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Articles 1 - 30 of 324
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Central Bank Of Nigeria Annual Report And Statement Of Accounts For The Year Ended 31st December 1999, Central Bank Of Nigeria
Central Bank Of Nigeria Annual Report And Statement Of Accounts For The Year Ended 31st December 1999, Central Bank Of Nigeria
CBN Annual Report
The Annual Report contains details of Central Bank of Nigeria (CBN) financial activities during the 1999 accounting year in accordance with statutory requirement. During the period under review, the Bank carried out its core functions under CBN Decree No. 24, 1991, and the Banks and Other Financial Institutions (BOFI Decree No. 25, 1991). The CBN also performed developmental and technical assistance roles to contribute to economic development and capacity building. In 1999, the CBN carried out core functions, including issuance of currency notes and coins, maintaining Nigeria's external reserves, and promoting monetary stability. The Bank implemented policies to reduce excess …
Dairy Outlook 2000, Donald L. Peterson
Dairy Outlook 2000, Donald L. Peterson
Industrial Resources: Scott County - Stamping Ground, Kentucky Library Research Collections
Industrial Resources: Scott County - Stamping Ground, Kentucky Library Research Collections
Scott County
"Resources for Economic Development: Stamping Ground, [Kentucky]" prepared by the Kentucky Cabinet for Economic Development, Division of Research in cooperation with the City of Stamping Ground, Stamping Ground, Kentucky, December 1999. The report includes, but is not limited to, information about: population, labor market, local manufacturing, transportation, utilities, fuel, water, sewage, industrial sites, local government and services, taxes, educational and health facilities, housing, communication, recreation, natural resources, markets, and climate.
Industrial Resources: Boyle County - Danville, Kentucky Library Research Collections
Industrial Resources: Boyle County - Danville, Kentucky Library Research Collections
Boyle County
"Resources for Economic Development: Danville, Kentucky (Boyle County)" prepared by the Kentucky Cabinet for Economic Development, Division of Research, and the Boyle County Industrial Foundation, 1999. The report includes, but is not limited to, information about: population, labor market, local manufacturing, transportation, utilities, fuel, water, sewage, industrial sites, local government and services, taxes, educational and health facilities, housing, communication, recreation, natural resources, markets, and climate.
Industrial Resources: Casey County - Liberty, Kentucky Library Research Collections
Industrial Resources: Casey County - Liberty, Kentucky Library Research Collections
Casey County
"Resources for Economic Development: Liberty – Casey County, Kentucky" prepared by the Kentucky Cabinet for Economic Development, Division of Research, the Economic Development Authority of Liberty/Casey County, 1999. The report includes, but is not limited to, information about: population, labor market, local manufacturing, transportation, utilities, fuel, water, sewage, industrial sites, local government and services, taxes, educational and health facilities, housing, communication, recreation, natural resources, markets, and climate.
Industrial Resources: Bracken County, Kentucky Library Research Collections
Industrial Resources: Bracken County, Kentucky Library Research Collections
Bracken County
"Resources for Economic Development: Bracken County, Kentucky" prepared by the Kentucky Cabinet for Economic Development, Division of Research, Bracken County, and the City of Brooksville, 1999. The report includes, but is not limited to, information about: population, labor market, local manufacturing, transportation, utilities, fuel, water, sewage, industrial sites, local government and services, taxes, educational and health facilities, housing, communication, recreation, natural resources, markets, and climate.
Industrial Resources: Bourbon County - Paris, Kentucky Library Research Collections
Industrial Resources: Bourbon County - Paris, Kentucky Library Research Collections
Bourbon County
"Resources For Economic Development: Paris (Bourbon County)" prepared by the Paris-Bourbon County Chamber of Commerce and the Kentucky Cabinet for Economic Development Division of Research, December 1999. The report includes, but is not limited to, information about: population, labor market, local manufacturing, transportation, utilities, fuel, water, sewage, industrial sites, local government and services, taxes, educational and health facilities, housing, communication, recreation, natural resources, markets, and climate.
