Digital Commons Network^™

Mental Health And Employment Transitions, Carole Gresenz, Roland Sturm

Roland Sturm

No abstract provided.

Does Relative Deprivation Predict The Need For Mental Health Services?, Christine Eibner, Carole Gresenz, Roland Sturm

Roland Sturm

No abstract provided.

Culture And Prosperity: The Truth About Markets—Why Some Nations Are Rich But Most Remain Poor (Book Review), Jonathan B. Wight

Economics Faculty Publications

John Kay’s latest book offers an absorbing romp through the history of economic thought in the 20th century. Kay attempts to explain the complex reality of a modern market system rather than resorting to simplistic theorizing about it. Gone are perfectly rational traders, perfectly competitive markets, incentive compatibilities, low transaction costs, informational symmetries, and no externalities. Kay highlights problems and problem solving as the ubiquitous and historical strata through which markets in the West evolved.

Management Practices In A Profitable South Dakota Beef Cow-Calf Operation: A Case Study, Carol J. Cumber, Jill Pravatiner

Economics Commentator

No abstract provided.

Deregulation Of The Oil And Gas Industry In Nigeria, F. Kupolokun

Economic and Financial Review

This paper examine various developmental reforms in Nigeria Oil and Gas sector. The case study adopted is the survey method approach to ascertain various reforms in the sector. The findings revealed factors such as ( a) Petroleum Products scarcity ; (b) Funding problems for NNPC leading to irregular maintenance of refining and distribution facilities ; ( c) Refining capacity under-utilization ; ( d) Smuggling of Petroleum products; ( e) Divestment by marketers; (f) Wastages; (g) Adulteration of products and fire hazards; (h) Social and political unrest; (i) Poor economic growth; and (j) Rampant pipeline ruptures and vandalization. And, in tackling …

Privatisation Of Public Utilities In Nigeria, Mike I. Obadan

Economic and Financial Review

This paper reviews the experience so far with the privatization of public utilities. To this end, the paper is organized into five sections. In order to underscore the essence of the programme, Section II makes a strong case for the privatization of public utilities in Nigeria while Section III discuses the significance of strategy and regulation in privatizing public utilities. Section IV is a review of the privatization journey so far with respect to public utilities. The fifth Section contains the concluding remarks.

Deregulation And Its Implications For Economic Growth, B.E. Aigbokhan

Economic and Financial Review

The study found that real exchange rate has a positive and significant impact on growth, inflation has similar impact. Government fixed investment has negative significant impact on growth, and so does external debt. Fiscal deficit was found to have positive but insignificant impact on growth. As the period covered in the study contains twenty six pre-deregulation years, the influence of deregulation may not have been accurately captured. Partly to address this concern, a dummy variables was introduced for the SAP years. It was found not to be significant, implying that the (SAP) introduced since 1986 did not translate into long-run …

An Overview Of Nigeria's Economic Reform In-House Seminar On "Current Economic Reforms In Nigeria: The Case Of Deregulating The Downstream Petroleum Subsector", For Cbn Executive Staff, G.J. Donli

Economic and Financial Review

The article discusses the different reforms adopted by different administrations in addressing the crisis faced by our economy since 1960, most especially the current reforms being pursued by the Obasanjo administration. To achieve this, the rest of the paper is divided into four parts. Part two gives an Overview of the State of the Nigerian Economy with greater emphasis on the various economic reform programs put in place by successive governments to fine tune the economy to desired results.. The third part reviews the Current Economic Reform with particular emphasis on the National Economic Empowerment and Development Strategy (NEEDS), while …

Employment Guarantee For Rural India, A Ganesh-Kumar, Srijit Mishra, Manoj Panda

Srijit Mishra

A report of a round-table discussion held in Mumbai in November 2004 on the proposed employment guarantee programme.

Boeing-Airbus Subsidy Dispute: A Sequel, Robert J. Carbaugh, John Olienyk

All Faculty Scholarship for the College of Business

After intensifying in the 1980s and 1990s, the longstanding dispute between Europe and the United States over government subsidies for the commercial jetliner industry again heated up in 2004. This time, however, the stakes were higher because both nations sued each other at the World Trade Organization over government subsidies paid to their respective commercial jetliner companies. The dispute over subsidies has heightened trade tensions between the United States and Europe, as both companies spar for dominance in the highly competitive industry of commercial aircraft.

This paper provides a sequel to "Boeing-Airbus Subsidy Dispute: An Economic and Trade Perspective," a …

Why Experimental Finance?, Shyam Sunder

Shyam Sunder

No abstract provided.

Religious Sectarianism: Lessons To Be Learnt From Pakistan, Vikas Kumar

Vikas Kumar

No abstract provided.

Local And Regional Policy Implications Of Agriculture's "Multifunctionality", Thomas L. Dobbs

Economics Commentator

No abstract provided.

