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2001

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Articles 361 - 390 of 611

Full-Text Articles in Economics

Measurability Is Not About Information, Juan Dubra, Federico Echenique Mar 2001

Measurability Is Not About Information, Juan Dubra, Federico Echenique

Cowles Foundation Discussion Papers

We comment on the relation between models of information based on signals/partitions, and those based on sigma-algebras. We show that more informative signals need not generate finer sigma-algebras, hence that Blackwell’s theorem fails if information is modeled as sigma-algebras. The reason is that the sigma-algebra generated by a partition does not contain all the events that can be known from the information provided by the signal. We also show that there is a non-conventional sigma-algebra that can be associated to a signal which does preserve its information content. Further, expectations and conditional expectations may depend on the choice of sigma-algebra …

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The Effect Of Child Care Costs On The Labor Force Participation And Welfare Recipiency Of Single Mothers: Implications For Welfare Reform, Rachel Connelly, Jean Kimmel Mar 2001

The Effect Of Child Care Costs On The Labor Force Participation And Welfare Recipiency Of Single Mothers: Implications For Welfare Reform, Rachel Connelly, Jean Kimmel

Upjohn Institute Working Papers

This paper considers the effect of child care costs on two labor market outcomes for single mothers - whether to participate in the labor market and whether to receive welfare. Hourly child care expenditures are estimated for all women in the sample (using data drawn from the 1992 and 1993 panels of the SIPP), whether or not they are currently using nonmaternal child care. These expenditures are then included as an independent variable predicting the probability of welfare recipiency and the probability of labor force participation. Results show a substantial positive effect of child care costs on welfare recipiency, with …

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Optimal Currency Basket Pegs For Developing And Emerging Economies, Joseph P. Daniels, Peter Toumanoff, Marc Von Der Ruhr Mar 2001

Optimal Currency Basket Pegs For Developing And Emerging Economies, Joseph P. Daniels, Peter Toumanoff, Marc Von Der Ruhr

Economics Faculty Research and Publications

The exchange rate arrangement represents an important policy choice for emerging and transitional economies as they strive to become stable and market-driven. A wide variety of arrangements have emerged, ranging from currency boards, basket-currency pegs and single-currency pegs to floating rates. Recently the IMF has recommended that, if the exchange value of a currency is to be pegged, it is better to peg to a basket of currencies rather than a single currency. Nonetheless, there has been little theoretical research on the management and optimal design of basket-peg arrangements. In this paper we extend the small-country macroeconomic model of Turnovsky …

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Residential Mobility And Youth Well-Being: Research, Policy, And Practice Issues, Edward Scanlon, Kevin Devine Mar 2001

Residential Mobility And Youth Well-Being: Research, Policy, And Practice Issues, Edward Scanlon, Kevin Devine

The Journal of Sociology & Social Welfare

Despite an extensive body of sociological work suggesting that residential mobility reduces child well-being, the subject of relocation has been largely overlooked in social work and social welfare literature. Recent social policies threaten to increase the incidence of moving among low-income families in the United States. This paper reviews theoretical and empirical literature in this area and finds evidence that residential mobility reduces children's academic functioning, and may negatively affect other aspects of child well-being. These effects are especially strong for poor children from single parent families, making this issue of particular relevance for social work. The authors suggest implications …

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The Transformation Of Russian Social Policy In The Transition Toward A Market Economy, Isabel Pla Julian Mar 2001

The Transformation Of Russian Social Policy In The Transition Toward A Market Economy, Isabel Pla Julian

The Journal of Sociology & Social Welfare

The last few years have witnessed truly extraordinary events in the formerly communist societies. These countries were characterized by the great importance attached to social policy as opposed to market economy countries with a similar level of economic growth. However, the transition process toward a market economy has set new conditions for the functioning of governing levels and companies, which has affected social policies altogether. On the one hand, economic liberalization has brought about a reduction of the Russian Government's intervention in the economy, particularly in social policy. On the other hand, the privatization of the state company in a …

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New Mexico Traffic Crash Info_1999, University Of New Mexico Division Of Government Research, New Mexico State Highway And Transportation Department Mar 2001

New Mexico Traffic Crash Info_1999, University Of New Mexico Division Of Government Research, New Mexico State Highway And Transportation Department

BBER Publications

This report analyzes traffic crashes occurring in New Mexico during 1999, presenting statewide and county-level data on fatalities, injuries, crash causes, alcohol involvement, seatbelt use, pedestrians, motorcycles, and roadway safety trends. Produced for the New Mexico Traffic Safety Bureau, the report serves as a comprehensive reference source for transportation planning, public safety policy, and traffic crash research.

