the kogut and singh national cultural distance index time to start using it as a springboard rather than a crutch this counterpoint investigates the continued relevance of the 30 year old kogut and singh ks index of cultural distance ks was a seminal contribution highlighting the relevance of cultural differences in ib however since then simplistic replications of the original arguments and index have prevented us from progressing towards a better understanding of how cross national differences matter we discuss the mechanisms underlying the construct and how they relate to the algorithm data and its critiques we call for more theoretically informed approaches highlighting the underlying mechanisms and specifying which data and algorithms best capture those mechanisms in each research context

governance and agricultural productivity a cross national analysis abstract in this study we examine the relationship between governance and agricultural performance by employing the world bank s aggregate governance indicators based on a cross country panel sample two methods are employed to test the hypothesis that better governance fosters agricultural productivity the empirical results of both methods support the hypothesis as for the first method the estimation results of the widely used inter country aggregate agricultural production function show that a country with better governance can produce more agricultural outputs given the same amounts of agricultural inputs the same education level and the same climate condition as for the second method the empirical results of a structural equation model reveal that given the same amounts of agricultural capital stock and land an agricultural worker in a country with better governance produces more better governance can indirectly improve agricultural productivity by driving agricultural capital accumulation our empirical work lends support to the claim of hayami and ruttan hayami y ruttan v 1985 agricultural development an international perspective john hopkins university press baltimore that governance is a basic factor explaining the poor economic performance of many developing countries in order to improve the agricultural performance of many developing countries apart from physical and education investments more emphasis should be placed on improving the governance infrastructure of these countries

bye bye central planning hello market hiccups institutional transition in romania romania is considered as having had two transition periods a gradual transitional phase from 1990 to 1996 followed by shock therapy since 1997 the key to the trans ition from a planned economy to a market economy is the institutions that are estab lished to enable the market to operate while this is acknowledged after ten years of transition in romania what has not been fully addressed is the appropriateness of the forms of institutions that have been suggested for adoption and whether they con stitute the right mix our contention is that both phases of the transition process have largely been guided by the prescriptions arising from a new institutionalist perspec tive and that a more effective transition would have occurred if more attention had been paid to the evolutionary nature of the institutions established along the lines advocated by old american institutionalists

a methodology for measuring food poverty applied to kenya abstract this paper proposes a new way of establishing a food poverty line taking into account regional food preferences and prices it uses this poverty line to derive a food poverty measure which satisfies the desirable fundamental properties of such measures and has the additional advantage of being additively decomposable the measurement of food poverty is further generalized to heterogeneous groups of households facing different sets of relative prices and exhibiting different food preferences finally the above methodology is applied to the empirical estimation of food poverty among kenyan smallholders and the results contrasted with those obtained by two other methods

targeting the poor using roc curves abstract this paper compares the performance of targeting indicators to identify the poor if the roc curve of one indicator lies above that of another the first indicator dominates the second for all social welfare functions based on the two types of errors involved in targeting the method is applied to bangladesh fifteen indicators are used including location land ownership education occupation demographics age family structure and housing the analysis is applied at the national urban and rural levels with two poverty lines education dominates land ownership in urban areas the ranking is reversed in most cases in rural areas

will markets direct investments under the kyoto protocol lessons from the activities implemented jointly pilots under the kyoto protocol countries can meet treaty obligations by investing in projects that reduce or sequester greenhouse gases elsewhere prior to ratification treaty participants agreed to launch country based pilot projects referred to collectively as activities implemented jointly aij to test novel aspects of the project related provisions relying on a ten year history of projects we investigate the determinants of aij investment our findings suggest that review agency preferences related to national political objectives and possibly deeper cultural ties influenced project selection and limited the number of aij projects bilateral ties also appear to have affected investment decisions directly possibly because of related transaction costs the results suggest an investment process different from the assumptions that underlie well known estimates of cost savings related to the protocol s flexibility mechanisms we conclude that if approaches developed under the aij programs to approve projects are retained the scale of investment under kyoto s flexibility provisions and their cost savings will be less than what is generally anticipated and the pattern of investment less driven by abatement costs

