Many economists believe that the slowdown of the productivity growth rates in the U.S. economy in early 1970's was a consequence of the increased level of environmental regulations. The main reason presented in support of this argument is that increased environmental regulations impose an additional burden to the firms, thus...
Agricultural economists have devoted considerable attention to
the financial stress situation of agricultural producers. Many
studies have been conducted in various regions of the U.S. in an
attempt to better understand the causes of the problem. The costs
associated with farm financial stress imply corresponding benefits to
be realized by...
Export-oriented illegal logging has been recognized as a major global problem in environmental, social, and economic terms. It has been argued that export-oriented illegal logging does not benefit the community or government that should be benefited by its own natural resources. The emergence of policy initiatives targeting illegal logging could...
Advancing the understanding of natural resource management is an important step in mitigating the effects of human activity on the environment, and ensuring efficient outcomes for many sectors of the economy. As humanity’s role in the natural world becomes better understood, the importance of interdisciplinary modeling has grown in leaps...
The success of the U.S. government in persuading Japan to
liberalize the beef market is viewed as a relief to the U.S.
beef industry. The economic benefit (to the U.S. beef
producers!) of the trade liberalization however is yet to be
seen. The size of this benefit is determined, among...
The War Production Board issued limitation order 85 in April 1942 in order to conserve fabric and manpower needed for the war effort. The L-85 order froze the silhouette so no major style changes in women's wear would occur during the war. It is clear that on the one hand...
Governments in less developed countries have recognized
in recent years the need to liberalize economic policies in
order to increase efficiency in agricultural commodity
markets. In an attempt to help decision makers assess
alternative choices, most policy studies, however, have
focused on the efficiency norm criterion without much
consideration for...
The present highway funding system, especially fuel taxes, may become less reliable revenue sources in the future, while the transportation public agencies do not have the sufficient financial resources needed to meet the increasing traffic demand. Regarding the socio-economic impact of road privatization, a wide range of approaches and models...
Navigating the transition to adulthood is fraught with challenges, especially for those coming of age during an economic crisis. Individuals often rely on support from existing social networks, and establish social capital through deepening and expanding social ties, as they establish footholds in roles marking adulthood. Yet investing in social...