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Socioeconomic Databases Plains Electric_04-11-1986, Brian Mcdonald, Lynn Bodin Wombold

BBER Publications

This report compiles historical socioeconomic data (1965-1985) and projections (1986-2005) for 18 New Mexico counties and two Arizona counties served by Plains Electric Generation and Transmission Cooperative. Prepared by the University of New Mexico’s Bureau of Business and Economic Research, it provides county-level estimates and forecasts for population, household size, employment, per capita income, and energy-related price deflators to support planning and utility forecasting.

Keynes E I Socialisti, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

Pages. 50-52, in Mondoperaio. Rivista Mensile Del Partito Socialista Italiano, Numero 4, Aprile 1986.

The notes for this article handwritten in English are posted separately in this archive as "Keynesian Socialism."

Ua68/2 Intercambio Internacional, Vol. X, No. 1, Wku Latin American Studies

WKU Administration Documents

Newsletter created by WKU Latin American Studies program regarding science, politics and economic advances in Latin America as well as cooperative projects between WKU and universities across Latin America. The newsletter is written in both English and Spanish.

Defense Economics And Economic Warfare Revisited, J. Hoult Verkerke, Martin Shubik

Cowles Foundation Discussion Papers

In this paper we paint with a broad brush. Our purpose is to present an overview, a status report, and by implication, an indication of what needs to be done at this time. We first provide a survey of topics in the economics of defense and in economic warfare, then we comment on some naval aspects of these topics.

Toward A Theory Of Discounted Repeated Games With Imperfect Monitoring, Dilip Abreu, David G. Pearce, Ennio Stacchetti

Cowles Foundation Discussion Papers

This paper investigates pure strategy sequential equilibria of repeated games with imperfect monitoring. The approach emphasizes the equilibrium value set and the static optimization problems embedded in external equilibria. We characterize these equilibria, and provide computational and comparative statics results. The “self-generation” and “bang-bang” propositions which were at the core of our analysis of optimal cartel equilibria [2], are generalized to asymmetric games and infinite action spaces. New results on optimal implicit reward functions include the necessity (as opposed to sufficiency) of bang-bang functions, and the nature of optimal punishment regions.

Issues Arising In Management And Control Of Naval Forces, Paul Bracken, Martin Shubik

Cowles Foundation Discussion Papers

This paper takes the context of political and military command as given and considers the fundamental question of how a modern navy fits in with the usual conception of nuclear deterrence between the United States and the Soviet Union. We here summarize the major issues, questions, and conclusions from this research as they serve to provide the context for our observations on the relevance of and potential for operations research and decision sciences contributions to providing understanding and analysis for these critical and highly qualitative problems.

Trends Versus Random Walks In Time Series Analysis, Steven N. Durlauf, Peter C.B. Phillips

Cowles Foundation Discussion Papers

This paper studies the effects of spurious detrending in regression. The asymptotic behavior of traditional least squares estimators and tests are examined in the context of models where the generating mechanism is systematically misspecified by the presence of deterministic time trends. Most previous work on the subject has relied upon Monte Carlo studies to understand the issues involved in detrending data that is generated by integrated processes and our analytical results help to shed light on many of the simulation findings. Standard F tests and Hausman tests are shown to inadequately discriminate between the competing hypotheses. Durbin-Watson statistics, on the …

Consistency In Nonlinear Econometric Models: A Generic Uniform Law Of Large Numbers, Donald W.K. Andrews

Cowles Foundation Discussion Papers

A basic tool of modern econometrics is a uniform law of large numbers (LLN). It is a primary ingredient used in proving consistency and asymptotic normality of parametric and nonparametric estimators in nonlinear econometric models. Thus, in a well-known review article, Burguete, Gallant, and Sousa [8, p. 162] introduce a uniform LLN with the statement: “The following theorem is the result upon which the asymptotic theory of nonlinear econometrics rests.” So pervasive is the use of uniform LLNs, that numerous authors appeal to an unspecified generic uniform LLN. Others appeal to some specific result. The purpose of this paper is …

Two Misspecification Tests For The Simple Switching Regressions Disequilibrium Model, Vassilis A. Hajivassiliou

Cowles Foundation Discussion Papers

Two specification tests for switching regimes disequilibrium models are developed. The first is an asymptotically locally optimal Lagrange multiplier test of endogeneity of a set of regressors, which takes the convenient form of a LM significance-test of certain regression residuals. The second is a Hausman specification test of the accuracy of regime classification information.

