Évaluation du financement public de la politique de protection sociale: Une lecture spéciale du Programme Ede Pèp

Sur demande du Gouvernement Haïtien, la Commission Économique des Nations-Unies pour l´Amérique Latine et la Caraïbe (CEPALC) a commandité une étude aux fins d’évaluer la situation actuelle du système de financement de la politique et des programmes de protection sociale en Haïti par l’État, et d’identifier les opportunités de mobilisation de nouvelles ressources.

"Evaluating the model of classification and valuation of disabilities used in Brazil and defining the elaboration and adoption of a unique model for all the country": Brazilian Interministerial Workgroup Task

The President of Brazil established an Interministerial Work Group in order to “evaluate the model of classification and valuation of disabilities used in Brazil and to define the elaboration and adoption of a unique model for all the country”. Eight Ministries and/or Secretaries participated in the discussion over a period of 10 months, concluding that a proposed model should be based on the United Nations Convention on the Rights of Person with Disabilities, the International Classification of Functioning, Disability and Health, and the ‘support theory’, and organizing a list of recommendations and necessary actions for a Classification, Evaluation and Certification Network with national coverage.

The secondary market for life insurance policies in the United States market evolution and product valuation

In this work we discuss the secondary market for life insurance policies in the United States of America. First, we give an overview of the life settlement market: how it came into existence, its growth prospects and the ethical issues it arises. Secondly, we discuss the characteristics of the different life insurance products present in the market and describe how life settlements are originated. Life settlement transactions tend to be long and complex transactions that require the involvement of a number of parties. Also, a direct investment into life insurance policies is fraught with a number of practical issues and entails risks that are not directly related to longevity. This may reduce the efficiency of a direct investment in physical policies. For these reasons, a synthetic longevity market has evolved. The number of parties involved in a synthetic longevity transaction is typically smaller and the broker-dealer transferring the longevity exposure will be retaining most or all of the risks a physical investment entails. Finally, we describe the main methods used in the market to evaluate life settlement investments and the role of life expectancy providers.

L’industrie cinématographique du Cameroun : évaluation et perspectives

L’industrie cinématographique africaine d’aujourd’hui connaît de grandes avancées dans de nombreux pays d’Afrique. Seulement, autant certains pays africains connaissent de grandes avancées, autant d’autres pays voient leur industrie cinématographique traîner le pas. Le Cameroun est un exemple qui illustre à souhait ces pays qui sont à la traîne. Deux constats s’imposent à nous dans ce cas d’espèce. D’un côté, le Ministère de la Culture semble s’essouffler par le rôle qui lui incombe. De ce fait, il est de moins en moins actif et très peu représenté sur le terrain. De l’autre côté, nous observons çà et là de multiples activités. Des festivals, de long et court métrages organisés par des camerounais, ainsi que des rencontres cinématographiques mises sur pied en partenariat avec les représentations culturelles de pays étrangers en présence sur le territoire. Ces initiatives diverses malgré l’atmosphère peu favorable du pays parviennent à impulser une certaine dynamique. Notons tout de même que ces actions restent cantonnées dans les deux principales villes que sont Yaoundé et Douala. Après ce bref aperçu du tableau cinématographique camerounais, deux questions s’imposent à nous : Quelle appréciation peut-on faire du cinéma au Cameroun aujourd’hui ? Quel avenir pour celui-ci ? Telles sont les deux préoccupations auxquelles nous essaierons d’apporter quelques éléments de réponses dans cette étude. // Mots clés : cinéma, Cameroun, bilan, perspectives, initiatives, industrie cinématographique.

Thoraxschmerzen bei Kindern und Jugendlichen - das Herz?

Chest pain in children and adolescents is a frequent observation, although potentially relevant disease is rather rare and then found in situations with acute presentation. In children with an inflammatory/infectious clinical context the differential diagnosis is oesophagitis, pleuropneumonia or pericarditis. Potentially dangerous complications may be found in youth with predisposing conditions for aortic dissection, pneumothorax or pulmonary embolism, or even in rare instances for an acute coronary complication. In these cases aggressive diagnostic work-up is mandatory. In the frequent elective outpatient evaluation of teenagers with long-lasting episodes of chest pain, relevant underlying cardiovascular disease only rarely can be found as the cause. In the elective outpatient evaluation for chest pain, usually patient history and clinical examination may be enough to track the problem, the main role of the physician is to provide reassurance with minimal but appropriate testing.

Using contingent valuation to estimate willingness to pay for improved water source in rural Uganda

This research was conducted in August of 2011 in the villages of Kigisu and Rubona in rural Uganda while the author was serving as a community health volunteer with the U.S. Peace Corps. The study used the contingent valuation method (CVM) to estimate the populations’ willingness to pay (WTP) for the operation and maintenance of an improved water source. The survey was administered to 122 households out of 400 in the community, gathering demographic information, health and water behaviors, and using an iterative bidding process to estimate WTP. Households indicated a mean WTP of 286 Ugandan Shillings (UGX) per 20 liters for a public tap and 202 UGX per 20 liters from a private tap. The data were also analyzed using an ordered probit model. It was determined that the number of children in the home, and the distance from the existing source were the primary variables influencing households’ WTP.

Investment Valuation with Tax-optimized Financing Decisions and a Tax-optimized Default Alternative

In this paper we evaluate an indivisible investment project that is carried out in a corporation under very simple premises. In particular, we discuss a one-period model with certainty, the pure domestic case and proportional tax rates. Surprisingly, the decision problem turns out to be rather complex if one has to make allowance for different taxation of the corporation and its owner. Altogether there are more than 10 cases that have to be distinguished if the firm's managers want to make a correct decision, depending on the relation of personal and corporate tax rates.

A Simple Accounting-based Valuation Model for the Debt Tax Shield

This paper describes a simple way to integrate the debt tax shield into an accounting-based valuation model. The market value of equity is determined by forecasting residual operating income, which is calculated by charging operating income for the operating assets at a required return that accounts for the tax benefit that comes from borrowing to raise cash for the operations. The model assumes that the firm maintains a deterministic financial leverage ratio, which tends to converge quickly to typical steady-state levels over time. From a practical point of view, this characteristic is of particular help, because it allows a continuing value calculation at the end of a short forecast period.