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Structural Adjustment And Credit Delivery To Smes In Developing Countries., Ubadigbo Okonkwo Sep 1995

Structural Adjustment And Credit Delivery To Smes In Developing Countries., Ubadigbo Okonkwo

Bullion

In this paper, an attempt was made to analyse the impact of SAP and related financial reform on SMEs. The experience of East Asian economies has shown that Governments can intervene successfully in financial markets by creating financial institutions and directing credit in ways that promote both economic stability and growth. Other developing countries can draw useful lessons from the East Asia experience.

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Equipment Leasing In Nigeria: Trends And Prospects., E. N. Egbuna Sep 1995

Equipment Leasing In Nigeria: Trends And Prospects., E. N. Egbuna

Bullion

This paper seeks to appraise the development of equipment leasing in Nigeria. To this end, the paper is divided into four sections. Section 1 discusses the evolution and historical background to equipment leasing as well as its trend in Nigeria. Section 2 states the types of leases and the structure of assets leased in Nigeria. Sections 3 examines the advantages and disadvantages of leasing in general, and the major constrains to the development of this industry in Nigeria. Section 4 recommends policies and concludes the paper

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Investment Opportunities In Nigeria’S Gas Industry, F P. Odinnaka Sep 1995

Investment Opportunities In Nigeria’S Gas Industry, F P. Odinnaka

Bullion

This paper examines investment opportunities in the industry, especially opportunities for both foreign and domestic entrepreneurs in small and medium scale enterprises. In doing this, the paper analyses statistics on natural gas, reviews various gas projects and examines investment opportunities in the gas industry. The rest of the paper proffers some policy recommendations and ends with a summary and conclusion.

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Slow Motion: Economic Mobility Of Young Workers In The 1970s And 1980s, Greg J. Duncan, Johanne Boisjoly, Timothy M. Smeeding Sep 1995

Slow Motion: Economic Mobility Of Young Workers In The 1970s And 1980s, Greg J. Duncan, Johanne Boisjoly, Timothy M. Smeeding

Center for Policy Research

This paper investigates the question of how long it takes young male workers to earn enough to reach a given standard of living, e.g., enough to support a family. We use the Panel Study of Income Dynamics data on the earnings of children and their parents to answer these questions. Our findings are that all groups of men, classified by race, ethnicity, and education level, are taking longer to reach a given standard of living. Some, e.g., undereducated black males, will never reach middle class standards of living for themselves. Implications for household formation, marriage, and public policy are discussed …

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Vol. 18 No. 3 (1995): Pacific Studies Full Issue, The Jonathan Nāpela Center For Hawaiian And Pacific Islands Studies Sep 1995

Vol. 18 No. 3 (1995): Pacific Studies Full Issue, The Jonathan Nāpela Center For Hawaiian And Pacific Islands Studies

Pacific Studies

Pacific Studies is published two times a year by The Jonathan Nāpela Center for Hawaiian and Pacific Studies, Brigham Young University Hawai‘i #1979, 55–220 Kulanui Street, Lāʻie, Hawai‘i 96762, but responsibility for opinions expressed in the articles rests with the authors alone. Subscription rate is US$40.00 yearly, payable to The Jonathan Nāpela Center for Hawaiian and Pacific Studies. The Jonathan Nāpela Center for Hawaiian and Pacific Studies (formerly The Pacific Institute) is an organization funded by Brigham Young University Hawai‘i. The Center assists the University in meeting its cultural and educational goals by undertaking a program of teaching, research, and …

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Contributors: Vol 18 No. 3, The Jonathan Nāpela Center For Hawaiian And Pacific Islands Studies Sep 1995

Contributors: Vol 18 No. 3, The Jonathan Nāpela Center For Hawaiian And Pacific Islands Studies

Pacific Studies

Contributors list of Vol. 18 (1995): Pacific Studies Full Issue 3

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On The Issue Of Universal Banking In The Nigerian Context., V. A. Odozi Sep 1995

On The Issue Of Universal Banking In The Nigerian Context., V. A. Odozi

Bullion

The paper analyses the real issue in Universal Banking. Highlighting the global spread, the concept, the alternative approaches to Universal Banking as while the pros and cons. The author of the view that Universal Banking cannot deal with the inefficiencies and distortions in the system nor will it make a distressed merchant bank viable.

