Wind Power in Maine: Balancing Conservation and Energy Production

An expedited permitting area has been created to facilitate the development of wind power projects in Maine. The purpose of this project was to investigate the impact of removing areas of conservation interest from the expedited permitting area. We found that the removal of these areas impacts the total wind potential of the state, in an amount proportional to the size of the area removed. The impact on the total wind potential ranged from 0.46-29.0% decrease, depending on the calculation scenario used. These findings may have implications for future policy decisions concerning wind power development.

A note on policy, the composition of public expenditures and economic growth

In this article we study the growth and welfare effects of fiscal and monetary policies in economies where public investment is part of the productive process we present four different models that share the same technology with public infrastructure as a separate argument of the production function. We show that growth is maximized at positive levels of income tax and inflation. However, unless there are no transfers or public goods in the economy, maximization of growth does not imply welfare maximization we show that the optimal tax rate is greater than the rate that maximizes growth and the optimal rate of money creation is below the growth maximizing rate. With public infrastructure in the production function we no longer obtain superneutrality in the Sidrausky model.

Welfare and fiscal policy with public goods and infrastructure

We construct and simulate a model to study the welfare and macroeconomic impact of government actions when its productive role is taken into account. The trade-off between public investment and public consumption is also investigated, since public consumption is introduced as a public good that directly affects individuals' well-being. Our results replicate econometric evidence showing that part of the observed slowdown of U.S. productivity growth can be explained by the reduction of investment in infrastructure which also implied a sizable welfare 1085 to the popu1ation. Depending on the methodology used we found a welfare cost ranging from 4.2% to 1.16% of GNP. The impact of fiscal policy can be qualitative and quantitative distinct depending on Whether we assume a higher or smaller output elasticity to infrastructure. If it is high enough, increases in tax rates may stimulate accumulation and production, which is the opposite prediction of standard ncocJassica1 models.

Economic Survey of Latin America and the Caribbean 2010-2011: Internacional integration and macroeconomic policy challenges amid global economic turmoil

Includes bibliography

Sustainable development: changing production patterns, social equity and the environment

Includes bibliography

Building SME competitiveness in the European Union and Latin America and the Caribbean: policy proposals by the private sector

Includes bibliography

E-commerce environment and trade promotion for Latin America: policy implications from East Asian and advanced economies' experiences

Includes bibliography

Theory and practice of industrial policy: evidence from the Latin American experience

Includes bibliography

Policy competition for foreign direct investment in the Caribbean Basin: Costa Rica, the Dominican Republic and Jamaica

Includes bibliography

Trade, direct investment and production policies

Includes bibliography

Market failure and technological policy

Includes bibliography

Industrial policy and promotion of competitiveness

Includes bibliography

Economic policy, institutions and productive development in Latin America

Includes bibliography

The importance of local production and small-scale enterprises for Latin American development

Includes bibliography

Science and technology policy and the National Innovation System in Argentina

Includes bibliography