Principal operators' farm risk attitudes in hot and cold climates

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Ahmad Zia Wahdat ◽  
Michael Gunderson
Keyword(s):  
Risk Mitigation ◽  
Risk Attitude ◽  
Cold Climate ◽  
Risk Attitudes ◽  
Ordered Logit ◽  
Climate Classification ◽  
Content Type ◽  
Hot Climate ◽  
The Us ◽  
The Government

PurposeThe study investigates whether there is an association between climate types and farm risk attitudes of principal operators.Design/methodology/approachThe study exploits temperature variation in the diverse climate types across the US and defines hot- and cold-climate states. Ordered logit and generalized ordered logit models are used to model principal operators' farm risk attitudes, which are measured on a Likert scale. The study uses two datasets. The first dataset is a 2017 survey of US large commercial producers (LCPs). The second dataset provides a Köppen-Geiger climate classification of the US at a spatial resolution of 5 arcmin for a 25-year period (1986–2010).FindingsThe study finds that principal operators in hot-climate states are 4–5% more likely to have a higher willingness to take farm risk compared to principal operators in cold-climate states.Research limitations/implicationsIt is likely that farm risk mitigation decisions differ between hot- and cold-climate states. For instance, the authors show that corn acres' enrollment in federal crop insurance and computers' usage for farm business are pursued more intensely in cold-climate states than in hot-climate states. A differentiation of farm risk attitude by hot- and cold-climate states may help agribusiness, the government and economists in their farm product offerings, farm risk management programs and agricultural finance models, respectively.Originality/valueBased on Köppen-Geiger climate classification, the study introduces hot- and cold-climate concepts to understand the relationship between climate types and principal operators' farm risk attitudes.

The Israeli travel and tourism industry faces COVID-19: developing guidelines for facilitating and maintaining a nuanced response and recovery to the pandemic

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Joshua Schmidt ◽  
Alex Altshuler
Keyword(s):  
Cultural Context ◽  
Service Providers ◽  
Risk Mitigation ◽  
Supply And Demand ◽  
Economic Benefits ◽  
Tourism Industry ◽  
Research Approach ◽  
Content Type ◽  
Travel And Tourism ◽  
The Government

Purpose This paper aims to discuss how the tourism industry is contending with the economic and interorganizational challenges wrought by the COVID-19 outbreak and heightened by a lack of communication between the government and local businesses in the state of Israel. The researchers examine the dependency of the tourism industry on the general preparation programs that were developed and are currently being deployed by the relevant national stakeholders and question whether instead, it should use the pandemic as a catalyst for formulating its own nuanced tourism-travel-and-hospitality-oriented strategies and procedures. Design/methodology/approach Applying an ethnographic-based mix-methods research approach, this paper draws on insights from data compiled by fusing existing theoretical and emerging practical knowledge with empirical research (qualitative and quantitative) conducted among numerous relevant macro (governmental/centralized industry) and micro (hotels, travel and tourism operators and service providers) stakeholders as well as potential consumers. Findings It is essential that national and local government bodies form collaborative interorganizational relationships with local stakeholders to jointly activate case-specific hospitality and travel-specific risk mitigation management strategies. Moreover, the pandemic laid bare the tentative and fragile nature of the globalized tourism industry supply and demand chains, a condition that may be remedied via a pivot toward using national or even regional supply chains and goods and service providers. Within Israel, such changes could lead to increased economic benefits that extend beyond the tourism industry to provide certain security-related benefits. Originality/value Relating to idiosyncratic factors relevant to an Israeli cultural context, this paper uses the ethnographic field-borne familiarity of the researchers with the tourism and travel industries in Eilat and the Dead Sea to offer applicable suggestions for leveraging certain industry resources to both meet the demands of the present-day circumstances and cultivate a multifaceted organizational web of macro and micro social, economic and environmental networks so as to foster a more diversified and therefore resilient local tourism and travel economy.

Puerto Rican shutdown would increase default fears

2015 ◽  
Keyword(s):  
Puerto Rico ◽  
Puerto Rican ◽  
Content Type ◽  
Us Congress ◽  
Federal Intervention ◽  
Congressional Vote ◽  
General Obligation Bonds ◽  
General Obligation ◽  
The Us ◽  
The Government

Significance Puerto Rico is facing a severe fiscal crunch; its general obligation bonds are rated junk status and the government has said that a 2.9 billion dollar bond issuance -- at risk because of the congressional vote -- is required to prevent a shutdown in the next three months. Impacts There is little-to-no prospect of Puerto Rican statehood while Republicans control the US Congress. Puerto Rico would gain five representatives and two senators, likely to vote Democratic. However, this may encourage some Republicans to back federal intervention on debt, to ward off calls for statehood.

