The Scout Report for Business & Economics - April 20, 2000

April 20, 2000

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


Intellectual Property Rights Helpdesk
From Community Research and Development Information Service (CORDIS), the Intellectual Property Rights Helpdesk offers a host of information for those interested and involved in intellectual property rights and the European Union. The site's main information is divided into four parts. The section on Intellectual Property Issues offers a variety of in-depth resources including statistics, briefing papers, a glossary of terms, and links. RTD IP Issues deals with Research and Technology Development (RTD), especially in terms of European Union-funded research. This includes RTD briefing papers, news, and tutorials, as well as FAQs, model contracts, and Technological Implementation Plans. EU National Pages breaks down IP information and resources by EU country, and IP News offers up-to-date news about Intellectual Property issues. [EM]
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Migration of Working Children in Nepal
A project of the International Labor Organization and the Central Department of Population Studies at Tribhuvan University, this study was created to provide information on migrant child labor, as well as explore the "activities of the children by migration status." The study considered working children between the ages of five and seventeen, in both rural and urban areas. The major findings include that 29.4 percent of the working children have migrated because of economic reasons, living away from their homes for periods from six months to five years. Most migrant child laborers come from rural areas and work in other rural areas, and of all neighboring countries, India has absorbed the most Nepalese working children. The study is available online in its entirety in HTML format. [EM]
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Occupational Outlook Handbook 2000-2001 [.pdf]
The latest edition of this biannual handbook from the Bureau of Labor Statistics (last reviewed in the March 20, 1998 Scout Report) offers a wealth of career information for a wide range of occupations, including a brief review of important features and "what workers do on the job, working conditions, the training and education needed, earnings, and expected job prospects." Users can access this information (offered in HTML and .pdf formats) in three ways: by conducting a keyword search for a specific occupation, by browsing an "occupational cluster," or by browsing a listing of all occupations in alphabetical order. The Handbook remains an excellent source of relevant, condensed, and updated occupational information. [MD]
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Financial Crises in Emerging Markets [.pdf]
This project, from the National Bureau of Economic Research (NBER), studies "the causes of currency crises in emerging market countries as well as the policies that can reduce the risk of future crises and the adverse effects when such crises occur." Along with a extensive collection of downloadable NBER research papers on this subject, the site also lists upcoming conferences on emerging markets and reports on past conferences. Chapters from forthcoming books authored by NBER associates as well as other authors affiliated with the World Bank, the Federal Reserve System, and numerous universities are also available for download. Those just beginning to learn about this topic will want to read the list of questions that the project is attempting to answer. [EM]
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Knowledge-Based Economy and Society Pilot Project (KBES) [.pdf]
Stemming from a 1996 initiative by the Clerk of the Privy Council and Secretary to the Cabinet of Canada, the Knowledge-Based Economy and Society Pilot Project studies the effects of the "technological and information revolution and the globalization of markets brought about by the rapid introduction of information and communications technologies" in transforming aspects of the Canadian economy and society. Included on this site is the conference summary report from the June 1999 conference on Skills Development in the Knowledge-Based Economy, several research papers, and links to related sites. [EM]
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Learning Resources

Study Finance [RealAudio, .pdf]
Created and maintained by the University of Arizona, this site is designed to assist beginning finance students by offering very basic information about the study of finance. Be sure to look at the online lectures, which include RealAudio files as well as accompanying handouts and tables. Also on-site are well-written, basic overviews of topics including ratio analysis, time valuation of money, and capitol budgeting. In addition, the site contains several helpful links to outside resources about market information, careers, and publications. [EM]
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Is It Any of Your Business? Consumer Information, Privacy, and the Financial Services Industry
This site, from the Federal Deposit Insurance Corporation, offers the transcripts and video files of speeches given at a March 23, 2000 public forum on consumer privacy. The forum explored consumer privacy from a variety of angles including financial institution regulations and legal responsibilities. Speakers ranged from Ann S. Barefoot, Managing Director, KPMG Consulting; to Thomas J. Sheenan, President, Grafton State Bank of Grafton, Wisconsin; to Frank Torres from the Legislative Counsel Consumers Union. Also included is the transcript of the forum, available in its entirety. [EM]
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The Institute of Chartered Accountants in England and Wales Links Page
The Institute of Chartered Accountants in England and Wales (ICAEW) library has created this enormous collection of links related to finance and accounting. Complete with pithy annotations, the links are organized by category down the left frame of the site and include such topics as banking and finance, e-commerce, economics, and market research. New links are added frequently and noted with a large red "New" icon. [EM]
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School to Work [.pdf]
This 68-page guide from the Federal Reserve Bank of New York "is intended to discuss the potential linkage between School-to-Work (STW) partnerships, and the Community Reinvestment Act." The Federal Reserve Bank of New York has a long-standing tradition of involvement in educational programs and has an ongoing interest in exploring the links between education and community and economic development. The guide describes STW programs, explores the importance of STW programs in terms of community, and is aimed at guiding and encouraging community groups including educators, local businesses, and financial institutions to create and participate in STW programs. [EM]
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Global Financial Data [.pdf]
This impressive collection of historical global financial data stretches from the years 1264 to 2000. While most of the actual data must be purchased, this Website does offer several free series, including Stock Markets since 1693, Interest Rates since 1700, and Inflation Rates since 1264. The site also contains a decent-sized collection of research papers written about the Eurodollar and a links page with financial Websites from around the world. [EM]
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General Interest

