This study examines the fiscal impact the Ballpark in Arlington has on the City of Arlington. Many individuals argue that the new Ballpark in Arlington would create numerous new jobs and bring added economic development to the city, thus increasing tax revenues. An interrupted time-series approach was used to determine whether or not the new ballpark has a measurable impact on retail sales tax receipts in the City of Arlington. Based on sales tax rebate data obtains from the Texas Comptroller's Office, the study found no significant increase in sales tax receipts for Arlington during the baseball season. However, this is not to say that the Ballpark in Arlington has no impact on total local economic activity. These findings do call into question, as other studies have, the relative fiscal value of publicly-sponsored professional sports venues.
This thesis examines China's state-owned enterprise reform and financial reform in the last two decades. I characterize the progress of China's state-owned enterprises reform in two areas: privatization of small SOEs and mass layoffs. I argue that privatization rests on the political economy of China. I also discuss the evolution of the financial system and come up with some strategies of financial liberalization in China. Result from this study suggests that if the necessary reforms of the financial sector and state enterprises are effectively carried out, inevitably this will lead to a significantly slower rate of growth for a period of time. However, these reforms will provide the basis for a period of sustained growth in the long run.
The 1990s were characterized by severe turbulence in the global economy. Economic and financial crises occurred in Latin America, Middle and Eastern Europe and Asia. This analysis distinguishes between the two socioeconomic criteria "transitional" and "emerging" region. Transitional countries are former centrally planned socialist economies and emerging countries former agricultural-oriented classical developing economies with mostly a history of military or some other kind of autocratic dictatorship. The resources for the analysis are data sets regarding investment, exchange rate behavior, government finance, international liabilities of monetary authorities and inflation. The study reveals macroeconomic patterns associated with economic development in each socioeconomic region. It is shown that similar patterns are responsible for successful and non-successful performance in each region. A comparison of different regions shows many parallels between emerging economies, but only little similarity between transitional economies.
This paper evaluated the effects of selected demographic characteristics and services received on obtaining unsubsidized employment by Job Training Partnership Act Program participants in the states of Arkansas, Louisiana, New Mexico, and Oklahoma in 1996 and 1997. The data used for this paper are from Title II A (Disadvantaged Adults) individualized records. Six variables were statistically significant across all four states. These variables were cash welfare benefits, high school grade completed, occupational classroom training with a goal, on-the-job training with a goal, work experience training with a goal, and the real three-year growth rate in retail/wholesale trade employment. included demographic characteristics, as well as service interventions.
The purpose of this research project is to examine the educational and job-training opportunities offered in the Lower Rio Grande Valley, and how the skills acquired from these programs assimilate with the job opportunities available in the area. Specifically, we will look at the counties of Cameron, Hidalgo, Starr, and Willacy. The central hypothesis of this project is that the Rio Grande Valley in its efforts for a more highly trained workforce may actually be enabling its workforce to seek better employment opportunities in other areas.
The Mercado de Fort Worth is a commercial area located between downtown Fort Worth and the "stockyards" entertainment district in a Hispanic neighborhood. Many of the buildings are vacant and in need of renovation. To promote area development, the City of Fort Worth has encouraged property owners to create a market area of Mexican-theme restaurants and shops. Property owners have expressed concern about potential returns on renovation investments. This study provides property owners with information regarding several similar projects across the country. The report finds that basic economic and site location principles are the main determinants of project success. The report also reviews local business training and assistance resources. Finally, the report provides information regarding "historic" building designations and associated tax incentives available to property owners
In 1993, 38.9 million people were covered by a 401(k) plan, up from 7.1 million in 1983. The rapid growth of 401(k) and other defined contribution pension plans may alter retirement patterns of older workers. Previous research showed that the spread of defined benefit plans, with sharp age-related incentives first discouraging and later encouraging retirement, contributed to the early retirement trend of past decades. Defined contribution plans differ along several dimensions, especially in their smooth rate of pension wealth accrual. Data from the Health and Retirement Study show that retirement patterns have begun to change as defined contribution plans have spread. Estimates indicate that the financial incentives in defined benefit pensions lead people to retire almost two years earlier, compared to people with defined contribution plans.
Currently, there are more than 30 million refugees and internally displaced people in the world. Since the 1970s, after the Vietnam War, international organizations and many countries have supported refugees financially, however, they all have different definitions for a refugee. Refugees who desire peace or freedom and resettle in new countries have had remarkable economic, social, and educational achievement, especially Indochinese people in the US. However, refugees who flee from conflicts have often faced new conflicts in their host society. Both refugees and the host countries experience economic and social burden, however, refugees struggle and try to escape from their economic dependency from the local government. If refugee achievements continue, they could exceed the US educational and social norm in the future.
This study proposes a method for measuring the regional economic impact of a relatively new sport: stock car racing. Although research on the economic impact of most major league sports is abundant, little has been written on stock car racing. The purpose of this paper is to estimate, through a simulation, the regional economic impact of Texas Motor Speedway. The study finds that the Texas Motor Speedway boosted economic activity by $87,179,367 in 1998 from racetrack operations, and supported 5,300 jobs paying $22,293,135 in earnings. In addition, expenditures by speedway visitor from outside the region are estimated at $22,985,200, further increasing the total local economic activity by $49 million.
California legislated the restructuring of its electric power industry in 1996. Deregulation was successful until 2000 when crisis, caused by a number of outside forces and flawed legislation, sent wholesale electric prices skyrocketing. Restructuring of the electricity sector in Texas occurred in two phases. The first phase began in 1995, when wholesale markets were opened to competition; the second phase began June 18, 1997, when the 1999 Texas Electric Choice Act, was signed into law. Deregulation has largely been successful in Texas. This analysis examines the legislation of these states and how they differed, setting the stage for one unsuccessful and one successful move to retail competition in the electricity industry.
The purpose of this study is to examine housing construction trends in the Denton Independent School District area for the next 5 years estimating impacts on the resulting school district enrollments. Combining enrollment data obtained from the DISD and housing data from the Denton County Appraisal District, it is possible to calculate enrollment multipliers for elementary, middle, and high school students based on predefined categories of single family home values. The study suggests that enrollment multipliers currently used by the DISD over estimate the number of students coming from new single family residences, especially at the elementary school level. Using data from real estate agents, builders, developers, and permitting boards, a map is created showing areas of the DISD that will likely see the largest gains in school-age children during the next 2 to 5 years.
Competition to lure corporations has become an enormous issue between states. Smaller communities feel unable to participate in economic development opportunities since their budgets do not provide the necessary funding. In 1979, the Texas state legislature passed the Development Corporation Act in an attempt to aid the smaller communities' quest for economic development. The Act allowed for the creation of local development corporations; however, it did not provide a sufficient funding source to assist the corporations. Therefore two local sales options were established. This paper reports the findings of an analysis of per capita income and employment changes after the adoption of an economic development sales tax. The analysis showed no statistically significant impacts on cities adopting an economic development sales tax when compared with non-adopting cities.