land contingent poverty alleviation schemes abstract target groups for rural poverty alleviation schemes in south asia and elsewhere have often been identified in terms of their landholding class with landless or near landless households being the intended beneficiaries this paper offers a quantitative approach to the analysis and design of land contingent poverty alleviation schemes an application to bangladesh suggests that when income is generally unobserved landholding class is a good instrument for targeting poverty relief in that it is strongly correlated with the informationally feasible allocations which minimize aggregate poverty for a given budget it is however far from being a perfect instrument even under otherwise ideal conditions the maximum feasible reduction in poverty which is attainable by relying solely on land based targeting is substantially less than that attainable with perfect income information indeed the poverty alleviation impact of domestically financed and revenue neutral transfers across 10 landholding classes in rural bangladesh could also be achieved without targeting by simply giving every household a lump sum payment equivalent to 10 of mean rural income political restrictions on tax powers or errors made in administration will further reduce the gains from land contingent targeting greater impact on poverty for a given budgetary cost will require more precise targeting within landholding classes

defining energy security takes more than asking around abstract in undetermined the recent contribution by benjamin sovacool proposes 20 dimensions and 320 indicators of energy security in asia however the method for identifying these dimensions and indicators 64 semi structured interviews has three shortcomings first asian policy makers responsible for energy security are absent from the pool of respondents dominated by academics second no prioritization or contextualization of energy security concerns is attempted leading to an excessively long generic list third no disagreements between the interviewed experts are accounted for future attempts to define energy security based on perceptions should involve relevant social actors include mechanisms for discriminating between primary and secondary concerns and find ways to constructively report on disagreements less

food energy intake and cost of basic needs measuring poverty in bangladesh past estimates of poverty in bangladesh based on the food energy intake method found decreasing poverty over time and similar poverty in urban and rural areas using the cost of basic needs method we find increasing poverty for 1984 92 and higher poverty in rural than urban areas examples of lack of consistency in past estimates are highlighted a method is introduced to assess the gap narrowing and re ranking impacts on poverty measures of changes in poverty lines the article also estimates the marginal impact of household characteristics such as household size education occupation and land ownership on the probability of being poor

new institutional economics in the post socialist transformation debate the paper suggests that there is a tension between the basic tenant of new institutional economics nie and the manner in which it has been applied in the debate on post socialist transformation this tension is explored in the context of four main perspectives on nie i property rights ii transaction costs economics iii new economic history and iv evolutionary economics there are two main arguments the first is that the transformation phase should be seen as open ended rather than a closed process where the pure market is the inevitable end result the second is that although the nie literature touches on most of the issues which are relevant to post socialist transformation the insights that it offers are still too general for policy guidance

european energy policy a review this article presents the implemented policies of the european union in the broader field of energy and provides a picture of the union s strategy on energy related issues a brief historical background is provided covering the period from the beginning of the union s creation in 1951 when coal was considered as the heart of its economic growth up to 2012 policy development principles as well as the consultations that take place before the proposal of each option are also discussed implemented policies are classified into seven broad categories renewable energy energy efficiency and savings internal energy markets security of energy supply environmental protection nuclear energy and research and development for each category an introduction covering important milestones towards its development is followed by the presentation of the relevant policies and a description of their purpose

challenges and countermeasures of china s energy security china is now a major consumer and importer of energy and its choices and policies will increasingly affect the rest of the world this paper analyses the key features of china s energy policy as it faces the prospect of possible challenges to its energy security given the increasing reliance on fuel imports and the need to transform its energy to meet the requirements of a modern fast growing economy the paper examines whether the current energy mix is appropriate and sustainable and considers the china s policymakers new emphasis on energy efficiency conservation renewable energy and the shift to natural gas the primary energy source it examines the internal and external constraints on china s energy policy and considers the strategic dilemmas arising from china s increasing involvement in international energy markets it concludes that both the domestic and international implications of china s search for energy security will confront policymakers with hard choices that will affect not only energy policy but also china s geopolitical grand strategy

