Pub Date : 2023-06-12DOI: 10.1146/annurev-resource-101422-090409
Travis A. Smith, Christian A. Gregory
We first discuss the genesis and development of the Food Security Module in the United States. We then present a conceptual model of food insecurity, drawing on consumer choice theory. The model shows how food insecurity exhibits a quality–quantity trade-off and has linkages to policy levers. Next, we present new stylized facts pertaining to food consumption for those who report food insecurity versus those who do not. Adults residing in food-insecure households consume lower-quality diets across the entire distribution of diet quality and experience more volatility in caloric intake. Males younger than 20 years in food-insecure households exhibit no differences in diet quality but consume fewer calories, while the opposite is true for younger females. We review the literature pertaining to the effects of federal food assistance programs on food insecurity. The Supplemental Nutrition Assistance Program tends to reduce household food insecurity, while having little to no effect on nutritional quality. Federal programs pertaining to children (i.e., the school food programs and the Special Supplemental Nutrition Program for Women, Infants, and Children) tend to reduce food insecurity while also increasing the nutritional quality of children's diet. Expected final online publication date for the Annual Review of Resource Economics, Volume 15 is October 2023. Please see http://www.annualreviews.org/page/journal/pubdates for revised estimates.
{"title":"Food Insecurity in the United States: Measurement, Economic Modeling, and Food Assistance Effectiveness","authors":"Travis A. Smith, Christian A. Gregory","doi":"10.1146/annurev-resource-101422-090409","DOIUrl":"https://doi.org/10.1146/annurev-resource-101422-090409","url":null,"abstract":"We first discuss the genesis and development of the Food Security Module in the United States. We then present a conceptual model of food insecurity, drawing on consumer choice theory. The model shows how food insecurity exhibits a quality–quantity trade-off and has linkages to policy levers. Next, we present new stylized facts pertaining to food consumption for those who report food insecurity versus those who do not. Adults residing in food-insecure households consume lower-quality diets across the entire distribution of diet quality and experience more volatility in caloric intake. Males younger than 20 years in food-insecure households exhibit no differences in diet quality but consume fewer calories, while the opposite is true for younger females. We review the literature pertaining to the effects of federal food assistance programs on food insecurity. The Supplemental Nutrition Assistance Program tends to reduce household food insecurity, while having little to no effect on nutritional quality. Federal programs pertaining to children (i.e., the school food programs and the Special Supplemental Nutrition Program for Women, Infants, and Children) tend to reduce food insecurity while also increasing the nutritional quality of children's diet. Expected final online publication date for the Annual Review of Resource Economics, Volume 15 is October 2023. Please see http://www.annualreviews.org/page/journal/pubdates for revised estimates.","PeriodicalId":48856,"journal":{"name":"Annual Review of Resource Economics","volume":"10 1","pages":""},"PeriodicalIF":5.8,"publicationDate":"2023-06-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80249707","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-06-07DOI: 10.1146/annurev-resource-101422-090049
K. Abay, T. Wossen, G. Abate, James Stevenson, H. Michelson, C. Barrett
An evolving literature evaluates the inferential and behavioral implications of measurement error (ME) in agricultural data. We synthesize findings on the nature and sources of ME and potential remedies. We provide practical guidance for choosing among alternative approaches for detecting, obviating, or correcting for alternative sources of ME, as these have different behavioral and inferential implications. Some ME biases statistical inference and thus may require econometric correction. Other types of ME may affect (and shed light on) farmers’ decision-making processes even if farmers’ responses are objectively incorrect. Where feasible, collecting both self-reported and objectively measured data for the same variable may enrich understanding of policy-relevant agricultural and behavioral phenomena. Expected final online publication date for the Annual Review of Resource Economics, Volume 15 is October 2023. Please see http://www.annualreviews.org/page/journal/pubdates for revised estimates.
