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Knowledge And Meliorism In The Evolutionary Theory Of F. A. Hayek, Mufil Sabooglu, Richard N. Langlois
Knowledge And Meliorism In The Evolutionary Theory Of F. A. Hayek, Mufil Sabooglu, Richard N. Langlois
Economics Working Papers
No abstract available.
Explaining Recent Connecticut Bank Failures, Stephen M. Miller
Explaining Recent Connecticut Bank Failures, Stephen M. Miller
Economics Working Papers
Significant numbers of U.S. commercial bank failures in the late 1980s and early 1990s raise important questions about bank performance. We develop a failure-prediction model for Connecticut banks to examine events in 1991 and 1992. We adopt data envelopment analysis to derive measures of managerial efficiency. Our findings can be briefly stated. Managerial inefficiency does not provide significant information to explain Connecticut bank failures. Portfolio variables do generally contain significant information.
Transaction Costs, Production Costs, And The Passage Of Time, Richard N. Langlois
Transaction Costs, Production Costs, And The Passage Of Time, Richard N. Langlois
Economics Working Papers
No abstract available.
Forecasting And Analyzing Economic Activity With Coincident And Leading Indexes: The Case Of Connecticut, Pami Dua, Stephen M. Miller
Forecasting And Analyzing Economic Activity With Coincident And Leading Indexes: The Case Of Connecticut, Pami Dua, Stephen M. Miller
Economics Working Papers
We develop coincident and leading employment indexes for the Connecticut economy. Four employment-related variables enter the coincident index while five employment-related variables enter the leading index. The peaks and troughs in the leading index lead the peaks and troughs in the coincident index by an average of 3 and 9 months. Finally, we use the leading index in vector-autoregressive (VAR) and Bayesian vector-autoregressive (BVAR) models to forecast the coincident index, nonfarm employment, and the unemployment rate.
An Evaluation Of Limited Equity Housing Cooperatives In The United States, Gerald Sazama, Roger Willcox
An Evaluation Of Limited Equity Housing Cooperatives In The United States, Gerald Sazama, Roger Willcox
Economics Working Papers
Limited equity cooperatives (LECs) are evaluated within the following framework: 1) the effect of resident participation on operating costs, 2) the disutility of time and effort that members devote to co-op activities, 3) the intangible benefits of co-op living, 4) the degree of subsidization, and 5) the financial viability of LECs. As a result of information gathered from interviews of field practitioners and academic experts, the authors' personal experiences, and a review of the literature, LECs are seen as an effective way of providing home-ownership opportunities for low-income families the United States.