Vida y muerte empresarial - Estudios empíricos de perdurabilidad, empresas saludables : caso Bodytech

En los últimos años en Colombia se ha visto un crecimiento exponencial de muchos negocios que son nuevos para el Mercado Colombiano y en especial para el consumidor. Esto es el resultado de una sostenibilidad y perdurabilidad de compañías que son factores importantes para un negocio durante tiempos difíciles. Pero hay muchos componentes que son necesarios para conseguir los logros financieros y económicos esperados. Las compañías siempre están en la búsqueda de desarrollar un modelo de crecimiento exitoso para establecer un nombre y un modelo de negocio en el largo plazo. En este caso en particular, existe una compañía Colombiana llamada BODYTECH, que empezó como un negocio pequeño y ahora es una de los centros deportivos número uno de Colombia y uno de los más importantes de Latinoamérica. Los fundadores de BODYTECH lograron crear una idea de negocio completamente nueva para un mercado que nunca había visto algo parecido. Aprovecharon la oportunidad en un sector que nunca había sido explotado de esa manera antes y se convirtieron en los mejores en lo que hacen creando un nombre reconocido a nivel nacional y un excelente lugar de trabajo. Todo lo mencionado anteriormente hacen de BODYTECH una de las compañías más admiradas y consolidadas en Colombia y Latinoamérica.

Asymmetries in Business Cycles

Esta disertación busca estudiar los mecanismos de transmisión que vinculan el comportamiento de agentes y firmas con las asimetrías presentes en los ciclos económicos. Para lograr esto, se construyeron tres modelos DSGE. El en primer capítulo, el supuesto de función cuadrática simétrica de ajuste de la inversión fue removido, y el modelo canónico RBC fue reformulado suponiendo que des-invertir es más costoso que invertir una unidad de capital físico. En el segundo capítulo, la contribución más importante de esta disertación es presentada: la construcción de una función de utilidad general que anida aversión a la pérdida, aversión al riesgo y formación de hábitos, por medio de una función de transición suave. La razón para hacerlo así es el hecho de que los individuos son aversos a la pérdidad en recesiones, y son aversos al riesgo en auges. En el tercer capítulo, las asimetrías en los ciclos económicos son analizadas junto con ajuste asimétrico en precios y salarios en un contexto neokeynesiano, con el fin de encontrar una explicación teórica de la bien documentada asimetría presente en la Curva de Phillips.

Seasons, savings and GDP

The industrial revolution and the subsequent industrialization of the economies occurred Orst in temperate regions. We argue that this and the associated positive correlation between absolute latitude and GDP per capita is due to the fact that countries located far from the equator suffered more profound seasonal auctuations in climate, namely stronger and longer winters. We propose a growth model of biased innovations that accounts for these facts and show that countries located in temperate regions were more likely to create or adopt capital intensive modes of production. The intuition behind this result is that savings are used to smooth consumption; therefore, in places where output auctuations are more profound, savings are bigger. Because the incentives to innovate depend on the relative supply factors, economies where savings are bigger are more likely to create or adopt capital intensive technologies.

Factor saving innovations and factor income shares

We present an endogenous growth model where innovations are factor saving. Technologies can be changed paying a cost and technological change takes place only if the benefits are larger than the costs. Since the gains derived from factor saving innovations depend on factor abundance, biased innovations respond to changes in factors supply. Therefore, as an economy becomes more capital abundant agents try to use capital more intensively. Consequently, (a) the elasticity of output with respect to reproducible factors depends on the capital abundance of the economy and (b) the income share of reproducible factors increases as the economy grows. Another insight of the model is that in some economies the production function converges to an AK in the long run, while in others long-run growth is zero

Evaluating the role of environmental quality in the sustainable rural economic development of England

