Social and Behavioral Sciences Commons^™

Job Security V. Labor Market Flexibility: Is There A Tradeoff?, Susan N. Houseman

Employment Research Newsletter

No abstract provided.

Prediction, Filtering, And Smoothing In Nonlinear And Nonnormal Cases Using Monte-Carlo Integration, Hisashi Tanizaki, Roberto S. Mariano

Research Collection School Of Economics

A simulation-based non-linear filter is developed for prediction and smoothing in non-linear and/or nonnormal structural time-series models. Recursive algorithms of weighting functions are derived by applying Monte Carlo integration. Through Monte Carlo experiments, it is shown that (1) for a small number of random draws (or nodes) our simulation-based density estimator using Monte Carlo integration (SDE) performs better than Kitagawa's numerical integration procedure (KNI), and (2) SDE and KNI give less biased parameter estimates than the extended Kalman filter (EKF). Finally, an estimation of per capita final consumption data is taken as an application to the non-linear filtering problem.

Is Monetary Policy Becoming Less Effective?, Ray C. Fair

Cowles Foundation Discussion Papers

This paper estimates the amount by which the effectiveness of monetary policy in changing real output has declined due to the increased size of the federal government debt.

The Economic Impact Of The Air Force_04-01-1994, University Of New Mexico Bureau Of Business And Economic Research

BBER Publications

The Economic Impact of the Air Force Phillips Laboratory on the New Mexico Economy: FY1993 (April 1, 1994) evaluates the statewide economic importance of the Air Force Phillips Laboratory, headquartered at Kirtland Air Force Base in Albuquerque. Prepared by the University of New Mexico Bureau of Business and Economic Research (BBER), the study measures the direct, indirect, and induced effects of laboratory spending, employment, research contracts, procurement activities, and related expenditures within New Mexico during Fiscal Year 1993.

The Economic Impact Of The Air Force_04-01-1994, University Of New Mexico Bureau Of Business And Economic Research

BBER Publications

This report measures the statewide economic impact of the Air Force Phillips Laboratory's research and development activities during fiscal year 1993.

Labor Adjustment Under Different Institutional Structures: A Case Study Of Germany And The United States, Susan N. Houseman, Katharine G. Abraham

Upjohn Institute Working Papers

Like most Western European countries, Germany stringently regulates dismissals and layoffs. Critics contend that this regulation raises the costs of employment adjustment and hence impedes employers' ability to respond to fluctuations in demand. Other German labor policies, however, most especially the availability of unemployment insurance benefits for those on short time, facilitate the adjustment of average hours per worker in lieu of layoffs. Building on earlier work, we compare the adjustment of employment, hours and inventories to demand shocks in the German and U.S. manufacturing sectors. We find that, in the short run, whereas U.S. employers rely principally on the …

New Mexico Labor Market Review 03-31-1994, 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 February 1994.

Economic Impact Of Air Force Laboratory_03-29-1994, University Of New Mexico Bureau Of Business And Economic Research

BBER Publications

Analysis of the economic impact of the Air Force Phillips Laboratory reveals the Laboratory's substantial contribution to the economy of New Mexico.

The Economic Impact Of The Air Force_03-29-1994, University Of New Mexico Bureau Of Business And Economic Research

BBER Publications

The report evaluates the economic contribution of the U.S. Air Force Phillips Laboratory to New Mexico. Prepared by the University of New Mexico Bureau of Business and Economic Research (BBER), the report analyzes laboratory expenditures, employment, payroll, research contracts, procurement spending, visitor expenditures, and multiplier effects to determine the Laboratory’s overall impact on the state's economy.

The Role Of Black Political Leadership In Economic Development, Curtis Stokes

Trotter Review

One of the most striking things about the United States is the degree to which racial inequality remains a pervasive fact of life. Indeed, since the end of the 1960s the black-white gap in life chances (for example, jobs and income) has worsened for large segments of the black community. To persistently face high unemployment and declining income is especially troublesome in a capitalist economy like that in the United States, where goods and services are rationed by a harsh market and where there is, at best, a very modest social safety net. The United Nation's Human Development Report 1993, …

Theoretical Explanations Of Persistent Black Youth Unemployment, Rhonda M. Williams

Trotter Review

This essay reviews and briefly summarizes three theoretical models used most often to explain two decades of persistently high unemployment among black youth and declining rates of male labor-force participation: neoclassical, Keynesian/neo-Keynesian, and radical perspectives. Based on a review of these models, it offers an alternative approach to explaining and analyzing black youth unemployment.

