The Scout Report for Business & Economics - December 3, 1998

The Scout Report for Business & Economics

December 3, 1998

A Publication of the Internet Scout Project
Computer Sciences Department, University of Wisconsin-Madison

The target audience of the new Scout Report for Business & Economics is faculty, students, staff, and librarians in business and economics. Each biweekly issue offers a selective collection of Internet resources covering topics in the field that have been chosen by librarians and content specialists in the given area of study.

The Scout Report for Business & Economics is also provided via email once every two weeks. Subscription information is included at the bottom of each issue.

In This Issue


Learning Resources

General Interest

Current Awareness

New Data

In The News


Economy and Environment Program for South East Asia (EEPSEA)
Established in 1993, the Economy and Environment Program for South East Asia (EEPSEA) supports training and research in environmental and resource economics in Thailand, Malaysia, Indonesia, the Philippines, Papua New Guinea, Vietnam, Cambodia, Lao PDR, China, and Sri Lanka. Information on EEPSEA research projects, workshops, postdoctoral awards, and organizational structure is available in addition to the educational guide How to Design a Research Project in Environmental Economics. Full-text publications include policy briefs on issues of environmental regulation, in-depth research reports (1997-present), and a recently released series of Special Papers. [MW]
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Management Link
A UK-based Institute of Management effort, Management Link is a large metasite encompassing the "theory and practice of management" for scholars, students, and practicing managers. Researchers may select a letter in the A-Z Index or browse annotated links under two broad subject headings: Management Skills, which includes topics such as Managing Quality, Business Performance, Finance and Change, among other categories, and Management Sources, a collection of professional, government, education, and company Internet resources. [MW]
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Parker Center for Investment Research
Located at Cornell University, the Parker Center for Investment Research is dedicated to "the creation and dissemination of leading-edge research relevant to investment managers." Publications on-site include recent working papers on cost-of-capital, earnings forecasting, price momentum, and trading volume, among other topics (1997-present); also included is a collection of student-prepared research reports intended for educational use. In addition, center Professor Charles M.C. Lee posts buys and shorts of interest at the Stock Picks page. [MW]
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Annotated Bibliography on Transaction Cost Economics
Designed as a "starting point" for those interested in economic theories of organizations and institutions from a transaction cost perspective, the Annotated Bibliography on Transaction Cost Economics by Professor Harvey S. James, Jr., University of Hartford, cites theoretical and empirical research. Articles on general issues in institutions and the political economy are listed in addition to summary and survey articles, textbook titles, and links to key journals. [MW]
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Population Profile of the United States: 1997 -- US Census Bureau [.pdf]
A Current Population Report Special Study by the Census Bureau, Population Profile of the United States: 1997 (first described in the November 20, 1998 Scout Report), draws on a variety of sample survey and census data to assemble this picture of recent demographic, social, and economic trends in the US. Twenty-six sections outline "population universes" according to age, ethnic group, family membership, home ownership, and geographic location, among many indicators. Although the format of the report is primarily narrative, highlighted topic sentences and graphical charts give each topic a factsheet appeal. [MW]
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Learning Resources

