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2004

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Articles 241 - 270 of 664

Full-Text Articles in Economics

Montana Nonresident Traveler Expenditures And Economic Contribution: 2003, Jim Wilton Jul 2004

Montana Nonresident Traveler Expenditures And Economic Contribution: 2003, Jim Wilton

Institute for Tourism and Recreation Research Publications

This report shows the economic contributions, expenditures, and average daily spending of nonresident visitors to Montana during 2003.

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Reducing Poverty Or Redistributing Income?, Ishrat Husain Dr Jul 2004

Reducing Poverty Or Redistributing Income?, Ishrat Husain Dr

Faculty Research - Newspaper and Magazine Articles

If there were violent fluctuation and swings in exchange rate, interest rate, tax rate and tariff rate then it becomes extremely difficult for a businessman to cost his products in a realistic manner and earn a decent rate of profit.

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Dampak Kebijakan Pengembangan Kawasan Perbatasan Terhadap Kinerja Perekonomian Kalimantan Barat: Analisis Simulasi Dengan Pendekatan Sistem Neraca Sosial Ekonomi, Eddy Suratman Jul 2004

Dampak Kebijakan Pengembangan Kawasan Perbatasan Terhadap Kinerja Perekonomian Kalimantan Barat: Analisis Simulasi Dengan Pendekatan Sistem Neraca Sosial Ekonomi, Eddy Suratman

Jurnal Ekonomi dan Pembangunan Indonesia

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Pengaruh Struktur Ekonomi Pada Penyerapan Tenaga Kerja Sektoral: Analisis Model Demometrik Di 30 Propinsi Pada 9 Sektor Di Indonesia, Lgnatia Rohana Sitanggang, Nachrowi D. Nachrowi Jul 2004

Pengaruh Struktur Ekonomi Pada Penyerapan Tenaga Kerja Sektoral: Analisis Model Demometrik Di 30 Propinsi Pada 9 Sektor Di Indonesia, Lgnatia Rohana Sitanggang, Nachrowi D. Nachrowi

Jurnal Ekonomi dan Pembangunan Indonesia

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The Economic Review Of The Travel Industry In Montana: 2004 Biennial Edition, James Wilton, Norma Nickerson Jul 2004

The Economic Review Of The Travel Industry In Montana: 2004 Biennial Edition, James Wilton, Norma Nickerson

Institute for Tourism and Recreation Research Publications

This review provides current and historical data of nonresident travel and tourism in Montana, and offers the industry's economic contributions to the state.

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What Are Jobs Worth?, Joseph Persky, Daniel Felsenstein, Virginia Carlson Jul 2004

What Are Jobs Worth?, Joseph Persky, Daniel Felsenstein, Virginia Carlson

Employment Research Newsletter

No abstract provided.

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The Politics Of Wto Enforcement Mechanism, Pao Li Chang Jul 2004

The Politics Of Wto Enforcement Mechanism, Pao Li Chang

Research Collection School Of Economics

This paper attempts to develop a formal economic framework to analyze the influences of domestic political considerations by democratic governments in shaping the WTO enforcement outcomes following a violation ruling against the defendant. Since a different mix of import and export sectors in the defendant and complainant country will benefit from the various potential enforcement outcomes, they become competing forces which steer the strategic interactions between the disputing governments. The results of the paper illustrate the complainant's strategy in selecting the retaliation list, and the likelihood of the defendant's compliance or compensation in response to the proposed or foreseeable retaliation, …

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Monotonicity Conditions And Inequality Imputation For Sample-Selection And Non-Response Problems, Myoung-Jae Lee Jul 2004

Monotonicity Conditions And Inequality Imputation For Sample-Selection And Non-Response Problems, Myoung-Jae Lee

Research Collection School Of Economics

Under a sample selection or non-response problem, where a response variable y is observed only when a condition δ = 1 is met, the identified mean E(y|δ = 1) is not equal to the desired mean E(y). But the monotonicity condition E(y|δ = 1) ≤ E(y|δ = 0) yields an informative bound E(y|δ = 1) ≤ E(y), which is enough for certain inferences. For example, in a majority voting with δ being the vote-turnout, it is enough to know if E(y) > 0.5 or not, for which E(y|δ = 1) > 0.5 is sufficient under the monotonicity. The main question is then …

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Estimation Of Hyperbolic Diffusion Using Markov Chain Monte Carlo Method, Yiu Kuen Tse, Xibin Zhang, Jun Yu Jul 2004

