An Impulse Response Function for Corporate Taxes in Barbados

For many years, corporate taxes have been an important source of Government revenue in Barbados. The variables, namely, rate of corporate tax, real income and the rate of interest were selected when applying an impulse response function to the model for corporate taxes. The function revealed the following results after respective new equilibria were attained: First, corporate taxes would contract if the rate of corporate tax had experienced an upward shock. Second, corporate tax inflows would rise sharply from an upward shock to real income. Finally, an upward shock to the rate of interest would result in a steep contraction in corporate taxes.     

Foreign Aid and Illegal Immigration

Abstract

Gaytán-Fregoso and Lahiri (2000) claim that foreign aid may increase the level of illegal immigration. This comment reconsiders their perverse findings under endogenous as well as exogenous income repatriation. Furthermore, modifying Gaytán-Fregoso and Lahiri's model, in which aid is allotted in a lump-sum fashion, it is suggested that the actual amount of foreign aid should depend on the source country's performance, i.e., on the number of illegal immigrants, since such a policy will further reduce the number of illegal immigrants.     

Mobility Information Needs of Immigrants with Limited English Proficiency (LEP) in New Jersey

Abstract

The mobility information needs of American immigrants with Limited English Proficiency (LEP) are of interest to state governments because these individuals constitute a growing share of public transit users. This article relates a project sponsored by New Jersey's Department of Transportation to learn the specific needs of the state's LEP transit users in order to serve them better. Using survey and focus group methodologies the research uncovered significant perceived need in the areas of formal and informal transit information and in the area of transit service provision to LEP communities. The authors hope that insights gained from the New Jersey survey and focus group discussions will provide preliminary information to help other transit agencies serve LEP travelers better.     

From Finances to Transnational Mobility: Searching for the Global Jihadists' Achilles Heel

ABSTRACT

This article seeks to uncover a primary source of vulnerability in the global Jihadist terrorist network. It offers a critical examination of the traditional money lead for countering global Jihadist terrorism, and concludes that in this case, it is not the most effective method. Rather, the concept of transnational mobility, both as it relates to socialization into and professionalization within the Jihadist network, is identified as the lifeblood of the network, and thus an arguably more appropriate focus for countering strategies. Issues surrounding travel document security are analysed within an overarching dichotomous framework of offensive/defensive counter-terrorism strategies, emphasizing the need for active penetration by intelligence forces into the terrorist networks and relevant mobility-related realms.     

生态移民地区农民收入倍增问题研究——以宁夏红寺堡区为例

探寻制约宁夏红寺堡区农民收入倍增目标实现的原因所在,是提出政策措施、力争使红寺堡区与宁夏同步实现全面建设小康社会宏伟目标的基础性工作.     

Comment on Jean L. Cummings and Denise DiPasquale's “The Low‐Income Housing Tax Credit: An Analysis of the First Ten Years”

Abstract

The Low‐Income Housing Tax Credit (housing credit) that Cummings and Di‐Pasquale portray is effective, efficient, and healthy. However, rapid changes in the industry have turned some of their data stale, and the absence of suitable context and information invalidate some key analyses and findings. Moreover, the researchers sometimes seem to see the glass as 10 percent empty instead of 90 percent full. A practitioners’ perspective is more positive.

The housing credit generates an array of public benefits while harnessing private investors’ business discipline. Genuinely low‐income tenants occupy the housing. The housing revitalizes low‐income communities. Properties are in good financial and physical condition. The housing credit is also cost effective. The economic fundamentals of producing low‐income rental housing, not the housing credit, necessitate substantial subsidies. A remarkably high proportion of the federal tax‐credit subsidy goes into the housing, and investor returns are modest. Nonprofit‐sponsored production appears to cost more because nonprofits are prominent in high‐cost locations and for other similar reasons, not because nonprofit developers are inefficient.     

Comment on Charles C. Bohl's “New urbanism and the city: potential applications and implications for distressed inner‐city neighborhoods"—the politics of design: The new urbanists vs. the grass roots

Abstract

This article briefly reviews the origins of New Urbanism and its manifesto as emerging from the social change movements of the 1960s, which evolved out of ideas of a previous generation of American and European designers living through the rise of modern industrialization. Arising from the same turmoil of the 1960s, and parallel to the New Urbanists, evolved a more loosely affiliated network of progressive academic and practicing planners and architects who have aligned themselves with disenfranchised underclasses not benefiting from the wealth of the postwar era and who take direction not from a manifesto but from a body of thinking linked to a broader intellectual and political agenda. This group works primarily with grassroots organizations in lower‐income communities and intentionally stays out of the limelight to better serve its constituents. The article concludes with ideas for possible collaboration between these professional groups serving different ends of the socioeconomic spectrum.     

A new look at creative finance

Abstract

In his seminal work, Stegman contended that creative finance is an inefficient means of financing low‐income housing production. As evidence, he cited the high transaction costs associated with the complex financing structures that make a low‐income housing development feasible. In this article, we extend Stegman's work by examining the impacts of creative finance over time. We rely on data gathered as part of an evaluation of 36 housing developments sponsored by nonprofits.

The data indicate that most of the developments in our study remained financially viable in part because of their reliance on creative finance. We find evidence supporting three positive impacts of creative finance: the establishment of long‐term partnerships, the increased community acceptance of low‐income housing developments, and the improved technical skills of organization staff. We also find that none of the long‐term negative impacts are inherent in creative finance and offer four suggestions on minimizing them.     

The convergence of nonequity housing models in Canada: Changes to housing policy since 1990

Abstract

This study examines the impact of housing policy convergence on the nonequity housing system in Ontario, Canada. Ontario has four distinct nonequity housing models— public, nonprofit cooperative, municipal nonprofit, and private nonprofit. This article argues that since 1990, housing policy in Canada, and particularly in Ontario, has become increasingly influenced by the neoconservative agenda of downsizing and decentralization of government functions found in the United States.

The findings reveal that changes to housing policy have caused the convergence of nonequity housing models in the areas of management and administration. Drawing on the present findings and on an experimental project in tenant management, this article argues that the trend toward convergence will continue and will likely result in one nonequity housing model in Canada. This pattern is interpreted in light of the neoconservative agenda of both countries that emphasizes private sector solutions to housing low‐income families.     

Assessing Economic Change in HOPE VI Neighborhoods

Abstract

Neighborhoods surrounding large public housing developments have historically been economically distressed. The revitalization of many developments through the federal HOPE VI program, in conjunction with increased inner‐city lending and a strong economy for much of the 1990s, should theoretically lead to improvements in these neighborhoods. This study analyzes changes in selected HOPE VI neighborhoods since 1990 and compares them with changes in other high‐poverty communities, as well as with overall trends in their respective cities.

At the beginning of the decade, conditions in HOPE VI communities were almost universally worse than in other high‐poverty areas. By the end of the decade, the relationship was reversed. The changes resulted from a number of interrelated factors, including the redevelopments themselves, other private market activity, specific commitments of resources by city governments, and increased attention to the communities by lenders. These neighborhoods still qualify as economically distressed, but economic development now seems a realistic possibility.