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The Economics of Structural Change in Knowledge (Routledge Studies In Global Competition Ser. #58)
by Francesco QuatraroThis book provides an elaboration upon the concept of knowledge from an economic viewpoint. However this is not a book on economics of knowledge, at least not in the conventional sense. Most of the existing books on the matter have focused on the treatment of knowledge in terms of properties of knowledge as an economic good, incentive schemes for the creation of knowledge, issues about the codified/tacit nature of knowledge and the like.
The Economics of Subsidising Agriculture: A Study of British Policy (Routledge Revivals)
by Gavin McCroneOriginally published in 1962, this book was a study of British agricultural policy since the Second World War – during a period which saw the adoption of a comprehensive system of agricultural support which stood in marked contrast to the free trade policy adhered to previously. The policy of support brought a substantial increase in the output of British agriculture, but it imposed a heavy burden on the taxpayer and was the subject of much controversy. The author considers the economic issues involved with this policy and compares the role of agriculture in Britain with the part it played at the time in other countries. The book analyses the main sources of Britain’s food supply in the second half of the 20th century and examines the effect of the European Common Market. The British system of support is contrasted with that used in other European countries.
The Economics of Sustainability (The International Library of Environmental Economics and Policy)
by Michael A. Toman John C.V. PezzeyBefore the late 1980s, when the ideas of sustainability and sustainable development to the forefront of public debate, conventional, neo-classical economic thinking about development and growth had rarely given any consideration to the needs of future generations, or the sustainability of natural resource use. Defining sustainability broadly as intergenerational fairness in the long-term decision making of a whole society, and using established economic concepts, this selection of refereed journal articles brings a famously ill-defined concept into sharp focus, providing academics at all levels with a formidable research tool. Spanning thirty years of the most important philosophical, theoretical and empirical contributions from both critics and defenders of neo-classical assumptions and methods of economic analysis, this focused collection of papers constitutes a unique, balanced resource on the full range of intellectual debates surrounding the economics of sustainability.
The Economics of Sustainable Development
by Shunsuke Managi Surender KumarThis book provides a look at the current status and future potential of sustainable development in India. Macroeconomic developments, regional disparity and poverty situation, the trend in natural resource depletion and environmental degradation, trajectory of economic development, and conventional wealth are discussed. A history of environmental regulations and the current state of the environment in India are provided along with the possible reasons for non-compliance of environmental standards in the country. This book studies many different aspects of industries in India from supply and demand sides and efficiency and productivity analyses are provided in detail. Before the liberalization of its economy began in 1991, India had been one of the most over-regulated and closed economies in the world. Market productivity is examined and tests whether the post-reform period shows any improvement in productivity and efficiency in comparison to the pre-reform period. Other subjects are discussed, including the economic value that the urban population of India places on improving the air quality, the cost of sustainable industrial development, industrial water use and analysis of the relationship between the price of oil and the macro economy as it applies to India.
The Economics of Sustainable Development and Distribution: The Unfairness and Injustice of Milton Friedman’s Capitalism (Routledge Studies in Ecological Economics)
by Dariusz PieńkowskiDrawing on a broad transdisciplinary background, this book compares distributive justice systems and related socioeconomic institutions within the liberal and sustainable development traditions. Confronting the capitalist worldview of prominent Nobel Prize–winning economist Milton Friedman, the book offers a theoretical framework for sustainable development: a new paradigm of economics grounded in environmental and social issues. The analysis takes as its starting point that the development and evolution of human beings is codetermined by socioeconomic institutions. These institutions facilitate models of society, morality and human behaviour: they are all social constructs. This matters because the liberal system of justice uses the claim that ‘life is unfair’ as the justification of socioeconomic inequalities, and it is these institutions which determine the concepts of fairness and justice. Therefore, the liberal system’s favouring of entrepreneurs should require advance measures to safeguard the interests of the losers—instead, it seeks to justify their misfortunes. It is argued that this liberal notion of fairness can only be fairly executed in conditions of perfect market competition, which have never existed. In contrast, the principles of sustainable development pay attention to the problems generated by the unjust and unfair distribution of resources and postulate wider use of the fairness formula ‘to each according to their needs’. It is thus more focused on fair ends than on fair procedures. This book is addressed to scholars and advanced students in ecological economics, environmental economics, economics of sustainable development and political science.