The issue of the sustainable development of rural economies in England has recently received considerable attention. This is because many of the poorest areas in the country are rural, often of high environmental quality, but suffering from high unemployment and a lack of services and facilities. The rapid decline in agricultural incomes and in-migration of affluent urban workers since 1990 has exacerbated economic inequality in such areas. A number of factors have the potential to drive rural development and this paper applies, and considers, the feasibility of a method from the USA for combining economic and environmental variables in a regional growth model to examine the hypothesis that environmental quality is an important determinant of sustainable rural development in England. The model output suggests that, although environmental quality does play a role in sustainable rural development in England there are other, more important, factors driving development. These include business and communications infra-structure, the degree and opportunities for commuting and underlying employment prospects. The robustness and limitations of the method for combining economic and environmental variables is discussed in relation to the spatial interrelatedness of Local Authority Districts in England, and conclusions are drawn about areas for refinement and improvement of the method.

Mode I fracture of sheet metal

The perceived wisdom about thin sheet fracture is that (i) the crack propagates under mixed mode I & III giving rise to a slant through-thickness fracture profile and (ii) the fracture toughness remains constant at low thickness and eventually decreases with increasing thickness. In the present study, fracture tests performed on thin DENT plates of various thicknesses made of stainless steel, mild steel, 6082-O and NS4 aluminium alloys, brass, bronze, lead, and zinc systematically exhibit (i) mode I “bath-tub”, i.e. “cup & cup”, fracture profiles with limited shear lips and significant localized necking (more than 50% thickness reduction), (ii) a fracture toughness that linearly increases with increasing thickness (in the range of 0.5–5 mm). The different contributions to the work expended during fracture of these materials are separated based on dimensional considerations. The paper emphasises the two parts of the work spent in the fracture process zone: the necking work and the “fracture” work. Experiments show that, as expected, the work of necking per unit area linearly increases with thickness. For a typical thickness of 1 mm, both fracture and necking contributions have the same order of magnitude in most of the metals investigated. A model is developed in order to independently evaluate the work of necking, which successfully predicts the experimental values. Furthermore, it enables the fracture energy to be derived from tests performed with only one specimen thickness. In a second modelling step, the work of fracture is computed using an enhanced void growth model valid in the quasi plane stress regime. The fracture energy varies linearly with the yield stress and void spacing and is a strong function of the hardening exponent and initial void volume fraction. The coupling of the two models allows the relative contributions of necking versus fracture to be quantified with respect to (i) the two length scales involved in this problem, i.e. the void spacing and the plate thickness, and (ii) the flow properties of the material. Each term can dominate depending on the properties of the material which explains the different behaviours reported in the literature about thin plate fracture toughness and its dependence with thickness.

The impact of fragmentation and density regulation on forest succession in the Atlantic rain forest

The Atlantic Rain Forest, an important biodiversity hot spot, has faced severe habitat loss since the last century which has resulted in a highly fragmented landscape with a large number of small forest patches (<100 ha). For conservation planning it is essential to understand how current and future forest regeneration depends on ecological processes, fragment size and the connection to the regional seed pool. We have investigated the following questions by applying the forest growth simulation model FORMIND to the situation of the Atlantic Forest in the state of Sao Paulo, SE Brazil: (1) which set of parameters describing the local regeneration and level of density regulation can reproduce the biomass distribution and stem density of an old growth forest in a reserve? (2) Which additional processes apart from those describing the dynamics of an old growth forest, drive forest succession of small isolated fragments? (3) Which role does external seed input play during succession? Therefore, more than 300 tree species have been classified into nine plant functional types (PFTs), which are characterized by maximum potential height and shade tolerance. We differentiate between two seed dispersal modes: (i) local dispersal, i.e. all seedlings originated from fertile trees within the simulated area and (ii) external seed rain. Local seed dispersal has been parameterized following the pattern oriented approach, using biomass estimates of old growth forest. We have found that moderate density regulation is essential to achieve coexistence for a broad range of regeneration parameters. Considering the expected uncertainty and variability in the regeneration processes it is important that the forest dynamics are robust to variations in the regeneration parameters. Furthermore, edge effects such as increased mortality at the border and external seed rain have been necessary to reproduce the patterns for small isolated fragments. Overall, simulated biomass is much lower in the fragments compared to the continuous forest, whereas shade tolerant species are affected most strongly by fragmentation. Our simulations can supplement empirical studies by extrapolating local knowledge on edge effects of fragments to larger temporal and spatial scales. In particular our results show the importance of external seed rain and therefore highlight the importance of structural connectivity between regenerating fragments and mature forest stands. (C) 2009 Elsevier B.V. All rights reserved.