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Convertibility Of The Naira: Issues And Prospects., J. O. Ashinze, E. A. Onwuoduokit Sep 1995

Convertibility Of The Naira: Issues And Prospects., J. O. Ashinze, E. A. Onwuoduokit

Bullion

The rapidly unfolding development's in the world economy in recent times, have led to resurgent calls for moves towards currency convertibility (basically, the unrestricted use of a country's currency for international transactions, allowing it to be freely exchanged for foreign currencies) as a part of the process of integration into the world market economy. This paper seeks to discuss the issues and prospects of naira convertibility. The paper is divided into four parts. Part 1 discusses the various concepts of and preconditions for currency convertibility. Part II, evaluates Nigeria's economic conditions in relation to the issue of convertibility. In Part …

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Vol. 18 No. 3 (1995): Pacific Studies Front Matter, The Jonathan Nāpela Center For Hawaiian And Pacific Islands Studies Sep 1995

Vol. 18 No. 3 (1995): Pacific Studies Front Matter, The Jonathan Nāpela Center For Hawaiian And Pacific Islands Studies

Pacific Studies

Pacific Studies is published two times a year by The Jonathan Nāpela Center for Hawaiian and Pacific Studies, Brigham Young University Hawai‘i #1979, 55–220 Kulanui Street, Lāʻie, Hawai‘i 96762, but responsibility for opinions expressed in the articles rests with the authors alone. Subscription rate is US$40.00 yearly, payable to The Jonathan Nāpela Center for Hawaiian and Pacific Studies. The Jonathan Nāpela Center for Hawaiian and Pacific Studies (formerly The Pacific Institute) is an organization funded by Brigham Young University Hawai‘i. The Center assists the University in meeting its cultural and educational goals by undertaking a program of teaching, research, and …

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Pearl Farming In The Tuamotus: Atoll Development And Its Consequences, Moshe Rapaport Sep 1995

Pearl Farming In The Tuamotus: Atoll Development And Its Consequences, Moshe Rapaport

Pacific Studies

No abstract provided.

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Books Received And Book Notices, The Jonathan Nāpela Center For Hawaiian And Pacific Islands Studies Sep 1995

Books Received And Book Notices, The Jonathan Nāpela Center For Hawaiian And Pacific Islands Studies

Pacific Studies

Book Listing for the Vol 18, No 3 Edition of the Pacific Studies Journal

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Assisting Defense Conversion Technology Transfer Efforts. A Case Study Of Ohio's Miami Valley, Marissa C. Salvador Sep 1995

Assisting Defense Conversion Technology Transfer Efforts. A Case Study Of Ohio's Miami Valley, Marissa C. Salvador

Theses and Dissertations

Major changes in the geopolitical environment and the social and economic needs of the United States have resulted in resources being shifted away from national defense. Although the expected decrease in defense spending should not be harmful in macroeconomic terms, it can be devastating locally. To mitigate the effects of the drawdown, individual states and local communities must search for ways to bolster their local economies. One avenue that can be pursued to enhance future economic growth is the transferring of technologies to the commercial sector. Intermediary organizations have emerged to facilitate the process of technology transfer by serving as …

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The Implementation Of Federal Government Policy In The Reuse Planning Of Military Installations: A Case Study Of Gentile Air Force Station, John L. Hoover Sep 1995

The Implementation Of Federal Government Policy In The Reuse Planning Of Military Installations: A Case Study Of Gentile Air Force Station, John L. Hoover

Theses and Dissertations

Local communities affected by a base closure are uncertain as to their future and look to the federal government for guidance and economic assistance in rebuilding their local economy. The local communities want to close the base with as little federal government interference as possible and convert the base to civilian use with as much federal financial assistance as possible. During 1993-1994 two Air Force Institute of Technology research teams began longitudinal case studies of the base closure and rescue process at Gentile Air Force Station, Ohio to determine the effectiveness of the federal government's current approach. These research teams …

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A Conditional Kolmogorov Test, Donald W.K. Andrews Sep 1995

A Conditional Kolmogorov Test, Donald W.K. Andrews

Cowles Foundation Discussion Papers

This paper introduces a conditional Kolmogorov test of model specification for parametric models with covariates (regressors). The test is an extension of the Kolmogorov test of goodness-of-fit for distribution functions. The test is shown to have power against 1/root{n}-local alternatives and all fixed alternatives to the null hypothesis. A parametric bootstrap procedure is used to obtain critical values for the test.

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New Mexico Labor Market Review 08-31-1995, New Mexico Department Of Labor Aug 1995

New Mexico Labor Market Review 08-31-1995, 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 July 1995.

