Business Economics articles from October 2005

Business Economics archives from October 2005

From the editor.(Editorial)
October 1, 2005... This issue leads off with the 2005 winner of the Edwin A. Mennis Award, given annually to a NABE member for the best paper in an open contest. The author, Thomas F. Siems, calls attention to an underappreciated contributor--innovations in...

Who supplied my cheese? Supply chain management in the global economy: innovations have profound macroeconomic effects.
October 1, 2005... Today, with an Internet connection and some specialized skills, individuals and companies located in the remotest ends of the earth can compete and collaborate globally. This paradigm shift has occurred as technological forces, the fracturing...

Are center cities the engines of growth for their suburbs? A re-evaluation of the economic relationship using evidence from Virginia's metropolitan areas.
October 1, 2005... For decades, center cities of metropolitan areas were regarded as the growth engines of their suburbs. However, this paradigm has been shifting in the past twenty years in Virginia, where suburbs have been growing faster than center cities....

China's demographic destiny and its economic implications: population changes will impact China's long-term economic growth and global competitiveness.
October 1, 2005... China appears to be at the edge of an historic demographic transition, setting the country on a path to grow old before it becomes prosperous. This paper presents a detailed picture of the current population dynamic and analyzes the...

Diverging measures of capacity utilization: an explanation; The differences between the federal reserve board and the institute for supply management measures are more apparent than real.
October 1, 2005... In the wake of the recent recovery in manufacturing production, the capacity utilization rates published by the Federal Reserve Board (FRB) have rebounded much more slowly than those published by the Institute for Supply Management (ISM). As a...

Efficiency in IPO issuance processes? A case study of Google's IPO--the advantages of online auctions may be more theoretical than real.(initial public offerings)
October 1, 2005... Is the online auction an efficient mechanism for pricing initial public offerings (IPOs)? Its intent was to minimize first day price surges in IPOs, which represented "money left on the table" for issuers. Evidence from Google's IPO suggests...

Erratum.(Correction Notice)
October 1, 2005... In Susan Sterne's article, "It's All About Wealth," in the July 2005 issue, the heading on Figure 5 was incorrect. The correct figure should be: This correction has already been made in the article on www.nabe.com.

Architecture Billings as a Leading Indicator of Construction: analysis of the relationship between a billings index and construction spending.
October 1, 2005... Due to the size and cyclicality of construction, a premium is placed on accurately predicting nonresidential construction trends, particularly at turning points in the construction cycle. Given that construction decisions are made by hundreds...

The sensitivity of the general price level to changes in the price of crude oil.(FORUM ON EMERGING ISSUES)
October 1, 2005... Between January 2004 and May 2005, the U.S. refiner acquisition cost of a composite of imported and domestic crude oil rose at an annual rate of almost 30 percent in nominal terms (Energy Information Administration, 2005). This increase...

Federal economic statistics: we are on the right track.(FOCUS ON STATISTICS)
October 1, 2005... Some things in Washington do work. The Bush Administration, Congress, statistical agencies, and data users have banded together to improve the country's economic statistics in recent years. We have added to the resources available to the...

A Call to Action: Taking Back Healthcare for Future Generations.(Book Review)
October 1, 2005... A Call to Action: Taking Back Healthcare for Future Generations. By Hank A. McKinnell. 2005. New York, NY: McGraw-Hill, Pp. 256, $27.95. This book's prescription for the U.S. health care system is a fundamental paradigm shift. Lack of...

Three Billion New Capitalists: The Great Shift of Wealth and Power to the East.(Book Review)
October 1, 2005... Three Billion New Capitalists: The Great Shift of Wealth and Power to the East By Clyde Prestowitz. 2005. New York, NY: Basic Books, Pp. 321. $26.95 Hardcover. Former Reagan administration trade official Clyde Prestowitz has gotten it...