Bayesian estimation of the double hurdle model in the presence of fixed costs

We present a model of market participation in which the presence of non-negligible fixed costs leads to random censoring of the traditional double-hurdle model. Fixed costs arise when household resources must be devoted a priori to the decision to participate in the market. These costs, usually of time, are manifested in non-negligible minimum-efficient supplies and supply correspondence that requires modification of the traditional Tobit regression. The costs also complicate econometric estimation of household behavior. These complications are overcome by application of the Gibbs sampler. The algorithm thus derived provides robust estimates of the fixed-costs, double-hurdle model. The model and procedures are demonstrated in an application to milk market participation in the Ethiopian highlands.

Housing Policies in Latin America: overview of the four largest economies

The aim of this paper is to examine the differences and similarities in housing policies in the four Latin American countries of Argentina, Brazil, Chile and Colombia. The article uses the welfare regime approach, modified by a recognition of path dependence, to identify a number of phases that each country has passed through. However, attention is drawn to the substantial differences in the circumstances in each country and the extent and duration of the different phases. It is concluded that it can be beneficial to use the concept of a Latin American housing regime, but that this general picture has to be used with an understanding of the path dependence caused by the different context in the individual countries.

The ratio bias phenomenon: fact or artifact?

The ratio bias—according to which individuals prefer to bet on probabilities expressed as a ratio of large numbers to normatively equivalent or superior probabilities expressed as a ratio of small numbers—has recently gained momentum, with researchers especially in health economics emphasizing the policy importance of the phenomenon. Although the bias has been replicated several times, some doubts remain about its economic significance. Our two experiments show that the bias disappears once order effects are excluded, and once salient and dominant incentives are provided. This holds true for both choice and valuation tasks. Also, adding context to the decision problem does not alter this finding. No ratio bias could be found in between-subject tests either, which leads us to the conclusion that the policy relevance of the phenomenon is doubtful at best.

Potamotrygon tigrina, a new species of freshwater stingray from the upper Amazon basin, closely related to Potamotrygon schroederi Fernandez-Yepez, 1958 (Chondrichthyes: Potamotrygonidae)

A new species of Neotropical freshwater stingray, family Potamotrygonidae, is described from the Rio Nanay in the upper Rio Amazonas basin of Peru. Potamotrygon tigrina, n. sp., is easily distinguished from all congeners by its conspicuous dorsal disc coloration, composed of bright yellow to orange vermiculations strongly interwoven with a dark-brown to deep-black background. Additional features that in combination diagnose P. tigrina, n. sp., include the presence of a single angular cartilage, low and not closely grouped dorsal tail spines, and coloration of tail composed of relatively wide and alternating bands of creamy white and dark brown to black. Potamotrygon tigrina is closely related to Potamotrygon schroederi Fernandez-Yepez, 1958, which occurs in the Rio Negro (Brazil) and Rio Orinoco (Venezuela, Colombia). Both species are very similar in proportions and counts, and share features hypothesized to be derived within Potamotrygonidae, related to their specific angular cartilage morphology, distal tail color, dorsal tail-spine pattern, and ventral lateral-line system. To further substantiate the description of P. tigrina, n. sp., we provide a redescription of P. schroederi based on material from the Rio Negro (Brazil) and Rio Orinoco (Venezuela). Specimens from the two basins differ in number of vertebral centra and slightly in size and frequency of rosettes on dorsal disc, distinctions that presently do not warrant their specific separation. Potamotrygon tigrina is frequently commercialized in the international aquarium trade but virtually nothing is known of its biology or conservation status.

How single is ‘single’ : some pragmatic reflections on single versus multifaceted interventions to facilitate implementation

An earlier overview of systematic reviews and a subsequent editorial on single-component versus multifaceted interventions to promote knowledge translation (KT) highlight complex issues in implementation science. In this supplemented commentary, further aspects are in focus; we propose examples from (KT) studies probing the issue of single interventions. A main point is that defining what is a single and what is a multifaceted intervention can be ambiguous, depending on how the intervention is conceived. Further, we suggest additional perspectives in terms of strategies to facilitate implementation. More specifically, we argue for a need to depict not only what activities are done in implementation interventions, but to unpack functions in particular contexts, in order to support the progress of implementation science.

