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2002

Economic Policy

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Full-Text Articles in Social and Behavioral Sciences

The Economic State Of Milwaukee's Inner City: 1970-2000, Center For Economic Development Dec 2002

The Economic State Of Milwaukee's Inner City: 1970-2000, Center For Economic Development

Center for Economic Development Publications

No abstract provided.


The East Asian Model Of Economic Development And Developing Countries, Jong H. Park Dec 2002

The East Asian Model Of Economic Development And Developing Countries, Jong H. Park

Faculty Publications

This paper examines the debate on the East Asian model of economic development in light of the different approaches undertaken by different groups of countries (economies) in Northeast Asia and Southeast Asia. The common strengths and weaknesses shared by the East Asian countries (economies) have helped to reinforce the misconception that there is a single East Asian model of economic development. There are, however, significant differences in economic structures as well as development experiences among the East Asian economies, especially between the economic development paradigms of Southeast Asia and Northeast Asia. Nonetheless, one single common thread underlies the differences in ...


The Doha Round Of The World Trade Organization: Appraising Further Liberalization Of Agricultural Markets, Bruce A. Babcock, John C. Beghin, Jacinto F. Fabiosa, Stéphane De Cara, Amani E. Elobeid, Cheng Fang, Chad E. Hart, Murat Isik, Holger Matthey, Alexander E. Saak, Karen P. Kovarik, Food And Agricultural Policy Research Institute Nov 2002

The Doha Round Of The World Trade Organization: Appraising Further Liberalization Of Agricultural Markets, Bruce A. Babcock, John C. Beghin, Jacinto F. Fabiosa, Stéphane De Cara, Amani E. Elobeid, Cheng Fang, Chad E. Hart, Murat Isik, Holger Matthey, Alexander E. Saak, Karen P. Kovarik, Food And Agricultural Policy Research Institute

CARD Working Papers

Using the Food and Agricultural Policy Research Institute (FAPRI) modeling system, we investigate the multilateral removal of border taxes and farm programs and their distortion of world agricultural markets. We find that agricultural and trade distortions have significant terms-of-trade effects. Terms-of-trade effects caused by trade barriers are much larger than those caused by domestic farm programs. World trade is also significantly impacted. Trade expansion is substantial for most commodities, especially dairy, meats, and vegetable oils. Net agricultural and food exporters, such as Brazil, Australia, and Argentina, emerge with expanded exports, whereas net importing countries with limited distortions before liberalization are ...


The Struggles And Predicaments Of Low-Income Families And Children In Poverty, Jennifer Vanfleet Oct 2002

The Struggles And Predicaments Of Low-Income Families And Children In Poverty, Jennifer Vanfleet

Human Architecture: Journal of the Sociology of Self-Knowledge

Poverty can be considered a chain reaction often affecting generation after generation, a chain reaction that often interferes with health care, food consumption, resources, transportation, living arrangements, proper clothing, water supply, heat supply, electricity and phone service. Many families have needs that by far surpass the needs mentioned above. Many of us have no idea what it is to live in poverty.


Temporary Programs To Extend Unemployment Compensation, Jennifer E. Lake Oct 2002

Temporary Programs To Extend Unemployment Compensation, Jennifer E. Lake

Congressional Research Service (CRS) Reports and Issue Briefs

[From Summary] The federal/state unemployment compensation (UC) system is designed to provide temporary and partial wage replacement to workers who have become involuntarily unemployed. UC also helps to stabilize the economy by providing unemployed workers with additional purchasing power, which serves as an economic stimulus when unemployment rises during recessions. The UC system generally provides sufficient duration of benefits during periods of economic prosperity, as most UC beneficiaries experience fewer weeks of unemployment than their maximum entitlements and return to work before their benefit rights are exhausted. However, during periods of economic decline, people tend to remain unemployed longer ...


The Economic Impact Of Child Care In Milwaukee County, Center For Economic Development Sep 2002

The Economic Impact Of Child Care In Milwaukee County, Center For Economic Development

Center for Economic Development Publications

No abstract provided.