Coordination Risk And The Price Of Debt, Stephen Morris, Hyun Song Shin
Coordination Risk And The Price Of Debt, Stephen Morris, Hyun Song Shin
Cowles Foundation Discussion Papers
Creditors of a distressed borrower face a coordination problem. Even if the fundamentals are sound, fear of premature foreclosure by others may lead to pre-emptive action, undermining the project. Recognition of this problem lies behind corporate bankruptcy provisions across the world, and it has been identified as a culprit in international financial crises, but has received scant attention from the literature on debt pricing. The apparent multiplicity of equilibria is a barrier to development of this issue in asset pricing, but this multiplicity is only apparent. Without common knowledge of fundamentals, the incidence of failure is uniquely determined provided that …
Industrial Resources: Knott County, Kentucky Library Research Collections
Industrial Resources: Knott County, Kentucky Library Research Collections
Knott County
"Resources for Economic Development: Knott County" prepared by the Kentucky Cabinet for Economic Development, Division of Research in cooperation with the city of Hindman, December 1999. The report includes, but is not limited to, information about: labor markets, local manufacturing, transportation, utilities, fuel, water, sewage, industrial sites, local government and services, taxes, educational and health facilities, housing, communication, recreation, natural resources, markets and climate.
Discrete Fourier Transforms Of Fractional Processes, Peter C.B. Phillips
Discrete Fourier Transforms Of Fractional Processes, Peter C.B. Phillips
Cowles Foundation Discussion Papers
Discrete Fourier transforms (dft’s) of fractional processes are studied and an exact representation of the dft is given in terms of the component data. The new representation gives the frequency domain form of the model for a fractional process, and is particularly useful in analyzing the asymptotic behavior of the dft and periodogram in the nonstationary case when the memory parameter d > 1/2. Various asymptotic approximations are suggested. It is shown that smoothed periodogram spectral estimates remain consistent for frequencies away from the origin in the nonstationary case provided the memory parameter d < 1. When d = 1, the spectral estimates are inconsistent and converge weakly to random variates. Applications of the theory to log periodogram regression and local Whittle estimation of the memory parameter are discussed and some modified versions of these procedures are suggested.
Coordination Risk And The Price Of Debt, Stephen Morris, Hyun Song Shin
Coordination Risk And The Price Of Debt, Stephen Morris, Hyun Song Shin
Cowles Foundation Discussion Papers
Creditors of a distressed borrower face a coordination problem. Even if the fundamentals are sound, fear of premature foreclosure by others may lead to pre-emptive action, undermining the project. Recognition of this problem lies behind corporate bankruptcy provisions across the world, and it has been identified as a culprit in international financial crises, but has received scant attention from the literature on debt pricing. Without common knowledge of fundamentals, the incidence of failure is uniquely determined provided that private information is precise enough. This affords a way to price the coordination failure. Comparative statics on the unique equilibrium provides several …
Nonlinear Econometric Models With Cointegrated And Deterministically Trending Regressors, Yoosoon Chang, Joon Y. Park, Peter C.B. Phillips
Nonlinear Econometric Models With Cointegrated And Deterministically Trending Regressors, Yoosoon Chang, Joon Y. Park, Peter C.B. Phillips
Cowles Foundation Discussion Papers
This paper develops an asymptotic theory for a general class of nonlinear nonstationary regressions, extending earlier work by Phillips and Hansen (1990) on linear cointegrating regressions. The model considered accommodates a linear time trend and stationary regressors, as well as multiple I(1) regressors. We establish consistency and derive the limit distribution of the nonlinear least squares estimator. The estimator is consistent under fairly general conditions but the convergence rate and the limiting distribution are critically dependent upon the type of the regression function. For integrable regression functions, the parameter estimates converge at a reduced n 1 /4 rate and have …
Unit Root Log Periodogram Regression, Peter C.B. Phillips
Unit Root Log Periodogram Regression, Peter C.B. Phillips
Cowles Foundation Discussion Papers
Log periodogram (LP) regression is shown to be consistent and to have a mixed normal limit distribution when the memory parameter d = 1. Gaussian errors are not required. Tests of d = 1 based on LP regression are consistent against d < 1 alternatives but inconsistent against d > 1 alternatives. A test based on a modified LP regression that is consistent in both directions is provided.