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Implications For South Dakota Counties Of Decreases In Federal Farm Program Supprt Payments; Grain Price, Exports, And Frost, Thomas L. Dobbs, Janice M. Meehan, Richard Shane Aug 1995

Implications For South Dakota Counties Of Decreases In Federal Farm Program Supprt Payments; Grain Price, Exports, And Frost, Thomas L. Dobbs, Janice M. Meehan, Richard Shane

Economics Commentator (1972- 2016)

No abstract provided.

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South Dakota Agricultural Land Values And Rental Practices: 1995, Burton Pflueger, Larry Janssen, Laural Venhuizen Aug 1995

South Dakota Agricultural Land Values And Rental Practices: 1995, Burton Pflueger, Larry Janssen, Laural Venhuizen

Economics Commentator (1972- 2016)

No abstract provided.

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A Comparative Review Of The Major Options For The Marketing Of Nigeria's Agricultural Commodities, M. O. Ojo, E. E. Inang, E. U. Ukeje Aug 1995

A Comparative Review Of The Major Options For The Marketing Of Nigeria's Agricultural Commodities, M. O. Ojo, E. E. Inang, E. U. Ukeje

CBN Occasional Papers

The main aim of the paper is to critically review past commodity marketing systems in Nigeria, highlight some of the weaknesses which constrained their efficiency, as well as assess the performance of the present system and determine the advisability of retaining or modifying the present marketing arrangement. The performance of the Commodity Boards before their abolition in 1986 was adjudged unsatisfactory. However, since the abolition of the Boards, it has been observed that the new produce marketing arrangement has introduced some dynamism into commodity pricing as produce prices for the first time have been determined by the combined forces of …

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Towards Improved Competitiveness Of The Economies Of The West African Economic And Monetary Union, E. O. Akinnifesi Aug 1995

Towards Improved Competitiveness Of The Economies Of The West African Economic And Monetary Union, E. O. Akinnifesi

CBN Occasional Papers

As is well known, a monetary union with a common currency confers on its members the advantage of fixed exchange rate and consequent relative price stability. While these advantages held sway up to the mid-1980s in the case of the seven member countries of the CEA franc zone in West Africa, the vulnerability of the zone to external shocks became manifest from the second half of the 1980s. Fairly persistent overvaluation of the CEA franc over time had weakened the competitiveness of the export sector leading to several economic problems including domestic and external debt arrears, capital flight, and negative …

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Growth, Trade, And International Transfers, Eric O'N. Fisher Aug 1995

Growth, Trade, And International Transfers, Eric O'N. Fisher

Economics

This paper analyzes the simplest neoclassical economy in which agents have finite lives and there is sustained per capita growth. The growth rate of the world economy depends upon countries’ savings propensities and common technology. Trade can reverse an economy’s autarkic growth trajectory, and a country with a high savings rate runs a current account surplus. If a surplus country expands aggregate demand while a deficit country contracts analogously, world growth increases. An appropriate international policy can change the path of the world economy from stagnation to growth.

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A New Way Of Thinking About The Current Account, Eric O'N. Fisher Aug 1995

A New Way Of Thinking About The Current Account, Eric O'N. Fisher

Economics

Extending the theory of generational accounts, I show that the conventional current account is not related to the real effects of a country's fiscal policy. For any international array of fiscal policies, a country can implement its own policy so that the conventional government and current account deficits are zero in every period. I argue that economists should develop a new measure of the current account. This measure is forward looking and keeps track of expected transfers between countries.

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Will Seek Funding Help Bring Equity In Educational Output To Kentucky's School Districts?, William Winfrey Aug 1995

Will Seek Funding Help Bring Equity In Educational Output To Kentucky's School Districts?, William Winfrey

Masters Theses & Specialist Projects

The Constitution of the United States gave the individual states the responsibility of providing an adequate minimum education to their citizens. With this responsibility came the additional responsibility of financing the educational process. I will examine the historical thoughts on funding, emphasizing Kentucky, past and present. An ordinary least squares regression analysis will be used to predict the success of the Support Educational Excellence in Kentucky formula. Success is defined as bringing equity of testbased outputs to all school districts. The model and variables are then examined and conclusions drawn concerning the new funding formula.

