ECONOMIC GROWTH WITH LIMITED AGGLOMERATION ECONOMIES

This study examined how various inputs including employment agglomeration in different industries affected economic growth of Arkansas during 1986-1999. Analysis showed locations that are able to successfully substitute infrastructure, human capital, and amenities, are more likely to see increased incomes.employment agglomeration, input potentials, input utilization, personal income, Community/Rural/Urban Development, Labor and Human Capital,

Analysis of Texas Winery Visitor Spending and GOTEXAN Efforts to Promote Winery Tourism

Swinburne University (Langworthy, Howard, Fiona & Mawson, 2006), agri-tourism is a growing phenomenon in Australia, often most strongly associated with wine regions. Recommendations to improve include creation of tourism regions & cooperatives, cooperation between sectors (CVBs, restaurants), infrastructure development and model development to measurable factors. South African wineries Bruwer, 2003 identified factors that were helpful in developing a wine tourism market of South African wineries. Regarding South Africa wine tourism, areas of winery business that promote tourism include both service provision and destination marketing, development of wine routes forms an integral part of the wine tourism industry, estates sell more wine through the cellar-door and tourism industry needs well-developed infrastructure. To complete this analysis for Texas, an online survey was sent to over 9,000 wine consumers. Preliminary results of this study found that Texas winery travelers spend over $400 per winery visit. Winery tourism outspend typical tourist in Texas with 24% of their spending related to accommodations spending. Wineries involved in promoting tourism visitations have significantly higher sales and winery visitation than those not focusing on tourism as part of the marketing promotions (p<.05). A secondary aspect of this study is to survey Texas wineries and measure their involvement and satisfaction with TDA wine support efforts. The results illustrate that wineries involved in TDA wine promotional programs report higher increases in sales, winery visitations and attribute increases in sales to TDA marketing efforts over those less involved wineries.Texas Wine, TDA Wine Marketing, State Value of Wine Marketing, Wine Tourism, Rural Tourism, Tourism, Agribusiness, Agricultural and Food Policy, Community/Rural/Urban Development, Marketing,

Duopoly Competition in Supermarket Industry: The Case of Seattle-Tacoma Milk Market

The Seattle-Tacoma consumers have been paying higher prices for fresh milk than consumers in other Western states of United States. For instance, the retail price for whole milk averaged $3.27/gallon during the period of April 1999- April 2003 in Seattle-Tacoma, while it did not go beyond$2.86/gallon in most of the large metropolitan areas in Western U.S, during the same period (Carman and Sexton, 2006). In addition, retail prices in Seattle-Tacoma do not respond similarly to farm price increases and decreases. Supermarkets are prompt to pass on to consumers any increase in farm price, while they do not pass or lag behind when farm price decreases. The present study attempts to analyze the pricing conduct of supermarket chains in a duopoly setting using a structural model of consumers and firms behavior. In this paper, we examine the pricing conduct of two supermarket chains using retail supermarket-level data on sales and prices from Seattle-Tacoma market area.Agribusiness, Demand and Price Analysis,

Study of Economic Impacts Derived from 2005 to 2009 Rural Texas Community Events and Factors that Predict Spending?

In this paper, we review the tourism impact from state supported events associated with Texas Rural Economic Development program and in the process of funding measure aspects of events that are found to be related to economic value. The economic values are the result of visitor spending and extrapolated to total event attendance creates economic value. Communities receiving funding were responsible for collecting visitor surveys to measure consumer spending as well as the community completing a survey to record descriptors of the event. The overall program results were that state support represented 14 percent of the total event investment and total event value from visitor spending created approximately $7.50 return for every$1 of state funding. However, this paper focuses on visitor spending and factors that contribute to economic impacts from those activities. The results indicate that there is a high positive correlation (Spearman Rho=.51) between miles traveled and visitor spending. Also found were significant low positive correlations for art events (r=.041) to higher spending while local heritage events had low negative correlations (r=-.038), which identifies lower spending. Visitors recognizing higher spending at events also visited surrounding communities and traveled over 60 miles to attend. Another target results was to measure the value of those traveling over 60 miles to attend, which resulted in recognized spending three-times above those traveling less than 60 miles ($129 versus$326 per person). In the area of advertising, web promotions were the only category related to higher spending values.rural economic impact, tourism value, economic development, tourism, rural tourism, travel spending, community events, tourism events, factors of tourism spending, Agribusiness, Community/Rural/Urban Development,

A 2008-09 Assessment of Texas Department of Agriculture Programs to Support Rural Economic Tourism Events. How Strong Are These Economic Returns?

