The international economic order pursued by the Bretton Woods 'founding fathers' was based on the idea that a combination of different international institutions would be needed to keep the world financial system from degenerating into periodic and destructive crises (Mikesell, 1994). Following...

This paper presents a methodology to integrate cost-benefit analysis and SAM-CGE-based impact evaluation. While the two types of analysis have developed in parallel and without a clear connection, there is growing consensus that the two approaches should be integrated for complex investment...

The work focuses on the evaluation of the effectiveness of policies following a multidimensional approach to measuring their success. In particular, both the application of the counterfactual method and an efficiency analysis based on econometric techniques are proposed. The focus is on a...

This paper proposes a new interpretation of the farm size-productivity relationship. Using two rounds of the Ethiopian Rural Household Survey, and drawing on earlier work on five countries in Sub-Saharan Africa, the paper shows that the relationship between farm size and productivity is neither...

Consistent with the theory of real options, it is argued that the value of the Employment Guarantee Scheme (EGS) in the Indian state of Maharashtra and its impact on workers` behaviour do not depend so much on its income supplementation as on enlargement of opportunities in an uncertain...

This paper tests the hypothesis that portfolio diversification can increase the threat of systemic financial risk. The paper provides first a theoretical rationale for the possibility that systemic risk may be increased by the proliferation of financial instruments that lead operators to hold...

The narratives characterizing the current debate on world agricultural research tend to be part of a discourse that rationalizes past experience and future tendencies along the lines of extreme recounts of successes and failures. Stories of agricultural development and of accomplishments of...