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The Colombian Economy and Its Regional Structural Challenges A Linkages Approach - Original PDF
The Colombian Economy and Its Regional Structural Challenges A Linkages Approach - Original PDF
نویسندگان: Eduardo A. Haddad · Jaime Bonet · Geoffrey J. D. Hewings خلاصه: Preface I have been teaching a Ph.D. course on “Applied General Equilibrium Models” at the University of São Paulo, Department of Economics, since 1999. Over the last editions of the course, the material was built around specific countries or regions, selected to be the object of modeling practices undertaken by the students. This praxis turned out to be very rewarding for the students since they were motivated to apply different techniques to study concrete problems in a common economic system. Throughout this process, they had the opportunity to collaborate among themselves and interact with scholars from the study regions, often generating scholarly publications. We had already worked with countries such as Brazil, Chile, Greece, and Paraguay, and with different regional contexts, especially within Brazil. Colombia had always been a top candidate to receive our attention. Our previous engagement with colleagues from the Centro de Estudios Económicos Regionales (CEER), a research center specialized in Regional and Urban Economics at the Banco de la República— the Colombian Central Bank—provided a unique opportunity to develop a special edition of the course on the country. During a visit to Cartagena in 2019, Jaime Bonet and I finally agreed to use Colombia as the case study in the forthcoming edition of the course. We designed the Colombian edition in innovative and challenging ways, raising the bar for the expected outcomes, including a workshop to be hosted in Cartagena in 20201 and the publication of a volume including the contributions by different authors forming a cohesive unit. We built the activities upon solid co
The Relational Governance of Artificial Intelligence Forms and Interactions - Original PDF
The Relational Governance of Artificial Intelligence Forms and Interactions - Original PDF
نویسندگان: Sabine Wiesmüller خلاصه: he book “The Relational Governance of Artificial Intelligence—Forms and Inter- actions” by Sabine Wiesmüller deals both with the theoretical prerequisites and prac- tical possibilities of the governance of “Artificial Intelligence” (AI) in the interplay of social, entrepreneurial, and ethical decision-making logics. In particular, Sabine Wiesmüller’s book aims to contribute to the discussion of a theme that all societies are confronted with today and for which solutions are being sought, namely the complex interactions and network effects of the technological, economic and social aspects of AI. The book focuses on a genuinely interdisciplinary analysis: The overlap and rela- tionalisation between economic, system-theoretical, and ethical language games. Only through such a relationalisation—and this is one of the basic assumptions of the author—can the challenges of the rapidly developing technical and economic possi- bilities, risks, and challenges of artificial intelligence in the economy and society be understood and productively dealt with. The aim of the analysis is therefore twofold: On the one hand, it provides a theo- retical literature reconstruction of the polyvalent forms of governance of AI. On the other hand, it also addresses the practical possibilities for an intersectoral imple- mentation of relational governance of AI. The latter means that the governance of AI must enable and promote the cooperation of the multiple stakeholders involved, especially their interests, resources and decision-making logics. It is therefore about the relational governance of economic and social transactions that relationalise tech- nical logic, economic value creation and ethical demands such as self-interest, trust, integrity and stakeholder legitimacy. In this way, the adaptive approach to uncertainty and process dynamics becomes possibl
Global Economic Challenges 6th International Conference on Banking and Finance Perspectives, Cuenca, Spain - Original PDF
Global Economic Challenges 6th International Conference on Banking and Finance Perspectives, Cuenca, Spain - Original PDF
نویسندگان: Nesrin Özataç • Korhan K. Gökmenoğlu Daniel Balsalobre Lorente Nigar Taşpınar • Bezhan Rustamov خلاصه: Price movements in the energy market are crucial because energy plays a vital role in the world’s economies and human life. The high volatility in energy prices since the 1990s is due to several historical developments, including the deregulation of energy markets, the Asian financial crisis in 1997, and the 2008 global financial crisis (Lien et al., 2016; Lang & Auer, 2019) have increased the need for an appro- priate protection strategy. Hedging by using futures contracts makes the problem of “finding an appropriate hedge ratio” vital. In calculating the optimal hedge ratio (OHR), estimations are mostly based on the average (expected) relationship between spot and futures prices. This approach ignores the tail distribution of the variables (Lien et al., 2016; Shrestha et al., 2018). However, the widely documented non- normal distribution of financial variables makes considering the quantiles of the variables essential. To fill this gap, we used the recently developed quantile-on- quantile (Q-Q) (Sim & Zhou, 2015) approach to estimate the minimum-variance (MV) hedge ratio for crude oil, natural gas, and gasoline markets. Besides, to have a better understanding of the relationship between these variables, we examined long-run and causal relationships by using methods that consider the distribution of the variables.
