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International Commodity Agreements: Key to Development?
This paper has attempted to bring the methods and purposes of international commodity agreements into focus and to thus discover whether they are worth the energy which the poor countries might exert to form them. I have ...
Roads to a Market System: A Study of Economic Transition Policies in Poland, Hungary, and the Czech Republic
After summarizing the economic progress in Poland, Hungary, and the Czech Republic between 1989 and 1994, I will conclude the thesis by returning to the two points emphasized in the
introduction: First, in several instances ...
Ideological Change and Governmental Growth
A fruitful approach seems to be an examination of ideological trends. As I have shown, this approach, when applied specifically to agriculture, yields valuable insight. It seems likely that the same approach, when applied ...
In Search of a Good Job: Mobility in a Dual Labor Market
Dual labor market theory developed in the late 1960 's as economists tried to explain how and why labor market outcomes deviated from neoclassical expectations. The theory held that the labor market was divided into a ...
Initial Public Offerings Across Business Cycles
A vast literature exists pertaining to the prediction of stock performance, though a consistent pattern has yet to be found. The efficient market hypothesis provides one possible explanation. IPOs are different, however, ...
The Impact of Monetary Volatility on Investment in Classical and Keynesian Models: Theory and Evidence
In the past several decades, monetary policy has gained increased popularity as a means for affecting the direction of the economy. For example, in the early 1980's the Federal Reserve's active intervention in the economy ...
Are Tourists Willing to Pay Additional Fees to Protect Corals in Mexico?
Coral reefs have been referred to as the rainforests of the sea, maintaining the most diverse forms of life on earth. The framework built by corals and algae provides the foundation for ecosystems that support an unsurpassed ...
Economic and Equity Issues in a Comparison of the Personal Income Tax and the Value-Added Tax
The four previous chapters have tried to systematically compare the United States' personal income tax and a European-style consumption value-added tax. The superiority of one tax over the other, in some cases is clear-cut, ...
Negative Discount Rates for Health Insurance
This paper measures the discount rate of health insurance by surveying. a sample of nearly 1,000 Washington and Lee alumni. We calculated the discount rate from a series of open-ended survey questions, eliminating some of ...
Why Openness Matters: Evidence from the Developing World
In this paper I present a realistic scenario about the open-economy framework. I acknowledge the unfair practices imposed by the industrialized nations lead to structural adjustments in the domestic economy. However, I ...