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Full-Text Articles in Economics

Vol. 19 No. 2 (1996): Pacific Studies Full Issue, The Jonathan Nāpela Center For Hawaiian And Pacific Islands Studies Jun 1996

Vol. 19 No. 2 (1996): Pacific Studies Full Issue, 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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Books Received And Book Notices, The Jonathan Nāpela Center For Hawaiian And Pacific Islands Studies Jun 1996

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

Pacific Studies

Book Listing for the Vol 19, No 2 Edition of the Pacific Studies Journal

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The Control Of The Monetary And Banking System By The Central Bank Of Nigeria., Paul A. Ogwuma Jun 1996

The Control Of The Monetary And Banking System By The Central Bank Of Nigeria., Paul A. Ogwuma

Bullion

To understand the role of the Central Bank of Nigeria in controlling the system under the prevailing functional arrangement, it would be necessary to relate the conceptual framework of monetary and banking system control to the Bank's experience. To this end, the paper is organised in five sections. After Section One which is the introduction, Section Two examines the conceptual framework of monetary and banking system control. This is followed by Section Three which reviewed the CBN's techniques of control and their changes over the years. Section Four appraises the control measures and ascertains their effectiveness while Section Five provides …

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Nigeria's Domestic Public Debt Stock: An Assessment., Victor A. Odozi Jun 1996

Nigeria's Domestic Public Debt Stock: An Assessment., Victor A. Odozi

Bullion

Since the early 1980s, Nigeria has taken steps to evolve external debt management strategies encompassing refinancing, restructuring, buyback, collateralisation and debt conversion arrangements as well as issuing external borrowing guidelines. Although the county's external debt problem remains severe, judging both by the absolute level of the debt stock and the unsustainable trend of the various debt servicing ratios, such as debt stock/GDP, debt stock/exports and debt service/export earnings, it is generally acknowledged that the Government had made concerted efforts to address the problem. However, the domestic debt has not been given the same attention, if any at all. the domestic …

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Fiscal Federalism: Revenue Allocation For Economic Development In Nigeria., T. O. Okunrounmu Jun 1996

Fiscal Federalism: Revenue Allocation For Economic Development In Nigeria., T. O. Okunrounmu

Bullion

From colonial administration to independence in 1960 and 35 years of self-rule, revenue allocation in the Federal Republic of Nigeria has had a chequered history. It has been subject of intensive lobbying by politicians in the attempt to have their wishes engrained in the Constitution. This paper is prepared in three parts. Part I is a theoretical overview of fiscal federalism while Part II reviews the Nigerian experience with Fiscal Federalism. Part III analyses proposals for an effective fiscal Federalism that would enhance economic development.

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Mobilising Financial Resources For Growth: Nigeria's Financial Policy Perspective., Felix U. Ezeuduji Jun 1996

Mobilising Financial Resources For Growth: Nigeria's Financial Policy Perspective., Felix U. Ezeuduji

Bullion

Financial resources for growth are from several sources because no single source could provide the required funding. The major known sources of resources for growth are based to both the informal sector and formal sector activities which include the fiscal operations of the Government foreign sector transactions, capital market activities, and institutional savings mobilisation in the financial sector which is the focus of this paper. This paper is organised in five sections. The introduction constitutes Section One which provides the background, the objective and the organisation of the paper. In section Two, the conceptual framework of financial resource mobilisation is …

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The Strategy And Financing Of Economic Recovery In Africa., Ubadigbo Okonkwo Jun 1996

The Strategy And Financing Of Economic Recovery In Africa., Ubadigbo Okonkwo

Bullion

The paper examines the impact of Structural Adjustment Programmes (SAP) on investment and growth in Africa and suggests the need for a new development paradigm. Working in partnership with the private sector, African Governments must establish a sound institutional and incentive framework for rapid growth. An alternative development strategy should be market-friendly and people-centred and must give priority to the accelerated expansion of exports and Small and Medium Enterprises (SMEs). In view of the bleak prospects for external financing, Africa must rely on domestic financial institutions and capital markets to mobilise the required financial resources for economic recovery.

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Charles J. Weeks Jr.'S Review Of Donald D. Johnson's The United States In The Pacific: Private Interests And Public Policies, 1784-1899, Charles J. Weeks Jr. Jun 1996

Charles J. Weeks Jr.'S Review Of Donald D. Johnson's The United States In The Pacific: Private Interests And Public Policies, 1784-1899, Charles J. Weeks Jr.

Pacific Studies

No abstract provided.

