Contemporary Economic Policy articles from January 2000

Contemporary Economic Policy archives from January 2000

WORLD OIL: THE GROWING CASE FOR INTERNATIONAL POLICY.(Brief Article)
January 1, 2000... NEHA KHANNA [*] Can the economic theory of depletion be reconciled with low petroleum prices? This article uses a revision of the theory, which reflects demand functions that rise in response to increasing world population and income. The...

AFRICAN ELEPHANTS: THE EFFECT OF PROPERTY RIGHTS AND POLITICAL STABILITY.(Statistical Data Included)
January 1, 2000... MICHAEL L. NIESWIADOMY [*] African elephant populations have declined by more than 50% over the past 20 years. International outrage over the slaughter led to a worldwide ban on ivory sales beginning in 1989, despite the objections of many...

WHAT DO SCHOOLS PRODUCE? IMPLICATIONS OF MULTIPLE OUTPUTS IN EDUCATION.(Statistical Data Included)
January 1, 2000... JENNIE W. WENGER [*] This article introduces the hypothesis that secondary schools create at least two competing "outputs"--standardized test scores and high school completion--which may be seen as substitutes. This hypothesis provides an...

WHO PAYS FOR MINOR LEAGUE TRAINING COSTS?
January 1, 2000... LAWRENCE HADLEY [*] As an alternative to monopsonistic exploitation, the underpayment of players in major league baseball may be explained as the attempt by owners to recoup general training expenses. In this article, a method is proffered...

VALUE OF PUBLIC GOODS FROM SPORTS STADIUMS: THE CVM APPROACH.
January 1, 2000... JOHN C. WHITEHEAD [*] Many state and local governments have subsidized the construction of arenas and stadiums for the use of professional sports teams. They often justify the subsidies by claiming the projects generate valuable public...

THE EFFECTS OF THE URUGUAY ROUND: EMPIRICAL EVIDENCE FROM U.S. INDUSTRY.
January 1, 2000... BERNARD YEUNG [*] This article uses an event study to evaluate the anticipated results of the Uruguay Round on U.S. industry, Economists commonly use computable general equilibrium (CGE) models to predict the net economic efficiency...

DO GERMAN, JAPANESE, AND U.S. EXPORT PRICES ASYMMETRICALLY RESPOND TO EXCHANGE RATE CHANGES? EVIDENCE FROM AGGREGATE DATA.
January 1, 2000... SAEID MAHDAVI [*] This article estimates the responses (elasticity coefficients) of the export price index to appreciation and depreciation of the nominal effective exchange rate using quarterly data (1973:1-1997:2) for Japan. Germany, and...

WHY IS U.S. DIRECT INVESTMENT IN CHINA SO SMALL?
January 1, 2000... KEVIN HONGLIN ZHANG [*] While the United States is the largest source of foreign direct investment (EDI) in the world, and China is the largest FDI recipient among developing countries, U.S. direct investment (USDI) in China has been...

INTEGRATION OF RICE MARKETS: THE CASE OF SOUTHERN CHINA.
January 1, 2000... LIANG B. CHEN [*] In this article, integration of rice markets in southern China is analyzed using the cointegration technique and monthly price data. Results show that there is a general lack of integration among the indica rice markets...

GOVERNMENT PURCHASES, GOVERNMENT TRANSFERS, AND THE POST-1970 SLOWDOWN IN U.S. ECONOMIC GROWTH.
January 1, 2000... CHRISTIAN E. WEBER [*] This article shows that the post-1970 slowdown in U.S. economic growth can be explained by a shift in fiscal policy away from government purchases and toward transfer payments. Two endogenous growth models that...

CROWDING-OUT AND CROWDING-IN EFFECTS OF THE COMPONENTS OF GOVERNMENT EXPENDITURE.
January 1, 2000... STEPHEN M. MILLER [*] This article examines the effects of disaggregated government expenditure on investment using fixed- and random-effect methods. Using the government budget constraint, the analysis explores the effects of tax- and...