Business Economics articles from October 2004

Business Economics archives from October 2004

From the editor.(Editorial)
October 1, 2004... This issue, as is most often the case, covers a wide range of the different aspects of the complex world faced by those who use economics in business. In particular, it starts with the winning papers of this year's contributed paper contest....

Pocketbook predictions of presidential elections: pocketbook variables are almost always good indicators of electoral outcomes.
October 1, 2004... Political scientists have long known that "pocketbook issues" strongly affect the fortunes of presidents and other political leaders. Economists studying this relationship have established that certain economic factors--such as growth in...

The future small business workforce: will labor shortages exist? The available evidence is less than perfect.
October 1, 2004... Several economic and demographic trends make it unlikely that small business owners will face future labor shortages. This is due to three factors: postponing the retirement of current workers, the continued influx of immigrants, and an...

Corporate tax harmonization for the single market: what the European Union is thinking; Bottom-line issues for American business.
October 1, 2004... When corporations operate in several jurisdictions that impose income taxes, it is necessary to divide taxable income among them. The Commission of the European Communities proposes that the European Union shift from individual national...

Forecasting unemployment: a small business-survey model; Small business plans and expectations provide accurate and timely forecasts of national employment.
October 1, 2004... The National Federation of Independent Business (NFIB) has surveyed its membership (numbering over 600,000 member firms) since 1973 about economic decisions and expectations. In this paper, responses to questions about plans to create new jobs...

The labor market in post-reform China: history, evidence, and implications; China's labor cost advantages are shifting but will remain formidable.
October 1, 2004... Concern over China's growing economic power has focused attention on its prevailing wage, which--in spite of recent strong growth--remains a fraction of that of the industrialized countries. This paper analyzes the recent history and current...

BEA improves consistency and timeliness of industry accounts.(FOCUS ON STATISTICS)(Bureau of Economic Analysis )
October 1, 2004... Measures of industry value added from the benchmark and annual input-output (I-O) accounts and from the gross-domestic-product (GDP)-by-industry accounts have been prepared by the Bureau of Economic Analysis (BEA) for many years. Until...

The California Department of Finance.(ECONOMICS AT WORK)
October 1, 2004... Deep in the bowels of the California Department of Finance, a small group of economists toils at producing the economic forecast on which the governor's budget is based. It's not glamorous work, and too often it seems thankless; but it...

The Economic Approach to Law.(Book Review)
October 1, 2004... The Economic Approach to Law By Thomas J. Miceli. 2004. Stanford, CA: Stanford University Press. Pp 408, $85.00 hardcover. Business economists use economic principles to help understand and solve problems. Since litigation affects...

The Blue Chip Murders: A Business Mystery.(Book Review)
October 1, 2004... The Blue Chip Murders: A Business Mystery By William T. Wilson, 2004. Lincoln, NE: iUniverse, Inc. Pp 262. $17.95 paper; $ 27.95, hardcover. What might your reaction be to an increasingly violent string of murders, each coinciding...

Errata.(Correction Notice)
October 1, 2004... In the July issue, the following corrections were made in the www.nabe.com versions of these articles shortly after they were put online. Hugh Schwartz in his article, "The Economic Analysis Underlying Corporate Decision Making," requested...