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Potential Gains From Capital Flight Repatriation For Sub-Saharan African Countries, Hippolyte Fofack, Léonce Ndikumana Aug 2009

Potential Gains From Capital Flight Repatriation For Sub-Saharan African Countries, Hippolyte Fofack, Léonce Ndikumana

Léonce Ndikumana

Despite the recent increase in capital flows to Sub-Saharan Africa, the region remains largely marginalized in financial globalization and chronically dependent on official development aid. And with the potential decline in the level of official development assistance in a context of global financial crisis, the need to increase domestic resources mobilization as well as non-debt generating external resources is critical now more than ever before. However, the debate on resource mobilization has overlooked an important untapped source of funds consisting of the massive stocks of private wealth stashed in Western financial centers, a substantial part of which left the region …


Partial Implementation Of Cool: Economic Effects In The U.S. Seafood Industry, Siny Joseph, Nathalie Lavoie, Julie Caswell Jul 2009

Partial Implementation Of Cool: Economic Effects In The U.S. Seafood Industry, Siny Joseph, Nathalie Lavoie, Julie Caswell

Julie Caswell

Mandatory Country of Origin Labeling (MCOOL) was implemented on seafood in the United States on April 4, 2005. MCOOL exempts the foodservice sector and excludes processed seafood from labeling. This paper contributes to understanding the economics of the MCOOL law for seafood by showing that current partial implementation may have unintended consequences on the domestic supply chain. While labeling satisfies the market demand for information provision in one market, exemptions in the other market may create incentives for the diversion of imports, which are assumed to be lower in quality than domestic seafood, to the non-labeled sector. Analyzing alternate scenarios …


Senate Testimony On Cap-And-Dividend Policies, James K. Boyce May 2009

Senate Testimony On Cap-And-Dividend Policies, James K. Boyce

James K. Boyce

In this testimony presented to the U.S. Senate Finance Committee, James Boyce describes the range of options to be considered in the auctioning, distribution and compensation for carbon capping permits. He goes on to describe in some detail how a cap-and-dividend policy will protect American families from the impacts of the higher fossil fuel prices which will inevitably accompany carbon capping, thereby making it a politically palatable approach to curbing our greenhouse gas emmisions.


Justice In The Air: Tracking Toxic Pollution From America's Industries And Companies To Our States, Cities And Neighborhoods, Michael Ash, James K. Boyce, Grace Chang, Manuel Pastor, Justin Scoggins, Jennifer Tran Apr 2009

Justice In The Air: Tracking Toxic Pollution From America's Industries And Companies To Our States, Cities And Neighborhoods, Michael Ash, James K. Boyce, Grace Chang, Manuel Pastor, Justin Scoggins, Jennifer Tran

James K. Boyce

No abstract provided.


The Benefits And Costs Of Proliferation Of Geographical Labeling For Developing Countries, Julie Caswell Jan 2009

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 labeling may occur through geographical indications under the mandated trade rules of the TRIPS Agreement, through trademarks, or through country-of-origin labeling. The overall effect of the expansion of geographical labeling 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 labeling on the market position of developing countries.


Life Satisfaction Over Time Among Rural Low-Income Mothers, Sheila Mammen, Jean W. Bauer, Daniel Lass Jan 2009

Life Satisfaction Over Time Among Rural Low-Income Mothers, Sheila Mammen, Jean W. Bauer, Daniel Lass

Sheila Mammen

The satisfaction with life (SWL) among rural low-income mothers was assessed using a sample of 163 mothers who participated in a multi-state, three-year longitudinal study. Dependent variables included those that represented various forms of capital (health, human, personal and social) as well as the mothers’ levels of life satisfaction from prior years. Nearly two-thirds of the rural mothers were satisfied with their life in all three years. Their level of satisfaction appeared to be constant, however, such persistence had a time frame of only one year. In all three years, their depression score and the adequacy of their income had …


Controlling Dangerous Financial Products Through A Financial Pre-Cautionary Principle, James Crotty, Gerald Epstein Jan 2009

Controlling Dangerous Financial Products Through A Financial Pre-Cautionary Principle, James Crotty, Gerald Epstein

