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Central Bank Of Nigeria Statistical Bulletin, June 1993, Central Bank Of Nigeria

CBN Statistical Bulletin

This volume/year presents data on the Money and Banking sub-sector, including central banking, financial markets, non-bank financial institutions, clearing house activities, merchant and commercial banking, and public finance statistics. The data includes consolidation of commercial and merchant banks' first and second schedule statistical returns, computation of liquidity ratio, cash reserve ratio, loan/deposit ratio, proportion of loans to rural borrowers and small-scale enterprises, and reconstitution of the Central Bank's balance sheet. The data also indicates the level of banking habit in the industry.

It further explains the classification of insurance companies by their business type, including whole life, non-life, and mixed …

Selecting Functional Forms For The Cost Function With Average And Full Frontiers, Amal Refaat Hassanein

Archived Theses and Dissertations

No abstract provided.

Aggregate Income Risks And Hedging Mechanisms, Robert J. Shiller

Cowles Foundation Discussion Papers

Estimates are made, from time series data on real gross domestic products, of the standard deviations of returns in markets for perpetual claims on countries’ incomes. The results indicate that the variability of returns is of a magnitude comparable to that of returns in stock markets. Evidence is shown that there may be only minimal possibility of cross hedging these returns in existing capital markets. Methods of establishing markets for perpetual claims on aggregate incomes are examined. Such markets, by allowing hedging of these aggregate income risks, might make for dramatically more effective international macroeconomic risk sharing than is possible …

The Money Rate Of Interest And The Influence Of Assets In A Multistage Economy With Gold Or Paper Money: Part Ii, Martin Shubik, Shuntian Yao

Cowles Foundation Discussion Papers

We consider the relationship between the length of life of individuals and the assets they own and their influence on trustless trade. In particular in some structures a role for government or an outside bank may be called for to support an equilibrium. An example of an OLG model with production illustrates the need for expanding the fiat money supply if population growth is greater than zero.

South Dakota Agricultural Land Values And Rental Practices: 1993, Larry Janssen, Burton Pflueger

Economics Commentator (1972- 2016)

No abstract provided.

Developments In The Insurance Industry In Nigeria In 1991, Central Bank Of Nigeria Cbn

Economic and Financial Review

Nigeria's insurance Industry expanded marginally In 1991. While some companies In the Industry diversified their activities from wholly life lo joint life and non-life, the number of companies formerly In the life business remained unchanged. Amidst general price increases, the aggregate industry Income rose although expenditures increased foster.

Exchange Rate Action: Channels Of Contribution To Effectiveness Of Growth-Oriented Adjustment Policies In Low Income Primary Producing Countries, F. L. Osundade

Economic and Financial Review

This paper Identifies exchange rate as one of the principal policy tools through which low-Income primary producing countries could properly align their economic and financial activities with those In the rest of the world to achieve satisfactory growth In income and employment. It examines the channels U1rougl1 which devaluation (exchange rate action) can produce significant impacts on major economic aggregates and in the process, correct financial and structural Imbalances.

Japan As A Capital Exporter And The World Economy (Occasional Papers No. 18. Group Of Thirty, New York) By Masaru Yoshitomi, Ademola Bamidele

Economic and Financial Review

Sound financial system is considered central to the development of trade either in an economy or internationally. This fact informed the author of this Occasional paper in examining and bringing into focus how Japan became an international creditor i.e. net capital exporter in the world financial system aside from her leading role in world trade. This position was attained through a combination of many factors, some of which were sectoral savings-investment imbalances and the co-existence of high-employment government deficit and the high-employment current account surplus in the 1970s and 1980s. The author thus, traced the historical evolution of Japan• s …

Sustaining Agricultural Production In A Deregulated Economy, M. O. Ojo, E. D. Balogun, Grace O. Evbuomwan

Economic and Financial Review

This paper reviews the policy framework for Nigerian agriculture and gauges Its Impact prior to and since the commencement of economic deregulation. It investigates the prospects, analyses the constraints and outlines a feasible strategy for sustaining agricultural growth in a deregulated enabling environment 1he paper notes that in the pe1iod, 1970 to 1982, the deterioration in agricultural performance In Nigeria was the result not only of external shocks and environmental and/or edaphic factors, but of distorted policy pursuits which Created disincentives for farming. However, following attempts .to deregulate the economy with the adoption of the Structural Adjustment Programme in 1986 …

Some Strategies For Development Of Nigeria's Agricultural Sector In The 1990s, G. E. Ukpong

Economic and Financial Review

This paper reviews the major policy measures Introduced by the government to Induce growth of output of the agricultural sector and accelerate Its development. Some measures adopted before the Introduction of the Structural Adjustment Programme (SAP} Included producer prices selling through Marketing Boards, establishment of financial Institutions and Funds to extend credit to the sector at concessionary Interest rates, and the provision of extension services by ministries of agriculture. Agricultural policy measures under SAP consisted, among others, of abolition of Commodity Boards, free market determination of agricultural product prices, a ban on the export and Import of selected agricultural products …

Hawaiian Dryland Agricultural Intensification And The Pacific Economy, Thegn N. Ladefoged

Pacific Studies

No abstract provided.

