Water Resources and Regional Economic Growth in the United States, 1950-1960

1968 ◽  
Vol 34 (4) ◽  
pp. 477 ◽  
Author(s):  
Charles W. Howe
Keyword(s):  
United States ◽  
Economic Growth ◽  
Water Resources ◽  
The United States ◽  
Regional Economic Growth ◽  
Regional Economic

Domestic Exchange Rates and Regional Economic Growth in the United States, 1899–1908: Evidence from Cointegration Analysis

1998 ◽  
Vol 58 (4) ◽  
pp. 1010-1026 ◽  
Author(s):  
Ronnie J. Phillips ◽  
Harvey Cutler
Keyword(s):  
United States ◽  
Economic Growth ◽  
Exchange Rate ◽  
Exchange Rates ◽  
Federal Reserve ◽  
Growth Rates ◽  
The United States ◽  
Cointegration Analysis ◽  
Regional Economic Growth ◽  
Exchange Rate Fluctuations

This article examines one feature of the pre—Federal Reserve financial system that has not been widely researched: the market for bank drafts (the “domestic exchanges”). Though the exchanges existed for nearly a century, critics argued that exchange rate fluctuations exacerbated financial panics. We find, using cointegration analysis over the period from 1899 to 1908, that differences in growth rates across regions caused predictable movements in rates. We conclude that the exchanges promoted efficiency in the payments system. This supports the view that the private sector might have developed a unified national system had the Fed not abolished the exchanges.

scholarly journals The Drag Effect of Water Resources on China’s Regional Economic Growth: Analysis Based on the Temporal and Spatial Dimensions

Water ◽  
2020 ◽  
Vol 12 (1) ◽  
pp. 266 ◽  
Author(s):  
Yao Zhang ◽  
Wenxin Liu ◽  
Minjuan Zhao
Keyword(s):  
Economic Growth ◽  
Water Resources ◽  
Water Resource ◽  
Resource Constraints ◽  
Strong Dependence ◽  
Sustainable Use ◽  
Regional Economic Growth ◽  
Drag Effect ◽  
Regional Economic ◽  
Effect Of Water

Studying the influencing factors of the drag effect of water resources and its temporal–spatial variation can help governments to solve the problem of water resource constraints on the economic growth of different regions. Based on Romer’s hypothesis, this paper uses panel data to empirically analyze the drag effect of water resources in China’s 31 provinces from 1987 to 2017. The research shows that: (1) Water resources have certain constraints on the economic growth of each region. Regional economic growth has declined by 0.23% (eastern), 0.07% (western), 0.43% (central) and 0.09% (northeastern) annually. (2) In provinces with rapid labor growth, water resources have a greater impact on economic growth. In provinces with low labor growth rates, the drag effect of water resources on economic growth is affected by the capital stock of the region. (3) Through the analysis of the water drag effect in different time periods, this paper finds that in some periods, the government’s mobilization of water resources for the economic growth in some regions will not only promote the transfer of labor between regions, but also cause changes in the regional water resources. According to the results of this paper, the following conclusions can be drawn: (1) It is necessary to vigorously develop water-saving agriculture, improve technical efficiency, and reduce the strong dependence of economic growth on water resources in the provinces which has a strong water drag effect on economic growth; (2) Provinces with moderate water resource constraints should take the lead in deploying strategic emerging industries, and accelerate the development of the tertiary industry; (3) Provinces with weakly water resource restrictions can promote the development of capital-based industries. Not only can the development of the economy be rational, but it can also reduce the economy’s dependence on resources, thereby achieving the sustainable use of water resources and sustainable economic growth.

scholarly journals A Study of Regional Economic Policy Focusing on Three Approaches

2005 ◽  
Vol 20 (1) ◽  
pp. 35-48
Author(s):  
Sam Youl Lee
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
The United States ◽  
Ordinary Least Squares ◽  
Regional Economic Growth ◽  
High Tech ◽  
Regional Economic ◽  
Quality Of Place ◽  
Industrial Mix

Regional economic growth can have a quite different dynamic and logic than national economic growth. This paper empirically investigates whether three major approaches to regional economic development: industrial mix, human capital, and quality of place significantly contribute to the regional economy. This paper tests the hypotheses using ordinary least squares (OLS) based on state-level data from the United States. The OLS results indicated a significant effect of industrial mix on regional economic growth when other factors were controlled for, though significance levels differed depending on the definition of "high-tech industry". The joint hypothesis test on human capital and quality of place showed they were statistically insignificant. The insignificance of the human-capital variables was different from the expectation. This may be caused by the fact that the level of analysis of this study is a state rather than a city, which may dilute the concentration of human capital in major cities. The significance of the industrial mix variables is meaningful because the positive relation between the concentration of high-tech industries and regional economic growth supports regional governments' efforts in Korea to establish or lure more high-tech industries into their regions. However, because the result is sensitive to various definitions of high-tech industries, it needs cautious interpretation.

Import Substitution, Structural Change, and Regional Economic Growth in the United States: The Northeast, 1870–1910

1985 ◽  
Vol 45 (2) ◽  
pp. 319-325 ◽  
Author(s):  
William K. Hutchinson
Keyword(s):  
United States ◽  
Economic Growth ◽  
Regional Growth ◽  
Import Substitution ◽  
National Policy ◽  
The United States ◽  
Regional Economic Growth ◽  
Tariff Protection ◽  
Tariff Rates ◽  
The Relationship

This article uses data on regional output and imports to examine the relationship between imports and regional growth in the Northeast. The tariff rates, both nominal and effective, are considered as evidence of national policy that may have benefited this particular region. The findings are that particular industries do benefit from tariff protection, but their location is due to regional resource advantages.

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