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Insuring Cleaner Oceans: The Economics Of Oil Pollution Prevention, Donald E. Bindler

Senior Scholar Papers

The current system of controlling oil spills involves a complex relationship of international, federal and state law, which has not proven to be very effective. The multiple layers of regulation often leave shipowners unsure of the laws facing them. Furthemore, nations have had difficulty enforcing these legal requirements. This thesis deals with the role marine insurance can play within the existing system of legislation to provide a strong preventative influence that is simple and cost-effective to enforce. In principle, insurance has two ways of enforcing higher safety standards and limiting the risk of an accident occurring. The first is through …

Foreign Direct Investment In Mexico, Yuet Wei Wan '93

Honors Projects

Over the last decade, Mexico's economy has been undergoing a series of exciting changes. In 1983, Mexico was still a highly inward-oriented economy with a government that was outspoken in its criticism of multinational cooperations. Today, Mexico ranks among the most outwardly-oriented developing economies of the world (Nunez 7). The present administration, under the leadership of President Salinas, has implemented significant changes aimed at liberalizing Mexico's policy towards foreign direct investment (FDI). The changes in Mexico's policy have been largely in response to the 1982 debt crisis and deteriorating economic conditions. This study deals with the way in which macro-economic …

Financial Integration And National Economic Policy, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

Prepared for an international seminar on financial integration and monetary stability, held in Rome on 11-12 May 1993. Revisions were made on the paper and dated 11 June and 18 June, 1993.

Finance And Stability: The Limits Of Capitalism, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

Working Paper for the Levy Economics Institute. Prepared for the Conference The Structure of Capitalism and the Firm in Contemporary Society, in Milan, 18-20 March 1993. Included are the revised paper from 26 March 1993, and an original draft.

A Comparison Of Models To Forecast Annual Average Potato Prices In Utah, Glade R. Erikson

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

Potatoes are a capital-intensive crop. A farmer who is considering expanding his potato acreage must carefully consider revenue requirements to offset the high costs of raising the crop. A method to forecast annual farm potato prices would be useful not only to the farmer, who is considering potato acreage expansion (or contraction), but also to the potato buyers.

Seven forecasting models were considered: (1) a simultaneous equation model (with five equations); (2) a Box-Jenkins type ARIMA model; (3) an exponential smoothing model; (4) a moving-average model; (5) a trend model; (6) an "opposite" model; and (7) a current, or naive, …

Integration Of Short-Run Exchange Rate Dynamics With Long-Run Equilibrium: An Empirical Analysis, Sugata Biswas

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

This study investigates the linkage between long-run and short-run dynamics of exchange rate determination for the German mark/U.S. dollar quarterly rate for the period 1973-1990. Earlier investigations failed to explicitly take into account the possible nonstationarity of the data set they were using. This study continues the work performed in this area by applying modern econometric techniques to empirical tests of the Dornbusch model. In essence, this study revives the monetary model and determines if the empirical analysis using the German/U.S. case derives elements which are compatible with the monetary theory of exchange rate determination.

Three Essays On Labor Force Participation Rates Among The Fifty States, With Empirical Tests Using Panel Data, John D. Groesbeck

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

This dissertation examined the theoretical foundations of an individual's labor force participation decision. Further, this dissertation provided empirical analysis of the impact of state tax rates, the duration of unemployment, and household size on male, female, and combined labor force participation rates of the fifty states from 1985 to 1990. Empirical tests showed that: 1) no significant relationship existed between tax variables and participation rates; 2) the duration of unemployment was positively related with participation rates while unemployment was negatively related; 3) service sector growth was positively correlated with longer durations of unemployment; and 4) household size was negatively related …

Sudanese Famines, Othom Rago Ajak

Archived Theses and Dissertations

No abstract provided.