Estimation Of Hyperbolic Diffusion Using Markov Chain Monte Carlo Method, Yiu Kuen Tse, Xibin Zhang, Jun Yu

Research Collection School Of Economics

In this paper we propose a Bayesian method to estimate the hyperbolic diffusion model. The approach is based on the Markov chain Monte Carlo (MCMC) method with the likelihood of the discretized process as the approximate posterior likelihood. We demonstrate that the MCMC method Provides a useful tool in analysing hyperbolic diffusions. In particular, quantities of posterior distributions obtained from the MCMC outputs can be used for statistical inference. The MCMC method based on the Milstein scheme is unsatisfactory. Our simulation study shows that the hyperbolic diffusion exhibits many of the stylized facts about asset returns documented in the discrete-time …

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Forecasting The Global Electronics Cycle With Leading Indicators: A Var Approach, Hwee Kwan Chow Jul 2004

Forecasting The Global Electronics Cycle With Leading Indicators: A Var Approach, Hwee Kwan Chow

Research Collection School Of Economics

Developments in the global electronics industry are typically monitored by tracking indicators that span a whole spectrum of activities in the sector. However, these indicators invariably give mixed signals at each point in time, thereby hampering efforts at prediction. In this paper, we propose a unified framework for forecasting the global electronics cycle by constructing a VAR model that captures the economic interactions between leading indicators representing expectations, orders, inventories and prices. The ability of the indicators to presage world semiconductor sales is first demonstrated by Granger causality tests. The VAR model is then used to derive the dynamic paths …

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Gap Analysis Of The Current Financial Services Network In Calhoun County, George A. Erickcek, Bridget Timmeney, Brad R. Watts Jul 2004

Gap Analysis Of The Current Financial Services Network In Calhoun County, George A. Erickcek, Bridget Timmeney, Brad R. Watts

Reports

No abstract provided.

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New Mexico Labor Market Review 06-30-2004, New Mexico Department Of Labor Jun 2004

New Mexico Labor Market Review 06-30-2004, 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 May 2004.

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Farmland Values Relationships Across South Dakota: 2002-2004, Larry Janssen Jun 2004

Farmland Values Relationships Across South Dakota: 2002-2004, Larry Janssen

Economics Commentator (1972- 2016)

No abstract provided.

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South Dakota Agricultural Land Values And Cash Rental Rates, 2004, Matt Pearson, Burton Pfleger, Larry Jannssen Jun 2004

South Dakota Agricultural Land Values And Cash Rental Rates, 2004, Matt Pearson, Burton Pfleger, Larry Jannssen

Economics Commentator (1972- 2016)

No abstract provided.

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Entry Deterring Capacity In The Texas Lodging Industry, Michael Conlin, Vrinda Kadiyali Jun 2004

Entry Deterring Capacity In The Texas Lodging Industry, Michael Conlin, Vrinda Kadiyali

Economics - All Scholarship

We test whether capacity is used to deter entry and whether the amount invested in entry deterring capacity is related to market concentration and market presence. We use a unique dataset containing all lodging properties in Texas from 1991 through 1997. For each of the 3,830 properties, we have information on occupancy rate, number of rooms, location and ownership. This information is augmented by market level information such as tax rates, travel expenditures and retail wages. We find that there is higher investment in capacity relative to demand (i.e. idle capacity) in markets with larger Herfindahl index and by firms …

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Social Interactions And The Health Insurance Choices Of The Elderly: Evidence From The Health And Retirement Study, Eldar Beiseitov, Jeffrey D. Kubik, John R. Moran Jun 2004

Social Interactions And The Health Insurance Choices Of The Elderly: Evidence From The Health And Retirement Study, Eldar Beiseitov, Jeffrey D. Kubik, John R. Moran

Economics - All Scholarship

Using data from the 1998 Wave of the Health and Retirement Study, we examine the effect of social interactions on the health insurance choices of the elderly. We find that having more social interactions, as measured by contacts with friends and neighbors, reduces the likelihood of enrolling in a Medicare managed care plan relative to purchasing a medigap policy or having coverage through Medicare alone. Our estimates indicate that social networks are an important determinant of the health insurance choices of the elderly and provide suggestive evidence that "word-of-mouth" information sharing may have played a role in the preference of …

