Atlantic Economic Journal articles from March 1997

Atlantic Economic Journal archives from March 1997

A bully pulpit. (price making)
March 1, 1997... I just want to say that the Atlantic Economic Society has been very.. GOOD..TO.. ME! You may or may not remember this comedy routine. I had to turn to my younger son Fred (whose knowledge about such things seems to be encyclopedic) to find out...

How to grow faster. (economic growth)
March 1, 1997... Introduction Without any doubt, the question that I have been asked the most often in the last year or so is, how do we get the economy to grow faster? I can well understand the interest in this issue. Even though employment is high and...

Corporate income tax compliance: a time series analysis.
March 1, 1997... Introduction Though considerable work has recently been done on individual income tax compliance, the area of corporate income tax evasion has been virtually neglected. This is particularly surprising given the popular belief that corporate...

The political economy of immigration quotas.
March 1, 1997... Introduction In the U.S. immigration restrictions, when compared to those existing at the end of the 19th century, have become tighter.(1,2) In this paper, it is argued that a country's immigration quotas change with changes in the country's...

Is there a business cycle in Singapore? Is there a Singaporean business cycle?
March 1, 1997... Introduction Singapore, by conventional standards, has consistently posted positive growth rates ever since independence from Malaysia in 1965 and more remarkably so after its 1985 mild recession. Sargent [1987] defined the business cycle as...

Have large budget deficits caused increasing trade deficits? Evidence from a developing country.
March 1, 1997... Introduction Despite the exciting literature which has evolved in recent years around the effects of budget deficits on the economy, econometric research has not led to widely acceptable results. The focus of much of this ongoing research has...

Prison industries and the private sector.
March 1, 1997... Introduction Prisons are warehousing a scarce resource. Local labor shortages are acute in some areas, even though hundreds of able-bodied people are ready and willing to work but cannot legally do so because they are incarcerated. Very little...

The market perception of banking industry risk: a multifactor analysis.
March 1, 1997... Introduction One of the most important issues in the ongoing debate on the risk of the commercial banking industry and regulatory reform is whether movements of bank stock prices can provide accurate assessments of bank risk and reliable...

Walrasian equilibrium and cointegration.
March 1, 1997... Cointegration is regarded by many econometricians as one of the most important developments in empirical modeling in recent decades. A set of nonstationary time series variables are said to be cointegrated if their linear combination is...

An aggregate import demand function for Pakistan.
March 1, 1997... In recent years, Pakistan has moved to a freer economy in a substantial way. Beginning in 1983-84 when a new liberal import policy was announced, import licenses have been granted for most products. Compared to its neighbor India, Pakistan is a...

On real exchange rate targeting and debt servicing.
March 1, 1997... The real exchange rate is a key relative price in an open economy and Calvo et al. [JDE, 47, 1995, p.98] view it as "probably the most popular real target." What motivates policymakers to peg the real exchange rate? One of the most common reasons...

Human capital investment and optimum resource transfer between generations.
March 1, 1997... Most societies tax older citizens to pay for human capital investment (HCI) for younger citizens. Consequently, education, primarily used by the young, is often subsidized. As is well-known, over the past several decades in the U.S. an opposite...