How Congestion Growth Affects Income Growth - 1634 Words

Our primary interest is to identify how congestion growth affects income growth in a metropolitan region. In Table 2 and 3, the results of the simultaneous equation models show that the coefficient estimates for congestion growth are negative and significant at the 10% level. That is, congestion growth has a negative effect on income growth in both 2000s and 1990s. Specifically, every one-percentage increase in congestion growth leads to a 0.07% and a 0.19% decrease in income growth during 2000s and 1990s, respectively. As expected, the results show that congestion growth has a negative effect on income growth. In addition, the initial condition of traffic congestion is negatively associated with income growth in 1990s, meaning that higher levels of initial traffic congestion negatively affects household income. However, it is not statistically significant in 2000s. The coefficient estimate for the employment growth is statistically positive at the 1% level in 1990s. Specifically, all else being equal, every one-percentage increase in employment growth leads to a 0.60% increase in income growth during the period. This result supports notion that employment growth raises wages and thus produce positive wage growth (Lewis, et al., 2002). This is because positive employment growth provides more available jobs, which attracts job-seekers. Increased population affects employment by increasing demand and services and providing a larger workforce as well. Such shifts in regions’Show MoreRelatedEmpirical Results For Employment, Income, And Congestion Growth Model1857 Words   |  8 Pagesexplain 46%, 63%, and 59% of variations in growth of employment, income, and congestion, respectively. The coefficients for the endogenous variables (Employment growth, income growth, and congestion growth) are statistically significant, indicating the interdepe ndence of employment growth, income growth, and congestion growth. Table 2. Estimation Results for the Employment, Income, and Congestion Growth Model INC Growth EMP Growth CON Growth Employment Growth 0.18258 *** 0.96320 *** (0.06479 ) Read MorePopulation Increase and Sustainability Issues Essay907 Words   |  4 Pagesgo hand in hand with increases in population, â€Å"urban sprawl†. Phoenix continues to see an increase in population growth and thus a sustainability issue that has arisen from such growth is traffic congestion. Having too many cars on the road, cars traveling at lower speeds, and having longer trip times then in previous years causes traffic congestion (Frias, 2007). Traffic congestion in Phoenix is observed from a local spatial scale as Phoenix is composed of many suburbs. It is important to lookRead MoreDevelopment And Development Of The Field Of Community Economic Development1633 Words   |  7 PagesTorres, Maria CED 301 Midterm Development and growth go hand-in-hand in the field of Community Economic Development. 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