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351. Privateering and National Defense: Naval Warfare for Private Profit

Author:
Larry J. Sechrest
Publication Date:
09-2001
Content Type:
Working Paper
Institution:
Independent Institute
Abstract:
Hans-Hermann Hoppe has argued that “the idea of collective security is a myth that provides no justification for the modern state” and “all security is and must be private” (1999, 27). Furthermore, Hoppe makes it abundantly clear that when referring to security he means protection against not only the small-scale depredations of the common criminal but also the massive aggressions perpetrated by nation-states. The claim that all legitimate defense functions can and must be privately supplied flies in the face of certain economic doctrines that are almost universally accepted. Almost all economists declare that there are some goods or services which will be provided in suboptimal quantities--or not provided at all--by private, profit-seeking firms. These “public goods” allegedly bring benefits to all in the society, whether or not any given individual bears his or her fair share of their cost. This “free riding” by some persons diminishes the profit incentive motivating private suppliers. Therefore, to make sure that such highly-valued goods are provided, the government serves as the principal, or often the only, supplier and taxes all the citizens in order to finance the production and distribution of the good.
Topic:
Government, Industrial Policy, and National Security

352. Constitutional Causes for Technological Leadership: Why Europe?

Author:
Jurgen G. Backhaus
Publication Date:
08-2001
Content Type:
Working Paper
Institution:
Independent Institute
Abstract:
In a paper circulated towards the end of 1997 under the title Why Europe?, Gordon Tullock poses a simple question and provides a tentative, yet provocative answer. The question is why the technological take off took place in Europe and in the 19th century when well into the 18th century other areas of the world, and notably China, looked much better poised for technological and scholarly leadership than Europe. His tentative answer turns on the constitutional composition of the landscape of political entities in Europe. This essay tries to provide some further underpinnings to aspects of Gordon Tullock's preliminary answer.
Topic:
Industrial Policy and Science and Technology
Political Geography:
China and Europe

353. Department of the Navy: Two-Level Performance Management Program

Publication Date:
09-2001
Content Type:
Working Paper
Institution:
The National Academy of Public Administration
Abstract:
To gauge the effectiveness of its Two - Level Program, the Office of the Deputy Assistant Secretary of the Navy (Civilian Personnel/Equal Employment Opportunity) of the Department of the Navy (DON) engaged the services of the National Academy of Public Administration's (NAPA) Center for Human Resources Management (CHRM). The NAPA review focused on the extent to which implementation of the DON Two - Level Program fosters adherence to critical program elements including system requirements, awards and recognition, career development and advancement, a more productive environment, and improved communication and feedback. Data were analyzed to determine compliance with program requirements, identify successful approaches, document significant program outcomes, and examine best practices.
Topic:
Civil Society, Government, Industrial Policy, and International Organization

354. Free Trade and Worker Displacement: The Trade Adjustment Assistance Act and the Case of NAFTA

Author:
Jerry Haar and Antonio Garrastazu
Publication Date:
02-2001
Content Type:
Working Paper
Institution:
The North-South Center, University of Miami
Abstract:
Trade liberalization, a fundamental feature of U.S. economic policy since the end of the Second World War, has increasingly become a contentious domestic political issue during the last decade. Proponents and opponents of free trade transcend political party affiliation, industry, occupation, geographical locale, income level, age, and other socioeconomic and demographic factors. In addition, the U.S. public and its leaders for the most part hold qualified, mixed, or inconsistent opinions about trade liberalization and the larger and rapidly increasing phenomenon known as globalization. In a February 9-14, 2000, nationwide poll conducted by Princeton Survey Research Associates, a majority of respondents (64 percent compared to 27 percent) stated that free trade with other countries is good for the United States. On the other hand, an NBC News/ W all Street Journal poll several months later asked interviewees to respond to the following statement: “Foreign trade has been bad for the U.S. economy because cheap imports from abroad have hurt wages and cost jobs here at home.” Forty-eight percent of the respondents answered that it has been “bad” and 34 percent “good.”
Topic:
Industrial Policy and International Trade and Finance
Political Geography:
United States and Latin America

355. Meet Me Halfway but don't Rush—Absorptive capacity and strategic R investment revisited

Author:
Leo A. Grünfeld
Publication Date:
12-2001
Content Type:
Working Paper
Institution:
Norwegian Institute of International Affairs
Abstract:
In this paper, we analyse how R investment decisions are affected by R spillovers between firms, taking into consideration that more R investment improves the ability to learn from competing firms - the so-called absorptive capacity effect of R The model in this paper is an extension of d'Aspremont and Jacquemin (1988), where they show that exogenous R spillovers reduce the incentive to invest in R when firms compete in a Cournot duopoly. Our model treats R spillovers as endogenous, being a function of absorptive capacity effects. Contrary to earlier studies, we show that absorptive capacity effects do not necessarily drive up the incentive to invest in R This only happens when the market size is small or the absorptive capacity effect is weak. Otherwise firms will actually chose to cut down on R Furthermore, absorptive capacity effects also increase the critical rate of spillovers that determines whether participating in research joint ventures leads to lower or higher R investment. Finally, we show that strong learning effects of own R are not necessarily goodfor welfare. Moreover, if the market size is large, welfare will be at its highest when the learning effect is small.
Topic:
Economics, Industrial Policy, and International Trade and Finance
Political Geography:
Europe

