Fiscal Policy and Economic Stability: Does PIGS stand for Procyclicality In Government Spending?

The Financial Crisis has hit particularly hard countries like Ireland or Spain. Procyclical fiscal policy has contributed to a boom-bust cycle that undermined fiscal positions and deepened current account deficits during the boom. We set up an RBC model of a small open economy, following Mendoza (1991), and introduce the effect of fiscal policy decisions that change over the cycle. We calibrate the model on data for Ireland, and simulate the effect of different spending policies in response to supply shocks. Procyclical fiscal policy distorts intertemporal allocation decisions. Temporary spending boosts in booms spur investment, and hence the need for external finance, and so generates very volatile cycles in investment and the current account. This economic instability is also harmful for the steady state level of output. Our model is able to replicate the relation between the degree of cyclicality of fiscal policy, and the volatility of consumption, investment and the current account observed in OECD countries.

An investigation of the organization of canoe fisheries in Nigeria: A case study of Ilaje/Esedo local government area of Ondo State

The effects of some socio-economic variables on the performance of artisanal fishermen were investigated. The variables include the age-structure of the fishermen, level of investment, educational background, membership of co-operative societies and marketing arrangements. All these variables were found to be crucial to productivity in the artisanal fishing sector

Managing and resisting ‘degeneration’ in employee-owned businesses: a comparative study of two large retailers in Spain and the UK

Employee-owned businesses have recently enjoyed a resurgence of interest as possible ‘alternatives’ to the somewhat tarnished image of conventional investor-owned capitalist firms. Within the context of global economic crisis, such alternatives seem newly attractive. This is somewhat ironic because, for more than a century, academic literature on employee-owned businesses has been dominated by the ‘degeneration thesis’. This suggested that these businesses tend towards failure – they either fail commercially, or they relinquish their democratic characters. Bucking this trend and offering a beacon - especially in the UK - has been the commercially successful, co-owned enterprise of the John Lewis Partnership (JLP) whose virtues have seemingly been rewarded with favourable and sustainable outcomes. This paper makes comparisons between JLP and its Spanish equivalent Eroski – the supermarket group which is part of the Mondragon cooperatives. The contribution of this paper is to examine in a comparative way how the managers in JLP and Eroski have constructed and accomplished their alternative scenarios. Using longitudinal data and detailed interviews with senior managers in both enterprises it explores the ways in which two large, employee-owned, enterprises reconcile apparently conflicting principles and objectives. The paper thus puts some new flesh on the ‘regeneration thesis’.

Policy analysis of shoreline restoration options on private shorelines of Puget Sound

Puget Sound shorelines have historically provided a diversity of habitats that support a variety of aquatic resources throughout the region. These valued natural resources are iconic to the region and remain central to both the economic vitality and community appreciation of Puget Sound. Deterioration of upland and nearshore shoreline habitats, have placed severe stress on many aquatic resources within the region (PSAT, 2007). Since a majority of Washington State shorelines are privately owned, regulatory authority to legislate restoration on private property is limited in scope and frequency. Washington States’ Shoreline Management Act (RCW 90.58) requires local jurisdictions to plan for appropriate future shoreline uses. Under the Act, future development can be regulated to protect existing ecological functions, but lost functions cannot be restored without purchase or compensation of restored areas. Therefore, questions remains as to the ecological resilience of the region when considering cumulative effect of existing/ongoing shoreline development constrained by limited shoreline restoration opportunities. In light of these questions, this analysis will explore opportunities to promote restoration on privately owned shorelines within Puget Sound. These efforts are intended to promote more efficient ecosystem management and improve ecosystem-wide ecological functions. From an economics perspective, results of past shoreline management can generally be characterized as both market and government failure in effectively protecting the publics’ interest in maintaining healthy shoreline resources. Therefore coastal development has proceeded in spite of negative externalities and market imbalances resulting in inefficient resource management driven by the individual ambitions of private shoreline property owners to develop their property to their highest and best use. Federally derived property rights will protect continuation of existing uses along privately owned shorelines; therefore, a fundamental challenge remains in sustainable management of existing shoreline resources while also restoring ecological functions lost to past mistakes in an effort to increase the ecologic resiliency within the region. (PDF contains 5 pages)

