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Thursday, November 19, 2020 | History

7 edition of Effects of changing federal policies on regional economic growth found in the catalog.

Effects of changing federal policies on regional economic growth

hearing before the Committee on Commerce, Science, and Transportation, United States Senate, One Hundred Third Congress, first session, April 16, 1993.

by United States. Congress. Senate. Committee on Commerce, Science, and Transportation.

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  • 40 Currently reading

Published by U.S. G.P.O., For sale by the U.S. G.P.O., Supt. of Docs., Congressional Sales Office in Washington .
Written in English

    Places:
  • Hampton Roads (Va.),
  • Virginia,
  • Hampton Roads.,
  • Hampton Roads
    • Subjects:
    • Economic conversion -- Virginia -- Hampton Roads,
    • Defense industries -- Virginia -- Hampton Roads -- Employees,
    • Hampton Roads (Va.) -- Economic conditions

    • Edition Notes

      SeriesS. hrg. ;, 103-69
      Classifications
      LC ClassificationsKF26 .C69 1993
      The Physical Object
      Paginationiii, 74 p. :
      Number of Pages74
      ID Numbers
      Open LibraryOL1151276M
      ISBN 100160409519
      LC Control Number94125454
      OCLC/WorldCa28442294


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Effects of changing federal policies on regional economic growth by United States. Congress. Senate. Committee on Commerce, Science, and Transportation. Download PDF EPUB FB2

Get this from a library. Effects of changing federal policies on regional economic growth: hearing before the Committee on Commerce, Science, and Transportation, United States Senate, One Hundred Third Congress, first session, Ap [United States.

Congress. Senate. Committee on Commerce, Science, and Transportation.]. Indeed, the magnitude of the effects will depend on policy responses. The remainder of my talk will discuss some of the ways these changing demographics could influence the U.S. economy, in particular, labor markets and economic growth.

Then I will turn to considerations for monetary, fiscal, and other government by: 1. Human development, in turn, has important effects on economic growth. If a central element of economic growth is allowing agents to discover and develop their comparative advantage, an increase in the capabilities and functionings available to individuals should allow more of them to pursue occupations in which they are most productive.

READ THE REPORT. Executive Summary. Growth in US oil production has created substantial economic and energy security benefits for the nation.

Over the course of a decade, new oil production has virtually eliminated the US trade deficit in petroleum and, inthe Congressional Budget Office projects that US GDP will be % higher than it would have been without shale development.

Economic growth is an increase in the production of goods and services over a specific period. To be most accurate, the measurement must remove the effects of inflation.

Economic growth creates more profit for businesses. As a result, stock prices rise. That gives companies capital to invest and hire more employees. Smart Growth Fixes for Climate Adaptation and Resilience: Changing Land Use and Building Codes and Policies to Prepare for Climate Change (): Guide that describes specific changes communities could make to their land use and building policies to prepare for climate change while gaining other environmental, economic, health, and social benefits in the short and long terms.

The regulatory restrictions that accompany this balance sheet growth may constrain the firms' ability to continue to serve as financial intermediaries and to provide credit to households and businesses.

The change to the supplementary leverage ratio will mitigate the effects of those restrictions and better enable firms to support the economy.

The relationship between population growth and growth of economic output has been studied extensively (Heady & Hodge, ).Many analysts believe that economic growth in high-income countries is likely to be relatively slow in coming years in part because population growth in these countries is predicted to slow considerably (Baker, Delong, & Krugman, ).

GDP, Labor Force Participation and Economic Growth. Monday, August 6, One way to account for the effects of a changing labor force on output is to express real GDP in terms of the labor force, as shown in the figure below. Economic Growth since the Great Recession.

TRB’s National Cooperative Freight Research Program (NCFRP) Report 6: Impacts of Public Policy on the Freight Transportation System describes the numerous ways that government policy decisions can affect the freight system and, in turn, how understanding the differing concerns and priorities of governments is crucial to better consideration of the potential impacts of public policy.

* The available evidence suggests that immigration leads to more innovation, a better educated workforce, greater occupational specialization, better matching of skills with jobs, and higher overall economic productivity. * Immigration also has a net Author: Wharton PPI.

This report was prepared at the Federal Reserve Bank of Boston based on information collected on or before April 6, This document summarizes comments received from contacts outside the Federal Reserve System and is not a commentary on the views of Federal Reserve officials.

1 Adam Smith, An Inquiry Into the Nature and Causes of The Wealth of Nations, Book I, Chapter XI, March 9, 2 There are limits on total retail deposits held by a bank but new source of funds using repurchase agreements has moderated the effects these limits have on bank size or influence.

3 Berger, Allen N., Anthony Saunders, Joseph M. Saline, and Gregory F. Dell. Each of these policies, if carefully implemented, has the potential to lift working families out of poverty, support greater economic mobility and/or reduce the growth of inequality.

All of these policies could be enacted at the local, state and federal levels if there is political will. Increases in the economic uncertainty index tend to be associated with declines (or slower growth) in real GDP and in real business fixed investment.6 This can be inferred from Figure 2 because the BBD measure of economic uncertainty rises sharply immediately before and during recessions, and then drifts back to lower levels after the recession Author: Kevin L.

Kliesen. But the book also stresses that policies need to adapt constantly to a changing economic landscape to ensure continued prosperity. It shows that a well-designed package—comprising fiscal, structural, and financial reforms—could boost annual growth by 1 percentage point—to percent in the medium-term.

The ASEAN Way. Regional growth is expected to rise to % inas growth in the largest economies strengthens and domestic demand picks up at the regional level. In Brazil, more robust investor confidence, together with a gradual easing of lending and labor market conditions, is expected to support an acceleration in.

