Business Economics articles from January 1992

Business Economics archives from January 1992

The Adam Smith address: education, labor force quality, and the economy. (Transcript)
January 1, 1992... Education and other human capital are important in promoting economic growth and a strong position in international markets. The U.S. needs to upgrade its average labor force quality. This paper presents a number of...

NABE presidential address: business economists, forecasting, and markets. (National Association of Business Economists) (Transcript)
January 1, 1992... Business economists are again concerned about the current status and the future of the profession. A review of the past forecasting record provides mixed results: GNP and inflation forecasts better than "no change,"...

Economic growth and policy in the nineties. (Transcript)
January 1, 1992... Government projections call for economic growth in 1992-96 of 3 1/4 percent a year. The determinants of long-run growth are demographics and productivity. Both of these can be influenced by public policy. A long-term...

International perspective: trading with Japan: why the U.S. loses - even on a level playing field. (Transcript)
January 1, 1992... Unlike U.S. firms, Japanese firms do not seek to maximize profits, either short or long run. Instead, Japanese firms seek to maximize growth, maximize market share, maximize employee welfare, or promote company prestige....

Reestablishing private business in previously socialist economies. (Transcript)
January 1, 1992... Privatization will proceed at differing rates in socialist economies, depending on prior experience with competition and with private businesses. To be successful, inefficient businesses must be allowed to fail. Owners...

Low U.S. saving: increase it by reducing the federal deficit.
January 1, 1992... In spite of the federal deficit-reduction package enacted October 1990, the deficit remains huge and national saving is still very low. In reconsidering the issue of U.S. saving, this article concludes: (1) Low national...

Appreciating U.S. saving and investment. (includes reply) (Transcript)
January 1, 1992... In this paper, the authors challenge the validity of some standard national saving and investment statistics. By using alternative measures, they conclude that U.S. saving and investment held up reasonably well in the...

Defense reductions and U.S. manufacturing.
January 1, 1992... The manufacturing sector should experience a 125,000 increase in nondefense employment between 1990 and 1994. However, these gains should be more than offset by a decline of 405,000 defense-related manufacturing jobs....

The business economist at work: the economics function at the Colorado Legislative Council.
January 1, 1992... The Economics Department of the Colorado Legislative Council is a nonpartisan research group. Its chief function is to provide the General Assembly with reliable revenue forecasts used to prepare the state budget, which...

Statistics corner: revising classifications of economic activity.
January 1, 1992... ON NOVEMBER 6-8, 1991 the U.S. Bureau of the Census sponsored an International Conference on the Classification of Economic Activity in Williamsburg, Virginia. The conference was organized by the Bureau in response to the increasing criticism...

Research notes: financing plant and equipment expenditures.
January 1, 1992... With this issue, we offer a new feature that may catch on with our readers. Occasionally as a part of our research we all encounter an interesting idea that doesn't warrant a full-length article but might be of interest to other business...

Innovation and small firms.
January 1, 1992... THE PERCEPTION that invention and innovation are merely the purview of the large corporation has taken strong root in American business history. The authors set out to change this view by quantifying the effects of technical contributions made...