Economics Commons^™

Central Bank Of Nigeria Annual Report And Statement Of Accounts For The Year Ended 31st December 2007, Central Bank Of Nigeria

CBN Annual Report

In 2007, the Central Bank of Nigeria (CBN) faced significant challenges in monetary management due to statutory allocations to government tiers, autonomous foreign exchange inflows, and pre-election spending. These challenges were addressed through Open Market Operations (OMO), issuance of treasury securities, standing facilities, and foreign exchange swaps. The introduction of the monetary policy rate (MPR) in December 2006 moderated inter-bank rates, encouraged trading, and improved the transmission of monetary policy actions. The Bank intensified its non-regular management activities to ensure the Policy Support Instrument (PSI) target was met. The financial system at end-2007 comprised the CBN, the Nigeria Deposit Insurance …

Some Economic Issues In Indian Textile Sector, Badri Narayanan G.

Badri Narayanan G.

No abstract provided.

The Economic Contribution Of Marine Science And Education Institutions In The Monterey Bay Crescent, Judith T. Kildow Dr, Nathaniel Miller

Publications

Ocean and coastal areas of the United States contribute significantly to our nation’s overall economy. The extent to which our economy benefits from the wide range of marine and coastal activities is not completely understood. The National Ocean Economics Program (NOEP) has attempted to track and value the ocean and coastal- related economic activities in the United States. To date six sectors are included in its information system (www.oceaneconomics.org). The economic contribution of marine research and education institutions is a sector of activity that lies outside of the normal federal government datasets, but one which seemed to have growing importance …

Containing The Cost Of Infant Formula To The Wic Program, David Davis

Economics Commentator

No abstract provided.

The Perspective Of Cow/Calf Producers In The Dakotas: Mandatory Price Reporting For Slaughter Cattle, Martin Beutler, Scott Fausti, Bashir Qasmi

Economics Commentator

No abstract provided.

The Value Of Marine Institutions: An Economic Survey Of Marine Research And Education Institutions In Monterey And Santa Cruz Counties, Judith T. Kildow Dr, Nathaniel Miller

Publications

It is recognized that ocean and coastal areas of the United States contribute significantly to our nation’s overall economy. What is not completely understood is the extent to and manner in which our economy benefits from the wide range of marine and coastal activities. One area of the ocean economy that has not been collectively measured or examined is the contribution of marine research and education institutions. The goal of the project was to create a prototype strategy at a local level for collecting data at a national level, in order to create an economic sector of these institutions and …

South Dakota Agricultural Land Values And Cash Rental Rates: 2007, Burton Pflueger, Larry Janssen

Economics Commentator

No abstract provided.

Introduction To Research Methodologies, Professor Issam A.W. Mohamed

Professor Issam A.W. Mohamed

In this book, I introduce basics of research methodologies in Arabic language which I believe is an unprecedented step. The conceptions, research frameworks, sampling and some detailed methods are given in this text book. Moreover, some analytical statistical methods are introduced to give insights to researchers. Methods of writing the scientific reports and papers in addition to documentation of references and classifying the required logical process of a thesis are detailed in this text. I introduce this book that was published by the Africa International University in Khartoum, Sudan for the purpose of helping sub and post graduate university students …

Cost Changes For Cattle Operations, Matthew A. Diersen

Economics Commentator

No abstract provided.

Grazing Demand And Insurance Situation, Matthew A. Diersen, Martin Beutler

Economics Commentator

No abstract provided.

Distribution Of Farm Program Payments In South Dakota, Larry Janssen, Yonas Hamda

Economics Commentator

No abstract provided.

Production Costs, Burton Pflueger

Economics Commentator

No abstract provided.

Measurement Of The Market Data For The Ocean And Coastal Economy, Charles S. Colgan

Publications

This paper supplements reports and data released on the Coastal and Ocean Economies of the United States by the NOEP. It provides a discussion of the relevant literature involved in the investigation of the Ocean and Coastal related Economies, the theoretical background of measures such as gross domestic product (GDP) and gross state product (GSP), and provides details on sources, methods, assumptions, and limitations of the data provided by NOEP.

Those concerned with the health of coastal and ocean resources increasingly need to understand the socio-economic context in which changes are occurring. The market data of the National Ocean Economics …

Western Kentucky University Regional Assessment & Strategic Plan, Paul N. Markham

ALIVE Center Publications

The Regional Stewardship Program is a new initiative that seeks to promote regional and statewide economic development, livable communities, social inclusion, creative governance, and civic participation through public engagement activities initiated by comprehensive university faculty and staff. Its purpose is to link the resources and knowledge of our universities to the needs and challenges of their respective regions. Kentucky is the first state in the nation to launch a statewide stewardship program.

