The study examines the impact of local Enterprise Zones (EZs) on commercial and industrial property values. Currently, 43 states have established EZ programs to target development incentives to economically distressed areas. While there is a substantial body of literature analyzing the...

This study estimates the price elasticity of demand for casino gaming. A demand model is estimated with data from a panel of 50 casinos operating in Illinois, Indiana, Iowa, and Missouri between 1991 and 2005. The model isolates the impact of changes in the casino win percentage or price on the...

This study estimates the price elasticity of demand for casino gaming. A demand model is estimated with data from a panel of 50 casinos operating in Illinois, Indiana, Iowa, and Missouri between 1991 and 2005. The model isolates the impact of changes in the casino win percentage or price on the...

Program participation is a necessary but not sufficient condition for the success of housing policies such as mortgage assistance for distressed homeowners. Low rates of take-up of available assistance among eligible homeowners have hampered the potential success of programs such as the U.S....

Despite the growth in research examining direct economic impacts of terrorism, the indirect impact of terrorism on the stability of local economies has generally been overlooked. Using panel data regression models and the most comprehensive open source database on terrorism currently available...

Theoretical and empirical arguments suggest that fear of violence will cause consumers, employees and entrepreneurs to alter their routine activities in areas that experience a surge in violent activity. This paper argues that understanding how businesses respond to violence has important...

Beginning in 1989, the European Union started targeting its Structural Funds business incentives geographically to industrial areas that have been facing above average unemployment and industrial job loss. Although billions of euros have been invested in these Objective 2 areas, very little is...

This paper compares and contrasts the United States federal Empowerment Zone and European Union Objective 2 programs that geographically target economic revitalization incentives. Since 1989, both programs have designated predominately industrial or urban areas as being distressed and worthy of...

I explore the relationship among teacher salaries across Pennsylvania school districts. Using techniques developed in spatial econometrics, I find that the error terms in a salary regression are spatially correlated, suggesting evidence of omitted labor market factors. I also find evidence that...