Regression Analysis
This thoroughly practical and engaging textbook conveys the skills needed to responsibly develop, conduct, scrutinize, and interpret statistical analyses without requiring high-level math. Rather than focusing on complicated equations, the book describes these biases visually and with examples of situations in which they could arise.
The Economics and Psychology of Happiness
This book applies the framework of economists to discuss the question of how one can maximize subjective happiness. This book will interest researchers and students in happiness economics and positive psychology, and anyone keen to learn more about living fuller, happier lives.
Cause, Effect, and Everything in Between
A practical guide to understanding the science of cause-and-effect for everyday decision-making. In Cause, Effect, and Everything in Between, Aboozar Hadavand provides an easy-to-read and non-technical foundation to causal inference, especially for readers without a strong background in math and statistics. Rather than using statistical equations and mathematical theory, Hadavand focuses on developing readers' ability to analyze causal questions through a causal perspective. Using relatable examples, including the myth of the Swimmer's Body Illusion, the relationship between sleep apnea and growing a beard, and the relationship between smoking and dementia, Hadavand simplifies complex causal ideas. The book starts by defining the fundamental concepts of causality, such as causal questions, causes, and effects. It then explores different types of causal inference problems, graphical tools for expressing causality, the shortcomings of randomized trials, and methods for inferring causality from observational data. Further, Hadavand debunks common misconceptions and teaches readers to differentiate between correlation and causation at a deep level by simplifying the concept of confounding bias and causal graphs. A concise and accessible introduction to causal inference that also includes end-of-chapter case studies with answers, this book equips readers to understand and critique scientific findings involving causal claims.
Battery Rush
The battery is the new barrel. In the race to decarbonize, electrify, and dominate the next era of mobility, battery minerals have become the defining geopolitical and industrial resource of the 21st century. Battery Rush takes readers deep into the global supply chain-from the salt flats of Bolivia to the cobalt pits of Congo, from Chinese gigafactories to Nevada's recycling startups-revealing how lithium, nickel, graphite, and their cousins are reshaping not only the auto industry but global trade, labor, and power.Through frontline reportage, anonymized interviews, and accessible analysis, this book unpacks the science behind battery chemistries, the policies fueling mineral nationalism, and the breakthroughs that might rewrite the rules. It offers rare insight into the silent arms race between nations, automakers, startups, and regulators-all vying for control of the components that will drive every EV, grid, drone, and data center in a post-oil world.Battery Rush isn't just a story about the future of transport. It's a story about the future of everything.
Co-operative 2025 and World Economy
The year 2025 is expected to be strategically important in many ways and will be remembered as a landmark in the history of Indian Cooperative Movement. Firstly, the recognition of cooperative as a conducive vehicle for eradication of poverty, financial inclusion for the people of small means, food security of the nation social services and promoting entrepreneur development are some of the significant contribution made by them globally. Secondly, the declaration by United Nation to celebrate Year 2012 as International Year of Cooperatives is another feather in its cap. The government of India and state governments are also showing the commitment and support for the growth and development of cooperatives in the country.This book has 58 articles on Co-operative activities in India.
The Economics and Psychology of Happiness
This book applies the framework of economists to discuss the question of how one can maximize subjective happiness. This book will interest researchers and students in happiness economics and positive psychology, and anyone keen to learn more about living fuller, happier lives.
