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In this book, Watts examines why meat mattered to a growing number of Parisians and explores the political, economic and cultural matters of the meat trade in order to illuminate more fully the changing world of Old Regime Paris. In eighteenth century Paris, municipal authorities, guild officers, merchant butchers, stall workers, and tripe dealers pledged to provide a steady supply of healthful meat to urban elites and the working poor. 'Meat Matters' considers the formation of the butcher guild and family firms, debates over royal policy and regulation, and the burgeoning role of consumerism and public health. The production and consumption of meat becomes a window on important aspects of eighteenth-century culture, society, and politics, on class relations, and on economic change. Watts's examination of eighteenth-century market culture reveals why meat mattered to Parisians, as onetime subjects became citizens. Sydney Watts is assistant professor of history at the University of Richmond. She is currently working on the history of Lent and secular society in early modern France.
Meat industry and trade --- Butchers --- History --- Government policy --- Meat consumption --- Packing industry --- Food industry and trade --- Paris. --- economic change. --- eighteenth century. --- meat trade. --- social class.
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Intervention operations in the foreign exchange market are used by the Banco Central de Reserva del Peru to manage both the level and volatility of their exchange rates. The Banco Central de Reserva del Peru provides information to the market about the specific hours of the day interventions would take place and the total amount of intervention. It consistently buys and sells on the foreign exchange market to avoid large appreciations and depreciations of the Peruvian nuevo sol against the U.S. dollar (Sol/USD), respectively. The estimates in this paper indicate that past information on interventions has moved the sol in the intended direction but only during the time the Banco Central de Reserva del Peru has announced it would be active in the foreign exchange market. The authors also find that the expectation of future interventions by the Banco Central de Reserva del Peru decreases the volatility of the sol when it intervenes to avoid an appreciation of the sol; however, the opposite occurs when the intervention takes place to defend the sol from depreciation. Indeed, the sol has been less volatile during periods when the Banco Central de Reserva del Peru has intervened than otherwise.
Currencies and Exchange Rates --- Debt Markets --- Economic Change --- Economic Stabilization --- Emerging Markets --- Exchange Control --- Financial Services --- Foreign Exchange --- Macroeconomic Management --- Market Size --- Public Sector Development
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This study analyzes the long-term impacts of large-scale expansion of biofuels on land-use change, food supply and prices, and the overall economy in various countries or regions using a global computable general equilibrium model, augmented by a land-use module and detailed representation of biofuel sectors. The study finds that an expansion of global biofuel production to meet currently articulated or even higher national targets in various countries for biofuel use would reduce gross domestic product at the global level; however, the gross domestic product impacts are mixed across countries or regions. The expansion of biofuels would cause significant land re-allocation with notable decreases in forest and pasture lands in a few countries. The results also suggest that the expansion of biofuels would cause a reduction in food supply. Although the magnitude of the impact on food supply at the global level is not as large as perceived earlier, it would be significant in developing countries like India and those in Sub-Saharan Africa. Agricultural commodities such as sugar, corn, and oil seeds, which serve as the main biofuel feedstocks, would experience significant increases in their prices in 2020 compared with the prices at baseline due to the expansion of biofuels to meet the existing targets.
Agribusiness --- Cities --- Crops & Crop Management Systems --- Developing countries --- Economic change --- Energy --- Food & Beverage Industry --- Global trade --- Oil --- Renewable Energy --- Science and Technology Development --- Wetlands
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This paper proposes a novel method of isolating fluctuations in public spending that are likely to be uncorrelated with contemporaneous macroeconomic shocks and can be used to estimate government spending multipliers. The approach relies on two features unique to many low-income countries: (1) borrowing from the World Bank finances a substantial fraction of public spending, and (2) actual spending on World Bank-financed projects is typically spread out over several years following the original approval of the project. These two features imply that fluctuations in spending on World Bank projects in a given year are in large part determined by fluctuations in project approval decisions made in previous years, and so are unlikely to be correlated with shocks to output in the current year. World Bank project-level disbursement data are used to isolate the component of public spending associated with project approvals from previous years, which in turn can be used to estimate government spending multipliers, in a sample of 29 aid-dependent low-income countries. The estimated multipliers are small, reasonably precisely estimated, and rarely significantly different from zero.
Banks & Banking Reform --- Capital investment --- Debt Markets --- Domestic investment --- Economic change --- Economic growth --- Economic Stabilization --- Public Sector Development --- Public Sector Economics --- Urban Economics
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This paper provides evidence from eight developing countries of an inverse relationship between poverty and city size. Poverty is both more widespread and deeper in very small and small towns than in large or very large cities. This basic pattern is generally robust to choice of poverty line. The paper shows, further, that for all eight countries, a majority of the urban poor live in medium, small, or very small towns. Moreover, it is shown that the greater incidence and severity of consumption poverty in smaller towns is generally compounded by similarly greater deprivation in terms of access to basic infrastructure services, such as electricity, heating gas, sewerage, and solid waste disposal. The authors illustrate for one country-Morocco-that inequality within large cities is not driven by a severe dichotomy between slum dwellers and others. The notion of a single cleavage between slum residents and well-to-do burghers as the driver of urban inequality in the developing world thus appears to be unsubstantiated-at least in this case. Robustness checks are performed to assess whether the findings in the paper are driven by price variation across city-size categories, by the reliance on an income-based concept of well-being, and by the application of small-area estimation techniques for estimating poverty rates at the town and city level.
