Business Economics articles from July 1994

Business Economics archives from July 1994

The misunderstood role of small business.
July 1, 1994... THE ROLE of small business in the economy is a source of frequent debate and even misinterpretation because no definitive, publicly available database exists to support research. Therefore, sources of data about small businesses range from...

Small business and job creation: dissecting the myth and reassessing the facts.
July 1, 1994... FEW IDEAS about the U.S. economy reap greater homage in public discourse than the belief that small businesses are the fountainhead of job creation. Such claims about small business's ability to generate jobs are frequently presented as...

Small business job creation: the findings and their critics.
July 1, 1994... SMALL BUSINESS is now widely regarded as the principal generator of net new employment in the United States. When first introduced fifteen years ago, the idea was revolutionary. Few economists or policy analysts gave smaller firms a passing...

Small business, growth patterns and jobs.
July 1, 1994... MOST REPORTS on the role of small business in job creation focus on the manufacturing sector because of data availability. However, it is also important to analyze the economy as a whole, because manufacturing accounts for only a small fraction...

Insights from the venture capital model of project governance.
July 1, 1994... ONE OF THE more interesting anomalies in economics concerns the venture capital industry. American venture capitalists have disbursed a modest amount of capital during the past twenty years -- on the order of $3 billion annually, compared to $400...

Is big really bad? (large corporations)
July 1, 1994... THE RECENT growth in importance of the small firm as a job generator combined with the highly visible problems of many mega corporations has raised the issue of firm size in a new dress. While some of this small firm strength results from the...

An appropriate corporate and financial strategy for successfully investing in the Japanese market.
July 1, 1994... RECENTLY, the U.S. government made keiretsu, or the Japanese corporate integration system, one of the most significant topics at bilateral negotiations for the Structural Impediments Initiative (SII) talks (1989-90). Throughout the talks, it...

The business economist at work: Monsanto Company.
July 1, 1994... THE JOB of the business economist has become increasingly varied. During the past decade as the number of full time economists working in the business world, especially in industry, has diminished, one of the more successful career plans has been...

Industry corner: bioremediation.
July 1, 1994... WHY SHOULD the business economist care about the environment in his or her professional capacity? There are at least two key reasons. First, being environmentally aware, the business economist can warn colleagues about the "storm signals" in the...

The impending restructuring of the electric utility industry: causes and consequences - a comment. (response to R. Charles Moyer, Business Economics, October 1993)
July 1, 1994... I NOTED the thoughtful and thought-provoking article by R. Charles Moyer, "The Impending Restructuring of the Electric Utility Industry: Causes and Consequences," published in the October 1993 issue of Business Economics. Dr. Moyer succinctly...

The statistics corner: update on census bureau economic data programs.
July 1, 1994... CENSUS BUREAU economic data programs have changed and improved since my last guest article in The Statistics Corner. This article outlines program developments since mid-1988 that may interest business economists, including the 1992 economic...

Invisible, Outlawed and Untaxed: America's Underground Economy.
July 1, 1994... SOME ECONOMISTS are fond of quibbling over the significance of small changes in reported GDP. They would be well advised to take a closer look at the literature on the underground economy, which claims that national output in the United States...