356. International — WTO Outlook

Publication Date:
11-2001
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
This piece examines the prospects for the WTO Fourth Ministerial Conference in Doha beginning November 9. The central issue for the Qatar meeting is whether WTO members can agree to launch new negotiations, and in so doing restore confidence in the WTO itself. In the background are the September 11 terrorist attacks and the worsening global economic outlook, all of which simultaneously raise the stakes at the meeting and improve prospects for success. The outlook for the Qatar summit has improved, and agreement by WTO members in favour of wide-ranging trade negotiations is now on balance the most likely outcome. However, failure remains a real possibility, unless members can resolve remaining differences on agriculture, implementation of WTO agreements, environmental goals, US anti-dumping practices and pharmaceutical patents.
Topic:
Environment, Industrial Policy, International Organization, International Political Economy, and International Trade and Finance
Political Geography:
Qatar

357. International — OPEC Quandary

Publication Date:
11-2001
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
OPEC President Chakib Kelil yesterday expressed confidence that the cartel can bring prices back to 25 dollars per barrel through production cuts implemented from January 1. Kelil's remarks follow a recent meeting of OPEC and non-OPEC oil producers to secure non-OPEC support for a production cut at OPEC's November 14 meeting. The moves take place against a backdrop of falling oil prices and an outlook for even lower prices as global economic growth deteriorates and oil producers fail to implement earlier output cut decisions. Significant uncertainties cloud the oil market and make micro-management extremely difficult. OPEC's apparent failure to secure non-OPEC cooperation for production cuts undermines market credibility for OPEC cuts at its November meeting. Unless the cartel can develop a plausible response, there is a real possibility that it will face an oil price collapse reminiscent of 1997-99.
Topic:
Environment, Industrial Policy, International Organization, International Political Economy, and International Trade and Finance

358. Distributing Intelligence and Organizing Diversity in New Media Projects

Author:
Monique Girard and David Starkj
Publication Date:
09-2001
Content Type:
Working Paper
Institution:
Institute for Social and Economic Research and Policy at Columbia University
Abstract:
This paper examines how web design firms in the emergent new media industry probe and experiment with possible forms and sources of value giving shape to the new economy. Focusing on the collaborative engineering of cross-disciplinary web-design project teams, we examine how websites emerge as provisional settlements among the heterogeneous disciplines as they negotiate working compromises across competing performance criteria.
Topic:
Economics, Industrial Policy, Intelligence, and Science and Technology

359. Alternative Models of Dynamics in Binary Time-Series-Cross-Section Models: The Example of State Failure

Author:
Nathaniel Beck, David Epstein, Simon Jackman, and Sharyn O'Halloran
Publication Date:
08-2001
Content Type:
Working Paper
Institution:
Institute for Social and Economic Research and Policy at Columbia University
Abstract:
This paper investigates a variety of dynamic probit models for time-series–cross-section data in the context of explaining state failure. It shows that ordinary probit, which ignores dynamics, is misleading. Alternatives that seem to produce sensible results are the transition model and a model which includes a lagged latent dependent variable. It is argued that the use of a lagged latent variable is often superior to the use of a lagged realized dependent variable. It is also shown that the latter is a special case of the transition model. The relationship between the transition model and event history methods is also considered: the transition model estimates an event history model for both values of the dependent variable, yielding estimates that are identical to those produced by the two event history models. Furthermore, one can incorporate the insights gleaned from the event history models into the transition analysis, so that researchers do not have to assume duration independence. The conclusion notes that investigations of the various models have been limited to data sets which contain long sequences of zeros; models may perform differently in data sets with shorter bursts of zeros and ones.
Topic:
Economics and Industrial Policy
Political Geography:
Europe and France

360. Agricultural Biotechnology's Complementary Intellectual Assets

Author:
Gregory D. Graff, Gordon C. Rausser, and Arthur A. Small
Publication Date:
08-2001
Content Type:
Working Paper
Institution:
Institute for Social and Economic Research and Policy at Columbia University
Abstract:
We formulate and test a hypothesis for the dramatic restructuring that the plant breeding and seed industry has recently undergone: the reorganization can be explained in part by the desire to exploit complementarities between intellectual assets needed to create genetically modified organisms. This hypothesis is tested using data on agricultural biotechnology patents, notices for field tests of genetically modified organisms, and firm characteristics. The presence of complementarities is identified with a positive covariance in the unexplained variation of asset holdings. Results indicate that coordination of complementary assets have increased under the consolidation of the industry.
Topic:
Agriculture, Industrial Policy, and Science and Technology