Elite Quality Index 2025
The Elite Quality Index (EQx) proposes an analytical framework to interpret--and possibly transform--the state of elite quality in the world's political economies. It is based on a simple idea. The EQx posits that the business models chosen and run by elites determine economic and human development. That is, elites (the "who") affect human and economic development outcomes (the "what"), sometimes directly but mostly indirectly through the influence that they exert on the institutions (the "how") that set the rules of the game. These rules bestow on elites a "license to operate." Both the "how" and the "what" have been theoretically discussed at great length and are amply measured. However, the EQx focuses on the "who" element, a research gap that urgently needs to be addressed. This is pursued at the national level by considering aggregate national elite systems in terms of the Value Creation and Value Extraction impacts of their primary business models. As a precursor of institutional quality, Elite Quality is deemed to be a significant pointer to long-term economic growth. The EQx is a political economy index that uses aggregated datasets to measure the overall sustainable value creation of nations in terms of the ability of its elite business models to create value rather than extract it through rent seeking. The EQx is based on a four-level architecture. Below the top-level Index rankings, there are two Sub-Indices: Power and Value. Value Sub-Index I provides direct evidence of Value Creation and Extraction by elite business models, even though the latter might be easier to capture, as the results of rent seeking are more visible. Power Sub-Index II conceptualizes the potential for Value Extraction, as this cannot exist without power. Hence, while power is not Value Extraction per se, it is a necessary condition for rent seeking to take place. In many countries, elites that enjoy a high degree of power invest in operating inclusive Value Creation business models, while in others it is used to leverage value transfers from an array of stakeholders. Both of the EQx's two Sub-Indices have a political and an economic dimension. This conceptual 2 ? 2 framework results in four Index Areas. First, Political Power measures the capture of three kinds of rules: rules of the state, the rules of business regulation, and the rules of human labor. Second, Economic Power measures elite dominance at the firm and industry levels, such as measuring how much positive creative destruction there is in a political economy. Third, Political Value measures Value Extraction in the political dimension; the state's unearned income, its taking of income, and its giving of income. Fourth, Economic Value measures Value Extraction from the economy's three markets: products and services, the capital markets, and the labor markets. Each EQx Index Area is then assigned 3 conceptually related Pillars, yielding a total of 12. The purpose of the Pillars is to define and create conceptual lenses through which we can approach, understand, and measure specific phenomena. At the final and fourth level are the Indicators that use datasets to operationalize political economy phenomena associated with elite agency. All individual indicators and the respective weights that they are given then flow back up the framework to provide scores at the Pillar and aggregate EQx level. Descriptions of each of the 149 indicators used (what we measure) as well as the sustainable value creation (vs. rent-seeking) rationale that underpins their inclusion in the EQx (why we measure) are included in the report. The EQx2025 provides novel insights that will allow policymakers, academics, journalists, business leaders, students, and concerned citizens understand how elites are impacting the political economy of their nations while also allowing them to benchmark countries that perform well (or poorly) in terms of economic growth and human development.
The Theory of the Leisure Class (Warbler Classics Annotated Edition)
During America's Gilded Age, economist Thorstein Veblen published The Theory of the Leisure Class (1899), a critique of the era's new wealth and the behaviors it inspired. Veblen argued that both the old elite and the rising class of industrialists indulged in "conspicuous consumption" and "conspicuous leisure"-lavish displays of wealth and idleness designed not for utility, but to project status. These practices, Veblen claimed, were inherently wasteful: they diverted resources toward ornamental activities that did little to advance society, encouraging a culture where appearances mattered more than real progress. The Theory of the Leisure Class proved both popular and controversial, becoming a bestseller that financially supported Veblen for years. Its ideas resonated beyond economics: terms like "conspicuous consumption" entered common language, and economists still use "Veblen goods" to describe items, like luxury cars or designer clothing, whose desirability rises with price. Veblen's influence also played a role in the practical politics of the New Deal era, offering a rationale for policies aimed at redistributing wealth and regulating business. Veblen's influence on John Kenneth Galbraith-another economist who challenged the assumptions of consumer-driven capitalism-is especially notable. This Warbler Classics edition includes a hilarious, scathing critique of Veblen by famous public intellectual and contrarian H. L. Mencken as well as a brief biographical essay on Veblen's life and work.
Japan's Bubble, Deflation, and Long-Term Stagnation
New perspectives on Japan's "lost decade" viewed in the context of recent financial turmoil. Japan's economic bubble burst in the early 1990s, and the country entered its famous "lost decade"--a period of stagnation and economic disruption that persisted until 2003. The current declines in global equity and real estate markets have eerie parallels to Japan's economic woes of the 1990s. If we are to avoid repeating Japan's experience on a global scale, we must understand what happened, why it happened, and the effectiveness (or ineffectiveness) of Japan's policy choices. In this volume, prominent economists--Japan specialists and others--bring state-of-the-art models and analytic tools to bear on these questions. The essays generate new facts and new findings about Japan's lost decade. As much of the research shows, the slowdown can be broken down into two phases: a typical recession, followed by a breakdown in the economy likely due to insufficient restructuring, which is not well described by conventional models. The contributors offer forceful arguments showing that Japan's experience, and the unconventional--sometimes unsuccessful--measures adopted by Japan's government and central bank, offer valuable lessons for our post-boom world. Contributors Kenn Ariga, Robert Barsky, Diego Comin, Robert Dekle, Kyoji Fukao, Koichi Hamada, Takeo Hoshi, Ryo Kambayashi, Anil K Kashyap, Takao Kato, Satoshi Koibuchi, Philip R. Lane, John Muellbauer, Kiko Murata, Maurice Obstfeld, Ryosuke Okazawa, Joe Peek, Ulrike Schaede, David E. Weinstein
Innovation & Society
Is the digital revolution finally delivering on its promises? Artificial intelligence is set to play a major role in public management engineering, as it will enable us to understand the dynamics of complex systems, optimise resource management, preserve the environment, make the economic model more viable, rationalise governance and encourage efficiency. However, faced with the difficulties of developing a collective model that can reconcile ecological transition and socioeconomic transformation, what concrete contributions can artificial intelligence make to public management?Without falling into the trap of technological solutionism, the author attempts to determine to what extent artificial intelligence can contribute to speeding up the ecological transition, optimising public finances, boosting public health and reshaping services. "Innovation & Society: Artificial Intelligence for Public Management" does not claim to be an exhaustive inventory of the uses of artificial intelligence in the public sector but aims to provide an objective overview of the possible contributions of artificial intelligence to public management and the difficulties encountered in developing applied solutions. Copyright (c) 2025By MAER* & Prof. Walter Amedzro St-HilaireNotice: 1. This series cannot be lent or exchanged (individual or inter-university loans). It is reserved exclusively for members (and guests) of the institution that purchased it. This is a single license.2. The use of the "single license" refers to print copy, i.e. institutions can still purchase eBooks for loan to their university staff, students and visitors, so long as they are not made available for interlibrary loan.3. To obtain an eBook version of this series, please email the publisher, MAER* Management & Applied Economics Review.
