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Title: Measuring Highway Impacts on House Prices Using Spatial Regression.
Creator: Allen, Marcus T., Austin, Grant W., Swaleheen, Mushfiq
Abstract / Description: Generally accepted real estate valuation theory, augmented by ample empirical evidence, supports the notion of significant impacts on prices of residential properties near highways. Houses adjacent to highways are exposed to potentially increased traffic noise, although these homeowners may benefit from increased accessibility to highway systems. This study is prompted by a massive new highway construction project (25 miles at acost of $1.5 billion over a nine-year period) that will complete...
Show moreGenerally accepted real estate valuation theory, augmented by ample empirical evidence, supports the notion of significant impacts on prices of residential properties near highways. Houses adjacent to highways are exposed to potentially increased traffic noise, although these homeowners may benefit from increased accessibility to highway systems. This study is prompted by a massive new highway construction project (25 miles at acost of $1.5 billion over a nine-year period) that will complete a 110-mile beltway around the Orlando, Florida metropolitan area. Using observed prices of houses near existing highways, this study provides insights into the potential effects of the new highway on planned and existing houses in thi smarket. The results indicate significant price discounts for houses adjacent to highways, houses near high-traffic highways, and houses farther from highway on-ramps, but no significant impact related to distances from houses to highways or sound barrier walls.
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Date Issued: 2015-01-01
Identifier: fgcu_ir_000634
Format: Citation

Title: Self-employment of older Americans: do recessions matter?.
Creator: Biehl, Amelia, Gurley-Calvez, Tami, Hill, Brian
Abstract / Description: As high unemployment rates linger following the latest recession, job opportunities can be sparse, especially for older workers. This might prompt older Americans to seek out opportunities in self-employment. Alternatively, recession-related decreases in economic activity might make selfemployment less attractive. Using the Health and Retirement Study, we find that unemployed respondents are more likely to enter self-employment and that these decisions are clearly affected by recessions,...
Show moreAs high unemployment rates linger following the latest recession, job opportunities can be sparse, especially for older workers. This might prompt older Americans to seek out opportunities in self-employment. Alternatively, recession-related decreases in economic activity might make selfemployment less attractive. Using the Health and Retirement Study, we find that unemployed respondents are more likely to enter self-employment and that these decisions are clearly affected by recessions, although the effects differ by recession and gender. Unlike men, women’s self-employment decisions are very sensitive to other sources of household income, and women are less likely to become self-employed the deeper the recession.
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Date Issued: 2014-02-01
Identifier: fgcu_ir_000601
Format: Citation

Title: How Do Private Markets Address Smoking Externalities?.
Creator: Biehl, Amelia, Douglas, Christopher C.
Abstract / Description: We survey bars and restaurants in Genesee County, Michigan to examine how, absent a smoking ban, different establishments accommodate smokers and nonsmokers. We find evidence that smokers and nonsmokers are systematically accommodated. The majority of establishments without bars voluntarily ban smoking, and the majority of establishments with bars restrict smoking to a separate room or to the bar area. This pattern of accommodation is consistent with what the Coase Theorem would predict when...
Show moreWe survey bars and restaurants in Genesee County, Michigan to examine how, absent a smoking ban, different establishments accommodate smokers and nonsmokers. We find evidence that smokers and nonsmokers are systematically accommodated. The majority of establishments without bars voluntarily ban smoking, and the majority of establishments with bars restrict smoking to a separate room or to the bar area. This pattern of accommodation is consistent with what the Coase Theorem would predict when dealing with the externalities created by secondhand smoke.
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Date Issued: 2011-08-01
Identifier: fgcu_ir_000602
Format: Citation

