Open Access. Powered by Scholars. Published by Universities.®

Social and Behavioral Sciences Commons™

Open Access. Powered by Scholars. Published by Universities.®

Series

Economics

1999

Institution
Keyword
Publication

Articles 1 - 30 of 341

Full-Text Articles in Social and Behavioral Sciences

Central Bank Of Nigeria Annual Report And Statement Of Accounts For The Year Ended 31st December 1999, Central Bank Of Nigeria Dec 1999

Central Bank Of Nigeria Annual Report And Statement Of Accounts For The Year Ended 31st December 1999, Central Bank Of Nigeria

CBN Annual Report

The Annual Report contains details of Central Bank of Nigeria (CBN) financial activities during the 1999 accounting year in accordance with statutory requirement. During the period under review, the Bank carried out its core functions under CBN Decree No. 24, 1991, and the Banks and Other Financial Institutions (BOFI Decree No. 25, 1991). The CBN also performed developmental and technical assistance roles to contribute to economic development and capacity building. In 1999, the CBN carried out core functions, including issuance of currency notes and coins, maintaining Nigeria's external reserves, and promoting monetary stability. The Bank implemented policies to reduce excess …

Go to article

Dairy Outlook 2000, Donald L. Peterson Dec 1999

Dairy Outlook 2000, Donald L. Peterson

Economics Commentator

No abstract provided.

Go to article

Dairy Outlook 2000, Donald L. Peterson Dec 1999

Dairy Outlook 2000, Donald L. Peterson

Economics Commentator

No abstract provided.

Go to article

Industrial Resources: Scott County - Stamping Ground, Kentucky Library Research Collections Dec 1999

Industrial Resources: Scott County - Stamping Ground, Kentucky Library Research Collections

Scott County

"Resources for Economic Development: Stamping Ground, [Kentucky]" prepared by the Kentucky Cabinet for Economic Development, Division of Research in cooperation with the City of Stamping Ground, Stamping Ground, Kentucky, December 1999. The report includes, but is not limited to, information about: population, labor market, local manufacturing, transportation, utilities, fuel, water, sewage, industrial sites, local government and services, taxes, educational and health facilities, housing, communication, recreation, natural resources, markets, and climate.

Go to article

Industrial Resources: Perry County - Hazard, Kentucky Library Research Collections Dec 1999

Industrial Resources: Perry County - Hazard, Kentucky Library Research Collections

Perry County

"Resources for Economic Development: Hazard, [Kentucky]" prepared by the Kentucky Cabinet for Economic Development, Division of Research in cooperation with the City of Hazard, Hazard, Kentucky, December 1999. The report includes, but is not limited to, information about: population, labor market, local manufacturing, transportation, utilities, fuel, water, industrial sites, local government and services, taxes, educational and health facilities, housing, communication, recreation, natural resources, markets, and climate.

Go to article

Industrial Resources: Boyle County - Danville, Kentucky Library Research Collections Dec 1999

Industrial Resources: Boyle County - Danville, Kentucky Library Research Collections

Boyle County

"Resources for Economic Development: Danville, Kentucky (Boyle County)" prepared by the Kentucky Cabinet for Economic Development, Division of Research, and the Boyle County Industrial Foundation, 1999. The report includes, but is not limited to, information about: population, labor market, local manufacturing, transportation, utilities, fuel, water, sewage, industrial sites, local government and services, taxes, educational and health facilities, housing, communication, recreation, natural resources, markets, and climate.

Go to article

Industrial Resources: Knott County, Kentucky Library Research Collections Dec 1999

Industrial Resources: Knott County, Kentucky Library Research Collections

Knott County

"Resources for Economic Development: Knott County" prepared by the Kentucky Cabinet for Economic Development, Division of Research in cooperation with the city of Hindman, December 1999. The report includes, but is not limited to, information about: labor markets, local manufacturing, transportation, utilities, fuel, water, sewage, industrial sites, local government and services, taxes, educational and health facilities, housing, communication, recreation, natural resources, markets and climate.

Go to article

Industrial Resources: Grant County, Kentucky Library Research Collections Dec 1999

Industrial Resources: Grant County, Kentucky Library Research Collections

Grant County

"Resources for Economic Development: Grant County, Kentucky” prepared by the Kentucky Cabinet for Economic Development, Division of Research, and the Grant County Industrial Development Authority, 1999. The report includes, but is not limited to, information about: population, labor market, local manufacturing, transportation, utilities, fuel, water, sewage, industrial sites, local government and services, taxes, educational and health facilities, housing, communication, recreation, natural resources, markets, and climate.

