Does Casino Development Have a Positive Effect on Economic Growth?

This study examines the relationship between casinos and economic growth in the U.S. Using county‐level data on the 48 contiguous states from 2003 to 2012, we estimate the effect of casinos on per capita income growth and job creation. Our research procedures include examining the relationship using level‐to‐level panel data, and 3‐year and 10‐year differenced data. An instrumental variable approach is also considered to account for potential endogeneity of the casino variable. Although, the instruments are both relevant and exogenous, test results found insufficient evidence of endogeneity in our panel data models. In addition, we estimate a spatial error model (SEM) to account for the unobserved spatial characteristics that may affect economic growth in the counties but are not captured by our conventional econometric models. Our results show that casinos had a positive effect on per capita income; casino expansions exerted a small, positive effect on both per capita income growth and job growth. However, the effect of casino expansions on 10‐year per capita income growth dissipated when we controlled for the spatial autocorrelation in our model. Nevertheless, the SEMs results also suggest that casino expansions continued to have a positive effect on the 2003–2012 job growth.     

Experience in Town Planning in Mountainous Regions

According to the practice of urban planning in mountainous regions, based on the experience in decision on small town's development, traffic planning and downtown designing etc, some proposals on general program and concrete rules in town planning were given, hightlighting the distinctive characteristics of town planning in mountainous regions, different from those of city planning.     

The Analysis of Interrelations Between Regional Economic Growth and Savings

The interrelations between the regional economic growth and savings are analyzed by using Johansen cointegration test and Granger causality test based on error correction model. The results show that the economic growing is one of the main factors that raise the amount of saving but don't increase the saving growth rate in all three regions. Also the increase of saving could result in the eastern and weatern region's economic growth to some extent, but it does't affect the central region's economic growth. Therefore, some actions which drive the economic growth have to be taken in order to raise the saving, and the increase of the saving scale have to be controled to improve the regional economic growth.     

Influence of Fiscal Policy on the Growth of Income of Farmer During Economic Transition in China

The influence of fiscal policy on income of farmer is analyzed in terms of theory and studied by real data from 1978 to 2002. The coefficients of effect of state expenditure and revenue on income of farmer are 0. 0296 and -0. 1033 respectively. The fiscal policy have negative influence on income of farmer. Some policies are suggested based on the above analysis.     

Do Minority‐Owned Businesses Face a Spatial Barrier? Measuring Neighborhood‐Level Economic Activity Differences in Philadelphia

This research takes a neighborhood‐level geographic approach to analyzing the issue of minority‐owned business access to economic opportunity. Disparity persists between the considerable number of minority‐owned businesses and their meager impact on economies across the country. Agencies identifying barriers to full economic inclusion for these firms overlook geographic considerations. While the City of Philadelphia allots considerable resources to alleviating this disparity through its municipal set‐aside program, its reports track these efforts mainly by ethnicity. The nonspatial emphasis of the reported data renders invisible neighborhood‐level trends and geographic explanations for the disparity such as associating business size and activity to neighborhood context. Using geographic information systems analysis, this research finds neighborhood‐level geographic inequity in the city contracts awarded to minority‐owned professional services businesses in Philadelphia. The findings suggest that minority‐owned businesses located in certain predominantly minority areas of Philadelphia possibly encounter a geographic disadvantage that limits them from connecting with economic activity. These businesses may face a spatial barrier to full economic inclusion.     

An Empirical Study on the Relationship between Economic Growth and Financial Development

This paper discusses the relationship between financial development and economic growth. Some essential Chinese macroeconomic datum during late twenty years which include Gross Domestic Product (GDP) of the whole economy,state and private sectors,investment in fixed Assets,financial relative rate and real interest rate estimated in a multivariate vector auto regression (VAR) framework. The estimates suggest that financial development boosts GDP growth, and it does not exist in reverse.     

An Estimate on the Casual Relation between Financial Development and Economic Growth

This paper firstly discusses the relationship among money,real interest rate and economic growth of China. Then estimates the causality between financial development and economic growth by Bivariate Granger Casual Relation Test. The conclusion suggests that economic growth stimulate financial development more in China.     

