Social and Behavioral Sciences Commons^™

Integrated Assessment Models And The Social Cost Of Carbon: A Review And Assessment, Gilbert E. Metcalf, James Stock

Gilbert E. Metcalf

Adjustment Of Value Productivity Estimates To Changes In Price And Technical Relationships , David Brown

David C. Brown

No abstract provided.

Structural Shifts In Agricultural Markets Caused By Government Mandates: Ethanol And The Renewable Fuels Standard, John Olson

John Olson

For many decades, demand for agricultural commodities has remained stagnant and its growth has been limited. In contrast, agricultural production continues to become ever more efficient by increasing output for stable or decreased inputs. Long-run profits have historically been near zero due to an ongoing relative equilibrium. But recent U.S. energy policy has changed to include a Renewable Fuels Standard (RFS), the goal of which is to boost domestic energy independence in an environmentally sound way. Most of the RFS in the near-term relies on the production of 15 billion gallons of ethanol made from corn. This has the effect …

Testing The Environmental Kuznets Curve Hypothesis For Water Footprint Indicator: A Cross-Sectional Study, Maamar Sebri

Maamar Sebri

Powering America: The Impact Of Ethanol Production In The Corn Belt States, Luisa Blanco, Michelle Isenhouer

Luisa Blanco

This paper investigates the impact of ethanol production in the Corn Belt states (Iowa, Indiana, Illinois, Kansas, Kentucky, Michigan, Minnesota, Missouri, Nebraska, Ohio, South Dakota, and Wisconsin). Employing data at the county level, from 2005 and 2006, we investigate the effect of ethanol production on employment and wages. Our empirical results show that ethanol production has a positive significant effect on employment and wages, but this effect is of insignificant magnitude. We also find that counties with high and medium levels of ethanol production capacity show higher levels of employment and wages than those counties that do not produce ethanol. …

Effects Of Natural Resource Abundance On Institutions: Which, Where And When?, Luisa Blanco, Jeffrey Nugent, Graham Veenstra

Luisa Blanco

Much research has gone into the effects of oil and other natural resources on growth in which political institutions are often seen as the link between the two. Since institutions are difficult to measure and change very slowly over time, the analysis has largely been confined to cross-country comparisons, most frequently investigating the effects on levels of democracy. This paper builds on recent analyses of the effects of oil endowments, prices and exports on democracy to examine the effects on several different types of institutional change, making use of panel data on over 100 countries between 1975 and 2005 wherever …

A Smiling Face Is Half The Meal: The Role Of Cooperation In Sustaining Maine’S Local Food Industry, Ethan Tremblay, Timothy Waring

Timothy M Waring

The U.S. is experiencing a renaissance in local food production, and Maine is among the states leading that resurgence. This renaissance is influenced by many factors, and has both economic and social dimensions. This article examines the role of cooperation in the local food industry across a range of local food organizations. The authors conclude that cooperation plays different yet crucial roles in all local food organizations, and is an important part of the success of the local food industry as whole. The article considers the policy implications of these findings, and suggests that while the prevalence of cooperation is …

Willingness To Pay For Flood And Ecological Risk Reduction In An Urban Watershed, David Clark, Diane Novotny, Robert Griffin, Douglas Booth, Alena Bartosova, M Hutchinson

Robert Griffin

Urban watershed managers frequently must address alternative policy goals; flood control and ecological risk reduction. This study combines hydrologic models of flood control and biotic models of ecologic risk with economic models of willingness-to-pay and psychological models of risk processing and planned behavior to evaluate these two alternative policy objectives. The findings reveal that flood risk exposure, especially for those individuals who would remain outside the 100 year flood plain if the project were enacted, does influence the financial support that local residents would be willing to make to a flood control project. Other important determinants include demographic factors such …

An Evaluation Of The Effectiveness Of Farmland Protection Policy In China, Man Li

Man Li

This paper examines the effectiveness of the Basic Farmland Protection Regulation in protecting high-quality farmland from urban development in China in the first decade after it came into effect (1995‒2005). The theoretical basis for this study is a spatial urban development model with a splitting equation. The empirical evaluation is conducted with georeferenced, longitudinal data on more than 2,000 counties in the country. Results indicate that the Regulation was effective in preserving farmland with high productivity potential only during the period 1995‒2000. There is no evidence of effectiveness of the Regulation in protecting lands with good irrigation conditions or lands …

Heat Stress Increases Long-Term Human Migration In Rural Pakistan, Valerie Mueller, Clark Gray, Katrina Kosec

Katrina Kosec

No abstract provided.

