CHANGING BUSINESS ENVIRONMENTS,INTERNATIONAL TRADE AND REGIONAL INTEGRATION: WHO NEEDS CAFTA?

Despite little progress in FTAA negotiations, other regional trade agreements are being considered by the US government. The recently signed CAFTA brings hope to smaller developing nations in Central America and it should offer new opportunities to US businesses. However, the new trade pact has not been free from controversy and criticism, and opposition to free trade has been stronger in the USA than in Latin America.     

THE WAGE–WAGE‐ . . . ‐WAGE–PROFIT RELATION IN A MULTISECTOR BARGAINING ECONOMY

The equalization of profit rates across industries subject to firm‐level bargaining over wages generates an interindustry wage structure with higher wages in capital‐intensive sectors. The familiar inverse wage–profit relation gives way to a wage–wage‐ . . . ‐wage–profit surface on which the profit rate can vary directly with the wage paid in an individual industry. Institutional changes that decrease workers' bargaining power and increase the incomes of the unemployed tend to compress the wage distribution; these changes draw political support from cross‐class coalitions of low‐wage workers and capital‐intensive firms. Some capital‐using, labor‐saving technical changes that raise capitalists' profits in current prices lower the equilibrium profit rate.     

Tourism industry reaction to climate change in Kgalagadi South District,Botswana

Climate change and adaptation have become major issues in contemporary tourism development and policy discussions, especially in southern Africa where the tourism industry is largely based on the natural environment and wildlife. Previous studies on tourism and climate change have mainly focused on the global north and snow-based winter tourism activities. This study aimed to fill the gap by examining tourism operators' perceptions of climate change in Kgalagadi South District, southwest Botswana, and looking at their adaptation strategies, if any. It was found that these operators were aware of the general impacts of climate change but most saw no impacts on the tourism industry and none recognised any impacts on their own operations. Most did, however, envisage challenges to future business growth and Botswana's tourism competitiveness. The perception that climate change did not currently have any impacts may explain why there were almost no adaptation strategies in place.     

Risk-taking for others under accountability

We let subjects take risky decisions that affect themselves and a passive recipient. Adding a requirement to justify their choices significantly reduces loss aversion. This indicates that such an accountability mechanism may be effective at debiasing loss aversion in agency relations.     

STEADY‐STATE GROWTH AND DISTRIBUTION WITH AN ENDOGENOUS DIRECTION OF TECHNICAL CHANGE

A model of labor‐constrained accumulation and economically directed technical progress has a stable steady state at which the class distribution of income is invariant with respect to population and saving parameters yet sensitive to workers’ stances in wage bargaining and to the tax and transfer policies of a redistributive state.     

Eine Untersuchung der Gossenschen Gesetze

Ohne ZusammenfassungMit 3 TextabbildungenDer Verfasser wünscht, seinem in Band XXIII der Zeitschrift für Nationalökonomie veröffentlichten Aufsatz (Eine Untersuchung der Gossenschen Gesetze) einige ergänzende Bemerkungen anzufügen.     

Adoption and welfare impacts of multiple agricultural technologies: evidence from eastern Zambia

Using plot level panel data and multinomial endogenous switching regression, this article analyzes the adoption and welfare impacts of multiple agricultural technologies in eastern Zambia. We adapt a multinomial endogenous switching/treatment effect regression framework to correct for selection bias and endogeneity originating from both observed and unobserved heterogeneity. Results indicate that joint adoption of multiple agricultural technologies had greater impacts on crop yields, household incomes, and poverty than the adoption of individual components of the technology package. Our findings suggest that efforts aimed at raising household incomes and reducing poverty should focus on promoting the adoption of multiple agricultural technologies through provision of improved support services such as extension and input supply.     

Knowledge,Use and Effectiveness of Social Acceptance Measures for Wind Projects

Wind energy is one of the key technologies to become independent of fossil fuels. Implementation of wind energy on a local level, however, has sometimes proved to be challenging and dealing with local acceptance of onshore wind turbines has become troublesome for some projects. Communication and public involvement are seen as strategies to prevent or respond to local opposition. This paper analyses the views of a variety of experts in wind energy on this matter. It focuses on eliciting their experiences with public participation measures. Furthermore, the perceived effectiveness of the measures for the social acceptance of wind energy projects is analysed. To do so, this paper draws on an expert survey among 207 individuals across Europe linked to wind energy projects. The analysis shows that negative reactions to wind farms are reported more frequently than positive reactions. In nearly 40% of cases, projects experience negative consequences on project development due to a lack of social acceptance, ranging from delays to changes in project plans and even termination. The vast majority of wind project developers respond to this by carrying out public participation activity at least sometimes. However, a much lower share does this systematically and the level of activity is low in early project phases. With regard to the relationship between project activities and project success, there is some support for the assumption that early and systematic involvement of the public and stakeholders is likely to reduce negative reactions.