Social and Behavioral Sciences Commons^™

The Dynamic Effects Of Agricultural Subsidies In The United States, Harry De Gorter, Eric O'N. Fisher

Economics

This article analyzes the dynamic effects of the farm subsidies in the United States. The subsidies a farmer receives are based upon historical plantings, also called base acreage. It is sometimes optimal for a farmer temporarily not to participate in a program in order to increase future subsidies. The farmer's optimal policy is the solution to a deterministic dynamic program. Farmers with low base acreage opt out of these programs, whereas those with high base acreage participate in them. The article examines aggregate data involving corn, cotton, rice, and wheat during 1987. It shows that these programs increase the output …

Review Of Constitutional Environments And Economic Growth By Gerald W. Scully, Michael L. Marlow

Economics

No Abstract

State Of The Economy: Central Bank Of Nigeria Perspective, Ogwuma P. A

Bullion

This paper reviews broadly developments in the real, monetary and financial and external sectors of the economy from 1991 to 1994. It highlights the problems confronting policy makers and put forward some recommendations for consideration. The overall performance of the Nigerian economy during the past three years has been characterized by declining growth rate of GDP in turn a reflection, in the main, of the negative impact of the macroeconomic and financial imbalances. The major factor underlying the adverse movements in macroeconomic variables since 1991 has been the rapid growth in CBN credit for the financing of Federal Government's fiscal …

Review Of Policy And Developmental Objectives In Agricultural And Agro-Based Industrial Financing., G.O. Evbuomwan, E.U. Ukeje, F.A. Afelumo

Bullion

This paper reviews and appraise the role of government credit policies in the development of agriculture and agro-based industries in Nigeria. The paper is organized into five sections. Section I reviews the objectives of agricultural development and its role in overall economic development. Section II highlights some major policy measures designed to achieve stated agricultural and agro-industrial development objectives, the major sources of financing and institutions established to support agricultural and agro-based industries are appraised in Section III, while Section IV contains the lessons of experience and implications for policy. Section V summarizes and concludes the paper.

Restructuring The Nigerian Financial System For Economic Resuscitation., S. B Falegan

Bullion

The article provides a detailed analysis on the stages of restructuring the Nigerian Financial System for Economic Resuscitation during the period of 1985-1993 .

Restructuring The Nigerian Financial Sector For Economic Resuscitation., V.A Odozi

Bullion

This paper examines major developments in the Nigerian financial sector and discusses efforts made so far by the authorities to restructure the sector so as to enhance its efficiency. Major Developments in the Financial Sector The Structural Adjustment Programme (SAP) which was adopted in 1986 was the nation's inevitable response to the suffocating effect of the external debt burden on the Nigerian economy, the escalating fall in agricultural productivity, and undue dependence on petroleum as a foreign exchange earner. The paper noted that the increase in the number of banks resulted in competition for bank deposits and other patronages from …

'Quality Ladders' And Ricardian Trade, M. Scott Taylor

M. Scott Taylor

A Model of endogenous growth and trade is developed that extends the continuum Ricardian model of Dornbusch et al. (1977) to a dynamic framework, generalizes the 'Quality ladders' approach of Grossman and Helpman (1991a,b), and complements the work of Krugman (1987) on dynamic Ricardian economies. In contrast to earlier work the model incorporates heterogeneity across industries in research and production technologies, and in the technological opportunity for innovation. The importance of heterogeneity is demonstrated through a comparative steady-state analysis. Several applications for the model are discussed and many others appear possible given its relatively simple structure.

Relatedness And Performance: A Reexamination Of The Diversification-Performance Link, John Y. Ding, Julie Caswell, Furen Zhou

Julie Caswell

Empirical studies of firm diversification suggest the existence of a positive relationship between the relatedness of diversification and firm performance. Using evidence from the food manufacturing sector, we find that this relationship is weak at best and that market share appears to be a more powerful predictor of firm performance.

How Government Reduces Employment, Murray L. Weidenbaum

Murray Weidenbaum Publications

Murray Weidenbaum shows how the federal government conducts many activities that affect the ability of the private sector to create jobs.

Update - December 1993, Loma Linda University Center For Christian Bioethics

Update

In this issue:

-- Wages Through the Ages: The Ethics of Physician Income
-- Frontiers in Medicine and Morality - Probed at Second Annual Contributors Convocation

Long Range Economic Forecast To 2005, Maine State Planning Office

Maine Collection

Long Range Economic Forecast to 2005

Maine State Planning Office, December 1993 ("Printed under Appropriation Account Number 010 07B 13000 012").

