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 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.

Maximizing Utility vis-à-vis Developing Countries

2018 ◽  
Author(s):  
Sarah Blodgett Bermeo
Keyword(s):  
Developing Countries ◽  
Developing Country ◽  
Formal Model ◽  
Policy Goals ◽  
The Government ◽  
Development Outcomes

This chapter develops a formal model of targeted development. It starts from the assumption that governments in industrialized states seek to maximize their own utility in interactions with developing countries. Development concerns compete with other policy goals for scarce government resources. The level of development resources an industrialized country government targets to a particular developing country depends on the weight the government places on development in that country as well as the efficiency of the country in turning resources into development outcomes that the industrialized state values. One of the key insights of the model is that, as governments work to maximize the utility gained per dollar (or euro, yen, etc.) spent, development motives will influence policy in multiple issue areas. The chapter also draws out implications of the theory for each of the issue areas examined in the empirical chapters.

scholarly journals Socio-economic Disparity problems and Convergence Policy in the EU States

2016 ◽  
Vol 2 (1) ◽  
pp. 41-48
Author(s):  
Elena Dubra
Keyword(s):  
Economic Development ◽  
Well Being ◽  
Convergence Theory ◽  
Socioeconomic Indicators ◽  
Social Situations ◽  
Member States ◽  
Eu Member States ◽  
Policy Goals ◽  
Economic Strategies ◽  
The Eu

The purpose of this paper is to investigate socio-economic development condition and convergence evaluation in the EU-28 states in the context of the EU policy goals. The arm of this research is to estimate socioeconomic disparities and convergence problems in the European states by applying real valuations of well-being situations and economic development challenges in the EU member states. The research methodology is based on the European Commission legitimate documents application and socio-economic strategies, on the convergence theory and convergence scenario calculations and the socioeconomic forecasts analysis in the EU states. This research presents information about different socioeconomic indicators, indexes, and scheme of information`s flows for convergence level estimation. This study contains objectives and general outlines of period 2014-2020 in the framework of Europe as a whole, as well its impact on the EU member states economies and living conditions. Changes in the main socioeconomic concepts impact on EU convergence policy and rapidity of convergence depends on the initial discrepancy of the development level in the EU states. The efficiency of European convergence policy can also be improved by significant economic growth and by a clever choice of the country-specific social activities. This research investigates above information for social situations estimations in EU states as well as GDP growth, unemployment, population’s income level and different welfare indicators. The main results reflect the overall economic situation valuation in the EU countries and present European convergence policy’s impact on social development in the European states. The conclusions contain socio-economic situations appreciation in the context of European strategy goals and social inequality problems clarification in the EU states.

scholarly journals Re-examining Nigeria's Contributions to the African Union and the Domestic Socio-Economic Ramifications

2017 ◽  
Vol 9 (1(J)) ◽  
pp. 17-26
Author(s):  
Samuel A. Umezurike ◽  
Chux Gervase Iwu ◽  
Lucky E Asuelime ◽  
Chinelo Augustine Umezurike
Keyword(s):  
Economic Development ◽  
General Framework ◽  
Economic Condition ◽  
African Union ◽  
Analysis Methodology ◽  
Documentary Analysis ◽  
Policy Goals ◽  
Socio Economic Development ◽  
Development Goals ◽  
Compare And Contrast

While there have been scholarly studies that address Nigeria’s diplomacy and contribution to the African Union (AU), many of them have failed to compare and contrast how those have added to the socio-economic development of Nigeria. We encountered a few instances where attempts were made to explain such, yet a fully-fledged analysis lacked in their conclusions. We applied documentary analysis methodology in our review and found that there is a serious misalignment between Nigeria’s diplomacy and support for the African Union on one hand and positive socio-economic development in Nigeria on the other. The study also looks at exploring how the general framework of Nigeria’s foreign policy goals and strategies in Africa can serve both its national interest and the overall development goals of Africa. We argue that for Nigeria’s role in the AU to be meaningful, the country needs to simultaneously revive its internal socio-economic condition.

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 Currency liberalization and its impact on the economy of Ukraine

2020 ◽  
Vol 2020 (3) ◽  
pp. 25-40
Author(s):  
Valentyna Harkavenko ◽  
◽  
Galina Yershova ◽  
◽  
Keyword(s):  
Economic Development ◽  
Financial Sector ◽  
Developed Countries ◽  
Raw Material ◽  
Negative Consequences ◽  
Economic Activities ◽  
Depth Analysis ◽  
European Standards ◽  
Business Entities ◽  
The Impact

Examining the transformation of financial relations in Ukraine, in the previous article the authors analyzed the impact of foreign capital on the economic development of this country’s economy and found that its concentration in certain economic activities contributed to consolidating its raw material orientation. The authors conclude that due to the distorted model of Ukraine's economic development, successful practices of developed countries to attract foreign investment and reform the financial sector are ineffective in this country’s economy. Continuing the study of the transformations of financial relations in Ukraine, which are taking place under the influence of the approximation of domestic legislation to European standards, the authors could not leave aside the question of impact of the liberalization of currency legislation on the economy. Given that currency liberalization significantly affects the behavior of foreign investors, the authors conducted an in-depth analysis of legislative changes in the financial sector, and described the main results of their implementation. The positive and negative consequences of currency liberalization in Ukraine for business entities and the economy in general are analyzed. Particular attention is paid to the risks associated with the liberalization of operations related to the movement of capital and the behavior of non-residents in the financial market of Ukraine. It is concluded that Ukraine’s economy with its distorted development model belongs to the financially and institutionally weak ones, hence is not presently ready to liberalize its monetary relations, which could only deepen the deformations and reduce resilience to macroeconomic imbalances.