iFigure is a collection of online calculators and worksheets gathered from all across the World Wide Web. These interactive tools help "in planning, solving and making decisions for a multitude of problems and tasks that come up daily, such as buying a home, checking on your health, investing money, figuring business profits, making statistical comparisons, or calculating pump pressure." Business tools include worksheets for finding accountants, helping entrepreneurs and small business owners manage their finances, and calculating the cost savings of discounts. iFinance also features resources for personal finance and a host of other personal and business-oriented issues such as nutrition, travel, and staffing. In addition, a short article on-site extols the virtues of online calculators and worksheets, and will help users figure out if these applications are right for them. [EM]
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Tax History Museum [RealAudio]
The 2000 tax deadline has passed, and users with taxes on their minds may be interested in the Tax History Museum. Created and maintained by Tax Analysts, this online museum covers American tax history from 1660 to the present. Divided into chronological periods, each exhibit contains a narrative history of American taxes, complete with images of documents, portraits of some of the key figures, and illustrations. Still under construction, the 20th-century exhibit will also contain sound clips of some of the most famous tax-related speeches of the last 100 years. [EM]
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ErgoLib: Safer Library Computing
Although this site on proper posture and usage of computer terminals is geared towards library workers and users, this excellent guide to ergonomics should help all users with both long-term and short-term use of computers. ErgoLib also contains a vast array of ergonomic suggestions and resources including commercial and academic Websites, discussion groups, online articles, and an extensive bibliography of print materials on this subject. This is an invaluable resource for anyone who spends much of the day facing a monitor. [EM]
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Annual Report Gallery
With over 2000 annual reports, Cornerstone IR's Annual Report Gallery covers annual reports from almost all of the Fortune 500 companies, among others. The reports are in alphabetical order by company name, and each entry includes the annual report, a company overview, and stock information. Along with this collection of annual reports, Annual Report Gallery's Financial Links page is worth a gander, showcasing a fine assortment of links to international stock exchanges, market information, and online magazines and newspapers. [EM]
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"Pro-poor tourism: putting poverty at the heart of the tourism agenda" -- Overseas Development Organization
This short yet interesting report, written by Caroline Ashley, Charlotte Boyd, and Harold Goodwin for the Overseas Development Organization (ODI), considers "how tourism affects the livelihoods of the poor and how positive impacts can be enhanced." Divided into brief sections, each consisting of about a paragraph, the paper begins with six policy conclusions which outline the main points of the paper. Throughout the paper, small snapshots of tourism in developing countries are posted, including the "Significance of tourism in poor countries," "How does participation by the poor differ by market segment?" and "Tourism affects livelihoods by changing access to assets." Pro-poor tourism offers an innovative approach to economic development in developing countries. [EM]
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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 The Scout Report for Business & Economics Current Awareness Metapage:

Working Papers

Federal Reserve Board of Governors International Finance Discussion Papers
The Effect of Markups on the Exchange Rate Exposure of Stock Returns
Monetary Disturbances Matter for Business Fluctuations in the G-7
Human Capital, Unemployment, and Relative Wages in a Global Economy
Evaluating Correlation Breakdowns during Periods of Market Volatility
'Here, Dollars, Dollars...' - Estimating Currency Demand and Worldwide Currency Substitution

Federal Reserve System:
FRB Cleveland Economic Research Working Papers
Anatomy of a Fair-Lending Exam: The Uses and Limitations of Statistics
How Much Should Americans Be Saving for Retirement?

