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O'Ryan, R., & Pereira, M. (2015). Participatory indicators of sustainability for the salmon industry: The case of Chile. Mar. Pol., 51, 322–330.
Abstract: In this paper a methodological approach is proposed and applied to undertake a participatory process to obtain sustainable development indicators for the salmon sector in Chile including a common vision of sustainability for this industry. The selected indicators are a mix of bottom-up and top-down approaches, which capture the specific needs and perceptions of the different stakeholders related to salmon farming while allowing a high degree of international comparability. A detailed step by step description of the methodology allows understanding how to obtain acceptable social, economic and environmental indicators, a result that can be replicated in other natural resource based productive sectors that are common in developing contexts. (C) 2014 Elsevier Ltd. All rights reserved.
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O'Ryan, R., Villavicencio, A., Gajardo, J., Ulloa, A., Ibarra, C., & Rojas, M. (2023). Building back better in Latin America: examining the sustainability of COVID-19 recovery and development programs. Glob. Sustain., 6.
Abstract: Non-technical summaryThe significant outlays by countries in the Global South to recover from the COVID-19 crisis could have been an opportunity to build back better, advancing both a green recovery and addressing pressing social problems, thus advancing sustainability. To examine if this was the case, in this paper we analyze the expected impacts of recovery initiatives in five Latin American countries. Our results show that these programs do not support the possibility of building back better, weakly impacting 12 dimensions related to sustainability. We also propose a methodology to improve how sustainability concerns can be included in future choice of projects. Technical summaryIt has been argued that the significant outlays by governments across the world required to recover from the COVID-19 crisis can be an opportunity to build back better, that is, advance toward greener societies. In the Global South, which suffered acute social, economic and environmental problems prior to this health crisis, recovery initiatives would be best suited to focus on sustainable economic recovery which – along with the environmental concerns of a green recovery – could address pressing local problems. To this end, we analyzed the expected impacts of recovery initiatives in five Latin American countries on each of 71 sustainability criteria. These criteria are based on the UN sustainable development goals and other relevant literature related to sustainable development. Using principal component analysis, criteria are grouped into 12 dimensions. Our results show that recovery programs examined do not take advantage of the possibility of building back better, and many relevant dimensions related to a sustainable recovery are only weakly considered. Our methodology provides a step forward toward supporting governments in their efforts to identify better policies and investment projects and consequently put together packages of initiatives that advance on sustainability, green recovery or other long-term goals they may have. Social media summaryMethodology to analyze COVID-19 recovery packages shows small impact on sustainability in five Latin American countries.
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Pietrobelli, C., Marin, A., & Olivari, J. (2018). Innovation in mining value chains: New evidence from Latin America. Resour. Policy, 58, 1–10.
Abstract: The paper investigates new opportunities for innovation and linkages associated to mining activities in Brazil, Chile and Peru. Three types of opportunities were researched: demand side, supply side and local specificities. The last source of opportunities is key for natural resource related activities. The evidence shows that an increasing demand is introducing important incentives for innovation and local suppliers. Nevertheless, a hierarchical value chain, dominated by few large firms, and poor linkages is blocking the diffusion of innovations and hindering suppliers' development. The emergence of a group of highly innovative suppliers, which were identified in the three countries, is explained mostly by new technological and knowledge opportunities, which are not exploited by large incumbents and open spaces for new entrants. Local specificities are also key in the explanation of local suppliers. It remains a challenge however, how these, most of which were created to satisfy local needs, will move from local to global.
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Reus, L., Carrasco, J. A., & Pincheira, P. (2020). Do it with a smile: Forecasting volatility with currency options. Financ. Res. Lett., 34, 10 pp.
Abstract: We show that traditional measures of curvature and symmetry of the “smiles” improve volatility predictions in forex markets. We consider post crisis data at a daily basis for seven currencies vis a vis the American dollar: The British pound, the Euro, the Australian dollar, the Japanese yen, the Brazilian real and the Mexican and Chilean peso. While our results are robust to the option currency and maturity, they are particularly strong for latin-American currencies and options with longer maturity. We find that the simultaneous inclusion of skewness and kurtosis to a forecasting model significantly improves its predictive accuracy.
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