EU climate policy impact in 2020. With a focus on the effectiveness of emissions trading policy in an economic recession scenario

International Nuclear Information System (INIS)

Graus, W.; Sreenivasamurthy, U.; Wesselink, B.

2009-06-01

PBL's Environmental Balance 2009 provides information on the current status and trends of environmental and climate policies. Ecofys contributes to the climate policy section of the report by developing the following three indicators: (1) ex-post and ex-ante policy impacts until 2020 at EU level (wedge diagram); (2) business-as-usual emissions of EU ETS sectors until 2020, revised for the current economic recession; (3) a latest literature review of EUA (EU emission allowances) price band expected until 2020. Based on the latter two analyses, a brief note on the impact of the current economic recession on the effectiveness of the EU emission trading scheme until 2020 is presented.An economic recession of two years or longer will considerably decrease the effectiveness of the Emissions Trading Scheme (ETS) in stimulating low-carbon technologies. In order to meet EU climate targets in the longer term, new governmental policies will be needed to compensate for this.

Economic, welfare and environmental impact of feed-in tariff policy: A case study in Iran

International Nuclear Information System (INIS)

Tabatabaei, Sharareh Majdzadeh; Hadian, Ebrahim; Marzban, Hossein; Zibaei, Mansour

2017-01-01

Following a particular attention given to environmental issues over the last few decades, establishing proper developmental policies to increase electricity production from renewable energy (RE) has not only been an important issue but also a challenge for many countries. Feed-in Tariff (FIT) Policy is one of the tools that is being used to facilitate the development of RE. This research evaluated the economic, welfare and environmental impact of this policy on Iran's economy. Therefore, after developing an Economic-Energy-Environmental (E3) type of Hybrid General Equilibrium model, the effect of FIT policy was examined under different scenarios in order to find an optimal condition in which 10% of electrical energy could be produced from renewable resources. The comparison between the results showed that the application of subsidies to RE and the way the government finances these subsidies can affect the results of FIT policy. Meanwhile, regardless of the role considered for the impact of environmental factors, our policies under the scenario of technology neutral is the most efficient, as it has less impact on the decline of GDP of different sectors and also has less financial cost for government. - Highlights: • E3 type of Hybrid CGE model is used under two different financing policies. • Technology neutral and technology specific scenarios are applied to these policies. • Results show the effect of our policies and scenarios on the efficiency of FIT policy. • This efficiency comes from the impact on GDP balance and government's financial cost. • The results show that, the scenario of technology neutral is the most efficient.

Contribution to the economic impact assessment of policy options to regulate animal cloning for food production with an economic simulation model

OpenAIRE

Koen Dillen; Emanuele Ferrari; Pascal Tillie; George Philippidis; Sophie Helaine

2013-01-01

The EU is currently evaluating different policy options towards the use of cloning or products derived from cloned animals in the food chain. This study presents a first attempt to quantify the likely effects of different policy scenarios on international trade and EU domestic production. In the context of the Impact Asessment process the JRC was requested to simulate via a modelling study the economic impact of selected policy options. Based on a literature review and the specific constra...

Photovoltaic power: public policies and economic impacts. The French choices in the international context (1973-2013)

International Nuclear Information System (INIS)

Ricaud, Alain

2013-01-01

This article summarizes 40 years of international public policies in favour of solar cells development and deployment with their economic impacts: strengths and weaknesses of solar energy and its societal impact; French R and D, financial support, competition and national energy policy; the US pioneering role; the Japanese take over; the German example; the European Union federating role; the Chinese leading position

Photovoltaic power: public policies and economic impacts. The French choices in the international context 1973-2013

International Nuclear Information System (INIS)

Ricaud, Alain

2013-06-01

This article summarizes 40 years of international public policies in favour of solar cells development and deployment with their economic impacts: strengths and weaknesses of solar energy and its societal impact; French R and D, financial support, competition and national energy policy; the US pioneering role; the Japanese take over; the German example; the European Union federating role; the Chinese leading position

The Development of a Multisource and a Systematized Database for Economic and Policy Impact Analysis

Directory of Open Access Journals (Sweden)

Ec. Filippo Oropallo

2007-02-01

Full Text Available ISTAT is involved in various EU projects with the objective of "supporting the Lisbon objectives, EU governance and the process of national policy coverage with the best EU-wide and national policy impact and evaluation analyses". Existing knowledge on policy impact analyses is approximate. The "facts" on the impact of policies are charted only at the aggregate level and with a high degree of approximation. Macro indicators have well-known pitfalls and drawbacks. Understanding how policies affect economic performance and developing better indicators to gauge their effects is central to endow the EU with a set of efficient and fair policies. The gap in European knowledge and capacity for Policy Impact Analysis is patent. The DIECOFIS EU-FP5 project has taken up the challenge of reducing this gap in the field of taxation. Results have been quite encouraging and have open new vistas for future work. Particularly notable has been the development of a system of micro-founded indicators, based on factuals and counterfactuals, estimated through micro-simulation models. This has led to the current utilization of such a tool in the ex-ante microsimulation of the effects of several reforms of corporate taxation

Carbon taxes and tradeable emissions permits: the economic impacts of climate change policies in New Zealand

Energy Technology Data Exchange (ETDEWEB)

Chisholm, A.; Porter, M. [Tasman Institute (Australia)

1994-12-31

Examines the potential economic impacts on New Zealand of climate change policy covering carbon taxes, expanding forest areas as carbon sinks (including selling plantation based emission credits to other OECD nations), and emissions quotas. It is concluded that climate change policy appears to offer high short-term economic costs and little prospect of longer-term economic gain, apart from uncertain environmental benefits. If the Government pursues an active policy to stabilise gross emissions of carbon dioxide at 1990 levels, short term losses in national output and real spending power could be around 0.5 to 1% of GDP. Any major intervention by the New Zealand Government to alter energy use patterns would bring about structural changes in the economy. 4 tabs., 12 refs.

Economic impact analysis of natural gas development and the policy implications

International Nuclear Information System (INIS)

De Silva, P.N.K.; Simons, S.J.R.; Stevens, P.

2016-01-01

In the US, the shale gas revolution ensured that the development costs of unconventional natural gas plummeted to the levels of $2–3/Mcf. This success has motivated the development of shale gas in other regions, including Australia and Europe. This study, focussing primarily on aspects of economic impact analysis, estimates the development costs of shale gas extraction in both Australia and Europe, based on both direct and fiscal costs, and also suggests policy initiatives. The increasing liquefied natural gas (LNG) developments in Australia are already straining domestic gas supplies. Hence, the development of more natural gas resources has been given a high priority. However, a majority of the Australian shale resources is non-marine in origin and significantly different to the marine-type shales in the US. In addition, the challenges of high development costs and the lack of infrastructure, service capacity and effective government policy are inhibiting shale gas development. Increasing the attractiveness of low risk investment by new, local, developers is critical for Australian shale gas success, which will simultaneously increase domestic gas security. In the European context, unconventional gas development will be challenged by direct, rather than fiscal costs. High direct costs will translate into average overall gas development costs over $13/Mcf, which is well over the existing market price. - Highlights: • The shale gas development potential of US, Europe and Australia are compared. • An economic impact analysis of shale gas development in Europe and Australia. • Factors important for shale gas development are discussed. • Policy pathways are suggested for shale gas development

ECONOMIC EFFECTS OF ENERGY POLICIES

Directory of Open Access Journals (Sweden)

Mihaela ȘTEȚ

2014-12-01

Full Text Available This paper highlights some of the issues raised by the implementation of energy policies and the fiscal measures in the energy sector and it aims to identify the impact of energy policies at regional level. It is emphasized, along with the environmental impact of the use of renewable resources and economic and social effects on sustainable regional development which can generate state intervention through direct and indirect, financial and non-financial instruments. Given the complex energy profile of Romania, the paper reveals also, the problems that have had to face in the last two decades and the impact of energy policies of Romanian governments. The research is based on an analysis of statistics, publications in energy sector, as well as primary and specific legislation.

The Employment Impact of Poland’s Special Economic Zones Policy

DEFF Research Database (Denmark)

Jensen, Camilla

2018-01-01

>gminas (communes) more likely to be negatively affected by the economic transition. A significant and positive effect of the policy on employment is documented, but with some negative spillovers at the policy level as zones start to spread rapidly. Accounting for covariates, timing, policy spillovers and reducing......In 1994, Poland launched a special economic zones experiment to maintain employment structures outside the major cities. Using difference-in-difference estimations, this paper evaluates whether the policy has been successful in its primary objective, which is to sustain employment in

Temperature impacts on economic growth warrant stringent mitigation policy

Science.gov (United States)

Moore, Frances C.; Diaz, Delavane B.

2015-02-01

Integrated assessment models compare the costs of greenhouse gas mitigation with damages from climate change to evaluate the social welfare implications of climate policy proposals and inform optimal emissions reduction trajectories. However, these models have been criticized for lacking a strong empirical basis for their damage functions, which do little to alter assumptions of sustained gross domestic product (GDP) growth, even under extreme temperature scenarios. We implement empirical estimates of temperature effects on GDP growth rates in the DICE model through two pathways, total factor productivity growth and capital depreciation. This damage specification, even under optimistic adaptation assumptions, substantially slows GDP growth in poor regions but has more modest effects in rich countries. Optimal climate policy in this model stabilizes global temperature change below 2 °C by eliminating emissions in the near future and implies a social cost of carbon several times larger than previous estimates. A sensitivity analysis shows that the magnitude of climate change impacts on economic growth, the rate of adaptation, and the dynamic interaction between damages and GDP are three critical uncertainties requiring further research. In particular, optimal mitigation rates are much lower if countries become less sensitive to climate change impacts as they develop, making this a major source of uncertainty and an important subject for future research.

RUSSIAN FOREIGN POLICY - INTERESTS VECTORS AND ECONOMIC IMPACT

Directory of Open Access Journals (Sweden)

ANDREEA – EMANUELA DRǍGOI

2015-12-01

Full Text Available In recent decades, Russia's foreign policy was shaped by both a number of internal factors (government strategy, political elites, culture, economics and demography and external ones (international treaties, changes in the structure of the international power balance. In the post-soviet era Russian foreign policy was radically different from that of other major economic powers. One of the factors that influenced decisively Russia’s external strategies was the collapse of the USSR as a superpower (phenomenon described by the president Vladimir Putin as "the most powerful geo-political catastrophe of the XXst century". The shift from the former communist regime (a totalitarian one to an authoritarian oligarchy (the current regime was followed by the transition to a market economy, a phenomenon that coincided with Russia’s military and political diminished influence in the international arena. Our research aims to assess the main interest vectors that shaped Russian Foreign Policy considering the main events that constitute milestones: Russia’s emerging as a great energy power, the Crimean crisis and Western international economic sanctions that followed. Our paper will base the main assumption on a joint analysis both qualitative and quantitative, using main international economic indicators (GDP, FDI flows, trade flows, general government balance and general gross debt and the most relevant approaches in the literature in the field.

Economic and policy implications of pandemic influenza.

Energy Technology Data Exchange (ETDEWEB)

Smith, Braeton J.; Starks, Shirley J.; Loose, Verne W.; Brown, Theresa Jean; Warren, Drake E.; Vargas, Vanessa N.

2010-03-01

Pandemic influenza has become a serious global health concern; in response, governments around the world have allocated increasing funds to containment of public health threats from this disease. Pandemic influenza is also recognized to have serious economic implications, causing illness and absence that reduces worker productivity and economic output and, through mortality, robs nations of their most valuable assets - human resources. This paper reports two studies that investigate both the short- and long-term economic implications of a pandemic flu outbreak. Policy makers can use the growing number of economic impact estimates to decide how much to spend to combat the pandemic influenza outbreaks. Experts recognize that pandemic influenza has serious global economic implications. The illness causes absenteeism, reduced worker productivity, and therefore reduced economic output. This, combined with the associated mortality rate, robs nations of valuable human resources. Policy makers can use economic impact estimates to decide how much to spend to combat the pandemic influenza outbreaks. In this paper economists examine two studies which investigate both the short- and long-term economic implications of a pandemic influenza outbreak. Resulting policy implications are also discussed. The research uses the Regional Economic Modeling, Inc. (REMI) Policy Insight + Model. This model provides a dynamic, regional, North America Industrial Classification System (NAICS) industry-structured framework for forecasting. It is supported by a population dynamics model that is well-adapted to investigating macro-economic implications of pandemic influenza, including possible demand side effects. The studies reported in this paper exercise all of these capabilities.

The impact of economic globalisation on health.

Science.gov (United States)

Koivusalo, Meri

2006-01-01

The analysis of the impact of economic globalisation on health depends on how it is defined and should consider how it shapes both health and health policies. I first discuss the ways in which economic globalisation can and has been defined and then why it is important to analyse its impact both in terms of health and health policies. I then explore the ways in which economic globalisation influences health and health policies and how this relates to equity, social justice, and the role of values and social rights in societies. Finally, I argue that the process of economic globalisation provides a common challenge for all health systems across the globe and requires a broader debate on values, accountability, and policy approaches.

An economic analysis of transportation fuel policies in Brazil: Fuel choice, land use, and environmental impacts

International Nuclear Information System (INIS)

Nuñez, Hector M.; Önal, Hayri

2016-01-01

Brazil uses taxes, subsidies, and blending mandates as policy instruments to manage and stabilize its transportation fuel markets. The fuel sector has been very dynamic in recent years due to frequent policy adjustments and variable market conditions. In this paper, we use a price endogenous economic simulation model to analyze the impacts of such policy adjustments under various challenging conditions in the global ethanol and sugar markets. Our analysis specifically focuses on Brazilian producers' supply responses, consumers' driving demand and fuel choice, ethanol trade, land use, greenhouse gas emissions, and social welfare. The model results show that (i) under a low ethanol blending rate, conventional vehicles would be driven significantly less while flex-fuel and ethanol-dedicated vehicles would not be affected significantly; (ii) lowering the fuel taxes adversely affects the competitiveness of sugarcane ethanol against gasoline blends, thus lowering producers' surplus; and (iii) while a reduction in fuel taxes is advantageous in terms of overall social welfare, it has serious environmental impacts by increasing the GHG emissions from transportation fuels consumed in Brazil. - Highlights: • We examine the economic and environmental impacts of Brazilian fuel policies. • We also analyze impacts under different sugar and ethanol markets conditions. • Lowering blending rate reduces distance driven by conventional cars. • Lowering fuel tax rates affects competitiveness of ethanol against gasoline blend. • Reducing fuel tax rates has dramatic environmental impacts by increasing emissions.

Applying Behavioral Economics to Public Health Policy

Science.gov (United States)

Matjasko, Jennifer L.; Cawley, John H.; Baker-Goering, Madeleine M.; Yokum, David V.

2016-01-01

Behavioral economics provides an empirically informed perspective on how individuals make decisions, including the important realization that even subtle features of the environment can have meaningful impacts on behavior. This commentary provides examples from the literature and recent government initiatives that incorporate concepts from behavioral economics in order to improve health, decision making, and government efficiency. The examples highlight the potential for behavioral economics to improve the effectiveness of public health policy at low cost. Although incorporating insights from behavioral economics into public health policy has the potential to improve population health, its integration into government public health programs and policies requires careful design and continual evaluation of such interventions. Limitations and drawbacks of the approach are discussed. PMID:27102853

Economic Motives for Adopting LGBT-Related Workplace Policies

OpenAIRE

Sears, Brad; Mallory, Christy; Hunter, Nan

2011-01-01

The past decade has seen a large increase in the number of corporations adopting LGBT-related workplace policies.  This study evaluates the economic impact of non-discrimination and benefits policies by analyzing the extent to which economic reasons motivate corporations to adopt such policies.  This study reviews statements issued when adopting such policies by the top 50 Fortune 500 companies and the top 50 federal government contractors.  Overall, we find that almost all of top 50 Fortune ...

An Economic Model of Brazil’s Ethanol-Sugar Markets and Impacts of Fuel Policies

NARCIS (Netherlands)

Drabik, D.; Gorter, de H.; Just, D.R.; Timilsina, G.R.

2014-01-01

We develop an economic model of flex plants, export demands and two domestic fuel demand curves: E25, a 25 percent blend of ethanol with gasoline consumed by conventional cars, and E100, ethanol consumed only by flex cars. This allows us to analyze the market impacts of specific policies, namely the

Energy exporters and climate change. Potential economic impacts of climate policy

International Nuclear Information System (INIS)

Wit, R.C.N.

1997-06-01

This review paper has been written on a commission by the Royal Institute of International Affairs (RIIA) in London and is part of a project to investigate the possible impact of greenhouse gas mitigation policies on energy markets and therefore on countries exporting oil, gas and coal. The aim of the project conducted by RIIA is to achieve a better understanding of the role of energy exporters in international climate change negotiations on the road towards the second Conference of Parties in Kyoto at the end of 1997 and the underlying national strategies. All four 'economy'-oriented global model studies reviewed in this paper indicate that CO2-reduction policies would cause wide differences in welfare effects across regions. It appears that energy-exporting countries would suffer the greatest welfare losses. Although several policy instruments can be implemented to achieve CO2-emission reductions, only carbon taxes are considered in the models. The model results show that if world level CO2 emissions are approximately stabilized at their 1990 levels, the cumulative losses in GDP of energy exporters generally range between 3% and 12% by 2010. It should be strongly emphasized that the sign and magnitude of the economic impact of CO2 policy on energy exporters depend critically on how the policy instrument is designed. In the case of a carbon tax the following factors are crucial: (1) the choice between a consumption and a production tax, (2) whether it is based on a global or unilateral agreement, (3) the mode of revenue redistribution among countries and (4) whether emission trading is allowed. 27 refs

Economic impact

Energy Technology Data Exchange (ETDEWEB)

Technology Transfer Department

2001-06-01

In federal fiscal year 2000 (FY00), Berkeley Lab had 4,347 full- and part-time employees. In addition, at any given time of the year, there were more than 1,000 Laboratory guests. These guests, who also reside locally, have an important economic impact on the nine-county Bay Area. However, Berkeley Lab's total economic impact transcends the direct effects of payroll and purchasing. The direct dollars paid to the Lab's employees in the form of wages, salaries, and benefits, and payments made to contractors for goods and services, are respent by employees and contractors again and again in the local and greater economy. Further, while Berkeley Lab has a strong reputation for basic scientific research, many of the Lab's scientific discoveries and inventions have had direct application in industry, spawning new businesses and creating new opportunities for existing firms. This analysis updates the Economic Impact Analysis done in 1996, and its purpose is to describe the economic and geographic impact of Laboratory expenditures and to provide a qualitative understanding of how Berkeley Lab impacts and supports the local community. It is intended as a guide for state, local, and national policy makers as well as local community members. Unless otherwise noted, this analysis uses data from FY00, the most recent year for which full data are available.

A flexible environmental reuse/recycle policy based on economic strength.

Science.gov (United States)

Tsiliyannis, C A

2007-01-01

Environmental policies based on fixed recycling rates may lead to increased environmental impacts (e.g., landfilled wastes) during economic expansion. A rate policy is proposed, which is adjusted according to the overall strength or weakness of the economy, as reflected by overall packaging demand and consumption, production and imports-exports. During economic expansion featuring rising consumption, production or exports, the proposed flexible policy suggests a higher reuse/recycle rate. During economic slowdown a lower rate results in lower impacts. The flexible target rates are determined in terms of annual data, including consumption, imports-exports and production. Higher environmental gains can be achieved at lower cost if the flexible policy is applied to widely consumed packaging products and materials associated with low rates, or if cleaner recycling technology is adopted.

Social murder: the long-term effects of conservative economic policy.

Science.gov (United States)

Chernomas, Robert; Hudson, Ian

2009-01-01

In this article, the authors take inspiration from Engels's 1845 account of the social murder committed by British capitalists to assess the contemporary impact of conservative economic policy, which they define as policies designed to maximize the accumulation of profit while socializing the associated risks and costs. Conservative economists argue that if their policy prescription is followed, it will produce broad-based economic benefits including more rapid growth, higher incomes, less illness, and, even, more democracy. The authors contrast the myth of conservative economic policy with the reality. What conservative economic policy has actually accomplished is a redistribution of wealth and power away from the vast majority of the population to firms and their owners. The effects of these policies on citizens and workers have been socially determined economic instability, unemployment, poverty, inequality, dangerous products, and infectious and chronic disease.

Economics and obesity policy.

Science.gov (United States)

Lusk, J L

2017-06-01

This paper elucidates the challenges surrounding the economics of some popular obesity-related policy proposals. Solid economic justifications for anti-obesity policies are often lacking, and evidence suggests policies like fat and soda taxes or restrictions on food stamp spending are unlikely to substantively affect obesity prevalence. In short, many of the same factors that make obesity such a complicated and multifaceted issue extend to the economic analysis of public health policies.

The economic impact of emission peaking control policies and China's sustainable development

Directory of Open Access Journals (Sweden)

Yi Wang

2014-12-01

Full Text Available To achieve the goals of national sustainable development, the peaking control of CO2 emissions is pivotal, as well as other pollutants. In this paper, we build a Chinese inter-regional CGE model and simulate 13 policies and their combinations. By analyzing the energy consumptions, coal consumptions, relating emissions and their impacts on GDP, we found that with the structure adjustment policy, the proportion of coal in primary fossil fuels in 2030 will decrease from 53% to 48% and CO2 emissions will decrease by 11.3%–22.8% compared to the baseline scenario. With the energy intensity reduction policy, CO2 emissions will decrease by 33.3% in 2030 and 47.8% in 2050 than baseline scenario. Other pollutants will also be controlled as synergetic effects. In this study we also find that although the earlier the peaking time the better for emission amounts control, the economic costs can not be ignored. The GDP will decrease by 2.96%–8.23% under different scenarios. Therefore, integrated policy solutions are needed for realizing the peaks package and more targeted measures are required to achieve the peaks of other pollutants earlier.

The impact of environmental policy on economic indicators. Moving from global to sectoral and regional perspectives

Energy Technology Data Exchange (ETDEWEB)

Voigt, Sebastian

2013-07-01

In recent times, environmental, energy and climate policies have gained tremendously in importance. Not least, this is due to the latest research findings related to climate change and the resulting growing environmental awareness among people. However, policy approaches to combat environmental pollution and climate change differ both in their intention and in their economic impacts. For instance, command-and-control instruments such as performance or technology standards have different implications than market-based mechanisms such as permit trading of greenhouse gas emissions. Furthermore, sectoral and regional characteristics play an important role when implementing and assessing policy measures. This applies both to the attainability of the targets and to the available instruments. The present doctoral thesis addresses this point and analyzes in several essays different policy instruments and their economic effects from global, regional and sectoral perspectives. In this respect, it deals with various, often very heterogeneous question: How are specific policy types implemented in different countries? What is the CO2 abatement potential in specific regions and sectors? What policy measures can be plausibly used to exploit this potential? How can technological developments and technology-directed policy interventions contribute to improve energy efficiency? Does the promotion of certain energy sources necessarily create positive production and employment effects? To answer these and further questions, different economic methods are applied that accommodate the particular problem, where special emphasis is put on computable general equilibrium modeling. The aim of this work is to contribute to the academic and political debate on measures to combat environmental and climate problems.

The impact of environmental policy on economic indicators. Moving from global to sectoral and regional perspectives

International Nuclear Information System (INIS)

Voigt, Sebastian

2013-01-01

In recent times, environmental, energy and climate policies have gained tremendously in importance. Not least, this is due to the latest research findings related to climate change and the resulting growing environmental awareness among people. However, policy approaches to combat environmental pollution and climate change differ both in their intention and in their economic impacts. For instance, command-and-control instruments such as performance or technology standards have different implications than market-based mechanisms such as permit trading of greenhouse gas emissions. Furthermore, sectoral and regional characteristics play an important role when implementing and assessing policy measures. This applies both to the attainability of the targets and to the available instruments. The present doctoral thesis addresses this point and analyzes in several essays different policy instruments and their economic effects from global, regional and sectoral perspectives. In this respect, it deals with various, often very heterogeneous question: How are specific policy types implemented in different countries? What is the CO2 abatement potential in specific regions and sectors? What policy measures can be plausibly used to exploit this potential? How can technological developments and technology-directed policy interventions contribute to improve energy efficiency? Does the promotion of certain energy sources necessarily create positive production and employment effects? To answer these and further questions, different economic methods are applied that accommodate the particular problem, where special emphasis is put on computable general equilibrium modeling. The aim of this work is to contribute to the academic and political debate on measures to combat environmental and climate problems.

The economic policy options and their connection with inflation and unemployment

Directory of Open Access Journals (Sweden)

Bogna Kopeć

2015-04-01

Full Text Available Economic system after 1990 had many fluctuations. This article applies to two essential phenomena in a free market economy: inflation and unemployment. This article applies to changes in the process of inflation and fluctuations in the unemployment rate under different economic policy options. Economic policies can affect the development of the inflation and unemployment. It includes interest rates and budget deficits. Methodology of model is based on a pendulum. Economic policy has been designated as a synthetic indicator of the resultant two policies - monetary and fiscal policies. With the help of the pendulum model has been established that the character had run monetary and fiscal policy, and how developed as economic policy. By the dominance of one of the policy options is understood that during cycles level inflation or the deficit fluctuated strongly to economic stabilization. One of the stages of the study was to analyze the monetary policy and assess whether there is a link between the evolution of interest rates and the evolution of the inflation rate. In a similar way, fiscal policy was analyzed. This article attempts to determine whether the conduct of economic policy was correct, and has had an impact on the economic situation.

The distribution of economic impacts among rural households: A general equilibrium evaluation of regional water policies

International Nuclear Information System (INIS)

Wernstedt, K.

1991-01-01

This study focuses on the relative distribution among urban and rural household income classes on the economic impacts of two water-related policies in the Columbia River Basin in the northwestern US. The two policies involve: (1) strategies to improve downstream anadromous fish migrations currently hindered by hydropower operations; and (2) proposals to transfer water from irrigation to hydropower generation. A regional input-output model traces the economic effects of the initial demand and price changes through the entire region. The model incorporates price changes in both a short-run (all endogenous prices are fixed) and a longer-run framework based on a Cobb-Douglas representation (all prices can vary). The analysis suggests that the construction of facilities to enhance fish migration and the physical transport of fish have opposite relative effects. The former benefits rural households, while the latter benefits urban households. Electricity price increases resulting from altered hydropower operations harm middle-income rural households, in the short-run. In the longer-run, electricity price increases seem to favor relatively all rural households. Changes associated with the water transfer policy also include electricity price alterations, as well as price and demand changes for agricultural products. Rural households benefit relative to urban households from agricultural product final demand increases, and tend to lose relatively with agricultural price and demand decreases. The inclusion of secondary impacts allows decision makers to asses the income effects of a project across a wider segment of the population, while the incorporation of short-and longer-run economic frameworks allows policy makers to assess both immediate and future income changes

Economic analysis requirements in support of orbital debris regulatory policy

Science.gov (United States)

Greenberg, Joel S.

1996-10-01

As the number of Earth orbiting objects increases so does the potential for generating orbital debris with the consequent increase in the likelihood of impacting and damaging operating satellites. Various debris remediation approaches are being considered that encompass both in-orbit and return-to-Earth schema and have varying degrees of operations, cost, international competitiveness, and safety implications. Because of the diversity of issues, concerns and long-term impacts, there is a clear need for the setting of government policies that will lead to an orderly abatement of the potential orbital debris hazards. These policies may require the establishment of a supportive regulatory regime. The Department of Transportation is likely to have regulatory responsibilities relating to orbital debris stemming from its charge to protect the public health and safety, safety of property, and national security interests and foreign policy interests of the United States. This paper describes DOT's potential regulatory role relating to orbital debris remediation, the myriad of issues concerning the need for establishing government policies relating to orbital debris remediation and their regulatory implications, the proposed technological solutions and their economic and safety implications. Particular emphasis is placed upon addressing cost-effectiveness and economic analyses as they relate to economic impact analysis in support of regulatory impact analysis.

A review of EIAs on trade policy in China: Exploring the way for economic policy EIAs

Energy Technology Data Exchange (ETDEWEB)

Mao, Xianqiang, E-mail: maoxq@bnu.edu.cn [Center for Global Environmental Policy, School of Environment, Beijing Normal University, Beijing 100875 (China); Song, Peng, E-mail: songpeng_ee@163.com [Center for Global Environmental Policy, School of Environment, Beijing Normal University, Beijing 100875 (China); Kørnøv, Lone, E-mail: lonek@plan.aau.dk [The Danish Centre for Environmental Assessment, Department of Planning, Aalborg University, Skibbrogade 5, B1-04, 9000 Aalborg (Denmark); Corsetti, Gabriel, E-mail: gabriel.corsetti@gmail.com [Center for Global Environmental Policy, School of Environment, Beijing Normal University, Beijing 100875 (China)

2015-01-15

During the discussion on the “Environmental Protection Law Amendment (draft)” in 2011, it was decided to drop the proposed clauses related to environmental impact assessments (EIAs) on policy, which means that there remained no provisions for policy EIAs, and China's strategic environmental assessment system stayed limited to the planning level. However, considering that economic policy making is causing significant direct and indirect environmental problems and that almost every aspect of governmental policy has an economic aspect, EIAs on economic policies are of the utmost urgency. The purpose of this study is to review the EIA work that has been carried out on trade policy in China through four case studies, and illustrate how trade policy EIAs can be helpful in achieving better environmental outcomes in the area of trade. Through the trade policy EIA case studies we try to argue for the feasibility of conducting EIAs on economic policies in China. We also discuss the implications of the case studies from the point of view of how to proceed with EIAs on economic policy and how to promote their practice. - Highlights: • SEA system is incomplete and stays limited to the plan EIA level in China. • EIA on economic policy is of utmost importance for all the developing countries. • Four case studies of trade policy EIA in China are reviewed for policy implications. • Departmental competition for political power impedes economic policy EIAs in China. • Legislative regulation on policy EIA is the first thing needed to overcome barrier.

A review of EIAs on trade policy in China: Exploring the way for economic policy EIAs

International Nuclear Information System (INIS)

Mao, Xianqiang; Song, Peng; Kørnøv, Lone; Corsetti, Gabriel

2015-01-01

During the discussion on the “Environmental Protection Law Amendment (draft)” in 2011, it was decided to drop the proposed clauses related to environmental impact assessments (EIAs) on policy, which means that there remained no provisions for policy EIAs, and China's strategic environmental assessment system stayed limited to the planning level. However, considering that economic policy making is causing significant direct and indirect environmental problems and that almost every aspect of governmental policy has an economic aspect, EIAs on economic policies are of the utmost urgency. The purpose of this study is to review the EIA work that has been carried out on trade policy in China through four case studies, and illustrate how trade policy EIAs can be helpful in achieving better environmental outcomes in the area of trade. Through the trade policy EIA case studies we try to argue for the feasibility of conducting EIAs on economic policies in China. We also discuss the implications of the case studies from the point of view of how to proceed with EIAs on economic policy and how to promote their practice. - Highlights: • SEA system is incomplete and stays limited to the plan EIA level in China. • EIA on economic policy is of utmost importance for all the developing countries. • Four case studies of trade policy EIA in China are reviewed for policy implications. • Departmental competition for political power impedes economic policy EIAs in China. • Legislative regulation on policy EIA is the first thing needed to overcome barrier

MIGRATION IMPACT ON ECONOMICAL SITUATION

Directory of Open Access Journals (Sweden)

Virginia COJOCARU

2016-01-01

Full Text Available This paper presents recent trends and flows of labor migration and its impact on economic and social life. Main aim of this research sets up the influence of the migration on the European economics and its competitiveness. Methods of research are: method of comparison, analysis method, method of deduction, method of statistics, modeling method. The economic impact of migration has been intensively studied but is still often driven by ill-informed perceptions, which, in turn, can lead to public antagonism towards migration. These negative views risk jeopardising efforts to adapt migration policies to the new economic and demographic challenges facing many countries. Migration Policy looks at the evidence for how immigrants affect the economy in three main areas: The labour market, public purse and economic growth. In Europe, the scope of labour mobility greatly increased within the EU/EFTA zones following the EU enlargements of 2004, 2007 and 2014-2015. This added to labour markets’ adjustment capacity. Recent estimates suggest that as much as a quarter of the asymmetric labour market shock – that is occurring at different times and with different intensities across countries – may have been absorbed by migration within a year.

Economics and policies of nuclear plant life management

International Nuclear Information System (INIS)

Yamagata, H.

1998-01-01

NEA provides an opportunity for international exchange of information on the economics and policies of nuclear plant life management for governments and plant owners. The NEA Secretariat is finalising the 'state-of-the-art report' on the economics and policies of nuclear plant life management, including the model approach and national summaries. In order to meet power supply obligations in the early 2000, taking into account energy security, environmental impact, and the economics of nuclear power plants whose lives have been extended, initiatives at national level must be taken to monitor, co-ordinate, and support the various industry programmes of nuclear plant life management by integrated and consistent policies, public acceptance, R and D, and international co-operation. Nuclear power owners should establish an organisation and objectives to carry nuclear plant life management in the most economic and smoothest way taking into consideration internal and external influences. The organisation must identify the critical item and the ageing processes, and optimise equipment reliability and maintenance workload. (author)

impacts of alternative farm policies on rural communities

Science.gov (United States)

J. Michael Bowker; James W. Richardson

1989-01-01

The purpose of this study was to describe an LP/IO model for evaluating the economic impacts of alternative farm policies on rural communities and demonstrate its capabilities by analyzing the impacts of three farm policies on a rural community in Texas. Results indicate that in the noncrop sector, two groups of industries are most affected by farm policy. The first...

Fiscal Policy and Economic Growth in Nigeria

Directory of Open Access Journals (Sweden)

Sylvia Uchenna Agu

2015-11-01

Full Text Available This article aims at determining the impact of various components of fiscal policy on the Nigerian economy. We simply used descriptive statistics to show contribution of government fiscal policy to economic growth, and to ascertain and explain growth rates, and an ordinary least square (OLS in a multiple form to ascertain the relationship between economic growth and government expenditure components after ensuring data stationarity. Findings revealed that total government expenditures have tended to increase with government revenue, with expenditures peaking faster than revenue. Investment expenditures were much lower than recurrent expenditures evidencing the poor growth in the country’s economy. Hence, there is some evidence of positive correlation between government expenditure on economic services and economic growth. Therefore, in public spending, it is important to note that the effectiveness of the private sector depends on the stability and predictability of the public incentive framework, which promotes or crowds out private investment.

Inflation, economic policy, and the inner city

Energy Technology Data Exchange (ETDEWEB)

Curtis, L.A.

1981-07-01

This article describes the greater impact of inflation among the poor and minorities in American inner cities than among other population groups. Surveys show, however, that minorities are even more concerned over unemployment and racial discrimination than over inflation. There are indications that, especially today, crime and potential group disorder are affected by or influence inflation, unemployment, and discrimination in the inner city. With these interrelated factors in mind, present federal economic policy is reviewed, critiqued, and interpreted as basically consistent with Keynesian economic theory. Modifications of and alternatives to present policy are offered that fit both inner-city needs and the concerns of the rest of American society. These policies include targeted private sector neighborhood development and self-help, private sector productivity increases through workplace democracy, private-public sector codetermination of investment, private-public sector job guarantees, and public anti-inflation policy carefully targeted at the basic necessities of energy, food, housing, and health care - which have a disproportionate effect on inflation in the inner city, as well as the overall economy. Coalitions are suggested that could politically implement such policies.

Analysis of the economic impact of different Chinese climate policy options based on a CGE model incorporating endogenous technological change

International Nuclear Information System (INIS)

Wang Ke; Wang Can; Chen Jining

2009-01-01

Abatement cost is the main concern for climate change mitigation and the key factor for mitigation cost is technological change. This study established an integrated economic, energy, environmental, dynamic, computable general equilibrium (CGE) model representing endogenous technological change for China's climate change policy analysis. This study analyzed and compared the economic impact of different approaches to mitigation commitments as well as the potential role of technological change in the formulation of mitigation targets and commitments, taking into account China's climate policy-making needs based on the current international climate negotiation process. The results show that, absolute emission limits similar to the Kyoto Protocol will seriously impede the future economic development of China, while the impact of an 80% reduction in carbon intensity, forecast for 2050 based on the 2005 level, is relatively small. Technological change can promote economic growth, improve energy efficiency and reduce carbon intensity per unit of output through the substitution of production factors. Consequently it can reduce marginal abatement cost and related GDP loss by mitigation. At the same time it can increase mitigation potentials and extend the emission reduction amount, showing that consideration of the impact of technological change when deciding the emission reduction targets is necessary.

Nursing workforce policy and the economic crisis: a global overview.

Science.gov (United States)

Buchan, James; O'May, Fiona; Dussault, Gilles

2013-09-01

To assess the impact of the global financial crisis on the nursing workforce and identify appropriate policy responses. This article draws from international data sources (Organisation for Economic Co-operation and Development [OECD] and World Health Organization), from national data sources (nursing regulatory authorities), and the literature to provide a context in which to examine trends in labor market and health spending indicators, nurse employment, and nurse migration patterns. A variable impact of the crisis at the country level was shown by different changes in unemployment rates and funding of the health sector. Some evidence was obtained of reductions in nurse staffing in a small number of countries. A significant and variable change in the patterns of nurse migration also was observed. The crisis has had a variable impact; nursing shortages are likely to reappear in some OECD countries. Policy responses will have to take account of the changed economic reality in many countries. This article highlights key trends and issues for the global nursing workforce; it then identifies policy interventions appropriate to the new economic realities in many OECD countries. © 2013 Sigma Theta Tau International.

Managing nuclear waste: Social and economic impacts

International Nuclear Information System (INIS)

Hemphill, R.C.; Bassett, G.W. Jr.

1993-01-01

Recent research has focused on perceptions of risk as a dominant source of economic impacts due to siting a high level radioactive waste facility. This article addresses the social and economic considerations involved with the issue of risk perception and other types of negative imagery. Emphasis is placed on ways of measuring the potential for economic effects resulting from perceptions prior to construction and operation of HLW facility. We describe the problems in arriving at defensible estimates of economic impacts. Our review has found that although legal and regulatory bases may soon allow inclusion of these impacts in EIS and for compensation purposes, credible scientific methods do not currently exist for predicting the existence or magnitude of changes in economic decision-making. Policy-makers should recognize the potential for perception-based economic impacts in determining the location and means of managing radioactive waste; but, they also need be cognizant of the current limitations of quantitative estimates of impacts in this area

Managing nuclear waste: Social and economic impacts

International Nuclear Information System (INIS)

Hemphill, R.C.; Bassett, G.W. Jr.

1993-01-01

Recent research has focused on perceptions of risk dominant source of economic impacts due to siting a high level radioactive waste facility. This article addresses the social and economic considerations involved with the issue of risk perception and other types of negative imagery. Emphasis is placed on ways of measuring the potential for economic effects resulting from perceptions prior to construction and operation of a HLW facility. We describe the problems in arriving at defensible estimates of economic impacts. Our review has found that although legal and regulatory bases may soon allow inclusion of these impacts in EIS and for compensation purposes, credible scientific methods do not currently exist for predicting the existence or magnitude of changes in economic decision-making. Policy-makers should recognize the potential for perception-based economic impacts in determining the location and means of managing radioactive waste; but, they also need be cognizant of the current limitations of quantitative estimates of impacts in this area

Book review: Alexandru Avram - Fiscal policies and economic growth during crisis

Directory of Open Access Journals (Sweden)

Aurelia Dumitru

2015-10-01

Full Text Available The Assistant Professor at West University of Timisoara Alexandru Avram is publishing at Sitech Publishing House, Craiova, a remarkable book, "The mix of fiscal and monetary policies – the impact upon the economic growth". The scientific research had previously been made for achieving the title in Doctor in Economic Sciences. The theme of the book is the identification of the measures of economic growth after the economic crisis at the end of 2007 and the impact of some fiscal and monetary measures and also the introduction of the taxing quotation, the decreasing of the interest of monetary policy, the increasing of VAT quotation from 19% to 24% upon some macroeconomic components. The book represents a valuable synthesis and a guide for those who are interested in the subject.

Family Economic Security Policies and Child and Family Health.

Science.gov (United States)

Spencer, Rachael A; Komro, Kelli A

2017-03-01

In this review, we examine the effects of family economic security policies (i.e., minimum wage, earned income tax credit, unemployment insurance, Temporary Assistance to Needy Families) on child and family health outcomes, summarize policy generosity across states in the USA, and discuss directions and possibilities for future research. This manuscript is an update to a review article that was published in 2014. Millions of Americans are affected by family economic security policies each year, many of whom are the most vulnerable in society. There is increasing evidence that these policies impact health outcomes and behaviors of adults and children. Further, research indicates that, overall, policies which are more restrictive are associated with poorer health behaviors and outcomes; however, the strength of the evidence differs across each of the four policies. There is significant diversity in state-level policies, and it is plausible that these policy variations are contributing to health disparities across and within states. Despite increasing evidence of the relationship between economic policies and health, there continues to be limited attention to this issue. State policy variations offer a valuable opportunity for scientists to conduct natural experiments and contribute to evidence linking social policy effects to family and child well-being. The mounting evidence will help to guide future research and policy making for evolving toward a more nurturing society for family and child health and well-being.

Healthy public policy in poor countries: tackling macro-economic policies.

Science.gov (United States)

Mohindra, K S

2007-06-01

Large segments of the population in poor countries continue to suffer from a high level of unmet health needs, requiring macro-level, broad-based interventions. Healthy public policy, a key health promotion strategy, aims to put health on the agenda of policy makers across sectors and levels of government. Macro-economic policy in developing countries has thus far not adequately captured the attention of health promotion researchers. This paper argues that healthy public policy should not only be an objective in rich countries, but also in poor countries. This paper takes up this issue by reviewing the main macro-economic aid programs offered by international financial institutions as a response to economic crises and unmanageable debt burdens. Although health promotion researchers were largely absent during a key debate on structural adjustment programs and health during the 1980s and 1990s, the international macro-economic policy tool currently in play offers a new opportunity to participate in assessing these policies, ensuring new forms of macro-economic policy interventions do not simply reproduce patterns of (neoliberal) economics-dominated development policy.