The Economics of Sustainable Development: A Machine-generated Literature Overview
by Gurudas NulkarThis book is a machine-generated literature overview that explores the interlinkages between communities, both rural and urban, and how they are dependent on natural resources and ecosystem services for livelihoods. With increasing urbanization and changing land use, sourcing food, fuel, and other basic needs from forests and grasslands is turning into a significant challenge, especially in the developing world where they have to balance regional aspirations against the environmental impact and legacy for forthcoming generations. As sources of sustainable livelihoods decline, it affects their ability to overcome poverty. Furthermore, economic impacts on the natural capital can undermine the long-term sustainability of communities, and negatively affect their health and well-being.To ensure economic growth and sustainable livelihoods, it is imperative to rethink how economic growth and agriculture can reduce their impacts on the natural environment. How dowe integrate economic, social, and environmental aspects into our economy? The book will discuss aspects of sustainable consumption, conservation of ecosystems and biodiversity, and making rural communities resilient to the impacts of climate change. By recognizing the economic value of ecosystem services, decision-makers can better understand the benefits and costs of different land uses and resource management practices and make more informed choices that promote sustainable livelihoods and natural capital conservation. The book will be a great resource for policy-makers, students of economics and sustainable development, non-governmental organizations working in this field, and corporate managers who are responsible for allotting budgets towards corporate social responsibility programs.^
The Economics of Sustainable Food: Smart Policies for Health and the Planet
by Nicoletta BatiniProducing food industrially like we do today causes tremendous global economic losses in terms of malnutrition, diseases, and environmental degradation. But because the food industry does not bear those costs and the price tag for these losses does not show up at the grocery store, it is too often ignored by economists and policymakers.The Economics of Sustainable Food details the true cost of food for people and the planet. It illustrates how to transform our broken system, alleviating its severe financial and human burden. The key is smart macroeconomic policy that moves us toward methods that protect the environment like regenerative land and sea farming, low-impact urban farming, and alternative protein farming, and toward healthy diets. The book's multidisciplinary team of authors lay out detailed fiscal and trade policies, as well as structural reforms, to achieve those goals.
The Economics of Sustainable Transformation (Routledge Advances in Regional Economics, Science and Policy)
by Aneta Pluta-Zaremba Anna SzelągowskaThis book presents the ways in which three key issues of the modern world – transformation, digitalisation and sustainability – may be combined for the greater good and highlights which activities may be designed to integrate these three directly linked paths. It is an experience-derived and evidence-based analysis of how sustainable development impacts the transformation of the economy and how the business environment influences economic transformation in the light of the sustainable development principles. The book addresses the current challenges and shows how the economy can be transformed further in an organic way that meets the needs of society and the environment, through the use of digital technologies. The multidisciplinary approach to sustainability transformation is one of the core strengths of the book, as it emphasises the need for a holistic approach to the functioning of sustainable development ideas at the micro- and macro-levels. The authors present a fresh perspective, particularly around the regulations stimulating the sustainable development of enterprises, tax systems, and the allocation of capital. Moreover, the book brings together and makes available the results of the latest research on the subject, using a vast amount of primary evidence and both quantitative and qualitative methodology. The authors’ insights go beyond the obvious effects of economic transformation and call attention to ways in which smart technology and digitalisation may help to achieve the Sustainable Development Goals. The book is directed first and foremost towards academics, researchers and students, but also professionals, who would like to expand their knowledge of sustainable development from a scientific perspective.
The Economics of Talent: Human Capital, Precarity and the Creative Economy (SpringerBriefs in Regional Science)
by Alessandra Faggian Roberta Comunian Charlotta Mellander Lauren EnglandTo date, research into urban economics, regional science and economic geography has predominantly focused on the firm and industry as the key units of analysis in order to understand economic development; however, the past few decades have seen a growing interest in the role played by talent in the knowledge economy. This book provides an essential overview of the skills revolution. It presents key milestones of the changes in economic development in the past few decades and explains the motivation behind the rise of talent, as well as its importance for cities and economies. It also offers advice on how to attract and manage talent – a major determinant of competitiveness for countries and regions around the world. In closing, the book explains the underlying theories and provides practical examples for students, researchers and practitioners alike.
The Economics of Target Balances: From Lehman to Corona
by Hans-Werner SinnTarget balances are the largest single item in some of the balance sheets of the Eurosystem’s national central banks (NCBs), and yet very little is known about them by the general public and even by economists. This book shows that Target balances measure overdraft credits between the NCBs that resemble ordinary fiscal credit and which have grown disproportionately, exceeding one billion euros. There is, however, no parliamentary legitimation for the Target balances. The book sheds light on the economic significance of the balances, questions their limitlessness, and addresses controversial views that have been expressed regarding them. It uses the Target statistics to analyze the course of the euro crisis and the ECB’s policy reactions from the time of the Lehman bankruptcy up to the outbreak of the Corona crisis. It analyses the credit risks involved for the Eurosystem and concludes with a reform proposal. This book will be of interest to non-specialist economists and policy makers.