energy and climate policy in china s twelfth five year plan a paradigm shift the twelfth five year plan fyp endorsed by the people s national congress in march 2011 plays a crucial role in shaping china s development trajectory over the next decades and especially for the fulfillment of the 40 45 carbon intensity reduction target by 2020 the plan will condition both the medium and long term perspectives of economic restructuring rebalance between the inclusive economic growth and environmental objectives which are compounded by multiple constraints faced by china such as aging population natural resources depletion energy supply security and environmental deterioration this article investigates the major energy and climate targets and actions specified in the 12th fyp to gain insights into the nature and magnitude of challenges and difficulties with regard to the medium and long run economic and environmental policies it points out that china should articulate sectoral policies with the global climate mitigation targets to avoid long term carbon lock in based on an in depth analysis of the objectives in the plan it is argued that the implementation should include mainstreaming developments of appropriate instruments to support cost effective energy efficiency improvements and carbon intensity reduction in the next five years

european union energy policy integration a case of european commission policy entrepreneurship and increasing supranationalism focusing on gas this article explores the role of the european commission in the process of european union energy security policy development and the extent to which the policy area is becoming increasingly supranational situating the article within the literature on agenda setting and framing it is argued that a policy window was opened as a result of enlargement to include more energy import dependent states a trend of increasing energy imports and prices and gas supply disruptions from the mid 2000s the commission contributed to a shift in political norms successfully framing import dependency as a problem requiring an eu level solution based on the institution s pre existing preferences for a diversified energy supply and internal energy market whilst member states retain significant sovereignty the commission has achieved since 2006 creeping competencies in the internal and to a lesser extent external dimensions of eu energy policy

the economic role of a work ethic abstract this paper explores the extent to which a cultural work ethic can improve the performance of an economy it argues that a variety of technological and institutional features of labor markets tend to cause pareto sub optimal amounts of labor to be supplied to the economic nexus as a consequence a proper work ethic can improve economic efficiency as well as material well being a man does not by nature wish to earn more and more money but simply to live as he is accustomed to live and to earn as much as is necessary for that purpose wherever modern capitalism has begun its work of increasing the productivity of human labor by increasing its intensity it has encountered this leading trait of pre capitalistic labor max weber the protestant ethic and the spirit of capitalism 1904 1984 p 60 sacred to the city however is the work ethic office workers think nothing of leaving for work at 6a m and staying on to 9 or 10 at night that rather than economic management is the explanation for the brazilian miracle of the past 40 years the economist april 25 1987 p 22 1

chinese investments in europe s energy sector risks and opportunities abstract this paper analyses recent trends in chinese investment in the european energy sector these investments have increased in size targeted a wider number of countries and entered multiple energy sectors in particular fossil renewable energies and energy infrastructure we highlight the significant opportunities for as well as the political and economic risks of chinese investments in the european energy sector on the one hand the benefits can be substantial as china s new role as a global investor offers substantial economic benefits and political partnership further benefits might potentially emerge from backward linkages of chinese investments to improve access to china s restricted markets yet our findings also point to growing concerns among policymakers and business managers in europe ranging from worries about unfair competition and economic risks to concerns about national security we conclude with policy recommendations for the european union and its member states

microdeterminants of consumption poverty growth and inequality in bangladesh using household data from five successive national surveys the author analyzes the microdeterminants of and changes in consumption poverty growth and inequality in bangladesh from 1983 to 1996 education demographics land ownership occupation and geographic location all affect consumption and poverty the gains in per capita consumption associated with many of these household characteristics tend to be stable over time returns to demographics variables in household size have the greatest impact on growth perhaps because of improving employment opportunities for women education in urban areas and land in rural areas contribute most to measures of between group inequality location takes second place in both urban and rural areas the author introduces the concept of conditional between group inequality existing group decompositions of the gini index along one variable do not control for other characteristics correlated with that variable conditional between group ginis avoid this pitfall he also shows how to use unconditional and conditional between group ginis for simulating policies