IFCI Risk Watch
Developed by the International Finance and Commodities Institute (IFCI), Risk Watch is an introduction and guide to key concepts in financial risk management. The site presents overviews of risk sources, mitigation, and public policy objectives, with links to relevant glossary terms and literature from the IFCI Risk Library -- a collection of "core" regulatory documents on international finance from the BIS, IOSCO, the G-30, and other administrative bodies. The case study examples of Mr. Hamanaka of Sumitomo and the collapse of Barings, Britain's oldest merchant bank, are also provided: readers may search the Risk Library by author, keyword, or date of publication (1988-present). [MW]
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Managerial and Industrial Economics [.pdf]
Kevin Hinde, University of Northumbria, Newcastle, UK, teaches students to critically analyse "government intervention in the competitive process" at his industrial economics course site. Hinde supplies course goals, complete lecture notes, and a slide show on the economic regulation of industry in the US and UK in his 72-page Interactive Textbook. A collection of Web resources spanning the business media pages, strategic management links, UK legislative sources, and regulators around the world may be useful for student research. [MW]
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Business Education Lesson Plans and Resources
Compiled by Tonya Skinner, this metasite encourages lesson plan sharing and professional development among business teachers and business education students. The site includes annotated links to high-school-level sites on accounting, computing, economics, general business, and business law, in addition to a list of professional organizations, job search resources, and HTML instruction for business educators. An "ideas" bulletin board and detailed information on educational software downloads complete the site. [MW]
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Ron Wise's Geographical Directory of World Paper Money
Ron Wise invites viewers to "click on their area of interest" and examine his extensive collection of paper money from around the world. Wise's scanned images are retrievable from a clickable map, and educational use of these diverse banknotes is encouraged. [MW]
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General Interest

Investorville is an "unmonitored community of message board users" designed by the creators of InvestorGuide (described in the May 21, 1998 Scout Report for Business & Economics). Recent billboard topics range from IPOs, IRAs, and DRIPs to online brokers, techinvesting, and Y2K. Free registration is required to post messages. [MW]
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Thomas Regional Directories
Published by the Thomas Regional Directory Company, this searchable directory connects buyers to over 480,000 manufacturers, distributors, and service companies in nineteen US industrial regions from the Greater Allegheny to Southern California. Users may search by product, service, or company name and view company profiles, street addresses, phone, fax, and Web addresses, when available. Other search features include the ability to narrow queries by county, city, or area code and a "company status" option which limits results to minority or women-owned businesses. [MW]
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Consumers Digest Online
This online magazine adds search power and display options to its product review print counterpart Consumers Digest. Readers may create product comparisons via Consumer Digest Online's database or browse archived articles on "shopping tips" or "best buys" by product type. The Issues and Investigations section addresses current topics of concern to consumers. Visitors can get advice in the Your Money section. Note: registration is required for some Consumer Digest Online services, particularly the Compare Pad product comparison option. [MW]
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Cassandra's Revenge
Written by Ellen McGirt, Cassandra's Revenge is a newsletter for women on "money, investing, personal growth and fun." McGirt provides thought-provoking articles, book reviews and general investment advice, in addition to Cassandra's Rolodex -- a list of businesses with special services for women. Visitors can read the story behind the newsletter title or explore how writing can aid financial literacy in McGirt's personal journal. [MW]
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Current Awareness
(For links to additional current awareness on tables of contents, abstracts, preprints, new books, data, conferences, etc., visit the Business & Economics Current Awareness Metapage:

Working Papers

Federal Reserve Board of Governors:
1998 Finance and Economics Discussion Series (FEDS) [.pdf]
No 43: Inflation Expectations and the Transmission of Monetary Policy
No 42: Bubbles or Noise? Reconciling the Results of Broad-Dividend Variance-Bounds Tests
No 41: Currency Ratios and U.S. Underground Economic Activity
1998 International Finance Discussion Papers (IFDPs) [.pdf]
No 628: Inflation and the Great Ratios: Long-Term Evidence from the US
No 627: Tradeoffs between Inflation and Output-Gap Variances in an Optimizing-Agent Model

Federal Reserve System:
FRB Boston Working Papers [.pdf]
No 9807: Japanese Banking Problems: Implications for Southeast Asia
FRB Cleveland Working Papers [.pdf]
No 9817: Non-Par Banking: Competition and Monopoly in Markets for Payments Services
No 9816: Evolutionary Programming as a Solution Technique for the Bellman Equation
FRB New York Staff Reports [.pdf]
No 52: Institutional Affiliation and the Role of Venture Capital: Evidence from Initial Public Offerings in Japan
No 51: Why Did Thrift Goodwill Matter in 1989?
No 50: Piggy Banks: Financial Intermediaries as a Commitment to Save
FRB Philadelphia Working Papers [.pdf]
No 9821: Measuring Housing Services Inflation

