Economics Commons^™

Economic Trends And Forecasts For Nevada, Bengte Evenson, R. Keith Schwer, William Cope

Social Health of Nevada Reports

With the exception of some difficulties following the events of September 11, 2001 , the economy of the state of Nevada has been doing very well since the mid-1980’s. Employment has increased dramatically, outpacing job growth anywhere else in the country. This has drawn workers to Nevada, leading to record in-migration, especially recently. With robust growth in both employment and population, spending as measured by GSP is healthy. The economic forecast for Nevada predicts continued positive growth in the short run, after which growth will decline to a more normal rate.

The Asymptotics For Panel Models With Common Shocks, Chihwa Kao, Lorenzo Trapani, Giovanni Urga

Center for Policy Research

This paper develops a novel asymptotic theory for panel models with common shocks. We assume that contemporaneous correlation can be generated by both the presence of common regressors among units and weak spatial dependence among the error terms. Several characteristics of the panel are considered: cross sectional and time series dimensions can either be fixed or large; factors can either be observable or unobservable; the factor model can describe either cointegration relationship or a spurious regression, and we also consider the stationary case. We derive the rate of convergence and the distribution limits for the ordinary least squares (OLS) estimates …

Keynes, John Maynard, John B. Davis

Economics Faculty Research and Publications

No abstract provided.

The Promise (And Limits) Of Neuroeconomics, Jedediah S. Purdy

Faculty Scholarship

Neuroeconomics — the study of brain activity in people engaged in tasks of reasoning and choice — looks set to be the next behavioral economics: a set of findings about how people make decisions that casts both light and doubt on widely accepted premises about rationality and social life. This Article explains what is most exciting about the new field and lays out some specific research tasks for it.

Relation Between Government Expenditure And Economic Growth, Bibhu Prasad Aryal

Masters Theses

Government expenditure depends upon the available resources and the scope of saving potential of the country. But the same requires a proper expenditure policy, so that the desired objectives of planned economic development could be achieved within a short span of time. In order to formulate the proper economic policy it is very necessary to know the importance of the causal relation of the expenditure and economic variables.

This paper investigates the causal relation between government expenditure and GDP growth. To find out the relationship between the two variables, a sample of eight developing countries from Asia and Africa is …

Is War Necessary For Economic Growth?, Vernon W. Ruttan

Clemens Lecture Series

No abstract provided.

Hubungan Dinamis Real Interest Rate Differential, Nilai Tukar Riil & Cadangan Devisa Di Indonesia: 1995-2005, Albert Hasudungan

Jurnal Ekonomi dan Pembangunan Indonesia

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Smith’S Humean Criticism Of Hume’S Account Of The Origin Of Justice, Spencer J. Pack, Eric Schliesser

Economics Faculty Publications

Adam Smith criticizes David Hume's account of the origin of and continuing adherence to the rule of law for being not sufficiently Humean. Hume explained that adherence to the rule of law originated in the self-interest to restrain self-interest. According to Smith, Hume does not pay enough attention to the passions of resentment and admiration, which have their source in the imagination. Smith offers a more naturalistic and evolutionary account of the psychological preconditions of the establishment and morality of justice than Hume had. Smith severs the intimate connection that Hobbes and Hume made between justice and property.

Where Economics And Philosophy Meet, Peter J. Boettke, Christopher J. Coyne, John B. Davis, Francesco Guala, Alain Marciano, Jochen Runde, Margaret Schabas

Economics Faculty Research and Publications

No abstract provided.

The Normative Significance Of The Individual In Economics, John B. Davis

Economics Faculty Research and Publications

No abstract provided.

Preface To Ethics And The Market: Insights From Social Economics, John B. Davis

Economics Faculty Research and Publications

No abstract provided.

Value, John B. Davis

Economics Faculty Research and Publications

No abstract provided.

Socioeconomics, John B. Davis

Economics Faculty Research and Publications

No abstract provided.

Introduction To Recent Developments In Economic Methodology, John B. Davis

Economics Faculty Research and Publications

No abstract provided.