The Economics Of Limited Liability: An Empirical Study Of New York Law Firms, Scott Baker, Kimberly D. Krawiec

ExpressO

Since the rapid rise in organizational forms for business associations, academics and practitioners have sought to explain the choice of form rationale. Each form contains its own set of default rules that inevitably get factored into this decision, including the extent to which each individual firm owner will be held personally liable for the collective debts and obligations of the firm. The significance of the differences in these default rules continues to be debated. Many commentators have advanced theories, most notably those based on unlimited liability, profit-sharing, and illiquidity, asserting that the partnership form provides efficiency benefits that outweigh any …

Opening Remarks: Seminar On Current Economic Reforms In Nigeria: The Case Of Deregulating The Downstream Petroleum Subsector, S. B. C. Ekpedekumo

Economic and Financial Review

This is the opening remarks by S. B. C. Ekpedekumo, Acting. Director; Human Resources Department, central Bank of Nigeria, at the In-house seminar on “current economic reforms in Nigeria: the case of deregulating the downstream petroleum subsector’’ for CBN Executive Staff, Ilorin, October 25 . 29, 2004.

Keynote Address: Seminar On Current Economic Reforms In Nigeria: The Case Of Deregulating The Downstream Petroleum Subsector, Ernest C. Ebi

Economic and Financial Review

This is the Keynote address by Ernest C. Ebi, Deputy Governor Central Bank of Nigeria, Abuja, Central Bank of Nigeria, at the In-house seminar on “current economic reforms in Nigeria: the case of deregulating the downstream petroleum subsector’’ for CBN Executive Staff, Ilorin, October 25-29, 2004.

Welcome Address: Seminar On Current Economic Reforms In Nigeria: The Case Of Deregulating The Downstream Petroleum Subsector, P. O. Okonkwor

Economic and Financial Review

This is the welcome address by P. O. Okonkwor, Branch Controller, Central Bank of Nigeria, Ilorin, at the In-house seminar on “current economic reforms in Nigeria: the case of deregulating the downstream petroleum subsector’’ for CBN Executive Staff, Ilorin, October 25-29, 2004.

Special Remarks: Seminar On Current Economic Reforms In Nigeria: The Case Of Deregulating The Downstream Petroleum Subsector, 0. J. Nnanna

Economic and Financial Review

This is the special remarks by O. J. Nnanna, Director of Research, Central Bank of Nigeria, Abuja, at the In-house seminar on “current economic reforms in Nigeria: the case of deregulating the downstream petroleum subsector’’ for CBN Executive Staff, Ilorin, October 25-29, 2004.

Pricing Of Petroleum Products In Nigeria And The Issue Of Price Subsidy, G. E. Ukpong

Economic and Financial Review

This article re-examines the policy on petroleum products pricing, especially against the background 'Of government's decision in October 2003 that crude oil for domestic consumption be paid for at the prevailing international price, in order to suggest a way forward. The issue of subsidy is also discussed in that context. The rest of the paper is organized as follows: Section II contains literature review on petroleum products pricing and subsidy. Petroleum products pricing and subsidy management in Nigeria is found in section III. Section IV contains suggested way forward in products pricing in Nigeria as well as concluding thoughts.

Funding Of Oil Sector Activities In Nigeria, G. Nzekwu

Economic and Financial Review

The article examines the funding of the Nigerian oil sector considering the special importance to Nigeria and the critical impact Nigeria's oil has on the world economy. Nigeria, currently the seventh largest oil producer in the world has an oil reserves which represent 6 percent of the world's total outside the Middle East. With 4 per cent of total global production, and the fifth-largest oil producer within OPEC, Nigeria is well located relative to the world markets and so attracts buyers from the major world economies. The article then examines how higher prices of Nigeria’s oil affect the global economy; …

Deregulation Of The Downstream Petroleum Sector: The Journey So Far, Oluwole Oluleye

Economic and Financial Review

This article examines deregulation of the downstream petroleum sector in Nigeria. The article first discusses: the Nigerian government's aspirations as at 1999, evolution of the present deregulation policy, deregulation concept and downstream operators. This is followed by an examination of the Nigerian government responsibilities to operators, responsibilities of oil marketing companies, responsibilities of industry associations and responsibilities of regulatory authorities. The article then explains the mandate and vision of the PPPRA in addition to its goals and objectives. Other issues addressed by the article include: appropriate pricing, global taxation scheme, policy development in fuel taxation objectives, appropriate pricing policy. Experiences …

India: Urban Property Taxes In Selected States, Dana Weist, Roy W. Bahl, Somik Lall

