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Scarcity and Growth in the New Millennium: Summary AgEcon
Simpson, R. David; Toman, Michael; Ayres, Robert U..
In their 1963 classic Scarcity and Growth Howard Barnett and Chandler Morse argued that resource scarcity did not threaten economic growth. A second investigation in the late 1970s, Scarcity and Growth Reconsidered, reached largely the same conclusion. The 25 years since that work was published have witnessed many developments. The message of Scarcity and Growth that depletion of market resources was not a problem has given way to a concern that "new scarcities" of environmental quality, global climate, and biological diversity are emerging. Resources for the Future recently assembled a distinguished group of international scholars to again address scarcity and growth. This paper describes their charge and summarizes their findings. Technological progress...
Tipo: Working or Discussion Paper Palavras-chave: History of economic thought; Technological change; Renewable resources and economy; Research and Development/Tech Change/Emerging Technologies; B12; B20; N50; O13; O14; O33; O47; Q20; Q32.
Ano: 2004 URL: http://purl.umn.edu/10835
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The Economic Value of Irrigation in the Texas Panhandle AgEcon
Guerrero, Bridget L.; Wright, Andrew P.; Hudson, Darren; Johnson, Jeffrey W.; Amosson, Stephen H..
The Texas Panhandle relies largely on the Ogallala Aquifer for access to water for irrigated agricultural production. With current pumping rates and slow recharge rates, the aquifer will at some point in the future no longer be an economically viable source of water for agriculture. The objective of this study is to estimate the value of irrigated agriculture to the region. A hypothetical policy restriction is imposed which assumes a one hundred percent conversion to dryland agriculture. The study estimates the economic impact of such a change on producer income and the resulting socioeconomic impacts on communities in the region.
Tipo: Conference Paper or Presentation Palavras-chave: Economic impacts; IMPLAN; Irrigated production; Ogallala Aquifer; Water policy; Community/Rural/Urban Development; Environmental Economics and Policy; Q18; Q32; Q38.
Ano: 2010 URL: http://purl.umn.edu/56433
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The External Cost of European Crude Oil Imports AgEcon
Bigano, Andrea; Cassinelli, Mariaester; Sferra, Fabio; Guarrera, Lisa; Karbuz, Sohbet; Hafner, Manfred; Markandya, Anil; Navrud, Stale.
This paper is the first to assess operational and probabilistic externalities of oil extraction and transportation to Europe on the basis of a comprehensive evaluation of realistic future oil demand-supply scenarios, of the relative relevance of import routes, of the local specificities in terms of critical passages and different burdens and impacts along import routes. The resulting externalities appear reasonable both under the assumption of high future demand and under low demand. Estimates range from 2.32 Euro in 2030 in the low demand scenario to 2.60 Euro in 2010 in the high demand scenario per ton of imported oil.
Tipo: Working or Discussion Paper Palavras-chave: Oil Transport; Externalities Oil Spills; Risk Analysis; Resource /Energy Economics and Policy; Q32; Q25; Q41; R40.
Ano: 2009 URL: http://purl.umn.edu/50362
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Irrigation Restriction and Biomass Market Interactions: The Case of the Alluvial Aquifer AgEcon
Popp, Michael P.; Nalley, Lawton Lanier; Vickery, Gina B..
The U.S. Geological Survey has determined that irrigation in Arkansas’ Delta is unsustainable. This study examines how irrigation restrictions would affect county net returns to crop production. It also considers the effect of planting less water-intensive bioenergy crops—switchgrass and forage sorghum—in the event biofuel markets become a reality. Results suggest that sustainable irrigation restrictions without bioenergy crops would decrease producer returns by 28% in the region. Introducing these alternative crops would both reduce groundwater use and may restore state producer returns, albeit with significant spatial income redistribution to crop production throughout the state.
Tipo: Journal Article Palavras-chave: Biomass crops; Ground water irrigation; Spatial income redistribution; Sustainability; Agribusiness; Agricultural and Food Policy; Crop Production/Industries; Environmental Economics and Policy; Financial Economics; Land Economics/Use; Political Economy; Resource /Energy Economics and Policy; Risk and Uncertainty; Q24; Q25; Q32; Q42; O13.