Title: Endogenous examination of underwriter reputation and IPO returns.
Creator: Jones, Travis, Swaleheen, Mushfiq
Abstract / Description: The purpose of this paper is to examine the relationship between underwriter reputation and initial public offerings (IPOs) initial returns over a 24-year period, from 1980 to 2003. Two-stage least-squares regression analysis on data from IPOs offered from 1980 to 2003 is used to determine how the choice of IPO underwriter is related to initial returns when considering reputation as an endogenous variable. This study shows, consistent with prior literature, that underwriter reputation is...
Show moreThe purpose of this paper is to examine the relationship between underwriter reputation and initial public offerings (IPOs) initial returns over a 24-year period, from 1980 to 2003. Two-stage least-squares regression analysis on data from IPOs offered from 1980 to 2003 is used to determine how the choice of IPO underwriter is related to initial returns when considering reputation as an endogenous variable. This study shows, consistent with prior literature, that underwriter reputation is statistically significantly negatively related to initial returns from 1980 to 1991 and statistically significantly positively related to initial returns from 1992 to 2003, when reputation is taken as an exogenous variable. When considering the choice of the reputation of underwriter as endogenous to characteristics of the firm, the reputation of an underwriter is significantly positively related to IPO initial returns for 1980 to 2003 and 1992 to 2003 and insignificantly related, for 1980 to 1991. This study adds value to finance literature in that it extends the research on the relationship between IPO initial returns and underwriter reputation. It also furthers the existing research on IPO anomalies and notes characteristics in this field of financial markets that may be important to both issuers and investment banks.
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Date Issued: 2010-04-01
Identifier: fgcu_ir_000665
Format: Citation

Title: Securing Private Property: Formal versusInformal Institutions.
Creator: Kerekes, Carrie, Williamson, Claudia R.
Abstract / Description: Property rights are one of the most fundamental and highly robust institutions supporting economic performance. However, the channels through which prop- erty rights are achieved are not adequately identified. This paper is a first step toward unbundling the black box of property rights into a formal and an informal component. We empirically determine the significance of both informal and formal rules in securing property rights. We find that when both com- ponents are included in the...
Show moreProperty rights are one of the most fundamental and highly robust institutions supporting economic performance. However, the channels through which prop- erty rights are achieved are not adequately identified. This paper is a first step toward unbundling the black box of property rights into a formal and an informal component. We empirically determine the significance of both informal and formal rules in securing property rights. We find that when both com- ponents are included in the analysis, the impact of formal constraints is greatly diminished, while informal constraints are highly significant in explaining the security of property. These results are robust to a variety of model specifications, multiple instrumental variables, and a range of control variables.
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Date Issued: 2011-01-01
Identifier: fgcu_ir_000609
Format: Citation

Title: Tax Limits and Housing Markets: Some Evidence at the State Level.
Creator: Biehl, Amelia, Hoyt, William H., Coomes, Paul A.
Abstract / Description: Property tax limitations, as well as other tax and expenditure restrictions on state and local governments in the United States, date back to the late 19th century. A surge in property tax limitation legislation occurred in the late 1970s and early 1980s, and its effects on government revenue, school financing and educational quality have been studied extensively. However, there is surprisingly little literature on how property tax limits affect housing markets. For the first time, we examine...
Show moreProperty tax limitations, as well as other tax and expenditure restrictions on state and local governments in the United States, date back to the late 19th century. A surge in property tax limitation legislation occurred in the late 1970s and early 1980s, and its effects on government revenue, school financing and educational quality have been studied extensively. However, there is surprisingly little literature on how property tax limits affect housing markets. For the first time, we examine the impacts of property tax limitations on housing growth, in addition to their impacts on housing prices. Using state-level data over 23 years, we find that property tax limits increase housing prices (indexes) by approximately 2%. Property tax limits appear to have little impact on the growth in the housing stock, but education spending limits reduce the number of building permits by over 6%. Our indirect evidence suggests that the number of housing units may grow when property tax limits are accompanied by increases in other own-source revenues to state government.
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Date Issued: 2010-12-01
Identifier: fgcu_ir_000603
Format: Citation

