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Articles 1 - 6 of 6

Full-Text Articles in Political Economy

Introducing: The Survey Of Professional Forecasters, Dean D. Croushore Nov 1993

Introducing: The Survey Of Professional Forecasters, Dean D. Croushore

Economics Faculty Publications

Forecasts play a crucial role in the economy. Businesses won't hire workers as readily if they think the economy may go into a recession soon. Long-term interest rates will rise if people in the financial markets expect inflation to increase. And firms are less likely to borrow money for new investment spending today if they think interest rates will soon decline.

Forecasts are important for many decisions, but not many people have the knowledge and experience to forecast economic variables well. It makes sense, therefore, for people to rely on the forecasts of experts. One easy way to get ...


Speed Variance, Enforcement, And The Optimal Speed Limit, Philip E. Graves, Dwight Lee, Robert L. Sexton Jan 1993

Speed Variance, Enforcement, And The Optimal Speed Limit, Philip E. Graves, Dwight Lee, Robert L. Sexton

PHILIP E GRAVES

A model of the optimal speed limit is developed which explicitly recognizes the roles of average speed, speed variance, and the level of enforcement. An unusual result emerges, namely that a higher speed limit may be optimal when reducing the variance in highway speeds reduces accident externalities.


Comparative Analysis Of Competitive Advantage For Holyoke Massachusetts, Umass Amherst Center Economic Development Jan 1993

Comparative Analysis Of Competitive Advantage For Holyoke Massachusetts, Umass Amherst Center Economic Development

Center for Economic Development Technical Reports

This report was made to provide an overview of how Holyoke, Massachusetts compared to the other fifteen towns and cities in Western Massachusetts. A snapshot matrix was developed that compared Holyoke with each of the towns in one matrix. In the snapshot matrix a standard hypothetical comparison was developed and used to compare the towns in each of the separate categories.


A Comparative Analysis Fire, Police, And Public Works Departments Pelham, Massachusetts, Center For Economic Development Jan 1993

A Comparative Analysis Fire, Police, And Public Works Departments Pelham, Massachusetts, Center For Economic Development

Center for Economic Development Technical Reports

In an ongoing effort to evaluate the effectiveness of its operations, the Town of Pelham engaged the services of the Center for Economic Development (CED) at the University of Massachusetts to examine the Highway (DPW), Police and Fire departments.

To that end, CED produced a detailed matrix comparing Pelham's three departments with those of three other communities; contacted professional and government organizations for potentially useful trends and researched additional information requested by the town. Herewith are the results of these efforts.

It was agreed that a comparative analysis of an extensive list of descriptive characteristics between Pelham's and ...


A Methodology For Determining The Local Impacts Of Defense Spending, Umass Amherst Center Economic Development Jan 1993

A Methodology For Determining The Local Impacts Of Defense Spending, Umass Amherst Center Economic Development

Center for Economic Development Technical Reports

This report was meant to determine what the economic impact of Department of Defense cutbacks would have been on local communities in Western Massachusetts. This project provided a methodology to determine what these local impacts were. The plan was to have policy makers use this data to create strategies which may ease the effects of defense spending cutbacks on their communities.


Speed Variance, Enforcement, And The Optimal Speed Limit, Philip E. Graves, Dwight Lee, Robert L. Sexton Dec 1992

Speed Variance, Enforcement, And The Optimal Speed Limit, Philip E. Graves, Dwight Lee, Robert L. Sexton

Robert L Sexton

A model of the optimal speed limit is developed which explicitly recognizes the roles of average speed, speed variance, and the level of enforcement. An unusual result emerges, namely that a higher speed limit may be optimal when reducing the variance in highway speeds reduces accident externalities.