Go to article

Industrial Resources: Pulaski County, Somerset, Kentucky Library Research Collections Dec 1999

Industrial Resources: Pulaski County, Somerset, Kentucky Library Research Collections

Pulaski County

"Resources for Economic Development: Somerset, [Kentucky]" prepared by the Kentucky Cabinet for Economic Development, Division of Research in cooperation with the Somerset/Pulaski County Development Foundation, Somerset, Kentucky, December 1999. The report includes, but is not limited to, information about: population, labor market, local manufacturing, transportation, utilities, fuel, water, sewage, industrial sites, local government and services, taxes, educational and health facilities, housing, communication, recreation, natural resources, markets, and climate.

Go to article

Industrial Resources: Casey County - Liberty, Kentucky Library Research Collections Dec 1999

Industrial Resources: Casey County - Liberty, Kentucky Library Research Collections

Casey County

"Resources for Economic Development: Liberty – Casey County, Kentucky" prepared by the Kentucky Cabinet for Economic Development, Division of Research, the Economic Development Authority of Liberty/Casey County, 1999. The report includes, but is not limited to, information about: population, labor market, local manufacturing, transportation, utilities, fuel, water, sewage, industrial sites, local government and services, taxes, educational and health facilities, housing, communication, recreation, natural resources, markets, and climate.

Go to article

Industrial Resources: Bracken County, Kentucky Library Research Collections Dec 1999

Industrial Resources: Bracken County, Kentucky Library Research Collections

Bracken County

"Resources for Economic Development: Bracken County, Kentucky" prepared by the Kentucky Cabinet for Economic Development, Division of Research, Bracken County, and the City of Brooksville, 1999. The report includes, but is not limited to, information about: population, labor market, local manufacturing, transportation, utilities, fuel, water, sewage, industrial sites, local government and services, taxes, educational and health facilities, housing, communication, recreation, natural resources, markets, and climate.

Go to article

Industrial Resources: Bourbon County - Paris, Kentucky Library Research Collections Dec 1999

Industrial Resources: Bourbon County - Paris, Kentucky Library Research Collections

Bourbon County

"Resources For Economic Development: Paris (Bourbon County)" prepared by the Paris-Bourbon County Chamber of Commerce and the Kentucky Cabinet for Economic Development Division of Research, December 1999. The report includes, but is not limited to, information about: population, labor market, local manufacturing, transportation, utilities, fuel, water, sewage, industrial sites, local government and services, taxes, educational and health facilities, housing, communication, recreation, natural resources, markets, and climate.

Go to article

Coordination Risk And The Price Of Debt, Stephen Morris, Hyun Song Shin Dec 1999

Coordination Risk And The Price Of Debt, Stephen Morris, Hyun Song Shin

Cowles Foundation Discussion Papers

Creditors of a distressed borrower face a coordination problem. Even if the fundamentals are sound, fear of premature foreclosure by others may lead to pre-emptive action, undermining the project. Recognition of this problem lies behind corporate bankruptcy provisions across the world, and it has been identified as a culprit in international financial crises, but has received scant attention from the literature on debt pricing. The apparent multiplicity of equilibria is a barrier to development of this issue in asset pricing, but this multiplicity is only apparent. Without common knowledge of fundamentals, the incidence of failure is uniquely determined provided that …

Go to article

Maximum Likelihood Estimation In Panels With Incidental Trends, Hyungsik Roger Moon, Peter C.B. Phillips Dec 1999

Maximum Likelihood Estimation In Panels With Incidental Trends, Hyungsik Roger Moon, Peter C.B. Phillips

Cowles Foundation Discussion Papers

It is shown that the maximum likelihood estimator of a local to unity parameter can be consistently estimated with panel data when the cross section observations are independent. Consistency applies when there are no deterministic trends or when there is a homogeneous deterministic trend in the panel model. When there are heterogeneous deterministic trends the panel MLE of the local to unity parameter is inconsistent. This outcome provides a new instance of inconsistent ML estimation in dynamic panels, and, unlike earlier results of this type, applies when both T approaches infinity and N approaches infinity.

Go to article

Discrete Fourier Transforms Of Fractional Processes, Peter C.B. Phillips Dec 1999

Discrete Fourier Transforms Of Fractional Processes, Peter C.B. Phillips

Cowles Foundation Discussion Papers

Discrete Fourier transforms (dft’s) of fractional processes are studied and an exact representation of the dft is given in terms of the component data. The new representation gives the frequency domain form of the model for a fractional process, and is particularly useful in analyzing the asymptotic behavior of the dft and periodogram in the nonstationary case when the memory parameter d > 1/2. Various asymptotic approximations are suggested. It is shown that smoothed periodogram spectral estimates remain consistent for frequencies away from the origin in the nonstationary case provided the memory parameter d < 1. When d = 1, the spectral estimates are inconsistent and converge weakly to random variates. Applications of the theory to log periodogram regression and local Whittle estimation of the memory parameter are discussed and some modified versions of these procedures are suggested.

