Economics Commons^™

2001-12 Canadian Retirement Savings Programs And Russian Pension Reform, Joel Fried

Department of Economics Research Reports

No abstract provided.

2001-11 Tax Evasion And Trust, Ronald Wintrobe

Department of Economics Research Reports

No abstract provided.

2001-10 Robustness Against Incidental Parameters And Mixing Distributions, Tiemen Woutersen

Department of Economics Research Reports

No abstract provided.

2001-09 The Singularity Of The Efficiency Bound Of The Mixed Proportional Hazard Model, Geert Ridder, Tiemen Woutersen

Department of Economics Research Reports

No abstract provided.

2001-08 Twentieth Century Monetary Regimes In Canadian Perspective, C Knick Harley

Department of Economics Research Reports

No abstract provided.

2001-06 The Role Of The History Of Economic Thought In Modern Macroeconomics, David Laidler

Department of Economics Research Reports

No abstract provided.

2001-07 Bargaining With Interdependent Values, Raymond Deneckere, Meng-Yu Liang

Department of Economics Research Reports

No abstract provided.

Production Networks In An Economically Integrated Region, Sven W. Arndt

CMC Faculty Publications and Research

This article discusses an approach to "open regionalism" based on regional production networks and component specialization. Component specialization, or intra-product trade, has been shown to be welfare-enhancing. It creates jobs and raises output by improving competitiveness. It is one of the innovative features of the current phase of globalization. It offers groups of small countries opportunities to make regionalism work in ways which the traditional European model does not. It is less discriminatory and less inward-looking than the European model. It stresses regulatory reform and the creation of a single market early in the process of regional economic integration. The …

Search, Dealers, And The Terms Of Trade, Gabriele Camera

Economics Faculty Articles and Research

I study a search-theoretic model with pairwise meetings where dealers arise endogenously. The extent of intermediation depends on its cost, trade frictions, and the dealers’ ability to negotiate favorable terms of trade. Under Nash bargaining, there is a unique equilibrium where dealers buy and hold the low-storage-cost good and, depending on their relative bargaining power, resell it at a premium or a discount. The distribution of the terms of trade is non-degenerate unless storage cost and frictions vanish. Due to an externality created by intermediation, the efficient allocation can be achieved only if dealers can charge a positive markup.

No. 01: The South African White Paper On International Migration: An Analysis And Critique, Jonathan Crush, Vincent Williams

Southern African Migration Programme

SAMP commends the South African government and the Department of Home Affairs (DHA) for their ongoing commitment to developing a new immigration and migration policy framework, exemplified most recently by the passage of a new Refugee Act and the gazetting of a Draft White Paper on International Migration (WP).

SAMP notes with encouragement the steps taken in the Draft White Paper to move to a more holistic view of the benefits of sound, effective and transparent immigration management. SAMP is supportive of continued immigration policy transformation and any initiatives that advance this aim.

SAMP possesses the experience and capacity to …

No. 03: Making Up The Numbers: Measuring “Illegal Immigration” To South Africa, Jonathan Crush, Vincent Williams

Southern African Migration Programme

The extent of South Africa’s “illegal immigrant” problem continues to confound. Numbers in the millions continue to be casually thrown around by officials, politicians, and the local and foreign press. The study on which these millionaire estimates are based has been widely discredited. But those who are critical of the study and skeptical of the inflated numbers are unable to come up with alternative numbers. Their response is usually that the extent of undocumented migration is, by definition, unknowable. True as it might be, this response unfortunately does not help very much. In this paper, the author attempts to break …

No. 05: Counting Brains: Measuring Emigration From South Africa, Jonathan Crush, Vincent Williams

Southern African Migration Programme

Official South African statistics on the magnitude of emigration from the country seriously undercount. In this paper, the authors have devised an innovative methodology which reveals the extent of the undercount but also provides important insights into the volume and sectoral distribution of emigrants. One of the common strategies suggested for countering some of the negative consequences of “brain drain” is the mobilization of diaspora networks. The paper provides an introduction to one such network, the SANSA project. The paper was written by Mercy Brown, David Kaplan and Jean-Baptiste Meyer of the Development Policy Research Unit of the University of …