Bank for International Settlements (BIS) Working Papers [.pdf]
No 60: Output gap uncertainty: Does it Matter for the Taylor Rule?
No 59: Portfolio Selection Using Fuzzy Decision Theory

Stockholm School of Economics (S-WoPEc) Working Paper Series in Economics and Finance
No 285: Capital Subsidies and the Performance of Firms
No 284: Regional Policy and Convergence of Real per Capita Income Among Swedish Counties
No 283: Characteristics of Government Supported Firms
No 282: Have Swedish Postwar Business Cycles Been Generated Abroad or at Home?
No 280: Duration of Consumer Loans and Bank Lending Policy
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FRB Atlanta Economics Update
FRB Boston New England Economic Indicators [.pdf]
Federal Reserve Bank of Chicago FedLetter with Special Issue [.pdf]
FRB Philadelphia Survey of Professional Forecasters [.pdf]
FRB San Francisco Economic Letters
The fourth quarter 1998 issue of Economics Update from the Federal Reserve Bank of Atlanta includes a cover story on the US economic outlook in the midst of global crises and takes an "international look" at social security privatization in Latin America. November 1998 New England Economic Indicators data are now available from FRB Boston with update tables on total nonagricultural, manufacturing, and nonmanufacturing employment. An updated metapage of Indicators Sources on the Internet is also available on-site. Recent trends in job displacement are covered in the December 1998 issue of FRB Chicago's FedLetter, and proceedings from the October 8-10, 1998 IMF co-sponsored conference "Asia: An Analysis of Financial Crisis" is summarized in this month's Special Issue. According to the fourth quarter issue of Fed Philadelphia's Survey of Professional Forecasters, a first-half slowdown is expected accompanied by gains on the short-term inflation front. East Asia's impact on twelfth district exports is covered in a recent FRB San Francisco Economic Letter (No 98-35), and another gives information on the factors affecting California's manufacturing sector (No 98-36). [MW]

Bank for International Settlements (BIS)
BIS Review [.pdf]
Recently released articles and speeches from the BIS Review include European Central Bank President Dr. Willem F. Duisenberg's statements on the international role of the euro and the ESCBs monetary policy to the Frankfurt European Banking Congress, Reserve Bank of Australia Governor Mr. I.J. Macfarlane's suggestions for improving the operation of the international financial system, and Bank of England Governor Mr. E.A.J. George's assessment of the UK economic past and future. [MW]

World Bank Infobriefs and Findings
Current reports on ongoing operational, economic, and sector work carried out by the World Bank and its member governments in the Africa Region include the Infobrief No 35 "Guinea: Speeding up Technology Transfer to Rice Growers" and the Findings No 127 entitled "Uganda: The Sexually Transmitted Infections Project" with statistical summaries and trends on HIV/AIDS in Uganda. [MW]
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Books and Journals

Baker & Taylor
Baker & Taylor Latest Books in Business -- December 1998
Baker & Taylor Latest Books in Economics -- December 1998
Baker & Taylor lists business and economics books published in December. [MW]

Harvard Business School Publishing What's New
Recent titles from Harvard Business School publishing include Cutting Edge: Gillette's Journey to Global Leadership by Gordon McKibben, Defining Moments: When Managers Must Choose between Right and Right by Joseph L. Badaracco Jr., and The Death of Distance: How the Communications Revolution Will Change Our Lives by Frances Cairncross. [MW]

