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1993

Series

Discipline
Institution
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Articles 1 - 11 of 11

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 ...


Indirect Transfers In Trade Among Former Soviet Union Republics: Sources, Patterns, And Policy Responses In The Post-Soviet Period, Lucjan Orlowski Nov 1993

Indirect Transfers In Trade Among Former Soviet Union Republics: Sources, Patterns, And Policy Responses In The Post-Soviet Period, Lucjan Orlowski

WCBT Faculty Publications

Reports on indirect transfers in trade among the former Soviet Union Republics. The Former Soviet Union (FSU) was composed of 15 republics which were very unevenly endowed with human, physical and natural resources. To contain regional imbalances within the Union and to integrate all republics into a tight and centrally commanded division of labour, the central government operated a scheme of vertical fiscal redistribution between the Union budget and the republican budgets. Through this system poorer republics became net receivers of direct transfers and richer republics became net donors. This scheme, which collapsed with the dissolution of the Union in ...


The Decentralization Of Collective Bargaining: A Literature Review And Comparative Analysis, Harry C. Katz Oct 1993

The Decentralization Of Collective Bargaining: A Literature Review And Comparative Analysis, Harry C. Katz

Faculty Publications - Labor Relations, Law, and History

"The author reviews evidence that the bargaining structure is becoming more decentralized in Sweden, Australia, the former West Germany, Italy, the United Kingdom, and the United States, although In somewhat different degrees and ways from country to country. He then examines the various hypotheses that have been offered to explain the significant trend Shifts In bargaining power, as well as the diversification of corporate and worker Interests, have played a part in this change, he concludes, but work reorganization has been more influential still. He also explores how the roles of central unions and corporate industrial relations staffs are challenged ...


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.


1993 American Incentive System Almanac, Don P. Diffine Ph.D. Jan 1993

1993 American Incentive System Almanac, Don P. Diffine Ph.D.

Belden Center Monographs

No abstract provided.


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 ...


Jean Ensminger. Making A Market: The Institutional Transformation Of An African Society (Book Review), Sandra F. Joireman Jan 1993

Jean Ensminger. Making A Market: The Institutional Transformation Of An African Society (Book Review), Sandra F. Joireman

Political Science Faculty Publications

The publication of Making a Market marks yet another excellent contribution to the field from the Cambridge Series on Political Economy. Similar to the other volumes in the series, it emphasizes the interaction of political structures and institutions with economic change. Yet whereas most of the previous volumes in the series have been written by political scientists or economists, this book stands out as unique in that it is written from an anthropological perspective. Unusual as this is, the book gives an extremely sophisticated and readable application of the new institutional economics to the developing world.


Robert H. Bates And Anne O. Kruger (Eds.). Political And Economic Interactions In Economic Policy Reform (Book Review), Sandra F. Joireman, Winston Wells Jan 1993

Robert H. Bates And Anne O. Kruger (Eds.). Political And Economic Interactions In Economic Policy Reform (Book Review), Sandra F. Joireman, Winston Wells

Political Science Faculty Publications

This volume is a welcome attempt to combine extremely disparate regional literature on structural adjustment programs. The empirical research for the book was conducted in such a way as to generate truly economic hypotheses and conclusions. Bates and Krueger commissioned eight teams of researchers; each composed of at least one political scientist and an economist. The teams' initial agenda was to unravel the puzzle of why good economics means bad politics in relation to these structural adjustment programs. To meet that end, the teams were asked to investigate three phases surrounding the adjustment programs: Informed by current theories of interest ...


Rigging The Lobbying Process: An Application Of The All-Pay Auction, Michael R. Baye, Dan Kovenock, Casper G. De Vries Jan 1993

Rigging The Lobbying Process: An Application Of The All-Pay Auction, Michael R. Baye, Dan Kovenock, Casper G. De Vries

Economics Faculty Articles and Research

In a world where a politician can explicitly auction off a prize to the high bidder, the standard auction literature can be used to analyse political behavior. The justice system, however, precludes politicians from explicitly selling the prize to the highest bidder. Thus politicians cannot let it become public knowledge that they are in the business of selling political favors. An institution has emerged in political markets to overcome this constraint which are termed as lobbying. Lobbyists make implicit payments to the politician through campaign contributions. If these up-front payments were rebated to those failing to receive the prize, it ...


Labor Law Successorship: A Corporate Law Approach, Edward B. Rock, Michael L. Wachter Jan 1993

Labor Law Successorship: A Corporate Law Approach, Edward B. Rock, Michael L. Wachter

Faculty Scholarship at Penn Law

No abstract provided.