Estimating the costs of non-fatal consumer product injuries in the United States

This paper describes a data-driven injury cost model (ICM) developed to estimate the costs associated with non-fatal consumer product injuries. The modeling effort combines information by diagnosis from the US Consumer Product Safety Commission’s National Electronic Injury Surveillance System (NEISS) and 17 other large data sets. The ICM contains four aggregated cost components: (1) medical costs, (2) work losses, (3) quality of life and pain and suffering costs, and (4) product liability insurance administration and litigation costs. The ICM estimates societal costs, which are broader than costs to any individual group, such as victims, insurers, or product manufacturers. Costs associated with consumer product injuries are estimated to be approximately $500 billion in 1996, accounting for nearly one-third of the total annual injury costs. We examine injury costs in several ways, including by major product category, by sex and age of victims, by body part injured, by injury diagnosis, and by highest level of medical treatment received. We also rank the 10 leading consumer products that account for injury costs overall and within different age groups. Products such as stairs and floors are among the top 10 for all age groups. Other products, however, are more closely tied to injuries at particular stages of life (e.g., infant/toddler, child, young adult, elderly). These cost estimates are useful in assessing which products and types of injuries impose the greatest costs on society and for identifying areas for focused injury prevention efforts.     

Corporate Community Contributions in the United Kingdom and the United States

We address the issue of UK firms relatively poor record of corporate community contributions (CCCs) by subjecting them to formal comparison with those of US firms. To this end, we employ data on the top 100 UK, and top 100 US, contributors in 2001. Cross-country differences are described and discussed with reference to a stakeholder perspective on corporate social responsibility, and CCCs in particular. In this connection, we evaluate the role played by the sectoral composition of activities, as well as national, cultural and institutional factors. Our findings highlight a number of significant cross-country differences in the pattern of CCCs and suggest that UK and US firms operate within significantly different stakeholder environments.JEL Classification: M14Stephen Brammer is a Lecturer in Business Economics at University of Bath, with research interests in the area of corporate social responsibility. Much of his recent research has examined the stimuli for corporate socially responsive behaviour, the management of business social responsibilities, and the relationships between firm social performance and other dimensions of corporate performance. Recent publications include articles in the Journal of Management Studies, the European Management Journal and Business Ethics: A European Review.Stephen Pavelin is a Lecturer in Economics at the University of Reading, with research interests in foreign direct investment and corporate social responsibility. His current research agenda seeks to address: the effect of corporate social performance on the reputations and financial performance of firms; the incidence and quality of social and environmental reporting; demographic diversity (regarding gender and ethnicity) among corporate boards; and the effect of firms geographical diversification on their social performance. Recent publications include articles in the International Journal of Industrial Organisation, the Open Economies Review, the European Management Journal and Business Ethics: A European Review.     

Retailing in Canada and the United States: Historical Comparisons

Although Canada and the United States are comparable in many ways, the retail environments of these two countries are not identical. This paper explores the evolution of the retail environments of both countries to identify the sources of these differences and provide prospects for the future. It appears that the differences in retail environment observed have their origins in population differentials and differing cultural philosophies of the countries. Although the retail environments of Canada and the United States have been converging for some rime, it is unrealistic to expect that the differences will disappear.     

Proprietorship and unemployment in the United States

Unemployment and proprietorship can be related in several ways. As unemployment increases, individuals with fewer job alternatives may choose to start their own business resulting in an increase in proprietorship. Alternatively, if an increase in unemployment is the result of a depressed economy, higher unemployment may lead to less demand for the products and services of proprietors, thus reducing proprietorship. Finally, greater proprietorship may lead to future increases in employment as these businesses grow. This can potentially reduce unemployment in the long run. We apply a panel vector autoregressive model to unemployment and proprietorship data from the U.S. states for the years 1976 to 2009 to examine if these effects are apparent in the data. We find that unemployment Granger causes proprietorship, but proprietorship does not Granger cause unemployment.     

Economics in Europe and the United States

Abstract

Business disciplines, including international business, are influenced by economics. This paper examines the facilitating role played by the English language in the dissemination of works in economics and attempts to show that authors who use English gain significant advantage over others. A look into the backgrounds of Nobel Prize winning economists and the predominance of American and British journals lend support to this view. Also, the overwhelming influence of quantitative neo-classical economics, which has gained great strength in the United States, seems to spread to the rest of the world. Still, international business is markedly different from economics not only in content but also in its relationship with other social sciences.     

