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The Heckscher-Ohlin Theorem In The Multi-Commodity Case, Jagdish N. Bhagwati

Faculty Scholarship

Ronald Jones, in his seminal paper (1957) on Heckscher-Ohlin theory, has argued that, for the case of two countries, two factors, and several commodities, the Heckscher-Ohlin theorem would remain valid in the following weak sense: "Ordering the commodities with respect to the capital-labor ratios employed in production is to rank them in order of comparative advantage. Demand conditions merely determine the dividing line between exports and imports; it is not possible to break the chain of comparative advantage by exporting, say, the third and fifth commodities and importing the fourth when they are ranked by factor intensity" (p. 85).

It …

A Theory Of Household Behavior Under Uncertainty, John Heineke, M. K. Block

Economics

In this paper we are concerned with the effects of uncertainty on household decisions. In particular we are interested in the response of a single economic agent's factor allocations to "changes in the amount of uncertainty" with which the agent's beliefs regarding his income are held. For problems of choice under uncertainty the recent work of Arrow [1], Sandmo [9, 10, 11], Leland [5, 6], Stiglitz [12], and others clearly testifies to the power of the expected utility hypothesis as an analytical framework. In what follows two models are examined in which the agent is assumed to be confronting a …

Determinants Of Residential Housing Starts, S. Christopher Baird

Masters Theses

No abstract provided.

Regulation Q And The Stance Of Monetary Policy, Paul John Plath

Masters Theses

No abstract provided.

The Effects Of Advertising On Inter-Industry Growth Rates, Norman K. Plummer

Masters Theses

No abstract provided.

On Models Of Commercial Fishing: The Traditional Literature Needs No Defenders, Vernon L. Smith

Economics Faculty Articles and Research

Examines the models of commercial fishing. Representation of the variable K as a measure of crowding externality in the cost function; Change of the degree of fishing pressure without changing the variable K; Modification of the output of firms by varying the inputs.

State Of New Mexico Economic Development Profile: Farmington, New Mexico Development Department, University Of New Mexico Bureau Of Business And Economic Research

BBER Publications

The economic report for the community of Farmington in the state of New Mexico provides data on several sections including but not limited to, tourism, education, labor, population and housing.

State Of New Mexico Economic Development Profile: Las Vegas, Lordsburg, Los Alamos, Los Lunas, Loving, And Lovington, New Mexico Development Department, University Of New Mexico Bureau Of Business And Economic Research

BBER Publications

The economic report for the communities of Las Vegas, Lordsburg, Los Alamos, Los Lunas, Loving, and Lovington in the state of New Mexico provides data on several sections including but not limited to, tourism, education, labor, population and housing.

Review Of "Coexistence And Commerce: Guidelines For Transactions Between East And West" By S. Pisar, Frederic L. Pryor

Economics Faculty Works

No abstract provided.

Import Controls On Foreign Oil: Tariff Or Quota?, George A. Hay

Cornell Law Faculty Publications

During the recent deliberation of the Cabinet Task Force on Oil Import Controls, considerable attention was devoted to the question whether, regardless of the level of imports which should be allowed, the control should take the form of a quota or a tariff. Occasionally reference was made to a well-known equivalence theorem which holds that when there is perfect competition in the product market a tariff will generate a volume of imports which, if alternatively set as a quota, produces an identical discrepancy between foreign and domestic prices. Therefore, other than the transfer of revenues from quota holders to the …

The Commercial Development Of Ante-Bellum Elizabeth City, Wayne H. Payne

History Theses & Dissertations

Abstract unavailable.

An Empirical Test Of Linder's Trade Hypothesis, James Norman Carnes

Economics Theses & Dissertations

Attempts have been made recently to empirically test several theories of the basis of international trade. These efforts have been concentrated mainly on the empirical testing of the Heckscher-Ohlin and the classical international trade theorems. The results so obtained are both complementary and conflicting. Although a greater degree of empirical relevance has been observed in the Ricardian model than in the Heckscher-Ohlin theorem, so far no sophisticated effort appears to have been made at the empirical testing of Linder's trade hypothesis.

