Open Access. Powered by Scholars. Published by Universities.®

International Economics Commons™

Open Access. Powered by Scholars. Published by Universities.®

1994

Discipline
Institution
Keyword
Publication
Publication Type

Articles 1 - 14 of 14

Full-Text Articles in International Economics

Three Monographs: International Monetary Fund; Treasury Systems; Military Conscription And Conscientious Objection, John Sondey Dec 1994

Three Monographs: International Monetary Fund; Treasury Systems; Military Conscription And Conscientious Objection, John Sondey

Economics Staff Paper Series

No abstract provided.

Go to article

Allocation And Management Of Foreign Exchange: The Nigerian Experience., O. K. Anifowose Dec 1994

Allocation And Management Of Foreign Exchange: The Nigerian Experience., O. K. Anifowose

Bullion

This paper intends to discuss and review the various strategies adopted in the management of Nigeria's foreign exchange resources. Part I of the paper reviews the systems adopted before SAP (Structural Adjustment Programme) period as well as those practised from SAP to end of 1993. Part ll considers in broad terms the 1994 foreign exchange resource management policies. While Part lll describes the foreign exchange allocative mechanism adopted in 1994. Finally, part lV provides the summary and conclusion of the paper.

Go to article

Sources And Management Of External Reserves In Nigeria., Newman C. Oputa Dec 1994

Sources And Management Of External Reserves In Nigeria., Newman C. Oputa

Bullion

Reserves are all those foreign assets of a country held by the monetary authorities which can be mobilized at period of external imbalances with else and certainty. External reserves are held in the form of "earning assets" notably government's foreign security or in the form of "non earning" liquid assets like gold bars in the vault of Central Banks. ln Nigeria the composition of the extremal reserve consists of gold, IMF reserve tranche, Special Drawing Rights (SDRS) and convertible currencies, The major sources of extremal reserves are derivable from the components of foreign exchange inflows which include: receipt from petroleum, …

Go to article

Ua68/2 Intercambio Internacional, Vol. Xiii, No. 1, Wku Latin American Studies Dec 1994

Ua68/2 Intercambio Internacional, Vol. Xiii, No. 1, Wku Latin American Studies

WKU Archives Records

Newsletter created by WKU Latin American Studies program regarding science, politics and economic advances in Latin America as well as cooperative projects between WKU and universities across Latin America. The newsletter is written in both English and Spanish.

Go to article

Capturing The Impacts Of North American Free Trade Agreement On South Dakota's Economy, Bashir Qasmi, Scott Fausti Sep 1994

Capturing The Impacts Of North American Free Trade Agreement On South Dakota's Economy, Bashir Qasmi, Scott Fausti

Economics Staff Paper Series

In August 1992, representatives of Canada, Mexico, and the United States concluded their negotiations of the North American Free Trade Agreement (NAFTA). The treaty has been subsequently signed and ratified by all three countries. As of January 1, 1994, NAFTA created the largest free trade area in the world, with more than 360 million people and a combined gross domestic product of roughly $6.5 trillion (in U.S. dollars). A comparison of NAFTA with the European Union (EU) is provided in appendix A. NAFTA essentially lifts trade barriers between Mexico, Canada, and the United States. At the time of signing of …

Go to article

The Effect Of Joint-Product Export Smuggling On Export Tax Policy, Scott Fausti May 1994

The Effect Of Joint-Product Export Smuggling On Export Tax Policy, Scott Fausti

Economics Staff Paper Series

This paper analyzes the effect of joint-product export smuggling on the revenue-maximizing export tax rate and tax revenue collection under the small country assumption. The results indicate that the effect of introducing joint product export smuggling is dependent on whether legal and illegal exports are considered a substitutable or complementary activity for the exporting firm. The results of the model are applied to the issue of cigarette smuggling in the United States. The paper concludes that if legal and illegal interstate trade in cigarettes are substitutable activities for firms in the wholesale and retail tobacco industry, then states levying relatively …

Go to article

Ua68/2/1 Intercambio Internacional, Vol. Xii, No. 2, Wku Latin American Studies May 1994

Ua68/2/1 Intercambio Internacional, Vol. Xii, No. 2, Wku Latin American Studies

WKU Archives Records

Newsletter created by WKU Latin American Studies program regarding science, politics and economic advances in Latin America as well as cooperative projects between WKU and universities across Latin America. The newsletter is written in both English and Spanish.