Ano: 2010 URL: http://purl.umn.edu/57150
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A Net Present Value Model of Natural Gas Exploitation in Northern Alberta: An Analysis of Land Values in Woodland Caribou Ranges AgEcon
Hauer, Grant; Adamowicz, Wiktor L.; Jagodzinski, Robert.
This report was prepared for the purpose of providing background documentation of inputs to be used in mathematical programming models and papers, which are being prepared for our research project: Ecological and economic tradeoff analysis of conservation strategies for woodland caribou. The report presents a simple net present value model of resource and land value for natural gas in northern Alberta. The variables in the model include costs (drilling, seismic, operating and capital); geological variables (stratigraphic intervals, booked reserves, future reserves); drilling variables (well densities, drilling success rates, and drilling depths); production data and prices. Each variable is described in detail and methods of derivation are provided. A map...
Tipo: Working or Discussion Paper Palavras-chave: Net present value; Energy reserves; Natural gas; Caribou; Environmental Economics and Policy; Land Economics/Use; Resource /Energy Economics and Policy; Q49; Q32; Q57.
Ano: 2010 URL: http://purl.umn.edu/91422
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Economic Efficiency of Short-Term Versus Long-Term Water Rights Buyouts AgEcon
Wheeler, Erin A.; Golden, Bill B.; Johnson, Jeffrey W.; Peterson, Jeffrey M..
Because of the decline of the Ogallala Aquifer, water districts, regional water managers, and state water officers are becoming increasingly interested in conservation policies. This study evaluates both short-term and long-term water rights buyout policies. This research develops dynamic production functions for the major crops in the Texas Panhandle. The production functions are incorporated into optimal temporal allocation models that project annual producer behavior, crop choices, water use, and aquifer declines over 60 years. Results suggest that long-term buyouts may be more economically efficient than short-term buyouts.
Tipo: Journal Article Palavras-chave: Dynamic production function; Nonlinear optimization; Ogallala Aquifer; Water rights buyout; Agribusiness; Environmental Economics and Policy; Q30; Q32; Q38.
Ano: 2008 URL: http://purl.umn.edu/46987
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Wind Power Development: Opportunities and Challenges AgEcon
van Kooten, G. Cornelis; Timilsina, Govinda R..
In this study, the prospects of wind power at the global level are reviewed. Existing studies indicate that the earth’s wind energy supply potential significantly exceeds global energy demand. Yet, only 1% of the global electricity demand is currently derived from wind power despite 40% annual growth in wind generating capacity over the last 25 years. More than 98% of total current wind power capacity is installed in the developed countries plus China and India. Existing studies estimate that wind power could supply 7% to 34% of global electricity needs by 2050. Wind power faces a large number of technical, financial, institutional, market and other barriers. To overcome these, many countries have employed various policy instruments, including capital...
Tipo: Working or Discussion Paper Palavras-chave: Wind energy; Renewable energy; Electricity grids; Resource /Energy Economics and Policy; Q25; Q32; Q42; Q48.
Ano: 2008 URL: http://purl.umn.edu/45665
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Increasing Profitability of Small Scale Orchard Producers through Optimizing Replacement Rate: The Case Study of Ghana AgEcon
Mahrizal; Nalley, Lawton Lanier; Dixon, Bruce L.; Popp, Jennie S. Hughes.
This study sets out to empirically estimate the optimum annual replacement rate and age of cocoa trees in order to maximize the net present value of four common cocoa production systems. The study examines the costs and returns of four common cocoa production systems in Ghana associated with changes in cocoa prices, fertilizer prices, inflation rates, and labor prices. While this study focuses on cocoa, the methodology is applicable to any perennial crop. This study uses empirical yield curves and cost of production data from Ghana to determine when and what percentage of a cocoa orchard should be replaced annually to maximize net present value of revenues over time. Successive versions of the model are solved to determine how input and output price...
Tipo: Presentation Palavras-chave: Cocoa; Replacement Rate; Net Present Value (NPV); Production Economics; Q01; Q15; Q32.