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Albuquerque Hours And Earnings Estimates - 2001, New Mexico Department Of Labor Mar 2001

Albuquerque Hours And Earnings Estimates - 2001, New Mexico Department Of Labor

Historic Publications

This publication presents historical hours and earnings data for manufacturing workers in the Albuquerque metropolitan area, including average weekly earnings, hours worked, and hourly wages from 1960 through 2000. Compiled by the New Mexico Department of Labor in cooperation with the U.S. Bureau of Labor Statistics, it serves as a resource for analyzing long-term labor market and wage trends in the region.

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Optimal Designs For Evaluating A Series Of Treatments, Denis H. Y. Leung, You Gan Wang Mar 2001

Optimal Designs For Evaluating A Series Of Treatments, Denis H. Y. Leung, You Gan Wang

Research Collection School Of Economics

Several articles in this journal have studied optimal designs for testing a series of treatments to identify promising ones for further study. These designs formulate testing as an ongoing process until a promising treatment is identified. This formulation is considered to be more realistic but substantially increases the computational complexity. In this article, we show that these new designs, which control the error rates for a series of treatments, can be reformulated as conventional designs that control the error rates for each individual treatment. This reformulation leads to a more meaningful interpretation of the error rates and hence easier specification …

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The Legal And Regulatory Framework Required To Enable Microfinance Institutions To Operate Effectively, Ishrat Husain Dr. Feb 2001

The Legal And Regulatory Framework Required To Enable Microfinance Institutions To Operate Effectively, Ishrat Husain Dr.

Faculty Research - Talks, Speeches, & Discourse

The following is an excerpt from a plenary panel of central bank governors titled, "The Legal and Regulatory Framework Required to Enable Microfinance Institutions to Operate Effectively." The panel was moderated by Professor Muhammad Yunus, Managing Director of the Grameen Bank. The panel consisted of Dipendra Purush Dhakal, Governor of the Central Bank of Nepal, Dr. Ishrat Husain, Governor of the State Bank of Pakistan, Mr. Jagdish Kapoor, Deputy Governor of the Reserve Bank of India, Mr. Burhanuddin Abdullah, Deputy Governor of the Central Bank of Indonesia, and Dr. H.D. Pant, former Deputy Governor of the Central Bank of Nepal, …

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Trends. Double Bind In Quebec And In The World, Ibpp Editor Feb 2001

Trends. Double Bind In Quebec And In The World, Ibpp Editor

International Bulletin of Political Psychology

This article discusses the desire for Quebec to become an independent nation-state but there are dynamics that affect that process. The Separatist Movement faces roadblocks no matter the state of the national economy in Canada.

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Capital Access In El Paso: A Multivariate Analysis Of Factors Influencing Loan Approval, David A. Schauer, Dennis L. Soden Feb 2001

Capital Access In El Paso: A Multivariate Analysis Of Factors Influencing Loan Approval, David A. Schauer, Dennis L. Soden

IPED Technical Reports

During the spring of 2000, The University of Texas at El Paso was commissioned by the El Paso Leadership and Research Council to explore a broad set of issues surrounding supply and demand factors with respect to commercial banks, small business firms and debt financing. The study revealed among other things that small, relatively young and minority owned firms experience high loan denial rates compared to their counterparts. The present study has the purpose of providing a more comprehensive statistical analysis concerning the factors which influence or predict loan approval probabilities.

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The Role Of Microsimulation In Longitudinal Data Analysis, Douglas A. Wolf Feb 2001

The Role Of Microsimulation In Longitudinal Data Analysis, Douglas A. Wolf

Center for Policy Research

The term “microsimulation” has been linked to a range of tools and techniques that are finding growing use in empirical social science applications. This paper considers one such area, namely the potential for microsimulation to serve the needs of the data analyst, in contrast to the more common use of microsimulation by the model user. Furthermore, the focus is on longitudinal rather than cross-sectional data analysis. The paper identifies several types of longitudinal data modeling approaches in which microsimulation is particularly relevant, suggesting algorithms with which to conduct such microsimulations. Microsimulation can be used to extend the range of inferences …

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Social Norms And The Time Allocation Of Women's Labor In Burkina Faso, Michael Kevane, Bruce Wydick Feb 2001

Social Norms And The Time Allocation Of Women's Labor In Burkina Faso, Michael Kevane, Bruce Wydick

Economics

This paper proposes that major determinants of allocation of women's time are social norms that regulate the economic activities of women. Our emphasis on norms contrasts with approaches that view time allocation as determined by household-level economic variables. Using data from Burkina Faso, we show that social norms significantly explain differences in patterns of time allocation between two ethnic groups: Mossi and Bwa. Econometric results show women from the two groups exhibiting different responses to changes in farm capital. Implications are that policies that foster changes in social norms may have more permanent effects on altering women's behavior.

