Why Economists Reject Long-Term Fisheries Management Plans?

Most fisheries agencies conduct biological and economic assessments independently. This independent conduct may lead to situations in which economists reject management plans proposed by biologists. The objective of this study is to show how to find optimal strategies that may satisfy biologists and economists' conditions. In particular we characterize optimal fishing trajectories that maximize the present value of a discounted economic indicator taking into account the age-structure of the population as in stock assessment methodologies. This approach is applied to the Northern Stock of Hake. Our main empirical findings are: i) Optimal policy may be far away from any of the classical scenarios proposed by biologists, ii) The more the future is discounted, the higher the likelihood of finding contradictions among scenarios proposed by biologists and conclusions from economic analysis, iii) Optimal management reduces the risk of the stock falling under precautionary levels, especially if the future is not discounted to much, and iv) Optimal stationary fishing rate may be very different depending on the economic indicator used as reference.

Consumer Confidence and Yield Spreads in Europe

This paper shows the extraordinary capacity of yield spreads to anticipate consumption growth as proxy by the Economic Sentiment Indicator elaborated by the European Commission in order to predict turning points in business cycles. This new evidence complements the well known results regarding the usefulness of the slope of the term structure of interest rates to predict real economic conditions and, in particular, recessions by using a direct measure of expectations. A linear combination of European yield spreads explains a surprising 93.7% of the variability of the Economic Sentiment Indicator. Yield spreads seem to be a key determinant of consumer confidence in Europe.

Does the Term Spread play a role in the FED's reaction function? An Empirical Investigation

Using US data for the period 1967:5-2002:4, this paper empirically investigates the performance of a Fed’s reaction function (FRF) that (i) allows for the presence of switching regimes, (ii) considers the long-short term spread in addition to the typical variables, (iii) uses an alternative monthly indicator of general economic activity suggested by Stock and Watson (1999), and (iv) considers interest rate smoothing. The estimation results show the existence of three switching regimes, two characterized by low volatility and the remaining regime by high volatility. Moreover, the scale of the responses of the Federal funds rate to movements in the rate of inflation and the economic activity index depends on the regime. The estimation results also show robust empirical evidence that the importance of the term spread in the FRF has increased over the sample period and the FRF has been more stable during the term of office of Chairman Greenspan than in the pre-Greenspan period.

The role of the term spread in an augmented Taylor rule: An empirical investigation

Using US data for the period 1967:5-2002:4, this paper empirically investigates the performance of an augmented version of the Taylor rule (ATR) that (i) allows for the presence of switching regimes, (ii) considers the long-short term spread in addition to the typical variables, (iii) uses an alternative monthly indicator of general economic activity suggested by Stock and Watson (1999), and (iv) considers interest rate smoothing. The estimation results show the existence of switching regimes, one characterized by low volatility and the other by high volatility. Moreover, the scale of the responses of the Federal funds rate to movements in the term spread, inflation and the economic activity index depend on the regime. The estimation results also show robust empirical evidence that the ATR has been more stable during the term of office of Chairman Greenspan than in the pre-Greenspan period. However, a closer look at the Greenspan period shows the existence of two alternative regimes and that the response of the Fed funds rate to inflation has not been significant during this period once the term spread is considered.

Benchmarking en responsabilidad social corporativa. El caso de las empresas gallegas

[ES] En el presente trabajo se realiza una revisión del concepto de responsabilidad social. Posteriormente se analizan las posibilidades y problemas de la utilización del benchmarking en RSE haciendo un análisis de las últimas investigaciones que desarrollaron algún método de benchmarking. A partir de ese análisis se propone un indicador homogéneo que evalúa 68 aspectos relacionados con los diferentes stakeholders implicados en RSE. También se recoge información sobre la importancia otorgada por las empresas encuestadas a estos aspectos.

Respuesta a la sequía de Pinus radiata D. Don y su implicación en los procesos de tolerancia

160 p. (Bibliogr. 141-160)

Modeling the Links between Biodiversity, Ecosystem Services and Human Wellbeing in the Context of Climate Change: Results from an Econometric Analysis on the European Forest Ecosystems

25 p.