Does Creative Destruction Work for Chinese Regions?

Creative destruction is a key driving force behind industrial development. The continuing process of creative destruction provides an impetus to regional industrial renewal. Our analytical framework emphasizes the ways in which firm exit creates a stimulus for firm entry is complementary to the process of technological change and industrial renewal articulated by Schumpeter who pays attention to how new entrants bring in radical innovation and new products, making incumbents' products and technologies obsolete and forcing them to exit or catch up. Using firm‐level data of China's industries during 1998–2008, this paper seeks to argue that the relationship between firm exit and entry has been constantly shaped by an assemblage of various factors, including not only firm characteristics, but also industrial linkages, and most importantly, national and regional institutional contexts, particularly in the context of China where a triple process of decentralization, globalization, and privatization has resulted in enormous spatial and temporal variations in the economic and institutional landscape.     

High‐Growth Firms in the Southern U.S.: Where is the Growth?

Policymakers across the Southern U.S. have directed considerable attention to regional economic development plans, with mixed results. Questions remain over what types of industries, firms, and/or policies can drive long‐range growth. Over the past two decades, researchers have started to focus on high‐growth firms (HGFs) due to their potential innovation spillovers and job creation prospects, both of which drive further economic development. Employing databases from the Inc. 500, this study explores the dynamics of HGFs within Southern and comparative contexts. The first goal of this paper is to explore Southern HGF activity in comparison with the U.S. at‐large. The second is to examine the geographical characteristics of HGFs within the South, which will include an exploration of locations, industrial mix, and the factors that could encourage HGF development and agglomeration. This paper will also analyze the longer‐term ownership and acquisition patterns of HGFs across the South. Are such firms remaining embedded in the South or moving elsewhere through mergers or acquisitions? The paper concludes with a discussion of the impacts of HGFs on regional economic development and moreover, whether existing policies are conducive to these firms.     

Economic Analysis of the Financial Supporting Policy in the Economic Development Zones

This paper makes an economic analysis of the Financial Supporting Policy to invite outside investments in the Economic Development Zones(EDZs),deduces the formula of the optimal ratio of the quantity of financial support to the local financial income and draws figures of the curve.The EDZs should consider the effectiveness of financial subsidy before they use this policy;technical progress is the precondition of subsidy.The Financial Supporting Policy should first help those industries that can promote local economic growth best get subsidy.Under the conditions of low initial economic level and subsidy combining with other preferred policies,the ratio of financial subsidy should reduce;properly by prolonging the time limit and the EDZs' paying more attention to long-run objection lead to lower subsidy ratio.     

An Empirical Analysis on the Correlation between China''s Stock Market and Economic Growth

The correlation between China stock market and economic growth is always regarded by economic and financial studies. For the time limit of the developing of stock market and the difficulty of data's collection, it is still in studying that the correlation between stock market and economic growth, especially the causation versus regression. By the method of Demirguc - Kunt and Levine,this paper empirically tests the correlation between China's stock market and economic growth on the seasons serial data from 1995 to 2000. The conclusion is that the relationship economic growth between stock market is unilateral.     

Why Do Localities Provide Economic Development Incentives? Geographic Competition,Political Constituencies,and Government Capacity

U.S. states and localities often engage in economic development policies using incentives and abatements for specific firms or industries. Yet, there is very little empirical evidence suggesting that such policies are successful. Why, then, do governments engage in these policies? In order to answer this question, we employ a model that considers not only geographic and economic factors, but also, in a novel application, local political conditions. A unique survey of U.S. county governments forms the basis for our empirical assessment of both traditional economic development policies and new‐wave policies. Using probit, Poisson, negative binomial, and spatial econometric models, we find evidence that the use of incentives is inversely related to local economic conditions. Furthermore, we find Republican counties are more apt to use incentives, though counties dominated by one political party are less likely to use them.     