{"title":"Inferential and Behavioral Implications of Measurement Error in Agricultural Data","authors":"K. Abay, T. Wossen, G. Abate, James Stevenson, H. Michelson, C. Barrett","doi":"10.1146/annurev-resource-101422-090049","DOIUrl":"https://doi.org/10.1146/annurev-resource-101422-090049","url":null,"abstract":"An evolving literature evaluates the inferential and behavioral implications of measurement error (ME) in agricultural data. We synthesize findings on the nature and sources of ME and potential remedies. We provide practical guidance for choosing among alternative approaches for detecting, obviating, or correcting for alternative sources of ME, as these have different behavioral and inferential implications. Some ME biases statistical inference and thus may require econometric correction. Other types of ME may affect (and shed light on) farmers’ decision-making processes even if farmers’ responses are objectively incorrect. Where feasible, collecting both self-reported and objectively measured data for the same variable may enrich understanding of policy-relevant agricultural and behavioral phenomena. Expected final online publication date for the Annual Review of Resource Economics, Volume 15 is October 2023. Please see http://www.annualreviews.org/page/journal/pubdates for revised estimates.","PeriodicalId":48856,"journal":{"name":"Annual Review of Resource Economics","volume":"14 1","pages":""},"PeriodicalIF":5.8,"publicationDate":"2023-06-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86466902","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-06-07DOI: 10.1146/annurev-resource-022823-033521
S. Bansal, Yanhong Jin
Based on an extensive literature review and publicly available data, this article provides insights into the differences in prevalence, sociodemographics, contributing factors, socioeconomic consequences, health effects, and public policies related to obesity between developed and developing countries. Most importantly, it explores the relationship between obesity and life expectancy and identifies potential mechanisms through which obesity affects mortality, highlighting the differences between developed and developing countries and by gender. It also examines how the associations between obesity and life expectancy differ at the population level compared with the individual level. The evidence shows a negative association between obesity and longevity, as well as an increased risk of various diseases with the rising rates of obesity. The findings contribute to a better understanding of the heterogenous effects of obesity on life expectancy between developed and developing countries and by gender. The article also discusses the effectiveness of various policies adopted to address obesity and provides suggestions to address obesity problems and improve health and well-being in these countries. Expected final online publication date for the Annual Review of Resource Economics, Volume 15 is October 2023. Please see http://www.annualreviews.org/page/journal/pubdates for revised estimates.
{"title":"Heterogeneous Effects of Obesity on Life Expectancy: A Global Perspective","authors":"S. Bansal, Yanhong Jin","doi":"10.1146/annurev-resource-022823-033521","DOIUrl":"https://doi.org/10.1146/annurev-resource-022823-033521","url":null,"abstract":"Based on an extensive literature review and publicly available data, this article provides insights into the differences in prevalence, sociodemographics, contributing factors, socioeconomic consequences, health effects, and public policies related to obesity between developed and developing countries. Most importantly, it explores the relationship between obesity and life expectancy and identifies potential mechanisms through which obesity affects mortality, highlighting the differences between developed and developing countries and by gender. It also examines how the associations between obesity and life expectancy differ at the population level compared with the individual level. The evidence shows a negative association between obesity and longevity, as well as an increased risk of various diseases with the rising rates of obesity. The findings contribute to a better understanding of the heterogenous effects of obesity on life expectancy between developed and developing countries and by gender. The article also discusses the effectiveness of various policies adopted to address obesity and provides suggestions to address obesity problems and improve health and well-being in these countries. Expected final online publication date for the Annual Review of Resource Economics, Volume 15 is October 2023. Please see http://www.annualreviews.org/page/journal/pubdates for revised estimates.","PeriodicalId":48856,"journal":{"name":"Annual Review of Resource Economics","volume":"25 1","pages":""},"PeriodicalIF":5.8,"publicationDate":"2023-06-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89609143","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-05-30DOI: 10.1146/annurev-resource-101422-085414
A. Mirzabaev, David Wuepper
Restoration of degraded ecosystems is essential for having a stable climate, reducing weather extremes and disease burden, producing enough food to feed growing populations, and generally keeping the world livable. However, we are currently rapidly degrading ecosystems worldwide, thus destroying the very basis of life. There is a major gap between what investments are needed to restore degraded ecosystems and prevent further degradation and what is actually being invested. In addition, most governments are still learning how to design and implement ecosystem restoration policies that are effective and efficient. Ecosystem restoration should be among our main scientific endeavors. This review fills a critical gap in the existing literature by providing a theory-informed understanding of the findings emerging from this highly policy-relevant strand of resource economics. The article also suggests key areas for future research. Expected final online publication date for the Annual Review of Resource Economics, Volume 15 is October 2023. Please see http://www.annualreviews.org/page/journal/pubdates for revised estimates.
