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1992

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Full-Text Articles in Social and Behavioral Sciences

Industrial Resources: Christian County - Hopkinsville, Kentucky Library Research Collections Dec 1992

Industrial Resources: Christian County - Hopkinsville, Kentucky Library Research Collections

Christian County

"Resources for Economic Development: Hopkinsville – Christian County, Kentucky" prepared by the Kentucky Cabinet for Economic Development, Division of Research, and the Hopkinsville – Christian County Economic Development Council, 1993. 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.

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Focus On Herd Size: South Dakota Beef Cattle; Winter Grain Market Potential, Donald C. Taylor, Dillion M. Feuz, Richard Shane Dec 1992

Focus On Herd Size: South Dakota Beef Cattle; Winter Grain Market Potential, Donald C. Taylor, Dillion M. Feuz, Richard Shane

Economics Commentator

No abstract provided.

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An Economic Opportunity Concept For The Northside Of The City Of Kalamazoo, Timothy J. Bartik, George A. Erickcek Dec 1992

An Economic Opportunity Concept For The Northside Of The City Of Kalamazoo, Timothy J. Bartik, George A. Erickcek

Reports

No abstract provided.

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Firing Line Debate: Reducing The Federal Deficit In The Next Four Years Is A Top Priority, Levy Institute Dec 1992

Firing Line Debate: Reducing The Federal Deficit In The Next Four Years Is A Top Priority, Levy Institute

Archives of the Levy Economics Institute

Announcement of Firing Line debate held at the Levy Institute.

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Planning Brings A Town To Life, Chester Smolski Dec 1992

Planning Brings A Town To Life, Chester Smolski

Smolski Texts

"When the founders of the Ryland Group built their first houses in the new town of Columbia, Md., 25 years ago, they had no idea how far this venture into Howard County would take them. After all, they were just one of the 33 builders operating in Columbia who offered new homes to buyers who came to experience a different style of living in the suburbs of Washington."

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Why Fiscal Policies Matter In African Countries, M. O. Ojo, T. O. Okunrounmu Dec 1992

Why Fiscal Policies Matter In African Countries, M. O. Ojo, T. O. Okunrounmu

Economic and Financial Review

The paper discusses the critical role of fiscal policy in developing African economies. While it is accepted that fiscal management is one of the important functions of a modern state, the nature of the fiscal management in a specific environment determines, to a large extent, the overall effect of such intervention. The Nigerian experience indicates a very narrow revenue base that could not withstand the weight of public expenditure and investment.

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A Review Of Small-Scale Enterprises Credit Delivery Strategies In Nigeria, E. E. Inang, G. E. Ukpong Dec 1992

A Review Of Small-Scale Enterprises Credit Delivery Strategies In Nigeria, E. E. Inang, G. E. Ukpong

Economic and Financial Review

The paper reviews the crucial role of Small-Scale Enterprises [SSEs] in facilitating industrial development, some special advantages of existing credit schemes to small-scale enterprises, the peculiar handicaps which SSEs face, the most crucial being poor access to development finance, and highlights areas and ways in which credit guarantee and insurance schemes for SSEs could substantially contribute to their development and growth in Nigeria. Notable among the credit schemes and institutions reviewed are the Small-Scale Industries Credit Scheme (SSICS) introduced in 1971; the Nigerian Bank for Commerce and Industry (NBC!) established in 1978; the Nigerian Industrial Development Bank (NIDB); the Central …

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Developments In The Insurance Industry In Nigeria In 1990, Central Bank Of Nigeria Cbn Dec 1992

Developments In The Insurance Industry In Nigeria In 1990, Central Bank Of Nigeria Cbn

Economic and Financial Review

While the number of insurance companies operating in the Nigerian economy increased in 1990, both income and expenditure of the companies rose during the same period. The report revealed that the growth rate of income in the industry exceeded the expenditure rate, as the income to expenditure ratio rose from 1.59 to 1.81 between 1989 and 1990.