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Bayesian Herders: Optimistic Updating Of Rainfall Beliefs In Response To External Forecasts, Travis J. Lybbert, Christopher B. Barrett, John G. Mcpeak, Winnie Luseno Jun 2004

Bayesian Herders: Optimistic Updating Of Rainfall Beliefs In Response To External Forecasts, Travis J. Lybbert, Christopher B. Barrett, John G. Mcpeak, Winnie Luseno

Economics - All Scholarship

Temporal climate risk weighs heavily on many of the world's poor. Model based climate forecasts could benefit such populations, provided recipients use forecast information to update climate expectations. We test whether pastoralists in southern Ethiopia and northern Kenya update their expectations in response to forecast information and find that they indeed do, albeit with a systematic bias towards optimism. In their systematic optimism, these pastoralists are remarkably like Wall Street's financial analysts and stockbrokers. If climate forecasts have limited value to these pastoralists, it is due to the flexibility of their livelihood rather than an inability to process forecast information.

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An Empirical Examination Of The Impact Of College Financial Aid On Family Savings, James Monks Jun 2004

An Empirical Examination Of The Impact Of College Financial Aid On Family Savings, James Monks

Economics Faculty Publications

The system of distributing financial aid dollars using needs analysis formulae implicitly imposes a financial aid tax on assets. Existing studies provide mixed evidence of the influence of this implicit tax on assets on wealth accumulation. This paper attempts to contribute to the literature on this topic by examining the sensitivity of results to various assumptions, specifications, and categories of assets, using more recent data that allows for the incorporation of recent developments in financial aid and college costs. I find much weaker evidence than existing studies that college financial aid has a significant impact on family savings.

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Rhode Island Current Conditions Index -- June 2004, Leonard Lardaro Jun 2004

Rhode Island Current Conditions Index -- June 2004, Leonard Lardaro

The Rhode Island Current Conditions Index

No abstract provided.

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Economic Multipliers And Mega-Event Analysis , Victor Matheson Jun 2004

Economic Multipliers And Mega-Event Analysis , Victor Matheson

Economics Department Working Papers

Critics of economic impact studies that purport to show that mega-events such as the Olympics bring large benefits to the communities “lucky” enough to host them frequently cite the use of inappropriate multipliers as a primary reason why these impact studies overstate the true economic gains to the hosts of these events. This brief paper shows in a numerical example how mega-events may lead to inflated multipliers and exaggerated claims of economic benefits.

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Monopoly Pricing Of Experience Goods, Dirk Bergemann, Juuso Välimäki Jun 2004

Monopoly Pricing Of Experience Goods, Dirk Bergemann, Juuso Välimäki

Cowles Foundation Discussion Papers

We develop a dynamic model of experience goods pricing with independent private valuations. We show that the optimal paths of sales and prices can be described in terms of a simple dichotomy. In a mass market, prices are declining over time. In a niche market, the optimal prices are initially low followed by higher prices that extract surplus from the buyers with a high willingness to pay. We consider extensions of the model to integrate elements of social rather than private learning and turnover among buyers.

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Monopoly Pricing Of Experience Goods, Dirk Bergemann, Juuso Välimäki Jun 2004

Monopoly Pricing Of Experience Goods, Dirk Bergemann, Juuso Välimäki

Cowles Foundation Discussion Papers

We develop a dynamic model of experience goods pricing with independent private valuations. We show that the optimal paths of sales and prices can be described in terms of a simple dichotomy. In a mass market, prices are declining over time. In a niche market, the optimal prices are initially low followed by higher prices that extract surplus from the buyers with a high willingness to pay. We consider extensions of the model to integrate elements of social rather than private learning and turnover among buyers.

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Time-Inconsistency And Welfare Program Participation: Evidence From The Nlsy, Hanming Fang, Dan Silverman Jun 2004

Time-Inconsistency And Welfare Program Participation: Evidence From The Nlsy, Hanming Fang, Dan Silverman

Cowles Foundation Discussion Papers

We empirically implement a dynamic structural model of labor supply and welfare program participation for agents with potentially time-inconsistent preferences. Using panel data on the choices of single women with children from the NLSY 1979, we provide estimates of the degree of time-inconsistency, and of its influence on the welfare take-up decision. With these estimates, we conduct counterfactual experiments to quantify the utility loss stemming from the inability to commit to future decisions, and the potential utility gains from commitment mechanisms such as welfare time limits and work requirements.

