Product prices and technological choice: The case of the international cocoa processing industry

Economic appraisals have often relied heavily on the factor use and factor price characteristics of process. In this article we treat impact of product characteristics in choice of technology. Product characteristics are specially important in the earlier stages of manufacturing, namely, commodity processing. The study elaborates also on circumstances which lead to the emergence of different and fluctuating relationships between product prices in different countries, respectively, developing and developed, and their implication for the choice of technology in these countries.     

Russia,the West and the 2007–2008 Electoral Cycle: Did the Kremlin Really Fear a ‘Coloured Revolution’?

In the period before the 2007–2008 elections, there was much talk from the regime about the danger of a ‘coloured revolution’ in Russia. The article considers whether the fear of revolution was genuine or artificially created to discredit opposition and strengthen support for the regime. It seems that tensions inside the regime and the unexpected occurrence of the previous coloured revolutions led to real fears of revolution in Russia, although this was in fact unlikely. Russian policy towards the West and the rival election programmes are examined to investigate whether the regime was creating an ‘enemy image’ of the West.     

An Empirical Investigation into Measurement and Determinants of Food Security

We examine the association between calorie-based indicators and experiential indicators of food security using data from slum households of Kolkata surveyed in 2010–2011. Experiential indicator is constructed following the United States Household Food Security Survey Module. Calorie based indicator is constructed using household-specific calorie norms. Modelling techniques take account of potential endogeneity in the relationship. The two indicators are aligned in the same direction implying more accurate targeting. However, there is a lack of one-to-one correspondence between the two measures and the drivers of calorie deprivation and food insecurity also differ, suggesting a one-size-fits-all policy cannot address both concerns simultaneously.