Politics And Trade In The Former Soviet Union, Marianna Khachaturyan, Wesley Peterson

Marianna Khachaturyan

Fifteen independent countries emerged from the collapse of the Soviet Union in 1989-91. Aside from the Russian Federation, the former Soviet Republics lie in four geographic regions: the Caucasus (Armenia, Azerbaijan, Georgia); Central Asia (Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan); the Baltics (Estonia, Latvia, Lithuania); and Eastern Europe (Belarus, Moldova, Ukraine).

Jump Processes In The Market For Crude Oil, Neil Wilmot, Charles Mason

Charles F Mason

In many commodity markets, the arrival of new information leads to unexpectedly rapid changes—or jumps—in commodity prices. Such arrivals suggest the assumption that log-return relatives are normally distributed may hold. Combined with time-varying volatility, the possibility of jumps offers a potential explanation for fat tails in oil price returns. This article investigates the potential presence of jumps and time-varying volatility in the spot price of crude oil and in futures prices. The investigation is carried out over three data frequencies (Monthly, Weekly, Daily), which allows for an investigation of temporal properties. Employing likelihood ratio tests to compare among four stochastic …

The Politics Of Rights-Based Approaches In Conservation, Prakash Kashwan

Prakash Kashwan

Scholars and advocates increasingly favor rights-based approaches over traditional exclusionary policies in conservation. Yet, national and international conservation policies and programs have often led to the exclusion of forest-dependent peoples. This article proposes and tests the hypothesis that the failures of rights-based approaches in conservation can be attributed in significant measure to the political economic interest of the state in the tropics. To this end, the article presents findings from the empirical analysis of the Forest Rights Act of 2006 in India. Two key recommendations emerge from this analysis. One, the proposals for operationalizing rights-based approaches will likely be far …

Sustainability Through Profitability: The Triple Bottom Line, Connie Reimers-Hild

Connie I Reimers-Hild, PhD, CPC

Today’s highly competitive, globalized world requires organizations and businesses to think differently about how they are going to stay in business. Businesses can no longer afford to focus on profits as their sole purpose for existence. Organizations must instead think about the “Triple Bottom Line” and its implications for their ability to grow their brand, customer loyalty and profits.

The three components of the Triple Bottom Line are: people and community (social responsibility), planet (environmental sustainability) and profit (the bottom line). Successful 21st century organizations must consider how they are going to actively engage in each of the Triple Bottom …

Oceania - From Tobacco In Culture And History: An Encyclopedia, Vol 2, Terence Hays

Terence Hays

The earliest historical record of tobacco use in Oceania dates back from 1616 on islands off the northwest coast of New Guinea. Tobacco cultivation may have been introduced to the philippines by the Spanish as early as 1575, but it was after large-scale cultivation began to flourish in Europe in the 1590's that the use of tobacco, if not always its cultivation, rapidly spread, with introductions by the Dutch in Java in 1601 and almost immediate diffusion throughout what is now Indonesia, with Halmahera becoming a center of cultivation and export (as was Java) by 1616.

