Declining foreclosure neighborhood effects over time

According to previous studies, residential foreclosures reduce the value of neighboring residential units and the initial negative effects decay over time and space. This study attempts to investigate the temporal path of the initial effects by following cohorts of single-family housing distressed sales (foreclosures and real estate owned sales) over time. A hedonic model estimation of single-family housing sales in Saint Louis County, Missouri, produced larger marginal impacts for new distressed sales in the year 2000 compared with the marginal impact of new distressed sales in 2007, that is, the marginal impact of new distressed sales is declining in at least one housing market. This result holds true for the distressed sale neighborhood impact, the effect of distress on the same unit's future sales price, and the discount on a distressed unit's current “liquidation sale” price.     

Women employment in colonial Hong Kong

Women's participation in the labour market is on the rise, and employment opportunities available to working women have increased greatly. However, working women in Hong Kong are still disproportionately underrepresented in higher status occupations. Despite general improvement in their educational attainment, women are still unequally paid. Their role in the workplace is still very much constrained and impeded by their familial role. Hong Kong women's continuing subordination in the workplace lies in the domination of the Chinese patriarchal family in industrial Hong Kong. Women experience institutional discrimination insofar as other institutions and the public at large also subscribe to culturally entrenched prejudices and discriminatory practices against women. It appears that women's subordinate status will not change in the foreseeable future.     

Joint production and consumption in traditional households: Fuelwood and crop residues in two districts in Nepal

Forest conversion by agricultural households is the leading cause of deforestation. Yet we know little about agricultural household use of forest and tree products. This article measures household production of and demand for fuelwood and fuel substitutes in two districts in Nepal. Women play a larger role in collection in the district dependant on production from common forestlands. Men and agricultural capital are more important inputs in the district dependant on production from private lands. The article also measures demand elasticities for fuelwood, combustible agricultural residues, and improved stoves (a technological substitute), each by household income group. All price and income demand elasticities are less than one. The substitution elasticities between residues and fuelwood are less than one. Residues are more important substitutes for low income households and improved stoves are more important substitutes for high income households.     

An investigation of the export expansion hypothesis

The present study examines the appropriate development strategies for industrially advanced and developed nations utilising the earlier research of Alfred Maizels. As before, the basic model used is the ‘ex‐ante’ model developed by Hollis Chenery and Alan Strout. The results support the ‘Export Expansion’ hypothesis which emphasises the importance of exports as a source of savings and as a catalyst for economic development for both highly developed and less developed countries. Gross Domestic Product, Non‐export Gross Domestic Product, and exports are used to explain savings in 11 less developed countries and six developed countries.     

Foreign investment,industrial restructuring and dependent development in Singapore

Singapore's industrial development and restructuring are very much dependent on foreign investment. Despite the apparent benefits of foreign investment and Singapore's success in export-oriented manufacturing, there are worrisome aspects arising from the large and growing dependency on such investment in the manufacturing sector as Singapore moves toward a developed country status. This article explores some of the consequences of such dependency. In terms of industrial pattern, foreign investment has created and maintained a dualistic industrial structure in manufacturing. Foreign firms and government industrial policies have suppressed and marginalized local entrepreneurship. Export-oriented industrialization has opened the employment doors for women in manufacturing. However, women are predominantly found in low pay, dead end jobs in the assembly line of Singapore's new industrial order. With the implementation of a new wave of industrial restructuring strategies, new capital and technological intensive foreign investments are welcomed and solicited. However, the local labour supply is unable to meet the increased demands. Foreign labour has been called in to fill the gaps. This inevitably distorts labour market outcomes and heightens the income inequality index.     

AFGHANISTAN AS A CULTURAL CROSSROADS: LESSONS FROM THE WRITINGS OF ELLA MAILLART,ANNEMARIE SCHWARZENBACH AND NANCY HATCH DUPREE

Much has been written about Afghanistan, a complex cultural space that different people see in different ways. But not all of their views are of equal value. Stereotypes do no-one any favours. Ella Maillart and Annemarie Schwatzenbach were two Swiss women writers who set off for Afghanistan in June 1939. Ella was a traveller who wrote, Annemarie a writer who travelled, but their books give a sense of the realities of Afghanistan, Nancy Dupree first visited more than twenty years later than the two Swiss, but stayed involved for decades in a variety of different ways. She accepted and coped with the fact that the country was changing and would change still further.