Business Economics articles from April 1995

Business Economics archives from April 1995

Health economics outlook: two theories of health economics.
April 1, 1995... Annual U.S. Health care expenditures will be approximately $1 trillion at the end of 1995, compared to an expected Gross Domestic Product of approximately $7.1 trillion. If the exponential growth of health care were to continue as an ever-larger...

The great health system reform myths of the 1990s.
April 1, 1995... The 1990s have seen a sustained political effort to "reform" the U.S. health care system. Agitation for system reform was evident during the Bush Administration, but officials of that administration downplayed the political importance of pursuing...

State health reform: is it national health reform writ small?
April 1, 1995... Comprehensive health reform with universal coverage appears to have failed at the national level. Conventional wisdom suggests that states will move in to fill this void. States have undertaken a variety of reforms in recent years.(1) Reforms...

Movies and myths: hospital cost shifting.
April 1, 1995... The Clinton health care reform plan is dead; make no mistake about it. But a ghost from that era lives on, carrying heavy chains of improbability. That ghost is hospital cost shifting. As you no doubt recall, the Clinton plan was supposed to...

What's all this about pharmacoeconomics?
April 1, 1995... These are boom times for pharmacoeconomics. Pharmaceutical companies, consulting firms, academic departments in various disciplines, insurance companies and government agencies all over the world have jumped in with both feet. Pharmacoeconomic...

California's resounding 'no.' (rejection of Proposition 186)
April 1, 1995... In 1994, Califomia's Proposition 186, like the Clinton Administration's "Health Security Act" of 1993, made many promises. Proposition 186 would have initiated a single-payer, government-run health care system for all residents of California that...

A neglected aspect of the global economy: the international handicap of domestic regulation.
April 1, 1995... One of the few advantages of being a former chairman of the Council of Economic Advisers is that you receive a lifetime supply of crystal balls. Of course, they are all cloudy. Nevertheless, I assume my task of forecasting the future of the...

Can a socialist republic find happiness trading in a capitalist world? (China and Vietnam)
April 1, 1995... With approval of the General Agreement on Tariffs and Trade (GATT) by the United States, the world's principal trading nations enter a new chapter in their economic relationships. Implementation of GATT and establishment of the World Trade...

Global competition: the environmental dimension.
April 1, 1995... One of the byproducts of the negotiations on the Uruguay Round and North American Free Trade Agreement (NAFTA) was the elevation and sharpening of a long-standing debate on the impact of environmental policies on industrial competitiveness and...

Housing in the long term: trends and prospects.
April 1, 1995... The long-term prospect for housing has interest for a variety of reasons. Historically, housing, particularly home construction, has led the macroeconomy both into and out of recessions. As such, it has been both a leading indicator and a lever...

Modeling potential liability costs in large class-action cases with incomplete information.
April 1, 1995... Large class-action product liability cases pose special analytical problems for defendant firms. The firm needs to assess realistically the likely costs of resolving claims presented by class participants plus suits and other claims filed...

The business economist at work: marketing a specialty. (regional economist at First National Bank of Chicago)
April 1, 1995... The position of regional economist at First Chicago evolved. In 1986, when I was given the original title, I was a junior economist and still new to the profession. I reported to several senior economists and had no managerial responsibilities....

Industry corner: following doctor's orders: the drug delivery systems industry.(Industry Overview)
April 1, 1995... Taking the right medicine in the correct dose and taking it for a prescribed period at prescribed intervals are all necessary if sometimes unpleasant steps to getting well. Today, a vital and growing industry has emerged that harnesses a wide...

The statistics producers' corner. (Dept. of Commerce reports on 'Mid-Decade Strategic Review of the U.S. Economic Accounts; Census Bureau replaces Plant and Equipment Survey)
April 1, 1995... REVIEW OF THE U.S. ECONOMIC ACCOUNTS The U.S. Department of Commerce recently completed a "Mid-Decade Strategic Review of the U.S. Economic Accounts" that covered the national, regional, and international accounts prepared by the Bureau of...

The PC corner. (economists' use of computer hardware and software)
April 1, 1995... MORE SURVEY RESPONSES NEEDED My thanks to those of you who have mailed in the questionnaire I put in the last PC Corner column that appeared in the January issue of Business Economics. I would like to encourage those of you who have not yet...

Eastern Europe in a Time of Change: Economic and Political Dimensions.
April 1, 1995... This book is about political, economic and social transformation in Eastern Europe. A slim volume for professional economists, it provides a condensed approach to goals, policies, and broad considerations needed to evaluate the future economic...

Modern Competitive Analysis, 2d ed.
April 1, 1995... Economist and Yale School of Management Professor Sharon Oster offers a new approach to corporate strategic planning in Modern Competitive Analysis. It is the first strategic planning approach based on the analytic tools of microeconomic...