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Всего публикаций в данном разделе: 78


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5 A B C D E F G H I J K L M N O P Q R S T U V W XY Z

Опубликовано на портале: 01-09-2003
Alberto Alesina, Nouriel Roubini, Jerald D. Cohen
New York: MIT Press, 2002
This book examines how electoral laws, the timing of election, the ideological orientation of governments, and the nature of competition between political parties influence unemployment, economic growth, inflation, and monetary and fiscal policy. The book presents both a thorough overview of the theoretical literature and a vast amount of empirical evidence.
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Опубликовано на портале: 30-11-2003
Maria del Carmen Almansa-Saez, Javier Calatrava-Requena
The methodology used for Economic Valuation of the Externalities generated by the Watershead Restoration and Erosion Control Projects in the Hydrographic Basins of the Mediterranean Slope, is based on the Replacement Cost Method. Environmental Economics, however, today offer us other methodological possibilities, whose application to the valuation of this type of project may prove to be of interest. It is the case of the Contingent Valuation Method used for the evaluation of the effects of the Watershead Restoration and Erosion Control Projects of the Aljibe Basin (Almería) Spain, presented here. The results obtained show that, in this case study, application of Contingent Valuation ascribes greater social profitability of the project, with 5.23 % of IRR (Internal Rate of Return), compared to the value obtained using classic methodology of 2.25%, thus enabling us to draw closer to the true socio-environmental value of this type of project. In any case, both possibilities rather than alternatives can be considered as complementary, by focusing on the valuation from different perspectives.
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Опубликовано на портале: 27-07-2004
This paper documents the evidence for a productivity based model of the dollar/euro real exchange rate over the 1985-2001 period. Authors estimate cointegrating relationships between the real exchange rate, productivity, and the real price of oil using the Johansen (1988) and Stock-Watson (1993) procedures. They find that each percentage point in the US-Euro area productivity differential results in a five percentage point real appreciation of the dollar. This finding is robust to the estimation methodology, the variables included in the regression, and the sample period. Authors conjecture that productivity-based models cannot explain the observed patterns with the standard set of assumptions, and describe a case in which the model can be reconciled with the observed data.
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Опубликовано на портале: 28-11-2003
Miriam E. Berges, Karina S. Casellas
The purpose of this paper is to provide some microeconomics tools to discuss and evaluate public policies that imply transfers of income from the public sector to the poor and their impact on their food demand and calories and nutrient intakes. This study is concerned with the differences in subsistence expenditures, own-price elasticities and income elasticities for two households groups segmented by income: those people below the poverty guideline and those above it. The attention of our research is focused on a demand system for all food groups included in a National Consumption Survey and examines the household food consumption behavior by partitioning the sample. A complete system of demand equations, the Linear Expenditure System (LES), has been used due to its relative empirical expediency. Some additional econometric techniques to correct the bias in the parameter estimates were also applied because of the large number of zero observations in the data. Preliminary estimations following the procedure suggested in the Park et al. (1996) paper, gave some results that they were not as good as we expected and we finally use an alternative one based on Shonkwiler and Yen (1999).
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Опубликовано на портале: 20-01-2003
David Bevan, Paul Collier, Jan Willem Gunning
New York: Oxford University Press, 1994
This book, a companion volume to Peasants and Governments by the same authors (OUP, 1990), develops macroeconomic theory for small open economies which are characterized by the sort of restrictions which make much of existing neoclassical economics inapplicable to developing countries. The applicability of this theory is demonstrated in an analysis of two temporary trade shocks in Africa.
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Опубликовано на портале: 26-02-2003
Richard Blundell, Dias Monica Costa, Costas Meghir, John Van Reenen
Cтатья посвящена оценке государственной программы "Новое предложение для безработной молодежи"по содействию занятости в Англии на основе данных панельного исследования 1982 - 1999 гг.
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Опубликовано на портале: 29-03-2005
Andrea Bonfiglio, Emilio Chiodo
The objective of this paper is to evaluate the overall impact produced by the application of European development policies for rural areas of the Italian Marche region for the period 2000-2003. Towards this aim, the input-output approach is adopted. A Marche regional I-O table is firstly constructed using a hybrid method. To evaluate the overall impact throughout the territory, two models are developed and applied recursively: an interregional I-O model and a gravity model. As for the former, sub-interregional I-O tables are constructed, where the regions under study are, on one hand, the functional area receiving funds and, on the other hand, the rest of the Marche region. The gravity model is instead used to allocate among the other areas the impact calculated for the rest of the region. To show how the impact is distributed among regional areas, a Geographical Information System is used. The paper concludes illustrating the main results in terms of overall impact generated by policy and providing some considerations related to policy effectiveness.
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Опубликовано на портале: 29-11-2003
Zohra Bouamra-Mechemache, Jean-Paul Chavas, Tom Cox, Vincent Requillart
In a period of market liberalization and multilateral trade negotiations, price discrimination for commodities with distinct markets provides additional policy options to support farm income. While both the USA and Canada have implemented price discrimination policies in their domestic dairy sector, so far the European Union (EU) has not. This paper evaluates the options of developing a price discrimination policy in the EU dairy sector. The analysis is based on an interregional model of the EU dairy sector, involving milk production, dairy processing, and consumption of ten dairy commodities in nine regions.