An Empirical Analysis Of The Effects Of Joint Decisions On Food Stamp Program, Temporary Assistance For Needy Families, And Labor Force Participation, Sonya Kostova Huffman, Helen H. Jensen Sep 2002

An Empirical Analysis Of The Effects Of Joint Decisions On Food Stamp Program, Temporary Assistance For Needy Families, And Labor Force Participation, Sonya Kostova Huffman, Helen H. Jensen

CARD Working Papers

This study examines the interaction between Food Stamp Program (FSP) and Temporary Assistance for Needy Families (TANF) program participation, provides a model of joint decisions made by households on FSP, TANF, and labor force participation, and explains why households choose different alternatives.

We use the first Survey of Program Dynamics (SPD) longitudinal data and the 1998 SPD experimental data files. The modeling component consists of estimating equations to predict the probability of particular choices made by households. The households choose the alternative that gives the highest utility. The results show that the program parameters do matter. Variations across states in ...


Are All Taxes Equally Bad? How Replacing Iowa's Sales Tax Could Save Iowans More Than $100 Million Per Year, Harvey E. Lapan, Giancarlo Moschini, Brad Caruth Sep 2002

Are All Taxes Equally Bad? How Replacing Iowa's Sales Tax Could Save Iowans More Than $100 Million Per Year, Harvey E. Lapan, Giancarlo Moschini, Brad Caruth

CARD Working Papers

Under current U.S. law, taxpayers can deduct up to 100 percent of their state income taxes from their adjusted gross income when calculating their federal income taxes. As a result, Iowans currently pay approximately $251 million less to the federal government than they would otherwise pay. There is, however, no equivalent stipulation allowing for the deduction of state sales taxes. Consequently, by eliminating the sales tax and replacing the lost revenue with an income-based tax, Iowans could save a substantial amount of money on their federal tax returns without any change in revenue for the Iowa government. Alternatively, by ...


Regional Technology Assets And Opportunities: The Geographic Clustering Of High-Tech Industry, Science And Innovation In Appalachia, Edward Feser, Harvey Goldstein, Henry Renski, Catherine Renault Aug 2002

Regional Technology Assets And Opportunities: The Geographic Clustering Of High-Tech Industry, Science And Innovation In Appalachia, Edward Feser, Harvey Goldstein, Henry Renski, Catherine Renault

Edward J Feser

This study constitutes a systematic location analysis of the technology assets of Appalachia. The report identifies and documents sub-regional concentrations of technology-related employment, R&D, and applied innovation within and immediately adjacent to the 406-county service area of the Appalachian Regional Commission. By assembling and analyzing an extensive set of data at high levels of functional and spatial detail, the study reveals localized technology strengths that might be nurtured through focused economic development policy.


Us Social Security Rules In The 1990s: A Natural Experiment In Myopic And Farsighted Behaviour, Stephen D. Rubb Aug 2002

Us Social Security Rules In The 1990s: A Natural Experiment In Myopic And Farsighted Behaviour, Stephen D. Rubb

WCBT Faculty Publications

During the 1990s changes in the earnings test threshold and the delayed retirement credit had the potential to impact the labour supply of 65 to 69-year-olds. These changes in Social Security rules are used to examine whether labour supply behaviour of elderly men and women is 'myopic' or 'farsighted'. Men are found to be more farsighted than previously realized, perhaps due to increases in life expectancy.


Education, Social Security, And The Welfare State: Alternative Policy Choices In The United States And Germany, Karl G. Hokenmaier Aug 2002

Education, Social Security, And The Welfare State: Alternative Policy Choices In The United States And Germany, Karl G. Hokenmaier

Dissertations

Western welfare states have not all followed the same path in their social policy development. Still, certain similarities have been identified in the types and combinations of social insurance supported by specific groupings of these states. Titmuss (1974) described "three contrasting models or functions of social policy." Heclo (1985) argued "three broad groups of nations can be distinguished” with different models of social welfare policy. Esping-Andersen (1990) identified "three worlds of welfare capitalism," each with a unique social policy agenda and distinctive social insurance system. Education is typically not included with other social programs in depicting the policy profiles of ...


