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Economics

2010

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Articles 1 - 30 of 1955

Full-Text Articles in Social and Behavioral Sciences

Workers' Compensation Reemployment Programs Options For Modifying The Pension System: Final Report, Peter S. Barth, H. Allan Hunt Dec 2010

Workers' Compensation Reemployment Programs Options For Modifying The Pension System: Final Report, Peter S. Barth, H. Allan Hunt

Reports

No abstract provided.


Port Multipliers For Singapore: Impact On Income, Output, And Employment, Rex S. Toh, Sock-Yong Phang, Habibullah Khan Dec 2010

Port Multipliers For Singapore: Impact On Income, Output, And Employment, Rex S. Toh, Sock-Yong Phang, Habibullah Khan

PHANG Sock Yong

This article examines the contribution of the activities of the Port of Singapore Authority (PSA), a government-owned statutory board which operates almost all of the port related activities in Singapore, to the prosperity of the entire country, by way of multiplier analysis. Input-output analysis is used to compute the income, output, and employment multipliers of port activities, broken down into direct, indirect, and induced effects. The policy implications on port investment and maritime policy follow.


Predicting State Failure: A Classification Tree Approach, Atin Basu Choudhary, Jim T. Bang, William F. Shughart Ii Dec 2010

Predicting State Failure: A Classification Tree Approach, Atin Basu Choudhary, Jim T. Bang, William F. Shughart Ii

Atin Basu Choudhary

We deviate from standard practice in the literature on state failure to use classification tree methods to predict state failure. We argue that the rarity of state failure and simplicity of use and interpretation makes this approach more attractive. We determine simple decision rules, based on observable and measurable variables, to determine whether a country is likely to fail or not.


Tables Of Percentage Points Of The K-Variate Normal Distribution For Large Values Of K, William C. Horrace Dec 2010

Tables Of Percentage Points Of The K-Variate Normal Distribution For Large Values Of K, William C. Horrace

Economics - All Scholarship

This paper gives tabulations of the upper a percentage points of the maximum absolute value of the k-variate normal distribution with common correlation p for values of k as high as 500. The tables are useful for performing multiple comparison procedures in experiments with large numbers of treatments.


An Evaluation Of Car-Ownership And Car-Usage Policies In Singapore, Sock-Yong Phang, Anthony Chin Dec 2010

An Evaluation Of Car-Ownership And Car-Usage Policies In Singapore, Sock-Yong Phang, Anthony Chin

PHANG Sock Yong

Report presented to Parliament 2 January 1990 as part of Select Committee on Land Transportation Policy. Covers the transportation policies of Singapore from 1960s to 1980s. Analysis of car ownership policies, including PARF. Analysis of car usage policies.


The Unctad Liner Code: A Dead Letter?, Sock-Yong Phang, Rex S. Toh Dec 2010

The Unctad Liner Code: A Dead Letter?, Sock-Yong Phang, Rex S. Toh

PHANG Sock Yong

The UNCTAD Code of conduct for Liner Conferences entered into force in 1983. The Code's cargo allocation scheme or '40-40-20 rule' aims to provide shipping lines of developing countries with a fair change to compete for the carriage of their seabourne trade. However, the Code has not been effective in meeting its stated objectives for a variety of reasons. Amongst the administrative difficulties are (i) the complications introduced by the EEC's Brussels Package, (ii) the definition of national lines, (iii) the unit of measurement for cargo allocation purposes, and (iv) the monitoring of cargo movements. The tremendous growth in non-conference …


Public Private Partnership In Urban Rail Transit: Recent International Experience, Sock-Yong Phang Dec 2010

Public Private Partnership In Urban Rail Transit: Recent International Experience, Sock-Yong Phang

PHANG Sock Yong

No abstract provided.


Port Multipliers For Singapore: Impact On Income, Output, And Employment, Rex S. Toh, Sock-Yong Phang, Habibullah Khan Dec 2010

Port Multipliers For Singapore: Impact On Income, Output, And Employment, Rex S. Toh, Sock-Yong Phang, Habibullah Khan

PHANG Sock Yong

This article examines the contribution of the activities of the Port of Singapore Authority (PSA), a government-owned statutory board which operates almost all of the port related activities in Singapore, to the prosperity of the entire country, by way of multiplier analysis. Input-output analysis is used to compute the income, output, and employment multipliers of port activities, broken down into direct, indirect, and induced effects. The policy implications on port investment and maritime policy follow.


Hong Kong And Singapore, Sock-Yong Phang Dec 2010

Hong Kong And Singapore, Sock-Yong Phang

PHANG Sock Yong

No abstract provided.


Policies To Promote Shipping Registration In Singapore, Sock-Yong Phang, R Toh Dec 2010

Policies To Promote Shipping Registration In Singapore, Sock-Yong Phang, R Toh

PHANG Sock Yong

No abstract provided.