James Crotty

High risk, opaque, and extremely complex financial products such as collateralized debt obligations and credit default swaps have been among the key causes of the worst economic crisis since the Great Depression. Regulators, buyers, and even many issuers of these investor or capital market products (as distinct from consumer products) did not understand how they worked in calm times, much less in times of extreme market stress. Not only have these products helped cause the crisis but they have also made the crisis extremely difficult to resolve. In response, building on the analogy of the Food and Drug Administration (FDA), …


Life Satisfaction Over Time Among Rural Low-Income Mothers, Sheila Mammen, Jean W. Bauer, Daniel A. Lass Jan 2009

Life Satisfaction Over Time Among Rural Low-Income Mothers, Sheila Mammen, Jean W. Bauer, Daniel A. Lass

Daniel A. Lass

The satisfaction with life (SWL) among rural low-income mothers was assessed using a sample of 163 mothers who participated in a multi-state, three-year longitudinal study. Dependent variables included those that represented various forms of capital (health, human, personal and social) as well as the mothers’ levels of life satisfaction from prior years. Nearly two-thirds of the rural mothers were satisfied with their life in all three years. Their level of satisfaction appeared to be constant, however, such persistence had a time frame of only one year. In all three years, their depression score and the adequacy of their income had …


The Earned Income Tax Credit And Rural Families: Differences Between Participants And Non-Participants, Sheila Mammen, Frances C. Lawrence, Peter St. Marie, Ann A. Berry, Suzanne Enzian Knight Jan 2009

The Earned Income Tax Credit And Rural Families: Differences Between Participants And Non-Participants, Sheila Mammen, Frances C. Lawrence, Peter St. Marie, Ann A. Berry, Suzanne Enzian Knight

Sheila Mammen

The differences between rural low-income mothers who were participants and non-participants in the Earned Income Tax Credit (EITC) were examined. One-third of the 224 eligible mothers in a multi-state study did not claim the tax credit. Non-participants were more likely to be Hispanic, less educated, with larger families, borrowing money from family, and living in more rural counties. Participating mothers, on the other hand, were more food secure, perceived their household income as being adequate, reported recent improvements in their economic situation, were satisfied with life, and lived in states with a state EITC. Analysis of qualitative data revealed that …


Controlar Los Productos Financieros Peligrosos Mediante Un Principio De Precaución Financiera, James Crotty, Gerald Epstein Jan 2009

Controlar Los Productos Financieros Peligrosos Mediante Un Principio De Precaución Financiera, James Crotty, Gerald Epstein

James Crotty

High risk, opaque, and extremely complex financial products such as collateralized debt obligations and credit default swaps have been among the key causes of the worst economic crisis since the Great Depression. Regulators, buyers, and even many issuers of these investor or capital market products (as distinct from consumer products) did not understand how they worked in calm times, much less in times of extreme market stress. Not only have these products helped cause the crisis but they have also made the crisis extremely difficult to resolve. In response, building on the analogy of the Food and Drug Administration (FDA), …


Partial Implementation Of Cool: Economic Effects In The U.S. Seafood Industry, Siny Joseph, Nathalie Lavoie, Julie A. Caswell Jan 2009

Partial Implementation Of Cool: Economic Effects In The U.S. Seafood Industry, Siny Joseph, Nathalie Lavoie, Julie A. Caswell

Nathalie Lavoie

Mandatory Country of Origin Labeling (MCOOL) was implemented on seafood in the United States on April 4, 2005. MCOOL exempts the foodservice sector and excludes processed seafood from labeling. This paper contributes to understanding the economics of the MCOOL law for seafood by showing that current partial implementation may have unintended consequences on the domestic supply chain. While labeling satisfies the market demand for information provision in one market, exemptions in the other market may create incentives for the diversion of imports, which are assumed to be lower in quality than domestic seafood, to the non-labeled sector. Analyzing alternate scenarios …


Avoiding Another Meltdown, James Crotty, Gerald Epstein Jan 2009

Avoiding Another Meltdown, James Crotty, Gerald Epstein

James Crotty

The authors argue that the current financial crisis, the worst since the Great Depression, can be seen as the latest phase in the evolution of financial markets under a radical financial deregulation process that began in the late 1970s. Deregulation accompanied by rapid financial innovation stimulated powerful booms that ended in crises. But governments responded to the crises with new bailouts that allowed new expansions to begin. As a result, financial markets have become ever larger, and the crises have become more threatening to society, which forces governments to enact ever larger bailouts. The authors provide a comprehensive set of …