Economics Commons^™

Europe 1992: Economic Implications For Asia, David Lim

Prof. David Lim

The European Economic Community (EEC) was formed in 1957 with the signing of the Treaty of Rome. This brought together six countries (Belgium, France, West Germany, Italy, Luxemberg and the Netherlands) which were involved in the conflict of the Second World War. The Impetus for the establishment of the EEC was political but the economic gains from the operation of the scheme, popularly known as the Common Market, were so significant that eventually the original membership of six was doubled to include Denmark, Greece, Ireland, Portugal, Spain and the United Kingdom. The so-called Europe 1992 Project aims to bring about …

The United States Of America And Azerbaijan: Economic Relations, Anar Hatamov, George Langelett

George Langelett

No abstract provided.

Consumer's Willingness To Pay For Locally Produced Ground Beef: A Case Study, Kuo-Liang Chang, Keith Underwood, George Langelett, Pei Xu

George Langelett

No abstract provided.

The Failure Of Multi-Year Hedge-To-Arrive Contracts, Sergio H. Lence, Marvin Hayenga, Neil E. Harl

Neil E. Harl

In the late 1980s, grain elevators in Ohio developed the hedge-to-arrive contract (HTA) to induce farmers to use their grain handling facilities and/or merchandising services. Farmers wanted to use HTAs to lock-in abnormally attractive price levels for more years of expected production. Supposedly, the multiple-year HTA would lock-in those attractive prices without farmer margin calls (money required by commodity brokers as security against default) if futures prices rose further. A National Grain and Feed Association survey in early 1996 found that 45 percent of responding elevators offered single or multi-year HTAs, accounting for 6 percent of their grain volume. Many …

Are African Workers Getting Ahead In The New South Africa? Evidence From Kwazulu-Natal, 1993-1998, Paul L. Cichello, Gary S. Fields, Murray Leibbrandt

Gary S Fields

[Excerpt] In this paper, we use the KIDS panel data to answer three questions about the ‘progress’ of African workers in this one province in post-apartheid South Africa. First, how have African workers progressed as a group? Secondly, which African workers have progressed the most, and by how much have they progressed? Thirdly, to what extent is the progress made by workers driven by transitions between employment and unemployment, or between informal and formal sector employment? We reach the following major findings. First, African workers in KwaZulu-Natal had quite diverse experiences, but experienced positive progress on average. Second, those who …

Falling Labor Income Inequality In Korea’S Economic Growth: Patterns And Underlying Causes, Gyeongjoon Yoo, Gary S. Fields

Gary S Fields

Over the last twenty-five years, the economy of the Republic of Korea achieved a remarkable growth rate of 7 percent per year in real per capita income, causing it to be labeled, justifiably, as a “miracle economy.” This exceptional economic growth has been accompanied by an even more exceptional fall in labor income inequality. Using a newly-developed methodology, we use data from Korea’s Occupational Wage Surveys to quantify the importance of various factors that have contributed to the fall in labor income inequality in Korea. We find the most important factors explaining the level of income inequality are job tenure, …

Reconsidering The Regional Economic Development Impacts Of Higher Education Institutions In The United States., Joshua Drucker

Joshua Drucker

Labor-Demand-Side Economic Development Incentives And Urban Opportunity, Timothy J. Bartik

Timothy J. Bartik

No abstract provided.

Deny, Deny, Deny, Michael Lewyn

Michael E Lewyn

The Typology Of The American Metropolis: Monocentricity, Polycentricity, Or Generalized Dispersion?, Amir Hajrasouliha, Shima Hamidi

Amir Hajrasouliha