Summer special edition: touring the West

Tourism ; Federal Reserve District, 12th ; Economic conditions - West (U.S.)

Federal grant policies and public sector scrappage decisions

An examination of capital policies in the public and private sector through analysis of the scrappage decisions of local mass-transit providers, showing that the structure of federal grants has a direct impact on scrappage rates that leads to shorter equipment life in the local public sector.Infrastructure (Economics) ; Municipal finance

Capital subsidies and the infrastructure crisis: evidence from the local mass-transit industry

The author examines and summarizes empirical evidence from two recent studies of the mass-transit industry that suggest federal capital subsidies have important effects on infrastructure decisions of state and local governments.Infrastructure (Economics) ; Local transit

Commercial aerospace: risks and prospects

Aerospace industries

Utah bucks the recession

Utah ; Federal Reserve District, 12th

Financial restructuring and regional economic activity

An empirical analysis that links employment changes resulting from the birth, death, expansion, and contraction of various-sized banks with the local economic performance of 217 SMSAs over the 1980-82 and 1984-86 periods. Results suggest that the deaths of midsized banks have a negative, but short-lived, impact on economic activity.Banking market ; Banking structure ; Regional economics

State and local red ink: crisis or opportunity?

An examination of the costs and benefits of cutbacks in federal aid to state and local governments during the 1980s, concluding that less reliance on federal funds may result in long-term benefits.State finance ; Local government

The effect of bank structure and profitability on firm openings

An examination of the effects of price and availability of credit from commercial lending organizations on the start-up rates of new businesses within specific markets, finding that profitable and competitive banking markets are associated with higher rates of firm births.Banking structure ; Industrial location

A Monte Carlo examination of bias tests in mortgage lending

An exploration of the effectiveness of testing procedures in uncovering discrimination by mortgage lenders, reflecting perceived shortcomings in the scope of data provided by the Home Mortgage Disclosure Act, which indicates that the rejection rate for black mortgage applicants is much higher than for whites. The authors find that for plausible levels of bias, the sample size is critical, but that low levels of bias can be difficult to detect even with large sample sizes.Mortgages ; Discrimination in mortgage loans

Can paradise be affordable?

Hawaii ; Housing - Prices