Contents: Preface / Overview / Population Change / Economic Sector Analysis / Appendices

The Dual Face Of Empowerment: A Model For Cooperative Resource Building, Eric C. Albers, Nancy Paolini

The Journal of Sociology & Social Welfare

Homelessness among families with children has become a nationwide problem. Although homelessness is difficult to document, it is estimated that approximately 250,000 to 3,000,000 people in the United States are homeless. Families, which comprise approximately one third of the homeless population, is its fastest growing segment (Mihaly, 1991; National Coalition for the Homeless, 1989; Van Vliet, 1989). This may be a conservative figure. Some of these families often go uncounted because they are part of the "invisible" homeless. They avoid agency contact for fear of losing their children or live in motels, cars, or campgrounds and thereby are not counted …

Second Order Approximation In The Partially Linear Regression Model, Oliver B. Linton

Cowles Foundation Discussion Papers

We examine the second order properties of various quantities of interest in the partially linear regression model. We obtain a stochastic expansion with remainder o P ( n -2µ ), where µ < 1/2, for the standardized semiparametric least squares estimator, a standard error estimator, and a studentized statistic. We use the second order expansions to correct the standard error estimates for second order effects, and to define a method of bandwidth choice. A Monte Carlo experiment provides favorable evidence on our method of bandwidth choice.

Financial Repression, Inflation And Growth In Egypt, 1974-1991, Abear El Shennawy

Archived Theses and Dissertations

No abstract provided.

Ua68/2 Intercambio Internacional, Vol. Xii, No. 1, Wku Latin American Studies

WKU Archives Records

Newsletter created by WKU Latin American Studies program regarding science, politics and economic advances in Latin America as well as cooperative projects between WKU and universities across Latin America. The newsletter is written in both English and Spanish.

Quasi-Flag Of Convenience Shipping: The Wave Of The Future, Rex S. Toh, Sock Yong Phang

Research Collection School Of Economics

Many articles and books have been written to extol the advantages and virtues of flags of convenience (FOC) shipping, argue its necessi ty, and defend the practice. However, from the earliest days there has been opposition to FOC shipping, and lately the disenchantment over this questionable form of open registry has led to the potentially rapid growth of what can be termed as quasi-FOC arrangements. This article will first briefly trace the trend from FOCs to quasi-FOCs, outline the legal framework for regulating international shipping, then discuss the problems, opposition, and legal challenges to open registries. Finally, it will trace …

Long-Term Economic Performance Of Alternative, Conventional, And Reduced Tillage Farming Systems In East-Central And Northeast South Dakota; Grain Prices: Seasonal High May Be Past, Thomas L. Dobbs, Lon D. Henning, Richard Shane

Economics Commentator

No abstract provided.

Glory Days Of Suburbia Are Over, Chester Smolski

Smolski Texts

"Most Rhode Islanders would undoubtedly agree with Donald Wyatt's sterling endorsement of suburbia (Commentary Page, Sept. 7) and many would envy the wonderful experience he says he has had living in Warwick these past 40 years. After all, the suburbs are the habitat of most Rhode Islanders as well as most other Americans and, it sis presumed, these folks live there through choice."

Restoring America's Economic Growth And International Competitiveness, Levy Institute

Archives of the Levy Economics Institute

Conference held at Blithewood, November 12-13, 1993.

Blueprint For Financial Reform, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

No abstract provided.

Coping With Car Congestion, Chester Smolski

Smolski Texts

"Ah, the joy of the automobile! Driving with the windows closed to eliminate outside noise and to get the full effect of the four-speaker stereo while listening to Sibelius, Brooks or Franklin, depending on one's taste; sitting in seats more comfortable than those in the living room at home; and taking in the colorful foliage along this country road in the rural wester part of the state where we are the only car on the road--how could life be any better??