{"title":"Economics of Ecosystem Restoration","authors":"A. Mirzabaev, David Wuepper","doi":"10.1146/annurev-resource-101422-085414","DOIUrl":"https://doi.org/10.1146/annurev-resource-101422-085414","url":null,"abstract":"Restoration of degraded ecosystems is essential for having a stable climate, reducing weather extremes and disease burden, producing enough food to feed growing populations, and generally keeping the world livable. However, we are currently rapidly degrading ecosystems worldwide, thus destroying the very basis of life. There is a major gap between what investments are needed to restore degraded ecosystems and prevent further degradation and what is actually being invested. In addition, most governments are still learning how to design and implement ecosystem restoration policies that are effective and efficient. Ecosystem restoration should be among our main scientific endeavors. This review fills a critical gap in the existing literature by providing a theory-informed understanding of the findings emerging from this highly policy-relevant strand of resource economics. The article also suggests key areas for future research. Expected final online publication date for the Annual Review of Resource Economics, Volume 15 is October 2023. Please see http://www.annualreviews.org/page/journal/pubdates for revised estimates.","PeriodicalId":48856,"journal":{"name":"Annual Review of Resource Economics","volume":"64 1","pages":""},"PeriodicalIF":5.8,"publicationDate":"2023-05-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74595576","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-05-17DOI: 10.1146/annurev-resource-101422-013027
K. Giannakas, A. Yiannaka
Food fraud represents a serious threat to the integrity of the global agri-food marketing system and has received considerable attention by policy makers, academics, and the public at large. This review presents the conditions that enable fraudulent activity in agri-food supply chains (such as asymmetric information, imperfect certification processes, supply chain complexity, and weak monitoring and enforcement systems) and discusses recent efforts to document and deter food fraud and the growing theoretical and empirical literature on the economics of food fraud. The article concludes by identifying some gaps in the literature and provides suggestions for future research. Expected final online publication date for the Annual Review of Resource Economics, Volume 15 is October 2023. Please see http://www.annualreviews.org/page/journal/pubdates for revised estimates.
{"title":"Food Fraud: Causes, Consequences, and Deterrence Strategies","authors":"K. Giannakas, A. Yiannaka","doi":"10.1146/annurev-resource-101422-013027","DOIUrl":"https://doi.org/10.1146/annurev-resource-101422-013027","url":null,"abstract":"Food fraud represents a serious threat to the integrity of the global agri-food marketing system and has received considerable attention by policy makers, academics, and the public at large. This review presents the conditions that enable fraudulent activity in agri-food supply chains (such as asymmetric information, imperfect certification processes, supply chain complexity, and weak monitoring and enforcement systems) and discusses recent efforts to document and deter food fraud and the growing theoretical and empirical literature on the economics of food fraud. The article concludes by identifying some gaps in the literature and provides suggestions for future research. Expected final online publication date for the Annual Review of Resource Economics, Volume 15 is October 2023. Please see http://www.annualreviews.org/page/journal/pubdates for revised estimates.","PeriodicalId":48856,"journal":{"name":"Annual Review of Resource Economics","volume":"8 1","pages":""},"PeriodicalIF":5.8,"publicationDate":"2023-05-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83190304","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-05-17DOI: 10.1146/annurev-resource-111820-034312
J. Alston, P. Pardey, D. Serfas, Shanchao Wang
R&D is slow magic. It takes many years before research investments begin to affect productivity, but then they can affect productivity for a long time. Many economists get this wrong. Here, we revisit the conceptual foundations for R&D lag models used to represent the temporal links between research investments and impact, review prevalent practice, and document and discuss a range of evidence on R&D lags in agriculture and other industries. Our theory and evidence consistently support the use of longer lags with a different overall lag profile than is typically imposed in studies of industrial R&D and government compilations of R&D knowledge stocks. Many studies systematically fail to recognize the many years of investment and effort typically required to create a new technology and bring it to market and the subsequent years as the technology is diffused and adopted. Consequential distortions in the measures and economic understanding are implied. Expected final online publication date for the Annual Review of Resource Economics, Volume 15 is October 2023. Please see http://www.annualreviews.org/page/journal/pubdates for revised estimates.