The Economics of Tax and Social Security in Japan
by Yoshimi AdachiThis book integrates the fundamentals of quantitative significance, using existing estimates of the elasticities of demand for tax, health insurance, and medical services in a static microsimulation model. It serves as a guide to the financial and social basics of health insurance and provides the reader with the intellectual groundwork indispensable for understanding the incorrect assumptions about the elasticities of demand and pattern of tax and health insurance. Most countries feel constant pressure because expenditure is increasing and resources are scarce. The topics addressed in this book including several frameworks leading to over-insurance, excess demand for medical care, and rapid expenditure growth in the medical care sector. Illustrated by carefully chosen examples and supported by extensive data analyses, this book is highly recommended to readers who seek an in-depth and up-to-date integrated overview of the ever-expanding theoretical and quantitative fields of containing costs, increasing funding for health services, or both.
The Economics of Terrorism: Investigative Economics And New Horizons For The Economic Analysis Of Terrorism (Routledge Studies in the Modern World Economy)
by Peter J. PhillipsBrutality is the defining characteristic of terrorism. It is despairing to learn that this brutality is the outcome of purposeful, rational, human behaviour. In this purposefulness, however, there lies the key to the interpretation, explanation and understanding of terrorist behaviour. Ultimately, it is in this purposefulness that we shall also find the key to overcoming terrorism. Economic analysis highlights this purposefulness, this rationality, and in doing so provides a different perspective from which to approach the threat of terrorism and the task of pre-empting and pursuing its perpetrators. This book develops this economic perspective within a series of important contexts, each characterised by particular types of terrorist behaviour, choices and strategies. The Economics of Terrorism brings new insights on how to deal with such challenges as the terrorist group’s choice of attack method and target location, terrorist financing and ‘copycat’ behaviour.
The Economics of Time and Ignorance: With a New Introduction (Routledge Foundations of the Market Economy)
by Gerald P O'Driscoll Jnr Mario J RizzoThe Economics of Time and Ignorance is one of the seminal works in modern Austrian economics. Its treatment of historical time and of uncertainty helped set the agenda for the remarkable revival of work in the Austrian tradition which has led to an ever wider interest in the once heretical ideas of Austrian economics. It is here reprinted with a substantial new introductory essay, outlining the major developments in the area since its original publication a decade ago.
The Economics of Tourism
by Mike J. Stabler Andreas Papatheodorou M. Thea SinclairThis new edition of The Economics of Tourism reflects the tremendous changes that have occurred in the tourism sector in the last twelve years. It recognizes that the nature of tourism demand and supply is being transformed by innovations in information communication technologies, market liberalization and climate change. Paralleling this, there is much greater interest in the study of tourism by both students and researchers in mainstream economics. The text is now in four parts covering: demand; supply; national, regional and international matters and environmental issues. The concluding chapter appraises the state of the economic research into tourism. The increased interest in tourism has engendered the development of new methods of analysis and the refinement of established ones. Accordingly, the book has been extensively restructured, revised and expanded with two new chapters: chapter six of the first edition is now broken down into two and a new chapter has been added on environmental issues to take account of new developments, critically review the associated literature and consider future trends in tourism economics research. The reader-friendliness of the book has also been enhanced in various ways, such as the extensive chapter cross-referencing to refresh the reader’s memory and the inclusion of a detailed list of abbreviations. The Economics of Tourism will continue to make accessible for the non-specialist, the application and relevance of economics to tourism. Extensively revised and updated, including research and case studies the textbook will be an indispensable resource for both students and researchers.
The Economics of Tourism Destinations
by Guido Candela Paolo FiginiThe book aims at providing an overview of the main economic issues related to tourism activities. While tourism is an important sector, contributing to more than 10% of the European Union's GDP, research and teaching at the university level has only recently grown to a considerable level, and the field still lacks a firm research methodology. This book approaches tourism economics as an applied field of study in which tourism markets are represented as imperfect markets, with asymmetric and incomplete information among agents, bounded rationality, and with a strong presence of externalities and public goods. The economic issues studied in the book are approached both intuitively, largely using examples and case studies, and formally, with mathematical formalizations in text boxes.
