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Optimal Choice Of Voluntary Traceability As A Food Risk Management Tool, Dm Souza Monteiro,, Julie Caswell Aug 2008

Optimal Choice Of Voluntary Traceability As A Food Risk Management Tool, Dm Souza Monteiro,, Julie Caswell

Julie Caswell

Traceability systems are information tools implemented within and between firms in food chains to improve logistics and transparency or to reduce total food safety damage costs. Information about location and condition of products is critical when food safety incidents arise. This paper uses a principal-agent model to investigate the optimal choice of voluntary traceability in terms of precision of information on a given attribute at each link of a food chain. The results suggest that four scenarios may emerge for the supply chain depending on the costs of a system and whether or not the industry can internalize total food …


Expanding The Focus Of Cost-Benefit Analysis For Food Safety: A Multi-Factorial Risk Prioritization Approach, Julie Caswell Jan 2008

Expanding The Focus Of Cost-Benefit Analysis For Food Safety: A Multi-Factorial Risk Prioritization Approach, Julie Caswell

Julie Caswell

A pressing need in the area of food safety is a tool for making overall, macro judgments about which risks should be given priority for management. Governments often seek to base this prioritization on public health impacts only to find that other considerations also influence the prioritization process. A multi-factorial approach formally recognizes that public health, market-level impacts, consumer risk preferences and acceptance, and the social sensitivity of particular risks all play a role in prioritization. It also provides decision makers with a variety of information outputs that allow risk prioritization to be considered along different dimensions. Macro-level prioritization of …


Expanding The Focus Of Cost-Benefit Analysis For Food Safety: A Multi-Factorial Risk Prioritization Approach, Julie Caswell Jan 2008

Expanding The Focus Of Cost-Benefit Analysis For Food Safety: A Multi-Factorial Risk Prioritization Approach, Julie Caswell

Julie Caswell

A pressing need in the area of food safety is a tool for making overall, macro judgments about which risks should be given priority for management. Governments often seek to base this prioritization on public health impacts only to find that other considerations also influence the prioritization process. A multi-factorial approach formally recognizes that public health, market-level impacts, consumer risk preferences and acceptance, and the social sensitivity of particular risks all play a role in prioritization. It also provides decision makers with a variety of information outputs that allow risk prioritization to be considered along different dimensions. Macro-level prioritization of …


The Linkages Between Fdi And Domestic Investment: Unravelling The Developmental Impact Of Foreign Investment In Sub-Saharan Africa, Léonce Ndikumana, Sher Verick Jan 2008

The Linkages Between Fdi And Domestic Investment: Unravelling The Developmental Impact Of Foreign Investment In Sub-Saharan Africa, Léonce Ndikumana, Sher Verick

Léonce Ndikumana

While the recent increase in foreign direct investment (FDI) to African countries is a welcome development, the question remains as to the impact of these resource inflows on economic development. This study posits that a key channel of the impact of FDI on development is through its effects on domestic factor markets, especially domestic investment and employment. In this context, this study analyses the two-way linkages between FDI and domestic investment in Sub-Saharan Africa. The results suggest that firstly, FDI crowds in domestic investment, and secondly, countries will gain much from measures aimed at improving the domestic investment climate. Moreover, …


Understanding Persistent Food Insecurity: A Paradox Of Place And Circumstance, Sheila Mammen, Jean W. Bauer, Leslie Richards Jan 2008

Understanding Persistent Food Insecurity: A Paradox Of Place And Circumstance, Sheila Mammen, Jean W. Bauer, Leslie Richards

Sheila Mammen

Survey data from a USDA-funded multi-state longitudinal project revealed a paradox where rural low-income families from states considered prosperous were persistently more food insecure than similar families from less prosperous states. An examination of quantitative and qualitative data found that families in the food insecure states were more likely to experience greater material hardship and incur greater housing costs than families in the food secure states. Families in the food insecure states, however, did not have lower per capita median incomes or lower life satisfaction than those in the food secure states. A wide range of strategies to cope with …


The Benefits And Costs Of Proliferation Of Geographical Labeling For Developing Countries, Julie Caswell Jan 2008

The Benefits And Costs Of Proliferation Of Geographical Labeling For Developing Countries, Julie Caswell

Julie Caswell

Food product attributes related to geographical origins are a topical issue in global food trade. The provision of geographical labelling may occur through geographical indications under the mandated trade rules of the TRIPS Agreement, trademarks, or country-of-origin labelling. The overall effect of the expansion of geographical labelling on developing countries depends on a complex mix of market opportunities that may yield substantial benefits as well as implementation costs. Increasingly, the analysis of this overall effect will need to evaluate the joint impacts of different forms of geographical labelling on the market position of developing countries.


Consumer Demand For Quality: Major Determinant For Agricultural And Food Trade In The Future?, Julie Caswell Jan 2008

Consumer Demand For Quality: Major Determinant For Agricultural And Food Trade In The Future?, Julie Caswell

Julie Caswell

The impact of consumer demand for quality on the agricultural and food system is an increased emphasis on quality differentiation but not all in the direction of upgrading quality. The more elite market segments are thriving and reaching growing numbers of consumers but the basic price/quality markets remain strong. Most recent economic studies find that consumers are willing to pay for food safety and other quality attributes, and for information about them. The magnitude of the valuations varies by food product, attribute, country, and study design. This literature and a case study of genetically modified foods suggest that consumer demand …


Financialization In Kaleckian Economies With And Without Labor Constraints, Peter Skott, Soon Ryoo Jan 2008

Financialization In Kaleckian Economies With And Without Labor Constraints, Peter Skott, Soon Ryoo

Peter Skott

No abstract provided.


Macroeconomic Implications Of Financialization, Peter Skott, Soon Ryoo Jan 2008

Macroeconomic Implications Of Financialization, Peter Skott, Soon Ryoo

Peter Skott

A growing literature suggests that 'financialization' may weaken the performance of non-financial corporations and constrain the growth of ag- gregate demand. This paper evaluates (some of) the claims that have been made using two alternative approaches (one derived from Skott (1981, 1988, 1989) and one from Lavoie and Godley (2001-2002)) and two differ- ent settings (a labor-constrained setting and a dual-economy setting). All models pay explicit attention to financial stock-flow relations. The results are insensitive to the precise specification of household saving behavior but depend critically on the labor market assumptions (labor-constrained vs dual) and the specification of the investment …