Iraq sees rising risk of a US-Iran clash in 2020

2020 ◽  
Keyword(s):  
United States ◽  
The United States ◽  
Security Threats ◽  
Kurdistan Region ◽  
Content Type ◽  
Military Action ◽  
The Us ◽  
The Government ◽  
Warning Services

Significance These have caused the United States to begin the process of shuttering its Baghdad embassy -- while signalling that it could reverse the process if the government moves more aggressively against pro-Iran groups within the Popular Mobilisation Forces (PMF) that are blamed for the strikes. Impacts Groups will step up attacks designed to lever the US-led coalition out of Iraq, while seeking to mask their identity. The United States will have greater latitude for military action to weaken Tehran in November or December, if it closes the embassy. Japanese, Saudi, Emirati and some European embassies relying on US evacuation and warning services might also be forced out. Washington might opt instead to downsize the embassy, which cannot operate normally due to COVID-19 and security threats. Even if the US embassy closed, some coalition military sites and the US consulate in the Kurdistan region would remain open.

Nicaragua pandemic downplaying is a political gamble

2020 ◽  
Keyword(s):  
Presidential Elections ◽  
Social Impacts ◽  
Political Support ◽  
Health Crisis ◽  
Content Type ◽  
The Us ◽  
The Government ◽  
Trade And Investment ◽  
Economic And Social Impacts ◽  
Opposition Parties

Significance Some initiatives have been introduced to help counter the economic and social impacts of the pandemic, but the government’s actions appear to be driven less by the need to address the health crisis than by a desire to shore up political support ahead of elections next year. Impacts Opposition parties are beginning to forge electoral alliances in the hope of benefitting from popular frustration with the government. Trade and investment into Nicaragua will remain minimal, with external firms wary about the potential prevalence of COVID-19. The outcome of the US presidential elections in November will affect the potential for US aid and investment.

Sudan's economic reform will prove challenging

2019 ◽  
Keyword(s):  
Economic Reform ◽  
Foreign Investment ◽  
International Aid ◽  
Economic Hardship ◽  
Debt Relief ◽  
Major Focus ◽  
Content Type ◽  
Government Corruption ◽  
The Us ◽  
The Government

Significance Bringing tangible improvements to the economy will be a major challenge for Sudan’s new transitional government. Economic hardship and anger over perceived government corruption were recurring causes of protests over recent years and could be again. Impacts The government will publicise its efforts to stabilise prices, although actually achieving this may prove elusive. Efforts to secure removal from the US list of state sponsors of terrorism will be a major focus, but this process will take time. Delisting would be welcomed by businesses and investors, and would boost debt relief prospects, but will not resolve underlying challenges. Significant new foreign investment will depend on the government’s performance, but fresh injections of international aid can be expected.

scholarly journals Uncertainty and nonlinear macroeconomic effects of fiscal policy in the US: a SEIVAR-based analysis

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Ansgar Belke ◽  
Pascal Goemans
Keyword(s):  
Government Spending ◽  
Large Set ◽  
Impulse Response Functions ◽  
Uncertainty Distribution ◽  
Content Type ◽  
Macroeconomic Uncertainty ◽  
The Us ◽  
Macroeconomic Effects ◽  
The Government

PurposeThe purpose of this paper is to investigate whether the macroeconomic effects of government spending shocks vary with the degree of macroeconomic uncertainty.Design/methodology/approachThe authors use quarterly US data from 1960 to 2017 and employ the Self-Exciting Interacted VAR (SEIVAR) to compute nonlinear generalized impulse response functions (GIRFs) to an orthogonalized government spending shock during tranquil and in uncertain times. The parsimonious design of the SEIVAR enables us to focus on extreme deciles of the uncertainty distribution and to control for the financing side of the government budget, monetary policy, financial frictions and consumer confidence.FindingsFiscal spending has positive output effects in tranquil times, but is contractionary during times of heightened macroeconomic uncertainty. The results indicate an important role of the endogenous response of macroeconomic uncertainty. Investigating different government spending purposes, only increases in research and development expenditures reduce uncertainty and boost output during uncertain times.Originality/valueThe authors contribute to the literature in using a method which allows to control for a large set of confounding factors and accounts for the uncertainty response.

