Rights Based Fisheries Management in Canada

The conflict between efficiency and maximization of employment colours all aspects of fisheries management in Canada, including implementation of rights based fisheries management regimes. Even though rights based systems are strongly based on considerations of efficiency, sometimes at the expense of maximization of employment, a number of such regimes have been put in place in recent years. These are generally little known and little analyzed. This paper attempts to address this gap in our knowledge by surveying such schemes. For a number of reasons outlined in the paper, rights based regimes in Canada have not usually involved transferability or divisibility of quotas. Nonetheless, efficiency gains have been made where such schemes have been implemented. These are illustrated in case studies of the Atlantic offshore groundfish fishery and the Atlantic purse seine herring fishery.fisheries management, property rights, quota values, limits on transferability of rights, rationalization of fisheries, Environmental Economics and Policy, Resource /Energy Economics and Policy,

How hard is the euro area core? A wavelet analysis of growth cycles in Germany, France and Italy

Using recent advances in time-varying spectral methods, this research analyses the growth cycles of the core of the euro area in terms of frequency content and phasing of cycles. The methodology uses the continuous wavelet transform (CWT) and also Hilbert wavelet pairs in the setting of a non-decimated discrete wavelet transform in order to analyse bivariate time series in terms of conventional frequency domain measures from spectral analysis. The findings are that coherence and phasing between the three core members of the euro area (France, Germany and Italy) have increased since the launch of the euro

Public health and landfill sites

Landfill management is a complex discipline, requiring very high levels of organisation, and considerable investment. Until the early 1990’s most Irish landfill sites were not managed to modern standards. Illegal landfill sites are, of course, usually not managed at all. Landfills are very active. The traditional idea of ‘put it in the ground and forget about it’ is entirely misleading. There is a lot of chemical and biological activity underground. This produces complex changes in the chemistry of the landfill, and of the emissions from the site. The main emissions of concern are landfill gases and contaminated water (which is known as leachate). Both of these emissions have complex and changing chemical compositions, and both depend critically on what has been put into the landfill. The gases spread mainly through the atmosphere, but also through the soil, while the leachate (the water) spreads through surface waters and the local groundwater. Essentially all unmanaged landfills will discharge large volumes of leachate into the local groundwater. In sites where the waste accepted has been properly regulated, and where no hazardous wastes are present, there is a lot known about the likely composition of this leachate and there is some knowledge of its likely biological and health effects. This is not the case for poorly regulated sites, where the composition of the waste accepted is unknown. It is possible to monitor the emissions from landfills, and to reduce some of the adverse health and environmental effects of these. These emissions, and hence the possible health effects, depend greatly on the content of the landfill, and on the details of the local geology and landscape. There is insufficient evidence to demonstrate a clear link between cancers and exposure to landfill, however, it is noted that there may be an association with adverse birth outcomes such as low birth weight and birth defects. It should be noted, however, that modern landfills, run in strict accordance with standard operation procedures, would have much less impact on the health of residents living in proximity to the site

China's export growth and the China safeguard : threats to the world trading system ?

Is there evidence from China's pre-WTO accession period that newly imposed U.S. or EU import restrictions deflect Chinese exports to third markets? The authors examine this question by drawing on a newly constructed data set of U.S. and EU product-level import restrictions on Chinese trade imposed between 1992 and 2001 and estimate their impact on Chinese exports to 38 alternative markets. There is no systematic evidence that the import restrictions imposed during this period resulted in Chinese exports surging to such alternate destinations. To the contrary, there is weak evidence of a chilling effect on China's exports to third markets.Free Trade,Economic Theory&Research,Trade Policy,Trade Law,Markets and Market Access

Quantum and Classical in Adiabatic Computation

Adiabatic transport provides a powerful way to manipulate quantum states. By preparing a system in a readily initialised state and then slowly changing its Hamiltonian, one may achieve quantum states that would otherwise be inaccessible. Moreover, a judicious choice of final Hamiltonian whose groundstate encodes the solution to a problem allows adiabatic transport to be used for universal quantum computation. However, the dephasing effects of the environment limit the quantum correlations that an open system can support and degrade the power of such adiabatic computation. We quantify this effect by allowing the system to evolve over a restricted set of quantum states, providing a link between physically inspired classical optimisation algorithms and quantum adiabatic optimisation. This new perspective allows us to develop benchmarks to bound the quantum correlations harnessed by an adiabatic computation. We apply these to the D-Wave Vesuvius machine with revealing - though inconclusive - results

The U.S. trade deficit: made in China?

Rapid growth of the U.S. bilateral trade deficit with China has promoted a widespread view that the overall trade deficit is "made in China." The authors examine the probable consequences of increased protection directed toward U.S. imports from China. Their appraisal of recent and prospective U.S. trade policy focuses on textiles and apparel—sectors where the growth of imports from China has been prominent. They also consider the likely effects of yuan appreciation on the bilateral and overall trade deficits.Balance of trade ; Balance of trade - China

The Empirical Landscape of Trade Policy

This chapter surveys empirically the broad features of trade policy in goods for 31 major economies that collectively represented 83 percent of the world's population and 91 percent of the world's GDP in 2013. We address five questions: Do some countries have more liberal trading regimes than others? Within countries, which industries receive the most import protection? How do trade policies change over time? Do countries discriminate among their trading partners when setting trade policy? Finally, how liberalized is world trade? Our analysis documents the extent of cross-sectional heterogeneity in applied commercial policy across countries, their economic sectors, and their trading partners, over time. We conclude that substantial trade policy barriers remain as an important feature of the world economy.antidumpin