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Book Chapter 1 - Introduction, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes,

• Draft introduction to a book on order and disorder in capitalist economies. Shaikh, A., PhD. (n.d.). Typed manuscript draft with extensive handwritten annotations discussing order, disorder, and structural dynamics in capitalist economies. Unpublished manuscript.

• Notes for a book introduction on the “lumpiness of things” in classical political economy. Shaikh, A., PhD. (2003, January 10). Handwritten notes developing “lumpiness” as a central theme in classical argumentation. Unpublished manuscript.

• Preliminary topic list for a book on expectations, demand, and profitability. Shaikh, A., PhD. (n.d.). Handwritten notes outlining proposed chapters and themes, including expectations, …

Globalism, Human Rights And The Problem Of Individualism, Richard Mcintyre

Human Rights & Human Welfare

A review of:

Global Economy, Global Justice: Theoretical Objections and Policy Alternatives to Neoliberalism by George F.DeMartino. New York: Routledge, 2000. 296pp.

Can World Poverty Be Eliminated?, William F. Felice

Human Rights & Human Welfare

A review of:

World Poverty: New Policies to Defeat an Old Enemy edited by Peter Townsend and David Gordon. Bristol: The Policy Press, 2002. 454pp.

and

World Poverty and Human Rights: Cosmopolitan Responsibilities and Reforms by Thomas Pogge. Malden, MA: Blackwell/Polity, 2002. 264pp.

and

There is an Alternative: Subsistence and Worldwide Resistance to Corporate Globalization edited by Veronica Benholdt-Thomsen, Nicholas Faraclas, and Claudia von Werlhof. New York: Zed Books. 2001. 288pp.

Dampak Desentralisasi Fiskal Terhadap Perekonomian Antar Daerah: Analisa Model Irio, Nurkholis Nurkholis, Bambang P. S. Brodjonegoro

Jurnal Ekonomi dan Pembangunan Indonesia

Regional autonomy program is the fonn of fiscal decentralization policy in Indonesia, legally started with the Jaw of Regional Government No.2211999 about de-concentration azas, which imply power or authority sharing and No.25/1999 about decentralization, which imply financial sharing between central and regional government. Financial sharing is tax and natural resources sharing revenue. This financial sharing type can widen fiscal gap between regions. As the solution, the central government gives block grants.

Interregional Input-Output (IRIO) model can be used to analyze the impact of fiscal decentralization policy on sectoral and regional linkages, multipliers, growth, equalization, and efficiency of the regional economy. …

Office Workers' Productivity Enhanced By Ergonomics, Kelly Derango

Employment Research Newsletter

No abstract provided.

The Puzzle Of Ex Ante Efficiency: Does Rational Approvability Have Moral Weight?, Matthew D. Adler

Faculty Scholarship

A governmental decision is "ex ante efficient" if it maximizes the satisfaction of everyone's preferences ex ante, relative to other possible decisions. Equivalently, each affected person would be rational to approve the decision, given her preferences and beliefs at the time of the choice. Does this matter, morally speaking? Do governmental officials - legislators, judges, regulators - have a moral reason to make decisions that are ex ante efficient? The economist's answer is "yes." "Ex ante efficiency" is widely seen by welfare economists to have moral significance, and often appears within law-and-economics scholarship as a criterion for evaluating legal doctrines. …

New Mexico Labor Market Review 01-01-2003, New Mexico Department Of Labor

Historic Publications

The New Mexico Labor Market Review is a monthly publication presenting statistical data and analysis on labor market conditions throughout New Mexico. Issues examine statewide and regional trends in employment, unemployment, labor force estimates, industry activity, wages, occupational demand, and related economic conditions, often accompanied by feature articles on topics affecting the state’s economy. This issue covers November 2002.

Data Users Conference_2000-2005, University Of New Mexico Bureau Of Business And Economic Research, New Mexico Economic Development Department

Historic Publications

DATA USERS CONFERENCE.

Beyond Balancing The Interests Of Creditors And Developing States, Anna Gelpern

Georgetown Law Faculty Publications and Other Works

The traditional view of sovereign debt as a relationship between a developing country government and and its foreign private creditors is increasingly out of date. Financial institutions and individuals inside the borrowing countries are are becoming more and more important as creditors to their governments. At the same time, as countries remove restrictions on cross-border capital flows, foreign creditors are participating more actively in domestic law, local-currency debt markets. These developments imply fundamental changes in lending decisions and, where the loan goes bad, in the sovereign debt workout process.

