27 results on '"Scott, Francisco"'
Search Results
2. How Mergers in the Farm Credit System Have Affected Ag Banks
- Author
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Scott, Francisco
- Subjects
United States. Farm Credit Administration ,The Funding Corp. -- Mergers, acquisitions and divestments ,Investment analysis ,Financial markets ,Commercial banks ,Acquisitions and mergers ,Real property ,Company acquisition/merger ,Banking, finance and accounting industries ,Business ,Economics ,Business, regional - Abstract
Commercial banks and the Farm Credit System (FCS) have been the most important sources of agricultural loans in the United States in recent decades. Since the 1990s, however, mergers and acquisitions have increasingly concentrated both the FCS and commercial banks, raising concerns about potential effects on the agricultural credit market. Starting in the 2000s, the FCS gained a substantial market share of total agricultural debt, lending credibility to these concerns. Thus far, however, how the FCS's evolving size and scope affect agricultural bank operations, particularly through mergers, has not been adequately examined. Francisco Scott explores the effects of FCS mergers on agricultural banks (ag banks) and finds that FCS mergers have had mostly muted long-term aggregate effects on ag banks' interest income, efficiency, and agricultural real estate loans as a share of their total loans. However, he also shows that FCS mergers likely decreased ag banks' agricultural operational loans as a share of their total loans and increased ag banks' interest expenses from historically low levels. These findings suggest that FCS mergers may have altered some strategic portfolio decisions of ag banks in their respective markets, though the effects on ag banks' profitability were relatively minor., Commercial banks and the Farm Credit System (FCS) have been the most important sources of agricultural loans in the United States in recent decades. Since the 1990s, however, mergers and [...]
- Published
- 2023
3. Techno-Economic Analysis of Phosphorus Removal Structures
- Author
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Scott, Isis S. P. C., primary, Scott, Francisco, additional, McCarty, Tanner, additional, and Penn, Chad J., additional
- Published
- 2023
- Full Text
- View/download PDF
4. An experimental analysis of quality misperception in food labels.
- Author
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Scott, Francisco
- Subjects
FOOD labeling ,MARKET design & structure (Economics) ,DEALERS (Retail trade) ,CONSUMERS ,PRICES - Abstract
The size and distribution of surplus in markets where credence quality attributes of food (e.g., organic, non-GMO) are conveyed through some informational mechanism (typically labels) crucially depend on 1) how information changes consumers' perception of quality and 2) producers' strategic choice of quality provision in response to changes in consumers' perception of quality. This paper examines the hypothesis that consumers' misperception of quality information can provide incentives to sellers to increase quality and offset the lower quality that exists in markets where firms imperfectly compete in quality and prices. Using previously derived theoretical predictions of a two-stage game in which firms sequentially choose qualities--which are misperceived by consumers--to then simultaneously choose prices, I conduct a laboratory experiment that emulates changes in consumers' perception of quality and examines their effects on producers' provision of quality and market surplus. My results indicate that total surplus increases mainly with overvaluation of the high-quality product, confirming theoretical predictions. But contrary to the theory, I find that low-quality sellers try to compete by raising their quality levels too much when low quality is overvalued, dampening their quality-adjusted prices. As a result, welfare approaches first-best only when the high-quality product produced by the market leader is overvalued. These results highlight the importance of examining the market structure when designing informational policies. [ABSTRACT FROM AUTHOR]
- Published
- 2023
- Full Text
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5. Forest Footprint for Cities: Methods for Estimating Deforestation and Associated CO2 Emissions Embodied in Products Consumed in Cities
- Author
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Mack Phillips, Scott Francisco, Sarah Wilson, Paige Langer, Larissa Jarvis, and Noah Garcia
- Abstract
This paper provides a method for understanding how city actions impact trees and forests outside their boundaries. The Forest Footprint for Cities methodology connects global estimates of tropical and subtropical deforestation linked to agricultural production to commodity-specific international trade and city consumption. The methods ultimately present the city’s Forest Footprint in terms of hectares of embodied deforestation consumed and the associated CO2 emissions.