{"title":"Slow Magic: Agricultural Versus Industrial R&D Lag Models","authors":"J. Alston, P. Pardey, D. Serfas, Shanchao Wang","doi":"10.1146/annurev-resource-111820-034312","DOIUrl":"https://doi.org/10.1146/annurev-resource-111820-034312","url":null,"abstract":"R&D is slow magic. It takes many years before research investments begin to affect productivity, but then they can affect productivity for a long time. Many economists get this wrong. Here, we revisit the conceptual foundations for R&D lag models used to represent the temporal links between research investments and impact, review prevalent practice, and document and discuss a range of evidence on R&D lags in agriculture and other industries. Our theory and evidence consistently support the use of longer lags with a different overall lag profile than is typically imposed in studies of industrial R&D and government compilations of R&D knowledge stocks. Many studies systematically fail to recognize the many years of investment and effort typically required to create a new technology and bring it to market and the subsequent years as the technology is diffused and adopted. Consequential distortions in the measures and economic understanding are implied. Expected final online publication date for the Annual Review of Resource Economics, Volume 15 is October 2023. Please see http://www.annualreviews.org/page/journal/pubdates for revised estimates.","PeriodicalId":48856,"journal":{"name":"Annual Review of Resource Economics","volume":"5 1","pages":""},"PeriodicalIF":5.8,"publicationDate":"2023-05-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82012223","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This article develops a conceptual framework on pathways through which noncontributory social protection can support resilient and inclusive agricultural growth in rural Africa. It draws insights from a review of rigorous empirical evidence on the impacts of cash transfers and multifaceted cash plus programs on a range of relevant productive outcomes, including accumulation of productive assets, inputs and farm management practices, off-farm labor and nonfarm enterprises, and farm production and income. This review demonstrates an emerging consensus in the literature: that access to social protection programs contributes positively to increasing the productive asset holdings of rural people, increasing the use of improved inputs and farm practices, and shifting away from casual wage labor arrangements. Moreover, there is limited evidence on heterogeneous effects across different baseline characteristics (income, sex, and labor-constrained households, among others). Finally, the article highlights how social protection programs should be considered an integral part of broader rural and agricultural development strategies in order to achieve a more productive, resilient, and equitable rural transformation in rural Africa. Expected final online publication date for the Annual Review of Resource Economics, Volume 15 is October 2023. Please see http://www.annualreviews.org/page/journal/pubdates for revised estimates.
{"title":"Social protection and rural transformation in Africa","authors":"J. Correa, S. Daidone, B. Davis, N. Sitko","doi":"10.4060/cc5112en","DOIUrl":"https://doi.org/10.4060/cc5112en","url":null,"abstract":"This article develops a conceptual framework on pathways through which noncontributory social protection can support resilient and inclusive agricultural growth in rural Africa. It draws insights from a review of rigorous empirical evidence on the impacts of cash transfers and multifaceted cash plus programs on a range of relevant productive outcomes, including accumulation of productive assets, inputs and farm management practices, off-farm labor and nonfarm enterprises, and farm production and income. This review demonstrates an emerging consensus in the literature: that access to social protection programs contributes positively to increasing the productive asset holdings of rural people, increasing the use of improved inputs and farm practices, and shifting away from casual wage labor arrangements. Moreover, there is limited evidence on heterogeneous effects across different baseline characteristics (income, sex, and labor-constrained households, among others). Finally, the article highlights how social protection programs should be considered an integral part of broader rural and agricultural development strategies in order to achieve a more productive, resilient, and equitable rural transformation in rural Africa. Expected final online publication date for the Annual Review of Resource Economics, Volume 15 is October 2023. Please see http://www.annualreviews.org/page/journal/pubdates for revised estimates.","PeriodicalId":48856,"journal":{"name":"Annual Review of Resource Economics","volume":"17 1","pages":""},"PeriodicalIF":5.8,"publicationDate":"2023-03-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81697003","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-10-05DOI: 10.1146/annurev-re-14-072722-100001
G. Rausser, D. Zilberman
{"title":"Resource Economics and Modern Science to the Rescue","authors":"G. Rausser, D. Zilberman","doi":"10.1146/annurev-re-14-072722-100001","DOIUrl":"https://doi.org/10.1146/annurev-re-14-072722-100001","url":null,"abstract":"","PeriodicalId":48856,"journal":{"name":"Annual Review of Resource Economics","volume":"20 1","pages":""},"PeriodicalIF":5.8,"publicationDate":"2022-10-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80344934","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-10-05DOI: 10.1146/annurev-resource-111820-023242
Vincenzina Caputo, R. Scarpa
In recent decades, discrete choice experiment research applied to food choices has grown rapidly. Empirical applications include investigations of consumer preferences and demand for various food attributes, labeling programs, novel products and applications, and new food technologies. Methodological contributions include advances in the form of new theories, elicitation methods, and modeling. This study focuses on the latter and ( a) reviews recent methodological contributions in the food choice experiment literature, ( b) examines existing knowledge gaps, and ( c) discusses possible future research directions.
