The objective of this paper is to examine the responsiveness to price incentives of petroleum exploration, the generation of proven reserves and the production out of reserves in the United States. First, a theoretical framework of oil extraction and supply is developed. Next, an econometric...

This study suggests that demand management through pricing policies can be used to solve water supply problems. A demand function for water was developed using cross-sectional water data. The demand function was used in a simulation analysis to determine reservoir capacity needed to supply water...

This paper develops an econometric model of petroleum discovery and extraction. Impacts of three selected price policies for petroleum are analyzed with the model. Higher oil prices do encourage additional domestic oil exploration and extraction.

After discussing basic principles of school finance, and comparing selected education-related variables in southeastern states, this paper examines how schools districts are financed in Kentucky. Emphasis is given to issues of funding adequacy, efficiency and equity, and the lawsuit culminating...

In this paper, we develop four paradigms of rural poverty. These paradigms were designed to help explain how different factors interact and result in significant numbers of rural poor­, poverty that persists even though the national economy has experienced sustained economic growth for over six...

The objective of this paper is to empirically examine the relationship between changes in per capita manufacturing employment, manufacturing earnings per worker and human capital investment in nearly 3,000 U.S. counties over the period 1980-90. Two key hypotheses are tested: 1. Communities in...

Tax incentives by state and local governments to attract industrial development are undergoing another round of public criticism in the news media. There are those who argue that any form of economic incentive in an attempt to entice businesses to locate in a particular state or community is...

This paper examines some of the ways in which social capital networks develop and operate and contrasts the differences between rural and urban settings based on "case study observations" of rural communities and urban subdivisions. A list of potential researchable questions involving social...

In 1973 the Governor of Kentucky's Council of Agriculture commissioned a Task Force at the University of Kentucky College of Agriculture to develop estimates of Kentucky's Agricultural potentials. Product potentials were estimated for 1980 and for the "long-term" to 1992. Similarly, capital and...

After discussing basic principles of school funding, and comparing selected school finance indicators in southeastern states, this paper examines how schools districts are financed in Kentucky. Emphasis is given to issues of funding adequacy, efficiency and equity, which together led to the...