Title: Time-Use Patterns and Women Entrepreneurs.
Creator: Biehl, Amelia, Gurley-Calvez, Tami, Harper, Katherine
Abstract / Description: Despite the growing literature examining self-employed women, little is known about how self-employed women divide their time between work and other life activities. The flexibility afforded by self-employment is often regarded as a way to better balance work and home activities. Yet studies outside the economics literature seem to indicate that self-employed women do not necessarily experience more family satisfaction. A source of the difference might be that the econometric studies use...
Show moreDespite the growing literature examining self-employed women, little is known about how self-employed women divide their time between work and other life activities. The flexibility afforded by self-employment is often regarded as a way to better balance work and home activities. Yet studies outside the economics literature seem to indicate that self-employed women do not necessarily experience more family satisfaction. A source of the difference might be that the econometric studies use older data or focus on an older cohort that views gender roles differently. This study uses recently available American Time Use Survey (ATUS) data for 2003 to 2006 to compare the daily activities of self-employed women with those of self employed men and wage and salary workers of both genders. Specifically, it examines whether differences exist in time-use patterns between genders and across employment sectors, and whether these differences are consistent with the hypothesis that women select self-employment for family and lifestyle reasons.
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Date Issued: 2009-05-01
Identifier: fgcu_ir_000604
Format: Citation

Title: Property Rights and Environmental Quality: A Cross-Country Study.
Creator: Kerekes, Carrie
Abstract / Description: Public policy often regards pollution and other measures of poor environmental quality as public bads that result from market failure and require government intervention through regulatory policies and more stringent environmental standards. In this article, the researcher argues that pollution and environmental quality should instead be regarded from a property rights perspective, in which institutions of clearly defined and enforced property rights create incentives that lead to reduced...
Show morePublic policy often regards pollution and other measures of poor environmental quality as public bads that result from market failure and require government intervention through regulatory policies and more stringent environmental standards. In this article, the researcher argues that pollution and environmental quality should instead be regarded from a property rights perspective, in which institutions of clearly defined and enforced property rights create incentives that lead to reduced levels of pollution and an overall improvement in environmental quality. Using cross-country data, the researcher examines the relationship between property rights and environmental quality. Environmental quality may be undervalued and underprovided by the market when property rights are not effectively used to coordinate the incentives of individuals. To empirically examine the effect of the structure of property rights across countries on environmental quality, the researcher implements cross-sectional regressions in order to maximize observations due to data limitations. Using average protection against risk of expropriation as the property rights measure, the research shows the impact of property rights on indicators of air quality.
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Date Issued: 2011-04-01
Identifier: fgcu_ir_000610
Format: Citation

Title: Accounts Receivable Factoring As A Response to Weak Governance: Panel Data Evidence.
Creator: Jones, Travis, Borgia, Daniel, Swaleheen, Mushfiq, Weeks, Henry
Abstract / Description: Accounts receivable factoring is a financing arrangement that occurs when a business sells its accounts receivables. Factoring has emerged as the most important source of working capital for small and medium sized enterprises (SMEs) in many economies because weak laws, poor enforcement, and the associated informational opacity put the SMEs at a disadvantage when borrowing. This paper presents an empirical analysis of cross-country differences in factoring activity to determine whether the...
Show moreAccounts receivable factoring is a financing arrangement that occurs when a business sells its accounts receivables. Factoring has emerged as the most important source of working capital for small and medium sized enterprises (SMEs) in many economies because weak laws, poor enforcement, and the associated informational opacity put the SMEs at a disadvantage when borrowing. This paper presents an empirical analysis of cross-country differences in factoring activity to determine whether the quality of governance is a significant determinant of the level of factoring activity. Our analysis is based on a reduced form model that relates a country’s factoring activity (turnover) to the quality of governance, while controlling for other determinants of factoring discussed in the literature. We use data for a panel of 59 countries, over the period 1995 – 2005. Our findings support the hypothesis that factoring is more prevalent in economies with weak governance. Additionally, we present evidence that factor turnover is decreasing in the incidence of corruption.
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Date Issued: 2010-02-01
Identifier: fgcu_ir_000666
Format: Citation

