 |
Atlantic
Economic Journal |
4949 West Pine Blvd.
Second Floor
St. Louis, MO 63108-1431 USA Phone: (314) 454-0100 Fax: (314) 454-9109 |
| VOLUME 29 |
AUGUST
2001
|
NUMBER 3
|
E-Mail: iaes@iaes.org
|
| Table of Contents | Submission | Manuscript Instructions | Anthology Instructions | Membership | Web Founders | Endowment Fund | IAES Officers | | |||
|
Using a multiperiod model, this paper offers a benchmark
standard for efficient safety net management. This standard embodies a
market-mimicking strategy for identifying, preventing, and resolving bank
insolvencies. Around the world, governmental reluctance to acknowledge
weaknesses in their crisis prevention efforts supports an underinvestment
in contingent plans for handling financial disaster. The model features
the hypothesis that this underinvestment misserves taxpayers by increasing
the ability of stakeholders in insolvent banks to extract implicit and
explicit subsidies when and as the threat of an actual crisis intensifies.
(JEL G2, F3, K2); Atlantic Econ. J., 29(3): pp. 243-253, Sept. 01. © All
Rights Reserved
|
|
Ten European countries with economies in transition and
two market economies are negotiating full membership with the European
Union. This paper considers the economic dimension of the forthcoming
enlargement of the European Union, especially on the characteristics of
the economies in transition and on the economic implications of the enlargement
for European Union agriculture. The transition of the central and eastern
European countries from a centrally planned to a market economy, although
already in progress for a decade, is far from complete. Uneven macroeconomic
developments in the various countries can be attributed to some extent
to their individual situation at the start of the transformation. However,
they also reflect the varying extent to which institutional reform programs
have been implemented in these countries. (JEL F15, O52, E63, Q18); Atlantic
Econ. J., 29(3): pp. 254-265, Sept. 01. © All Rights Reserved
|
|
Most Europeans have heard a good deal of criticism of
the last U.S. presidential election. There are two normal criticisms,
one of which regards the electoral college system, which means that the
person who gets the majority of the popular votes does not necessarily
win. The other criticism regards a set of specific criticisms of this
election. (JEL H1, H19); Atlantic Econ. J., 29(3): pp. 266-273, Sept.
01. © All Rights Reserved
|
|
Following the insight from endogenous growth theory, this
paper assumes that countries with advanced production structures have
high levels of public knowledge. The purpose of this paper is to analyze
whether a developing country should trade with countries that are more
or less advanced than itself. It is argued that it is particularly harmful
to trade with advanced countries if international transaction costs are
high and capital is internationally immobile, in which case welfare may
be higher in autarchy than with trade. For low levels of transaction costs,
it may be more beneficial to trade with relatively advanced countries,
particularly if capital is internationally mobile. (JEL F12, F15, O14);
Atlantic Econ. J., 29(3): pp. 274-293, Sept. 01. © All Rights Reserved
|
|
Vote Share and Rates: A Comparison of Two Measures of Election Octcomes JOSEPH P. MCGARRITY |
|
This paper compares two measures of House election outcomes:
return rates and vote share for presidential party incumbents. It is found
that these election variables move independently from each other. The
empirical work discovers that the relationship between return rates and
vote share varies as vote share increases and as time progresses. It reports
that economic variables explain movement in return rates independent of
vote share, but economic variables cannot explain variation in vote share
independent of return rates. These results suggest return rates are more
sensitive to economic fluctuations than vote share. This paper also finds
that the magnitude of the response to changes in economic variables differs
across these two election result terms. (JEL D72); Atlantic Econ. J.,
29(3): pp.294-303, Sept.01. © All rights Reserved
|
| Back to contents |
|
The Electoral College and Voter Participation: Evidence on Two Hypotheses RICHARD J. CEBULA |
|
This paper empirically investigates the impact of the electoral college on voter participation rates across states. Two hypotheses are tested. The first argues that in states where either the Democratic or Republican party strongly dominates the other, voter participation rates are reduced the greater the degree of domination. The second states that in states where neither party overwhelmingly dominates the other, the smaller the majority of the dominant party over the minority party, the greater the voter participation rate. (JEL D70, D72); Atlantic Econ. J., 29(3): pp.304-310, Sept.01. © All rights Reserved |
| Back to contents |
|
Using Principal Components to Produce
an Economic and Social Developement Index: MILES B. CAHILL AND NICOLÁS SÁNCHEZ |
| This paper presents a principal components methodology for determining the weights for a set of indicators in a composite index of development. The procedure is applied to a 36-variable data set consisting of 1990 data for 19 Latin American countries and corresponding 1960 and 1990 data for the individual U.S. states. This paper compares the results with other well-known indices and uses the combined data set to better understand the level and scope of development in each region and over time. The general results are that the level of development of Latin American countries in 1990 are roughly distributed over the U.S. states in 1960 (though with a larger range), and the structure of development in Latin America is similar to the U.S. (JEL O57); Atlantic Econ. J., 29(3): pp. 311-329, Sept. 01. © All Rights Reserved |
| Back to contents |
| Modern economic historians have focused their attention on the supervision and productivity of slavery and have largely ignored the roles that public policy and slave security played in the profitability of antebellum slavery. Other scholars have focused on the public security policy in the slave codes, but only as a determinant of the legal status of slaves, not their economic value. This paper investigates the relationship between slave prices and two public policies that enhanced slave security: manumission laws and slave patrol statutes. The evidence suggests that these policies were associated with slave prices and that public policy did play a significant role in the security of slave property and, thus, the viability and profitability of slavery in the Antebellum South. (JEL N31); Atlantic Econ. J., 29(3): pp. 330-340, Sept. 01. © All Rights Reserved |
| Back to contents |
| This paper analyzes the research productivity of a cohort of economists over the 15 years following receipt of their doctorate degrees, contrasting their results in publishing articles, books, and textbooks after controlling for the individual characteristics of the economists in the sample. Specifically, this paper considers the quality of graduate school, the type of employment, the general area of dissertation research, and the gender of each individual in the cohort. Primary conclusions indicate that scholarly journals are the most important research outlet, and that book production is a complementary activity to output in scholarly journals. Moreover, publishing success is closely related to the quality of the graduate school attended as well as the type of employer. According to this research, women do not face a statistically significant disadvantage to publishing. Finally, the analysis documents that midway through the 15-year time span covered by this study, output begins to decline, reflecting the post-tenure drop-off in research productivity. (JEL A14); Atlantic Econ. J., 29(3): pp. 341-349, Sept.01.©All Rights Reserved |
| Back to contents |
An official publication of the International
Atlantic Economic Society
