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Full-Text Articles in Economics

The Effects Of Selective Capital Controls On Malaysia's Sustainable Economic Growth, Seok Foon Ong Jan 2000

The Effects Of Selective Capital Controls On Malaysia's Sustainable Economic Growth, Seok Foon Ong

Student Works (2000-2009)

The adoption of selective capital controls by Malaysia since September 1, 1998 remains a controversial issue. Among the opponents, selective capital controls would retard the economic growth of the country. The proponents argue that this measure is necessary to aid the government in regaining autonomy in monetary policy formulation and stabilizing the economy. The objectives of the study are: (i) to understand the contributory role played by the selective capital controls in coping with the recent currency crisis, (ii) to examine the appropriateness and effectiveness of the selective capital controls in relation to the fixed exchange rate, government fiscal and …


Vol. 22 No. 3-4 (1999): Pacific Studies Full Issue, The Jonathan Nāpela Center For Hawaiian And Pacific Islands Studies Dec 1999

Vol. 22 No. 3-4 (1999): 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 …


The Assault On The Global Economy, Murray L. Weidenbaum Dec 1999

The Assault On The Global Economy, Murray L. Weidenbaum

Murray Weidenbaum Publications

The global economy is under assault by a strange alliance of radical groups and several mainstream environmental organizations. The outfits from the far left are long-term opponents of the capitalist system, both at home and abroad, so their opposition to trade between nations is neither new nor newsworthy. It is surprising, however, that organizations like the Sierra Club and Friends of the Earth have joined this effort to oppose the modern economy. This paper attempts to respond to these views. Isolationist policies are a foolhardy, futile pursuit in today's interconnected, globalized economy.


Introduction: Defining And Understanding Sustainability In Small Island States, Charles J. Stevens Dec 1999

Introduction: Defining And Understanding Sustainability In Small Island States, Charles J. Stevens

Pacific Studies

No abstract provided.


Development, Sustainability, And The Deforestation Of Samoa, Paul Shankman Dec 1999

Development, Sustainability, And The Deforestation Of Samoa, Paul Shankman

Pacific Studies

The forests of Samoa (formerly Western Samoa) are rapidly disappearing. This article reviews the history of Samoan deforestation, particularly during the last four decades, in the context of ideas about development and sustainability. It also examines the role of village agriculturalists in the process of deforestation. Recent economic, technological, and organizational changes have increased village agricultural expansion and, consequently, deforestation.


Contributors: Vol 22 No. 3-4, The Jonathan Nāpela Center For Hawaiian And Pacific Islands Studies Dec 1999

Contributors: Vol 22 No. 3-4, The Jonathan Nāpela Center For Hawaiian And Pacific Islands Studies

Pacific Studies

Contributors list of Vol. 22 (1999): Pacific Studies Full Issue 3-4


Accounting For Change: Bringing Interdependence Into Defining Sustainability, Karen L. Nero Dec 1999

Accounting For Change: Bringing Interdependence Into Defining Sustainability, Karen L. Nero

Pacific Studies

“Sustainability,” the key word of international development bodies currently intervening in the restructuring of the Marshall Islands economy, is defined within Western economic conceptualizations. I argue that such characterizations are incomplete: they fail to capture the full nature of the ongoing Marshallese economy by focusing too narrowly on transfers related to the Compact of Free Association and by their partial understanding of Marshallese food systems and easy dichotomies between imported and local foods. The segregation of external interventions by sector further distorts their possible impact. Structural imbalances within the Marshallese and other Pacific nations’ economies have been exacerbated by the …


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 …


The Changing Economic Role Of Defense, Murray L. Weidenbaum Nov 1999

The Changing Economic Role Of Defense, Murray L. Weidenbaum

Murray Weidenbaum Publications

How much of the federal budget should be spent on national defense is discussed in this paper.


The Global Economic Outlook: Threats And Opportunities For The U.S. Mining Industry, Murray L. Weidenbaum Oct 1999

The Global Economic Outlook: Threats And Opportunities For The U.S. Mining Industry, Murray L. Weidenbaum

Murray Weidenbaum Publications

The United States has built a unique service sector which is based on a unique industrial sector which is based on a unique mining sector. Harm any one of these three vital parts of our nation and you jeopardize the standard of living and future prospects of all our citizens. Now, the world economy is in the midst of a substantial and widespread upswing. In light of this positive outlook, the U.S. mining industry faces two primary threats: increased competition with international, overseas counterparts and the U.S. government's tendency to handicap American business via taxation, regulation, and intervention.


