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Importance of Scale Economies and Geographic Diversification in Community Bank Mergers

The paper simulates the mergers of community banks both within and across economic market areas by combining their call report data. The authors find that idiosyncratic risk reduction dominates local market risk reduction. In other words, a typical community bank can diversify away its idiosyncratic risk almost as completely by merging with a bank across the street as it can by merging with one located across the country.

What Happens When the Technology Growth Trend Changes?: Transition Dynamics, Capital Growth and the "New Economy"

The paper considers the transition dynamics associated with the rapid increase in U.S. economic growth during the late 1990s, which inspired speculation that an acceleration in the rate of technological progress had given rise to an increase in potential output growth.

State Competitiveness Report 2001

Defining “competitiveness” as the ability to ensure and sustain a high level of per capita income and its continued growth, the authors combined more than three dozen variables into nine sub indexes, each of which represents an element of competitiveness. The authors then combined the nine sub indexes into an “overall index” and ranked the states according to their overall competitiveness in order to examine all aspects of a states economy.

Dynamics of Technology-based Economic Development: State Science & Technology Indicators, 2nd Edition

The second edition of the report is designed to help policy makers and regional leaders better understand the factors influencing economic outcomes at the state and local level. The first half of the report provides data on a metric-by-metric basis for all states, while the second provides state profiles.

Key Drivers of Foreign Firms Locational Choice: Knowledge Nodes, Cross-Cultural Differences and Investment Motivation

The paper identifies the sectors of finance, services and retail/wholesale as key global “knowledge nodes” for New York City. Findings indicate that firms from culturally distance countries that pursued “asset augmenting” behaviors located closer to establish New York City knowledge nodes, than firms from culturally similar countries that pursued asset exploiting behaviors.

Assessing a States Readiness for Global Electronic Commerce: Lessons from the Ohio Experience

The report outlines the methodology, process and tools developed for assessment of a states readiness and capability for e-commerce. The report also focuses on four outcomes: identify gaps in infrastructure and utilization of technology; develop action agendas aimed at improvements in Ohios digital economy; analyze regional strengths and weaknesses; and gauge progress in meeting e-commerce readiness goals.