Marginal Income Tax Rates And The U.K. Economy: Three Essays, Eon-Seon Rym

LSU Doctoral Dissertations

This dissertation investigates the role of fiscal policy on economic activity by analyzing the response of major macroeconomic variables to innovations to the average marginal income tax rate (AMTR) measures in the U.K. by employing vector autoregressive (VAR) models. We identify these innovations by making certain assumptions about fiscal policy and then analyze the dynamic behavior of output, the interest rate, the exchange rate, and the trade balance in response to an increase in AMTR by studying the impulse response functions (IRFs) derived from the VAR and structural VAR (SVAR) approaches. The first essay focuses upon the calculation of the …

An Empirical Investigation Of Tax Policy In G-7 Countries, Kerim Peren Arin

LSU Doctoral Dissertations

This dissertation consists of three essays on the effects of fiscal policy on the economic activity. The first and second chapters investigate the response of major macroeconomic variables to four different types of tax policy innovations within a VAR framework using contemporaneous restrictions and long-run restrictions, respectively. Although G-7 countries seem to react differently to tax policy innovations, we do not find any evidence for the existence of negative corporate tax multipliers (for output) or positive income tax multipliers (for output) with both identification schemes. The cross-country variation in the signs of indirect tax is considerably higher. The effects of …

The Role Of Temporary Agency Employment In Tight Labor Markets, Susan N. Houseman, Arne L. Kalleberg, George A. Erickcek

Upjohn Institute Working Papers

This paper examines the reasons why employers used and even increased their use of temporary help agencies during the tight labor markets of the 1990s. Based on case study evidence from the hospital and auto supply industries, we evaluate various hypotheses for this phenomenon. In high-skilled occupations, our results are consistent with the view that employers paid substantially more to agency help to avoid raising wages for their regular workers and to fill vacancies while they recruited workers for permanent positions. In low-skilled occupations, our evidence suggests that temporary help agencies facilitated the use of more "risky" workers by lowering …

External Debt And Worsening Business Cycles In Less Developed Countries, Hing-Man Leung

Research Collection School Of Economics

Less developed countries (LDCs) have seen considerable business cycles in recent decades. At the same time they have significantly increased their external-debt-to-GDP ratios. It seems natural to suspect that increased indebtedness and the amplified cycles are linked. The paper presents a simple macroeconomic model to formalize this connection. External debt is the novelty of this model. The paper's main contribution is to calibrate the dynamic parameter using the World Development Indicator. It is found that the LDC dynamic behavior is generally non-oscillatory. Alarmingly though, the dynamic convergent system in the 1970s has been replaced by one of divergence.

Strategic Development Of Airport And Rail Infrastructure: The Case Of Singapore, Sock-Yong Phang

Research Collection School Of Economics

This article recounts how a number of strategic infrastructure investment decisions in airport and rail development taken by the Singapore government were at variance with recommendations emerging from cost-benefit analysis, but were considered necessary to support external competitiveness. This link between infrastructure provision and economic development may require decision makers to assess the trade-off between prudent macro-economic planning and efficient micro-economic management for major projects. In the case of airport hubs, the most difficult assessment might be the game consideration of how much, and how far ahead, excess capacity is needed to ensure the dominance of the hub.

Low-Wage Employment Subsidies In A Labor-Turnover Model Of The `Natural Rate, Hian Teck Hoon, Edmund S. Phelps

Research Collection School Of Economics

No abstract provided.

Education, Technological Progress And Economic Growth, Winston T. H. Koh, Hing-Man Leung

Research Collection School Of Economics

An important role of education – and the resultant accumulation of human capital – for a less-developed economy is to facilitate technology diffusion in order for it to catch up with developed economies. This paper presents a model linking education, the accumulation of physical capital and technological progress. In the model, investment in education and the accumulation of physical capital are complementary, and intertwine with the technology progress through related effects on technology diffusion and the expansion of the technology frontier. The allocation of effort to education, the optimal savings rate and the technology gap are endogenously determined in the …

Competitiveness And Price Convergence On The Internet: Evidence From The Online Dvd Market, Xiaolin Xing, Fang Fang Tang, Zhenlin Yang

Research Collection School Of Economics

We compare the pricing behavior between online branches of traditional retailers (MCR) and pure Internet retailers (Dotcom) in the DVD market. Based on a set of panel data from July 5, 2000 to June 11, 2001, we find that the average price of the MCRs is about 11.2% higher than that of the Dotcoms. Further statistical analyses on the market dynamics of price trends show that the prices of the Dotcoms went up with time much faster than the prices of the MCRs, which points to a possibility that eventually both types of retailers may charge similar prices on average. …

Incentive Compatibility In Multi-Unit Auctions, Sushil Bikhchandani, Shurojit Chatterji, Arunava Sen

Research Collection School Of Economics

We characterize incentive compatibility in multi-unit auctions with multi-dimensional types. An allocation mechanism is incentive compatible if and only if it is nondecreasing in marginal utilities (NDMU). The notion of incentive compatibility we adopt is dominant strategy in private value models and ex post incentive compatibility in models with interdependent values. NDMU is the following requirement: if changing one buyer’s type, while keeping everyone else’s types the same, changes this buyer’s allocation then the new allocation must be relatively more attractive (or relatively less unattractive) to this buyer. We also establish a price characterization of incentive compatible mechanisms.