Orrenius is a labor economist working on regional economic growth and demographic change. She manages the regional and microeconomics group in the Dallas Fed Research Department, is executive editor of the quarterly publication Southwest Economy and co-edited Ten Gallon Economy: Sizing up Economic Growth in Texas (, Palgrave MacMillan).

Her academic research focuses on the labor. Electricity in Economic Growth. Washington, DC: The National Academies Press. doi: / These points suggest that federal and state policies that promote lowering the real costs of electricity supply and use, through research and development and through more efficient pricing by regulatory authorities, will benefit productivity.

cultural, political, and economic phenomena using data from South Korea. Unlike international borders and intra-national borders in a federal state, this thesis suggests borders in a unitary nation have less economic effects, but more cultural and political effects. Economist Timothy Bartik details the need for place-based policy to combat regional inequality and help distressed places—strategies outlined in his new book.

Summary: Measuring taxation and government spending as a proportion of national income is beset with difficulties. However, it is clear that there has been a strong upward trend in taxation and government spending as a proportion of national income in the developed countries over the last years.

At the beginning of World War I, Continue reading "Taxation, Government Spending and. Interdependence: Interdependence between nations can cause regional or global instabilities if local economic fluctuations end up impacting a large number of countries relying on them.; National Sovereignty: Some see the rise of nation-states, multinational or global firms, and other international organizations as a threat to tely, this could cause some leaders to.

This brochure provides new data on the economic and social benefits of air transport – including its valuable contribution to job creation and Gross Domestic Product (GDP). It also supplies, for the first time, regional economic data for Africa, Asia-Pacific, Europe, the Middle East, Latin America & the Caribbean and North America.

India's government has recently acknowledged that its growth has been constrained by low levels of infrastructure development, and it is now looking to catch up with China. India's finance minister estimates that the country's inadequate infrastructure has restricted economic growth by to 2 percent per year.

With the Economic Action Plan (in addition to limited additional initiatives in the budget) and the effects of the automatic stabilizers, the federal government appropriately generated additional fiscal stimulus of percent of GDP in and percent of GDP inat a time when the economy was in large excess supply.

Pillar #1: Promoting Economic Growth and National Leadership. The first is that policy should promote economic growth and national leadership. A seminal legacy issue is that our current networks each grew up in different environments. Those different histories affect how these networks plug into the new future, including the role of government.

Chief U.S. Economist at IHS Global Insight, responsible for overseeing IHS’s macroeconomic forecasts and analyses of the U.S. economy. His expertise includes short-term and long-term economic outlooks, government economic policies, the Federal Reserve, monetary.

Economic Evidence on the Effects. of the Indian Gaming Regulatory Act on Indians and Non-Indians. Katherine Spilde, Ph.D. Jonathan B. Taylor. Introduction. The history of United States policy displays a pattern of great swings between. the federal government’s support for.

Globalization Institute. The Federal Reserve Bank of Dallas established the Globalization Institute in for the purpose of better understanding how the process of deepening economic integration between the countries of the world, or globalization, alters the environment in.

Nevertheless, to offset the negative effects of using U.S. dollars, Ecuador should enact policies that maintain macroeconomic stability, such as setting up a rainy day fund for economic downturns, and promote regional trade and integration to boost its exports within the region.

By Sam Wang, Research Associate at the Council on Hemispheric Affairs. this line, IMF argues that policies that promote equity have the ability to reduce poverty because when income and wealth are more evenly distributed, the number of people below the poverty line decreases.

Furthermore, equity-enhancing policies, particularly investment in human capital, can boost economic growth in the long run and thusFile Size: KB. This asymmetry illustrates that economic growth by itself won’t resolve the problem of chronic malnutrition, which is a key variable in any food security strategy.

Second, we know that economic growth can have negative effects, too. For example, a 10 percent increase in economic growth is correlated with a 7 percent increase in obesity among. organization, is dedicated to advancing policies to achieve economic and social equity based on the wisdom, voice and experience of local constituencies.

Since our founding infew, if any,File Size: KB. Other MPOs had similar goals of reducing transportation use, but without specific reference to VMT. For example, the North Jersey Transportation Planning Authority in its PlanThe Regional Transportation Plan for Northern New Jersey, stated that, "Transportation investments should encourage economic growth while protecting the environment and minimizing sprawl in accordance with the.

Economic Growth. From the perspectives of the Fed’s goals of maximum employment and price stability, the U.S. economy is doing very well. Growth has been running above trend for the past couple of years, inflation has moved up to the FOMC’s 2 percent target, and labor markets are very : Loretta J.

Mester. Economic growth can be defined as the increase in the inflation-adjusted market value of the goods and services produced by an economy over time.

It is conventionally measured as the percent rate of increase in real gross domestic product, or real GDP. Growth is usually calculated in real terms - i.e., inflation-adjusted terms – to eliminate the distorting effect of inflation on the price. The effects were somewhat larger for both variables from to and were somewhat smaller from toillustrating the weakened effect of macroeconomic variables on poverty rates.

In light of these results from a national model, a similar model using Ninth District county-level data was used to predict changes in poverty rates from.

Although the federal government became increasingly weighty in the overall mix of interventions, the states and the large cities continued to play important roles–for example, such outright socialism as appeared in the United States arose primarily at the municipal level, especially for so-called public utilities, such as electricity and gas.

The federal excise tax on gasoline is cents per gallon, and has not increased since If the tax rate was adjusted for inflation sinceit would be 33 cents per gallon in. 1. Beyond its core focus on macroeconomic and financial policies, the Fund is increasingly concerned with how income inequality affects growth and macroeconomic stability.

Over the last decade, many of the countries that have entered a path of fast economic development and reduced poverty simultaneously experienced a rising gap between the rich and.