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Business Economics articles from October 1995
Professional journal of the National Association of Business Economists covering topics such as macro and microeconomics, monetary and fiscal policy, business forecasting, international economics, and deregulation.
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Business Economics archives from October 1995
Networking and the rise of electronic commerce: the challenge for public policy.
October 1, 1995... That Adam Smith wrote The Wealth of Nations in 1776 is not a coincidence. It was only in the late 1700s, with the development of interconnected networks of roads and canals, that states such as France - which were comprised of large land masses -...
Public policy and the National Information Infrastructure.
October 1, 1995... The power of information and communications technology is exploding. The same computing power (one million instructions per second) that cost $800,000 in 1975 is available today for less than $14. The Internet, which connected 6,000 computers in...
The economic impact of information technology.
October 1, 1995... The economic impact of information technology has been a subject of a great deal of debate. For business economists, it is useful to identify how information technology (IT) is likely to impact the economy, because IT (defined as computer and...
Electronic commerce: implications of the Internet for business practice and strategy.
October 1, 1995... Advances in information technologies and electronics have resulted in two simultaneous shifts: a dramatic expansion of computing hardware and software capabilities and a dramatic fall in the unit cost of information technologies. These shifts...
The North Carolina Information Highway: a bumpy road to a better tomorrow.
October 1, 1995... "I can see every city having one" - such was the 1877 prophecy of a Western Union executive in a memo to employees. The object of these great expectations was no less than the telephone. Today the object of great expectations in the...
New signals of recession and recovery. (Center for International Business Cycle Research)
October 1, 1995... The National Bureau of Economic Research (NBER) has established a widely used chronology of business cycle peaks and troughs. The latest trough came in March 1991, and this is commonly accepted as the starting point for the current expansion. The...
Privatization in the United States.
October 1, 1995... Privatizations in the United States have been taking place at an increasing rate in recent years. As a result, business opportunities are being created in substantial numbers every day. Privitazations are caused by dissatisfaction with the high...
Contracting for power. (electricity purchasing contracts)
October 1, 1995... Contracts are economic documents as well as legal documents. They specify prices, quantities, quality, and schedules of delivery, and incorporate risk management strategies (see Goldberg, 1989, and McMillan, 1992). However, business economists...
Industry corner: global telecommunications: the market and the industry.
October 1, 1995... The central driving force behind global telecommunications is the desire of individuals and organizations to keep in touch and to be informed. The transmission of both voice and data is both pleasurable and profitable. In today's world, one can...
The statistics corner: notes on chain-weighted GDP.
October 1, 1995... BEA is shifting, at the end of this year, from fixed-weighted to chain-weighted measures of economic growth. The difference sounds - and is - arcane, but it's important.
A fixed-weight measure of output fixes the weights, i.e., determines how...
The statistics producers' corner. (sources of economic and business statistics)
October 1, 1995... The central theme of the July 1995 issue of Business Economics was economic developments outside the United States. This year's annual meeting, which was jointly held with the International Federation of Associations of Business Economists, had...
The PC corner: an economist's view of the Internet. (personal computer)
October 1, 1995... The central theme of this issue of Business Economics is information technology, so I thought I would devote this quarter's column to the Internet. By the way, the Internet was the number one topic of interest in the recent readership survey....