Housing Markets And Urban Transportation: Economic Theory, Econometrics And Policy Analysis For Singapore, Sock-Yong Phang Dec 2010

Housing Markets And Urban Transportation: Economic Theory, Econometrics And Policy Analysis For Singapore, Sock-Yong Phang

PHANG Sock Yong

No abstract provided.


Book Review Of Competition Law And Policy In Singapore, By Cavinder Bull, Lim Chong Kin, Academy Publishing, Singapore, 2009, Sock-Yong Phang Dec 2010

Book Review Of Competition Law And Policy In Singapore, By Cavinder Bull, Lim Chong Kin, Academy Publishing, Singapore, 2009, Sock-Yong Phang

PHANG Sock Yong

No abstract provided.


Tourism Growth In Singapore: An Optimal Target, Habibullah Khan, Sock-Yong Phang, Rex S. Toh Dec 2010

Tourism Growth In Singapore: An Optimal Target, Habibullah Khan, Sock-Yong Phang, Rex S. Toh

PHANG Sock Yong

No abstract provided.


Recent Developments In Singapore's Motor Vehicle Policies, Sock-Yong Phang, Mukul Asher Dec 2010

Recent Developments In Singapore's Motor Vehicle Policies, Sock-Yong Phang, Mukul Asher

PHANG Sock Yong

No abstract provided.


The Singapore Model Of Housing And The Welfare State, Sock Yong Phang Dec 2010

The Singapore Model Of Housing And The Welfare State, Sock Yong Phang

PHANG Sock Yong

While Singapore is not generally regarded as a welfare state, the provision of housing welfare on a large scale has been a defining feature of its welfare system. The extensive housing system has played a useful role in raising savings and homeownership rates as well as contributing to sustained economic growth in general and development of the housing sector in particular. Few would dispute the description of Singapore’s housing policies as 'phenomenally successful' (Ramesh, 2003). Singapore’s economic growth record in the past four decades has brought it from third world to first world status (Lee, 2000), with homeownership widespread at …


Strategic Development Of Airport And Rail Infrastructure: The Case Of Singapore, Sock-Yong Phang Dec 2010

Strategic Development Of Airport And Rail Infrastructure: The Case Of Singapore, Sock-Yong Phang

PHANG Sock Yong

No abstract provided.


Motor Vehicle Taxes As An Environmental Management Instrument: The Case Of Singapore, Ngee-Choon Chia, Sock-Yong Phang Dec 2010

Motor Vehicle Taxes As An Environmental Management Instrument: The Case Of Singapore, Ngee-Choon Chia, Sock-Yong Phang

PHANG Sock Yong

No abstract provided.


From Efficiency-Driven To Innovation-Driven Economic Growth: Perspectives From Singapore, Kim Song Tan, Sock-Yong Phang Dec 2010

From Efficiency-Driven To Innovation-Driven Economic Growth: Perspectives From Singapore, Kim Song Tan, Sock-Yong Phang

PHANG Sock Yong

The Singapore economy is going through a period of major restructuring. Economic stagnation since the 1997 Asia financial crisis (except for a brief recovery in 1999) has called into question the continued relevance of many fundamental policies that had worked well in the past. In 2002, a high-level Economic Review Committee (ERC) was convened by the government to chart new directions for the economy. A common thread that ran through the committee’s various reports was a call to enhance the economy’s innovative capacity, with the aim of making Singapore an innovation hub in the region. The call reflects an increased …


Road Congestion Pricing In Singapore: 1975-2003, Sock-Yong Phang, Rex S. Toh Dec 2010

Road Congestion Pricing In Singapore: 1975-2003, Sock-Yong Phang, Rex S. Toh

PHANG Sock Yong

Facing traffic congestion in the Central Business District and enormous demands on scarce land resources by the growing number of motor vehicles, Singapore, a small island city-state the size of Seattle, embarked on a bold decision to reduce road congestion by implementing the famous Area Licensing Scheme in 1975. This was a manual system of tolls for multiple entries into the Restricted Zone. While achieving the intended effect of cutting down on the volume of vehicular traffic in the Restricted Zone, the authors (and others) found that the problem of congestion had merely shifted in time and place. Many changes …


From Efficiency-Driven To Innovation-Driven Growth: Perspectives From Singapore, Sock-Yong Phang, Kim Song Tan Dec 2010

From Efficiency-Driven To Innovation-Driven Growth: Perspectives From Singapore, Sock-Yong Phang, Kim Song Tan

PHANG Sock Yong

No abstract provided.