Exclusion Bias In Sample-Selection Model Estimators, Myoung-Jae Lee

Research Collection School Of Economics

Exclusion restrictions are routinely used in sample-selection models with selection and outcome equations. A false restriction, however, can cause an exclusion bias for the outcome equation estimator. In this paper, the specific form of the exclusion bias is derived for various sample-selection model estimators. Furthermore, it is shown that the outcome equation parameters for regressors with zero coefficients in the selection equation are immune to exclusion bias if only one regressor is excluded. Exclusion bias, or a lack thereof, is verified through a simulation study with the regressors taken from Mroz (1987). JEL Classification Numbers: C24, C34. [ABSTRACT FROM AUTHOR]

The Elasticity Of Substitution And Endogenous Growth, Hing-Man Leung

Research Collection School Of Economics

The endogenous growth literature focuses exclusively on Cobb-Douglas. Elasticities other than unity are ignored. A recent paper by Klump and Grandville (2000) examined other elasticities but assumed an exogenous saving rate. By contrast, this paper studies elasticity and endogenous growth. Endogeneity is important since elasticity preserves capital’s productivity and encourages saving. Two models are presented. The first assumes exogenous technological change. We find elasticity to have a positive level effect on income. No rate of growth effect is found. The second model allows learning by doing from capital accumulation. In addition to the level effect, rate of growth effects are …

Effects Of Electronic Trading On The Hang Seng Index Futures Market, Joseph Fung, Donald Lien, Yiuman Tse, Yiu Kuen Tse

Research Collection School Of Economics

This paper investigates the effects of the migration of the Hang Seng Index futures from open-outcry trading to electronic trading. Using trade data over a window of six months we find evidence that, after the migration, the bid-ask spread of the futures contract decreases and the contribution of the futures price in information transmission increases. Furthermore, the asymmetry in volatility spillover reduces and the open interests of the futures market become smaller. These results suggest that the anonymity in trading and the higher speed of order execution in the electronic trading system attract informed traders to the futures market and …

Emotion And Financial Markets, Lucy F. Ackert, Bryan K. Church, Richard Deaves

Faculty Articles

No abstract provided.

A Q-Methodology Evaluation Of Visions Of Sustainable Development, Graham C. Marshall

Theses: Doctorates and Masters

The concept of the “triple bottom line” has recently become central to sustainable development (SD) and it emerged to be internationally regarded as integrating economic, environmental and social considerations into planning for the future. While numerous authors have contended that successful delivery of SD required a consensus and shared vision about implementation, objectives, and outcomes, others have argued that the lack of consensus about SD is not necessarily problematical. Whether or not a consensus is required for the successful deployment of SD is debatable, but that pluralities of views about SD exist is now widely acknowledged. Involved In the contestation …

A Mathematical Analysis Of The Financial And Medical Impact Of Hepatitis C Among Drug Users In Perth, Western Australia, Raelene Kirkpatrick

Theses: Doctorates and Masters

The ability of public health planners continues to be hampered by uncertainties encountered with transmissible diseases. Key epidemiological factors such as, how many Western Australian injecting drug users are hepatitis C seropositive or will become infected, duration of intravenous drug use, the intensity of infection, the fraction of those infected that will develop end-stage disease and after how long a period, all combine to limit the ability of a mathematical model to predict future trends. These models can, however, provide information about certain epidemiological parameters and identify data required to predict future trends. They can be applied to make predictions …

Empirical Analysis Of Economic Growth, Winford Henderson Masanjala

LSU Doctoral Dissertations

International evidence on growth rates in per capita incomes reveals persistent differences in development patterns among nations, and shows that the world distribution of per capita income is multi-modal with several basins of attraction. This dissertation investigates the factors underlying these international variations in both the level and rate of growth of per capita incomes. The first essay examines whether nonlinearities in the aggregate production function can explain parameter heterogeneity in the Solow (1956) growth regressions. The choice of and alternative specification of the production function is justified by showing that cross-country level regressions are more consistent with the more …

Of Legal Transplants, Legal Irritants, And Economic Development, Katharina Pistor, Daniel Berkowitz

Faculty Scholarship

The collapse of the socialist system has given way to unprecedented economic and legal reforms in the former socialist countries. Over the past decade they have enacted new legislation in all areas of the law, drawing heavily on legal models from developed market economies, including common law and civil law countries. While the transplanted laws now on the books is largely consistent with Western practice, the enforcement of these new laws is often ineffective (Berkowitz, Pistor, and Richard, 2003).

What Caused Enron? A Capsule Social And Economic History Of The 1990s, John C. Coffee Jr.

Faculty Scholarship

The sudden explosion of corporate accounting scandals and related financial irregularities that burst over the financial markets between late 2001 and the first half of 2002 e.g., Enron, WorldCom, Tyco, Adelphia, and others-raises an obvious question: why now? What explains the sudden concentration of financial scandals at this moment in time? Much commentary has rounded up the usual suspects and blamed the scandals on a decline in business morality, “infectious greed,” and similar subjective trends that cannot be reliably measured.

Southwest Center For Research On Poverty_1920, University Of New Mexico Bureau Of Business And Economic Research, Southwest Hispanic Research Institute

BBER Publications

This report narrative outlines the creation of the Southwest Center for Research on Poverty (SWCRP) at the University of New Mexico, an interdisciplinary research center dedicated to studying the causes, persistence, and consequences of poverty in New Mexico and the Southwest. The proposal details research agendas focused on poverty persistence, labor markets, health disparities, public policy, and community-based interventions while emphasizing collaboration among researchers, policymakers, students, and community organizations.