Maximum Likelihood Estimation In Panels With Incidental Trends, Hyungsik Roger Moon, Peter C.B. Phillips
Maximum Likelihood Estimation In Panels With Incidental Trends, Hyungsik Roger Moon, Peter C.B. Phillips
Cowles Foundation Discussion Papers
It is shown that the maximum likelihood estimator of a local to unity parameter can be consistently estimated with panel data when the cross section observations are independent. Consistency applies when there are no deterministic trends or when there is a homogeneous deterministic trend in the panel model. When there are heterogeneous deterministic trends the panel MLE of the local to unity parameter is inconsistent. This outcome provides a new instance of inconsistent ML estimation in dynamic panels, and, unlike earlier results of this type, applies when both T approaches infinity and N approaches infinity.
Political Correctness, Stephen Morris
Political Correctness, Stephen Morris
Cowles Foundation Discussion Papers
An informed advisor wishes to convey her valuable information to an uninformed decision maker with identical preferences. Thus she has a current incentive to truthfully reveal her information. But if the decision maker thinks the advisor might be biased in favor of one decision, and the advisor does not wish to be thought to be biased, the advisor has a reputational incentive to lie. If the advisor is sufficiently concerned about her reputation, no information is conveyed in equilibrium. In a repeated version of this game, the advisor will care.
Shrinking Kin Networks In Italy Due To Sustained Low Fertility, Cecilia Tomassini, Douglas A. Wolf
Shrinking Kin Networks In Italy Due To Sustained Low Fertility, Cecilia Tomassini, Douglas A. Wolf
Center for Policy Research
Among the closely watched demographic trends of the late 20th Century is a pronounced drop in fertility rates throughout much of the world. Italy presents a particularly interesting case for study: in 1960, Italy’s total fertility rate (TFR) was 2.41; by 1995 it had fallen to 1.17. According to United Nations projections, by 2050 Italy will be the second oldest country in the world, with 3.4 persons aged 60 or older for each person under age 15. Besides overall population aging, another implication of sustained low fertility is smaller families and kin groups. We investigate the consequences of projected changes …
Industrial Resources: Grant County, Kentucky Library Research Collections
Industrial Resources: Grant County, Kentucky Library Research Collections
Grant County
"Resources for Economic Development: Grant County, Kentucky” prepared by the Kentucky Cabinet for Economic Development, Division of Research, and the Grant County Industrial Development Authority, 1999. The report includes, but is not limited to, information about: population, labor market, local manufacturing, transportation, utilities, fuel, water, sewage, industrial sites, local government and services, taxes, educational and health facilities, housing, communication, recreation, natural resources, markets, and climate.
Industrial Resources: Pulaski County, Somerset, Kentucky Library Research Collections
Industrial Resources: Pulaski County, Somerset, Kentucky Library Research Collections
Pulaski County
"Resources for Economic Development: Somerset, [Kentucky]" prepared by the Kentucky Cabinet for Economic Development, Division of Research in cooperation with the Somerset/Pulaski County Development Foundation, Somerset, Kentucky, December 1999. The report includes, but is not limited to, information about: population, labor market, local manufacturing, transportation, utilities, fuel, water, sewage, industrial sites, local government and services, taxes, educational and health facilities, housing, communication, recreation, natural resources, markets, and climate.
Industrial Resources: Perry County - Hazard, Kentucky Library Research Collections
Industrial Resources: Perry County - Hazard, Kentucky Library Research Collections
Perry County
"Resources for Economic Development: Hazard, [Kentucky]" prepared by the Kentucky Cabinet for Economic Development, Division of Research in cooperation with the City of Hazard, Hazard, Kentucky, December 1999. The report includes, but is not limited to, information about: population, labor market, local manufacturing, transportation, utilities, fuel, water, industrial sites, local government and services, taxes, educational and health facilities, housing, communication, recreation, natural resources, markets, and climate.
