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New Mexico Labor Market Review 07-31-1995, 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 June 1995.

Economic And Environmental Impacts Of Agricultural Management Systems On Wetland Areas In East-Central S. D.; Weather: Wet, Drought, Frost, Corn & Soybean Outlook, Eric Stebbins, Larry Janssen, Diane Rickerl, Richard Shane

Economics Commentator (1972- 2016)

No abstract provided.

Tariff For Revenue, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

A shorter form of this is also attached.

Cattle Situation: Short And Long Term; Rolling Hedge: Multiple Year Marketing Strategy, Gene Murra, Richard Shane

Economics Commentator (1972- 2016)

No abstract provided.

Competition Law And International Trade: The European Union And The Neo-Liberal Factor, David J. Gerber

All Faculty Scholarship

No abstract provided.

The Influence Of Special District Government On Public Spending And Debt, Michael L. Marlow

Economics

Growth in special district governments is examined as a reason behind public sector expansion in the United States. A theoretical model is developed of the optimal mix of government suppliers which predicts how special district governments affect the overall provision of government policies. The hypothesis that expansion of special district governments leads to expansion of the public sector is expirically examined over two time periods.

Estimating The World At Work, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Filmer, D. (1995, July). Estimating the world at work (Policy Research Working Paper No. 1488). World Bank.

Information Externalities, Share-Price Based Incentives And Managerial Behaviour, Simon Grant, Stephen King, Ben Polak

Cowles Foundation Discussion Papers

We survey recent theoretical research on the effects of short-term share-price based marginal incentive schemes. Such schemes can induce inefficient managerial behaviour in both hidden action and hidden type contexts. These problems arise from informational asymmetries: managers take actions to manipulate the information flow rather than to maximize firm value. More generally, imperfect transmission of information between managers and shareholders or between managers of different firms can lead to similar distortions even when the parties’ interests are aligned.

Testing Additivity In Generalized Nonparametric Regression Models, Pedro Gozalo, Oliver B. Linton

Cowles Foundation Discussion Papers

We develop kernel-based consistent tests of an hypothesis of additivity in nonparametric regression extending recent work on testing parametric null hypotheses against nonparametric alternatives. The additivity hypothesis is of interest because it delivers interpretability and reasonably fast convergence rates for standard estimators. The asymptotic distributions of the tests under a sequence of local alternatives are found and compared: in fact, we give a ranking of the different tests based on local asymptotic power. The practical performance is investigated via simulations and an application to the German migration data of Linton and Härdle (1996).

Labor Market Adjustment In Europe, Japan, And The United States, Susan N. Houseman

Conference Papers

No abstract provided.

Social Safety Nets In Central Europe: Preparation For Accession To The European Union?, Lucjan Orlowski

WCBT Faculty Publications

Examines policy solutions aimed at reducing unemployment and at improving the pension and other social security systems in Central European countries. Reformulation of social safety nets and income transfers in preparation for accession to the European Union; Delay of structural adjustment; Prolongation of high unemployment; Inclusion of other elements not included in the existing programs.

Abolish The Department Of Commerce Now, Murray L. Weidenbaum

Murray Weidenbaum Publications

Many people believe that the Department of Commerce has outlived its usefulness. Eliminating the whole department is one way for the federal government to reduce unnecessary costs and regulation. Certain divisions that are essential could be slimmed down and moved to other departments.

Workers, Trade Unions And The State In Egypt, 1984-1989, Omar El Shafei

Faculty Books

In the last paragraph of their masterpiece on the Egyptian workers' movement, Workers on the Nile, Joel Beinin and Zachary Lockman suggested that "[t]he strike and riot of textile workers in Kafr al-Dawwar in September 1984 may signal an end to the period of relative economic peace and labor quiescence" in Egypt. Their expectation turned out to be true. The 1984 upheaval in Kafr al-Dawwar was followed by five years of intensifying workers' struggle throughout Egypt. This culminated in two major sit-ins at the Helwan Iron and Steel Company in July and August 1989. Two salient aspects of this period …

Review Of The Macroeconomics Of Self-Fulfilling Prophecie By Roger E. A. Farmer, Abdur Chowdhury

Economics Faculty Research and Publications

No abstract provided.

Paul Krugman And The Illusion Of The Illusion Of Conflict In International Trade, Spencer J. Pack

Economics Faculty Publications

No abstract provided.

Historical And Projected Population _July 1995, Adelamar Alcantara, Rick Zimmerman, Dawn Kenney

BBER Publications

The report was designed to support long-range water-resource planning by estimating future population patterns and their implications for water demand.

New Mexico Labor Market Review 06-30-1995, 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 May 1995.

The Employment System, Social Security And Structure Of Household Savings, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

No abstract provided.