Expression of human papillomavirus type 16 E7 oncoprotein alters keratinocytes expression profile in response to tumor necrosis factor-alpha

Acute expression of E7 oncogene from human papillomavirus (HPV) 16 or HPV18 is sufficient to overcome tumor necrosis factor (TNF)-alpha cytostatic effect on primary human keratinocytes. In the present study, we investigated the molecular basis of E7-induced TNF resistance through a comparative analysis of the effect of this cytokine on the proliferation and global gene expression of normal and E7-expressing keratinocytes. Using E7 functional mutants, we show that E7-induced TNF resistance correlates with its ability to mediate pRb degradation and cell transformation. On the other hand, this effect does not depend on E7 sequences required to override DNA damage-induced cell cycle arrest or extend keratinocyte life span. Furthermore, we identified a group of 66 genes whose expression pattern differs between normal and E7-expressing cells upon cytokine treatment. These genes are mainly involved in cell cycle regulation suggesting that their altered expression may contribute to sustained cell proliferation even in the presence of a cytostatic stimulus. Differential expression of TCN1 (transcobalamin I), IFI44 (Interferon-induced protein 44), HMGB2 (high-mobility group box 2) and FUS [Fusion (involved in t(12; 16) in malignant liposarcoma)] among other genes were further confirmed by western-blot and/or real-time polymerase chain reaction. Moreover, FUS upregulation was detected in HPV-positive cervical high-grade squamous intraepithelial lesions when compared with normal cervical tissue. Further evaluation of the role of such genes in TNF resistance and HPVassociated disease development is warranted.

Taxas de matrícula e gastos em educação no Brasil

Neste trabalho avaliamos, sob a Ûtica macroeconÙmica, o custo do atraso educacional brasileiro. Utilizamos uma vers„o do modelo de crescimento neocl·ssico com formulaÁ„o minceriana para o capital humano no qual, para uma parametrizaÁ„o apropriada, simulamos o impacto sobre os agregados macroeconÙmicos de um perÖl factÌvel de gasto em educaÁ„o com gastos sistematicamente maiores a partir de 1933. Gastos mais elevados permitiriam matrÌculas adicionais no ensino p˙blico e a maior escolaridade da populaÁ„o aumentaria a produtividade do trabalho, impactando sobre os agregados macro. Dessa forma, esta abordagem requer o valor de gastos por aluno, de modo que reproduzimos aqui o n˙mero anual de matrÌculas iniciais nos trÍs nÌveis de ensino (prim·rio, secund·rio e terci·rio), a taxa de matrÌcula bruta para cada um desses nÌveis de 1933 a 2005 e uma sugest„o de c·lculo de uma sÈrie histÛrica de gastos em educaÁ„o para o referido perÌodo. Seguindo esta abordagem, o PIB em 2004, por exemplo, poderia ser sido atÈ 27% maior do que o observado. Uma outra quest„o que buscamos responder nesse trabalho È o impacto sobre os agregados macroenÙmicos da universalizaÁ„o dos ensinos prim·rio e secund·rio j· nos anos 50 e 60. Embora tal polÌtica pudesse ter levado a um produto 26% maior em 2004, esta requeriria investimentos substanciais em educaÁ„o, algo superior a 10% do PIB de 1958 a 1962, por exemplo.

Informality in labor market and welfare

The neoclassical growth model with two sectors in production is employed in this paper in order to investigate how a change in the tax structure affects informality and welfare. We calibrate and simulate the model and find that welfare always increases when we reduce the tax rate on the demand for labor and adjust the tax rate on the value added so that the government revenue remains constant.

