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Economics

1987

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Articles 1 - 30 of 309

Full-Text Articles in Social and Behavioral Sciences

South Dakota Farmland Price Trends And Outlook, Larry Janssen Dec 1987

South Dakota Farmland Price Trends And Outlook, Larry Janssen

Economics Commentator

No abstract provided.

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October 19 And 20, 1987: The Crash And The Freeze, Hyman P. Minsky Ph.D. Dec 1987

October 19 And 20, 1987: The Crash And The Freeze, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

No abstract provided.

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Developments In The Financial System During The Fourth Quarter Of 1987, Central Bank Of Nigeria Cbn Dec 1987

Developments In The Financial System During The Fourth Quarter Of 1987, Central Bank Of Nigeria Cbn

Economic and Financial Review

Growth in monetary aggregates accelerated during the fourth quarter, as the narrow measure of money stock (Ml) rose substantially by 20.2 per cent, compared with 5.0 per cent in the preceding quarter. The major factors responsible for this increase were increased government reliance on bank credit to bridge budgetary gaps and the traditional seasonal rise in demand for credit by the private sector. The broad money (M2) also rose as a result of the rise in Ml and the expansion in commercial banks' time and saving deposit liabilities, following the enhanced yield on these deposits.

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Developments In The Agricultural Sector During The Fourth Quarter Of 1987, Central Bank Of Nigeria Cbn Dec 1987

Developments In The Agricultural Sector During The Fourth Quarter Of 1987, Central Bank Of Nigeria Cbn

Economic and Financial Review

With the emergence of the dry season and harmattan in most parts of the country, very little farming activity took place during the fourth quarter of 1987. Rather, some northern states, namely, Bauchi, Niger and Sokoto reported serious drought with grasshopper infestations which damaged thousands of hectares of farm crops. However, a total of 124,788 metric tonnes of fertilizers were distributed to farmers across the country in preparation for the next farming season. This figure represents a decrease of 41.6 per cent over the level in the preceding quarter.

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Report On Retail Price Indices Of Selected Consumer Items In Lagos Area For The Fourth Quarter Of 1987, Central Bank Of Nigeria Cbn Dec 1987

Report On Retail Price Indices Of Selected Consumer Items In Lagos Area For The Fourth Quarter Of 1987, Central Bank Of Nigeria Cbn

Economic and Financial Review

There was a general rise in the prices of selected consumer items in the Lagos Area during the fourth quarter of 1987. This is evidenced by the 2.3 per cent rise in the all-item price index vis-a-vis its level in the third quarter of 1987

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Developments In Nigeria's External Sector During The Fourth Quarter Of 1987, Central Bank Of Nigeria Cbn Dec 1987

Developments In Nigeria's External Sector During The Fourth Quarter Of 1987, Central Bank Of Nigeria Cbn

Economic and Financial Review

Transactions in foreign exchange through the Central Bank resulted in a net inflow of N495.7 million during the 4th quarter of 1987, as against a net inflow of Nl,184.5 million in the preceding quarter. This development increased the official reserves from N4, 159.0 million at the end of the 3rd quarter to N4,654. 7 million at the end of 1987. However the foreign exchange position was far from comfortable as the level of reserves could cover barely two months' imports.

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The Structural Adjustment Programme: The Journey So Far, A Ahmed Dec 1987

The Structural Adjustment Programme: The Journey So Far, A Ahmed

Economic and Financial Review

The SAP was introduced to achieve the following objectives: (i) To restructure and diversify the productive base of the economy in order to reduce dependence on the oil sector and imports; (ii) to achieve fiscal and balance of payments viability over the period; (iii) to lay the basis for sustainable non-innationary or minimal inOationary growth; (iv) to lessen the dominance of unproductive investment in the public sector, improve the sector's efficiency and intensify the growth potential of the private sector.

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A Review Of The Structural Adjustment Programme, The Foreign Exchange Market And Trade Policies In Nigeria, S. E. Omoruyi Dec 1987

A Review Of The Structural Adjustment Programme, The Foreign Exchange Market And Trade Policies In Nigeria, S. E. Omoruyi

Economic and Financial Review

The purpose of the paper was to throw more light on the Structural Adjustment Programme currently under implementation in Nigeria through a detailed review and appraisal of its policy framework . This was considered to be desirable in view of recent public criticisms many of which appeared not to be well informed. In a more balanced approach, the paper reviewed the benefits and costs of the Programme. Among the benefits highlighted were the removal of the overvaluation of the naira exchange rate, the boost to agricultural exports, greater industrial capacity utilization and the improved international confidence in the Nigerian economy. …

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A General Survey Of The Experiences Of Some Less-Developed Countries (Ldcs) Under The Structural Adjustment Programme (Sap), O. J. Nnanna Dec 1987

