The Scout Report for Business & Economics - April 8, 1999

The Scout Report for Business & Economics

April 8, 1999

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


Econet [.pdf]
Created by Australia-based economist Tom Dickson, Econet is a new electronic network-in-progress for students, lecturers, and professors engaged in economic research. Site resources include selected Australian economic statistics and other Reserve Bank of Australia publications, a chatroom, essays on economic theory, and the Research Database -- a directory of researchers that is searchable by interest area (registration required). [MW]
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Global Trade Expansion and Liberalisation: Gender Issues and Impacts [.pdf]
Global Trade Expansion and Liberalisation: Gender Issues and Impacts is a new study prepared by Marzia Fontana, Susan Joekes, and Rachel Masika for the UK-based Department for International Development (DFID) and published by Briefings on Development and Gender, BRIDGE (reviewed in the March 23, 1999 Scout Report for Social Sciences). The authors advocate the use of gender as a variable in formulating trade policies and consider the implications of trade liberalization on the livelihood of women in poor nations. This 86-page study also reviews existing research on gender and trade and provides case studies for Ghana, Uganda, Sri Lanka, Pakistan, Bangladesh, and Jamaica. [MW]
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Robert D. Burch Center for Tax Policy and Public Finance [.pdf, .zip]
An affiliate of the Institute of Business and Economic Research at the University of California, Berkeley, the Robert D. Burch Center for Tax Policy and Public Finance aims to promote, disseminate, and stimulate "informed discussion of tax policies of national significance." The site hosts Burch Center Working Papers in full-text (1995-present) in addition to recent conference paper abstracts, course syllabi, and Matlab generational accounting programs and data for the calculation of tax burdens on future generations (in compressed file format). [MW]
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Economics of Biodiversity [.pdf]
The International Union for Conservation of Nature and Natural Resources (IUCN) manages this clearinghouse on the economics of biodiversity in support of equitable and sustainable natural resource use. IUCN arranges their discussion papers in full-text by theme, and a mixture of relevant economic, legal, and policy information is highlighted throughout the site. [MW]
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Edited by Gary Klein, Management & Economics Librarian at Willamette University, Salem, OR, and distributed at Boise State University, ID, BUSLIB-L is an electronic discussion list addressing "the collection, storage, and dissemination of business information within a library setting." BUSLIB-L exchanges often focus on research reference questions in business and economics as well as difficult to locate information, but additional discussion topics include database reviews, vendor relations, and business library employment. Note: users may access the BUSLIB-L archives at the separate Web address listed above (1998-present). [MW]

To subscribe to BUSLIB-L, send a message to:
In the body of the message, type:
    SUBSCRIBE BUSLIB-L firstname(s) lastname
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Learning Resources

Labor Unions and the Internet
Cornell University librarians Suzanne Cohen and Deborah Joseph prepared this extensive guide to labor union information on the Internet as part of a Catherwood Library Labor/ Management Outreach Program. An eloquent introduction explains the importance of the Internet as a networking and research tool for labor organizations, and over 20 annotated webliographies guide users to online directories, statistics, company information, newsletters, and collective bargaining legal links, among other resources. [MW]
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Euro Papers [.pdf]
Europa: Euro
Available from Europa's Euro site (discussed in the April 18, 1997 Scout Report), the Euro Papers are an on-going series of publications on "technical and practical issues related to the introduction of the euro." Currently, 28 papers are available on diverse subjects such as the impact of the euro on Mediterranean partner countries and the legal implications of the European Monetary Union. The papers may be downloaded in .pdf format and some may be viewed in eleven European languages from the Europa: Euro entry point listed above. [MW]
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Asia in the World Economy
Asia in the World Economy (AWE) is a "comprehensive web resource on Asia" from the John F. Kennedy School of Government at Harvard University. The site features maps, "best sites," and country profiles of China, Japan, India, and beyond, in addition to a webliography of regional resources with economic, political, and news media information. [MW]
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Tools for Finding Indexed Accounting Research
The American Accounting Association (AAA) lists the print resources and electronic databases where AAA journals are indexed and abstracted at this Tools for Finding Indexed Accounting Research page. The detailed list includes indexing and abstracting devices for a number of journals -- Accounting Horizons,The Accounting Review,Auditing: A Journal of Practice & Theory,Behavioral Research in Accounting,Issues in Accounting Education,Journal of the American Taxation Association,Journal of Information Systems, and the Journal of Management Accounting Research -- with date coverage and full-text information included for each. [MW]
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MLR: The Editor's Desk -- BLS
Because "more happens at BLS each month than the single page can cover," editors of the Monthly Labor Review from the US Bureau of Labor Statistics post economic news not found in the print edition to The Editor's Desk online. Here students will find short analyses of BLS data with links to in-depth reports for research purposes. [MW]
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General Interest

