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New Mexico Labor Market Review 07-31-2005, New Mexico Department Of Labor

Historic Publications

The New Mexico Labor Market Review is a monthly publication presenting statistical data and analysis on labor market conditions throughout New Mexico. Issues examine statewide and regional trends in employment, unemployment, labor force estimates, industry activity, wages, occupational demand, and related economic conditions, often accompanied by feature articles on topics affecting the state’s economy. This issue covers June 2005.

Fiscal Policy And Local Economic Development, William Hoyt, John Garen

CBER Research Report

No abstract provided.

Micro-Level Estimation Of Child Malnutrition Indicators And Its Application In Cambodia, Tomoki Fujii

Research Collection School Of Economics

One of the major limitations in addressing child malnutrition is lack of information that could be used to target resources. By combining demographic and health survey (DHS) and population census data, the author disaggregates the estimates of the prevalence of child malnutrition in Cambodia from currently available 17 DHS strata into 1,594 communes. The methodology is built on the small-area estimation technique developed by Elbers, Lanjouw, and Lanjouw. The author extends it to jointly estimate multiple indicators and to allow for a richer structure of error terms. Average standard errors for the commune-level estimates in this study were about 4 …

Information And Communication Technologies And The Effects Of Globalization: Twenty-First Century “Digital Slavery” For Developing Countries—Myth Or Reality?, L. A. Ogunsola

E-JASL: Electronic Journal of Academic and Special Librarianship (1999-2009, Volumes 1-10)

Abstract

The main goal of this paper is to examine the ICT (Information and Communication Technology) revolution and the concept of globalization as they effect developing countries. Globalization as one of the reasons for possible widening of the gap between the poor and the rich nations was examined and the emerging concept of “digital slavery” was carefully evaluated. The wide gap in availability and use of ICTs across the world and the influences ICTs exert on globalization at the expense of developing countries were carefully examined and suggestions and necessary policies were offered for developing countries to leap-frog the industrialization …

Competition, Consumer Welfare, And The Social Cost Of Monopoly, Yoon-Ho Alex Lee, Donald J. Brown

Cowles Foundation Discussion Papers

Conventional deadweight loss measures of the social cost of monopoly ignore, among other things, the social cost of inducing competition and thus cannot accurately capture the loss in social welfare. In this Article, we suggest an alternative method of measuring the social cost of monopoly. Using elements of general equilibrium theory, we propose a social cost metric where the benchmark is the Pareto optimal state of the economy that uses the least amount of resources, consistent with consumers’ utility levels in the monopolized state. If the primary goal of antitrust policy is the enhancement of consumer welfare, then the proper …

Refundable Tax Credits For Health Insurance: The Sensitivity Of Simulated Impacts To Assumed Behavior, David W. Emmons, Eva Madly, Stephen A. Woodbury

Upjohn Institute Working Papers

We replicate and extend a simulation model developed by Jonathan Gruber with the goals of illuminating Gruber's modeling of health insurance coverage under a tax credit and examining the sensitivity of the results to changes in the model's key parameters. The replications suggest that a refundable tax credit of $1,000 for a single individual or $2,000 for a family for private health insurance would reduce the number of uninsured individuals by between 17.5 and 28 percent and require new government expenditures of between $16.6 and $44 billion, of which about $7.4-$9.7 billion would be for coverage of previously uninsured individuals. …

Refundable Tax Credits For Health Insurance, David W. Emmons, Eva Madly, Stephen A. Woodbury

Employment Research Newsletter

No abstract provided.

New Mexico Labor Market Review 06-30-2005, New Mexico Department Of Labor

Historic Publications

The New Mexico Labor Market Review is a monthly publication presenting statistical data and analysis on labor market conditions throughout New Mexico. Issues examine statewide and regional trends in employment, unemployment, labor force estimates, industry activity, wages, occupational demand, and related economic conditions, often accompanied by feature articles on topics affecting the state’s economy. This issue covers May 2005.

Sustainable Development And Private Global Governance, Douglas A. Kysar

Cornell Law Faculty Publications

This Article utilizes recent controversy over Coca-Cola's alleged depletion of groundwater resources in India as a vehicle for exploring competing conceptions of global environmental governance and the role of private actors within them. Initially, it uses the Coca-Cola groundwater situation to identify core substantive and procedural meanings that lurk within the otherwise ingeniously ambiguous concept of sustainable development. Through this exercise, it is shown that - when properly understood - the sustainable development paradigm stands in considerable tension with the premises of market liberalism that drive such political and economic trends as global market integration; privatization and commodification of water …

What Is Happening To Pakistan’S External Sector?, Ishrat Husain Dr.

