Economic Development - 1870 Words

Introduction Governments the world over have long been investing in infrastructure in the hope of boosting economic development of their country. To study the relationship between infrastructure and economic development, we compared two journals; Infrastructure and Local Economic Development by Rives, J amp; Heaney, M. (1995) and Infrastructure and Economic Growth: The Nigeria Experience 1980-2006 by Enimola, S (2010). We chose these journals as the journal by Rives, J looked at the approach on a community/state level whereas the journal by Enimola, S looked at it at a national level. Hence, we were able to look at the topic at a micro and macro level. We compared the objectives of both journals, along with the methodological†¦show more content†¦DEVELOP = a + b1 INFRA + b2ln DSCITY + b3ln DSINT + b4 TOTAX + b5 EDUCATE + B6 MANEMP + b7 ln POP + E INFRA - average sewer capacity, average water plant capacity, state highway and national highway. DEVELOP - median household income, percent of the labour force employed, population change, assessed valuation per capita (property valuation) DSINT – Distance to an interstate highway DSCITY – Shortest distance to the nearest regional centre TOTAX – Property tax rate. This is measured because there is a negative relationship between tax rate and economic development as firms tend to move to regions where the tax rate is lower. EDUCATE – Percent of high school and college graduates. This measure is taken to account for the human capital stock of the community. MANEMP – is the proportion employed in manufacturing. This is to account for the agglomeration in the community. This is because agglomeration have been known to promote economic growth through greater division of labor, cost saving in bulk purchases, better communication and relationship between managers and the availability of alternative technologies. POP – accounts for the size of theShow MoreRelatedWomen Empowerment And Economic Development1905 Words   |  8 Pagesin an economy. It is without a doubt that women have always played a crucial role in different aspects of society and many studies have revealed that women empowerment and economic development are interrelated. Due to such studies many policies have been created to promote women empowerment in order to achieve economic development. When we talk about female empowerment initiatives this includes: investment in education, exposing women to workforce opportunities, finding ways to increase women’s selfRead MoreEconomic Development Office For The State Of Texas888 Words   |  4 PagesThe summer of 2014, I interned at the Economic Development Office for the state of Texas. The office was tasked with preparing relocation incentives for companies in order to create jobs. The office was split into different departments totaling about 45 people. 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