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The Information Technology Cluster In Northeast Ohio: A Briefing Paper, Ziona Austrian Feb 2001

The Information Technology Cluster In Northeast Ohio: A Briefing Paper, Ziona Austrian

All Maxine Goodman Levin School of Urban Affairs Publications

No abstract provided.

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Montana Vision Travel Research: 2001, Norma P. Nickerson, Thale Dillon, Kim Mcmcmahon Feb 2001

Montana Vision Travel Research: 2001, Norma P. Nickerson, Thale Dillon, Kim Mcmcmahon

Institute for Tourism and Recreation Research Publications

Outlook for 2001 and Review of 2000.

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Forecasting Volatility: Evidence From The German Stock Market, Hagen H. W. Bluhm, Jun Yu Feb 2001

Forecasting Volatility: Evidence From The German Stock Market, Hagen H. W. Bluhm, Jun Yu

Research Collection School Of Economics

In this paper we compare two basic approaches to forecast volatility in the German stock market. The first approach uses various univariate time series techniques while the second approach makes use of volatility implied in option prices. The time series models include the historical mean model, the exponentially weighted moving average (EWMA) model, four ARCH-type models and a stochastic volatility (SV) model. Based on the utilization of volatility forecasts in option pricing and Value-at-Risk (VaR), various forecast horizons and forecast error measurements are used to assess the ability of volatility forecasts. We show that the mode lrankings are sensitive to …

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South Dakota Agricultural Land Tenure And Ownership Trends, Larry Janssen Jan 2001

South Dakota Agricultural Land Tenure And Ownership Trends, Larry Janssen

Economics Commentator (1972- 2016)

No abstract provided.

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South Dakota Agricultural Land Tenure And Ownership Trends, Larry Janssen Jan 2001

South Dakota Agricultural Land Tenure And Ownership Trends, Larry Janssen

Economics Commentator (1972- 2016)

No abstract provided.

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Empty Folder On Ny Times International, Anwar Shaikh Phd Jan 2001

Empty Folder On Ny Times International, Anwar Shaikh Phd

Archives of Anwar Shaikh

An empty folder titled New York Times International titled Who Needs to Add... (January 25, 2001)

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Economic Impact Of Pharmacia On Kalamazoo County In 1999, George A. Erickcek Jan 2001

Economic Impact Of Pharmacia On Kalamazoo County In 1999, George A. Erickcek

Reports

No abstract provided.

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The Economic Feasibility Of A Car Wash, Steve A. Johnson Jan 2001

The Economic Feasibility Of A Car Wash, Steve A. Johnson

IPED Technical Reports

No abstract provided.

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Teacher And Student Economic Understanding In Transition Economics, William Walstad, Ken Rebeck Jan 2001

Teacher And Student Economic Understanding In Transition Economics, William Walstad, Ken Rebeck

Department of Economics: Faculty Publications

This study describes a new data set and uses it for an exploratory investigation of whether seminars for teachers conducted by the National Council on Economic Education through its International Education Exchange Program (IEEP) had a beneficial effect on the economic understanding of the high school students of these teachers. The data were collected using a non- equivalent control group design that sorted teachers into two groups based on whether or not they participated in an IEEP seminar. Pre- and post-tests of economics were administered to the students of these teachers in Lithuania, Ukraine, Kyrgyzstan, and Poland. The exploratory results …

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Pay And Productivity In A Corporatist Economy: Evidence From Austria, Scott M. Fuess Jr., Meghan Millea Jan 2001

Pay And Productivity In A Corporatist Economy: Evidence From Austria, Scott M. Fuess Jr., Meghan Millea

Department of Economics: Faculty Publications

Conventional theory predicts that productivity gains lead to hikes in real pay. Efficiency wage theory hypothesizes that pay increases can lead to productivity improvements. But would such results be observed in a corporatist economy with centralized bargaining? For the case of Austria, a corporatist archetype, this study uses an innovative technique developed by Geweke to disentangle the relationship between pay and productivity. There already has been empirical evidence that pay demands in corporatist economies are relatively modest. Moreover, it has been claimed that corporatist coordination enhances the efficiency of labor contracts, by providing a mechanism to adjust to aggregate shocks. …