Go to article

Economic Development And Trade Liberalization: The Indonesian Experience, Scott Fausti, Rony Bishry Apr 1994

Economic Development And Trade Liberalization: The Indonesian Experience, Scott Fausti, Rony Bishry

Economics Staff Paper Series

From 1950 to 1965, Indonesia followed an import substitution industrialization development strategy. From 1966 to the present, Indonesia has moved toward an export oriented development strategy. This paper tests the predictions of the Heckscher-Ohlin- Samuelson (HOS) model of international trade by comparing Indonesia's economic performance under two contrasting development strategies. The paper concludes that Indonesia's economic performance under the opposing development strategies supports the predictions of the HOS model. Furthermore, the Indonesian experience under the two development strategies supports the "trade as an engine of growth" hypothesis.

Go to article

Production Uncertainty, Enforcement And Smuggling: A Stochastic Model, Scott Fausti Apr 1994

Production Uncertainty, Enforcement And Smuggling: A Stochastic Model, Scott Fausti

Economics Staff Paper Series

This paper merges the existing smuggling literature with the literature concerning competitive firm behavior under uncertainty. A stochastic, joint product, model of smuggling is developed. The model introduces production uncertainty, generated by enforcement activity, into a Pitt (1981) type of smuggling production function. This modelling technique allows the trade pattern and welfare results which evolve under smuggling with uncertainty to be compared to smuggling in a world of certainty. It is demonstrated that mere presence of uncertainty increases the real resource cost associated with smuggling, reduces legal and illegal trade, and welfare, when compared to smuggling in a world of …

Go to article

Cartels In An "Nth-Best" World: The Wholesale Foodstuff Trade In Ibadan, Nigeria, Harlan M. Smith Ii, Margaret E. Luttrell Mar 1994

Cartels In An "Nth-Best" World: The Wholesale Foodstuff Trade In Ibadan, Nigeria, Harlan M. Smith Ii, Margaret E. Luttrell

Economics Faculty Research

The purpose of this paper is to develop an understanding of the economic functions and associated welfare implications of the cooperative associations that dominate the wholesale trade in two staple foods. Questionnaire responses lead to several conclusions. Individual traders face incomplete markets, imperfect information, and little government-provided institutional and physical infrastructure. The associations are sophisticated "Coase-like" responses to this market environment: they focus on reducing their members' transaction costs, and hence the marginal private costs of trading. Thus it is likely that these associations enhance efficiency. We conclude with a critique of current government policy with respect to this trade.

Go to article

China And The Gatt Agreement On Government Procurement, John Linarelli Jan 1994

China And The Gatt Agreement On Government Procurement, John Linarelli

Scholarly Works

No abstract provided.

Go to article

The Political Economy Of International Organizations And The New World Order: North-South Relations From A Southern Perspective, Alaadin M. Elgendy Jan 1994

The Political Economy Of International Organizations And The New World Order: North-South Relations From A Southern Perspective, Alaadin M. Elgendy

Theses Digitization Project

No abstract provided.

Go to article

Policy Perspectives And Future Directions: A View From A Former U.S. Trade Representative, Clayton K. Yeutter Jan 1994

Policy Perspectives And Future Directions: A View From A Former U.S. Trade Representative, Clayton K. Yeutter

Clayton K. Yeutter, U.S. Secretary of Agriculture Papers

Tom Donahue expressed very well where we as a nation and we as a world should go on the worker rights issue. I'm going to spend most of my time focusing on how we get there, if we really want to accomplish something. Many countries would prefer not to have worker rights in the GATT at all. When we went to Punta del Este in 1986 to begin the Uruguay Round, the United States was a minority of one in trying to get the worker rights issue on the agenda in any way, shape, or form.

Go to article

Central Bank Of Nigeria Annual Report And Statement Of Accounts For The Year Ended 31st December 1994, Central Bank Of Nigeria Jan 1994

Central Bank Of Nigeria Annual Report And Statement Of Accounts For The Year Ended 31st December 1994, Central Bank Of Nigeria

CBN Annual Report

In 1994, Nigeria faced economic challenges such as declining GDP growth, inflation, and a weakened external sector due to expansionary fiscal and monetary policies, political unrest, and labor issues. Despite this, the global economy saw stronger recovery in industrialized countries and developing regions like Asia and Latin America. The Nigerian economy struggled with slow growth, manufacturing decline, rising inflation, large budget deficit, and weakened external sector performance. Efforts to stabilize the exchange rate were hindered by differences between official and unofficial market rates. Internationally, there were improvements in the world economy with higher growth rates in developed and developing countries. …

Go to article