Hoover's UK
Hoover's, the "ultimate source for company information," now has a UK database with background information, key competitors, financial data, and news on British companies. Hoover's UK also lists additional European companies by country, and a link to the US-based Hoover's Online allows comprehensive searches for companies on both sides of the Atlantic. [MW]
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IPO Express
IPO Express is a new database of over 2,500 initial public offer filings from EDGAR Online. Users can search by industry, company, underwriter, or geographic location and retrieve details on the offer, principle shareholders, and competitors in addition to other relevant company information. [MW]
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The Umbrella Project
The Umbrella Project is an organization founded by recent college graduates that addresses the problems and concerns of other young entrepreneurs "just getting started." The authors draw on their own experience developing the agrobiotechnology company Senesco Technologies, Inc. and provide a plethora of links to college entrepreneur organizations, competitions, useful magazines, and other tools. [MW]
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Closing: The Life and Death of an American Factory
Available from the Yale University Art Gallery, this photo exhibit by Bill Bamberger chronicles the closing of the White Furniture Company of Mebane, NC in May 1993. Eleven online images provide an intimate view of the manufacturing workers' plight, and viewers may read or post reactions at the Forum page. [MW]
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Taxes at UIC
The University of Illinois at Chicago presents this helpful guide to Internet tax information. In addition to the "tax basics" of tax terminology and federal and state electronic forms, Taxes at UIC also offers sources for tax law research, tax history, revenue statistics, and "tax trivia" -- a list of unusual taxable goods. [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:
Finance and Economics Discussion Series (FEDS)
Short Rate Expectations, Term Premiums, and Central Bank Use of Derivatives to Reduce Policy Uncertainty
What Explains the Dramatic Changes in Cost and Profit Performance of the U.S. Banking Industry?
Simple Rules for Monetary Policy
Evaluating the Forecasts of Risk Models
Simplicity Versus Optimality: The Choice of Monetary Policy Rules When Agents Must Learn
Asymmetric Information in the Labor Market: New Evidence on Layoffs, Recalls, and Unemployment
The Aggregate Change in Shares and the Level of Stock Prices

Federal Reserve System:
FRB Atlanta Working Papers [.pdf]
Improving Forecasts of the Federal Funds Rate in a Policy Model
Heterogeneity and the Welfare Cost of Dynamic Factor Taxes

FRB Minneapolis Discussion Papers and Staff Reports [.pdf]
Entrepreneurial Moral Hazard and Bank Monitoring: A Model of the Credit Channel
A Recursive Formulation for Repeated Agency with History Dependence

FRB New York Staff Reports [.pdf]
Liquidity in U.S. Fixed Income Markets: A Comparison of the Bid-Ask Spread in Corporate, Government and Municipal Bond Markets
The Nature and Growth of Vertical Specialization in World Trade
Structural Estimates of the U.S. Sacrifice Ratio

FRB Richmond Working Papers [.pdf]
Limited Commitment and Central Bank Lending

Other Institutions:
International Monetary Fund (IMF) Working Papers [.pdf]
How Intensive Is Competition in the Emerging Markets? An Analysis of Corporate Rates of Return from Nine Emerging Markets
Exchange Rate Movements and Tradable Goods Prices in East Asia - An Analysis Based on Japanese Customs Data, 1988-98
The Length and Cost of Banking Crises
A Model of Contagious Currency Crises with Application to Argentina
The Korean Financial Crisis of 1997: A Strategy of Financial Sector Reform
Explaining Foreign Exchange Market Puzzles
Monetary Policy and Public Finances: Inflation Targets in a New Perspective
Financial Liberalization, Credit Constraints, and Collateral: Investment in the Mexican Manufacturing Sector
Capital Controls and Trade Liberalization in a Monetary Economy
Growth Gains from Trade and Education
The Stock Market Channel of Monetary Policy
Does Higher Government Spending Buy Better Results in Education and Health Care?

