In the Contingent Valuation Method (CVM), both the goods being valued and the payment vehicles used to value them are mostly hypothetical. However, although numerous studies have examined the impact…

This paper investigates whether South African households and small businesses can take advantage of the country's substantial wind resources to produce their own power from small- scale wind turbines…

Does relative income have an impact on subjective well-being among extremely poor people? Contrary to the findings in developed countries, where relative income has shown a significant and negative…

Using a random sample of individuals in rural Bangladesh, this paper investigates people's ethical preferences regarding relative values of lives when it comes to saving lives of individuals of…

This paper extends the basic model of Fausmann, and theoretically analyzes how forest tenure reform, tax reform, and market development affect timber supply. By using the survey data of a village…

For the most part, economic research in Latin America has had a ‘macro’ orientation (e.g., economic growth, monetary and fiscal policy, hyperinflation crisis). This is perfectly understandable because…

Economists in Latin America are moving beyond the prevailing ‘macro’ orientation of their research focusing more on questions linked to development and the use and management of the environmental…

Everyone wants to blame the undervalued Yuan for global problems. Economists have claimed it will prolong the global recession. Pundits link the export-driven economy to lax environmental regulations…

Policy makers are under increasing pressure to deliver policies that not only foster employment and growth but also are environmentally sustainable. Green growth seeks for even more ambitious results…

We conducted a survey in the Guangdong province in China to measure happiness among preadolescents and their parents. The objective of this study was to investigate what explains preadolescents’…