Impact of pharmaceutical policy interventions on utilization of antipsychotic medicines in Finland and Portugal in times of economic recession : interrupted time series analyses

NARCIS (Netherlands)

Leopold, Christine; Zhang, Fang; Mantel-Teeuwisse, Aukje K|info:eu-repo/dai/nl/266775098; Vogler, Sabine; Valkova, Silvia; Ross-Degnan, Dennis; Wagner, Anita K

2014-01-01

OBJECTIVES: To analyze the impacts of pharmaceutical sector policies implemented to contain country spending during the economic recession--a reference price system in Finland and a mix of policies including changes in reimbursement rates, a generic promotion campaign and discounts granted to the

FISCAL POLICY'S INFLUENCE ON ECONOMIC GROWTH IN THE EUROPEAN UNION

OpenAIRE

MIHAIU Diana Marieta; OPREANA Alin

2012-01-01

In this paper we study the impact of the fiscal policy on the economic growth for European Union, for the period 2000-2009. This subject represents a very debated problem in the economic literature. Our findings shows that, from the analysis of correlation between economic growth rate and total rate of taxation, there is generally an inverse relationship, meaning that an increase in the tax rate adversely affects economic growth. Continuing the analysis of the correlation between economic gro...

The Economic Sovereignty of the State as the Defining Instrument of Economic Policy in the Context of Globalization

Directory of Open Access Journals (Sweden)

Mykytas Viktoriia V.

2017-10-01

Full Text Available The modern world is characterized by rapid integration and globalization processes, which have both a positive and a negative impact on the development of each country. National economies operate in the midst of global uncertainty, which is becoming the platform for the formation and implementation of the State economic policy, which should not only describe the conditions for strategic development of country but also adequately respond to the risks emerging out of the complex integration processes. The failure of the State to respond in a timely and adequate manner to the risks will result in lesser benefits and positive effects of integration processes than the impact of destabilizing factors. In such circumstances, economic sovereignty becomes the most important instrument of the State through which it can defend its national economic interests and form an effective economic policy.

Failures of the national policy for sustainable development of Bulgaria – economic dimensions

OpenAIRE

Nozharov, Shteryo; Koralova, Petya

2017-01-01

Bulgaria is a member of the EU since 2007. The country has issues with its economic policy, which issues could have negative impact over the EU’s policies as a whole. When the economic policy of a Member State is blemished by a systematic strategic misconceptions, it is necessary this to be analysed in depth. The debate, about the future of the EU after Brexit and the concept about multi-speed Europe is consequence of the efficiency of the economic and political systems in each individual Mem...

Energy pricing policy in economies in transition (EIT) - economic and social impact case of Poland

International Nuclear Information System (INIS)

Krawczynski, F.

1996-01-01

The economic and social impact of the energy policy and pricing in countries with economies in transition is shown on the Polish example. Detailed changes in industrial production, growth of investments in Poland are shown for the period 1990-1996 with annual inflation rate unemployment data. This is followed by expected growth of investments and inflation for the period 1993-2000. In the framework of primary energy consumption structure in 1994 and prospect for 2000 two possible scenarios of gas consumption by households, industry and for power generation, are presented up to 2010. Gas prices for the mentioned consumers in Poland are compared to those in Western Europe and environmental impacts are mentioned as well

Economic development, climate and values: making policy.

Science.gov (United States)

Stern, Nicholas

2015-08-07

The two defining challenges of this century are overcoming poverty and managing the risks of climate change. Over the past 10 years, we have learned much about how to tackle them together from ideas on economic development and public policy. My own work in these areas over four decades as an academic and as a policy adviser in universities and international financial institutions has focused on how the investment environment and the empowerment of people can change lives and livelihoods. The application of insights from economic development and public policy to climate change requires rigorous analysis of issues such as discounting, modelling the risks of unmanaged climate change, climate policy targets and estimates of the costs of mitigation. The latest research and results show that the case for avoiding the risks of dangerous climate change through the transition to low-carbon economic development and growth is still stronger than when the Stern Review was published. This is partly because of evidence that some of the impacts of climate change are happening more quickly than originally expected, and because of remarkable advances in technologies, such as solar power. Nevertheless, significant hurdles remain in securing the international cooperation required to avoid dangerous climate change, not least because of disagreements and misunderstandings about key issues, such as ethics and equity. © 2015 The Author(s).

Clean Energy-Related Economic Development Policy across the States: Establishing a 2016 Baseline

Energy Technology Data Exchange (ETDEWEB)

Cook, Jeffrey J. [National Renewable Energy Lab. (NREL), Golden, CO (United States)

2017-01-01

States implement clean energy-related economic development policy to spur innovation, manufacturing, and to address other priorities. This report focuses on those policies most directly related to expanding new and existing manufacturing. The extent to which states invest in this policymaking depends on political drivers and jurisdictional economic development priorities. To date, no one source has collected all of the clean energy-related economic development policies available across the 50 states. Thus, it is unclear how many policies exist within each state and how these policies, when implemented, can drive economic development. Establishing the baseline of existing policy is a critical first step in determining the potential holistic impact of these policies on driving economic growth in a state. The goal of this report is to document the clean energy-related economic development policy landscape across the 50 states with a focus on policy that seeks to expand new or existing manufacturing within a state. States interested in promoting clean energy manufacturing in their jurisdictions may be interested in reviewing this landscape to determine how they compare to peers and to adjust their policies as necessary. This report documents over 900 existing clean energy-related economic development laws, financial incentives (technology-agnostic and clean energy focused), and other policies such as agency-directed programs and initiatives across the states.

The Economics of Biofuel Policies. Impacts on Price Volatility in Grain and Oilseed Markets

NARCIS (Netherlands)

Gorter, de H.; Drabik, D.

2015-01-01

The global food crises of 2008 and 2010 and the increased price volatility revolve around biofuels policies and their interaction with each other, farm policies and between countries. The Economics of Biofuel Policies focuses on the role of biofuel policies in creating turmoil in the world grains

Nutrition economics - characterising the economic and health impact of nutrition.

Science.gov (United States)

Lenoir-Wijnkoop, I; Dapoigny, M; Dubois, D; van Ganse, E; Gutiérrez-Ibarluzea, I; Hutton, J; Jones, P; Mittendorf, T; Poley, M J; Salminen, S; Nuijten, M J C

2011-01-01

There is a new merging of health economics and nutrition disciplines to assess the impact of diet on health and disease prevention and to characterise the health and economic aspects of specific changes in nutritional behaviour and nutrition recommendations. A rationale exists for developing the field of nutrition economics which could offer a better understanding of both nutrition, in the context of having a significant influence on health outcomes, and economics, in order to estimate the absolute and relative monetary impact of health measures. For this purpose, an expert meeting assessed questions aimed at clarifying the scope and identifying the key issues that should be taken into consideration in developing nutrition economics as a discipline that could potentially address important questions. We propose a first multidisciplinary outline for understanding the principles and particular characteristics of this emerging field. We summarise here the concepts and the observations of workshop participants and propose a basic setting for nutrition economics and health outcomes research as a novel discipline to support nutrition, health economics and health policy development in an evidence and health-benefit-based manner.

The impact of fiscal and monetary policies on unemployment problem in Nigeria (managerial economic perspective

Directory of Open Access Journals (Sweden)

Nick Attamah

2015-06-01

Full Text Available This paper investigates the impact of fiscal and Monetary Policies on Unemployment Problem in Nigeria and covers the periods 1980 to 2013. To achieve this, fiscal policy was captured here by government expenditures and revenues respectively while monetary policy was proxied by broad Money Supply (M2, Interest and Exchange rates respectively. The methodology adopted was econometric analysis employing OLS techniques and unit roots of the series were examined using the Augmented Dickey-Fuller after which the co-integration tests was conducted using the Engle Granger approach. Error correction models were estimated to take care of the short run dynamics. It was found that while government expenditure had a positive relationship with unemployment problem in Nigeria, the result of government revenue was negative and insignificant on unemployment problem. For monetary policy, it was found that money supply and exchange rate had positive and significant impact while interest rate has only a positive relationship on unemployment problem in Nigeria. This meets the a priori expectation. The study also revealed that increases in interest and exchange rates escalate unemployment by increasing cost of production which discourages the private sector from employing large workforce. On the other hand, national productivity measured by real GDP had a negative and significant impact on unemployment rate in Nigeria. This paper recommends that for an effective combat to unemployment problem in Nigeria, there should be a systematic diversion of strategies, thus more emphasis should be laid on aggressively pursuing entrepreneurial development and increased productivity. Again government should aggressively focus on investment, employment generation and economic growth that has mechanism to trickle does to the masses

Health economics and health policy: experiences from New Zealand.

Science.gov (United States)

Cumming, Jacqueline

2015-06-01

Health economics has had a significant impact on the New Zealand health system over the past 30 years. In this paper, I set out a framework for thinking about health economics, give some historical background to New Zealand and the New Zealand health system, and discuss examples of how health economics has influenced thinking about the organisation of the health sector and priority setting. I conclude the paper with overall observations about the role of health economics in health policy in New Zealand, also identifying where health economics has not made the contribution it could and where further influence might be beneficial.

Leverage effect, economic policy uncertainty and realized volatility with regime switching

Science.gov (United States)

Duan, Yinying; Chen, Wang; Zeng, Qing; Liu, Zhicao

2018-03-01

In this study, we first investigate the impacts of leverage effect and economic policy uncertainty (EPU) on future volatility in the framework of regime switching. Out-of-sample results show that the HAR-RV including the leverage effect and economic policy uncertainty with regimes can achieve higher forecast accuracy than RV-type and GARCH-class models. Our robustness results further imply that these factors in the framework of regime switching can substantially improve the HAR-RV's forecast performance.

Impact of EU agricultural policy on developing countries

DEFF Research Database (Denmark)

Boysen, Ole; Jensen, Hans Grinsted; Matthews, Alan

2016-01-01

Despite substantial reforms, the EU’s Common Agricultural Policy (CAP) is still criticised for its detrimental effects on developing countries. This paper provides updated evidence on the impact of the CAP on one developing country, Uganda. It goes beyond estimating macro-level economic effects...... by analysing the impacts on poverty. The policy simulation results show that eliminating EU agricultural support would have marginal but nonetheless positive impacts on the Ugandan economy and its poverty indicators. From the perspective of the EU’s commitment to policy coherence for development, this supports...... the view that further reducing EU Agricultural support would be positive for development....

Economic impacts of invasive species in forests: past, present, and future.

Science.gov (United States)

Holmes, Thomas P; Aukema, Juliann E; Von Holle, Betsy; Liebhold, Andrew; Sills, Erin

2009-04-01

Biological invasions by nonnative species are a by-product of economic activities, with the vast majority of nonnative species introduced by trade and transport of products and people. Although most introduced species are relatively innocuous, a few species ultimately cause irreversible economic and ecological impacts, such as the chestnut blight that functionally eradicated the American chestnut across eastern North America. Assessments of the economic costs and losses induced by nonnative forest pests are required for policy development and need to adequately account for all of the economic impacts induced by rare, highly damaging pests. To date, countrywide economic evaluations of forest-invasive species have proceeded by multiplying a unit value (price) by a physical quantity (volume of forest products damaged) to arrive at aggregate estimates of economic impacts. This approach is inadequate for policy development because (1) it ignores the dynamic impacts of biological invasions on the evolution of prices, quantities, and market behavior, and (2) it fails to account for the loss in the economic value of nonmarket ecosystem services, such as landscape aesthetics, outdoor recreation, and the knowledge that healthy forest ecosystems exist. A review of the literature leads one to anticipate that the greatest economic impacts of invasive species in forests are due to the loss of nonmarket values. We proposed that new methods for evaluating aggregate economic damages from forest-invasive species need to be developed that quantify market and nonmarket impacts at microscales that are then extended using spatially explicit models to provide aggregate estimates of impacts. Finally, policies that shift the burden of economic impacts from taxpayers and forest landowners onto parties responsible for introducing or spreading invasives, whether through the imposition of tariffs on products suspected of imposing unacceptable risks on native forest ecosystems or by requiring

Energy, economic and environmental discourses and their policy impact: The case of Ontario's Green Energy and Green Economy Act

International Nuclear Information System (INIS)

Winfield, Mark; Dolter, Brett

2014-01-01

This paper examines the debates around the Ontario's Green Energy and Green Economy Act (GEGEA) as an energy and economic development strategy through comparative public policy and discourse analysis approaches. The evidence regarding the economic impacts of the GEGEA is found to be almost entirely based on the results of economic modeling exercises. Critics and supporters of the legislation have arrived at very different conclusions through such exercises. These outcomes are similar to those seen in other jurisdictions pursuing renewable energy initiatives, such as Feed In Tariffs (FITs), renewables obligations and portfolio standards. A discourse analysis approach is employed to examine the reasons for the different conclusions being reached over the impacts of renewable energy initiatives. Differences in modeling approaches and assumptions are found to reflect differences in ideational perspectives on the part of the modelers with respect to the appropriate roles of markets and the state and the relationship between economic development and environmental sustainability in public policy. The paper concludes with suggestions regarding the gathering and availability of information regarding economic development in the renewable energy sector, and a discussion of potential ways to strengthen future efforts to understand the economic and environmental impact of renewable energy initiatives. - Highlights: • The discourse surrounding renewable energy initiatives is embedded within wider ideological debates. • The information that underpins the debates in Ontario is the result of economic modelling, not empirical data. • All of the existing modelling efforts suffer from significant shortcomings. • FITS are seen as politically feasible mechanisms for correcting biases in favour of conventional technologies. • The province's long-term commitment of renewable energy development is now uncertain

Assessment of environmental impacts following alternative agricultural policy scenarios.

Science.gov (United States)

Bárlund, I; Lehtonen, H; Tattari, S

2005-01-01

Abstract Finnish agriculture is likely to undergo major changes in the near and intermediate future. The ifuture policy context can be examined at a general level by strategic scenario building. Computer-based modelling in combination with agricultural policy scenarios can in turn create a basis for the assessments of changes in environmental quality following possible changes in Finnish agriculture. The analysis of economic consequences is based on the DREMFIA model, which is applied to study effects of various agricultural policies on land use, animal production, and farmers' income. The model is suitable for an impact analysis covering an extended time span--here up to the year 2015. The changes in land use, obtained with the DREMFIA model assuming rational economic behaviour, form the basis when evaluating environmental impacts of different agricultural policies. The environmental impact assessment is performed using the field scale nutrient transport model ICECREAM. The modelled variables are nitrogen and phosphorus losses in surface runoff and percolation. In this paper the modelling strategy will be presented and highlighted using two case study catchments with varying environmental conditions and land use as an example. In addition, the paper identifies issues arising when connecting policy scenarios with impact modelling.

Stimulating fuelwood consumption through public policies: An assessment of economic and resource impacts based on the French Forest Sector Model

International Nuclear Information System (INIS)

Caurla, Sylvain; Delacote, Philippe; Lecocq, Franck; Barkaoui, Ahmed

2013-01-01

Stimulating renewable energy is a crucial objective in view of tackling climate change and coping with future fossil fuel scarcity. In France, fuelwood appears to be an important source for the renewable energy mix. Using the French Forest Sector Model, our paper aims to assess the impacts of three policy options to stimulate fuelwood consumption: a consumer subsidy, a producer subsidy and a fixed-demand contract policy. We explored their impacts in terms of five groups of criteria: (1) forest resource dynamics; (2) variations in wood products prices and quantities consumed and produced; (3) trade balance; (4) budgetary costs; and (5) variations in agent surpluses. We show that no policy option is more desirable than another on the basis of all of these criteria and that trade-offs will determine which is the best policy option to be implemented. - Highlights: • We compare the bio-economic impacts of policies to boost fuelwood consumption in France. • We simulate a producer subsidy, a consumer subsidy and fixed public demand contracts. • We explore their impacts until 2020 with a dynamic model of the forest sector. • Producer subsidy reduces the trade balance deficit and decreases forest stock. • Consumer subsidy increases consumer welfare and public contracts reduce budgetary costs

The impact of monetary policy on the economic growth of a small and open economy: The case of South Africa

Directory of Open Access Journals (Sweden)

V Khabo

2014-08-01

Full Text Available This study evaluates the impact of monetary policy on the economic growth of a small and open economy like that of South Africa. Structuralists contend that changes in money supply (M3 and inflation (CPI are not significantly related to changes in economic growth (GDP, while orthodox economists argue that they are. Stucturalists also hold that monetary authorities cannot control M3, whereas orthodox economists believe they can. To structuralists, when monetary authorities pursue an expansionary policy, the opposite effect is achieved. Orthodox economists counter this argument. The ADT test statistic against the McKinnon critical values was used and it was found (i that money supply changes and inflation are significantly related to changes in economic growth, and (ii whereas monetary authorities can control M3 through the repo rate,  they cannot keep it within set targets.

Economic Differentiation as a Determinant of Higher Education Pricing and Expenditure Policies and State-wide Public Policy: Implications for Governance. ASHE 1983 Annual Meeting Paper.

Science.gov (United States)

Alfred, Richard L.

A study of the impact of economic differentiation on institutional pricing and expenditure policies, higher education public policy, and governance in public colleges and universities is described. It is suggested that economic differentiation is a likely determinant of variation in institutional expenditure and pricing policies and higher…

Economic impact of a noncomprehensive smoke-free air law.

Science.gov (United States)

Tauras, John A; Chaloupka, Frank J; Keith, Jennifer D; Brown, Deborah P; Meyer, Joy Blankley

2014-07-01

Many stakeholders were interested in the potential economic impact of Pennsylvania's 2008 Clean Indoor Air Act (CIAA). This study focused on the examination of economic change subsequent to CIAA and, because CIAA allows certain venue exemptions among eating and drinking establishments, if the allowance of exemptions influenced that impact. Policy analysis. Prais-Winsten regressions were employed to assess effects of CIAA and law exemptions on county-level quarterly taxable sales in restaurants and drinking establishments. Regressions controlled for general economic activity, trends in eating/drinking establishment sales, seasonality, and county characteristics. Across models, CIAA had no significant negative effects on taxable sales in full-/limited-service restaurants or drinking establishments and some positive effects. CIAA exemptions for drinking establishments do not offer a clear economic benefit. Restaurant and drinking establishment taxable sales were strongly related to overall economic conditions and seasonality. After controlling for confounding factors, and consistent with the weight of the evidence from literature on the economic impact of smoke-free policies, our study concludes that the Pennsylvania CIAA had no negative effects on per capita restaurant and drinking establishment taxable sales. High rates of drinking establishment exemptions were not economically beneficial. This study can inform efforts to make smoke-free laws more comprehensive. © 2014 Society for Public Health Education.

Applying Behavioral Economics to Public Health Policy: Illustrative Examples and Promising Directions.

Science.gov (United States)

Matjasko, Jennifer L; Cawley, John H; Baker-Goering, Madeleine M; Yokum, David V

2016-05-01

Behavioral economics provides an empirically informed perspective on how individuals make decisions, including the important realization that even subtle features of the environment can have meaningful impacts on behavior. This commentary provides examples from the literature and recent government initiatives that incorporate concepts from behavioral economics in order to improve health, decision making, and government efficiency. The examples highlight the potential for behavioral economics to improve the effectiveness of public health policy at low cost. Although incorporating insights from behavioral economics into public health policy has the potential to improve population health, its integration into government public health programs and policies requires careful design and continual evaluation of such interventions. Limitations and drawbacks of the approach are discussed. Copyright © 2016 American Journal of Preventive Medicine. All rights reserved.

Economic impact of ethanol promotion in Mexico: A general equilibrium analysis

International Nuclear Information System (INIS)

Elizondo, Alejandra; Boyd, Roy

2017-01-01

In this paper we analyze the economic impact of a decision to produce ethanol in Mexico, comparing the effect of a subsidy to initiate ethanol production with that of alternative public policies. Public support of biofuels has been a public policy goal since 2008, and the promotion of ethanol remains an active part of the government agenda. The evidence used to encourage or alter the policy is (by necessity) chiefly based on international experience. In this study we use a computable general equilibrium model (CGE) to estimate the impact of ethanol production on the Mexican economy. Using cost data from Brazil we introduce ethanol into a Mexican social accounting matrix, and insert a latent sector into the model to analyze ethanol promotion. Our results show that subsidies to ethanol would increase agriculture production but at the expense of aggregate welfare. By contrast, alternative 'clean energy' policies appear to advance economic growth to a greater extent. - Highlights: • A CGE model is used to estimate the impact of ethanol promotion in Mexico. • The benefits of a policy designed to promote the use of ethanol are rather small. • The rural sector benefits modestly, but production in other sectors decrease. • Alternative policies advance economic growth and welfare to a greater extent.

Income taxes, public fiscal policy and economic growth

Directory of Open Access Journals (Sweden)

Tomasz Wołowiec

2014-12-01

Full Text Available The main goal of this article is to find the relationship between public fiscal policy and economic growth. The article consist of a few parts. The first is an introduction, which creates the background for the analysis in the following sections. It shows the main point of view on public fiscal policy especially in the case of personal income tax and creates a framework for the analysis of the relationship between taxation and economic growth. The second part focuses on the relations between central government decisions on taxation and its influence on savings, investments and economic growth. In this part we will find selected analyses of the impact of taxes on economic growth based on the examples of OECD countries. Finally, the last part of the work is a study on fiscal level and tax system structures and economic growth. In this part the authors checks two points of view on taxation. The first is that a low level tax burden is conducive to economic growth, and the second emphasizes negative consequences of decreasing budget tax revenues. The article shows both theoretical and empirical points of view on taxation and influence of government taxation decisions on the economy.

Fiscal Policy and Economic Development in Nigeria (1960 - 2011 ...

African Journals Online (AJOL)

This study investigated the impact of fiscal policy measures on economic development in Nigeria. The Augmented Dickey-Fuller and Phillips-perron unit root test were first conducted. The cointe gration test was then performedusing Johansen Maximum Likelihood procedure. The granger causality test, the impulse response ...

THE ROLE OF INNOVATION POLICIES IN ECONOMIC SUSTAINABLE DEVELOPMENT OF THE EU

Directory of Open Access Journals (Sweden)

Rodica CRUDU

2016-12-01

Full Text Available Innovation is one of the key-elements providing increased competitiveness to countries which is defining in building effective economies. In modern conditions, great attention is paid to economic sustainability which besides effectiveness takes into account the impact of human activities over the environment. Europe has always been one of leading forces of innovation in the world. However, its importance has constantly decreased due to rise of the US, Japan and newly of China. The European Union has oriented much effort towards fostering innovation through various policies and instruments in order to keep up with the growing pace of economic and technologic development in the modern world. By these policies, the EU aims at creating favourable conditions for countries to promote innovation taking into account the national peculiarities as to allow improved flexibility and adaptability. The main goal of the present paper is to assess the impact of the EU innovation policies upon sustainable development of the member countries. There are to be analysed the main paradigms,concepts, initiatives and strategies frame-working innovation in the EU and, consequently, their impact upon economic development and the consistence in facing new challenges. In the end,on the base on identified correlations, concrete actions and measures to foster performance of innovation policies in general are identified.

State policy as a driver of innovation to support economic growth: California energy-efficiency policy (1975-2005)

Science.gov (United States)

Klementich, Eloisa Y.

2011-12-01

Purpose. The purpose of this research was to identify whether a relationship exists between state energy-efficiency policy and innovation in the State of California and to shed light on the impact that energy-efficiency policy can have on supporting statewide economic development goals. Theoretical Framework. The theoretical framework drew from foundations in neoclassical economic theory, technology change theory, and new growth theory. Together these theories formed the basis to describe the impacts caused by the innovations within the market economy. Under this framework, policy-generated innovations are viewed to be translated into efficiency and productivity that propel economic benefits. Methodological Considerations. This study examined various economic indices and efficiency attainment indices affecting four home appliances regulated under Title 20's energy-efficiency standard established by the California Energy Commission, Warren Alquist Act. The multiple regression analysis performed provided an understanding of the relationship between the products regulated, the regulation standard, and the policy as it relates to energy-efficiency regulation. Findings. There is enough evidence to show that strategies embedded in the Warren Alquist Act, Title 20 do drive innovation. Three of the four product categories tested showed statistical significance in the policy standard resulting in an industry efficiency improvement. Conclusively, the consumption of electricity per capita in California has positively diverged over a 35-year period from national trends, even though California had mirrored the nation in income and family size during the same period, the only clear case of divergence is the state's action toward a different energy policy. Conclusions and Recommendations. California's regulations propelled manufacturers to reach higher efficiency levels not otherwise pursued by market forces. The California effort included alliances all working together to make

IMPACT OF GLOBALIZATION ON MACROECONOMIC POLICY

Directory of Open Access Journals (Sweden)

Clementina IVAN-UNGUREANU

2008-12-01

Full Text Available Globalization – the growing integration of economies and societies around the world – has been one of the most hotly-debated topics in international economics over the past few years. Rapid growth and poverty reduction in some countries that were poor 20 years ago have been positive aspects of globalization. But globalization has also generated significant international opposition to concerns about increased inequality and environmental degradation. There are many definitions of globalization. One of them could be: globalization is an ecosystem in which economic potential is no longer defined or contained by political and geographic boundaries. Economic activity has no bounds in a globalized economy. A globalized world is one where goods, services, financial capital, machinery, money, workers and ideas migrate to wherever they are most valued and can work together most efficiently, flexibly and securely. Where does economic policy come into play in this world? This paper presents some aspects of globalization and the impact on the new strategy of macroeconomics policy.

Investigating the impact of agrarian policies on conflict and ...

International Development Research Centre (IDRC) Digital Library (Canada)

2011-07-14

Jul 14, 2011 ... Investigating the impact of agrarian policies on conflict and peacebuilding ... tourism industry, defusing the conflict impact of relative land scarcity. ... the idea — flowing from the increasingly influential "Economic Theory of War" ...

The Economic Impact of Government Policy on Market Prices of Low-Fat Pork in South Korea: A Quasi-Experimental Hedonic Price Approach

Directory of Open Access Journals (Sweden)

Hyun No Kim

2018-03-01

Full Text Available The implementation of government policy can have an influence on market environment and market prices of pork in consequence. In South Korea, consumers prefer high-fat pork cuts due to the prevalence of roosting pork over a hot grill. This paper examines the impact of the government policy which aims to increase the consumption of low-fat pork cuts because of the concerns regarding asymmetric consumption between high-fat and low-fat pork cuts. Using hedonic price methods combined with quasi-experimental approaches we estimate the subsequent impact of food policy on the price of low-fat pork cuts using a time series of sales data. This study utilized an effective approach which has been widely employed for policy evaluation to produce plausible estimates of the economic values generated by the government policy. We find the existence of market segmentation and different impacts of the policy between markets. While the market price for high-fat pork cuts has remained stable, the price for low-fat pork cuts has slightly increased since the policy has been implemented. This paper illustrates that government’s policy can be a good strategy to maintain sustainability of the food industry by improving the balance in pork consumption and the management of stocks.

The impact of Monetary Policy on the economic growth of Nigeria ...

African Journals Online (AJOL)

Studies show that CBN Monetary Policy measures are effective in regulating both the monetary and real sector aggregates such as employment, prices, level of output and the rate of economic growth. Empirical findings from this study indicate that average price and labour force have significant influence on Gross Domestic ...

Nutrition economics – characterising the economic and health impact of nutrition

Science.gov (United States)

Lenoir-Wijnkoop, I.; Dapoigny, M.; Dubois, D.; van Ganse, E.; Gutiérrez-Ibarluzea, I.; Hutton, J.; Jones, P.; Mittendorf, T.; Poley, M. J.; Salminen, S.; Nuijten, M. J. C.

2011-01-01

There is a new merging of health economics and nutrition disciplines to assess the impact of diet on health and disease prevention and to characterise the health and economic aspects of specific changes in nutritional behaviour and nutrition recommendations. A rationale exists for developing the field of nutrition economics which could offer a better understanding of both nutrition, in the context of having a significant influence on health outcomes, and economics, in order to estimate the absolute and relative monetary impact of health measures. For this purpose, an expert meeting assessed questions aimed at clarifying the scope and identifying the key issues that should be taken into consideration in developing nutrition economics as a discipline that could potentially address important questions. We propose a first multidisciplinary outline for understanding the principles and particular characteristics of this emerging field. We summarise here the concepts and the observations of workshop participants and propose a basic setting for nutrition economics and health outcomes research as a novel discipline to support nutrition, health economics and health policy development in an evidence and health-benefit-based manner. PMID:20797310

Impact of pharmaceutical policy interventions on utilization of antipsychotic medicines in Finland and Portugal in times of economic recession: interrupted time series analyses.

Science.gov (United States)

Leopold, Christine; Zhang, Fang; Mantel-Teeuwisse, Aukje K; Vogler, Sabine; Valkova, Silvia; Ross-Degnan, Dennis; Wagner, Anita K

2014-07-25

To analyze the impacts of pharmaceutical sector policies implemented to contain country spending during the economic recession--a reference price system in Finland and a mix of policies including changes in reimbursement rates, a generic promotion campaign and discounts granted to the public payer in Portugal - on utilization of, as a proxy for access to, antipsychotic medicines. We obtained monthly IMS Health sales data in standard units of antipsychotic medicines in Portugal and Finland for the period January 2007 to December 2011. We used an interrupted time series design to estimate changes in overall use and generic market shares by comparing pre-policy and post-policy levels and trends. Both countries' policy approaches were associated with slight, likely unintended, decreases in overall use of antipsychotic medicines and with increases in generic market shares of major antipsychotic products. In Finland, quetiapine and risperidone generic market shares increased substantially (estimates one year post-policy compared to before, quetiapine: 6.80% [3.92%, 9.68%]; risperidone: 11.13% [6.79%, 15.48%]. The policy interventions in Portugal resulted in a substantially increased generic market share for amisulpride (estimate one year post-policy compared to before: 22.95% [21.01%, 24.90%]; generic risperidone already dominated the market prior to the policy interventions. Different policy approaches to contain pharmaceutical expenditures in times of the economic recession in Finland and Portugal had intended--increased use of generics--and likely unintended--slightly decreased overall sales, possibly consistent with decreased access to needed medicines--impacts. These findings highlight the importance of monitoring and evaluating the effects of pharmaceutical policy interventions on use of medicines and health outcomes.

Parameter uncertainty in CGE Modeling of the environmental impacts of economic policies

International Nuclear Information System (INIS)

Abler, D.G.; Shortle, J.S.; Rodriguez, A.G.

1999-01-01

This study explores the role of parameter uncertainty in Computable General Equilibrium (CGE) modeling of the environmental impacts of macroeconomic and sectoral policies, using Costa Rica as a case for study. A CGE model is constructed which includes eight environmental indicators covering deforestation, pesticides, overfishing, hazardous wastes, inorganic wastes, organic wastes, greenhouse gases, and air pollution. The parameters are treated as random variables drawn from prespecified distributions. Evaluation of each policy option consists of a Monte Carlo experiment. The impacts of the policy options on the environmental indicators are relatively robust to different parameter values, in spite of the wide range of parameter values employed. 33 refs

Parameter uncertainty in CGE Modeling of the environmental impacts of economic policies

Energy Technology Data Exchange (ETDEWEB)

Abler, D.G.; Shortle, J.S. [Agricultural Economics, Pennsylvania State University, University Park, PA (United States); Rodriguez, A.G. [University of Costa Rica, San Jose (Costa Rica)

1999-07-01

This study explores the role of parameter uncertainty in Computable General Equilibrium (CGE) modeling of the environmental impacts of macroeconomic and sectoral policies, using Costa Rica as a case for study. A CGE model is constructed which includes eight environmental indicators covering deforestation, pesticides, overfishing, hazardous wastes, inorganic wastes, organic wastes, greenhouse gases, and air pollution. The parameters are treated as random variables drawn from prespecified distributions. Evaluation of each policy option consists of a Monte Carlo experiment. The impacts of the policy options on the environmental indicators are relatively robust to different parameter values, in spite of the wide range of parameter values employed. 33 refs.

Global climate change. Economic dimensions of a cooperative international policy response beyond 2000

International Nuclear Information System (INIS)

1995-01-01

The purpose of this study is to assess the economic implications of a range of international abatement strategies and to identify the most cost effective approaches to achieve given environmental objectives. International responses to concerns about global warming are discussed and trends in sectoral and global patterns of production, consumption and trade are examined with a view to providing a business as-usual scenario for carbon dioxide emissions to the year 2020. The study uses a dynamic general equilibrium model of the world economy, MEGABARE. Simulation results for alternative stabilisation and emission reduction targets are also presented. Policy options are evaluated in terms of their effectiveness in stabilizing carbon dioxide emissions and impact on economic welfare in various countries and regions, including an analysis of the feedhack effects of policies on developing countries. Equity principles and rules, and joint implementation issues are also considered. The focus is on designing approaches to reduce carbon dioxide emissions by the same amount as stabilisation policies, but at lower cost to the international community and with more equitable sharing of costs. An analysis of tradable carbon dioxide emission quota schemes is provided and some broad policy conclusions are noted in the final chapter on the economic impacts of emission abatement policies. 84 refs., 22 tabs., 50 figs

Water Economics and Policy

Directory of Open Access Journals (Sweden)

Julio Berbel

2017-10-01

Full Text Available Economics plays a double role in the field of water management, firstly as a powerful analytical tool supporting water allocation and policy decisions, and secondly in the form of policy instruments (water pricing, markets, etc.. This Special Issue presents a platform for sharing results connecting excellent interdisciplinary research applied to different regional and sectoral problems around the world. The 22 peer-reviewed papers collected in this Special Issue have been grouped into five broad categories: Water valuation and accounting; Economic instruments; Cost effectiveness and cost-benefit analysis; and Water productivity and Governance. They are briefly presented.

Economic impacts of Medicaid in North Carolina.

Science.gov (United States)

Dumas, Christopher; Hall, William; Garrett, Patricia

2008-01-01

in North Carolina. This study finds that Medicaid makes a large contribution to state and local economic activity by creating jobs, income, and profit in North Carolina. Any changes to the Medicaid program should be made with caution. The rising costs of health care and the appropriate role of government health insurance programs are the object of current policy debates. Informed discussion of these issues requires good information on the economic and health consequences of alternative policy choices. This is the first systematic study of the broader economic impacts of Medicaid expenditures in North Carolina.

Management of science policy, sociology of science policy and economics of science policy

CERN Document Server

Ruivo, Beatriz

2017-01-01

'Management of science policy, sociology of science policy and economics of science policy' is a theoretical essay on the scientific foundation of science policy (formulation, implementation, instruments and procedures). It can be also used as a textbook.

Economics, ethics, and climate policy: framing the debate

Science.gov (United States)

Howarth, Richard B.; Monahan, Patricia A.

1996-04-01

This paper examines the economic and ethical dimensions of climate policy in light of existing knowledge of the impacts of global warming and the costs of greenhouse gas emissions abatement. We find that the criterion of economic efficiency, operationalized through cost-benefit analysis, is ill-equipped to cope with the pervasive uncertainties and issues of intergenerational fairness that characterize climate change. In contrast, the concept of sustainable development—that today's policies should ensure that future generations enjoy life opportunities undiminished relative to the present—is a normative criterion that explicitly addresses the uncertainties and distributional aspects of global environmental change. If one interprets the sustainability criterion to imply that it is morally wrong to impose catastrophic risks on unborn generations when reducing those risks would not noticeably diminish the quality of life of existing persons, a case can be made for significant steps to reduce greenhouse gas emissions.

THE IMPACT OF FISCAL POLICY ON ECONOMIC GROWTH IN THE COUNTRIES OF EASTERN EUROPE

OpenAIRE

BOLDEANU Florin Teodor; TACHE Ileana; ION Mădălin-Sebastian

2015-01-01

This paper deals with the effects of fiscal policy on economic growth in 10 countries of Eastern Europe. For this analysis we to use two regression models. The results of the first model provide information on the factors that influence economic growth. Thus, direct taxes, indirect taxes, total income taxes, social contributions and the economic crisis had an effect on economic growth. Of these variables, total taxable income had a positive effect and indirect taxes and social contributions h...

Economic growth and mortality: do social protection policies matter?

Science.gov (United States)

Bilal, Usama; Cooper, Richard; Abreu, Francis; Nau, Claudia; Franco, Manuel; Glass, Thomas A

2017-08-01

In the 20th century, periods of macroeconomic growth have been associated with increases in population mortality. Factors that cause or mitigate this association are not well understood. Evidence suggests that social policy may buffer the deleterious impact of economic growth. We sought to explore associations between changing unemployment (as a proxy for economic change) and trends in mortality over 30 years in the context of varying social protection expenditures. We model change in all-cause mortality in 21 OECD (Organization for Economic Cooperation and Development) countries from 1980 to 2010. Data from the Comparative Welfare States Data Set and the WHO Mortality Database were used. A decrease in the unemployment rate was used as a proxy for economic growth and age-adjusted mortality rates as the outcome. Social protection expenditure was measured as percentage of gross domestic product expended. A 1% decrease in unemployment (i.e. the proxy for economic growth) was associated with a 0.24% increase in the overall mortality rate (95% confidence interval: 0.07;0.42) in countries with no changes in social protection. Reductions in social protection expenditure strengthened this association between unemployment and mortality. The magnitude of the association was diminished over time. Our results are consistent with the hypothesis that social protection policies that accompany economic growth can mitigate its potential deleterious effects on health. Further research should identify specific policies that are most effective. © The Author 2017; all rights reserved. Published by Oxford University Press on behalf of the International Epidemiological Association

Economic Models as Devices of Policy Change

DEFF Research Database (Denmark)

Henriksen, Lasse Folke

2013-01-01

Can the emergence of a new policy model be a catalyst for a paradigm shift in the overall interpretative framework of how economic policy is conducted within a society? This paper claims that models are understudied as devices used by actors to induce policy change. This paper explores the role...... of models in Danish economic policy, where, from the 1970s onwards, executive public servants in this area have exclusively been specialists in model design. To understand changes in economic policy, this paper starts with a discussion of whether the notion of paradigm shift is adequate. It then examines...... the extent to which the performativity approach can help identify macroscopic changes in policy from seemingly microscopic changes in policy models. The concept of performativity is explored as a means of thinking about the constitution of agency directed at policy change. The paper brings this concept...

Agriculture and greenhouse effect: economic regulation of cross impacts and combination of agricultural and environmental policies - analysis for the France and extension to the european union. Economic analysis of the interactions agriculture- greenhouse effect

International Nuclear Information System (INIS)

Jayet, P.A.

2002-09-01

The objectives of the research program are: the impacts evaluation of a double relation climate - agriculture on the agricultural production and the greenhouse gases emission; the compatibility of agricultural policies and environmental policies of the sector. Simulations are realized at a regional scale with a coupling of economical and biophysical models (manure spreading, cultivation yield). (A.L.B.)

THE IMPACT OF GLOBALIZATION AND GOVERNANCE ON LOCAL ECONOMIC DEVELOPMENT

OpenAIRE

Armenia ANDRONICEANU

2013-01-01

Globalization and the crises context have influenced the local economic development in Romania and determined the government to adapt its policies according to them. This paper presents part of the results of a specific research on the impact of globalization and the government policies to the local economic development. The sample was composed by small and medium size enterprises from Bucharest. They are specialized in export of products from three main areas. The research methodology includ...

Do oil shocks predict economic policy uncertainty?

Science.gov (United States)

Rehman, Mobeen Ur

2018-05-01

Oil price fluctuations have influential role in global economic policies for developed as well as emerging countries. I investigate the role of international oil prices disintegrated into structural (i) oil supply shock, (ii) aggregate demand shock and (iii) oil market specific demand shocks, based on the work of Kilian (2009) using structural VAR framework on economic policies uncertainty of sampled markets. Economic policy uncertainty, due to its non-linear behavior is modeled in a regime switching framework with disintegrated structural oil shocks. Our results highlight that Indian, Spain and Japanese economic policy uncertainty responds to the global oil price shocks, however aggregate demand shocks fail to induce any change. Oil specific demand shocks are significant only for China and India in high volatility state.

Economic and Policy Review: Editorial Policies

African Journals Online (AJOL)

The NESG Economic and Policy Review (EPR) is a quarterly publication of the ... of government and the Nigerian economy in the short, medium and long terms. ... must be of impeccable quality and must conform to world class standard.

The Impact of Monetary Policy on Bank Credit During Economic Crisis: Indonesia's Experience

OpenAIRE

Mongid, Abdul

2008-01-01

The monetary policy mechanism by which monetary policy was transmitted to thereal economy had emerged as the pivotal discussion topic recently. This paper tried to discussthe impact of Bank Indonesia’s monetary policy on loan bank. By using simple loan bankframework we concluded that monetary policies were able to influence loan bank. Themonetary variables such as discount rate policy, base money and exchange rate policy werevery important in determining the banking credit. As the credit was ...

Bio-economic modelling to assess the impact of water pricing policies at the farm level in the Oum Zessar watershed, southern Tunisia

NARCIS (Netherlands)

Jeder, H.; Sghaier, M.; Louhchi, P.; Reidsma, P.

2014-01-01

For integrated assessment at farm level, the Farm System SIMulator model (FSSIM) was used. FSSIM is a bio-economic model developed for the European context, and was adapted and tested for Tunisian conditions to assess, ex-ante, impacts of water pricing policies at the farm level to the year 2015.

Economic and health efficiency of education funding policy.

Science.gov (United States)

Curtin, T R; Nelson, E A

1999-06-01

Public spending programmes to reduce poverty, expand primary education and improve the economic status of women are recommended priorities of aid agencies and are now gradually being reflected in third world governments' policies, in response to aid conditions imposed by the World Bank and OECD countries. However outcomes fall short of aspiration. This paper shows that donors' lending policies, especially those restricting public spending on education to the primary level, (1) perpetuate poverty, (2) minimise socio-economic impact of public health programmes and (3) prevent significant improvement in the economic status of women. These effects are the result of fundamental flaws in donors' education policy model. Evidence is presented to show that health status in developing countries will be significantly enhanced by increasing the proportion of the population which has at least post-primary education. Heads of households with just primary education have much the same probability of experiencing poverty and high mortality of their children as those with no education at all. Aid donors' policies, which require governments of developing countries to limit public funding of education to the primary level, have their roots in what is contended here to be an erroneous interpretation of human capital theory. This interpretation focuses only on the declining marginal internal rates of return on public investments in successive levels of schooling and ignores the opposite message of the increasing marginal net present values of those investments. Cars do not travel fastest in their lowest gear despite its fastest acceleration, life's long journey is not most comfortable for those with only primary schooling.

Estimating Non-Market Impacts of Climate Change and Climate Policy

International Nuclear Information System (INIS)

Rothman, D.S.; Amelung, B.; Polome, P.

