Search

In the last 20 years, both public and private expenditures on resource conservation and environmental protection have increased dramatically. However, there are numerous technical and political barriers to the efficient use of conservation funds. This paper discusses some of these barriers and approaches to overcoming them. It argues that ecosystem complexities such as threshold effects, ecosystem linkages, and spatial connections often mitigate against politically palatable criteria for resource allocation. Ignoring these complexities is likely to result in substantial efficiency losses. While challenges are daunting for the efficient management of conservation investments, payoff is potentially high for the use of sciences.

This paper uses daily observations for the Canadian dollar–U.S. dollar exchange rate over the recent flexible exchange-rate period (from January 2, 1974, to October 28, 2002), and various tests from dynamical systems theory, such as a chaos test, a self-organized criticality test, and a threshold effects test, to support a stochastic nonlinear origin for the series.

Search Results

Refine search

Refine search

Actions for selected content:

2 results

Using Sciences to Improve the Economic Efficiency of Conservation Policies

ABSENCE OF CHAOS AND 1/f SPECTRA, BUT EVIDENCE OF TAR NONLINEARITIES, IN THE CANADIAN EXCHANGE RATE

Search Results

Refine search

Refine search

Actions for selected content:

Save Search

2 results

Using Sciences to Improve the Economic Efficiency of Conservation Policies

ABSENCE OF CHAOS AND 1/f SPECTRA, BUT EVIDENCE OF TAR NONLINEARITIES, IN THE CANADIAN EXCHANGE RATE