estimating utility consistent poverty lines with applications to egypt and mozambique abstract a fundamental premise of absolute poverty lines is that they represent the same level of utility through time and space disturbingly a series of recent studies in middle and low income economies show that even carefully derived poverty lines rarely satisfy this premise this article proposes an information theoretic approach to estimating cost of basic needs cbn poverty lines that are utility consistent applications to date illustrate that utility consistent poverty measurements derived from the proposed approach and those derived from current cbn best practices often differ substantially with the current approach tending to systematically overestimate underestimate poverty in urban rural zones

chinese investment in the eu renewable energy sector motives synergies and policy implications abstract this paper addresses three questions how have trade and investment in wind and solar sectors evolved between the eu and china in recent years is there a link between rising trade conflicts and trade and investment trends and what wider motivations and synergies can be identified in chinese investments in the eu s re sector to address these questions we analyze trade and investment data as well as qualitative data including information from media and company reports large increases in trade and investment were followed by rapid falls since 2012 13 trade tensions have not led to increases in investment rather the inverse we find that chinese investment in these two sectors is very concentrated in germany the key motivation for investment is market seeking although r d is also important especially for wind most investments are greenfield a preference that has persisted over time our qualitative analysis of several key acquisitions indicates that technology integration and the consolidation of capacities across the supply chain were key motivations in most of the cases studied we conclude with some policy orientations

institutions and economic growth an historical introduction abstract in this essay the interdependence of political and economic institutions is examined against premises in neoclassical theories of economies which maintain that population and savings are the principal determinants of economic growth that institutions matter in the development of economies is the difference in assumptions i examine i look at the institutional frameworks that preceded adoption of the united states constitution and the northwest ordinance in early america i then trace the precedents of these american institutions to the evolution of common law in england where interests unconcerned with the crown coalesced to form competing political units i then contrast england s institutional development with the comparatively centralized enforcement mechanisms of spain to examine the hypothesis that institutional differences produce economic consequences

shifting policy priorities in eu china energy relations implications for chinese energy investments in europe shifting energy policy priorities both in china and the eu european union have transformed their bilateral relationship in order to assess the impact of domestic policy priorities on bilateral energy cooperation and climate policy this comparative study traces the evolution of eu and chinese approaches to energy policy and their relative emphasis on factors and frames such as availability efficiency affordability and environmental stewardship drawing on government documents and a data set of interviews with chinese policy makers experts and academics in 2015 2016 the article argues that while the eu started with a strong emphasis on environmental stewardship and moved towards a focus on affordability and availability china started with a strong emphasis on availability and has moved towards a greater emphasis on environmental stewardship this shift in frames on the chinese side and subsequent changes in subsidy structures and targets can partially explain the increase in investments in renewable energy technologies the article concludes that the chinese and eu perspectives have become more aligned over the past ten years coinciding with an increasing trend towards renewable energy in chinese energy investments in the eu for example in italy and the uk

does gdp distort mexico s economic performance between 1961 and 1980 mexico s gross domestic product gdp per capita grew nearly 3 50 annually during the 1980s however it shrank about 0 50 per year gdp figures suggest that there was sustained economic growth for the 1960s and 1970s changing suddenly to contraction in the 1980s this impression may be misleading gdp does not account for housework or informal production outside households further gdp also may be distorted by transactional activities which are expenditures to support transactions not actual output consumed this study recalculates output for mexico for the 1961 1990 sample period controlling for transactional activities and nonmarket production we find that gdp misstates mexico s actual economic growth in the 1960s the economy expanded more quickly than gdp suggests but in the 1970s growth was less than half that of the 1960s the economy indeed slumped in the 1980s but not as terribly as the official figures indicate mexico s economy did not collapse suddenly in the early 1980s actual economic growth had slowed dramatically during the 1970s