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Review And Appraisal Of 2003 Budget And Economic Performance., Ige S. Cyril Jun 2004

Review And Appraisal Of 2003 Budget And Economic Performance., Ige S. Cyril

Bullion

The first set of problems in realizing the benefits of a national budget in Nigeria, the 2003 Federal Government Budget in particular, is the delay in formulation and presentation to the National Assembly. This paper examines various definitions of the national budget as understood by some of the important stakeholder. It discusses budget implementation and management, budget 2003 and the people, strengthening programming as a basis of budgeting for development, and co-ordination of economic management in 2003. Finally, the study concludes that NEEDS is a welcome idea but its goals will prove difficult to achieve because of the flaw in …

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Implications Of The Monetisation Of Civil Service Fringe Benefits On The 2004 Federal Government Budget, Ahmed Y. Mahmud Jun 2004

Implications Of The Monetisation Of Civil Service Fringe Benefits On The 2004 Federal Government Budget, Ahmed Y. Mahmud

Bullion

Monetization is the conversion of benefits previously made available in kind to public officers into cash payment. This paper examines the monetization policy introduced in the 2004 Budget, the impact of monetization on the budget and the effect of monetization on beneficiaries. Finally, It must be realized however, that the cost of so me of the benefits that will no longer be provided by the government will have to be made good by the erstwhile beneficiaries. Also, the amounts being paid out for the monetized items are set at less than their market value. While such a measure would exert …

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Racism And Redistribution In The United States: A Solution To The Problem Of American Exceptionalism, Woojin Lee, John E. Roemer Jun 2004

Racism And Redistribution In The United States: A Solution To The Problem Of American Exceptionalism, Woojin Lee, John E. Roemer

Cowles Foundation Discussion Papers

The two main political parties in the United States put forth policies on redistribution and on issues pertaining directly to race. We argue that redistributive politics in America can be fully understood only by taking account of the interconnection between these issues, and the effects of political competition upon the multi-dimensional party platforms. We identify two mechanisms through which racism among American voters decreases the degree of redistribution that would otherwise obtain. Many authors have suggested that voter racism decreases the degree of redistribution due to an anti-solidarity effect: that (some) voters oppose government transfer payments to minorities whom they …

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Rozlyn Coleman, " Confronting Budget Deficits" Imf Economic Issues No. 3, 2000: A Review., Newman C. Oputa Jun 2004

Rozlyn Coleman, " Confronting Budget Deficits" Imf Economic Issues No. 3, 2000: A Review., Newman C. Oputa

Economic and Financial Review

The document is based on the fiscal operations of major industrial countries and presents a major concern that it is not the size of the budget as a ratio of the gross domestic product (GDP) that matters, but the persistence of budgetary shortfalls during long periods of peace, when governments traditionally offset their debts and save for the future.

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Vision 2004 El Paso Citizen Survey For City Of El Paso, Dennis L. Soden, America Tirado Jun 2004

Vision 2004 El Paso Citizen Survey For City Of El Paso, Dennis L. Soden, America Tirado

IPED Technical Reports

No abstract provided.

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In Search Of A Fair Bet In The Lottery, Victor Matheson, Kent Grote Jun 2004

In Search Of A Fair Bet In The Lottery, Victor Matheson, Kent Grote

Economics Department Working Papers

Although state-operated lotto games have the worst average expected payoffs among common games of chance, because the jackpot can accumulate, the maximum expected payoff is potentially unlimited. It is possible, therefore, that lotto can exhibit a positive expected return. This paper examines 18,000 drawings in 34 American lotteries and finds approximately 1% of these drawings provided players with a fair bet. If it were possible for a bettor to purchase every possible combination, however, most lotteries commonly experience circumstances where such a purchase would provide a positive return with 11% of the drawings providing a fair bet to the player.

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Fiscal Policy Thrust Of The 2004 Budget., Odoko F. O Jun 2004

Fiscal Policy Thrust Of The 2004 Budget., Odoko F. O

Bullion

The budget is an important tool of economic management. Usually, it presents estimates of Government revenue and expenditure for a fiscal year. The objective of this paper is to provide an overview of the fiscal policy measures in the 2004 Budget. This paper contains the background to the budget, the policy thrust and the key parameters. It highlights the revenue and expenditure estimates and identifies the policy priorities and prospects. Finally, a good monetary policy is expected to achieve macro economic stability and a sound financial sector if effectively implemented and barring fiscal shocks. Overall, socio-political stability and fiscal discipline …

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