- Published
- 2022
6. Better Forests, Better Cities
- Author
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Sarah Jane Wilson, Edith Juno, John-Rob Pool, Sabin Ray, Mack Phillips, Scott Francisco, and Sophie McCallum
- Abstract
Better Forests, Better Cities evaluates how forests both inside and outside city boundaries benefit cities and their residents, and what actions cities can take to conserve, restore and sustainably manage those forests. This report is the first of its kind comprehensive resource on the connection between cities and forests, synthesizing hundreds of research papers and reports to show how all forest types can deliver a diverse suite of benefits to cities.
- Published
- 2022
7. The Supply and Demand of Agricultural Loans
- Author
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Scott, Francisco, primary, Kuethe, Todd, additional, Kreitman, Ty, additional, and Oppedahl, David, additional
- Published
- 2022
- Full Text
- View/download PDF
8. Strategy games to improve environmental policymaking
- Author
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Swiss National Science Foundation, Fondation pour la Recherche sur la Biodiversité, Fonds Français pour l'Environnement Mondial, García, Claude A., Savilaakso, Sini, Verburg, René W., Stoudmann, Natasha, Fernbach, Philip, Sloman, Steven A., Peterson, Garry D., Araújo, Miguel B., Bastin, Jean-François, Blasser, Jürgen, Boutinot, Laurence, Crowther, Thomas W., Dessard, Hélène, Dray, Anne, Scott, Francisco, Ghazoul, Jaboury, Feintrenie, Laurène, Hainzelin, Etienne, Kleinschroth, Fritz, Naimi, Babak, Novotny, Ivan P., Oszwald, Johan, Pietsch, Stephan A., Quétier, Fabien, Robinson, Brian E., Sassen, Marieke, Sist, Plinio, Sunderland, Terry, Vermeulen, Cédric, Wilmé, Lucienne, Wilson, Sarah J., Zorondo-Rodríguez, Francisco, Waeber, Patrick O., Swiss National Science Foundation, Fondation pour la Recherche sur la Biodiversité, Fonds Français pour l'Environnement Mondial, García, Claude A., Savilaakso, Sini, Verburg, René W., Stoudmann, Natasha, Fernbach, Philip, Sloman, Steven A., Peterson, Garry D., Araújo, Miguel B., Bastin, Jean-François, Blasser, Jürgen, Boutinot, Laurence, Crowther, Thomas W., Dessard, Hélène, Dray, Anne, Scott, Francisco, Ghazoul, Jaboury, Feintrenie, Laurène, Hainzelin, Etienne, Kleinschroth, Fritz, Naimi, Babak, Novotny, Ivan P., Oszwald, Johan, Pietsch, Stephan A., Quétier, Fabien, Robinson, Brian E., Sassen, Marieke, Sist, Plinio, Sunderland, Terry, Vermeulen, Cédric, Wilmé, Lucienne, Wilson, Sarah J., Zorondo-Rodríguez, Francisco, and Waeber, Patrick O.
- Abstract
While the scientific community documents environmental degradation and develops scenarios to identify the operational margins of system Earth, less attention is given to how decisions are made that steer the system in one direction or the other. We propose to use strategy games for this purpose, increasing the representation of human agency in scenario development and creating spaces for deliberation between different worldviews. Played by the right people, strategy games could help break free from established norms and support more transparent democratic dialogues, responding to the human and social limitations of current decision-making. The question is, who gets to play?
