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2003

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Full-Text Articles in Economics

New Mexico Labor Market Review 12-31-2003, New Mexico Department Of Labor Dec 2003

New Mexico Labor Market Review 12-31-2003, New Mexico Department Of Labor

Historic Publications

This issue of the New Mexico Labor Market Review presents November 2003 employment, unemployment, wage, and economic activity data for New Mexico, its counties, and metropolitan areas.


A Comparative Study Of Import Transit Corridors Of Landlocked Countries In West Africa, Michael Achagwe Luguje Dec 2003

A Comparative Study Of Import Transit Corridors Of Landlocked Countries In West Africa, Michael Achagwe Luguje

World Maritime University Dissertations

No abstract provided.


The Logistics Potential Of The Aqaba Special Economic Zone As A Regional Gateway, Sufian Atalah Al-Muhaisen Dec 2003

The Logistics Potential Of The Aqaba Special Economic Zone As A Regional Gateway, Sufian Atalah Al-Muhaisen

World Maritime University Dissertations

No abstract provided.


Legislative-Executive Relations And The Budgetary Process In Nigeria: An Evaluation Of The 1999 Constitution., S.C. Rapu Dec 2003

Legislative-Executive Relations And The Budgetary Process In Nigeria: An Evaluation Of The 1999 Constitution., S.C. Rapu

CBN Occasional Papers

Since the transition to civilian rule in May 29, 1999, the country has witnessed conflicts between the legislature and the executive over budget matters. These conflicts are not only restricted to the federal level but also a common phenomenon at the state government level. This paper discussed the poor relationship over the budget matters and made suggestions on how to improve the process. The paper surveyed the literature on the legal framework of the budgetary process in several countries. Thereafter, the paper examined the legal framework for the budgetary process in Nigeria as well as the issues involved. The paper …


"Where Did You Go To Law School?" Gatekeeping For The Professoriate And Its Implications For Legal Education, Richard E. Redding Dec 2003

"Where Did You Go To Law School?" Gatekeeping For The Professoriate And Its Implications For Legal Education, Richard E. Redding

Journal of Legal Education

No abstract provided.


The Agricultural Leases Of Choice In South Dakota, John Cole, Larry Janssen Dec 2003

The Agricultural Leases Of Choice In South Dakota, John Cole, Larry Janssen

Economics Commentator (1972- 2016)

No abstract provided.


Lessons For Poverty Reduction: The Experience Of Aga Khan Rural Support Programme, Ishrat Husain Dr. Dec 2003

Lessons For Poverty Reduction: The Experience Of Aga Khan Rural Support Programme, Ishrat Husain Dr.

Faculty Research - Talks, Speeches, & Discourse

I am grateful to the organizers of this Conference for providing me the opportunity to address this august gathering of scholars, practioners, donors, public and civil society institutions and ultimate beneficiaries of rural development policy and progammes, not only in Pakistan, but also from our neighbouring countries in South, West and Central Asia. I have had the pleasure of keeping in touch with the AKRSP since its inception through my senior colleague and teacher, Mr. Shoaib Sultan Khan. His commitment, sense of dedication and sincerity have turned this small experiment into an international success story. In my previous incarnation as …


Accountability: Gpra, Part & Owcp, H. Allan Hunt Dec 2003

Accountability: Gpra, Part & Owcp, H. Allan Hunt

Conference Papers

No abstract provided.


Banking Sector: Developments, Challenges, And Opportunities, Ishrat Husain Dr. Dec 2003

Banking Sector: Developments, Challenges, And Opportunities, Ishrat Husain Dr.

