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Differential Tariffs, Negative Value-Added And The Theory Of Effective Protection, Augustine H. H. Tan

Research Collection School Of Economics

This article examines the implications for effective protection(EP) theory of allowing variable factor proportions and general equilibrium repercussions. The first claim of EP theory, is that it provides a measure of the maximum proportionate increase in factor rewards permitted by a tariff structure, as compared to a free trade regime. EP rates predict only a particular direction of resource flows whereas general equilibrium analysis, with variable input coefficients, indicates that flows contrary to EP prediction are possible. Two examples are provided, first, where there is a uniform tariff on final goods; and second, where one final sector has a higher …

Adjustment Costs And The Flexible Accelerator, George A. Hay

Cornell Law Faculty Publications

The flexible accelerator concept has provided the rationale for the regression equations used in several recent econometric studies of inventory behavior. In such a model a desired (or equilibrium) level of inventories is defined, but because of costs involved in changing the level of stocks only a partial adjustment of inventories to their desired level is achieved in any time period. This leads to the familiar decision rule in which current inventory is a linear function of the previous period's stock plus a variable or set of variables representing current demand.

The purpose of this note is to question whether …

Financial Instability Revisited: The Economics Of Disaster, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

Prepared for the Steering Committee for the Fundamental Reappraisal of the Discount Mechanism appointed by the Board of Governors of the Federal Reserve System. The paper is presented along with the printed version.

Recommendations For Management Of Flocks During Joining, K P. Croker

Journal of the Department of Agriculture, Western Australia, Series 4

THE age or experience of the ram, the number of ewes it has to serve and the management of the ram and ewe flock at mating time all influence the lamb-marking percentage.

These are the findings of a systematic research programme conducted over the period 1963 to 1955 by Dr. R. J. Lightfoot,* in collaboration with Mr. J. A. C. Smithf (1966) and continued by the author in the years 1967 to 1969.

The Systematic Bias Effects Of Incomplete Responses In Rotation Samples, William (Bill) H. Williams

Publications and Research

Rotation samples are frequently used in continuing surveys in order to obtain estimates of changes in a characteristic over time as well as separate estimates of the characteristic at specific points in time. Rotation designs involve the retention of some sampling units and the replacement of others. It has been observed in some studies that there are systematic changes in the estimate of a characteristic, depending on the frequency of appearance of a rotation group in the sample. It is shown in this paper that these systematic changes must occur provided (1) the probability of a selected unit actually appearing …

The Jacksonville Market 1970, Wjxt Research Department

City and Regional Planning -- Florida

An advertising brochure detailing Jacksonville's demographics, economy, and the overall market for Television as well as the station's resources

Introductory Note: Documents And Legislation Concerning The "Chileanization" Of Anaconda's Chile Exploration Company, A. A. Fatouros

Articles by Maurer Faculty

No abstract provided.

The Effects Of Devaluation Of The British Pound In 1967, Shoji Kimura

Masters Theses

No abstract provided.

Dynamic Models Of Economic Development And International Capital Movements, Kiyoshi Abe

Graduate Dissertations and Theses

There has been a growing awareness that the traditional theory of international capital movements is static and must be reformulated by including dynamic elements that are common in the actual world. This awareness has long since occupied the mind of the present author whose study covers not only the so-called ‘classical’ theory of J.S. Mill, F.W. Taussig, F.G. Graham, et al, and the ‘modern’ theory of B. Ohlin, G. Harberler, R.F. Harrod, et al, in the field of international economics, but also the postwar development of the theory of economic growth initiated by R.F. Harrod and E.D. Domar. The lack …

Book Review. Foreign Investments And International Law By Georg Schwarzenberger, A. A. Fatouros

Articles by Maurer Faculty

No abstract provided.

Training In Economics For Natural Resource Lawyers, Gene Wunderlich

Journal of Legal Education

No abstract provided.

The Rives Affair: The Study Of A Southeast Virginia Railroad Controversy, 1830-1846, William F. Heyer

History Theses & Dissertations

Abstract unavailable.

Discussion On ‘The Channels Of Monetary Policy’ A Paper By Frank De Leeuw & Edward M. Gramlich, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

A discussion of a research paper published in the same issue of "The Journal of Finance," Vol. XXIV, No. 2, May 1969.

Private Sector Asset Management And The Effectiveness Of Monetary Policy: Theory And Practice, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

Volume XXIV, No. 2.

Also included is a version of the article as read at the American Finance Association meeting in Chicago, 28 December 1968.

The New Uses Of Monetary Powers, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

Vol. 8, No. 2, spring 1969, pp. 1-15.

New Mexico's Economy In 1968, University Of New Mexico Bureau Of Business And Economic Research

BBER Publications

A report on the New Mexico economy and business/industry activity for 1968.

Indiana State University Financial Report 1969, Indiana State University

Financial Reports

No abstract provided.

