Preferential trade agreements and manufactured goods exports: does it matter whom you PTA with?

This article explores two questions. First, do preferential trade agreements (PTAs) affect manufactured goods exports of developing countries? Second, does it matter for developing countries whom they sign the PTAs with? We find that the answer to both questions is yes. Using bilateral manufactured goods exports data from 28 developing countries during 1978–2005; we find that South–South PTAs have a significantly positive effect on manufactured goods exports. In contrast, no such effect is detected in the case of South–North PTAs. We confirmed the robustness of these findings to estimation methodology, sample selection, time period, zero trade flows and multilateral trade resistance.     

Socioeconomic variations in perceived barriers to recreation participation among would‐be participants

Abstract

The effects of fifteen barriers to participation were examined among people who expressed a desire for but were unable to participate in a new recreational activity. Work commitments, overcrowding of facilities, and lack of partners were the three main barriers. The effects of barriers were not perceived uniformly across the sample but varied between subgroups defined according to socioeconomic variables: the people most likely to be affected by barriers to participation included the poor, the elderly, and single parents. The extent to which recreation practitioners can and should respond to these kinds of research findings is discussed, and several ways in which the effects of barriers to participation might be modified or alleviated are evaluated.     

Services as part of modern economic process in Russia

This paper deals with reasons and circumstances of the new emerging structure of the Russian economy at the turn of the century, expressed in the substantial growth of the share of services in the GDP. Those changes have both positive and negative influences on the Russian economic conditions and domestic reproductive performance in the period of transformation and are analyzed here. Based on cross-country comparisons, the authors estimate the adequacy of upcoming structural shifts for the real condition the national economy under the hypothetical assumption that it actually functions according to free-market principles.     

Utility Functions

Abstract

This article is a self-contained survey of utility functions and some of their applications. Throughout the paper the theory is illustrated by three examples: exponential utility functions, power utility functions of the first kind (such as quadratic utility functions), and power utility functions of the second kind (such as the logarithmic utility function). The postulate of equivalent expected utility can be used to replace a random gain by a fixed amount and to determine a fair premium for claims to be insured, even if the insurer’s wealth without the new contract is a random variable itself. Then n companies (or economic agents) with random wealth are considered. They are interested in exchanging wealth to improve their expected utility. The family of Pareto optimal risk exchanges is characterized by the theorem of Borch. Two specific solutions are proposed. The first, believed to be new, is based on the synergy potential; this is the largest amount that can be withdrawn from the system without hurting any company in terms of expected utility. The second is the economic equilibrium originally proposed by Borch. As by-products, the option-pricing formula of Black-Scholes can be derived and the Esscher method of option pricing can be explained.     

An analysis of e-business adoption and its impact on relational quality in travel agency–supplier relationships

This study analyzes how managers of retail travel agencies perceive the antecedents and consequences of adopting e-business in their supplier relationships. A comprehensive model integrating its antecedents and relational effects is developed and empirically tested using SEM. The study surveyed 101 travel agents in Spain. Research findings indicate that customer pressure has a strong influence on e-communication practices. E-communication with the travel agency's supplier and the pressure exerted by the sector are the main antecedents for e-procurement. Effects of e-business on relational quality are contradictory. E-procurement influences negatively on trust. Conversely, e-communication has a positive impact on trust, thus having a favorable impact on perceived reciprocity and travel agent's commitment to its supplier. Main findings indicate that the use of the Internet is largely driven by normative pressures, and this coercive power has a detrimental impact on trust. To avoid such negative consequences, perceived reciprocity is a prerequisite for committed supplier relationships.     

Pollution and reforms of domestic and trade taxes towards uniformity

This paper builds a small open economy trade model where there is pollution from the production and consumption of goods. In the presence of production and consumption pollution, we examine a piecemeal consumer-price-neutral reform of the tariff and consumption tax and a piecemeal producer-price-neutral reform of the export and production taxes on a specific good. The paper identifies sufficient conditions under which the above tax reforms improve welfare and increase government tax revenues.     

Cutting-edge technologies

Low llevel radioactive wastes are generated from reactor sources as well as fsrom non-reactor sources. In recent years, about 50,000 m³ per year of such wastes have been generated in the USA and about 10,000 m³ per year in Canada. Direct disposal of these wasters in shallow ground has been a favoured method in both countries in the past. However, with recent advances in waste management. technologies are being applied to achieve optimum goals in terms of protection of human health and safety and the environment, as well as cost-effectiveness. These technologies must be applied from the generation sources through waste minimization and optimum segregation-followed by waste processing, conditioning, storage, and disposal. A number of technologies are available and can be applied as appropriate, given the physical, chemical, and radiological characteristics of the waste. Interim and retrievable storage can be accomplished in a wide variety of storage structures, and several types of engineered disposal facility designs are now available. By applying an integrated approach to radioactive waste management. potential advers impacts on human health and safety and the environment can be minimized.