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Book Review: Eisenhower And The Management Of Prosperity By John W. Sloan, Ann Mari May Dec 1992

Book Review: Eisenhower And The Management Of Prosperity By John W. Sloan, Ann Mari May

Department of Economics: Faculty Publications

Twenty-five years ago, Dwight Eisenhower was often depicted as a president with no great competence nor interest in economics or domestic policy issues. However, as those interested in presidential studies know, Eisenhower has been posthumously rehabilitated.

The revisionist literature on Eisenhower is now becoming complete, and John Sloan's book Eisenhower and the Management of Prosperity reflects this revisionism by examining economic policy formation in the 1950s. In Sloan's book, we see an Eisenhower who was not only competent in economics, but was also very aware of the political ramifications of economic policy. We also see in Eisenhower's leadership style a …

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Intergovernmental Competition, Voice And Exit Options And The Design Of Fiscal Structure, Michael L. Marlow Dec 1992

Intergovernmental Competition, Voice And Exit Options And The Design Of Fiscal Structure, Michael L. Marlow

Economics

Taxpayers may reveal their assessment of policy through exercise of available voice and exit options within the fiscal constitution. The voice option is utilized when taxpayers remain within political boundaries and attempt to communicate their assessments regarding the institutionalstatus quo to policymakers. Exercise of the exit option occurs when taxpayers signal discontent with thestatus quo by purchasing from another government supplier. This paper discusses and contrasts theconventional andconstitutional economics views toward fiscal design and argues that a major difference exists regarding the issue of who should be awarded primary responsibility in the policy process: taxpayers or policymakers? Because voice and …

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The Role Of Central Banks In Capital Market Development: The Nigerian Experience., Alhaji A. Ahmed Dec 1992

The Role Of Central Banks In Capital Market Development: The Nigerian Experience., Alhaji A. Ahmed

Bullion

Central banks, especially in Third World countries, play a major role in the growth and development process. Although the structures, functions and powers of central bank vary from country to country, depending on the economic, political, social and other environmental realities prevailing in society, the primary role of any central bank is the promotion of monetary stability and a sound financial system. In performing this role, a central bank necessarily undertakes some functions which include the issue of legal tender currency, maintenance of the value of the national currency, enhancement of funds mobilization, facilitation of competitive efficiency among banks and …

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International Financial Operations In Nigeria’S Export Processing Zones (Epzs), A. P. Awoseyila Dec 1992

International Financial Operations In Nigeria’S Export Processing Zones (Epzs), A. P. Awoseyila

Bullion

Since the inception of SAP, the Federal Government has introduced many far reaching economic and financial measures aimed at promoting non-oil exports. Such measures include the promulgation of the incentives and Miscellaneous Provisions Decree, No. 18 of 11th July, 1986, the establishment of the Nigerian Export Import Bank (NEXIM) to provide different funds and financial assistance to exporters, the introduction of the Nigeria Economic Reconstruction Fund (NERFUND), the setting up of Small and Medium Scale Enterprises Fund (SMEs Fund) and the deregulation of the Foreign Exchange Market (FEM) which has resulted in significant depreciation of the naira exchange rate. The …

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The Role Of Regulatory Bodies In Capital Market Development: The Nigerian Experience., George Akamiokhor Dec 1992

The Role Of Regulatory Bodies In Capital Market Development: The Nigerian Experience., George Akamiokhor

Bullion

This paper examined the need for capital market regulation which is motivated by the desire to protect the investing public from malpractices, instil confidence in the system and ensure financial market and economic stability which are pivotal to economic growth and development. History has shown that inadequate or absence of regulation is detrimental to the capital market as it encourages sharp practices by participants. Regulatory agencies are therefore necessary to police activities in the market with the aim of preventing or minimizing abuses which might mar investors’ confidence, the market's integrity and stability. As financial markets get liberalized, market participants …

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Access To Credit: The Case For Rural Women., E. B. I. Oladunni Dec 1992

Access To Credit: The Case For Rural Women., E. B. I. Oladunni

Bullion

The alleviation of poverty has generally been the cornerstone of economic policy in Nigeria. Past policies have been pursued with the sole objective of improving the living standards of the people through enhanced income and generation of employment opportunities. Despite all machineries put in place, most of the women folk have not benefited because of some endemic socio-cultural problems affecting the women. This paper highlights the need for credit, conditions for attracting credit especially for rural women and the policies that can provide the right atmosphere for access to credit by rural women for sustainable development.

