Contemporary Economic Policy articles from April 2004

Contemporary Economic Policy archives from April 2004

Joint ventures, universities, and success in the advanced technology program.(National Insitute of Standards and Technology, risk and resource management)
April 1, 2004... I. INTRODUCTION The Advanced Technology Program (ATP) at the National Institute of Standards and Technology (NIST) aims to fund enabling technologies that firms are not likely to pursue in a timely way without the ATP. The role of the ATP...

Are faculty critical? Their role in university-industry licensing.
April 1, 2004... 1. INTRODUCTION Are faculty critical to university--industry licensing? The short answer is, of course, yes because without faculty there would be no university inventions to license. To stop here, however, would be short-sighted, because...

Economic competition and evolution: are there lessons from ecology?(analogy)
April 1, 2004... I. INTRODUCTION Concepts of competition are central to most economic and ecological modeling (Eldredge, 1997; Hodgson, 1994), and in the case of ecology, competition, optimization, and evolution are closely linked. Although there is less...

The impact of sector-specific and economy-wide policy reforms on the agricultural sector in Brazil: 1980-98.
April 1, 2004... I. INTRODUCTION The Brazilian economy began a process of restructuring in the 1990s as a result of dramatic changes in economic policy. The government abandoned policies associated with the import substitution industrialization (ISI) model...

Financial innovation and Divisia money in Taiwan: comparative evidence from neural network and vector error-correction forecasting models.
April 1, 2004... I. INTRODUCTION A standard result of most textbook macroeconomic models that include money and prices is that changes in the money supply lead eventually to proportional changes in the price level, or, alternatively, long-run rates of...

Global linkages of subnational regions: coastal exports and international networks.
April 1, 2004... 1. INTRODUCTION Trade issues have traditionally been analyzed at the level of the nation-state. Indeed, in international trade literature a country functions largely as a monolithic black box. For a large country, such as the United...

Depositor liquidity and loss sharing in bank failure resolutions.
April 1, 2004... I. INTRODUCTION Bank failures give rise to a number of widespread fears. Among these is the fear of depositors that, if uninsured, they may suffer losses in the current value of their deposits and that, whether insured or not, they may not...

Dynamic relationships among GCC stock markets and NYMEX oil futures.(Gulf Coopertion Council, New York Mercantile Exchange)
April 1, 2004... 1. INTRODUCTION The Gulf Cooperation Council (GCC) is a customs union that consists of six members, including four major oil-exporting countries, which are important decision makers in the Organization of Petroleum Exporting Countries...

Inefficient education spending in public school districts: a case for consolidation?(No Child Left Behind Act of 2001, state budgets)
April 1, 2004... 1. INTRODUCTION The passage of the No Child Left Behind Act of 2001 (Public Law 107-110) highlights the continuing problems associated with funding quality primary and secondary public education in the United States. In large part, this...

The education/growth relationship: Evidence from Real State Panel Data.(resource allocation essentials)
April 1, 2004... I. INTRODUCTION State and local policy makers face a myriad of competing demands for the scarce resources available for allocation. Among programs competing for funding that the authors are interested in here are primary and secondary...

The demand for cigarettes in the Republic of Korea and implications for government policy to lower cigarette consumption.
April 1, 2004... I. INTRODUCTION Demand functions for cigarettes and tobacco products have been investigated for many countries. (1) However, cigarette consumption in the Republic of Korea (hereafter South Korea) has not been studied despite the fact that...