The paper shows that a price discrimination policy that increases prices for commodities with more inelastic demand (fluid milk, soft dairy products) would generate income that can be redistributed to dairy farmers. The results suggest that, while such a price discrimination policy can be a WTO compatible way to support dairy farm income, the efficiency of the associated income transfers declines in the presence of significant supply response.
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Опубликовано на портале: 07-10-2008
Luis M B Cabral
Cambridge, Mass: MIT Press, 2000, 368 с.
Over the past twenty years, the study of industrial organization--the analysis of imperfectly competitive markets--has grown from a niche area of microeconomics to a key component of economics and of related disciplines such as finance, strategy, and marketing. This book provides an issue-driven introduction to industrial organization. It includes a vast array of examples, from both within and outside the United States. While formal in its approach, the book is written in a way that requires only basic mathematical training. Supplemental materials posted on the Web make more extensive use of algebra and calculus.
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Опубликовано на портале: 28-11-2003
Javier Calatrava-Leyva, Alberto Garrido
Water availability in semiarid regions usually exhibits patterns of extreme variability. Even in intensively controlled basins, some users are subject to low levels of water reliability, and more vulnerable to periods of extreme scarcity. To reduce their risk exposure more flexible instruments, such as voluntary exchanges of water among users, are required. Recent changes in the Spanish water Law have given an initial impulse to allow for leases of water use rights. Properly designed and monitored, this instrument provides some flexibility to water management, and may increase the economic use efficiency as well as mitigate the adverse economic effects of droughts.

This paper looks at the risks and uncertainty dimensions of water markets, which have not been paid much attention in the literature. It analyses, from theoretical and empirical standpoints, the role that uncertainty plays in market participants’ decisions and its impact on gains from trade. Two models have been developed to carry out the empirical application. One is a stochastic and two-stage discreet programming model which simulates irrigators behaviour and the other is a spatial equilibrium model to compute market exchange and equilibrium. Water market price endogeneity is solved by an iterative process, which characterise price uncertainty from the results obtained from the spatial equilibrium model. Hydrological risk is characterised at the irrigation farm level through the variation of the water allowances served for irrigation. The application is performed on eleven irrigated farms in a district of the Guadalquivir Valley (Southern Spain). It is shown how water availability uncertainty reduces farmers’ benefits because of the fact that they must take ex – ante decisions. However, if market participation is allowed once water allowances become known, even at an uncertain price, the benefit losses are partly mitigated. From a methodological standpoint, these results suggest that the agricultural water market benefits estimates found in the literature may be undervalued as a result of omitting the option to participate in the market in the mix of possible strategies. Exchanging water in annual spot markets allows for the reduction of farmers’ economic vulnerability caused by the variability and uncertainty of water supply within an irrigation season.
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Опубликовано на портале: 30-12-2003
Javier Calatrava-Leyva, Alberto Garrido
Durban, 2003
Water availability in semiarid regions commonly exhibits patterns of extreme variability. Even in basins with large infrastructure development, some users are subject to low levels of water reliability, incurring economic losses during periods of scarcity. More flexible instruments, such as voluntary exchanges of water among users, may help users reduce their risk exposure. Recent changes in the Spanish water Law have given an initial impulse to allow for lease-out contracts of water use rights. This paper analyses, from theoretical and empirical standpoints, the effect that establishing water markets has on the economic risk caused by water availability variations.