The Impact Of Work History On Economic Security At Old Age Among Africans In South Africa, Martha Tshitshi S. Mbatha

The Journal of Sociology & Social Welfare

Work histories of most Africans in South Africa determine whether or not they will be poor at old age. To illustrate this point, the author uses the literature and data collected from elderly Africans. Findings show racial discrimination in education and in the labor market as resulting in the concentration of the majority of Africans in low paying jobs. Low wages and the absence of a national pension scheme prevent most Africans from saving for their retirement. African workers constitute the largest percentage of the working poor in South Africa. Their circumstances are unlikely to change even after retirement. At …

The State Of Department Store Retailing, Juanita Smith

Mahurin Honors College Capstone Experience/Thesis Projects

No abstract provided.

The Regional Economic Impact Of The Closure Of Fort Mcclellan, Alabama, Stacey E. Byington

Honors Theses

The complete effects of closing Fort McClellan cannot be easily measured. The sociological and political ramifications - though an important part of the economic costs - will not be discussed in this project as they are not readily quantifiable. This project analyzes the regional economic impact of Fort McClellan, Alabama; and hence, the impact of its closing. Although its purpose is providing national defense, a military base also contributes employment, service, training, and culture to its surrounding communities. As of 1989, Fort McClellan employed nearly eight thousand military personnel and two thousand civilians. The Fort's economic impact includes expenditures of …

Egypt's Manufactured Exports, Khaled Khalil Hefnawy

Archived Theses and Dissertations

No abstract provided.

Can Duration -- Interest Rate Risk -- And Convexity Explain The Fractional Price Change And Market Risk Of Equities?, David L. Cheney

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

In the last two decades, duration analysis has been largely applied to fixed-income securities. However, since rising and falling interest rates have been determined to be a major cause of stock price movements, equity duration has received a great deal of attention.

The duration of an equity is a measure of its interest rate risk. Duration is the sensitivity of the price of an equity with respect to the interest rate. Convexity is the sensitivity of duration with respect to the interest rate.

The analysis revealed that the fractional price change and market risk of equities can be explained by …

Fully Modified Least Squares And Vector Autoregression, Peter C.B. Phillips

Cowles Foundation Discussion Papers

Fully modified least squares (FM-OLS) regression was originally designed in work by Phillips and Hansen (1990) to provide optimal estimates of cointegrating regressions. The method modifies least squares to account for serial correlation effects and for the endogeneity in the regressors that results from the existence of a cointegrating relationship. This paper provides a general framework which makes it possible to study the asymptotic behavior of FM-OLS in models with full rank I(1) regressors, models with I(1) and I(0) regressors, models with unit roots, and models with only stationary regressors. This framework enables us to consider the use of FM …

New Mexico Labor Market Review 04-30-1993, 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 March 1993.

The Economic Problem At The End Of The Second Millenium: Creating Capitalism, Reforming Capitalism, Making Capitalism Work, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

Three earlier versions of this paper (with minor differences) are also included. Plus, some handwritten notes by Minsky.

Financial Structure And The Financing Of The Capital Development Of The Economy, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

The Jerome Levy Institute Presents Proposals for Reform of the Financial System. Corpus Christie, Texas.

The Essential Characteristics Of Post-Keynesian Economics, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

Printout of article found on floppy disk in Archives.

Essential, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

Fragment, pp. 36-39

Individual Stock Selection: A Place In The Investment Portfolio; Participation In 1993 Acreage Reduction Program Looks Profitable, John A. Sondey, Donald Peterson

Economics Commentator (1972- 2016)

No abstract provided.

Publication List Economics Department: 1992 - 1993, Department Of Economics

Economics Pamphlet Series (1985-2016)

The publications listed herein were prepared during January 1992 - March 1993 by the faculty and graduate students in the Economics Department at South Dakota state University. The publications are arranged by series (Staff Paper, Research Paper, Economics Commentator, Experiment Station Bulletin, etc.).

