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The big-box retail stores such as Wal-Mart and Target have become the focus of many studies researching their impacts on local economic outcomes. This dissertation studies three related topics: (i) the dynamic interrelationship among the presence of the big-box stores, retail wage, and employment, (ii) the impact of the big-box retailers on personal income growth, and (iii) the dynamic interrelationship between the presence of big-box retailers and personal income growth. The research draws important insights with potential implications for regional developers and policy makers. The first essay analyzes the dynamic relationship among the presence of the big-box retailers, retail wage, and employment at the county level for 1986-2005. A vector autoregression model is applied on panel data. Impulse response functions and variance decompositions are also presented. Results suggest that the presence of big-box stores decreases retail wages and increases retail employment. Retail employment has a higher impact on the retailers’ location decision than retail wage. The results also show that the presence of Wal-Mart drives the above-mentioned effects, while the presence of Target is insignificant. The second essay investigates the impact from the presence of big-box retailers on personal income growth in U.S. counties between 2000 and 2005 - based on neoclassical growth models of cross-country income convergence. Results suggest that counties having both Wal-Mart and Target stores experienced slower growth in personal income. After controlling for spatial autocorrelation, similar to the first essay, the effect of Wal-Mart’s presence on personal income growth is dominant in terms of statistical significance relative to Target’s. The third essay expands the second essay and investigates the dynamic interaction between the presence of big-box retailers and personal income growth over time at the county level for the period 1987-2005, using a panel vector autoregression model. For this analysis, the earning shares of natural resources and manufacturing sectors are included - assuming that all the variables are endogenous to one another. The findings indicate that big-box retailers negatively affect personal income growth, which is consistent with the second essay. However, personal income growth has an insignificant effect on the big-box retailers’ location decision.

The subject of this thesis was chosen from both a professional and an academic interest in the economic development of Oregon. Prompted by proposals made to the Oregon Legislature to initiate various forms of industrial subsidy programs to disperse economic growth and population away from congested areas, this research effort seeks to provide an evaluative analysis of the effectiveness of subsidy techniques in influencing industrial location and stimulating a sustained growth process in less developed areas. Research was undertaken in two primary subjects: 1) theory of regional economic development and the effects of subsidies on the growth process; and 2) empirical evidence of the effectiveness of industrial subsidy programs on regional development in other areas. Information was obtained from the following resources: The author’s library of reference literature on economic development and the bibliographies contained therein; Professional organizations, particularly the library of the American Industrial Development Council, as well as requests for literature from various members of those organizations; University library resources, including: Bureaus of Business Research, Bibliography, 1968-1970; Public Affairs Information Service, 1965-Jan. 3, 1973; Business Periodicals Index, 1965-1972; Journal of Economic Articles, 1967-Dec., 1972; Index to Economic Literature, 1966-1970; U.S. Library of Congress, National Union Catalog, 1960-1972; Council of Planning Librarians, Bibliographies; Colorado University, Public Catalog of Norlin Library holdings; Colorado Technical Reference Center. Using information obtained from these and other sources, a method was obtained for defining and measuring the economic and social welfare objectives of a regional development program in Oregon. Geographical patterns of economic health indicators were mapped for the state This is followed by an analysis of various types of subsidies and their effects on resource allocation and gross output. It was found that wage subsidies offer optimum benefits for labor-surplus areas with less distortion of capital efficiency than do capital or price subsidies. Justification for subsidies was found to be greatest using social benefits as criteria rather than maximization of economic output. The influence of industrial subsidies on location decisions is then examined. Following an analysis of effects of subsidies on the cost structure and profit potential for the firm, financial and tax incentives are separately reviewed in case histories of subsidy programs. It was found that capital investment subsidies have had considerably more location influence than tax subsidies. In any case, however, subsidies were determined to be marginal, rather than decisive, locational factors with more basic economic criteria, such as labor availability and market access, being more influential. Finally, cost/benefit considerations for subsidy programs in Oregon are reviewed. External effects of industrialization on rural economies are considered, and the growth center concept for maximization of economic gain is examined. Fiscal costs for state and local governments are explored for different types of subsidy programs. The conclusion is reached that programs can be devised which minimize fiscal costs while offering maximum potential economic and social benefits.

In this paper it is hoped to present an accurate account of branch banking conditions. as they exist in California, followed by an expression of the writer's views upon the subject which have come from an impartial consideration of the movement from several standpoints. Part one explains briefly the nature of branch banking , tells something of its importance and success in other countries and of its development in the United States. A discussion of the branch systems that are active in California and a detailed description of the origin, growth and importance of one large organization in the state gives an idea of the :prominence this movement is assuming. In part two the arguments for and against branch banking are presented and discussed from a theoretical basis, and also compared with the results of this type of banking a s reported by those who have had dealings with both unit and branch organizations. One difficulty confronting a study of this nature is the number of changes t hat are constantly taking place. Large banking systems are being consolidated into single organizations. Holding companies are formed to bring. important organizations, both unit and branch, under central control. In banking, as in other types of business, the movement is toward fewer and larger systems. Since this study was begun in 1928, a number of such changes have taken place. In all cases an attempt has been made to revise the material to conform with conditions as they existed January 1, 1930. Many times it has not been possible to determine completely the inter-corporate relations between large organizations. Much of the material for t his study has been taken from magazine articles written by bankers and students of banking problems. The daily newspapers have been another source. To date, very few books have been published which treat of this subject except in a very general way. It is hoped that some ideas have been developed which, while likely not new to those who have made studies of this subject, will be taken as an attempt on the part of the writer to present the strong and weak points of branch banking as he sees it.

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Financial illiteracy broadly affects people’s financial and economic well-being. The purpose of this thesis is to identify how the magnitudes of financial literacy determinants change under different residency settings. A county-level calculation of financial literacy is created, and logit and negative binomial regressions are employed to compare the relationship between demographic variables and financial literacy in metro/non-metro and urban/rural counties. Data on individual’s financial knowledge and personal characteristics is obtained from the FINRA National Financial Capability Study. Urban and rural residency is determined using USDA ERS Rural-Urban Continuum Codes and the Index of Relative Rurality. These results provide an improved understanding of who is more likely to experience higher and lower financial literacy and may be useful for policymakers and educators wanting to provide targeted resources for improving financial literacy in their area.

This thesis analyzes the relation between female representation in private sector decision-making positions and the two predicted variables: the gender wage gap and the average female private-sector wage. Using regional data for Sweden’s 290 municipalities during the year 2014- 2018, OLS and panel fixed effect regression analysis is performed. A gender wage gap exists in all of Sweden’s municipalities. It is found that an increase in the representation of female decision-makers in the private sector significantly adds to the narrowing of the gender wage gap. The relation between female representation in private sector decision-making and average female wages is not found significant. Municipalities can use these findings as motivations for the importance of promoting female managers and when working to reduce the stigma and social norms surrounding females in decision-making positions.

The housing market is one of the most important markets for many economic agents. Large differences in the local market across Sweden suggest regional heterogeneity, however. This study aims to answer if the price and income elasticities of demand for small houses vary between different types of Swedish municipalities. This answer is explored in the light of the central place theory and location theory to see if they follow a hierarchal structure across space. To test this empirically, the 290 municipalities were grouped based on the Swedish Association of Local Authority and Regions’ definitions and tested group-wise using a log-log fixed-effect average hedonic price model using data for 2013-2020. The main findings indicate some differences in the estimates of price and income elasticities between different types of municipalities, but mixing results whether they follow a hierarchal relationship. The conclusions changes depending on which scale one measure, which indicate how local the housing market is.

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