Appropriate Economic Space for Transnational Infrastructural Projects: Gateways, Multimodal Corridors, and Special Economic Zones

This study addresses three questions that arise in Asia when formulating, financing, implementing, and maintaining transnational linkages versus purely domestic connections. Firstly, how is optimal economic space to be defined as a useful starting point? Secondly, how can relevant criteria be developed to define the emerging spatial economy and identify efficient transnational transport networks? Thirdly, what are the main investment opportunities in physical infrastructure that would result in more efficient and effective regional cooperation and integration (making special reference to the potential role of cross-border special economic zones (SEZs) or their equivalents)?asia transnational infrastructure; asia regional cooperation

Maritime Commerce in Greater Philadelphia: Assessing Industry Trends and Growth Opportunities for Delaware River Ports

Maritime Commerce in Greater Philadelphia: Assessing Industry Trends and Growth Opportunities for Delaware River Ports is an evaluation of existing port conditions along the Delaware River and market-driven opportunities for expansion. The report includes an economic impact analysis, Delaware River port descriptions, global trends, and recommended strategies for ports growth. Key findings include:Region-wide port activity generates $69 million in tax revenues for state governments across Greater Philadelphia and more than$11 million in Philadelphia Wage Tax revenues.Each on-site port job supports two jobs from port activity and employee spending. Total regional port-related employment is 12,000+ jobs.Delaware River ports import nearly 1/2 of the nation's cocoa beans, almost 1/3 of the bananas, and a 1/4 of all fruit and nuts.Growing maritime commerce in Greater Philadelphia will require collaboration among Delaware River ports to leverage existing strengths and strategically invest in regional infrastructure improvements

The sustainable development of the European logistics industry: an analytic approach at micro and macroeconomic levels

A large re-structuring process is running in the European logistics market. The main driving forces come from the globalisation of the Economy, encouraged by the decrease of the unit transportation costs and by the contemporaneous upgrading of the labour level costs and the legal environmental costs. So, a good logistics system has become a must for the competition at both micro and macro-economic levels. Given the effectiveness of the single deliveries of goods, the main problem is to increase efficiency of the logistics services. From the micro-economic point of view, the problem consists in minimising the costs of the production processes of goods management services. In Europe, in particular, we are watching a large re-organisation of the logistics enterprises and of their territorial networks to achieve the best scale and scope economies of production. At the macroeconomic level, the problem is to estimate the rate of the logistics services on the GDP. In this paper we investigate the European logistics market transformations both from microeconomics and macroeconomics points of view. Thus, we will analyse the investments of the logistics sector as well as the logistics supply value as a component of GDP and its contribution to the International balance of commerce. Moreover, the infrastructures system quality (railways, roads, telecommunication, ports, airports, etc.) will be considered as a base asset for the reduction of the private costs of service production and as a territorial resource for the sustainable vehicles circulation.

Economic Impacts of GO TO 2040

The economy of the Chicago metropolitan region has reached a critical juncture. On the one hand, Chicagoland is currently a highly successful global region with extraordinary assets and outputs. The region successfully made the transition in the 1980s and 1990s from a primarily industrial to a knowledge and service-based economy. It has high levels of human capital, with strong concentrations in information-sector industries and knowledge-based functional clusters -- a headquarters region with thriving finance, business services, law, IT and emerging bioscience, advanced manufacturing and similar high-growth sectors. It combines multiple deep areas of specialization, providing the resilience that comes from economic diversity. It is home to the abundant quality-of-life amenities that flow from business and household prosperity.On the other hand, beneath this static portrait of our strengths lie disturbing signs of a potential loss of momentum. Trends in the last decade reveal slowing rates, compared to other regions, of growth in productivity and gross metropolitan product. Trends in innovation, new firm creation and employment are comparably lagging. The region also faces emerging challenges with respect to both spatial efficiency and governance.In this context, the Chicago Metropolitan Agency for Planning (CMAP) has just released GO TO 2040, its comprehensive, long-term plan for the Chicago metropolitan area. The plan contains recommendations aimed at shaping a wide range of regional characteristics over the next 30 years, during which time more than 2 million new residents are anticipated. Among the chief goals of GO TO 2040 are increasing the region's long-term economic prosperity, sustaining a high quality of life for the region's current and future residents and making the most effective use of public investments. To this end, the plan addresses a broad scope of interrelated issues which, in aggregate, will shape the long-term physical, economic, institutional and social character of the region.This report by RW Ventures, LLC is an independent assessment of the plan from a purely economic perspective, addressing the impacts that GO TO 2040's recommendations can be expected to have on the future of the regional economy. The assessment begins by describing how implementation of GO TO 2040's recommendations would affect the economic landscape of the region; reviews economic research and practice about the factors that influence regional economic growth; and, given both of these, articulates and illustrates the likely economic impacts that will flow from implementation of the plan. In the course of reviewing the economic implications of the plan, the assessment also provides recommendations of further steps, as the plan is implemented, for increasing its positive impact on economic growth