The Global Marketplace And Government Policy, Murray L. Weidenbaum Aug 1999

The Global Marketplace And Government Policy, Murray L. Weidenbaum

Murray Weidenbaum Publications

Murray Weidenbaum points out how important it is for the United States to adapt to globalization.


How The States Can Do A Better Job Promoting Economic Development In The Twenty-First Century, Murray L. Weidenbaum Aug 1999

How The States Can Do A Better Job Promoting Economic Development In The Twenty-First Century, Murray L. Weidenbaum

Murray Weidenbaum Publications

In order for states to be able to compete in the global economy, government obstacles facing new enterprises need to be examined. States need to create a positive and competitive business climate for new and expanding companies.


Regulation: Benefit Or Bane, Murray L. Weidenbaum Jul 1999

Regulation: Benefit Or Bane, Murray L. Weidenbaum

Murray Weidenbaum Publications

Murray Weidenbaum and Carol Tucker Foreman debate what are the best ways to improve government regulation.


Globalization, Stateless Capitalism, And The International Political Economy Of Tonga’S Satellite Venture, Anthony Van Fossen Jun 1999

Globalization, Stateless Capitalism, And The International Political Economy Of Tonga’S Satellite Venture, Anthony Van Fossen

Pacific Studies

Globalization has led some Pacific Islands countries into ventures that use their sovereignty to advance private interests against regulation by metropolitan states. Tongasat, Tonga’s innovative satellite enterprise, is one such recent initiative in “stateless” capitalism that has deep structural similarities with flags of convenience and offshore tax havens. The microstate has claimed a disproportionate percentage of geostationary slots and succeeded in filling a number of them. Tongasat’s emergence is analyzed in terms of the contemporary world-system, declining U.S. hegemony over the global satellite regime (creating opportunities for independent entrepreneurs), and the end of the cold war (making inexpensive Russian satellites …


Prospects For Success In The Global Marketplace, Murray L. Weidenbaum May 1999

Prospects For Success In The Global Marketplace, Murray L. Weidenbaum

Murray Weidenbaum Publications

This paper explains how Americans need to understand the complexities of the global marketplace in order for the U.S. to become more competitive.


Life Beyond Nuclear Testing The Nevada Test Site, Fina Martinez-Myers May 1999

Life Beyond Nuclear Testing The Nevada Test Site, Fina Martinez-Myers

UNLV Theses, Dissertations, Professional Papers, and Capstones

The Nevada Test Site (NTS) has served a crucial role in protecting the nation's security over the last 50 years. Changing national budgets and fiscal priorities have signaled dramatic adjustments for the NTS. Following the 1992 nuclear testing moratorium, the U.S. government has begun to make parts of the NTS available for private-sector use in an effort to generate money, utilize the Test Site's unique resources and capabilities, and provide economic development to southern Nevada. The initiative to attract private industry to the NTS is similar to activities taking place at other nuclear facilities across the nation. With a change …


The Public And The Congress Need To Know More About Government Regulation, Murray L. Weidenbaum Apr 1999

The Public And The Congress Need To Know More About Government Regulation, Murray L. Weidenbaum

Murray Weidenbaum Publications

The public and Congress both need to know more about the costs and benefits of government regulation. This testimony before the Senate Committee on Government affairs in April 1999 addresses the proposed S.59 bill, the Regulatory Right-to-Know Act of 1999, and the proposals for a Congressional Office of Regulatory Analysis. S.59 accomplishes the desirable objective of raising the level of public regulatory understanding in a straightforward and nonpartisan manner: providing consistent regulatory data. Likewise, a new Office of Regulatory Analysis would give Congress an independent source of information - provided its charter were broad enough for the task.


