<title/> Prior investigations have demonstrated that, under the assumption of unlimited available personal funds, the proportion of equity retained by the entrepreneur in a new venture is an indicator of the proposed project's quality. Signaling theory argues that this signal of quality can be used by...

As the Chinese economy has rapidly grown in recent years, more expatriates are also attracted back to China. When one returns, he is called a “Haigui” (i.e., “Sea Turtle” or a returnee from overseas), denoting a person with valuable advanced knowledge and skills from overseas. However,...

Do the returns to business tax incentives differ according to the initial economic conditions of the area providing tax relief? Past research studies have provided conflicting answers to this question. Bartik (1991) concluded that rates of return to business tax incentives are likely to be...

Many research studies have found a positive link between information technology (IT) in the work place and wages. Using data from the December, 1998 Current Population Survey, we examine the impact of IT, as proxied by on-the-job Internet usage, on wages. After controlling for selectivity bias,...

This study investigates the effect of state economic development (ED) agency spending on state income and employment growth using data from the 1986-1994 period. The study finds that ED spending has a modest positive effect on the generation of state income and employment, even after controlling...

Results from this study suggest that states. in order to encourage new business formation and to compensate for unfavorable economic conditions, have budgeted more funds to support economic development agency activities. It is concluded that past studies, by failing to control for state economic...

Housing stock is one of the most important components of household wealth in the U.S. Public policy has vigorously promoted home ownership based on the belief that it strengthens the individual's commitment and contribution to the community. Yet it is possible that this social goal generates...

A lack of detailed data on state tax incentive programs has limited the assessment of their economic impacts. However, in 1987, the Nebraska legislature, as part of its new business tax incentive initiative, required that the state Department of Revenue collect data on all business tax incentive...