Faculty Research - Talks, Speeches, & Discourse

Recent media reports, commentators and editorials have raised questions about the growing trade deficit faced by Pakistan in the current fiscal year, as well as, about the rise in the absolute level of External Debt. In raising these issues a serious concern has been expressed about Pakistan’s ability to pay its external obligations and the impact on foreign reserves in the future. Alternatively, it is argued, that these obligations can be paid only by incurring higher debt from abroad and thus increasing debt burden.

Pakistan’S Budget For 2005-2006: Links With Strategic Framework, Ishrat Husain Dr.

Faculty Research - Talks, Speeches, & Discourse

Let me first begin by commending the Institute of Bankers for organizing this forum once again for the banking community so that they get a first shot of what the budget implies for them, as well as, for the country as a whole. I would not like to repeat what has been said by the two previous speakers but let me say that we should understand the process because there is some confusion about the way the budget is formulated.

Ireland's New Responsibility: Refugees Buy The Irish Another Round, Shae D. Armstrong

ExpressO

Over the previous decade, Ireland's economic boom has attracted asylum seekers from around the globe to this small island nation. Ireland's economic explosion created growing pains for industrial sectors of the Irish economy. Ireland’s continued willingness to diversify its neighborhoods will promote even greater economic prosperity. Furthermore, refugees will satisfy several of the economic demands of Ireland’s massively growing economy. Asylum seekers granted refugee status in Ireland will satisfy present labor shortages in Ireland. Also, these refugees will allow Ireland to establish an economic partnership with non-EU countries that have a propensity to export asylum seekers.

The Effects Of Price Regulation On Pharmaceutical R&D And Innovation, Heather M. O'Neill, Lena Clarissa Crain

Business and Economics Faculty Publications

As rising health care expenditures focus government attention on slowing the growth, the pharmaceutical industry comes under increasing pressure to curb prices of ethical drugs. Pharmaceutical price regulations have been implemented in many countries to control pharmaceutical expenditures. Yet, creating innovative drugs requires enormous R&D costs, which in turn require adequate expected economic returns. Since price controls reduce profits and expected returns, as countries invoke stricter price regulations, firms will either move their R&D process into less regulated markets or move out of innovative R&D. This paper assesses the impact of drug price regulations in Japan compared to market-priced drugs …

Democracy And Development: Lessons From Turkish Experience Applied To Ethiopia, Paul B. Henze

International Conference on African Development Archives

Ethiopia's development problems are not unique. Similar problems have been (and are being) encountered in many other countries. Turkey's successful transformation from a politically and economically backward, stagnant country into one of the most dynamic societies of our time offers an example of the kind of progress Ethiopia can hope for during the 21st century. How did Turkey transform itself in little over half a century? Turkey and Ethiopia have similarities. Both have complicated geography but lack major wealth in minerals and oil. Both have suffered strife and political turmoil. Both have unstable and aggressive neighbors. Both carry a heavy …

Are The Millennium Development Goals (Mdgs) Feasible? Can The Deadlines Be Met Particularly For Education And Gender? The Case Of Ethiopia, Meskerem Shiferaw

International Conference on African Development Archives

This paper addresses the feasibility of the MDGs in Ethiopia, in general and in particular Education and Gender issues in relation with the deadline of 2015 a target set by the UN millennium declaration. The paper will assess the possibility of achieving universal primary education by 2015 in Ethiopia, for all school age children. The role required by parents and the community, private sector and what has been so far to achieve these goals will be reviewed as a follow-up to my previous paper (educating the community, Western Michigan’s Ethiopian American Foundation International conference, 2003). Both for education and gender …

The Economics Of Rotating Savings And Credit Association: Evidence From Ethiopia, Abbi M. Kedir

International Conference on African Development Archives

Using a unique individual level data on the membership of Rotating Savings and Credit Associations (ROSCAs) collected in 1994 from seven major urban centres in Ethiopia, we provide one of the few econometric tests of the economic theory of ROSCAs. In recognition of the heterogeneity of rosca types across space, we provide basic information about the characteristics of roscas in urban areas of Ethiopia. In addition, we use individual and household level data to describe the characteristics of both rosca participants and non-participants. The findings from the descriptive part of the analysis indicate that most of the rosca members are …