The empirical study is performed on an irrigation district of the Guadalquivir Valley (Spain) with fair levels of average water availability but a high probability of periods of extreme scarcity. A non-linear programming model is used to simulate irrigators’ behaviour and derive water demand functions. Another spatial equilibrium model is used to compute market exchange and equilibrium. These programming models are combined with statistical simulation techniques. It is shown that the probability distribution of profits for a representative irrigator is modified if water exchanges are authorised, resulting in unambiguous risk reductions. Results also suggests that if the market would be extended to several irrigation districts and users, each characterised by different hydrological risk exposure, the occurrence of extremely low benefits events would become more unlikely. In sum, it is shown that exchanging water in annual spot markets allows for the reduction of farmers’ economic vulnerability caused by the variability of water supply across irrigation seasons.
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Fear of Floating [книги]
Опубликовано на портале: 13-08-2007
Guillermo A. Calvo, Carmen M. Reinhart
In recent years, many countries have suffered severe financial crises, producing a staggering toll on their economies, particularly in emerging markets. One view blames fixed exchange rates-- soft pegs'--for these meltdowns. Adherents to that view advise countries to allow their currency to float. Authors analyze the behavior of exchange rates, reserves, the monetary aggregates, interest rates, and commodity prices across 154 exchange rate arrangements to assess whether official labels' provide an adequate representation of actual country practice. Authors find that, countries that say they allow their exchange rate to float mostly do not--there seems to be an epidemic case of fear of floating.' Since countries that are classified as having a free or a managed float mostly resemble noncredible pegs--the so-called demise of fixed exchange rates' is a myth--the fear of floating is pervasive, even among some of the developed countries. Paper presents an analytical framework that helps to understand why there is fear of floating.

Опубликовано на портале: 02-09-2003
Guillermo A. Calvo, Carlos A. Vegh
High and persistent inflation has been one of the distinguishing macroeconomic characteristics of many developing countries since the end of World War II. Countries afflicted by chronic inflation, however, have not taken their fate lightly and have engaged in repeated stabilization attempts. More often than not, stabilization plans have failed. The end of stabilizations -- particularly those which rely on a pegged exchange rate -- has often involved dramatic balance of payment crises. As stabilization plans come and go, a large literature has developed trying to document the main empirical regularities and understand the key issues involved. This paper undertakes a critical review and evaluation of the literature related to inflation stabilization policies and balance of payment crises in developing countries.

Опубликовано на портале: 20-08-2007
Rondo Cameron
Москва: Российская политическая энциклопедия (РОССПЭН), 2001, cерия "Экономическая история: Документы, исследования, переводы", 544 с.
Книга известного американского экономического историка раскрывает перед читателем широкую картину экономической деятельности человечества на протяжении тысячелетий его известной истории. В научно строгой, но в то же время яркой и доступной манере излагаются главные вехи экономической истории основных регионов мира, выделяются и интерпретируются ключевые черты и тенденции экономической эволюции на протяжении различных исторических периодов. Книга снабжена обширной аннотированной библиографией. Книга адресована профессиональным историкам и экономистам, студентам, изучающим исторические и экономические дисциплины, а также всем интересующимся экономической историей человечества
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Опубликовано на портале: 30-08-2005
John L. Campbell
Princeton: Princeton University Press, 2004
This book is about institutional change, how to recognize it, when it occurs, and the mechanisms that cause it to happen. It is the first book to identify problems with the "new institutional analysis," which has emerged as one of the dominant approaches to the study of organizations, economic and political sociology, comparative political economy, politics, and international relations. The book confronts several important problems in institutional analysis, and offers conceptual, methodological, and theoretical tools for resolving them. It argues that the paradigms of institutional analysis--rational choice, organizational, and historical institutionalism--share a set of common analytic problems. Chief among them: failure to define clearly what institutional change is; failure to specify the mechanisms responsible for institutional change; and failure to explain adequately how "ideas" other than self-interests affect institutional change. To demonstrate the utility of his tools for resolving the problems of institutional analysis, Campbell applies them to the phenomenon of globalization. In doing so, he not only corrects serious misunderstandings about globalization, but also develops a new theory of institutional change. This book advances the new institutional analysis by showing how the different paradigms can benefit from constructive dialogue and cross-fertilization.
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