This report presents an update of poverty and income distribution statistics in Latin America and the Caribbean and examines the trends in these statistics during the 1980s. The document also provides a series of nonmonetary social indicators to help complete the profile of living conditions in...

In this paper we study the impact of air pollution on hospital admissions for chronic obstructive pulmonary disease for 103 Italian provinces, over the period from 2004 to 2009. We use information on annual mean concentrations of carbon monoxide, nitrogen dioxide, particulate matter, and ozone...

The fate of CO2 hydrate disposed of in the ocean is analyzed based on thermodynamic theory. It is found that CO2 hydrate and seawater form a stable system only when (a) the system pressure p and temperature T fall within the hydrate-formation region in the ocean (i.e. p 4.5MPa and T 283 K) and...

This study derives optimal hedging rules for simultaneously minimizing short- and long-term shortage characteristics for a water-supply reservoir. Hedging is an effective measure to reduce a high-percentage single period shortage, but at a cost of more frequent small shortages. Thus...

At the turn of the millenium, most of the APEC countries have embarked upon an ambitious plan for open multilateralism. Using an 18-region, 16-sector dynamic computable general equilibrium (CGE) model of the global economy, we evaluate the effects of APEC trade liberalization on member-country...

The theoretical literature on trade and foreign direct investment (FDI) indicates that they could be either substitutes or complements. The empirical evidence on U.S.-Japan and Asia-Pacific Economic Cooperation (APEC) countries suggests that trade and FDI exhibit a complementary relationship. In...

A consumer entering a new bookstore can face more than 250,000 alternatives. The efficiency of compensatory and noncompensatory decision rules for finding a preferred item depends on the efficiency of their associated information operators. At best, item-by-item information operators lead to...