National park agencies in Africa often lack incentives to maximize revenue, despite the decline in conservation subsidies from the State. We explore the potential of pricing policy to generate funds for extensive conservation. We estimate recreation demand by international tourists for a popular South African park, calculate the consumer surplus and find the revenue-maximizing entrance fee. Our results suggest substantial underpricing and therefore significant forgone income.

This paper uses Fishery Performance Indicators (FPIs) to compare nine Chinese fisheries in terms of their triple bottom line (ecological, economic, and community sustainability) with the top 10% performing fisheries within the global FPIs database. The results show the largest differences between the Chinese fisheries and top-performing fisheries globally are in ecological sustainability followed by harvest sector performance and economic performance. The gaps in community sustainability and post-harvest performance are smaller.

Abstract

Intellectual property is related to industrial property and copyright, and in both cases is considered to be an indicator of innovation and development. The study of innovation subsidies given to innovative firms has been widely reviewed in developed economies, but there is very little empirical evidence for developing countries. And this study looks to provide new insights into developing countries, which motivates the originality of this paper.

This paper assesses the role of foreign direct investment in economic growth by analyzing the contribution of sectoral external finance in Tanzania. Time series data from 1988 to 2017 and 1999 to 2017 for the general and sector‐specific foreign finance respectively is studied using time series econometrics techniques. More specifically, the autoregressive distributive lag bound test for cointegration and error correction model are employed to evaluate the impact of sector foreign direct investment on growth.

Abstract