Economic valuation of a rise in ambient radiation risks: Hedonic pricing evidence from the accident in Fukushima

Using a combined data set of radiation levels and property prices from Fukushima and Miyagi prefectures that runs from 2009 to early 2017, the economic impact of radiation from the Fukushima nuclear accident is assessed. A 1 percent rise in radiation is associated with approximately 0.051 percentage drop in housing prices and though the level of radiation falls substantially after 2011, the estimated elasticity is broadly stable. The associated estimate of VSL (value of a statistical life) is in the region of US$4.5–6.4 million, which suggests no strong element of dread or overestimation of risks is present.     

Land reform in South Africa and the colonial present

This paper develops Derek Gregory's concept of the ‘colonial present’ by demonstrating how the colonial present in rural South Africa in general and around land reform in particular has conditioned land reform outcomes. My development of the concept departs from Gregory's in two key respects. I argue first that, by viewing it in relation to the geopolitics of capitalism, it can be applied to places beyond the immediate influence of US military power; and, second, that social forces which might begin to undermine the colonial present should be examined. My empirical materials draw upon primary research on the emergence of government-sponsored partnerships between restitution beneficiaries and agribusinesses in northern Limpopo. I use the materials to argue that partnerships have emerged given white farmers’ near-monopoly on skills and the persistent power of traditional leaders, two features of South Africa's colonial past whose importance today is suggestive of a colonial present.