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Quota Allocation (quota + allocation)

Distribution by Scientific Domains

Business, Economics, Finance and Accounting	75%

Selected Abstracts

Towards a More Rational IMF Quota Structure: Suggestions for the Creation of a New International Financial Architecture

DEVELOPMENT AND CHANGE, Issue 3 2000
Raghbendra Jha
The authors of this article argue that, in the absence of a well-founded quota formula, the very basis of the creation of the IMF as an institution at the centre of international financial arrangements was flawed; that there is no clear rationale for the determinants of quota structures and their weighting scheme; and that the quota allocation as an instrument seeks to target too many objectives. As a result, large and arbitrary cross-country variations exist in the relative impact of different determinants on the quota shares of different countries. The quota formulas therefore need to be reviewed and an alternative approach evolved, in which emphasis is placed on the size of the economy rather than its openness, along with efficiency parameters. The authors suggest some principles which might underpin redefined quota structures in support of a new financial architecture. They provide illustrative calculations using India as a case study, and trace the impact of the redefined quota structures against the backdrop of the impact of the Eleventh General Review on India's quota position. [source]

The importance of weighted variables to OPEC's production quota allocation

OPEC ENERGY REVIEW, Issue 2 2003
Mahmoud Al-Osaimy
The objective of this paper is to estimate a weighted variables formula that could be used to calculate OPEC quota distribution. Instead of assigning an arbitrary weight to each of the selected variables included in the formula, we estimate weights based on historical data, using regression analysis. Six national characteristics of OPEC Member Countries, related to oil and socio-economic factors, are considered in the estimation. Time-series are used from 1982 to 2001, for each OPEC Member Country. The results show that the estimated weights are sensitive to the periods considered in the analysis, as well as the number of variables selected. However, there is no specific optimum way of dealing with the sensitive, complex quota issue. [source]

Identifying and Applying a Comparative Advantage Framework in Canadian Supply-Managed Agriculture

CANADIAN JOURNAL OF AGRICULTURAL ECONOMICS, Issue 2 2008
Michael Katz
The marketing of table eggs, broiler hatching eggs, chickens, and turkeys in Canada is limited by federal and provincial supply management (SM) legislation through production quotas. The respective national regulatory agencies in each of these industries allocate, among the provinces, growth in national quotas called "overbase." Federal legislation stipulates that the allocation of overbase among provinces must take into account the principle of comparative advantage (CA) of production. None of the agencies pertaining to the feather industry has ever identified and applied CA in national quota allocation decisions. To fill this void, we modify the revealed comparative advantage approach developed by Balassa and Bowen to identify CA and develop a provincial agricultural CA index to assign overbase allocations among provinces. Overbase quota allocations should shift toward the agriculturally intensive Prairie provinces that have a CA in the Canadian feather industry and away from the nonagricultural industry-intensive provinces. Our method of SM overbase quota allocation is consistent with the objectives of Canadian SM legislation. Au Canada, la commercialisation des æufs de consommation, des æufs d'incubation de poulet de chair, du poulet et du dindon est régie par un régime de gestion de l'offre encadré par des lois fédérales et provinciales. Chaque organisme de réglementation national divise, entre les provinces, la croissance des contingents nationaux appelés ,contingent supplémentaire,. La loi fédérale stipule que l'attribution des contingents supplémentaires entre les provinces doit tenir compte du principe d'avantage comparatif en matière de production. Aucun des organismes du secteur de la volaille n'a déterminé l'avantage comparatif ni ne l'a appliqué dans les décisions d'attribution des contingents nationaux. Pour combler cette lacune, nous avons modifié la méthode de ,l'avantage comparatif révélé,élaborée par Balassa (1965) et Bowen (1983; 1985; 1986) pour déterminer l'avantage comparatif et établir un index des avantages comparatifs agricoles provinciaux pour l'attribution des contingents supplémentaires entre les provinces. L'attribution des contingents supplémentaires devrait être dirigée vers les provinces des Prairies très agricoles qui ont un avantage comparatif dans le secteur canadien de la volaille et devrait être écartée des provinces moins agricoles. Notre méthode d'attribution des contingents supplémentaires concorde avec les objectifs de la loi canadienne sur la gestion de l'offre. [source]