The Economic Interpretation of History

1899 ◽  
Author(s):  
E. A. Bryan
1985 ◽  
Vol 42 (1) ◽  
pp. 1-28 ◽  
Author(s):  
Robert W. Randall

Economic considerations all but dominate recent historical writing in this country about the railroads of Mexico. Technical matters of construction and operation, as well as the role of the state in both, are touched upon, but economic interpretation, whether of the development of a railway system or of its impact on the nation, is the watchword if not catchword of most writing. Probably the leading example of the dominant approach is Growth against Development: The Economic Impact of Railroads in Porfirian Mexico (Northern Illinois University Press, 1981), by John H. Coatsworth, in which the author concludes that, while “the short run contribution of railroads to economic growth was large,” their longrun impact helped “to create the underdeveloped country Mexico has become.” Applying economic theory and measuring, Coatsworth in essence proves with numbers a case argued more elegantly in straight prose early in this century: that the application of a modern transportation network to a staple producing economy will do little more than extend and intensify the production system so as to increase the staple output.


2018 ◽  
Vol 21 (07) ◽  
pp. 1850047
Author(s):  
R. REBONATO

We look at the economic significance and at the robustness of the new-generation, tent-shaped return-predicting factors in US Treasuries. We find that, in itself, the precise tent shape is neither robust nor important for predictability. However, we explain why the high number of regressors needed to build a tent factor are required for high predictability, and we provide an economic interpretation for the finding.


1991 ◽  
Vol 13 (2) ◽  
pp. 143-152 ◽  
Author(s):  
Poul Erik Grohnheit

Author(s):  
Н. О. Окселенко

Робота розкриває питання вдосконалення процесу управління оборотними активами сільськогосподарських підприємств із використанням моделей лонгітюдних даних. Розроблено систему економетричних ANCOVA-моделей для сільськогосподарських підприємств. Подано економічне тлумачення всіх характеристик зв’язку та показано можливості використання моделей на практи-ці. Значну питому вагу оборотних активів сільськогоспо-дарських підприємств становлять запаси, дебіторська заборгованість, поточні біологічні активи. Доведено, що проблема ефективного управління оборотними актива-ми є водночас і проблемою управління прибутком. The work is devoted to the improvement of the current assets of management of the agricultural enterprises using the longitudinal data models. The system of econometric ANCOVA-models for agricultural enterprises is developed. The economic interpretation of all characteristics of the connection is given and the possibilities of the models use in practice are showed. Significant proportion of current assets of agricultural enterprises constitute reserves, accounts receivable, current biological assets. It was proved that the problem of the effective current assets management is at the same time a problem of profit management.


2020 ◽  
Vol 30 (2) ◽  
pp. 3-10
Author(s):  
T. Subedi ◽  
M. Ghimire

In recent years, import of timber and other wood products from different parts of the world have been increasing in Nepal. The Government of Nepal aims to be a self-sustain in timber production. In this context, the objective of this study was to estimate efficiency of harvesting practices in Nepal in relation to stump-height. We collected the data on the stump-heights and other biometric characteristics of the trees from different felling sites of Kailali, Kanchanpur, Jhapa and Morang districts of Nepal. The volumes of the individual trees as well as the proportions of the volumes of their stumps with different heights were calculated. Correlation and ANOVA were used to find the significance of the associated factors. The average stump-heights using the conventional felling method and the chain saw method were found to be 0.74±0.17m and 0.46±0.21m, respectively with wider range. The correlation between the stump-height and diameter at breast height (dbh) was found significant. Similarly, the harvesting method, skill and experience of the tree-fellers and tree species were also found to be significant with the stump-heights. On an average, 5% of the total timber production equivalent to one million cubic feet (cft) is lost in the Fiscal Year 2074/075 in Nepal while adopting the conventional method of harvesting because of the higher stump-height than the one prescribed by the Government. The estimated loss was NRs. 2 billion (roughly equivalent to US $ 20 million, @NRS 100 = 1 USD) to the national economy, and the Government had to bear loss of about NRs. 500 million (roughly equivalent to 5 million USD) from the royalty of timber. This amount of loss could be reduced to half by using power chain saw. Lack of skilled laborers, poor implementation of law, and weak knowledge of officials were major causes for losses in harvesting practices. Moreover, about 2% wood volume loss can be avoided, without any further investment, by setting minimum standard stump-height at 15 cm and providing training to the field staff and tree harvesters.


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