Econometric estimation of Armington import elasticities for a regional CGE model of the Illinois economy

One of the main concerns associated with the development and use of regional CGE models is the determination of key parameter values, particularly substitution and other price elasticities. A common problem is the lack of appropriate regional data for econometric estimation. Consequently, it is important to identify key parameters that are likely to be important in determining quantitative results and then to prioritize these for estimation where appropriate data are available. In this paper, the focus is on the estimation of the regional trade (import) substitution parameters, which tend to be important in analysis for regional economies (given their openness to trade). Here, commodity import elasticities for the Illinois economy are estimated and tested in a single region CGE model of the Illinois economy. In our econometric estimation, we apply a model that takes account of market size and distance in estimating the substitutability between commodities produced in Illinois and other US states

IUCN UK Commission of Inquiry on Peatlands.

Peatlands are areas of land with a naturally accumulated layer of peat. These are formed under waterlogged conditions from carbon rich, dead and decaying plant material. In the UK mosses, mainly Sphagnum species, are the main formers of peat. Peatlands are found in at least 175 countries – from the tropics to the poles – and cover around 4 million km2 or 3% of the world’s land area. In Europe, peatlands extend to ca. 515,000 km2 . The UK is amongst the top ten nations of the world in terms of its total peatland area. The UK has between 9-15% of Europe’s peatland area (46,000-77,000 km2 ) and about 13% of the world’s blanket bog – one of the world’s rarest habitats. There are three main types of peatland in the UK: blanket bogs, raised bogs and fens. The international importance of the peatlands found in the UK give it an especial responsibility for their management and conservation. The IUCN UK Commission of Inquiry on Peatlands has gathered up-to-date knowledge from science, policy and practice. The assessment focuses on blanket bog and raised bog peatlands, because they represent over 95% of all UK peatland habitat and offer an opportunity to make early and substantial progress in delivering a combination of economic, social and biodiversity gains. However, we recognise that lowland, river and groundwater-fed fen peatlands are also vital carbon stores, as well as existing and potential areas of rich biodiversity, which have also been subject to intensive and damaging management. Fen peatlands share many of the issues affecting rain-fed peatlands but with distinct differences in terms of their functions, threats and pressures, which merit further investigation. A multidisciplinary team of experts produced this Report. It provides an authoritative assessment of the available evidence, based on peer-reviewed scientific consensus about the state of peatlands, the impacts of different activities on peatland ecosystems and the services they provide and the benefits of restoring and conserving them. The assessment explores mechanisms and processes for peatland conservation action, recognising the different social, economic and environmental drivers. The evidence-gathering approach was inclusive, engaging individual land managers as well as a wide range of organisations, which in itself has helped to foster joint action for peatland conservation and restoration. The Assessment Report sets out the main conclusions, highlighting gaps and opportunities for further action. It identifies ways to secure additional funding and develop expertise to help land managers restore the UK’s peatlands and to allow decision makers to take better account of their multiple benefits

Race, Medicine, and the Science Behind BiDil: How ACE-Inhibition Took the Fall for the First Ethnic Drug

Heart failure, ACE-inhibition, Racial/ethnic disparities, Statistical analysis, Conflict of interest, BiDil,