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Vol. 19 No. 2 (1996): Pacific Studies Front Matter, The Jonathan Nāpela Center For Hawaiian And Pacific Islands Studies Jun 1996

Vol. 19 No. 2 (1996): 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 19 No. 2, The Jonathan Nāpela Center For Hawaiian And Pacific Islands Studies Jun 1996

Contributors: Vol 19 No. 2, The Jonathan Nāpela Center For Hawaiian And Pacific Islands Studies

Pacific Studies

Contributors list of Vol. 19 (1996): Pacific Studies Full Issue 2

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Financial Capital, Human Capital, And The Transition To Self-Employment; Evidence From Intergenerational Links, Thomas Dunn, Douglas Holtz-Eakin Jun 1996

Financial Capital, Human Capital, And The Transition To Self-Employment; Evidence From Intergenerational Links, Thomas Dunn, Douglas Holtz-Eakin

Center for Policy Research

The environment for business creation is central to economic policy, as entrepreneurs are believed to be forces of innovation, employment and economic dynamism. We use data from the National Longitudinal Surveys (NLS) to investigate the relative importance of financial and human capital exploiting the variation provided by intergenerational links. Specifically, we estimate the impacts of parental wealth and human capital on the probability that an individual will make the transition from a wage and salary job to self-employment. We find that young men’s own financial assets exert a statistically significant, but quantitatively modest effect on the transition to self-employment. In …

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Fax: May 7, 1996,The White House, Office Of The Press Secretary May 1996

Fax: May 7, 1996,The White House, Office Of The Press Secretary

Saffy Collection - All Textual Materials

A fax sent to Dr. Edna L. Saffy, the press release outlines President Clinton’s strong record of success meeting the challenges by the numbers. The fax gives statistics pertaining the economy and violent crimes in the United States.

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An Estimation Of Three Sets Of Indicators Of Financial Risk Among Multifamily Properties, Amy S. Bogdon, James R. Follain May 1996

An Estimation Of Three Sets Of Indicators Of Financial Risk Among Multifamily Properties, Amy S. Bogdon, James R. Follain

Center for Policy Research

A lack of information about the financial condition of multifamily properties has hindered the development of a secondary mortgage market in multifamily mortgages and federal policies to finance multifamily housing. The purpose of this paper is to improve our understanding of the financial condition of multifamily properties. The centerpiece of the analysis is the 1991 RFS [U.S. Bureau of the Census]. Three sets of indicators of financial distress are examined in this paper. The first is interest rate related risk. We find that twenty five percent of the properties with mortgages have contract interest rates at least 87 basis points …

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Neoisolationism And Global Realities, Murray L. Weidenbaum May 1996

Neoisolationism And Global Realities, Murray L. Weidenbaum

Murray Weidenbaum Publications

The United States needs to take the necessary actions to make American business and labor more productive and, thus, more competitive. Tax Reform, regulatory reform, liability law reform, and a modern labor policy can help achieve those goals.

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Individuals' Lifetime Use Of Nursing Home Services: A Dynamic Microsimulation Approach, Sarah B. Laditka Apr 1996

Individuals' Lifetime Use Of Nursing Home Services: A Dynamic Microsimulation Approach, Sarah B. Laditka

Center for Policy Research

Despite the projected growth in the number of older Americans who will use nursing home services as the baby boom generation ages, there is little information about the total amount of time we can expect people to reside in nursing homes. I estimate individuals’ lifetime use of nursing home services using data from the 1984-1990 Longitudinal Study of Aging and the 1982, 1984, and 1989 National Long-Term Care Survey. A Markov model of functional status was used to estimate monthly functional status transition probabilities. Discrete-time hazard models were estimated to determine characteristics that were associated with nursing home use. Microsimulation …

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The Demand For Home Mortgage Debt And The Income Tax, James R. Follain, Robert M. Dunsky Apr 1996

The Demand For Home Mortgage Debt And The Income Tax, James R. Follain, Robert M. Dunsky

Center for Policy Research

The goal of this paper is to learn more about the demand for the amount of mortgage debt owed by United States home owners. Mortgage debt is defined to be the amount of outstanding household debt secured by the owner’s principal residence; mortgages for second homes and other real estate are not considered, but second mortgages and home equity loans are. The analysis focuses on the behavior of individual households and examines variations in the their demand for mortgage debt with respect to a variety of characteristics such as household income, age, education, and other characteristics of the household. Of …

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Work, Welfare, And The Burden Of Disability: Caring For Special Needs Of Children In Poor Families, Marcia K. Meyers, Anna Lukemeyer, Timothy M. Smeeding Apr 1996

Work, Welfare, And The Burden Of Disability: Caring For Special Needs Of Children In Poor Families, Marcia K. Meyers, Anna Lukemeyer, Timothy M. Smeeding

Center for Policy Research

This paper addresses issues which arise at the juncture of welfare and disability policies. Using preliminary data from a recent survey of current and recent AFDC recipients in California, we find that disabilities and chronic health problems affect the mothers or children in 43 percent of all households in the AFDC system. The presence of one or more children with disabilities or chronic illnesses is found to have an impact on the economic well-being of families, with increased levels of direct hardship reported by families caring for one or more severely impaired children. Potential causes of higher levels of hardship …

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Do Housing Programs For Low-Income Households Improve Their Housing?, Amy D. Crews Apr 1996

Do Housing Programs For Low-Income Households Improve Their Housing?, Amy D. Crews

Center for Policy Research

The primary goals of the 1937 Housing Act were to provide safe and sanitary housing and to reduce crowding for low-income households. During the nearly 60 years since, the effective goals have expanded to include lowering housing costs, and by extension, to increasing nonhousing consumption. This paper examines the effect these programs have had on the overall consumption behavior of participants. Using data from the 1987 American Housing Survey (AHS), the results indicate that federal housing programs have little effect on the housing consumption of participants (4.4 percent increase), but an enormous effect on their nonhousing consumption (141 percent increase). …

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The Employment Act Of 1946: A Half Century Of Experience, Murray L. Weidenbaum Apr 1996

The Employment Act Of 1946: A Half Century Of Experience, Murray L. Weidenbaum

Murray Weidenbaum Publications

The enactment of the Employment Act of 1946 established the Council of Economic Advisers and the congressional Joint Economic Committee. This paper discusses the role each has played since then involving economic policy.