Macroeconomía y medio ambiente: El PIB como medida de bienestar

Este Trabajo de Fin de Grado estudia el uso del Producto Interior Bruto (PIB) como medida de bienestar. Al tiempo que se realiza el análisis de la contabilidad nacional y, en mayor profundidad del PIB, se detallan algunas medidas alternativas. Éstas han surgido como consecuencia de la búsqueda de indicadores que incluyan en sus mediciones, no solo el crecimiento económico, sino también otra serie de variables que son relevantes y que el PIB no contempla (como los recursos naturales, la contaminación, la calidad de vida o la igualdad en la distribución de la renta de un país, por ejemplo). Así, surgen nuevos indicadores como el PIB ambientalmente ajustado, el Índice de Mejor Vida, el Índice de Progreso Genuino o la Huella Ecológica, entre otros. Como resultado de este análisis se concluye que la medida que mejor refleja el bienestar depende del objetivo específico que se busque investigar. En otras palabras, hoy en día ninguna medida es capaz de contestar todas las preguntas relacionadas con el bienestar de la población. Sin embargo, el PIB no está configurado –ni fue creado- como una medida de bienestar de un país. Por lo tanto, actualmente es preciso acompañar la información de este indicador con la de otros alternativos de tal manera que podamos tener una imagen más completa sobre el nivel de bienestar de un país.

Osteometric analysis of the scapula and humerus of Rangifer tarandus and Cervus elaphus : A contribution to the discrimination of Late Pleistocene cervids

Fossil remains of reindeer (Rangifer tarandus) occurring outside their present range are an important indicator of formerly cold climatic conditions, but are easily confused with those of the red deer (Cervus elaphus). The locality of Kiputz IX has yielded one of the best-preserved Late Pleistocene reindeer populations of the southern Pyrenees, occurring in association with Bison priscus and the much more abundant Cervus elaphus. Fossil remains from this site are mostly complete and not affected by human intervention, thus creating the perfect conditions for reliable osteometric analyses. Here, we quantify diagnostic morphological features of the scapula and the humerus of Cervus elaphus and Rangifer tarandus to establish the potential of these bones to aid in interspecific discrimination. In the case of the scapula, the best species discriminator is the ratio of the minimum anteroposterior diameter of the scapular neck and the development of the articular process, while the breadth of the trochlea is the best discriminator in the case of the humerus.

Mechanisms involved in Escherichia coli and Serratia marcescens removal during activated sludge wastewater treatment

Wastewater treatment reduces environmental contamination by removing gross solids and mitigating the effects of pollution. Treatment also reduces the number of indicator organisms and pathogens. In this work, the fates of two coliform bacteria, Escherichia coli and Serratia marcescens, were analyzed in an activated sludge process to determine the main mechanisms involved in the reduction of pathogenic microorganisms during wastewater treatment. These bacteria, modified to express green fluorescent protein, were inoculated in an activated sludge unit and in batch systems containing wastewater. The results suggested that, among the different biological factors implied in bacterial removal, bacterivorous protozoa play a key role. Moreover, a representative number of bacteria persisted in the system as free-living or embedded cells, but their distribution into liquid or solid fractions varied depending on the bacterium tested, questioning the real value of bacterial indicators for the control of wastewater treatment process. Additionally, viable but nonculturable cells constituted an important part of the bacterial population adhered to solid fractions, what can be derived from the competition relationships with native bacteria, present in high densities in this environment. These facts, taken together, emphasize the need for reliable quantitative and qualitative analysis tools for the evaluation of pathogenic microbial composition in sludge, which could represent an undefined risk to public health and ecosystem functions when considering its recycling.