The implications of embodiment and Putty-Clay to economic development

In this paper we construct and analyze a growth model with the following three ingredients. (i) Technological progress is embodied. (ii) The production function of a firm is such that the firm makes both technology upgrade as well as capital and labor decisions. (iii) The firm’s production technology is putty-clay. We assume that there are disincentives to the accumulation of capital, resulting in a divergence between the social and the private cost of investment. We solve a single firm’s problem in this environment. Then we determine general equilibrium prices of capital goods of different vintages. Using these prices we aggregate firms’ decisions and construct the theoretical analogues of National Income statistics. This generates a relationship between disincentives and per capita incomes. We analyze this relationship and show the quantitative and qualitative roles of embodiment and putty-clay. We also show how the model is taken to data, quantified and used to determine to what extent income gaps across countries can be attributed to disincentives.

Cooperação, capital social e desempenho econômico: um estudo analítico

O objetivo deste artigo é definir capital social como infra-estrutura social e procurar incluir tal variável num modelo de crescimento econômico. O capital social, visto de tal forma, teria impacto sobre a produtividade dos fatores de produção. Em primeiro lugar, discutirei como as variáveis institucionais podem afetar o crescimento. Em segundo lugar, analisando várias definições de capital social, mostrarei quais são as virtudes e problemas de cada uma e definirei, para a introdução de tal variável num modelo de crescimento, capital social como infra-estrutura social. Por fim, tentarei abrir espaço para estudos empíricos posteriores, tanto no campo da mensuração de estoque de capital social, como em estudos entre economias no sentido de captar o impacto do capital social sobre o crescimento econômico.

Taxação diferenciada sobre firmas, má alocação dos recursos e produto de longo prazo

O quanto e como a estrutura tributária adotada por um país pode afetar seu produto de longo prazo? Para tentar responder essa pergunta, usamos um modelo de crescimento neoclássico com plantas heterogêneas desenvolvido por Restuccia e Rogerson (2008). Separando as plantas em três diferentes subgrupos, as pequenas, as médias e as grandes, definimos estrutura tributária como sendo o conjunto de taxas cobradas sobre a receita de cada um dos tipos de planta. Partindo-se então de um equilíbrio de estado estacionário onde as plantas pequenas tem sua receita taxada em 18%, as médias em 30% e as grande em 50%, essa dissertação faz uma série de exercícios numéricos com o intuito de identificar possíveis ganhos/perdas de se alterar a estrutura tributária vigente.

Distortions in the investment goods sector and productivity decline

We study the impact of distortions in the investment goods sector on aggregate total factor productivity (TFP). We develop a two-sector neo-classical growth model in which TFP in the capital goods sector relative to TFP in the consumption sector is inversely related to the price of investment relative to consumption, so that we use relative prices to measure TFP in the investment goods sector. The model is calibrated to Brazil and we nd that distortions in the investment goods sector may explain most of the decline in Brazilian TFP relative to the United States since the mid-1970s.

Malthus to Solow

A unified growth theory is developed that accounts for the roughly constant living standards displayed by world economies prior to 1800 as well as the growing living standards exhibited by modem industrial economies. Our theory also explains the industrial revolution, which is the transition from an era when per capita incomes are stagnant to one with sustained growth. This transition is inevitable given positive rates oftotal factor productivity growth. We use a standard growth mode1 with one good and two available techno10gies. The first, denoted the "Malthus" technology, requires 1and, labor and reproducible capital as inputs. The second, denoted the "Solow" technology, does not require land. We show that in the earIy stages of development, only the Malthus technology is used and, due to population growth, living standards are stagnant despite technological progresso Eventually, technological progress causes the Solow technology to become profitable and both technologies are employed. At this point, living standards improve since population growth has less influence on per capita income growth. In the limit, the economy behaves like a standard Solow growth model.