THE BASIC PUBLIC FINANCE OF PUBLIC–PRIVATE PARTNERSHIPS

Public–private partnerships (PPPs) have been justified because they release public funds or save on distortionary taxes. However, the resources saved by a government that does not finance the upfront investment are offset by giving up future revenue flows to the concessionaire. If a PPP can be justified on efficiency grounds, the PPP contract that optimally balances demand risk, user‐fee distortions, and the opportunity cost of public funds has a minimum revenue guarantee and a revenue cap. The optimal contract can be implemented via a competitive auction with reasonable informational requirements. The optimal revenue guarantees, revenue sharing agreements, and auction mechanisms are different from those observed in the real world. In particular, the optimal contract duration is shorter in demand states where the revenue cap binds. These results also have implications for budgetary accounting of PPPs, as they show that their fiscal impact resembles that of public provision, rather than privatization.     

The urban market of Açaí fruit (Euterpe oleracea Mart.) and rural land use change: Ethnographic insights into the role of price and land tenure constraining agricultural choices in the Amazon estuary

This paper examines the recent development of the açaí fruit economy in regional Amazonian urban markets (as a staple food) and more recently among national and international consumers (as a fashion food) and the consequences for agroforestry intensification by Caboclo communities in the Amazon estuary. The paper is based on long-term ethnographic research and field experiments; the açaí fruit economy is discussed from agricultural, social, and economic perspectives; attention is given to its historical development, the structure of açaí fruit production, its agents, the relationship among themselves and the urban market. Decadal price performance is presented for açaí fruit and açaí transportation costs and compared to major agropastoral products for the Eastern Amazon region. Dominant views about the economic rationality of rural producers' decision-making are discussed. Açaí fruit has performed as well as and in some cases surpassed most agro-pastoral products of the Northern region. Economic returns for producers reflect linkages between price signals from urban markets, harvesting decision, and land tenure condition of the producer. Urban markets for the fruit is expanding and bringing new participants to the açaí fruit economy further conditioning the ability of rural producers to take advantage of external markets for forest products. Discussion of factors conditioning agricultural development and integration between urban and rural areas conclude the article.     

Synergistic development and participatory action research in a Nahuat community

This is a report of twenty years of participatory action research conducted by a team of Mexican urban professionals with community members in a Nahuat indigenous region at Sierra Norte de Puebla (Mexico). The article first outlines three main issues of Latin American participatory action research projects. The context and the unfolding of the case are presented through five stages highlighting the role of the team, its relationship with the community along the years, and the development of some of their joint activities. In the final pages the authors evaluate the case in relation to the issues raised in the first section and discuss what is important about this process. María Eugenia Sánchez is a sociologist and President and Founder of Proyecto de Animación y Desarrollo, Asociación Civil (PRADE A.C.), the nongovernmental organization living and working since 1973 in San Miguel Tzinacapan (Mexico). She is currently (1992–1993) a Fulbright Scholar at the Latin American Studies Program, Center for International Studies at Cornell University. He is currently (1992–1993) a Fulbright Scholar at the Latin American Studies Program, Center for International Studies at Cornell University. Address for correspondence: María Eugenia Sánchez or Eduardo Almeida, 190 Uris Hall, Latin American Studies Program, Cornell University, Ithaca, N.Y. 14853-7601. In Mexico: PRADE, A.C., Apartado Postal 6, Cuetzalan, Pue. 73560 Mexico.     

Catholic social teaching and business ethics: A search for moral foundations

Do the social encyclicals, especially the 100-year old Rerum Novarum,have any relevance to business people and managers in the practice of their profession? To respond to this question, one must attempt to find a link between Catholic social teaching and business ethics. Establishing this relationship is the goal of this paper. It will discuss the notion of the social question, which is addressed in the social encyclicals; present the philosophical and theological foundations of the social teaching; and point to areas where the linkage between the social teaching and business ethics can be established. By reaching deep into the philosophical grounds of the social encyclicals, the analysis attempts to cut through the often muddled diversity of opinions on specific ethical issues which characterize most moral debates.     

Informed consent comprehension among vulnerable populations in Ecuador: video-delivered vs. in-person standard method

The informed consent comprehension process is key to engaging potential research subject participation. The aim of this study is to compare informed consent comprehension between two methods: standard and video-delivered. We compared the in-person and video-delivered informed consent process in the Familias Unidas intervention. We evaluated comprehension using a 7-item true/false questionnaire. There were a total of 152 participants in the control group and 87 in the experimental. General characteristics were similar between both groups (p > 0.05). First-attempt informed consent comprehension was higher in the intervention group but was not statistically significant (80% and 78% respectively p = 0.44). A video-delivered informed consent process did not differ from the standard method of informed consent in a low educational and socioeconomic environment.     

The Importance of the Geographic Level of Analysis in the Assessment of the Quality of Life: The Case of Spain

There is a growing literature on the assessment of quality of life conditions in geographically and/or politically divided regions. Sometimes these territories are countries within a specified supranational structure, such as the European Union, for instance, and sometimes they are regions within countries. There is also some research that focuses on the municipal level of analysis, measuring the quality of life in cities. In the end what the researcher obtains is, at best, an average of the living conditions in the specified territory. However, if results are intended to have policy implications, attention should be paid to the variance in living conditions within regions. In this paper we attempt to quantify the relative importance of three different geographic levels of analysis in assessing the quality of life of the Spanish population. The geo-political division in Spain consists firstly of regions called Comunidades Autónomas, which are then divided into provinces which in turn are divided into municipalities. We are interested in evaluating the extent to which the quality of life conditions of an average person living in a given municipality are explained by the province and region in which the municipality is located. To do so, we first construct a composite indicator of quality of life (QoL) for the 643 largest municipalities of Spain using 19 variables which are weighted using Value Efficiency Analysis (VEA). VEA is a refinement of Data Envelopment Analysis (DEA) that imposes some consistency on the weights of the indicators used to construct the aggregate index. The indicators cover aspects related to consumption, social services, housing, transport, environment, labour market, health, culture and leisure, education and security. We then make a variance decomposition of the VEA scores to assess the importance of the three levels of geo-political administration. The results show that the municipal level is the most important of these, accounting for 52% of the variance in QoL. Regions explain 38% while provinces only account for a moderate 10%. Therefore, political action at the regional and municipal level would seem to have a larger impact on QoL indicators.     

"This is a White Country"1: The Racial Ideology of the Western Nations of the World-System

In this paper I argue that the racial ideology of the Western nations of the world-system has converged over the past twenty years. This new ideology or, as many analysts call it, the "new racism," includes: (1) the notion of cultural rather than biological difference, (2) the abstract and decontextualized use of the discourse of liberalism and individualism to rationalize racial inequality, and (3) a celebration of nationalism that at times acquires an ethnonational character. I contend that this ideological convergence reflects the histories of racial imperialism of all these countries, the fact that they have all developed real–although different–racial structures that award systemic rewards to their "White" citizens, and the significant presence of the "Other" (Black, Arab, Turk, aboriginal people, etc.) in their midst. I use the cases of Germany, France, the Netherlands, and New Zealand to illustrate my point.