Economics Commons^™

Upjohn Institute Hosts Research Conference On Microeconomic Analyses Of Labor Reallocation, John S. Earle

Employment Research Newsletter

No abstract provided.

Evaluation Of The Hud Elder Cottage Housing Opportunity (Echo) Program, C Theodore Koebel, Julia Beamish, Karen A. Danielsen, Virginia Polytechnic Institute And State University

Public Policy and Leadership Faculty Research

ECHO housing was introduced in the United States in the 1980s based on a program started in Australia in 1975. An ECHO unit is a small house in which an elderly person resides and which is placed near the home of a host (either relatives or close friends of the elderly person). The purpose of this arrangement is to make it convenient and efficient for the occupants of the host family dwelling to provide assistance to the elderly person residing in the smaller ECHO house.

Although ECHO housing provides a means for keeping an elderly resident close to family and …

Wto Accession: What's In It For Russia?, Abdur Chowdhury

Economics Faculty Research and Publications

Prospects for Russia’s membership in the WTO now look better than any point since accession negotiations began almost a decade ago. Good progress with economic and legal reforms within Russia has left the country’s economy better prepared for membership. Nevertheless, the economy still suffers from various weaknesses including, but not limited to, pervasive subsidies for different sectors, lack of liberalization and foreign participation especially in the service sector, inefficiency in custom administration, lack of enforcement of intellectual property rights, etc. For all their sensitivity, the negotiations on the import tariff levels and access to the service sectors are the least …

The Relationship Between Religious Affiliation, Region, Race, And Attitudes Toward Globalization, Marc Von Der Ruhr, Joseph P. Daniels

Economics Faculty Research and Publications

No abstract provided.

The Role Of Colleges And Universities In Neighborhood Real Estate Development: Based On The Experience Of Five Institutions, Jill Norton, Ziona Austrian

All Maxine Goodman Levin School of Urban Affairs Publications

This report discusses the role of colleges and universities in the economic development of neighborhoods and cities through direct investments in real estate. It explores various approaches to neighborhood economic development and looks at how educational institutions can partner with public agencies and neighborhood-based organizations to meet the objectives of both the institution and the community in which it resides.

Risk, Discounting, And The Present Value Of Future Earnings, Brian Brush

Economics Faculty Research and Publications

No abstract provided.

Montana Nonresident Traveler Expenditures And Economic Contribution: 2002, Norma Nickerson

Institute for Tourism and Recreation Research Publications

This report shows the economic contributions, expenditures, and average daily spending of nonresident visitors to Montana during 2002.

Thoughts On American Manufacturing Decline And Revitalization, Timothy J. Bartik

Employment Research Newsletter

No abstract provided.

Micro-Level Estimation Of The Prevalence Of Stunting And Underweight Among Children In Cambodia, Tomoki Fujii, Livia Montana

Research Collection School Of Economics

We are pleased to share this copy of the preliminary report on "Micro-Level Estimation of the Prevalence of Stunting and Underweight Among Children in Cambodia." This study is the result of a collaboration between the Ministry of Planning, the United Nations World Food Programme and the MEASURE DHS+ project, with in-kind assistance from The World Bank. We also would like to express our acknowledgement to Italian Cooperation and International Fund for Agricultural Development for supporting in publication and distribution.

Long Memory Inflationary Dynamics: The Case Of Brazil, Mark E. Jensen, Valderio A. Reisen, Francisco Cribari-Neto

Faculty Publications

It has been argued by several authors that the inflationary dynamics in Brazil follow a unit root process, thus displaying some inertia. Indeed, Cati, et al. (Journal of Applied Econometrics, 1999) have found that the inflationary dynamics in Brazil are nearly fully inertial. We estimate the fractional differencing parameter using an ARFIMA specification for the inflation rate in that country and our results suggest that the inflationary dynamics are better modeled by a long memory process than by a unit root mechanism, thus implying that there is no inertia in inflation, contrary to what has been found by other researchers. …

A Formal Test Of Density Forecast Evaluation, Anil K. Bera, Aurobindo Ghosh

Research Collection School Of Economics

Recent econometricians have shifted their attention from point and interval forecasts of the probability density functions (PDF) of various market variables. One of the main problems in this area has been evaluation of the density forecasts. In this papers, we propose a formal test for density forecast evaluation using Neyman (1937) smooth test procedure. Apart from giving indications of acceptance or rejection of the tested model, this approach provides specific sources (such as the mean, variance, skewness and kurtosis or the location, scale and shape of the distribution) or rejections, thereby helping in deciding possible modifications of the assumed model. …

New Mexico Labor Market Review 09-30-2003, 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 August 2003.

The Economic Impact Of The Yucca Mountain Nuclear Waste Repository On The Economy Of Nevada, Mary Riddel, Martin Boyett, R. Keith Schwer

Publications (YM)

Current Yucca Mountain Project (YMP) operations provide relatively high-wage employment to the Nevada economy and constitute an economically stable proportion of the total gross state product (GSP). If the YMP were discontinued, economic losses, relative to the current economy, would be substantial. In 2000, the YMP contributed $195.7 million to the Nevada economy and an additional $188.6 million in 2001. The YMP was responsible for 3,650 jobs in 2000. This translates into a real disposable income of roughly $131 million earned each year in the state of Nevada.

Moral Value And Market Values: The Impact On Africa In An Era Of Global Capitalism, Charles Stith

Trotter Review

In the era of global capitalism, the perennial tension between market and moral values has acquired new form and meaning. Ambassador Stith attempts to unravel the issues of morality within the context of a global market in recession, stagnated economies of the developing world, ever-changing technology and the reality of terrorism. Stith contends that the church has largely failed to reconcile the morality that it teaches, with the market in which it operates. He makes the argument that moral values are not just desirable; they are necessary for long-term survival of both the developing and developed world. The key, is …

Development Strategy Of Punjab, Ishrat Husain Dr.