Faculty Research - Talks, Speeches, & Discourse

Pakistan’s banking sector like many other developing countries had been faced with several problems and difficulties such as: (1) Most of the financial assets and deposits were owned by nationalized commercial banks (NCBs) which suffered from a highly bureaucratic approach, overstaffing, unprofitable branches and poor customer service. (2) NCBs along with specialized banks such as ADBP, IDBP and Development financial institutions such as NDFC had a high ratio of non-performing loans. (3) Banking industry faced a high tax rate, which affected its profitability and attractiveness for new entrants. (4) There was a proliferation of banks and some of them were …


Farm Sector Recovery Following The 2002 Drought, Matthew A. Diersen Dec 2003

Farm Sector Recovery Following The 2002 Drought, Matthew A. Diersen

Economics Commentator (1972- 2016)

No abstract provided.


Improving Economic Literacy: The Role Of Concurrent Enrollment Programs, Donald H. Dutowsky, Jerry M. Evensky, Gerald S. Edmonds Dec 2003

Improving Economic Literacy: The Role Of Concurrent Enrollment Programs, Donald H. Dutowsky, Jerry M. Evensky, Gerald S. Edmonds

Economics - All Scholarship

This paper introduces Concurrent Enrollment Programs (CEPs), within the context of Syracuse University Project Advance (PA) Economics, as a way to improve economic literacy. We describe measures implemented to operate PA Economics as a high-quality CEP, as well as the National Alliance of Concurrent Education Partnerships to establish national standards. This study also contains results from administering to high school students taking PA Economics the nationally normed Test of Economic Literacy (TEL). PA students average nearly one percentage point higher than the AP/Honors Economics Group, and score considerably better than AP/Honors Economics in fundamentals and international economics. By cognitive level, …


Measurement Of The Ocean And Coastal Economy: Theory And Methods, Charles S. Colgan Dec 2003

Measurement Of The Ocean And Coastal Economy: Theory And Methods, Charles S. Colgan

Publications

This paper supplements reports and data released on the coastal and ocean economy of the United States by the National Ocean Economics Project. It provides a discussion of the relevant literature involved in the investigation of the ocean and coastal related economy, the theoretical background of measures such as gross domestic and gross state product, and provides details on sources, methods, assumptions, and limitations of the data provided by NOEP.


Love At What Price? Estimating The Value Of Marriage, Michael Conlin, Stacy A. Dickert-Conlin, Elyse Whitney Dec 2003

Love At What Price? Estimating The Value Of Marriage, Michael Conlin, Stacy A. Dickert-Conlin, Elyse Whitney

Economics - All Scholarship

Using a law within Social Security that provides clear financial incentives to delay marriage, we estimate the financial value of a month of marriage. Specifically, the law provides that widows who are eligible for Social Security benefits on their deceased spouse's earnings records are eligible for benefits at age 60, unless they remarry before that age. If they remarry before that age, they cannot claim widow benefits and must wait until at least age 62 to claim spousal benefits on their new husband's record, which are typically less generous than widow benefits. To generate an estimate of what this behavior …


Maine Food Trader, New England Environmental Finance Center, University Of Southern Maine Dec 2003

Maine Food Trader, New England Environmental Finance Center, University Of Southern Maine

Local Food Systems

A free website for buying, selling, trading and donating local food. Keep food from going to waste and help make food production a good way to make a living in Maine.


Payoff Continuity In Incomplete Information Games: A Comment, Casey G. Rothschild Dec 2003

Payoff Continuity In Incomplete Information Games: A Comment, Casey G. Rothschild

Economics Faculty Scholarship

Kajii and Morris (J. Econ. Theory 1998, 267-276) provide necessary and sufficient conditions for two priors to be strategically close. The restrictiveness of these con- ditions establishes that strategic behavior can be highly sensitive to the assumed prior. Their results thus recommend care in the use of priors in economic modelling. Unfortunately, their proof of a central proposition fails for zero probability types. This comment corrects their proof to account for these cases.


Rhode Island Current Conditions Index -- December 2003, Leonard Lardaro Dec 2003

Rhode Island Current Conditions Index -- December 2003, Leonard Lardaro

The Rhode Island Current Conditions Index

No abstract provided.