La igualdad de género en el seguro de enfermedad

El presente trabajo tiene como objetivo estudiar la relevancia del uso del sexo a la hora de tarificar y calcular prestaciones en el seguro de salud en base a la promulgación de la Directiva 2004/113/CE, que prohíbe su utilización al considerarlo discriminatorio. Se analiza el valor de la variable sexo como indicador del perfil de riesgo de los consumidores en el seguro de enfermedad, haciendo hincapié en el ámbito del gasto obstétrico, en las primas de las mujeres en edad de embarazo y en el empleo de factores alternativos razonables que determinen el riesgo. Se estudian a su vez los efectos y consecuencias de la Directiva 2004/113/CE y la sentencia Test-Achats en el ámbito asegurador, así como el impacto producido concretamente en la tarificación y suscripción de los seguros de salud en España, analizando la evolución del sector durante el periodo de implantación de dichos documentos.

Dendrorremediación: El uso de Betula alba para monitorizar y reducir el contenido de metales en suelos mineros.

[EN] The intense industrial activity that took place over the past century resulted in large contaminated áreas. This is an important risk to human health and environmental safety. Recent biotechnological techniques for bioremediation include phytoremediation, which uses plants to remove or stabilize contaminants in soils. In our study we choose birch (Betula alba) as the preferred species to remedy mining soils, due to it produces a large biomass and can accumulate high levels of toxic elements in its tissues. The aim of this study was (i) to determine the possibility of using this species in reforestation and/or remediation of mining soils (ii) to elucidate the potential of tocopherol levels as indicators of heavy metal pollution. Trees growing in mining soils with high concentrations of Zn, Cd and Pb were sampled and the metal content in various organs and in tree rings was analyzed. α-tocoferol levels were also analyzed as an indicator of stress. The results showed a different distribution of metals in plant tissues. Zn and Cd had a higher accumulation in leaves, whereas Pb was stored in the timber. In addition, the metal content in tree rings was higher in older rings, leading to a conclusion that older tissues present a detoxification strategy. Furthermore, we saw how the presence of α- tocoferol on branches can be an indicator of metal stress in plants and it can be also used as a monitoring factor.

Efecto del glifosato en la morfologia del tubo dogestivo y en la actividad acetilcolinesterasa de la lombriz Eisenia fetida

[EUS] Gaur egun produktu kimiko ugari erabiltzen dira nekazaritzaren produktibitatea emendatzeko eta modu honetan nekazaritza-produktuen etekin eta kalitatea hobetzeko asmoz. Hala ere, produktu kimiko hauek ekosisteman izan ditzaketen hilgarriak ez diren eraginak askotan ez dira kontuan hartzen. Azken urteotan osagai aktibo gisa glifosatoa duten herbiziden erabilera emendatu da. Lan honetan, glifosatoak ingurunean sor ditzakeen eraginak ikertu nahi izan dira, lurzoruan oso ugaria den Eisenia fetida zizarea adierazle biologiko gisa erabiliz. Esperimentuan 10 indibiduo helduz osaturiko 4 populazio erabili ziren, zeinak 14 egunez tratamendu desberdinetan ezarri ziren (kontrola, 50, 500 eta 5000 mg glifosato/Kg lur lehor). Glifosato kontzentrazio desberdinek ez zuten zizareen hilkortasunean edo pisuaren aldaketan eraginik izan. Hala ere, digestio-hodiaren epitelioaren morfologian eta azetilkolinesterasaren jardueran aldaketak behatu ziren. Glifosato kontzentrazio baxueneko ontziko zizareetan digestio-hodiko epitelioaren altueraren uniformetasun falta behatu zen, glifosato kontzentrazio ertaineko ontziko zizareetan orokorrean epitelioaren altuera txikiagoa zen, eta glifosato kontzentrazio handieneko ontziko zizareetan digestio-hodien borobiltasuna eta epitelioaren jarraitasuna galdu zen. Azetilkolinesterasaren jardueraren murrizpena behatu zen glifosatodun lurretan egondako zizareetan. Esperimentu honetan erabilitako glifosato kontzentrazioek zizareengan hilgarriak ez diren aldaketak sortzen dituzte, aztertutako biomarkatzaileak etorkizuneko ekotoxikologia testetan erabilgarriak izan daitezkeelarik.