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Four Approaches To Tax Reform, Murray L. Weidenbaum Apr 1996

Four Approaches To Tax Reform, Murray L. Weidenbaum

Murray Weidenbaum Publications

This report explains four alternatives to the income tax: the flat tax, the saving-friendly USA Tax, a national sales tax, and a value-added tax.

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The Importance Of Transportation Infrastructure Investments To The Nation's Future, Randall W. Eberts Mar 1996

The Importance Of Transportation Infrastructure Investments To The Nation's Future, Randall W. Eberts

Testimonies

No abstract provided.

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Books Received And Book Notices, The Jonathan Nāpela Center For Hawaiian And Pacific Islands Studies Mar 1996

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

Pacific Studies

Book Listing for the Vol 19, No 1 Edition of the Pacific Studies Journal

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Contributors: Vol 19 No. 1, The Jonathan Nāpela Center For Hawaiian And Pacific Islands Studies Mar 1996

Contributors: Vol 19 No. 1, The Jonathan Nāpela Center For Hawaiian And Pacific Islands Studies

Pacific Studies

Contributors list of Vol. 19 (1996): Pacific Studies Full Issue 1

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Worker Takeover In Industry: The Kamani Tubes Experiment By B Srinivas. Sage Publications, 1993., Nina Jacob Mar 1996

Worker Takeover In Industry: The Kamani Tubes Experiment By B Srinivas. Sage Publications, 1993., Nina Jacob

IIMB Management Review

This book is a case study about a recent path breaking attempt by workers, to own and manage the sick company for which they were working. The imperative for such an attempt is, quite simply, survival.

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Vol. 19 No. 1 (1996): Pacific Studies Front Matter, The Jonathan Nāpela Center For Hawaiian And Pacific Islands Studies Mar 1996

Vol. 19 No. 1 (1996): 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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Labour Law, Work And Development: Essays In Honour Of P G Krishnan. Edited By : Debi S Saini. Westvill Publishing House, 1995., B R Patil Mar 1996

Labour Law, Work And Development: Essays In Honour Of P G Krishnan. Edited By : Debi S Saini. Westvill Publishing House, 1995., B R Patil

IIMB Management Review

This book has been published in honour of Prof P Gopala Krishnan, a renowned professor of law. It consists of ten essays grouped under four heads. Four of these essays relate to organised labour and industry, while the remaining deal with the problems of unorganised and rural labour. 

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Refugee Resettlement In The United States: Implications For International Social Welfare, Miriam Potocky Mar 1996

Refugee Resettlement In The United States: Implications For International Social Welfare, Miriam Potocky

The Journal of Sociology & Social Welfare

An analysis of U.S. refugee resettlement policy reveals approaches that do not address several root causes of resettlement difficulties: cultural differences, post-traumatic stress disorder, and discrimination by the host culture. Several recommendations are made for policy improvements, and suggestions for the future of international social welfare are presented.

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Vol. 19 No. 1 (1996): Pacific Studies Full Issue, The Jonathan Nāpela Center For Hawaiian And Pacific Islands Studies Mar 1996

Vol. 19 No. 1 (1996): Pacific Studies Full Issue, 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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New Trends In Micronesian Migration: Fsm Migration To Guam And The Marianas, 1990-1993, Francis X. Hezel, S. J., Michael J. Levin Mar 1996

New Trends In Micronesian Migration: Fsm Migration To Guam And The Marianas, 1990-1993, Francis X. Hezel, S. J., Michael J. Levin

Pacific Studies

No abstract provided.

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Ruthless Prepayment? Evidence From Multifamily Mortgages, James R. Follain, Jan Ondrich, Gyan P. Sinha Mar 1996

Ruthless Prepayment? Evidence From Multifamily Mortgages, James R. Follain, Jan Ondrich, Gyan P. Sinha

Center for Policy Research

Estimates of a prepayment function for multifamily mortgages are reported in this paper. These are among the first attempts to estimate such a function; most previous work along these lines focuses on single family mortgages. A further distinguishing aspect of the paper is its attempt to incorporate the impact of unobservable factors on the mortgage refinancing decision. A variant of the maximum likelihood procedure first developed by Meyer (1987) is employed. The results indicate an overall positive duration dependence for the conditional prepayment rate. The estimated response of prepayments to a change in the market rate of interest is significant …

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