Welfare Implications Of Hdb Policy On The Public Housing Price Gradient, Sock Yong Phang Dec 2010

Welfare Implications Of Hdb Policy On The Public Housing Price Gradient, Sock Yong Phang

PHANG Sock Yong

In Singapore, extensive government intervention in the housing market has resulted in much deviation from assumptions made in the simple neoclassical urban models. The monocentric model of urban structure is extended to incorporate a subsidized public housing market in which the government-determined price gradient is flatter than the private housing price gradients. The propositionthat the utility of public housing households varies inversely with residential location distance from the CBD is empirically tested by estimating net returns to public housing using resale market data. It was found that net returns decreased with distance from the CBD.


Bank Lending And Real Estate In Asia: Market Optimism And Asset Bubbles, Winston T. H. Koh, Roberto S. Mariano, Andrey Pavlov, Sock-Yong Phang, Augustine H. H. Tan, Susan M. Wachter Dec 2010

Bank Lending And Real Estate In Asia: Market Optimism And Asset Bubbles, Winston T. H. Koh, Roberto S. Mariano, Andrey Pavlov, Sock-Yong Phang, Augustine H. H. Tan, Susan M. Wachter

PHANG Sock Yong

This paper investigates the Asian real estate price run-up and collapse in the 1990s. We identify financial intermediaries’ underpricing of the put option imbedded in non-recourse mortgage loans as a potential cause for the observed price behavior. This underpricing is due to behavioral causes (lender optimism and disaster myopia) and/or rational response of lenders to market incentives (agency conflicts, deposit insurance, or limited liability of bank shareholders). The empirical evidence suggests that underpricing occurred in Thailand, Malaysia, and Indonesia. Consequently, these countries experienced a more severe market crash than Hong Kong and Singapore, where underpricing was kept under control by …


The Multiplier Effect: Singapore's Hospitality Industry, Habibullah Khan, Sock-Yong Phang, Rex S. Toh Dec 2010

The Multiplier Effect: Singapore's Hospitality Industry, Habibullah Khan, Sock-Yong Phang, Rex S. Toh

PHANG Sock Yong

Tourism's contribution to Singapore's economy has increased over time. Tourism contributed 11.9% to Singapore's GDP in 1992, about half of that from direct revenues. Indirect and induced sources contributed about equally to the other half. While the direct effect of tourist expenditures on the Singapore economy are predominant, the indirect and induced effects are also significant, indicating strong sectoral linkages within the local economy, especially with respect to the hospitality industry.


Genios Eclipsados, Guillermo Arosemena Dec 2010

Genios Eclipsados, Guillermo Arosemena

Guillermo Arosemena

No abstract provided.


Economic Impact Of The Pork Industry In South Dakota; Economic Impact Of The Dairy Industry In South Dakota, Gary Taylor Dec 2010

Economic Impact Of The Pork Industry In South Dakota; Economic Impact Of The Dairy Industry In South Dakota, Gary Taylor

Economics Commentator

No abstract provided.


Incentivizing Technological Growth: A Symbiotic Relationship In The Computer Software Industry, Alex Usher Dec 2010

Incentivizing Technological Growth: A Symbiotic Relationship In The Computer Software Industry, Alex Usher

Economics Theses

No abstract provided.


La Metà Del Cielo Tra Confucio E Mercato, Tonia Warnecke, Alain Blanchard Dec 2010

La Metà Del Cielo Tra Confucio E Mercato, Tonia Warnecke, Alain Blanchard

Faculty Publications

No abstract provided.


Women In China, Between Confucius And The Market, Tonia Warnecke, Alain Blanchard Dec 2010

Women In China, Between Confucius And The Market, Tonia Warnecke, Alain Blanchard

Faculty Publications

No abstract provided.


Free To Move: Migration, Tax Competition And Redistribution, Woojin Lee Dec 2010

Free To Move: Migration, Tax Competition And Redistribution, Woojin Lee

Woojin Lee

We study a model of tax competition between two countries when both skilled and unskilled workers make their migration decisions simultaneously and wages are endogenously determined. If both factors of production are allowed to migrate freely and when the demand for skilled labor is not so elastic, the problem typically predicted in the literature of tax competition that increased mobility of production factors will pose a severe threat to redistribution possibility is less acute than it might first appear. The equilibrium tax rate can be not only positive but also increasing in the degree of mobility of unskilled workers. This …


Racism, Xenophobia, And Redistribution, Woojin Lee, John Roemer, Karine Van Der Straeten Dec 2010

Racism, Xenophobia, And Redistribution, Woojin Lee, John Roemer, Karine Van Der Straeten

Woojin Lee

We report here a summary of our recent research on the effect that the race issue, in the United States, and the immigration issue in European countries, is having on the degree of redistribution and the size of the public sector that is implemented through political competition. We model political competition as taking place on a two dimensional policy space, where the first issue is the tax rate, or the size of the public sector, and the second issue is the race or immigration issue. Our substantive conclusion is that the conservative economic agenda has been given new life in …