Is Trade Liberalization An Important Cause Of Increasing U.S. Wage Inequality? The Interaction Of Theory And Policy, John B. Davis
Is Trade Liberalization An Important Cause Of Increasing U.S. Wage Inequality? The Interaction Of Theory And Policy, John B. Davis
Economics Faculty Research and Publications
The majority of mainstream economists believe that globalization and trade liberalization have had a minor role in increasing U.S. wage inequality. A minority argues that capital mobility and outsourcing indicate a larger effect. This paper first surveys these views, and then argues that how we understand the policy consequences of trade liberalization helps determine the character of our analysis of the issue itself. Thus, a shift in policy perspective, to consider the "equity costs" of trade liberalization in terms of eroded U.S. labor market institutions, produces a larger framework for analyzing the consequences of globalization and trade liberalization than is …
Prospects For Organic Agriculture In The Upper Midwest, Thomas L. Dobbs, Richard C. Shane, Dillon M. Fuez
Prospects For Organic Agriculture In The Upper Midwest, Thomas L. Dobbs, Richard C. Shane, Dillon M. Fuez
Economics Commentator
No abstract provided.
Prospects For Organic Agriculture In The Upper Midwest, Thomas L. Dobbs, Richard C. Shane, Dillon M. Fuez
Prospects For Organic Agriculture In The Upper Midwest, Thomas L. Dobbs, Richard C. Shane, Dillon M. Fuez
Economics Commentator
No abstract provided.
International Trade, Monetary Policy, And The Yellow Brick Road, Joseph Santos
International Trade, Monetary Policy, And The Yellow Brick Road, Joseph Santos
Economics Commentator
No abstract provided.
International Trade, Monetary Policy, And The Yellow Brick Road, Joseph Santos
International Trade, Monetary Policy, And The Yellow Brick Road, Joseph Santos
Economics Commentator
No abstract provided.
Biotechnology And The Environment: Issues And Linkages, Sandra S. Batie, David E. Ervin
Biotechnology And The Environment: Issues And Linkages, Sandra S. Batie, David E. Ervin
Economics Faculty Publications and Presentations
The rapidity of change has left scant opportunity for investigation of the consequences of biotechnology adoption on long-term ecosystem or economic system functioning. Economic theory suggests that, if the "Biotechnology Revolution" is left to market forces alone, there will be neglected public goods. Theory and limited empirical evidence suggests that there are significant incentives for private firms to discount and neglect negative environmental impacts and to develop products that meet only the needs of those able and willing to pay. Negative distributional impacts on rural societies and economies will not normally enter the private calculus nor will the long-term problems …
Volatility Of Central Europe Exchange Rates: Reaction To Financial Contagion, And Policy Recommendations For European Union Accession, Lucjan T. Orlowski, Thomas D. Corrigan
Volatility Of Central Europe Exchange Rates: Reaction To Financial Contagion, And Policy Recommendations For European Union Accession, Lucjan T. Orlowski, Thomas D. Corrigan
WCBT Faculty Publications
Examines the volatility of the exchange rates in Central Europe. Role of capital account liberalization and financial market integration in exchange rate stability; Remedies employed to financial problems of each countries; Impact of Asian and Russian financial crises on currencies of Central European countries; Recommendations for European Union accession.
Judgment Proofing, Bankruptcy Policy, And The Dark Side Of Tort Liability, Charles W. Mooney Jr.
Judgment Proofing, Bankruptcy Policy, And The Dark Side Of Tort Liability, Charles W. Mooney Jr.
All Faculty Scholarship
No abstract provided.
The Regional Economic Impact Of Cleveland's Maritime Operation: An Update, Ziona Austrian, Charles Post, Adina Swirski Wolf
The Regional Economic Impact Of Cleveland's Maritime Operation: An Update, Ziona Austrian, Charles Post, Adina Swirski Wolf
All Maxine Goodman Levin School of Urban Affairs Publications
No abstract provided.
Industrial Resources: Barren County - Cave City, Kentucky Library Research Collections
Industrial Resources: Barren County - Cave City, Kentucky Library Research Collections
Barren County
"Resources For Economic Development: Cave City (Barren County)" prepared by the Kentucky Cabinet for Economic Development, Division of Research, November, 1999. The report includes, but is not limited to, information about: population, labor market, local manufacturing, transportation, utilities, fuel, water, sewage, industrial sites, local government and services, taxes, educational and health facilities, housing, communication, recreation, natural resources, markets, and climate.