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Business, Economics, Finance and Accounting	50%

Selected Abstracts

THE EFFECTS OF THE 1.03 MILLION YEN CEILING IN A DYNAMIC LABOR SUPPLY MODEL

CONTEMPORARY ECONOMIC POLICY, Issue 2 2009
YUKIKO ABE
In this paper I examine the effects of a means-tested transfer system in Japan ("1.03 million yen ceiling") in a dynamic labor supply model with endogenous retirement. In Japan, married women have reason to limit their annual earnings to no more than 1.03 million yen in order to receive a number of benefits available to low-income wives, and in fact often choose to do so. In a dynamic model, the optimal labor supply schedule follows a pattern that is not seen in a static framework, which I call the "spillover effect." The paper also examines the properties of dynamic welfare cost of this ceiling. (JEL J22, H24, H55) [source]

Exploring strategic priorities for regional agricultural R&D investments in East and Central Africa

AGRICULTURAL ECONOMICS, Issue 2 2010
Liangzhi You
O13; O32; O55; Q16 Abstract The 11 countries of East and Central Africa have diverse but overlapping agroclimatic conditions, and could potentially benefit from spillovers of agricultural technology across country borders. This article uses high-resolution spatial data on actual and potential yields for 15 major products across 12 development domains to estimate the total benefits available from the spread of new agricultural technologies around the region. Market responses and welfare gains are estimated using the,Dynamic Research Evaluation for Management,model, taking account of current and future projections of local and international demand. Results suggest which crops, countries, and agroclimatic regions offer the largest total benefits. Downloadable data and program files permit different assumptions and additional information to be considered in the ongoing process of strategic priority setting. [source]

Contrasting Functional Performance of Juvenile Salmon Habitat in Recovering Wetlands of the Salmon River Estuary, Oregon, U.S.A.

RESTORATION ECOLOGY, Issue 3 2002
Ayesha Gray
Abstract For an estuarine restoration project to be successful it must reverse anthropogenic effects and restore lost ecosystem functions. Restoration projects that aim to rehabilitate endangered species populations make project success even more important, because if misjudged damage to already weakened populations may result. Determining project success depends on our ability to assess the functional state or "performance" and the trajectory of ecosystem development. Mature system structure is often the desired "end point" of restoration and is assumed to provide maximum benefit for target species; however, few studies have measured linkages between structure and function and possible benefits available from early recovery stages. The Salmon River estuary, Oregon, U.S.A., offers a unique opportunity to simultaneously evaluate several estuarine restoration projects and the response of the marsh community while making comparisons with a concurring undiked portion of the estuary. Dikes installed in three locations in the estuary during the early 1960s were removed in 1978, 1987, and 1996, creating a "space-for-time substitution" chronosequence. Analysis of the marsh community responses enables us to use the development state of the three recovering marshes to determine a trajectory of estuarine recovery over 23 years and to make comparisons with a reference marsh. We assessed the rate and pattern of juvenile salmon habitat development in terms of fish density, available prey resources, and diet composition of wild juvenile Oncorhynchus tshawytscha (chinook salmon). Results from the outmigration of 1998 and 1999 show differences in fish densities, prey resources, and diet composition among the four sites. Peaks in chinook salmon densities were greatest in the reference site in 1998 and in the youngest (1996) site in 1999. The 1996 marsh had higher densities of chironomids (insects; average 864/m2) and lower densities of amphipods (crustaceans; average 8/m3) when compared with the other sites. Fauna differences were reflected in the diets of juvenile chinook with those occupying the 1978 and 1996 marshes based on insects (especially chironomids), whereas those from the 1987 and reference marshes were based on crustaceans (especially amphipods). Tracking the development of recovering emergent marsh ecosystems in the Salmon River estuary reveals significant fish and invertebrate response in the first 2 to 3 years after marsh restoration. This pulse of productivity in newly restored systems is part of the trajectory of development and indicates some level of early functionality and the efficacy of restoring estuarine marshes for juvenile salmon habitat. However, to truly know the benefits consumers experience in recovering systems requires further analysis that we will present in forthcoming publications. [source]

Biofuels and indirect land use change effects: the debate continues

BIOFUELS, BIOPRODUCTS AND BIOREFINING, Issue 3 2009
John A. Mathews
Abstract While debate on biofuels and bioenergy generally has sparked controversy over claimed greenhouse gas emissions benefits available with a switch to biomass, these claims have generally not taken into account indirect land use changes. Carbon emissions from land that is newly planted with biocrops, after land use changes such as deforestation, are certainly real , but efforts to measure them have been presented subject to severe qualifi cations. No such qualifications accompanied the paper by Searchinger et al. published in Science in February 2008, where the claim was made that a spike of ethanol consumption in the USA up to the year 2016 would divert corn grown in the USA and lead to new plantings of grain crops around the world to make up the shortfall, resulting in land use changes covering 10.8 million hectares and leading to the release of 3.8 billion tons of greenhouse gas emissions in terms of CO2 equivalent. These emissions, the paper argued, would more than offset any savings in emissions by growing biofuels in the first place; in fact they would create a ,carbon debt' that would take 160 years to repay. Such criticism would be devastating, if it were valid. The aim of this perspective is to probe the assumptions and models used in the Searchinger et al. paper, to evaluate their validity and plausibility, and contrast them with other approaches taken or available to be taken. It is argued that indirect land use change effects are too diffuse and subject to too many arbitrary assumptions to be useful for rule-making, and that the use of direct and controllable measures, such as building statements of origin of biofuels into the contracts that regulate the sale of such commodities, would secure better results. © 2009 Society of Chemical Industry and John Wiley & Sons, Ltd [source]