social capital and growth we define and characterize social capital in a simple growth model we capture social capital in a model where individuals in a community maximize their lifetime gains to trade each trade between two members of a community has the structure of the prisoners dilemma trades are repeated indefinitely but not necessarily each period social capital is defined as the social structure which facilitates cooperative trade as an equilibrium the trading model is incorporated into a growth model to explore the connections between growth labor mobility and social capital the key assumption is that technological innovation which drives growth involves a reallocation of labor that affects social capital modifying the responsiveness of labor to a technological shock has implications for both labor efficiency and social capital

measuring changes in poverty a methodological case study of indonesia during an adjustment period analysis of the effects of policy changes on the poor is often hindered by the difficulties inherent in measuring poverty and comparing levels of poverty before and after policy changes this article outlines two techniques which can overcome many of these measurement problems stochastic dominance conditions which can facilitate a robust poverty ranking of distributions of living standards and a decomposable poverty index which allows measured changes in aggregate poverty to be disaggregated into their various components such as the changes among population subgroups and growth and redistributive components these techniques can be applied to a wide range of indicators of economic well being and poverty lines and to assumptions about the poor the approaches are illustrated using household survey data from indonesia before and after external shocks and the subsequent structural adjustment program in the mid 1980s the study finds that favorable initial conditions and pro poor pattern of growth enabled indonesia to maintain its momentum in poverty alleviation during the period

food poverty profile applied to kenyan smallholders that can be used to test conflicting hypotheses this paper analyzes data from the first kenyan integrated rural survey irs i household expenditure data collected by the central bureau of statistics to estimate the magnitude distribution of and factors associated with food poverty among kenyan small farmers the analysis uses a new methodology with three improvements over previous empirical studies 1 food poverty is estimated using an additively decomposable measure that allows poverty to be distributed among population subgroups 2 the food poverty line is based on observed dietary preferences in response to regional food prices and 3 the food poverty measure is adjusted to use regional food poverty lines without sacrificing its theoretical properties or decomposability this paper consists of two main parts section ii reviews the methodology underlying the setting of the regional food poverty line on the basis of a detailed integrated rural survey of kenyan smallholders the cost of food consumption corresponding to the recommended dietary allowance rda of calories is computed since this food poverty line was calculated on the basis of the observed diet consumed it presumably reflects the prevailing regional food preferences and prices faced by households consuming around the calorie rda level the next part of section ii presents a food poverty measure that in addition to satisfying the major fundamental properties of such measuresis decomposable and allows regional food poverty deprivation to be estimated

prosperity without conflict abstract social conflict and slow growth are features of many developing economies this paper considers the role institutions of property rights and conflict management can play in both achieving prosperity and mitigating conflict in these economies we study how introducing conflict over economic distribution into an otherwise standard model of growth can shape optimal second best taxation policy when diversionary activities cannot be taxed in this context we find that the maximization of economic efficiency may call for a reduction in growth in order to mitigate the problem of diversion even though the economy s growth is inefficiently slow in the absence of taxation this is so when institutional quality is sufficiently poor but not otherwise the paper warns against the conventional justification of growth promoting policies on efficiency grounds independently of institutions

economic theories of the firm past present and future we explore the current state of the theory of the firm with attention to its historical origins answers to the crucial theoretical question of why an organization controlled by a central authority cannot always duplicate the performance of a decentralized organization are presented finally we describe some important current directions in the theory of the firm and point out promising avenues for continuing research

how robust is a poverty profile comparison of poverty such as when poverty is greatest typically matter far more for policy choices than do aggregate measures of poverty such as how many people are deemed poor the authors examine alternative methods for constructing poverty profiles focusing on their internal consistency and appropriateness for guiding policy none is perfect but some methods appear to be preferable to others when the aim is to inform policies for fighting absolute consumption poverty a case study on indonesia reveals that the country s regional and sectoral poverty profile is highly sensitive to some aspects of measurement but quite robust to others

