Atlantic Economic Journal articles from June 1998

Atlantic Economic Journal archives from June 1998

Brazil's twin deficits: an empirical examination.
June 1, 1998... Introduction Brazil's miracle economy produced a robust economic growth rate of 9 percent during 1965 to 1980. This economic growth was fueled by a heavy inflow of foreign capital. Her industry accounts for 35 percent of gross national product...

Strategic factors for trading and investing in Latin America by U.S. businesses during the post-NAFTA era. (North American Free Trade Agreement)
June 1, 1998... Introduction It has been observed that the North American Free Trade Agreement (NAFTA) not only opens the vast market of Mexico but naturally leads to expansion of trade and investing in the rest of Latin America. For instance, John Avery,...

Small firms and economic growth in Europe.
June 1, 1998... Introduction Economic activity in manufacturing industries moved away from large firms toward small firms in many countries of the Organization for Economic Cooperation and Development (OECD) during the last two decades. However, the speed of...

Export-output causality: the Irish case 1953-93.
June 1, 1998... Introduction Debate on the nature of the relationship between exports and economic growth is ongoing with various explanations propounded as to the importance of trade in economic performance. As countries open up to trade, international...

Sticky prices as a coordination success.
June 1, 1998... Introduction In the article, "Sticky Prices as Coordination Failure," Ball and Romer [1991] make an important contribution toward unifying New Keynesian economics by explicitly linking the issue of nominal price flexibility with that of...

Cournot, Bertrand, and modern game theory. (Augustin Cournot)
June 1, 1998... Introduction In 1838, Augustin Cournot published his now famous Recherches sur les Principes Mathematiques de la Theorie des Richesses. In this small volume and with mathematical precision, Cournot explicitly set forth much of the modern day...

User charges and bureaucratic inefficiency.
June 1, 1998... Introduction A common argument in public finance and public choice literature is that government bureaucracies are inefficiently large because bureaucrats are able to exploit their monopoly position to force consumers onto their all-or-nothing...

The moonlighting decision of unmarried men and women: family and labor market influences.
June 1, 1998... Introduction Moonlighting behavior has been the subject of much interesting research by labor economists. Early theoretical work by Perlman [1966] and by Shishko and Rostker [1976] helped clarify how and why an individual might decide to...

Local measured service revisited: a Southern Wisconsin test case.
June 1, 1998... Introduction The notion of pricing local telephone service on a measured basis has been around for many years. During this time, many economists have substantiated its advantages over a flat-rate pricing scheme both theoretically and, in...

Studies in accounting history: tradition and innovation for the twenty-first century.
June 1, 1998... Introduction The history of accounting is fragmented into different patterns and frameworks. A variety of approaches has been used to describe the evolution of accounting in terms of the relevance given to accounting theory and practice in...

International trade, vertical markets, and endogenous technology.
June 1, 1998... It has been shown that in cases where one country has a better technology for producing an intermediate good than another, commercial policy may be effective in increasing domestic welfare [Spencer and Jones, "Trade and Protection in Vertically...

Optimal environmental tax, waste disposal charge, and illegal waste disposal.
June 1, 1998... In an attempt to reduce household waste, many countries are adopting user-pays systems such as weight-based curbside collection charges. As shown in Fullerton and Kinnaman [AER, 86, 1996], however, waste disposal charges open up the possibility...

Budget deficits, money, prices, interest rates, and causality.
June 1, 1998... This note examines Granger causality between budget deficits and interest rates in a multivariate framework by applying Hsiao's version [Hsiao, JME, January 1981] of the Granger causality method with the aid of cointegration to U.S. postwar data....

The effect of unions on hours and employment.
June 1, 1998... Increases in interest rates or real wages alter labor supply behavior, motivating both employed and unemployed workers to try to work more hours. The outcome is not a unilateral decision, however; firms also play a role. And union power...