Some Considerations on the Productive Capacity of Consumption Expenditures

1977 ◽  
pp. 435-446
Author(s):  
Leo H. Klaassen ◽  
Wietze Eizenga
1989 ◽  
Vol 16 (2) ◽  
pp. 119-153 ◽  
Author(s):  
Sarah Auman Reed

This paper examines the magnitude of the reporting bias inherent in the historical cost accounting of a firm's physical capital. Reported depreciation data pertaining to U.S. Steel Corporation (currently USX) between 1939 and 1987 are compared with standardized historical cost figures and replacement cost estimates. The findings suggest that replacement cost depreciation would have provided more information about U.S. Steel's ability to maintain its productive capacity than historical cost depreciation did. Thus, this analysis provides an illustration of one of the primary arguments for replacement cost accounting.


Author(s):  
Yilmaz Akyüz

Recent years have also seen increased openness of EDEs to foreign direct investment (FDI) in search for faster growth and greater stability. However, FDI is one of the most ambiguous and least understood concepts in international economics. Common debate is confounded by several myths regarding its nature and impact. It is often portrayed as a stable, cross-border flow of capital that adds to productive capacity and meets foreign exchange shortfalls. However, the reality is far more complex. FDI does not always involve inflows of financial or real capital. Greenfield investment, unlike mergers and acquisitions, makes a direct contribution to productive capacity, but can crowd out domestic investors. FDI can induce significant instability in currency and financial markets. Its immediate contribution to balance-of-payments may be positive, but its longer-term impact is often negative because of high-profit remittances and import contents.


Author(s):  
Simon Roberts

Competition requires rivals. While this rivalry may come from imports, the development of local capabilities and productive capacity for rivalry, including by black industrialists in the South African context, means understanding the barriers to entry that local producers must overcome. Barriers to entry are also critical for the correct balance between the risks of over- and under-enforcement and are one reason why it has been recommended that countries should adopt different standards for competition evaluation. This chapter draws on studies of barriers to entry in different markets in South Africa to consider the nature and extent of these barriers and the implications for competition policy. It highlights issues related to regulatory barriers, consumer switching costs and branding, routes to market, and vertical integration, as well as economies of scale and access to finance.


Foods ◽  
2021 ◽  
Vol 10 (7) ◽  
pp. 1604
Author(s):  
Panmela Soares ◽  
Suellen Secchi Martinelli ◽  
Mari Carmen Davó-Blanes ◽  
Rafaela Karen Fabri ◽  
Vicente Clemente-Gómez ◽  
...  

This study aims to explore and compare Brazilian public institutional food services’ characteristics concerning the implementation of the government policy for the procurement of food from family farming (FF) and the opinions of food service managers on the benefits and difficulties of its implementation. We conducted a cross-sectional study employing an online questionnaire. The results were stratified by purchase. The Chi-square and Fisher’s Exact tests were applied. Five hundred forty-one food services’ managers participated in the study. Most claimed to buy food from FF, and this acquisition was more frequent among those working in institutions of municipalities <50,000 inhabitants, and educational and self-managed institutions. Those buying from FF developed more actions to promote healthy and sustainable food. Most recognized that the purchase could boost local farming and the economy and improve the institution’s food. However, the managers believe that the productive capacity of FF, the lack of technical assistance to farmers, production seasonality, and the bureaucratic procurement process hinder this type of purchase. The self-management of food services and the small size of the municipality might be associated with implementing the direct purchase policy from FF, which can contribute to building healthier and more sustainable food systems. However, the lack of public management support and the weak productive fabric may pose an obstacle to its maintenance or dissemination. The strengthening and consolidation of these policies require more significant government investments in productive infrastructure for family farming.


