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For the week of November 28, 2016
COMMENTARY – by Michael J. Hicks, PhD
The US created the first free trade zone.
The early American colonies were viewed by the English Crown as convenient for two purposes—advantageous trade and the disposal of uncompliant riff-raff. The trade model followed by Great Britain later became known as mercantilism. These mercantilists believed that economic growth was caused by preferential exchange. The colonies delivered raw materials, English merchants refined them, provided the means of transport and banking. The idea was that while the colonies remained poor, the English would prosper from this arrangement.
Read the full text: The Origins of American Free Trade
Last week's commentary: What Will a Trump Presidency Bring to Our Economy?
The annual Indiana Economic Outlook event will be Monday, December 5th, 2016. This year's event will include a breakfast, the 2017 economic forecast, and a keynote presentation by US Senator Donnelly.
Register now through Nov. 28th: https://ballstateoutlook.eventbrite.com Registration and payment are required in advance. No tickets will be sold at the door.
Event format and parking details: http://www.bsu.edu/cber/outlook
View our latest work and related topics by visiting our projects and publications library.
Projects and Publications Library: http://projects.cberdata.org
DID YOU KNOW? – by Dagney Faulk, PhD
CBER recently released two reports on Indiana's 21st Century Research and Technology Fund.
The second report (phase II) provides a statistical analysis of fund performance and offers policy recommendations. The study evaluates the hypothesis that firms receiving state research and development financing perform differently from firms that do not. The analysis shows that firms receiving state funding experienced higher sales, employment and productivity (measured as sales per worker) growth than firms not receiving funding.
ECONOMIC INDICATORS – View all economic indicators (CBER Data Center).
November 29, 2016
November 30, 2016
December 2, 2016
|Center for Business and Economic Research
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