Contemporary Economic Policy articles from October 1994

Contemporary Economic Policy archives from October 1994

Environmental problems of Pacific Rim development.
October 1, 1994... Hall: This panel will focus on the environmental, natural resource, and ecosystem issues that are arising as the Asian countries of the Pacific Rim develop, some at extraordinary rates of economic growth, There are a number of unique challenges,...

Impacts of privatization policy in Europe.
October 1, 1994... I. INTRODUCTION The 1980s witnessed substantial privatisation in most industrialised countries (see Swann, 1988; Kay et al., 1986; Jenkinson and Mayer, 1986). The extent, form, and pace of change have varied but the general trend has been...

Commercialization of indigenous genetic resources.
October 1, 1994... I. INTRODUCTION Living organisms produce chemicals for repelling pests and resisting infections. These chemicals might be of considerable commercial value in agricultural, industrial, or, particularly, pharmaceutical applications if they could...

Growth of U.S. health care spending.
October 1, 1994... I. INTRODUCTION Health care currently is a major national concern. The fraction of Gross Domestic Product (GDP) that is allocated to the health care sector has more than doubled from 1960 to 1990. Many fear that this fraction will continue to...

Employee participation: an evaluation of labor policy alternatives.
October 1, 1994... I. INTRODUCTION The National Labor Relations Board's (NLRB) Electromation decision has generated intense concern regarding the legal status of employee participation (EP) programs. The NLRB found that an EP program dealing with wages and...

A model for standard setting: high definition television.
October 1, 1994... I. INTRODUCTION Standardization involves both coordination and conflict. The case of high definition television demonstrates the relationship between these two opposites. This paper reviews the importance of HDTV, presents a model for the...

Effects on interest rates of immediately releasing FOMC directives. (Federal Open Market Committee)
October 1, 1994... I. INTRODUCTION Each meeting of the Federal Open Market Committee (FOMC) generally focuses on short-run operations that are consistent with long-run objectives such as price stability. When the FOMC reaches a consensus about the general stance...

Cultural accounting: an example from a small Caribbean island.
October 1, 1994... I. INTRODUCTION The cultural accounting matrix approach (CAM) in the present study is a version of the extended input-output, or social accounting matrix approach, that analysts widely apply at the national and regional levels. Hicks (1942)...

Pollution prevention as public policy: an assessment.
October 1, 1994... I. INTRODUCTION In 1990, Congress passed the Pollution Prevention Act, which lays out a hierarchy of approaches for firms as they address pollution problems. Under the law, the optimal strategy is to prevent or reduce pollution at the source...

Designing pollution market instruments: cases of uncertainty.
October 1, 1994... I. INTRODUCTION The economics and regulatory policy literature is replete with theoretical proposals for establishing market based approaches to environmental regulation. After nearly 30 years of offering proposals for marketable permit...