Review of Foreign Developments
The Review of Foreign Developments (RFD) series begins in 1945 and ends in 1975. Starting in August 1971, papers in the RFD series also appear in the International Finance Discussion Paper (IFDP) series. These topics are focused on, though by no means limited to, international macroeconomics, international trade, global finance, financial institutions, and markets, as well as international capital flows. The analyses and conclusions set forth in the RFD series are those of the authors and do not indicate concurrence by other members of the research staff or the Board of Governors.This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work.This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Pillar of (In)Stability
The Kingdom of Saudi Arabia (KSA) posted an annual gross domestic product (GDP) of $349 billion, with a trade surplus of $123 billion in 2006, and had come to represent royal wealth and opulence. This economic power enables KSA to maintain close diplomatic and commercial ties with the world's leading nations and multinational corporations. Clearly, the strength of the Saudi Arabian economy is the driving force behind its prominence on the global stage, and its ability to maintain internal order among the citizenry. The importance of a stable, healthy economy as a critical pillar of Saudi stability becomes even more apparent when one considers the cultural and religious tensions which pervade its society. This essay presents a plausible future for the economy of Saudi Arabia - one in which this necessary pillar of stability degrades, or even crumbles, and opens the door to a viable insurgency movement within the Kingdom in the year 2030. The case for this plausible future emerges from current economic trends and conditions in Saudi Arabia. Oil reserves and profits are the main source of revenues for the government of KSA. The reliance on this single source of income, along with labor market inadequacies, presents significant obstacles to long-term fiscal fitness. The royal family has recognized these challenges and introduced corrective measures, mostly in the form of attempts to diversify the economy, and to a lesser degree by encouraging privatization and foreign investment. These initiatives are laudable, but cultural dynamics and the intricacies of economic reform make them fall well-short of guaranteeing healthy, long-term economic growth. Ultimately, two key factors-the inability to diversify adequately from the oil-based economy, and the failure to create sufficient employment opportunities for Saudi citizens-show strong potential for creating the instability necessary to foment insurgency within the Kingdom.This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work.This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
International Finance Discussion Papers
We build a dataset of quarterly hours worked for 14 OECD countries. We document that hours are as volatile as output, that a large fraction of labor adjustment takes place along the intensive margin, and that the volatility of hours relative to output has increased over time. We use these data to reassess the Great Recession and prior recessions. The Great Recession in many countries is a puzzle in that labor wedges are small, while those in the U.S. Great Recession - and those in previous European recessions - are much larger.This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work.This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Open Access Publishing and Citation Archives
Controversies about open access publishing and archiving confront issues of copyright and governmental competition with the private sector. Traditional publishers typically charge readers subscriber fees to fund the costs of publishing and distributing hard-copy and/or online journals. In contrast, most open access systems charge authors publication fees and give readers free online access to the full text of articles. Supporters of the open access "movement" object to the rising costs of journal subscriptions; share peer reviewers' reluctance to do free reviews for journals rapidly escalating in price; and believe that scientific collaboration, advancement, and utilization will be hastened by free access to information. Traditional subscriber-pays commercial publishers and some scholarly associations object to most open access publishing because it may weaken the publishing industry and erode profits. Critics seek to limit free government-run repositories only to articles and citations from federally sponsored research; others oppose fees in the thousands of dollars charged to authors to pay the costs of publishing articles or view as unreliable foundation donations that sustain some open access activities.This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work.This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Using Input-Output Analysis to Measure U.S. Economic Structural Change Over a 24 Year Period
Many studies have been prepared on structural change in the U.S. economy using input-output analysis. These include, among others, Carter's examination of U.S. economic technological change over the 1939-1963 period and, more recently, Sonis' new decomposition approaches to visually display structural change with application to U.S. input-output tables from 1947-1977./1/ This paper, using Sonis' techniques of displaying structural change, evaluates changes in the U.S. economy over the 1972 to 1996 period, focusing on interindustry linkages and the effect of international trade on those linkages. The study shows that the relative impact of manufacturing on the economy has declined in the United States from 1972 to 1996 and that import penetration has been a major factor in this decline. The graphical presentation of interindustry relationships through the "Multiplier Product Matrix" (MPM) and its associated "economic landscape" provides a visualization of the U.S. economic structure for selected years and how it has changed over time.This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work.This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Economic Warfare in Peacetime