Organization for Economic Co-operation and Development (OECD) Technical Papers [.pdf]
Structural Policies for the International Competitiveness in Manufacturing: the Case of Cameroon
Economic Policy Reform and Growth Prospects in Emerging Africa Economies
La lib/ralisation de l'agriculture tunisienne et de l'Union Europ/enne

Stockholm School of Economics:
Working Paper Series in Economics and Finance (S-WoPEc) [.pdf,.ps,.zip]
A Note on Contingent Claims Pricing with Non-Traded Assets
Assessing the Effect of Schooling on Earnings Using a Social Experiment
Performance and Characteristics of Swedish Mutual Funds 1993-97
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Federal Reserve System:
FRB Atlanta EconSouth
FRB Cleveland Economic Trends [.pdf]
FRB Dallas Southwest Economy [.pdf]
FRB Kansas City Regional Economic Digest [.pdf]
FRB Minneapolis The Region
FRB New York Economic Policy Review [.pdf]
FRB San Francisco Western Economic Developments [.pdf]
The first quarter 1999 issue of EconSouth from FRB Atlanta looks at online technology and business practices, natural disasters in the Southeastern US, and monetary policy in Brazil. The latest Economic Trends from FRB Cleveland includes articles on the US economy as well as the rising Japanese yen and exchange rates in Argentina. FRB Dallas considers state spending for research and development (R&D) proposed by the Texas legislature in the Southwest Economy for March/ April 1999. Current economic factors in the Tenth Federal Reserve District are explored in FRB Kansas City's Regional Economic Digest. This month's The Region from FRB Minneapolis includes comments on Y2K, the FRB BOG's Beige Book, and economic education from Woodrow president Gary Stern. Forthcoming 1999 Economic Policy Review articles from FRB New York analyze supervisory information and the frequency of bank examinations, financial security, and exchange rates and profit margins in Japan. According to the latest Western Economic Developments from FRB San Francisco, economic activity in the Twelfth District expanded at a moderate pace and several large banks experienced unusually low earning for the fourth quarter 1998. [MW]

United States International Trade Commission (USITC)
International Economic Review [.pdf]
The January/ February 1999 issue of International Economic Review from the USITC reports on EU expansion and free trade with Mexico, Mercosur, and South Africa as well as US-EU trade issues such as the third generation mobile phone technology debate. [MW]

Bank for International Settlements (BIS)
Quarterly Review: International Banking and Financial Market Developments [.pdf]
BIS Review [.pdf]
According to the fourth quarter 1998 Quarterly Review: International Banking and Financial Market Developments from the BIS, gross issuance of bonds was "of the same order of magnitude" as third quarter figures, but a record volume of maturing debt meant that net financing fell to its lowest level in three years. Recently released articles and speeches from the BIS Review include the Governor of the Bank of Canada's remarks on the future of the Canadian financial sector, a presentation on the Indonesian economy from the Governor of Bank Indonesia, and comments on the Y2K computer problem from US Federal Reserve Board member Edward W. Kelly. [MW]
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Books and Journals

Baker & Taylor
Baker & Taylor Latest Books in Business -- April 1999
Baker & Taylor Latest Books in Economics -- April 1999
Baker & Taylor lists business and economics books published in April 1999. [MW]

Econbase -- Elsevier
The abstracts and tables of contents for the following journals are now available online: Ecological Economics (Vol 28 No 2), Economics Letters (Vol 62 No 2), Energy Economics (Vol 21 No 1), Journal of Corporate Finance (Vol 5 No 1), Journal of Econometrics (Vol 90 No 1), Journal of Empirical Finance (Vol 6 No 1), Pacific-Basin Finance Journal (Vol 7 No 1), Research Policy (Vol 28 No 4). [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 events, or they may search the Inomics conference database by date, geographic location, or JEL classification. [MW]

Conferences with Econometric Interest
The Royal Economics Society's Econometrics Journal site lists conferences in econometrics at this Econometric Links section. Forthcoming international conferences currently listed include the Eighth Symposium on Finance, Banking and Insurance in Karlsruhe, Germany, and the METU International Conference in Economics/III in Ankara, Turkey. [MW]

Technology Communities: Competing in the New Millennium
The Economic Development Administration's Southwest Region will hold its 1999 annual conference entitled Technology Communities: Competing in the New Millennium on June 2-4, 1999 in Dallas, TX. The conference is intended for economic development officials, business and trade associations, government agency policymakers, and community-based groups. Panels will address technology-based economic development in distressed communities, electronic commerce, minority entrepreneurship, and wiring libraries, schools, and colleges for the 21st century, among many other issues. The Economic Development Administration's site provides an overview of the program, panel information, and the opportunity to register. [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)

Inomics: Job Openings for Economists
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New Data