This paper determines the main forces that contribute to the creation of positive economic returns to the individual communities from TDA's supported rural tourism program and analyzes these economic returns.rural tourism, rural development, economic multiplier, return on investment, Community/Rural/Urban Development,

SOYBEANS QUALITY PRICE DIFFERENTIALS FROM AN ELEVATOR'S PERSPECTIVE

Soybean prices are determined by interaction between various factors. At an elevator, discount prices for unique characteristics can range from 0.02 cents per bushel to 7.71 cents per bushel of soybeans. This variation suggests that producers of soybeans need quality-characteristic specific information concerning soybeans pricing at the market. This study uses a hedonic model to evaluate price differentials associated with soybean quality based on grain elevator data during the 1998 production period. Foreign material, moisture, bean damage, and net weight were found to significantly influence the cash price of soybeans.hedonic, quality, discount, Crop Production/Industries, Demand and Price Analysis,

Analysis of Texas Winery Visitor Spending and GOTEXAN Efforts to Promote Winery Tourism

Swinburne University (Langworthy, Howard, Fiona & Mawson, 2006), agri-tourism is a growing phenomenon in Australia, often most strongly associated with wine regions. Recommendations to improve include creation of tourism regions & cooperatives, cooperation between sectors (CVBs, restaurants), infrastructure development and model development to measurable factors. South African wineries Bruwer, 2003 identified factors that were helpful in developing a wine tourism market of South African wineries. Regarding South Africa wine tourism, areas of winery business that promote tourism include both service provision and destination marketing, development of wine routes forms an integral part of the wine tourism industry, estates sell more wine through the cellar-door and tourism industry needs well-developed infrastructure. To complete this analysis for Texas, an online survey was sent to over 9,000 wine consumers. Preliminary results of this study found that Texas winery travelers spend over $400 per winery visit. Winery tourism outspend typical tourist in Texas with 24% of their spending related to accommodations spending. Wineries involved in promoting tourism visitations have significantly higher sales and winery visitation than those not focusing on tourism as part of the marketing promotions (p<.05). A secondary aspect of this study is to survey Texas wineries and measure their involvement and satisfaction with TDA wine support efforts. The results illustrate that wineries involved in TDA wine promotional programs report higher increases in sales, winery visitations and attribute increases in sales to TDA marketing efforts over those less involved wineries

Duopoly Competition in Supermarket Industry: The Case of Seattle-Tacoma Milk Market

The Seattle-Tacoma consumers have been paying higher prices for fresh milk than consumers in other Western states of United States. For instance, the retail price for whole milk averaged $3.27/gallon during the period of April 1999- April 2003 in Seattle-Tacoma, while it did not go beyond$2.86/gallon in most of the large metropolitan areas in Western U.S, during the same period (Carman and Sexton, 2006). In addition, retail prices in Seattle-Tacoma do not respond similarly to farm price increases and decreases. Supermarkets are prompt to pass on to consumers any increase in farm price, while they do not pass or lag behind when farm price decreases. The present study attempts to analyze the pricing conduct of supermarket chains in a duopoly setting using a structural model of consumers and firms behavior. In this paper, we examine the pricing conduct of two supermarket chains using retail supermarket-level data on sales and prices from Seattle-Tacoma market area

Determinants of Returns in Rural Tourism

The goal of this study, based on data collected through community surveys and visitors’ surveys, is to determine and analyze factors impacting returns from rural tourism. Our first model shows that age of event, median family income, and hired labor have a significant impact on the revenues collected from tourism events. Furthermore, it shows brochures and flyers to be the most effective form of advertisement. The second multivariate regression model proves that traveling greater distances, staying overnight at a hotel, and plans for visiting surrounding areas contribute positively and significantly to higher individual expenditures by tourists