Econbase -- Elsevier
The abstracts and tables of contents for the following journals are now available online: Ecological Economics (Vol 27 No 1), Economics Letters (Vol 60 No 3 & Vol 61 No 1), Journal of Banking and Finance (Vol 22 Nos 10-11), Journal of Econometrics (Vol 88 No 1), Journal of Financial Economics (Vol 50 No 2), Journal of Monetary Economics (Vol 42 No 3), Journal of Public Economics (Vol 70 No 1). [MW]
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Inomics Conference Calls:
Email Conference Alert
Conference Search
The economics research service Inomics (described in the June 18, 1998 Scout Report for Business & Economics) includes a conference alert service. Interested parties may specify their interests and receive email notifications of up-coming economics conferences. Searches in the Inomics conference database may be limited by date, open calls for papers, geographic location, or JEL classification. [MW]

Maryland/Penn State Spring Conference in Dynamics
Funded by Institute for Physical Science and Technology and the National Science Foundation, the Maryland/Penn State Spring Conference in Dynamics will be held March 20-23, 1999 at the University of Maryland, College Park. Talks will address the theme of Measurable and Topological Dynamics. Lodging, contact, and weather information is provided on-site. [MW]

Society for the Advancement of Behavioral Economics
The Society for the Advancement of Behavioral Economics will meet to discuss the theme Economics and Other Social Sciences June 13-14, 1999 in San Diego, CA. Proposals for papers and offers to serve as session chairs and/or discussants are welcome from members and nonmembers. Featured speakers include Irma Adelman, UC Berkeley on Fallacies in Development Theory and Implications for Development Policy and Evelyn Lehrer, University of Illinois, Chicago on The Demographic Consequences of Religious Affiliation, among fifteen others. [MW]

Eighth Canadian Conference on Health Economics
Hosted by the Canadian Health Economics Research Association, the Eighth Canadian Conference on Health Economics entitled Exploring the Health Frontier: The Effect of Reform Initiatives on Canadian Health and Health Care will be held August 19-21, 1999 in Edmonton, Alberta. International and Canadian research on health economics and health services will be presented; graduate students are welcome to participate. Complete registration and paper submission information is available online. [MW]

Third International Conference on Survey and Statistical Computing
The Association for Survey Computing will hold the Third International Conference on Survey and Statistical Computing September 22-24, 1999 at The University of Edinburgh, Scotland. Invited speakers include Mick Couper, University of Michigan; David Hand, The Open University; and Andy Teague from the Office for National Statistics, among others. Papers presented will cover all aspects of survey and statistical computing, from data capture to survey dissemination. The deadline for paper submissions is March 1999. [MW]
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Job Openings from The Chronicle of Higher Education
Job Openings in Economics
Job Openings in Business and Management

Job Openings for Economists (JOE)
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New Data