Missionaries - From Tobacco In Culture And History: An Encyclopeida, Vol. 1, Terence Hays

Terence Hays

For centuries, many missionaries have reflected the ambivalent and sometimes shifting views held by their peers back home, with their actions shaped by local circumstances as well as moral debates. In other cases, missionaries-most notably Mormons, Seventh Day Adventists, and members of various evangelical sects of Protestantism-have long been opposed to smoking. Today, most missionaries around the world at least publicly speak out against tobacco use because of associated health risks. Whether only by example or as direct interoducers or suppliers, missionaries joined other colonial agents in the spread and support of tobacco use historically, regardless of what their common …

Uses Of Wild Plants In Ndumba, Eastern Highlands Province, Terence Hays

Terence Hays

For Papua New Guineans,l as well as for those who wish to understand them better, traiditional knowledge of the local natural environment is a priceless resource. In the face of increasing commitments to a cash economy, however, many communities are rapidly losing their awareness and appreciation of the rich animal and plant worlds which are immediately available to them. As Powell has recently observed (1976), the recorded information regarding traditional plant knowledge and uses has tended to be widely-scattered in the literature and relatively difficult to access, especially for those who stand to benefit the most from it. A recent …

Interventions And Production Sector Waste In Ldc Agriculture, Lilyan Fulginiti, Richard Perrin

Richard K Perrin

Recent studies have revealed that less developed countries (LDCs) have been taxing their agricultural sectors at rates of 40-50%. This study uses quantity-based general equilibrium measures of deadweight loss to evaluate the cost of these distortions in 18 of these countries. The Allais-Debreu loss measures indicate that from 7–16% of either output or of the agricultural resource base has been wasted due to the associated misallocation of agricultural inputs across these countries. Agriculture is heavily taxed in less developed countries (LDCs), with combined direct and indirect tax rates of 40 to 50% being common. These levels of intervention surely have …

Ethanol In Nebraska, Richard Perrin

Richard K Perrin

Ethanol production in the U.S. has mushroomed at the rate of nearly 20 percent per year in this young century. In Nebraska, ethanol production increased from about 500 million gallons in 1999 to over 700 million gallons in 2004. Furthermore, recent Nebraska plant construction suggests that it can be expected to increase by at least another 40 percent within the next year or two.

Non-Parametric Environmental Adjusted Productivity [Eap] Measures: Nebraska Agriculture Sector, Saleem Shaik, Richard Perrin

Richard K Perrin

Traditional total factor productivity [TFP] misrepresents the true change in agricultural productivity to the extent that environmental bads jointly produced with desirable outputs are unaccounted. Nonparametric productivity measures incorporating environmental bads are evaluated for Nebraska agriculture. The results indicate that prior to the 1980's the traditional TFP measures overstate productivity growth while it is underestimated afterwards, reflecting peak use of chemicals.

Is Corn Ethanol Economically Viable In The Long Run?, Richard Perrin

Richard K Perrin

The corn ethanol industry is in the pits, with plants being idled and firms declaring bankruptcy. Not only that, but each month seems to bring a new study assailing corn ethanol because it doesn’t help the environment, or it doesn’t reduce dependence on foreign oil, or it drives up food prices, or it is harmful to health.

Prices And Productivity In Agriculture, Lilyan Fulginiti, Richard Perrin

Richard K Perrin

Developing countries often tax agriculture heavily, a practice that might affect the productivity as well as the quantity of resources allocated to agriculture. A variable-coefficient cross-country agricultural production function is estimated, with past price expectations among the determinants of the production coefficients. Productivity’s responsiveness to those expectations implies that had these developing economies eliminated price interventions, agricultural productivity would have increased on average by about a fourth. In agriculture, as any other sector, output prices affect the amount of resources allocated to aggregate production. According to a review by Binswanger (1989) these movements along the supply function reflect an elasticity …

Ethanol And Low Carbon Fuel Standards, Richard Perrin

Richard K Perrin

There have been two primary reasons why the public has had an interest in more ethanol, rather than leaving the issue to the private market. First, it has been thought to be beneficial in slowing climate change. Second, it would increase energy independence by reducing the amount of petroleum we import. We will discuss the first of these issues in this article, with the second issue to be addressed in a later article.

