state tbed

This sixth annual action plan presents the Council’s recommendations for action for the coming year, including the strategies for accomplishing them. To become “a top ten state,” Louisiana must improve its economy’s capacity to generate wealth and create good jobs, the report states.

This report is an update to the 2002 report, "Commonwealth of Virginia Strategic Plan for Technology" that set out bold transformational initiatives covering eight topic areas. The first four of these initiatives are now under the purview of the CIO of the Commonwealth, Lemuel C. Stewart, Jr., and the Information Technology Investment Board.

Using the taxonomy by Anselin (2003), this paper investigates how the inclusion of spatially discounted variables on the ‘right-hand-side’ in empirical spatial models affects the extent of spatial autocorrelation. The basic proposition is that the inclusion of inputs external to the spatial observation in question as a separate variable reveals spatial dependence via the parameter estimate.

The authors follow the new growth theory and develop and compare indicators for the educational and R&D systems of the U.S. and Germany.

The authors follow the new growth theory and develop and compare indicators for the educational and R&D systems of the U.S. and Germany.

The study compares the New Century Region (NCR) of Southwest Virginia to six similar regions and finds that NCR lags behind in economic growth. According to the Center, the next steps will be to research the underlying causes.

Using data on OECD countries from 1980-2000, the paper uses spatial econometric techniques to examine the spatial correlation between foreign direct investment to alternative (neighboring) regions.

The authors propose a new approach to international comparisons of real GDP measured from the output-side. On the basis of a set of domestic final output, import and export prices and values for 14 European countries and the U.S., it is shown that differences between real GDP measured from the expenditure and output-side can be substantial, especially for small open economies.

The paper presents an equilibrium model of commodity spot and futures prices for a commodity whose primary use is as an input to production, such as oil. Empirical evidence suggests that commodity prices behave differently than standard financial asset prices. The evidence also suggests that there are marked differences across types of commodity prices.

The paper examines whether financial development boosts the growth of small firms more than large firms and hence provides information on the mechanisms through which financial development fosters aggregate economic growth. Using cross-industry, cross-country data, the results indicate that financial development exerts a disproportionately large effect on the growth of industries that are technologically more dependent on small firms.