Race, Economic Development, And The Role Of Transportation And Training, Joan Wallace-Benjamin

Trotter Review

As Massachusetts confronts its economic future and develops strategic plans for seizing competitive advantages, accessibility promised by proposed development plans for the transportation infrastructure must not only provide commuters with the means to get to work, but also increase the opportunity for participation in the economy for all citizens of the region. Changes in the transportation infrastructure will not ensure accessibility unless workers receive adequate training for the new types of jobs being offered. According to a recent report issued by the Joint Center for Political and Economic Studies, authored by William P. O'Hare, "Black people who live in urbanized …

Providing Quality Leadership In Roxbury: A Profile Of Leon T. Nelson, Harold Horton

Trotter Review

Poor leadership is often the cause for the inept functioning and eventual collapse of an organization or agency. This is because the leader sets the tone and to a great extent determines whether or not an organization will be viable. Leon T. Nelson, president of the Greater Roxbury Chamber of Commerce, has done his utmost to live up to the organization's motto, "Quod facis bene fac," which means doing whatever you do as well as you possibly can.

In a community that underwent drastic demographic changes during the 1970s and 1980s, when numerous businesses led the "white flight" to suburbia, …

Myths And Realities Of Puerto Rican Poverty, Edwin Melendez

Trotter Review

The following remarks were made as the closing keynote address at the conference, "Mainland Puerto Ricans: Myths and Realities on Poverty," held at Yale University in New Haven, Connecticut, on October 22 and 23, 1993.

There are two "stories" frequently cited to explain the causes of the poverty among Puerto Ricans: the first suggests that Puerto Ricans are poor because they are going through a transition as they move toward full assimilation; the second proposes that Puerto Ricans are becoming part of an urban "underclass." Neither of these explanations stands the test of reality.

The 1993 Economic Impact Of The Upjohn Company On Kalamazoo County, George A. Erickcek, Christine R. Fahndrich

Reports

No abstract provided.

Can The World Industrialization Project Be Sustained?, Isidor Wallimann

Program for the Advancement of Research on Conflict and Collaboration

No abstract provided.

Cartels In An "Nth-Best" World: The Wholesale Foodstuff Trade In Ibadan, Nigeria, Harlan M. Smith Ii, Margaret E. Luttrell

Economics Faculty Research

The purpose of this paper is to develop an understanding of the economic functions and associated welfare implications of the cooperative associations that dominate the wholesale trade in two staple foods. Questionnaire responses lead to several conclusions. Individual traders face incomplete markets, imperfect information, and little government-provided institutional and physical infrastructure. The associations are sophisticated "Coase-like" responses to this market environment: they focus on reducing their members' transaction costs, and hence the marginal private costs of trading. Thus it is likely that these associations enhance efficiency. We conclude with a critique of current government policy with respect to this trade.

Central Bank Of Nigeria Monetary, Credit, Foreign Trade And Exchange Policy Guidelines For 1994 Fiscal Year: Monetary Policy Circular No. 28., Central Bank Of Nigeria Central Bank Of Nigeria

Bullion

This paper contains the outlines of the monetary, credit, foreign trade and exchange policy guidelines for banks and other financial institutions in Nigeria during fiscal 1994. The circular is structured into three sections and Appendix. Section one reviews developments in the economy and the policy environment in 1993 and thus provides the background to the policy measures for 1994. Section two details the monetary and credit policy measures and guidelines for banks and other financial institutions. The foreign trade and exchange policy measures for 1994 are highlighted in section three and list of prohibited import and export items is provided …

Applied Nonparametric Methods, Wolfgang Härdle, Oliver B. Linton

Cowles Foundation Discussion Papers

We review different approaches to nonparametric density and regression estimation. Kernel estimators are motivated from local averaging and solving ill-posed problems. Kernel estimators are compared to k -NN estimators, orthogonal series and splines. Pointwise and uniform confidence bands are described, and the choice of smoothing parameter is discussed. Finally, the method is applied to nonparametric prediction of time series and to semiparametric estimation.

Diversity Committee Gf, Anwar Shaikh Phd

Archives of Anwar Shaikh

• Letter to Deans Brewer, Gaskins, and Friedlander regarding the Graduate Faculty Minority Student Issues Committee (3/7/1994)

• Memo from the Graduate Faculty Minority Student Issues Committee titled "Proposed Changes to Policy on Discriminatory Harassment" (3/7/1994)

• Letter from Michelle Travis to Professor Shaikh expressing concern over the absence of a class and gender program (2/17/1994)

• Program brochure outlining class and gender offerings at the New School

• Faculty list for the Economics Department

• Memo from David Plotke to Judith Friedlander regarding the prospective appointment of Michael Hanchard (12/15/1997)

• Memo from Judith Friedlander titled "Position on Race" (3/25/1997)

• Document titled "Diversity at the GF" …

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"Our Mission' - General Sani Abacha, Gcon, Fss, Dss, Mni, Commander -In-Chief Of The Armed Forces Of The Federal Republic Of Nigeria: Being The 1994 Budget Address., Sani Abacha

Bullion

The 1994 Budget Address manuscript titled "Our Mission" read by the General Sani Abacha, GCFR. The foregoing constitute the historical context of current efforts to charting relevant and appropriate direction for Nigeria's socioeconomic, The policy direction for 1994 must, therefore, aim at the refashioning of present ways of doing Government business.