distributive justice corruption and entrepreneurial behavior this article introduces equity theory to the economic growth literature to examine whether a relationship exists between perceptions of distributive justice and the productivity of entrepreneurial behavior using survey responses from 317 entrepreneurs in india we find that productive entrepreneurship is positively related to distributive justice perceptions but negatively related to perceptions that corruption is pervasive in contrast nonproductive forms of entrepreneurship are negatively related to distributive justice but positively related to corruption unexpectedly the findings also show that corruption mediates the relationship between distributive justice and legal entrepreneurial behavior while distributive justice mediates the relationship between corruption and illegal entrepreneurial behavior we conclude with a discussion of the study s findings and their implications for entrepreneurship and economic growth

effective property rights conflict and growth abstract this paper shows how the interaction between conflict and growth can give rise to a nonmonotone relationship between property rights and social welfare this interaction is illustrated in a model of endogenous growth in which equilibrium diversion of resources is the cost of securing effective property rights a symmetric equilibrium allocation associated with more secure property rights and faster growth can be pareto dominated by one associated with poorer property rights and slower growth faster growth can exacerbate the problem of diversion whenever property rights are sufficiently poor these results call for caution before a society decides to pursue economic growth independently of the institutional structure of property rights furthermore if this structure is inappropriate piecemeal reform might not be in the interest of society and a substantial reform might be necessary if it is to be welfare improving

how to promote the growth of new energy industry at different stages abstract china is currently the world s largest emitter of carbon dioxide co2 vigorously developing new energy sources has become an important way to reduce co2 emissions therefore more and more scholars have studied effective ways to promote the development of new energy industry however most of the existing research use single equation linear models or static models to study the driving forces of the new energy industry this not only ignores the large number of dynamic relationships between economic variables but also produces endogeneity problems in order to overcome the shortcomings of existing research this paper uses vector autoregressive model to study the new energy industry the results show that energy consumption structure has a positive effect on the new energy industry in the short run but the effect is limited in the long run the impact of the agriculture industry is gradually narrowing over time due to the gradual reduction of crop acreage however the influence of economic growth is positive both in the short and long run this is due to the gradual optimization of industrial structure technological progress produces a similar impact owing to continued investment in research and development funding as well as research and development personnel

freely disposable time a time and money integrated measure of poverty and freedom summary this paper develops tests and discusses a metric for livelihood assessment that integrates cash flow and time use households it expresses how much time the household adults have left after satisfying the household s basic needs e g for food sleep care consumables and leisure this freely disposable time fdt may be put to any use available and allowed in the local context such as above basic leisure work to acquire above basic consumer goods or investments in the future such as education or soil conservation thus fdt represents people s freedoms and a key condition for any out of poverty strategy the fdt methodology is illustrated with a number of characteristic livelihood strategies and tested on peri urban farming livelihoods in india and some typical dutch households the fdt outcomes methodology strengths and limitations are compared with those of an allied discretionary time indicator paired time money indicators and purely monetary e g income or expenditure indicators of poverty and welfare

sectoral growth and poverty alleviation a multiplier decomposition technique applied to south africa abstract how does an increase in a sector s output affect poverty alleviation in this paper a multiplier decomposition for a socioeconomic system represented by a social accounting matrix sam is used to study this linkage the decomposition applied to south africa reveals that growth in agriculture services and some manufacturing sectors can alleviate poverty for the black african population for sectoral growth to be effective however the need for appropriate skill acquisition for the poor must be addressed directly only long term policies geared towards improving both economic growth and the human capital stock of the poor can lead to significant poverty alleviation

