Contemporary Economic Policy articles from April 1995

Contemporary Economic Policy archives from April 1995

The Great Depression reconsidered: implications for today.
April 1, 1995... I. INTRODUCTION The Great Depression hit the United States far harder than any other industrial economy. From about $104 billion in 1929, the U.S. GNP collapsed to $55.6 billion in current prices by the 1933 low. Even by 1940, America's GNP,...

Profit sharing and employee ownership: policy implications.
April 1, 1995... I. INTRODUCTION Should public policy encourage certain types of pay systems through subsidies (usually via the tax code) and information spreading? The kinds of pay systems typically seen as worthwhile targets for public policy are (i) profit...

A quality policy for America.
April 1, 1995... I. INTRODUCTION On March 4, 1993, Bill Clinton became the latest in a series of presidents to declare war on waste in the federal government. Use of Total Quality Management (TQM), he said, would be one of the features separating this attempt...

Government support for profit sharing, gainsharing, ESOPs, and TQM. (employee stock ownership plans; total quality management)
April 1, 1995... I. INTRODUCTION It is hard to find an industrialized country today that does not have a policy for promoting increased participation by workers in the management, ownership, or financial performance of their firms. Germany, for example, has...

A macroeconomic perspective of AFTA's problems and prospects. (Asean Free Trade Area)
April 1, 1995... I. INTRODUCTION The formation of ASEAN and the impressive economic performance of most of its members have increased the weight of the region's views in world fora. However, ASEAN has not succeeded in increasing intraregional trade and foreign...

Identifying credit crunches.
April 1, 1995... I. INTRODUCTION The term "credit crunch" has its roots in the unusually tight credit conditions that existed in the United States in the late summer of 1966, when reports of borrowers unable to obtain credit at any price were common. Before...

Air quality policy in developing countries.
April 1, 1995... I. INTRODUCTION Air pollution is an ubiquitous environmental threat. Seventy percent of the world's urban population breathes unsafe air. More than one billion people live in cities with unhealthy levels of suspended particulate matter. From...

External health costs of a steel mill.
April 1, 1995... I. INTRODUCTION This study estimates some of the external health costs associated with the operation of an integrated steel mill in Utah Valley. The mill is the largest source of particulate air pollution in Utah Valley and was closed for...

Residential rural solar electricity in developing countries.
April 1, 1995... I. INTRODUCTION This paper analyzes the current market conditions that influence the adoption and maintenance of solar electricity systems in developing countries. Renewable solar power may offer a different route to higher living standards...

Electricity conservation: consumer rationality versus prospect theory.
April 1, 1995... I. INTRODUCTION Efficient use of electric power is an important economic issue. Based on engineering data, the annualized cost of investments in energy efficiency starts as low as 0.5 cents per kilowatt hour while the 1989 average price of...

Grazing on public rangelands: an evolving problem of property rights.
April 1, 1995... I. INTRODUCTION Vast tracts of publicly managed rangelands in the western United States afford income opportunities to industrial users, as well as abundant opportunities for public enjoyment. The 244 million acres of land within grazing...