2003-01-01

A number of studies over the past few decades have attempted to estimate the potential impacts of climate change and climate policy. For reasons related to, inter alia, our incomplete understanding of the workings of many natural and social systems, the tremendous spatial and temporal variability in these systems, and the long time frames over which the issue of climate change will play out, there are large degrees of uncertainty in these estimates. Some of the most rancorous debates, however, have focused on those studies that have attempted to place economic values on these impacts. This should not be surprising as the outcomes of these studies have played an important role in the debates over climate policy. Rightly or wrongly, the estimates presented in these studies are often held up against similar estimates of the costs of mitigating against climate change. The process of economic valuation of environmental and social issues is still relatively young, much less its application to the potential impacts of climate change and climate policy. Issues such as climate change push existing techniques to their limits, and possibly beyond. Among the topics that have raised the most concern are the choice of the proper baseline against which to make comparisons, the treatment of uncertainty in human and natural systems, incomplete accounting, the actual valuation of specific impacts, and the aggregation of impacts over time and across widely differing societies. Some of the more recent studies have tried to address these issues, albeit not always satisfactorily. One aspect that makes the economic valuation of environmental and social issues difficult is that it requires addressing impacts that are not typically associated with economic markets, so called nonmarket impacts. In addition to not being traded in markets, many of these impacts affect goods and services that have the characteristic of being public goods, i.e. it is not possible to restrict their use to a

Science and the economic crisis impact on science, lessons from science

CERN Document Server

Sylos Labini, Francesco

2016-01-01

This book not only explores the ways in which the economic crisis and associated austerity policies have adversely impacted the physical and human infrastructure and conduct of scientific research, but also considers how science can help us to understand the crisis and provide original solutions. Starting with a detailed but accessible analysis of the scientific method and the nature of scientific prediction, the book proceeds to address the failure to forecast the economic crisis and the origins of the continuing inertia in economic policy and theory. Attention is drawn in particular to the shortcomings of neoclassical economics in terms of its description of the economic system as being mechanical in nature and characterized by equilibrium. This perspective mirrors the limitations and outdated ideas of nineteenth century physics, which the book contrasts with the insights offered by modern physics. The impact of neoliberal ideologies on scientific research is also discussed in detail, highlighting their sti...

Socio-economic impact analysis of new AECB regulations

International Nuclear Information System (INIS)

Rochman, E.H.

1985-06-01

The federal government's Socio-Economic Impact Analysis (SEIA) policy has been in effect since 1978. Under this policy, all new or amended regulations concerning health, safety, or fairness are subjected to a screening exercise which determines whether the regulations are 'major' or 'minor'. The costs and benefits of major regulations are analyzed in depth. This paper describes the SEIA policy and explains some of the basic concepts. Then the steps the Atomic Energy Control Board (AECB) follows in the analysis of new regulations are summarized. Finally, the AECB's past and forthcoming experience with the SEIA policy is discussed

A Model for Assessing the Gender Aspect in Economic Policy

Directory of Open Access Journals (Sweden)

Ona Rakauskienė

2015-06-01

Full Text Available The purpose of research is to develop a conceptual model for assessing the impact of the gender aspect on economic policy at macro– and microeconomic levels. The research methodology is based on analysing scientific approaches to the gender aspect in economics and gender–responsive budgeting as well as determining the impact of the gender aspect on GDP, foreign trade, the state budget and the labour market. First, the major findings encompass the main idea of a conceptual model proposing that a socio–economic picture of society can be accepted as completed only when, alongside public and private sectors, includes the care/reproductive sector that is dominated by women and creating added value in the form of educated human resources; second, macroeconomics is not neutral in terms of gender equality. Gender asymmetry is manifested not only at the level of microeconomics (labour market and business but also at the level of macroeconomics (GDP, the state budget and foreign trade, which has a negative impact on economic growth and state budget revenues. In this regard, economic decisions, according to the principles of gender equality and in order to achieve gender equality in economics, must be made, as the gender aspect has to be also implemented at the macroeconomic level.

Nudges, shoves and budges: Behavioural economic policy frameworks.

Science.gov (United States)

Oliver, Adam

2018-01-01

Behavioural economics-the study of human decision making and how it sometimes deviates systematically from the assumptions of standard economic theory-has attracted a lot of attention in the health policy discourse over recent years. Many appear to believe that behavioural economic findings can be used only to help inform policies that manipulate the choices made by citizens, ie, the so-called nudge policy. However, these findings can be used to inform several different policy frameworks, from seemingly innocuous liberty-preserving changes to the contexts people operate in, to the outlawing of certain corporate behaviours. This article depicts diagrammatically, with the aid of a "behavioural policy cube" and in relation to smoking cessation interventions, the conceptual parameters of several behavioural economic-informed policy frameworks, which could be easily extended to other areas of health, and indeed broader public, policy. Copyright © 2017 John Wiley & Sons, Ltd.

Sustainable city policy. Economic, environmental, technological

Energy Technology Data Exchange (ETDEWEB)

Camagni, R.; Capello, R. [Politecnico di Milano, Milan (Italy). Economics Dept.; Nijkamp, P. [Dept. of Spatial Economics. Fac. of Economics and Econometrics. Vrije Univ., Amsterdam (Netherlands)

1995-12-31

While the reasons for advocating intensified environmental concerns at the urban level are more and more accepted and clear, the question how to overcome such concerns is still fraught with many difficulties. The aim of the present paper is to formulate some policy guidelines, based on economic principles, for a `sustainable city`; it is an ambitious aim, since a unique and operationally defined `recipe` is difficult to envisage. An urban policy for a sustainable city needs to take different (and contrasting) aspects and many conflicting interests into consideration, while many political, social and economic frictions need to be overcome. A description of various aspects and concepts concerning sustainability issues at the urban level is given in Section 2. Section 3 then provides some considerations on possible technological, economic and environmental urban policies, by creating a typo logy of policy tools associated with different causes of urban decline. Section 4 provides some new, and partly provocative, suggestions for specific urban sustainability policies; in particular it deals with the problem of urban sustainability indicators, measures, and critical threshold levels at which urban sustainability policies should be implemented. Some reflective remarks will conclude the paper. 3 figs., 4 tabs., 25 refs.

Sustainable city policy. Economic, environmental, technological

International Nuclear Information System (INIS)

Camagni, R.; Capello, R.

1995-01-01

While the reasons for advocating intensified environmental concerns at the urban level are more and more accepted and clear, the question how to overcome such concerns is still fraught with many difficulties. The aim of the present paper is to formulate some policy guidelines, based on economic principles, for a 'sustainable city'; it is an ambitious aim, since a unique and operationally defined 'recipe' is difficult to envisage. An urban policy for a sustainable city needs to take different (and contrasting) aspects and many conflicting interests into consideration, while many political, social and economic frictions need to be overcome. A description of various aspects and concepts concerning sustainability issues at the urban level is given in Section 2. Section 3 then provides some considerations on possible technological, economic and environmental urban policies, by creating a typo logy of policy tools associated with different causes of urban decline. Section 4 provides some new, and partly provocative, suggestions for specific urban sustainability policies; in particular it deals with the problem of urban sustainability indicators, measures, and critical threshold levels at which urban sustainability policies should be implemented. Some reflective remarks will conclude the paper. 3 figs., 4 tabs., 25 refs

The impact of labor policies on the health of young children in the context of economic globalization.

Science.gov (United States)

Heymann, Jody; Earle, Alison; McNeill, Kristen

2013-01-01

Globalization has transformed the workplace at the same time that increasing numbers of children live in families in which all adults work for pay outside the home. Extensive research evidence demonstrates the importance of parental involvement in the early years of a child's life. Yet, parents caring for young children may face challenges in fulfilling both work and family responsibilities under current labor force conditions. In this article, we review the evidence on the importance of parental care for meeting young children's routine care needs, preventive health care needs, and curative medical treatment requirements. We examine the evidence regarding the impact of four policies in particular on young children's health and development: parental leave, breastfeeding breaks, early childhood care and education, and leave for children's health needs. Last, we examine the availability of these policies worldwide and discuss the potential economic implications.

Anticipating the uncertain: economic modeling and climate change policy

Energy Technology Data Exchange (ETDEWEB)

Jensen, Svenn

2012-11-01

With this thesis I wish to contribute to the understanding of how uncertainty and the anticipation of future events by economic actors affect climate policies. The thesis consists of four papers. Two papers are analytical models which explicitly consider that emissions are caused by extracting scarce fossil fuels which in the future must be replaced by clean technologies. The other two are so called numerical integrated assessment models. Such models represent the world economy, the climate system and the interactions between those two quantitatively, complementing more abstract theoretical work. Should policy makers discriminate between subsidizing renewable energy sources such as wind or solar power, and technologies such as carbon capture and storage (CCS)? Focusing only on the dynamic supply of fossil fuels and hence Co{sub 2}, we find here that cheaper future renewables cause extraction to speed up, lower costs of CCS may delay it. CCS hence may dampen the dynamic inefficiency caused by the absence of comprehensive climate policies today. Does it matter whether uncertainty about future damage assessment is due to scientific complexities or stems from the political process? In paper two, I find that political and scientific uncertainties have opposing effects on the incentives to investment in renewables and the extraction of fossil fuels: The prospect of scientific learning about the climate system increases investment incentives and, ceteris paribus, slows extraction down; uncertainty about future political constellations does the opposite. The optimal carbon tax under scientific uncertainty equals expected marginal damages, whereas political uncertainty demands a tax below marginal damages that decreases over time. Does uncertainty about economic growth impact optimal climate policy today? Here we are the first to consistently analyze how uncertainty about future economic growth affects optimal emission reductions and the optimal social cost of carbon. We

Innovative energy technologies in energy-economy models: assessing economic, energy and environmental impacts of climate policy and technological change in Germany.

Energy Technology Data Exchange (ETDEWEB)

Schumacher, K.

2007-04-18

Energy technologies and innovation are considered to play a crucial role in climate change mitigation. Yet, the representation of technologies in energy-economy models, which are used extensively to analyze the economic, energy and environmental impacts of alternative energy and climate policies, is rather limited. This dissertation presents advanced techniques of including technological innovations in energy-economy computable general equilibrium (CGE) models. New methods are explored and applied for improving the realism of energy production and consumption in such top-down models. The dissertation addresses some of the main criticism of general equilibrium models in the field of energy and climate policy analysis: The lack of detailed sectoral and technical disaggregation, the restricted view on innovation and technological change, and the lack of extended greenhouse gas mitigation options. The dissertation reflects on the questions of (1) how to introduce innovation and technological change in a computable general equilibrium model as well as (2) what additional and policy relevant information is gained from using these methodologies. Employing a new hybrid approach of incorporating technology-specific information for electricity generation and iron and steel production in a dynamic multi-sector computable equilibrium model it can be concluded that technology-specific effects are crucial for the economic assessment of climate policy, in particular the effects relating to process shifts and fuel input structure. Additionally, the dissertation shows that learning-by-doing in renewable energy takes place in the renewable electricity sector but is equally important in upstream sectors that produce technologies, i.e. machinery and equipment, for renewable electricity generation. The differentiation of learning effects in export sectors, such as renewable energy technologies, matters for the economic assessment of climate policies because of effects on international

Economics and austerity in Europe: gendered impacts and sustainable alternatives

OpenAIRE

Bargawi, Hannah; Cozzi, Giovanni; Himmelweit, Sue

2016-01-01

This book brings together the research of leading feminist economists in the area of gender and austerity economics. By conducting a rigorous gender-impact analysis at national and pan-European levels, not only do the chapters of the book offer thorough evidence for the detrimental gender-impact of austerity policies across Europe, but they also provide readers with concrete suggestions of alternative policies that national governments and the European Union should adopt. The focus is on the ...

Social class and policy preferences: implications for economic inequality and interclass relations.

Science.gov (United States)

Bullock, Heather E

2017-12-01

Record-setting levels of income and wealth inequality are deepening social class divisions. The adoption of strong progressive redistributive policies is crucial to reducing class inequities, yet many barriers to doing so exist. This review examines class-based policy preferences, focusing on the effects of economic self-interest, system justification, and classist, racist, and sexist stereotypes on policy support. The impact of broader economic conditions is also considered. Collectively, this body of research makes clear that building stronger cross-class support for redistributive policies and programs will prove difficult without addressing both class-based power differences and beliefs that justify inequality. Reducing stereotypes and developing a shared sense of societal responsibility that cuts across class lines can help advance these goals. Social psychological research is vital to informing these efforts. Copyright © 2017 Elsevier Ltd. All rights reserved.

Reimbursement-Based Economics--What Is It and How Can We Use It to Inform Drug Policy Reform?

Science.gov (United States)

Coyle, Doug; Lee, Karen M; Mamdani, Muhammad; Sabarre, Kelley-Anne; Tingley, Kylie

2015-01-01

In Ontario, approximately $3.8 billion is spent annually on publicly funded drug programs. The annual growth in Ontario Public Drug Program (OPDP) expenditure has been limited to 1.2% over the course of 3 years. Concurrently, the Ontario Drug Policy Research Network (ODPRN) was appointed to conduct drug class review research relating to formulary modernization within the OPDP. Drug class reviews by ODPRN incorporate a novel methodological technique called reimbursement-based economics, which focuses on reimbursement strategies and may be particularly relevant for policy-makers. To describe the reimbursement-based economics approach. Reimbursement-based economics aims to identify the optimal reimbursement strategy for drug classes by incorporating a review of economic literature, comprehensive budget impact analyses, and consideration of cost-effectiveness. This 3-step approach is novel in its focus on the economic impact of alternate reimbursement strategies rather than individual therapies. The methods involved within the reimbursement-based approach are detailed. To facilitate the description, summary methods and findings from a recent application to formulary modernization with respect to the drug class tryptamine-based selective serotonin receptor agonists (triptans) used to treat migraine headaches are presented. The application of reimbursement-based economics in drug policy reforms allows policy-makers to consider the cost-effectiveness and budget impact of different reimbursement strategies allowing consideration of the trade-off between potential cost savings vs increased access to cost-effective treatments. © 2015 American Headache Society.

The Impact of Education Investment on Sri Lankan Economic Growth

Science.gov (United States)

Ganegodage, K. Renuka; Rambaldi, Alicia N.

2011-01-01

We evaluate the contribution of investment on education to Sri Lanka's economic growth during the period 1959-2008. Physical capital, economic policy changes and the ethnic war are also evaluated due to their substantial importance. This study uses a framework encompassing both the neoclassical and endogenous growth model. The impact of education…

Regional economic impacts of Grand Canyon river runners.

Science.gov (United States)

Hjerpe, Evan E; Kim, Yeon-Su

2007-10-01

Economic impact analysis (EIA) of outdoor recreation can provide critical social information concerning the utilization of natural resources. Outdoor recreation and other non-consumptive uses of resources are viewed as environmentally friendly alternatives to extractive-type industries. While outdoor recreation can be an appropriate use of resources, it generates both beneficial and adverse socioeconomic impacts on rural communities. The authors used EIA to assess the regional economic impacts of rafting in Grand Canyon National Park. The Grand Canyon region of northern Arizona represents a rural US economy that is highly dependent upon tourism and recreational expenditures. The purpose of this research is twofold. The first is to ascertain the previously unknown regional economic impacts of Grand Canyon river runners. The second purpose is to examine attributes of these economic impacts in terms of regional multipliers, leakage, and types of employment created. Most of the literature on economic impacts of outdoor recreation has focused strictly on the positive economic impacts, failing to illuminate the coinciding adverse and constraining economic impacts. Examining the attributes of economic impacts can highlight deficiencies and constraints that limit the economic benefits of recreation and tourism. Regional expenditure information was obtained by surveying non-commercial boaters and commercial outfitters. The authors used IMPLAN input-output modeling to assess direct, indirect, and induced effects of Grand Canyon river runners. Multipliers were calculated for output, employment, and income. Over 22,000 people rafted on the Colorado River through Grand Canyon National Park in 2001, resulting in an estimated $21,100,000 of regional expenditures to the greater Grand Canyon economy. However, over 50% of all rafting-related expenditures were not captured by the regional economy and many of the jobs created by the rafting industry are lower-wage and seasonal. Policy

Borrowing green. Economic and environmental effects of green fiscal policy in The Netherlands

International Nuclear Information System (INIS)

Scholtens, B.

2001-01-01

This paper analyzes the economic and environmental impact of a policy instrument that is related to the tax deductibility of interest returns and dividend yields from specified 'green' projects. We investigate this so-called 'Green Project Facility' (Regeling Groenprojecten) in the Netherlands during 1995-1999. We analyze the effect on tax income, economic growth, employment, as well as on the emission of a number of gases and on solid waste production. We find that the economic effects in general are positive. This policy instrument increases growth, employment, and net tax income. However, the environmental effects are quite mixed. This especially results from the fact that a lot of projects would have been undertaken anyhow. Furthermore, we find that this green fiscal policy instrument is skewed towards energy and building. It appears to neglect environmental problems with consumer households, industry, and transport. 8 refs

Emerging Economic Entity Crises in Post Financial Crisis Era – The impact and countermeasures against the escape of America from quantitative easing policy

Directory of Open Access Journals (Sweden)

Yu Hua

2015-01-01

Full Text Available Five years from the eruption of financial crisis in 2008, the global economy is also on its way to the restoration, among which the emerging economic entities, typically China, India, Brazil, South Africa, Indonesia, etc., have rapidly run away from the crisis and led the recovery of global economy, which may be considered as the engine of global economy growth in the post financial crisis. While, with the America declaring that it would gradually reduce the quantitative easing (QE scale and escaped from the quantitative easing policy in the mid 2014, the fluctuation of global financial market was rapidly intensified, and the risk assets were largely sold off, with the emerging economic entities suffering serious impact. Furthermore, the anxiety about the “third round of financial crisis will burst out due to the emerging economic entities” is increasingly intensified. This article will first analyze the current economic situation of main global economic entities, discuss about the impact of America’s escape from QE on the emerging economic entity and its mechanism, and finally propose the countermeasures for China.

Passenger transport in Nigeria: Environmental and economic analysis with policy recommendations

International Nuclear Information System (INIS)

Gujba, H.; Mulugetta, Y.; Azapagic, A.

2013-01-01

This paper presents the life cycle environmental impacts and economic costs of the passenger transport sector in Nigeria for 2003–2030. Four scenarios are considered: business as usual (BAU); increased use of public transport (buses) at the expense of cars (LOWCAR) and motorcycles (LOWMC), respectively; and high economic growth with increased car ownership and decline of public transport (HICAR). The findings show that for the BAU scenario the life cycle environmental impacts double over the period, despite the assumption of increased fuel and vehicle efficiency of 35% over time. The total fuel costs at the sectoral level increase three times, from US$3.4 billion/yr in 2003 to US$9.7 billion in 2030. Increasing the use of buses would reduce the environmental impacts on average by 15–20% compared to BAU; at the same time, the total fuel costs would be 25–30% lower. If the use of cars grows much faster due to a high economic growth as in HICAR, the environmental impacts and fuel costs would increase by 16% and 26%, respectively. These results demonstrate clearly that future transport policy in Nigeria should promote and incentivise public (bus) transport as a much more environmentally and economically sustainable option than transport by cars and motorcycles. - Highlights: ► The life cycle environmental impacts of passenger transport in Nigeria estimated for 2003–2030. ► The tradeoffs between economic costs and environmental impacts discussed. ► Scenarios considered: business as usual; sustainable transport; high economic growth. ► Public transport is more sustainable than transport by cars and motorcycles. ► Ending gas flaring would improve substantially environmental, economic and social impacts

Laboratory Experiments in Teaching Public Economics and Policy

Directory of Open Access Journals (Sweden)

Špačková Zuzana

2015-05-01

Full Text Available This paper deals with classroom experiments in economics, which have been derived from laboratory experiments. These experiments cover a broad range of topics, from strictly economic ones (like market games or auctions to those with overlaps to other domains such as public policy. The paper discusses different methodologies of research and classroom experiments, introduces the benefits of the latter and presents a concrete teaching experiment used in public economics courses at the Faculty of Economics and Administration of Masaryk University. Another link between economic experiments and public policy is outlined here as well, namely the importance of experimental results for public policy makers.

Assessing the impact of information and framing on support for climate policy action

International Nuclear Information System (INIS)

Hatfield-Dodds, Steve

2007-01-01

Full text: A significant share of the public appears mislead by the way the economic impacts of emissions reductions are traditionally communicated. This misunderstanding is associated with reduced support for policy action, and risks long term climate impacts that would be avoided if results were communicated properly. Correct this basis appears likely to have a larger effect on attitudes than new research and information on the impacts of climate change. Government action to achieve deep cuts in greenhouse gas emissions - like other major policy changes -depends on public support, which in turn depends on perceptions of policy impacts. This paper reports research exploring the effect of three factors on support for policy action: the way that policy impacts are described; the magnitude of these impacts, and additional information on climate change impacts, provided internally through the surveys and externally through the release of An Inconvenient Truth and media coverage of the Stern Report (2006). The research used split sample phone and internet surveys (n = 4264) conducted in Australia and New Zealand in four waves from April to December 2006. The study gives rise to four major findings: Support for policy action is sensitive to the magnitude of expected economic impacts, with predicted support varying from 27% to 84% across the different levels of policy impact presented; Current approaches to communicating policy impacts are associated with public support for policy action being 8-10% lower than it would be if policy impacts were well communicated. This bias may be corrected by describing policy impacts in terms of changes relative to current levels - stating that incomes continue to rise - as well as describing impacts relative to the base case; The reduction in support associated with these biases is much larger than the increase in support associated with providing credible additional information on the impacts of climate change; Significantly more than

Impact of Nonmedical Vaccine Exemption Policies on the Health and Economic Burden of Measles.

Science.gov (United States)

Whittington, Melanie D; Kempe, Allison; Dempsey, Amanda; Herlihy, Rachel; Campbell, Jonathan D

2017-07-01

Despite relatively high national vaccination coverage for measles, geographic vaccination variation exists resulting in clusters of susceptibility. A portion of this geographic variation can be explained by differences in state policies related to nonmedical vaccine exemptions. The objective of this analysis was to determine the magnitude, likelihood, and cost of a measles outbreak under different nonmedical vaccine exemption policies. An agent-based transmission model simulated the likelihood and magnitude of a measles outbreak under different nonmedical vaccine exemption policies, previously categorized as easy, medium, or difficult. The model accounted for measles herd immunity, infectiousness of the pathogen, vaccine efficacy, duration of incubation and communicable periods, acquired natural immunity, and the rate of recovery. Public health contact tracing was also modeled. Model outcomes, including the number of secondary cases, hospitalizations, and deaths, were monetized to determine the economic burden of the simulated outbreaks. A state with easy nonmedical vaccine exemption policies is 140% and 190% more likely to experience a measles outbreak compared with states with medium or difficult policies, respectively. The magnitude of these outbreaks can be reduced by half by strengthening exemption policies. These declines are associated with significant cost reductions to public health, the health care system, and the individual. Strengthening nonmedical vaccine exemption policies is 1 mechanism to increase vaccination coverage to reduce the health and economic effect of a measles outbreak. States exploring options for decreasing their vulnerability to outbreaks of vaccine-preventable diseases should consider more stringent requirements for nonmedical vaccine exemptions. Copyright © 2017 Academic Pediatric Association. Published by Elsevier Inc. All rights reserved.

Public Policy Responses to the Global Financial and Economic Crisis

African Journals Online (AJOL)

This article aims to assess the impact of the global fi nancial and economic crisis on two sectors in South Africa, namely, the automobile sector and the textile and clothing sector. It also examines the role of public policy in responding to that crisis. Its main objective is to determine whether or not those responses were ...

The challenges and opportunities of climate change policy under different stages of economic development.

Science.gov (United States)

Liobikienė, Genovaitė; Butkus, Mindaugas

2018-06-18

Climate change policy confronts with many challenges and opportunities. Thus the aim of this study was to analyse the impact of gross domestic product (hereinafter GDP), trade, foreign direct investment (hereinafter FDI), energy efficiency (hereinafter EF) and renewable energy (hereinafter RE) consumption on greenhouse gas (hereinafter GHG) emissions in 1990-2013 and reveal the main challenges and opportunities of climate policy for which policy makers should take the most attention under different stages of economic development. The results showed that the economic growth significantly contributed to the increase of GHG emissions and remains the main challenge in all groups of countries. Analysing the trade impact on pollution, the results revealed that the growth of export (hereinafter EX) significantly reduced GHG emissions only in high income countries. However, the export remains a challenge in low income countries. FDI insignificantly determined the changes in GHG emissions in all groups of countries. Meanwhile, energy efficiency and share of renewable energy consumption are the main opportunities of climate change policy because they reduce the GHG emissions in all groups of countries. Thus, technological processes, the increase of energy efficiency and the shift from carbon to renewable energy sources are the main tools implementing the climate change policy in all countries despite the different stage of economic development. Copyright © 2018 Elsevier B.V. All rights reserved.

Structural and Logical Stepwise Design of Mechanism of Implementing the Socio-Economic Policy of the Region

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Zadorozhneva Yuliya Vladimirovna

2014-12-01

Full Text Available The socio-economic policy of the region is characterized in two ways. On the one hand, it is an organizational form of interaction of the entities of regional socio-economic policy. This form defines the specifics of their relations, taking into account the existing conditions, resources and factors. On the other hand, it is a process of purposeful interaction between the entities and the impact on objects by the methods and tools. This process contributes to the spatio-temporal changes in the economic and social status of the regional economic system. Therefore, the structural and logical stepwise design of the mechanism of implementing the socio-economic policy of the region will allow to systematically present the content and the interconnections of its constituent entities. The author comes to the conclusion that the mechanism of implementing the socio-economic policy of the region, based on the subject-object and dynamic approaches, involves the allocation of: actors, objects, and the mechanism of actors interaction and the impact on objects within this policy. This mechanism includes the purpose, objectives, methods and tools for their achievement, as well as information and analytical system of monitoring and integrated evaluation, on the basis of which a decision is made on the effectiveness of socio-economic policy and the need for adjusting the initial goal and objectives, or choice of methods and tools for its implementation. This is reflected in the author’s structural and logical scheme of the considered mechanism, the practical significance of which lies in the ability to project in detail the main stages of implementation of socio-economic policy of the region on the basis of the principles of consistency, adequacy, resources integration, priority character, efficiency, responsibility. Each step of the suggested mechanism corresponds to the definite level of functional and structural organization – program

THE IMPACT OF CREDIT AND CAPITAL SUPPORTS ON ECONOMIC BEHAVIOR OF FARM HOUSEHOLDS: A HOUSEHOLD ECONOMIC APPROACH

Directory of Open Access Journals (Sweden)

Bernardus Bala de Rosari

2014-07-01

Full Text Available This research aimed at analysing the demand and allocation of credit and capital supports by farm household and impact on production, consumption, and investment. The research was conducted in East Nusa Tenggara Timur (ENT Province, one of targeted region of credit and capital supports policy of the government. Data collection was conducted from April to June 2013 by sampling for 178 households of farmers in Kupang District and Timor Tengah Selatan (TTS District. The result of this research showed that the allocation of credit and capital supports caused increaseof cattle production, consumption expenditure, and investment. The usage of credit and capital supports was depend on economical situation of the household itself. The decision of farm household on using credit and capital supports had impact on overall economical behavior of household, i.e. production, consumption and investment behavior. The transmission use was reciprocally interacted. Finally, the policy of credit and capital supports scheme for farmers should be adjusted with the context of farm household economics.

Economic Evaluation of Climate Change Impacts and Adaptation in Italy

International Nuclear Information System (INIS)

Gambarelli, G.; Goria, A.

2004-07-01

The paper deals with the social and economic dimensions of climate change impacts and adaptation in Italy. The ultimate aim of the paper is to provide policy makers and experts with a conceptual framework, as well as methodological and operational tools for dealing with climate change impacts and adaptation from an economic perspective. In order to do so, first a conceptual and theoretical framework of the economic assessment of climate change impacts is presented and the state of the art about impact assessment studies is briefly analysed. Then, the Italian case is taken into account, by underlying the main impacts and adaptation challenges that are likely to be implied by climate change in the next decades. The analysis of the Italian case is particularly addressed through the description of the methodology and results of two case studies. The first one, dealing mainly with impact assessment, is carried out at the national level and is part of a EC funded project on Weather Impacts on Natural, Social and Economic Systems (WISE). The second one is carried out at the local level and focuses on sea level rise impacts and adaptation in a plane south of Rome. The two case studies allow to propose simple and flexible methodologies for the economic impact assessment and the economic valuation of adaptation strategies

Effects of Social, Economic, and Labor Policies on Occupational Health Disparities

Science.gov (United States)

Siqueira, Carlos Eduardo; Gaydos, Megan; Monforton, Celeste; Slatin, Craig; Borkowski, Liz; Dooley, Peter; Liebman, Amy; Rosenberg, Erica; Shor, Glenn; Keifer, Matthew

2018-01-01

Background This article introduces some key labor, economic, and social policies that historically and currently impact occupational health disparities in the United States. Methods We conducted a broad review of the peer-reviewed and gray literature on the effects of social, economic, and labor policies on occupational health disparities. Results Many populations such as tipped workers, public employees, immigrant workers, and misclassified workers are not protected by current laws and policies, including worker’s compensation or Occupational Safety and Health Administration enforcement of standards. Local and state initiatives, such as living wage laws and community benefit agreements, as well as multiagency law enforcement contribute to reducing occupational health disparities. Conclusions There is a need to build coalitions and collaborations to command the resources necessary to identify, and then reduce and eliminate occupational disparities by establishing healthy, safe, and just work for all. PMID:23606055

A socio-economic impact assessment of the European launcher sector

Science.gov (United States)

Monte, Luca del; Scatteia, Luigi

2017-08-01

In a context where the economic strains are challenging European policies as well as the very fabric of governmental contributions to public life, innovation and efficacy of public policy in research are called upon to support growth in Europe and to sustain employment and entrepreneurial capacities. Governments need evidence that the investments in space, while providing strategic tools to implement sovereign policies, create jobs and build the competitive European economy of the future. This is particularly true when the decisions at stake have a potential bearing on the future of the European space sector for at least the next 30 years, as it has been the case for the ESA Council at ministerial level meeting in December 2014. On that occasion, Ministers took the decision to start the development of a new Ariane 6 launcher and Vega evolutions having a critical bearing on the Member States' strategic industrial capabilities and on the sustainability of the European guaranteed access to space. Given the importance of the subject, and following similar studies undertaken in the past for e.g. the Ariane 1-4 programme, the Agency has requested an independent consulting team to perform a dedicated study to assess ex-post the direct, indirect and induced socio-economic impacts of the Ariane 5 programme (mid-term evaluation) and of the Vega programme (early evaluation) globally, at European level, and within the economies and industries of each ESA Member State. This paper presents the assessment of the socio-economic impacts allowing the evaluation of the return on public investments in launchers through ESA in a wider perspective, going beyond the purely economic terms. The scope of the assessment covered in total approximately 25 ESA programmatic and activity lines and 30,000 commitments from 1986 to end 2012. In the framework of the study, the economic impact of the European launcher programmes is measured through a GDP impact defined as the straight economic

Economic issues and public alcohol abuse prevention policies in France

Science.gov (United States)

Spach, Miléna

2016-10-19

Objective: To analyse the impact of the alcohol market on the implementation of strong-willed public alcohol abuse prevention policies based on a critical review of the literature. Method: Documentary research and analysis of the alcohol market economic data were performed. An overview of public alcohol abuse prevention policies was conducted from a historical perspective by distinguishing drunkenness control policies, protection of vulnerable populations, and the fight against drink driving and drinking in the workplace. Results: Public alcohol abuse prevention policies are primarily designed to reduce the harmful consequences of alcohol occurring as a result of a drinking episode (motor vehicle accident, highway accidents, etc.), while neglecting the long-term consequences (cancer, cirrhosis, etc.). Moreover, while taxation is one of the major public health tools used to reduce the costs of alcohol-related damage on society, the State exercises legislative and tax protection for alcoholic beverages produced in France. In particular, wine benefits from a lower tax rate than other stronger forms of alcohol (spirits, liquors, etc.). The economic weight of the alcohol market can provide an explanation for these public alcohol abuse prevention policies. Conclusion: In view of the mortality caused by alcohol abuse, France must implement a proactive public policy. An alcohol taxation policy based on the alcohol content, a minimum unit pricing for alcohol, or higher taxes on alcohol are public policies that could be considered in order to reduce alcohol-related mortality.

PUBLIC POLICY, QUALITY OF INTITUTION AND ECONOMIC GROWTH IN CENTRAL AND EASTERN EUROPEAN COUNTRIES

Directory of Open Access Journals (Sweden)

DOGARU DORIN-MADALIN

2015-04-01

Full Text Available This paper analyzes the relationship between economic performance and institutional development in several Central and Eastern European Countries. Our meta-argument is that the structural transformations at the levels of the quantitative variables and mechanisms are only a part of the transition processes. In order to view the big picture, the qualitative aspects related to public policies and institutions should also be considered. We test the linkages between the quality of public policies and institutions for seven Central and Eastern European countries (Bulgaria, Poland, Czech Republic, Hungary, Slovenia, Slovakia and Romania for a time span between 2001 and 2011. These countries are displaying a certain degree of heterogeneity in terms of economic performances and the design and implementation of public policies. We use for our analysis the World Bank indicators from World Wide Governance Indicators. In order to deal with the potential reverse causality issues, we employ Generalized Method of Moments Framework (GMM by using the lagged variables as instruments. The impact of governance indicators is statistically significant even if we use several control variables: exchange rate, unemployment, current account deficit, taxes burden and price stability. The corresponding Sargan and Arellano-Bond test for zero autocorrelation in first-differenced errors tests shows that the results display a corresponding robustness. The main policy implications for our findings may be synthesized by the thesis, according to which a proper design of public policies, a high degree of their effectiveness and accountability, a stable social and political environment together with the rule of law and efficient anticorruption mechanisms are critical determinants of economic growth even in emerging markets. The impact of the government “size , economic structure and markets” mechanisms , monetary policy and price stability , ownership structure and legal rights

Intergenerational aspects of government policy under changing demographic and economic conditions.

Science.gov (United States)

Boskin, M J

1987-07-01

Changing demographic and economic conditions in the US require that attention be given to some of the intergenerational equity features of government policy. In particular, social insurance programs and public debt leave public liabilities to future generations. Taken in the aggregate, the effects of rapidly rising public debt and especially social insurance programs are transferring substantial amounts of resources from younger working generations to the expanding generation of retirees. The most crucial element in evaluating the desirability of intergenerational wealth distribution in the long run is the rate of economic growth. A society's monetary, fiscal, tax, and regulatory policies can be more or less conducive to the generation of capital formation, technical change, and economic growth. Policies that influence growth and interest rates will combine with the national deficit to determine how rapidly the debt grows or shrinks. Present accounting procedures are insufficient to provide quantitative answers to the question of what is the impact of a given program on the age-specific distributions of resources. It is important to reconsider the desirability and efficiency of intergenerational redistributions of wealth in the US. It is likely that current policies are not in line with the principles of efficiency, equity, target effectiveness, and cost effectiveness.

TTI Phase 2 Institutional Support: Economic Policy Research Centre ...

International Development Research Centre (IDRC) Digital Library (Canada)

TTI Phase 2 Institutional Support: Economic Policy Research Centre ... the Economic Policy Research Centre's (EPRC) role as a credible public policy institution in ... IWRA/IDRC webinar on climate change and adaptive water management.

Quantifying the impact of exogenous non-economic factors on UK transport oil demand

International Nuclear Information System (INIS)

Broadstock, David C.; Hunt, Lester C.

2010-01-01

This paper attempts to quantify the impact of exogenous non-economic factors on UK transport oil demand (in addition to income, price, and fuel efficiency) by estimating the demand relationship for oil transport for 1960-2007 using the structural time series model. From this, the relative impact on UK transport oil demand from income, price, and efficiency are quantified. Moreover, the relative impact of the non-economic factors is also quantified, based on the premise that the estimated stochastic trend represents behavioural responses to changes in socio-economic factors and changes in lifestyles and attitudes. The estimated elasticities for income, price and efficiency are 0.6, -0.1, and -0.3, respectively, and it is shown that for efficiency and price the overall contribution is relatively small, whereas the contribution from income and non-economic factors is relatively large. This has important implications for policy makers keen to reduce transport oil consumption and associated emissions, but not willing to reduce the trend rate of economic growth. Taxes and improved efficiency only have a limited impact; hence, a major thrust of policy should perhaps be on educating and informing consumers to persuade them to change their lifestyle and attitudes and thus reduce their consumption through the non-economic instruments route.

Quantifying the impact of exogenous non-economic factors on UK transport oil demand

Energy Technology Data Exchange (ETDEWEB)

Broadstock, David C.; Hunt, Lester C. [Surrey Energy Economics Centre (SEEC) and Research Group on Lifestyles Values and Environment (RESOLVE), Department of Economics, University of Surrey, Guildford, Surrey GU2 7XH (United Kingdom)

2010-03-15

This paper attempts to quantify the impact of exogenous non-economic factors on UK transport oil demand (in addition to income, price, and fuel efficiency) by estimating the demand relationship for oil transport for 1960-2007 using the structural time series model. From this, the relative impact on UK transport oil demand from income, price, and efficiency are quantified. Moreover, the relative impact of the non-economic factors is also quantified, based on the premise that the estimated stochastic trend represents behavioural responses to changes in socio-economic factors and changes in lifestyles and attitudes. The estimated elasticities for income, price and efficiency are 0.6, -0.1, and -0.3, respectively, and it is shown that for efficiency and price the overall contribution is relatively small, whereas the contribution from income and non-economic factors is relatively large. This has important implications for policy makers keen to reduce transport oil consumption and associated emissions, but not willing to reduce the trend rate of economic growth. Taxes and improved efficiency only have a limited impact; hence, a major thrust of policy should perhaps be on educating and informing consumers to persuade them to change their lifestyle and attitudes and thus reduce their consumption through the non-economic instruments route. (author)

Economic Impacts of Power Shortage

Directory of Open Access Journals (Sweden)

Peng Ou

2016-07-01

Full Text Available The electricity industry is a basic industry of the national economy. It has experienced several large-scale power shortages, hard power shortage and soft power shortage, which have brought a great threat to China’s sustainable economic development. To solve this problem better, it is necessary to make a quantitative assessment of the economic impacts of power shortage. The CGE model is commonly used for simulating economic shocks and policy effects. It describes supply, demand and equilibrium in different markets by simulating the economic mechanism through a set of equations. Once changed, the exogenous variables will affect a certain part of the system and then the whole system, leading to changes in quantities and prices. The equilibrium state will also change from one to another. A static CGE model is built in this paper, and the Social Accounting Matrix (SAM of eight sectors of China in 2007 is compiled, in order to simulate the economic impacts of hard power shortage and soft power shortage. Simulation results show that the negative effects of power shortage on economic development are very significant, and the effects vary in different sectors. Especially, under the background of hard power shortage, the industrial sector suffers most. The economic cost of power shortage is considerable, and the main reason for it is the specific administrative pricing system in China. The low electricity price in the long term will lead to insufficient construction and hard power shortage; moreover, that in the short run would result in soft power shortage. In order to solve the problem of power shortage completely, power system reform is inevitable.

Economics and Health Reform: Academic Research and Public Policy.

Science.gov (United States)

Glied, Sherry A; Miller, Erin A

2015-08-01

Two prior studies, conducted in 1966 and in 1979, examined the role of economic research in health policy development. Both concluded that health economics had not been an important contributor to policy. Passage of the Affordable Care Act offers an opportunity to reassess this question. We find that the evolution of health economics research has given it an increasingly important role in policy. Research in the field has followed three related paths over the past century-institutionalist research that described problems; theoretical research, which proposed relationships that might extend beyond existing institutions; and empirical assessments of structural parameters identified in the theoretical research. These three strands operating in concert allowed economic research to be used to predict the fiscal and coverage consequences of alternative policy paths. This ability made economic research a powerful policy force. Key conclusions of health economics research are clearly evident in the Affordable Care Act. © The Author(s) 2015.

Income inequality: Implications and relevant economic policies

Directory of Open Access Journals (Sweden)

Arestis Philip

2016-01-01

Full Text Available The aim of this contribution is to discuss closely the implications of income inequality and the economic policies to tackle it, especially so in view of inequality being one of the main causes of the 2007/2008 international financial crisis and the “great recession” that subsequently emerged. Wealth inequality is also important in this respect, but the focus is on income inequality. Ever since the financial crisis and the subsequent “great recession”, inequality of income, and wealth, has increased and the demand for economic policy initiatives to produce a more equal distribution of income and wealth has become more urgent. Such reduction would help to increase the level of economic activity as has been demonstrated again more recently. A number of economic policy initiatives for this purpose will be the focus of this contribution.

How Fiscal Policy Affects Non-Oil Economic Performance in Azerbaijan?

Directory of Open Access Journals (Sweden)

Khatai Aliyev

2016-09-01

Full Text Available The role of fiscal policy in promoting economic growth has been subject to many studies since its suggestion by Keynes who stated expansionary/contractionary impact of public expenditures/taxes. In this context, effectiveness of fiscal policy use to develop non-oil sector in resource rich economies should be studied. This paper investigates short- and long-run effects of budget expenditures and tax related budget revenues (direct transfers from oil fund excluded over non-oil GDP while controlling for oil price volatility and oil production in case of Azerbaijan. Autoregressive Distributed Lag Bounds Testing (ARDLBT Approach to cointegration is employed for data covering 2000Q1-2015Q2. Estimation results theoretically consistent and statistically significant long-run effects of both budget expenditures and tax-related budget revenues. However, in the short-run, the effects are contrary to the theoretical expectations. Findings are useful for Azerbaijan fiscal policy makers especially in the current complicated nature of economic processes in the economy due to oil related challenges.

An Attempt to Assess the Quantitative Impact of Institutions on Economic Growth and Economic Development

Directory of Open Access Journals (Sweden)

Próchniak Mariusz

2014-10-01

Full Text Available This study aims at assessing to what extent institutional environment is responsible for worldwide differences in economic growth and economic development. To answer this question, we use an innovative approach based on a new concept of the institutions-augmented Solow model which is then estimated empirically using regression equations. The analysis covers 180 countries during the 1993-2012 period. The empirical analysis confirms a large positive impact of the quality of institutional environment on the level of economic development. The positive link has been evidenced for all five institutional indicators: two indices of economic freedom (Heritage Foundation and Fraser Institute, the governance indicator (World Bank, the democracy index (Freedom House, and the EBRD transition indicator for post-socialist countries. Differences in physical capital, human capital, and institutional environment explain about 70-75% of the worldwide differences in economic development. The institutions-augmented Solow model, however, performs slightly poorer in explaining differences in the rates of economic growth: only one institutional variable (index of economic freedom has a statistically significant impact on economic growth. In terms of originality, this paper extends the theoretical analysis of the Solow model by including institutions, on the one hand, and shows a comprehensive empirical analysis of the impact of various institutional indicators on both the level of development and the pace of economic growth, on the other. The results bring important policy implications.

