Lumpiness, capital adjustment costs and investment dynamics

Aggregate investment in the US economy displays a hump-shaped pattern in response to shocks, and the autocorrelation of aggregate investment growth is positive for the first few quarters, turning negative for the later quarters. This paper shows that this feature of the data is the natural outcome of a two-sector consumption/investment model designed and calibrated to reproduce plant-level evidence on capita: accumulation. (C) 2012 Elsevier B.V. All rights reserved.

Carbon and nitrogen stock and fluxes in coastal Atlantic Forest of southeast Brazil: potential impacts of climate change on biogeochemical functioning

The Atlantic Forest is one of the most important biomes of Brazil. Originally covering approximately 1.5 million of km(2), today this area has been reduced to 12% of its original size. Climate changes may alter the structure and the functioning of this tropical forest. Here we explore how increases in temperature and changes in precipitation distribution could affect dynamics of carbon and nitrogen in coastal Atlantic Forest of the southeast region of Brazil The main conclusion of this article is that the coastal Atlantic Forest has high stocks of carbon and nitrogen above ground, and especially, below ground. An increase in temperature may transform these forests from important carbon sinks to carbon sources by increasing loss of carbon and nitrogen to the atmosphere. However, this conclusion should be viewed with caution because it is based on limited information. Therefore, more studies are urgently needed to enable us to make more accurate predictions.

O lado escuro da capital social: implicações sociais e políticas

O artigo questiona a associação direta entre a interação em redes sociais e a produção de um tipo de capital social que traz ganhos benéficos à comunidade. O capital social pode adquirir formas e resultar em efeitos negativos sobre as relações sociais. Argumentase assim que relações fundadas em tais princípios, dependendo do tipo de vínculos entre os atores, do contexto sócio-econômico e da fragilidade das ações das instituições e do Estado, podem favorecer a emergência do lado escuro do capital social, conduzindo ao aumento do crime organizado, à perpetuação do clientelismo e da corrupção.