Federal Reserve Board of Governors (FRB BOG)
Structure Data for US Offices of Foreign Banks [.pdf]
The US Federal Reserve Board of Governors publishes data on foreign bank assets for offices located in the US each March, June, September, and December with a four-month delay. The current 165-page report lists banks by type, home country, and federal reserve district. [MW]
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Census Bureau
Annual Capital Expenditures: 1997 [.pdf]
US businesses invested $870.2 billion in capital goods in 1997, up 7.8 percent from 1996, and approximately six million businesses accounted for 89 percent of 1997 investment spending, according to the latest Annual Capital Expenditures (ACE) from the US Census Bureau. [MW]
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Bureau of Labor Statistics (BLS)
Regional and State Employment and Unemployment, February 1999
Metropolitan Area Employment and Unemployment, February 1999
The Employment Situation, March 1999
The Midwest's unemployment rate remained the lowest in the US this February at 3.5 percent, according to the Bureau of Labor Statistics, while the West reported a high rate at 5.0 percent. Metropolitan areas with high rates of unemployment included New York, NY at 7.3 percent, Los Angeles-Long Beach, CA at 6.5 percent, and Miami, FL at 6.3 percent. In March 1999, the unemployment rate dropped to 4.2 percent with employment rises in most service-producing industries. Manufacturing and mining employment continued to decline. [MW]
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United States Department of Agriculture (USDA)
USDA Reports Calendars -- April 1999
USDA Agency Reports Calendar
ERS Calendar
Prospective Plantings [.pdf]
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 two calendar sites. Notable data for early April 1999 is the Prospective Plantings release from the National Agricultural Statistics Service (NASS). This year, analysts predict the lowest planted acreage of corn since 1995, at 78.2 million acres, and the largest planted area for soybeans on record, at 73.1 million acres. [MW]
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Energy Information Administration (EIA)
International Energy Outlook 1999
The EIA's International Energy Outlook 1999 presents international energy projections through 2020 and discusses electricity, transportation, and environmental issues. According to the report, growth in energy demand has been severely hampered by current international economic troubles, and natural gas is projected to be the fastest-growing primary energy source of the next 20 years. [MW]
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In The News

Kazakhstan's Currency Falls
(1) Kazakhstan's Currency Tumbles -- BBC News
(2) Kazakhstan, IMF in Tiff? -- CNNfn
(3) Search the World: Kazakhstan; Kazakstan -- International
(4) Radio Free Europe: Kazakh Service [RealAudio]
(5) Welcome to the Official Kazakhstan!
(6) Lonely Planet: Destination Kazakstan
(7) Kazakhstan Resource Page
This week's In the News follows economic conditions in the former Soviet Republic of Kazakhstan. The above seven resources provide news, government links, and background information on Kazakhstan and its currency. Following a Kazahk National Bank announcement ending government limitations on currency exchange, the tenge fell in value from 88.30 tenge to the dollar on April 2, 1999 to 150.00 tenge to the dollar on April 6, 1999. The decision allows Kazakhstan's currency to float freely on international exchange markets and has resulted in some criticism from the International Monetary Fund (IMF). According to the IMF's representative Paul Ross, the decision should stimulate economic growth in this once-industrial economy, but it may come at some social cost. Currently, Kazahk citizens may exchange their bank deposits at pre-fall rates to the dollar providing they do not withdraw their savings for nine months, and as the BBC reports, many shop keepers in the commercial capital of Almaty have already doubled their prices.

BBC News provides the most detailed information on this little-reported event in the article Kazakhstan's Currency Tumbles (1), and additional news with IMF details is available from CNNfn (2). Search the World: Kazakhstan from the International edition (3) is a search page that provides readers with links to current updates on Kazakhstan as well as weather, economic data, and background information from US government sources. The latest news from Kazakhstan is also available from Radio Free Europe's Kazakh Service with daily RealAudio broadcasts. The official Republic of Kazakhstan homepage (5) provides culture, history, and government overviews as well as Kazkh economic development information. Lonely Planet's guide to Kazahk land and culture includes recommending reading and travel information in addition to maps, a historical discussion, and "facts at a glance." Readings, maps, and factbooks are also available from the extensive Kazakhstan Resource Page provided by the Central Eurasia Project; the sited also offers additional news media links addressing Eurasia in general. [MW]
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The Scout Report for Business & Economics is published every other Thursday by the Internet Scout Project, located in the University of Wisconsin-Madison's Department of Computer Sciences.

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