Hawaiian Dryland Agricultural Intensification And The Pacific Economy, Thegn N. Ladefoged

Pacific Studies

No abstract provided.

Recycling In The Southeastern New Mexico_06-01-1993, Anna W. Lamberson, David P. Warren, Joe H. Schrader, James Barr, Scott Olson

BBER Publications

The report evaluates the technical, economic, and operational feasibility of expanding recycling and integrated solid waste management programs within the Southeastern New Mexico Economic Development District (SNMEDD), encompassing Chaves, Eddy, Lea, Lincoln, and Otero Counties. Prepared by the University of New Mexico Bureau of Business and Economic Research and the New Mexico Engineering Research Institute for the Southeastern New Mexico Economic Development District, the study analyzes regional demographics, economic conditions, waste generation patterns, existing landfill capacities, recycling markets, collection systems, processing technologies, and costs associated with alternative waste management strategies. The report develops a comprehensive planning model that incorporates collection, …

Some Factors Affecting Crude Oil Production In Egypt, Dalia Mohamed Abou Senna

Archived Theses and Dissertations

No abstract provided.

Private Sector Bureaucratic Behavior In Egypt: A Case Study Of The American University In Cairo, Nathaniel Gordon Knox

Archived Theses and Dissertations

No abstract provided.

The Money Rate Of Interest And The Influence Of Assets In A Multistage Economy With Gold Or Paper Money: Part I, Martin Shubik, Shuntian Yao

Cowles Foundation Discussion Papers

The role of long lived assets is considered in serving as hostages to extend the domain of trustless trade in an exchange economy. Assuming that individuals have life cycle preferences, we consider the most general set of utility functions consistent with these preferences and a stationary equilibrium for an OLG economy. The influence of the type of asset, durable or storable on the need for money is considered.

Ecosystem Valuation: Combining Economics, Philosophy, And Ecology, F. Gregory Hayden

Department of Economics: Faculty Publications

Discussions regarding ecological crises often begin by casually identifying anthropocentric traits as responsible for the crises and by briefly explaining the need for holistic or macroscopic modeling. Yet, when modeling begins, policy scientists, philosophers, and social scientists usually are not included, and the models often are not ecological, but are rather narrowly biological or physical. The main purpose of this paper is to emphasize the need for broader and richer modeling and the need to recognize that environmental protection and enhancement is anthropocentric policymaking. The question is not whether it will be anthropocentric, but which anthropocentric values, beliefs, and philosophies …

The Impact Of Foreign Capital Inflows On Savings In Egypt, Khaled Abdel Fattah

Archived Theses and Dissertations

No abstract provided.

New Mexico Labor Market Review 05-31-1993, 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 April 1993.

The Political And Economic Feasibility Of An American Industrial Policy, Brian S. Driscoll '93

Honors Projects

An industrial policy is "any government measure that prevents or promotes changes in the structure of an economy." This paper provides an overview of the issue, by focusing on how government can encourage productivity growth in the economy.

By studying other countries we hope to learn how industrial policy might work in America. The obvious choice to model is Japan's Ministry of International Trade and Industry (MITI), but other countries, most notably the British and the French, have adopted certain policies as well. On the whole, while Japan has been most successful, MITI may have more credit than is due, …

Causes And Effects Of Welfare Dependency, Chris Bisaillon '93

Honors Projects

The effect of welfare on work incentives has been a hotly debated topic since its inception in 1935. My research project examines the work incentive effects of an important component of the welfare system, namely Aid to Families with Dependent Children. I have done this by analyzing data drawn from a massive database of 12,800 youths called the National Longitudinal Survey of Youth. I primarily use two theories for my analysis, the neoclassical theory of labor supply and the welfare-disincentive theory promoted by Charles Murray. These two theories allow me to formulate and test a number of hypotheses regarding the …

The Demand For Higher Education: A Cost/Benefit Analysis Of The Human Capitol Theory, Bruce T. Bennett '93

Honors Projects

I will attempt to identify the costs and benefits of the high school graduate using the National Longitudinal Survey of Youth as the database. The study will be cross-sectional using those respondents born in 1964 or 1965. Using this data, I will formulate and test a number of hypotheses concerning the personal characteristics such as innate ability, family background, and other socioeconomic variables affecting the decision to go to college. Furthermore, I will explore the possibility of structural differences occurring between four groups - black males, white males, black females, and white females - to see if family background and …

Tax Increment Financing: A Cost/Benefit Analysis For The State Of Illinois, James C. Joslin '93

Honors Projects

While there are many supporters of TIF, it is not without opposition. The highly respected Chicago Business letter, Crains, believes that "TIFs are one of the all time great economic development boondoggles in Illinois" (9/14/92). Many people also have the perception that 'TIF has been misused to finance 'sweetheart' deals with local developers at state expense" (Ayers 21). Whether this is true or not, there are clearly differences in the level of blight and deterioration among districts. Many argue that development would have occurred in some of these districts without the aid of TIF, and that these developments merely shift …

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 …