Looks at the relationship of economic warfare to its political objectives, economic nationalism, the concept of self-suffiency and its relationship to a war economy, types of special trade barriers (tariffs, clearing agreements, quotas, etc.), devices for specialized export competition (currency manipulation, loans, liberal credit facilities, governmental subsidies to exports, etc., and the use of trade to secure political dominance over another country.This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work.This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Finance and Economics Discussion Series
The news media affects consumers' perceptions of the economy through three channels. First, the news media conveys the latest economic data and the opinions of professionals to consumers. Second, consumers receive a signal about the economy through the tone and volume of economic reporting. Last, the greater the volume of news about the economy, the greater the likelihood that consumers will update their expectations about the economy. We find evidence that all three of these channels affect consumer sentiment. We derive measures of the tone and volume of economic reporting, building upon the R-word index of The Economist. We find that there are periods when reporting on the economy has not been consistent with actual economic events, especially during the early 1990s. As a consequence, there are times during which consumer sentiment is driven away from what economic fundamentals would suggest. We also find evidence supporting that consumers update their expectations about the economy much more frequently during periods of high news coverage than in periods of low news coverage; high news coverage of the economy is concentrated during recessions and immediately after recessions, implying that "stickiness" in expectations is countercyclical. Finally, because the model of consumer sentiment is highly nonlinear, month-to-month changes in sentiment are difficult to interpret. For instance, although an increase in the number of articles that mention "recession" typically is associated with a decline in sentiment, under certain conditions it can actually result in an increase in various sentiment indexes.This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work.This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Risk, Uncertainty, and Profit
The Federal Reserve Archival System for Economic Research (FRASER) started in 2004 as a data preservation and accessibility project of the Federal Reserve Bank of St. Louis. FRASER's mission is to safeguard and provide easy access to the nation's economic history-particularly the history of the Federal Reserve System-through digitization of documents related to the U.S. financial system. FRASER preserves and provides access to economic and banking data and policy documents. To this end, various types of documents have been digitized, including: publications of the Board of Governors of the Federal Reserve System, publications of District Federal Reserve Banks, states and speeches of Federal Reserve policymakers, archival materials of Federal Reserve policymakers, government data publications, statistical releases, books and Congressional hearings.This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work.This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Concepts and Methods of the U.S. Input-Output Accounts
The "Input-Output Handbook" describes the concepts and methods that underlie the preparation of the benchmark input-output (I-O) accounts of the United States. The handbook is intended to provide new employees with a grounding in the basics of I-O accounting, background on the development and uses of the accounts, and an introduction to the process of preparing the I-O estimates and tables. It is also intended to provide existing employees with information that will broaden their understanding of particular aspects of the work. The handbook does not provide detailed descriptions of methodology or of database operations. The descriptions of methodology that are presented in the handbook are primarily based on the 1997 benchmark accounts, though some updates and indications of future changes are included. Thus, the handbook is intended to be a living reference, whereby additional or updated information can be added as available and appropriate.This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work.This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Cotton Futures
Cotton Futures, published anonymously, offers insights into the commodity markets of the early 20th century. This volume provides a snapshot of the economic landscape, specifically focusing on the cotton trade and the complexities of futures trading. Readers gain an understanding of the investment strategies and market forces prevalent during the 1920s. While specific details about the author remain unknown, the text serves as a valuable historical document, shedding light on agricultural economics and the financial mechanisms that shaped the cotton industry. "Cotton Futures" is relevant for those studying economic history, investment practices, and the evolution of commodity markets.This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work.This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Agribusiness Development Teams in Afghanistan
Agriculture accounts for 45 percent of Afghanistan's gross domestic product and is the main source of income for the Afghan economy. Over 80 percent of the Afghan population is involved in farming, herding, or both. However, decades of war, drought, and security challenges have devastated the country's agricultural sector, and the current level of U.S. government civilian support has been unable to keep pace with the tremendous need for assistance in this region. Revitalizing Afghanistan's agricultural sector is critical to building the government's capacity and to stabilizing the country. In 2007 the Secretary of the Army, Pete Geren; Director of the Army National Guard, Lieutenant General Clyde Vaughn; Missouri Farm Bureau President, Charles Kruse; and the Adjutant General of the Missouri National Guard, Major General King Sidwell developed an idea to deploy Soldiers with agricultural expertise and organic security capabilities to Afghanistan. They realized the development of Afghanistan's agriculture and agricultural products distribution capabilities was vital to long-term economic development and that governmental civilians (United States, Afghanistan, and other countries) and nongovernmental organizations (NGOs) were not resourced for the massive amount of work necessary in these areas as well as for the security they required.This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work.This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Money Vs. Products; or, Why Times Are Hard. A Complete Exposition of the Causes Which Led to the Prevailing Industrial Depression, and the Remedy Therefor