Romanian Public Expenditures Policy during the Economic Crisis

Directory of Open Access Journals (Sweden)

Anca-Ştefania SAVA

2011-03-01

Full Text Available The aim of this paper is to discuss the Romanian public expenditures policy promoted in the context of the economic and financial crisis. Firstly, we present a brief introduction on the effects of public expenditures policy to economic growth and the role of automatic stabilizers in times of economic recessions. Secondly, the paper analyzes the evolution of current and capital public expenditures before and during the economic and financial crisis, according to which unproductive spending prevailed, in detriment of productive investments which can stimulate the economic recovery.

Student Loan Debt and Economic Outcomes. Current Policy Perspective No. 14-7

Science.gov (United States)

Cooper, Daniel; Wang, J. Christina

2014-01-01

This policy brief advances the growing literature on how student loan debt affects individuals' other economic decisions. Specifically, it examines the impact of student loan liabilities on individuals' homeownership status and wealth accumulation. The analysis employs a rich set of financial and demographic control variables that are not…

An evaluation grid for the assessments of macro-economic impacts of energy transition. Working paper Nr 48

International Nuclear Information System (INIS)

Ouvrard, Jean-Francois; Scapecchi, Pascale

2014-05-01

This study aims at comparing the main available macro-economic models used to assess the consequences of policies for energy transition, and at determining their scope and limitations of validity. More precisely, the authors study the impact of two categories of policy instruments (those aimed at modifying prices and incentive ones) and the role of the adopted modelling of technical progress and of the macro-economic closure of the model. In a first part, they present various tools or models used to assess economic impacts of energy transition: technical-economic, macro-economic, general balance, and hybrid models. Then, after a presentation of some principles adopted to analyse these various models, the authors discuss price-based tools, tools based on demand support, the key role of technological progress, the impact of the macro-economic closure on the reached objective. They finally discuss the results obtained by applying an evaluation grid to energy transition scenarios. A set of recommendations is finally proposed for a better assessment of these impacts

"Economics Imperialism", Education Policy and Educational Theory

Science.gov (United States)

Allais, Stephanie

2012-01-01

This paper examines how economics imperialism (the increasing colonization of other disciplines by neoclassical economics) has affected contemporary education policies. I suggest that an increasing preoccupation with education meeting the needs of the economy, together with the prevalence of economic concepts outside of economics, have contributed…

The impacts of carbon tax and complementary policies on Chinese economy

International Nuclear Information System (INIS)

Lu, Chuanyi; Tong, Qing; Liu, Xuemei

2010-01-01

Under the pressure of global warming, it is imperative for Chinese government to impose effective policy instruments to promote domestic energy saving and carbon emissions reduction. As one of the most important incentive-based policy instruments, carbon tax has sparked a lively controversy in China. This paper explores the impact of carbon tax on Chinese economy, as well as the cushion effects of the complementary policies, by constructing a dynamic recursive general equilibrium model. The model can describe the new equilibrium for each sequential independent period (e.g. one year) after carbon tax and the complementary policies are imposed, and thus describe the long-term impacts of the policies. The simulation results show that carbon tax is an effective policy tool because it can reduce carbon emissions with a little negative impact on economic growth; reducing indirect tax in the meantime of imposing carbon tax will help to reduce the negative impact of the tax on production and competitiveness; in addition, giving households subsidy in the meantime will help to stimulate household consumptions. Therefore, complementary policies used together with carbon tax will help to cushion the negative impacts of carbon tax on the economy. The dynamic CGE analysis shows the impact of carbon tax policy on the GDP is relatively small, but the reduction of carbon emission is relatively large. (author)

Borrowing green : economic and environmental effects of green fiscal policy in the Netherlands

NARCIS (Netherlands)

Scholtens, B.

2001-01-01

This paper analyzes the economic and environmental impact of a policy instrument that is related to the tax deductibility of interest returns and dividend yields from specified 'green' projects. We investigate this so-called 'Green Project Facility' (Regeling Groenprojecten) in the Netherlands

Integrated environmental policy: A review of economic analysis.

Science.gov (United States)

Wiesmeth, Hans; Häckl, Dennis

2017-04-01

Holistic environmental policies, which emerged from a mere combination of technical activities in waste management some 40 years ago, constitute the most advanced level of environmental policies. These approaches to environmental policy, among them the policies in integrated waste management, attempt to guide economic agents to an environment-friendly behaviour. Nevertheless, current holistic policies in waste management, including policies on one-way drinks containers and waste electrical and electronic equipment, and implementations of extended producer responsibility with further applications to waste electrical and electronic equipment, reveal more or less severe deficiencies - despite some positive examples. This article relates these policy failures, which are not necessarily the result of an insufficient compliance with the regulations, to missing constitutive elements of what is going to be called an 'integrated environmental policy'. This article therefore investigates - mostly from a practical point of view - constitutive elements, which are necessary for a holistic policy to serve as a well-functioning allocation mechanism. As these constitutive elements result from a careful 'integration' of the environmental commodities into the economic allocation problems, we refer to these policies as 'integrated environmental policies'. The article also discusses and illustrates the main steps of designing such a policy - for waste electrical and electronic equipment and a (possible) ban of Glyphosat in agriculture. As these policies are dependent on economic and political stability with environmental awareness sufficiently developed, the article addresses mostly waste management policies in highly industrialised countries.

Psychology, behavioral economics, and public policy

OpenAIRE

Amir, O; Ariely, D; Cooke, A; Dunning, D; Epley, N; Gneezy, U; Koszegi, B; Lichtenstein, D; Mazar, N; Mullainathan, S; Prelec, D; Shafir, E; Silva, J

2005-01-01

Economics has typically been the social science of choice to inform public policy and policymakers. In the current paper we contemplate the role behavioral science can play in enlightening policymakers. In particular, we provide some examples of research that has and can be used to inform policy, reflect on the kind of behavioral science that is important for policy, and approaches for convincing policy-makers to listen to behavioral scientists. We suggest that policymakers are unlikely to in...

Economic Development Impact of 1,000 MW of Wind Energy in Texas

Energy Technology Data Exchange (ETDEWEB)

Reategui, S.; Hendrickson, S.

2011-08-01

Texas has approximately 9,727 MW of wind energy capacity installed, making it a global leader in installed wind energy. As a result of the significant investment the wind industry has brought to Texas, it is important to better understand the economic development impacts of wind energy in Texas. This report analyzes the jobs and economic impacts of 1,000 MW of wind power generation in the state. The impacts highlighted in this report can be used in policy and planning decisions and can be scaled to get a sense of the economic development opportunities associated with other wind scenarios. This report can also inform stakeholders in other states about the potential economic impacts associated with the development of 1,000 MW of new wind power generation and the relationships of different elements in the state economy.

Climate and competitiveness: An economic impact assessment of EU leadership in emission control policies

Energy Technology Data Exchange (ETDEWEB)

Alexeeva-Talebi, V.; Boehringer, C.; Moslener, U. [Centre for European Economic Research, Mannheim (Germany)

2007-07-01

The European Council has recently claimed to consider ambitious emission reduction targets (15 to 30 percent by 2020 as compared to 1990 levels) to limit global climate change. In light of the coexistent EU priorities under the Lisbon process, the authors analyze alternative unilateral EU emission control policies against their effects on EU (sectoral and economy-wide) competitiveness using a multi-sector, multi-region computable general equilibrium (CGE) model framework. For a given emission reduction target, the simulations show that alternative implementation rules (uniform versus sectorally differentiated carbon taxes) induce ambiguous impacts on sectoral competitiveness: For a uniform tax, relatively carbon-intensive EU industries face competitiveness losses, while carbon-extensive sectors improve their ability to compete internationally. Losses and gains are reinforced by the stringency of unilateral emission reduction targets. Thus, the implementation of an (economically efficient) uniform carbon tax induces structural change which inevitably goes at the expense of carbon-intensive industries. Vice versa, the authors find that more pronounced tax differentiation in favor of carbon-intensive industries can largely neutralize the negative impacts of emission constraints on their competitiveness, but goes at the expense of overall efficiency. In this case, adjustment costs of emission abatement will to a large extent be born by energy-extensive sectors in terms of a deteriorated ability to compete. As a middle course, moderate tax differentiation allows to sectorally balance competitiveness effects of emission control policies and at the same time limit overall efficiency losses. The authors find also that the level of tax differentiation to balance sectoral competitiveness effects and to limit overall efficiency losses is independent of the emission reduction target. Furthermore, the results indicate that the magnitude of sectoral competitiveness effects is

African Journal of Economic Policy: Editorial Policies

African Journals Online (AJOL)

Focus and Scope. The primary aim of this journal, an offshoot of the Trade Policy Research and Training Programme in Economics Department, University of Ibadan, is to provide a forum for development and equity on the African continent. It, therefore, welcomes well researched papers on the implications of a specific ...

Emission abatement: Untangling the impacts of the EU ETS and the economic crisis

International Nuclear Information System (INIS)

Bel, Germà; Joseph, Stephan

2015-01-01

In this study we use historical emission data from installations under the European Union Emissions Trading System (EU ETS) to evaluate the impact of this policy on greenhouse gas emissions during the first two trading phases (2005–2012). As such the analysis seeks to disentangle two causes of emission abatement: that attributable to the EU ETS and that attributable to the economic crisis that hit the EU in 2008/09. To do so, we use a dynamic panel data approach. Our results suggest that, by far, the biggest share of abatement was attributable to the effects of the economic crisis. This finding has serious implications for future policy adjustments affecting core elements of the EU ETS, including the distribution of EU emission allowances. - Highlights: • We untangle the effects of the EU ETS from those of the economic crisis on industrial emission abatement. • The empirical analysis uses verified emission data instead of estimated emission data. • Abatement of emissions in EU in the last years has been mainly due to the impact of the economic crisis. • Low level of abatement attributable to the EU ETS suggests that important changes must be made in environmental policy

Economic policy instruments for the control of air pollution in Poland

International Nuclear Information System (INIS)

Bates, R.W.

1993-01-01

The World Bank is analyzing the role of economic policy instruments for the control of air pollution in Poland, in cooperation with Polish and international experts. The first stage, covering Poland as a whole, was recently completed, jointly financed with the U.S. E.P.A. and the Government of the Netherlands. The second stage, now under way, will extend the analysis into a specific regional framework. Stage 2 is financed by the World Bank, the Polish Government, and the U.K. Environment Know-How Fund. Air Pollution in Poland is overwhelmingly caused by energy production and uses, due to the fact that the Polish economy depends heavily on coal and lignite. At present, vehicles contribute less to total emissions than do coal burning and industrial processes, although they account for 25-35% of nitrogen oxides, carbon monoxide, hydrocarbons and lead; and the concentrated in areas of high population density. The paper shows how economic, technical and meteorological modelling can be used, to reach conclusions about cost-effective strategies for the control of emissions and the improvement of ambient air quality. A simulation approach is presented, to compare alternative policy instruments, in terms of their impact on emissions and control costs for Poland as a whole. The main instruments considered are open-quotes command-and-controlclose quotes regimes (C ampersand C) and economic incentives, namely fuel taxes, emissions taxes and emissions trading. Next, the paper describes how the analysis is being extended, to link emissions with ambient air quality, using air dispersion modelling, based on a case study for Krakow. Finally, some conclusions are drawn on the importance of sound economic policies for air quality management, the costs of alternative standards, C ampersand C approaches versus economic incentives, a practical strategy to develop an effective role for emissions taxes and trading, and the regional differentiation of policy instruments

The economic policy as factor of competitiveness in China

Directory of Open Access Journals (Sweden)

Juan González García

2010-01-01

Full Text Available The object of this article consists of establishing the relation between competitiveness and economic policy in the case of the People’s Republic of China in the period from 1948 to 2008. The hypothesis that is demonstrated throughout the presentation maintains that more than the macroeconomic stability, the economic growth is directly related to the type of economic policy that applies a nation, as it is the case of China. The historical antecedents (1948-1978, the economic policy in the days of the reform of the economy (1978-1998 and the present time in which the past and the present are crossed, constitute the huge landmarks of the work. The economic policy is analyzes in “sub political” such as the agriculturist, industrialist, prices, foreign trade, foreign affairs, fiscal, monetary, exchange and investment, competitiveness etc., taking the work to planes of better concretion.

Design of economic incentive instruments in nutrition policy

DEFF Research Database (Denmark)

Jensen, Jørgen Dejgård

2011-01-01

• Economic incentives are instruments to improve diets and reduce the fraction of people exposed to diet-related health risks • Proper targeting and design of economic incentive instruments is important, if such instruments should be efficient and feasible policy measures in the improvement...... of dietary behaviour in industrialised countries • From a cost-effectiveness perspective, there are considerable potential for optimizing the targeting and design of economic incentive instruments in nutritional policy...

Monetary policy and insolvency of economic sector

Directory of Open Access Journals (Sweden)

Tepavac Rajko

2012-03-01

Full Text Available The main task of monetary policy of our central bank is to achieve and preserve stability of prices and currency. Targeted inflation rate has been chosen as operating instrument for gradual realization of low and stable inflation, along with elimination of inflation expectations. Also, a specific inflation corridor is chosen to ensure operations, transparency and ex ante effects of monetary policy. The paper presents analysis on whether there really is a restrictive monetary policy, deflections of real inflation from the programmed one, level of 'restrictiveness' of monetary policy and behavior of bank loans, money supply, nominal and real economic growth. Analysis is carried out and criticism of concepts of monetary regulation of mandatory bank reserves, blocking of financial bank potential through monetary regulation instruments, but also relations between central and business banks through open market policy. Criticism of repo operations and complete disappearance of selective credit policy is provided as well. The problem of almost embedded insolvency of economic sector is highlighted.

Micro and Macro Economic Policies of Government of Kosovo toward SMEs

Directory of Open Access Journals (Sweden)

Merita Shabani

2017-03-01

Full Text Available The emphasis of the discussion in this paper is centered on economic policies of Kosovo government towards SMEs. The paper will analyze trends of economic policies fostered by the Government of Kosovo in attempt to maximize the development of SME’s sector. Furthermore, the paper will carry out an in-depth analytical approach of SME policies taking into account their crucial role for economic growth. The critical mode of discussion will reveal advantages and disadvantages, and subsequently ultimate paybacks as a result of promoting favorable economic policies in favor of cultivating suitable business environment for SMEs. Similarly, in concluding remarks this paper appeals for more suitable and sustainable economic policies towards SMEs taking in consideration their high potential of employment generation. The paper also suggests concrete steps the Government of Kosovo needs to undertake in terms of promoting policy opportunities in order to speed up economic development of the country, growth as well as economic welfare.

Human Health and Economic Impacts of Ozone Reductions by Income Group.

Science.gov (United States)

Saari, Rebecca K; Thompson, Tammy M; Selin, Noelle E

2017-02-21

Low-income households may be disproportionately affected by ozone pollution and ozone policy. We quantify how three factors affect the relative benefits of ozone policies with household income: (1) unequal ozone reductions; (2) policy delay; and (3) economic valuation methods. We model ozone concentrations under baseline and policy conditions across the full continental United States to estimate the distribution of ozone-related health impacts across nine income groups. We enhance an economic model to include these impacts across household income categories, and present its first application to evaluate the benefits of ozone reductions for low-income households. We find that mortality incidence rates decrease with increasing income. Modeled ozone levels yield a median of 11 deaths per 100 000 people in 2005. Proposed policy reduces these rates by 13%. Ozone reductions are highest among low-income households, which increases their relative welfare gains by up to 4% and decreases them for the rich by up to 8%. The median value of reductions in 2015 is either $30 billion (in 2006 U.S. dollars) or $1 billion if reduced mortality risks are valued with willingness-to-pay or as income from increased life expectancy. Ozone reductions were relatively twice as beneficial for the lowest- compared to the highest-income households. The valuation approach affected benefits more than a policy delay or differential ozone reductions with income.

Business cycle and economic-wide energy intensity: The implications for energy conservation policy in Algeria

International Nuclear Information System (INIS)

Adom, Philip Kofi

2015-01-01

Despite the prevalence of voluntary and involuntary energy conservation policies, developing countries in Africa continue to struggle to achieve energy efficiency targets. Consequently, energy intensity levels have risen threatening the security of the energy system. This raises the important question: is there an economic state that induces agents to be energy conscious? In this study, we study the case of Algeria's energy intensity from 1971 to 2010. First, the paper argues that there is a certain economic state that economic agents find investing in energy conservation a viable option. Any state different from that would mean not investing in energy conservation. Second, the paper argues that the economy can do better even with an infinitesimal reduction in fuel subsidy, and that the gains in revenue from the policy can compensate for the negative socio-economic and equity impacts associated with such a policy. Third, the paper argues that, so long as, industrial expansion in the country move parallel with investment in technological innovation, long-term sustainable growth and energy conservation targets are jointly feasible. Fourth, the paper shows that income elasticity evolves with the business cycle, and the absorptive capability of the host country affects how FDI (foreign direct inflows) impact energy intensity. - Highlights: • Low income states inhibit fuel substitution and investment in energy conservation. • Income elasticity evolves as we pass through boom and recessionary periods. • The goals of sustainable growth and energy conservation are not mutually exclusive. • Absorptive capability affects the impact of FDI on energy intensity

Moderation of Policy-Making? : Science and Technology Policy Evaluation Beyond Impact Measurement—the Case of Germany

NARCIS (Netherlands)

Kuhlmann, Stefan

1998-01-01

In the field of science and technology policies, for the most part, evaluation procedures are utilized as a way of measuring the scientific and technological quality or the socio-economic impacts of publicly funded research. Beyond this practice, could evaluation procedures be used as a medium for

Impact of insurance sector activity on economic growth – A meta-analysis

Directory of Open Access Journals (Sweden)

Zuzana Richterková

2013-01-01

Full Text Available The aim of this study is to compute the overall effect size concerning the impact of insurance sector activity on economic growth. The connection of insurance activity and economic growth has been a widely investigated topic due to numerous papers and research attempts performed so far. The results, however, often differ among individual studies. Therefore a comprehensive analysis of the significance of causality from insurance activity, measured by insurance premium, to business cycle fluctuation, is well-required. Using 10 published and unpublished studies, we conduct a meta-analysis of the literature on the impact of insurance activity on economic growth. Insurance premium is taken as the measure of insurance activity. The combined significance test of individual t-statistics is employed. The calculation of the effect size allows understand the true effect relying on synthesis of so far published research with significantly higher amount of observations and better precision. Our results confirm positive effect of insurance activity on economic growth and are particularly important for policy makers who set the policy towards subjects in the insurance market.

Strategic imperative formation of foreign economic policy of Ukraine

Directory of Open Access Journals (Sweden)

O. P. Borysenko

2015-10-01

Full Text Available Deep rethinking and thorough elaboration require a general plan for the development of the state management in the sphere of foreign economic processes - strategy formation and implementation of foreign economic policy of Ukraine. Formed in conditions of political and economic crisis, it is not aimed at providing qualitative change - innovation development, enhance national business investment, measuring asymmetry foreign trade balance, optimize the structure of imports, increasing competitiveness of Ukrainian goods and so on. Significant changes need in government regulation mechanisms of transformation processes, their system updates, meaningful transition to a model of a market transformations, which combined with effective self-governance. The purpose of the article is to explore the strategic principles of foreign economic policy formation, identifying directions Ukraine’s foreign economic strategy formation and ways to improve its effectiveness. Today in Ukraine needs logically consistent application of the basic model of strategy formation and implementation of foreign economic policy: strategy of protectionism, strategy of competitiveness and foreign economic trade integration strategy. The scale and fragmentation tasks are preventing their full implementation. For a targeted and effective state influence on the economy suggest to build a strategy of foreign economic policy on the principles of consistency, integrity, comprehensiveness, subordination, continuity, dynamism, system-creating relations.

Intelligent simulation of aquatic environment economic policy coupled ABM and SD models.

Science.gov (United States)

Wang, Huihui; Zhang, Jiarui; Zeng, Weihua

2018-03-15

Rapid urbanization and population growth have resulted in serious water shortage and pollution of the aquatic environment, which are important reasons for the complex increase in environmental deterioration in the region. This study examines the environmental consequences and economic impacts of water resource shortages under variant economic policies; however, this requires complex models that jointly consider variant agents and sectors within a systems perspective. Thus, we propose a complex system model that couples multi-agent based models (ABM) and system dynamics (SD) models to simulate the impact of alternative economic policies on water use and pricing. Moreover, this model took the constraint of the local water resources carrying capacity into consideration. Results show that to achieve the 13th Five Year Plan targets in Dianchi, water prices for local residents and industries should rise to 3.23 and 4.99 CNY/m 3 , respectively. The corresponding sewage treatment fees for residents and industries should rise to 1.50 and 2.25 CNY/m 3 , respectively, assuming comprehensive adjustment of industrial structure and policy. At the same time, the local government should exercise fine-scale economic policy combined with emission fees assessed for those exceeding a standard, and collect fines imposed as punishment for enterprises that exceed emission standards. When fines reach 500,000 CNY, the total number of enterprises that exceed emission standards in the basin can be controlled within 1%. Moreover, it is suggested that the volume of water diversion in Dianchi should be appropriately reduced to 3.06×10 8 m 3 . The reduced expense of water diversion should provide funds to use for the construction of recycled water facilities. Then the local rise in the rate of use of recycled water should reach 33%, and 1.4 CNY/m 3 for the price of recycled water could be provided to ensure the sustainable utilization of local water resources. Copyright © 2017 Elsevier B

Integrated impact assessment of climate and socio-economic change on dairy farms in a watershed in the Netherlands

NARCIS (Netherlands)

Paas, Wim; Kanellopoulos, Argyris; Ven, van de Gerrie; Reidsma, Pytrik

2016-01-01

Climate and socio-economic change will affect the land use and the economic viability of Dutch dairy farms. Explorations of future scenarios, which include different drivers and impacts, are needed to perform ex-ante policy assessment. This study uses a bio-economic farm model to assess impacts

Economic impact analysis for global warming: Sensitivity analysis for cost and benefit estimates

International Nuclear Information System (INIS)

Ierland, E.C. van; Derksen, L.

1994-01-01

Proper policies for the prevention or mitigation of the effects of global warming require profound analysis of the costs and benefits of alternative policy strategies. Given the uncertainty about the scientific aspects of the process of global warming, in this paper a sensitivity analysis for the impact of various estimates of costs and benefits of greenhouse gas reduction strategies is carried out to analyze the potential social and economic impacts of climate change

Directed Technical Change and Economic Growth Effects of Environmental Policy

DEFF Research Database (Denmark)

Kruse-Andersen, Peter Kjær

2016-01-01

A Schumpeterian growth model is developed to investigate how environmental policy affects economic growth when environmental policy also affects the direction of technical change. In contrast to previous models, production and pollution abatement technologies are embodied in separate intermediate...... unambiguously directs research efforts toward pollution abatement technologies and away from production technologies. This directed technical change reduces economic growth and pollution emission growth. Simulation results indicate that even large environmental policy reforms have small economic growth effects....... However, these economic growth effects have relatively large welfare effects which suggest that static models and exogenous growth models leave out an important welfare effect of environmental policy....

Global warming: Economic policy responses

International Nuclear Information System (INIS)

Dornbusch, R.; Poterba, J.M.

1991-01-01

This volume contains the proceedings of a conference that brought together economic experts from Europe, the US, Latin America, and Japan to evaluate key issues in the policy debate in global warming. The following issues are at the center of debates on alternative policies to address global warming: scientific evidence on the magnitude of global warming and the extent to which it is due to human activities; availability of economic tools to control the anthropogenic emissions of greenhouse gases, and how vigorously should they be applied; and political economy considerations which influence the design of an international program for controlling greenhouse gases. Many perspectives are offered on the approaches to remedying environmental problems that are currently being pursued in Europe and the Pacific Rim. Deforestation in the Amazon is discussed, as well as ways to slow it. Public finance assessments are presented of both the domestic and international policy issues raised by plans to levy a tax on the carbon emissions from various fossil fuels. Nine chapters have been processed separately for inclusion in the appropriate data bases

Social Policy and Economic Development in the Nordic Countries

DEFF Research Database (Denmark)

Kangas, Olli; Palme, Joakim

between democratization and social policy, drawing attention to the role of the state and non-governmental organizations. Social Policy and Economic Development in Nordic Countries examines Nordic social policies on unemployment, social care, family, education and health care policies, and reviews future......This volume examines the relationship between Nordic social policy and economic development from a comparative perspective. It identifies the driving forces behind the development of the Nordic welfare model and the problems and dilemmas the model is facing at present. The book also traces the link...

Climate Change, Air Pollution, and the Economics of Health Impacts

Science.gov (United States)

Reilly, J.; Yang, T.; Paltsev, S.; Wang, C.; Prinn, R.; Sarofim, M.

2003-12-01

Climate change and air pollution are intricately linked. The distinction between greenhouse substances and other air pollutants is resolved at least for the time being in the context of international negotiations on climate policy through the identification of CO2, CH4, N2O, SF6 and the per- and hydro- fluorocarbons as substances targeted for control. Many of the traditional air pollutant emissions including for example CO, NMVOCs, NOx, SO2, aerosols, and NH3 also directly or indirectly affect the radiative balance of the atmosphere. Among both sets of gases are precursors of and contributors to pollutants such as tropopospheric ozone, itself a strong greenhouse gas, particulate matter, and other pollutants that affect human health. Fossil fuel combustion, production, or transportation is a significant source for many of these substances. Climate policy can thus affect traditional air pollution or air pollution policy can affect climate. Health effects of acute or chronic exposure to air pollution include increased asthma, lung cancer, heart disease and bronchitis among others. These, in turn, redirect resources in the economy toward medical expenditures or result in lost labor or non-labor time with consequent effects on economic activity, itself producing a potential feedback on emissions levels. Study of these effects ultimately requires a fully coupled earth system model. Toward that end we develop an approach for introducing air pollution health impacts into the Emissions Prediction and Policy Analysis (EPPA) model, a component of the MIT Integrated Global Systems Model (IGSM) a coupled economics-chemistry-atmosphere-ocean-terrestrial biosphere model of earth systems including an air pollution model resolving the urban scale. This preliminary examination allows us to consider how climate policy affects air pollution and consequent health effects, and to study the potential impacts of air pollution policy on climate. The novel contribution is the effort to

The socio-economic impact assessment for nuclear fuel waste disposal

International Nuclear Information System (INIS)

Tamm, J.; Wlodarczyk, T.

1992-01-01

The concept for disposal of Canada's nuclear fuel waste will undergo public scrutiny as it is examined under the Canadian Environmental Assessment and Review Process (EARP). This process presents a number of challenges in preparing the socio-economic impact assessment (SEIA) component of an Environment Impact Statement. These challenges relate to defining the scope of the SEIA, adapting site-specific methodologies to an assessment of a concept, and addressing evolving public concerns and issues. This paper reports that in meeting these challenges a generic process-oriented SEIA has been developed that emphasizes the importance of defining policies and processes to manage socio-economic impacts. In addition, public involvement and attitude research has facilitated the assessment of the concept at the societal level

The economic and poverty impacts of animal diseases in developing countries: new roles, new demands for economics and epidemiology.

Science.gov (United States)

Rich, Karl M; Perry, Brian D

2011-09-01

Animal disease outbreaks pose significant threats to livestock sectors throughout the world, both from the standpoint of the economic impacts of the disease itself and the measures taken to mitigate the risk of disease introduction. These impacts are multidimensional and not always well understood, complicating effective policy response. In the developing world, livestock diseases have broader, more nuanced effects on markets, poverty, and livelihoods, given the diversity of uses of livestock and complexity of livestock value chains. In both settings, disease control strategies, particularly those informed by ex ante modeling platforms, often fail to recognize the constraints inherent among farmers, veterinary services, and other value chain actors. In short, context matters. Correspondingly, an important gap in the animal health economics literature is the explicit incorporation of behavior and incentives in impact analyses that highlight the interactions of disease with its socio-economic and institutional setting. In this paper, we examine new approaches and frameworks for the analysis of economic and poverty impacts of animal diseases. We propose greater utilization of "bottom-up" analyses, highlighting the strengths and weaknesses of value chain and information economics approaches in impact analyses and stressing the importance of improved integration between the epidemiology of disease and its relationships with economic behavior. Copyright © 2010 Elsevier B.V. All rights reserved.

Impacts of low-carbon power policy on carbon mitigation in Guangdong Province, China

International Nuclear Information System (INIS)

Cheng, Beibei; Dai, Hancheng; Wang, Peng; Xie, Yang; Chen, Li; Zhao, Daiqing; Masui, Toshihiko

2016-01-01

This paper analyzes the impacts of the low-carbon policy in the power sector of Guangdong Province in China on its energy and carbon emission targets by 2020, as well as their costs and co-benefits, using a regional CGE model with seven scenarios: business as usual (BaU), renewable energy (RE), renewable energy and natural gas (RE–NG), CAP only (CAP), CAP and RE–NG (CAP–RE–NG), carbon emission trading (ETS), and ETS with RE–NG (ETS–RE–NG). Analysis results reveal that provincial energy and carbon intensity targets can be achieved in the assumed carbon mitigation scenarios with carbon cap, ETS, and clean energy development policies. While the carbon constraint exerts negative impacts on the economy, GDP loss could be lowered by the ETS and RE policies. The RE scenario is more economically efficient than the ETS scenario, and coupling the RE and ETS scenarios appears to be the most economically efficient scenario to achieve the desired carbon and energy intensity targets. One of the benefits of the low-carbon policy is its improvement of the energy security of Guangdong in terms of reduced reliance on external coal and oil; in particular, Guangdong coal consumption could peak in 2017–2019. - Highlights: • This study analyzes the low carbon policy in the power sector in Guangdong of China. • The role of power sector in achieving carbon and energy intensity target is shown. • Renewable energy and natural gas are very important for Guangdong Province. • Additional efforts in other sectors are needed to achieve the intensity targets. • The mitigation cost and economic impacts are assessed under various policy settings.

The impact of Border policy effect on cross-border ethnic areas

Science.gov (United States)

Bie, Q. L.; Zhou, S. Y.; Li, C. S.

2013-11-01

Boundary effect analysis is related to border policy making in the cross-border ethnic area. The border effect literatures show that geographic boundaries have obvious impacts on economic, social and cultural relations in both sides of a nation border. Particularly in cross-border ethnic areas, each ethnic group has strong internal spatial structure relevance, and the boundary effect is more obvious. However, most of China's border areas are cross-border ethnic areas, each of border issues is unique. Under this perspective, we analyze the border effects of various boundaries can provide basis for formulating border management policies. For small scale of cross-border ethnic minority areas, how to formulate the boundary management policy is a good question to explore. This paper is demonstrated by a study of the impact of border management policies in Dehong Dai and Jingpo Autonomous Prefecture in Yunnan Province at the border area to Burma. The comparative method is used to analysis the border management policies in past 50 decades for the border area of Yunnan Province .This research aims to define trends within border policy and its influences to national security. This paper also examines Wendy Brown's liberal theory of border management policy. We found that it is not suitable for Sino-Burma border area. The conclusion is that the changes or instability of international economic and political situation has more influence to this cross-border ethnic area, and only innovative policy will be effective in cross-border ethnic area. So the border management policies should reflect the change of international context.

Soybean Trade: Balancing Environmental and Socio-Economic Impacts of an Intercontinental Market.

Science.gov (United States)

Boerema, Annelies; Peeters, Alain; Swolfs, Sanne; Vandevenne, Floor; Jacobs, Sander; Staes, Jan; Meire, Patrick

2016-01-01

The trade in soybean, an important animal feed product, exemplifies the environmental and socio-economic impact of global markets and global agricultural policy. This paper analyses the impact of increasing production of soybean in the exporting countries (deforestation and grassland conversion) as well as in importing regions (decrease in permanent grassland by substitution of grass as feed). Ecosystem services monetary values were used to calculate the environmental and socio-economic impact of observed land use changes. This is balanced against the economic value of the global soybean trade. The results prove that consumption choices in one region have real effects on the supply of ecosystem services at a large spatial scale. Conclusively, solutions to make this global market more sustainable are discussed.

Soybean Trade: Balancing Environmental and Socio-Economic Impacts of an Intercontinental Market.

Directory of Open Access Journals (Sweden)

Annelies Boerema

Full Text Available The trade in soybean, an important animal feed product, exemplifies the environmental and socio-economic impact of global markets and global agricultural policy. This paper analyses the impact of increasing production of soybean in the exporting countries (deforestation and grassland conversion as well as in importing regions (decrease in permanent grassland by substitution of grass as feed. Ecosystem services monetary values were used to calculate the environmental and socio-economic impact of observed land use changes. This is balanced against the economic value of the global soybean trade. The results prove that consumption choices in one region have real effects on the supply of ecosystem services at a large spatial scale. Conclusively, solutions to make this global market more sustainable are discussed.

Environmental, economic, and social impacts of feed-in tariffs: A Portuguese perspective 2000–2010

International Nuclear Information System (INIS)

Behrens, Paul; Rodrigues, João F.D.; Brás, Tiago; Silva, Carlos

2016-01-01

Highlights: • A novel, hybrid input–output analysis of historic feed-in tariff impacts. • We explore operational, investment, and opportunity cost/benefits in Portugal. • Environmental (GHG), economic (GDP), and social (job years) impacts are estimated. • For 2000–2010 we find impacts of −7.2 MtCO_2eq GHG, +1557 M€ GDP and +160,000 job years. • Lifetime impacts are dependent on opportunity costs of future FIT payments. - Abstract: Over the past two decades, many countries have used aggressive policies such as feed-in tariffs and power purchase agreements to promote renewable energy. These policies have been very successful in several countries, initiating large changes in the structure of energy sectors, and conferring large environmental, economic, and social impacts. In this paper, we quantify these impacts over the period 2000–2010 for Portugal; a country that witnessed a substantial increase in renewable energy penetration rates, with the share of wind power in electricity production jumping from 0.4% in 2000 to 16.8% in 2010. We use a novel, hybrid energy-economic input–output model to compare the historical energy policy against a counterfactual scenario in which the surge in energy subsidies and concurrent expansion of renewable energies did not take place. We consider the impact of renewable energy policy stemming from three propagation modes – operational, investment, and opportunity costs – in both the energy sector and the rest of the economy. This is the first time such a comprehensive analysis has been undertaken. Our findings show that, in the period under consideration, the combined historical renewable energy policy and renewable energy developments yielded a clear reduction in emissions, in excess of 7.2 MtCO_2eq, an increase in GDP of 1557 M€, and a creation of 160 thousand job-years. These estimates do not include opportunity costs from future FIT payments that projects built in this period may be entitled to

Assessing the state-level consequences of global warming: Socio-economic and energy demand impacts

International Nuclear Information System (INIS)

Rubin, B.M. Gailmard, S.; Marsh, D.; Septoff, A.

1996-01-01

The large body of research on climate change has begun to recognize a significant deficiency: the lack of analysis of the impact of climate change at a spatial level consistent with the anticipated occurrence of climate change. Climate change is likely to vary by region, while impact analysis has focused on much larger political units. Clearly, adaptation/mitigation strategies must be developed at a level consistent with political and policy-making processes. This paper specifically addresses this deficiency by identifying the potential socio-economic and energy demand consequences of climate change for subnational regions. This is accomplished via the development and application of a regional simultaneous equation, econometric simulation model that focuses on five states (Illinois, Indiana, Michigan, Ohio, and Wisconsin) in the Great Lakes region of the US. This paper presents a process for obtaining state-specific assessments of the consequences of climate change for the socio-economic system. As such, it provides an indication of which economic sectors are most sensitive to climate change for a specific state (Indiana), a set of initial mitigation/adaptation strategies for this state, and the results of testing these strategies in the policy analysis framework enabled by the model. In addition, the research demonstrates an effective methodology for assessing impacts and policy implications of climate change at a level consistent with policy making authority

CONSTITUTIONAL ECONOMICS, FISCAL POLICY RULES, ANDTHECASE OF TURKEY

Directory of Open Access Journals (Sweden)

Osman Nuri ARAS

2011-07-01

Full Text Available Discretionary fiscal policies have arisen because of dominant Keynesianeconomic policies from 1930’s to 1970’s. Public expenditures intensively andexcessively increased in order to ensure macroeconomic stability during thisperiod. Many countries faced the emergence of macroeconomic problems such asaffectively using public resources, budget deficitand inflation. As a result,Keynesian economic policies and the stagnation experienced in following highinflation years have faced economies with stagflation process in the 1970’s.However, Keynesian approach did not solve the problem. Therefore, neweconomic approaches developed for solving the problem. One of the neweconomic approaches was Constitutional Economic Theory. The theory includeseconomic policy rules including fiscal rules as well as monetary rules.Fiscal rules have been one of the main stabilization tools in obtaining budget andpublic finance balance. Many countries have implemented specific fiscal policyrules to struggle with economic instabilities, budget deficits and public financialimbalances.A specific form of fiscal policy rule has been started to implement in Turkey since1999. Several fiscal policy rules have been adoptedin Turkey’s public financialmanagement system as part of the economic program which was conducted withthe collaboration of IMF since 1999. These rules are called as implicit fiscalpolicy rules. These fiscal rules have become a draft legal text in 2010 as “FiscalRule Draft Law”. Although the fiscal rule was planned to start the application period as of 2011, it is delayed to fiscal year 2012 because of some economicreasons

Economic Impacts and Business Opportunities | NREL

Science.gov (United States)

Economic Impacts and Business Opportunities Economic Impacts and Business Opportunities NREL corporations alike. Colorado flag Economic Impact The economic impact of NREL operations on the nation totaled Jefferson County where the economic benefit totaled $275 million in 2014. Growth chart Economic Benefit NREL

The impact of monetary policy on financing of Czech firms

Czech Academy of Sciences Publication Activity Database

Aliyev, Ruslan; Hájková, D.; Kubicová, I.

2015-01-01

Roč. 65, č. 6 (2015), s. 455-476 ISSN 0015-1920 Institutional support: PRVOUK-P23 Keywords : monetary policy transmission * broad credit view * external finance Subject RIV: AH - Economics Impact factor: 0.449, year: 2015 http://journal.fsv.cuni.cz/mag/article/show/id/1343

Relationship of Energy Growth to Economic Growth under Alternative Energy Policies

Energy Technology Data Exchange (ETDEWEB)

Behling, Jr., D. J.; Dullien, R.; Hudson, E.

1976-03-01

This report is the first of a series of studies that will analyze the economic and social impacts of research, development, and demonstration plans of the Energy Research and Development Administration. Two policy proposals were examined against a Base Case set of economic and energy projections for the years 1985, 1990, and 2000: (1) the introduction of RD and D-initiated energy supply and end-use conversion technologies to expand domestic energy supply and to improve the efficiency and flexibility of its use; and (2) the imposition of taxes and tariffs on petroleum and natural gas to reduce demand for these primary energy sources. Targets for the amounts of imports of oil and gas were specified by ERDA as follows: 10 percent (or less) of total U.S. energy consumption in 1985; 8 percent (or less) of total U.S. energy consumption in 1990; and 5 percent (or less) of total U.S. energy consumption in 2000. The purpose of the analysis was to first identify the degree to which the introduction of new energy technologies and/or the imposition of energy taxes could reduce oil and gas imports toward the target levels; and second, to estimate the effects of these policies on the economy and the environment. These economic and environmental effects are thus a measure of the costs associated with meeting the import targets. The benefits of these policies, in the form of increased economic and political security were not measured. The analysis was based on an analytic framework which linked detailed mathematical process engineering and economic models to more aggregate econometric models. The four models employed are described.

The Budget Policy in the Context of Economic Transformations

Directory of Open Access Journals (Sweden)

Pasichnik Vladimir A.

2017-12-01

Full Text Available The article is aimed at disclosing the essence and role of budget policy in the system of socio-economic development of country, defining the institutional approach in the process of its formation and implementation, based on changes in the public environment. The socio-economic development of society at this stage requires the use of budgetary policy as an effective instrument for the State regulation of economic and social relations. It is important to determine the priorities of the budget policy, including the medium-term perspective, based on the basic principles of the socio-economic development of country, improvement of the State regulation in the sphere of generation of budget income, the planning and usage of budget expenditures, the inter-budget relations, which will increase the efficiency of functioning of the economic and budget system as a whole.

The State Financial Policy as Instrument of Economic Growth

Directory of Open Access Journals (Sweden)

Mostitskaya Natalya А.

2017-12-01

Full Text Available The article is aimed at disclosing the essence and defining the role of the State financial policy as instrument of economic growth in the conditions of economic transformation. The main functions of the country’s financial policy were analyzed. The necessity of formation of institutional and methodological bases of the State financial mechanism with the purpose of strengthening of efficiency of structural changes of economy and social sphere has been substantiated. Directions of formation and implementation of the State financial policy on maintenance of socio-economic development of the country have been proposed.

State and local economic impacts from wind energy projects: Texas case study

International Nuclear Information System (INIS)

Slattery, Michael C.; Lantz, Eric; Johnson, Becky L.

2011-01-01

This paper uses the Jobs and Economic Development Impacts (JEDI) model to estimate economic impacts from 1398 MW of wind power development in four counties in west Texas. Project-specific impacts are estimated at the local level (i.e., within a 100-mile radius around the wind farms) and at the state level. The primary economic policy question addressed is how investment in wind energy affects the state and local communities where the wind farms are built. During the four-year construction phase approximately 4100 FTE (full time equivalents) jobs were supported with turbine and supply chain impacts accounting for 58% of all jobs generated. Total lifetime economic activity to the state from the projects equated to more than $1.8 billion, or $1.3 million per MW of installed capacity. The total economic activity to the local communities was also substantial, equating to nearly $730 million over the assumed 20-year life cycle of the farms, or $0.52 million per MW of installed capacity. Given the current level of impacts observed, and the potential for increased impacts via greater utilization of instate manufacturing capacity and the development of trained wind industry specific laborers, Texas appears to be well positioned to see increasing impacts from continued wind development. - Highlights: ► We use the JEDI model to assess economic impacts from wind development in west Texas. ► Total lifetime economic impact from 1398 MW wind equated to more than $1.8 billion. ► Texas is well positioned to see increasing impacts from continued wind development.