The Impact Of Financial Openness On Economic Integration: Evidence From Europe And The Cis, Fabrizio Carmignani, Abdur Chowdhury

Economics Faculty Research and Publications

We study whether financial openness facilitates the economic integration of formerly centrally planned economies with the EU-15. Two dimensions of economic integration are considered: cross-country convergence of per-capita incomes and bilateral trade in goods and services. We find that more financially open economies effectively catch-up faster and trade more with the EU-15. These integration-enhancing effects occur over and above any effect stemming from domestic financial deepening and other factors determining growth and trade.

Incomplete Compensation And Migration Behavior: Has Anything Changed Between 1990 And 2000?, David E. Clark, William E. Herrin, Thomas A. Knapp, Nancy E. White

Economics Faculty Research and Publications

Spatial equilibrium models rely on migration to arbitrage away differences in utility across locations net of moving costs, where remaining differences in wages and rents reflect the compensating differentials related to site-specific amenities. Recent refinements to the spatial equilibrium model focus upon the prospect of disequilibrium in amenity markets. Amenity market disequilibrium implies over- or under-compensation (incomplete compensation) across some locations, which suggests a role for these factors in subsequent migration. This paper follows the theoretical and empirical approach of Clark, Herrin, Knapp, and White (2003). An intercity wage regression is estimated where fixed effects capture the impact of site …

Labor Struggles, New Social Movements, And America's Favorite Pastime: New York Workers Take On New Era Cap Company, Victoria Carty

Sociology Faculty Articles and Research

Contemporary economic globalization, which is driven and regulated primarily by multinational corporations, has a direct impact on workers' lives. Trade agreements such as the North American Free Trade Agreement (NAFTA) tend to be controlled by corporate interests in the wealthy, industrialized nations. Those countries set the agenda to protect the interests of foreign investors and facilitate the mobility of capital, but they do little to protect the interests of labor. In response, workers in both the global North and South have been forced to rely on their own individual efforts to protect themselves against unfair labor practices. This article presents …

Retirements Rate + Gross Stock, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. (n.d.). Retirements rate and gross stock [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (2006, August 1). The measurement of capital [Draft manuscript excerpt with handwritten annotations]. Unpublished manuscript.

• Shaikh, A. (2006, September 8). Price indices and capital measurement [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (2006, August 30). The measurement of capital: Measuring capital in current prices [Draft manuscript]. Unpublished manuscript.

• Shaikh, A., & Powers, S. (2006, July). Capital discards article [Email correspondence]. Unpublished manuscript.

• Shaikh, A. (2006, October 23). The measurement of capital: Service lives and PIM capital stock estimates …

Loose Notes On Inflation, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. (2005, December 9). Classical and Keynesian theories of firm output [Unpublished manuscript]. Department of Economics, New School for Social Research.
• Shaikh, A. (2005, April 27). Inflation theory with classical growth [Unpublished manuscript]. Department of Economics, New School for Social Research.
• Shaikh, A. (2006, February 9). IFS annual banking stats US: Data documentation and definitions [Technical documentation]. Department of Economics, New School for Social Research.
• Shaikh, A. (2001, August 31). Inflation dynamics and the thruput ratio [Unpublished manuscript]. Department of Economics, New School for Social Research.
• Shaikh, A. (1996, March 5). Inflation, excess demand and new …

Current Stock And Gross Stocks, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• BEA Sectoral Output and Capital Stocks, by A. Shaikh (2002, October). Unpublished manuscript.
• KBEA 1993 All, by A. Shaikh (2006, November 24). Unpublished manuscript.
• Fixed Reproducible Tangible Wealth in the United States, 1925–89, by Bureau of Economic Analysis (1993, January). U.S. Department of Commerce, Economics and Statistics Administration.
• Kiel Capital Stock Data and Price Structures, by A. Shaikh (2002, June). Unpublished manuscript.
• New Estimates of Government Net Capital Stocks for 22 OECD Countries 1960–2001, by C. Kamps (2004). IMF Working Paper 04/67, International Monetary Fund.
• BEA 1993 Investment Data (Current and Constant …