{"title":"Methodological Advances in Food Choice Experiments and Modeling: Current Practices, Challenges, and Future Research Directions","authors":"Vincenzina Caputo, R. Scarpa","doi":"10.1146/annurev-resource-111820-023242","DOIUrl":"https://doi.org/10.1146/annurev-resource-111820-023242","url":null,"abstract":"In recent decades, discrete choice experiment research applied to food choices has grown rapidly. Empirical applications include investigations of consumer preferences and demand for various food attributes, labeling programs, novel products and applications, and new food technologies. Methodological contributions include advances in the form of new theories, elicitation methods, and modeling. This study focuses on the latter and ( a) reviews recent methodological contributions in the food choice experiment literature, ( b) examines existing knowledge gaps, and ( c) discusses possible future research directions.","PeriodicalId":48856,"journal":{"name":"Annual Review of Resource Economics","volume":"22 1","pages":""},"PeriodicalIF":5.8,"publicationDate":"2022-10-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82233307","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-07-14DOI: 10.1146/annurev-resource-111920-020721
Ben Groom, Moritz A. Drupp, Mark C. Freeman, Frikk Nesje
Governments across the world are coming under increasing pressure to invest heavily in projects that have maturities of decades or even centuries. Key areas of concern include climate change mitigation, environmental and biodiversity protection, nuclear decommissioning, enhancing infrastructure and coastal defenses, and long-term health care management. Whether such projects are evaluated as being economically justifiable depends on the social discount rate (SDR) that the government deploys. This variable converts the future costs and benefits of public policy into their value today, thereby facilitating the comparison of social investments with different maturities. Critically, the result of such analysis is extremely sensitive to small changes in the choice of the SDR, yet policy guidelines differ widely across countries and international institutions. In this article, we provide a review of the academic literature on long-term SDRs, with particular emphasis on how these insights have been integrated into governmental guidance. Expected final online publication date for the Annual Review of Resource Economics, Volume 14 is October 2022. Please see http://www.annualreviews.org/page/journal/pubdates for revised estimates.
{"title":"The Future, Now: A Review of Social Discounting","authors":"Ben Groom, Moritz A. Drupp, Mark C. Freeman, Frikk Nesje","doi":"10.1146/annurev-resource-111920-020721","DOIUrl":"https://doi.org/10.1146/annurev-resource-111920-020721","url":null,"abstract":"Governments across the world are coming under increasing pressure to invest heavily in projects that have maturities of decades or even centuries. Key areas of concern include climate change mitigation, environmental and biodiversity protection, nuclear decommissioning, enhancing infrastructure and coastal defenses, and long-term health care management. Whether such projects are evaluated as being economically justifiable depends on the social discount rate (SDR) that the government deploys. This variable converts the future costs and benefits of public policy into their value today, thereby facilitating the comparison of social investments with different maturities. Critically, the result of such analysis is extremely sensitive to small changes in the choice of the SDR, yet policy guidelines differ widely across countries and international institutions. In this article, we provide a review of the academic literature on long-term SDRs, with particular emphasis on how these insights have been integrated into governmental guidance. Expected final online publication date for the Annual Review of Resource Economics, Volume 14 is October 2022. Please see http://www.annualreviews.org/page/journal/pubdates for revised estimates.","PeriodicalId":48856,"journal":{"name":"Annual Review of Resource Economics","volume":"18 1","pages":""},"PeriodicalIF":5.8,"publicationDate":"2022-07-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86615143","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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