An Empirical Analysis on the Connection between China''s Stock Market and Economic Growth

The connection between China's Stock Market and Economic Growth is always regarded by economic and finances studies. For the time limit of the developing of stock market and the difficulty of data's collection, it is still in studying that the connection between stock market and economic growth, especially the causation versus regression. By the method of Demirguc - Kunt and Levine,this paper empirically tests the connection between China's stock market and economic growth on the season serial data from 1995 to 2000.The test indicates that there are insignificant between them.     

Evolutionary Economic Geography for OFCs: Do Political Ties to the Onshore Reduce Capital Inflow Volatility?

This paper analyses the structural change in small‐island economies—sometimes labeled offshore financial centers (OFCs)—that have seen wealth‐generating activities through offshore financial services decrease in value since 2008. At the same time, OFCs have come under increasing scrutiny from supranational organizations such Organization for Economic Co‐operation and Development and European Union for perceived unfair tax practices and money laundering activities. Some OFCs have proactively adjusted to this sea change by broadening the economic base through development of new offshore business activities such as e‐gaming, film industry, and niche manufacturing. Most have increased co‐operation with onshore regulatory bodies to promote service and product legitimacy. Econometric analysis explores the assertion that OFCs that do not have a political link to the onshore may be exposed to greater capital inflows volatility than OFCs that have such a link. Case study analysis using the theoretical lens of evolutionary economic geography illustrates that a small OFC is creating spatialities of economic novelty by adapting economic development strategies deployed during the successful development of the center prior to the recent recession. Our findings reveal the importance of political links to the onshore to reduce capital inflow volatility and the importance of local public–private interaction to legitimize post‐recession development.     

Do Administrative Boundaries Matter for Uneven Economic Development? A Case Study of China's Provincial Border Counties

This paper uses China's provincial border counties as samples to explore the role played by administrative boundaries in uneven regional economic development. The results indicate that the gap between provincial border counties and other regions is increasing and that economic diffusion to provincial border counties from developed regions is extremely weak. Moreover, provincial border counties have become economically backward. A regression analysis model that includes certain novel factors that are likely to influence economic growth confirms the significant effects of government intervention and administrative boundaries on economic growth in provincial border counties. This paper concludes that administrative boundaries' effects should be nullified by limiting preferential development policies and implementing policies that instead help provincial border counties engage in sustainable development.     

Growth of Calcium Carbonate Crystal in Gels

Three polymorphs of calcium carbonate(calcite,aragonite and vaterite) were grown by gel method in the present paper.The effects of reactant concentration and inorganic impurity(Na~+) on calcium carbonate crystals were studied.The results show that the different polymorphs can be obtained by altering growth conditions(such as reactant and reactant concentration).Meanwhile,it is found that the crystal growth operates by the advance of step bouches(macrosteps) and the stacking faults are observed by using the Atomic Force Microscope.     

Calibration of Seismic Provisions for RC Frame in Different Earthquake-Intensity Regions in China

With examples of three 6-storey RC frames by using an elasto-plastic dynamic analysis program PL-AFJD of plane frame, developed by the second author of this paper, the frames designed for different earthquake-intensity regions (intensity category 7, 8, 9 respectively) are analyzed nonlinearly under four ground motions at the action of rare earthquake. Three frames strictly conform to the National Standard GBJ10-89 and the dimensions of columns are changed once along the height. The structure designed on intensity category 7 shows a relatively small response, which could be sustained by the structure. Though the hinge formation in columns can not be prevented, the inelastic deformation of columns is not serious, the structure at intensity category 9 exhibits a relative strong response, but the deformation of most columns is within the capacity and the trend to form a soft-storey does not appear. It is the structure at intensity category 8 that shows a severe response. Though the visible soft-storey can not be found, the deformation of some columns is beyond the capacity of inelastic hysteretic deformation under certain inputs, which indicate the possibility of local collapse.The elementary analysis results demonstrate the different effectiveness of seismic provisions for three different earthquake-intensity regions, which may be a reference to the amendment of National Design Standard.