Go to article

Unit Root Log Periodogram Regression, Peter C.B. Phillips Dec 1999

Unit Root Log Periodogram Regression, Peter C.B. Phillips

Cowles Foundation Discussion Papers

Log periodogram (LP) regression is shown to be consistent and to have a mixed normal limit distribution when the memory parameter d = 1. Gaussian errors are not required. Tests of d = 1 based on LP regression are consistent against d < 1 alternatives but inconsistent against d > 1 alternatives. A test based on a modified LP regression that is consistent in both directions is provided.

Go to article

Coordination Risk And The Price Of Debt, Stephen Morris, Hyun Song Shin Dec 1999

Coordination Risk And The Price Of Debt, Stephen Morris, Hyun Song Shin

Cowles Foundation Discussion Papers

Creditors of a distressed borrower face a coordination problem. Even if the fundamentals are sound, fear of premature foreclosure by others may lead to pre-emptive action, undermining the project. Recognition of this problem lies behind corporate bankruptcy provisions across the world, and it has been identified as a culprit in international financial crises, but has received scant attention from the literature on debt pricing. Without common knowledge of fundamentals, the incidence of failure is uniquely determined provided that private information is precise enough. This affords a way to price the coordination failure. Comparative statics on the unique equilibrium provides several …

Go to article

Political Correctness, Stephen Morris Dec 1999

Political Correctness, Stephen Morris

Cowles Foundation Discussion Papers

An informed advisor wishes to convey her valuable information to an uninformed decision maker with identical preferences. Thus she has a current incentive to truthfully reveal her information. But if the decision maker thinks the advisor might be biased in favor of one decision, and the advisor does not wish to be thought to be biased, the advisor has a reputational incentive to lie. If the advisor is sufficiently concerned about her reputation, no information is conveyed in equilibrium. In a repeated version of this game, the advisor will care.

Go to article

Nonlinear Econometric Models With Cointegrated And Deterministically Trending Regressors, Yoosoon Chang, Joon Y. Park, Peter C.B. Phillips Dec 1999

Nonlinear Econometric Models With Cointegrated And Deterministically Trending Regressors, Yoosoon Chang, Joon Y. Park, Peter C.B. Phillips

Cowles Foundation Discussion Papers

This paper develops an asymptotic theory for a general class of nonlinear nonstationary regressions, extending earlier work by Phillips and Hansen (1990) on linear cointegrating regressions. The model considered accommodates a linear time trend and stationary regressors, as well as multiple I(1) regressors. We establish consistency and derive the limit distribution of the nonlinear least squares estimator. The estimator is consistent under fairly general conditions but the convergence rate and the limiting distribution are critically dependent upon the type of the regression function. For integrable regression functions, the parameter estimates converge at a reduced n 1 /4 rate and have …

Go to article

Is Trade Liberalization An Important Cause Of Increasing U.S. Wage Inequality? The Interaction Of Theory And Policy, John B. Davis Dec 1999

Is Trade Liberalization An Important Cause Of Increasing U.S. Wage Inequality? The Interaction Of Theory And Policy, John B. Davis

Economics Faculty Research and Publications

The majority of mainstream economists believe that globalization and trade liberalization have had a minor role in increasing U.S. wage inequality. A minority argues that capital mobility and outsourcing indicate a larger effect. This paper first surveys these views, and then argues that how we understand the policy consequences of trade liberalization helps determine the character of our analysis of the issue itself. Thus, a shift in policy perspective, to consider the "equity costs" of trade liberalization in terms of eroded U.S. labor market institutions, produces a larger framework for analyzing the consequences of globalization and trade liberalization than is …

Go to article

Shrinking Kin Networks In Italy Due To Sustained Low Fertility, Cecilia Tomassini, Douglas A. Wolf Dec 1999

Shrinking Kin Networks In Italy Due To Sustained Low Fertility, Cecilia Tomassini, Douglas A. Wolf

Center for Policy Research

Among the closely watched demographic trends of the late 20th Century is a pronounced drop in fertility rates throughout much of the world. Italy presents a particularly interesting case for study: in 1960, Italy’s total fertility rate (TFR) was 2.41; by 1995 it had fallen to 1.17. According to United Nations projections, by 2050 Italy will be the second oldest country in the world, with 3.4 persons aged 60 or older for each person under age 15. Besides overall population aging, another implication of sustained low fertility is smaller families and kin groups. We investigate the consequences of projected changes …

Go to article

Census Bureau Seeks Partners In Business, Chester Smolski Nov 1999

Census Bureau Seeks Partners In Business, Chester Smolski

Smolski Texts

"By now you should have seen the advertisements for the U.S. Census Bureau to apprise us of the forthcoming census on April 1, 2000. And there will be plenty more since the Bureau has budgeted $167 million on this push for public awareness, something it has never perviously paid to do."