The political econmoy of state government debt : an analysis of constitutional limitations (1961-1990)

Over the past decade, scholarly interest concerning the use of limitations to constrain government spending and taxing has noticeably increased. The call for constitutional restrictions can be credited, in part, to Washington's apparent inability to legislate any significant reductions in government expenditures or in the size of the national debt. At the present time, the federal government is far from instituting any constitutional limitations on spending or borrowing; however, the states have incorporated many controls on revenues and expenditures, the oldest being strictures on full faith and credit borrowing. This dissertations examines the efficacy of these restrictions on borrowing across the states (excluding Alaska) for the period dating from 1961 to 1990 and also studies the limitations on taxing and spending synonymous with the Tax Revolt.

We include socio-economic information in our calculations to control for factors other than the institutional variables that affect state borrowing levels. Our results show that certain constitutional restrictions (in particular, the referendum requirement and the dollar debt limit) are more effective than others. The apparent ineffectiveness of other limitations, such as the flexible debt limit, seem related to the bindingness of the limitations in at least half of the cases. Other variables, such as crime rates, number of schoolage children, and state personal income do affect the levels of full faith and credit debt, but not as strongly as the limitations. While some degree of circumvention can be detected (the amount of full faith and credit debt does inversely affect the levels of nonguaranteed debt), it is so small when compared to the effectiveness of the constitutional restrictions that it is almost negligible. The examination of the tax revolt era limitations yielded quite similar conclusions, with the additional fact that constitutional restrictions appear more binding than statutory ones. Our research demonstrates that constitutional limitations on borrowing can be applied effectively to constrain excessive borrowing, but caution must be used. The efficacy of these restrictions decrease dramatically as the number of loopholes increase.

Poverty alleviation among fishermen within the floodplains of Kaduna River: implication for introducing commercial fish farming at village level in Doko local government area of Niger State, Nigeria

A diagnostic survey was conducted among the fishermen in six selected villages in Doko Local Government Area of Niger State. One hundred and fifty fishermen were randomly selected and interviewed to find out whether or not they had interest in commercial fish farming aimed at improving their livelihood. The dwindling fish catches in the natural flood plain ponds and Ex-bow Lakes continue to have a serious negative effect on the socio-economic well being of the village communities in question. A break on natural regular annual flooding of the plains had resulted into very low natural fish recruitment. Data analysis using simple descriptive statistics revealed that land tenure system, educational status, inadequate infrastructural facilities, religious taboos, existing fish species among others were found to be favourable indices for commercial fish farming. However, serious conflicts among the fishermen concerning the ownership status of these natural fish ponds are found to be major obstacles to commercial fish farming despite that the traditional ownership of the ponds were vested in the lands of individuals and village communities. Extensive fish farming and small-scale fish farming in the ponds and Ex-bow Lake with improved management practices are considered to be profitable venture. Despite the fact that fish seeds supply and extension effort are still inadequate, the fish farmers have indicated willingness to adopt commercial fish farming in the Ex-bow Lakes and flood plains in order to restore abundant fish production thereby providing for their food security and also increasing the daily income

Impact assessment of Niger State fisheries legislation on fisheries conservation in Edozhigi local government area (L.G.A.) of Niger State

A preliminary survey was conducted among the fishermen in five selected villages in Edozhigi L.G.A. of Niger State. One hundred and fifty fishermen were randomly selected and interviewed to find out the impact of Niger State fisheries legislation on fisheries conservation resources in the area. The analysis of data collected using descriptive statistics indicated that undersized mesh of gill nets, beach seines and traps are being used unabated. Also, fenced barriers across the entrance of flood plain ponds and Ex-bow lakes from the main stream are in the area. The fisheries rules and regulations implementers are rarely seen or not seen at all in the area. The decreasing nature of fish catches was detected. It is observed that government policy on fish conversation is neglected due to inadequate or lack of funding for meaningful extension and implementation of the fisheries rules and regulations

Direitos de propriedade intelectual e saúde pública: das normas de regulação às práticas de exame de patentes na área farmacêutica no Brasil.

