Prospectus, February 8, 1977

MIX-UPS\u27 THE CAUSE: ELECTION VOID, NEW DATES FEB. 16, 17; Last day for absentee balloting is Feb. 10; Drop thermostat to 63 degrees: Night cycle to save gas; Most qualified Health Career students selected by Admissions; Fraternity discusses goals for semester; Stranded for seven hours: Denny aids children; Daytona Beach vacation offered; Extra! Global News; \u27Pins\u27 have 90-day trial period; \u27Official blizzard\u27 is verdict on weather; Calculator aids blind; The Midwest Racer: PC students publish racing newspaper; Three very interested: Counselors want students to use services; While geese hold still: Winter coats get down; Marshall Tucker makes crowd go; State honors Parkland instructor; editorial: Vote YES Feb. 15 for quality education; opinion: Back to school at 30, Lex says continuing education gets his referendum YES vote; Riggs-o-boards are student made; William Warfield: A voice as rich as the river itself; Mediaseen: Critics: TV the toy that never grew up; fifth column: Greek tragedy at Krannert.....; .....complicated plot shows Greek rabbits; Classifieds; 2-2 conference mark: Cobras drop three-meet Danville tonight; \u27Top-notch competition\u27 in Kalamazoo meet; Women\u27s Basketball Statistics; Men\u27s Intramural Basketball Schedule; \u27A tough one!\u27 Undefeated women\u27s team face Danville; Too big to play guard, Bumbry plays forward; Cobra cagers draw Olney February 21https://spark.parkland.edu/prospectus_1977/1028/thumbnail.jp

Dynamic input demand functions and resource adjustment for US agriculture: state evidence

The paper presents an econometric model of dynamic agricultural input demand functions that include research based technical change and autoregressive disturbances and fits the model to annual data for a set of state aggregates pooled over 1950–1982. The methodological approach is one of developing a theoretical foundation for a dynamic input demand system and accepting state aggreage behavior as approximated by nonlinear adjustment costs and long-term profit maximization. Although other studies have largely ignored autocorrelation in dynamic input demand systems, the results show shorter adjustment lags with autocorrelation than without. Dynamic input demand own-price elasticities for the six input groups are inelastic, and the demand functions possess significant cross-price and research effects

Managing financial constraints: Undercapitalization and underwriting capacity in spanish fire insurance

Reinsurance is a vital financial device for enhancing underwriting capacity, ceding risks and mitigating financial distress. By supplying financial resources and services, reinsurance can facilitate growth and expansion in the insurance business. Focusing on the insurance sector in the emerging Spanish economy and using a novel dataset on fire insurance companies, this paper examines the role of fire insurance in the capital formation, the importance of reinsurance as a vehicle for expanding the country’s domestic underwriting capacity, and how the capital import impacted on the balance of payment, from the introduction of the first comprehensive legislation regarding insurance in 1908 to the outbreak of the Civil War in 1936. Considering the situation of undercapitalization, the singularities of the insurance market, and the changes in regulatory schemes, we find that foreign reinsurance became a key financial vehicle for increasing the underwriting capacity in Spain. We also show the struggle for an emerging market to find ways to keep balance of current accounts and raise capital when the financial infrastructure is underdeveloped. The diffusion of reinsurance networks from the core of industrial Western countries towards emerging economies was one of the mechanisms for financial modernization on a global scale