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1997

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Articles 31 - 60 of 396

Full-Text Articles in Economics

Subsidies In Oligopoly Markets: A Welfare Comparison Between Symmetric And Asymmetric Costs, Stephen F. Hamilton, Rickard Sandin Nov 1997

Subsidies In Oligopoly Markets: A Welfare Comparison Between Symmetric And Asymmetric Costs, Stephen F. Hamilton, Rickard Sandin

Economics

Oligopolistic industries generally produce less than is socially desirable. As a result, the use of production subsidies is often suggested as a means of raising production toward the efficient level in imperfectly competitive markets. In cases where firms are equally efficient in producing the good, the common prescription is a policy of uniform subsidization, as suggested by Besley (1989).(1) When firms in an industry differ in cost efficiency, however, uniform subsidization involves subsidizing inefficient firms in the same manner as efficient firms. Consequently, uniform policy may be undesirable from a social perspective, particularly when the price-cost margins of inefficient firms …

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Meaningful Measures Of The Current Account, Eric O'N. Fisher, Youngsoo Woo Nov 1997

Meaningful Measures Of The Current Account, Eric O'N. Fisher, Youngsoo Woo

Economics

Since the conventional current account uses cash-flow accounting, it is potentially devoid of economic meaning. Assessing foreign assets at market values and including expected transfers from abroad, this paper reports two measures of the external surplus that are grounded in economic theory. The first measure is the aggregate generational current account, annual differences in the sum of net foreign assets across all current and future generations. The second measure is the generational profile of net foreign assets in a benchmark year. These ideas are implemented with data from Korea.

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Why Not Cut Pay?, Truman F. Bewley Nov 1997

Why Not Cut Pay?, Truman F. Bewley

Cowles Foundation Discussion Papers

Over 300 business people, labor leaders, business consultants, and counselors of unemployed people were interviewed during the recession of the early 1990’s in order to learn why wages and salaries were declining in only a few firms. Employers believed that cutting pay would hurt employee morale, leading to lower productivity and current or future difficulties with hiring and retention. There were few indications that unemployed people had excessive wage expectations. On the contrary, many unemployed were too flexible and found themselves rejected by firms as overqualified.

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Does Human Capital Cause Economic Growth In Egypt?, Iman Mohamed Fouad Mohamed Nov 1997

Does Human Capital Cause Economic Growth In Egypt?, Iman Mohamed Fouad Mohamed

Archived Theses and Dissertations

No abstract provided.

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Breaking Trends And The Money-Output Correlation, David Fernandez Nov 1997

Breaking Trends And The Money-Output Correlation, David Fernandez

Research Collection Lee Kong Chian School Of Business

This paper examines the impact on the money-output correlation of a univariate specification that allows time series to be characterized as stationary around a broken trend function. Though pretesting suggests that U.S. real output (industrial production) can be described as broken-trend stationary, this result has only limited impact on the money-output correlation. Before 1985 there is a strong Granger causal relationship between money and broken-detrended output (hut not first-differenced output), even when different short-term interest rates are used as regressors. However, after 1985 this relationship weakens significantly, whether or not one determines that output has a unit root.

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Seventh Lecture Seminar On Marx, Keynes And Kalecki Walras’S Law, Anwar Shaikh Phd Oct 1997

Seventh Lecture Seminar On Marx, Keynes And Kalecki Walras’S Law, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes the seventh lecture, Seminar on Marx, Keynes, and Kalecki (October 30, 1997): Walras's law.

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Sixth Lecture Seminar On Marx, Keynes & Kalecki Structure Of The Basic Neoclassical Model (Cont.), Anwar Shaikh Phd Oct 1997

Sixth Lecture Seminar On Marx, Keynes & Kalecki Structure Of The Basic Neoclassical Model (Cont.), Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes the sixth lecture, Seminar on Marx, Keynes, and Kalecki (October 23, 1997): Structure of the basic neoclassical model (cont.).

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Crop System Diversity: Historical Perspective And Current Policies, Thomas L. Dobbs, Linda M. Dumke Oct 1997

Crop System Diversity: Historical Perspective And Current Policies, Thomas L. Dobbs, Linda M. Dumke

Economics Commentator (1972- 2016)

No abstract provided.

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Fifth Lecture Seminar On Marx, Keynes And Kalecki Structure Of The Basic Neoclassical Model, Anwar Shaikh Phd Oct 1997

Fifth Lecture Seminar On Marx, Keynes And Kalecki Structure Of The Basic Neoclassical Model, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes the fifth lecture, Seminar on Marx, Keynes, and Kalecki (October 16, 1997): Structure of the basic neoclassical model.

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Fourth Lecture, Marx, Keynes & Kalecki, An Overview Of The Theory Of Prices, Anwar Shaikh Phd Oct 1997

Fourth Lecture, Marx, Keynes & Kalecki, An Overview Of The Theory Of Prices, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes the fourth lecture, Seminar on Marx, Keynes, and Kalecki (October 9, 1997): an overview of the theory of prices.