Does Exchange Rate Variability Depress Trade Flows ? Evidence From Error Correction Models, Abdur Chowdhury

Economics Faculty Research and Publications

This paper examines the impact of exchange rate volatility on the trade flows of the G-7 countries in the context of a multivariate error-correction model. The error-correction models do not show any sign of parameter instability. The results indicate that the exchange rate volatility has a significant negative impact on the volume of exports in each of the G-7 countries. Assuming market participants are risk averse, these results imply that exchange rate uncertainty causes them to reduce their activities, change prices, or shift sources of demand and supply in order to minimize their exposure to the effects of exchange rate …

Robust Nonstationary Regression, Peter C.B. Phillips

Cowles Foundation Discussion Papers

This paper provides a robust statistical approach to nonstationary time series regression and inference. Fully modified extensions of traditional robust statistical procedures are developed which allow for endogeneities in the nonstationary regressors and serial dependence in the shocks that drive the regressors and the errors that appear in the equation being estimated. The suggested estimators involve semiparametric corrections to accommodate these possibilities and they belong to the same family as the fully modified least squares (FM-OLS) estimator of Phillips and Hansen (1990). Specific attention is given to fully modified least absolute deviation (FM-LAD) estimation and fully modified M (FM-M)-estimation. The …

Tonga: Rural Employment And Development, Piyasiri Wickramasekara

PIYASIRI WICKRAMASEKARA

The report first highlights the nature of the rural employment problem In Tonga in the early 1990s. It goes on to discuss important Issues affecting the rural and agricultural sectors. The study further reviews the institutional machinery for rural development and makes a number of recommendations for an employment-oriented rural development strategy.

Constitutional Design And Law: The Political Economy Of Cabinet And Congressional Government, Matthew S. R. Palmer

The Hon Justice Matthew Palmer

The dissertation takes a political economy approach to constitutional design and legislation in the Westminster (Cabinet) and US (Congressional) models of government. Part I develops the economics of comparative political organization by constructing a theoretical framework for analyzing constitutional design. Part II applies the framework to distinguish the essences of the Cabinet and Congressional systems of constitutional design in the contexts of US and Canadian federal government. Part III analyzes the effects of the different constitutional designs on the processes of legislating in each system and on the substantive characteristics of legislation in each system. The analysis is subjected to …

Introducing: The Survey Of Professional Forecasters, Dean D. Croushore

Economics Faculty Publications

Forecasts play a crucial role in the economy. Businesses won't hire workers as readily if they think the economy may go into a recession soon. Long-term interest rates will rise if people in the financial markets expect inflation to increase. And firms are less likely to borrow money for new investment spending today if they think interest rates will soon decline.

Forecasts are important for many decisions, but not many people have the knowledge and experience to forecast economic variables well. It makes sense, therefore, for people to rely on the forecasts of experts. One easy way to get these …

How Government Reduces Employment, Murray L. Weidenbaum

Murray Weidenbaum Publications

Government mandates contribute to reducing the ability of the private sector to create jobs. But ways need to be developed that can offset this.

Earnings Inequality In Germany, Katharine G. Abraham, Susan N. Houseman

Upjohn Institute Working Papers

Recent studies have documented the growth of earnings inequality in the United States during the 1980s. In contrast to these studies' findings, our analysis of micro data for the former West Germany yields virtually no evidence of growth in earnings inequality over the same period. Between 1978 and 1988, a reduction in the dispersion of earnings among workers in the bottom half of the earnings distribution led to a narrowing of the overall dispersion of earnings in Germany. Earnings differentials across education and age groups remained roughly stable, and there was no general widening of earnings differentials within either education …

Indirect Transfers In Trade Among Former Soviet Union Republics: Sources, Patterns, And Policy Responses In The Post-Soviet Period, Lucjan T. Orlowski

WCBT Faculty Publications

Reports on indirect transfers in trade among the former Soviet Union Republics. The Former Soviet Union (FSU) was composed of 15 republics which were very unevenly endowed with human, physical and natural resources. To contain regional imbalances within the Union and to integrate all republics into a tight and centrally commanded division of labour, the central government operated a scheme of vertical fiscal redistribution between the Union budget and the republican budgets. Through this system poorer republics became net receivers of direct transfers and richer republics became net donors. This scheme, which collapsed with the dissolution of the Union in …

Are Major League Baseball Players Compensated For The Ability To Attract Fans?, Mark Tudor

Masters Theses & Specialist Projects

A question asked by many baseball fans during the past two decades has been, “Do baseball players really earn multimillion dollars salaries by simply playing a game?” Previous studies have attempted to show that they go generate enough revenue for a given club to justify these exorbitant earnings. In fact, these studies show that, until recently, baseball players have been exploited by owners who have been reaping major profits at the expense of the players.

Most studies utilize fan attendance to generate revenue figures in their respective regression equations. The intent in this paper is to determine if baseball players …