Environmental Regulations and Industrial Competitiveness Case Studies of Toxic Industries in Southern California - Original PDF
Environmental Regulations and Industrial Competitiveness Case Studies of Toxic Industries in Southern California - Original PDF
نویسندگان: Ward Thomas • Paul Ong خلاصه: 1 Chapter 1 Environmental Regulations and Industrial Competitiveness Abstract Industries in the U.S. emit billions of pounds of toxic chemicals into the environment every year, resulting in a major risk to human health. Many economists and policy makers, however, are strongly opposed to environmental regulations based on an assumption that regulations lead to a loss of jobs and a declining stan- dard of living for U.S. citizens. The empirical literature on this question has pro- duced mixed results, and this chapter critically assesses several conceptual and methodological issues that are embedded in this literature. Our thesis is that strin- gent environmental regulations have the potential to effectively and efficiently reduce toxic emissions from polluting firms and industries while having a negligible impact on the economic competitiveness of firms and industries. We investigate this thesis through three empirical case studies of polluting industries in Southern California that are highly regulated by the South Coast Air Quality Management District (AQMD): metal finishing, wood furniture, and dry cleaning. We also attempt to reveal the institutional process by which firms comply with environmen- tal regulations. Keywords Environmental regulations · Economic competitiveness · Environmental pollution · Economic externalities · Market failure · Environmental compliance · Technological uncertainty · Innovation · Adoption Introduction Over the last half century, the US federal government has played an active role in regulating the emission of toxic chemicals from polluting firms and industries (Rosenbaum, 2019; Telsey, 2016). Congress passed the Clean Air Act of 1970 “to protect and enhance the quality of the nation’s air resources so as to promote the public health and welfare and the productive capacity of the population” (US Environmental Protection Agency, 2007, p. 2). Congress also created the EPA (Environmental Protection Agency) in 1970 to implement and enforce the nation’s environmental law
Rethinking Management and Economics in the New 20’s The 2022 Centre of Applied Research in Management and Economics (CARME) Conference - Original PDF
Rethinking Management and Economics in the New 20’s The 2022 Centre of Applied Research in Management and Economics (CARME) Conference - Original PDF
نویسندگان: Eleonora Santos · Neuza Ribeiro · Teresa Eugénio خلاصه: This study was developed using scientometrics tools and the purpose was to identify and evaluate the scientific production in hedge accounting until the year 2021. The investigation describes a quantitative overview of published studies focusing on hedge accounting and provides information on the performance of arti- cles, journals, and authors of the collected sample. This article contributes to the literature by exploring through maps and graphs the expressions and words most used by the authors in order to identify the main fields of investigation and try to observe the changes in the guidelines of the studies over the years. Through the results of the sample analysis, it is possible to suggest the incorporation and development of new trends in the fields of investigations related to hedge accounting over the years. The results obtained in the regression model corroborate the idea of evolution in the theme of this research field. Finally, the results showed that the annual scientific productions published showed non-constant growth. A study published in 1995, prior to the publication of IAS 39, is the most influential of the sample in terms of total citations and citations per year, corroborating the idea that despite the emergence of new directions in research, main investigations are used as a matrix in the search field
Current Issues in Public Utilities and Public Policy Empirical Studies Focusing on Japan - Original PDF
Current Issues in Public Utilities and Public Policy Empirical Studies Focusing on Japan - Original PDF
نویسندگان: Fumitoshi Mizutani · Takuya Urakami · Eri Nakamura خلاصه: Public utility industries are basic to both consumers and firms for main- taining daily life and economic activities. Relevant, practical information based on careful empirical study is necessary to create prudent policy for public utility indus- tries. This chapter summarizes three points: the aim of this book, the characteristics of public industries, and the topic of each chapter. The purpose here is to deepen the general understanding of public utility industries, which, compared with general industries, have distinguishing characteristics such as (i) the necessity for huge infras- tructure networks, (ii) the provision of essential services, (iii) the difficulty of storing services and a peak/off-peak imbalance, (iv) the necessity for a balance of publicness and marketability, (v) the existence of externalities, and (vi) the constraints imposed by public regulation
Healthcare and Disease Burden in Africa The Impact of Socioeconomic Factors on Public Health - Original PDF
Healthcare and Disease Burden in Africa The Impact of Socioeconomic Factors on Public Health - Original PDF
نویسندگان: Ilha Niohuru خلاصه: Chapter 1 Introduction There is an acute scarcity of research and studies on the conditions of healthcare in African countries. According to Marincola and Kariuki (2020), 20% of the global disease burden falls on the shoulders of Africa, yet only 1% of worldwide scientific output focuses on African countries. Filling the epistemological gap is critical, for it will not only shine a light on our understanding of the realities of the continent, but also pave way for more engaged future studies. The investigation of existing health- care conditions in Africa provides an indispensable basis for generating educated responses to the challenges that confront the continent as a whole and across its different localities. Africa also occupies a historically overlooked and underrep- resented position. It is a unique continent with highly diverse cultures, societies, and economic compositions. While significantly different from the Western or more economically developed parts of the world, Africa is playing a crucial role on the global stage in a variety of aspects. Therefore, studies of Africa will not only benefit the regional communities, but also have a long-lasting impact on the rest of the world. Africa carries the oldest and most diverse genome. Around seven billion of the world’s population share a common origin in Africa. The burden of disease in Africa is also shifting from communicable to non-communicable diseases, which is also a major concern of the societies that are more economically developed. Therefore, addressing the disease burden in Africa, in parallel, means investing in the prevention and treatment of diseases in the rest of the world.