Implications Of Financial Innovations For The Poorest Of The Poor In The Rural Area: Experience From Northern Bangladesh, Mohammed Emrul Hasan Dec 2003

Implications Of Financial Innovations For The Poorest Of The Poor In The Rural Area: Experience From Northern Bangladesh, Mohammed Emrul Hasan

Journal of Microfinance / ESR Review

Providing microfinance to the poorest of the poor in rural areas remains a challenge. Grameen demonstrated that the poor are viable clients for loans and reached them on a massive scale. However, they reach only the upper level of the poor and provide narrow and limited financial services with rigid systems and procedures, which in many ways do not address the needs of the poorest. Despite earning signs of success with their SafeSave innovative approach to serving the poorest in the urban area, this rural adaptation and experiment has faced challenges because of the different social and economical structures of …


A Challenge To The Orthodoxy Concerning Microfinance And Poverty Reduction, Ana Marr Dec 2003

A Challenge To The Orthodoxy Concerning Microfinance And Poverty Reduction, Ana Marr

Journal of Microfinance / ESR Review

As a response to many partial and simplistic theoretical and empirical studies, this paper presents a more comprehensive analytical framework to assess the success of microfinance in achieving its dual objectives of financial sustainability and poverty reduction. By giving center stage to the study of group dynamics and using principles of imperfect information and social psychology, the paper argues that microfinance not only has failed to solve the original problems of information asymmetries between borrowers and lenders but also, in its pursuit of financial sustainability, is destroying the very foundations of these schemes by disrupting the social fabric of communities, …


Attitudes Of Rural Branch Manages In Madhya Pradesh, India, Toward Their Role As Providers Of Financial Services To The Poor, Howard Jones, Marylin Williams, Yashwant Thorat, Abba Thorat Dec 2003

Attitudes Of Rural Branch Manages In Madhya Pradesh, India, Toward Their Role As Providers Of Financial Services To The Poor, Howard Jones, Marylin Williams, Yashwant Thorat, Abba Thorat

Journal of Microfinance / ESR Review

Discussions on banking reforms to reduce financial exclusion have referred little to possible attitudinal constraints, on the part of staff at both branch and institutional levels, inhibiting the provision of financial services to the poor. The research project, funded by the ESCOR (now Social Science Research) Small Grants Committee, has focused on this aspect of financial exclusion. The research commenced in May 2001 and was completed in April 2002. Profiles of the rural bank branch managers, including personal background, professional background and workplace, are presented. Attitudes of managers toward aspects of their work environment and the rural poor are examined, …


Beyond Micro-Credit: Putting Development Back Into Micro-Finance By Thomas Fisher And M. S. Sriram, James R. Bradshaw Dec 2003

Beyond Micro-Credit: Putting Development Back Into Micro-Finance By Thomas Fisher And M. S. Sriram, James R. Bradshaw

Journal of Microfinance / ESR Review

No abstract provided.


Balancing Supply And Demand: The Emerging Agenda For Microfinance Institutions, Thankom Arun, David Hulme Dec 2003

Balancing Supply And Demand: The Emerging Agenda For Microfinance Institutions, Thankom Arun, David Hulme

Journal of Microfinance / ESR Review

No abstract provided.


Front Matter, Journal Of Microfinance Dec 2003

Front Matter, Journal Of Microfinance

Journal of Microfinance / ESR Review

No abstract provided.


Announcements, Journal Of Microfinance Dec 2003

Announcements, Journal Of Microfinance

Journal of Microfinance / ESR Review

No abstract provided.


Money Talks: Conversations With Poor Households In Bangladesh About Managing Money, Stuart Rutherford Dec 2003

Money Talks: Conversations With Poor Households In Bangladesh About Managing Money, Stuart Rutherford

Journal of Microfinance / ESR Review

This paper describes the money management behavior of 42 low-income Bangladeshi households, half of them rural and half living in urban slums. They were found to be active managers of their financial resources. Thirty-three varieties of financial instrument were found to be in use by the sample households during the research year. As well as using a wide variety of instruments, most households engaged in multiple uses of the instruments: on average each household initiated a new money management arrangement every two weeks. The sums of money involved are large, both absolutely and relative to incomes. The average “turnover” (the …


Vol. 05 No. 2 Journal Of Microfinance, Journal Of Microfinance Dec 2003

Vol. 05 No. 2 Journal Of Microfinance, Journal Of Microfinance

Journal of Microfinance / ESR Review

No abstract provided.