Title: Have Multilateral Conventions Lowered Bribery Around the World?.
Creator: Allen, Marcus T., Swaleheen, Mushfiq
Abstract / Description: Corruption is generally defined as the use of public office for private gains (Bardhan 1997). Jain (2001) provides an overview of the agency model of the origin and spread of corruption in an economy. The economy consists of three groups of actors: firms and households, government leaders, and appointed public officials. The firms and households are the principals who are utility/wealth maximizers. They employ two groups of agents: government leaders and public officials. The government...
Show moreCorruption is generally defined as the use of public office for private gains (Bardhan 1997). Jain (2001) provides an overview of the agency model of the origin and spread of corruption in an economy. The economy consists of three groups of actors: firms and households, government leaders, and appointed public officials. The firms and households are the principals who are utility/wealth maximizers. They employ two groups of agents: government leaders and public officials. The government leaders formulate the regulatory laws and processes in the country. The appointed public officials interpret, implement, and uphold the regulatory laws and processes. Acceptance of the position of a government leader or appointed public official indicates that the incumbent has agreed that the pay is sufficient reward for his/her effort. The principals' well-being is impacted by actions (or inactions) of their agents. The focus of this article is on factors that originate in other countries and, therefore, are beyond the scope of national policies. Until 1977, the encouragements to public officials to act corruptly that came from foreign sources were largely ignored, and the bribing of foreign officials did not attract any sanctions. The Foreign Corrupt Practices Act of 1977 (FCPA) was the first instance of a home country attempting to put legal limits on business practices employed by its residents abroad. This unilateral step expanded into a multilateral effort criminalizing the bribing of foreign officials by multinational enterprises (MNEs) from countries in the Americas in 1997 and Europe in 1999. However, perceived corruption and the use of bribes around the world was not significantly reduced (Getz 2006). This situation led to suggestions that a uniform sanction against the use of bribes for all MNEs, from all countries doing business anywhere in the world, is needed to prevent some MNEs from gaining by using bribes at the expense of others who do not (Cuerv°Cazurra 2008). In 2006, a full global sanction against the bribing of foreign officials by MNEs was agreed upon. Table 1 presents a chronology of the expansion of the anti-bribery regime in the watershed years: 1997, 1999, 2003, 2005, and 2006. This article examines whether the global anti-bribery regime has led MNEs to cut back on the use of bribes. In the following sections, we first present the sources of data and the measures of bribes and corruption used in the study and then examine the available data for evidence of changes in the trajectory of bribing by MNEs and corruption in the MNE host countries corresponding to the aforementioned watershed years.
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Date Issued: 2017-10-01
Identifier: fgcu_ir_000624
Format: Citation

Title: Using MLS Data for Hedonic Price Modeling: An Experiential Learning Activity.
Creator: Allen, Marcus T., Swaleheen, Mushfiq
Abstract / Description: Multiple Listing Service (MLS) data are notoriously cumbersome for empirical analysis due to inaccuracies and incompleteness. Applied real estate market analysis using MLS data requires a diligent effort to identify and address data limitations. This paper describes a learning activity that provides students with an opportunity to work with a large, real-world MLS dataset to answer research questions about house price determinants using hedonic price modeling with OLS regression. The activity...
Show moreMultiple Listing Service (MLS) data are notoriously cumbersome for empirical analysis due to inaccuracies and incompleteness. Applied real estate market analysis using MLS data requires a diligent effort to identify and address data limitations. This paper describes a learning activity that provides students with an opportunity to work with a large, real-world MLS dataset to answer research questions about house price determinants using hedonic price modeling with OLS regression. The activity is designed for use with Microsoft Excel due to its ready availability. Available instructor resources include a dataset with 20,126 residential listings from a well-defined market covering a three-year time period with 85 data fields, directions for students, and a model answer. All instructor resources (password controlled) are available online at: http:/ / tinyurl.com/mlscasestudy.
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Date Issued: 2016-01-01
Identifier: fgcu_ir_000628
Format: Citation