- Published
- 2022
9. The Supply and Demand of Agricultural Loans
- Author
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Scott, Francisco Albert
- Subjects
Agricultural Finance ,Agricultural and Food Policy ,Agribusiness - Abstract
Presentation 23074
- Published
- 2022
- Full Text
- View/download PDF
10. Market and welfare effects of quality misperception in food labels
- Author
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Scott, Francisco, primary and Sesmero, Juan P., additional
- Published
- 2022
- Full Text
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11. The Supply and Demand of Agricultural Loans
- Author
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Submitter, FRB of Kansas City, primary, Scott, Francisco, additional, Kuethe, Todd, additional, Kreitman, Ty, additional, and Oppedahl, David, additional
- Published
- 2022
- Full Text
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12. Before the Next COP: How to Stop Missing our Environmental Policy Targets
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Jaboury Ghazoul, Claude Garcia, Johan Oszwald, Hélène Dessard, Brian E. Robinson, Lucienne Wilmé, Garry D. Peterson, Marieke Sassen, Ivan P. Novotny, Fritz Kleinschroth, Laurence Boutinot, Plinio Sist, Philip M. Fernbach, Laurène Feintrenie, Jean-François Bastin, René Verburg, Sini Savilaakso, Miguel B. Araújo, Natasha Stoudmann, Fabien Quétier, Steven A. Sloman, Stephan A. Pietsch, Cédric Vermeulen, Francisco Zorondo Rodríguez, Terry Sunderland, Scott Francisco, Sarah J. Wilson, Patrick O. Waeber, Babak Naimi, and Anne Dray
- Subjects
environmental_sciences ,Political science ,media_common.quotation_subject ,Political economy ,Agency (sociology) ,Land use, land-use change and forestry ,Environmental policy ,Democracy ,media_common - Abstract
While the scientific community has focused on documenting environmental degradation and developing scenarios that help identify the operational margins for system Earth, less attention has been given to the mental models of decision-makers that underpin environmental policies. We suggest that global efforts to stop deforestation and biodiversity loss are failing in part due to a critical blind spot in the analysis—human agency. To address this weakness, we propose to formulate mental models and translate them into strategy games. This will increase the representation of agency in scenario development and create spaces for deliberation between different worldviews. We claim that personal transformation can be achieved through transparent democratic dialogues that identify, challenge, and respond to the human and social limitations inherent to decision-making and we present empirical examples that validate that claim. Their transformation through gaming gives decision-makers access to the experience of consciousness: “what is it like being a stakeholder?”. Such experience will help to break free of established norms in science and political processes.
- Published
- 2021
13. Optimal quality gradation in organic labels: evidence from a structural econometrics model
- Author
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Albert Scott, Francisco, Sesmero, Juan Pablo, and Balagtas, Joseph V.
- Subjects
Marketing ,FOS: Economics and business ,Agricultural and Food Policy ,Agribusiness - Abstract
Presentation 21020
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- 2021
- Full Text
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14. Market and welfare effects of quality misperception in food labels: an experimental analysis
- Author
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Albert Scott, Francisco
- Subjects
Marketing ,FOS: Economics and business ,Agricultural and Food Policy ,Research Methods/Statistical Methods - Abstract
Presentation 21024
- Published
- 2021
- Full Text
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15. Mantiqueira: innovating and disrupting in the egg business
- Author
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Neves, Marcos Fava, Gray, Allan Wayne, Lourenco, Carlos Eduardo, and Scott, Francisco Albert
- Subjects
cage-free production ,Livestock Production/Industries ,egg production ,product development ,marketing, business strategy - Abstract
Consumers’ shifting tastes have made sustainable growth for firms in the food industry increasingly difficult. Scholars and industry practitioners constantly try to develop business strategies to deal with disruptions in modern food markets. This case uses Brazilian company Mantiqueira as an example of how a company can adopt demand-driven innovation and embrace disruption to aid its sustainable growth over the years. We follow the success of Mantiqueira in the market of eggs, from its humble beginnings until its dominance in the Brazilian market. With the use of data, the case (1) shows the current challenges faced by Mantiqueira and (2) asks readers to participate in the next round of decisions that Mantiqueira will have to make in order to hold its market share. This case is intended for use with graduate students and professionals in the agribusiness and food industries. It can be used to develop competencies associated with decision making for agribusiness firms, particularly for those faced with changes in the demand side that require new marketing strategies and capital investments.