Cities --- City Development Strategies --- Developing countries --- Economic change --- Economic performance --- Growth rates --- Poverty Reduction --- Regional Economic Development --- Rural Poverty Reduction --- Subnational Economic Development
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Using panel data from Mozambique collected in 2007 and 2008, the authors explore the impact of the food crisis on the welfare of households living with HIV/AIDS. The analysis finds that there has been a real deterioration of welfare in terms of income, food consumption, and nutritional status in Mozambique between 2007 and 2008, among both HIV and comparison households. However, HIV households have not suffered more from the crisis than others. Results on the evolution of labor force participation suggest that initiation of treatment and better services in health facilities have counter-balanced the effect of the crisis by improving the health of patients and their labor force participation. In addition, the authors look at the effect of the change in welfare on the frequency of visits to a health facility of patients and on their treatment outcomes. Both variables can proxy for adherence to treatment. This is a particularly crucial issue as it affects both the health of the patient and public health, because sub-optimal adherence leads to the development of resistant forms of the virus. The paper finds no effect of the change in welfare on the frequency of visits, but does find that people who experienced a negative income shock also experienced a reduction or a slower progression in treatment outcomes.
Disease Control & Prevention --- Economic change --- Food & Beverage Industry --- Food Security --- Gender and Health --- Health Monitoring & Evaluation --- Health, Nutrition and Population --- Income --- Labor market --- Natural resources --- Output
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There has been a growing interest in what have come to be termed "multidimensional indices of poverty." Advocates for these new indices correctly point out that command over market goods is not all that matters to peoples' well-being, and that other factors need to be considered when quantifying the extent of poverty and informing policy making for fighting poverty. However, the author argues that there are two poorly understood issues in assessing these indices. First, does one believe that any single index can ever be a sufficient statistic for poverty assessments? Second, when aggregation is called for, should it be done in the space of "attainments," using prices when appropriate, or that of "deprivations," using weights set by the analyst? The paper argues that the goal for future poverty monitoring efforts should be to develop a credible set of multiple indices, spanning the dimensions of poverty most relevant to a specific setting, rather than a single multidimensional index. When weights are needed, they shouldn't be set solely by an analyst measuring poverty. Rather, they should be, as much as possible, consistent with well-informed choices made by poor people.
Achieving Shared Growth --- Debt Markets --- Domestic Market --- Economic Change --- Economic Reform --- Investment Criteria --- Market Access --- Markets and Market Access --- Poverty Reduction --- Rural Poverty Reduction --- Services & Transfers to Poor
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Do people care about income inequality and does income inequality affect subjective well-being? Welfare theories can predict either a positive or a negative impact of income inequality on subjective well-being and empirical research has found evidence on a positive, negative or non significant relation. This paper attempts to determine some of the possible causes of such empirical heterogeneity. Using a very large sample of world citizens, the author tests the consistency of income inequality in predicting life satisfaction. The analysis finds that income inequality has a negative and significant effect on life satisfaction. This result is robust to changes in regressors and estimation choices and also persists across different income groups and across different types of countries. However, this relation is easily obscured or reversed by multicollinearity generated by the use of country and year fixed effects. This is particularly true if the number of data points for inequality is small, which is a common feature of cross-country or longitudinal studies.
Comparator Countries --- Competitive Environment --- Economic Change --- Economic Theory & Research --- Income --- Inequality --- Poverty Impact Evaluation --- Poverty Monitoring & Analysis --- Public Sector Development --- Services & Transfers to Poor --- World Development Indicators
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Why do women engage in transactional sex? While much of the explanation is that sex-for-money pays more than other jobs, this paper uses a unique panel dataset constructed from 192 self-reported diaries of sex workers in Western Kenya to show that women who supply transactional sex develop relationships with regular clients, and that these clients send transfers in response to negative income shocks. Regular clients are the primary source of inter-person insurance that women receive, and women report in a separate survey that client transfers are an important reason that they participate in the market.
Adolescent Health --- Economic Change --- Gender and Health --- Gender and Law --- Income --- International Economics & Trade --- Labor Market --- Market Access --- Population & Development --- Population Policies --- Transaction Costs
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Why do women engage in transactional sex? While much of the explanation is that sex-for-money pays more than other jobs, this paper uses a unique panel dataset constructed from 192 self-reported diaries of sex workers in Western Kenya to show that women who supply transactional sex develop relationships with regular clients, and that these clients send transfers in response to negative income shocks. Regular clients are the primary source of inter-person insurance that women receive, and women report in a separate survey that client transfers are an important reason that they participate in the market.
Adolescent Health --- Economic Change --- Gender and Health --- Gender and Law --- Income --- International Economics & Trade --- Labor Market --- Market Access --- Population & Development --- Population Policies --- Transaction Costs
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