Este trabalho discute o patenteamento farmacêutico no Brasil por meio de análises dos exames de patentes propriamente ditos, com a entrada em vigor da atual lei da propriedade industrial (Lei 9.279/1996). Para a compreensão de como funciona o exame de patentes, parte-se da apresentação de conceitos basilares da propriedade industrial. É dado destaque à importância das patentes como fonte de informação tecnológica (pesquisa bibliográfica em bancos de patentes e para a recuperação das informações contidas nestes documentos). Neste ponto, apresenta-se um estudo sobre as patentes relacionadas ao efavirenz, por tratar-se de um caso excepcional na discussão sobre propriedade industrial e saúde pública; já que ele foi o primeiro medicamento licenciado compulsoriamente pelo Governo brasileiro (dentro da política de controle da epidemia da Aids). Em seguida, o problema da associação entre os direitos de propriedade industrial e o acesso a medicamentos é abordado em dois capítulos relevantes: i) as questões sobre a atenteabilidade de polimorfos de fármacos; e ii) os procedimentos técnicos adotados no exame de patentes farmacêuticas no âmbito da Coordenação de Propriedade Intelectual da ANVISA (COOPI-ANVISA) e do Instituto Nacional da Propriedade Industrial (INPI). De fato, o primeiro tratado internacional relativo à propriedade industrial, a Convenção da União de Paris (CUP, de 1883), já propugnava o princípio da independência das patentes, ou seja, que cada país tem liberdade para decidir sobre a patenteabilidade ou não dos diferentes produtos e processos de invenção. Mais tarde, o Acordo TRIPS (de 1995) não vedará aos países a adoção de escopos de proteção distintos, visando o equilíbrio entre os interesses públicos e privados em diferentes domínios tecnológicos, nos diferentes países. Finalmente, a Declaração de Doha, de 2001, prevê dispositivos flexibilizadores de modo a favorecer precisamente políticas de saúde e acesso a medicamentos pela utilização de salvaguardas dos direitos de propriedade intelectual no exame de pedidos de patentes. Conclui-se, neste trabalho, que aspectos técnicos e jurídicos inerentes ao patenteamento aliados à capacidade política de decisão em favor da implementação de flexibilidades no exame de pedidos patentes de fármacos e medicamentos podem ser mais ou menos favoráveis à saúde pública.

Economic analysis of the privatization of publicly-owned firms

modelo económico sobre la privatización de Telefónica

A regulação das patentes farmacêuticas no Brasil: entre saúde pública, política e direito

O objetivo geral da tese é aprofundar a reflexão sobre a regulação e o exame de qualidade de patentes farmacêuticas no Brasil, em um contexto de implantação de dispositivos legais conhecidos como TRIPS-Plus ao redor do mundo. Para isso, são discutidos os mecanismos jurídicos e políticos de proteção à saúde relacionados à propriedade intelectual. Analisam-se especificamente do ponto de vista sociológico as experiências de anuência prévia para pedidos de patentes envolvendo produtos e processos farmacêuticos da Agência Nacional de Vigilância Sanitária (Anvisa) e o uso do subsídio ao exame técnico. Em termos metodológicos, consideram-se as ações do Governo brasileiro entre 1996 a 2012, propostas de mudança da Lei de Propriedade Industrial brasileira e controvérsias ligadas a algumas modalidades de reivindicação, como polimorfos, patentes de seleção e segundo uso médico. As técnicas de pesquisa utilizadas também incluem o levantamento de material de imprensa, textos de leis, documentos e decretos relativos a medicamentos e propriedade intelectual, assim como de pedidos de patentes e de decisões judiciais concernindo à temática. Optou-se ainda por realizar entrevistas com gestores, examinadores de patentes, juristas e membros de ONGs. As conclusões indicam que as práticas regulatórias ligadas ao setor saúde não podem ser reduzidas ao simples corpo de regras formais presentes neste domínio, mas sim entendidas como agenciamentos entre atores, tipos distintos de saberes e de ferramentas de intervenção. A regulação dos direitos de propriedade intelectual relativos a produtos e processos farmacêuticos no Brasil está ligada a um processo, onde se verifica a disputa em torno de diferentes projetos e visões de mundo de grupos com maior ou menor poder para direcionar este processo. Os dispositivos da anuência prévia e do subsídio ao exame técnico apresentam-se como elementos reguladores da propriedade intelectual de medicamentos e de impacto sobre exame de qualidade de patentes farmacêuticas, contribuindo para a consideração de questões de saúde pública ao longo da concessão destas patentes.

