Hi all!
Please have a look at my first practice AOA and please vote and feel free to critique.
Mike
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The following appeared in a research paper written for an introductory economics course:
"For the past century, an increase in the number of residential building permits issued per month in a particular
region has been a reliable indicator of coming improvements to that region's economy. If the monthly number of
residential building permits issued rises consistently for a few months, the local unemployment rate almost always
falls and economic production increases. This well-established connection reveals an effective method by which a
regional government can end a local economic downturn: relax regulations governing all construction so that many
more building permits can be issued."
Discuss how well reasoned . . .etc.
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The research paper claims that regional governments can end a local economic downturn by relaxing regulations governing all construction. The paper cites a particular region in which increases in the number of building permits issued is a reliabile indicator of coming improvements. Additionally the paper links increased numbers of building permits over successive months with decreases in unemployment. Although the data seems to support the argument, additional invesitgation is required.
An increase in the number of building permits may be an effect of an improving economy rather than a cause. Data defending this cause and effect relationship would be essential for the agrument to stand.
Additionally, the strategy of relaxing the building regulations in order to manage demand must be analyzed. First, how much relaxing would be necessary in order to increase demand for permits month over month during an economic downturn? Secondly, what would the negative effects of relaxing these building codes be? These questions must be thoroughly researched in order to make an informed decision.
The data cited in the paper comes from one particular region. It must be determined whether or not this data is reliablie enough to apply to other regions. Additional research on other regions would provide support for this.
Lastly, the researcher does not consider the idea that this strategy has been attempted before. It is very plausable that building codes have been relaxed and tightened in the past. Research on this data would be of great interest.
I would not reccomend following the advice in this research paper without significantly more research addressing the issues stated above.
Please have a look at my first practice AOA and please vote and feel free to critique.
Mike
********************************
The following appeared in a research paper written for an introductory economics course:
"For the past century, an increase in the number of residential building permits issued per month in a particular
region has been a reliable indicator of coming improvements to that region's economy. If the monthly number of
residential building permits issued rises consistently for a few months, the local unemployment rate almost always
falls and economic production increases. This well-established connection reveals an effective method by which a
regional government can end a local economic downturn: relax regulations governing all construction so that many
more building permits can be issued."
Discuss how well reasoned . . .etc.
********************************
The research paper claims that regional governments can end a local economic downturn by relaxing regulations governing all construction. The paper cites a particular region in which increases in the number of building permits issued is a reliabile indicator of coming improvements. Additionally the paper links increased numbers of building permits over successive months with decreases in unemployment. Although the data seems to support the argument, additional invesitgation is required.
An increase in the number of building permits may be an effect of an improving economy rather than a cause. Data defending this cause and effect relationship would be essential for the agrument to stand.
Additionally, the strategy of relaxing the building regulations in order to manage demand must be analyzed. First, how much relaxing would be necessary in order to increase demand for permits month over month during an economic downturn? Secondly, what would the negative effects of relaxing these building codes be? These questions must be thoroughly researched in order to make an informed decision.
The data cited in the paper comes from one particular region. It must be determined whether or not this data is reliablie enough to apply to other regions. Additional research on other regions would provide support for this.
Lastly, the researcher does not consider the idea that this strategy has been attempted before. It is very plausable that building codes have been relaxed and tightened in the past. Research on this data would be of great interest.
I would not reccomend following the advice in this research paper without significantly more research addressing the issues stated above.