Khartoum will resist committing to power sharing

2016 ◽  
Keyword(s):  
Armed Conflict ◽  
South Sudan ◽  
Power Sharing ◽  
The West ◽  
Blue Nile ◽  
Content Type ◽  
Rebel Groups ◽  
The Us ◽  
The Government ◽  
South Kordofan

Significance Since South Sudan seceded in 2011, Khartoum has confronted conflict on three fronts. Armed conflict escalated in Blue Nile and South Kordofan in mid-2011, while clashes between pro- and anti-government forces and outbreaks of inter-communal fighting have plagued Darfur and West Kordofan. Impacts Ongoing conflict will dash hopes of Sudan's removal from the US State Sponsors of Terrorism list. Reports about fighting and atrocities in areas to which the government restricts access will further strain relations with the West. Khartoum will continue to pressure Juba against providing support to any rebel groups in Sudan. The government will step up its call that AU-UN peacekeepers withdraw from Darfur.

Russian metal exports adjust to tariffs and sanctions

2018 ◽  
Keyword(s):  
Oil And Gas ◽  
Value Added ◽  
Environmental Cost ◽  
Domestic Consumption ◽  
Content Type ◽  
Ferrous Metals ◽  
The Us ◽  
Single Industry ◽  
Non Ferrous Metals ◽  
The Government

Subject Russia's metals sector and its prospects. Significance Russia's metals sector is second in importance only to oil and gas. Steel is much more important in volume and value terms than non-ferrous metals, including sanctions-hit aluminium. Overcapacity in the sector means that investment is likely to be restricted to capacity maintenance and some new projects offering high value-added opportunities. Rusal, the largest Russian aluminium producer, has until November 12 to extricate itself from the US sanctions list, otherwise its domestic production will be hard hit, even though the government will try to increase domestic consumption of the metal. Impacts Volatility in the metals sector poses risks to employment and incomes in 84 of Russia's 319 single-industry towns ('monograds'). Taking aluminium processing to a higher stage in Russia will boost revenues at less environmental cost than that incurred at earlier stages. A dearth of expert personnel acting as 'innovation advocates' is hampering broader industrial application of aluminium-based technologies.

Mercenaries are a valuable if wayward Russian asset

2018 ◽  
Keyword(s):  
Content Type ◽  
Military Commanders ◽  
The Us ◽  
The Government ◽  
Russian Military

Significance The Russian authorities have been cautious in crafting their response to the US air and artillery attack that targeted advancing Syrian government forces accompanied by members of the 'Wagner' force, recruited and trained in Russia but not officially acknowledged by the government. The Kremlin has pointedly avoided framing the incident as a US-Russian military clash. The number of deaths is unclear -- probably not the hundreds that some claim, but closer to 30 or 40. Impacts The Kremlin will seek to ride out the domestic scandal by insisting no army forces were involved. Aware that US forces will respond decisively, Russia will redouble efforts to push deconfliction efforts in Syria and avoid open challenges. In Syria, Wagner is likely to be subject to tighter control from Russian military commanders.

COVID-19 will hit US GDP but recovery may be V-shaped

2020 ◽  
Keyword(s):  
Market Liquidity ◽  
Economic Downturn ◽  
Content Type ◽  
The Public ◽  
Us Economy ◽  
The Us ◽  
Home Sales ◽  
The Government ◽  
National Emergency ◽  
Economic Outlook

Subject US economic outlook. Significance Before the COVID-19 outbreak, economic activity was growing at 2.0-2.5%, the stock market and employment were close to record highs, new home sales were rising and consumer spending had momentum. The immediate outlook for the US economy is now very unclear as the number of COVID-19 cases has surged above 3,800 and the virus is present in 49 states, prompting President Donald Trump to declare a national emergency on March 13. To bolster financial market liquidity and support businesses and households, the Federal Reserve (Fed) cut rates by 100 basis points to 0-0.25% on March 15. Impacts The public spending for the COVID-19 outbreak will add to the budget deficit as no party is willing to raise taxes in an election year. The Fed may cut rates more but will risk inflation if rates stay low too long; if recovery is rapid, rates may rise sooner than expected. Heavily indebted firms and individuals will seek assistance from the government, especially in the travel and entertainment industries. A sharper economic downturn will test Trump’s managerial skill as his voters expect him to be able to resolve their problems quickly.

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