The paper focuses on regional trade agreements and economic co-operation and develops a new appropriate approach to study their impact on growth and trade. The approach is based on an endogenous trade-growth theory and novelly specified in an economic integration (expenditure) framework which is the conceptual foundation of regional trade agreements. Importantly, it also appropriately takes int...

  The paper uses economic and energy data analysis and econometric modeling to study the prospects and challenges of Korea’s 2003 FTA Roadmap (MOFAT 2013) in the form of potential comprehensive partnerships with its major trade and energy partners. It first reviews Korea’s international economic and trade relations in recent years with a focus on its major merchandise export destinations an...

We subject claims about the benefits of activity-based costing systems to the scrutiny of analytical models incorporating rational behavior by users of product costing systems. We find that a monopolist Is almost always strictly better off using multiple cost drivers as in an activity-based costing (ABC) system even when the system makes measurement errors in assigning overhead costs to activit...

The gross-output multifactor productivity index for U.S. food manufacturing grew 0.19 percent per year between 1975 and 1997. This productivity growth is low when compared with an estimate of 1.25 percent per year for the whole manufacturing sector. Low investment in research and development (R&D) could be one reason. Although productivity has been relatively low, food manufacturing output has ...

This title raises a number of important issues which this paper does not attempt to explore. Any adequate response would require some analysis of what is meant by a 'health policy'. Some attempt would need to be made to evaluate the benefits of health, the costs to society of disease and the resource requirements of policies intended to promote health. Such a 'health policy' would need to relat...

In a packet-switched integrated-services network, the service provider can charge users a state-dependent price, which depends on the extent to which the network is congested. Alternatively, one can also charge users a long-term average price, which is set based on expected demand and capacity availability derived from prior experience at that time-of-day, but independent of instantaneous netwo...