Liquidity Traps and Large-Scale Financial Crisis
In: CESifo Working Paper Series No. 7096
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In: CESifo Working Paper Series No. 7096
SSRN
Working paper
In: The American journal of economics and sociology, Volume 19, Issue 4, p. 369-369
ISSN: 1536-7150
In: The Economic Journal, Volume 39, Issue 154, p. 291
In: Journal of contingencies and crisis management, Volume 18, Issue 1, p. 55-70
ISSN: 0966-0879
Natural resources are likely to become, over the 21st century, the focus of an intensified competition among different uses, competition triggered by the rapidly increasing demand for water, energy, food and minerals related to population growth and urbanisation, and by changing lifestyles and diets. The availability of any kind of resource has a strict dependence on land. This dependence is very high for agriculture and water, and very significant for energy and minerals. Land ownership and use adds layers of complexity in the nexus relating water, energy and food, which are the key pillars of human well-being and societal development globally. In global this context, it seems to be important to increase understanding of the converging global dynamics that have spurred a global rush for agricultural land in Africa, Latin America and parts of South-east Asia, which has intensified after the food price crises in 2007-2008, after many years of little investments in the agricultural sector. This trend is generally referred to as land grabbing and is characterised by purchases or long-term leases (which typically run for 50 to 99 years) of farming land by either private or public investors. In the first part of the thesis, I have reviewed the literature, explaining the drivers and the trends of Large-Scale Land Acquisitions (LSLAs). It is easy to see that the majority of such investments are targeting Africa continent. This because at the first sight the continent presents the most available land in the world ready to be cultivated. "Available", "degraded" and "underutilized", have became epithets in common usage among proponents of large-scale land acquisitions, rendering landscapes as commodities ready for the taking. Foreign and local investments offer crucial opportunities to recipients in terms of access to capital, technology and innovation, foreign market access and infrastructure development. However there are development risk associated with insecure property rights and land concentration. Hence, concern for the recent capital flows is linked to the likelihood that it may shift the path of agricultural development away from smallholder strategies, with the possible negative implications extensively discussed in the development and agricultural economics literature. In the following part, using a beta regression, I have investigated the determinants of land acquisitions for large-scale agriculture. Results confirm the central role of agro-ecological potential as a pull factor, and also that such investments in Africa are targeting forested areas. During the 1980 – 2000 period, more than half of the new agricultural land across the tropics came at the expense of intact forests, and another 28% came from non intact forests, raising concerns about environmental services and biodiversity globally. Intensive farming, which continues to increase, has resulted in loss of natural habitats and species living in them. Forest and mixed-use woodlands are often targeted by government for agriculture expansion in order to avoid the displacement of crop land. In the third part of my thesis, I have analysed the link between inequality access to land and growth, given that the large size of foreign and domestic capital flows in conjunction with state landlordism in Africa may result in a development path that is geared towards large farms and land concentration. The average size of a farm in Africa is 2.2 ha, namely a very small size if compared to investments in land that are at least 200 ha large. In order to analyse the above link I have used a meta regression technique to review the land inequality literature. A large literature on inequality and growth has firmly established a strong role of land inequality as determinant of income inequality, and the negative impact of land inequality on long term growth; long term analysis also clearly shows that inequality in asset ownership once established is very difficult to reverse. The policy implications are that smallholder or outgrower strategies should be encouraged also in a context of large-scale deals, the degree of legal protection of land rights is crucial, elements of land related corporate social responsibility could usefully integrate public regulation in the domain of protection of user's rights. In the last part, I have done a preliminary assessment of loss of carbon following the conversation of land use from forest to crop land. Converting a forest to crop-land, for example, for biofuels production can result in much more global warming pollution than the amount that can be reduced by the biofuels grown on that land. Thus, I have assumed that 30 per cent of such investments are happening on forest land, unfortunately the inaccuracy of localization data do not allow an assessment more precise.
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In: International Development Policy
This book examines large-scale land acquisitions, or
In: Journal of contingencies and crisis management, Volume 18, Issue 1, p. 55-69
ISSN: 1468-5973
Contingency plans for hazards are based on scenarios at different scales. The most extreme scenarios reflect the idea of 'think the unthinkable'. For large‐scale floods in the Netherlands, this idea has been given an upper limit called 'worst credible floods': an upper limit for floods that are still considered realistic or credible by experts. Considering the enormous impact of a worst credible flood in the Netherlands and the uncertainty of how a disaster might unfold, a realistic preparation for flood disasters should leave room for improvisation and should be based on relatively simple plans, and on public awareness. The huge consequences of worst credible floods show that the country's safety will continue to depend on pro‐active and preventive measures.
In: IMF Working Paper No. 2023/041
SSRN
In: Business Economics in a Rapidly-Changing World
In: Pragmatist DemocracyEvolutionary Learning as Public Philosophy, p. 43-62
In: The Manchester School, Volume 21, Issue 2, p. 165-175
ISSN: 1467-9957
In: Adversarial Reasoning; Chapman & Hall/CRC Computer & Information Science Series, p. 251-285
In: Philosophy of the social sciences: an international journal = Philosophie des sciences sociales, Volume 30, Issue 1, p. 89-112
ISSN: 1552-7441
A prominent historiographic theme in the past decade has been a movement away from causal explanation of large-scale processes and outcomes and toward narrative interpretation of singular historical processes. This article argues for the continued vitality of large-scale historical inquiry and surveys the historiographic issues that arise in large-scale historical explanation. The article proceeds through an examination of several important recent examples of large-scale history: comparative history of Europe and China, the history of alternative forms of industrial organization, and the history of technology. These three cases provide the basis for a conception of what may be called "conjunctural contingent meso-level" explanations: explanations that identify intermediate-level structures and processes and highlight both the structural factors that govern change and the multiple pathways that change can take.
In: Political analysis: PA ; the official journal of the Society for Political Methodology and the Political Methodology Section of the American Political Science Association, Volume 30, Issue 3, p. 346-363
ISSN: 1476-4989
AbstractRecent advances in the study of voting behavior and the study of legislatures have relied on ideal point estimation for measuring the preferences of political actors, and increasingly, these applications have involved very large data matrices. This has proved challenging for the widely available approaches. Limitations of existing methods include excessive computation time and excessive memory requirements on large datasets, the inability to efficiently deal with sparse data matrices, inefficient computation of standard errors, and ineffective methods for generating starting values. I develop an approach for estimating multidimensional ideal points in large-scale applications, which overcomes these limitations. I demonstrate my approach by applying it to a number of challenging problems. The methods I develop are implemented in an r package (ipe).