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The Demand For Monetary Function In Nigeria: An Empirical Investigation, F. O. Oresotu, Charles N.O. Mordi Dec 1992

The Demand For Monetary Function In Nigeria: An Empirical Investigation, F. O. Oresotu, Charles N.O. Mordi

Economic and Financial Review

This paper provides _further empirical evidence ,in the nature ,if the demand for money function in Nigeria for the period 1960-1991. 'The paper also addressed the issue of the appropriate adjustment process, structural stability of the estimated equation, as well as the influence of external factors on money demand function in an open economy, such as Nigeria.

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Incorporating Inventories Into Supply And Demand Analysis, Robert L. Sexton, Robert W. Clower, Philip E. Graves, Dwight R. Lee Dec 1992

Incorporating Inventories Into Supply And Demand Analysis, Robert L. Sexton, Robert W. Clower, Philip E. Graves, Dwight R. Lee

PHILIP E GRAVES

There is no abstract for this brief contribution.

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The Shifting Roles Of Business And Government In The World Economy, Murray L. Weidenbaum Dec 1992

The Shifting Roles Of Business And Government In The World Economy, Murray L. Weidenbaum

Murray Weidenbaum Publications

With the changing global marketplace, business firms, governments, and the consumer need to be able to understand and adapt to changing economic and technological trends in order to benefit.

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The Policy Response Of Agriculture, Leyla Abdu Prahim Hashim Dec 1992

The Policy Response Of Agriculture, Leyla Abdu Prahim Hashim

Archived Theses and Dissertations

No abstract provided.

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Hyper-Consistent Estimation Of A Unit Root In Time Series Regression, Peter C.B. Phillips Dec 1992

Hyper-Consistent Estimation Of A Unit Root In Time Series Regression, Peter C.B. Phillips

Cowles Foundation Discussion Papers

It is shown that the fully modified ordinary least squares (FM-OLS) estimator of a unit root in time series regression is T 3 /2 -consistent. Relative to FM-OLS, therefore, the least squares and maximum likelihood estimators are infinitely deficient asymptotically. Simulations show that this dominance of FM-OLS persists even in small samples.

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An Alternative Theory Of Firm And Industry Dynamics, Richard Ericson, Ariel Pakes Dec 1992

An Alternative Theory Of Firm And Industry Dynamics, Richard Ericson, Ariel Pakes

Cowles Foundation Discussion Papers

This paper provides a model of firm and industry dynamics that allows for entry, exit and firm-specific uncertainty generating variability in the fortunes of firms. It focuses on the impact of uncertainty arising from investment in research and exploration-type processes. It analyzes the behavior of individual firms exploring profit opportunities in an evolving marketplace and derives optimal policies, including exit, in this environment. Then it adds an entry process and aggregates the optimal behavior of all firms, including potential entrants, into a rational expectations, Markov perfect industry equilibrium, and proves ergodicity of the equilibrium process. Numerical examples are used to …

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The Importance Of Employer Accommodation On The Job Duration Of Workers With Disabilities: A Hazard Model Approach, Richard V. Burkhauser, J.S. Butler, Yang Woo Kim Dec 1992

The Importance Of Employer Accommodation On The Job Duration Of Workers With Disabilities: A Hazard Model Approach, Richard V. Burkhauser, J.S. Butler, Yang Woo Kim

Center for Policy Research

In line with policies long in place in Western Europe, United States disability policy is now attempting to intervene directly in the labor market to increase the employment of people with disabilities. Beginning in July, 1992, the Americans with Disabilities Act of 1990 required employers to provide reasonable accommodation to workers with disabilities. Here we use a continuous time hazard model on retrospective data from the 1978 Social Security Survey of Disability and Work to estimate the effect of employer accommodation on the subsequent job tenure of workers who suffer a work limiting health impairment. We show that the risk …