In "Money Vs. Products; or, Why Times Are Hard," James W. Wilson of Chicago presents a comprehensive analysis of the causes behind the industrial depression of the late 19th century. This treatise delves into the intricate relationship between money and products, offering a detailed exposition of the economic factors contributing to the prevailing hardships. Wilson's work aims to provide not only an understanding of the roots of the economic downturn but also a potential remedy for the situation. This book offers valuable insights into the economic thought of the time and the challenges faced during a period of significant industrial change.This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work.This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Risk, Uncertainty, and Profit
The Federal Reserve Archival System for Economic Research (FRASER) started in 2004 as a data preservation and accessibility project of the Federal Reserve Bank of St. Louis. FRASER's mission is to safeguard and provide easy access to the nation's economic history-particularly the history of the Federal Reserve System-through digitization of documents related to the U.S. financial system. FRASER preserves and provides access to economic and banking data and policy documents. To this end, various types of documents have been digitized, including: publications of the Board of Governors of the Federal Reserve System, publications of District Federal Reserve Banks, states and speeches of Federal Reserve policymakers, archival materials of Federal Reserve policymakers, government data publications, statistical releases, books and Congressional hearings.This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work.This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Economic Warfare in Time of Belligerence
Seeks to determine how economic warfare effects the course of military action during a time of belligerency.This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work.This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Using Input-Output Analysis to Measure U.S. Economic Structural Change Over a 24 Year Period
Many studies have been prepared on structural change in the U.S. economy using input-output analysis. These include, among others, Carter's examination of U.S. economic technological change over the 1939-1963 period and, more recently, Sonis' new decomposition approaches to visually display structural change with application to U.S. input-output tables from 1947-1977./1/ This paper, using Sonis' techniques of displaying structural change, evaluates changes in the U.S. economy over the 1972 to 1996 period, focusing on interindustry linkages and the effect of international trade on those linkages. The study shows that the relative impact of manufacturing on the economy has declined in the United States from 1972 to 1996 and that import penetration has been a major factor in this decline. The graphical presentation of interindustry relationships through the "Multiplier Product Matrix" (MPM) and its associated "economic landscape" provides a visualization of the U.S. economic structure for selected years and how it has changed over time.This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work.This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Open Access Publishing and Citation Archives
Controversies about open access publishing and archiving confront issues of copyright and governmental competition with the private sector. Traditional publishers typically charge readers subscriber fees to fund the costs of publishing and distributing hard-copy and/or online journals. In contrast, most open access systems charge authors publication fees and give readers free online access to the full text of articles. Supporters of the open access "movement" object to the rising costs of journal subscriptions; share peer reviewers' reluctance to do free reviews for journals rapidly escalating in price; and believe that scientific collaboration, advancement, and utilization will be hastened by free access to information. Traditional subscriber-pays commercial publishers and some scholarly associations object to most open access publishing because it may weaken the publishing industry and erode profits. Critics seek to limit free government-run repositories only to articles and citations from federally sponsored research; others oppose fees in the thousands of dollars charged to authors to pay the costs of publishing articles or view as unreliable foundation donations that sustain some open access activities.This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work.This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Economic Warfare in Peacetime
Looks at the relationship of economic warfare to its political objectives, economic nationalism, the concept of self-suffiency and its relationship to a war economy, types of special trade barriers (tariffs, clearing agreements, quotas, etc.), devices for specialized export competition (currency manipulation, loans, liberal credit facilities, governmental subsidies to exports, etc., and the use of trade to secure political dominance over another country.This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work.This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
International Finance Discussion Papers
We build a dataset of quarterly hours worked for 14 OECD countries. We document that hours are as volatile as output, that a large fraction of labor adjustment takes place along the intensive margin, and that the volatility of hours relative to output has increased over time. We use these data to reassess the Great Recession and prior recessions. The Great Recession in many countries is a puzzle in that labor wedges are small, while those in the U.S. Great Recession - and those in previous European recessions - are much larger.This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work.This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Pillar of (In)Stability
