The Economic History of Hawai‘i: A Short Introduction

This paper provides a short introduction to the economic history of Hawai'i since 1778. References are provided for readers with interests in particular topics.

Land Tenure: An Introduction

Land tenure refers to the bundle of rights and responsibilities under which land is held, used, transferred, and succeeded. This essay surveys land tenure arrangements throughout the world since the Roman Empire. Particular attention is paid to how six forms of land tenure emerge, function, and change. The six forms of land tenure analyzed are (1) owner cultivation of small, private lands; (2) squatting on public or private lands; (3) large estates or latifundia; (4) feudal tenures with bound and unbound labor; (5) communal tenures; and (6) smallholder leasing from private landowners.

The Designated Hitter Rule and Team Defensive Strategy in Japan’s Professional Baseball Leagues

Economists have debated whether and why the designated hitter (DH) rule in North American major league baseball led to an increase in hit-batsmen. We use data from Japan's professional baseball leagues, the Pacific League (DH rule) and the Central League (no DH rule), to re-examine this question. Initial empirical findings reveal increases in hit-batsmen in the Pacific League after we control for the DH’s effect on team batting performance. After controlling for interactions between pitcher quality and the DH rule, we find that the DH rule induced changes in team defensive strategies and, consequently, an increase in hit-batsmen. Subsequent rule changes reduced the effectiveness of these strategies.

Tipping the balance: theoretical interrogation of divergent extended heterolytic fragmentations.

Herein we interrogate a type of heterolytic fragmentation reaction called a 'divergent fragmentation' using density functional theory (DFT), natural bond orbital (NBO) analysis, ab initio molecular dynamics (AIMD), and external electric field (EEF) calculations. We demonstrate that substituents, electrostatic environment and non-statistical dynamic effects all influence product selectivity in reactions that involve divergent fragmentation pathways. Direct dynamics simulations reveal an unexpected post-transition state bifurcation (PTSB), and EEF calculations suggest that some transition states for divergent pathways can, in principle, be selectively stabilized if an electric field of the correct magnitude is oriented appropriately

The Designated Hitter Rule and Team Defensive Strategy in Japan's Professional Baseball Leagues

Economists have debated whether and why the designated hitter (DH) rule in North American major league baseball led to an increase in hit-batsmen. We use data from Japan's professional baseball leagues, the Pacific League (DH rule) and the Central League (no DH rule), to re-examine this question. Our empirical findings reveal increases in hit-batsmen in the Pacific League after we control for the DH's effect on team batting performance. We argue that the DH rule induced changes in managerial defensive strategies that led to more hit-batsmen. Subsequent rule changes reduced the effectiveness of these strategies.

Intellectual Property Rights in China: The Changing Politcal Economy of Chinese-American Interests

We review the evolution of modern Chinese intellectual property right (IPR) laws and enforcement and explore economic and political forces involved in international conflicts over Chinese IPR protection. Our analysis considers why the U.S. and China moved from conflict to cooperation over intellectual property rights. Structural and institutional aspects of the political economy of IPRs within each country are considered, and data on Chinese-U.S. trade in intellectual property-intensive goods are examined. We conclude that although enforcement of IPRs within China continues to be relatively weak, Chinese IPR institutions are converging on those in the OECD nations.

Have Developing Countries Gained From the Marriage Between Trade Agreements and Intellectual Property Rights?

Have developing countries gained from the incorporation of IPR standards into the WTO framework? We use historical, theoretical, and empirical methods to answer this question and reach several conclusions. First, U.S. history provides a clear case of a developing country which used strong patent rights and weak copyrights in the 19th century to enhance its growth prospects. Second, recent theoretical literature presents a strong case for welfare gains to developing countries from patent harmonization if developed countries pay lump-sums to offset higher royalty payments by developing countries. Third, the creation of intellectual property in new types of inventions is necessary, but the scope, depth, and enforcement of IPRs is likely to differ across countries according to their economic and political institutions, their per capita income, and their capability to engage in and disseminate the fruits of R&D.

The China's Rise as an International Trading Power

This paper undertakes a detailed review of the policies that have shaped China's explosion of a global supply of exports, and examines long trend statistics on the evolution of China's trading partners and the goods it trades in the post-reform period. This review notes common characteristics in China's trade experience with those of earlier successful export-based economies of East Asia, such as South Korea and Japan. The survey finds that China's pattern of trade and trading partners are similar to those of more market-based Asian economies, but that the Chinese economy's orientation toward foreign trade is considerably greater than expected for an economy of its size and level of development. The authors argue that China still has a long way to go in terms of its export boom, especially if compared to the experiences of South Korea, Japan, and Taiwan. This suggests that China is on track to become one of the world's most formidable trading powers and its export policies and export performance will exert increasing influence on how the global trade regime evolves in the future.

The Political Economy of Urban Land Reform in Hawaii

In the mid 1960s there were about 22,000 single-family leasehold homes in Honolulu. Dissatisfaction with leasehold led to reform legislation in 1967, allowing lessees to buy leased land. By 1991 less than 5000 lessees remained. This paper examines why landowners elected to lease rather than sell land and attributes the rise of leasehold to legal constraints on land sales by large estates, duties of estate trustees and the federal tax code. Idelogical forces initiated land reform in 1967, but rent-seeking forces captured the process in the mid 1970s. It is concluded that Hawaii's experiment with leasehold was a failure due to the difficulties associated with specifying and enforcing long-term contracts in residential land.