Other Institutions:
Organisation for Economic Co-operation and Development Working Papers
Predicting the evolution and effects of the Asia crisis from the OECD perspective$FILE/00075535.PDF
Modelling manufacturing export volumes equations - A system estimation approach$FILE/00075492.PDF

Bank of International Settlements Basel Committee on Banking Supervision Working Papers
Basel Committee review of international accounting standards
Sound Practices for Managing Liquidity in Banking Organisations

International Monetary Fund Working Papers
Alternative Methods of Estimating Potential Output and the Output Gap - An Application to Sweden
Relative Prices, Inflation and Core Inflation
Deposit Insurance and Crisis Management
Monetary and Fiscal Coordination in Small Open Economies
Trade and Financial Contagion in Currency Crises
Comparative Macroeconomic Dynamics in the Arab World - A Panel VAR Approach
Unionization and Strategic Trade Policy

Stockholm School of Economics Working Papers Series in Economics and Finance
Time-Varying Smooth Transition Autoregressive Models
Price-Wars in Finite Sequential Move Price Competition: The Role of Discounting
A Microeconometric Evaluation of Rehabilitation of Long-term Sickness in Sweden
FDI in the Restructuring of the Japanese Economy
Factor Taxation with Heterogeneous Agents
Where Schumpeter was nearly Right - the Swedish Model and Capitalism, Socialism and Democracy
Outward FDI and Home Country Exports: Japan, the United States, and Sweden
A computer model to analyse the cost-effectiveness of hormone replacement therapy - a revised version
Corporate Leverage and Currency Crises
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Federal Reserve Board of Governors
Federal Reserve Bulletin
April 2000
This issue of the Federal Reserve Bulletin considers the role of the Federal Reserve Banks as fiscal agents and depositories. [EM]

Federal Reserve System:
FRB Atlanta Econ South
First Quarter, 2000
The cover story for this edition of Econ South, "Immigration: Bane or Benefit for the Southeast Economy?" argues that immigration is actually good for the economy of the Southeast. [EM]

FRB Chicago FedLetter
April 2000
FedLetter showcases the article "Should we be Concerned About the Current Account" in its April 2000 issue. [EM]

FRB Cleveland Economic Trends [.pdf]
April 2000
The April 2000 issue of Economic Trends from the Federal Reserve Bank of Cleveland contains summaries of the yield curve, interest rates, and productivity growth. [EM]

FRB New York Current Issues in Economics and Finance
April 2000
"The Unreliability of Inflation Indicators" is the main story featured in the current issue of this publication from FRB New York. [EM]

FRB St. Louis National Economic Trends [.pdf]
April 2000
The April 2000 issue of National Economic Trends considers oil prices in the US as well as interest rates, output and growth, and labor markets. [EM]

United States International Trade Commission
Industry, Trade, and Technology Review [.pdf]
March 2000
Industry, Trade, and Technology Review contains the articles "Machine Vision: Vital technology for manufacturing industries" and "Agriculture in the WTO: The Seattle Ministerial and beyond" in its March 2000 issue. [EM]

Bank for International Settlements (BIS)
BIS Review [.pdf]
Recently released articles and speeches from the BIS Review include the speech by William J. McDonough, President of FRB New York, about the challenges for bankers and bank supervisors; the opening statement of the Standing Senate Committee on Banking, Trade, and Commerce, given by Gorden Thiessen, Governor of the Bank of Canada, about economic and financial developments in Canada; and a speech about financial supervision and civil society, by Arnold Schilder, Executive Director of the Nederlandsche Bank. [EM]
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Books and Journals

BakerBooks -- Harvard Business School
The latest issues of New Books at Baker Library and New Books from HBS Press are now available from Harvard University's BakerBooks site. These updates are posted by the fifteenth of each month and cover new additions for the preceding month. [EM]

The abstracts, tables of contents, and in some cases full-text, for over 60 journals are now available online, including the following: Journal of Socio-Economics (Vol 28, No 6), Regional Science and Urban Economics (Vol 30, No 3), International Review of Law and Economics (Vol 19, No 4), Journal of Economic Dynamics and Control (Vol 24, No 5-7), Accounting, Organizations and Society (Vol 25, No 4-5), China Economic Review (Vol 10, No 2), _Carnegie-Rochester Conference Series on Public Policy (Vol 51, no 1). [EM]
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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. [EM]

