Business Economics articles from January 2006

Business Economics archives from January 2006

From the editor.(Editorial)
January 1, 2006... The January issue of Business Economics typically includes the previous year's Adam Smith Award address and an address by NABE's outgoing president. Fortunately, the practice continues. NABE's annual Adam Smith Award is "based upon...

Potential growth of the U.S. economy: will the productivity resurgence continue? Available evidence suggests persistence of healthy productivity change and economic growth.
January 1, 2006... This paper analyzes the sources of U.S. productivity growth through 2004 and presents medium-term projections for the U.S. economy. We attribute a substantial portion of productivity gains over the past decade to production and use of...

Information technology and the data jungle: more data are available faster, but the search for meaning continues.
January 1, 2006... This stroll down memory lane highlights the changes brought about by technology that enable economists to process more data faster than could have been imagined when Marcuss began her career in 1968. The challenges of the "data jungle" remain,...

Saving for retirement: understanding the importance of heterogeneity; Retirement is only one aspect of complex saving behavior.
January 1, 2006... A large number of households spend much of their working lives not engaged in saving for retirement, in contrast to the basic proposition that motivates the life-cycle model of consumption. This article discusses the relationship between this...

India and the global economy: vast potential but also difficult challenges.
January 1, 2006... India's booming knowledge-based sectors demonstrate the power of globalization to transform developing economies. For India, however, these industries are just part of its contribution to the global economy. For a more nuanced picture of...

Using neural nets to forecast the unemployment rate: a promising application of an emerging quantitative method.
January 1, 2006... This paper identifies leading indicators of the unemployment rate. Forecasts of the unemployment rate are obtained with an econometric model, and with an artificial neural network. Both model-based forecasts outperform forecasts from the Survey...

A Chain-Type price index for new business jet aircraft: industry-specific price indices yield valuable insights.
January 1, 2006... This paper presents a price index constructed to measure the real price and real output of corporate business jet aircraft. It employs a chained price index methodology to properly account for the effect of changes in aircraft quality and...

Regulatory reform and the U.S. manufacturing sector: the focus is on improving efficiency.
January 1, 2006... The Bush administration, through the Office of Management and Budget, Office of Information and Regulatory Affairs (OMB/OIRA), has shown renewed interest in regulatory reform as an important public issue, especially as it pertains to the...

Housing costs in the CPI: what are we measuring?(FOCUS ON STATISTICS)(Consumer Price Index )
January 1, 2006... The treatment of owner-occupied housing in the Consumer Price Index has long been a subject of confusion and consternation. Thus, a session to explore the issues was organized at the National Association for Business Economics Annual Meeting in...

Freakonomics: A Rogue Economist Explores the Hidden Side of Everything.(Book review)
January 1, 2006... Freakonomics: A Rogue Economist Explores the Hidden Side of Everything. By Steven D. Levitt and Stephen J. Dubner. 2005. New York, NY: Harper Collins. Pp 256, $25.95, hardcover, $29.95, (6) compact discs. An initial reaction to the...

Flying on One Engine: The Bloomberg Book of Master Market Economists: Fourteen Views on the World Economy.(Book review)
January 1, 2006... By Thomas R. Keene, ed. 2005. New York, NY: Bloomberg Press. Pp. 304, $39.95 hardcover. Economic commentaries by the fourteen respected Wall Street economists contributing to this book already have met the market test: people pay to read...

NABE calendar of events.(Calendar)
January 1, 2006... 2006 (Partial Listing) March 13-14 22nd Annual Annual Washington Economic Policy Conference-Gather real intelligence you can use Immediately on the likely direction and effects of ...