Contemporary Economic Policy articles from April 1996

Contemporary Economic Policy archives from April 1996

Transaction cost impairments to international trade: lessons from Egypt. (least developed country exporters)
April 1, 1996... I. INTRODUCTION In a world with perfect markets and zero transaction costs, penetrating international markets is a simple matter of production cost--comparative advantages determine which producers penetrate international markets and when....

Balanced budgets: economic nirvana or fiscal chaos?
April 1, 1996... I. INTRODUCTION Economic rhetoric often contributes little to an understanding of economic process and has even less to do with the facts. Nowhere is this disparity more evident than in contemporary discussions of budget balancing and...

Severity of economic fluctuations under a balanced budget amendment. (monetary and fiscal policy stabilizers)
April 1, 1996... Economists generally accept the notion that fiscal policy has been an important contributor to economic stability in the United States since World War II. The Clinton Administration founded its objections to the Balanced Budget Amendment on the...

EMU, Maastricht, and the 1996 Intergovernmental Conference. (Economic and Monetary Union)
April 1, 1996... I. INTRODUCTION: EMU BACKGROUND The Werner Report (1970) was the first concrete attempt to achieve greater monetary and economic integration between member countries of the European Union (EU). During the Werner Group negotiations, two...

Time preference, abatement costs, and international climate policy: an appraisal of IPCC 1995. (Intergovernmental Panel on Climate Change)
April 1, 1996... I. INTRODUCTION Working Group III (WG III) of the Intergovernmental Panel on Climate Change (IPCC) convened to assess the economic implications of climate change. The resulting draft report, which is a part of the Second Assessment...

A case study in pollution markets: dismal science vs. dismal reality. (California's Regional Clean Air Incentives Market)
April 1, 1996... I. INTRODUCTION Controlling pollution in a rapidly growing urban area often is a "dismal" reality. The participants in this effort--businesses, residents, community groups, labor, and policymakers--face many difficult decisions. Choices...

The SO2 emissions trading program: cost savings without allowance trades.
April 1, 1996... I. INTRODUCTION Title IV of the 1990 amendments to the Clean Air Act (CAAA) initiated a historic experiment in incentive-based environmental regulation by permitting electric generating facilities to trade allowances for emission of...

The impact of provider availability on abortion demand.
April 1, 1996... I. INTRODUCTION In the 1973 case of Roe V. Wade, the U.S. Surpreme Court ruled that states cannot prohibit a woman from having an abortion during the first trimester of pregnancy; a state can regulate abortions in the second trimester,...

Commercial banks and LDC debt reduction. (lesser developed country)
April 1, 1996... I. INTRODUCTION Much empirical literature examines the foreign debt servicing capacity of lesser developed countries (LDCs) before and after the onset of the LDC debt crisis in 1982 (Abassi and Taffler, 1982; Avramovic et al., 1968;...