Adaptation of Agricultural and Food Systems to Climate Change: An Economic and Policy Perspective

OpenAIRE

John M. Antle; Susan M. Capalbo

2010-01-01

Adaptation of agricultural and food systems to climate change involves private and public investment decisions in the face of climate and policy uncertainties. The authors present a framework for analysis of adaptation as an investment, based on elements of the economics, finance, and ecological economics literatures. They use this framework to assess critically impact and adaptation studies, and discuss how research could be designed to support public and private investment decisions. They t...

Techno-economic viability assessments of greener propulsion technology under potential environmental regulatory policy scenarios

International Nuclear Information System (INIS)

Nalianda, D.K.; Kyprianidis, K.G.; Sethi, V.; Singh, R.

2015-01-01

Highlights: • An advanced method is presented for techno-economic assessment under potential environmental regulatory policy scenarios. • The viability of the contra-rotating open rotor concept is investigated under various environmental policies. • CO_2 taxation is needed to drive the aerospace industry towards greener solutions. - Abstract: Sustainability of the aviation industry, as any other industry, depends on the elasticity of demand for the product and profitability through minimising operating costs. Of paramount importance is assessing and understanding the interdependency and effects of environmentally optimised solutions and emission mitigation policies. This paper describes the development and application of assessment methodologies to better understand the effects of environmental taxation/energy policies aimed at environmental pollution reduction and the future potential economic impact they may have on the adaptation of “greener” novel technologies. These studies are undertaken using a Techno-economic Environmental Risk Assessment approach. The methodology demonstrated allows the assessment of the economic viability of new technologies compared to conventional technologies, for various CO_2 emission taxation and fuel price scenarios. It considers relative increases in acquisition price and maintenance costs. A study undertaken as a ‘proof of concept’ compares a Counter Rotating Open Rotor aircraft with a conventional aircraft for short range operations. It indicates that at current fuel price and with no carbon taxation, a highly fuel efficient technology, such as the one considered, could be rendered economically unviable. The work goes on to demonstrate that in comparison to the conventional aircraft, any economic benefits that may be accrued from improvement in fuel consumption through such a technology, may well be negated through increases in acquisition price and maintenance costs. The work further demonstrates that if policy

Economic impacts study

Energy Technology Data Exchange (ETDEWEB)

Brunsen, W.; Worley, W.; Frost, E.

1988-09-30

This is a progress report on the first phase of a project to measure the economic impacts of a rapidly changing U.S. target base. The purpose of the first phase is to designate and test the macroeconomic impact analysis model. Criteria were established for a decision-support model. Additional criteria were defined for an interactive macroeconomic impact analysis model. After a review of several models, the Economic Impact Forecast System model of the U.S. Army Construction Research Laboratory was selected as the appropriate input-output tool that can address local and regional economic analysis. The model was applied to five test cases to demonstrate its utility and define possible revisions to meet project criteria. A plan for EIFS access was defined at three levels. Objectives and tasks for scenario refinement are proposed.

The economic impact of alcohol consumption: a systematic review

Directory of Open Access Journals (Sweden)

Lertpitakpong Chanida

2009-11-01

Full Text Available Abstract Background Information on the economic impact of alcohol consumption can provide important evidence in supporting policies to reduce its associated harm. To date, several studies on the economic costs of alcohol consumption have been conducted worldwide. This study aims to review the economic impact of alcohol worldwide, summarizing the state of knowledge with regard to two elements: (1 cost components included in the estimation; (2 the methodologies employed in works conducted to date. Methods Relevant publications concerning the societal cost of alcohol consumption published during the years 1990-2007 were identified through MEDLINE. The World Health Organization's global status report on alcohol, bibliographies and expert communications were also used to identify additional relevant studies. Results Twenty studies met the inclusion criteria for full review while an additional two studies were considered for partial review. Most studies employed the human capital approach and estimated the gross cost of alcohol consumption. Both direct and indirect costs were taken into account in all studies while intangible costs were incorporated in only a few studies. The economic burden of alcohol in the 12 selected countries was estimated to equate to 0.45 - 5.44% of Gross Domestic Product (GDP. Conclusion Discrepancies in the estimation method and cost components included in the analyses limit a direct comparison across studies. The findings, however, consistently confirmed that the economic burden of alcohol on society is substantial. Given the importance of this issue and the limitation in generalizing the findings across different settings, further well-designed research studies are warranted in specific countries to support the formulation of alcohol-related policies.

Economic Impact Analyses of Interdisciplinary Multi-hazard Scenarios: ShakeOut and ARkStorm

Science.gov (United States)

Wein, A. M.; Rose, A.; Sue Wing, I.; Wei, D.

2011-12-01

U. S. Geological Survey (USGS) scientists are using an interdisciplinary strategy to develop and analyze multi-hazard scenarios to help communities enhance resilience to natural hazard disasters. Two such scenarios are the southern California ShakeOut earthquake and the California ARkStorm winter storm. Both scenarios are multi-hazard: Shakeout ground motions trigger landslides and liquefaction and ARkStorm involves wind, flood, landslide, and coastal hazards. A collaborative scenario-process engages partners and stakeholders throughout the development and use of the scenarios, In doing so, community resilience is enhanced by educating communities about hazards and hazard interdependencies, building networks from scientists to decision makers, exercising emergency management strategies, identifying emergency management issues, and motivating solutions prior to an event. In addition, interdisciplinary scenarios stimulate research on the various steps of analysis (e.g., natural hazard processes, physical damages, societal consequences, and policy connections). In particular, USGS scientists have collaborated with economists to advance methods to estimate the economic impacts (business interruption losses) of disasters. Our economic impact analyses evolved from the economic module in the Federal Emergency Management Agency's loss-estimation tool, HAZUS-MH, to a more encompassing input-output analysis for ShakeOut, to a more sophisticated Computable General Equilibrium model for ARkStorm. The analyses depend on physical damage and restoration time estimates from engineers and geographic analyses of economic assets in hazard zones. Economic resilience strategies are incorporated to represent resourcefulness and ingenuity that avoids potential losses during and after an event. Such strategies operate at three levels of the economy: micro (e.g., ability to catch up on lost production time), meso (e.g., coordination within a sector to share resources), and macro (e

Chapter 4. Economic Considerations: Cost-Effective and Efficient Climate Policies

Directory of Open Access Journals (Sweden)

Maximilian Auffhammer

2016-12-01

Full Text Available In this chapter we discuss the economics of climate change. We begin with a discussion of economic considerations that are important to take into account when designing and evaluating climate policy, including cost effectiveness and efficiency. We then discuss specific policies at the state, national, and international level in light of these economic considerations.  We have several recommendations for the path forward for climate policy. First, the goal of climate policy should be to reduce the damages caused by greenhouse gases. In addition to mitigation policy to reduce greenhouse gas concentrations in the atmosphere, one can also reduce the damages causes by greenhouse gases by adaptation measures that reduce our vulnerability to climate change impacts.  Second, policy-makers should use incentive- (or market- based instruments as opposed to command and control policies (including quantity-based mandates whenever possible. Whenever unpriced emissions are the sole market failure, incentive-based instruments such as a carbon tax or cap and trade program are more likely to achieve the social optimum and maximize social net benefits [1, 2]. Lin and Prince [3] calculate that the optimal gasoline tax for the state of California is $1.37 per gallon.  Our third recommendation is to address the risk of emissions leakage, which arises when only one jurisdiction (e.g., California imposes climate policy, but not the entire world. One way to reduce emissions leakage is to use the strategic distribution of emissions allowances to local producers. This method, known as “output-based allocation” or benchmarking, effectively subsidizes local producers and at least partially offsets the increase in their costs caused by an emissions cap [4]. Importantly, only local production is eligible for an allocation of valuable allowances, providing a counterweight to the incentive for emission leakage. Our fourth recommendation is that if they are used instead

Economic efficiency of solar hot water policy in New Zealand

International Nuclear Information System (INIS)

Gillingham, Kenneth

2009-01-01

New Zealand has recently followed the path of several other countries in promoting solar hot water (SHW) systems in the effort to reduce greenhouse gas emissions, yet the economic efficiency of large-scale policies to encourage SHW remains a pressing question for policymakers. This paper develops an economic framework to examine policies to promote SHW in New Zealand, including the current information, training, and subsidy policy. The economic framework points to environmental, energy security, and average-cost electricity retail pricing market failures as motivation for SHW policy, with the global climate change externality the most important of these. The results indicate that domestic SHW systems are close to being financially attractive from a consumer perspective, but a more substantial subsidy policy would be necessary for SHW to appeal to a wider audience. Such a policy is far more likely to have positive net benefits than a policy of mandating SHW on all homes or all new homes in New Zealand, and could be justified on economic efficiency grounds under reasonable assumptions. However, this result reverses under an economy-wide carbon trading system that internalizes the environmental externality.

The Impact of Key Monetary Variables on the Economic Growth of the CEMAC Zone

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Forgha Godfrey NJIMANTED

2016-09-01

Full Text Available This study seeks to empirically explore the impact of key monetary policy variables on the economic growth in the CEMAC zone from the period of 1981 to 2015. Carried out using the Ex post facto research design based on the principal components selection approach, the study interacts money supply, interest rate, economic growth, and inflation rate, among themselves and their lagged values using the Vector Auto-regressive (VAR analytical technique. The Classical quantity theory of money, the Cambridge Cash Balanced, the liquidity preference theory and the Monetarists as theoretical frameworks were explored to appreciate the time trends of the selected variables on the economic growth of the CEMAC zone. Based on the (VAR methodology, the study reveals that key monetary policy variables influence economic growth of the CEMAC zone in different ways with inflation rate as the impact factor. On the basis of the above findings and the evidence from other studies, lending and inflation rate generated substantial destabilizing impacts on the economic growth, suggesting that the monetary authorities should play a critical role in creating an enabling environment for growth. The determination of the optimal lending rate should reflect the overall internal rate of returns in the productive sectors with due attention to market fundamentals. In line with this, the Central Bank of CEMAC should be given complete instrumental autonomy to operate depending on a set of in-built targets by the individual countries of the zone. Effective monetary targeting and accommodating monetary policies should be designed and implemented as the need arises with little or no political motives.

Job creation and economic impact of renewable energy in the Netherlands

NARCIS (Netherlands)

Bulavskaya, T.; Reynès, F.G.D.

2018-01-01

This study evaluates the economic impact of a shift towards renewable electricity mix in the Netherlands using the neo-Keynesian CGEM ThreeME (Multi-sector Macroeconomic Model for the Evaluation of Environmental and Energy policy). This scenario has been inspired by the Urgenda's report ‘Energy 100%

The cyclical character of economic policy in Serbia 2001-2012

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Radović-Stojanović Jelena

2014-01-01

Full Text Available This paper investigates the cyclical character of economic policy in Serbia in the period 2001-2012. For this purpose the cyclical movement of the following monetary and fiscal variables have been analysed: M2 money supply, the retail price index, the consumer price index, and the real effective exchange rate as the monetary policy indicators, and budget revenues and budget expenditures as the fiscal policy indicators. In the evaluation of the cyclical character of the economic policy, cross-correlation between the cyclical component of economic policy indicators and the gross domestic product at various lags has been observed. The results of cross-correlation analysis suggest that the budget expenditures are countercyclical and lead the aggregate cycle while the budget revenues are procyclical. The cyclical character of M2 money supply in the Serbian economy is somewhat contradictory, so further investigations of the cyclical character of monetary policy and mutual interdependence of money and output are required. The real effective exchange rate is countercyclical. The prices are procyclical and lag behind the cycles in aggregate economic activity. The procyclical character of prices indicates that the causes of the cyclical fluctuations of aggregate economic activities in Serbia in the period from 2001 to 2012 were on the demand side.

Residents' perceptions of tourism impacts and attitudes towards tourism policies.

OpenAIRE

Brida, J.G.; Disegna, Marta; Osti, L.

2014-01-01

The purpose of this paper is to explore residents' perceptions of tourism impacts and how they affect attitudes towards local tourism policies. Particular attention is paid to the analysis of community attachment and employment sector of residents. This study presents the results of a quantitative survey among residing families of a small mountain community located in the North-East of Italy. The findings reveal that residents perceptions on economic, environmental and socio-cultural impacts ...

The Impact of Price, Tax, and Advertising Policies on Alcohol Use in ...

International Development Research Centre (IDRC) Digital Library (Canada)

It will examine the impact of pricing, taxation, and advertising policies on ... of users vs. non-users and consumption -influence of socio-economic status, gender, ... and limitations of current tax and advertising strategies in the four countries.

Government spending: an economic boost?

OpenAIRE

Daniel J. Wilson

2012-01-01

The severe global economic downturn and the large stimulus programs that governments in many countries adopted in response have generated a resurgence in research on the effects of fiscal policy. One key lesson emerging from this research is that there is no single fiscal multiplier that sums up the economic impact of fiscal policy. Rather, the impact varies widely depending on the specific fiscal policies put into effect and the overall economic environment.

76 FR 75599 - Advisory Committee on International Economic Policy; Notice of Meeting Cancellation

Science.gov (United States)

2011-12-02

... DEPARTMENT OF STATE [Public Notice: 7659] Advisory Committee on International Economic Policy; Notice of Meeting Cancellation The meeting of the Advisory Committee on International Economic Policy... Tiffany Enoch, Office of Economic Policy Analysis and Public Diplomacy, Bureau of Economic, and Business...

Modelling the economic impacts of addressing climate change

International Nuclear Information System (INIS)

2002-01-01

This Power Point report presents highlights of the latest economic modelling of Canada's Kyoto commitment to address climate change. It presents framework assumptions and a snapshot under 4 scenarios. The objective of this report is to evaluate the national, sectoral, provincial and territorial impacts of the federal reference case policy package in which the emissions reduction target is 170 Mt from a business-as-usual scenario. The reference case policy package also includes 30 Mt of sinks from current packages of which 20 Mt are derived from the forestry sector and the remainder from agricultural sector. The report examined 4 scenarios based on 2 international carbon prices ($10 and $50) per tonne of carbon dioxide in 2010. The scenarios were also based on the fiscal assumptions that climate change initiatives and revenue losses would directly affect the governments' balances, or that the government balances are maintained by increasing personal income tax. A comparison of impacts under each of the 4 scenarios to 2010 was presented. The model presents impacts on GDP, employment, disposable income per household, and energy prices. 4 tabs., 4 figs

The impact of financial and economic crisis on SME’s in Greece and Ireland

Directory of Open Access Journals (Sweden)

Lubor Lacina

2013-01-01

Full Text Available The impact of financial and economic crisis influencing economic development in EU countries is analysed predominately on macroeconomic level. Major part of economic studies analyse the effect of crisis on both real and potential economic growth, unemployment, inflation and debt dynamic. However the effects of the crisis are visible also at microeconomic level. The economic results of businesses are significantly influenced by the negative macroeconomic development at both national and international level. Both decrease in potential growth and purchasing power due to economic recession and more restrictive fiscal policy have a direct impact on aggregate demand and thus the microeconomic sector as whole. Additional source of problems is connected with banking sector crisis and the access to financing mainly for small and medium-sized enterprises (SME’s. The aim of the paper is to fill the gap in economic research and to analyse the impact of the ongoing crisis on business entities in selected eurozone member countries. Authors selected two eurozone member countries from EU periphery (Greece and Ireland. Both countries are severely hit by economic crisis and authors suppose that also their business sector will be significantly influenced. However author believes that the structural differences will lead over the time in faster recovery of Irish businesses in contrast to the Greek one.We create dataset using Amadeus database which contains the harmonized data about statistically significant set of business in selected countries. Authors then sorting the data according selected variables such as size of the company, NACE categorization and comparative indicators of individual business economic performance, namely representatives of indicators groups profitability, solvency, liquidity and indebtedness/financial structure of business entities. For the purpose of analysis authors analyse the data series three years before the crisis (2005, 2006 and

Office of Economic Impact and Diversity 2003 annual report

Energy Technology Data Exchange (ETDEWEB)

None, None

2004-05-01

This report covers a one-year period in which the Office successfully completed several major activities. The Office of Economic Impact and Diversity (ED) is responsible for the development and implementation of Department-wide polices in the areas of small business, diversity and minority economic development. ED oversees civil rights laws, rules, and regulations, and establishes Department-wide civil rights policy. Additionally, ED promotes excellence in the workplace and adheres to the objectives stated below relative to the President’s Management Agenda (PMA): Strategic management of human capital; Competitive sourcing; Improved financial performance; Expanded electronic government, and Budget and performance integration

78 FR 69669 - Intent To Conduct a Detailed Economic Impact Analysis

Science.gov (United States)

2013-11-20

... EXPORT-IMPORT BANK Intent To Conduct a Detailed Economic Impact Analysis This notice is to inform... guarantee, the value of the transaction, and the amount of new foreign production capacity are not included... date this notice appears in the Federal Register. James C. Cruse, Senior Vice President, Policy and...

A HUMANISING ECONOMIC APPROACH ON COMPETITION POLICY OR HOW THE BEHAVIORAL ECONOMICS BLENDS WITH “TRADITIONAL ECONOMICS”

Directory of Open Access Journals (Sweden)

Liviana Andreea Niminet

2015-07-01

Full Text Available Behavioral are crucial for understanding both the consumer’s attitude and firms’ attitude as well as for understanding the market outcomes. The past ten years brought a lot of attention from researchers and policy-makers on the behavioral economics issue. Classical, traditional economic models rely on the assumptions of rationality and ordered preferences. Behavioral economics explores interactions between demand and supply including information framing, the use of heuristics in decision-making and time-inconsistent preferences. The research on behavioral economics has led to an extensive debate about the relative merits of both traditional and behavioral economics. First of all we propose to highlight the advantages and disadvantages of behavioral economics versus traditional economics on a very sensitive issue: the competition policy. Then we address market issues that can be solved by means of behavioral economics afterwards turning out attention to the remedies of behavioral economics and ,last but not least, the United Kingdom successful model on the matter of competition policy.

Expansion of environmental impact assessment for eco-efficiency evaluation of China's economic sectors: An economic input-output based frontier approach.

Science.gov (United States)

Xing, Zhencheng; Wang, Jigan; Zhang, Jie

2018-09-01

Due to the increasing environmental burdens caused by dramatic economic expansion, eco-efficiency indicating how efficient the economic activity is with respect to its environmental impacts has become a topic of considerable interest in China. In this context, Economic Input-output Life Cycle Assessment (EIO-LCA) and Data Envelopment Analysis (DEA) are combined to assess the environmental impacts and eco-efficiency of China's 26 economic sectors. The EIO-LCA results indicate that Electricity Production and Supply sector is the largest net exporter in energy usage, CO 2 emission and exhaust emission categories, while Construction sector is the largest net importer for five impact categories except for water withdrawal. Moreover, Construction sector is found to be the destination of the largest sector-to-sector environmental impact flows for the five impact categories and make the most contributions to the total environmental impacts. Another key finding is that Agriculture sector is both the largest net exporter and the greatest contributor for water withdrawal category. DEA results indicate that seven sectors are eco-efficient while over 70% of China's economic sectors are inefficient and require significant improvements. The average target improvements range between 23.30% and 35.06% depending on the impact category. Further sensitivity analysis reveals that the average sensitivity ratios vary from 7.7% to 15.7% among the six impact categories, which are found to be negatively correlated with their improvement potentials. Finally, several policy recommendations are made to mitigate environmental impacts of China's economic sectors and improve their eco-efficiency levels. Copyright © 2018 Elsevier B.V. All rights reserved.

Impact of Fishery Policy on Fishery Manufacture Output, Economy and Welfare in Indonesia

Science.gov (United States)

Firmansyah; Oktavilia, Shanty; Sugiyanto, F. X.; Hamzah, Ibnu N.

2018-02-01

The fisheries sector and fish manufacturing industry are the bright prospect sectors of Indonesia, due to its huge potency, which has not been worked out optimally. In facts, these sectors can generate a large amount of foreign exchange. The Government has paid significant attention to the development of these sectors. This study simulates the impact of fishery policies on the production of fish manufacturing industry, national economic and welfare in Indonesia. By employing the Input-Output Analysis approach, impacts of various government policy scenarios are developed, covering fisheries technical policy, as well as infrastructure development policies in the fisheries sector. This study indicates that the policies in the fisheries sector increase the output of fishery, the production of fish manufacturing industry, the sectoral and national outputs, as well as the level of national income.

Economic and policy analysis for solar PV systems in Indiana

International Nuclear Information System (INIS)

Jung, Jinho; Tyner, Wallace E.

2014-01-01

In recent years, the energy market in the US and globally is expanding the production of renewable energy. Solar energy for electricity is also expanding in the US. Indiana is one of the states expanding solar energy with solar photovoltaic (PV) systems. Therefore, we conduct benefit cost analysis with several uncertain input variables to determine the economics of adopting solar PV systems in Indiana based on policy instruments that could increase adoption of solar PV systems. The specific objectives are analyses of the cost distribution of solar PV systems compared with grid electricity in homes and estimating the probability that solar can be cheaper than electricity from grids under different policy combinations. We first do the analysis under current policy and then the analysis under potential policy options for a variety of scenarios. Also, the results inform government policy makers on how effective the alternative policies for encouraging solar PV systems are. The results show that current policies are important in reducing the cost of solar PV systems. However, with current policies, there is only 50–50 chance of solar being cheaper than electricity from grids. If potential policies are implemented, solar PV systems can be more economical than grid electricity. - Highlights: • We investigate the economics of solar PV systems based on policy instruments. • We do scenario analyses under different combinations of policies. • We examine the probability of solar being cheaper than grid electricity for each scenario. • With current policies, there is 50–50 chance of solar being cheaper than the grid. • With depreciation and carbon tax, solar is much more economical than the grid

Regional economic impacts of nuclear power plants

International Nuclear Information System (INIS)

Isard, W.; Reiner, T.; Van Zele, R.; Stratham, J.

1976-08-01

This study of economic and social impacts of nuclear power facilities compares a nuclear energy center (NEC) consisting of three surrogate sites in Ocean County, New Jersey with nuclear facilities dispersed in the Pennsylvania - New Jersey - Maryland area. The NEC studied in this report is assumed to contain 20 reactors of 1200 MW(e) each, for a total NEC capacity of 24,000 MW(e). Following the Introductory chapter, Chapter II discusses briefly the methodological basis for estimating impacts. This part of the analysis only considers impacts of wages and salaries and not purchase of construction materials within the region. Chapters III and IV, respectively, set forth the scenarios of an NEC at each of three sites in Ocean County, N.J. and of a pattern of dispersed nuclear power plants of total equivalent generating capacity. In each case, the economic impacts (employment and income) are calculated, emphasizing the regional effects. In Chapter V these impacts are compared and some more general conclusions are reported. A more detailed analysis of the consequences of the construction of a nuclear power plant is given in Chapter VI. An interindustry (input-output) study, which uses rather finely disaggregated data to estimate the impacts of a prototype plant that might be constructed either as a component of the dispersed scenario or as part of an NEC, is given. Some concluding remarks are given in Chapter VII, and policy questions are emphasized

A Fragile Prosperity: Government Policy and the Management of Hong Kong's Economic and Social Development

OpenAIRE

Leo F. Goodstadt

2009-01-01

This paper examines the impact of 'ideological' preconceptions on Hong Kong policy-making both during and after the colonial era. An abiding commitment to laisser faire reflected demographic anxieties that were not dispelled by sustained, high-speed economic growth. Economic pessimism was encouraged by the influence of Malthus and John Stuart Mill and the rejection of Keynesianism although the economy was never as vulnerable as officials claimed. The analysis identifies the continuing costs, ...

A review of economic impact of targeted oral anticancer medications.

Science.gov (United States)

Shen, Chan; Chien, Chun-Ru; Geynisman, Daniel M; Smieliauskas, Fabrice; Shih, Ya-Chen T

2014-02-01

There has been a rapid increase in the use of targeted oral anticancer medications (OAMs) in the past decade. As OAMs are often expensive, economic consideration play a significant role in the decision to prescribe, receive or cover them. This paper performs a systematic review of costs or budgetary impact of targeted OAMs to better understand their economic impact on the healthcare system, patients as well as payers. We present our review in a summary table that describes the method and main findings, take into account multiple factors, such as country, analytical approach, cost type, study perspective, timeframe, data sources, study population and care setting when we interpret the results from different papers, and discuss the policy and clinical implications. Our review raises a concern regarding the role of sponsorship on findings of economic analyses as the vast majority of pharmaceutical company-sponsored studies reported cost advantages toward the sponsor's drugs.

Historical economic and environmental policies influencing trace metal inputs in Montevideo Bay, Río de la Plata

International Nuclear Information System (INIS)

Bueno, C.; Brugnoli, E.; Figueira, R.C.L.; Muniz, P.; Ferreira, P.A.L.

2016-01-01

Montevideo Bay is located in the middle zone of the Rio de la Plata, and since the foundation of the city, several key economic and environmental policies affected the industry, and thus, metal inputs into this ecosystem. The aim of this study is to evaluate the sedimentary geochemical record of Montevideo Bay, in order to determine the historical inputs of anthropogenic metals to the system. In addition, environmental and economic policies of the country were taken into account to infer the relationship between them and the historic metal input. Concentrations of aluminum, chromium, copper, lead, scandium and zinc were analyzed and the EF and SPI indices were calculated. The analysis showed that since Montevideo foundation, metal concentrations increased in accordance with industry development, and the indices as well as the metal concentration represent a reliable footprint of the history of different economic and environmental policies influencing historical industrial activities. - Highlights: • Trace metal record of a sediment core of Montevideo Bay/harbor was studied. • The historic inputs of metals in the area were inferred. • System degradation evolved from anthropogenic impacts. • A relationship between pollution and environmental/economic policies was discussed.

African Journal of Economic Policy

African Journals Online (AJOL)

The primary aim of this journal, an offshoot of the Trade Policy Research and Training Programme in Economics Department, University of Ibadan, is to provide a forum for development and equity on the African continent. Vol 20, No 2 (2013). DOWNLOAD FULL TEXT Open Access DOWNLOAD FULL TEXT Subscription or ...

Ecosystem services and economic theory: integration for policy-relevant research.

Science.gov (United States)

Fisher, Brendan; Turner, Kerry; Zylstra, Matthew; Brouwer, Roy; de Groot, Rudolf; Farber, Stephen; Ferraro, Paul; Green, Rhys; Hadley, David; Harlow, Julian; Jefferiss, Paul; Kirkby, Chris; Morling, Paul; Mowatt, Shaun; Naidoo, Robin; Paavola, Jouni; Strassburg, Bernardo; Yu, Doug; Balmford, Andrew

2008-12-01

It has become essential in policy and decision-making circles to think about the economic benefits (in addition to moral and scientific motivations) humans derive from well-functioning ecosystems. The concept of ecosystem services has been developed to address this link between ecosystems and human welfare. Since policy decisions are often evaluated through cost-benefit assessments, an economic analysis can help make ecosystem service research operational. In this paper we provide some simple economic analyses to discuss key concepts involved in formalizing ecosystem service research. These include the distinction between services and benefits, understanding the importance of marginal ecosystem changes, formalizing the idea of a safe minimum standard for ecosystem service provision, and discussing how to capture the public benefits of ecosystem services. We discuss how the integration of economic concepts and ecosystem services can provide policy and decision makers with a fuller spectrum of information for making conservation-conversion trade-offs. We include the results from a survey of the literature and a questionnaire of researchers regarding how ecosystem service research can be integrated into the policy process. We feel this discussion of economic concepts will be a practical aid for ecosystem service research to become more immediately policy relevant.

Monetary-Fiscal-Trade Policy and Economic Growth in Pakistan: Time Series Empirical Investigation

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Syed Tehseen Jawaid

2011-01-01

Full Text Available This study empirically examines the effect of monetary, fiscal and trade policy on economic growth in Pakistan using annual time series data from 1981 to 2009. Money supply, government expenditure and trade openness are used as proxies of monetary, fiscal and trade policy respectively. Cointegration and error correction model indicate the existence of positive significant long run and short run relationship of monetary and fiscal policy with economic growth. Result also indicates that monetary policy is more effective than fiscal policy in Pakistan. In contrast, trade policy has insignificant effect on economic growth both in the short run and in the long run. In light of the findings, it is suggested that the policy makers should focus more on monetary policy in order to ensure economic growth in the country. It is also recommended that further research should be conducted to find out such components of exports and imports which lead to the ineffectiveness of trade policy to enhance economic growth in Pakistan.

Economic impact profiling of CBRN events: focusing on biological incidents.

Science.gov (United States)

Cavallini, Simona; Bisogni, Fabio; Mastroianni, Marco

2014-12-01

Chemical, biological, radiological and nuclear (CBRN) incidents, both caused accidentally by human error or natural/technological events and determined intentionally as criminal/malicious/terroristic acts, have consequences that could be differently characterized. In the last years many efforts to analyze the economic impact of terrorist threat have been carried out, while researches specifically concerning CBRN events have not been extensively undertaken. This paper in particular aims at proposing a methodological approach for studying macro-level economic impact profiles of biological incidents caused by weaponized and non-weaponized materials. The suggested approach investigates the economic consequences of biological incidents according to two main dimensions: type of large-scale effect and persistence of effect. Biological incident economic impacts are analyzed taking into account the persistence of effect during time as short-term impact (i.e. immediately after the incident), medium-term impact (i.e. by a month) and long-term impact (i.e. by years). The costs due to preventive countermeasure against biological threats (e.g. prevention, protection and preparedness expenses) are not taken into account. To this purpose, information on the key features of past biological incidents can be used as case studies to try to build impact profiles taking into account the proposed two main dimensions. Consequence management and effect mitigation of CBRN emergencies and disasters may benefit from an ex ante definition of the impact profiling related to this kind of incidents. The final goal of this paper is to define an approach to organize information on possible biological events according to their impact profile for supporting more effective and efficient first responders' prompt actions and policy makers' strategic decisions after the event occurrence.

Impact of Fiscal Variables on Economic Development of Pakistan

Directory of Open Access Journals (Sweden)

Zaheer Khan KAKAR

2011-12-01

Full Text Available The objective of this paper is to determine the impact of the fiscal variables on economic growth in Pakistan using time series data for the period 1980-2009. Cointegration and error correction techniques are used for this analysis and Granger causality test is used to determine the direction of causality. This study will provide help in determining the importance of fiscal policy for the development of Pakistan.

Education Policy and "Friedmanomics": Free Market Ideology and Its Impact on School Reform

Science.gov (United States)

Fiala, Thomas J.; Owens, Deborah Duncan

2010-01-01

The purpose of this paper is to examine the impact of neoliberal ideology, and in particular, the economic and social theories of Milton Friedman on education policy. The paper takes a critical theoretical approach in that ultimately the paper is an ideological critique of conservative thought and action that impacts twenty-first century education…

From Poverty to Prosperity: Literacy's Impact on Canada's Economic Success. Summary

Science.gov (United States)

Murray, Scott; Shillington, Richard

2011-01-01

To persuade policy makers to tackle poverty prevention through significant investment in literacy development, the authors, Murray and Shillington, analyzed the most recent data to illustrate the impact of literacy skills on a micro-, as well as macro-economic level. Statistics clearly show direct links between literacy skill and income level:…

Environmental economic impact assessment in China: Problems and prospects

International Nuclear Information System (INIS)

Lindhjem, Henrik; Hu Tao; Ma Zhong; Skjelvik, John Magne; Song Guojun; Vennemo, Haakon; Wu Jian; Zhang Shiqiu

2007-01-01

The use of economic valuation methods to assess environmental impacts of projects and policies has grown considerably in recent years. However, environmental valuation appears to have developed independently of regulations and practice of environmental impact assessment (EIA), despite its potential benefits to the EIA process. Environmental valuation may be useful in judging significance of impacts, determining mitigation level, comparing alternatives and generally enabling a more objective analysis of tradeoffs. In China, laws and regulations require the use of environmental valuation in EIA, but current practice lags far behind. This paper assesses the problems and prospects of introducing environmental valuation into the EIA process in China. We conduct four case studies of environmental economic impact assessment (EEIA), three of which are based on environmental impact statements of construction projects (a power plant, a wastewater treatment plant and a road construction project) and one for a regional pollution problem (wastewater irrigation). The paper demonstrates the potential usefulness of environmental valuation but also discusses several challenges to the introduction and wider use of EEIA, many of which are likely to be of relevance far beyond the Chinese context. The paper closes with suggesting some initial core elements of an EEIA guideline

Assessing the impact of the Nitrate Directive on farming systems using a bio-economic modelling chain

NARCIS (Netherlands)

Belhouchette, H.; Louhichi, K.; Therond, O.; Mouratiadou, I.; Wery, J.; Ittersum, van M.K.; Flichman, G.

2011-01-01

Bio-economic models can be used to assess the impact of policy and environmental measures through economic and environmental indicators. Focusing on agricultural systems, farmers’ decisions in terms of cropping systems and the associated crop management at field scale are essential in such studies.

The Effect of Mitigation Policy on Regional Climate Impacts on the U.S. Electric Sector

Science.gov (United States)

Cohen, S. M.; Sun, Y.; Strzepek, K.; McFarland, J.; Boehlert, B.; Fant, C.

2017-12-01

Climate change can influence the U.S. electricity sector in many ways, the nature of which can be shaped by energy and environmental policy choices. Changing temperatures affect electricity demand largely through heating and cooling needs, and temperatures also affect generation and transmission system performance. Altered precipitation patterns affect the regional and seasonal distribution of surface water runoff, which changes hydropower operation and thermal cooling water availability. The extent to which these stimuli influence U.S. power sector operation and planning will depend to some extent on whether or not proactive policies are enacted to mitigate these impacts. Mitigation policies such as CO2 emissions limits or technology restrictions can change the makeup of the electricity system while reducing the extent of climate change itself. We use the National Renewable Energy Laboratory's Regional Energy Deployment System (ReEDS), a U.S. electric sector capacity expansion model, to explore electric sector evolution through 2050 under alternative climate and policy assumptions. The model endogenously represents climate impacts on load, power system performance, cooling water availability, and hydropower, allowing internally consistent system responses to climate change along with projected technology, market, and policy conditions. We compare climate impacts across 5 global circulation models for a 8.5 W/m2 representative concentration pathway (RCP) without a climate mitigation policy and a 4.5 W/m2 RCP with climate mitigation. Climate drivers affect the capacity and generation mix at the national and regional levels, with relative growth of wind, solar, and natural gas-based technologies depending on local electricity system characteristics. These differences affect regional economic impacts, measured here as changes to electricity price and system costs. Mitigation policy reduces the economic and system impacts of climate change largely by moderating

The economic impact of environmentally sustainable transport in Germany

International Nuclear Information System (INIS)

Schade, B.; Rothengatter, W.

2004-01-01

The economic assessment of the Environmentally Sustainable Transportation (EST) scenarios developed throughout this paper are part of Phase 3 of the overall project, which is on social and economic assessment and on devising packages of instruments that - if implemented - would result in attaining EST. Two methods were chosen for the assessment of the scenarios: a qualitative evaluation based on a simplified cybernetic model (SCM) and a system dynamics model (SDM). In the assessment with the simplified cybernetic model, a conservative baseline has been chosen in order to start with a scenario that incorporates some pessimistic views of the industry. The aim is to show that, even in this case, an economic disaster will not occur. The System Dynamics Model ESCOT was designed to consider the ecological and technical aspects of a transition towards sustainable transportation. It is important that ESCOT considers not only first round effects but also secondary effects, which makes it a powerful instrument for the assessment of such large ecological changes. The economic assessment of environmentally sustainable scenarios shows that the departure from car and road freight oriented transport policy is far from leading to an economic collapse. The effects concerning economic indices are rather low, even though the measures proposed in the EST-80% scenario designate distinct changes compared to today's transport policy. The impacts on some economic indicators, however, are clearly negative. With an expansion of the time period for the transition in the EST-50% scenario we derived even more encouraging results than for EST-80%

Economic perspectives on the impact of climate variability and change: A summary report

International Nuclear Information System (INIS)

Timmerman, P.; Grima, A.P.

1988-01-01

A summary is presented of a collection of papers on the economic methodologies applicable to studies of the impact of global climate variability and change. The research was sponsored by the Canadian Climate program and was conducted as part of a project investigating the potential impacts on various sectors of the Canadian economy of climate warming due to the greenhouse effect. Topics of the papers include microeconomic analysis, benefit/cost analysis, input-output analysis, policy options regarding water levels in the Great Lakes, the scenario approach to assessing socio-economic sensitivities to climate change in the agri-food sector, and analysis of weather impacts. Several analytical tools are seen to be readily applicable to economic analyses of the effects of climate change, and issues of future water supply and demand are seen as central to climate impact assessment, and of particular concern to Canada

Renewable heating: Perspectives and the impact of policy instruments

International Nuclear Information System (INIS)

Kranzl, Lukas; Hummel, Marcus; Müller, Andreas; Steinbach, Jan

2013-01-01

In the light of the EU directive for renewable energy (2009/28/EC) this paper deals with the question how various policy instruments could impact the development of renewable heating technologies. The paper applies the simulation model Invert/EE-Lab for the building related heat demand in selected European countries (Austria, Lithuania and United Kingdom). The resulting scenarios up to 2030 are compared to RES-Heat targets from literature, stakeholder consultation processes and the targets in the national renewable energy action plans submitted by EU Member States in 2010. The results demonstrate that use obligations for renewable heating can be effective in achieving RES-Heat market growth. However, in order to attain a balanced technology mix and more ambitious targets, policy packages are required combining use obligations with economic incentives and accompanying measures. Technology specific conclusions are derived. Moreover, conclusions indicate that the action plans are not always consistent with policy measures in place or under discussion. - Highlights: • Modeling of RES-Heat policies in the building sector. • Application of the model Invert/EE-Lab for the cases of AT, LT, UK. • RES-Heat use obligations are effective but should be integrated in policy packages. • The design of use obligations has substantial impact on the RES-H technology mix. • National renewable energy action plans are not always consistent with policies

Renewable resource policy when distributional impacts matter

International Nuclear Information System (INIS)

Horan, R.D.; Shortle, J.S.; Bulte, E.H.

1999-01-01

The standard assumption in bioeconomic resource models is that optimal policies maximize the present value of economic surplus to society. This assumption implies that regulatory agencies should not be concerned with the distributional consequences of management strategies. Both contemporary welfare-theoretic and rent-seeking approaches suggests distributional issues are important in designing resource management policies. This paper explores resource management when the managing agency has preferences defined over the economic welfare of various groups with a direct economic interest in the use of resources. Policy schemes consistent with this approach are derived and compared with standard results. 42 refs

Economic Policy Uncertainty and Long-Run Stock Market Volatility and Correlation

DEFF Research Database (Denmark)

Asgharian, Hossein; Christiansen, Charlotte; Hou, Ai Jun

We use Baker, Bloom, and Davis’s (2016) economic policy uncertainty indices in combination with the mixed data sampling (MIDAS) approach to investigate long-run stock market volatility and correlation, primarily for the US and UK. Long-run US–UK stock market correlation depends positively on US...... economic policy uncertainty shocks. The dependence is asymmetric, with only positive shocks - increasing uncertainty - being of importance. The US long-run stock market volatility depends significantly on US economic policy uncertainty shocks but not on UK shocks, while the UK long-run stock market...... volatility depends significantly on both. Allowing for US economic policy uncertainty shocks improves the out-of-sample forecasting of US–UK stock market correlation and enhances portfolio performance. Similar results apply to the long-run correlation between the US and Canada, China, and Germany....

Ecological economics and economic growth.

Science.gov (United States)

Victor, Peter A

2010-01-01

Boulding's 1966 paper on the economics of spaceship Earth established the framework for ecological economics and an understanding of economic growth. In ecological economics, economies are conceptualized as open subsystems of the closed biosphere and are subject to biophysical laws and constraints. Economic growth measured as an increase in real gross domestic product (GDP) has generally been associated with increases in the use of energy and materials and the generation of wastes. Scale, composition, and technology are the proximate determinants of environmental impacts. They are often reduced to two: scale (GDP) and intensity (impact per unit GDP). New work described in this paper defines "green" growth as intensity that declines faster than scale increases. Similarly, "brown" growth occurs when intensity declines more slowly than increases in scale, and "black" growth happens when both scale and intensity increase. These concepts are then related to the environmental Kuznets curve, which can be understood as a transition from brown to green growth. Ecological economics provides a macroperspective on economic growth. It offers broad policy principles, and it challenges the primacy of economic growth as a policy objective, but many important questions remain.

A brief history of economic evaluation for human papillomavirus vaccination policy.

Science.gov (United States)

Beutels, Philippe; Jit, Mark

2010-09-01

This commentary discusses key issues for health economic evaluation and modelling, applied to human papillomavirus (HPV) vaccine programs. We outline some of the specific features of HPV disease and vaccination, and associated policy questions in light of a literature search for economic evaluations on HPV vaccination. We observe that some policy questions could not be reliably addressed by many of the 43 published economic evaluations we found. Despite this, policy making on universal HPV vaccination followed shortly after vaccine licensure in many developed countries, so the role economic evaluation played in informing these decisions (pre-dating 2008) seems to have been fairly limited. For more recent decisions, however, economic evaluation is likely to have been used more widely and more intensively. We expect future cost-effectiveness analyses to be more instrumental in policy making regarding vaccines covering more HPV types, therapeutic HPV vaccines, and novel diagnostic tests for biomarkers of HPV infection and disease integrated with cervical screening programs.

Complexity hints for economic policy

CERN Document Server

Salzano, Massimo

2007-01-01

This volume extends the complexity approach to economics. This complexity approach is not a completely new way of doing economics, and that it is a replacement for existing economics, but rather the integration of some new analytic and computational techniques into economists’ bag of tools. It provides some alternative pattern generators, which can supplement existing approaches by providing an alternative way of finding patterns than be obtained by the traditional scientific approach. On this new kind of policy hints can be obtained. The reason why the complexity approach is taking hold now in economics is because the computing technology has advanced. This advance allows consideration of analytical systems that could not previously be considered by economists. Consideration of these systems suggested that the results of the "control-based" models might not extend easily to more complicated systems, and that we now have a method—piggybacking computer assisted analysis onto analytic methods—to start gen...

Research Network on Regional Economic and Policy History

NARCIS (Netherlands)

Molema, A.M.; van der Zwet, Arno

2017-01-01

In the spring of 2017, the Research Network on Regional Economic and Policy History organised its inaugural workshop in London. The network aims to stimulate research in relation to regional economic development and planning challenges, by exploring the importance of historical approaches and

Technology-Critical Elements: Economic and Policy Perspectives

Science.gov (United States)

Eggert, R. G.