false promise or false premise the experience of food and input market reform in eastern and southern africa abstract the literature on the effects of agricultural market reform in africa is sharply divided and inconsistent this article attempts to reconcile opposing viewpoints on the effects of food and input market policy reform in eastern and southern africa drawing from studies of ethiopia kenya malawi zambia and zimbabwe we argue that a major source of the controversy stems from assumptions that countries have actually moved to a liberalized market environment we find that many of the most fundamental elements of the reform programs either remain unimplemented were reversed within several years or were implemented in such a way as to negate private sector investment incentives a framework is developed for explaining why some countries have been able to liberalize their food and fertilizer markets while others have not these findings have implications for how donor assistance and policy oriented research can more constructively contribute to an improved policy environment

the shifting scully curve international evidence from 1871 to 2016 scully curves estimating growth maximizing public sector size are constructed using panel data covering 17 industrialized nations from 1870 2016 results suggest that government expenditure to gdp

china s sovereign wealth fund investments in overseas energy the energy security perspective abstract sovereign wealth funds swfs are state owned investment funds that invest in real and financial assets since the global financial crisis in 2008 swfs investments have resulted in national security concerns of host countries because swfs continue to expand rapidly and have become increasingly active in real time strategic transactions given this background china which has the biggest swf in the world is facing severe challenges of energy resources shortages while its plan is to accomplish social and economic development goals energy security is a key driving force of the energy investment policy of china s swfs this makes the swf investments more complicated and more politically sensitive the combination of sovereign rights and the strategic importance of energy also makes geopolitics more complicated and brings more uncertainty to swf investments this article explores the relationship between energy security and energy investments of china s swfs it is recognised that the energy investment of swfs must follow a sustainable path to coordinate energy security economic growth return on investment and national security concerns government policymakers are urged to balance the financial and political returns on swfs against potential negative effects the conclusion presents insights for policymakers energy scholars and swf researchers

institutions transaction costs and economic growth this essay develops a theoretical framework which explores the historical obstacles to economic growth these obstacles are examined in the context of the political economic institutional framework of economies in history and consequent transaction costs that determine economic performance and growth the essay concludes with specific suggestions for the study of economic growth

poverty in bangladesh measurement decomposition and intertemporal comparison this article using the methodology developed by foster greer and thorbecke to measure and decompose poverty provides estimates of the levels of poverty in rural and urban areas in bangladesh it investigates in the context of bangladesh the most powerful effect of poverty in terms of a shortfall in food for daily calorie intake by the poor it provides intertemporal comparison of poverty and its decomposition among subgroups it also makes comparisons between the results obtained in this study with those currently available the results of the study show a significant improvement in poverty situations in rural areas from 1982 to 1986 the article also discusses the policy implications of its findings

a model of constructing the poverty line abstract this paper proposes a model which defines the poverty line as that level of expenditure at which all caloric and nutrient shortfalls are eliminated where requirements with respect to these are tailored to the age sex occupation characteristics of each household the methodology avoids all the allegations of subjectivity and conceptual circularity levelled against the traditional methods an application of the model to the nss data for indian punjab demonstrates the computational simplicity and easy identifiability of the poverty line

flows funds and the complexity of deprivation using concepts from ecological economics for the study of poverty abstract poverty has been increasingly conceptualized as being multidimensional involving deprivation in many dimensions of life this paper discusses issues and implications of multidimensional poverty by adopting concepts commonly used in ecological economics in particular poverty is approached as an irreducible complex phenomenon for which many legitimate but non equivalent descriptions exist issues of social and technical incommensurability are illustrated for different meanings and measurement types of poverty georgescu roegen s flow fund framework is interpreted informed by the capability approach of amartya sen the paper argues that a predominant focus on flows as a proxy to analyze poverty represents rather a short term perspective on access to satisfiers to fulfill particular needs contrary to that focusing on valued funds may provide useful information for the analysis of capabilities that persons and societies might pursue in the long term furthermore it is argued that strong poverty alleviation needs to adopt analytical tools that can deal with non trade off cases improvements in one poverty dimension cannot always compensate for the deterioration of other poverties this implies to rethink the usefulness of aggregate multidimensional poverty indices as well as the predominant use of income measures