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Central Bank Of Nigeria Statistical Bulletin, December 1992, Central Bank Of Nigeria Dec 1992

Central Bank Of Nigeria Statistical Bulletin, December 1992, Central Bank Of Nigeria

CBN Statistical Bulletin

This volume data on various aspects of Nigeria's economy, including debt and banking sub-sector, central banking, financial markets, non-bank financial institutions, system clearinghouse activities, merchant and commercial banking, and public finance statistics for the year 1999. The data on financial institutions is based on the consolidation of commercial and merchant banks' first and second schedule statutory returns, computation of liquidity ratio, cash reserve ratio, loan/deposit ratio, proportion of loans to rural borrowers and small-scale enterprises, aggregate and sectoral distribution of credits, and the structure of licensed banks loans and advances. The data on financial markets is based on the consolidation …

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Price Expectations In Asset Markets With Futures Contracting, David P. Porter, Vernon L. Smith Dec 1992

Price Expectations In Asset Markets With Futures Contracting, David P. Porter, Vernon L. Smith

Economics Faculty Articles and Research

Can the introduction of a futures market assist investors in obtaining better price expectations and reduce price bubbles, and is the major determinant of the price bubble the uncertainty of the dividend structure and its effect on noise traders?

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Incorporating Inventories Into Supply And Demand Analysis, Robert L. Sexton, Robert W. Clower, Philip E. Graves, Dwight R. Lee Nov 1992

Incorporating Inventories Into Supply And Demand Analysis, Robert L. Sexton, Robert W. Clower, Philip E. Graves, Dwight R. Lee

Robert L Sexton

There is no abstract for this brief contribution.

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Incorporating Inventories Into Supply And Demand Analysis, Robert L. Sexton, Robert W. Clower, Philip E. Graves, Dwight R. Lee Nov 1992

Incorporating Inventories Into Supply And Demand Analysis, Robert L. Sexton, Robert W. Clower, Philip E. Graves, Dwight R. Lee

Robert L Sexton

There is no abstract for this brief contribution.

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Is Publicly Funded Research In Agriculture Still Needed?; Grain Price Outlook, Donald Peterson, Richard Shane Nov 1992

Is Publicly Funded Research In Agriculture Still Needed?; Grain Price Outlook, Donald Peterson, Richard Shane

Economics Commentator

No abstract provided.

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The Meaning Of Clinton's Victory, Hyman P. Minsky Ph.D. Nov 1992

The Meaning Of Clinton's Victory, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

Prepared for Presentation at Libero Instituto Universitario Carlo Cattaneo, Castellanza, Italy, Nov. 17, 1992.

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South Africa In Southern Africa, Mariam Sayed Ahmed Nov 1992

South Africa In Southern Africa, Mariam Sayed Ahmed

Archived Theses and Dissertations

No abstract provided.

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A Preview Of Clintonomics, Murray L. Weidenbaum Nov 1992

A Preview Of Clintonomics, Murray L. Weidenbaum

Murray Weidenbaum Publications

This paper is an assessment of the key economic and business actions that the Clinton Administration will focus on.

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Measuring Asset Values For Cash Settlement In Derivative Markets: Hedonic Repeated Measures Indices And Perpetual Futures, Robert J. Shiller Nov 1992

Measuring Asset Values For Cash Settlement In Derivative Markets: Hedonic Repeated Measures Indices And Perpetual Futures, Robert J. Shiller

Cowles Foundation Discussion Papers

Two proposals are made that may facilitate the creation of derivative market instruments, such as futures contracts, cash-settled based on economic indices. The first proposal concerns index number construction: indices based on infrequent measurements of nonstandardized items may control for quality change by using a hedonic repeated measures method, an index number construction method that follows individual assets or subjects through time and also takes account of measured quality variables. The second proposal is to establish markets for perpetual claims on cash flows matching indices of dividends or rents. Such markets may help us to measure the prices of the …

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