Ano: 2012 URL: http://purl.umn.edu/119777
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Re-testing the Resource Curse Hypothesis Using Panel Data and an Improved Measure of Resource Intensity AgEcon
Rambaldi, Alicia N.; Hall, Greg; Brown, Richard P.C..
Most empirical studies of the Resource Curse Hypothesis (RCH) find evidence of a strong negative relationship between a country's natural resource abundance and economic growth. We question the reliability of these findings in relation to the definitions and measures used for both resource intensity and economic growth, and the econometric testing which we consider deficient. We use an alternative, per capita resource rents measure of resource intensity that excludes renewable resources and avoids the circularity and bias of other output-related measures. Using Cluster Analysis, we compare the grouping of countries on the basis of three resource intensity definitions; viz. Sachs and Warner's (1995), Gylfason and Zoega's (2002) and our per capita rents, and...
Tipo: Conference Paper or Presentation Palavras-chave: Resource Curse Hypothesis; Economic growth; Resource rents; Panel evidence; Cluster Analysis; Governance; Resource /Energy Economics and Policy; Q32; O13; O11; F43.
Ano: 2006 URL: http://purl.umn.edu/25289
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Assessing the Risk of Oil Spills in the Mediterranean: the Case of the Route from the Black Sea to Italy AgEcon
Bigano, Andrea; Sheehan, Paul.
Recent major spills on European coasts have highlighted the primary policy relevance for the EU of oil spills. This paper assesses the risks related to carrying oil to the EU along the route from the Russian Black Sea coast to Sicily, Italy (one of the most congested and strategically relevant European import routes). We develop a methodology based on Fault Tree Analysis, and we apply it to the most likely causes of an oil spill. We couple the resulting probabilities with data on expected spill size, types of oil carried and cleanup costs, to estimate expected costs for cleanup and loss of cargo. The route analysed appears to be a risky one; there is a “high” to “very high” risk of a spill along this route. The Turkish Straits turn out to be the major...
Tipo: Working or Discussion Paper Palavras-chave: Oil spills; Cleanup costs; Risk analysis; Environmental Economics and Policy; Q32; Q51; Q52; Q53.
Ano: 2006 URL: http://purl.umn.edu/12112
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The Resource Curse: A State and Provincial Analysis AgEcon
Olayele, Bankole Fred.
A puzzling piece of empirical evidence suggests that countries rich in natural resources tend to have dismal economic performance. This paradigm has come to be known as the “resource curse”. This paper deals with the role of institutional quality in explaining the transmission mechanism of the resource curse. I attempt to explain this phenomenon by using the index of economic freedom developed by the Fraser Institute as a proxy for the quality of institutions. The outcomes of the linear and non-linear interactions between resource abundance and institutional quality turn out to be the key elements that determine the intensity, if existent, or otherwise of the resource curse. Rather than look at cross country data like many others, I focus on the 10...
Tipo: Working or Discussion Paper Palavras-chave: Natural resource curse; Petroleum resources; Unbalanced panels; GMM estimation; Resource /Energy Economics and Policy; O12; Q32; Q34; O43; O47.
Ano: 2010 URL: http://purl.umn.edu/57805
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Groundwater Policy Research: Collaboration with Groundwater Conservation Districts in Texas AgEcon
Johnson, Jeffrey W.; Johnson, Phillip N.; Guerrero, Bridget L.; Weinheimer, Justin; Amosson, Stephen H.; Almas, Lal K.; Golden, Bill B.; Wheeler-Cook, Erin.
The unique nature of the Ogallala Aquifer presents interesting and confounding problems for water policymakers who are coping with changing groundwater rules in Texas. The purpose of this article is to link previous efforts in water policy research for the Ogallala Aquifer in Texas with current collaborations that are ongoing with regional water planners. A chronological progression of economic water modeling efforts for the region is reviewed. The results of two recent collaborative studies are presented that provide estimates of impacts of alternative policies on groundwater saturated thickness, water use, net farm income, and regional economic activities.
Tipo: Journal Article Palavras-chave: Groundwater economics; Ogallala Aquifer; Environmental Economics and Policy; Resource /Energy Economics and Policy; Q30; Q32; Q38.