Linder's thesis is that a country cannot achieve comparative cost advantage in that line of production for which there …

Local Government Finance: A Projection For North Logan, Utah, J. Mark Campbell

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

This study was developed to determine the future fiscal condition of a small rural municipality, North Logan, Utah. An effort was made to determine whether or not present revenue sources would be able to keep pace with future expenditures at the local government level by projecting North Logan, Utah's, revenues and expenditures for 1975 and 1980.

North Logan, Utah, should not have an "expenditure-revenue gap" within the next 10 years. At this time, it would appear that because of the construction growth and sales tax proportional increases, both due to large population increases, North Logan should have sufficient revenue to …

Federal Reserve Lending To Commercial Banks: Effects On Financial Market Stability And Monetary Control, David Allen Simantel

Dissertations and Theses

The Federal Reserve has proposed a change in its method of administering the discount window. This paper looks at the effects of this proposal on monetary control and on the money markets, assuming that banks base their behavior on profit maximization over the long run.

First, the reserve supply process is postulated. The conditions under which borrowing from the Federal Reserve will improve or reduce monetary control are stated. Second, the primary reserve adjustment process is formulated to show how primary reserve adjustment can affect rates in the money market. Finally arguments are set forth to show how borrowed reserves …

Indiana State University Financial Report 1971, Indiana State University

Financial Reports

No abstract provided.

Optimal Trade Policies And Non-Economic Objectives In Models Involving Imported Materials, Inter-Industry Flows And Nontraded Goods, Augustine H. H. Tan

Research Collection School Of Economics

In a recent paper in this Review, J. Bhagwati and T. N. Srinivasan investigated the question of optimal policies required to attain non-economic objectives like ensuring minimum production and employment levels in particular industries as well as preventing excess importation and consumption of some goods. The framework of Bhagwati Srinivasan's analysis is the traditional trade model. In this note we consider three alternative models which allow for inter-industry linkages, the use of imported intermediate goods and non-traded goods. In addition to the non-economic objectives analyzed by Bhagwati-Srinivasan these models allow distinction between maintaining net and gross production levels as well …

Rigid Pricing Policies And Profit Maximization, John Heineke

Economics

In this paper we present a model of a profit maximizing firm in which one price is set for the entire multiperiod planning horizon. One of the consequences of such a pricing policy, if one employs widely used assumptions about demand and cost functions, is a decision rule for choosing the optimal price which may be interpreted as the "full -cost" pricing equation of much recent controversy. The significance of this result lies in the fact that full-cost pricing and profit maximization have often been held to be inconsistent. In addition, this model integrates the pricing decision with the other …

Controllable Determinants Of Residential Housing Starts, Jeffrey W. Wiese

Masters Theses

No abstract provided.

Book Review. Foreign Investment: France -- A Case Study By Robert B. Dickie, A. A. Fatouros

Articles by Maurer Faculty

No abstract provided.

Regards To A Friend, A. A. Fatouros

Articles by Maurer Faculty

No abstract provided.

The Computer And The Mud Hut: Notes On Multinational Enterprise In Developing Countries, A. A. Fatouros

Articles by Maurer Faculty

No abstract provided.

Two Keynesian Models Of Simultaneous Inflation And Unemployment: Comment, Craig Macphee

Department of Economics: Faculty Publications

In his article J. Kirker Stephens demonstrates the possibility of simultaneous inflation and unemployment in a simple Keynesian model by relaxing the assumption of labor hornogeneity. As he correctly points out, most graphical and algebraic presentations of Keynesian models have not been used before lo illustrate this empirically important phenomenon. On the other hand, Professor Stephens does not explain how the problem has been analyzed before, albeit verbally, in the traditional Keynesian framework. Consequently, it may riot be readily apparent that complicating this framework with the assumption of diversified labor violates a venerable methodological rule: pluralites non est ponenda sine …

Economic Sophistication In Nineteenth Century Congressional Tariff Debates, Richard C. Edwards

Department of Economics: Faculty Publications

One of the most controversial economic issues confronting the American public during the nineteenth century was that of protection. The plea for a protective tariff had been raised as soon as the First Congress met in 1789. The issue was sharply debated off and on throughout the nineteenth century but never finally resolved. There is now a large literature relating the outcome of this issue to the economic and political interests of various involved groups.