Latin versus European Power: A Tale of Two Market Reforms

This paper compares electricity market reforms in the European Union with reforms in Chile and Brazil. The paradigm of competitive market structures for the electricity sector, as developed in the economics literature, is outlined: competitive markets in generation and retailing and an independent regulator of the natural monopoly in transmission and generation. We present the institutional framework as well as the development of electricity markets in the European Union, Chile and Brazil and discuss in how far they comply with the textbook paradigm. Considerable differences emerge: While the European Union follows a path of full liberalization, facing, however, great difficulties in achieving unbundling of vertically integrated electricity companies and transnational competition, Chile and Brazil have only partially liberalized their electricity sector, enacting regulation to ensure household consumer protection and security of supply. --

Growing Shopping Malls and Behavior of Urban Shoppers

Shopping malls contribute to business more significantly than traditional markets which were viewed as simple convergence of supply and demand. Shopping malls attract buyers and sellers, and induce customers providing enough time to make choices as well as a recreational means of shopping. However, competition between malls, congestion of markets and traditional shopping centers has led mall developers and management to consider alternative methods to build excitement with customers. This study examines the impact of growing congestion of shopping mall in urban areas on shopping conveniences and shopping behavior. Based on the survey of urban shoppers, the study analyzes the cognitive attributes of the shoppers towards attractiveness of shopping malls and intensity of shopping. The results of the study reveal that ambiance of shopping malls, assortment of stores, sales promotions and comparative economic gains in the mall attract higher customer traffic to the malls.Shopping malls, traditional markets, sales promotion, market ambiance, leisure shopping, recreational services, retailing, market congestion, customer value, consumer behavior

Abstracts : policy research working paper series - numbers 2197 - 2261

This paper contains abstracts of Policy Research Working Paper series Numbers 2197-2261.Environmental Economics&Policies,Economic Theory&Research,Banks&Banking Reform,Health Economics&Finance,Health Monitoring&Evaluation

GDP growth project

Study examines the economic structure and dynamics of the East Midlands and Yorkshire and Humber regions of the UK, using the logic of firm and labour agglomerations and their contribution to GDP as the basis for the analysis

Keystone sector methodology:network analysis comparative study

In this paper, we present some new perspectives on rural regional development strategies. Contradictory goals in macroeconomic policies, such as maximizing growth, efficiency and technological innovation with equity or efficient growth with regional disparities, tend to appear with higher costs to small open economies. A large number of studies are focused on this trade-off, using national and some regional aggregate indicators mostly based on economic flows prices and quantities). However the urbanization process is still concentrated in a few traditionally big cities, which is particularly the case in Portugal. The ‘keystone sector’ methodology we apply here shows that other important flows embedded in small town social networks can provide complementary understanding of such issues. Conclusions about a case study in Portugal, its internal and external relations and the comparison with some US similar studies described in the literature, will highlight and enhance the understanding of this approach to the articulation of development strategies in sparsely populated regions in the E.U.

Keystone sector methodology:a network comparative study

Within neoclassical economic growth approaches there is no fully satisfactory explanation for regional asymmetric growth. More recent extensions of the neoclassical model (new endogenous growth theories) recognise the possible influence of a set of intangible factors, which, nevertheless, do not allow a treatable empirical formalisation. Neo- institutional and evolutionary theories highlight the complex nature of economic growth, recognising the difficulty of non-linear dynamic modelling; however, both theories highlight the influential role played by innovation and technology diffusion processes. Missing from these theories is any appreciation of the social network characteristics of regions and the interaction between social and economic systems in conditioning the growth and development processes. In the present PhD thesis, we take the institutional network in small towns as the unity for analysis where information, money and support flows among them are studied. We apply a social network analysis framework, which allow us to find numerical indicators for the whole network as for each individual institutional role in it. Applying this framework in two case studies (in Portugal and in the USA) we found a set of interesting differences about the institutional mediation roles. While in the US, the private sector leaded by banks plays the keystone sector role, in Portugal, we still have public institutions as the main players. After the identification of the significant variables and attending to the different results in the two studies, we built a testable cross-section model that, controlling for proximity from urban centre, transportation costs, local factor endowments, amenities and so forth, can be tested using a broader database, to correlate town economic performances with the network identified variables. The deep understanding of the relational structure within these small towns makes it possible to quantify a set of crucial intangible variables that, acknowledged in a regional policy design, will contribute to increase its efficiency. Without a complete understanding of these social network structures, it is possible that current EU criteria used to define regions eligible for assistance may be inadequate. At the present time, the criteria for receipt of regional development funds are based on relative (to EU average) per capita levels and do not explore differences in economic potential or the capacity for regions to develop. Part of this capacity is rooted in the social network structure. Further on-going research will contribute to the deepening of neoclassical growth models, complementing considerations that evolutionary economics uses to explain the complexity of modern socio-economic life.Network methodology; regional development