Sustainable Development Disciplines for Society Breaking Down the 5Ps—People, Planet, Prosperity, Peace, and Partnerships - Original PDF
Sustainable Development Disciplines for Society Breaking Down the 5Ps—People, Planet, Prosperity, Peace, and Partnerships - Original PDF
نویسندگان: Shujiro Urata • Ken-Ichi Akao • Ayu Washizu خلاصه: Introduction This multidisciplinary book provides 14 problem-solving lectures on the sustainable development of people, peace, planet, and prosperity—four of the five keywords for the Sustainable Development Goals (SDGs), 4 namely people, planet, prosperity, peace, and partnerships (5Ps). According to the Resolution adopted by the General Assembly of the United Nations (2015, p. 2), the SDGs are intended to promote the following actions in these five areas: (1) For people: end poverty and hunger in all their forms and dimensions, as well as ensure that all human beings can fulfill their potential with dignity and equality and in a healthy environment. (2) For planet: protect it from degradation, including through sustainable consumption and production, by sustainably managing natural resources and taking urgent action on climate change, so that it can support the needs of the present and future generations. (3) For prosperity: ensure that all human beings enjoy prosperous and fulfilling lives and that economic, social, and technological progress occurs in harmony with nature. (4) For peace: foster peaceful and inclusive societies that are free from fear and violence. (5) For partnerships: mobilize the means required to implement this agenda through a revitalized Global Partnership for Sustainable Development based on a spirit of strengthened global solidarity, focusing, in partic- ular, on the needs of the poorest and most vulnerable and with the participation of all countries, all stakeholders, and all people
Equity in Health and Health Promotion in Urban Areas Multidisciplinary Interventions at International and National Level - Original PDF
Equity in Health and Health Promotion in Urban Areas Multidisciplinary Interventions at International and National Level - Original PDF
نویسندگان: Alessandra Battisti · Maurizio Marceca · Giuseppe Ricotta · Silvia Iorio خلاصه: In the last twenty years, processes of metropolization have seen an uncontrollable increase, registering a rate of global urbanization that—according to the “World Urbanization Prospects 2018” of the United Nations—will reach almost 70% in 2050 [1]. These data, with a global vision, underline the dynamics of the growth of settlements and cities in quantitative, qualitative, historical and social evolution. In poor countries, this growth continues to take place following models of urban aggre- gation that has been unchanged over the years and inadequate to guarantee minimum conditions of health and sanitation. This situation continues to generate a proliferation of informal areas in conditions of extreme poverty and environmental vulnerability. According to a recent UN-Habitat report, which reports how more than a billion people are forced to live in informal settlements and estimates that this number will double by 2030, slums represent a phenomenon destined to define the near futur
Calming the Storms The Carry Trade, the Banking School and British Financial Crises Since 1825 - Original PDF
Calming the Storms The Carry Trade, the Banking School and British Financial Crises Since 1825 - Original PDF
نویسندگان: Charles Read خلاصه: But this long run is a misleading guide to current affairs. In the long run we are all dead. Economists set themselves too easy, too useless a task if in tempestuous seasons they can only tell us that when the storm is past the ocean is flat again. —J. M. Keynes, ‘A Tract on Monetary Reform’ in Collected Writings of John Maynard Keynes, IV (Cambridge: CUP, 2013) p. 65.1 The quotation from John Maynard Keynes’ A Tract on Monetary Reform (1923), that ‘in the long run we are all dead’, is probably the most misunderstood in economics. It is often naively assumed to be a carpe diem defence of Keynesian deficit financing during a downturn. That is, ‘care about the recession we’re in now, rather than about the long-term cost of borrowing’; or ‘recklessly enjoy the present and let the future go hang’.2

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