By a News Reporter-Staff News Editor at Business & Finance Week -- Current study results on Economics - Asian-Pacific Economies have been published. According to news reporting originating from Lanzhou, People’s Republic of China, by VerticalNews correspondents, research stated, “In the last two decades, the Tibetan regions of China have been experiencing a remarkable economic boom fueled by the caterpillar fungus, known in the West as the ‘Viagra of the Himalayas’ or ‘Tibetan Gold.’ This article examines the impacts of the caterpillar fungus boom on Tibetan pastoralists’ current-day livelihood and the prospects of their future economic development. Our study is based on a household survey conducted in 2016 covering 58 villages across the Tibetan autonomous land area.”
Our news editors obtained a quote from the research, “Results show that the new stream of cash income from gathering and trading caterpillar fungus has had a strong short-term welfare-improving effect. Household consumption, healthcare spending, and religious charity have risen sharply with caterpillar fungus income. Unfortunately, the fungus boom has not brought about productive investment or human capital accumulation that is conducive to long-term growth. Rather, the resource windfall has created disincentives for school attendance, nonfarm labor participation, and productivity improvements in pastoralism. The resource boom-induced disinvestments, if persistent, will likely further limit the capabilities of rural Tibetans to compete in the urban labor market, reinforcing the emerging trend of socioeconomic marginalization.”
According to the news editors, the research concluded: “We contextualize these findings in terms of Tibetans’ cultural and economic rationale, pointing out new directions for future research and policymaking.”
For more information on this research see: The caterpillar fungus boom on the Tibetan Plateau: Curse or blessing? China Economic Review , 2018;47():65-76. China Economic Review can be contacted at: Elsevier Science Inc, 360 Park Ave South, New York, NY 10010-1710, USA. (Elsevier - www.elsevier.com; China Economic Review - http://www.journals.elsevier.com/china-economic-review/)
The news editors report that additional information may be obtained by contacting C.G. Wang, Chinese Center Strateg Res Grassland Agr Dev, Lanzhou, Gansu, People’s Republic of China. Additional authors for this research include Z. Tang and Z.B. Nan.
The direct object identifier (DOI) for that additional information is: https://doi.org/10.1016/j.chieco.2017.12.003. This DOI is a link to an online electronic document that is either free or for purchase, and can be your direct source for a journal article and its citation.
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CITATION: (2018-04-14), New Asian-Pacific Economies Findings Has Been Reported by C.G. Wang et al (The caterpillar fungus boom on the Tibetan Plateau: Curse or blessing?), Business & Finance Week, 36, ISSN: 1945-6441, BUTTER® ID: 015455243
From the newsletter Business & Finance Week.
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