The Kingdom of Saudi Arabia (KSA) posted an annual gross domestic product (GDP) of $349 billion, with a trade surplus of $123 billion in 2006, and had come to represent royal wealth and opulence. This economic power enables KSA to maintain close diplomatic and commercial ties with the world's leading nations and multinational corporations. Clearly, the strength of the Saudi Arabian economy is the driving force behind its prominence on the global stage, and its ability to maintain internal order among the citizenry. The importance of a stable, healthy economy as a critical pillar of Saudi stability becomes even more apparent when one considers the cultural and religious tensions which pervade its society. This essay presents a plausible future for the economy of Saudi Arabia - one in which this necessary pillar of stability degrades, or even crumbles, and opens the door to a viable insurgency movement within the Kingdom in the year 2030. The case for this plausible future emerges from current economic trends and conditions in Saudi Arabia. Oil reserves and profits are the main source of revenues for the government of KSA. The reliance on this single source of income, along with labor market inadequacies, presents significant obstacles to long-term fiscal fitness. The royal family has recognized these challenges and introduced corrective measures, mostly in the form of attempts to diversify the economy, and to a lesser degree by encouraging privatization and foreign investment. These initiatives are laudable, but cultural dynamics and the intricacies of economic reform make them fall well-short of guaranteeing healthy, long-term economic growth. Ultimately, two key factors-the inability to diversify adequately from the oil-based economy, and the failure to create sufficient employment opportunities for Saudi citizens-show strong potential for creating the instability necessary to foment insurgency within the Kingdom.This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work.This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Finance and Economics Discussion Series
Does fiscal policy stimulate output? SVARs have been used to address this question but no stylized facts have emerged. We derive analytical relationships between the output elasticities of fiscal variables and fiscal multipliers. We show that standard identification schemes imply different priors on elasticities, generating a large dispersion in multiplier estimates. We then use extra-model information to narrow the set of empirically plausible elasticities, allowing for sharper inference on multipliers. Our results for the U.S. for the period 1947-2006 suggest that the probability of the tax multiplier being larger than the spending multiplier is below 0.5 at all horizons.This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work.This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Finance and Economics Discussion Series
The news media affects consumers' perceptions of the economy through three channels. First, the news media conveys the latest economic data and the opinions of professionals to consumers. Second, consumers receive a signal about the economy through the tone and volume of economic reporting. Last, the greater the volume of news about the economy, the greater the likelihood that consumers will update their expectations about the economy. We find evidence that all three of these channels affect consumer sentiment. We derive measures of the tone and volume of economic reporting, building upon the R-word index of The Economist. We find that there are periods when reporting on the economy has not been consistent with actual economic events, especially during the early 1990s. As a consequence, there are times during which consumer sentiment is driven away from what economic fundamentals would suggest. We also find evidence supporting that consumers update their expectations about the economy much more frequently during periods of high news coverage than in periods of low news coverage; high news coverage of the economy is concentrated during recessions and immediately after recessions, implying that "stickiness" in expectations is countercyclical. Finally, because the model of consumer sentiment is highly nonlinear, month-to-month changes in sentiment are difficult to interpret. For instance, although an increase in the number of articles that mention "recession" typically is associated with a decline in sentiment, under certain conditions it can actually result in an increase in various sentiment indexes.This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work.This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Natural Money, the Peaceful Solution
In "Natural Money, the Peaceful Solution", John Raymond Cummings presents a compelling vision for economic reform. Published in 1912, this work advocates for a restructuring of monetary systems to foster stability and peace. Cummings delves into the intricacies of finance, exploring how currency can be designed to promote equitable exchange and discourage speculation. This book offers insights into early 20th-century economic thought, providing a historical perspective on debates surrounding monetary policy and its impact on society. Cummings's arguments remain relevant for anyone interested in understanding alternative approaches to economic governance and the pursuit of financial systems that prioritize stability and social well-being.This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work.This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Account Book of a Country Store Keeper in the 18th Century at Poughkeepsie;
Delve into the economic life of colonial America with the "Account Book of a Country Store Keeper in the 18th Century at Poughkeepsie." This fascinating historical document offers a rare glimpse into the daily transactions and financial dealings of a rural merchant in Poughkeepsie, New York. Compiled by Francis Filkin and Henry Booth, this account book provides invaluable insights into the goods, services, and credit systems that sustained early American communities.Explore the prices, commodities, and customer interactions that shaped the local economy. Historians, genealogists, and anyone interested in early American history will find this meticulously preserved record an essential resource for understanding the economic and social fabric of the 18th century.This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work.This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