Measuring The Impact Of Global Warming In Agriculture, Robert Mendelsohn, William D. Nordhaus, Daigee Shaw

Cowles Foundation Discussion Papers

This paper develops a “Ricardian” approach for measuring the economic impact of environmental factors such as climate by examining the direct impact of the environmental factor on land prices. Estimating the model using cross-sectional data on climate, farm-land prices, and other economic and geophysical data for almost 3,000 countries in the United States, we find that higher temperatures in all seasons except autumn reduce average farm values in the United States and more precipitation in all seasons except autumn increases farm values. Applying the model to a global-warming scenario finds a range of impacts depending upon whether the model emphasize …

The Intertemporal-Substitution Hypothesis Is Alive And Well (But Hiding In The Data), Jean Kimmel, Thomas J. Kniesner

Upjohn Institute Working Papers

According to the intertemporal-substitution hypothesis, which underlies the typical empirical real business cycle model, cyclical fluctuations in employment and hours of work are optimizing labor-supply responses to short-run aggregate demand shifts. We demonstrate that previous empirical labor-supply research has used inappropriate data to test the intertemporal-substitution hypothesis. We estimate a fixed-effects life-cycle labor-supply model with more informative data, the triennial micro data of the Survey of Income and Program Participation. We find economy-wide wage elasticities of employment and hours worked per employee of +1.55 and +0.51, which support the intertemporal-substitution hypothesis and give econometric credibility to the labor-market specification of …

The Michigan Disability Prevention Study: Research Highlights, H. Allan Hunt, Rochelle Virginia Habeck

Upjohn Institute Working Papers

This 3-year collaborative research project was designed to provide empirical evidence to substantiate the impact of various employer policies and practices on the prevention and management of workplace disability. It studied a random sample of 220 Michigan establishments with more than 100 employees from seven different industries who responded to a mail survey in the first half of 1991. The study correlates differences in employer-reported levels of achievement on policy and practice dimensions with performance on disability outcome measures, while controlling for a set of establishment characteristics in a multivariate regression analysis.

Review Of "Radical Traditions: The Survival And Revival Of Entrepreneurs In The Gdr" By A. Pickel, Frederic L. Pryor

Economics Faculty Works

No abstract provided.

Economic Payoffs To Participation In Adult Education, Kevin Hollenbeck

Conference Papers

No abstract provided.

Ricardo's Theory Of Profit And The Third Edition Of The Principles, John B. Davis

Economics Faculty Research and Publications

David Ricardo's “On Machinery” chapter continues to interest theorists and historians of economic thought (Blaug 1958, Hollander 1979, Kurz 1984, Samuelson, 1988, 1989, Morishima 1989, Negishi 1990). Yet the addition of the chapter to the third edition of Ricardo's Principles of Political Economy and Taxation arguably overturns much of the view for which Ricardo is so well known (Davis 1989). In the added chapter Ricardo allows, contrary to his original view in the first two editions, that the introduction of machinery is indeed injurious to the class of laborers. More interestingly, because machinery substitutes for labor, wages cannot rise and …

A New Technology Policy For The United States, Murray L. Weidenbaum

Murray Weidenbaum Publications

The Clinton Administration is proposing a new technology policy, but unfortunately wants to follow the policy used when national security was the motivating force. A new policy would be more effective if it reduced governmental obstacles to the commercialization of new technology.

Restraining Medicine Prices: Controls Vs. Competition, Murray L. Weidenbaum

Murray Weidenbaum Publications

With the cost of prescription medicines constantly rising, the government has been considering price controls. This report explains the R&D process from laboratory studies to FDA review to approval by the FDA. As an alternative to price controls, competition could be a way for helping to keep prices down.

Tobacco And Its Role In The Life Of The Confederacy, D. T. Smith

History Theses & Dissertations

This study examines the role that tobacco played in influencing Confederate policy during the American Civil War. Surprisingly, very little research has been done on this subject; historians have virtually ignored the influence of tobacco upon Southern economic interests between 1850 and 1870.

The southern tobacco-producing states grew 439,183,561 pounds of raw tobacco in 1860. Southern manufactured tobacco was worth $21,820,535 in 1860, and along with other agricultural products, especially cotton, played an important economic, political, and diplomatic role in the life of the Confederacy. The tobacco industry represented a very strong interest group in the Upper South during the …