Social and Behavioral Sciences Commons^™

Dairy Outlook 2000, Donald L. Peterson

Economics Commentator

No abstract provided.

Dairy Outlook 2000, Donald L. Peterson

Economics Commentator

No abstract provided.

Ibpp Research Associates: Seattle, Washington, United States Of America, Catherine Stupar

International Bulletin of Political Psychology

The article is a November 30, 1999 interview of two Pakistani representatives by IBPP Research Associate Catherine Stupar at the World Trade Organization's 3rd Ministerial Series, Seattle Round.

IBPP Commentary. The conflations of political rhetoric by privileged speakers with phenomenologies of the spoken for--viz., the wretched of the earth--are as timeless as they are intractable. Too often, the privileged come and go, while the wretched of the earth remain.

Author commentary is included in the article.

Which Kind Of Legal Order? Logical Coherence And Praxeological Coherence, Mario Rizzo

Mario Rizzo

This article addresses the classic question: How can the common law ensure relative certainty of expectations and also adapt to economic or other changes in society?

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: 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.

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: 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.

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

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: 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

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

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.

The Assault On The Global Economy, Murray L. Weidenbaum

Murray Weidenbaum Publications

The global economy is under assault by a strange alliance of radical groups and several mainstream environmental organizations. The outfits from the far left are long-term opponents of the capitalist system, both at home and abroad, so their opposition to trade between nations is neither new nor newsworthy. It is surprising, however, that organizations like the Sierra Club and Friends of the Earth have joined this effort to oppose the modern economy. This paper attempts to respond to these views. Isolationist policies are a foolhardy, futile pursuit in today's interconnected, globalized economy.

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.

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 …

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.

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.

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 …

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.

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 …

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 …

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 …

Welfare Reform A Success?, Laura Stivers

Laura Stivers

Household Saving In The '90s: Evidence From Cross-Section Wealth Surveys, John Sabelhaus, Karen M. Pence

Karen M. Pence

This paper uses a series of cross-section surveys to measure how wealth accumulation and active saving rates varied across cohort-groups during the early and mid 1990s. Our estimated rates of saving and wealth change across cohorts show a somewhat more dramatic life-cycle pattern than found in previous studies, in part because we use a new technique, and in part because the cross-section wealth surveys we use oversample the wealthiest families whose behavior dominates aggregate changes. Adjusting the wealth-change rates for bequests and subtracting out the capital gains component of wealth change move the estimates in the direction of results from …

Census Bureau Seeks Partners In Business, Chester Smolski

Smolski Texts

"By now you should have seen the advertisements for the U.S. Census Bureau to apprise us of the forthcoming census on April 1, 2000. And there will be plenty more since the Bureau has budgeted $167 million on this push for public awareness, something it has never perviously paid to do."

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

Economics Commentator

No abstract provided.

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

Economics Commentator

No abstract provided.