International Economics Commons^™

Aspectos Legais Dos Mecanismos De Compartilhamento Monetário: Currency Board, União Monetária E Adoção De Moeda Estrangeira [Legal Aspects Of Currency-Sharing Mechanisms: Currency Board, Monetary Union, And Adoption Of A Foreign Currency], Jefferson Alvares

Jefferson Alvares

Aborda os aspectos jurídicos dos mecanismos que possibilitam a utilização de uma mesma moeda por mais de um Estado: o currency board, as uniões monetárias e a adoção de moeda estrangeira. Analisa as raízes sociais e jurídica da moeda; o papel da moeda na economia internacional, incluindo detalhes sobre os mecanismos de compartilhamento monetário; e as condições para a criação de uma área monetária unificada no Mercosul.

[The paper deals with the legal aspects of mechanisms that enable a single currency to be officially employed in two or more national economies: currency boards, monetary unions, and outright use of a …

Illicit Financial Flows From Developing Countries: 2002-2006, Dev Kar, Devon Cartwright-Smith

Dev Kar

No abstract provided.

Alleviating Global Poverty Through Profitable Partnerships: Moral Imagination & Economic Well-Being, Laura Hartman, P. Werhane, D. Moberg, S. Kelley

Laura Hartman

While at least one out of six in the global human population cannot meet the basic demands of survival and they have little ability to buy goods and services, this situation also presents potential new markets for multinational enterprises seeking long-term sustainability. If economic growth is a continuing and positive goal for the planet and for global companies, then, as markets in developed economies become saturated, these new markets provide fresh opportunities to satisfy this objective.

Water Borne Diseases And Rural Development In Sudan Study Of Malaria In Gezira Irrigated Agricultural Scheme, Professor Issam A.W. Mohamed

Professor Issam A.W. Mohamed

Gezira irrigated scheme is globally one of the biggest agricultural productive units administratively managed. It has seen deteriorating productivity for the past two decades. There cries that it should be privatized. That was seriously taken by the government in an economic liquidation of its assets. However, in this study we discuss analyze other aspects than the previously mentioned aspects of production parameters. We focus of health economics and how gradual negligence led to the prevalence of waterborne diseases. That degenerated farmers' abilities to produce. The present study was carried out in the Gezira scheme to measure the impact of water …

Openness, Inequality And Poverty: Endowments Matter, Julien Gourdon, Nicolas Maystre, Jaime De Melo

Julien Gourdon

Using tariffs as a measure of openness, this paper finds consistent evidence that the conditional effects of trade liberalization on inequality are correlated with relative factor endowments. Trade liberalization, measured by changes in tariff revenues, is associated with increases in inequality in countries well-endowed with highly skilled workers and capital or with workers that have very low education levels. Similar, although less robust, results are also obtained when decile data are used instead of the usual Gini coefficients. Taken together, the results are strongly supportive of the factor-proportions theory of trade and suggest that trade liberalization in poor countries where …

A World Economic Order Based On Cultural Comparative Advantage, John Hooker

John Hooker

No abstract provided.

Investment Credit Availability - Bank Enterprise Relations In Poland, Joanna Tyrowicz

Joanna Tyrowicz

The complaints about insufficient private investment are frequent in Poland. Equally often do we hear the criticism of the monetary policy pointing to excessively high interest rates. This paper estimates the speed of upward adjustment of loan rates relative to downward adjustment, accounting for dierent market segments and products. The empirical results show that for the investment credit upward adjustment is fast, but downward adjustment essentially does not occur. Consumer credit products demonstrate positive values for the speed of both adjustments although still upward changes occur faster than downwards ones. These ndings suggest that banks may tend to discriminate entrepreneurs …

Economic Implications Of Copulas And Extremes, Lorán Chollete

Lorán Chollete

No abstract provided.

Do R&D Programs Of Different Government Levels Overlap In The European Union?, Andrea Fernandez-Ribas, Isabel Busom

Andrea Fernandez-Ribas

Multiple levels of government currently design and implement research and innovation programs both in the US and in Europe. Empirical analysis of interdependencies among programs has not been fully explored, however. Our contribution is a first step in understanding potential complementarities across R&D programs. Using a sample of Spanish manufacturing firms, we study the determinants of firms’ participation in national and in European level research programs and test for differences across programs. Our results suggest that firms’ participation in European and national R&D programs is largely driven by different factors. We interpret these results as suggesting that, ex-post, there is …

Municipal Waste Generation And Socio Economic Drivers, Massimiliano Mazzanti

Massimiliano Mazzanti

No abstract provided.