Innovation And The Economy, Mario Pianta, J. Michie, C. Oughton Jun 2002

Innovation And The Economy, Mario Pianta, J. Michie, C. Oughton

Mario Pianta

Unemployment has remained at relatively high levels across most European countries for a generation now. There have been a number of suggested explanations for this, with correspondingly different policy implications. Two of the major hypotheses relate, first, to the impact on the European economies from increased international competition, and `globalisation’ more generally, and, secondly, to the effects of new technology and innovation. The effects of both globalisation and technology on growth and employment in Europe have been researched over the past two years through an EU-funded project, the results of which, relating in particular to innovation, are reported in this ...


Global Agricultural Trade And The Doha Round: What Are The Implications For North And South?, John C. Beghin, David Roland-Holst, Dominique Van Der Mensbrugghe Jun 2002

Global Agricultural Trade And The Doha Round: What Are The Implications For North And South?, John C. Beghin, David Roland-Holst, Dominique Van Der Mensbrugghe

CARD Working Papers

The next three-year World Trade Organization round has been set in motion by recent negotiations in Doha, Qatar. Among the most contentious issues in that meeting, and probably over the course of the next round, is direct and indirect producer support for agricultural exporters in the North and forgone production, employment, and trading opportunities for farmers in the South. Our results indicate that real commitments to reduce agricultural support in high-income countries will induce substantial changes in world food prices and domestic agricultural rates of return and output and will cause dramatic shifts in agricultural trade patterns. Total trade expands ...


Assessing The Competitiveness Of Indian Cotton Production: A Policy Analysis Matrix Approach, Samarendu Mohanty, Cheng Fang, Jagadanand Chaudhary May 2002

Assessing The Competitiveness Of Indian Cotton Production: A Policy Analysis Matrix Approach, Samarendu Mohanty, Cheng Fang, Jagadanand Chaudhary

CARD Working Papers

This paper uses a modified policy analysis matrix (PAM) approach to assess the efficiency of cotton production in five major producing states in India. The results indicate that cotton is not efficiently produced in the second-largest cotton-producing state in the country. Without government interventions in this state, it is likely that acreage will move away from cotton to more profitable crops such as sugarcane and groundnut. In addition, we conclude that cotton is not the most efficiently produced crop in the other four states; however, there is at least one crop in each state that is less efficiently produced than ...


A Tale Of Two Decades: Changes In Work And Earnings In Massachusetts, 1979–1999, Randy Albelda, Marlene Kim Apr 2002

A Tale Of Two Decades: Changes In Work And Earnings In Massachusetts, 1979–1999, Randy Albelda, Marlene Kim

Economics Faculty Publication Series

Over the past twenty years, Massachusetts has replaced the mantle of old-style manufacturing with a robust “new economy.” Our economic vitality has never been better. But not all individuals benefited from the 1990s boom as they had from the one a decade earlier. Some of our residents are worse off than they were before.


Do China And Hong Kong Constitute An Optimum Currency Area?, Yue Ma, Shu Ki Tsang Apr 2002

Do China And Hong Kong Constitute An Optimum Currency Area?, Yue Ma, Shu Ki Tsang

CAPS Working Paper Series

After the political unification of Hong Kong with China, Hong Kong is supposed to function as a separate economic entity under the framework of "one country, two systems". However, the increasingly close ties between the two economices have raised the possibility of full economic integration, and even of monetary union as the Chinese currency progresses towards full convertibility. This paper employs the theory of optimum currency area (OCA) and adopts recently developed techniques to test whether China and Hong Kong constitute an OCA. The empirical findings based on disaggregated historical data are overwhelmingly negative. Other considerations also point to a ...