中国律师美国之行

熟悉WTO规则的八都知道这一点:WTO表面上看起来是政府间的协议,实际上在很大程度上体现的是各成员方企业和行业的利益,很多WTO纠纷实质就是成员方的企业之间对市场的争夺。所以,关于中国入世的话题,不应再停留在挑战、机遇及应对这些宏观层面的探讨上,而应进入指导企业如何实际操作中。而企业,尤其是大中型企业,有进出口业务的企业,在中国入世之后更需要WTO法律专家或律师的帮助。鉴于此,国家司法部、国家外国专家局于年前在10多万律师从业大军中,选拔出10名律师和7名法学院教师,首次赴美研修WTO争端解决机制。中国律师此行情况如何,他们给中国企业带来了哪些实质性东西成了业界关注焦点。     

Industrial Policy in the United States

Does US government policy purposefully benefit particular industries or is industrial policy absent in the USA? Based on a review of recent US policies this paper argues that the USA applies many policies with an industry-specific impact. But these policies do not differ significantly from those in other countries and the process in which US industrial policies emerge severely limits their consistency. What differentiates the USA is a microeconomic business environment that enables a high degree of regional specialization, benefits especially knowledge-driven industries, and raises the impact of innovation and entrepreneurship policies.     

Foreign banks in the United States: Entry strategies and operations

This article deals with a very significant component of the U.S. banking industry: foreign banks in the United States. Their growth in the U.S., and specifically in California, is traced, as are the foci of their business strategy. In addition, the article explores the motivation of foreign banks to enter the U.S. market. All available theories are summarized and their relevance explored. The article goes on to speculate about some factors likely to influence the growth of foreign banking in the United States. © 2000 John Wiley & Sons, Inc.     

International briefing 6: Training and development in the United States

Increasingly, training and development is playing an important and strategic role in the economic success of US organisations (Marquardt, 1999, Tannenbaum and Yukl, 1992). US organisations recognise that they now operate in a new global economy, an economy which involves the use of advanced technologies and increased responsiveness to customers’ needs. It is becoming one that requires greater and greater innovation and flexibility in production, service delivery and market know‐how. American firms realise more than ever that employee knowledge gained through training and development has become a strategic necessity and more and more the source of strategic advantage (Drucker, 1994).     

Cultural and recreational industries in the United States

This article focuses on cultural and recreational industries in the United States. Cultural industries are defined as arts, entertainment, and recreation, as well as components of education, the information sector, wholesaling and retailing, manufacturing (for example, musical instruments), and accommodation and food services. Consumption patterns of cultural industries are shown to have changed significantly over the past 40 years in the United States. This change has been associated in part with changing information technologies, and in part by changes in policies permitting new types of recreation, especially gambling. The study documents the changing level of employment in these industries by state, using data for both employers and proprietors. Some sectors are highly concentrated spatially, while others are distributed widely.     

Ethics and financial reporting in the United States

The purpose of this paper is to describe briefly the institutional arrangements which condition the activities of accountants in the United States; to heighten an awareness of the values which are embodied in the existing structures of accountability; to appraise the consistency with which the established ideals of society have been actualised in financial reporting, and to discern the shape of the emerging history of financial reporting in the light of new values and possibilities. I suggest that the tradition of fair presentation in financial reporting is in danger of being eliminated by a purely political response to previous abuses. Mandatory accounting standards do have a role in preventing these abuses, but they can also be seen as instruments of distributive justice. To promote an awareness and discussion of the issues, I point out some of the goals and values underlying a few of the major structures designed for the distribution of economic costs and benefits.I. C. Stewart is Associate Professor of Accountancy at the University of Auckland. He was formerly a Senior Lecturer at the Victoria University of Wellington. He is the author of several articles which have been published in various business journals.     

英美国家的年龄歧视问题:表现、解决途径及对我国的启示

年龄歧视是对传统孝道的彻底否定.这一问题在西方国家由来已久,受到了较多的关注.近些年来英美等发达国家在立法和政策上出台了一系列解决措施,获得了一定的成效,但是年龄歧视现象依然存在.我国虽然传统文化中有尊老的传统,但是随着社会发展和社会转型的加快,对年长者的歧视在社会各个领域有所增加,甚至在某些方面表现有愈演愈烈之势和出现新的特点,对社会发展、和谐社会的建设产生了负面影响.对年龄歧视概念作出了明确的界定,对当代欧美国家年龄歧视的表现、解决的措施作了回顾和分析,提出了对我国的几点启示.     

Exporting and productivity in business services: Evidence from the United States

Does exporting make firms more productive, or do more productive firms choose to become exporters? This paper considers the link between exporting and productivity for a sample of firms in US business services. We find that larger, more productive firms are more likely to become exporters, but that these factors do not necessarily influence the extent of exporting. This conforms with previous literature that there is a self-selection effect into exporting. We then test for the effect of exporting on productivity levels after allowing for this selection effect. We model both the relationship between exporting and productivity, and a simultaneous relationship between export intensity and productivity after allowing for selection bias. In both cases we find an association, indicating that productivity is positively linked both to exporting and to increased exposure to international markets.