The Danube River and the Western Black Sea Coast
The Danube River and The Western Black Sea Coast: Complex Transboundary Management is a brand-new volume in the Elsevier Ecohydrology from Catchment to Coast series. The book focuses on the second largest river in Europe and the most transboundary river basin that encompasses 19 countries. Chapters focus on changes to the area in the past decade and a way forward. Made up of three parts, the book starts with an overview, covers The Danube River and its recipient, the Black Sea, including sediment balance, water quality, hydromorphology and aquatic biodiversity. Section two covers the key pressures and implementation of transboundary water management such as aquatic resources, invasive species, climate change, and stakeholder participation. Section three assess visions for a sustainable future in the Danube River Basin with a look to applicable sustainability, ecosystems, human interaction, and improving biodiversity through floodplains. The book concludes with a summary and outlook.
The Economic Journal
The Economic Journal, Volume 1 presents a comprehensive collection of scholarly articles reflecting the burgeoning field of economics in the late 19th century. Published by the British Economic Association and the Royal Economic Society, this quarterly journal captures the key debates and emerging theories shaping economic thought during a transformative period. Containing contributions from leading economists of the time, this inaugural volume addresses a wide range of topics, from monetary policy and international trade to labor economics and the role of government in regulating industry. Readers will gain insights into the historical context of modern economic principles and the evolution of economic analysis. This volume offers invaluable perspectives on the intellectual foundations of contemporary economic theory and practice.This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work.This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Tariffs Of Foreign Countries
"Tariffs Of Foreign Countries: Asia, Africa, Australia And Polynesia" provides a detailed overview of tariff regulations in various regions during the late 19th and early 20th centuries. Compiled by the United States Bureau of Foreign Commerce, this historical document offers valuable insights into the trade policies and economic landscapes of Asia, Africa, Australia, and Polynesia. This book serves as an essential resource for researchers, economists, and historians interested in understanding the complexities of international trade relations and the historical context of global commerce. It sheds light on the specific tariff rates and trade practices that shaped economic interactions between nations, providing a comprehensive snapshot of the regulatory environment that influenced trade dynamics in these regions.This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work.This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
North West Of Canada
North West Of Canada is a detailed report presented to the Board of Trade concerning the economic potential of the Canadian Northwest, specifically focusing on wheat production for export. Authored by James Mavor with contributions from the Great Britain Board of Trade, this document provides valuable insights into the agricultural capabilities and economic conditions of the region during the period it was written.The report delves into the prospects for wheat cultivation, examining factors such as land availability, climate, and transportation infrastructure. It serves as a significant historical record, shedding light on the economic considerations and governmental interest surrounding the development of Western Canada. "North West Of Canada" is essential reading for historians, economists, and anyone interested in the agricultural and economic history of Canada.This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work.This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
The Tariff Of 1842 Vindicated
In "The Tariff Of 1842 Vindicated," George Evans of Maine delivers a compelling speech in response to Mr. McDuffie of South Carolina, offering a staunch defense of the tariff. This historical document provides invaluable insight into the economic and political debates that shaped 19th-century America. Evans's detailed arguments shed light on the complexities of tariff policy and its impact on different regions and industries within the United States.This edition preserves the original text, allowing modern readers to engage directly with the historical discourse surrounding the Tariff of 1842. A significant contribution to the understanding of American economic history, this speech remains relevant for those interested in the ongoing debates about trade, protectionism, and economic development.This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work.This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Multiple Model Adaptive Estimation for Time Series Analysis
Multiple Model Adaptive Estimation (MMAE) is a Bayesian technique that applies a bank of Kalman filters to predict future observations. Each Kalman filter is based on a different set of parameters and hence produces different residuals. The likelihood of each Kalman filter's prediction is determined by a magnitude of the residuals. Since some researchers have obtained good forecasts using a single Kalman filter, we tested MMAE's ability to make time series predictions. Our Kalman filters have a dynamics model based on a Box-Jenkins Auto-Regressive Moving Average (ARMA) model and a measure model with additive noise. The time-series prediction is based on the probabilistic weighted Kalman filter predictions. We make a probability interval about that estimate also based on the filter probabilities. In a Monte Carlo analysis, we test this MMAE approach and report the results based on many different criteria. Our analysis tests the robustness of the approach by testing its ability to make predictions when the Kalman filter dynamics models did not match the data generation time-series model. Our analysis indicates benefits in applying multiple model adaptive estimation for time series analysis.This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work.This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Estimating Budget Relationships With a Leontief Input-Output Model
