Spending on prescription drugs (Rx) represents one of the fastest growing components of U.S. healthcare spending, and has coincided with an expansion of pharmaceutical promotional spending. Most (83%) of Rx promotion is directed at physicians in the form of visits by pharmaceutical...

A modified version of the partial-equilibrium gravity model, originally proposed by <link rid="b8">Fukao et al. (2003</link>), is employed to investigate the changing pattern of US textile trade. We use US Bilateral Manufacturing Imports and Exports data for 1989-2001 to assess the impact of labor wages, tariffs,...

This paper considers the transfer of technology from the North to the South that occurs through trade in high-technology goods and explicitly models the 'reverse-engineering' process that allows the South to assimilate new technologies. A key finding of this study is that the South's rate of...

Medicaid expenditures account for a sizeable proportion of U.S. GDP - $360.3 billion in 2009 or 2.55 percent of GDP. Despite this, the Affordable Care Act of 2010 (i.e. the new Obama healthcare initiative) further expands eligibility criteria for the Medicaid program. However, there is little...