Ano: 2011 URL: http://purl.umn.edu/117941
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Ownership Risk, Investment, and the Use of Natural Resources AgEcon
Bohn, Henning; Deacon, Robert T..
The effect of insecure ownership on ordinary investment and on the exploitation of natural resources is examined. Insecure ownership is characterized as a positive probability that a typical asset or its future return will be confiscated. For empirical analysis, the probability of confiscation is modeled as a function of observable political attributes of countries, principally the type of government regime in power (democratic versus nondemocratic) and the prevalence of political violence or instability. A general index of ownership security is estimated from the political determinants of economy wide investment rates, and then introduced into models of petroleum and forest use. Ownership risk is found to have a significant, and quantitatively important...
Tipo: Working or Discussion Paper Palavras-chave: Ownership security; Investment; Resource conservation; Resource /Energy Economics and Policy; Q32; Q23; O00.
Ano: 1997 URL: http://purl.umn.edu/10710
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COPPER CRISIS AND AGRICULTURAL RENAISSANCE IN ZAMBIA: AN ECONOMY-WIDE ANALYSIS AgEcon
Lofgren, Hans; Robinson, Sherman; Thurlow, James.
Zambia's strong dependence on copper exports has suppressed other tradables sectors, indicative of a Dutch disease phenomenon. The current copper crisis will have strong economic effects, possibly reversing such Dutch disease effects. We use a computable general equilibrium model built around a 1995 social accounting matrix to simulate the short- and long-run effects of two scenarios that reflect the current crisis, a 20 percent reduction in world copper prices and a complete collapse of copper mining. Compared to the short run, the long run is characterized by more flexibility in production technology and capital allocation. Both scenarios require a significant reduction in the "non-copper" trade deficit, absorption, and household consumption. The...
Tipo: Conference Paper or Presentation Palavras-chave: Zambia; Copper; Structural adjustment; Agriculture; General equilibrium; International Development; C68; O55; Q17; Q32.
Ano: 2003 URL: http://purl.umn.edu/25805
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The Role of R&D and Technology Diffusion in Climate Change Mitigation: New Perspectives Using the Witch Model AgEcon
Bosetti, Valentina; Carraro, Carlo; Duval, Romain; Sgobbi, Alessandra; Tavoni, Massimo.
This paper uses the WITCH model, a computable general equilibrium model with endogenous technological change, to explore the impact of various climate policies on energy technology choices and the costs of stabilising greenhouse gas concentrations. Current and future expected carbon prices appear to have powerful effects on R&D spending and clean technology diffusion. Their impact on stabilisation costs depends on the nature of R&D: R&D targeted at incremental energy efficiency improvements has only limited effects, but R&D focused on the emergence of major new low-carbon technologies could lower costs drastically if successful – especially in the non-electricity sector, where such low-carbon options are scarce today. With emissions coming...
Tipo: Working or Discussion Paper Palavras-chave: Climate policy; Energy R&D; Fund; Stabilisation costs; Environmental Economics and Policy; H0; H2; H3; H4; O3; Q32; Q43; Q54.
Ano: 2009 URL: http://purl.umn.edu/50363
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Comparing the Cost-Effectiveness of Water Conservation Policies in a Depleting Aquifer: A Dynamic Analysis of the Kansas High Plains AgEcon
Ding, Ya; Peterson, Jeffrey M..
This research analyzes two groundwater conservation policies in the Kansas High Plains located within the Ogallala aquifer: 1) cost-share assistance to increase irrigation efficiency; and 2) incentive payments to convert irrigated crop production to dryland crop production. To compare the cost-effectiveness of these two policies, a dynamic model simulated a representative irrigator’s optimal technology choice, crop selection, and irrigation water use over time. The results suggest that the overall water-saving effectiveness can be improved when different policy tools are considered under different conditions. High prevailing crop prices greatly reduce irrigators’ incentive to give up irrigation and therefore cause low enrollment and ineffectiveness of the...
Tipo: Article Palavras-chave: Cost-share program; Incentive payments; Ogallala aquifer; Dynamic optimization; Groundwater conservation; Environmental Economics and Policy; Q30; Q32; Q38.