Dynamic Pricing Of Genetically Modified Crop Traits, Richard Perrin, Lilyan Fulginiti

Richard K Perrin

The issue considered here is the retail pricing of patented crop traits such as Roundup Ready herbicide resistance or Bt insect resistance. Our concern is not with the price of the seeds in which the traits are embodied, but rather with the implicit or explicit price for the traits themselves. Intellectual property rights are now available for traits, and while monopoly pricing of them has received some limited consideration in the economics literature1, no one has yet examined the possible implications of the durability of these traits as a factor in determining such monopolists' pricing behavior.

Grain Ethanol - Why Consider Food For Fuel?, Richard Perrin

Richard K Perrin

Current U.S. energy policy encourages additional ethanol production through a combination of subsidies and mandates. Grain ethanol production converts a potential food into fuel. Concerns have been expressed that this drives up the price of food, and could contributed to world hunger problems. Other objections to grain ethanol have been raised: it might not reduce greenhouse gases much if at all; intensified cropping could deteriorate environmental resources, and it might increase smog in cities. Why, then, do proponents favor increased grain ethanol production? It is possible that it will educe greenhouse gas emissions; it can reduce petroleum imports, it can …

The Theory And Measurement Of Producer Response Under Quotas, Lilyan Fulginiti, Richard Perrin

Richard K Perrin

Tobin and Houthakker's work on consumer behavior under quantity rationing has been extended by many authors, especially through the use of duality theory. This paper uses duality theory to extend the work on demand theory under rationing to the case of producer behavior under quotas. These results permit estimation of otherwise unobservable market supply and demand structures The structure of the farm economy operating under a tobacco quota system is estimated, and the theory is utilized to infer that the supply elasticity of tobacco would be about 70 if the quotas were removed. Estimates such as this are not normally …

Looking At China’S Great Leap Forward From A Systems Perspective, Brandy Futrell

Brandy Futrell

China’s Great Leap Forward (GLF) campaign of 1958-1961 led by Mao Tse-Tung resulted in a horrendous famine that cost millions of lives. This paper examines the campaign from a systems perspective across the individual, group/societal, and regulatory levels. Looking at each level illustrates errors that explain how the GLF failed.

Potential Economic Impact Of Drought On Rafting Activity, Prabhakar Shrestha, Karina Schoengold

Prabhakar Shrestha

As part of a research project with the National Drought Mitigation Center, we have been studying the impact of drought on the Colorado rafting industry. During our research we conducted personal interviews with seven outfitters operating in the Upper Arkansas River and Colorado Department of Natural Resources officials, represented by the Arkansas Headwaters Recreational Area (AHRA). The customer distribution for this river for the last twenty-year period is shown in Figure 1 (on next page). Compared to previous seasons, the 2002 season had a dramatic decrease in the total number of customers. This season was impacted due to several factors, …

On Equilibrium In Resource Markets With Scale Economies And Stochastic Prices, Charles Mason

Charles F Mason

In this paper, I show the existence and the characteristics of equilibrium in a non-renewable resource market where extraction costs are non-convex and market price is subject to stochastic shocks, an empirically relevant setting. In my model firms may be motivated to hold inventories to facilitate production smoothing, which allows them to continue producing at a smooth pace at any instant when extraction ceases, e.g. when reserves are exhausted. This aspect of the model then supports a competitive equilibrium in the presence of non-convex costs. Casual empirical evidence is provided that supports the central features of my model for a …

Economic Co-Optimization Of Enhanced Oil Recovery And Carbon Sequestration, Andrew Leach, Charles Mason, Klaas Van 'T Veld

Charles F Mason

In this paper, we present an economic analysis of CO2-enhanced oil recovery (EOR). This technique entails injection of CO2 into mature oil fields in a manner that reduces the oil’s viscosity, thereby enhancing the rate of extraction. As part of this process, significant quantities of CO2 remain sequestered in the reservoir. If CO2 emissions are regulated, oil producers using EOR should therefore be able to earn revenues from sequestration as well as from oil production. We develop a theoretical framework that analyzes the dynamic co-optimization of oil extraction and CO2 sequestration, through the producer’s choice of the fraction of CO2 …