Governor's Speech At The Official Naming Ceremony Of "Samuel Asabia House"., Paul Ogwuma

Bullion

The paper contains the speech of the Governor of Central Bank of Nigeria at the official naming ceremony of the First Bank of Nigeria Head Office in honour of the late Chief Dr. Samuel Asabia, the first indigenous Managing Director and Chief Executive of FBN PLC.

The Devaluation Of The Cfa Franc: Implication For The West African Intra-Regional Trade And The Nigerian Economy., E. U. Olisadebe

Bullion

This article discusses the CFAF devaluation which was long-resisted and how it became inevitable after France indicated her intention in September, l993 not to assist the depressed economies of the CFA states if they backed out of IMF supported structural adjustment Programme. The IMF had insisted on devaluation as a condition for supporting any adjustment programme in CFA countries arguing that the devaluation would encourage investment and make exports more competitive thereby improving the balance of Payments of the CFA countries.

Structure Of The Nigerian Economy: Being The Text Of A Paper Presented On 18th April, 1994 At A Seminar On The Management Of Nigerian Economy Held At The Cbn Training Centre, Lagos., F. U. Ezeuduji

Bullion

This paper examines various dimensions of Nigeria's structure, as well as its components and interrelatedness with a view to identifying the potentials for, and constraints to development. The paper is divided into four sections, ln section one, the resource base of the Nigerian economy is reviewed. This is followed in Section two by on appraisal of the pattern of Nigerian economic activities, given the structure of the resources. The third section examines the major structural weaknesses of the Nigerian economy while the fourth and final section summarises and concludes the paper.

Richard Jackson's Review Of John Fallon's The Papua New Guinea Economy: Prospects For Recovery, Reform, And Sustained Growth, Richard Jackson

Pacific Studies

No abstract provided.

The Disintegration Of The Ruble Zone: Driving Forces And Proposals For Policy Change, Lucjan T. Orlowski

WCBT Faculty Publications

This paper examines the irreversible process of the ruble zone disintegration. The theoretical fundamentals of a common currency area, with modifications incorporating a mechanism of transition from central planning, are discussed. The key reason for the ruble zone break-up is the discontinuation of indirect transfers that were provided mainly by Russia via underpricing energy exports to other republics. Being cut-off from such transfers and unable to finance the rising trade deficits with Russia, the independent states wish to disconnect their economies from the ruble zone. Among other economic arguments for leaving the ruble zone presented by the former Soviet republics …

Interest Rate Variability And Manufacturing Industry Cash Flow: An Empirical Analysis, Suzette M. Lebrasseur-Serwin, Abdur Chowdhury

Economics Faculty Research and Publications

To examine the impact of floating rate loans and interest rate volatility on aggregate cash flow, quarterly data covering the period 1974 to 1990 for 14 two-digit Standard Industrial Classification manufacturing industries were analyzed. The results indicate that changes in the short-term interest rate and-or interest rate volatility have a significantly negative impact on the cash flow of a total of 11 of the 14 firms considered. Although the inverse relationship between corporate cash flow and interest rate is worth mentioning, the heterogeneity of this relationship across industries, however, is more interesting. The magnitude of the decline in cash flow …

Kalamazoo County Education For Employment Outcomes Taskforce Presents Workplace Know-How Skills For Kalamazoo And St. Joseph Counties, Kevin Hollenbeck

Reports

No abstract provided.

Environmental Policy: The Role Of Property Rights And Markets, Tracy Miller

Pro Rege

This feature article is based on a paper given for the 1993 Fall Faculty Lecture Series at Dordt College.

What Should The Federal Government Be Doing About Urban Economic Development?, Timothy J. Bartik

Upjohn Institute Working Papers

The federal government should focus its policies towards economic development on areas in which the federal government has some unique advantages. Federal policy should: (1) discourage financial subsidies to specific large firms by state and local governments; (2) expand the federal role in economic development services in which national action has some special advantages, such as developing information on foreign markets, encouraging large national banks to be more involved in economic development, supporting the development of the "Information Superhighway," and encouraging new technology development; (3) provide modest support for state and local efforts to increase business productivity through technology extension …