Implications of current factor proportions indices for the competitive position of the U.S. manufacturing and service industries in the year 2000
Article Abstract:
Information on shifting comparative advantage and the future composition of international trade is critical to the commercial policy making of a variety of governmental and private organizations. Analyses for 1965-86 demonstrated that factor proportions information was an accurate predictor of the future exports of developing and some developed countries to the US. In those years, developing countries increased their exports of labor-intensive products, while their shares for other non-fuel products fell. Factor proportions data may be useful for long-term predictions because labor intensities in the 1960s identified products developing countries would excel in up to 20 years later. The level of labor intensity of a product and the export performance of developing countries are related.
Publication Name: The Journal of Business
Subject: Business, general
ISSN: 0021-9398
Year: 1991
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Regulation, advertising, and economic welfare
Article Abstract:
A better understanding of the effects of and economic motivation for the level of expenditures on advertising by government regulated companies is necessary for both theoretical and policy reasons. The inclusion of advertising in the standard model of regulation offers new insights into the nature of regulatory balance. The accepted conclusion that rate-of-return regulation does not result in production at the lowest point of the company's long-run average cost curve is not longer valid when the impact of advertising is considered. The welfare effects on advertising of regulated companies depend on the costs of the advertising and whether the advertising is informative or deceptive.
Publication Name: The Journal of Business
Subject: Business, general
ISSN: 0021-9398
Year: 1991
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The effects of regulatory policies on the cost of debt for electric utilities: an empirical investigation
Article Abstract:
The effects of government regulatory policy on the cost of debt for regulated electric utilities is examined using a model of debt-cost determination. Results indicate that regulatory policy does have a statistically and economically important impact on the cost of debt for electric utilities, particularly in the areas of: regulatory delay; interim rate relief; and construction work in progress for the purposes of ratemaking.
Publication Name: The Journal of Business
Subject: Business, general
ISSN: 0021-9398
Year: 1989
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