American Economist articles from March 1994

American Economist archives from March 1994

Lessons from developing countries about economic policy.
March 22, 1994... For many years, economists based their policy prescriptions on several, apparently innocuous, assumptions. First, it was presumed, usually implicitly, that the entity undertaking the policy--presumably the government--had the best interests of...

My system of work (not!). (methodical economic research)
March 22, 1994... Among the signals of approaching senility, few can be clearer than being asked to write an article on one's methods of work. The profession's implied judgment is that one's time is better spent giving helpful tips to younger researchers than...

The demand for chess in the United States, 1946-1990.
March 22, 1994... I. Introduction Ever since the seminal works of Becker (1965, 1975), economists have been fascinated with how consumers allocate their time among competing demands. However, far less research has been undertaken to explain the determinants of...

An econometric analysis of money demand in Taiwan, 1950-1989.
March 22, 1994... 1. Introduction The demand for money has probably been studied more intensively than the demand for any other asset--real or financial. This interest in the demand for money is because of its central importance to both economic theory and...

Liquidity: its origins and implications in an uncertain multiperiod world with limited borrowing.
March 22, 1994... Most monetary and macroeconomic theory contains an implicit assumption that all assets and liabilities are traded in perfect markets with equal borrowing and lending rates. This paper will show that significant changes must be made in our...

External debt, growth and debt-service capacity in sub-Saharan Africa: a theoretical and empirical analysis.
March 22, 1994... Introduction The purpose of this paper is firstly, to use a simple neoclassical production function to show how capital imports can increase output in a low income nation, such as those in Sub-Saharan Africa (SSA). Secondly we will show how...

The U.S.-Canada Free Trade Agreement: impact on the U.S. steel industry.
March 22, 1994... Introduction The United States-Canada Free Trade Agreement (FTA) provides the basis for a significant expansion of U.S.-Canadian trade. Both countries should gain at the macro level of economic activity. However, specific industries within...

Beyond high school: does the high school economics curriculum make a difference?
March 22, 1994... High schools are active participants in teaching economics. In 1989 twenty-eight states required that high schools instruct students in economics, with sixteen of these states requiring at least a semester course in economics for high school...

Towards a symmetric treatment of the Marshallian demand curve in the product and factor market analyses.
March 22, 1994... There will be no economist who will feel uncomfortable in giving a precise definition of a demand curve. However, the seemingly well agreed upon notion of the conventional "demand curve" becomes rather muddy when it comes to the discussion of the...

Neoclassical development theory and the Prebisch doctrine: a synthesis. (economist Raul Prebisch)
March 22, 1994... Introduction Raul Prebisch, the late Argentinean economist, is widely acclaimed to be the father of the Latin American School of Economic Thought (LASET), which argues for a shift in the commercial policy of the developed countries to favor...

An analysis of secondary child care arrangements.
March 22, 1994... As more mothers with young children choose to participate in the labor force, the issue of child care has become increasingly important for both policymakers and academic researchers. Decisions concerning the use of child care are dependent upon...