Contemporary Economic Policy articles from January 1996

Contemporary Economic Policy archives from January 1996

Do tax and expenditure limitations affect the size and growth of state government?
January 1, 1996... I. INTRODUCTION In 1994, voters elected a Republican congress, intent on giving more "fiscal" responsibilities to the states. Voters widely believed that giving states more fiscal responsibility would help control the overall size and growth...

North American Free Trade Agreement bilateral trade effects.
January 1, 1996... I. INTRODUCTION After several years of debate, the U.S. Congress on November 17, 1993, narrowly ratified the North American Free Trade Agreement (NAFTA), which went into effect January 1, 1994. The agreement links the United States with its...

EC integration and Japanese foreign direct investment in the EC. (European Community)
January 1, 1996... I. INTRODUCTION In the late 1980s, Japanese manufacturing foreign direct investment (hereafter, Japanese FDI) in the European Community (EC) countries was unprecedented, and its surge was concomitant with EC market integration. The annual net...

Implications of liberalized European labor markets.
January 1, 1996... I. INTRODUCTION The recent collapse of the European Exchange Rate mechanism has led to great uncertainty regarding the future shape of European union. If and when the process of integration resumes, the structure and conduits of labour markets...

Aviation deregulation in the European Union: do actors learn in the regulation game?
January 1, 1996... I. INTRODUCTION U.S. deregulatory aviation policies have exercised significant demonstration effects on other countries. As a result, some countries are beginning to adopt similar policies.(1) These policies are tailored to meet local and...

Market structure, program diversity, and radio audience size.
January 1, 1996... I. INTRODUCTION In the last 50 years, theorists have developed several hypotheses on the links between market structure, product diversity, and audience size in mass media markets. Theoretical models suggest that these links are especially...

Welfare loss of wetlands disintegration: a Louisiana study.
January 1, 1996... I. INTRODUCTION Estimated current Louisiana wetlands total between 2.9 (Alexander et al., 1986) and 3.1 million acres (Titus et al., 1991). They represent between 31 percent and 37 percent of U.S. coastal vegetated wetlands (Titus et al.,...

CERCLA and deep pockets: market response to the Superfund program. (Comprehensive Environmental Response, Compensation and Liability Act)
January 1, 1996... I. INTRODUCTION The Comprehensive Environmental Response, Compensation and Liability Act (CERCLA or "Superfund") and subsequent amendments and reauthorizations form the core of the federal government's program to address hazardous waste...

Do-it-yourself and energy conservation.
January 1, 1996... I. INTRODUCTION Families that install their own household equipment may be less inclined to purchase energy-saving equipment than are families that pay for installation. This empirical finding is predictable through sensible and transparent...