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Vol. 15 No. 1 (1992): Pacific Studies Front Matter, The Jonathan Nāpela Center For Hawaiian And Pacific Islands Studies Mar 1992

Vol. 15 No. 1 (1992): 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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Contributors: Vol 15 No. 1, The Jonathan Nāpela Center For Hawaiian And Pacific Islands Studies Mar 1992

Contributors: Vol 15 No. 1, The Jonathan Nāpela Center For Hawaiian And Pacific Islands Studies

Pacific Studies

Contributors list of Vol. 15 (1992): Pacific Studies Full Issue 1

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Books Received And Book Notices, The Jonathan Nāpela Center For Hawaiian And Pacific Islands Studies Mar 1992

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

Pacific Studies

Book Listing for the Vol 15, No 1 Edition of the Pacific Studies Journal

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"Earth Summit": Un Spectacle With A Cast Of Thousands, Murray L. Weidenbaum Mar 1992

"Earth Summit": Un Spectacle With A Cast Of Thousands, Murray L. Weidenbaum

Murray Weidenbaum Publications

Murray Weidenbaum points out that the UN-sponsored Earth Summit bases many of its environmental assertions on unsound scientific research.

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Performance Evaluation Of Egyptian National Railways With A Reform Programme For The 90'S, Nabil M Sadek Mar 1992

Performance Evaluation Of Egyptian National Railways With A Reform Programme For The 90'S, Nabil M Sadek

Archived Theses and Dissertations

No abstract provided.

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Meat Consumption: A Few Comments, Gene Murra Feb 1992

Meat Consumption: A Few Comments, Gene Murra

Economics Commentator (1972- 2016)

No abstract provided.

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New Mexico Labor Market Review 02-28-1992, New Mexico Department Of Labor Feb 1992

New Mexico Labor Market Review 02-28-1992, 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 January 1992.

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The Empirical Issue Of Smuggling: A Discussion Of Methodology, Scott Fausti Feb 1992

The Empirical Issue Of Smuggling: A Discussion Of Methodology, Scott Fausti

Economics Staff Paper Series (1969 - 2017)

The theoretical results attained from the literature on Illegal Transactions in International Trade suggest: 1) a positive link between the duty levied and the level of smuggling effort; 2) a nonnegative domestic relative price effect; and 3) an ambiguous social welfare effect. The theoretical results predict the generation of some type of distortion. The literature labels these distortions "disparities" and divides them into three categories: price, value, and quantity. These distortions represent the empirically measurable effects of smuggling on the domestic economy. This paper makes the proposition that the "price disparity" distortion is the variable that empirical studies should examine …

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March 4, 1933/March 4, 1992, Hyman P. Minsky Ph.D. Feb 1992

March 4, 1933/March 4, 1992, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

No abstract provided.

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The ‘Dice’ Model: Background And Structure Of A Dynamic Integrated Climate-Economy Model Of The Economics Of Global Warming, William D. Nordhaus Feb 1992

The ‘Dice’ Model: Background And Structure Of A Dynamic Integrated Climate-Economy Model Of The Economics Of Global Warming, William D. Nordhaus

Cowles Foundation Discussion Papers

This study is designed to present the methodological and technical assumptions and the results behind the Dynamic Integrated model of Climate and the Economy (the DICE model). It is a model that attempts to use the tools of modern economics to determine an efficient strategy for coping with the threat of global warming. The fundamental premise behind this study is that societies should undertake environmental policies only when their benefits, broadly construed, exceed their costs and that the level of environmental control should be at that point where the incremental benefits of additional controls no longer exceed the incremental costs. …

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The Cowles Commission Approach, Real Business Cycle Theories, And New Keynesian Economics, Ray C. Fair Feb 1992

The Cowles Commission Approach, Real Business Cycle Theories, And New Keynesian Economics, Ray C. Fair

Cowles Foundation Discussion Papers

The Cowles Commission approach is reviewed and compared to the approaches of real business cycle (RBC) theorists and new Keynesian economists. It is argued that RBC models are not tested in a serious enough way and that the new Keynesian literature is not empirical enough for testing even to be a serious possibility. Macroeconomics seems to be moving away from its traditional empirical basis, which is sad. This paper argues for returning to the path that was abandoned by most macroeconomists around 1970, namely the specification and testing of structural macroeconometric models.