A General Survey Of The Experiences Of Some Less-Developed Countries (Ldcs) Under The Structural Adjustment Programme (Sap), O. J. Nnanna

Economic and Financial Review

This paper is a review of the impact of Structural Adjustment Programme (SAP) on the economies of ten less developed countries (LDCs). It analysed the performance of some selected macroeconomic variables both before and after SAP was adopted in the selected countries. Based on available data, the several and collective lesson of experience confirmed that the impact of SAP varied not only amongst countries, but also within the various sectors in the same economic entity. Overall, it may be concluded that the broad theoretical objective of SAP was achieved mainly on the external sectors of the countries surveyed, while it …

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Common Currency For The West African Sub-Region: Prospects For Nigeria, N. E. Ogbe Dec 1987

Common Currency For The West African Sub-Region: Prospects For Nigeria, N. E. Ogbe

Economic and Financial Review

An important element of the economic integration process in West Africa is the achievement of monetary co-operation which can take various forms such as the clearing house mechanism, European Monetary System Model, Parallel Union Currency Model and Common Currency Area. The paper traced the efforts by ECOW AS at evolving monetary co-operation and also analysed the prospects for Nigeria of a common currency in the West African sub-region. The paper identified and discussed the costs and benefits of a common currency to member nations, especially Nigeria. The costs include loss of autonomy by individual governments in major areas of monetary …

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Management Of The Nigerian Economy, E. A. Akatu, E. U. Olisadebe Dec 1987

Management Of The Nigerian Economy, E. A. Akatu, E. U. Olisadebe

Economic and Financial Review

The paper reviews the current economic policy framework against the background of the economic policy regime up to 1985 and observes that the past experience justifies the current experiment with private markets as the principal mechanism for allocating resources. The paper argues that the visible hand of the government does have a supportive role, a lbeit a different one from the past. The new approach is considered as having great potential although ultimate success is as yet beset by various uncertainties as may be expected from any experiment.

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Statistics, December 1987, Central Bank Of Nigeria Cbn Dec 1987

Statistics, December 1987, Central Bank Of Nigeria Cbn

Economic and Financial Review

This is a statistical representation of the economic activities in Nigeria in December, 1987

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What Is The Effect Of Random Variation In State Unemployment Rates?, Edward W. Hill Dec 1987

What Is The Effect Of Random Variation In State Unemployment Rates?, Edward W. Hill

All Maxine Goodman Levin School of Urban Affairs Publications

Examines national Current Population Survey data to indicate the impact of sample size on the standard error of subpopulations in the sample and to show how these errors can influence policy conclusions. Examines the unemployment rate cross-sectionally for 11 states to demonstrate that the monthly unemployment rate should not be used to make fine distinctions between the states.

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The Benefits Of Deregulation, Murray L. Weidenbaum Dec 1987

The Benefits Of Deregulation, Murray L. Weidenbaum

Murray Weidenbaum Publications

Murray Weidenbaum cites examples of how deregulation has helped the economy.

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Stock Market Report For The Fourth Quarter Of 1987, Central Bank Of Nigeria Cbn Dec 1987

Stock Market Report For The Fourth Quarter Of 1987, Central Bank Of Nigeria Cbn

Economic and Financial Review

A total of 5.9 million shares were traded in 4,752 deals in the period under review. This represents a decline of 0.6 million shares, or 9.2 per cent over the preceding quarter. The bearishness of the stock market during the review quarter emanated from the liquidity squeeze in the economy coupled with the deregulation of interest rates. Actively traded were the securities of Nigerian Breweries Ltd.: (1,204,379 shares), G. Cappa Ltd.: (793, 100 shares), Lever Brothers Nigeria Ltd.: (399,586 shares), Guinness Nigeria Ltd.: (345,465 shares) and Beecham Ltd.: (323,418 shares).

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Var Models As Structural Approximations, Ray C. Fair Dec 1987

Var Models As Structural Approximations, Ray C. Fair

Cowles Foundation Discussion Papers

This paper presents a way of estimating how accurate VAR models are likely to be for answering structural questions. Data are generated from a dynamic deterministic solution of a structural model; a VAR model is estimated using a subset of these data; and the properties of the VAR model are compared to the properties of the structural model. This procedure has the advantage of eliminating the effects of error terms, since the data are generated for a deterministic simulation. The results show that the VAR models do not seem to be good structural approximations.