Real Interest Rates And Inflation In Norway, David E. Allen, Tinashe Mapfumba

Research outputs pre 2011

We analyse the effectiveness of the monetary stance adopted by the Norwegian central bank in implementing monetary policy assessing how it relates to the neutral rate of interest. The neutral rate is frequently defined as the level of real interest rate consistent with both stable inflation and a level of production equal to potential production; providing no stimulus or restraint to the economy. We attempt to calculate this rate and to examine the long run link between real interest rates and inflation in Norway. We apply cointegration analysis to explore whether the gap between the real and neutral rate of …

Overseas Accounting Students In Australia And Performance In Literary Work : An Empirical Test, Theo Christopher, Colleen Hayes

Research outputs pre 2011

This study compared the performance of local and overseas students, studying in a Western Australian university, in respect of both a literary and practical component of an examination question associated with a second year accounting unit. An analysis of the results, using an analysis of variance, indicated that language background for these two groups of students was a significant discriminating variable. This result lends support for the claim by the large Australian-based major public accounting firms that overseas accounting graduates lack language skill, which is, in turn, cited by the firms as a basis for not employing the graduates. Notwithstanding …

Divergent Opinions And Value Stock Performance, John A. Doukas

Finance Faculty Publications

Those who believe that capital markets—that is, markets for stocks and bonds—operate efficiently and asset prices fully reflect all publicly available information are engaged in an ongoing debate about the exact interpretation of the “value premium” with those who reject this view. Value premium refers to the superior returns generated by the purchase of value stocks relative to growth, or glamour, stocks. Rationalists, the group believing in market efficiency, argue that because value stocks are fundamentally riskier than growth stocks, the value premium is compensation for bearing risk. Behavioralists, the group arguing that market asset prices don’t reflect all publicly …

Is-Mp-As Approach To Currency Devaluation, Yeung-Nan Shieh

Faculty Publications

No abstract provided.

Monopsonistic Wage Discrimination And Employment Effect Under Conditions Of Constant Labor Supply Elasticity, Yeung-Nan Shieh

Faculty Publications

No abstract provided.

Rights-Based Approaches To Development: Introduction, Sarah Hamilton

Human Rights & Human Welfare

This digest offers a multidimensional, well-chosen, and timely compilation of resources analyzing the myriad relationships between fields devoted to the realization of human rights and human development. I appreciate having the opportunity to introduce the issue for two reasons. First, the contributors perform a tremendous service to both fields. They have created an accessible pathway to works that engage: the normative, substantive, and empirical dimensions of the human rights/development nexus; key debates among theoreticians, policy-makers, and practitioners concerning this nexus; inclusive analysis of institutional frameworks and actors; and attention to both opportunities for, and challenges to, the realization of increasingly …

World Bank, Adrienne Stohr

Human Rights & Human Welfare

The mission of the World Bank is to aid developing countries stabilize their economies through financial and technical assistance. The five dominant themes that emerge in a review of the World Bank literature are: health, gender, environment, globalization, and global governance. Each of these themes is broadly related to issues that consistently influence the larger issue of how the World Bank incorporates, rejects, or impacts human rights.

Montana Travel Research: 2006, Norma P. Nickerson, Mellisa Bruns-Dubois, James Wilton

Institute for Tourism and Recreation Research Publications

Outlook for 2006 and Review of 2005.

Analisis Stabilitas Dan Efektivitas Relatif Besaran Moneter Bebas Bunga Di Indonesia: Sebuah Pengujian Ekonometrik Pada Data Time Series Tahun 1971:1-2002:4, Mustafa Edwin Nasution, Mohamad Soleh Nurzaman

Jurnal Ekonomi dan Pembangunan Indonesia

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Analisis Dampak Kebijakan Tarif Angkutan Jalan Raya Terhadap Perekonomian Dan Distribusi Pendapatan Dki Jakarta: Sebuah Model Komputasi Keseimbangan Umum, Dewi Anggraeni, Djamester Simarmata, Djoni Hartono

Jurnal Ekonomi dan Pembangunan Indonesia

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