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Estimates Of The Bias Of Lagged Dependent Variable Coefficient Estimates In Macroeconomic Equations, Ray C. Fair Feb 1992

Estimates Of The Bias Of Lagged Dependent Variable Coefficient Estimates In Macroeconomic Equations, Ray C. Fair

Cowles Foundation Discussion Papers

A stochastic-simulation method is proposed in this paper for obtaining median unbiased estimates of lagged dependent variable coefficients in macroeconomic models. Estimated biases for 13 equations of a macroeconomic model are computed. These biases are on average somewhat smaller in absolute bias than would be expected from Andrews’ exact results for an equation with only a constant term, time trend, and lagged dependent variable, although they are larger than would be expected from Hurwicz’s original estimates. In a practical sense the estimated biases are not very large because they have little effect on the overall predictive accuracy of the model …

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Disability Or Work: Handicap Policy Choices, Richard V. Burkhauser Feb 1992

Disability Or Work: Handicap Policy Choices, Richard V. Burkhauser

Center for Policy Research

Cross-national comparisons of disability programs and disabled populations show that the social environment workers with handicaps face can be as important as their health in affecting their movement into disability. In this context, Richard Burkhauser reviews American disability policy over the business cycles of the past two decades. He finds that strong economic recovery has, in general, overcome the sharp drop in the well-being of people with handicaps brought on by the recession and the reduction in program benefits in the early 1980s. However, the doubly handicapped, those with both health limitations and poor work skills, have not recovered.

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Reality Or Illusion: The Importance Of Creaming On Job Placement Rates In Job Training Partnership Act Programs, Kathryn H. Anderson, Richard V. Burkhauser, Jennie E. Raymond Feb 1992

Reality Or Illusion: The Importance Of Creaming On Job Placement Rates In Job Training Partnership Act Programs, Kathryn H. Anderson, Richard V. Burkhauser, Jennie E. Raymond

Center for Policy Research

Critics of the Job Partnership Training Act of 1982 (JTPA) argue that most of its job placement success has been the result of the "creaming" of participants--that is, of serving individuals who are most employable at the expense of those most in need. Using a bivariate probit model of JTPA trainee selection and job placement success, this paper analyzes the selection of JTPA past recipients. It provides a first approximation of the importance of nonrandom selection on job placement rates. Creaming is found to take place within service delivery areas (SDAs), especially with respect to the avoidance of eligible high …

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The Impact Climate On Agriculture: A Ricardian Approach, Robert Mendelsohn, William D. Nordhaus, Daigee Shaw Feb 1992

The Impact Climate On Agriculture: A Ricardian Approach, Robert Mendelsohn, William D. Nordhaus, Daigee Shaw

Cowles Foundation Discussion Papers

Because of the potential for global warming, there are widespread concerns about the impact of changing climate upon the productivity of land in farming and other sectors. This paper develops a new approach for measuring the economic impact of environmental factors such as climate on production by examining the direct impact of the environmental factor on land productivity as measured by land prices. This new method is applied to examine the effect of climate on agriculture using cross-sectional farm data for almost 3000 counties in the United States. It finds substantial impacts of climatic variation on both land values and …

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W(H)Ither The Middle Class? A Dynamic View, Greg J. Duncan, Timothy M, Smeeding, Willard Rodgers Feb 1992

W(H)Ither The Middle Class? A Dynamic View, Greg J. Duncan, Timothy M, Smeeding, Willard Rodgers

Center for Policy Research

A constant theme throughout the history of the U.S. has been the growth of the middle class and the promise of its growth for the elimination of poverty. By the late 1980s, social analysts sensed a decline in the size of the American middle class which later was verified through cross-section analysis of wage and salary and income distribution data. Using time series from the Panel Study of Income Dynamics for prime-age males, this study moves beyond verification of the shrinking of the middle class. The analysis examines changes in both income and wealth and finds that wealth increases reinforced …

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How People With Disabilities Fare When Public Policies Change--Past, Present, And Future, Richard V. Burkhauser, Robert H. Haveman, Barbara L. Wolfe Feb 1992

How People With Disabilities Fare When Public Policies Change--Past, Present, And Future, Richard V. Burkhauser, Robert H. Haveman, Barbara L. Wolfe