Census Bureau
Gender and Aging: Mortality and Health [.pdf]
The Gender and Aging: Mortality and Health International Brief issued by the US Census Bureau outlines the health care challenges inherent in worldwide life expectancy gains. According to the study, women who reach older age can expect to live more disability-free years than their male counterparts and the number of widows is rising rapidly in most parts of the world. [MW]
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Bureau of Economic Analysis (BEA)
US International Trade in Goods and Services, September 1998
Gross Domestic Product, Third Quarter 1998
Personal Income, October 1998
Total US exports of $77.1 billion and imports of $91.2 billion resulted in a goods and services deficit of $14.0 billion this September -- down $1.9 billion from revised August figures. US real gross domestic product increased at an annual rate of 3.9 percent in the third quarter of 1998 according to preliminary estimates from the Commerce Department's Bureau of Economic Analysis. Major contributors to this $71.4 billion increase include personal consumption expenditures for services and inventory investment offset by an increase in imports and a decrease in exports. [MW]
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Bureau of Labor Statistics (BLS)
Metropolitan Area Employment and Unemployment, October 1998
Regional and State Employment and Unemployment, October 1998
According the US Bureau of Labor Statistics, the lowest metropolitan unemployment rates were recorded in Fargo-Moorhead, ND-MN; Columbia, MO; and Rochester, MN. High rates of joblessness were reported in Yuma, AZ where seasonal layoffs affect employment. Regional and state employment and unemployment rates remained generally stable this October, with all four regions registering virtually no change. The national jobless rate remained at 4.6 percent, while nonfarm payroll employment rose in 37 states. [MW]
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United States Department of Agriculture (USDA)
USDA Reports Calendars -- November 1998
USDA Agency Reports Calendar
ERS Calendar
NASS Calendar
Outlook for U.S. Agricultural Exports (AES-BB)
USDA summarizes its report releases from various sources (the Economic Research Service, the National Agricultural Statistics Service, the Foreign Agricultural Service, and the World Agricultural Outlook Board) at these three calendar sites. Notable data for the end of November 1998 include the quarterly USDA ERS Outlook for US Agricultural Exports (AES-BB) with the latest value and volume of US farm exports by commodity and region, agricultural trade balance, import commodities, and export outlook. Projected fiscal year 1999 agricultural exports are down $1.5 billion from August estimates due to lower commodity prices and reduced poultry and horticulture export volumes. Projected US agricultural imports for fiscal year 1999 have also been lowered, and the agricultural export surplus is expected to drop to $12 billion -- its lowest standing since 1987. [MW]
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Energy Information Administration (EIA)
International Petroleum Statistics Report [.pdf]
The EIA's most recent international oil data is available via the International Petroleum Statistics Report. This report includes the Oil Market Chronology for October 1998, monthly world oil production data through September 1998, and monthly OECD country oil demand, imports, and stocks data through July 1998. Also included are international oil balance data for 1994-1998 and annual oil data series for 1970-1997. [MW]
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In The News

Exxon and Mobil Merge
(1) Exxon and Mobil Sign Merger Agreement
(2) Exxon Corporation
(3) Mobil Corporation
(4) Big Oil: The Overview -- NY Times
(5) Eyes on Oil -- CNNfn
(6) Energy Information Administration: Petroleum [Frames]
(7) Organization of the Petroleum Exporting Countries (OPEC)
(8) Sci.Geo.Petroleum Internet Resources
(9) Current Economics Archives Search
(10) Antitrust Policy
This week's In the News looks at the recent megamerger between Exxon Corporation and Mobil Corporation. These ten resources provide news, financial data, and opinion on the largest corporate purchase to date as well as information on the oil industry in general. In a move deemed "the end of the age of OPEC" by Wall Street Journal reporter Bernard Wysocki, Exxon Chairman Lee R. Raymond formally bought Mobil Oil Company for $74.4 billion on December 1, 1998. Critics of the deal await antitrust scrutiny, although officials at Exxon Mobil, as the new company will be called, cite a "volatile world economy" and the need to "enhance global competition" as central to their decision.

The December 1, 1998 press release on the Exxon-Mobil merger is available from the Exxon news archive (1) with 1997 comparative figures on the two companies as well as media relations contacts. Further press releases, product information, details of corporate structure, and shareholder data is present at the Exxon (2) and Mobil (3) company homepages. The NY Times critiques the new alliance with discussions of Standard Oil history, antitrust speculation, and possible layoffs in the news compilation Big Oil: The Overview (4). Financial perspective on recent drops in oil prices, OPEC activity, and investor reaction are available from the CNNfn Special Report Eyes on Oil (5). Statistical information on the petroleum industry may be found at the US EIA Petroleum page with weekly, monthly, and annual price watches as well as market analysis (6). The Organization of the Petroleum Exporting Countries (OPEC) circulates similar data at its homepage in addition to press releases (7). Links to other oil organizations, statistical distributors, libraries, journals, directories, maps, and newsgroups may be located at the Sci.Geo.Petroleum mailing list Internet Resources page (8). Academic opinion on natural resource economics, the international political economy, and antitrust policy is available from the searchable Communications for a Sustainable Future (CSF) discussion group archive (9) and the Antitrust Policy site (10) (described in the October 9, 1998 Scout Report for Business & Economics). [MW]
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