ECON Publications

Property taxation has a long been a vexing issue in India, and continue to be. India faces a major structural problem with its property tax systems, resulting from the failure to resolve conflicts between assessing the true market value of property with rent control ordinances, and other limitations such as the FSI. Moreover, government officials have generally been unwilling to issue new valuation rolls, in some cases for many years. Much of the recent property tax reform in India has entailed stop-gap measures to overcome these problems, rather than engaging in comprehensive reform. Meanwhile, the growth of property tax revenues …

India: Urban Finance And Governance Review Volume Ii: Case Study Annexes, Dana Weist, Roy W. Bahl, Somik Lall, Lars Sondergaard, K. Mukundan, Ajit Karnik, Abhay Pethe, Christine Wong, Kirida Bhaopichitr

ECON Publications

The report makes an in depth analysis of what to expect of future urban population growth in cities across India. Cities play a critical role in India's development. While its one billion-plus population is predominantly rural, over 300 million people live in urban areas. One-third of this population lives in 35 urban agglomerations or cities exceeding one million. Cities' governments are responsible for delivering various public services, yet severe infrastructures shortages in water supply and sanitation, roads, transportation, housing and waste management, and inefficient management have resulted in poor quality services. These inadequate services and worsening environmental conditions affect the …

Macroeconomic Monetary Policy And Sub-Macroeconomic Impacts: Evaluation Across Eras, Christopher Douglas Kauffman

Doctoral Dissertations

This study examines the impacts of monetary policy on regions of the United States. The purpose is to show how monetary policy decisions affect the average economy relative to disaggregate components, and to examine the effects over different periods. This will provide broader insight into the workings of the economy beyond the aggregate impacts, and should add a significant amount of information to the current literature on regional monetary effects. To allow for endogeneity between variables, the vector autoregression (VAR) method is used. Impulse response functions (IRFs) are derived to show dynamic responses of regions to a monetary policy shock. …

The Social Implications Of The Deregulation Of The Downstream Petroleum Sub-Sector, Ogecbukwu Ugbam

Economic and Financial Review

This article examines the social implications of the deregulation of the downstream petroleum sub-sector in Nigeria. The deregulation of the downstream petroleum sector is part of the economic reform package of the present administration that is designed to among diversify the economic base of the country and reduce the relative dominance of the oil sector, and to create a vibrant sector that can respond to the rigors of market forces (NEEDS Document,). The article covers topics that include: an examination of the the downstream sub-sector and the rationale for deregulating the downstream sub-sector. This is that optimal allocation of resources …

Poverty Rates Of Refugees And Immigrants, Christopher R. Bollinger, Paul Hagstrom

University of Kentucky Center for Poverty Research Discussion Paper Series

No abstract.

The Economic Impact Of Methamphetamine Use In Benton County, Arkansas, Jeffery T. Collins

Publications and Presentations

Methamphetamine use among the employed population is on the rise as general methamphetamine use increases. Many employers are unaware of the extent of the methamphetamine crisis and the harmful effects that employee methamphetamine use has on the firm. While methamphetamine use is associated with tremendous expenses for society in the form of direct health care, law enforcement, and environmental costs, this study focuses exclusively on the increased costs that firms bear as a result of the methamphetamine use of their employees. The Benton County Methamphetamine Task Force commissioned this project from the Center for Business and Economic Research in the …

Private Savings In Transition Economies: Are There Terms Of Trade Shocks?, Abdur Chowdhury

Economics Faculty Research and Publications

Economic agents in the transition economies are subject to tight credit constraints, which are more pronounced during bad state of nature. Thus, adverse shocks to commodity prices in the world market can force them to reduce savings by a larger amount than they would otherwise have. Empirical analysis using a dynamic panel model and data from 21 transition economies confirm that most of the determinants of savings identified in the literature also apply to the transition economies. The transitory component in the terms of trade have a larger positive impact than the permanent component. This reflects the lack of access …

Review Of Western Welfare In Decline: Globalization And Women's Poverty. Catherine Kingfisher. Reviewed By Silvia Borzutsky., Silvia Borzutzky

The Journal of Sociology & Social Welfare

Book review of Catherine Kingfisher, Western Welfare in Decline: Globalization and Women's Poverty. Philadelphia: University of Pennsylvania Press, 2003. $49.95 hardcover, $21.95 papercover.

Consequences Of Announcements To Voluntarily Adopt The Fair Value Method Of Accounting For Stock-Based Compensation, Shilpa Manaktala, John D. Phillips, Karen Teitel

Economics Department Working Papers

We identify 133 firms that between July and December 2002, announced plans to voluntarily adopt the fair value method of accounting for stock-based compensation. We investigate whether such announcements increased the quality of these firms’ earnings as perceived by market participants. Answering this research question not only provides evidence relevant to the debate surrounding the expensing of employee stock options, but doing so provides evidence that conservative accounting choices in general lead to higher perceived earnings quality. Using two measures of earnings quality, the price-earnings relation and the earnings response coefficient, we find evidence consistent with an increase in perceived …