Go to article

Prospects For Organic Agriculture In The Upper Midwest, Thomas L. Dobbs, Richard C. Shane, Dillon M. Fuez Nov 1999

Prospects For Organic Agriculture In The Upper Midwest, Thomas L. Dobbs, Richard C. Shane, Dillon M. Fuez

Economics Commentator

No abstract provided.

Go to article

Prospects For Organic Agriculture In The Upper Midwest, Thomas L. Dobbs, Richard C. Shane, Dillon M. Fuez Nov 1999

Prospects For Organic Agriculture In The Upper Midwest, Thomas L. Dobbs, Richard C. Shane, Dillon M. Fuez

Economics Commentator

No abstract provided.

Go to article

International Trade, Monetary Policy, And The Yellow Brick Road, Joseph Santos Nov 1999

International Trade, Monetary Policy, And The Yellow Brick Road, Joseph Santos

Economics Commentator

No abstract provided.

Go to article

International Trade, Monetary Policy, And The Yellow Brick Road, Joseph Santos Nov 1999

International Trade, Monetary Policy, And The Yellow Brick Road, Joseph Santos

Economics Commentator

No abstract provided.

Go to article

Industrial Resources: Barren County - Cave City, Kentucky Library Research Collections Nov 1999

Industrial Resources: Barren County - Cave City, Kentucky Library Research Collections

Barren County

"Resources For Economic Development: Cave City (Barren County)" prepared by the Kentucky Cabinet for Economic Development, Division of Research, November, 1999. The report includes, but is not limited to, information about: population, labor market, local manufacturing, transportation, utilities, fuel, water, sewage, industrial sites, local government and services, taxes, educational and health facilities, housing, communication, recreation, natural resources, markets, and climate.

Go to article

Industrial Resources: Marshall County, Kentucky Library Research Collections Nov 1999

Industrial Resources: Marshall County, Kentucky Library Research Collections

Marshall County

"Resources for Economic Development: Marshal County, [Kentucky]" prepared by the Kentucky Cabinet for Economic Development, Division of Research in cooperation with the Marshall County Government, Gilbertsville, Kentucky, November 1999. The report includes, but is not limited to, information about: population, labor market, local manufacturing, transportation, utilities, fuel, water, sewage, industrial sites, local government and services, taxes, educational and health facilities, housing, communication, recreation, natural resources, markets, and climate.

Go to article

Industrial Resources: Lyon County, Kentucky Library Research Collections Nov 1999

Industrial Resources: Lyon County, Kentucky Library Research Collections

Lyon County

"Resources for Economic Development: Lyon County, [Kentucky]" prepared by the Kentucky Cabinet for Economic Development, Division or Research in cooperation with the Lyon County Chamber of Commerce, Eddyville, Kentucky, November, 1999. The report includes, but is not limited to, information about: population, labor market, local manufacturing, transportation, utilities, fuel, water, industrial sites, local government and services, taxes, educational and health facilities, housing, communication, recreation, natural resources, markets, and climate.

Go to article

Multivariate Density Forecast Evaluation And Calibration In Financial Risk Management: High-Frequency Returns On Foreign Exchange, Francis X. Diebold, Jinyong Hahn, Anthony S. Tay Nov 1999

Multivariate Density Forecast Evaluation And Calibration In Financial Risk Management: High-Frequency Returns On Foreign Exchange, Francis X. Diebold, Jinyong Hahn, Anthony S. Tay

Research Collection School Of Economics

We provide a framework for evaluating and improving multivariate density forecasts. Among other things, the multivariate framework lets us evaluate the adequacy of density forecasts involving cross-variable interactions, such as time-varying conditional correlations. We also provide conditions under which a technique of density forecast calibration can be used to improve deficient density forecasts, and we show how the calibration method can be used to generate good density forecasts from econometric models, even when the conditional density is unknown. Finally, motivated by recent advances in financial risk management, we provide a detailed application to multivariate high-frequency exchange rate density forecasts. © …

Go to article

Next Last