Exploring The Effect Of Welfare Reform Implementation On The Attainment Of Policy Goals: An Examination Of Michigan's Counties, Jodi Sandfort Apr 1999

Exploring The Effect Of Welfare Reform Implementation On The Attainment Of Policy Goals: An Examination Of Michigan's Counties, Jodi Sandfort

Center for Policy Research

This paper presents a cross-sectional examination of the implementation conditions within Michigan during the first year following the passage of federal welfare reform. It asks the question, “Do implementation factors in the welfare system quantitatively influence the achievement of public policy goals?” Drawing on data from 82 counties, this analysis provides an exploratory, multivariate model that controls for environmental factors outside of the influence of program implementers and examines the effects of macro- and micro-implementation conditions on an outcome desired by policy reforms. The results suggest that implementation factors do have a statistically discernible relationship to proportion of a county’s …


Stability And Change In The Living Arrangements Of Older Italian Women, 1990-1995, Cecilia Tomassini, Douglas A. Wolf Apr 1999

Stability And Change In The Living Arrangements Of Older Italian Women, 1990-1995, Cecilia Tomassini, Douglas A. Wolf

Center for Policy Research

In this work we analyze the living arrangements of elderly unmarried women in Italy. We use data from three surveys, collected in 1990, 1994, and 1995 by the Italian statistical agency ISTAT. We consider unmarried women aged 65 and older, and three household types (living alone, with children, or with others), taking into account the availability of children with whom they might share a household. During this period the percentage of elderly living alone fell slightly. We investigate these patterns with a structural analysis based on multinomial models. Results indicate that some individual variables (living in southern Italy, health status) …


Estimating The Income Effect On Retirement, Douglas Holtz-Eakin, David Joulfaian, Harvey S. Rosen Apr 1999

Estimating The Income Effect On Retirement, Douglas Holtz-Eakin, David Joulfaian, Harvey S. Rosen

Center for Policy Research

One of the most important issues in the debate over Social Security is how various changes in the system would change retirement behavior. A critical parameter in this context is the income effect on retirement— how a change in income affects retirement behavior, ceteris paribus. To estimate the income effect, we examine tax-return generated data on the labor force activity of a group of older people before and after they receive inheritances. The results are consistent with the notion that income effects are small. Neither retirement decisions nor the magnitude of earnings conditional on working seem to be affected very …


Employee-Based Versus Employer-Based Subsidies To Low-Wage Workers: A Public Finance Perspective, Stacy Dickert-Conlin, Douglas Holtz-Eakin Apr 1999

Employee-Based Versus Employer-Based Subsidies To Low-Wage Workers: A Public Finance Perspective, Stacy Dickert-Conlin, Douglas Holtz-Eakin

Center for Policy Research

We revisit the relative merits of employee-based versus employer-based labor market subsidies. While conventional analyses stress the equivalence of these approaches, we find a modest preference for employee-based approaches. Because the population of low-wage workers overlaps, but is not identical to, the populations of low-skill or low-income workers, simple employer-based approaches are likely to be poorly targeted. Targeting may be improved by identification of eligible workers, but identification itself raises the possibility of detrimental stigma associated with the program. When combined with lower participation rates among firms than among households, the size of employer-based subsidies needed to match the outcome …


Environmental Change, Economic Development, And Emigration In Tuvalu, John Connell Mar 1999

Environmental Change, Economic Development, And Emigration In Tuvalu, John Connell

Pacific Studies

Growing consensus on the accelerated greenhouse effect indicates that potential increases in both sea levels and tropical storms will pose problems for atoll states, especially Tuvalu. Land areas and water supplies may be threatened by coastal erosion, depleting agricultural and fisheries potential. Tuvalu’s economy is limited and partly reliant on aid and remittances whose sustainability is uncertain. More than a third of the population now lives in overcrowded conditions in the urban center of Funafuti. Population growth has accelerated since independence, despite attempts to implement a population policy, while opportunities for temporary or permanent emigration have not increased. If environmental …


A Time-Series Econometric Model Of The Upstate New York Economy, Donald H. Dutkowsky, James Follain, Seth Giertz Mar 1999

A Time-Series Econometric Model Of The Upstate New York Economy, Donald H. Dutkowsky, James Follain, Seth Giertz

Center for Policy Research

The purpose of the research described in this report is to produce an econometric model of the Upstate New York economy and two metropolitan areas within it—Albany and Syracuse. The model is intended to satisfy three main criteria. First, the model should be capable of capturing the dynamic nature of the local economy. This simply reflects the widely held belief that the local economy’s response to various external forces and policies is unlikely to be immediate. Second, the model ought to be capable of generating short-run forecasts. In particular, quarterly forecasts for one or two years are preferred to long-run …


The Great Confusion: A Conservative's Response To Pat Buchanan's "The Great Betrayal", Murray L. Weidenbaum Mar 1999

The Great Confusion: A Conservative's Response To Pat Buchanan's "The Great Betrayal", Murray L. Weidenbaum

Murray Weidenbaum Publications

This piece refutes statements made by Pat Buchanan in his book, The Great Betrayal.