the contractual nature of the firm for their helpful comments i am grateful to armen a alchian yoram barzel keith leffler john s mcgee and dean worcester 1 ronald h coase the nature of the firm 4 economica 386 1937 the paper however was written several years earlier see note 3 infra 2 the social sciences citation index provides the following information breaking down the period of 1966 80 into three five year periods the total citations of coase s firm paper for each subperiod are 1966 70 17 citations 1971 75 47 citations and 1976 80 105 citations

the impact of climate conditions on economic production evidence from a global panel of regions abstract we present a novel data set of subnational economic output gross regional product grp for more than 1500 regions in 77 countries that allows us to empirically estimate historic climate impacts at different time scales employing annual panel models long difference regressions and cross sectional regressions we identify effects on productivity levels and productivity growth we do not find evidence for permanent growth rate impacts but we find robust evidence that temperature affects productivity levels considerably an increase in global mean surface temperature by about 3 5 c until the end of the century would reduce global output by 7 14 in 2100 with even higher damages in tropical and poor regions updating the dice damage function with our estimates suggests that the social cost of carbon from temperature induced productivity losses is on the order of 73 142 tco2 in 2020 rising to 92 181 tco2 in 2030 these numbers exclude non market damages and damages from extreme weather events or sea level rise

signalling inequality and the social structure this paper proposes a theory of endogenous transmission of social status through signalling in the labour market a signalling game is analysed in which education acting as a signalling good determines one s position in society the economy s degree of inequality is shown to be a determinant of whether a society is aristocratic where high income is the source of social standing or meritocratic bestowing status on high ability each social structure shows a different balance between production efficiency and social factors such as equality or mobility

government size and growth a survey and interpretation of the evidence the literature on the relationship between the size of government and economic growth is full of seemingly contradictory findings this conflict is largely explained by variations in definitions and the countries studied an alternative approach of limiting the focus to studies of the relationship in rich countries measuring government size as total taxes or total expenditure relative to gdp and relying on panel data estimations with variation over time reveals a more consistent picture the most recent studies find a significant negative correlation an increase in government size by 10 percentage points is associated with a 0 5 to 1 percent lower annual growth rate we discuss efforts to make sense of this correlation and note several pitfalls involved in giving it a causal interpretation against this background we discuss two explanations of why several countries with high taxes seem able to enjoy above average growth one hypothesis is that countries with higher social trust levels are able to develop larger government sectors without harming the economy another explanation is that countries with large governments compensate for high taxes and spending by implementing market friendly policies in other areas both explanations are supported by ongoing research

the robustness of poverty profiles reconsidered poverty measures and profiles are used increasingly to guide antipoverty policies in low income countries an essential element in these analyses is the specification of a poverty line however there are many different methods for setting poverty lines and different methods can yield strikingly different results with correspondingly different policy implications using recent household survey data from mozambique this paper explores the differences that occur using the most common poverty line methodologies the food energy intake fei and the cost of basic needs cbn methods over different levels of geographic specificity we find that regional and provincial rankings of foster greer and thorbecke poverty indices are not robust to the method of poverty line determination but that the characteristics of the poor are reasonably similar under all methods the fei poverty lines often yield counterintuitive results whereas the family of cbn poverty lines was more robust food consumption patterns of the poor show a high degree of substitution among basic staples from one region to another which is consistent with observed differences in relative food prices indicating that cbn poverty lines that allow for regional variation in the food consumption bundle may be most appropriate in these settings

empirical advances in political economy editor s note i wish to thank coeditor mark zupan who took responsibility for organizing and implementing both the special symposium on public choice and the processing of papers through the refereeing and editorial process for this special section on behalf of all the editors i also would like to express thanks to carolyn williams editorial coordinator for taking on yet another responsibility in arranging the conference symposium meetings and the management of the files the symposium on public choice was held at lake tahoe during the 1993 we a meetings the many efforts of authors referees editors and staff have resulted in an exciting complement to this year s economic inquiry offerings