The Economics of Tourism Destinations: Theory and Practice
by Norbert VanhoveThe measurement of tourism, for example analysing competitiveness and evaluating tourism projects, is not an easy task. Now in its third edition, The Economics of Tourism Destinations: Theory and Practice provides a succinct guide to the economic aspects of tourism for students and practitioners alike to decipher the methods of measurement of supply, demand, trends and impacts. This new edition has been revised and updated to include: Three new chapters: Tourism as a development strategy, Tourism export-led growth, and a dedicated chapter on Macro-evaluation of tourism projects and events, including the travel cost method and the contingent valuation method. New case studies from emerging destinations in Asia, Australia and America to show theory in practice. New and updated data throughout. Each chapter combines theory and practice and is integrated with international case studies. Combining macro- and micro-aspects of economics to the tourism destination, this is an invaluable resource for students learning about this subject, as well as being aimed at tourism researchers and policy-makers.
The Economics of Tourism Destinations: Theory and Practice
by Norbert VanhoveRevised and updated, the fourth edition of The Economics of Tourism Destinations provides a guide to the economic aspects of tourism for students and practitioners to decipher the methods of measurement of supply, demand, trends and impacts as well as the role of tourism in development strategy for destinations and regional development. Each chapter combines theory and practice, and international case studies are provided. New to this edition: Three brand new chapters on overtourism, terrorism and pandemics, and sustainable development, covering the importance of risk management and sustainable strategy in relation to tourism management. New content on climate change, Airbnb, the impact of events and sustainable tourism development. Pedagogical features: new case studies, discussion questions and student activities to show theory in practice and encourage reflection on the content. Updated data throughout and reference to important new literature. Combining macro and micro aspects of economics to the tourism destination, this book is an invaluable resource for students studying this topic.
The Economics of Trade Unions: A Study of a Research Field and Its Findings (Routledge Studies in Labour Economics)
by Richard B. Freeman Hristos Doucouliagos Patrice LarocheRichard B. Freeman and James L. Medoff’s now classic 1984 book What Do Unions Do? stimulated an enormous theoretical and empirical literature on the economic impact of trade unions. Trade unions continue to be a significant feature of many labor markets, particularly in developing countries, and issues of labor market regulations and labor institutions remain critically important to researchers and policy makers. The relations between unions and management can range between cooperation and conflict; unions have powerful offsetting wage and non-wage effects that economists and other social scientists have long debated. Do the benefits of unionism exceed the costs to the economy and society writ large, or do the costs exceed the benefits? The Economics of Trade Unions offers the first comprehensive review, analysis and evaluation of the empirical literature on the microeconomic effects of trade unions using the tools of meta-regression analysis to identify and quantify the economic impact of trade unions, as well as to correct research design faults, the effects of selection bias and model misspecification. This volume makes use of a unique dataset of hundreds of empirical studies and their reported estimates of the microeconomic impact of trade unions. Written by three authors who have been at the forefront of this research field (including the co-author of the original volume, What Do Unions Do?), this book offers an overview of a subject that is of huge importance to scholars of labor economics, industrial and employee relations, and human resource management, as well as those with an interest in meta-analysis.
The Economics of Transition: Developing and Reforming Emerging Economies (Routledge Advanced Texts in Economics and Finance)
by Ichiro IwasakiIn the last three decades since the fall of the Berlin Wall, there has been a vast amount of study looking at transforming the planned economy to a market economy from both theoretical and empirical aspects. This book provides an overview and insight into transition economies in the recent decades and looks at key economics topics from the so-called “transition strategy debate” to environmental reform. The book also includes an analytical review and meta-analysis of the existing literature. By integrating theoretical discussions and synthesizing empirical findings in a systematic manner, this book may help to enlighten the debate on the timing, speed, and policy sequence of economic transition. The book will particularly appeal to researchers, policy makers, other practitioners, and under- and post-graduate students who are interested in transition economies in Eastern Europe, the former Soviet Union, Southeast Asia, and China. It aims to be read as an advanced reader.
The Economics of Transparency in Politics
by Ronald Wintrobe Gianluigi GaleottiThe purpose of this book is to formulate economic models of the advantages and costs of transparency in various areas of public sector activity and to assess what level of obfuscation in politics is rational. The chapters are arranged in four parts. Part 1 is concerned with the manifestations of transparency and obfuscation in domestic democratic settings whilst Part 2 deals with the same realities but in an international context. Part 3 looks at corruption and Part 4 considers some of the implications of transparency and obfuscation for the working of governments and the formulation of public policies.