European economic integration

The purpose of this paper is to evaluate the recent trend in European economic affairs - the desire for integration. These plans and proposals were an expression of the need in the post war era for economic planning on a regional scale. It was in this respect that Europe experimented in a new approach to international economics.

Aspectos concorrenciais da privatização em setores regulados: diretrizes para a defesa da concorrência

O programa de privatização constitui prioridade na ação econômica do governo. Este estudo pretende analisar os aspectos concorrenciais da desestatização em duas dimensões: o grau em que o ambiente concorrencial condiciona o desempenho das empresas privatizadas e a forma em que a condução da privatização afeta a estrutura dos mercados. O trabalho está dividido em duas partes: i) análise do desempenho do Programa Nacional de Privatização (PND) à luz de indicadores econômicos e avaliação do programa dos pontos de vista da teoria econômica e da experiência internacional; ii) definição de diretrizes para que os setores analisados apresentem uma estrutura adequada do ponto de vista concorrencial.

A defesa comercial dos BICs: Brasil, Índia e China: algumas lições para a política brasileira: pesquisa do comercio global apoiado pelo IPEA

O objetivo do presente artigo é de analisar a Política de Defesa Comercial dos BICs nos últimos 15 anos, destacando semelhanças e contrastes. Após exame dos principais elementos da regulação dos instrumentos de defesa, como apresentados no GATT e na OMC, é avaliada a evolução das investigações iniciadas e das medidas aplicadas para cada um dos parceiros dos BICs. Tendo em vista a importância das decisões do mecanismo de solução de controvérsias na área, são também examinados os principais painéis abertos pelos BICs, bem como os painéis em que foram acionados. O artigo é concluído com algumas implicações da análise da defesa comercial dos BICs para a Política de Defesa Comercial do Brasil, no momento em que a indústria brasileira enfrenta sérios desafios.

Vacina contra doença holandesa

O objetivo destas Notas é resenhar o atual debate sobre a inserção da economia brasileira no contexto mundial, particularmente, se o Brasil pode se prevenir do risco de enfrentar a chamada “doença holandesa”. Há debate inconcluso a respeito do seu diagnóstico. Alguns economistas acham que ela já está apresentando seus sintomas através da apreciação excessiva da moeda nacional e redução relativa dos empregos industriais. Outros opinam que ela, de fato, atacará em longo prazo, quando a exportação do petróleo extraído do pré-sal estiver em pleno ritmo. Iniciaremos esboçando o contexto vivenciado e o cenário esperado. Em seguida, exercitaremos a Economia Positiva, ou seja, apresentaremos as posições em debate sobre o que é. Finalizaremos com Economia Normativa, isto é, as propostas sobre o que deve ser.

Multinationals and Exports in a Large and Protected Developing Country

This paper examines an industry-level model developed to analyze the impact of affiliates of multinational firms (MNFs) on the host country's revealed comparative advantages (RCAs), which predicts that the referred impact is given by both technology service and industry orientation. Based on Brazilian manufacturing industries during the import-substitution industrialization, panel data estimates show that MNFs negatively affected RCA, which is explained by location advantages in industries presenting comparative disadvantages, as reinforced by a location model. Two other important results are: (i) import protection had a stronger anti-export effect on multinationals than on national firms; (ii) MNFs were concentrated in industries with lower world-export growth.

Economic relations of Brazil and the United States and the Enterprise for the Americas Initiative

Includes bibliography

Relaciones económicas Brasil-Estados Unidos y la liberalización del comercio en el Hemisferio Occidental

Incluye Bibliografía

The economic development of Latin America in the twentieth century

Includes bibliography