Ano: 2012 URL: http://purl.umn.edu/123781
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Water use efficiency and maximizing profitability of grain sorghum production in the Texas Panhandle AgEcon
Ahamadou, Aly; Dembele, Mamadou; Almas, Lal K.; Brooks, Kathleen R..
The reduction in the availability of irrigation water and the increase in pumping costs resulting from the decline in the Ogallala Aquifer make good management decisions more critical for the survival of the farm firm and the success of the agricultural sector in the Texas Panhandle. Response functions for irrigation and percentage potential evapotranspiration (PET) in the production of grain sorghum are estimated. The response functions are transferred into value product functions and combined with an irrigation energy cost function to determine the profit maximizing irrigation strategy. Three management decision variables; total water available, the level of irrigation and the water to meet crop ET requirements are evaluated. Grain sorghum yield,...
Tipo: Presentation Palavras-chave: Grain sorghum; ET; Maximizing profit; Irrigation efficiency; Input use optimization; Water conservation; Ogallala Aquifer; Texas Panhandle.; Farm Management; Production Economics; Productivity Analysis; Resource /Energy Economics and Policy; Q12; Q15; Q25; Q32; And Q34.
Ano: 2012 URL: http://purl.umn.edu/119801
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A Socioeconomic Survey for the Recovery and Exploitation of the Terraced Vineyards of the Costa Viola (Calabria, Italy) AgEcon
Nicolosi, Agata; Cambareri, Domenico; Petulla, Mariangela.
The new model of rural development, based on the recognition of the economic, social and environmental function of the European agriculture, mainly headed to make strategies of intervention concerning about, from one side, the competitive ability of the agricultural and agro-industrial enterprises, and, from the other, the increasing of the economic, human, environmental and historical-cultural resources. In such context the multi-functional role of agriculture becomes central and the agricultural operators have to adapt themselves to items (the territories, the rural societies, the consumers, etc.) and to different prescriptions related to demands linked up with the productivity and/or the territory (defence of the ground, of the landscape, of the...
Tipo: Conference Paper or Presentation Palavras-chave: Agro-environmental measures; Multi-functionality; Landscape safeguard; Agribusiness; Q32; Q56; R51.
Ano: 2005 URL: http://purl.umn.edu/24486
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A Numerical Analysis of Optimal Extraction and Trade of Oil under Climate Policy AgEcon
Massetti, Emanuele; Sferra, Fabio.
We introduce endogenous investments for increasing conventional and non-conventional oil extraction capacity in the integrated assessment model WITCH. The international price of oil emerges as the Nash equilibrium of a non-cooperative game. When carbon emissions are not constrained, oil is used throughout the century, with unconventional oil taking over conventional oil from mid-century onward. When carbon emissions are constrained, oil consumption drops dramatically and the oil price is lower than in the BaU. Unconventional oil is not extracted. Regional imbalances in the distribution of stabilisation costs are magnified and the oil-exporting countries bear, on average, costs three times larger than in previous estimates.
Tipo: Working or Discussion Paper Palavras-chave: Climate Policy; Integrated Assessment; Oil Production; Oil Revenues; Oil Trade; Resource /Energy Economics and Policy; E17; F17; Q32; Q43; Q54.
Ano: 2010 URL: http://purl.umn.edu/96495
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Virtual Investment Concepts and the Ethanol Industry AgEcon
Siebert, John W.; Hagerman, Amy D.; Park, John L..
The fast-growing US ethanol industry has historically been characterized by large downstream investments made by farmers. The authors assess the value which the stock market may hold for downstream investment by farmers as well as by ethanol manufacturers themselves. The model framework used herein expands on the original VEST framework developed by Siebert, Jones and Sporleder. A word of caution, the model herein is not intended to provide an on-going, risk-reducing business strategy. However, it can and does provide a quick method to calculate the reasonableness of a downstream investment request that a farmer (or any business person) might be challenged to consider. Although virtual stock market investments may certainly assist in value added...
Tipo: Journal Article Palavras-chave: Cooperatives; Corn; Equities; Ethanol; Value added; Resource /Energy Economics and Policy; Q10; Q32.
Ano: 2008 URL: http://purl.umn.edu/53737
Registros recuperados: 34
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