2017-12-01

Critical elements are those that provide essential functionality to modern engineered materials, have few ready substitutes and are subject to supply-chain risks or concerns about long-run availability. This paper provides economic and public-policy perspectives on critical elements. It suggests: that which elements are critical is situational and changes over time; that we are not running out of mineral-derived raw materials in a geologic sense but rather, for some elements, face scarcities that are technological, environmental, political or economic in nature; and that public policy's most important role over the longer term is fostering scientific and technological innovation, especially early stage research, that has the potential to overcome these scarcities.

INVESTIGATION OF FISCAL AND BUDGETARY POLICIES BASED ON ECONOMIC THEORIES

Directory of Open Access Journals (Sweden)

EMILIA CAMPEANU

2011-04-01

Full Text Available Empirical analysis of fiscal and budgetary policies cannot be achieved without first knowing how they are viewed in the economic theories. This approach is important to indicate the position and implications of fiscal and budgetary policy tools in the economic theory considering their major differences. Therefore, the paper aims is to investigate the fiscal and budgetary policies based on economic theories such as neoclassical, Keynesian and neo-Keynesian theory in order to indicate their divergent points. Once known these approaches at the economic theory level is easier to establish the appropriate measures taking into consideration the framing of a country economy in a certain pattern. This work was supported from the European Social Fund through Sectoral Operational Programme Human Resources Development 2007-2013, project number POSDRU/89/1.5/S/59184 „Performance and excellence in postdoctoral research in Romanian economics science domain” (contract no. 0501/01.11.2010.

Classification of economic and legal remedies for the realization of the state regional policy

Directory of Open Access Journals (Sweden)

Лілія Сергіївна Тертишна

2017-09-01

Full Text Available The article is devoted to the study of the economic and legal mechanism for ensuring the functioning of the state regional policy in Ukraine. The existing legal and regulatory framework on the availability in it necessary and sufficient conceptual apparatus, a list of economic and legal items or the effective implementation of the state regional policy is analyzed. The main defects of the legislation regulating the state regional policy are defined. State regional policy is a fragment of social and economic policies in the scale of its specific administrative units – regions, and in content – by the means of a synthesis of economic and legal methods aimed at solving problems of state investment, innovation, foreign trade, sectoral policies, where the economic and legal means are regarding the economic part of this policy. It was substantiated that the efficiency of national regional policy depends on how successfully the state can combine and integrate all the directions and types of policies and especially their economic and legal means. It is established, that the general means of state regulation are defined in the Commercial Code of Ukraine as a key. However, there is a need to identify and consolidate the entire system of economic and legal means of state regulation that can be applied in the implementation of the state regional policy and to determine the specific implementation mechanisms. It was found that for all state regional policy objects the universal are such economic law enforcement actions as a public-private partnership and special modes of management.

Neoliberalism, trade imbalances, and economic policy in the Eurozone crisis

Directory of Open Access Journals (Sweden)

Engelbert Stockhammer

2016-12-01

Full Text Available This paper analyzes the causes of the Eurozone crisis. In doing so, it carefully surveys authors from different economic schools of thought. The paper discusses competing explanations for European current account imbalances. Remarkably, opposing views on the relative importance of cost developments and demand developments in explaining current account imbalances can be found in both heterodox and orthodox economics. Regarding the assessment of fiscal and monetary policy there is a clearer polarisation, with heterodox analysis regarding austerity as unhelpful and most of orthodox economics endorsing it. We advocate a post-Keynesian view, which holds that current account imbalances are not a fundamental cause of the sovereign debt crisis. Rather, the economic policy architecture of the Eurozone, which aims at restricting the role of fiscal and monetary policy, is the key to understanding the crisis in Europe.

Ecosystem change and human health: implementation economics and policy.

Science.gov (United States)

Pattanayak, S K; Kramer, R A; Vincent, J R

2017-06-05

Several recent initiatives such as Planetary Health , EcoHealth and One Health claim that human health depends on flourishing natural ecosystems. However, little has been said about the operational and implementation challenges of health-oriented conservation actions on the ground. We contend that ecological-epidemiological research must be complemented by a form of implementation science that examines: (i) the links between specific conservation actions and the resulting ecological changes, and (ii) how this ecological change impacts human health and well-being, when human behaviours are considered. Drawing on the policy evaluation tradition in public economics, first, we present three examples of recent social science research on conservation interventions that affect human health. These examples are from low- and middle-income countries in the tropics and subtropics. Second, drawing on these examples, we present three propositions related to impact evaluation and non-market valuation that can help guide future multidisciplinary research on conservation and human health. Research guided by these propositions will allow stakeholders to determine how ecosystem-mediated strategies for health promotion compare with more conventional biomedical prevention and treatment strategies for safeguarding health.This article is part of the themed issue 'Conservation, biodiversity and infectious disease: scientific evidence and policy implications'. © 2017 The Authors.

THE IMPACT OF FISCAL POLICY IMPACT ON INCOME INEQUALITY AND ECONOMIC GROWTH: A CASE STUDY OF DISTRICT/CITY IN JAVA

Directory of Open Access Journals (Sweden)

Harry Azhar Aziz

2016-12-01

Full Text Available Indonesian government has planned a policy in both accelerating the economic growth and reducing the income inequality. The improvement of income equality in Indonesia is conducted specifically through tax and transfer system. The progressive tax system is conducted to redistribute income and to reduce income inequality (measured by Gini index. The efficiency of a low tax system gave rise to suspicion that the system is not effective for reducing income inequality. This study examines the effect of fiscal policy on income ineaquality and economy growth in Java. To achieve the objective of study, the changes of macroeconomic indicators, tax system efficiency, and the changes of the income distribution is analysed using a panel data regression model. The results showed that the redistribution value of district/city is negative, indicating that the redistribution through taxes is not effective. In practice, the applicable tax system tends to widen the income inequality. The relation between equity income and economic growth show greater influence in the region with high income, whereas in regions with low income, incidence of such influence is very small indeed.

Foreign Policy and Public-Private Partnership for Economic ...

African Journals Online (AJOL)

This paper examines foreign policy and public-private partnership for economic development in Nigeria. It proceeds from the assumption that foreign policy goes beyond spontaneous reaction to international issues and events, but an extrapolative and empirical attempt at achieving a state's short and long term goals ...

Empiric Study about the Mix Fiscal Policy – Economic Development

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Alexandru Sergiu Ocnean

2006-11-01

Full Text Available Economic development is one of the primary objectives of any government. Fiscal policy represents one of the most effective tools that government authorities could use in order to influence the economy. Having this in mind, this paper focuses on the connection between economic development and fiscal policy and proposes an empirical study based on a sample of 21 European countries. Using a simple pool data model, we tried to distinguish the relations between the evolution of GDP per capita, as a proxy for economic development, and the evolution of three fiscal policy variables, namely the tax burden, the public expenditure to GDP ratio and the budget deficit to GDP ratio.

Empiric Study about the Mix Fiscal Policy – Economic Development

Directory of Open Access Journals (Sweden)

Alexandru Sergiu Ocnean

2006-09-01

Full Text Available Economic development is one of the primary objectives of any government. Fiscal policy represents one of the most effective tools that government authorities could use in order to influence the economy. Having this in mind, this paper focuses on the connection between economic development and fiscal policy and proposes an empirical study based on a sample of 21 European countries. Using a simple pool data model, we tried to distinguish the relations between the evolution of GDP per capita, as a proxy for economic development, and the evolution of three fiscal policy variables, namely the tax burden, the public expenditure to GDP ratio and the budget deficit to GDP ratio.

Economic impacts of non-native forest insects in the continental United States.

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Juliann E Aukema

Full Text Available Reliable estimates of the impacts and costs of biological invasions are critical to developing credible management, trade and regulatory policies. Worldwide, forests and urban trees provide important ecosystem services as well as economic and social benefits, but are threatened by non-native insects. More than 450 non-native forest insects are established in the United States but estimates of broad-scale economic impacts associated with these species are largely unavailable. We developed a novel modeling approach that maximizes the use of available data, accounts for multiple sources of uncertainty, and provides cost estimates for three major feeding guilds of non-native forest insects. For each guild, we calculated the economic damages for five cost categories and we estimated the probability of future introductions of damaging pests. We found that costs are largely borne by homeowners and municipal governments. Wood- and phloem-boring insects are anticipated to cause the largest economic impacts by annually inducing nearly $1.7 billion in local government expenditures and approximately $830 million in lost residential property values. Given observations of new species, there is a 32% chance that another highly destructive borer species will invade the U.S. in the next 10 years. Our damage estimates provide a crucial but previously missing component of cost-benefit analyses to evaluate policies and management options intended to reduce species introductions. The modeling approach we developed is highly flexible and could be similarly employed to estimate damages in other countries or natural resource sectors.

Estimating the economic impact of seismic activity in Kyrgyzstan

Science.gov (United States)

Pittore, Massimiliano; Sousa, Luis; Grant, Damian; Fleming, Kevin; Parolai, Stefano; Free, Matthew; Moldobekov, Bolot; Takeuchi, Ko

2017-04-01

Estimating the short and long-term economical impact of large-scale damaging events such as earthquakes, tsunamis or tropical storms is an important component of risk assessment, whose outcomes are routinely used to improve risk awareness, optimize investments in prevention and mitigation actions, as well as to customize insurance and reinsurance rates to specific geographical regions or single countries. Such estimations can be carried out by modeling the whole causal process, from hazard assessment to the estimation of loss for specific categories of assets. This approach allows a precise description of the various physical mechanisms contributing to direct seismic losses. However, it should reflect the underlying epistemic and random uncertainties in all involved components in a meaningful way. Within a project sponsored by the World Bank, a seismic risk study for the Kyrgyz Republic has been conducted, focusing on the assessment of social and economical impacts assessed in terms of direct losses of the residential and public building stocks. Probabilistic estimates based on stochastic event catalogs have been computed and integrated with the simulation of specific earthquake scenarios. Although very few relevant data are available in the region on the economic consequences of past damaging events, the proposed approach sets a benchmark for decision makers and policy holders to better understand the short and long term consequences of earthquakes in the region. The presented results confirm the high level of seismic risk of the Kyrgyz Republic territory, outlining the most affected regions; thus advocating for significant Disaster Risk Reduction (DRR) measures to be implemented by local decision- and policy-makers.

ECONOMIC IMPACT OF CULTURAL TOURISM

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Zrinka Zadel

2013-12-01

Full Text Available The subject of analysis in the paper is economic impact of cultural tourism and identification of the main factors which directly affect cultural tourism revenues. Most countries do not have a statistical system of monitoring and analysing individual factors of cultural tourism such as the number of arrivals of cultural tourists and consumption of cultural tourists. Therefore, it is hard to assess the economic impact of cultural tourism. In cultural tourism, cultural assets are prepared and placed on the tourist market, i.e. cultural resources are transformed into cultural tourism products. The main objective is fulfilling tourists' needs, and achieving positive effects which includes economic effects. Identification of the economic impact of cultural tourism is important because cultural resources have an inestimable value for the local community. Tourism valorisation should be used in order to achieve the necessary maximum effects with minimum negative impacts which tourism may leave on cultural resources. The objective of the paper is to identify the economic contribution of cultural tourism in the Republic of Croatia and to propose a model of identification of economic impact of cultural tourism.

Multi-basin, Multi-sector Drought Economic Impact Model in Python: Development and Applications

Science.gov (United States)

Gutenson, J. L.; Zhu, L.; Ernest, A. N. S.; Oubeidillah, A.; Bearden, B.; Johnson, T. G.

2015-12-01

Drought is one of the most economically disastrous natural hazards, one whose impacts are exacerbated by the lack of abrupt onset and offset that define tornados and hurricanes. In the United States, about 30 billion dollars losses is caused by drought in 2012, resulting in widespread economic impacts for societies, industries, agriculture, and recreation. And in California, the drought cost statewide economic losses about 2.2 billion, with a total loss of 17,100 seasonal and part-time jobs. Driven by a variety of factors including climate change, population growth, increased water demands, alteration to land cover, drought occurs widely all over the world. Drought economic consequence assessment tool are greatly needed to allow decision makers and stakeholders to anticipate and manage effectively. In this study, current drought economic impact modeling methods were reviewed. Most of these models only deal with the impact in the agricultural sector with a focus on a single basin; few of these models analyze long term impact. However, drought impacts are rarely restricted to basin boundaries, and cascading economic impacts are likely to be significant. A holistic approach to multi-basin, multi-sector drought economic impact assessment is needed.In this work, we developed a new model for drought economic impact assessment, Drought Economic Impact Model in Python (PyDEM). This model classified all business establishments into thirteen categories based on NAICS, and using a continuous dynamic social accounting matrix approach, coupled with calculation of the indirect consequences for the local and regional economies and the various resilience. In addition, Environmental Policy Integrated Climate model was combined for analyzing drought caused soil erosion together with agriculture production, and then the long term impacts of drought were achieved. A visible output of this model was presented in GIS. In this presentation, Choctawhatchee-Pea-Yellow River Basins, Alabama

Estimating the economic impact of tourism industry through the MM approach

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SOCCI Claudio

2017-01-01

Full Text Available Tourism is one of the fastest growing industries in Italy and has proven to be a valuable source of economic prosperity. The main issue emerging when measuring the impact of tourism is that tourism is usually considered as a specific industry while in most applied situations it shows traits of a complex and structured economic activity characterized by a blend of different industries. We will identify the relationship among the various industries making up the complex economic activity usually referred as the “tourism industry”. This is done through the application of the multisectoral analysis to the Italian case. The evaluation of tourism in terms of economic policy is performed through the definition of an index of interaction among industries.

Effect of a food waste disposer policy on solid waste and wastewater management with economic implications of environmental externalities.

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Maalouf, Amani; El-Fadel, Mutasem

2017-11-01

In this study, the carbon footprint of introducing a food waste disposer (FWD) policy was examined in the context of its implications on solid waste and wastewater management with economic assessment of environmental externalities emphasizing potential carbon credit and increased sludge generation. For this purpose, a model adopting a life cycle inventory approach was developed to integrate solid waste and wastewater management processes under a single framework and test scenarios for a waste with high organic food content typical of developing economies. For such a waste composition, the results show that a FWD policy can reduce emissions by nearly ∼42% depending on market penetration, fraction of food waste ground, as well as solid waste and wastewater management schemes, including potential energy recovery. In comparison to baseline, equivalent economic gains can reach ∼28% when environmental externalities including sludge management and emissions variations are considered. The sensitivity analyses on processes with a wide range in costs showed an equivalent economic impact thus emphasizing the viability of a FWD policy although the variation in the cost of sludge management exhibited a significant impact on savings. Copyright © 2017 Elsevier Ltd. All rights reserved.

Local economic development policy in Poland: Determinants and outcomes

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Mariusz Wiktor Sienkiewicz

2014-12-01

Full Text Available The purpose of this article is to define nature, basis, and the effects of the economic development policy conducted by local governments in Poland. The analyses carried out are designed to define the role of local authorities in the management of economic development in the area. Furthermore, the purpose of this article is to analyse instruments for supporting economic development, which can be potentially used by local governments in Poland. The realization of this objective is possible by using descriptive methods based on a review of literature and the various types of documents and analysis on the policy of both the economic development and activities of local government, which implement this policy. The method of system analysis is also partially used in the article, and some results of surveys conducted among Polish and foreign investors and entrepreneurs in 2011 are presented. The article assumes that in spite of having a number of instruments, both formal and material, for encouraging economic development and business development, most local governments narrowly assess the current state of entrepreneurship and development trends, and perform an insufficient analysis of the potential of their area. Secondly, the formulated goals of economic development are not very innovative, ambitious or concrete. Furthermore, they do not arise directly from the analysis of the micro and macro-environment that affects the position and development of local government. Key words:

FISCAL AUSTERITY POLICY IMPACT ON WELFARE

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Romina Pržiklas Družeta

2017-04-01

Full Text Available The ongoing global financial and economic crisis has caused a dramatic fall in growth, increased deficit, higher unemployment rates and strong price fluctuations. To achieve a balanced budget and reduce the national debt, the most of the national government have sacrificed the employment - one of the main indicators that reflect societies’ well-being and implemented fiscal austerity policy. The aim of this paper is to contribute to the literature on this topic and assess the short analysis of fiscal consolidation. Despite the ongoing debate and numerous studies no consensus about whether and when austerity is likely to be beneficial has been achieved. Further, there are still open issues to understand the impact of austerity on poverty and welfare because of the difficulty of defining poverty and welfare also. The main conclusion is that the emphasis should be placed on correctly defining austerity methodology in a broader economic and social context.

Schools, Skills and Economic Development: Education Policies, Student Learning and Socioeconomic Outcomes in Developing Countries. Bulletin.

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Glewwe, Paul

This paper reviews recent research on the determinants of educational outcomes and the impact of those outcomes on other socioeconomic phenomena. It investigates the relationship between education and economic growth and development in emerging countries. The paper addresses school policies that are most cost-effective in producing students with…

Economic impact of primary open-angle glaucoma in Australia.

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Dirani, Mohamed; Crowston, Jonathan G; Taylor, Penny S; Moore, Peter T; Rogers, Sophie; Pezzullo, M Lynne; Keeffe, Jill E; Taylor, Hugh R

2011-01-01

Glaucoma is the World's leading cause of irreversible blindness, and poses serious public health and economic concerns.   Review. Published randomized trials and population-based studies since 1985. We report the economic impact of primary open-angle glaucoma and model the effect of changes in detection rates and management strategies. The cost-effectiveness of different interventions to prevent vision loss from primary open-angle glaucoma was measured in terms of financial cost (Australian dollars) and disability-adjusted life years. The prevalence of glaucoma in Australia is expected to increase from 208 000 in 2005 to 379 000 in 2025 because of the aging population. Health system costs over the same time period are estimated to increase from $AU355 million to $AU784 million. Total costs (health system costs, indirect costs and costs of loss of well-being) will increase from $AU1.9 billion to $AU4.3 billion in Australia. Primary open-angle glaucoma poses a significant economic burden, which will increase substantially by 2025. This dynamic model provides a valuable tool for ongoing policy formulation and determining the economic impact of interventions to better prevent visual impairment and blindness from glaucoma. © 2011 The Authors. Clinical and Experimental Ophthalmology © 2011 Royal Australian and New Zealand College of Ophthalmologists.

Economic and policy instrument analyses in support of the scrap tire recycling program in Taiwan.

Science.gov (United States)

Chang, Ni-Bin

2008-02-01

Understanding the cost-effectiveness and the role of economic and policy instruments, such as the combined product tax-recycling subsidy scheme or a tradable permit, for scrap tire recycling has been of crucial importance in a market-oriented environmental management system. Promoting product (tire) stewardship on one hand and improving incentive-based recycling policy on the other hand requires a comprehensive analysis of the interfaces and interactions in the nexus of economic impacts, environmental management, environmental valuation, and cost-benefit analysis. This paper presents an assessment of the interfaces and interactions between the implementation of policy instruments and its associated economic evaluation for sustaining a scrap tire recycling program in Taiwan during the era of the strong economic growth of the late 1990s. It begins with an introduction of the management of the co-evolution between technology metrics of scrap tire recycling and organizational changes for meeting the managerial goals island-wide during the 1990s. The database collected and used for such analysis covers 17 major tire recycling firms and 10 major tire manufacturers at that time. With estimates of scrap tire generation and possible scale of subsidy with respect to differing tire recycling technologies applied, economic analysis eventually leads to identify the associated levels of product tax with respect to various sizes of new tires. It particularly demonstrates a broad perspective of how an integrated econometric and engineering economic analysis can be conducted to assist in implementing policy instruments for scrap tire management. Research findings indicate that different subsidy settings for collection, processing, and end use of scrap tires should be configured to ameliorate the overall managerial effectiveness. Removing the existing boundaries between designated service districts could strengthen the competitiveness of scrap tires recycling industry, helping to

Is Fuel-Switching a No-Regrets Environmental Policy? VAR Evidence on Carbon Dioxide Emissions, Energy Consumption and Economic Performance in Portugal

OpenAIRE

Alfredo M. Pereira; Rui Manuel Marvão Pereira

2009-01-01

The objective of this paper is to estimate the impact of carbon dioxide emissions from fossil fuel combustion activities on economic activity in Portugal in order to evaluate the economic costs of policies designed to reduce carbon dioxide emissions. We find that energy consumption has a significant impact on macroeconomic activity. In fact, a one ton of oil equivalent permanent reduction in aggregate energy consumption reduces output by €6,340 over the long term, an aggregate impact which hi...

The Institutional Component of the Efficient Economic Policy of the State

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Mykytas Viktoriia V

2016-01-01

Full Text Available The article substantiates the necessity of institutional accompanying the economic policy of the State, establishing an efficient system of institutions. Challenges of the contemporary globalization require changes in the State influence on economy, redefining quality parameters and principles of an efficient economic policy. Complexity of the State policy in a global environment is determined not only by importance of the tasks of establishing an efficient market against the background of increasing influences of exogenous uncertainty, but also by seeking ways of entering the global space, thus implementing the best interests of national economic development. The article deduces parameters of the concept of «efficient institution». The author believes that institutions precisely should act as the link through which social and economic development would become unseparated in order to form a stable efficient socio-economic development

The economic impact of state cigarette taxes and smoke-free air policies on convenience stores.

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Huang, Jidong; Chaloupka, Frank J

2013-03-01

To investigate whether increasing state cigarette taxes and/or enacting stronger smoke-free air (SFA) policies have negative impact on convenience store density in a state, a proxy that is determined by store openings and closings, which reflects store profits. State-level business count estimates for convenience stores for 50 states and District of Columbia from 1997 to 2009 were analysed using two-way fixed effects regression techniques that control for state-specific and year-specific determinants of convenience store density. The impact of tax and SFA policies was examined using a quasi-experimental research design that exploits changes in cigarette taxes and SFA policies within a state over time. Taxes are found to be uncorrelated with the density of combined convenience stores and gas stations in a state. Taxes are positively correlated with the density of convenience stores; however, the magnitude of this correlation is small, with a 10% increase in state cigarette taxes associated with a 0.19% (pconvenience stores per million people in a state. State-level SFA policies do not correlate with convenience store density in a state, regardless whether gas stations were included. These results are robust across different model specifications. In addition, they are robust with regard to the inclusion/exclusion of other state-level tobacco control measures and gasoline prices. Contrary to tobacco industry and related organisations' claims, higher cigarette taxes and stronger SFA policies do not negatively affect convenience stores.

AFRICAN JOURNAL OF ECONOMIC REVIEW

African Journals Online (AJOL)

Dr Kazungu

Monetary Policy Shocks and Industrial Output in Nigeria: A Dynamic Effect .... most studies have focused on monetary policy and economic growth, they have paid less ..... Unpublished M.Sc. Thesis, Department of Economics Obafemi Awolowo, Ile- .... “Differential Impacts of Export Expansion on Economic Growth in the.

Review of economic and energy sector implications of adopting global climate change policies

Energy Technology Data Exchange (ETDEWEB)

Novak, M.H.

1997-12-31

This paper summarizes a number of studies examining potential economic impacts of global climate change policies. Implications for the United States as a whole, the U.S. energy sector, the U.S. economy, businesses and consumers, and world economies are considered. Impact assessments are performed of U.S. carbon emissions, carbon taxes, and carbon restrictions by comparing estimates from various organizations. The following conclusions were made from the economic studies: (1) the economic cost of carbon abatement is expensive; (2) the cost of unilateral action is very expensive with little quantifiable evidence that global emissions are reduced; (3) multilateral actions of developed countries are also very expensive, but there is quantifiable evidence of global emissions reductions; and (4) global actions have only been theoretically addressed. Paralleling these findings, the energy analyses show that the U.S. is technologically unprepared to give up fossil fuels. As a result: (1) carbon is not stabilized without a high tax, (2) stabilization of carbon is elusive, (3) technology is the only long-term answer, and (4) targeted programs may be appropriate to force technology development. 8 tabs.

Energy, environment and economics: greenhouse policy in the balance

International Nuclear Information System (INIS)

Wilkenfeld, G.L.

1990-01-01

Taking New South Wales as a case study, this paper reviews the government's major economic and environmental concerns, and analyses how they bear on energy and greenhouse policy options. The government's economic strategy emphasises the continuing importance of primary resources, minerals processing and energy-intensive manufacturing, where the State is perceived to have a competitive advantage because of its extensive coal resources. The implications of these trends for the energy utilities and for greenhouse energy policy are analysed. 22 refs., 1 tab

Low-carbon transition of iron and steel industry in China: carbon intensity, economic growth and policy intervention.

Science.gov (United States)

Yu, Bing; Li, Xiao; Qiao, Yuanbo; Shi, Lei

2015-02-01

As the biggest iron and steel producer in the world and one of the highest CO2 emission sectors, China's iron and steel industry is undergoing a low-carbon transition accompanied by remarkable technological progress and investment adjustment, in response to the macroeconomic climate and policy intervention. Many drivers of the CO2 emissions of the iron and steel industry have been explored, but the relationships between CO2 abatement, investment and technological expenditure, and their connections with the economic growth and governmental policies in China, have not been conjointly and empirically examined. We proposed a concise conceptual model and an econometric model to investigate this crucial question. The results of regression, Granger causality test and impulse response analysis indicated that technological expenditure can significantly reduce CO2 emissions, and that investment expansion showed a negative impact on CO2 emission reduction. It was also argued with empirical evidence that a good economic situation favored CO2 abatement in China's iron and steel industry, while achieving CO2 emission reduction in this industrial sector did not necessarily threaten economic growth. This shed light on the dispute over balancing emission cutting and economic growth. Regarding the policy aspects, the year 2000 was found to be an important turning point for policy evolution and the development of the iron and steel industry in China. The subsequent command and control policies had a significant, positive effect on CO2 abatement. Copyright © 2014. Published by Elsevier B.V.

Economics of international energy security policy

International Nuclear Information System (INIS)

Paik, I.K.

1992-01-01

Because there is no inexpensive substitute for crude oil and petroleum products at the present time, an oil supply disruption inevitably leads to higher oil prices and economic losses. Wealth transfer to oil producing nations, reduced output increased unemployment and inflation. For these reasons, major oil-consuming countries currently have in place various oil emergency response measures to protect themselves from adverse economic consequences of oil supply disruptions: stockpiling emergency oil reserves to augment supplies, if necessary, in an emergency; and lowering oil demand through non-price mechanisms. The main purpose of this paper is to show that while, supply enhancement and demand reduction could have the same effect on oil prices in the event of an oil supply shortfall, they may have significantly different effects on the economies. Section I discusses the principal oil emergency response measures of the members of the International Energy Agency (IEA) -- emergency oil stockpiles and demand restraint -- and their policies for implementing the measures. Section II describes the analytical method used to perform comparative economic analysis of releasing emergency stocks and restraining demand in an oil emergency. Section III presents quantitative results of the analysis, and Section IV, conclusions of the analytical results and their energy security policy implications

Economic theory and climate change policy

International Nuclear Information System (INIS)

Peters, I.; Ackerman, F.

1999-01-01

Our willingness to embrace climate change policies depends on our perception of their benefits and costs. Evaluation of these costs and benefits requires careful economic analysis. Yet the standard tools for such assessment - computable general equilibrium (CGE) models - are inadequate on several grounds. Their underlying theory suffers from well-known logical difficulties; in general, their equilibria may be neither unique, stable, nor efficient. Moreover, real-world phenomena such as increasing returns to scale, learning, and technological innovation are neglected in CGE models. These phenomena make the resulting equilibria in the models inefficient; in the real world they can lock society into sub-optimal technology choices. They introduce uncertainty and path-dependence, annihilating the concept of a single efficient allocation produced by the unfettered market. Yet conventional economics assesses the cost of policies solely on the basis of their departure from a purportedly efficient equilibrium - ignoring deeper structural changes that are often decisive in practice. New socioeconomic theories and models are emerging that allow for bounded rationality, the limiting and enabling character of institutions, technological change, and the complexities and uncertainties in economic evolution. Meanwhile, existing models should be modified to better reflect real-world phenomena and to abandon unfounded assumptions about the inherent ''inefficiencies'' of government intervention in the market. (author)

The impact of the economic crisis and policy actions on GHG emissions from road transport in Spain

International Nuclear Information System (INIS)

Sobrino, Natalia; Monzon, Andres

2014-01-01

Road traffic is the greatest contributor to the carbon footprint of the transport sector and reducing it has become one of the main targets of sustainable transport policies. An analysis of the main factors influencing greenhouse gas (GHG) emissions is essential for designing new energy- and environmentally efficient strategies for the road transport. This paper addresses this need by (i) identifying factors which influence the carbon footprint, including traffic activity, fuel economy and socioeconomic development; and (ii) proposing a methodological framework which uses Modified Laspeyres Index decomposition to analyze the effect of important drivers on the changes in emissions of road transport in Spain during the period from 1990 to 2010. The results demonstrate that the country's economic growth has been closely linked to the rise in GHG emissions. The innovative contribution of this paper is the special analysis of the changes in mobility patterns and GHG emissions during the economic crisis, when, for the first time, Spanish road traffic emissions decreased. The reduction of road transport and improved energy efficiency has been powerful contributors to this decrease, demonstrating the effectiveness of energy-saving measures. On the basis of this analysis, several tailored policy recommendations have been suggested for future implementation. - Highlights: • Drivers contributing to GHG emissions of road transport are identified and analyzed. • Decomposition analysis based on Modified Laspeyres Index (MLI) is applied to the Spanish case. • Economic crisis and changes in mobility patterns and GHG emissions are analyzed. • Policies for the decarbonization of road transport are recommended

Economics of climate policy and collective decision making

International Nuclear Information System (INIS)

Buergenmeier, B.; Ferrier, C.; Ingold, K.; Perret, S.; Baranzini, A.; Germond-Duret, C.; Kypreos, S.; Wokaun, A.; Rafaj, P.

2006-01-01

This paper explores the reasons why economic instruments of climate change are reluctantly applied and stresses the need for interdisciplinary research linking economic theory and empirical testing to deliberative political procedures. It is divided in three parts. The first one recalls the main issues in implementing Cost-Benefit Analysis such as information problems, uncertainties, discounting the future and irreversibilities. The second part shows how these issues can be treated in integrated assessment and techno-economic models and presents a case study, which shows that (1) The chosen scenario tends to stabilize atmospheric CO2 concentration at around 550 ppm in the long run; (2) Exclusion of possibility to trade CO2 emission permits under a cap regime would increase the cost of emission abatement for OECD countries; and (3) Combining different flexibility instruments might lead to significant gains in the overall cost of climate policy. The third part presents results of a survey conducted among the main economic and environmental associations in Switzerland. The survey reveals conflicting views on economic instruments. It shows how the social acceptability of these instruments can be improved in taking explicitly into account these opposing views of special interest groups. Therefore, policy scenarios should be selected in combining techno-economic models with empirical studies about their political and normative context

Economic Impacts of Non-Native Forest Insects in the Continental United States

Science.gov (United States)

Juliann E. Aukema; Brian. Leung; Kent Kovacs; Corey Chivers; Jeffrey Englin; Susan J. Frankel; Robert G. Haight; Thomas P. Holmes; Andrew M. Liebhold; Deborah G. McCullough; Betsy. Von Holle

2011-01-01

Reliable estimates of the impacts and costs of biological invasions are critical to developing credible management, trade and regulatory policies. Worldwide, forests and urban trees provide important ecosystem services as well as economic and social benefits, but are threatened by non-native insects. More than 450 non-native forest insects are established in the United...

Global health and economic impacts of future ozone pollution

International Nuclear Information System (INIS)

Selin, N E; Nam, K M; Reilly, J M; Paltsev, S; Prinn, R G; Webster, M D; Wu, S

2009-01-01

We assess the human health and economic impacts of projected 2000-2050 changes in ozone pollution using the MIT Emissions Prediction and Policy Analysis - Health Effects (EPPA-HE) model, in combination with results from the GEOS-Chem global tropospheric chemistry model of climate and chemistry effects of projected future emissions. We use EPPA-HE to assess the human health damages (including mortality and morbidity) caused by ozone pollution, and quantify their economic impacts in sixteen world regions. We compare the costs of ozone pollution under scenarios with 2000 and 2050 ozone precursor and greenhouse gas emissions (using the Intergovernmental Panel on Climate Change (IPCC) Special Report on Emissions Scenarios (SRES) A1B scenario). We estimate that health costs due to global ozone pollution above pre-industrial levels by 2050 will be $580 billion (year 2000$) and that mortalities from acute exposure will exceed 2 million. We find that previous methodologies underestimate costs of air pollution by more than a third because they do not take into account the long-term, compounding effects of health costs. The economic effects of emissions changes far exceed the influence of climate alone.

The impact of fiscal policy on economic growth in Namibia

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E Kaakunga

2014-07-01

Full Text Available The purpose of this study was to shed light on the impact of fiscal policy on growth.  Governments undertake expenditures to pursue a variety of goals, only one of which may be an increase in per capita income.  Using the framework of endogenous growth models which seeks to explain sustained long term growth, we showed how a change in the mix of public spending in favour of productive activities could lead to a steady state growth rate.  The explanatory variables, which affect growth positively, include capital expenditure, tax revenue and the terms of trade.  The share of private consumption in GDP, fiscal deficit, the share of total public debt in GDP and current expenditure relates negatively to the growth rate of output.

Forest economics and policy in a changing environment: how market, policy, and climate transformations affect forests -- Proceedings of the 2016 Meeting of the International Society of Forest Resource Economics

Science.gov (United States)

Gregory E. Frey; Prakash Nepal

2016-01-01

Economics can affect decisions about forest resource management and utilization, and in turn, the ecosystem benefits received. In a time of market, policy, and climate transformations, economic analyses are critical to help policy-makers and resource managers make appropriate decisions. At the 2016 Meeting of the International Society of Forest Resource Economics (...

The economic impact of pilgrimage: An economic impact analysis of pilgrimage expenditures in Galicia

NARCIS (Netherlands)

Graave, Elisabeth J.E.; Klijs, J.; Heijman, W.J.M.

2017-01-01

In this article, we calculate the economic impact of pilgrimage to Santiago de Compostela in the NUTS 2 region Galicia (Spain) in 2010. This economic impact is relevant to policymakers and other stakeholders dealing with religious tourism in Galicia. The analysis is based on the Input-Output model.

76 FR 17180 - Advisory Committee on International Economic Policy; Notice of Committee Renewal

Science.gov (United States)

2011-03-28

... provides information and advice on the effective integration of economic interests into overall foreign... DEPARTMENT OF STATE [Public Notice 7327] Advisory Committee on International Economic Policy... Charter of the Advisory Committee on International Economic Policy. The Committee serves in a solely...

Developmental State Policy, Educational Development, and Economic Development: Policy Processes in South Korea (1961-1979)

Science.gov (United States)

Kim, Ki Su

2012-01-01

This paper explores two inter-connected issues--the state's role in educational development and educational contribution to economic development--in the policy processes entailed by the South Korean state's pursuit of economic development during the Park Chung Hi era, 1961-1979. It disputes the statist view that South Korea's economic development…

The use of economic forecasts in Danish economic policy, with special emphasis on energy and the environment

International Nuclear Information System (INIS)

Nielsen, Lise

1998-01-01

This article discusses the use of economic forecasts in Danish economic policy, with special emphasis on energy and the environment. Two different approaches have been used to forecast energy consumption and its effects on environment in Denmark and other countries. These are the macro economic and the technical approaches. The technical approach is based on technical expertise related to energy production and energy consumption, and the article asks whether the forecasts produced by this approach are superior to macro economic forecasts of energy consumption. This question is interesting because the implications for policy resulting from the two approaches seem to be different. The analysis may have relevance to other areas outside the main economic field. (au) 22 refs

Pharmaceutical interventions for mitigating an influenza pandemic: modeling the risks and health-economic impacts.

Science.gov (United States)

Postma, Maarten J; Milne, George; Nelson, E Anthony S; Pyenson, Bruce; Basili, Marcello; Coker, Richard; Oxford, John; Garrison, Louis P

2010-12-01

Model-based analyses built on burden-of-disease and cost-effectiveness theory predict that pharmaceutical interventions may efficiently mitigate both the epidemiologic and economic impact of an influenza pandemic. Pharmaceutical interventions typically encompass the application of (pre)pandemic influenza vaccines, other vaccines (notably pneumococcal), antiviral treatments and other drug treatment (e.g., antibiotics to target potential complications of influenza). However, these models may be too limited to capture the full macro-economic impact of pandemic influenza. The aim of this article is to summarize current health-economic modeling approaches to recognize the strengths and weaknesses of these approaches, and to compare these with more recently proposed alternative methods. We conclude that it is useful, particularly for policy and planning purposes, to extend modeling concepts through the application of alternative approaches, including insurers' risk theories, human capital approaches and sectoral and full macro-economic modeling. This article builds on a roundtable meeting of the Pandemic Influenza Economic Impact Group that was held in Boston, MA, USA, in December 2008.

EU COHESION POLICY NEEDS DIFFERENTIATED POLICY MIX ADEQUATE TO SPECIFICS OF ECONOMIC REGIONS

Directory of Open Access Journals (Sweden)

Gheorghe ZAMAN

2008-06-01

Full Text Available The 2007-2013 programming period of the EU focuses on economic and social cohesion via three fundamental objectives: convergence – competitiveness and employment – European territorial co-operation. The horizontal dimension of cohesion policy refers to diminishing the regional disparities and solidarity with the lagging regions’ population. Considering the big regional disparities in the New Member States (NMS as well as the gap between their GDP per capita at national level and the EU average, these countries are the main beneficiary of the EU financial allocations, especially via convergence objective. However, two interrelated questions are entailed by this issue. One of them refers to the capacity of these countries to absorb effectively the EU funds. The other one concentrates on the impact of the absorbed EU funds, in other words to the qualitative aspects of the absorption capacity. Our paper discusses these aspects mainly from the viewpoint of regional disparities in the NMS, proposing a typology of their regions based on the main regional growth characteristics. The implications of the structural assistance on regional disparities are also addressed, taking into consideration economic and social criteria and requirements at EU, national, regional and local levels.

Economic impact of cultural events

Directory of Open Access Journals (Sweden)

M Saayman

2004-11-01

Full Text Available The phenomenon of events can hardly be described as a new one.  The aim of this paper is to determine the economic benefits of three major cultural events in South Africa to the host community.  Measuring the economic impact normally entails some estimation of the cash injection into a region by visitors and applying the relevant multiplier to arrive at a monetary estimate of the economic impact.  But few regions or municipal areas have detailed economic data to construct a type of input-output model and derive a multiplier.  The purpose of the methods used in this research were firstly to determine the estimated cash injection, secondly to estimate the size of leakages in the local economy and thirdly to derive an appropriate multiplier to estimate the economic impact of the event.

Iran's Economic Conditions: U.S. Policy Issues

National Research Council Canada - National Science Library

Ilias, Shayerah

2009-01-01

.... To the extent that U.S. sanctions and other efforts to change Iranian state policy target aspects of Iran's economy as a means of influence, it is important to evaluate Iran's economic structure, strengths, and vulnerabilities...

Impacts of the Fukushima Daiichi Accident on Nuclear Development Policies

International Nuclear Information System (INIS)

Vance, Robert; Henderson, David; ); Moore, Laurie

2017-01-01

The Fukushima Daiichi nuclear power plant accident has had an impact on the development of nuclear power around the world. While the accident was followed by thorough technical assessments of the safety of all operating nuclear power plants, and a general increase in safety requirements has been observed worldwide, national policy responses have been more varied. These responses have ranged from countries phasing out or accelerating decisions to phase out nuclear energy to countries reducing their reliance on nuclear power or on the contrary continuing to pursue or expand their nuclear power programs. This study examines changes to policies, and plans and attempts to distinguish the impact of the Fukushima Daiichi accident from other factors that have affected policy-making in relation to nuclear energy, in particular electricity market economics, financing challenges and competition from other sources (gas, coal and renewables). It also examines changes over time to long-term, quantitative country projections, which reveal interesting trends on the possible role of nuclear energy in future energy systems. (authors)

Economic Drought Impact on Agriculture: analysis of all agricultural sectors affected

Science.gov (United States)

Gil, M.; Garrido, A.; Hernández-Mora, N.

2012-04-01

The analysis of drought impacts is essential to define efficient and sustainable management and mitigation. In this paper we present a detailed analysis of the impacts of the 2004-2008 drought in the agricultural sector in the Ebro river basin (Spain). An econometric model is applied in order to determine the magnitude of the economic loss attributable to water scarcity. Both the direct impacts of drought on agricultural productivity and the indirect impacts of drought on agricultural employment and agroindustry in the Ebro basin are evaluated. The econometric model measures losses in the economic value of irrigated and rainfed agricultural production, of agricultural employment and of Gross Value Added both from the agricultural sector and the agro-industrial sector. The explanatory variables include an index of water availability (reservoir storage levels for irrigated agriculture and accumulated rainfall for rainfed agriculture), a price index representative of the mix of crops grown in each region, and a time variable. The model allows for differentiating the impacts due to water scarcity from other sources of economic losses. Results show how the impacts diminish as we approach the macro-economic indicators from those directly dependent on water abstractions and precipitation. Sectors directly dependent on water are the most affected with identifiable economic losses resulting from the lack of water. From the management perspective implications of these findings are key to develop mitigation measures to reduce drought risk exposure. These results suggest that more open agricultural markets, and wider and more flexible procurement strategies of the agro-industry reduces the socio-economic exposure to drought cycles. This paper presents the results of research conducted under PREEMPT project (Policy relevant assessment of the socioeconomic effects of droughts and floods, ECHO - grant agreement # 070401/2010/579119/SUB/C4), which constitutes an effort to provide

Global climate change policies. An analysis of CDM policies with an adapted GTAP model

International Nuclear Information System (INIS)

Wang, Shunli

2004-01-01

In the context of the relationships between spatial-economic interaction and global warming just discussed, this study aims to analyze the Clean Development Mechanisms (CDM) policies from an economic point of view. The research question of this study is formulated as follows: What will be the impacts of clirnate change policies, in particular CDM policies, on the economic performance of (groups of) countries in our global economic system, taking spatial interaction and general equilibrium effects into account? The purpose of addressing the issue of economic performance for (groups of) countries in the economic system is not just to identify winners and losers from international treaties. Rather, winning or losing may even determine the implementation and willingness of individual countries to participate in international environmental treaties, as illustrated by the recent withdrawal of the US from the Kyoto Protocol. By analyzing the economic impacts of an international environmental treaty for individual (groups of) countries, the framework that will be used to analyze this research question may be useful to determine the attractiveness of some global environmental policies, both for the world as a whole and for individual (groups of) countries. The research question will be answered by dividing it into six subquestions: (1) What is the position of CDM policies in the broad context of climate policy regimes?; (2) How should the relationship between human behavior and the physical environment be ideally modeled from an economic perspective? (3) How should the spatial dimension be incorporated in this framework of interaction between the economic and ecological system?; (4) How can climate change issues be incorporated in general equilibrium models in general, and in GTAP-E (extension of the Global Trade Analysis Project) in particular?; (5) How can CDM policies be implemented in the GTAP-E model?; and (6) What are the impacts of these climate change policies on

Botswana Journal of Economics: Editorial Policies

African Journals Online (AJOL)

It is open to all researchers in the field of economics. Non-members as well as members of the ... Open Access Policy. This journal provides immediate open access to its content on the principle that making research freely available to the public supports a greater global exchange of knowledge. ISSN: 1810-0163.