Central Bank Of Nigeria Statistical Bulletin, June 1995, Central Bank Of Nigeria

CBN Statistical Bulletin

Financial data is compiled from balance sheets and financial statistics, which are designed for various logistical and administrative requirements rather than economic analysis. Final data compilation involves aggregating the financial system's accounts to discern macroeconomic tendencies. The Finance and Accounts Department prepares the CBN accounting balance sheet data for the Research Department, using the monthly return of Assets and Liabilities (BANKOS 324) as a benchmark and the summary trial balance (BANKOS 302) as a source for detailed information. The Financial Statistics Office consolidates the accounts of monetary authorities and deposit money banks, producing monetary survey accounts. Deposit money banks are …

An Overview Of Foreign Investment In Nigeria: 1960 - 1995, V.A Odozi

CBN Occasional Papers

This paper examines the crucial role of direct foreign investment in Nigeria's economic development, with particular emphasis on transfer of technology, support for balance of payments and the facilitation of the structural adjustment programme. The paper then evaluates the country's efforts at promoting foreign investment and highlights important lessons to be learnt over the years. On the basis of available data, the paper believes foreign investment out-turn in Nigeria was generally unsatisfactory. Between 1970 and 1976, investment inflow through existing enterprises in Nigeria rose in nominal terms from N251.0 million to N757.4 million. Thereafter, it fluctuated freely, rising to N2,193.4 …

Instrumentalist Policymaking: Policy Criteria In A Transactional Context, F. Gregory Hayden

Department of Economics: Faculty Publications

As an extension of my recent policymaking chapter, Institutionalist Policymaking [Hayden 1993, 283-331], this paper deals with policy criteria in an instrumentalist or pragmatist framework. The works of Charles Peirce and Thorstein Veblen emphasized criteria-Peirce with explicit discussion of their character and Veblen with active application in his evaluations of various economies and institutions. Few scholars have continued in their tradition; Seymour Melman [1983], with his excellent Veblenian application of criteria in industrial policy studies, is a notable exception. Interest in the subject of criteria, except by individualist philosophers, has been scarce in the twentieth century until recently. Thirty years …

“The New Hebridean Is Everywhere”: The Oceanian Labor Trade To New Caledonia, 1865-1930, Dorothy Shineberg

Pacific Studies

No abstract provided.

Terminating Trusteeship For The Federated States Of Micronesia And The Republic Of The Marshall Islands: Independence And Self-Sufficiency In The Post-Cold War Pacific, Ellen Boneparth, M. James Wilkinson

Pacific Studies

No abstract provided.

Rethinking Pacific Islands Studies, Terence Wesley-Smith

Pacific Studies

No abstract provided.

Unit Root Tests, Peter C.B. Phillips

Cowles Foundation Discussion Papers

Classical and Bayesian unit root test procedures are reviewed, with an emphasis on testing principles and recent developments. A numerical illustration and annotated references and bibliography are provided.

Impulse Response And Forecast Error Variance Asymptotics In Nonstationary Var's, Peter C.B. Phillips

Cowles Foundation Discussion Papers

Impulse response and forecast error variance matrix asymptotics are developed for VAR models with some roots at or near unity and some cointegration. For such models, it is shown that impulse responses that are estimated from an unrestricted VAR are inconsistent at long horizons and tend to random variables rather than the true impulse responses in the limit. The asymmetric distribution of the limit variates helps to explain the asymmetry of the finite sample distributions of the estimated impulse responses that is often found in simulations. VAR regressions also give inconsistent estimates of the forecast error variance of the optimal …

Automated Forecasts Of Asia-Pacific Economic Activity, Peter C.B. Phillips

Cowles Foundation Discussion Papers

This paper reports quarterly ex ante forecasts of macroeconomic activity for the U.S.A., Japan and Australia for the period 1995-1997. The forecasts are based on automated time series models of vector autoregressions (VAR’s), reduced rank regressions (RRR’s), error correction models (ECM’s) and Bayesian vector autoregressions (BVAR’s). The models are automated by using an asymptotic predictive form of the model selection criterion PIC to determine autoregressive lag order, cointegrating rank and trend degree in the VAR’s, RRR’s, and ECM’s. The same criterion is used to find optimal values of the hyperparameters in the BVAR’s. The forecasts are graphed and tabulated. In …

Adaptive Testing In Arch Models, Oliver B. Linton, Douglas G. Steigerwald

Cowles Foundation Discussion Papers

Existing specification tests for conditional heteroskedasticity are derived under the assumption that the density of the innovation, or standardized error, is Gaussian, despite the fact that many recent empirical studies provide evidence that this density is not Gaussian. We obtain specification tests for conditional heteroskedasticity under the assumption that the innovation density is a member of a general family of densities. Our test statistics maximize asymptotic local power and weighted average power criteria for the general family of densities. We establish both first order and second order theory for our procedures. Monte Carlo simulations indicate that asymptotic power gains are …

Putting The Minimum Wage Debate In A Historical Context: Card And Krueger Meet George Stigler, Richard V. Burkhauser, Kenneth A. Couch, David Wittenburg

Center for Policy Research

Half a century ago George Stigler stated that evaluation of minimum wage policy should revolve around two questions: Does such legislation diminish poverty? Are there efficient alternatives? We argue that historically these were and continue to be appropriate questions to ask with respect to this policy. We then replicate and evaluate the analysis in Chapter 9 of Myth and Measurement: The New Economics of the Minimum Wage with regards to these questions. Given the evolution of the Earned Income Tax Credit we conclude that, aside from nostalgia, it is hard to explain the continued support for increasing the minimum wage …

Monetary Policy And The Performance Of Commercial Banks In Nigeria, Okorie A. Uchendu

Economic and Financial Review

The purpose of this study is primarily to investigate the impact of monetary policy on the performance of the commercial banking industry in Nigeria. An analysis of the industry data showed a strong relationship between monetary policy instruments and commercial bank profitability measures, suggesting that appropriate monetary and banking policies are important factors to the continued stability and profitability of the commercial banking industry. More importantly, the evidence of oligopolistic competition in the commercial banking industry involving the three big commercial banks raises questions on their influence on effective transmission of monetary policy in Nigeria, role as financial intermediaries and …