Concepts And Perspectives From The Economics Of Sustainable Development: Views Of Economists And Their Policy Implications For Ethiopia And The Rest Africa, Sisay Asefa

International Conference on African Development Archives

Sustainable development is a concept about the relationship between economic growth and the environment. The term was first used in 1987 by the World Commission on Environment and Development (also known as the Brundtland Commission for its Chair, Gro Harlem Brundtland). In the Commssion’s report, “our common Future”, it defined sustainable development as “development that meets the needs of the present without compromising the ability of future generations to meet their own needs” (World Commission on Environment and Development 1987. The aim of this paper is to explore the various dimensions of sustainability from an economic perspective by focusing …

Rationality, Tort Reform And Contingent Valuation: A Classroom Experiment In Starting Point Bias, Victor Matheson

Economics Department Working Papers

This simple classroom experiment demonstrates the existence of starting point bias. Asked to place a dollar value on a non-market good such as the loss of a limb or the destruction of a wetland, students place a much smaller value on the loss if a small value is first suggested by the questioner while placing a significantly higher value on the loss when a large value is originally suggested. This experiment can be used in theory classes to demonstrate the limits of individual rationality or in applied classes in law or environmental economics in relation to tort reform or contingent …

Fiscal Federalism And Its Discontents: Theory And Policy, Abu Girma Moges

International Conference on African Development Archives

A number of countries have pursued fiscal decentralization within a broad context of political and economic reforms to improve the performance of their public sector. Fiscal decentralization can potentially improve the allocation efficiency of the public sector and increase the capacity of a nation to address its pressing economic, social and political problems. The sustainability of such an approach is conditioned by the existence of effective democratic institutions and implementation capabilities. When political imperatives dictate the adoption of fiscal decentralization, however, the process would confront problems of the commons, capacity constraints and externalities that would limit the potential efficiency gains …

Ethiopia In The World Economy: Trade, Private Capital Flows, And Migration, Kenneth A. Reinert

International Conference on African Development Archives

Economic globalization can be evaluated with reference to at least three dimensions: trade, private capital flows, and migration. For each of these dimensions, pathways can be identified through which economic globalization can alleviate or contribute to poverty. This paper makes a preliminary examination of the pathways between globalization and poverty for the case of Ethiopia. As one of the world’s poorest countries, Ethiopia’s integration with the world economy takes on specific features. It is highly dependent on the exports of a few goods, has imported a large amount of arms, is largely excluded from global FDI flows, benefits from relatively …

Socioeconomic Impact Of Export Oriented Agricultural Production On Farmers, In Eastern Ethiopia, Adem Kedir

International Conference on African Development Archives

This study was undertaken to assess the socio-economic impact of producing export oriented agricultural crops on the livelihoods of the farmers, in eastern Ethiopia. A random sample of 305 farmers was studied. Comparisons were made between producers and non-producers using the Z- test and regression analysis. It was found that producers of export oriented crops are better off than the non-producers in terms of sending children to elementary school, housing conditions and ability to finance their families’ food requirements. The impact of father’s education, number of children and livestock ownership on the improvements in the livelihoods of the farmers and …

The 3rd Eaf-Earo & Wmu-Cadpr International Symposium On Ethiopian Development Studies, June 18-19, 2005, The Ghion Hotel, Addis Ababa, Ethiopia, Sisay Asefa

International Conference on African Development Archives

Introductory remarks for Third International Conference on Development Studies in Ethiopia, June 18-19, 2005, Addis Ababa, Ethiopia.

Integrated Agricultural Development Strategies In The Anrs: Lessons From The Amarew Project, Brhane Gebrekidan, Yitayew Abebe, Fekadu Yohannes, Elias Zerfu, Habtemariam Kassa

International Conference on African Development Archives

The Amhara Micro-enterprise development, Agricultural Research, Extension and Watershed management (AMAREW) Project is a USAID/Ethiopia Mission funded initiative established in July 2002 to provide technical assistance in integrated agricultural development in the Amhara National Regional State (ANRS). The Project works to strengthen agricultural research, extension, watershed management, capacity building, and micro-enterprise development in the ANRS by collaborating with its ANRS partners in strategically selected two pilot watershed sites and five pilot food-insecure woredas.