Biochar ◽  
2021 ◽  
Author(s):  
Carlos Rodriguez-Franco ◽  
Deborah S. Page-Dumroese

AbstractThere are thousands of abandoned mine land (AML) sites in the U.S. that need to be restored to reduce wind and water erosion, provide wildlife forage, shade streams, and improve productivity. Biochar created from woody biomass that would normally be burned in slash piles can be applied to soil to improve soil properties and is one method to restore AML soil productive capacity. Using this ‘waste’ biomass for biochar and reclamation activities will reduce wildfire risk, air pollution from burning, and particulates released from burning wood. Biochar has the potential to improve water quality, bind heavy metals, or decrease toxic chemical concentrations, while improving soil health to establish sustainable plant cover, thereby preventing soil erosion, leaching, or other unintended, negative environmental consequences. Using forest residues to create biochar also helps reduce woody biomass and improves forest health and resilience. We address concerns surrounding organic and inorganic contaminants on the biochar and how this might affect its’ efficacy and provide valuable information to increase restoration activities on AMLs using biochar alone or in combination with other organic amendments. Several examples of AML biochar restoration sites initiated to evaluate short- and long-term above- and belowground ecosystem responses are presented.


2017 ◽  
Vol 56 (3) ◽  
pp. 477-495 ◽  
Author(s):  
Alex Etzkowitz ◽  
Henry Etzkowitz

This article outlines a counter-cyclical innovation strategy to achieve prosperity, derived from an innovative project, the California Institute for Regenerative Medicine (CIRM). We identify an ‘innovation paradox’ in that the very point in the business cycle, when legislators are tempted to view austerity as a cure for economic downturns and to reduce innovation spend, is when an increase is most needed to create new industries and jobs and innovate out of recession or depression. It is both desirable and possible that policymakers resist the urge to capitulate to the innovation paradox. During periods that exhibit subdued inflation, elevated spare productive capacity, and low government borrowing rates, governments should increase their borrowings and use the proceeds to boost investment targeted towards innovation. We show how the State of California successfully utilized debt financing, traditionally reserved for physical infrastructure projects, to stimulate the development of intellectual infrastructure. Finally, we recommend a halt to European austerity policies and a ‘triple helix’ broadening of narrow ‘smart specialization’ policies that chase a private venture capital chimera. Europe should seize the present macroeconomic opportunity of low interest rates, borrow for innovation and be paid back manifold by ‘picking winners’, similarly to what the USA has been doing through DARPA (Defense Advanced Research Projects Agency) with GPS, as a response to Sputnik, the Internet and artificial intelligence, or the driverless car, formerly known as the ‘autonomous land vehicle’ in its military guise. Proactively targeted macroscopic investments in innovation are needed to solve the productivity/employment puzzle and foster the transition to a knowledge-based society.


Crustaceana ◽  
2013 ◽  
Vol 86 (2) ◽  
pp. 158-181 ◽  
Author(s):  
Raúl Cruz ◽  
Carlos A. Borda

Estimates of spiny lobster stocks (Panulirus argus Latreille, 1804) represent a fundamental input for population assessment models and are, therefore, indispensable for proper management. In this study we analysed methodologies employed in the Gulf of Batabanó (Cuba) and Providencia and Santa Catalina (Colombian Caribbean) to estimate abundance (N) and stock productivity. We found evidence that the relative abundance (CPUE) for trap-like jaulones and skin diving in natural shelters was likely to remain high despite the decline in abundance (hyperstability). In contrast, the proportionality between CPUE and N was satisfactory in artificial shelters (Cuban pesqueros). Stock productivity was greater for jaulones (22 288 kg/km2) than for pesqueros (1309 kg/km2) or natural shelters (15.25 kg/km2), reflecting differences in the productive capacity of each type of fishing gear. In natural shelters the exploitable biomass is under great fishing pressure and the reproductive stock is likely to decrease. Thus, the West zone of Providencia and Santa Catalina, characterized by high-density seagrass and mangrove, should be designated a marine protection area to prevent a lobster fishing collapse. The most effective measure to revert the lobster fishing collapse in Cuba would be to ban the use of jaulones and liftable pesqueros, thereby reducing fishing intensity.


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