IS NEW YORK CITY STILL PROPELLING GROWTH IN ITS SUBURBS?: A STUDY OF ECONOMIC SPILLOVER EFFECTS THROUGH SPATIAL CONTIGUITY

In this paper I investigate from a strict efficiency perspective whether or not New York City’s suburbs should be helping the city in its economic development efforts. By analyzing metropolitan New York City, I am able to take advantage of the area’s spatial size and the ready availability of a pool of economic data below the metropolitan level (counties). In particular I disaggregate New York City’s economy into three sectors and the suburban geography into three rings and four radial subregions. In the case of the employment equation, national city-based industry variables tended to have expected effects on suburban economic growth when they were significant at all. Greater articulation of the geography of analysis through the inclusion of fixed effects does change the nature of these findings slightly, however. More surprising was a swing in the direction of the influence on suburban economic growth of the City’s nonfinancial nonmanufacturing sector when the analysis was performed using earnings data. This differential effect is rationalized by the City’s ability to retain high-wage service workers who reside in the suburbs

Interregiona;Decomposition of labor productivity differences in China, 1987-1997

The literature on regional disparities in China is both broad and deep. Nonetheless much of its focus has been on the effects of trade liberalization and national policies toward investment in interior provinces. Few pieces have examined whether the disparities might simply be due to differences in industry mix, final demand, or even interregional trade. Using multiregional input-output tables and disaggregated employment data, we decompose change in labor productivity growth for seven regions of China between 1987 and 1997 into five partial effects—changes in value added coefficients, direct labor requirements, aggregate production mix, interregional trade, and final demand. Subsequently we summarize the contributions to labor productivity of the different factors at the regional level. In this way, we present a new perspective for recent causes of China’s interregional disparity in GDP per worker.Decomposition; input-output analysis; productivity; regional disparity; China

Expenditure-based Interarea Cost of Living Index

The main difficulty in comparing the cost-of-living among metropolitan areas is that, at this level, prices of most goods and services are not available. Even when the prices are available, constructing aggregate prices for groups of goods and services comparable across areas, is a difficult task. In this paper we attempt to construct a cost-of-living index for metropolitan areas, using only data on metropolitan-level expenditures. While our method circumvents the two problems mentioned above, it requires two assumptions regarding the level of utility attained across areas, and the effect of demand elasticity on the relationship priceexpenditure.Index; Cost of Living; metropolitan; macrolevel data

Town versus Gown: The Effect of a College on Housing Prices and the Tax Base

This paper investigates whether the presence of college increases house prices and the tax base. Colleges provide cultural and recreational amenities to the surrounding area but lifestyle choices of students may create negative externalities that depress property prices. In addition, colleges are exempt from property taxes. While the property tax exemption reduces the tax base, the amenity value of the college may cause more development on the remaining land. Previous literature considers the impact of a wide range of amenities including open space, however, none try to capture the effect from a college in a given area. We find that the presence of a college is associated with house prices that are about 11 percent higher. However, the interaction of the college dummy and enrollment is also significant and negative. Taken together, the results suggest that small colleges have the largest effect on house prices and the positive effect on house prices disappears once the college enrollment reaches about 12,500 students. We also find that the effect on house prices is stronger for four-year colleges (14 percent higher) and that the source of the differential is the degree to which the college is residential. For the tax base, the story is simpler. The presence of a college is associated with a tax base that is about 24 percent higher. As is the case with house prices, the effect of a four-year college on the tax base is stronger (about 32 percent) than the effect of a community college. However, neither the size of the college nor the degree to which the college is residential has an impact on the tax base.Keywords: tax base, college, local amenities.

Economic Impacts of Planned Transportation Investments in New Jersey

This report demonstrates that New Jersey's plans to invest in transportation infrastructure over the next decade will result in nearly 27,000 full-time jobs per year. It also shows that the state's transportation investments will generate economic impacts in the form of employment, income, gross domestic product, and state and local tax revenues. The report is the result of a joint study conducted by the Heldrich Center and the Center for Urban Policy Research at Rutgers University's Edward J. Bloustein School of Planning and Public Policy

Estimating the Impact of Highways on Average Travel Velocities and Market Size

In this paper we examine the link between additions to highway infrastructure and development of a market area. We do so by first relating highway travel speeds to added highway-mileage and then relating travel speed to the size of the market area. This approach bypasses issues in the public finance literature that derive from estimates of highway infrastructure spending. Also, rather than examining the effects of improved transportation efficiency on enhancements of productivity, this research examines their effect on enhancements in demand for local production. Our thought, which is borne out in the literature, is that industry-level productivity in a metropolitan area may be improved only marginally by lower delivered prices of inputs due to very localized improvements in the freight transportation system. On the other hand, the market for locally produced goods and services will expand somewhat uniformly across industries due to generally improved traffic movements in a metropolitan area. By applying this approach to data from the Texas Transportation Institute, we find a significant but small positive effect of highways and arterials (as opposed to other roadways) on changes in metropolitan urbanized area and metropolitan population change. This suggests that demand for local production may well be enhanced by expansions of highway and principal arterials infrastructure.