The Potential Demographic Impact Of Hiv/Aids In The Pacific, Dennis A. Ahlburg, Heidi J. Larson, Tim Brown Dec 1998

The Potential Demographic Impact Of Hiv/Aids In The Pacific, Dennis A. Ahlburg, Heidi J. Larson, Tim Brown

Pacific Studies

The number of HIV infections and cases of AIDS reported in the Pacific Island nations is growing steadily. Since many, if not all, of the risk factors for HIV infection are present in the Pacific, without change in behaviors that place people at risk of infection the potential exists for an HIV/AIDS epidemic. This article shows that such an epidemic would considerably increase mortality and slow but not reverse population growth in many Pacific Island countries. As yet, well-designed, multisectoral responses to the threat of an epidemic are lacking. The longer such responses are delayed, the larger will be the …


Traditionality, Modernity, And Household Composition: Parent-Child Coresidence In Contemporary Turkey, Hakan Aykan, Douglas A. Wolf Nov 1998

Traditionality, Modernity, And Household Composition: Parent-Child Coresidence In Contemporary Turkey, Hakan Aykan, Douglas A. Wolf

Center for Policy Research

We investigate the patterns and correlates of currently married adult children’s coresidence with their parents in Turkey, using data from the 1993 Turkish Demographic and Health Survey. We are particularly interested in “traditional” patterns of coresidence—that is, coresidence with one or both of the husband’s parents—and the effects of variables measuring traditionality at the individual and contextual levels on coresidence with any parent, and with the husband’s parents. The results indicate that coresidence among currently married children is not the norm. However, the odds of coresidence with the husband’s parents, given that a couple coresides with any parent, are very …


Residential Choices And Prospective Risks Of Nursing Home Entry, Kenneth A. Couch, Duke Kao Nov 1998

Residential Choices And Prospective Risks Of Nursing Home Entry, Kenneth A. Couch, Duke Kao

Center for Policy Research

Nationally representative estimates of the prospective risk of entry into a nursing home and the likelihood of residing in a nursing home are obtained using data from the Longitudinal Study of Aging: 1984-1990. The roles of demographic characteristics, kin availability, and health status in determining entry into and residence in nursing homes is examined. Caregivers facilitate community residence and reduce the risk of nursing home entry for those with functional limitations. Dementia in combination with functional limitations increases the risk of nursing home entry.


Government Regulation Of The Automobile: Extensive And Growing, Murray L. Weidenbaum Oct 1998

Government Regulation Of The Automobile: Extensive And Growing, Murray L. Weidenbaum

Murray Weidenbaum Publications

Automobile regulation is very burdensome and in many cases works at cross-purposes. By increasing safety features, fuel economy may be reduced.


Intergenerational Co-Residence And Children's Incomes, Thomas A. Dunn, John W. Phillips Oct 1998

Intergenerational Co-Residence And Children's Incomes, Thomas A. Dunn, John W. Phillips

Center for Policy Research

This paper examines co-residence arrangements between older parents and their adult children. We sketch a model of the co-residence choice that accounts for the preferences of the parent and the child and incorporates parental altruism and demands for housing, goods, and privacy. The model predicts that poorer, unmarried or childless siblings are more likely than their siblings to co-reside. The empirical analysis exploits the information provided by respondents in the Asset and Health Dynamics Among the Oldest Old (AHEAD) survey about all of their children living in and outside their household. Indeed, we find that poorer siblings are more likely …


Estate Taxes, Life Insurance, And Small Business, Douglas Holtz-Eakin, John W. Phillips, Harvey S. Rosen Oct 1998

Estate Taxes, Life Insurance, And Small Business, Douglas Holtz-Eakin, John W. Phillips, Harvey S. Rosen

Center for Policy Research

One criticism of the estate tax is that it prevents the owners of family businesses from passing their enterprises onto their children. The problem is that it may be difficult to pay estate taxes without liquidating the business. A natural question is why individuals with such concerns do not purchase enough life insurance to meet their estate tax liabilities. This paper examines whether and how people use life insurance to deal with the estate tax. We find that, other things being the same, business owners purchase more life insurance than other individuals. However, on the margin, their insurance purchases are …