A Study Of Households In Iowa That Left The Food Stamp Program, Helen H. Jensen, Steven B. Garasky, Cory Robert Wessman, Sarah M. Nusser Mar 2002

A Study Of Households In Iowa That Left The Food Stamp Program, Helen H. Jensen, Steven B. Garasky, Cory Robert Wessman, Sarah M. Nusser

CARD Staff Reports

Iowa experienced sharp decreases in Food Stamp Program (FSP) enrollment in the last years of the 1990s. This period followed significant changes in social assistance programs in the state, the passage of the Personal Responsibility and Work Opportunity Reconciliation Act of 1996, and a period of good economic conditions. Data collected in a 1999 survey conducted in Iowa provide information about the well-being of families that had participated in Iowa's Food Stamp Program in 1997, the time immediately following the introduction of the new regulations. Nearly 58 percent of those participating in the FSP in 1997 were not participating ...


Agent-Based Computational Economics: Growing Economies From The Bottom Up, Leigh Tesfatsion Jan 2002

Agent-Based Computational Economics: Growing Economies From The Bottom Up, Leigh Tesfatsion

Economics Working Papers (2002–2016)

Agent-based computational economics (ACE) is the computational study of economies modeled as evolving systems of autonomous interacting agents. Thus, ACE is a specialization of economics of the basic complex adaptive systems paradigm. This study outlines the main objectives and defining characteristics of the ACE methodology and discusses similarities and distinctions between ACE and artificial life research. Eight ACE research areas are identified, and a number of publications in each area are highlighted for concrete illustration. Open questions and directions for future ACE research are also considered. The study concludes with a discussion of the potential benefits associated with ACE modeling ...


A Positive Political Model Of Supreme Court Economic Decisions, Tony Caporale, Harold Winter Jan 2002

A Positive Political Model Of Supreme Court Economic Decisions, Tony Caporale, Harold Winter

Economics and Finance Faculty Publications

We develop a positive political model of the U.S. Supreme Court. Looking at the Court's economic cases for the period 1953-1993, we find a significant larger fraction of conservative decisions under Republican presidents and more conservative leadership of the House and Senate Judiciary Committees. Conservative decisions are also found to be positively correlated with the fraction of the Court appointed by Republican presidents and the rate of price inflation. We argue that our findings cast serious doubt on the common view of the Supreme Court as a completely independent, apolitical institution.


Fapri 2002 World Agricultural Outlook, Bruce A. Babcock, John C. Beghin, Jacinto F. Fabiosa, Stéphane De Cara, Amani E. Elobeid, Cheng Fang, Frank Fuller, Chad Hart, Murat Isik, Holger Matthey, Alexander E. Saak, Karen Kovarik, Abner W. Womack, Robert E. Young Ii, Patrick C. Westhoff, Joe Trujillo, D. Scott Brown, Gary M. Adams, Brian Willott, Daniel Madison, Seth Meyer, John Kruse, Julian Binfield Jan 2002

Fapri 2002 World Agricultural Outlook, Bruce A. Babcock, John C. Beghin, Jacinto F. Fabiosa, Stéphane De Cara, Amani E. Elobeid, Cheng Fang, Frank Fuller, Chad Hart, Murat Isik, Holger Matthey, Alexander E. Saak, Karen Kovarik, Abner W. Womack, Robert E. Young Ii, Patrick C. Westhoff, Joe Trujillo, D. Scott Brown, Gary M. Adams, Brian Willott, Daniel Madison, Seth Meyer, John Kruse, Julian Binfield

FAPRI Staff Reports

The FAPRI 2002 World Agricultural Outlook presents final projections of FAPRI’s agricultural outlook on world agricultural production, consumption, and trade. FAPRI projections assume average weather patterns worldwide, existing policy, policy commitments under current trade agreements, and recent policy changes such as the accession of China and Taiwan to the WTO. FAPRI projections do not include conjectures on potential policy changes. The major macroeconomic drivers of the 2002 FAPRI baseline are the deepening crisis in Argentina, the U.S. dollar’s continuing strength relative to most other currencies, and the progressive recovery of economic activities in most OECD countries over ...