Impact of single versus multiple policy options on the economic feasibility of biogas energy production: Swine and dairy operations in Nova Scotia

International Nuclear Information System (INIS)

Brown, Bettina B.; Yiridoe, Emmanuel K.; Gordon, Robert

2007-01-01

The economic feasibility of on-farm biogas energy production was investigated for swine and dairy operations under Nova Scotia, Canada farming conditions, using net present value (NPV), internal rate of return (IRR), and payback period (PP) economic decision criteria. In addition, the effects of selected environmental and 'green' energy policy schemes on co-generation of on-farm biogas energy production and other co-benefits from anaerobic digestion of livestock manure were investigated. Cost-efficiencies arising from economies of scale for on-farm anaerobic biogas production were found for swine farms, and less so for dairy production systems. Without incentive schemes, on-farm biogas energy production was not economically feasible across the farm size ranges studied, except for 600- and 800-sow operations. Among single policy schemes investigated, green energy credit policy schemes generated the highest financial returns, compared to cost-share and low-interest loan schemes. Combinations of multiple policies that included cost-share and green energy credit incentive schemes generated the most improvement in financial feasibility of on-farm biogas energy production, for both swine and dairy operations

Assessing groundwater policy with coupled economic-groundwater hydrologic modeling

Science.gov (United States)

Mulligan, Kevin B.; Brown, Casey; Yang, Yi-Chen E.; Ahlfeld, David P.

2014-03-01

This study explores groundwater management policies and the effect of modeling assumptions on the projected performance of those policies. The study compares an optimal economic allocation for groundwater use subject to streamflow constraints, achieved by a central planner with perfect foresight, with a uniform tax on groundwater use and a uniform quota on groundwater use. The policies are compared with two modeling approaches, the Optimal Control Model (OCM) and the Multi-Agent System Simulation (MASS). The economic decision models are coupled with a physically based representation of the aquifer using a calibrated MODFLOW groundwater model. The results indicate that uniformly applied policies perform poorly when simulated with more realistic, heterogeneous, myopic, and self-interested agents. In particular, the effects of the physical heterogeneity of the basin and the agents undercut the perceived benefits of policy instruments assessed with simple, single-cell groundwater modeling. This study demonstrates the results of coupling realistic hydrogeology and human behavior models to assess groundwater management policies. The Republican River Basin, which overlies a portion of the Ogallala aquifer in the High Plains of the United States, is used as a case study for this analysis.

Impact of oil prices, economic diversification policies and energy conservation programs on the electricity and water demands in Kuwait

International Nuclear Information System (INIS)

Wood, Michael; Alsayegh, Osamah A.

2014-01-01

This paper describes the influences of oil revenue and government's policies toward economic developments and energy efficiency on the electricity and water demands. A Kuwait-specific electricity and water demand model was developed based on historic data of oil income, gross domestic product (GDP), population and electric load and water demand over the past twelve years (1998–2010). Moreover, the model took into account the future mega projects, annual new connected loads and expected application of energy conservation programs. It was run under six circumstances representing the combinations of three oil income scenarios and two government action policies toward economic diversification and energy conservation. The first government policy is the status quo with respect to economic diversification and applying energy conservation programs. The second policy scenario is the proactive strategy of raising the production of the non-oil sector revenue and enforcing legislations toward energy demand side management and conservation. In the upcoming 20 years, the average rates of change of the electric load and water demand increase are 0.13 GW and 3.0 MIGD, respectively, per US dollar oil price increase. Moreover, through proactive policy, the rates of average load and water demand decrease are 0.13 GW and 2.9 MIGD per year, respectively. - Highlights: • Kuwait-specific electricity and water demand model is presented. • Strong association between oil income and electricity and water demands. • Rate of change of electric load per US dollar oil price change is 0.13 GW. • Rate of change of water demand per US dollar oil price change is 3.0 MIGD. • By 2030, efficiency lowers electric load and water demand by 10 and 6%, respectively

Avian and pandemic human influenza policy in South-East Asia: the interface between economic and public health imperatives.

Science.gov (United States)

Pongcharoensuk, Petcharat; Adisasmito, Wiku; Sat, Le Minh; Silkavute, Pornpit; Muchlisoh, Lilis; Cong Hoat, Pham; Coker, Richard

2012-08-01

The aim of this study was to analyse the contemporary policies regarding avian and human pandemic influenza control in three South-East Asia countries: Thailand, Indonesia and Vietnam. An analysis of poultry vaccination policy was used to explore the broader policy of influenza A H5N1 control in the region. The policy of antiviral stockpiling with oseltamivir, a scarce regional resource, was used to explore human pandemic influenza preparedness policy. Several policy analysis theories were applied to analyse the debate on the use of vaccination for poultry and stockpiling of antiviral drugs in each country case study. We conducted a comparative analysis across emergent themes. The study found that whilst Indonesia and Vietnam introduced poultry vaccination programmes, Thailand rejected this policy approach. By contrast, all three countries adopted similar strategic policies for antiviral stockpiling in preparation. In relation to highly pathogenic avian influenza, economic imperatives are of critical importance. Whilst Thailand's poultry industry is large and principally an export economy, Vietnam's and Indonesia's are for domestic consumption. The introduction of a poultry vaccination policy in Thailand would have threatened its potential to trade and had a major impact on its economy. Powerful domestic stakeholders in Vietnam and Indonesia, by contrast, were concerned less about international trade and more about maintaining a healthy domestic poultry population. Evidence on vaccination was drawn upon differently depending upon strategic economic positioning either to support or oppose the policy. With influenza A H5N1 endemic in some countries of the region, these policy differences raise questions around regional coherence of policies and the pursuit of an agreed overarching goal, be that eradication or mitigation. Moreover, whilst economic imperatives have been critically important in guiding policy formulation in the agriculture sector, questions arise

Evaluation the potential economic impacts of Taiwanese biomass energy production

International Nuclear Information System (INIS)

Chen, Chi-Chung; McCarl, Bruce; Chang, Ching-Cheng; Tso, Chunto

2011-01-01

The Taiwanese rice paddy land set-aside program diverts a substantial land area. Given today's high energy prices and interests in energy security, that set-aside area could be converted to produce bioenergy feedstocks. This study evaluates the economic and environmental impacts of such a policy change using a Taiwanese agricultural sector model. The results show that such a strategy provides increased farm revenue, increased rural employment, increased energy sufficiency and reduced greenhouse gas emissions but also increased government expenditures. These outcomes indicate that the agricultural sector could play a positive role by producing renewable energy. -- Highlights: → This paper evaluates the economic and environmental impacts of converting set-aside area to produce bioenergy feedstocks. → Taiwanese agricultural sector model is built and applied to evaluate such impacts. → The empirical results show that producing bioenergy using set-aside area could provide increased farm revenue, increased rural employment, increased energy sufficiency and reduced greenhouse gas emissions but also increased government expenditures. → Agricultural sector in Taiwan could play a positive role by producing renewable energy.

Joint determinants of fiscal policy, income inequality and economic growth

OpenAIRE

Leonel Muinelo-Gallo; Oriol Roca-Sagalés

2012-01-01

This paper analyses the relationship between income inequality and economic growth through fiscal policy. To this end, we present and estimate two systems of structural equiation with error components through which gross income inequality determines different fiscal policy outcomes, which subsequently affects the evolution of economic growth and net income inequality. The empirical results, obtained using an unbalanced panel data of 21 high-income OCDE countries during the period 1972-2006, s...

Technocracy in Economic Policy-Making in Malaysia

OpenAIRE

Khadijah Md Khalid; Mahani Zainal Abidin

2014-01-01

This article looks at the role of the technocracy in economic policy-making in Malaysia. The analysis was conducted across two phases, namely the period before and after the 1997-98 economic and financial crises, and during the premiership of four prime ministers namely Tun Razak, Dr Mahathir, Abdullah Ahmad Badawi, and Najib Razak. It is claimed that the technocrats played an important role in helping the political leadership achieve their objectives. The article traces the changing fortunes...

Assessing the Impact of Land Use Policy on Urban-Rural Sustainability Using the FoPIA Approach in Yogyakarta, Indonesia

Directory of Open Access Journals (Sweden)

Junun Sartohadi

2010-07-01

Full Text Available This paper presents the results of a sustainability impact assessment (SIA of policy induced land use changes in Yogyakarta, Indonesia. The regional problems include rapid expansions of urban areas, due to high population pressure, and the conversion of paddy fields and forests into settlements. The objective of this study was to assess the impacts of two land use policies on social, economic, and environmental Land Use Functions (LUFs in Yogyakarta. The following scenarios were developed for the SIA: a forest protection scenario (S1, a paddy field conservation scenario (S2, and a counterfactual (no policy scenario of ‘Business As Usual’ (BAU. The Framework for Participatory Impact Assessment (FoPIA was applied to conduct an expert-based impact assessment. For the specification of the regional sustainability context, a set of nine key LUFs and associated indicators were developed, including three social, three economic, and three environmental sustainability criteria. The resulting scenario impacts of the assessment differed considerably, with positive impacts of the S1 and S2 scenarios on seven of nine LUFs, and negative impacts of the BAU scenario on six LUFs. The perception of the FoPIA method by the regional stakeholders was positive. We conclude that this method contributes toward an enhanced regional understanding of policy effects and sustainability, particularly in data-poor environments.

A review of the economic impact of mental illness.

Science.gov (United States)

Doran, Christopher M; Kinchin, Irina

2017-11-13

Objective To examine the impact and cost associated with mental illness. Methods A rapid review of the literature from Australia, New Zealand, UK and Canada was undertaken. The review included literature pertaining to the cost-of-illness and impact of mental illness as well as any modelling studies. Included studies were categorised according to impact on education, labour force engagement, earlier retirement or welfare dependency. The well-accepted Drummond 10-point economic appraisal checklist was used to assess the quality of the studies. Results A total of 45 methodologically diverse studies were included. The studies highlight the significant burden mental illness places on all facets of society, including individuals, families, workplaces and the wider economy. Mental illness results in a greater chance of leaving school early, a lower probability of gaining full-time employment and a reduced quality of life. Research from Canada suggests that the total economic costs associated with mental illness will increase six-fold over the next 30 years with costs likely to exceed A$2.8 trillion (based on 2015 Australian dollars). Conclusions Mental illness is associated with a high economic burden. Further research is required to develop a better understanding of the trajectory and burden of mental illness so that resources can be directed towards cost-effective interventions. What is known about the topic? Although mental illness continues to be one of the leading contributors to the burden of disease, there is limited information on the economic impact that mental illness imposes on individuals, families, workplaces and the wider economy. What does this paper add? This review provides a summary of the economic impact and cost of mental illness. The included literature highlights the significant burden mental illness places on individuals, families, workplaces, society and the economy in general. The review identified several areas for improvement. For example, only

Macroeconomic policies and economic democracy in neoliberal Brazil

Directory of Open Access Journals (Sweden)

Daniel Bin

2015-12-01

Full Text Available Abstract The objective of this paper is to investigate some of the forms of conduct of macroeconomic policies related to a substantive concept of democracy, characterized by popular participation - direct or through representatives - in decisions that unevenly affect the material well-being of the entire Brazilian population. Special attention is given to decisions about the country's public indebtedness in the years following the launching of the RealPlan. Empirical evidences show a limited democracy, revealed by the material inequality, which in turn reproduces political inequality and restricts real freedom. This is combined with the selective bureaucratic insulation of economic policy decisions, and the parliament's failure to deal with the macroeconomic agenda. The latter is thus left to the control of the executive branch's economic apparatus, which on one hand submits itself to substantial political influence from finance and, on the other hand, restricts popular participation in decisions on both fiscal and monetary policies.

An economic policy for the fifth long wave

Directory of Open Access Journals (Sweden)

Angelo Reati

2004-12-01

Full Text Available The paper starts by reviewing some recent contributions on long waves, arguing that the present technological revolution in ICT is part of the broad phenomenon of a newlong wave. It follows that the main focus of economic policy should be to support the diffusion of the new technology and to favour the institutional changes required by such an objective. Four broad guidelines are suggested: i a Keynesian policy for demand going beyond the straitjacket of the Maastricht criteria and improving the income distribution in favour of employees; i a policy to re-establish the primacy of productive capital through systematic concerted open market operations to regulate financial liquidity; iii a reconstruction of the employment relationship that preserves the essential features of the "European social model" and a targeted flexibility of labour, that contrasts with the neoclassical all-out market flexibility; and iv a regime for intellectual property rights that avoids the drawbacks--both ethical and economic--of current US practices.

Georgia Economic Report, October 2013 : Seeking Effective Policies

OpenAIRE

World Bank

2013-01-01

This economic report records the economic activities of Georgia for the year 2013. The growth slow-down in 2013, largely viewed as temporary, reflected to a large extent policy uncertainty that began with the late-2012 parliamentary elections and is expected to last until the October 2013 Presidential elections, and attempts by the new government to trim public investment spending. In the ...

Economic development, climate and values: making policy

OpenAIRE

Stern, Nicholas

2015-01-01

The two defining challenges of this century are overcoming poverty and managing the risks of climate change. Over the past 10 years, we have learned much about how to tackle them together from ideas on economic development and public policy. My own work in these areas over four decades as an academic and as a policy adviser in universities and international financial institutions has focused on how the investment environment and the empowerment of people can change lives and livelihoods. The ...

Socio-economic impacts of low-carbon power generation portfolios: Strategies with and without CCS for the Netherlands

International Nuclear Information System (INIS)

Koelbl, Barbara S.; Broek, Machteld A. van den; Wilting, Harry C.; Sanders, Mark W.J.L.; Bulavskaya, Tatyana; Wood, Richard; Faaij, André P.C.; Vuuren, Detlef P. van

2016-01-01

Highlights: • We compare GHG mitigation policy including or excluding CCS on socio-economic impacts for the Netherlands. • We simulate these policy options in a global multiregional Input-Output Model with detailed bottom-up technology data. • Economy-wide differentials between these mitigation policies are small for Employment, GDP and Imports. • Notable impacts are found for the energy sector and some upstream sectors (natural gas, construction). • This pattern shows to base a choice on macroeconomic impacts is hard and it will affect strong and vested interests. - Abstract: Carbon Capture and Storage (CCS) could be an interesting option to mitigate greenhouse gas emissions in the Netherlands. This study compares a mitigation strategy for the Dutch power sector that includes CCS to one without on several socio-economic indicators. In particular, we calculate incremental gross value added (GVA), employment and import dependency impacts of two such low-carbon power production portfolios for the Netherlands. We combine technology specific techno-economic bottom-up data with a macro-economic multi-regional Input-Output-Table containing high sectoral detail. For the total economy, we find the differences between these scenarios to be small. Still, gross value added, and employment are lower under the CCS-inclusive strategy, while import dependency is higher. For the power sector, the differences between the scenarios are, however, considerable. Furthermore, our analysis shows that also for other sectors the differences between the scenarios could be large. For instance, a CCS-exclusive strategy leads to considerably higher GVA and employment in domestic construction services, while the CCS-inclusive strategy comes with considerably higher GVA and employment for natural gas mining and related upstream sectors.

Correlation between Government and Economic Growth –Fiscal Policy during the Transition in Albania

OpenAIRE

MSc. Xhenet Syka; Dr.Sc. Ilir Kaduku

2013-01-01

In this paper we tried to analyze some aspects of fiscal policy in our country, without pretending to give our own sample. Fiscal policy is the use of government expenditures and taxes which affect economic activity. Determination of fiscal policy in a given year takes into account the time virtually the past (current socio-economic status) and the implications for the future (fiscal sustainability). In general the cases dealt the role fiscal policy plays toward economic growth. The analy...

Customs unions, currency crises, and monetary policy coordination: The case of the Eurasian Economic Union

Directory of Open Access Journals (Sweden)

Evgeny Vinokurov

2017-09-01

Full Text Available After achieving substantial progress in establishing a common customs territory and regulations, customs unions face potential disruptions due to a lack of monetary policy coordination. These disruptions might appear in the form of currency shocks and the ensuing trade conflicts. We approach this issue by looking at the case of the Eurasian Economic Union (EAEU. The volatility of national currencies in 2014–2015 resulted in sizable shifts in competitiveness, culminating in a currency crisis in some member states. This raises the questions of how to gradually achieve a more coordinated monetary policy, what monetary policy options are available, and what would be their relative impact on macroeconomic stability. Using a set of modeling tools and econometric models, we review three monetary regimes, which represent moves from fully independent exchange rate policy through increased policy coordination to joint exchange rate setting.

Testimony before the US-China Economic Security Review Commission: China's Agriculture Policy and US Access to China's Market

OpenAIRE

Dermot J. Hayes

2013-01-01

Testimony before the US-China Economic and Security Review Commission on April 25, 2013, by Dermot Hayes, professor of Economics and Finance, Iowa State University. Testimony covers impacts on food demand from China's rising incomes and urbanization; the viability of China's attempt to remain self-sufficient in meat and key staple crop production under inherent supply constraints, and the possible technological- and policy-based measures they may pursue in regard of such constraints; and, the...

Regional sustainability in Northern Australia. A quantitative assessment of social, economic and environmental impacts

International Nuclear Information System (INIS)

Wood, Richard; Garnett, Stephen

2010-01-01

This paper seeks to provide a picture of sustainability of the Northern Territory by analysing a number of sustainability indicators across indigenous status and remoteness class. The paper seeks to extend current socio-economic statistics and analysis by including environmental considerations in a 'triple bottom line' or 'sustainability assessment' approach. Further, a life-cycle approach is employed for a number of indicators so that both direct and indirect impacts are considered where applicable. Whereas urban populations are generally doing better against most quantitative economic and social indicators, environmental indicators show the opposite, reflecting the increasing market-based environmental impacts of urban populations. As we seek to value these environmental impacts appropriately, it would be beneficial to start incorporating these results in policy and planning. (author)

Public procurement, governance and economic growth: some policy ...

African Journals Online (AJOL)

Public procurement, governance and economic growth: some policy ... Employing the Keynesian income-expenditure approach to measuring the Gross Domestic ... reduce wastage, enhance the effectiveness of government spending, ensure ...

Impact of employment instability on socio-economic position of employees

Directory of Open Access Journals (Sweden)

Vyacheslav Nikolaevich Bobkov

2013-12-01

Full Text Available The subject of the article is the relationships in labor utilization. The article analyzes the impact of employment instability on the socio-economic situation of employees in Russia. Questions revealing the concept content of employment instability, its real forms and socio-economic consequences for employees are considered. Methods of statistical and sociological data analysis are applied. Indicators to measure the scope and level of employment instability of employees are calculated. The dynamics in the time of the size of employment instability in Russia are analyzed. The obtained results can be applied within national economic and social policy. The findings indicate that employment instability is high, and it threatens socio-economic position of the great number of employees in Russia. It is argued that, in these conditions, the most appropriate in the fight against the spread of employment instability are the set of government initiatives, proactive position of the Russian society and the expansion of societal forms of control over the government.

The Depreciation Impact of the Profit and Activity Development Carried out by an Economic Operator

OpenAIRE

Dobrota, Gabriela; Chirculescu, Felicia Maria

2008-01-01

It's interesting how an economic operator decides to depreciate its depreciable fixed assets, because depreciation is an expense input from the taxable profit in accordance with the laws in force, thus contributing to diminishing the operating profit/loss and implicitly the gross and net earnings, without real impact on profitability and especially without any impact on the self-funding capacity. But the impact given by the depreciation expenses may be influenced by the organization policy...

Evaluating the Effects of Vocational Training in Africa (based on the "African Economic Outlook 2008"), OECD Development Centre Policy Insights, No. 61

Science.gov (United States)

Kingombe, Christian

2008-01-01

The impact of vocational training on economic growth and poverty reduction in African countries is unknown. Without such knowledge, however, countries and donors cannot formulate appropriate policies. Even the 35 countries surveyed in the 2008 "African Economic Outlook" can only supply approximate data. More and better data are needed to…

Processes of globalization, economic policy and the role of state in raw materials and energy complex

Directory of Open Access Journals (Sweden)

Vladimír Vodzinský

2009-09-01

Full Text Available Authors dedicate this article to impacts of constrains in paradigm of potentials forming our society.As entire societies are assembled in certain pattern, this article is dedicated to reasoning why economical growth builton influence and a use of knowledge of the reasons would accelerate consumer orientation of reproduction cycle on the levelof ownership.Both of these, causes and reasons, result in aggravation of social order and ecological crises.End products of globalization and concomitant state economic policies do not lead to crisis solution nor do they lead to effectivedisappearance of their consequences.

Economic uncertainty and its impact on the Croatian economy

Directory of Open Access Journals (Sweden)

Petar Soric

2017-12-01

Full Text Available The aim of this paper is to quantify institutional (political and fiscal and non-institutional uncertainty (economic policy uncertainty, Economists’ recession index, natural disasters-related uncertainty, and several disagreement measures. The stated indicators are based on articles from highly popular Croatian news portals, the repository of law amendments (Narodne novine, and Business and Consumer Surveys. We also introduce a composite uncertainty indicator, obtained by the principal components method. The analysis of a structural VAR model of the Croatian economy (both with fixed and time-varying parameters has showed that a vast part of the analysed indicators are significant predictors of economic activity. It is demonstrated that their impact on industrial production is the strongest in the onset of a crisis. On the other hand, the influence of fiscal uncertainty exhibits just the opposite tendencies. It strengthens with the intensification of economic activity, which partially exculpates the possible utilization of fiscal expansion as a counter-crisis tool.

Keynes, family allowances and Keynesian economic policy

OpenAIRE

Pressman, Steven

2014-01-01

This paper provides a short history of family allowances and documents the fact that Keynes supported family allowances as early as the 1920s, continuing through the 1930s and early 1940s. Keynes saw this policy as a way to help households raise their children and also as a way to increase consumption without reducing business investment. The paper goes on to argue that a policy of family allowances is consistent with Keynesian economics. Finally, the paper uses the Luxembourg Income Study to...

Monetary policy and regional output in Brazil

Directory of Open Access Journals (Sweden)

Rafael Rockenbach da Silva Guimarães

2014-03-01

Full Text Available This work presents an analysis of whether the effects of the Brazilian monetary policy on regional outputs are symmetric. The strategy developed combines the techniques of principal component analysis (PCA to decompose the variables that measure regional economic activity into common and region-specific components and vector autoregressions (VAR to observe the behavior of these variables in response to monetary policy shocks. The common component responds to monetary policy as expected. Additionally, the idiosyncratic components of the regions showed no impact of monetary policy. The main finding of this paper is that the monetary policy responses on regional output are symmetrical when the regional output decomposition is performed, and the responses are asymmetrical when this decomposition is not performed. Therefore, performing the regional output decomposition corroborates the economic intuition that monetary policy has no impact on region-specific issues. Once monetary policy affects the common component of the regional economic activity and does not impact its idiosyncratic components, it can be considered symmetrical.

A predictive analysis of CO2 emissions, environmental policy stringency, and economic growth in China.

Science.gov (United States)

Ahmed, Khalid; Ahmed, Sidrah

2018-03-28

This study takes environmental policy stringency and economic activity as the controlling variables and forecasts the CO 2 emissions in China up to 2022. In doing so, an application of corrected grey model with convolution is used over the annual time series data between 1990 and 2012. The simulation results show that (1) between 2012 and 2022, CO 2 emissions in China is expected to increase at an average rate of 17.46% annually, raising the emissions intensity from 7.04 in 2012 to 25.461 metric tons per capita by 2022; (2) stringent environmental policies reduce CO 2 emissions-whereas, GDP tends to increase the emissions intensity in China; (3) stringent environmental policies are found to have a negative impact on GDP in China. Based on the empirical findings, the study also provides some policy suggestions to reduce emissions intensity in China.

Evaluation of economic impact of climatic change on agro-forestry systems

Directory of Open Access Journals (Sweden)

Vittorio Gallerani

Full Text Available Climate change has a strong influence on agro-forestry systems. Present estimations evisage that changes in climate patterns and extreme events connected to climate change will have greater impacts in the future. This paper seeks to illustrate the articulation of the problems concerning the economic evaluation of climate change, with particularly attention to open problems and future lines of research. Research on this topic, though using methods and approaches consolidated in the disciplines of resource economics and evaluation, still have several open problems, particularly in the field of multidisciplinary studies of the man-environmental relations, policy evaluation and development of decision support systems for decision makers.

Water and growth: An econometric analysis of climate and policy impacts

Science.gov (United States)

Khan, Hassaan Furqan; Morzuch, Bernard J.; Brown, Casey M.

2017-06-01

Water-related hazards such as floods, droughts, and disease cause damage to an economy through the destruction of physical capital including property and infrastructure, the loss of human capital, and the interruption of economic activities, like trade and education. The question for policy makers is whether the impacts of water-related risk accrue to manifest as a drag on economic growth at a scale suggesting policy intervention. In this study, the average drag on economic growth from water-related hazards faced by society at a global level is estimated. We use panel regressions with various specifications to investigate the relationship between economic growth and hydroclimatic variables at the country-river basin level. In doing so, we make use of surface water runoff variables never used before. The analysis of the climate variables shows that water availability and water hazards have significant effects on economic growth, providing further evidence beyond earlier studies finding that precipitation extremes were at least as important or likely more important than temperature effects. We then incorporate a broad set of variables representing the areas of infrastructure, institutions, and information to identify the characteristics of a region that determine its vulnerability to water-related risks. The results identify water scarcity, governance, and agricultural intensity as the most relevant measures affecting vulnerabilities to climate variability effects.

The impact of the British model on economic growth

Directory of Open Access Journals (Sweden)

Simon György Jr.

2007-01-01

Full Text Available The paper is searching for an answer to the question how the British model affected economic development in its mother country, the United Kingdom. The statistical analysis, models of mathematical economics and econometric investigation make it probable to conclude that there was a substantial difference in success between the Thatcherite and the Blairite economic policies; the latter proved more effective. It is particularly remarkable that the Blairite model, connecting privatization with a successful employment policy, reduced unemployment and social sensitivity, has not only speeded up economic growth but also improved economic equilibrium, curtailing, among others, the budget deficit.

Economic downturn : A threat for creative city policy or blessing in disguise?

NARCIS (Netherlands)

Romein, A.; Trip, J.J.

2011-01-01

Since at least a decade the creative city concept is very much en vogue. Culture and creativity are regarded drivers of urban economic development, and therefore as important elements of urban economic policy. In practice however, local policy in many cities is determined by a considerable degree of

Hospital-physician collaboration: landscape of economic integration and impact on clinical integration.

Science.gov (United States)

Burns, Lawton Robert; Muller, Ralph W

2008-09-01

Hospital-physician relationships (HPRs) are an important area of academic research, given their impact on hospitals' financial success. HPRs also are at the center of several federal policy proposals such as gain sharing, bundled payments, and pay-for-performance (P4P). This article analyzes the HPRs that focus on the economic integration of hospitals and physicians and the goals that HPRs are designed to achieve. It then reviews the literature on the impact of HPRs on cost, quality, and clinical integration. The goals of the two parties in HPRs overlap only partly, and their primary aim is not reducing cost or improving quality. The evidence base for the impact of many models of economic integration is either weak or nonexistent, with only a few models of economic integration having robust effects. The relationship between economic and clinical integration also is weak and inconsistent. There are several possible reasons for this weak linkage and many barriers to further integration between hospitals and physicians. Successful HPRs may require better financial conditions for physicians, internal changes to clinical operations, application of behavioral skills to the management of HPRs, changes in how providers are paid, and systemic changes encompassing several types of integration simultaneously.

Technical and economic impacts of active management on distribution network

International Nuclear Information System (INIS)

Zhang, Jietan; Cheng, Haozhong; Wang, Chun

2009-01-01

With the deregulation of energy market and the appeal for environment protection, more and more distributed generation (DG) is embedded in the distribution network. However the approach of connecting DG in most cases is based on a so-called ''fit and forget'' policy and the capacity of DG is limited rigidly by distribution network operator (DNO) to avoid the negative effects of high level penetration. Therefore active management (AM) is put forward as an effective method to network reinforcement for the connection and operation of DG. In this paper, the concept and principle of AM are introduced, and several indices are proposed to evaluate both technical and economic impacts of AM on distribution network with DG. To simplify the simulation fuzzy C-means clustering (FCM) algorithm is introduced. The test results on a sample system represent that AM will lead to decrease of power generation of DG, but it can reduce energy losses and improve voltage profile effectively. Furthermore, AM will take great economic incentives to DG developer as well as DNO with reasonable policy. (author)

The economics of Language Policy: An Introduction to Evaluation Work

OpenAIRE

Grin, François; Vaillancourt, François

2015-01-01

This chapter presents some of the main empirical methods used by economists who since the 1970s have contributed to the elaboration of language policies. This specific focus is the result of the theme of this book; it is more restrictive than discussions on the economics of language of the economics of language policy evaluation. Furthermore, this leads us to emphasize practice-oriented research using quantitative data, in which economists have addressed questions such as: "How much does it c...

The economic impacts of emission reduction policies

Energy Technology Data Exchange (ETDEWEB)

Hanson, D.A.

1992-07-01

Environmental expenditures, or environmental tax revenues, e.g., carbon taxes are potentially significant components of the US macroeconomy. This paper presents a simple model of the role of environmental abatement expenditures and/or emission taxes from the viewpoint of economic efficiency, welfare and potential macroeconomic effects.

The economic impacts of emission reduction policies

Energy Technology Data Exchange (ETDEWEB)

Hanson, D.A.

1992-01-01

Environmental expenditures, or environmental tax revenues, e.g., carbon taxes are potentially significant components of the US macroeconomy. This paper presents a simple model of the role of environmental abatement expenditures and/or emission taxes from the viewpoint of economic efficiency, welfare and potential macroeconomic effects.

THE IMPACT OF MACROECONOMIC FACTORS ON COMPETITION POLICY EFFECTIVENESS WITHIN EUROPEAN UNION

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Dragoi Ionut

2012-12-01

Full Text Available In the last decades, more and more countries have enacted competition laws, understanding the importance of this process in providing a normal functioning of the economy. Analyzing competition policy effectiveness is important not only because of the recent extent of the phenomenon, but also because of the impact of competition policy effectiveness on economic development and, in the current economic climate, on the economic recovery process. For this reason, quantitative evaluation for competition policy effectiveness became very useful as data handling and understanding the whole phenomenon are easier this way and an international perspective is provided. This was made possible by various international institutions that have created a system of aggregated indicators for the evaluation of competition law enforcement and competition advocacy (perceived effectiveness. The purpose of our research is to identify the macroeconomic factors that influence the effectiveness of competition law implementation within the European Union Member States. We have tasted the influence of 13 macroeconomic, using panel data methodology and data from the last four years. We obtained ß coefficients statistically significant only for 11 of them. The results are consistent with prior analyzed studies and economic logic: positive influence from market division, intensity of local competition, ethical behavior of firms, strength of auditing and reporting standards, efficiency of legal framework in settling disputes, protection of minority shareholders’ interests, public trust of politicians, economic dimension and market size and negative influence from corruption level and diversion of public funds. Based on the achieved results we can perform an analysis of principal components leading to causal space reduction with minimal information loss and without informational redundancy, creating the premises for building a model that explains competition policy

The Role of Accounting and Accounting Law in Establishing Public Economic Policies in the Post-crisis Period

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Aurelian Virgil BĂLUŢĂ

2012-06-01

Full Text Available The following issues are being adressed in this paper: the relationship of accounting and accounting law with the local economy, the relationship of accounting and accounting law with macroeconomics, establishing public policies for certain categories of enterprises based on information provided by accounting and accounting law, the relationship of accounting and accounting law with macroeconomics foresight and forecast, the relationship of accounting and accounting law with the labor economy, the impact the wage regulations has on public economic policies under firm ownership change.

The Felbertauern landslide of 2013: Traffic disruption, regional economic consequences and policy decisions

Science.gov (United States)

Pfurtscheller, Clemens; Genovese, Elisabetta

2016-04-01

The Felbertauern landslide of May 2013 caused the total destruction of approximately 100 meters of road including an avalanche gallery, generating several direct and indirect impacts on the regional-economy. The Felbertauern road, an important traffic arteria for the whole NUTS-3 region East-Tyrol (Austria), was totally blocked for several weeks. Short after the event, regional decision makers were hardly in need for an estimation of the regional-economic impacts of the road blockage to opt for alternatives to reopen the road. So, two weeks after the event, an analysis of the possible effects was carried out using only scattered information and statistical data. The analysis is based on a three-month interruption scenario. Retrospectively the road blockage was only two months. Due to the fact that short after the event no up-to-date data on regional-economics at necessary scales was available, impacts on tourism by analysing overnight stays, additional transportation costs and time losses for the local companies were calculated. Using these numbers, a cost-benefit-analysis was carried out for a projected bypass, a mid-term 1.5 kilometer long route as an alternative to the destroyed road. Finally, the impacts on the local companies were severe, due to additional transportation costs of approx. Euro 1.4 million and Euro 76 000 additional time costs using an alternative approach. The impacts on regional tourism were calculated with Euro 7.7 to 10.7 million - that means 0.6 to 0.8% of the total economic output of the region. The study shows the strong impact of indirect and business interruption costs on regional economies and describes the major problems faced during the study - in particular the low availability of input data. The results of consistent cost assessment are critical for decision makers who are responsible for the development of policies to prevent the impacts on societies.

Behavioral Economics and Public Policy 102: Beyond Nudging

OpenAIRE

Saurabh Bhargava; George Loewenstein

2015-01-01

Policymakers have recently embraced Behavioral Economics as an alternative approach which recognizes the limits and consequences of human decision-making. Early applications of BE ("nudges") produced notable successes and helped to set the stage for more aggressive applications aimed at the deeper causes of policy problems. We contend that policies that aspire to simplify products and incentives, rather than choice environments, aggressively protect consumers from behavioral exploitation, and...

Large scale hydro-economic modelling for policy support

Science.gov (United States)

de Roo, Ad; Burek, Peter; Bouraoui, Faycal; Reynaud, Arnaud; Udias, Angel; Pistocchi, Alberto; Lanzanova, Denis; Trichakis, Ioannis; Beck, Hylke; Bernhard, Jeroen

2014-05-01

To support European Union water policy making and policy monitoring, a hydro-economic modelling environment has been developed to assess optimum combinations of water retention measures, water savings measures, and nutrient reduction measures for continental Europe. This modelling environment consists of linking the agricultural CAPRI model, the LUMP land use model, the LISFLOOD water quantity model, the EPIC water quality model, the LISQUAL combined water quantity, quality and hydro-economic model, and a multi-criteria optimisation routine. With this modelling environment, river basin scale simulations are carried out to assess the effects of water-retention measures, water-saving measures, and nutrient-reduction measures on several hydro-chemical indicators, such as the Water Exploitation Index (WEI), Nitrate and Phosphate concentrations in rivers, the 50-year return period river discharge as an indicator for flooding, and economic losses due to water scarcity for the agricultural sector, the manufacturing-industry sector, the energy-production sector and the domestic sector, as well as the economic loss due to flood damage. Recently, this model environment is being extended with a groundwater model to evaluate the effects of measures on the average groundwater table and available resources. Also, water allocation rules are addressed, while having environmental flow included as a minimum requirement for the environment. Economic functions are currently being updated as well. Recent development and examples will be shown and discussed, as well as open challenges.

Fulfilling the Kyoto protocol in Spain: A matter of economic crisis or environmental policies?

International Nuclear Information System (INIS)

Zafrilla, Jorge Enrique; López, Luis Antonio; Cadarso, María Ángeles; Dejuán, Óscar

2012-01-01

In 2008, Spain exceeded by 20.9% the CO 2 emissions allowed by the Kyoto Protocol for 2012. The financial and economic crisis has transformed these figures: as production fell so did energy demand and with it CO 2 emissions. Will the Spanish economic crisis allow Spain to fulfill its commitments? With this in mind, we have developed an extended input–output model able to forecast energy demand and compute CO 2 emissions linked to the consumption of energy goods: petroleum products, gas and coal. The results show that the crisis, and in particularly, the stagnation of the construction industry, is only one of the pillars which help to contain these emissions at −6.81%. The possibility of incorporating environmental policies, new technologies and increases in the price of crude oil in these simulations, means an even greater reduction of emissions than the impact of the crisis (−9.76%). The final result of our most pessimistic/realistic scenario is that, in 2012, Spain will exceed its CO 2 emissions, linked to the combustion of energy goods, by only 0.9%. - Highlights: ► We use an extended input–output model to forecast the evolution of CO 2 emissions. We evaluate the economic crisis impact on emissions figures (2008–2012). ► The environmental policies are introduced by considering structural trends. ► In our reference scenario, Spain exceeds Kyoto commitments only by 0.9% in 2012. ► The 16.6% emissions reduction is explained by trends (−9.8%) and crisis (−6,8%).

Linking sustainable use policies to novel economic incentives to stimulate antibiotic research and development

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Ursula Theuretzbacher

2017-03-01

Full Text Available There is now global recognition that antibiotic resistance is an emerging public health threat. Policy initiatives are underway to provide concrete suggestions for overcoming important obstacles in the fight against antibiotic resistance, like the alarming current paucity of antibacterial innovation. New economic models are needed as incentives for the discovery and development of novel antibacterial therapies especially for infections with too few patients today to justify private sector research and development (R&D investments. These economic models should focus on rewarding the innovation, not the consumption of the antibiotic since sustainable use policies will reduce selection pressure and slow the emergence of resistance. To effectively stimulate greater innovation, the size of the reward must be commensurate with revenues from other therapeutic areas, estimated at about a billion dollar total pay-out. Otherwise R&D investment will continue to move away from antibiotics to areas where returns are more attractive. A potential sizeable public investment, if implemented, must be protected to ensure that the resulting antibiotics have a lengthy and positive impact on human health. Therefore, public investments in innovation should be bound to sustainable use policies, i.e., policies targeted at a range of actors to ensure the preservation of the novel antibiotics. These policies would be targeted not only at the innovating pharmaceutical companies in exchange for the reward payments, but also at governments in countries which receive the novel antibiotics at reasonable prices due to the reward payment. This article provides some suggestions of sustainable use policies in order to initiate the discussions. These are built on planned policies in the US, EU, WHO and have been expanded to address One Health and environmental aspects to form One World approaches. While further discussion and analyses are needed, it is likely that strong

Assessing economic impact of storm surge under projected sea level rise scenarios

Science.gov (United States)

Del Angel, D. C.; Yoskowitz, D.

2017-12-01

Global sea level is expected to rise 0.2-2m by the year 2100. Rising sea level is expected to have a number of impacts such as erosion, saltwater intrusion, and decline in coastal wetlands; all which have direct and indirect socio-economic impact to coastal communities. By 2050, 25% of the world's population will reside within flood-prone areas. These statistics raise a concern for the economic cost that sea level and flooding has on the growing coastal communities. Economic cost of storm surge inundation and rising seas may include loss or damage to public facilities and infrastructure that may become temporarily inaccessible, as well as disruptions to business and services. This goal of this project is to assess economic impacts of storms under four SLR scenarios including low, intermediate-low, intermediate-high, and high (0.2m, 0.5m, 1.2m and 2m, respectively) in the Northern Gulf of Mexico region. To assess flooding impact on communities from storm surge, this project utilizes HAZUS-MH software - a Geographic Information System (GIS)-based modeling tool developed by the Federal Emergency Management Agency - to estimate physical, economic, and social impacts of natural disasters such as floods, earthquakes and hurricanes. The HAZUS database comes integrated with aggregate and site specific inventory which includes: demographic data, general building stock, agricultural statistics, vehicle inventory, essential facilities, transportation systems, utility systems (among other sensitive facilities). User-defined inundation scenarios will serve to identify assets at risk and damage estimates will be generated using the Depth Damage Function included in the HAZUS software. Results will focus on 3 communities in the Gulf and highlight changes in storm flood impact. This approach not only provides a method for economic impact assessment but also begins to create a link between ecosystem services and natural and nature-based features such as wetlands, beaches and dunes

Nuclear energy as an instrument of economic policy

International Nuclear Information System (INIS)

Thiriet, L.

1984-01-01

This chapter is a review of how nuclear power can help achieve energy policy objectives, illustrated with examples based on experience in France. It is preceded by a preliminary consideration of the global economic background for the development of nuclear power today. Headings are: introduction; world-wide economic environment; nuclear energy and inflation; nuclear energy and external constraints; nuclear energy, foreign currency and employment in the French context. (U.K.)

Economic impact of integrated policies to respond to threats of global climate change

International Nuclear Information System (INIS)

Hanson, D.A.

1994-01-01

This paper describes the Argonne Multisector Industry Growth Assessment Model (AMIGA), which is a tool for policy impact analysis in the context of the economy as a whole and its individual sectors. AMIGA is currently being used by the DOE Office of Energy Efficiency and Renewable Energy to help understand and evaluate these DOE programs, including more efficient motor vehicle programs. The steps being taken under the US Climate Change Action Plan are being assessed using AMIGA. However, because AMIGA represents prices of goods and services and the wages of workers, AMIGA has the capability to represent incentive approaches to greenhouse gas emissions reductions such as a carbon tax. The ''best'' policy option in a ''second-best'' world may be a mix, or bundle of incentives, voluntary programs, and command-and-control regulations. Detailed reports on model documentation and simulation studies will be available from the author

Economic aspects of addiction policy.