The Effect Of Commercial Practice Restrictions: The Case Of Optometry, Deborah Haas-Wilson

Economics: Faculty Publications

No abstract provided.

The Last Word: Put The C'S Back In Economics, Stanley Antoniotti

Bridgewater Review

No abstract provided.

Learning To Compete: Feedback Effects Of The Non-Linear Economy, Murray L. Weidenbaum, Richard Burr, Richard Cook

Murray Weidenbaum Publications

There are three key forces that make a period of sustained prosperity likely during the 1990s. First, actions that reduce the cost of producing goods and services in the United States. Second, a new awareness of personal responsibility for the quality of American goods. Finally, a rapid growth in research and development investments.

A Comment On Salvatore Biasco's, "Exchange Rate Cycles And The International Economy", Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

No abstract provided.

Pre-Orators: Export Drive And Countertrade: The Microeconomic Perspective, Ishrat Husain Dr.

Faculty Research - Newspaper and Magazine Articles

I would like to congratulate the Eko Hotels Ltd. and particularly Mr. Randle in organising this Export Expo and this special lecture on "Export Drive". The recent policy emphasis on increasing non-oil exports in Nigeria is quite sound. The specific steps as to how this objective can be achieved have not been spelt out and the discussions and forums such as today's lecture can provide ideas and inputs. It is in this spirit that I am addressing this issue today. I would like to point out that these are my personal views and not those of the World Bank

Livestock Producers Should Not Ignore The Food Security Act Of 1985, Brian H. Schmiesing

Economics Commentator (1972- 2016)

No abstract provided.

Doug Munro's Review Of Peter Sack And Dymphna Clark's Edition Of South Sea Merchant: The Memoirs Of German-Born Eduard Hernsheim, Doug Munro

Pacific Studies

No abstract provided.

New Russian Books On The Pacific, 1982-1983, Patricia Polansky

Pacific Studies

No abstract provided.

Best Median Unbiased Estimation In Linear Regression With Bounded Asymmetric Loss Functions, Ray C. Fair

Cowles Foundation Discussion Papers

We first show that the Generalized Least Squares estimator is the best median unbiased estimator of the regression parameters for quite general loss functions, when the parameter space is unrestricted. Of note is the fact that this result holds without moment restrictions. Thus, the errors may have multivariate Cauchy distribution. Next, we show that a restricted GLS estimator is best median unbiased for a linear combination of the regression parameters, when that linear combination is restricted to lie in an interval. Certain other linear combinations of the parameter vector may be subject to arbitrary additional restrictions. The paper then presents …

Edgeworth Equilibria In Production Economies, Charalambos D. Aliprantis, Donald J. Brown, Owen Burkinshaw

Cowles Foundation Discussion Papers

An Edgeworth equilibrium is an allocation that belongs to the core of every n -fold replica of the economy. In [2] we studied in the setting of Riesz spaces the properties of Edgeworth equilibria for pure exchange economies with infinite dimensional commodity spaces. In this work, we study the same problem for economies with production. Under some relatively mild conditions we establish (among other things) that: 1. Edgeworth equilibria exist; 2. Every Edgeworth equilibrium is a quasiequilibrium; and 3. An allocation is an Edgeworth equilibrium if and only if it can be “decentralized” by a price system.