Forty years ago, the Office of the Secretary of Defense proposed using the Leontief input-output model to assess tradeoffs in the Department of Defense's (DoD) budget. We demonstrate that the Leontief input-output model can assess tradeoffs in the Air Force's budget. To increase one part of the Air Force's budget, we need to know the interrelationships between that budget area and the other areas. In this research, we look at different methods of how the functional areas might interact. We demonstrate our methodology on two data sets - DoD and the Air Force aggregate budget data. By looking at how the functional areas interact, we hope to be able to find a sound methodology that will provide assistance to Air Force leadership for determining appropriate levels of funding.This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work.This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
A Treatise Upon the Trade From Great-Britain to Africa
"A Treatise Upon the Trade From Great-Britain to Africa" by John Peter Demarin offers a detailed examination of the economic relationship between Great Britain and Africa during its time. This treatise, subtitled "Humbly Recommended to the Attention of Government," likely explores the intricacies of trade routes, commodities exchanged, and the overall impact of this commerce on both economies.Readers interested in economic history, colonial studies, or the historical dynamics between Europe and Africa will find this work insightful. It provides a snapshot of the economic theories and practices of the era, shedding light on the foundations of modern international trade and the legacy of colonial economic policies.This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work.This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
A Collection Of Tracts On Wet Docks For The Port Of London, With Hints On Trade And Commerce And On Free-ports
"A Collection Of Tracts On Wet Docks For The Port Of London" by William Vaughan offers a detailed examination of the proposals and considerations surrounding the development of wet docks in London during a pivotal period of its maritime and economic history. The work delves into the strategic importance of enhancing port facilities to accommodate increasing trade volumes and to compete effectively with other international ports. Vaughan provides insights into the potential benefits of establishing free ports, exploring their impact on trade, commerce, and overall economic growth. This collection serves as a valuable resource for understanding the debates and decisions that shaped London's port infrastructure and its role as a global trade hub. It will be of interest to scholars and enthusiasts of economic history, maritime studies, and urban development.This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work.This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Prices And Wages In India
"Prices And Wages In India, Volume 12" presents a detailed historical analysis of economic conditions in India, focusing on the fluctuations and trends in prices and wages. Compiled by the Dept. of Statistics, the Dept. of Finance and Commerce, and the Commercial Intelligence Dept of India, this volume offers a comprehensive overview of the economic landscape during the period under examination. The data is invaluable for economists, historians, and researchers seeking to understand India's economic development and the factors influencing its financial dynamics. This meticulously documented work provides essential insights into the historical context of India's economy.This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work.This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Tariffs Of Foreign Countries
"Tariffs Of Foreign Countries: Asia, Africa, Australia And Polynesia" provides a detailed overview of tariff regulations in various regions during the late 19th and early 20th centuries. Compiled by the United States Bureau of Foreign Commerce, this historical document offers valuable insights into the trade policies and economic landscapes of Asia, Africa, Australia, and Polynesia. This book serves as an essential resource for researchers, economists, and historians interested in understanding the complexities of international trade relations and the historical context of global commerce. It sheds light on the specific tariff rates and trade practices that shaped economic interactions between nations, providing a comprehensive snapshot of the regulatory environment that influenced trade dynamics in these regions.This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work.This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
The Industries of the City of Rochester. A R?(c)sum?(c) of her Past History and Progress ..
"The Industries of the City of Rochester" offers a detailed look at the economic development and industrial landscape of Rochester, New York, in the late 19th century. Published in 1888, this book provides a r矇sum矇 of Rochester's past history and progress, showcasing the various industries that contributed to the city's growth and prosperity. From manufacturing to agriculture, the book highlights the key sectors and businesses that shaped Rochester's economy. Authored by John F. Hart, this historical account is invaluable for researchers, historians, and anyone interested in the economic and industrial history of American cities. It offers a glimpse into the entrepreneurial spirit and innovative endeavors that drove Rochester's development during a pivotal period in American history. Explore the businesses, the people, and the historical context that defined Rochester as a thriving industrial center.This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work.This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