Faculty Research - Talks, Speeches, & Discourse

I would like to congratulate the Punjab Government for taking this initiative to organize this Development Forum and thank them for inviting me to participate. It is high time that the provinces should take stock of their approach to development and poverty reduction and introduce new measures which will make the difference in the lives of their citizens. The population of this province has multiplied four times during the last fifty years rising from 20 million in 1951 to almost 80 million today. The dynamics have changed so fast that the districts of Lahore and Gujranwala divisions have a much …

Liability Rules For Constitutional Rights: The Case Of Mass Detentions, Eugene Kontorovich

ExpressO

Constitutional law assumes that rights should always be protected by property rules – that is, the government can only take them with the individual’s consent. This Article extends to constitutional law the insights of Calabresi and Melamed’s famous article on property and liability rules. Whether rights should be protected by property rules or liability rules depends on the transaction costs of negotiating a transfer of rights. As transaction costs rise, liability rules become more attractive.

This Article shows that liability rules can have an important role in constitutional law. Using mass detentions in national security emergencies as a case study, …

Norms, Rationality, And Communication: A Reputation Theory Of Social Norms, Andreas Engert

ExpressO

Does the discovery of "law and social norms" necessitate breaking with the rational choice paradigm? In this paper, I argue for an answer in the negative. To this end, I propose a reputation theory of social norms, which differs from other proposals in two principal respects: First, it explains norms without any assumption of behavioral constraints (like habit or conscience) and normative motivations (like altruism or aspiration to esteem). Second, it does even without any assumption regarding model-exogenous, private information that most other reputation and signaling explanations use (such as the discount rate in Eric Posner's signaling model).

Instead, reputation …

Fall Crop Insurance Decisions, Matthew A. Diersen

Economics Commentator (1972- 2016)

No abstract provided.

The Effects Of Globalization: A View From The Developing World, Andrés Mejia-Vergnaud

Center for Applied Economics

Globalization has been hailed as a deliverer and condemned as a destroyer of developing countries. How can globalization elicit such divergent responses? And what do people mean when they praise or condemn globalization?

As you will see in the course of this paper, I will often point to the beneficial effects of free trade and free-markets. The gains from free trade and free markets are indeed relevant from the point of view of public policy: they offer a guide to which sort of policies we should pursue. This doesn’t mean, however, that I believe these positive effects are the main …

Funded Pensions, Labor Market Participation, And Economic Growth, Mark A. Roberts, Eric O'N. Fisher

Economics

This paper analyses a model of overlapping generations in which agents who do not participate in the labor market are unable to borrow. Thus an increase in a fully funded pension raises aggregate savings even with a fixed participation rate since private savings are not crowded out one-for-one. When labor force participation is determined endogenously, a rise in the level of fully funded pensions increases the aggregate labor supply. This in turn increases aggregate savings and growth, directly by raising per capita savings and indirectly through tax and interest rate effects.

Linkages And Volatility Transmission Between Oil Markets And Stock Markets Of The Gcc Oil Exporting Countries, Shawkat Hammoudeh, Eisa Al-Eisa, Rami Al-Nsour

Topics in Middle Eastern and North African Economies

No abstract provided.

A Panel Approach To Investigating The Persistence In Turkish Real Exchange Rate, Haluk Erlat, Nilufer Ozdemir

Topics in Middle Eastern and North African Economies

No abstract provided.

Poverty In Egypt: 1974 - 1996, Tamer Rady, George A.Slotsve, Khan Mohabbat

Topics in Middle Eastern and North African Economies

No abstract provided.

Intra Industry Trade And Labour Market Adjustment In Turkey, Guzin Erlat, Haluk Erlat

Topics in Middle Eastern and North African Economies

No abstract provided.

Economic Impact Of Visitors To Utep On The El Paso Economy, David A. Schauer, Dennis L. Soden

IPED Technical Reports

No abstract provided.

The Regional Capacity And Possible Expansion Of Fort Bliss, Texas: 2003, Brent Mccune, Alejandro R. Almanzán, David A. Schauer, Dennis L. Soden

IPED Technical Reports

No abstract provided.

Economic Impact Of Utep Retirees On The El Paso Economy, David A. Schauer, Dennis L. Soden

IPED Technical Reports

No abstract provided.

Can Fiscal Decentralization Contribute To Poverty Reduction? Challenges Facing A Low Income Country, Mona Said, Zuzana Brixiova, Edward R. Gemayel

Topics in Middle Eastern and North African Economies

No abstract provided.

Risk And Wealth In A Model Of Self-Fulfilling Currency Attacks, Bernardo Guimarães, Stephen Morris

Cowles Foundation Discussion Papers

We analyze the effect of risk aversion, wealth and portfolios on the behavior of investors in a global game model of currency crises with continuous action choices. The model generates a rich set of striking theoretical predictions. For example, risk aversion makes currency crises significantly less likely; increased wealth makes crises more likely; and foreign direct investment (illiquid investments in the target currency) make crises more likely. Our results extend linearly to a heterogeneous agent population.

Liquidity Black Holes, Stephen Morris, Hyun Song Shin

Cowles Foundation Discussion Papers

Traders with short horizons and privately known trading limits interact in a market for a risky asset. Risk-averse, long horizon traders supply a downward sloping residual demand curve that face the short-horizon traders. When the price falls close to the trading limits of the short horizon traders, selling of the risky asset by any trader increases the incentives for others to sell. Sales become mutually reinforcing among the short term traders, and payoffs analogous to a bank run are generated. A “liquidity black hole” is the analogue of the run outcome in a bank run model. Short horizon traders sell …