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Applied economics is both an art and a science. It requires a sound knowledge of economic theory, statistical techniques and data sources, together with an appreciation that behavioural changes can alter apparently established economic relationships. In this book leading economists illustrate the diversity of the subject, and present a series of studies that demonstrate a range of techniques and their applications to economic policy. It contains chapters which explore approaches to macroeconomic modelling analyses of corporate performance, new estimates of the evolution of incomes in the UK since the eighteenth century and assessments of the role of applied economics in guiding macroeconomic policy. All the chapters were specially commissioned to mark the fiftieth anniversary of the Department of Applied Economics at the University of Cambridge, and the contributions to the book are a fitting tribute to the work instigated by Sir Richard Stone and carried forward by his successors

We investigated experimentally the influence of habitat structure on the population dynamics of house mice. Three habitat types were used. In one, dense stands of regenerating cypress pine were felled and left in situ to cover at least 40% of experimental plots, providing high complexity at ground level; in another, dense stands of regenerating pine were left intact, providing low complexity at ground level; in the third, open grassland adjacent to dense stands of regenerating pine also provided low complexity at ground level. Mouse populations occurred at higher densities in felled pine plots compared with both the standing pine and grassland plots, consistent with the hypothesis that the presence of increased habitat complexity at ground level reduced the impact of predation. Even though populations responded to the felled pine, they dropped to very low densities over winter, suggesting that the habitat was still marginal for the persistence of mice, probably due to a lack of food. The results are discussed with reference to their implications for the influence that habitat structure may have on the impact of introduced predators on native species.

The relation between the government's need to borrow and the stock of money in the country is a complex one. It is affected by the nature of the expenditures and revenues which require the borrowing and by the way in which the borrowing is financed. From time to time it has been suggested that nevertheless the two magnitudes have moved together in a stable manner. In this article we demonstrate that no such convenient coincidental movement appears to have been recorded in the UK and hence that it is possible for the government to permit variations in the PSBR to try to offset the recession even while maintaining a medium-term regime of monetary targets.

Lifetime cancer potency of alfatoxin was assessed based on the Yeh et al. study from China in which both aflatoxin exposure and hepatitis B prevalence were measured. This study provides the best available information for estimating the carcinogenic risk posed by aflatoxin to the U.S. population. Cancer potency of aflatoxin was estimated using a biologically motivated risk assessment model. The best estimate of aflatoxin potency was 9 (mg/kg/day)−1 for individuals negative for hepatitis B and 230 (mg/kg/day)−1 for individuals positive for hepatitis B.

Manning, R. A.: Security in East Asia. - S. 21-32. Clad, J.: Security in Southeast Asia. - S. 33-39. Lavoy, P. R.: Security in South Asia. - S. 40-53. Albinski, H. S.: Security in the South Pacific region. - S. 54-64. Wiencek, D. G.: Nuclear and missile proliferation in Asia. - S. 67-87. Carpenter, W. M.; Wiencek D. G.: Maritime piracy in Asia. - S. 88-98. Olson, W. J.: Illegal narcotics in Southeast Asia. - S. 99-105. Baker, J. C.: Conflict potential of the South China Sea disputes. - S. 106-117. Vaughn, B.; McDonald, S. M.: Australia. - S. 121-145. Aung-Thwin, M.: Burma. - S. 146-154. Grove, P. C.: Cambodia. - S. 155-163. Sutter, R.: China. - S. 164-172. Limaye, S. P.: India. - S. 173-180. Haseman, J. B.: Indonesia. - S. 181-191. Carpenter, W. M.: Japan. - S. 192-201. Carpenter, W. M.: Laos. - S. 202-206. Wiencek, D. G.: Malaysia. - S. 207-214. Mitchell, M. J.: Mongolia. - S. 215-222. Vaughn, B.: New Zealand. - S. 223-239. Niksch, L. A.: North Korea. - S. 240-246. Ahmed, S.: Pakistan. - S. 247-254. Wiencek, D. G.: The Philippines. - S. 255-266. Carpenter, W. M.: Singapore. - S. 267-271. Cha, V. D.: South Korea. - S. 272-282. Thomas, M. A.: Sri Lanka. - S. 283-289. Van Vranken Hickey, D.: Taiwan. S. 290-297. Wiencek, D. G.: Thailand. - S. 298-304. Stern, L. M.: Vietnam. - S. 305-318

Franz, W.: The German unemployment problem: what we know and do not know. - S.25-49. Freeman, R. B.: Divergent performances: job creation and income determination in the EU and the U.S. - S.51-98. Krueger, A. B.: Observations and conjectures on the U.S. employment miracle. - S.99-147. Murphy, K. M.: The structure of wages revisited. - S.149-200. Burkhauser, R. V.: How the fruits of growth were distributed among working-age families in the United States and Germany in the 1980s. - S.201-249. Farber, H. S.: Trends in long employment in the United States, 1979-96. - S.251-304. Heckman, J. J.: The effects of governemnt policies on human capital investment, unemployment and earning inequality. - S.305-354. Hunt, J.: Work sharing and employment in Germany. - S.355-386. Scharpf, F. W.: Employment and the welfare state: a continental dilemma. - S.387-416. Riesenhuber, H.: Arbeit der Zukunft - Chancen in einer offenen Welt. - S.417-434