The Economics of Transport Appraisal (Routledge Library Editions: Transport Economics #10)
by A.J. HarrisonThis book, first published in 1974, provides a comprehensive review of the application of economic concepts to the appraisal of transport systems. It presents the basic economic ideas underlying their application to transport appraisal. The exposition of these concepts links recent advances in economic theory to practical evaluation procedures. The bulk of the book is concerned with how the basic concepts may be put to use.
The Economics of Transport: A Theoretical and Applied Perspective
by Jonathan CowieThis book provides an explanation of key underlying economic principles, allowing the reader to come to a better understanding of the critical factors that structure and guide transport markets. This is done through an examination of the interaction between the behaviour of individual users and providers of transport services and transport authorities actions through the implementation of transport policy. The book also considers on-going reforms in the organisation of all aspects of transport provision. These reforms seek to move transport delivery away from a model of high state intervention towards one that is far more market focused in its approach, thereby significantly increasing individuals’ responsibilities for their own transport actions. The Economics of Transport covers topics such as; - The demand and supply of transport services - Market structures and the underlying economic characteristics of transport markets - The economics of transport and the environment - Transport subsidises and regulation - Transport forecasting and appraisal With a selection of case studies and exercises, this book will be of use to higher level students. It will also be of interest to professionals in the transport planning, transport modelling and transport economics fields.
The Economics of U.S. Health Care Policy: The Role of Market Forces
by Frank W. MusgraveDesigned as a primary text for courses in health care economics and policy analysis, this comprehensive work places the issues and economic analysis of the health care industry in the context of market forces driving the industry, including negotiated markets, managed care, and the growing influence of oligopolies. Written in accessible prose, without the aid of technical jargon and mathematical formulations, the content is rich with applicable, understandable economic concepts and analysis, and examples of market failure and government involvement. Some of the major policy issues covered are drug pricing, Medicare and Medicaid reform, the medically uninsured, for-profit hospital monopoly price power, managed care competitive pricing, and new negotiated markets. The relevant economic concepts employed in the text include price elasticity of demand/supply, market structure from competitive to oligopolistic markets, monopoly pricing power, measures of health care inflation and the biases of the CPI, demand and supply factors, inverse relationship of present health care expenditures as a percentage of GDP, measures/concepts of efficiency, and the role of government in a market era.
The Economics of UN Peacekeeping
by Nadège SheehanPeacekeeping is a security concept that is very representative of the current interventionism, multilateralism, human rights, and humanitarian ideas. UN peacekeeping plays an important role in international security and includes various activities that go beyond the original roles assigned to UN armed forces (e.g. humanitarian aid, election supervision, disarmament, mine clearance, civilian protection, and peacebuilding). The problem is to define the economic efficiency of these operations and to develop some recommendations in the context of an economic globalization process. Although UN peacekeeping has shortcomings, it must be considered essential for organizing and defending the world politico-economic order. UN peacekeeping is a political activity, but its production strongly depends on nations’ economic considerations. Governments make political decisions that also take into account the economic gains they expect to obtain from their contribution to any specific mission. With low means and inadequate strategies to meet the challenges, UN peacekeeping must pay particular attention to resolving the problems of free riding and of prisoner’s dilemma in contributions that delay deployments and create significant financial problems. Understanding how peacekeeping can be most cost-effectively carried out, while considering the importance of legitimacy in interventions, is essential. This book believes that regional organizations can ease the UN’s financial responsibility by managing conflicts in their regions. But, to be most effective, they must involve the UN in their interventions. This book also emphasizes UN peacekeeping trust funds as the key to better financial effectiveness. It strongly recommends that NATO be empowered by the UN with the role of global peace police, and proposes the establishment of a UN high-ranking team of international specialists in peacekeeping issues. This research should be of interest to students and researchers looking at international and political economics, as well as international relations, defence, security and peace studies.
The Economics of US Health Care Policy
by Charles E. Phelps Stephen T. ParenteIn this book, Phelps and Parente explore the US health care system and set out the case for its reform. They trace the foundations of today’s system, and show how distortions in the incentives facing participants in the health care market could be corrected in order to achieve lower costs, a higher quality of care, a higher level of patient safety, and a more efficient allocation of health care resources. Phelps and Parente propose novel yet economically robust changes to US tax law affecting health insurance coverage and related issues. They also discuss a series of specific improvements to Medicare and Medicaid, and assess potential innovations that affect all of health care, including chronic disease management, fraud and abuse detection, information technology, and other key issues. The Economics of US Health Care Policy will be illuminating reading for anyone with an interest in health policy, and will be a valuable supplementary text for courses in health economics and health policy, including for students without advanced training in economics.