Title: Faculty research productivity under alternative appointment types: tenure vs non-tenure track.
Creator: Allen, Marcus T., Sweeney, Carol
Abstract / Description: The increasing use of non-tenure employment contracting as a cost savings and/or management flexibility increasing mechanism in colleges and universities raises concerns about the impact of this strategy on other aspects of the higher education system. The purpose of this paper is to document reduced research productivity at a university that uses rolling contracts in comparison to research productivity at another university in the same state university system in the USA that uses tenure...
Show moreThe increasing use of non-tenure employment contracting as a cost savings and/or management flexibility increasing mechanism in colleges and universities raises concerns about the impact of this strategy on other aspects of the higher education system. The purpose of this paper is to document reduced research productivity at a university that uses rolling contracts in comparison to research productivity at another university in the same state university system in the USA that uses tenure track contracting.
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Date Issued: 2017-12-01
Identifier: fgcu_ir_000622
Format: Citation

Title: Foster care and the earned income tax credit.
Creator: Biehl, Amelia, Hill, Brian
Abstract / Description: Foster care is a source of significant costs to both governments and foster children. Policies that provide income support to households potentially reduce entry into foster care via reducing child maltreatment and improving child behavior. As part of the American Recovery and Reinvestment Act in 2009 (ARRA2009), the federal government expanded the earned income tax credit (EITC), which is an important income support program for low-income working households. Using state-level data, we...
Show moreFoster care is a source of significant costs to both governments and foster children. Policies that provide income support to households potentially reduce entry into foster care via reducing child maltreatment and improving child behavior. As part of the American Recovery and Reinvestment Act in 2009 (ARRA2009), the federal government expanded the earned income tax credit (EITC), which is an important income support program for low-income working households. Using state-level data, we investigate the impact of this EITC expansion on state-level foster care entry rates. Typically, states with state-level EITC match federal EITC spending at a specific rate, meaning that increases in federal EITC spending increase state-level spending as well. We find that expansion of EITC decreased foster care entry rates by 7.43% per year in states with a state-level EITC, relative to those without. In models that separately examine foster care entry rates by age of the child, we find that the ARRA2009 had different effects on foster care entry based on the child’s age. We find that ARRA2009 decreased foster care entry rates for children age 11–15 by nearly 12% in states with a state EITC and it decreased foster care entry rates for children age 16–20 by roughly 17% in states with a state EITC, relative to states without a state EITC.
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Date Issued: 2017-07-14
Identifier: fgcu_ir_000600
Format: Citation

Title: Differential Bargaining Power in Real Estate Transactions.
Creator: Allen, Marcus T., Fraser, Steven, Swaleheen, Mushfiq
Abstract / Description: Harding Rosenthal, and Sirmans examine data from the American Housing Survey and demonstrate that it is possible to uncover bargaining power effects in housing market transactions related to demographic attributes of sellers and buyers (age, education level, gender, marital status, race, etc.) included in that database. Colwell and Munneke3 extend this approach to commercial real estate assets (office properties) and find that bargaining power effects can be uncovered by considering types of...
Show moreHarding Rosenthal, and Sirmans examine data from the American Housing Survey and demonstrate that it is possible to uncover bargaining power effects in housing market transactions related to demographic attributes of sellers and buyers (age, education level, gender, marital status, race, etc.) included in that database. Colwell and Munneke3 extend this approach to commercial real estate assets (office properties) and find that bargaining power effects can be uncovered by considering types of sellers and buyers (individuals, corporations, and financial institutions) without knowledge of their specific attributes that often are difficult to measure or observe for samples large enough for reliable statistical analysis.
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Date Issued: 2016-10-01
Identifier: fgcu_ir_000626
Format: Citation

