Impact of the Recession on Richmond, Virginia Research Paper by Nicky

A comprehensive research paper on the effects of the recession on Richmond, Virginia, especially in comparison to the state.
# 150238 | 12,693 words | 60 sources | APA | 2012 | US
Published on Jan 30, 2012 in Economics (National) , Political Science (State and Local Politics)

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This paper examines in detail the area of Richmond, Virginia, and some of the impacts of the recession. The paper includes a research project that shows the individual impact of recession issues on the population. Sources include numerous primary and secondary data materials, current newspapers, methodological studies, and state, federal, local and private economic projections. Numerous figures, tables and graphs are included to buttress data, and there is a large bibliography.

Executive Summary
Chapter 1 - Definition
Chapter 2 - Area Overview
Chapter 3 - The Study
Chapter 4 - Literature Review
Chapter 5 - Methodology
Chapter 6- Interpretation of Research
Chapter 7 - Conclusions, Recommendations for Further Research

From the Paper:

"While it is sensical that there is a major impact from recessionary times, sometimes scholars look at the issue from a macro, rather than micro, paradigm. For the purposes of this paper, we will focus on the Richmond, Virginia, Major Metropolitan Area and what effects the recession has on that area, especially in comparison to the State. Like many big cities and little towns throughout the country today, Richmond is suffering. It is difficult for people to pay their mortgages, and many small and medium-sized businesses are going under. Some of this is happening because of what are called 'intertemporal choices." Intertemporal choices are things that have benefits and costs that are not immediate. They are spread out over time, and they are important. Often times, these are fairly common choices such as whether to have children, or which house to buy. Obviously, these are choices that have long-term implications.
"Richmond's strategic location on the James River has acted as a boon to the development of the city as a major commercial sector, emerging from the Civil War with one of the healthiest economies of the time. The city has both the U.S. Circuit Court of Appeals and a Federal Reserve Bank, and numerous major corporations. Like many major eastern urban areas, Richmond has spent the past few decades revitalizing the downtown area, building new industrial parks, and increasing the presence of academic and artistic institutions. The city is not large enough to withstand numerous corporate moves, and makes a serious and concerted effort to keep active the numerous white-collar jobs that so invigorate the area."

Sample of Sources Used:

  • Adams, Kathy. (January 17, 2009). "Circuit City Will Close U.S. Stores After Failing To Find Buyer." The Virginia Pilot. Retrieved from:
  • Anderson, S. (2008). "Is It Recession? It Doesn't Matter, the Impact is the Same." ABA Banking Journal. 100(3): 56-8. Retrieved from:'t%20Matter%2c%20the%20Impact%20Is%20the%20Same
  • Baucus, Max. (2002). "Economic Stimulus Package for 2003." United States Senate. Retrieved from:
  • Becker, G.S. (1968). "Crime and Punishment: An Economic Approach." Journal of Political Economy 76:169-217.
  • Bertot J. (2001). "Measuring Service Quality in the Networked Environment: Approaches and Considerations." Library Trends, 49(4):758-775.

Cite this Research Paper:

APA Format

Impact of the Recession on Richmond, Virginia (2012, January 30) Retrieved March 06, 2021, from

MLA Format

"Impact of the Recession on Richmond, Virginia" 30 January 2012. Web. 06 March. 2021. <>