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Renegotiation-Proof Equilibria: Collective Rationality And Intertemporal Cooperation, David G. Pearce Dec 1987

Renegotiation-Proof Equilibria: Collective Rationality And Intertemporal Cooperation, David G. Pearce

Cowles Foundation Discussion Papers

Cooperation in repeated games relies on the possibility that equilibrium play following some t -period history depends on more than simply the structure of the game remaining after the first t periods, that structure being always the same. In a nondegenerate theory of renegotiation, what a player expects, and the statements he finds credible at the end of period t must be affected by the history that has transpired, and perhaps by the implicit agreement that was in force. The solution concept proposed in this paper acknowledges both these influences, while imposing a certain stationarity on beliefs regarding what renegotiation …

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I Debiti Del Povero Zio Sam, Hyman P. Minsky Ph.D. Dec 1987

I Debiti Del Povero Zio Sam, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

Dossier, Dimenticare Wall Street - I Debiti Del Povero Zio Sam, pp. 3-4, Politica ed Economia, Rivista Mensile Della Fondazione Cespe, Anno XVIII, Terza Serie, Numero 12, Dicembre 1987.

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Review Of "Casino Capitalism", Hyman P. Minsky Ph.D. Dec 1987

Review Of "Casino Capitalism", Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

A Review of: Susan Strange. Casino Capitalism. Oxford and New York, NY: Blackwell, 1986, pp. 1883-1885, Book Reviews, Journal of Economic Literature, Vol. XXV, Dec. 1987.

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Takeovers And Stockholders: Winners And Losers, Murray L. Weidenbaum, Stephen Vogt Dec 1987

Takeovers And Stockholders: Winners And Losers, Murray L. Weidenbaum, Stephen Vogt

Murray Weidenbaum Publications

Corporate acquisitions normally cause negative returns for the shareholders of the acquiring firm. Targeted firm shareholders usually are the winners. The acquiring firms need to consider what is in the best interests for their shareholders when considering acquiring another firm.

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The Gulf Cooperation Council And Regional Economic Integration, Pak Young-Chul Dec 1987

The Gulf Cooperation Council And Regional Economic Integration, Pak Young-Chul

Archived Theses and Dissertations

No abstract provided.

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Floors And Ceilings, Endogenous Cycles, (Endogenous Breakdowns,) And Wall Street 1987, Hyman P. Minsky Ph.D. Nov 1987

Floors And Ceilings, Endogenous Cycles, (Endogenous Breakdowns,) And Wall Street 1987, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

Lecture given at Columbia University. This was the third of a series of four in that lecture series.

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Theory Of Investment, Hyman P. Minsky Ph.D. Nov 1987

Theory Of Investment, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

Lecture given at Columbia University. This was the second of a series of four in that lecture series.

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Successful And Failed Capitalism, Hyman P. Minsky Ph.D. Nov 1987

Successful And Failed Capitalism, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

Lecture given at Columbia University. This was the first of a series of four in that lecture series.

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Metropolitan Report - November 19, 1987, Division Of Business And Economic Research, College Of Business Administration, University Of New Orleans Nov 1987

Metropolitan Report - November 19, 1987, Division Of Business And Economic Research, College Of Business Administration, University Of New Orleans

UNO Metropolitan Report

No abstract provided.

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Shape Of Things To Come, Chester Smolski Nov 1987

Shape Of Things To Come, Chester Smolski

Smolski Texts

"The age-old saying is that the future belongs to the young. However, in terms of new potential markets, the business sector ought to consider changing demographics, in nation and state, because the future for the merchants of goods and services may very well be with the old."

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Recession - But Not Depression - In Offing, Part 2, Hyman P. Minsky Ph.D. Nov 1987

Recession - But Not Depression - In Offing, Part 2, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

One of the ongoing columns “The Economy from the Not-so Ivory Tower.”

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A Note On An Optimal Garnishing Rule, Martin Shubik, Pradeep Dubey Nov 1987

A Note On An Optimal Garnishing Rule, Martin Shubik, Pradeep Dubey

Cowles Foundation Discussion Papers

A simple optimal garnishing rule to discourage strategic bankruptcy is derived.

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Investor Behavior In The October 1987 Stock Market Crash: Survey Evidence, Robert J. Shiller Nov 1987

Investor Behavior In The October 1987 Stock Market Crash: Survey Evidence, Robert J. Shiller

Cowles Foundation Discussion Papers

Questionnaires were sent out at the time of the October 19, 1987 stock market crash to both individual and institutional investors inquiring about their behavior during the crash. Nearly 1000 responses were received. The survey results show that: 1. No news story or rumor appearing on the 19th or over the preceding weekend was responsible for investor behavior, 2. Investors’ importance rating of news appearing over the preceding week showed only a slight relation to decisions to buy or sell, 3. There was a great deal of investor talk and anxiety around October 19, much more than suggested by the …

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Is Takeover Fever Jeopardizing Our Nation's Health?, Ellen B. Magenheim Nov 1987

Is Takeover Fever Jeopardizing Our Nation's Health?, Ellen B. Magenheim

Economics Faculty Works

No abstract provided.

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