- Published
- 2021
- Full Text
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16. Impact of Pandemic Related Aid on Demand for Farm Lending and Financial Performance of Agricultural Lenders
- Author
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Giri, Anil K., Cowley, Cortney, Subedi, Dipak, Kreitman, Ty, Mcdonald, Tia M., and Scott, Francisco
- Subjects
Health Economics and Policy ,Agricultural Finance - Published
- 2021
- Full Text
- View/download PDF
17. The economics of labeling credence goods: theory and measurement
- Author
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Scott, Francisco Albert
- Subjects
FOS: Economics and business ,140201 Agricultural Economics - Abstract
This dissertation expands on the economics of labeling products with credence quality attributes. Specifically, it aims at incorporating recent discussions in the food markets regarding 1) consumers' difficulty of perceiving the exact quality that labels try to communicate and 2) imperfect competition on quality and price between firms providing these labeled products. These items are important because consumers and firms have to navigate a market environment in which there exist many quality labels competing for consumers' preferences (e.g., nonGMO, USDA organic, Bioengineered label, local) with many of these labels offering different grades of quality (e.g., 100\% organic, organic, made with organic ingredients). While more quality label may match consumers' heterogeneous preferences, they may cause confusion and misperception among buyers, ultimately impacting efficiency and distribution of surplus in the market. More quality labels also may impact firms' decisions as firms can select themselves into different poles of the quality spectrum and avoid price competition by doing so. Finally, governmental policies that aim at educating consumers or provide them with more options (e.g., informational-based policies, graded USDA organic certification program) can have unintended consequences under an environment in which there exist market failures related to information or competition.My goal is to evaluate this complex environment in three interconnected studies. The first study is an applied theory paper in which I show how curbing consumers' misperception about quality in a market of labeled credence attributes may decrease welfare if firms imperfectly compete in quality and prices. I show that this is true if consumers' misperception offers incentives for firms to either expand the size of the market or increase the average quality of products offered. The second essay empirically tests these insights in controlled laboratory experiments in which subjects act as sellers that compete along quality and price dimensions. I show that the insights of the theory paper hold particularly when consumers overvalue a high-quality product that holds a large market share. Finally, in the last study of this dissertation, I show that the rank-order of the USDA organic certification program may not hold in all markets, as consumers may not have a high willingness to pay for 100\% organic products. In the study, I show that consumers in the market of organic ground coffee market could be better off if USDA ditched the quality grade \textbf{100\% organic} of its program. Doing so would also benefit the most profitable firms in the market and increase welfare.This dissertation shows that label programs and food policies that tackle quality in credence attributes must be designed with two main market characteristics in sight. The first is how well consumers understand the information in labels. The second is what is the degree of competition in the market and how firms can use the certification program to extract further rents from consumers.
- Published
- 2021
- Full Text
- View/download PDF
18. To Bend the Curve of Terrestrial Biodiversity, Place Agency Centre Stage
- Author
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Brian E. Robinson, Plinio Sist, L. Boutinot, Steven A. Sloman, Claude Garcia, René Verburg, Stephan A. Pietsch, Philip M. Fernbach, Lucienne Wilmé, Marieke Sassen, Terry Sunderland, Scott Francisco, Sarah J. Wilson, Jaboury Ghazoul, Johan Oszwald, Miguel B. Araújo, Laurène Feintrenie, Jean-François Bastin, Hélène Dessard, Patrick O. Waeber, Babak Naimi, Sini Savilaakso, Natasha Stoudmann, Cédric Vermeulen, Fabien Quétier, and Anne Dray
- Subjects
business.industry ,Environmental resource management ,Biodiversity ,Redress ,15. Life on land ,Consumption (sociology) ,atmospheric_science ,Geography ,13. Climate action ,Agency (sociology) ,Production (economics) ,Land use, land-use change and forestry ,business ,Forest transition ,Global biodiversity - Abstract
Leclère et al.1 have outlined the possibility of a biodiversity transition for the 21st century, a line of thinking equivalent to the Forest Transition theory and what it says about forest cover globally2. The authors use a suite of global models to explore the impacts on global biodiversity of interventions on land-use, consumption and production patterns. They outline six strategies that have the potential to stop the downfall of global terrestrial biodiversity by 2050 and redress it to a pre-1970 level by 2100. Although robust, sophisticated and well-illustrated, the conclusions of this paper cannot alone be used to frame a post-2020 biodiversity strategy.
