Business Economics articles from January 1996

Business Economics archives from January 1996

The Adam Smith address: what difference does globalization make? (speech delivered at the 30th annual meeting of the National Assn. of Business Economists, Sept. 10-13, 1995)(Transcript)
January 1, 1996... In the discussion about the impact of world trade and capital flows on the economy, much misinformation has been offered from people unfamiliar with both economic analysis and economic data that are readily available. Globalization makes very...

Presidential address: economic statistics: a call for action!
January 1, 1996... The economic data that we as business economists use in our work are threatened, and the time has come for us to join together to do something about it. Economic Data are the "raw material" of business economics. Just as a baker needs fresh...

Who needs business economists? - the future of the profession.
January 1, 1996... Profound changes in the climate for business now call for a new broader and deeperminded breed of executives, men and women who can think through and beyond the bottom line but all too often seem unprepared to do so. Today's business leaders will...

Monetary policy in a dynamic, global environment.
January 1, 1996... Changes in technology and the surge in international trade have impacted domestic monetary policy. However, these changes have not weakened the Federal Reserve's ability to affect aggregate demand, have not exposed U.S. interest rates and...

Growth strategies in the food industry.
January 1, 1996... The U.S. food industry is the largest individual manufacturing sector of the economy. Its basic growth determinant is the underlying 1 percent per annum U.S. population growth. The share of personal consumption of expenditures for food and...

The impact of proposed federal tax reforms on U.S. financial markets.
January 1, 1996... During the past year, a number of proposals for fundamental reform of the U.S. federal income tax (FIT) program have moved from the realm of academic discussion into the political arena. It is likely that one or more bills proposing to replace or...

The revival of corporate profitability in the United States.
January 1, 1996... This article presents measures of return on capital and return on equity - all of the components converted to consistent accounting on replacement-cost basis - for the U.S. nonfinancial corporate sector. In recent years, profitability has surged...

Contrasting perspectives on American and European direct investment in Japan.
January 1, 1996... This article compares and contrasts American and European direct investment in Japan on a number of dimensions. It reports on a longitudinal study of the development of European direct investment in Japan by the authors, the latest stage of which...

The business economist at work: economics in an insurance marketing environment.
January 1, 1996... LIMRA International is an insurance industry trade association serving the marketing and distribution efforts of our membership. LIMRA doesn't do economics for the sake of it. Economics is one of a number of often competing approaches that may...

A comparison of several consensus forecasts.
January 1, 1996... Four consensus forecasts have been in existence long enough to answer the question: Which consensus forecast is the best?" Several familiar error statistics, such as the mean error of forecasts, over the past twelve years seem to establish a...

Industry corner: the pesticide market and industry: a global perspective.
January 1, 1996... Pesticides or crop-protection chemicals are widely used in almost every nation around the world. Their application permits greater yield from farms and assures better storage and distribution for the output. Pesticide production in physical terms...

The statistics corner: economic statistics in the next century.
January 1, 1996... IN MY EXPERIENCE as a strategic planner, I have found it useful to step back and look at the big picture. It is very easy to get lost in the detail and not have the perspective senior managers must take - be it a CEO or a president. For that...

Statistics producers' corner.
January 1, 1996... IMPROVEMENTS IN KEY FEDERAL ECONOMIC STATISTICS SERIES Three key federal economic statistics series have been improved as the result of recently released major revisions. The major improvements incorporated into each of these series are...

The PC corner: Windows 95 reviewed.
January 1, 1996... I was originally going to devote this quarter's column to more Internet topics, but all of the hullabaloo about Windows 95 has prompted me to switch subjects. Frankly, I have not seen as much marketing hype about a product since the New Coke/Coke...

Organizing to Count: Change in the Federal Statistical System.
January 1, 1996... In this book, Janet Norwood brings her insight I and experience to bear on the issue of the best way to organize the collection and dissemination of federal statistics. The U.S. statistical system is decentralized, with major pieces strewn across...

Factor Proportions, Trade and Growth.
January 1, 1996... In most of the world, International Trade is economics, rather than being a subspecialty as in America. Increasingly, business economists are involved in trade issues, but they received little or no professional education in the subject in...

Business Ethics at Work.
January 1, 1996... Gone are the days when it can be said that "the business of business is business." Increasingly the new motto is "the business of business is ethical business." The first phrase implied that business had little interest or responsibility...