Economy Of Change: The Organic Market As A Model For Agricultural Development In India, Amanda White

Independent Study Project (ISP) Collection

In India, 50% of children under five years of age are malnourished amidst a yearly surplus in grain production. Approximately 40% of food is lost in transport on a daily basis, yet the country has been able to prevent major famines for over 60 years. In a country with a GDP of 8-9% and an ever-growing presence on the international economic stage, these double standards cannot be tolerated. 260 million Indians live in extreme poverty, and 40% of those depend mainly on agricultural labor. This sector accounts for approximately 26% of India’s GDP, and provides employment for about 70% of …

Time For Change In U.S. Farm Policy: Fundamental Reform Emphasizing Institution's Based On Agriculture's Multifunctionality'?, Thomas L. Dobbs

Economics Commentator

No abstract provided.

Competing Visions Of U.S. Agriculture: Can We Have Our Cake And Eat It Too In Reforming Federal Farm Policy?, Thomas L. Dobbs

Economics Commentator

No abstract provided.

Perspectives Of Cow/Calf Producers In The Dakotas On The Price Discover Process, Martin Beutler, Scott Fausti, Bashir Qasmi

Economics Commentator

No abstract provided.

The Eu–Acp Economic Partnership Agreements And The ‘Development Question’: Constraints And Opportunities Posed By Article Xxiv And Special And Differential Treatment Provisions Of The Wto, Cosmas Milton Obote Obote Ochieng Ochieng

Cosmas Milton Obote Ochieng Ochieng

This article argues that Article XXIV and special and differential treatment (SDT) provisions of the WTO present a number of constraints and opportunities to the design and scope of the proposed economic partnership agreements between the European Union (EU) and African, Caribbean and Pacific (ACP) countries. It examines the negotiating positions of both sides to argue that were the EU's position to prevail, ACP and other developing countries would likely suffer an ‘erosion of the development principles’ embedded within the WTO. It is shown that the differences between the two groups over the desirability and/or applicability of negotiating free trade …

Revitalising African Agriculture Through Innovative Business Models And Organisational Arrangements: Promising Developments In The Traditional Crops Sector, Cosmas Milton Obote Ochieng Ochieng

Cosmas Milton Obote Ochieng Ochieng

Within the last four years, a number of high profile reports outlining new strategies for pulling African agriculture out of its current impasse have emerged. These include the Comprehensive African Agriculture Development Programme of NEPAD, and the InterAcademy Council Report commissioned by UN Secretary General Koffi Annan. Whilst these strategies are a welcome improvement on those that have characterised African agriculture in the past, it is argued here that like their predecessors, they fail to focus on business-competitive approaches as an integral part of the reform package needed to stimulate African agricultural productivity and development. This paper draws on innovation, …

Development Through Positive Deviance And Its Implications For Economic Policy Making And Public Administration In Africa: The Case Of Kenyan Agricultural Development, 1930–2005, Cosmas Milton Obote Ochieng Ochieng

Cosmas Milton Obote Ochieng Ochieng

Positive internal innovation has long been a central element of African agricultural development, even if modern efforts to stimulate technical, institutional, and policy innovations in African agriculture have tended to look outwards. This paper examines the role of positive deviance in Kenyan agriculture over the last 75 years to cast doubt on the alleged authoritative sources of policy advice and mandates from the outside. Positive deviance and appreciative inquiry are suggested as organizing frameworks for identifying and amplifying the generation and uptake of internal African innovations.

A Bayesian Examination Of Information And Uncertainty In Contingent Valuation, David M. Aadland, Arthur J. Caplan, Owen R. Phillips

Applied Economics Faculty Publications

A theoretical framework is presented to explain how agents respond to information under uncertainty in contingent valuation surveys. Agents are provided with information signals and referendum prices as part of the elicitation process. Agents use Bayesian updating to revise prior distributions. An information prompt is presented to reduce hypothetical bias. However, we show the interaction between anchoring and the information prompt creates a systematic bias in willingness to pay. We test our hypotheses in an experimental setting where agents are asked to make a hypothetical, voluntary contribution to a public good. Experimental results are consistent with the model.