Little effort has been made, however, to assess the impact of the tariff on economic growth, employment, and the dispersion of new technology. Nor has …

Ua68/10/1 Sociological Symposium No. 5 – Pre-Adulthood Life Cycle Series, Wku Sociology

WKU Administration Documents

Table of Contents:

• Angrist, Shirley. Personality Maladjustment & Career Aspirations of College Women
• Belcher, John C. Living Arrangements of Youth
• Bregenzer, John M. Campus Dress Styles as Communication
• Longino, Charles F. Jr. Student Ecology: The Sociology of College Life
• Reed, John P. & Robin S. Reed. Profile of the Student Censor: A Research Note on Pornography
• Richard, Michel P. Encounter with Deserters
• Shostak, Arthur B. Young Adulthood in the Blue Collar Class
• Simmons, Robert H. & A. Didrick Castberg. The Political Context of Student Protest
• Stanfield, Robert E. A Typology of Student Role Orientations

Arizona Second Annual Report State Dev_September 1970, Arizona Department Of Economic Planning And Development

Historic Publications

This report documents Arizona’s second year of participation in the Four Corners Regional Commission’s development planning program, focusing on regional economic development, planning district formation, socioeconomic projections, public investment evaluation, and economic base analysis of Arizona counties. It examines strategies for promoting balanced growth, improving coordination among state and regional agencies, and developing planning tools for long-term economic and community development in the Four Corners region.

The Elasticity Of Investment Demand: An Empirical Survey, Donald E. Schatz

Economics Theses & Dissertations

No abstract provided.

Statistics For Decision Making, Central Bank Of Nigeria Cbn

Economic and Financial Review

The paper was reproduced for the Board of Trade Journal No 3783 of September 17, 1969. It was a speech from the Prime Minister on the need to for a change from the traditional system of industrial statistics to a more comprehensive scheme of quarterly reporting of production which will be supported by annual inquiries into such matters as purchases, fixed capital formation among others.

The Neo-Classical Contributions To The Theory Of International Trade, Mohammed Arifeen

Economics Theses & Dissertations

In a dynamic economy some of the most challenging policy problems tend to originate in the realm of international economic relations. In the post World War II period, these problems have been intensified and become more complex. Students of international economics often feel perplexed by numerous divergent and diametric views that well-trained and prudent men frequently offer for the solutions of what appear to be rather simple problems. Lack of understanding of the theoretical framework of international trade is largely responsible for students' puzzlement.

It is the purpose of this thesis to assemble a minimum framework of the theoretical issues …

An Economic Analysis Of The Predator Problem In The Range-Sheep Industry In Utah, David Murray Curle

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

The economic effects, to the Utah range-sheep operation and to the economy of the state of Utah, of predation upon sheep were studied by use of a personal interview survey. This survey sampled 20 percent of the range-sheep operations in Utah.

The sheep and lamb death loss from predation was found to be 61.0 sheep and lambs per 1,000 head of ewes in fiscal 1969. The survey. also showed that 71.36 percent of the losses were lambs and 28.64 percent were ewes.

The total economic loss to Utah sheep ranchers was calculated to be 1,062,502 dollars as a result of …

Attitudes Of Selected College Professors And College Students In Utah Toward Labor Unions, Dwain Dee Stephenson

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

The attitudes of selected university professors and students in Utah toward labor unions were obtained through the medium of a questionnaire.

Most students and professors favored anti-trust laws for unions, were against the abolishment of the right-to-work law, and were evenly divided in their feelings concerning the settlement of strikes by compulsory arbitration.

A majority of students and professors were against an increase in overtime pay and a shorter work week. Students favored and professors opposed a raise in the minimum wage.

Professors and students anticipated growth in union membership as a percentage of the labor force.

Except for professors …