1996 Kentucky Annual Economic Report
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Contents
Quarterly Forecasts for the Kentucky Economy, 1996-1998
Eric C. Thompson
"Kentucky's economy is forecast to grow slightly faster than the national economy. Faster growth in per capita income, gross state product, and employment is expected for Kentucky in most quarters from 1996 to 1998. This growth is also expected to lead to lower unemployment rates in Kentucky than the nation, and to encourage population growth in Kentucky."
U. S. Economy Experiences "Soft Landing" in 1995; Look for More of the Same in 1996
J. Robert Gillette
"In 1995 the United States economy moved well into its fifth year of economic expansion since the last recession ending March 1991, and experienced the much publicized 'soft landing'. . . . In 1996, slow to moderate growth with low inflation should occur The forecast for real GDP centers around 2.5 percent growth."
Block Grants: Building Blocks for Welfare Reform in Kentucky?
Gail M. Hoyt and Melissa Lamb
"Although the federal proposals do address states' increased needs during times of recession and population growth through emergency assistance loans and grants, the level of assistance is not comparable to additional funds available through entitlements. . ."
Local Economics Conditions and KERA
Stephan J. Goetz and David L. Debertin
"KERA is being implemented across districts with widely diverging socioeconomic characteristics. As a result, it is not surprising that the linkages between KERA reforms, test scores, and income gains are not yet as strong as policy makers and the public might expect."
Chasing Smokestacks: An Analysis of Economic Development Incentives
Dan A. Black and Amitabh Chandra
"It appears that the IRB [Industrial Revenue Bonds] incentives had a permanent impact on the earnings of the county."
County-Level Differences in Per Capita Transfer Income
William H. Hoyt and Frank A. Scott, Jr.
"Transfer payments to individuals vary significantly among counties in Kentucky. Much of this variation is to be expected, given the variation in household income. Not all, however, appears attributable to differences in the characteristics of the populations of the counties."
The Earnings of Kentucky Workers, 1988-1994
Mark C. Berger
"Those persons in manufacturing jobs continued to see their earnings increase relative to those in retail trade from 1988 to 1994. . . . The difference between female and male annual earning . . . was 25.8 percent in 1988 and 17.2 percent in 1994."