Entre a tiramnya cruel e a pedra fundamental: a obrigatoriedade do ensino primário como uma técnica de governo de Minas Gerais

Os discursos políticos educacionais acerca da institucionalização da instrução elementar em Minas Gerais atravessaram todo o século XIX, apontando também como uma preocupação republicana, ora pelo discurso de impraticabilidade e ferimento aos direitos civis, ora pela defesa de seu caráter estatal e da argumentação de função civilizatória e disciplinar da população. Nesse sentido, pensar a compulsoriedade do ensino demanda uma compreensão da sua função social, o conhecimento dos agentes envolvidos e de seus interesses sobre tal medida de governo. De acordo com os defensores da obrigatoriedade do ensino no século XIX e início do XX, o intuito da educação seria formar cidadãos civilizados e instruídos. Tal perspectiva estava relacionada a um projeto de sociedade e de nação brasileira, para o qual era imprescindível formar, desde a infância, um povo disciplinado, um povo bem governado. O nosso objetivo foi analisar o tema da obrigatoriedade do ensino a partir do conceito foucaultiano de governamentalidade. Problematizando a ideia de que universalizar o acesso à educação representava apenas uma iniciativa de garantia de direitos, a hipótese que defendemos consiste na ideia de que o ensino obrigatório pode ter sido perspectivado enquanto uma estratégia de governo dos outros, de controle dos sujeitos. Partindo desse pressuposto, como efeito esperado, seria possível obter sujeito com outras atitudes, as atitudes derivadas da coação promovida pela escola. Ao legitimar a escola, o dispositivo da obrigatoriedade funcionaria como estratégia e produziria positividades. Por meio da escola e de seu caráter compulsório, tratava-se de atingir e gerir a população dos pequenos, de modo a equipá-la com os códigos mínimos do mundo civilizado, com os efeitos disciplinares correlatos.Para tanto, analisamos a legislação de Minas Gerais, impressos mineiros (Correio de Minas, Jornal do Commercio, Minas Livre, O Granbery) e a bibliografia acerca da obrigatoriedade da instrução primária, a fim de identificar traços do debate no Império e na passagem para a República, os quais foram problematizados à luz daquele conceito. A partir dessa discussão, concluímos que a obrigatoriedade do ensino é mais bem compreendida se analisada em outro registro que não seja meramente jurídico. Tal inferência aponta para a ampliação do quadro analítico acerca dessa política compulsória e dos interesses de Estado em torno dela.

The patents in the introduction of reinforced concrete in Spain: "Alhondiga de Bilbao" case study

Reinforced concrete structures are introduced in Spain mainly by French influence. This happens in the late nineteenth century, following the scheme operating through proprietary systems prevailing in Europe. Systems initially have poor scientific support reaching, even early twentieth century, an impediment to the development of concrete structures, due to the lack of knowledge shown, as well as due to a series of accidents. Therefore, from the end of the first decade of the past century are enacted a series of regulations in many countries, that will change the design and calculation of reinforced concrete structure. The knowledge of the environment of the patent systems, its beginnings and the circumstances of their application allow us to understand the constraints of the early concrete structures, as presented in the Bilbao wine store (1906).