Business Economics

Professional journal of the National Association of Business Economists covering topics such as macro and microeconomics, monetary and fiscal policy, business forecasting, international economics, and deregulation.

Articles from Vol. 39, No. 4, October

BEA Improves Consistency and Timeliness of Industry Accounts
Measures of industry value added from the benchmark and annual input-output (I-O) accounts and from the gross-domestic-product (GDP)-by-industry accounts have been prepared by the Bureau of Economic Analysis (BEA) for many years. Until recently, however,...
Corporate Tax Harmonization for the Single Market: What the European Union Is Thinking; Bottom-Line Issues for American Business
When corporations operate in several jurisdictions that impose income taxes, it is necessary to divide taxable income among them. The Commission of the European Communities proposes that the European Union shift from individual national accounting...
Forecasting Unemployment: A Small Business-Survey Model; Small Business Plans and Expectations Provide Accurate and Timely Forecasts of National Employment
The National Federation of Independent Business (NFIB) has surveyed its membership (numbering over 600,000 member firms) since 1973 about economic decisions and expectations. In this paper, responses to questions about plans to create new jobs and...
From the Editor
This issue, as is most often the case, covers a wide range of the different aspects of the complex world faced by those who use economics in business. In particular, it starts with the winning papers of this year's contributed paper contest. While...
Pocketbook Predictions of Presidential Elections: Pocketbook Variables Are Almost Always Good Indicators of Electoral Outcomes
Political scientists have long known that "pocketbook issues" strongly affect the fortunes of presidents and other political leaders. Economists studying this relationship have established that certain economic factors--such as growth in income, inflation,...
The California Department of Finance
Deep in the bowels of the California Department of Finance, a small group of economists toils at producing the economic forecast on which the governor's budget is based. It's not glamorous work, and too often it seems thankless; but it certainly is...
The Future Small Business Workforce: Will Labor Shortages Exist? the Available Evidence Is Less Than Perfect
Several economic and demographic trends make it unlikely that small business owners will face future labor shortages. This is due to three factors: postponing the retirement of current workers, the continued influx of immigrants, and an increase in...
The Labor Market in Post-Reform China: History, Evidence, and Implications; China's Labor Cost Advantages Are Shifting but Will Remain Formidable
Concern over China's growing economic power has focused attention on its prevailing wage, which--in spite of recent strong growth--remains a fraction of that of the industrialized countries. This paper analyzes the recent history and current structure...