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Labor Income Indices Designed For Use In Contracts Promoting Income Risk Management, Robert J. Shiller, Ryan Schneider Aug 1995

Labor Income Indices Designed For Use In Contracts Promoting Income Risk Management, Robert J. Shiller, Ryan Schneider

Cowles Foundation Discussion Papers

Labor income indices are created for groupings of individuals, using data from the Panel Study of Income Dynamics. People are grouped by a clustering algorithm based on an estimated transition matrix between jobs, by education level, and by skill category. The groups are defined so that relatively few people move between them. For each of the groupings, we generate a labor income index using a hedonic repeated-measures regression methodology. Similarities between pairs of indices and between indices and individual labor incomes are described. It is argued that indices like those presented here might someday be used in settlement formulae in …

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Evaluating The Probability Of Failure Of A Banking Firm, Moshe Buchinsky, Oved Yosha Aug 1995

Evaluating The Probability Of Failure Of A Banking Firm, Moshe Buchinsky, Oved Yosha

Cowles Foundation Discussion Papers

We develop a dynamic model in which the probability of failure of an infinitely lived financial intermediary (bank) is determined endogenously as a function of observable state and policy variables. The bank takes into account the effect of the optimal policy (the interest on deposits, dividend payouts, risky investments) on the probability of failure, which in turn affects the bank’s ability to extract deposits. With the aid of simulations we study the effect of variables such as bank size, the riskiness of the bank’s investment opportunities, and reserve requirements on the bank’s optimal policy and on its probability of failure. …

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A Model For Simulating Life Histories Of The Elderly: Model Design And Implementation Plans, Douglas Wolf, Jan Ondrich, Kenneth G. Manton, Eric Stallard, Max A. Woodbury, Larry Corder Aug 1995

A Model For Simulating Life Histories Of The Elderly: Model Design And Implementation Plans, Douglas Wolf, Jan Ondrich, Kenneth G. Manton, Eric Stallard, Max A. Woodbury, Larry Corder

Center for Policy Research

This paper provides a strategy for the development of a model of life-cycle change in functional status, economic well-being, and family composition, with particular attention to persons aged 65 and older. The overall goal is to use the model as the basis for individual-level projections of the later life cycle, that is, microsimulation. Specifically, the scope of the project includes: 1. Specification and estimation of equations for the dynamics of functional status, nursing home occupancy, income and death among those aged 65+, using data from the 1982, 1984, and 1989 National Long-Term Care Survey (NLTCS) linked to Medicare data for …

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The Adequacy Of Unemployment Insurance Benefits, Christopher J. O'Leary Aug 1995

The Adequacy Of Unemployment Insurance Benefits, Christopher J. O'Leary

Book Chapters

No abstract provided.

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Testable Restrictions On The Equilibrium Manifold, Donald J. Brown, Rosa L. Matzkin Aug 1995

Testable Restrictions On The Equilibrium Manifold, Donald J. Brown, Rosa L. Matzkin

Cowles Foundation Discussion Papers

We present a finite system of polynomial inequalities in unobservable variables and market data that observations on market prices, individual incomes and aggregate endowments must satisfy to be consistent with the equilibrium behavior of some pure trade economy. Quantifier elimination is used to derive testable propositions on finite data sets for the pure trade model.

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A Historical, Theoretical, And Empirical Study Of Ppp Using Traditional And Alternative Methodologies, Kerry E. Clendenon Aug 1995

A Historical, Theoretical, And Empirical Study Of Ppp Using Traditional And Alternative Methodologies, Kerry E. Clendenon

Economics Theses & Dissertations

No abstract provided.

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Job Growth And The Quality Of Jobs In The U.S. Economy, Susan N. Houseman Aug 1995

Job Growth And The Quality Of Jobs In The U.S. Economy, Susan N. Houseman

Upjohn Institute Working Papers

During the 1980's employment grew rapidly in the United States, prompting many analysts to label the U.S. economy the great American job machine. But while aggregate employment increased rapidly during the 1980's, many did not benefit from the expansion. Among less educated prime-age males, unemployment rates rose and labor force participation rates declined sharply. Moreover, although job growth was high, many argued that the quality of American jobs as measured by wages, benefits, and job security deteriorated. The decline of jobs in the high-paying manufacturing sector and the growth of jobs in the low-paying services sector, the growth in part-time …

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The Adequacy Of Unemployment Insurance Benefits, Christopher J. O'Leary Aug 1995

The Adequacy Of Unemployment Insurance Benefits, Christopher J. O'Leary

Upjohn Institute Technical Reports

No abstract provided.

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