Science.gov (United States)

Maynard, A

1986-05-01

One definition of policy or government action in the Oxford English Dictionary is "craftiness" i.e. cunning or deceit. Such qualities have to be employed by governments because of the potential vote-losing effects of radical addiction policies. Health promotion, in relation to addictive substances such as alcohol and tobacco in particular, involves a trade-off between the costs of such policies, especially to industry (which seeks regulation to protect itself from competitors), and the benefits--improvements in the quality and length of life. Measures of such benefits (quality-adjusted life-years or QALYs) are available now to use in the evaluation of competing health promotion policies to determine their efficiency at the margin. Analysis of the market for tobacco indicates that consumption has been falling generally in the UK except among teenagers who appear to be the target of the industry's advertising and sponsorship efforts. This fall in consumption appears to be explained by health promotion rather than the active use of fiscal instruments of control. The recognition of the health effects of passive smoking and the impact of advertising and sponsorship, especially on the young, are policy areas requiring careful review and the evaluation of the costs and benefits of competing policies.(ABSTRACT TRUNCATED AT 250 WORDS)

Correlation between Government and Economic Growth –Fiscal Policy during the Transition in Albania

Directory of Open Access Journals (Sweden)

MSc. Xhenet Syka

2013-12-01

Full Text Available In this paper we tried to analyze some aspects of fiscal policy in our country, without pretending to give our own sample. Fiscal policy is the use of government expenditures and taxes which affect economic activity. Determination of fiscal policy in a given year takes into account the time virtually the past (current socio-economic status and the implications for the future (fiscal sustainability. In general the cases dealt the role fiscal policy plays toward economic growth. The analysis many focused both in the theoretical treatment as well as the role that fiscal policy has played in our country, going even further in some suggestions for the future. The most important issue was addressed in the long-term fiscal policy view, fiscal sustainability. In the final everything is addressed to the role of fiscal policy on social issues. The role that fiscal policy should play in economic and social development has long been a controversial issue and is still different among economists. While a restrictive fiscal policy means increasing taxes and cut government spending. Fiscal policy may be expansionary or restrictive. An expansionary fiscal policy means a reduction of direct and indirect taxes and increased government expenditures. Choose between two types of fiscal policy is not an easy decision, both in terms of the current state of the economy, as well as political decisions.

Economic impacts of a California tsunami

Science.gov (United States)

Rose, Adam; Wing, Ian Sue; Wei, Dan; Wein, Anne

2016-01-01

The economic consequences of a tsunami scenario for Southern California are estimated using computable general equilibrium analysis. The economy is modeled as a set of interconnected supply chains interacting through markets but with explicit constraints stemming from property damage and business downtime. Economic impacts are measured by the reduction of Gross Domestic Product for Southern California, Rest of California, and U.S. economies. For California, total economic impacts represent the general equilibrium (essentially quantity and price multiplier) effects of lost production in industries upstream and downstream in the supply-chain of sectors that are directly impacted by port cargo disruptions at Port of Los Angeles and Port of Long Beach (POLA/POLB), property damage along the coast, and evacuation of potentially inundated areas. These impacts are estimated to be $2.2 billion from port disruptions, $0.9 billion from property damages, and $2.8 billion from evacuations. Various economic-resilience tactics can potentially reduce the direct and total impacts by 80–85%.

Regional sustainability in Northern Australia. A quantitative assessment of social, economic and environmental impacts

Energy Technology Data Exchange (ETDEWEB)

Wood, Richard [School for Environmental Research, Charles Darwin University, NT 0909 (Australia); Industrial Ecology Program, NTNU, Trondheim (Norway); Integrated Sustainability Analysis, University of Sydney, NSW 2006 (Australia); Garnett, Stephen [School for Environmental Research, Charles Darwin University, NT 0909 (Australia)

2010-07-15

This paper seeks to provide a picture of sustainability of the Northern Territory by analysing a number of sustainability indicators across indigenous status and remoteness class. The paper seeks to extend current socio-economic statistics and analysis by including environmental considerations in a 'triple bottom line' or 'sustainability assessment' approach. Further, a life-cycle approach is employed for a number of indicators so that both direct and indirect impacts are considered where applicable. Whereas urban populations are generally doing better against most quantitative economic and social indicators, environmental indicators show the opposite, reflecting the increasing market-based environmental impacts of urban populations. As we seek to value these environmental impacts appropriately, it would be beneficial to start incorporating these results in policy and planning. (author)

How much will be economic impact of climate change on water resources? A Meta-Analytic Review of previous literature

Science.gov (United States)

Yoshikawa, S.; Iseri, Y.; Kanae, S.

2016-12-01

Water resources is vital in social and economic activities. Total global water use is increasing, mainly due to economic and population growth in developing countries. It has one of risk with high agreement and robust evidence that freshwater-related risks of climate change increase significantly with increasing greenhouse gas concentrations. It is difficult to compare the risk with other field risk (e.g. agriculture, forestry, sea level rise) for considering both adaptation and mitigation policy with the level of decision makers and public servants. Economic impacts of climate change on water scarcity has been estimated by economic researchers. We have no certainty at all about integration between hydrological and economical fields on global scale. In this study, we highlight key concerns about conventional estimations of economic impact on water resources through meta-analysis. The economic impact on water resource in same base year using consumer price index is shown with increase in the global mean temperature. We clarified four concerns which are involved in 1) classification of economic mechanism, 2) estimated items of economic impact, 3) difference in estimating equations, and 4) definition of parameters related with economic impact of climate change. This study would be essential to next challenge as transdisciplinary research between hydrologic and economic fields.

The Social and Economic Impacts of Space Weather (US Project)

Science.gov (United States)

Pulkkinen, A. A.; Bisi, M. M.; Webb, D. F.; Oughton, E. J.; Worman, S. L.; Taylor, S. M.; Onsager, T. G.; Adkins, J. E.; Baker, D. N.; Forbes, K. F.; Basoli, D.; Griot, O.

2017-12-01

The National Space Weather Action Plan calls for new research into the social and economic impacts of space weather and for the development of quantitative estimates of potential costs. In response to this call, NOAA's Space Weather Prediction Center (SWPC) and Abt Associates are working together to identify, describe, and quantify the impact of space weather to U.S. interests. This study covers impacts resulting from both moderate and severe space weather events across four technological sectors: Electric power, commercial aviation, satellites, and Global Navigation Satellite System (GNSS) users. It captures the full range of potential impacts, identified from an extensive literature review and from additional conversations with more than 50 sector stakeholders of diverse expertise from engineering to operations to end users. We organize and discuss our findings in terms of five broad but interrelated impact categories including Defensive Investments, Mitigating Actions, Asset Damages, Service Interruptions, and Health Effects. We also present simple, tractable estimates of the potential costs where we focused on quantifying a subset of all identified impacts that are apt to be largest and are also most plausible during moderate and more severe space weather scenarios. We hope that our systematic exploration of the social and economic impacts provides a foundation for the future work that is critical for designing technologies, developing procedures, and implementing policies that can effectively reduce our known and evolving vulnerabilities to this natural hazard.

Instrumental Effects of Fiscal Policy for Pakistan Economy

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Ghulam Rasool Madni

2013-12-01

Full Text Available Fiscal policy has much controversial debate regarding its effectiveness on economic growth. Taxation and government expenditure are two main instruments of fiscal policy. This paper is aimed to analyze the effect of different categories of government expenditure on economic growth of Pakistan. Based on impact on economic growth, government expenditures are classified into productive (having positive or neutral effect on economic growth and unproductive expenditures (having negative or insignificant impact on economic growth. The data time span for this study is 1979-2012. After classification of expenditures, the impact of fiscal instruments is analyzed by utilizing the ARDL approach of Co integration which is a better estimation technique for small sample size. The results reveal that unproductive government expenditure have negative impact while productive government expenditure has insignificant impact on the economic growth. It is found that private investment positively and significantly affect the economic growth. On the other side, direct and indirect taxes have also insignificant impact on economic growth of Pakistan

Economic analysis of the health impacts of housing improvement studies: a systematic review

Science.gov (United States)

Fenwick, Elisabeth; Macdonald, Catriona; Thomson, Hilary

2013-01-01

Background Economic evaluation of public policies has been advocated but rarely performed. Studies from a systematic review of the health impacts of housing improvement included data on costs and some economic analysis. Examination of these data provides an opportunity to explore the difficulties and the potential for economic evaluation of housing. Methods Data were extracted from all studies included in the systematic review of housing improvement which had reported costs and economic analysis (n=29/45). The reported data were assessed for their suitability to economic evaluation. Where an economic analysis was reported the analysis was described according to pre-set definitions of various types of economic analysis used in the field of health economics. Results 25 studies reported cost data on the intervention and/or benefits to the recipients. Of these, 11 studies reported data which was considered amenable to economic evaluation. A further four studies reported conducting an economic evaluation. Three of these studies presented a hybrid ‘balance sheet’ approach and indicated a net economic benefit associated with the intervention. One cost-effectiveness evaluation was identified but the data were unclearly reported; the cost-effectiveness plane suggested that the intervention was more costly and less effective than the status quo. Conclusions Future studies planning an economic evaluation need to (i) make best use of available data and (ii) ensure that all relevant data are collected. To facilitate this, economic evaluations should be planned alongside the intervention with input from health economists from the outset of the study. When undertaken appropriately, economic evaluation provides the potential to make significant contributions to housing policy. PMID:23929616

Macroeconomic Policies and their Impact on Poverty Alleviation in Pakistan

OpenAIRE

Rashid Amjad; A.R. Kemal

1997-01-01

The paper provides a consistent time-series of poverty estimates for the period 1963- 64 to 1992-93 for both the rural as well as the urban areas, examines the influence of macroeconomic policies on the poverty levels, analyses the impact of Structural Adjustment Programmes on the levels of poverty, and suggests a strategy for poverty alleviation in Pakistan. The paper explores in particular the influence on poverty of such factors as economic growth, agricultural growth, terms of trade for t...

Environmental economics and policy making in developing countries. Current issues

International Nuclear Information System (INIS)

Motta, R.S. da

2001-01-01

In developing countries, where growth expectations are high, least-cost environmental policies are crucial since they can reduce the conflict between economic growth and the environment. In view of this, policymakers in these economies must be very aware of the relationship between economic and environmental issues to offer policy initiatives which can increase efficiency and improve equity. The authors provide a comprehensive analysis of topics varying from the general problems of growth and conservation to specific applications such as; pollution costs, environmental taxation, deforestation and climate change. This volume also offers policymakers a comprehensive view of the challenges they face, and the legacies they leave, in order to convert environmental policy making into an actual programme of welfare improvement. (author)

Economics and rational conservation policy

International Nuclear Information System (INIS)

Metcalf, G.E.

1994-01-01

Energy analysts have been concerned with the apparently low level of energy-efficient investments and have suggested the presence of various market barriers and failures that hinder investment. The concept of a barrier as defined here is some force that is working against investment in energy-efficient technologies. Market failures, on the other hand, are failures of the competitive paradigm that lead to economically inefficient outcomes. Market barriers require no particular response on the part of government while market failures may call for some policy response. (author)

OPTIMIZATION OF THE RUSSIAN MACROECONOMIC POLICY FOR 2016-2020

Directory of Open Access Journals (Sweden)

Gilmundinov V. M.

2016-12-01

Full Text Available This paper is concerned with the methodological issues of economic policy elaboration and optimization of economic policy instruments’ parameters. Actuality of this research is provided by growing complexity of social and economic systems, important state role in their functioning as well as multi-targets of economic policy with limited number of instruments. Considering a big variety of internal and external restrictions of social and economic development of modern Russia it has wide range of applications. Extension of the dynamic econometric general equilibrium input-output model of the Russian economy with development of the sub-model of economic policy optimization is a key purpose of this study. The sub-model of economic policy optimization allows estimating impact of economic policy measures on target indicators as well as defining optimal values of their parameters. For this purpose, we extend Robert Mundell’s approach by considering dynamic optimization and wider range of economic policy targets and measures. Use of general equilibrium input-output model allows considering impact of economic policy on different aggregate markets and sectors. Approbation of suggested approach allows us to develop multi-variant forecast for the Russian economy for 2016-2020, define optimal values of monetary policy parameters and compare considered variants by values of social losses. The obtained results could be further used in theoretical as well as applied researches concerned with issues of economic policy elaboration and forecasting of social and economic development.

Economic impact of GM crops

Science.gov (United States)

Brookes, Graham; Barfoot, Peter

2014-01-01

A key part of any assessment of the global value of crop biotechnology in agriculture is an examination of its economic impact at the farm level. This paper follows earlier annual studies which examined economic impacts on yields, key costs of production, direct farm income and effects, and impacts on the production base of the four main crops of soybeans, corn, cotton and canola. The commercialization of genetically modified (GM) crops has continued to occur at a rapid rate, with important changes in both the overall level of adoption and impact occurring in 2012. This annual updated analysis shows that there have been very significant net economic benefits at the farm level amounting to $18.8 billion in 2012 and $116.6 billion for the 17-year period (in nominal terms). These economic gains have been divided roughly 50% each to farmers in developed and developing countries. GM technology have also made important contributions to increasing global production levels of the four main crops, having added 122 million tonnes and 230 million tonnes respectively, to the global production of soybeans and maize since the introduction of the technology in the mid-1990s. PMID:24637520

The impact and determinants of the energy paradigm on economic growth in European Union.

Science.gov (United States)

Andrei, Jean Vasile; Mieila, Mihai; Panait, Mirela

2017-01-01

Contemporary economies are strongly reliant on energy and analyzing the determining factors that trigger the changes in energy paradigm and their impact upon economic growth is a topical research subject. Our contention is that energy paradigm plays a major role in achieving the sustainable development of contemporary economies. In order to prove this the panel data methodology of research was employed, namely four panel unit root tests (LLC, IPS, F-ADF and F-PP) aiming to reveal the connections and relevance among 17 variables denoting energy influence on economic development. Moreover, it was introduced a specific indicator to express energy consumption per capita. Our findings extend the classical approach of the changes in energy paradigm and their impact upon economic growth and offer a comprehensive analysis which surpasses the practices and policy decisions in the field.

Economic policy uncertainty and housing returns in Germany: Evidence from a bootstrap rolling window

Directory of Open Access Journals (Sweden)

David Su

2016-06-01

Full Text Available The purpose of this investigation is to research the causal link between economic policy uncertainty (EPU and the housing returns (HR in Germany. In the estimated vector autoregressive models, we test its stability and find the short-run relationship between HR and EPU is unstable. As a result, a time-varying approach (bootstrap rolling window causality test is utilized to revisit the dynamic causal link, and we find EPU has no impact on HR due to the stability of the real estate market in Germany. HR does not have significant effects on EPU in most time periods. However, significant feedback in several sub-periods (both positive and negative are found from HR to EPU, which indicates the causal link from HR to EPU varies over time. The empirical results do not support the general equilibrium model of government policy choices that indicate EPU does not play a role in the real estate market. The basic conclusion is that the real estate market shows its stability due to the social welfare nature and the rational institutional arrangement of the real estate in Germany, and the real estate market also shows its importance that it has significant effect on the economic policy choice in some periods when negative external shocks occur.

THE FORMATION OF ENVIRONMENTAL AND ECONOMIC POLICY IN UKRAINE: REGIONAL SPECIFICITY

Directory of Open Access Journals (Sweden)

Volodymyr Korol’

2016-03-01

state in ore mining areas and industrial urban agglomerations, ensuring its sustainable improvement and ecologically balanced condition; - execution of environmentally sound assessments of population specific provision by different types of natural resources, including life-supporting; - improving the economic levers of environmental control. Ukraine is one of the countries whose development largely depends on balancing the use of available natural resource base, primarily life-supporting (land, water, mineral and raw material.  Research and analysis confirm that, despite the inherited problems of development, Ukraine has its  own opportunities of problems solving, especially through the effective using of all kinds natural resources. Assuming that the industrial structure is the core national economy, its dynamics, natural and  resource input, the priority objective is the improvement of industry structure in the direction of  increasing its technology and providing benefits to those sectors and industries that produce the final ecologically not capacious and environmentally friendly products. This is a problem of great strategic goal, to which the public policy must focus. Thus, the most active level of ecological and economic systems is regional one, as the region (area is also the governance subject, at this level environmental problems of society are emerging, the requirements for the production greening and environmental management are nominated. The region combines specific area points of productive forces distribution, polluting enterprises and natural resources using enterprises, which are parts of its economic structure. The structure and scale of regional production determine the character and volume of pollution, the intensity of the impact on the environment. Thus, the development of the national economy requires considering for at least three factors: first, the natural resource potential of the national territory, which in Ukraine, as in each country

The impact of globalization on economic conditions: empirical evidence from the Mena region

Directory of Open Access Journals (Sweden)

Marwa A. Elsherif

2016-03-01

Full Text Available The Middle East and North Africa (MENA is an economically diverse region that includes countries with a common heritage, at various stages of economic development, with vastly different endowment of natural resources and accounts for 6% of the world total population. Despite undertaking economic reforms in many countries, and having considerable success in achieving macroeconomic stability, the region's economic performance in the past 30 years has been below its potential. Some countries that pursued reforms, such as Egypt, Jordan, Morocco, and Tunisia, enjoyed the region's most rapid growth rates, but due to the political instability and turbulences they are still lagged behind. The purpose of this study is to empirically investigate the impact of globalization in MENA region on the economic performances. This study uses a panel data covers the period 2001–2014 for Gulf Cooperation Council (GCC and non- Gulf Cooperation Council (non-GCC MENA countries and employs Generalized Method of Moments (GMM approach. Results indicate that Globalization is negatively affecting economic conditions in non-GCC and it has no significant effect on non-GCC. This study suggests better policy coordination at all level of government to integrate social, economic and political policies as well all to improve transparency and democratic participation. The paper is outlined as follows- following the introduction, section two reviews the current economic conditions in MENA countries, section three discusses data and methodology, section four presents’ results and interpretation of findings, section five provides conclusions and recommendations.

Morals or markets? Regulating assisted reproductive technologies as morality or economic policies in the states.

Science.gov (United States)

Heidt-Forsythe, Erin

2017-01-01

The availability of assisted reproductive technologies (ARTs) in the medical marketplace complicates our understanding of reproductive public policy in the United States. Political debates over ARTs often are based on fundamental moral principles of life, reproduction, and kinship, similar to other reproductive policies in the United States. However, ARTs are an important moneymaking private enterprise for the U.S. biotechnology industry. This project investigates how the U.S. states regulate these unique and challenging technologies as either moral policies or economic policies. This study employs ordinary least squares (OLS) regression to estimate the significance of morality and economic policy variables on ART policies at the state level, noting associations between state-level political, economic, and gender variables on restrictive and permissive state-level ART policies. Economic variables (reflecting the biotechnology industry) and advocacy for access to ART on behalf of infertility patients increase the chances of states passing policies that enable consumer use of ARTs. Additionally, individual ART policies are distinct from one another in the ways that morality variables increase the chances of ART regulations. Surprisingly, the role of religious adherence among state residents varied in positive and negative relationships with individual policy passage. In general, these results support the hypothesis that ART laws are associated with economic as well as moral concerns of the states-ARTs lie at the intersection of issues of life and reproduction and of scientific innovation and health. What is most striking about these results is that they do not follow patterns seen in the legislation of abortion, contraception, and sexuality in general-those reproductive policies that are considered "morality policy." Similarly, economic variables are not consistently significant in the expected direction.

The economic impacts of climate change on the Chilean agricultural sector: A non-linear agricultural supply model

Directory of Open Access Journals (Sweden)

Roberto Ponce

2014-12-01

Full Text Available Agriculture could be one of the most vulnerable economic sectors to the impacts of climate change in the coming decades, with impacts threatening agricultural production in general and food security in particular. Within this context, climate change will impose a challenge to policy makers, especially in those countries that based their development on primary sectors. In this paper we present a non-linear agricultural supply model for the analysis of the economic impacts of changes in crop yields due to climate change. The model accounts for uncertainty through the use of Monte Carlo simulations about crop yields. According to our results, climate change impacts on the Chilean agricultural sector are widespread, with considerable distributional consequences across regions, and with fruits producers being worst-off than crops producers. In general, the results reported here are consistent with those reported by previous studies showing large economic impacts on the northern zone. However, our model does not simulate remarkable economic consequences at the country level as previous studies did.

An appraisal of policies and institutional frameworks impacting on smallholder agricultural water management in Zimbabwe

Science.gov (United States)

Nyagumbo, I.; Rurinda, J.

Policies and institutional frameworks associated with and / or impacting on agricultural water management (AWM) in smallholder farming systems in Zimbabwe were analyzed through literature reviews, feedback from stakeholder workshops, key informant interviews and evaluation of policy impacts on implemented case study projects/programmes. The study showed that Zimbabwe has gone a long way towards developing a water management policy addressing both equity and access, through the Water and ZINWA of 1998. However, lack of incentives for improving efficient management and utilization of water resources once water has reached the farm gate was apparent, apart from punitive economic instruments levied on usage of increased volumes of water. For example, the new water reforms of 1998 penalized water savers through loss of any unused water in their permits to other users. In addition, the ability of smallholder farmers to access water for irrigation or other purposes was influenced by macro and micro-economic policies such as Economic Structural and Adjustment Programme (ESAP), Zimbabwe Programme for Economic and Social Transformation (ZIMPREST), prevailing monetary and fiscal policies, as well as the Land and Agrarian Reform policies. For instance, the implementation of ESAP from 1991 to 95 resulted in a decline in government support to management of communal irrigation schemes, and as a result only gravity-fed schemes survived. Also AWM projects/programmes that were in progress were prematurely terminated. While considerable emphasis was placed on rehabilitation of irrigation infrastructure since the fast track land reform in 1998, the policies remained rather silent on strategies for water management in rainfed systems. The piecemeal nature and fragmentation of policies and institutional frameworks scattered across government ministries and sectors were complex and created difficulties for smallholder farmers to access water resources. Poor policy implementation

Industrial policy, production efficiency improvement and the Chinese county economic growth

Directory of Open Access Journals (Sweden)

Wang Zhenhua

2016-12-01

Full Text Available This study aims at analyzing the difference in the level of economic development between China’s counties from the two perspectives of industrial policy and production efficiency. Based on panel data of 1830 Chinese counties, this study employs the new classical economic growth theory framework to analyze the counties’ economic growth by the perpetual inventory method, Malmquist index, among others. The results show that the economy of the counties exhibits δ convergence since 2004, and the absolute differences in the different counties are expanding. Industrial policy ensures the additional deepening of the level of capital in the county. Additionally, a substantial difference was observed between the agricultural sector and the non-agricultural sector, whereby the total factor productivity and the technical efficiency are on the rise, resulting in the phenomenon of dual paths of technological progress. In summary, the capital deepening difference between the sectors, production efficiency, and dual paths of technological progress owing to the counties’ industrial policy are the basic reasons for the regional differences in the level of economic development in China.

Economic impact of reduced mortality due to increased cycling.

Science.gov (United States)

Rutter, Harry; Cavill, Nick; Racioppi, Francesca; Dinsdale, Hywell; Oja, Pekka; Kahlmeier, Sonja

2013-01-01

Increasing regular physical activity is a key public health goal. One strategy is to change the physical environment to encourage walking and cycling, requiring partnerships with the transport and urban planning sectors. Economic evaluation is an important factor in the decision to fund any new transport scheme, but techniques for assessing the economic value of the health benefits of cycling and walking have tended to be less sophisticated than the approaches used for assessing other benefits. This study aimed to produce a practical tool for estimating the economic impact of reduced mortality due to increased cycling. The tool was intended to be transparent, easy to use, reliable, and based on conservative assumptions and default values, which can be used in the absence of local data. It addressed the question: For a given volume of cycling within a defined population, what is the economic value of the health benefits? The authors used published estimates of relative risk of all-cause mortality among regular cyclists and applied these to levels of cycling defined by the user to produce an estimate of the number of deaths potentially averted because of regular cycling. The tool then calculates the economic value of the deaths averted using the "value of a statistical life." The outputs of the tool support decision making on cycle infrastructure or policies, or can be used as part of an integrated economic appraisal. The tool's unique contribution is that it takes a public health approach to a transport problem, addresses it in epidemiologic terms, and places the results back into the transport context. Examples of its use include its adoption by the English and Swedish departments of transport as the recommended methodologic approach for estimating the health impact of walking and cycling. Copyright © 2013 World Health Organization. Published by Elsevier Inc. All rights reserved.

Cost-effective design of economic instruments in nutrition policy

DEFF Research Database (Denmark)

Jensen, Jørgen Dejgård; Smed, Sinne

2007-01-01

This paper addresses the potential for using economic regulation, e.g. taxes or subsidies, as instruments to combat the increasing problems of inappropriate diets, leading to health problems such as obesity, diabetes 2, cardiovascular diseases etc. in most countries. Such policy measures may....... The analyses demonstrate that the average cost-effectiveness with regard to changing the intake of selected nutritional variables can be improved by 10–30 per cent if taxes/subsidies are targeted against these nutrients, compared with targeting selected food categories. Finally, the paper raises a range...... of issues, which need to be investigated further, before firm conclusions about the suitability of economic instruments in nutrition policy can be drawn....

Economic Impact Assessment of Wind Power Integration: A Quasi-Public Goods Property Perspective

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Huiru Zhao

2015-08-01

Full Text Available The integration of wind power into power grid will bring some impacts on the multiple subjects of electric power system. Economic impacts of wind power integration on multiple subjects of China’s electric power system were quantitatively assessed from Quasi-public goods property perspective in this paper. Firstly, the Quasi-public goods property of transmission services provided by power grid corporations was elaborated. Secondly, the multiple subjects of China’s electric power system, which include electricity generation enterprises (EGEs, power grid corporations (PGCs, electricity consumers (ECs, and environment, were detailed analyzed. Thirdly, based on the OPF-based nodal price model and transmission service cost allocation model, the economic impact assessment model of wind power integration was built from Quasi-public goods property perspective. Then, the IEEE-24 bus system employed in this paper was introduced according to current status of China’s electric power system, and the modeling of wind turbine was also introduced. Finally, the simulation analysis was performed, and the economic impacts of wind power integration on EGEs, PGCs, ECs and Environment were calculated. The results indicate, from Quasi-public goods property perspective, the wind power integration will bring positive impacts on EGEs, PGCs and Environment, while negative impacts on ECs. The findings can provide references for power system managers, energy planners, and policy makers.

Two Different Views on Monetary Policy Impact: The New Consensus and Post-Keynesian Economics

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Marius-Corneliu Marinas

2007-09-01

Full Text Available The objective of this study is to make a synthesis of the differences between two new macroeconomic views. A New Consensus has arisen among neoclassical and New-Keynesian economists, such as Romer, Taylor and Walsh. This new view seeks to redefine the application of monetary policy by re-specifying the most appropriate monetary rule, which is used for inflation targeting. The framework of the monetary policy impact requires the usage of a expectations augmented Phillips curve, characterized through the lack of trade-off inflation-unemployment in the long-run. Post-keynesian macroeconomic critical, whose promoters are Arestis, Lavoie and Satterfield, argues that for most of the production levels obtained output change has no effect on inflation. This is a re-formulation of the Keynesian aggregate supply curve, which is entirely horizontal.

The economic and environmental impacts of biofuel taxes on heating plants in Sweden

Energy Technology Data Exchange (ETDEWEB)

Braennlund, R.; Kristroem, B.; Sisask, A.

1998-12-31

Sweden`s energy policy is currently based on a large-scale introduction of biofuels. Following a 1980 nuclear power referendum, the current plan is to phase out nuclear power, replacing nuclear energy with renewable energy sources. This policy is supported by various tax breaks for biofuels. There is an ongoing discussion about a restructuring of the energy tax system, which will have far-reaching impact on the markets for biofuels. This paper evaluates the impact of changes in current energy taxation by analyzing a panel of approximately 150 district heating plants in Sweden. We estimate plant-specific production functions and derive the economic repercussions of the tax. We also estimate the resulting changes of emissions of sulfur, NOX and particulates and assess the externality costs Arbetsrapport 258. 6 refs, 4 figs, 11 tabs

The economic and environmental impacts of biofuel taxes on heating plants in Sweden

International Nuclear Information System (INIS)

Braennlund, R.; Kristroem, B.; Sisask, A.

1998-01-01

Sweden's energy policy is currently based on a large-scale introduction of biofuels. Following a 1980 nuclear power referendum, the current plan is to phase out nuclear power, replacing nuclear energy with renewable energy sources. This policy is supported by various tax breaks for biofuels. There is an ongoing discussion about a restructuring of the energy tax system, which will have far-reaching impact on the markets for biofuels. This paper evaluates the impact of changes in current energy taxation by analyzing a panel of approximately 150 district heating plants in Sweden. We estimate plant-specific production functions and derive the economic repercussions of the tax. We also estimate the resulting changes of emissions of sulfur, NOX and particulates and assess the externality costs Arbetsrapport 258. 6 refs, 4 figs, 11 tabs

Energy-economic policy modeling

Science.gov (United States)

Sanstad, Alan H.

2018-01-01

Computational models based on economic principles and methods are powerful tools for understanding and analyzing problems in energy and the environment and for designing policies to address them. Among their other features, some current models of this type incorporate information on sustainable energy technologies and can be used to examine their potential role in addressing the problem of global climate change. The underlying principles and the characteristics of the models are summarized, and examples of this class of model and their applications are presented. Modeling epistemology and related issues are discussed, as well as critiques of the models. The paper concludes with remarks on the evolution of the models and possibilities for their continued development.

THE IMPACT OF THE ECONOMIC CRISIS ON THE POPULATION’S CONSUMPTION IN ROMANIA, IN THE 2009-2013 PERIOD

Directory of Open Access Journals (Sweden)

BÂLDAN FLORENTINA CRISTINA

2016-02-01

Full Text Available The paper “The impact of the economic crisis on population’s consumption in Romania, in the 2009-2013 period” analyses an important phenomenon for Romania’s economy, consumption. The economic and financial crisis determined a change in the income distribution towards the products and services necessary for everyday life. The most influential stimulus at which consumers decide to buy a product is price, and they migrate towards product segments with low prices, while the quality of life is on a downtrend. Consequently, the objective of this paper is to analyse the factors that influence Romanian consumers’ behaviour in the context of the economic crisis in the 2009- 2013 period. The level of food consumption largely depends on the macroeconomic policies, which through the numerous levers influence the population’s consumption behaviour. Out of these levers, we are mentioning the income policy, the credit policy, the monetary policy, the currency policy, the welfare policies, etc. In addition to the economic aspects, population’s consumption also depends on other factors, variables, such as, for example: social variables (degree of urbanization, endowment with infrastructure of the rural area, access to information, access to medical assistance and medical services, etc., demographic variables (level of education, employment rate of the population, degree of population ageing, migration flows, etc., and other variables (geographic location, religion, dietary habits, individual preferences.

"The Economics of Outsourcing: How Should Policy Respond?"

OpenAIRE

Thomas I. Palley

2007-01-01

According to Research Associate Thomas I. Palley, global outsourcing represents a new economic challenge that calls for a new set of institutions. In this brief, he expands upon the problems of offshore outsourcing as outlined in Public Policy Brief no. 86 and focuses on the microeconomic foundations. He argues that outsourcing is a central element of globalization that is best understood as a new form of competition. Palley urges policymakers to understand the economic basis of outsourcing i...

Carbon sequestration and climate policy: elements of economic analysis. CGDD-TSE partnership

International Nuclear Information System (INIS)

Dubreu, Nathalie; Hardelin, Julien; Gilles Lafforgue

2012-05-01

In September 2011 the General Commission for Sustainable Development and Toulouse School of Economics jointly organized a conference on 'Carbon capture and storage (CCS) and climate policies: an economic analysis'. This paper presents an overview of the main results of the conference concerning the optimal energy mix and carbon emission path in the presence of CCS, the superiority of a policy mix combining an environmental tax with R and D subsidies, as well as the inter-generational equity-efficiency trade-off. It is based on presentations by Gilles Lafforgue, Andre Grimaud and Michel Moreaux, researchers from the Toulouse School of Economics. This overview confirms that a climate policy is more effective if it combines several instruments (tax and subsidies) and if it is quickly implemented. (authors)

What "Counts" as Educational Policy? Notes toward a New Paradigm

Science.gov (United States)

Anyon, Jean

2005-01-01

In this piece, Jean Anyon argues that the definition of education policy should be expanded to include the consideration of economic policies. She asserts that the impact of economic policies, such as minimum wage laws, have large and often ignored impacts on the experiences of urban students. Anyon argues that even small annual salary…

Towards increased policy relevance in energy modeling

Energy Technology Data Exchange (ETDEWEB)

Worrell, Ernst; Ramesohl, Stephan; Boyd, Gale

2003-07-29

Historically, most energy models were reasonably equipped to assess the impact of a subsidy or change in taxation, but are often insufficient to assess the impact of more innovative policy instruments. We evaluate the models used to assess future energy use, focusing on industrial energy use. We explore approaches to engineering-economic analysis that could help improve the realism and policy relevance of engineering-economic modeling frameworks. We also explore solutions to strengthen the policy usefulness of engineering-economic analysis that can be built from a framework of multi-disciplinary cooperation. We focus on the so-called ''engineering-economic'' (or ''bottom-up'') models, as they include the amount of detail that is commonly needed to model policy scenarios. We identify research priorities for the modeling framework, technology representation in models, policy evaluation and modeling of decision-making behavior.

Can Fiscal Policy Stimulus Boost Economic Recovery?

OpenAIRE

Agnello, L.; Sousa, R.

2011-01-01

We assess the role played by fiscal policy in explaining the dynamics of asset markets. Using a panel of ten industrialized countries, we show that a positive fiscal shock has a negative impact in both stock and housing prices. However, while stock prices immediately adjust to the shock and the effect of fiscal policy is temporary, housing prices gradually and persistently fall. Consequently, the attempts of fiscal policy to mitigate stock price developments (e.g. via taxes on capital gains) ...

Behavioural economics, travel behaviour and environmental-transport policy

NARCIS (Netherlands)

Garcia-Sierra, M.; van den Bergh, J.C.J.M.; Miralles, C.

2015-01-01

The transport sector creates much environmental pressure. Many current policies aimed at reducing this pressure are not fully effective because the behavioural aspects of travellers are insufficiently recognised. Insights from behavioural economics can contribute to a better understanding of travel

Equity Impacts of Environmental Policy

OpenAIRE

Antonio M. Bento

2013-01-01

This article surveys recent literature on the equity impacts of environmental policy. We focus on studies that look at the distribution of costs and benefits of alternative environmental policies. We also examine potentially important trade-offs between efficiency and equity that arise in the context of environmental policy, as well as transition effects. In many of the applications surveyed here, environmental policies can be regressive. Strategies are discussed to reduce this regressivity t...

Economic policy and the environment (Republic of Macedonia)

International Nuclear Information System (INIS)

1997-01-01

In general, the areas of significant environmental concerns in Macedonia are located near large urban areas, with industrial sources being the major polluters.Reduced industrial production in the last five years decreased the level of pollutants being discharged in air, water and soil compared in the 1980s. However, if industries resume previous levels of production, without proper environmental checks the pollution load to various media will increase. Today, in Macedonia there is willingness to treat environmental issues as an integral part of the overall strategy for economic and social development during the transition to a market economy. Further, Macedonia plans to harmonize its policies, including the ones on environment, with those of EU so as to promote closer integration with other European countries. The effects of economic restructuring may not be favorable for the environment if environmental policies are not developed soon. In the process of developing a policy to finance environmental protection, two principles need to be adopted and followed at all levels of government, namely 'polluter pays' and 'user pays' principles. This will strengthen the role of local communities in financing environmental protection. (author)

PSEUDO-SCIENTIFIC ECONOMIC POLICIES OF MOLDOVA ASSOCIATION TO THE EU: METHODOLOGY, PROBLEMS, SOLUTIONS

Directory of Open Access Journals (Sweden)

Gheorghe RUSU

2016-01-01

Full Text Available Economic policies and decisions on EU association starting with the begginig of 90’s were pseudo-scientific, contradictory, incoherent because those policies have not based themselves on modern and current economic theories elaborated and promoted by the EU. Actuality. The topic is actual from the perspective of the factors’ analysis which were conducting to delay the association process of Moldova to the EU. At the same time, those were increasing instability, disequilibrium in the national economy and raise of social vulnerability and constraint levels which ultimately increased the gap between the national and EU economic development levels. During the period of 2000-2015, the socio-economic policy of the Republic of Moldova is described more as small and fragmented steps on conceiving economic and financial instruments for the integration into the EU which were reflected in the Neighbourhood Partnership and Association Agreement with the EU. These processes conducted for the state incapacity to define its own objectives and social-economic priorities for the association as well as legitimated a continuous stage of transition to the market economy. The scope of the present article is to propose a real change of the development and social-economic association policies for achieving final objective on integration to EU. The proposals would consist in emphasizing and implementation of the EU economic principles reflected in the neoclassic synthesis and neo-conservative theories; the elaboration and implementation of a new Strategy on economic supervision, coordination and anticipation of the economic disequilibrium; achieve economic stability for diminishing the negative effects of the global and regional crisis on national economy and adaptation of the development policies to the national socio-economic conditions. The methods used for the elaboration and achieving the expected results of the study were analysis and synthesis of the

Economic Impacts of Total Water Use Control in the Heihe River Basin in Northwestern China—An Integrated CGE-BEM Modeling Approach

Directory of Open Access Journals (Sweden)

Na Li

2015-03-01

Full Text Available This paper develops an integrated modeling approach combined with a top-down dynamic computable general equilibrium (CGE model and a bottom-up bio-economic model (BEM to study the economic impact of a total water use control policy in the Heihe river basin, northwestern China. The integrated CGE-BEM model is regionally disaggregated with a variety of crops and livestock, and includes the responses of farmers and consequent feedback effects in the regional economic system. The results show that under the total water use control scenario, the water use structure is changed and water use efficiency is improved. The total water use control policy has limited negative impact on the regional economic growth with only a slightly lower growth rate of 13.38% compared with a growth rate of 14% by 2020 under a business as usual water use scenario. However, the total water use control policy has significant negative impacts on several sectors, especially agriculture and food processing. It is expected cropping systems will change through a replacement of water-intensive crops with water-efficient crops. Farmers’ incomes will decrease by 3.14%. In order to alleviate farmers’ income loss and deal with water use conflicts across different sectors and regions, the promotion of migration of surplus labor from agriculture to non-agricultural sectors and the improvement of water use efficiency in agriculture are needed.

Agriculture and greenhouse effect: economic regulation of cross impacts and combination of agricultural and environmental policies - analysis for the France and extension to the european union. Economic analysis of the interactions agriculture- greenhouse effect; Agriculture et effet de serre: regulation economique des impacts croises et combinaison des politiques agricole et environnementale - Analyse pour la France et extension pour l'Union Europeenne. Analyse economique des interactions agriculture - effet de serre

Energy Technology Data Exchange (ETDEWEB)

Jayet, P.A

2002-09-15

The objectives of the research program are: the impacts evaluation of a double relation climate - agriculture on the agricultural production and the greenhouse gases emission; the compatibility of agricultural policies and environmental policies of the sector. Simulations are realized at a regional scale with a coupling of economical and biophysical models (manure spreading, cultivation yield). (A.L.B.)

JEDI: Jobs and Economic Development Impact Model

Energy Technology Data Exchange (ETDEWEB)

2017-06-13

The Jobs and Economic Development Impact (JEDI) models are user-friendly tools that estimate the economic impacts of constructing and operating power generation and biofuel plants at the local (usually state) level. First developed by NREL's researchers to model wind energy jobs and impacts, JEDI has been expanded to also estimate the economic impacts of biofuels, coal, conventional hydro, concentrating solar power, geothermal, marine and hydrokinetic power, natural gas, photovoltaics, and transmission lines. This fact sheet focuses on JEDI for wind energy projects and is revised with 2017 figures.

Sustainability Impact Assessment of land use policies

NARCIS (Netherlands)

Helming, K.; Pérez-Soba, M.; Tabbush, P.

2008-01-01

The principle of multi-functionality simultaneously considers a variety of social, economic and environmental goods and services related to land use. It is thus a key to sustainable development of land and rural areas. Land use policies seek to support the economic competitiveness and sustainable

Safety and economic impacts of photo radar program.

Science.gov (United States)

Chen, Greg

2005-12-01

Unsafe speed is one of the major traffic safety challenges facing motorized nations. In 2003, unsafe speed contributed to 31 percent of all fatal collisions, causing a loss of 13,380 lives in the United States alone. The economic impact of speeding is tremendous. According to NHTSA, the cost of unsafe speed related collisions to the American society exceeds 40 billion US dollars per year. In response, automated photo radar speed enforcement programs have been implemented in many countries. This study assesses the economic impacts of a large-scale photo radar program in British Columbia. The knowledge generated from this study could inform policy makers and project managers in making informed decisions with regard to this highly effective and efficient, yet very controversial program. This study establishes speed and safety effects of photo radar programs by summarizing two physical impact investigations in British Columbia. It then conducts a cost-benefit analysis to assess the program's economic impacts. The cost-benefit analysis takes into account both societal and funding agency's perspectives. It includes a comprehensive account of major impacts. It uses willingness to pay principle to value human lives saved and injuries avoided. It incorporates an extended sensitivity analysis to quantify the robustness of base case conclusions. The study reveals an annual net benefit of approximately 114 million in year 2001 Canadian dollars to British Columbians. The study also finds a net annual saving of over 38 million Canadian dollars for the Insurance Corporation of British Columbia (ICBC) that funded the program. These results are robust under almost all alternative scenarios tested. The only circumstance under which the net benefit of the program turns negative is when the real safety effects were one standard deviation below the estimated values, which is possible but highly unlikely. Automated photo radar traffic safety enforcement can be an effective and efficient

Little emperors: behavioral impacts of China's One-Child Policy.

Science.gov (United States)

Cameron, L; Erkal, N; Gangadharan, L; Meng, X

2013-02-22

We document that China's One-Child Policy (OCP), one of the most radical approaches to limiting population growth, has produced significantly less trusting, less trustworthy, more risk-averse, less competitive, more pessimistic, and less conscientious individuals. Our data were collected from economics experiments conducted with 421 individuals born just before and just after the OCP's introduction in 1979. Surveys to elicit personality traits were also used. We used the exogenous imposition of the OCP to identify the causal impact of being an only child, net of family background effects. The OCP thus has significant ramifications for Chinese society.

Computational intelligence in economic games and policy design

NARCIS (Netherlands)

Dawid, H.; Poutré, La J.A.; Yao, X.

2008-01-01

Developing CI techniques for economic games and policies is a very promising and fast-growing field. Several interesting multi-disciplinary subfields exist, which require researchers of various disciplines to collaborate with each other and contribute to the advances of knowledge in this emerging