No. 06: The Point Of No Return: Evaluating The Amnesty For Mozambican Refugees In South Africa, Jonathan Crush, Vincent Williams

Southern African Migration Programme

In the 1980s, civil war in Mozambique forced hundreds of thousands of people to flee their homes and seek refuge in neighbouring countries, including South Africa. Formal refugee status was granted only after the civil war ended, with the signing in October 1992 of a Tripartite Agreement between Mozambique, South Africa and the United Nations High Commissioner for Refugees (UNHCR). The majority of these former Mozambican refugees clearly wish to remain in South Africa, as few took advantage of a UNHCR offer of free repatriation to Mozambique in the early 1990s. In 2000, an estimated 200-220 000 former Mozambican refugees …

No. 22: Immigration, Xenophobia And Human Rights In South Africa, Jonathan Crush

Southern African Migration Programme

In 2000, the Southern African Migration Project (SAMP) entered into a partnership with the Roll Back Xenophobia Campaign of the South African Human Rights Commission. The two cooperated in offering a series of country-wide training workshops for media and journalists at which the results of SAMP research into media xenophobia was presented and discussed. This publication is the second product of that partnership. The paper sets out to critically review and examine the evidence for the argument that xenophobia is widespread and growing in South Africa. While it is important to document the scale of the problem and the enormity …

No Easy Walk: Advancing Refugee Protection In South Africa, Jeff Handmaker

Southern African Migration Programme

South Africa only began accepting individual applications for political asylum in 1994. A policy designed to recognize former Mozambican refugees for the purposes of a repatriation program became the (awkward) basis of the asylum procedure up until April 2000. Criticized by some, a lively discussion raising often-contradictory views began in 1996, leading to a policy reform process culminating in the Refugees Act in December 1998. The Act only came into force at the beginning of April 2000. This article analyzes the process of policy development in South Africa, focusing on practical and theoretical challenges facing the government in the implementation …

Misery And Militarization: High Military Expenditure And Minimal Development In India, Michelle L. Stone '01

Honors Projects

Considering its large and consistent allocations to defense over time, India has been noted to be a predominant military power in Asia. Concurrently, India can not claim to have reached notable levels of economic and social development. Minimal levels of development thwarts the ability of the population to attain basic needs such as food, health care, and education. Therefore, by examining economic and social variables over the 1974 to 1995 period within a recursive model, this paper determines that, in India, while economic development is not affected by military spending, social development is negatively affected by military spending. Moreover, the …

2001 American Incentive System Almanac, Don P. Diffine Ph.D.

Belden Center Monographs

No abstract provided.

Are There Rational Bubbles In The Us Stock Market? Overview And A New Test, A. (Tassos) G. Malliaris, Ramaprasad Bhar

School of Business: Faculty Publications and Other Works

A speculative bubble is usually defined as the difference between the market value of a security and its fundamental value. Although there are several important theoretical issues surrounding the topic of asset bubbles, the existence of bubbles is inherently an empirical issue that has not been settled yet. This paper reviews several important tests and offers one more methodology that improves upon the existing ones. The new test is applied to the annual US stock market data spanning over a century and at the monthly frequency covering the post-war period. Although we find evidence of stock price bubble in both …

Towards An Understanding Of Types Of Public-Private Cooperation, Peter V. Schaeffer, Scott Loveridge

Regional Research Institute Working Papers

Governments frequently join forces with private organizations. The focus of this article is on characteristics of sustained cooperative efforts that require a significant commitment of resources over an extended period. The authors observe that cooperators’ expected rewards and risks may influence the form voluntary cooperation will take. This article classifies public-private cooperation into four common forms and provides a conceptual framework for better understanding why cooperators choose a particular form of cooperation.

Part 1: Economic Performance And Per Capita Income: The Inside Story, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

It’s true the region’s per capita income trails national averages, but much of the gap between Hampton Roads and the nation disappears when cost of living differentials are taken into account. Further, the region’s per capita income gap may not be due so much to lagging wage rates, but rather to much lower levels of business income and wealth for Hampton Roads as compared to other regions.

