NEW POLICY PARADIGMS FOR KOREAN FISHERIES' TRANSITION TO RESPONSIBLE PRACTICES

Resource /Energy Economics and Policy,

Public Expenditure and Poverty Reduction in the Southern United States

The objective of this research was to analyze the effects of education, health and hospital, parks and recreation, and public welfare expenditures on poverty, focusing particularly on how these relationships change over space and time. Government expenditure on parks and recreation has been the single most effective government expenditure category over time, although the marginal effects of the government expenditure on poverty alleviation have weakened over time. Clusters of the highest marginal effects of government expenditures on poverty reduction were identified for each time period using geographically weighted regression (GWR) and analysis of local indicators of spatial association (LISA)government expenditure, GWR, poverty, southern United States, Community/Rural/Urban Development,

Economic Optimization of Groundwater Resources in the Texas Panhandle

Replaced with revised version of paper 05/04/06.Economic Optimization, Groundwater Resources, Input Efficiency, Irrigated Agriculture, Southern Ogallala Aquifer, Texas Panhandle, Resource /Energy Economics and Policy,

Negative Externalities on Property Values Resulting from Water Impairment: The Case of the Pigeon River Watershed

The following hypothesis was tested: Willingness to bear a negative water impairment externality differs between those who do and those who do not receive economic benefit from the impairment source, e.g., a paper mill. The hypothesis was tested using a hedonic analysis of ambient water quality in two discrete housing markets in the Pigeon River Watershed, which have been polluted by the operation of a paper mill. The results suggest that North Carolina residents of the subwatersheds with impaired river, who experience economic benefits from the paper mill in addition to harmful effects, do perceive the pollution as a negative externality, whereas they may have a willingness to bear a similar type of negative externality associated with impaired streams. In contrast, the effects of both degraded river and streams on property values is perceived as a negative externality by residents in the Tennessee side, who experience only harmful effects from the pollution. North Carolina residents may hold greater willingness to bear the harmful effects of pollution as a given condition in their decision-making process because they receive economic benefits from the paper mill, while this internalization of the negative externality is weaker for residents in the Tennessee side.negative Externalities, water quality, spatial hedonic model, Environmental Economics and Policy,

Measuring the Effects of a Land Value Tax on Land Development

The objective of this research is to evaluate a land value tax as a potential policy tool to moderate sprawling development in Nashville, TN, the nation’s most sprawling metropolitan community with a population of one million or more. To achieve this objective, the hypothesis is empirically tested that a land value tax encourages more development closer to preexisting development than farther from preexisting development. Specifically, the marginal effects of a land value tax on the probability of land development is hypothesized to be greater in areas around preexisting development than in areas more distant from preexisting development. The findings show that the marginal effects of a land value tax on the probability of developing parcels that neighbored previously developed parcels was greater than the probability of developing parcels that did not neighbor previously developed parcels. This finding suggests that land value taxation could be used to design compact development strategies that address sprawling development.Land value tax, Land development model, Urban sprawl, Land Economics/Use, Community/Rural/Urban Development,