In this paper we consider the option value of the environment employing a general equilibrium growth model with a stochastic technology. In our model, as in existing studies, because of irreversibility, the environment has significant real option value. However, unlike the existing literature in...

In this paper we consider the option value of the environment employing a general equilibrium growth model with a stochastic technology. In our model, as in existing studies, because of irreversibility, the environment has significant real option value. However, unlike the existing literature in...

Despite commitments to the WTO and the AFTA, many agricultural commodities continue to enjoy protection in the form of tariffs and quotas. Still, the sector has performed dismally relative to other countries. Using tariffs alone, corn producers possess comparative advantage under the 5 percent...

This paper provides a closer examination on the impact of the Common Effective Preferential Tariffs (CEPT) scheme on manufacturing industry by assessing the effects of the CEPT on the textile industry. This also identifies the gainers and the vulnerable sectors due to CEPT imposition.

This study analyses the economics of Non Timber Forest Products (NTFPs) and the economic values appropriated by tribals in a protected area in India. Using primary data covering a cross section of tribals in the Nagarhole National Park (NNP), South India the stud y notes that the economic values...

This article is part of the seminar-workshop on the “Consequences of Small Farm Mechanization on Production, Employment and Incomes in the Philippines” sponsored jointly by the Ministry of Agriculture, the National Economic and Development Authority, the Philippine Institute for Development...

This article is part of the seminar-workshop on the “Consequences of Small Farm Mechanization on Production, Employment and Incomes in the Philippines” sponsored jointly by the Ministry of Agriculture, the National Economic and Development Authority, the Philippine Institute for Development...

Despite commitments to the WTO and the AFTA, many agricultural commodities continue to enjoy protection in the form of tariffs and quotas. Still, the sector has performed dismally relative to other countries. Using tariffs alone, corn producers possess comparative advantage under the 5 percent...

This paper provides a closer examination on the impact of the Common Effective Preferential Tariffs (CEPT) scheme on manufacturing industry by assessing the effects of the CEPT on the textile industry. This also identifies the gainers and the vulnerable sectors due to CEPT imposition.

The existing Forth Road Bridge near Edinburgh in Scotland at present carries 24 million vehicles annually, which is twice its design capacity. The need for a second Forth Road Bridge is discussed in this paper. There is currently a proposal for design and construction of the second Forth Road...