Business Economics articles from October 1996

Business Economics archives from October 1996

The future of oil.(Energy in the Twenty-First Century)
October 1, 1996... Unlike the other energy forms, oil is a global business. While coal and gas are internationally traded, they are small relative to the trade in oil: 53 percent of oil is internationally traded, 17 percent of gas (although most of this is by...

The future of electricity.(Energy in the Twenty-First Century)
October 1, 1996... When one thinks of the industries that will undergo the most rapid change over the next five years, the computer, software, telecommunications, and health care industries immediately come to mind. However, the one industry that is likely to...

Natural gas in the twenty-first century.(Energy in the Twenty-First Century)
October 1, 1996... The Natural Gas Industry, like the electricity industry, closes the century in the throes of revolution. The wellhead-to-burnertip regulation and control that characterized most of the industry's development in the twentieth century is being...

Directions for U.S. energy conservation and independence.(Energy in the Twenty-First Century)
October 1, 1996... Many analysts and policy makers see energy conservation and independence as desirable goals for U.S. energy policy. These were among the stated goals when the Clinton administration proposed the so-called "Btu tax" in 1993. Yet, virtually all...

Consolidation and convergence of financial institutions.
October 1, 1996... Evolution bordering in its rapidity on revolution is unfolding before our eyes in the provision of financial services. Evolution is difficult to recognize as it occurs, in good part because the eventual outcome remains uncertain. Nevertheless,...

Chain-type measures of real output and prices in the U.S. national income and product accounts: an update.
October 1, 1996... The most important improvement in the 1996 comprehensive national income and product account (NIPA) revision was the introduction of a new methodology for calculating changes in real output and prices. In BEA's previous method, the change in real...

Forecast accuracy: are some business economists consistently better than others?
October 1, 1996... This paper evaluates the forecast performance of a core group of participants in the semiannual survey of economic predictions reported by The Wall Street Journal (WSJ). Studies examining individual forecast accuracy of other economic forecast...

The business economist at work: linking economics to market research: A.C. Nielsen.
October 1, 1996... In the never-ending quest for new applications of economic skills, I think I have a new one: media communications support. As Director of Research within A.C. Nielsen's Communications Department, I am the only "numbers" person around. While...

Industry corner: lighting the way: the U.S. lamp industry, 1985-2005.(Industry Overview)
October 1, 1996... While a mature industry, lamp-making in the United States is showing signs of revitalization. This resurgence is due in part to a shift in the lamp product mix and in part to an expansion of both the replacement market and new applications. Low...

Statistics corner: nonfarm payroll employment data: benchmark revisions and improvements in methodology.
October 1, 1996... Because of recent sharp reactions in the financial markets to the nonfarm payroll employment data released early each month, we have asked the Bureau of Labor Statistics to provide us with some detail on the revisions and the reasons for the...

Urban Economics and Real Estate Markets.
October 1, 1996... Real-estate markets involve participants from virtually every walk in life. They range from single persons living in one-room studio apartments to large-scale manufacturers seeking low-cost public utilities near major transportation facilities....

Getting It Right: Markets and Choices in a Free Society.
October 1, 1996... Robert Barro is a well-known economist who is also known outside the profession as a contributing editor for The Wall Street Journal. In this book, Barro tries to synthesize these two very different roles. Covering an array of topics related to...

Pop Internationalism.
October 1, 1996... Members of NABE know Paul Krugman first because of book reviews in this journal and later his 1995 Adam Smith Address. Academic economists associate him with leadership in the "New Trade Theory." The field is hardly new now that the American...