Title: Government Takings: Determinants ofEminent Domain.
Creator: Kerekes, Carrie
Abstract / Description: There is a well-documented link between institutions of secure property rights and economic development. The increasing use of eminent domain to transfer property from one private owner to another for private benefit, upheld in the Supreme Court's controversial Kelo decision, undermines the security of property rights. While previous research examines the effect of eminent domain use, this paper explores which factors explain varying levels of eminent domain use for private benefit across...
Show moreThere is a well-documented link between institutions of secure property rights and economic development. The increasing use of eminent domain to transfer property from one private owner to another for private benefit, upheld in the Supreme Court's controversial Kelo decision, undermines the security of property rights. While previous research examines the effect of eminent domain use, this paper explores which factors explain varying levels of eminent domain use for private benefit across states. The author finds that corruption, election of state Supreme Courts, federalism, and economic freedom are important determinants of eminent domain use for private benefit.
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Date Issued: 2011-04-01
Identifier: fgcu_ir_000611
Format: Citation

Title: The First-Time Homebuyer Tax Incentives: Did They Work?.
Creator: Biehl, Amelia
Abstract / Description: Following the Great Recession, two important recovery acts provided incentives for a qualified first-time homebuyer to purchase a home: the Housing and Economic Recovery Act of 2008 (HERA2008) and the American Recovery and Reinvestment Act of 2009 (ARRA2009). Using the American Housing Survey and a difference-in-differences approach, I find that recent movers who qualified for HERA2008 were 8.2% more likely to choose homeownership, relative to movers who did not qualify for HERA2008. Recent...
Show moreFollowing the Great Recession, two important recovery acts provided incentives for a qualified first-time homebuyer to purchase a home: the Housing and Economic Recovery Act of 2008 (HERA2008) and the American Recovery and Reinvestment Act of 2009 (ARRA2009). Using the American Housing Survey and a difference-in-differences approach, I find that recent movers who qualified for HERA2008 were 8.2% more likely to choose homeownership, relative to movers who did not qualify for HERA2008. Recent movers who qualified for a tax credit under ARRA2009 were 9.3% more likely to purchase a home than movers who did not qualify for the credit.
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Date Issued: 2018-01-01
Identifier: fgcu_ir_000598
Format: Citation

Title: The taxpayer relief act of 1997 and homeownership: is smaller now better?.
Creator: Biehl, Amelia, Hoyt, William H.
Abstract / Description: Prior to the Taxpayer Relief Act of 1997 (TRA97), the capital gain from the sale of a home was taxed differently for those over and under the age of 55. TRA97 eliminated this differential treatment. Using a difference-in-difference approach, we find that home sellers slightly under the age of 55 were 6.2% more likely to move for a less expensive house to maintain, 6.6% less likely to move for a larger place, and 5.2% more likely to reside in a condominium after TRA97's enactment, relative to...
Show morePrior to the Taxpayer Relief Act of 1997 (TRA97), the capital gain from the sale of a home was taxed differently for those over and under the age of 55. TRA97 eliminated this differential treatment. Using a difference-in-difference approach, we find that home sellers slightly under the age of 55 were 6.2% more likely to move for a less expensive house to maintain, 6.6% less likely to move for a larger place, and 5.2% more likely to reside in a condominium after TRA97's enactment, relative to those slightly over 55.
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Date Issued: 2014-04-01
Identifier: fgcu_ir_000599
Format: Citation

Title: Propertyless in Peru, Even with a Government Land Title.
Creator: Kerekes, Carrie B., Williamson, Claudia R.
Abstract / Description: This article investigates the ability and process of government land titling as a method to achieve secure property rights institutions. Specifically, we analyze the impact of government land titling in rural Peru. Our findings suggest that land titling does not achieve the positive benefits associated with secure property, such as access to credit. We also find that individuals prefer private enforcement methods of securing property to public means. This suggests that government land titling...
Show moreThis article investigates the ability and process of government land titling as a method to achieve secure property rights institutions. Specifically, we analyze the impact of government land titling in rural Peru. Our findings suggest that land titling does not achieve the positive benefits associated with secure property, such as access to credit. We also find that individuals prefer private enforcement methods of securing property to public means. This suggests that government land titling is not always a channel through which countries can achieve secure property rights institutions.
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Date Issued: 2010-06-24
Identifier: 10.1111/j.1536-7150.2010.00734.x, fgcu_ir_000097, http://doi.wiley.com/10.1111/j.1536-7150.2010.00734.x
Format: Citation

