International Advances in Economic Research articles from May 1999

International Advances in Economic Research archives from May 1999

The East German Disease Revisited.(Brief Article)
May 1, 1999... This paper attempts to explain the development of the East German economy since the political, social, and economic union with West Germany in 1990. An earlier contribution [Greiner et al., 1994] showed the different effects that produced joint...

Dynamics of the Economic Transition in Poland: An Attempt at Interpretation.(Brief Article)
May 1, 1999... The objective of this analysis is to describe, interpret, and assess the socioeconomic changes that took place in Poland during 1989 to 1997. This is a dynamic approach that considers the relationships that exist between successive phases of...

The Czech Economic Crisis: Policy Revenge?(Statistical Data Included)
May 1, 1999... The current Czech economic crisis is defined and its causes are analyzed. The role of policies followed after the collapse of communism--especially the privatization strategy, macroeconomic stabilization (based on a balanced budget and a stable...

Tendering Procedures and Buy-National Policies.(Statistical Data Included)
May 1, 1999... This paper will examine the possible impact of restricted and negotiated procedures to the industrial structure of sectors operating in public procurement. These two tendering procedures may operate on a given activity with other nontariff...

Inflation Processes in Poland during the Transformation Period.
May 1, 1999... From 1989 to 1997, the price of goods and consumer services rose very quickly under the influence of strong inflationary processes that took place in the Polish economy. Those processes were also present during the time of a centrally...

Forecasting Economic Magnitudes with Neural Network Models.
May 1, 1999... This paper is an introduction to artificial neural networks as a statistical and econometric tool. The fundamentals of the theory are presented and two applications illustrate the power of artificial neural networks in predicting results. (JEL...

Consumer Theory Based on the Marginal Rate of Substitution Function.
May 1, 1999... This paper presents an alternative structure of demand theory based on a marginal rate of substitution (MRS) function. The theory's new results include, first, criteria are derived for goods to be normal (inferior), ordinary (Giffen), and...

The Unemployment Structure in Poland: A Spatial Approach.
May 1, 1999... This paper presents the application of taxonometric methods to the spatial variations in Polish unemployment. Cross-section and time series analysis refers to the changes in the unemployment structure according to some demosocial...

The Dynamics of Crop Sectors in Regional Development: The Case of Tobacco.
May 1, 1999... Introduction The importance of specific crop sectors can be better cast in a broader framework to account for intersectoral effects. Input-output analysis can provide this framework to assess the importance of the controversial crop,...

An Econometric Approach to Assessing Teaching Effectiveness.(Brief Article)
May 1, 1999... Teaching effectiveness is often assessed by comparing an instructor's average student evaluation score to that of other instructors. Two problems arise with this practice. First, student evaluations do not necessarily measure student learning....

Capitalism and Capital Formation in Northern Italy during the Thirteenth Century.(Brief Article)
May 1, 1999... This paper is a critical review and confutation of the well-known Sombart's theory in which the medieval merchant (far from being the prototype of the modern capitalist dominated by the idea of gain) is described as a simple craftsman,...

Is a Race to the Bottom Rational? Evidence from a Differential Game.
May 1, 1999... This paper uses a two-good, two-region differential game to explore the question: Should environmental regulations be carried out locally or centrally? An advantage of modeling pollution control within a differential game is that a player's...

Representing Transition Countries with Computable General Equilibrium Models.
May 1, 1999... The effects of the integration of transition countries into the European Union will be manifold. Computable general equilibrium (CGE) models are suitable tools to capture integration effects because these models can trace the various linkages...

Exchange Rates, Monetary Policy Regimes, and Beliefs.
May 1, 1999... This paper constructs an international, monetary business-cycle model with monetary policy processes that incorporate regime switches according to a Markov transition law. Agents in the model observe money growth that contains monetary control...

Multinational Corporations and the Hysteresis in Foreign Direct Investment Flows.
May 1, 1999... This paper studies the insight that multinational corporations consider exchange rate fluctuations as a factor in deciding their production mode (for example, exporting or wholly owning a subsidiary) in supplying a foreign market....

New Product Creation in an International Setting.
May 1, 1999... Creating a new product is a complex process with important international implications. This work models innovation as a multi-tier process within an endogenous growth framework. Instead of a one-step learning-by-doing process, the model is...

Optimal Exchange Rate System.
May 1, 1999... This paper addresses the causes of exchange rate volatility and suggests various measures to stabilize exchange rates and avoid financial crises. Although many exchange rate discussions have concentrated on whether fixed or floating exchange...

Prime and Subprime Mortgage Lenders: Who Treats Black Applicants Less Equally?
May 1, 1999... This study examines data from the 1996 and 1997 Home Mortgage Disclosure Act (HMDA) to determine whether a difference exists in the lending behavior by race for prime and subprime lenders. The study's objectives are to determine mortgage denial...

Investment in Pollution Control and the Ratchet Effect with Emission Taxes.
May 1, 1999... Economists have long advocated market-based systems (for example, emission charges and tradable discharge permits) as environmental policy tools, arguing that they equate marginal pollution reduction costs across all sources in the short run...

A Socioeconomic Analysis of Professional Hockey Salaries.
May 1, 1999... Since the work of Simon Rottenberg [JPE, 1956], economists continue to write analyses of the labor market for professional athletes, contributing a series of socioeconomic studies of salaries for professional sports players. Hockey is the...

Teaching Entrepreneurship in Educational Institutions.(Brief Article)
May 1, 1999... Entrepreneurship as a discipline is relatively new. According to Business Week, more than one-third of the top business schools have created entrepreneurship programs since 1973. The purpose of this paper is to report the status of...

Foreign Direct Investments in the Process of Transition.(Brief Article)
May 1, 1999... This paper intends to analyze the effects of foreign direct investments (FDIs) for countries during the phase of economic transition. We focus on the development of Eastern European countries. Being in a process of upgrading, these economies...