An Equitable, Efficient, And Implementable Scheme To Control Global Carbon Dioxide Emissions, Arthur J. Caplan, Emilson C.D. Silva

Applied Economics Faculty Publications

We design an international scheme to control global externalities in which autonomous regions choose their own emissions levels in anticipation of interregional resource transfers implemented by an international agency. This agency follows a proportional equity principle, which preserves the status-quo ratio of regional welfare levels. We show that it is individually rational for each region to participate in the proposed international scheme and that regional environmental authorities choose policies that fully internalize the global externality. Although based on an admittedly ideal scheme, these results are especially noteworthy in light of the call for various forms of transfers in international agreements …

Using Choice Question Formats To Determine Compensable Values: The Case Of A Landfill Sitting Process, Arthur J. Caplan, Therese Grijalva, Douglas Jackson-Smith

Applied Economics Faculty Publications

Siting noxious facilities, such as community landfills, is a challenging problem for local planners who recognize the importance of economic efficiency and equity, political acceptance, and meeting federal regulatory standards. Meeting these criteria requires technical and socio-economic analyses in conjunction with public input. Planners may also recognize that political acceptance requires compensation for the host community, either in the form of monetary or in-kind transfers. Following Breffle and Rowe (2002), we use a “resource-toresource” paired-comparison survey method to estimate compensatory values associated with an in-county landfill for both the host and non-host communities. Our results indicate that while a host-community …

Houses In The Woods: Lessons From The Plum Creek Concept Plan, Kathleen Bell

Maine Policy Review

Residential growth pressures have arrived at the edge of Maine’s North Woods. Kathleen Bell in this article examines changes in the economics of rural land use in Maine. She notes that public debate over Plum Creek’s proposal for development in the Moosehead region reminds us that we need to increase our understanding of the interactions between residential growth pressures, changing landownership patterns, and new expectations for Maine’s forestlands

Science, Technology And The Garden Of Maine: Industrial Farming In Aroostook County, 1850-1900, Thomas J. H. Reznick

Senior Scholars Papers in Computer Science

In the mid-nineteenth century, northern Maine farmers existed amidst tension between capitalist and non-capitalist forces. This conflict is best described in terms of recent discourse on the question of rural capitalism, a topic debated by such scholars as Allan Kulikoff and Christopher Clark. This is an intricate and nuanced debate that this paper does not intend to treat with. Suffice to say, Maine farmers were caught between traditional social institutions associated with their trade that did not entail market production, and the rise of rural capitalism associated with burgeoning new markets. However, by the turn of the century, northern Maine …

Nonparametric Estimation Of A Hedonic Price Function, Christopher Parmeter, Daniel Hnederson

Christopher F. Parmeter

Rosen’s (1974) theory of hedonic prices is implemented econometrically using recently developed nonparametric techniques to examine the influence of qualitative factors on the price of a house. Our ability to smooth categorical variables leads to greater generalization in the valuation process and provides a canvas for interactions between categorical and continuous variables that is difficult to exploit in parametric and semiparametric models. This is illustrated with a replication of a previously used partially linear model specification.

Market And Welfare Effects Of The U.S. Livestock Mandatory Reporting Act, Kenneth Njoroge, Amalia Yiannaka, Azzeddine Azzam, Konstantinos Giannakas

Azzeddine Azzam

This paper analyzes the market and welfare effects of the United States Livestock Mandatory Reporting Act enacted in 2001. The act mandates meat packers to report their transactions daily to a government agency and requires the agency to make a summary of those transactions available to the public through the Mandatory Livestock Meat Market News Reports. Considering the case of an imperfect packer cartel that uses trigger price strategies, this paper examines the impact of market information provided by the reports on equilibrium livestock slaughter and the welfare of the groups involved and identifies the determinants of the socially optimal …

Vertical Economies And The Structure Of U.S. Hog Farms, Azzeddine Azzam, Cari Skinner

Azzeddine Azzam

Scale economies are often touted as the factor behind the trend in the structure of the U.S. hog industry toward fewer and larger hog farms. However, since hog production is multistage and farms either integrate or separate the stages, the appropriate measures are multistage economies. In theory, a smaller and, presumably, high-cost operation, by the standards of single stage/output scale economies, may still be cost-competitive if it enjoys multistage economies--that is if vertical scope economies more than offset stage-specific scale diseconomies. Whether that holds in practice remains heretofore unexplored in the agricultural economics literature. Using a unique data set on …

The Drivers Of Regional Entrepreneurship In Rural And Metro Areas, Jason Henderson, Sarah A. Low, Stephan Weiler

Sarah A. Low

No abstract provided.