Social, Political, and Environmental Impacts in Latin America

2018 ◽  
pp. 284-318
Author(s):  
Rhys Jenkins
Keyword(s):  
Latin America ◽  
Environmental Impacts ◽  
Economic Impacts ◽  
Political Influence ◽  
Local Communities ◽  
The Political ◽  
Negative Consequences ◽  
Political Implications ◽  
The Social ◽  
The Caribbean

Rather less has been written about the social, political, and environmental impacts of China on Latin America and the Caribbean (LAC) than the economic impacts. In terms of social impacts, the chapter considers the effects in terms of both employment and the way in which Chinese companies in the extractive industries have affected local communities. In LAC, discussion of the political implications have mainly focussed on whether or not China’s growing presence represents a threat to US interests in the region, but there is no evidence that China is exercising undue political influence in the region as the case studies of Brazil and Venezuela illustrate. There is little systematic evidence concerning the environmental impacts, although the case of soybeans illustrates the potential negative consequences of growing demand from China.

Do Targeted Business Subsidies Improve Income and Reduce Poverty? A Synthetic Control Approach

2019 ◽  
Vol 33 (4) ◽  
pp. 351-375
Author(s):  
Jacob Bundrick ◽  
Weici Yuan
Keyword(s):  
Economic Development ◽  
Local Economy ◽  
County Level ◽  
Synthetic Control ◽  
Policy Makers ◽  
Control Approach ◽  
Incentive Programs ◽  
Subsidy Program ◽  
Capita Personal Income

Interstate competition for economic development has led many states to adopt targeted economic development incentive programs known as deal-closing funds. Deal-closing funds allow state officials to provide discretionary cash grants to select businesses to attract and retain economic development projects. However, whether these targeted business subsidies increase prosperity in the local economy remains unclear. The authors use evidence from Arkansas’s Quick Action Closing Fund to analyze how effective deal-closing funds are at increasing incomes and decreasing poverty. Specifically, the causal effects of the Quick Action Closing Fund on Arkansas’s county-level per capita personal income and poverty rates are estimated using a synthetic control approach. The results largely suggest that the business subsidy program fails to increase incomes and lower poverty rates over the long term, at least at the county level. These findings should serve as a caution to policy makers who wish to improve incomes and poverty rates with targeted business subsidies.

scholarly journals SolarView: Georgia Solar Adoption in Context

Data ◽  
2018 ◽  
Vol 3 (4) ◽  
pp. 61
Author(s):  
Jacqueline Tidwell ◽  
Abraham Tidwell ◽  
Steffan Nelson ◽  
Marcus Hill
Keyword(s):  
Census Data ◽  
Local Level ◽  
National Policy ◽  
Ecological Factors ◽  
Energy Transition ◽  
County Level ◽  
Solar Pv ◽  
Multiple Sources ◽  
Policy Goals ◽  
Transition Issues

The local-national gap is a problem currently plaguing the adoption of emerging technologies targeted at resolving energy transition issues that are characterized by disparities in the adoption of innovations and policies on a local level in response to national policy implementation. These disparities reflect a complex system of technical, economic, social, political, and ecological factors linked to the perceptions held by communities and how they see energy development and national/global policy goals. This dataset is an attempt to bridge the local-national gap regarding solar PV adoption in the State of Georgia (U.S.) by aggregating variables from seven different publicly-available sources. The objective of this activity was to design a resource that would help researchers interested in the context underlying solar adoption on the local scale of governance (e.g., the county level). The SolarView database includes information necessary for informing policy-making activities such as solar installation information, a historical county zip code directory, county-level census data, housing value indexes, renewable energy incentive totals, PV rooftop suitability percentages, and utility rates. As this is a database from multiple sources, incomplete data entries are noted.

scholarly journals Cooperatives and Agriculture in Buddhism

2018 ◽  
Vol 1 (2) ◽  
pp. 169-177 ◽  
Author(s):  
Kiran Shrestha
Keyword(s):  
Economic Development ◽  
Literature Review ◽  
Market Competition ◽  
Current Situation ◽  
Dark Side ◽  
Negative Consequences ◽  
Economic Depression

Modern liberal economics is against the Buddhists economics. Unhealthy market competition, greed of money, top most professionalisms and economic depression and recessions are the dark side but reality of modern liberal economics. To avoid such negative consequences from livelihood, right livelihood, from a philosophy of noble eightfold path, Buddhists Economics will be a new dimension of new economic development. To check the current situation of Buddhists Economics in Nepalese Cooperatives and Agriculture a small literature review was conducted. From this review above specified hypothesis over the drawbacks of contemporary liberal economics have serious hegemony over small Nepalese Economy. Buddhists scholars must be able to impose the philosophy of Buddhists Economics in day to day life of people linked with business, production, cooperatives and agriculture.

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