Dr. Morreale and I are so pleased to soon be able to share the results of our research with everyone! I do not want to reveal of of our results but I will say that we found many interesting conclusions that very much impact the world around us, especially in New York City itself. Many of our original hypotheses were realized throughout the conclusion of this project, which is always encouraging. However, there were some surprises in the results that we did not expect regarding certain variables in our equation. We did find that different characteristics and factors influence existing global cities differently than they influence emerging global cities. This was our main hypothesis going into the project that sort of spurred our curiosity in this area of research to begin with.
It is amazing to me how much progress I have made throughout this entire experience. I have learned so much from Dr. Morreale and we were even discussing the other day how this project has pushed us both to great lengths. In fact, I said specifically that I did not know I was even capable of doing something like this at this level of education. I am continually amazed by what we’ve been accomplishing since September and I have no doubt many of my peers feel the same way. It truly is a remarkable experience to be able to push yourself to new limits to find what you are ultimately capable of.
The overall impact of this research on me goes far beyond the classroom. I have of course learned many things in terms of writing style and composition within the area of economics and I have polished my presentation skills as well. However, I have also learned many things about time management and responsibility. This project has opened my eyes to a new field of economics, urban economics, more than I ever thought possible and it is an area I will consider investigating deeper throughout the rest of my life. I am grateful to have been chosen for this opportunity and I can say that my knowledge has increased exponentially in immeasurable ways throughout this whole experience and I look forward to presenting at the showcase next month!
Between the last blog post and this one, there has been an enormous amount of work and progress happening on my project with Professor Morreale. Yesterday, we even presented at the Eastern Economics Association (EEA) Conference in NYC with tow other students in UGR. In order to be ready for this presentation, Professor Morreale and I had to have a finalized version of our paper done and a 10-15 minute presentation to go with it. I am pleased to say we did achieve both of those goals and everyone’s presentation went very well.
However, now that the EEA presentation is over, we have decided to make some changes to our models and our paper. We are thinking of increasing our sample size and possibly adding a few more data points (variables) to our model to see if we can explain more changes in the way existing global cities and emerging global cities operate and if they are more similar or different from each other. We are also starting to develop ideas for the UGR showcase about our physical and visual representation for our project and we are both very excited about those ideas!
I have learned many things throughout this process, particularly in these recent weeks. One thing I have been very grateful for is editing. I was very proud of the paper that Professor Morreale and I represented at the EEA conference but it did not start out that way. Professor Morreale must have read and looked over the paper upwards of ten times before it was anything close to a finalized version. If this had not been the case, I don’t know what the paper would look like. In that same vein, I am always amazed at how much progress I have made and how far I am able to push myself in situations like this. There were many points that I felt like I was never going to be able to get a paper and presentation done in time for the end of February. But I did. To me, that is one of the most rewarding parts about this program, is tapping into your full potential, especially when you may not have even realized that that’s what you were capable of.
Overall, I am very excited to change up our model going forward and to see how this affects our results! I am also excited to fine-tune the paper even more and start more in-depth brainstorming about our final presentation. From the EEA conference Professor Shostya as well as some of the other UGR had made some great points and suggestions for Professor Morreale’s and my project and I cannot wait to discuss those more and incorporate them into our final product. I just can’t wait to share with everyone the amazing work that Professor Morreale and I have done over the past semester and a half because it an important issue that both of us feel very passionate about and I just want to be able to share that with all of you as well.
Throughout these past few weeks Professor Morreale and I have compiled a Lit Review and are now beginning to gather data. In order to gather data in the most efficient way, we have been asking ourselves, “what makes a global city?”. Based on the lit review there are many different answers; some economists put more emphasis on creativity while others put more emphasis on infrastructure and financial centers. So, we have decided to create our own index and model based on each of the important factors and give them different weighting based on our observations and what we view as the most important.
After we have made the model we will test it on the top ten cities right now and the top ten cities that are said to grow the most in the next ten years in order to see where they will rank up in the future. Also, by creating this model and putting more weight on certain characteristics and components over others, it will help us see what components are most important in the future of the global economy. Our goal is to come up with the ten cities that will be most influential in the future and then state how those cities will effect the global economy. However, this process has been more difficult than we anticipated because when talking about global cities and the global economy in the future there is more to focus on than just economics, we must look at the interaction of sociology, political science and economics as well as others. It will be difficult when writing the final paper to keep it narrow enough that our model is not so far-fetched but also to keep it wide enough so that it is relate-able and interesting to different disciplines.
Overall, I have learned a great deal more about urban economics and the way cities work throughout this process. I have also been surprised as some of the results in the data as to which cities are the fastest growing and what is making them grow. I look forward to learning more and I cannot wait to write more of the paper and test more of the models so Professor Morreale and I can start to analyze and draw our own conclusions from the research.
Professor Joseph Morreale and I are searching for the future of the world and the global economy, and we are seeking to find this through research of global cities. Our project will be focused on the the most important global cities of today and how they contribute to the economy as well as our prediction for what the future most important global cities will be and their impact on the global economy as well. In the end we hope to produce a final paper that can be submitted for publication as well as presented at academic conventions.
Through this research we hope to discover more about what makes an efficient and globally important city and how those cities interact with the global economy. We would also like to understand what makes these global cities have such a big impact on the global economy and why is it that the same three cities are atop every index and list we have found so far of the most powerful cities? In other words, what sets those cities (NYC London and Tokyo) apart from all of the other global cities, and what do they do better than others?
To find the answers to many of those posed questions we are going to use a variety of indices to guide our research about the top 20 most influential global cities. Then we will gather data on those cities to see what sets them apart from other global cities and make a regression model based on our findings. Finally, we will use these regression models to help predict what cities will become more important in the next five to ten years and how that will influence and change the global economy.
In doing all of that, I expect to learn a great deal from this project. Not only will it further my economics education, but it will also help me learn more about writing academically and doing major research. I also expect that I will learn more about cities and the makeup of cities as well as the global economy as a whole. Further, I hope that I will develop my presentation and analytic skills throughout the entirety of this process and become more confident in my area of study.