The Economic Incidence Of Smoking Laws, John Dunham, Michael L. Marlow Dec 2003

The Economic Incidence Of Smoking Laws, John Dunham, Michael L. Marlow

Economics

Although laws restricting smoking in restaurants are becoming commonplace, most research has focused on either the health benefits that laws may provide customers and workers or whether laws harm owners. But while smoking laws may directly alter profits, owners may alter prices, output, and other business attributes in ways that affect the welfare of customers and workers. This study examines whether restaurant and bar owners alter prices, entertainment, hours of operation and other business attributes in response to local smoking laws. Substantial support is found for these attribute changes in the Wisconsin hospitality industry. One implication is that an overall …


Review: Liah Greenfeld, The Spirit Of Capitalism: Nationalism And Economic Growth (Cambridge, Mass., 2001), Andre Wakefield Dec 2003

Review: Liah Greenfeld, The Spirit Of Capitalism: Nationalism And Economic Growth (Cambridge, Mass., 2001), Andre Wakefield

Pitzer Faculty Publications and Research

Reviewed work: Liah Greenfeld. The Spirit of Capitalism: Nationalism and Economic Growth. Cambridge, Mass.: Harvard University Press, 2001. Pp. xi+541. $45.00


Absenteeism, Substitutes, Complements, And The Banzhaf Index, Thomas Quint Dec 2003

Absenteeism, Substitutes, Complements, And The Banzhaf Index, Thomas Quint

Cowles Foundation Discussion Papers

We consider the voting-with-absenteeism game of Quint-Shubik (2003). In that paper we defined a power index for such games, called the absentee index. Our analysis was based on the theory of the Shapley-Shubik power index (SSPI) for simple games. In this paper we do an analogous analysis, based on the Banzhaf index instead of the SSPI. The result is a new index, called the absentee Banzhaf index. We provide an axiomatization and multilinear extension formula for this index. Finally, we re-explore Myerson’s (1977, 1980) “balanced contributions” property, and the concept of substitutes and complements for simple games (Quint-Shubik 2003), again …


Dollar Denominated Debt And Optimal Security Design, John Geanakoplos, Felix Kubler Dec 2003

Dollar Denominated Debt And Optimal Security Design, John Geanakoplos, Felix Kubler

Cowles Foundation Discussion Papers

During a crisis, developing countries regret having issued dollar denominated debt because they have to pay more when they have less. Ex ante, however, they may be worse off issuing local currency debt because the equilibrium interest rate might rise, making it more expensive for them to borrow. Many authors have assumed that lenders and borrowers have contrary goals, and that local currency (peso) debt is better for the borrower (Bolivia), and dollar debt is better for the lender (America). We show that if each country is represented by a single consumer with quadratic utilities, in perfect competition, then both …


Absenteeism, Substitutes, And Complements In Simple Games, Thomas Quint, Martin Shubik Dec 2003

Absenteeism, Substitutes, And Complements In Simple Games, Thomas Quint, Martin Shubik

Cowles Foundation Discussion Papers

A voting with absenteeism game is defined as a pair (G;r) where G is an n-player (monotonic) simple game and r is an n-vector for which r i is the probability that player i attends a vote. We define a power index for such games, called the absentee index. We axiomatize the absentee index and provide a multilinear extension formula for it. Using this analysis we re-derive Myerson’s (1977, 1980) “balanced contributions” property for the Shapley-Shubik power index. In fact, we derive a formula which quantitatively gives the amount of the ‘balanced contributions” in terms of the coefficients of the …