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Full-Text Articles in Economics

Promoting The Flow Of Investment Resources Into Nigeria's Petroleum Industry, M O. Ojo, C. M. Anyanwu Oct 1996

Promoting The Flow Of Investment Resources Into Nigeria's Petroleum Industry, M O. Ojo, C. M. Anyanwu

CBN Occasional Papers

The objective of the paper is to review the investment climate and policy incentives designed for the Nigerian oil industry with a view to evaluating how supportive they have been in terms of attracting investment funds into the sector. The industry has grown over the years to become the backbone of the economy. Given its strategic role, recent revelations of possible distress in the sector attributable to fast declining investment expenditure, deserves analysis and remedial actions. The investment needs of the industry are massive. A survey of the. sector shows that there is a large resource gap between its needs …


The Barriers Present In More Developed Countries And Less Developed Countries Slowing The Implementation Of Substainability, Luke Giovine Apr 1996

The Barriers Present In More Developed Countries And Less Developed Countries Slowing The Implementation Of Substainability, Luke Giovine

UNLV Theses, Dissertations, Professional Papers, and Capstones

In 1996 the natural resource base of the world is being depleted at a rate far below the sustainable level. This is very evident in less developed countries (IDC), where raw limited natural resources are being poorly utilized and/or exported to more developed countries (MDC). The More Developed Countries such as the United States, Japan, and Germany use a high amount of natural resources and energy to maintain their material Standard Of Living (SOL), and this is at rates above what their own country can sustain with its own natural resources within its own borders. Both MDC's and LDC's are …


Some Syntactic, Semantic And Prosodic Characteristics In British English Conversation, Philadelphia University Jan 1996

Some Syntactic, Semantic And Prosodic Characteristics In British English Conversation, Philadelphia University

Philadelphia University, Jordan

No abstract provided.


Leaner Environmental Policies For Agriculture, David E. Ervin, Elisabeth A. Graffy Jan 1996

Leaner Environmental Policies For Agriculture, David E. Ervin, Elisabeth A. Graffy

Economics Faculty Publications and Presentations

Farmers and ranchers face a most troubling dilemma. Complex political forces have mapped two quite different paths to environmental management-a rollback of federal regulations or a buildup of traditional subsidies. In the words of a famous modern philosopher, "When you reach a fork in the road, take it!" But either choice poses risk for the industry and will not likely ameliorate nettlesome environmental problems. A third path could help the industry maintain competitiveness and meet environmental challenges. This path uses me latest science to identify agroenvironmental problems and emphasizes economically attractive technology to sustain environmental improvements.


The Economics Of Wind Power: The World, The United States, And At The College Of Saint Benedict/Saint John's University, Mason Vernon Sorenson Jan 1996

The Economics Of Wind Power: The World, The United States, And At The College Of Saint Benedict/Saint John's University, Mason Vernon Sorenson

Honors Theses, 1963-2015

No abstract provided.


Testing For Absolute Purchaing Power Parity, Douglas G. Steigerwald, Collin Crownover, John Pippenger Dec 1995

Testing For Absolute Purchaing Power Parity, Douglas G. Steigerwald, Collin Crownover, John Pippenger

Douglas G. Steigerwald

Purchasing power parity (PPP) is an equilibrium condition equating the nominal exchange rate between two countries with the relative price of an identical bundle of goods in each country. Previous time-series researchers use price indicies to study PPP, so they study relative PPP. We use new data that measures price levels, so we test absolute PPP. Price levels provide a test of absolute PPP because, unlike price indicies, do not contain a base period in which the nominal exchange rate equals the price ratio by construction. We find support for absolute PPP.


Purchasing Power Parity, Unit Roots And Dynamic Structure, Douglas G. Steigerwald Dec 1995

Purchasing Power Parity, Unit Roots And Dynamic Structure, Douglas G. Steigerwald

Douglas G. Steigerwald

Recent studies of puchasing power parity (PPP) account for the possible presence of unit roots in nominal exchange rates and relative price indicies by applying standard unit-root tests to real exchange rates, which are ratios of nominal exchange rates and relative price indicies. These studies occasionally find evidence of PPP but, as a whole, the evidence is not definitive. Standard unit-root tests impose a restrictive dynamic structure between nominal exchange rates and relative price indicies. I specify and estimate a generalized dynamic structure. I reject the dynamic restrictions implicit in standard unit-root tests of PPP, and find stronger evidence of …