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 International Health Economics Association Third International Conference, July 22-25, 2001, University of York, United Kingdom; Southern Finance Association Meeting, November 15-18, 2000, Savannah, Georgia; and Latin American and Caribbean Economic Association Annual Meeting, October 12-14, 2000, Rio de Janeiro, Brazil. [EM]

Euroconference series on Quantitative Economics and Economentrics
December 14-15, 2000
Dublin, Ireland

Empirical Investigations in International Trade
November 3-5, 2000
Boulder, Colorado
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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

Data and Program Library Service (UW-Madison): The Survey of Economic Expectations -- Waves 1-8 [Paper: .pdf, WordPerfect; Data: UNIX tar.z or DOS self-extracting .exe files]
The Data and Program Library Service at the University of Wisconsin (see the March 14, 1997 Scout Report) has posted data from the University Survey Center's Survey of Economic Expectations (SEE). The survey, involving 5,423 interviews conducted in eight waves, "examines how Americans in the labor force perceive their near-term economic future." The data, online codebook, and a research paper accompanying this data ("Worker Perceptions of Job Insecurity in the Mid-1990s: Evidence from the Survey of Economic Expectations") are all available at the above URL. For Data downloads, free registration is required. [DC]
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Statistics Sweden
The English version of Statistics Sweden includes the latest data on Swedish population, employment, labor cost index, and retail trade index. Historical data are included as well. [EM]
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Geographic Profile of Employment and Unemployment, 1998 -- Bureau of Labor Statistics (BLS) [.pdf]
Compiled from data collected by the Current Population Survey and the Local Area Unemployment Statistics, this report contains extensive employment and unemployment statistical tables at the regional, state, and city levels. [EM]
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United States Department of Agriculture (USDA)
2000 Agency Reports/ Schedule
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 this calendar site. Notable data for April 2000 include catfish processing and livestock slaughter. [EM]
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In The News

Battle of the Bands: Metallica Sues Napster, Universities
1) "Metallica Sue Napster for Copyright Infringement" -- Rolling Stone
2) "Metallica Rips Napster" -- Wired News,1283,35670,00.html
3) "Dr. Dre Gives Napster Until Friday to Delist Songs" -- Lycos News
4) Students Against University Censorship (SAUC)
5) "Metallica Files Suit Against Napster, University of Southern California, Yale University, Indiana University"
Two from the Bloomington Independent
6) "Steal this music: Debating the future of Napster and digital delivery"
7) "Jive talkin': Napster forum long on wind, short on substance"
8) "Napster the music distribution system of the future" -- Christian Science Monitor
9) "Napster - Friend or Foe?" -- Salon
10) "Napster 101" -- Time Daily,2960,43124,00.html
It was only a matter of time before musicians filed lawsuits against Napster for listing downloadable audio files of their records on Napster's cooperative database. Metal band Metallica was the first to announce a lawsuit on April 13, 2000, alleging the company "violated the law by committing continuing copyright infringements, unlawful use of digital audio interface device, and violations of the Racketeering Influenced & Corrupt Organizations Act (RICO)." Yale University, University of Southern California, and Indiana University were also named as defendants in the case, because they have allowed students to use campus resources to access Napster. MP3s have been controversial since the digital audio files first debuted, stretching the limits of copyright law. While Napster does not store any of the files at its site, it allows users to search Napster's database of MP3s which are kept on users's computers. (For more information on this controversy, see the January 27, 2000 Scout Report for Business and Economics).

This short article from Rolling Stone(1) covers basic reasons why Metallica has been able to sue. Wired News(2) reports on the Napster controversy from the perspective of the musicians. According to Lycos News (3), Dr. Dre has given Napster less than a week to delist his music from their directory. Erected by students at Indiana University, SAUC (4) offers full coverage of universities's responses to the Napster lawsuits. Read the press release issued by Metallica (5) on the Metallica official Website. The Bloomington Independent's two-part series on Napster (6) and (7) considers the future of Napster and free MP3s, from the standpoints of both musicians and music lovers. From the Cybercoverage section of the Christian Science Monitor(8), this column explores the guilty pleasures of using Napster. Salon technology columnist Scott Rosenberg (9) offers readers's views of the Napster debate and explores different possible ways in which lawsuits filed against Napster could affect the future of MP3s and digital delivery of music. Time Daily(10) has posted a beginner's guide to Napster. [EM]
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