- Published
- 2020
19. The economics of label misperception in food markets
- Author
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Scott, Francisco A. and Sesmero, Juan Pablo
- Subjects
Marketing ,FOS: Economics and business ,Agricultural and Food Policy ,Industrial Organization - Abstract
Presentation18136
- Published
- 2020
- Full Text
- View/download PDF
20. Mantiqueira: innovating and disrupting in the egg business
- Author
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Neves, Marcos Fava, primary, Gray, Allan Wayne, additional, Lourenço, Carlos Eduardo, additional, and Scott, Francisco Albert, additional
- Published
- 2021
- Full Text
- View/download PDF
21. Developing an interdisciplinary and cross-sectoral community of practice in the domain of forests and livelihoods
- Author
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Jennifer Zavaleta, Cristy Watkins, Sarah J. Wilson, and Scott Francisco
- Subjects
0106 biological sciences ,Ecology ,business.industry ,010501 environmental sciences ,Public relations ,Social learning ,Livelihood ,010603 evolutionary biology ,01 natural sciences ,Community of practice ,Cross sectoral ,Systems thinking ,Sociology ,Natural resource management ,Sociocultural evolution ,business ,Ecology, Evolution, Behavior and Systematics ,0105 earth and related environmental sciences ,Nature and Landscape Conservation - Abstract
Although significant resources are being spent researching and fostering the relationship between forests and livelihoods to promote mutually beneficial outcomes, critical gaps in understanding persist. A core reason for such gaps is that researchers, practitioners, and policy makers lack the structured space to interact and collaborate, which is essential for effective, interdisciplinary research, practice, and evaluation. Thus, scientific findings, policy recommendations, and measured outcomes have not always been synthesized into deep, systemic understanding; learning from practice and implementation does not easily find its way into scientific analyses, and science often fails to influence policy. Communities of practice (CofPs) are dynamic sociocultural systems that bring people together to share and create knowledge around a common topic of interest. They offer participants a space and structure within which to develop new, systemic approaches to multidimensional problems on a common theme. Uniquely informed by a systems-thinking perspective and drawing from the scientific and gray literatures and in-depth interviews with representatives of established CofPs in the natural resource management and development domain, we argue that a well-designed and adequately funded CofP can facilitate interdisciplinary and cross-sectoral relationships and knowledge exchange. Well-designed CofPs integrate a set of core features and processes to enhance individual, collective, and domain outcomes; they set out an initial but evolving purpose, encourage diverse leadership, and promote collective-identity development. Funding facilitates effective communication strategies (e.g., in person meetings). We urge our colleagues across sectors and disciplines to take advantage of CofPs to advance the domain of forests and livelihoods.
- Published
- 2017
22. Engaging youth in conversations about community and forests: Methodological reflections from Asia, Africa, and the Americas
- Author
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Fermín Sosa Pérez, Amanda Karst, Miriam Castillo, Scott Francisco, Birendra Karna, Julia Quaedvlieg, Marlene Soriano, James P. Robson, Leigh Fox, Julio Zetina, Maria Paula Sarigumba, Sarah Jane Wilson, Hugo Asselin, Michelle Sanchez Luja, and ISS PhD
- Subjects
Economics and Econometrics ,Sociology and Political Science ,Geography, Planning and Development ,0211 other engineering and technologies ,021107 urban & regional planning ,02 engineering and technology ,Sociology ,010501 environmental sciences ,Development ,01 natural sciences ,0105 earth and related environmental sciences - Published
- 2019
23. Developing an interdisciplinary and cross-sectoral community of practice in the domain of forests and livelihoods
- Author
-
Cristy, Watkins, Jennifer, Zavaleta, Sarah, Wilson, and Scott, Francisco
- Subjects
Conservation of Natural Resources ,Leadership ,Humans ,Forests ,Research Personnel - Abstract
Although significant resources are being spent researching and fostering the relationship between forests and livelihoods to promote mutually beneficial outcomes, critical gaps in understanding persist. A core reason for such gaps is that researchers, practitioners, and policy makers lack the structured space to interact and collaborate, which is essential for effective, interdisciplinary research, practice, and evaluation. Thus, scientific findings, policy recommendations, and measured outcomes have not always been synthesized into deep, systemic understanding; learning from practice and implementation does not easily find its way into scientific analyses, and science often fails to influence policy. Communities of practice (CofPs) are dynamic sociocultural systems that bring people together to share and create knowledge around a common topic of interest. They offer participants a space and structure within which to develop new, systemic approaches to multidimensional problems on a common theme. Uniquely informed by a systems-thinking perspective and drawing from the scientific and gray literatures and in-depth interviews with representatives of established CofPs in the natural resource management and development domain, we argue that a well-designed and adequately funded CofP can facilitate interdisciplinary and cross-sectoral relationships and knowledge exchange. Well-designed CofPs integrate a set of core features and processes to enhance individual, collective, and domain outcomes; they set out an initial but evolving purpose, encourage diverse leadership, and promote collective-identity development. Funding facilitates effective communication strategies (e.g., in person meetings). We urge our colleagues across sectors and disciplines to take advantage of CofPs to advance the domain of forests and livelihoods.
