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Politics And Trade In The Former Soviet Union, Marianna Khachaturyan, Wesley Peterson Feb 2013

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 Dec 2012

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 Dec 2012

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 …