Financial market efficiency in an Agrarian economy: Microeconometric analysis of the Pakistani Punjab

The shadow price of capital in production is a useful indicator of the efficacy of the rural financial system. Using data on participants and non‐participants in a small farm credit programme from the Pakistani Punjab, this article estimates the shadow price of capital. Endogenous switching regressions techniques are employed to control for the likely heterogeneity of borrowers versus non‐borrowers. Results indicate that an individual selected at random from the population of small farmers would experience a 200 per cent rate of return on the first rupee borrowed from the small farm credit programme, indicating a high shadow price of capital and a prima facie case for small farm credit programmes.     

Inter-rater reliability of dynamic risk assessment with sexual offenders

Abstract

This paper describes the inter-rater reliability of the Structured Assessment of Risk and Need (SARN, formerly known as Structured Risk Assessment). The SARN is a structured framework for identifying sexual offenders’ dynamic risk factors. The SARN comprises 16 dynamic risk factors, categorized into four domains: Sexual Interests, Distorted Attitudes, Socio-Affective Functioning and Self-Management. Two studies, utilizing three samples, are reported. Study 1 examined the inter-rater reliability of four SARN cases with a sample of seven expert raters. Results indicated high inter-rater reliability amongst these participants. Study 2 examined the reliability of SARN with two samples who had received training before supplying inter-rater data (N=88). Results provided some support for the reliability of SARN. However, strength of reliability was dependent upon the method of analysis applied (percentage agreement, Cohen's Kappa, intra-class correlation coefficients). These results are discussed in terms of their clinical and methodological implications.     

Electronic gatekeepers: Locking out the marketplace of ideas

The Hutchins Commission was concerned that the small minority of the people controlling the press as an instrument of mass communication could misuse their gatekeeping power. Due to new communication technologies the abundance of media outlets has increased choices available to the public far beyond anything commission members could have envisioned. This, in turn, has led to the development of a second layer of electronic gatekeepers between information originators and the public. The effect these electronic gatekeepers will have on the evolution of the press will be as great as, if not greater than, that of the human gatekeepers who were the commission's focus. This article suggests there will be an increasing equation of the public interest with what the public is interested in, a reduction in people's knowledge of public affairs and a decrease in the exposure of individuals to new ideas or ideas that contradict their existing beliefs. The article concludes by questioning whether government regulation is capable of addressing these concerns.     

Subnational Responses to Fracking in Canada: Explaining Saskatchewan's “Wild West” Regulatory Approach

This article assesses the regulatory response to fracking by Saskatchewan, Canada's second largest oil‐producing province. Public officials and industry representatives claim fracking regulations are “comprehensive” and “robust”; however, there has been no comparative assessment of this claim. To address this gap, we outline the dominant regulatory pathways of U.S. states and Canadian provinces, ranging from applying existing regulations with minimal revisions, to enacting broader revisions or bans. We account for this variation using a framework from Davis ( 2012 ) emphasizing governments’ dependence on the oil sector, the level of support for fracking among elected officials and policy makers, and the influence of key “constituencies.” The article then traces the growth and impact of fracking in Saskatchewan and analyzes new trends in the province's regulation of fracking. Given the province's application of existing regulations with minimal revisions and active weakening of enforcement, we identify Saskatchewan as taking Rabe and Borick's ( 2013 ) “conventional” regulatory approach, typical of Davis's “energy dominant” states.     

Ludic Negation: Thrasher's The Gang and the Creative Foundations of Gang Sociality

Critical Criminology - In the following essay, I describe how one of the most cited but least analyzed texts in gang studies, Frederic Thrasher's The Gang (1927), has informed my approach to...