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Euro-Psychology: When Money Is More Than Money, Ibpp Editor Oct 1997

Euro-Psychology: When Money Is More Than Money, Ibpp Editor

International Bulletin of Political Psychology

This article describes some psychological roles of money and the import of these roles for domestic and international economics. The coming of the euro is used as an example.

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The Income Gap In Cognitive Skills In Rural Pakistan, Harold Alderman, Jere R. Behrman, Shahrukh Khan, David R. Ross, Richard Sabot Oct 1997

The Income Gap In Cognitive Skills In Rural Pakistan, Harold Alderman, Jere R. Behrman, Shahrukh Khan, David R. Ross, Richard Sabot

Economics Faculty Research and Scholarship

No abstract provided.

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Redefining The Role Of Public Sector Undertakings: The Case Of Iti, S S Motial Oct 1997

Redefining The Role Of Public Sector Undertakings: The Case Of Iti, S S Motial

IIMB Management Review

In keeping with the economic climate, the Government of India changed its long standing industrial policy in 1991, allowing the private sector into areas earlier reserved for public sector units. Telecom equipment manufacture was also thrown open to the private sector, thus ending the monopoly of the protected ITI, the country's oldest PSU. The company suffered heavy losses and in 1996-97, was declared potentially sick. However, rigorous turn-around strategies brought ITI back on its feet by the end of fiscal 1997. Along with an account of ITI's valiant fight back, a new role for PSUs in the changed environment is …

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India’S Software Industry: By Richard Heeks, New Delhi: Sage Publications,1997., V Balakrishnan Oct 1997

India’S Software Industry: By Richard Heeks, New Delhi: Sage Publications,1997., V Balakrishnan

IIMB Management Review

No abstract provided.

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Corporate Governance In India: Disciplining The Dominant Shareholde, Jayanth Rama Varma Oct 1997

Corporate Governance In India: Disciplining The Dominant Shareholde, Jayanth Rama Varma

IIMB Management Review

Corporate governance problems in India are very different from that of, say, the US or the UK where the issue is essentially that of disciplining the management who have ceased to be effectively accountable to their owners. The problem of the Indian corporate sector is that of disciplining the dominant shareholder and protecting the minority shareholders. The role of two such disciplining forces - the regulator and the capital market has been discussed.

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Endnotes: About Composite Economic Indexes, Alan Clayton-Matthews Oct 1997

Endnotes: About Composite Economic Indexes, Alan Clayton-Matthews

Public Policy and Public Affairs Faculty Publication Series

Just as there are different motivations for wanting to know the weather, there are different motivations for wanting to know current, past, and future economic conditions. A firm or a government agency whose revenues or tax receipts depend on the level of economic activity needs to be able to plan budgets accordingly. Others, such as the Federal Reserve System and financial analysts, need to make decisions based on the state of the economy. An economist needs to know the “facts” about the economy before explaining them.

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Economic Currents: The State Of The State Economy, Alan Clayton-Matthews Oct 1997

Economic Currents: The State Of The State Economy, Alan Clayton-Matthews

Public Policy and Public Affairs Faculty Publication Series

The current economic situation in Massachusetts, like the nation, is healthy. Employment, income, and output growth are strong, and inflation is low. Over the last 12 months ending in July 1997, non-agricultural payroll employment (referred to below as “employment”) grew 2.3 percent. At this rate, the peak employment of December 1988 will be surpassed by the end of this winter. The unemployment rate has been hovering at or below 4 percent for several months, a rate not experienced since 1989. Monthly initial unemployment insurance claims averaged 28,500 over the last 12 months, down from an average 31,400 a year earlier, …

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Ohio's Metropolitan Areas: Employment And Payroll Trends In Central And Suburban Counties, Ziona Austrian Oct 1997

Ohio's Metropolitan Areas: Employment And Payroll Trends In Central And Suburban Counties, Ziona Austrian

All Maxine Goodman Levin School of Urban Affairs Publications

No abstract provided.

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School-To-Work: Promise And Effectiveness, Kevin Hollenbeck Oct 1997

School-To-Work: Promise And Effectiveness, Kevin Hollenbeck

Employment Research Newsletter

No abstract provided.

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The Use Of Profiling To Target Services In State Welfare-To-Work Programs: An Example Of Process And Implementation, Randall W. Eberts Oct 1997

The Use Of Profiling To Target Services In State Welfare-To-Work Programs: An Example Of Process And Implementation, Randall W. Eberts

Upjohn Institute Working Papers

The purpose of this paper is to provide preliminary information about the design of a pilot project to test the efficacy of profiling and referring welfare-to-work participants. Welfare reform requires welfare recipients, with few exceptions, to participate in work activities and ultimately become economically self-sufficient. Welfare recipients possess a wide variation in job readiness skills, ranging from those who are ready and able to work to those who face significant barriers to employment. The challenge of the local administrator of welfare-to-work programs is to target services to those who need them the most. Yet, most programs provide the same services …

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Seminar On Marx, Keynes And Kalecki - Table Of Contents, Anwar Shaikh Phd Oct 1997

Seminar On Marx, Keynes And Kalecki - Table Of Contents, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes a listing of the classes and topics that comprised the seminar on Marx, Keynes, and Kalecki.