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Differential Efficiency, Market Structure, And Price, Azzeddine Azzam, David Rosenbaum Jan 2001

Differential Efficiency, Market Structure, And Price, Azzeddine Azzam, David Rosenbaum

Department of Economics: Faculty Publications

A persistent question in industrial economics is the underpinning of the link between market concentration and price. How much of the link can be attributed to market power and how much to market efficiency? This paper develops a theoretical model to address that question. Applied to the US portland cement industry, the model indicates that both impacts matter. In relative terms, however, the market power effect is twice as large as the efficiency effect. An implication for merger policy is that the beneficial efficiency effects of mergers may not be obtained without the detrimental market power effects as well.

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Size Of The Military Sector And Economic Growth: A Panel Data Analysis Of Africa And Latin America, Michael D. Stroup, Jac C. Heckelman Jan 2001

Size Of The Military Sector And Economic Growth: A Panel Data Analysis Of Africa And Latin America, Michael D. Stroup, Jac C. Heckelman

Faculty Publications

We estimate the influence of defense spending and military labor use on economic growth in African and Latin American countries. Our model integrates disparate implications from the defense economics literature into a Barro-style model of economic growth that controls for political and economic institutional variation across countries. Our panel data analysis of 44 countries in Africa and Latin America from 1975 to 1989 also controls for cross-country variation in lost human capital and public sector production inefficiencies. We find empirical evidence that the defense burden on economic growth is non-linear, with low levels of military spending increasing economic growth but …

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Socio-Economic Changes And Modernization In An Age Of Uncertainty: Taiwan In The 1990s And Its Future Challenge, Wen-Hui Tsai Jan 2001

Socio-Economic Changes And Modernization In An Age Of Uncertainty: Taiwan In The 1990s And Its Future Challenge, Wen-Hui Tsai

Maryland Series in Contemporary Asian Studies

No abstract provided.

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Market Structure And Racial Earnings: Evidence From Job Changers, Richard U. Agesa, Jacqueline Agesa, Gary A. Hoover Jan 2001

Market Structure And Racial Earnings: Evidence From Job Changers, Richard U. Agesa, Jacqueline Agesa, Gary A. Hoover

Economics Faculty Research

In his seminal contribution, Gary Becker (1957) suggests that rents in noncompetitive industries provide employers with the latitude to engage in earnings discrimination. Implicit in this theory, is that white workers in noncompet­itive industries would capture a disproportion­ ate share of monopoly rents (excessive wages) relative to their minority counterparts. We utilize wage-change equations to exam­ine earnings shifts for whites and minorities stemming from a job switch to a different mar­ket structure. Additionally for each racial group, wage equations of workers before and after the job change are used to calculate difference­ in-differences estimates of wage change as a result …

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Tax Reform And Automatic Stabilization, Thomas J. Kniesner, James P. Ziliak Jan 2001

Tax Reform And Automatic Stabilization, Thomas J. Kniesner, James P. Ziliak

Economics - All Scholarship

A fundamental property of a progressive income tax is that it provides implicit insurance against shocks to income by dampening the variability of disposable income and consumption. The Economic Recovery Tax Act of 1981 (ERTA) in combination with the Tax Reform Act of 1986 (TRA86) greatly reduced the number of marginal tax brackets and the maximum marginal rate, which limits the stabilizing effect of the tax system on household consumption when pre-tax income fluctuates. We examine the effect of the federal income tax reforms of the 1980s on the associated degree of automatic stabilization of consumption. The empirical framework derives …

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Dirty Money, Gabriele Camera Jan 2001

Dirty Money, Gabriele Camera

Economics Faculty Articles and Research

An inter-governmental body is encouraging the replacement of currency with the objective of discouraging illegal economic activities. This policy is analyzed in a search-theoretic model where individuals choose legal or illegal production, settle trades via monetary or costly intermediated exchange, and where the government imperfectly monitors monetary transactions. Stationary monetary equilibria with both legal and illegal production exist, in which case the over-provision of currency may increment the extent of illegal production. This result holds also in the presence of intermediated exchange of legal goods. Equilibria with differing transaction patterns and degrees of illicit activities coexist.

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How Can I Teach My Children Basics About Money?, Liz Gorham Jan 2001

How Can I Teach My Children Basics About Money?, Liz Gorham

All Archived Publications

No abstract provided.

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