinants to uplift national economy. Buddhism has not any significant impacts on Nepalese diary cooperatives.

scholarly journals Discuss and Analyze the Role and Impact of Industrial Policy on Economic Development and especially in Developing Countries

2021 ◽  
Vol 1 (137) ◽  
pp. 81-94
Author(s):  
Maryam Saleh shafeek
Keyword(s):  
Developing Countries ◽  
Economic Development ◽  
Industrial Policy ◽  
Global Economy ◽  
The United States ◽  
Negative Consequences ◽  
Negative Effects ◽  
Industrial Base ◽  
Push Forward

Different countries, especially developing ones, have resorted since the middle of the last century to using industrial policy in order to expand the industrial base and push forward the economic development wheel. Tangible results have been achieved in many Asian countries, while no such results have been achieved in the countries of Latin America and Africa. Support has been dropped for the application of industrial policy since the mid-eighties of the last century because of the negative consequences resulting from it and then return again in the recent period. The research aims to analyze and discuss industrial policy and the extent of the need to use it in developing countries, it focuses on discussing the ideas and propositions of the two different approaches towards industrial policy. The first represents the position of those opposed to the industrial policy, and the second represents the position of those who support it. Those opposed to the industrial policy are the neoliberals in the United States of America who stress the role of the market in achieving development and point to the negative effects of industrial policy, while in favor of industrial policy book theoreticians Many economists because of the existence of globalization and the WTO rules and the changing nature of the global economy and that creates difficulties and impediments to developing countries and weaken the influence of industrial policy. Through analysis and discussion of the various propositions and evidence, the research ends with recommending the use of a carefully formulated industrial policy as a means to achieve economic development in developing countries and overcome the negative effects on them. With the call to adjust the policies and rules of the World Trade Organization and the global economic system in line with the need of developing countries for the development of industrialization and promoting economic development.

Peculiarities of Modern Dynamics of the Global Economy

2010 ◽  
pp. 78-92 ◽  
Author(s):  
V. Klinov
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Business Cycles ◽  
Global Economy ◽  
Long Waves ◽  
Rapid Expansion ◽  
Business Taxation ◽  
Modern World ◽  
China And India ◽  
World Economic

Rates and factors of modern world economic growth and the consequences of rapid expansion of the economies of China and India are analyzed in the article. Modification of business cycles and long waves of economic development are evaluated. The need of reforming business taxation is demonstrated.

Our Debts Heavy... (on the Monograph “Debt as a Phenomenon of the XXI Century”)

2015 ◽  
pp. 152-159 ◽  
Author(s):  
T. Leonova
Keyword(s):  
European Union ◽  
Economic Development ◽  
Global Economy ◽  
Debt Financing ◽  
The European Union ◽  
National Economies

Lending capital, credit and debt financing have been around and used to fuel economic development since the time immemorial. There are innumerable studies by international and Russian scholars that look into the evolution of these notions and lending instruments employed. The collective monograph edited by A. Porokhovsky and published by the MSU in 2014 intends to provide an all-around political and economic as well as applied review of the current debt issues faced by the global economy, national economies of Russia, U.S.A. and countries of the European Union. It uses a variety of academic and methodological postulates that range from the reproduction approach to modern macroeconomic doctrines.

A model of the analysis of the dynamics and structure of socio-economic development (an example of the set of the largest Polish cities in the years 1998–2015)

2019 ◽  
Vol 63 (1) ◽  
pp. 25-37
Author(s):  
Lidia Mierzejewska ◽  
Jerzy Parysek
Keyword(s):  
Principal Component Analysis ◽  
Economic Development ◽  
Development Process ◽  
Principal Component ◽  
The State ◽  
Geographical Research ◽  
Development Policies ◽  
Socio Economic Development ◽  
Development Processes ◽  
State Of Affairs

Abstract The complexity of the reality studied by geographical research requires applying such methods which allow describing the state of affairs and ongoing changes in the best possible way. This study aims to present a model of research on selected aspects of the dynamics and structure of socio-economic development. The idea was to determine whether we deal with the process of reducing or widening the differences in terms of individual features. The article primarily pursues a methodological goal, and to a lesser extent an empirical one. The methodological objective of the paper was to propose and verify a multi-aspect approach to the study of development processes. The analyses carried out reveal that in terms of the features taken into account in the set of 24 of the largest Polish cities the dominating processes are those increasing differences between cities, which are unfavourable in the context of the adopted development policies aiming at reducing the existing disparities. In relation to the methodological objective, the results of the conducted research confirm the rationale of the application of the measures of dynamics and the feature variance to determine the character (dynamics and structure) of the socio-economic development process of cities. Comparatively less effective, especially for interpretation, is the application of principal component analysis and a multivariate classification, which is mainly the result of differences in the variance of particular features.

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