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Restating Capitalization Standards And Rules: The Case For "Rough Justice" Regulations (Part Two), John W. Lee, Eldridge Blanton, Veena Luthra, Glenn Walberg, Darryl Whitesell Oct 1997

Restating Capitalization Standards And Rules: The Case For "Rough Justice" Regulations (Part Two), John W. Lee, Eldridge Blanton, Veena Luthra, Glenn Walberg, Darryl Whitesell

Faculty Publications

No abstract provided.

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The Role Of Small Business: A Tale Of Two Cities, George A. Erickcek Oct 1997

The Role Of Small Business: A Tale Of Two Cities, George A. Erickcek

Employment Research Newsletter

No abstract provided.

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Assessment Of Kalamazoo County's Education For Employment (Efe) Programs Using 1996 Survey Data, Kevin Hollenbeck Oct 1997

Assessment Of Kalamazoo County's Education For Employment (Efe) Programs Using 1996 Survey Data, Kevin Hollenbeck

Reports

No abstract provided.

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Assessment Of Kalamazoo County's Education For Employment (Efe) Programs Using 1997 Survey Data, Kevin Hollenbeck Oct 1997

Assessment Of Kalamazoo County's Education For Employment (Efe) Programs Using 1997 Survey Data, Kevin Hollenbeck

Reports

Discusses EFE's mission, programs, and activities for high school students in the nine local school districts in Kalamazoo County, the Intermediate School District and Kalamazoo Valley Community College.

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Preliminary Evidence On Impacts Of Active Labor Programs In Hungary And Poland, Christopher J. O'Leary Oct 1997

Preliminary Evidence On Impacts Of Active Labor Programs In Hungary And Poland, Christopher J. O'Leary

Upjohn Institute Working Papers

To ease the hardship associated with worker dislocation and to maintain social stability during the transition to markets, the governments of Hungary and Poland provide labor force members with unemployment compensation and a variety of active labor programs (ALPs). Follow-up surveys of participants in retraining, public works, wage subsidies, self-employment, and comparison groups were done in Hungary and Poland in early 1997. Preliminary analysis suggests positive net impacts for most ALPs and additive benefits from the use of the employment service in both countries. Strong evidence of nonrandom assignment to programs means that great care should be used in interpreting …

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Third Lecture, Seminar On Marx, Keynes & Kalecki, Analysis Of The Real Wage, Anwar Shaikh Phd Sep 1997

Third Lecture, Seminar On Marx, Keynes & Kalecki, Analysis Of The Real Wage, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes the third lecture, Seminar on Marx, Keynes, and Kalecki (September 25, 1997): analysis of the real wage.

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Allied Health Professions In The Health-Sector Job Structure, Françoise J. Carré Sep 1997

Allied Health Professions In The Health-Sector Job Structure, Françoise J. Carré

New England Journal of Public Policy

This article reviews the characteristics of allied health professions in the U.S., Massachusetts, and Boston health sectors. These occupations are considered in the broader context of the multitiered job structure of the health sector and their gender and ethnic composition. The discussion includes surveys of vacancy rates and wage levels for selected allied health professions in Massachusetts hospitals. The article concludes with a more detailed, albeit national, picture of these occupations in the hospital sector per se, their demographic composition, and earnings level.

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Workplace Education At The Bottom Rungs, Andrés Torres Sep 1997

Workplace Education At The Bottom Rungs, Andrés Torres

New England Journal of Public Policy

In the late 1980s, observers of the Massachusetts hospital industry were predicting a severe shortfall in skilled technical workers. The Worker Education Program (WEP) emerged as one of several responses to this projected labor shortage. It was premised on the idea of an internal solution to the need for workforce development, shifting the focus from external recruitment to upgrading of incumbents — nutrition, maintenance, clerical, and secretarial staff— and from traditional classroom training to workplace education. Other features of the WEP model made it an extremely interesting experiment: it was operated by labor-management partnership, it was located statewide in nine …

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Labor's Response To Hospital And Workplace Transformation, Enid Eckstein Sep 1997

Labor's Response To Hospital And Workplace Transformation, Enid Eckstein

New England Journal of Public Policy

The health care industry and the nation's hospitals are in the throes of revolutionary change. The shift to managed care resulted in fundamental changes in the delivery of care and the structure of health care, For the past ten years, hospitals have actively been merging and creating large-scale integrated delivery systems. Employers, eager to expand market share and reduce costs, are engaged in radical reorganization of the hospital and the structure of work from which no group is immune. Physicians, nurses, technicians, and housekeepers are all affected by these changes. Hospitals are reducing their personnel, shifting work outside the hospital, …

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