Title: Discovering Law: Hayekian Competition in Medieval Iceland.
Creator: Kerekes, Carrie B, Williamson, Claudia R
Abstract / Description: The general consensus is that some minimal government is needed to provide law and enforce rules. However, between 930 and 1262, the Icelandic Commonwealth functioned without a central government, relying instead on market mechanisms and private institutions. An elaborate legal system developed that guided social interaction and coordinated conflict resolution. This article utilises Hayek’s theory of competition as a discovery process to examine the emergence of law in medieval Iceland....
Show moreThe general consensus is that some minimal government is needed to provide law and enforce rules. However, between 930 and 1262, the Icelandic Commonwealth functioned without a central government, relying instead on market mechanisms and private institutions. An elaborate legal system developed that guided social interaction and coordinated conflict resolution. This article utilises Hayek’s theory of competition as a discovery process to examine the emergence of law in medieval Iceland. Founded on private property and competition, the legal structure in medieval Iceland promoted discovery of law and resulted in the relative impartiality of judgments.
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Date Issued: 2012-01-16
Identifier: 10.1080/10383441.2012.10854748, fgcu_ir_000041, http://www.tandfonline.com/doi/abs/10.1080/10383441.2012.10854748
Format: Citation

Title: Takings and Tax Revenue: Fiscal Impacts of Eminent Domain.
Creator: Kerekes, Carrie B., Stansel, Dean
Abstract / Description: In the landmark 2005 Kelo case, the Supreme Court ruled that eminent domain takings for private development constituted permissible “public use” because of their potential to produce higher revenue. This paper provides the first examination of that relationship between eminent domain activity and state and local revenue. We find virtually no evidence of a positive relationship between the number of eminent domain takings for private use (such as the one that led to the Kelo decision) and the...
Show moreIn the landmark 2005 Kelo case, the Supreme Court ruled that eminent domain takings for private development constituted permissible “public use” because of their potential to produce higher revenue. This paper provides the first examination of that relationship between eminent domain activity and state and local revenue. We find virtually no evidence of a positive relationship between the number of eminent domain takings for private use (such as the one that led to the Kelo decision) and the level of revenue. We find some limited evidence of a negative relationship between eminent domain and future revenue growth.
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Date Issued: 2016-01-01
Identifier: 10.1515/rle-2015-0001, fgcu_ir_000040, https://www.degruyter.com/view/j/rle.2016.12.issue-2/rle-2015-0001/rle-2015-0001.xml
Format: Citation

Studies (3)	+ -
American Recovery and Reinvestment Act of 2009 (2)	+ -
Home ownership. (2)	+ -
Self employment (2)	+ -
difference-in-differences (2)	+ -

Earned income tax credit (1)	+ -
Economic development (1)	+ -
Economic theory (1)	+ -
Employment contracting (1)	+ -
Entrepreneurship. (1)	+ -
Environmental quality. (1)	+ -
Equity capital (1)	+ -
Flotation. (1)	+ -
Foster care (1)	+ -
Governmental Property (1)	+ -
Higher education economics (1)	+ -
Human capital. (1)	+ -
Investments. (1)	+ -
Lifestyles. (1)	+ -
Older people. (1)	+ -
Productivity. (1)	+ -
Property rights (1)	+ -
Property--Law and legislation. (1)	+ -
Public policy. (1)	+ -
Real estate financing (1)	+ -
Recessions. (1)	+ -
Regression analysis. (1)	+ -
Taxpayer Relief Act of 1997 (1)	+ -
Underwriting (1)	+ -
Women. (1)	+ -

Article (17)	+ -
article (4)	+ -

English (20)	+ -
eng (20)	+ -

Biehl, Amelia (7)	+ -
Swaleheen, Mushfiq (6)	+ -
Allen, Marcus T. (5)	+ -
Kerekes, Carrie (3)	+ -
Kerekes, Carrie B. (3)	+ -

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