The Project is being implemented by a Virginia Tech led Consortium (Virginia Tech, Cornell University, Virginia State University and ACDI/VOCA) in collaboration with its ANRS Primary Partners …

Banking Sector Reforms And Bank Consolidation: Conceptual Framework., Moses Ajayi

Bullion

Reforms are predicated upon the need for reorientation and repositioning of an existing status quo in order to attain an effective and efficient state The objective of this paper is, therefore, to present the conceptual framework for banking sector reforms. particularly, consolidation. The paper is divided into five sections. following the introduction, section ll conceptualizes the facets of reforms and conceptual issues on consolidation in the banking sector, while section ll discusses the critical success issues in banking sector consolidation. section IV presents concepts associated with country elements of banking elements of banking reforms, while section five concludes the paper. …

Post-Consolidation Challenges., Biodun Adedipe

Bullion

This paper tend to look at the huge complexity of a consolidation programme of the kind embarked upon by the CBN demands caution, constant reappraisal of strategies and actions, and full attention to the identified and emerging challenges. The paper is structured into three parts, dealing with the benefits of a properly conceived and effectively implemented consolidation programme, which has several components. beyond the benefits, the challenges that the banking industry stakeholders (especially the Central Bank of Nigeria) will face when the "dust settles". The final part offers some advice on what the CBN and other stakeholders should do in …

Lake Hospital System: An Economic Impact Study, Robert Sadowski, Ziona Austrian

All Maxine Goodman Levin School of Urban Affairs Publications

Since its establishment in 1902, Lake Hospital System (LHS) has been a community-based, not-for-profit provider of comprehensive healthcare services to the residents of Lake, eastern Cuyahoga, Geauga, and Ashtabula Counties. Today, LHS is the largest employer in Lake County, with 500 physicians and over 2,400 healthcare professionals working in seven facilities.

Purchasing Power Parity And Exchange Rate In Nigeria: A Regime Switching Approach., M. C. Ononugbo

Economic and Financial Review

This study basically extends the work of Obaseki (1998) by including an additional variable to capture the impact of changes in exchange rate regime. The paper undertakes an empirical examination of the long-run co-movement in naira exchange rate and relative price levels of Nigeria and USA. The impact of the policy swap from a system of exchange rate control to a market based system (captured by a dummy variable) is investigated using an error correction model. The outcome reveals the applicability of the PPP using Nigerian data. From the analysis, the prevailing nominal exchange rate during the period closely approximates …

Determinants Of Non Debt Government Expenditure In Nigeria: 1970-2003., Magnus O. Abeng

Economic and Financial Review

This paper is an empirical attempt to situate and examine the trend in the growth and structure of non-debt government expenditure in Nigeria. The objective is to elicit the determining factors driving non-debt expenditure growth profile, and by implication the growth of gross domestic product (GDP) in Nigeria. The study found a continuous downward movement, compared with allusions of increasing size of government expenditure as measured by the expenditure to GDP ratio. Econometric analysis indicated the existence of positive relationships and high sensitivity of total non debt expenditure to population growth, gross domestic product, total revenue and political activities, but …

Reducing Child Malnutrition: How Far Does Income Growth Take Us? By Lawrence Haddad, Harold Alderman, Simon Appleton, Lina Song And Yisehac Yohannes: A Review, Sani Bawa

Economic and Financial Review

This is a review of the article “Reducing Child Malnutrition: How Far Does Income Growth Take Us?” By Lawrence Haddad, Harold Alderman, Simon Appleton, Lina Song and Yisehac Yohannes which was published in the World Bank Economic Review, Vol.17, No. 1, 2003.

Challenges Of Banking Sector Reforms And Bank Consolidation In Nigeria., Odufu I. Imala

Bullion

This paper intended to look at the number of reforms that have since been created, several of them was intended to enhance the risk management capability of both the regulated institutions and the regulators. the current reforms are part of the broader and on-going national economic reforms. This paper x-rays the challenges envisaged in their implementation. Following the introduction, section 2 examines the role of the banking system in the economy, while section 3 provides the rationale for the reforms in Nigeria. Section 4, the reform agenda is discussed with a brief on the journey so far. Section 5 identifies …