Center for Policy Research

In this paper the authors analyze the effects of two decades of federal disability policy and macroeconomic fluctuation on the well-being of men with disabilities. Their findings indicate that both have dramatically affected the economic well-being of people with disabilities both absolutely and relative to people without disabilities. Using data from the Current Population Survey (19681988) they find that by 1987 the households of white or well-educated male heads with disabilities had fully recovered from the program cuts and recession of the early 1980s. However, to a large extent this recovery was due to additional earnings by spouses. Alternatively, the …

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Modeling Application For Disability Insurance As A Retirement Decision: A Hazard Model Approach Using Choice-Based Sampling, Richard V. Burkhauser, J.S. Butler, Yang Woo Kim, George A. Slotsve Feb 1992

Modeling Application For Disability Insurance As A Retirement Decision: A Hazard Model Approach Using Choice-Based Sampling, Richard V. Burkhauser, J.S. Butler, Yang Woo Kim, George A. Slotsve

Center for Policy Research

This paper models the decision to apply for Social Security Disability Insurance Benefitsas a special case of a more general dynamic retirement decision model. It uses a multi-state, continuous-time hazard to test the effect of policy variables on the speed at which workers applyfor benefits following the onset of a work limitation. Policy variables are found to matter. A higher expected replacement rate increases the risk of application. This effect is significant in asmall sample of the general population and in a sample which also includes a weighted choice-based sample of disability insurance applicants.

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A Cautionary Tale Of European Disability Policies: Lessons For The United States, Leo Arts, Richard V. Burkhauser, Philip De Jong Feb 1992

A Cautionary Tale Of European Disability Policies: Lessons For The United States, Leo Arts, Richard V. Burkhauser, Philip De Jong

Center for Policy Research

Variations in the size of the population receiving disability payments across countries cannot be explained by simple differences in health. Rather, the process to disability is shaped by both social and medical factors. When governments ignore this reality, a policy generated disability epidemic is possible. This paper compares disability policies in The Netherlands, Sweden, Germany, and the United States. It argues that the extraordinary increase in Dutch disability rolls in the 1970s was caused by a general government policy to reduce official unemployment. And that by the end of the 1980s, this policy had left Holland with a hidden unemployment …

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Earnings Losses Of Displaced Workers, Louis S. Jacobson, Robert J. Lalonde, Daniel G. Sullivan Feb 1992

Earnings Losses Of Displaced Workers, Louis S. Jacobson, Robert J. Lalonde, Daniel G. Sullivan

Upjohn Institute Working Papers

The 1990-1991 recession has intensified concerns about the consequences of workers' job losses. To estimate the magnitude and temporal pattern of displaced workers' earnings losses, we exploit an unusual administrative data set that includes both employees' quarterly earnings histories and information about their firms. We find that when high-tenure workers separate from distressed firms their long-term losses average 25 percent per year. Further, their losses mount even prior to separation, are not limited to workers in a few industrial sectors, and are substantial even for those who find new jobs in similar firms. This evidence suggests that displaced workers' earnings …

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Economic Summit Declarations, 1975-1989: Examining The Written Record Of International Cooperation, George M. Von Furstenberg, Joseph P. Daniels Feb 1992

Economic Summit Declarations, 1975-1989: Examining The Written Record Of International Cooperation, George M. Von Furstenberg, Joseph P. Daniels

Economics Faculty Research and Publications

This study audits commitments contained in economic declarations made following fifteen annual economic summit meetings of the United States, Japan, Germany, France, the United Kingdom, Italy, and Canada from 1975 to 1989. It concludes that country executives make commitments in good faith but that subsequent compliance is impeded domestically by lack of control over the instruments of implementation and internationally by the absence of specified supporting policies or acts of international coordination. In addition, the language used in the declarations necessarily reflects the exigencies of diplomacy and is therefore usually imprecise. Even though the credibility of summit undertakings is generally …

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"Earth Summit": Un Spectacle With A Cast Of Thousands, Murray L. Weidenbaum Feb 1992

"Earth Summit": Un Spectacle With A Cast Of Thousands, Murray L. Weidenbaum

Murray Weidenbaum Publications

Under the guise of cleaning up the environment, the UN sponsored the first-ever "Earth Summit" in June 1992 in Rio de Janeiro. The conference, officially titled the UN Conference on Environment and Development (UNCED), was estimated to have been the largest conference ever held in the world at the time. UNCED's wide-ranging agenda obscures any real focus for the meeting, which attempted to synthesize economic and environmental globally. Given this unprecedented scope, much of the material leading up to the conference was hysterical, emotionalized, and unscientific in nature.

