Does reduced trade tax revenue affect government spending patterns?

Many skeptics of trade liberalization in the developing world argue that lowering trade taxes can cause significant fiscal pressures in countries particularly reliant on these taxes and result in a reallocation of resources away from important development goals. This paper evaluates whether there is evidence that central governments systematically change the composition of spending priorities in the wake of lowered trade tax revenues as a share of total government revenues. We find no systematic evidence for this concern in a sample of 51 developing countries for the 1991 through 2005 period.     

Accounting on trial: The critical legal studies movement and its lessons for radical accounting

It is now time, after a decade of development, to take stock of the growing, varied, interdisciplinary Critical Accounting movement appearing in the pages of Accounting, Organizations and Society and elsewhere throughout the 1980s. Critical Accounting bears remarkable resemblance to the highly important Critical Legal Studies movement (or CLS) in American academic law. This paper introduces CLS to accounting audiences and surveys Critical Accounting from the perspective of its larger, older, more fully articulated, more radical and more divisive legal cousin. This paper argues that if Critical Accounting continues to share CLS's theoretical and intellectual stance, but not its targeted critical practice and institutional or political stance, Critical Accounting is destined to remain an interesting sidelight rather than a fully articulated theory of accounting. Finally, this paper comments on existing Critical Accounting work from a CLS perspective, and suggests new directions for Critical Accounting as an intellectual movement.     

Strategy and your stronger hand

There are two kinds of businesses in the world, says the author. Knowing what they are--and which one your company is--will guide you to the right strategic moves. One kind includes businesses that compete on a complex-systems model. These companies have large enterprises as their primary customers. They seek to grow a customer base in the thousands, with no more than a handful of transactions per customer per year (indeed, in some years there may be none), and the average price per transaction ranges from six to seven figures. In this model, 1,000 enterprises each paying dollar 1 million per year would generate dollar 1 billion in annual revenue. The other kind of business competes on a volume-operations model. Here, vendors seek to acquire millions of customers, with tens or even hundreds of transactions per customer per year, at an average price of relatively few dollars per transaction. Under this model, it would take 10 million customers each spending dollar 8 per month to generate nearly dollar 1 billion in revenue. An examination of both models shows that they could not be further apart in their approach to every step along the classic value chain. The problem, though, is that companies in one camp often attempt to create new value by venturing into the other. In doing so, they fail to realize how their managerial habits have been shaped by the model they've grown up with. By analogy, they have a "handedness"--the equivalent of a person's right- or left-hand dominance--that makes them as adroit in one mode as they are awkward in the other. Unless you are in an industry whose structure forces you to attempt ambidexterity (in which case, special efforts are required to manage the inevitable dropped balls), you'll be far more successful making moves that favor your stronger hand.     

The effects of funding source and management ownership on the productivity of R&D

This study investigates the influence of the source of R&D funds and management ownership on R&D productivity. The lagged effect of the source of R&D funds on R&D output is investigated for a sample of US manufacturing firms in five industries over the 1996–99 period. Estimates based on 779 firm-years show that R&D productivity increases with the proportion of stock held by managers and directors of firms primarily in the Other Electronics industry. The estimates also show that recipients of government-sponsored R&D funds in the Chemicals industry have lower levels of output (sales) for each dollar committed to R&D. In addition, output for firms in the Chemicals industry worsens as management stockholding increases, implying an agency cost rationale for the observed difference in output. The implication is that firms with high manager-owner content are less productive with government-sponsored R&D than with company-financed R&D. The reported results suggest that potential agency costs should be incorporated in government-sponsored R&D contracts. It also suggests that the source of R&D funds should be disclosed and incorporated into the valuation of intangible assets attributable to research and development.     

Selling Anthropocene space: situated adventures in sustainable tourism

Abstract

The Anthropocene is a proposed technical term for a new geological timeframe, but it is also a conceptual tool with the potential to redefine the stakes of contemporary environmental politics. One facet that is often overlooked is that the Anthropocene is a concept with commercial potential, even if the term itself has not been widely adopted. This article presents an investigation of the commercial potential of the Anthropocene idea through the lens of self-described sustainable tourism ventures in The Bahamas. These examples demonstrate some of the ways in which Anthropocene imaginaries participate in the recreation, redesign, and rebranding of specific spaces as emergent “tourism products”, specifically the small island farm and the anthropogenic coral reef. The goal is twofold: (1) to explore the symbolic and material creativity of the Anthropocene idea as its themes are used to extend capitalist innovation, and (2) to examine the Anthropocene idea as a strategy that builds upon existing histories of inequality to enable transnational accumulation in particular locales. As a situated adventure, this article articulates a reflexive mode of political ecological research for the Anthropocene that is equipped to critically articulate emergent practices at the intersection of postcolonial tourism, environmental conservation, and sustainable development.