Tag: R11

USING ENTERPRISE ZONES TO ATTRACT THE CREATIVE CLASS: SOME THEORETICAL ISSUES

Amitrajeet A. BATABYAL

Arthur J. Gosnell Professor of Economics, Department of Economics, Rochester Institute of Technology, Rochester, NY 14623-5604, USA

aabgsh@rit.edu

Seung Jick YOO

Associate Professor, Sookmyung Women’s University, Seoul, Republic of Korea

sjyoo@sookmyung.ac.kr

Corresponding Author

Abstract

We study decision-making by a regional authority (RA) that uses enterprise zones to attract members of the creative class—referred to as entrepreneurs—to its region. The enterprise zones provide a local public good (LPG)  to entrepreneurs who become members. First, we compute the utility maximizing number of entrepreneurs  to attract and the optimal provision level of the LPG. Second, if the LPG  is chosen optimally, then, given  we determine an expression for the utility of an entrepreneur. Third, we calculate how much an entrepreneur would be willing to pay to become a member of an enterprise zone and then discuss the potential existence of an efficient and revenue-neutral equilibrium. Finally, we comment on some theoretical difficulties stemming from the twin facts that the number of enterprise zones created and the number of entrepreneurs attracted to these zones have to be integers.

Keywords: Creative Class, Enterprise Zone, Entrepreneur, Local Public Good, Membership

JEL classification: R11, R58

 pp. 13-19

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THE COMPLEX RELATIONSHIP BETWEEN AIR TRANSPORT INFRASTRUCTURE AND REGIONAL DEVELOPMENT. AN EMPIRICAL INQUIRY

Daniela- Luminița CONSTANTIN

Professor at the Department of Administration and Public Management, The Bucharest University of Economic Studies; Bucharest; Romania

danielaconstantin_2005@yahoo.com

Ana-Maria MARCU

Reseαrcher, Administration and Public Management, Faculty of Administration and Public Management, The Bucharest University of Economic Studies; Bucharest; Romania

marcuana19@stud.ase.ro

Abstract

Nowadays the development of the air transport infrastructure is acknowledged as an important driver of regional development, while the economic development processes impact the demand and volume of air transport as well. This paper investigates the complex relationship between air transport infrastructure and regional development proposing an empirical analysis for the case of Romania, whose relevance is supported by her unprecedented dynamism in the general European framework at the same time with the tendency of reducing regional disparities, the balanced geographical distribution of the airport network, and the country’s geo-strategical position in the new international force field. By applying an in-depth analysis which combines the examination of strategic documents with the interpretation of statistical data and semi-structured interviews, relevant findings are provided with regard to the significance of air transport infrastructure in a context described by diversity of regional development levels, accompanied by insights into the policy-making framework, with emphasis on the requirements to be met for proper responses to the need to reinforce the air transport sector and to integrate the national vision with the specific regional development aspects.

Keywords: air transport infrastructure, regional disparities, place-based approaches, resilience, integration

JEL classification: R11, R19, R42, R58

 pp. 61-80

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MEASUREMENT APPROACHES OF REGIONAL ECONOMIC RESILIENCE: A LITERATURE REVIEW

George J. XANTHOS

Hellenic Mediterranean University, Crete, Greece

xanthosg@hmu.gr‎

ORCID ID: 0009-0004-7250-3296

Evangelos N. DULUFAKIS

Hellenic Mediterranean University, Crete, Greece

ddk167@edu.hmu.gr

ORCID ID: 0009-0009-9258-5379

(corresponding)

Abstract

In this article, we review the different methodological approaches of measuring regional economic resilience conducting a literature review. Methodological approaches to measure resilience range from the use of descriptive, interpretative, or simple regression models to sophisticated statically econometric models.

Given these premises, the present research, provides insights of the regional and spatial economics in relation to resilience measurement and estimation methods and enriches the knowledge of the measurement methodological context and applications from diversified literature sources. Our research focuses on economically derived disturbances or shocks, such as recessions, and the resistance capacity or ability of a regional economy to respond to these shocks. The core results of this article are summed up in one main inference, that the methodological context for measuring regional economic resilience is undefined and basically empirically developed using either resilience indices or statistically based econometric models to assess the resilience of a region.

Keywords: regional economic resilience, conceptual approach, measurement context, economic disturbance, literature review

JEL classification: R11 Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

 pp. 47-59

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