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Small Wars, Big Defense: Living In A World Of Lower Tensions, Murray L. Weidenbaum Feb 1992

Small Wars, Big Defense: Living In A World Of Lower Tensions, Murray L. Weidenbaum

Murray Weidenbaum Publications

Murray Weidenbaum discusses ways to reduce military spending in the 1990s.

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New Mexico Labor Market Review 01-31-1992, New Mexico Department Of Labor Jan 1992

New Mexico Labor Market Review 01-31-1992, 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 December 1991.

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1991 Albuquerque Convention And Visitors Bureau Survey Findings, University Of New Mexico Bureau Of Business And Economic Research Jan 1992

1991 Albuquerque Convention And Visitors Bureau Survey Findings, University Of New Mexico Bureau Of Business And Economic Research

BBER Publications

This annual research report examines the findings of a 1991 tourism survey conducted among households that contacted the Albuquerque Convention and Visitors Bureau (ACVB) for travel materials between April 1990 and June 1991. The resulting conversion analysis reveals that 74.7% of surveyed patrons visited Albuquerque within the specified 15-month period, generating an estimated total local economic spending impact between $17.9 million and $37.3 million.

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1991 Albuquerque Convention And Visitors Bureau Survey Findings (2), University Of New Mexico Bureau Of Business And Economic Research Jan 1992

1991 Albuquerque Convention And Visitors Bureau Survey Findings (2), University Of New Mexico Bureau Of Business And Economic Research

BBER Publications

This annual research report examines the findings of a 1991 tourism survey conducted among households that contacted the Albuquerque Convention and Visitors Bureau (ACVB) for travel materials between April 1990 and June 1991. The resulting conversion analysis reveals that 74.7% of surveyed patrons visited Albuquerque within the specified 15-month period, generating an estimated total local economic spending impact between $17.9 million and $37.3 million.

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1991 Albuquerque Convention And Visitors Bureau Survey Findings, John Temple Jan 1992

1991 Albuquerque Convention And Visitors Bureau Survey Findings, John Temple

BBER Publications

This report details the findings of a visitor survey conducted in late 1991 to the Albuquerque area and the impacts of its patrons. On average, visitors in Albuquerque spent about $178 a day for about 3.8 days, resulting in a total impact of $17.9 million to $37.3 million.

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1991 Albuquerque Convention And Visitors_01-24-1992, John Temple Jan 1992

1991 Albuquerque Convention And Visitors_01-24-1992, John Temple

BBER Publications

The report examines visitor behavior, tourism spending, conversion rates, and visitor satisfaction among households that requested information about Albuquerque between April 1990 and June 1991. The study analyzed 435 completed survey responses drawn from more than 38,800 inquiries, making it the fifth consecutive annual ACVB visitor survey. The survey achieved a response rate exceeding 31 percent and a sampling error of less than 5 percentage points

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The Capital Development Of The Economy And The Structure Of Financial Institutions, Hyman P. Minsky Ph.D. Jan 1992

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

Hyman P. Minsky Archive

Prepared for the Session “Financial Fragility and the U.S. Economy." Annual Meetings, American Economic Assoc. (AEA), New Orleans, La.

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Benefit Incidence Analysis In Developing Countries, Thomas Mathiasen Selden, Michael J. Wasylenko Jan 1992

Benefit Incidence Analysis In Developing Countries, Thomas Mathiasen Selden, Michael J. Wasylenko

Economics - All Scholarship

As interesting and difficult as it is to allocate tax burdens to individuals, the profession knows even less about allocating benefits. The authors survey the literature on benefit incidence since DeWulf's (1975) review, focusing on the methodology and results of benefit incidence analysis in developing countries. Research in this area faces all the general-equilibrium difficulties faced by tax incidence analysis as well as the difficult task of measuring benefits from publicly provided goods and services. Despite the inherent pitfalls of this methodology, the authors believe that benefit incidence analysis can provide an important perspective on the budget by combining data …

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