Corporations and local economies in the Brazilian Amazon: the impacts of the mining sectors scheduled investments in Southeastern Pará (2004–2010)

Southeastern Pará is an extraordinarily dynamic region. There were large cattle ranching projects, financed in the 1960s. Expansion of peasant agriculture, mineral projects and gold prospecting followed the ranching projects. Also important structural transformations reinforced the role of the urban centres and the local rural bases in the logistics of new economic sectors conditioned by the presence of Companhia Vale do Rio Doce (CVRD), in the region since 1985. This article presents the results of an input–output analysis of the investment programme of CVRD from year 2004 up to 2010. The main findings are that the mineral sector has achieved a considerable influence over the economy of Southeastern Pará, so that during the cycle of investments each 1% in the growth of the mineral production creates growth possibilities of about 0.83% for the agricultural sector and about 0.86% for the local urban sectors. Considering just the production growth, a percentile point will imply growth at, respectively, 0.73% and 0.76% for those sectors. For the economy of the rest of the state of Pará, those elasticities would be, incorporating the investments, 0.80% and, without them, 0.68%. For the economy of the rest of Brazil they would be, respectively, 0.88% and 0.78%.     

The effect of physician board membership on uncompensated care provision

Previous studies indicate that nonprofit and for-profit hospitals provide comparable levels of uncompensated care, when taking into account their sizes. This evidence suggests that for-profit hospitals extract some indirect benefit when providing uncompensated care. Our article investigates how physician board membership affects uncompensated care provision. With data for hospitals in California from 1997 to 2010, we estimate a fixed-effect model where uncompensated care is a function of physician board membership, other board attributes, as well as hospital characteristics. Our results indicate that physician board membership in for-profit hospitals relates positively with uncompensated care provision. Prior evidence, such as Goldstein and Ward (2004) and Molinari et al. (1995), has shown that involving physicians in strategic decisions improves hospitals’ financial performance. Our results reinforce the notion that having physicians in leadership or strategic positions benefits for-profit hospitals. In these hospitals, physicians seem to understand the strategic component of providing uncompensated care, possibly due to their closer assessment of patients’ needs.     

Should special agricultural safeguard be ignored? An evaluation for dairy trade

This study measured the impact of special agricultural safeguards (SSG) on dairy products imports by the US and Japan. It was observed that dairy products have been the most affected by this protectionist measures, and that these countries are relevant importers that impose SSG. The tariff lines subject to SSG were selected, and the period of analysis was from 1995 to 2015. The results showed that the impact of SSG applied by the US was much higher than for Japan. The overall estimated value of imports that did not happen due to the application of SSGs was approximately USD 2 billion. Specifically for the Brazilian economy, the condensed milk not exported to the US due to SSG applied cost the country BRL 345 million in GDP value and almost 4.5 thousand jobs. These results might be underestimating these effects, since the SSG tariff was not subject to calculation in several years.     

Cooperative movement and widespread prosperity across Italian regions

Our goal is to participate in the debate on regional well-being. To this end, we explore the relationship between prosperity and the cooperative movement at the regional level in Italy between 2010 and 2019. We summarize prosperity through an index originally proposed by Amartya Sen and we apply it to classify Italian regions. We then perform panel analyses showing that there is a positive and significant association between such an index and the cooperative presence. We detect that, and explain why, the cooperative movement contributes to the regional prosperity more through its employment than in terms of the added value it generates.     

Are voters rationally ignorant? An empirical study of Portuguese local elections

The application of the rational choice postulate to a political context invariably leads to the conclusion that most voters are ill informed when making the decision on whom to vote for. In this paper, the authors conduct an empirical evaluation of the rational ignorance theory, based on the model developed by (Rogoff and Sibert Rev Econ Stud LV:1–16, (1988) and by considering that better informed voters reward political candidates who show better performances. The levels of performance are established through the construction of an empirical frontier using the Data Envelopment Analysis (DEA) methodology. According to our results, based on the 1997 Portuguese local elections, even though swing voters do not necessarily behave as rationally ignorant voters, a large majority of voters are rationally ignorant.

When transparency pays off: Enticing sceptical consumers with two-sided advertising

It has been generally assumed that higher levels of scepticism towards advertising invariably lead to higher resistance to advertising appeals. The main purpose of the present research was to examine whether highly sceptical consumers' resistance can be overcome by appeals associated with higher credibility. We tested our hypotheses using message sidedness as an advertising variable that has been associated with higher (two-sided) versus lower (one-sided) credibility. In three experimental studies, we examined more versus less sceptical consumers' responses to two- versus one-sided appeals. We found that two-sided messages are more effective in increasing purchase intentions, through enhanced credibility, but only for consumers who are more sceptical of advertising. Less sceptical consumers trust both messages equally and their purchase intentions are not affected by the type of message. Importantly, we also showed that highly sceptical consumers trust two-sided appeals as much as their less sceptical counterparts. The study contributes to the literature on advertising and persuasion knowledge by showing that advertising scepticism does not elicit a single response tendency, as originally conceptualized. Rather, advertising scepticism is more consistent with the underpinnings of the Persuasion Knowledge Model, in that higher knowledge about persuasion tactics aids consumers to better cope with, and not invariably resist persuasion attempts. We conclude that transparency pays off because it may entice a more sceptical audience and, at the same time, it does not harm less sceptical consumers' trust and purchase intentions.     

Deconstructing the indigenous in tourism. The production of indigeneity in tourism-oriented labelling and handicraft/souvenir development in Northern Europe

ABSTRACT

In literature on tourism in northern or ‘Arctic’ areas and on regions and places in northern areas, terms such as ‘indigenous’ and ‘non-indigenous’ are often used to distinguish people and places from each other. The aim of this paper is to deconstruct the ‘indigenous’/‘non-indigenous’ categories as well as the geographical categories to which they are linked, using examples from tourism in northern Fennoscandia and northwest Russia, selected as areas with circumstances that vary greatly both locally and regionally. Specific focus is on the construction of labels and restrictions of use, particularly regarding handicrafts/souvenirs as a specific object of indigeneity to separate it from other objects. The study reviews the processes in tourism for constructing, labelling, and valuing – and thereby also exerting power upon – specific conceptions, and thereby also on the contesting of such processes amongst broader, but often unacknowledged, local groups.     

Reputational recovery under political instability: Public debt in Portugal, 1641–83

This article examines the reputation recovery of Portugal's public debt during the war of liberation against the former Habsburg ruler. Using novel datasets on long- and short-term debt and nominal interest rates, this study provides evidence that the sovereign borrower used debt credibility to build a pact of regime in a revolutionary context with implications for financing the war. The Portuguese kings followed an implicit budget balance rule as a reputational scheme, which made Portugal an exceptional case of military success with a low debt-to-GDP ratio and low interest rates. These conclusions contribute to the literature in various attributes of war finance, debt management, and state-making by showing that default avoidance could be as important to military success as fiscal capacity.