The Risk Components Of Liquidity, Lorán Chollete, Randi Naes, Johannes Skjeltorp

Lorán Chollete

No abstract provided.

Comparative Capitalism And Sustainable Development: Stakeholder Capitalism And Co-Management In The Kenyan Fisheries Sub Sector, Cosmas Milton Obote Ochieng Ochieng

Cosmas Milton Obote Ochieng Ochieng

This paper argues that stakeholder capitalism is more appropriate to natural resource management and rural development in Africa than other varieties of capitalism. It examines different management arrangements in Kenyan Lake Victoria fisheries resources to argue that whilst stakeholder capitalism is still far from being the mainstream model of capitalism in Kenya, theoretically and empirically, it is more appropriate to sustainable development than the Anglo-Saxon variety of capitalism that the country inherited from its British colonizers. The paper demonstrates that the concepts of ownership and management rights are social, economic and political constructs that are continuously contested, with huge implications …

Dairy Trade Liberalization Impacts In Canada, Abdessalem Abbassi, Olivier Bonroy, Jean-Philippe Gervais

abdessalem abbassi

Supply management in Canada is facing broad trade liberalization pressures. This paper uses a spatial equilibrium trade model to simulate the impacts of various trade liberalization scenarios in the Canadian dairy industry. The results critically hinge on the relationship between increased market access and the market sharing quota (MSQ) at the farm level. Two different MSQ decision rules are simulated: (i) global output at the farm level remains unchanged following liberalization; and (ii) the MSQ is reduced to support the unit production quota rent at its preliberalization level. The results show that if the MSQ is held constant following a …

Openness, Lobbying, And Provision Of Infrastructure, Ujjayant N. Chakravorty, Joy Mazumder

Ujjayant Chakravorty

Casual empirical evidence suggests that infrastructure provision is higher in economies that are open to world trade. We develop a model of imperfect competition to show that open economies are likely to provide more infrastructure than closed economies. If infrastructure is financed by taxing a producer lobby, the open economy will overprovide while the closed economy will underinvest; an open economy approaches optimal provision when this lobby group is small in size. If financing of infrastructure is done by taxing the whole population, the closed-economy outcome may be preferred relative to that of the open economy.

Comparative Evaluation Of Fisheries Policies In Denmark, Iceland And Norway: Multispecies And Stochatic Issues, Sveinn Agnarsson, Ragnar Arnason, Karen Johannsdottir, Lars Ravn-Jonsen, Leif K. Sandal, Stein I. Steinshamn, Niels Vestergaard

Niels Vestergaard

The aim of the project has been twofold: 1) to quantify the stochastic process producing this uncertainty for certain important fish stocks and 2) to further develop a method for determining optimal harvest quotas within the framework of a multi-species model, and, by this, implement the model in practice for the purpose of performing a comparative study of the fisheries in three Nordic countries: Denmark, Iceland and Norway. The harvesting (total allowable catch) policies for the cod and cap-elin/herring fisheries in these countries are compared. Indicators for stock overexploitation and harvest overexploitation are developed.

The Economics Of Place-Making Policies, Joshua D. Gottlieb, Edward L. Glaeser

Joshua D. Gottlieb

Payment For Environmental Services: A Comparison Of Us And Eu Agri-Environmental Policies, Kathy Baylis, Stephen Peplow, Gordon Rausser, Leo Simon

Kathy Baylis

Agri-environmental policies (AEPs) in the United States and the European Union are examples of payments for environmental services that pay farmers to reduce the negative externalities of agricultural production, while serving as a means to transfer public funds to farmers. We show that despite similar origins, AEPs in the two regions differ both in their specific objectives and in their implementation. For example, AEPs in most member states of the EU-15 have the additional objective of using agriculture as a driver for rural development. This objective is achieved by compensating farmers for the private delivery of positive public goods, such …

Democracy Autocracy And Macroeconomic Performance In Pakistan, Nasir Iqbal, Sardar Javaid Iqbal Khan, Muhammad Irfan Chani

Muhammad Irfan Chani

Pakistan showed a healthy growth rate of 5.6 percent during the entire history and faced many ups and downs in economic growth due to dramatic changes in political regimes. The literature shows mixed results regarding the impact of autocracy or democracy on economic growth. The aggregate growth of the economy under autocracy remained better as compared to democratic period. Financial indicators show consistent path through out the history of Pakistan. Different trade policies are designed in different regime to run the external sector and the impact of each policy was different.