Front Matter: The State Of The Region: Hampton Roads 2001, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

Cover, front matter, table of contents, and other materials for the 2001 The State of the Region report authored by the Regional Studies Institute at Old Dominion University

Part 2: Major League Sports Teams: A Pipe Dream?, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

There is remarkably little economic evidence in favor of major league sports franchises, even in cities such as Baltimore. Cities and regions that subsidize major league sports teams nearly always find it a losing proposition. If a region, such as Hampton Roads, attempts to attract a major league sports team, then it should do so for reasons of pride and identification rather than economics.

Part 3: The Decline Of Coal And The Rise Of Deep-Draft Ships: The Future Of The Port, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

Since the early 1990s, the Port has stagnated in terms of the volume of the cargo it handles. This is due almost solely to a decline in bulk cargo (mostly coal). Nonetheless, the Port continues to provide major a economic impetus to the region because it has become much more efficient and competitive over the past decade.

Part 5: Population And Politics: Virginia Legislative Redistricting And The Decline Of Political Power, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

The region’s political power in the Commonwealth has fallen precipitously over the past decade. The recent legislative redistricting process reduced the number of Hampton Roads delegates and sena-tors by about 15 percent, and the region has lost nearly all of its most senior and powerful legislators. We are at a low ebb in terms of political clout in Richmond, but brighter times may be on the horizon.

Part 6: Regionalism And The Dillon Rule: An Interpretive Essay, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

While the Dillon Rule does not explicitly appear in many Virginia statutes, it is the accepted legal and legislative standard in Virginia. In essence, it says no city, town, county or region may exercise any power not explicitly granted it by the General Assembly. We argue that the Dillon Rule, while not without points in its favor, has outlived its usefulness.

Part 4: Seeing Things Through Different Lenses: The Opinions Of Blacks And Whites, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

This year’s Report surveyed more than 1,100 Hampton Roads residents, about half of whom were African American. African Americans see several issues differently than other citizens do. Notably, they have a different perspective on the role and effectiveness of the policy of affirmative action. African Americans also are much more likely to vote Democratic and attend church than the region’s other citizens. This is the first significant public-opinion poll ever taken of African Americans in Hampton Roads.

Part 7: Banking In Hampton Roads, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

The economic impact of the disappearance of the headquarters of large banks from the region, and from Virginia, has been quite negative. In this chapter we contrast Virginia and Hampton Roads to North Carolina, and demonstrate that the wave of banking mergers and consolidations that occurred over the past two decades, but particularly in the 1990s, has not been good for Hampton Roads.

Part 8: A Look At The Alternative: Private And Independent K-12 Schools, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

Here we examine the nature of private and independent K-12 education in Hampton Roads. There is great diversity in private education in the region. Private institutions typically have lower average class sizes, but have fewer computers and offer lower teacher salaries than do public K-12 schools.

The Measurement Of Inequality, Concentration, And Diversification., Fred Foldvary

Faculty Publications

The Lorenz curve and Gini coefficient are typically used to measure inequality. A different way to measure inequality is introduced here: I = CN, the product of concentration and number of units. The resultant index can be interpreted with reference to an inequality base where one unit owns all and the rest nothing. This inequality index also integrates the measurement of inequality, concentration, and diversification into one system, where diversification is measured as the inverse of concentration. I = CN accommodates various measures of concentration, including the Herfindahl-Hirschman and Tideman-Hall indexes. The Tideman-Hall concentration index also provides indexes of concentration, …

Macro Sam, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. (1998, December 5). Ex ante sources and uses, balance sheet identity, and business [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (1993, August 20). Rational exp, capacity utilization & the theory of the firm [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (n.d.). Clower, Leijonhufvud, market equilibrium, and the Keynesian system [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (n.d.). Mathematical notes on utility and leisure [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (1997, December 4). Notes on rpc: Keynes, atomistic competition, and labor supply curves [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (1997, November 21 & …