Forecasting Municipal Budgets, Gary A. Webb Jan 2002

Forecasting Municipal Budgets, Gary A. Webb

Seton Hall University Dissertations and Theses (ETDs)

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Put-Call Parity And The Law, Michael S. Knoll Jan 2002

Put-Call Parity And The Law, Michael S. Knoll

Faculty Scholarship at Penn Law

No abstract provided.


U.S. Farm Policy And The World Trade Organization: How Do They Match Up?, Chad E. Hart, Bruce A. Babcock Jan 2002

U.S. Farm Policy And The World Trade Organization: How Do They Match Up?, Chad E. Hart, Bruce A. Babcock

CARD Working Papers

The debate over a new farm bill has focused on how to spend an additional $73.5 billion in funding for the agricultural budget over 10 years. The House of Representatives, the Senate agriculture committee, and Senators Cochran and Roberts (supported by the Bush administration) have each proposed a structure for the next farm bill. A critical question becomes whether these proposals conflict with U.S. commitments to limit subsidies under the World Trade Organization (WTO) agreement. This paper explores this issue and concludes with a discussion of the future direction of U.S. farm subsidies and new WTO agreements


Metropolitan Polarization In An Era Of Affluence: Income Trends In Metropolitan Milwaukee Since 1990, Marc V. Levine Jan 2002

Metropolitan Polarization In An Era Of Affluence: Income Trends In Metropolitan Milwaukee Since 1990, Marc V. Levine

Center for Economic Development Publications

No abstract provided.


Enron And The Dark Side Of Shareholder Value, William W. Bratton Jan 2002

Enron And The Dark Side Of Shareholder Value, William W. Bratton

Faculty Scholarship at Penn Law

No abstract provided.


Vertical Integration And Media Regulation In The New Economy, Christopher S. Yoo Jan 2002

Vertical Integration And Media Regulation In The New Economy, Christopher S. Yoo

Faculty Scholarship at Penn Law

No abstract provided.


Dangerous Liaisons: Corporate Law, Trust Law, And Interdoctrinal Legal Transplants, Edward B. Rock, Michael L. Wachter Jan 2002

Dangerous Liaisons: Corporate Law, Trust Law, And Interdoctrinal Legal Transplants, Edward B. Rock, Michael L. Wachter

Faculty Scholarship at Penn Law

No abstract provided.


Town Of Billerica, Massachusetts Master Plan Appendix C Community Survey Results, Center For Economic Development Jan 2002

Town Of Billerica, Massachusetts Master Plan Appendix C Community Survey Results, Center For Economic Development

Center for Economic Development Technical Reports

This is Appendix C of the Town of Billerica, Massachusetts Master Plan. This Appendix contains a summarized report of the results of a community survey.


City Of Attleboro Economic Development Organizational Study, Center For Economic Development Jan 2002

City Of Attleboro Economic Development Organizational Study, Center For Economic Development

Center for Economic Development Technical Reports

The organizational structure of a municipal agency plays a critical role in its ability to fulfill its public mission. A well-organized agency is able to achieve its objectives in an effective and efficient manner. In addition, an agency with a clearly defined organizational structure is better prepared to adapt to the changing needs of its community.

Professionals in the field of economic development are especially aware of the value of effective organizational structures. The cyclical nature of local economies often forces economic development agencies to shift focus rapidly in order to address changing economic conditions. Adapting successfully to these changes ...


Town Of Billerica, Massachusetts Master Plan Appendix B Community Charrette Results, Center For Economic Development Jan 2002

Town Of Billerica, Massachusetts Master Plan Appendix B Community Charrette Results, Center For Economic Development

Center for Economic Development Technical Reports

This is Appendix B of the Town of Billerica, Massachusetts Master Plan. This Appendix contains the results of a Community Charrette in Billerica, Massachusetts that helped identify the desires of residents in the community.