- Published
- 2017
24. Farmland values stay resilient as farm economy moderates.
- Author
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Scott, Francisco and Kreitman, Ty
- Subjects
VALUATION of farms ,AGRICULTURAL economics ,FINANCIAL statements ,INTEREST rates ,AGRICULTURAL credit - Abstract
According to an article in the High Plains Journal, farmland values have remained strong in the second quarter of 2023, despite a moderation in the farm economy and higher interest rates. While growth in farmland values has eased compared to previous years, it has remained steady in most states and stronger in some areas. The article also mentions that farm loan demand has been subdued due to higher interest rates and an abundance of liquidity on farm balance sheets. However, many lenders expect a rebound in the coming months. Overall, the article provides an overview of the current state of the farm economy and its impact on farmland values and credit conditions. [Extracted from the article]
- Published
- 2023
25. The Way We Do Things Around Here
- Author
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Scott Francisco
- Subjects
Cultural Studies ,Praxis ,Sociology and Political Science ,Social Psychology ,media_common.quotation_subject ,General Social Sciences ,Social environment ,History of architecture ,Education ,Epistemology ,Craft ,Negotiation ,Community practice ,Sociology ,Social psychology ,media_common - Abstract
Buildings have always played a role in negotiating the boundary between individual expression and social context. Through the lens of architectural history, this article explores the relationships between “community,” “culture,” “craft,” and “specification”—concepts fundamental to the way people express themselves and develop group behaviors and collective meaning. The article focuses on the tension between “craft,” as an implicit community practice based on “skill” and “knowledge,” and “specification,” which presumes an explicit and abstract means of communicating “information.” At the center is the elusive concept of “design.” But what is design? How does it affect culture at an incremental and substantial level? How do new values, both individual and collective, weigh in to the question of cultural change through design? Coming full circle, the article reflects on how the design of built space is integrated into communicative praxis itself, framing and cultivating particular forms of dialogue while displacing or resisting others.
- Published
- 2007
26. THE ANALYSIS OF INTER-REGIONAL TRADE AND INVESTMENT FLOWS: THE AGGREGATED NET TRADE LEVEL IN THE SPANISH PROVINCES
- Author
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Pena-Levano, Luis M., Osinubi, Adenola, Scott, Francisco, Rachal, Mattew, Pena-Levano, William, Pena-Levano, Mirella, and Diaz-Lanchas, Jorge
- Subjects
inter-provincial trade ,International Relations/Trade ,FDI ,export determinants ,spatial lag ,Research Methods/ Statistical Methods - Abstract
This study examines the relationship between trade and potential determinants: GDP, FDI, unemployment rate in Spanish provinces while incorporting spatial dependence. This methodological paper contributes to the literature because it evaluates trade at a more disaggregated level and includes FDI to explain the trade pattern. The research concludes that: (1) Only considering GDP and unemployment rate; increase in economic growth or a decrease in unemployment rate could motivate trade in the province; likewise trade of the neighbors will increase the competition, which could decrease the province sales. (2) If FDI is included, FDI received by the neighbor provinces could decrease the exports of the province because it makes its rivals more productive and competitive.
- Published
- 2015
- Full Text
- View/download PDF
27. Rise In farm real estate values accelerate, KC Fed notes.
- Author
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Scott, Francisco and Kreitman, Ty
- Subjects
REAL property ,REGIONAL economics ,AGRICULTURAL economics ,ECONOMIC research ,VALUATION of farms - Abstract
Farmland values continued to increase at a rapid pace through the end of 2021, Alongside sustained strength in farm income and credit conditions, the value of all types of farmland in the Tenth District was more than 20% higher than a year ago. On top of expectations of higher farmland values for the next year, more than 50% of respondents also indicated that farmland values were currently overvalued, suggesting there may still be future risks of declines. [Extracted from the article]
- Published
- 2022
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