The (declining) role of households in sustaining China's economy: Structural path analysis for 1997 - 2007

Current explanations for private consumption's diminished role in China focus on the expansion of exports and investments. Using structural path analysis, we find additional contributing factors. First, growth patterns during 1997-2007 favoured sectors with low production multipliers. Secondly, income multipliers fell in most sectors, especially in fast growing sectors and partly due to urbanization. This means less trickledown from growth to household incomes. Thirdly, households became less important in sustaining domestic production processes. Together, these deep structural changes suggest that enhancing private consumption's role in China will require new (services-oriented) growth patterns and a significant realignment of industry-household linkages

Interregiona;Decomposition of labor productivity differences in China, 1987-1997

The literature on regional disparities in China is both broad and deep. Nonetheless much of its focus has been on the effects of trade liberalization and national policies toward investment in interior provinces. Few pieces have examined whether the disparities might simply be due to differences in industry mix, final demand, or even interregional trade. Using multiregional input-output tables and disaggregated employment data, we decompose change in labor productivity growth for seven regions of China between 1987 and 1997 into five partial effects—changes in value added coefficients, direct labor requirements, aggregate production mix, interregional trade, and final demand. Subsequently we summarize the contributions to labor productivity of the different factors at the regional level. In this way, we present a new perspective for recent causes of China’s interregional disparity in GDP per worker

Interregiona;Decomposition of labor productivity differences in China, 1987-1997

The literature on regional disparities in China is both broad and deep. Nonetheless much of its focus has been on the effects of trade liberalization and national policies toward investment in interior provinces. Few pieces have examined whether the disparities might simply be due to differences in industry mix, final demand, or even interregional trade. Using multiregional input-output tables and disaggregated employment data, we decompose change in labor productivity growth for seven regions of China between 1987 and 1997 into five partial effects—changes in value added coefficients, direct labor requirements, aggregate production mix, interregional trade, and final demand. Subsequently we summarize the contributions to labor productivity of the different factors at the regional level. In this way, we present a new perspective for recent causes of China’s interregional disparity in GDP per worker

Phase 1 dose-escalation study of the antiplacental growth factor monoclonal antibody RO5323441 combined with bevacizumab in patients with recurrent glioblastoma

Background We conducted a phase 1 dose-escalation study of RO5323441, a novel antiplacental growth factor (PlGF) monoclonal antibody, to establish the recommended dose for use with bevacizumab and to investigate the pharmacokinetics, pharmacodynamics, safety/tolerability, and preliminary clinical efficacy of the combination. Methods Twenty-two participants with histologically confirmed glioblastoma in first relapse were treated every 2 weeks with RO5323441 (625 mg, 1250 mg, or 2500 mg) plus bevacizumab (10 mg/kg). A standard 3 + 3 dose-escalation trial design was used. Results RO5323441 combined with bevacizumab was generally well tolerated, and the maximum tolerated dose was not reached. Two participants experienced dose-limiting toxicities (grade 3 meningitis associated with spinal fluid leak [1250 mg] and grade 3 cerebral infarction [2500 mg]). Common adverse events included hypertension (14 participants, 64%), headache (12 participants, 55%), dysphonia (11 participants, 50%) and fatigue (6 participants, 27%). The pharmacokinetics of RO5323441 were linear, over-the-dose range, and bevacizumab exposure was unaffected by RO5323441 coadministration. Modulation of plasmatic angiogenic proteins, with increases in VEGFA and decreases in FLT4, was observed. Dynamic contrast-enhanced/diffusion-weighted MRI revealed large decreases in vascular parameters that were maintained through the dosing period. Combination therapy achieved an overall response rate of 22.7%, including one complete response, and median progression-free and overall survival of 3.5 and 8.5 months, respectively. Conclusion The toxicity profile of RO5323441 plus bevacizumab was acceptable and manageable. The observed clinical activity of the combination does not appear to improve on that obtained with single-agent bevacizumab in patients with recurrent glioblastom