The global economy, the labor force and franchising’s future
Have short-term contingency plans, but be prepared for profitable growth opportunities…
Medical tourism – health care in the global economy
The citizens of many countries have long traveled to the United States and to the developed countries of Europe to seek the expertise and advanced technology available in leading medical centers. In the recent past, a trend known as medical … Continue reading
Fiscal policy and trade adjustment: are the deficits really twins?
Since the mid 1980s, an extensive emprical literature has examined the relationship between U.S. Fiscal deficits, exchange rates, and trade balances. We investigate two questions that continue to spark debate: do increased government deficits casue doller appreciation, and do fiscal … Continue reading
The 7-I Framework of Development: The Path to a Sustainable Economy
Dr.J’s 7-I Framework posits a prescription for development of nations. According to the framework, 7-I’s are must-haves for economic development: Investment Intellectual capital Incentives Incorrupt society Infrastructure Information Internationalization This paper, by 2 of Dr.J’s students, evaluates the framework, and … Continue reading
The dollar and the U.S. terms of trade
This paper conducts specification tests to explore the dynamic relationship between the dollar and the U.S. terms of trade (TOT), as well as its components, U.S. import and export prices. Here import prices are found to respond to the dollar’s … Continue reading
The Dynamic Relationship Between the Dollar and Components of U.S. Trade
The dynamic response of the nominal trade account to changes in the value of the U.S. dollar has been posited to follow a J-curve pattern. Recent experience calls this into question. The aggregate nominal trade balance is decomposed here into … Continue reading
The US Dollar and the delayed J-curve
The US Dollar and the delayed J-curve. The Federal Reserve Bank of Atlanta Working Paper Series
Elasticities of substitution in Caribbean tourism
This paper constructs a three-level CES model and estimates the effect of real exchange rates on competition for tourism earnings. Elasticities of substitution are estimated, first intra-Caribbean, then among regional aggregates. A worldwide and a U.S. market are both estimated. … Continue reading