ECONOMIC FREEDOM AND INCOME LEVELS ACROSS U.S. STATES: A SPATIAL PANEL DATA ANALYSIS

There is a large literature estimating the effect of economic freedom on economic growth or income levels. Most studies examine the relationship between economic freedom and growth or income levels for countries, while a few examine the relationship for U.S. states. Absent in the state‐level literature is consideration of the presence of spatial spillovers affecting the freedom‐income relationship. Neglecting to account for spatial autocorrelation can bias estimation results and therefore inferences drawn. We find evidence of a spatial pattern in real per‐capita gross state product (GSP) that affects nonspatial estimates of the freedom‐income relationship. Taking into account the direct and indirect effects of economic freedom on real per‐capita GSP, we find a 10% increase in economic freedom is associated with a 5% increase in real per‐capita GSP. (JEL E02, O47, R11)     

Involvement with the equipment component of sport: Links to recreational commitment

Abstract

The purpose of this paper is to examine the involvement many sports participants have with relevant sports equipment. A structural model is presented which proposes a positive relationship between equipment involvement and recreational commitment. The model also identifies several possible outcomes of equipment involvement such as product spending levels and opinion leadership regarding the equipment. The model is tested using LJSREL analysis for a sample of recreational runners. Results confirm that both equipment involvement and recreational commitment are multidimensional constructs. Amount of running experience was found to be negatively related to perceptions of equipment importance, whereas psychological commitment to running had a positive effect. Behavioral commitment was not significantly associated with the perceived importance of running equipment, although there was a postive link with equipment knowledge. Equipment involvement was found to be a significant predictor of spending levels and opinion leadership.     

The stability of leisure factor structures across time

Abstract

The purpose of this study was to investigate the stability of leisure factor structures across seasons. Data were collected regarding subjects’ participation in 58 recreation activities during the fall of 1980 and the summer of 1981. Differences in responses were analyzed on an activity‐by‐activity basis yielding significant differences for 21 of the 58 activities. Further, factor structures for both the fall and summer data were identified. The findings revealed that only three of the seven factors extracted for each structure met the minimum criteria established by the researchers to be considered stable across seasons.     

The Question of Scale in Ecotourism: Case Study of Two Small Ecotour Operators in the Mundo Maya Region of Central America

The issue of scale in ecotourism is addressed, with specific reference to the relative costs and benefits of large versus small-scaled development, tour groups, and tour operators. A case study of two small ecotour businesses operating in the Mundo Maya region of Central America provides pertinent insights through comparison of their organisation, tours, owners opinions, impacts and issues pertaining to the Mundo Maya business environment. Results shed light on important policy, planning and marketing questions relating to ecotourism and sustainable development in this destination, and on the general issue of scale. A framework for research and evaluation of the issue of scale in ecotourism is advanced.     

Line,line, everywhere a line: Cultural considerations for waiting-line managers

Given the trend of increasing business globalization, management teams of multinational companies have taken steps to better understand consumers, local business partners, and local governments. Local queueing preferences present managers with additional challenges and opportunities in international markets. The world may be ‘flat,’ but it is foolish to believe that all cultures perceive lines and waiting through the same lens. As discussed herein, perceptions regarding waiting and management of queues vary greatly; therefore, managers should adopt different policies and procedures when managing waiting lines across natural and cultural borders. Considering queue management in a global context offers benefits. Thinking globally—and acting locally—can prioritize and clarify important decisions any waiting-line manager has to make.     

Linking the formal strategic planning process,planning flexibility,and innovativeness to firm performance

This study explores the link between financial performance and the formal strategic planning process, planning flexibility, and innovativeness of 448 firms in a multi-industry sample. The results suggest that firms' formal strategic planning processes and planning flexibility are positively associated, and each is positively related to innovativeness. In addition, innovativeness fully mediates the relationships between firm performance and the formal strategic planning process and planning flexibility.     

Optimal design and directional leverage with applications in differential equation models

We consider the problem of estimating input parameters for a differential equation model, given experimental observations of the output. As time and cost limit both the number and quality of observations, the design is critical. A generalized notion of leverage is derived and, with this, we define directional leverage. Effective designs are argued to be those that sample in regions of high directional leverage. We present an algorithm for finding optimal designs and then establish relationships to existing design optimality criteria. Numerical examples demonstrating the performance of the algorithm are presented.     

Determinants of Youth Suicide:

ABSTRACT Suicide is the third major cause of death among American youths between the ages of 15 and 19 years. This study offers additional quantitative support for the Easerlin-Holinger Hypothesis that relative cohort size is a significant statistical predictor of youth suicide.     

State and Local Electric Utility Taxes:

ABSTRACT Competitive forces emerging nationally across the electric utility sector as a result of actual and anticipated deregulatory activity have forced the industry, various governmental units, and the general public to consider a number of important issues. One major concern is the extent to which state and local taxes imposed on the major investor-owned firms, traditionally embedded in regulated rates, will affect their competitive position relative to challenges from nonregulated competitors offering intrastate or interstate electricity sales. The most likely trend is tax revenue reduction accompanied by some efforts at revenue neutrality, as investor-owned firms lose their monopoly status in a more market-oriented environment and compete with smaller finns with relatively lower cost structures. The trend will also include customer-based taxation shifting the burden from the providers of electricity to the customers, with the providers remaining as tax collectors.