The Economics Of Transition In Farming, G D. Oliver

Journal of the Department of Agriculture, Western Australia, Series 4

UNSTABLE income is a constant farm hazard. In addition to uncertainties like over production, obsolescence, rising costs and changes in consumer tastes which menace manufacturing industries, the farmer also has to contend with yield fluctuations arising from climatic conditions over which he has no control.

New Mexico's Economy In 1967 & 1968, University Of New Mexico Bureau Of Business And Economic Research

Historic Publications

This two‑year summary analyzes New Mexico’s economic conditions in 1967 and 1968, documenting gains in employment, personal income, construction, and services while noting slower growth in mining and agriculture.

Domestic Distortions, Tariffs, And The Theory Of Optimum Subsidy: Some Further Results, Jagdish N. Bhagwati, V.K. Ramaswami, T.N. Srinivasan

Faculty Scholarship

Bhagwati and Ramaswami (1963) showed that if there is a distortion, the Paretian first-best policy is to intervene with a tax (subsidy) at the point at which the distortion occurs. Hence a domestic tax-cum-subsidy with respect to production would be first-best optimal when there was a domestic distortion (defined as the divergence between domestic prices and the marginal rate of transformation in domestic production) just as a tariff policy would be first-best optimal under monopoly power in trade (which involves a foreign distortion). An important corollary, for the case of a distortionary wage differential, is that while a tax-cum-subsidy policy …

Contributions To Indian Economic Analysis: A Survey, Jagdish N. Bhagwati, Sukhamoy Chakravarty

Faculty Scholarship

Any survey of contributions to economic analysis in India, even though confined to the post-war years and to issues arising from domestic economic events and policy, runs into exceptional difficulties. Not only has practically every conceivable problem been raised and discussed by economists, in a country where interest in economic issues dates back at least to the latter half of the 19th century; but there have also been numerous committees and commissions whose report have led to a voluminous literature.

Ruthless selectivity has thus been inevitable. We have generally focussed, in this survey, on contributions which meet the following criteria: …

Economic Integration In East Africa: Distribution Of Gains, Robert L. Birmingham

Articles by Maurer Faculty

No abstract provided.

Selected Aspects Of The Demand For Money Function, Geraldine Bocchieri

Economics Theses & Dissertations

No abstract provided.

A Stochastic Model Of Wildfire Ignitions And Damages, John Heineke, Stein Weissenberger

Economics

A model of the production of wildfire ignitions and damages is developed and used to determine wildland activity-regulation decisions which minimize total expected cost-plus-loss due to wildfires. In this context, the implications of various policy decisions are considered. The resulting decision rules take a form which makes it possible for existing wildfire management agencies to readily adopt them upon collection of the required data.

Taxes And Share Valuation In Competitive Markets, Vernon L. Smith

Economics Faculty Articles and Research

This paper extends the fundamental theorem of share (or capital) valuation under conditions of certainty and purely competitive markets, to allow for the distinction between capital gains and income in the taxation of personal income. The objective is to develop the theorem for the tax case in a form general enough to allow for corporations both currently and not currently paying a dividend. However, the general derivation is sufficiently tedious to warrant a presentation which begins with less general cases. Accordingly, we will first develop the share valuation equation for a continuous discount version of the taxless case for corporations …

On Models Of Commercial Fishing, Vernon L. Smith

Economics Faculty Articles and Research

Commercial fishing is characterized by three key economic and technological features that are relevant to the formulation of an economic theory of fish production. 1. A fishery resource, although conceivably exhaustible, is replenishable; that is, it is subject to laws of natural growth which define an environmental biotechnological constraint on the activities of the fishing industry. 2. The resource and the activity of production from it form a stock-flow relationship. The new growth in the population fish mass depends upon the harvest rate relative to natural recruitment to the stock. If the harvest rate exceeds the recruitment rate, the stock …

A Second Look At The Suez Canal Cases: Excuse For Nonperformance Of Contractual Obligations In The Light Of Economic Theory, Robert L. Birmingham

Articles by Maurer Faculty

No abstract provided.

New Mexico's Economy In 1967 & 1968 (2), University Of New Mexico Bureau Of Business And Economic Research

Historic Publications

This two‑year summary analyzes New Mexico’s economic conditions in 1967 and 1968, documenting gains in employment, personal income, construction, and services while noting slower growth in mining and agriculture.

Economic Consequences Of The European Economic Community: A Study Of Economic Integration, Edward L. Sattler

Masters Theses

No abstract provided.

Assessing Achievement On A First-Grade Economics Course Of Study, A. Guy Larkins

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

Problem

Despite the surge of interest in economic education in the elementary school in the last two decades, there have been very few attempts to assess the ability of young children to learn economic concepts. In the primary grades, this problem is compounded by the difficulty of measuring knowledge in six and seven year old children.

Objectives

The primary objective of this dissertation was to determine whether first-grade children can learn the basic concepts in Our Working World: Families at Work. Since instruments suitable for assessing achievement on Families at Work were not available when this study was initiated, …