Cointegration And Tests Of Present Value Models, John Y. Campbell, Robert J. Shiller

Cowles Foundation Discussion Papers

In a model where a variable Y is proportional to the present value, with constant discount rate, of expected future values of a variable y , the “spread” S – Y – qy will be stationary for some q whether or not y must be differenced to induce stationarity. Thus, Y and y are cointegrated. The model implies that S is proportional to the optimal forecast of S *, the present value of future changes in y. We use vector autoregressive methods, and recent literature on cointegrated processes, to test the model. When Y is the long-term interest rate and …

The Private Sector And Nigeria's Agricultural Development By Adeniyi Osuntogun And Rex Uzo Ugorji (Eds.): Book Review, Grace O. Evbuomwan

Economic and Financial Review

This book is a collection of twenty-six (26) papers presented at the First National Seminar on "The Role of the Private Sector in Nigerian Agriculture", organised by the Agricultural and Rural Management Training Institute, Ilorin in October, 1983. This book can be said to be a very useful volume. This is because it contains information which will be useful to both the public and private sectors particularly at this critical period of renewed emphasis on agricultural development and efforts by government to get the private sector to be more involved in the development of the agricultural sector. Book Details: Osuntogun, …

Population, Migration, And Problems Of Atoll Development In The South Pacific, John Connell

Pacific Studies

No abstract provided.

Employment And Household Economy In A Micronesian Village, James G. Peoples

Pacific Studies

No abstract provided.

Barrie Macdonald's Review Of O. H. K. Spate's The Pacific Since Magellan, Volume 2, Monopolists And Freebooters, Barrie Macdonald

Pacific Studies

No abstract provided.

Monetary And Fiscal Impacts On Economic Activity In Bangladesh: A Note, Abdur Chowdhury

Economics Faculty Research and Publications

No abstract provided.

Update Of Socioeconomic Databases_02-14-1986, Brian Mcdonald, Lynn Wombold

BBER Publications

The report was designed to support utility planning by providing revised estimates and projections of population, household size, employment, and income through 2006.

Is South Dakota Agriculture Ready For The Food Security Act Of 1985?, Brian H. Schmiesing

Economics Commentator (1972- 2016)

No abstract provided.

Towards A Unified Asymptotic Theory For Autoregression, Peter C.B. Phillips

Cowles Foundation Discussion Papers

This paper develops an asymptotic theory for a first order autoregression with a root near unity. Deviations from the unit root theory are measured through a noncentrality parameter c . When c < 0 we have a local alternative that is stationary and when c > 0 the local alternative is explosive. As c approaches the limits of its domain of definition (±∞) it is shown that the asymptotic distributions known to apply under fixed stationary and explosive alternatives are obtained as special cases. Moreover, when c = 0 we have the standard unit root theory. Thus, the asymptotic theory that we present goes a long way towards unifying earlier theory for these individual …

Towards A Unified Asymptotic Theory For Autoregression, Peter C.B. Phillips

Cowles Foundation Discussion Papers

This paper develops an asymptotic theory for a first order autoregression with a root near unity. Deviations from the unit root theory are measured through a noncentrality parameter. When this parameter is negative we have a local alternative that is stationary; when it is positive, the local alternative is explosive; and when it is zero we have the standard unit root theory. Our asymptotic theory accommodates these alternatives and helps to unify earlier theory in which the unit root case appears as a singularity of the asymptotics. The general theory is expressed in terms of functionals of a simple diffusion …

The Share Economy: A Symposium, William D. Nordhaus, Andrew John

Cowles Foundation Discussion Papers

In June 1985, the Yale Economics Department sponsored a half-day conference on Martin Weitzman’s striking proposal that sharing would be introduced into compensation arrangements. His suggestions have received wide attention in the popular press and from economists, but the organizers believed that the suggestions were sufficiently novel and promising to warrant careful scrutiny from a wide range of points of view. The conference participants therefore examined the “share economy” from the vantage point of labor economics, capital theory, general equilibrium theory, and macroeconomics.