Specialisation in Europe and asymmetric shocks: potential risks of EMU

Most optimistic views, based on Optimum Currency Areas (OCA) literature, have concluded that the probability of asymmetric shocks to occur at anational level will tend to diminish in the Economic and Monetary Union (EMU)as a result of the intensification of the integration process during the most recent years. Therefore, since Economic Geography Theories predict a higherspecialisation of regions, it is expected that asymmetric shocks will increase.Previous studies have examined to what extent asymmetric shocks have been relevant in the past using, mainly, static measures of asymmetries such as the correlation coefficients between series of shocks previously calculated from astructural VAR model (Bayoumi and Eichengreen, 1992).In this paper, we study the evolution of manufacturing specific asymmetries in Europe from a dynamic point of view (applying the modelproposed by Haldane and Hall, 1991) in order to obtain new evidence about potential risks of EMU.

Tax reforms and inequality: theoretical and empirical implications

In this paper we examine the effect of tax policy on the relationship between inequality and growth in a two-sector non-scale model. With non-scale models, the longrun equilibrium growth rate is determined by technological parameters and it is independent of macroeconomic policy instruments. However, this fact does not imply that fiscal policy is unimportant for long-run economic performance. It indeed has important effects on the different levels of key economic variables such as per capita stock of capital and output. Hence, although the economy grows at the same rate across steady states, the bases for economic growth may be different.The model has three essential features. First, we explicitly model skill accumulation, second, we introduce government finance into the production function, and we introduce an income tax to mirror the fiscal events of the 1980¿s and 1990¿s in the US. The fact that the non-scale model is associated with higher order dynamics enables it to replicate the distinctly non-linear nature of inequality in the US with relative ease. The results derived in this paper attract attention to the fact that the non-scale growth model does not only fit the US data well for the long-run (Jones, 1995b) but also that it possesses unique abilities in explaining short term fluctuations of the economy. It is shown that during transition the response of the relative simulated wage to changes in the tax code is rather non-monotonic, quite in accordance to the US inequality pattern in the 1980¿s and early 1990¿s.More specifically, we have analyzed in detail the dynamics following the simulation of an isolated tax decrease and an isolated tax increase. So, after a tax decrease the skill premium follows a lower trajectory than the one it would follow without a tax decrease. Hence we are able to reduce inequality for several periods after the fiscal shock. On the contrary, following a tax increase, the evolution of the skill premium remains above the trajectory carried on by the skill premium under a situation with no tax increase. Consequently, a tax increase would imply a higher level of inequality in the economy

European integration, FDI and the internal geography of trade : evidence from Western European border regions

In this paper we use a gravity model to study the trade performance of French and Spanishborder regions relatively to non-border regions, over the past two decades. We find that,controlling for their size, proximity and location characteristics, border regions trade onaverage between 62% and 193% more with their neighbouring country than other regions,and twice as much if they are endowed with good cross border transport infrastructures.Despite European integration, however, this trade outperformance has fallen for the mostperipheral regions within the EU. We show that this trend was linked in part to a shift in the propensity of foreign investors to move their affiliates from the regions near their home market to the regions bordering the EU core.

Willigness to pay for long-term care coverage: the role of private information and self-insurance

Both public and private insurance for long-term care is undeveloped in some European countries such as in Spain and empirical evidence is still limited. This paper aims at exmining the determinants of the demand for Long Term Care (LTC) coverage in Spain using contingent valuation techniques. Our findings indicate that only one-fifth of the population is willing to pay to assure coverage decisions are significantly affected by private information asymmetry and housing tenure in giving rise to self-insurance reduces the probability of insurance being hypothetically purchased.

Comparative vascular and renal tabular effects of angiotensin II receptor blockers combined with a thiazide diurectic in humans

Rapport de synthese :Comparaison des effets vasculaires et tubulaires rénaux de plusieurs antagonistes des récepteurs de |'angiotensine II en combinaison avec un diurétique thiazidique chez l'humainObjectif : Le but de ce travail était d'investiguer si les antagonistes des récepteurs AT1 de l'angiotensine II (ARA2) entraînent un blocage équivalent des récepteurs au niveau vasculaire et au niveau rénal, en particulier lorsque le système rénine- angiotensine est stimulé par l'administration d'un diurétique thiazidique. Méthode : trente volontaires masculins en bonne santé ont participé à cette étude randomisée, contrôlée, en simple insu. Nous avons mesuré les variations de pression artérielle, d'hémodynamique rénale ainsi que la réponse tubulaire rénale à une perfusion d'angiotensine II 3ng/kg/min administrée sur 1 heure. Ceci avant traitement puis après sept jours d'administration, 24 heures après la dernière dose de médicament. Nous avons comparé l'irbésartan 300 mg seul ou en association avec 12.5 ou 25 mg d'hydrochlorothiazide. (irbésartan 300/12.5 ; irbésartan 300/25). Nous avons également comparé les effets de l'irbésartan 300/25 au losartan 100 mg, au valsartan 160 mg ainsi qu'à l'olmésartan 20 mg, tous administrés avec 25 mg d'hydrochlorothiazide. Chaque participant a été randomisé pour recevoir 2 traitements de 7 jours espacés d'une période d'une semaine sans traitement. Résultats: La réponse de la pression artérielle à |'angiotensine II exogène était bloquée >90% avec l'irbésartan 300 mg seul ou en association avec le diurétique. Il en était de même avec l'olmésartan 20/25. Par contre le blocage n'était que de 60% environ dans les groupes valsartan 160/25 et losartan 100/25. Au niveau rénal, |'angiotensine II exogène réduisait le flux plasmatique rénal de 36% en pré- traitement. Dans les groupes recevant l'irbésartan 300 mg et l'olmésartan 20 mg associés à l'hydrochlorothiazide 25 mg, la vasoconstriction rénale était bloquée presque entièrement alors qu'el|e ne |'était que partiellement avec le valsartan 160/25 et le losartan 100/25 (34 et 45%, respectivement). En pré-traitement, au niveau tubulaire, l'angiotensine II exogène réduisait le volume urinaire de 84% et l'excrétion urinaire de sodium de 65 %. Les effets tubulaires n'étaient que partiellement bloqués par l'administration d'ARA2. Conclusion: Ces résultats démontrent que les ARA; aux doses maximales recommandées ne bloquent pas aussi efficacement les récepteurs ATI au niveau tubulaire qu'au niveau vasculaire. Cette observation pourrait constituer une justification à l'hypothèse selon laquelle des doses plus importantes d'ARA2 seraient nécessaires afin d'obtenir une meilleure protection d'organe. De plus, nos résultats confirment qu'i| y a d'importantes différences entre les ARA2, relatives à leur capacité d'induire un blocage prolongé sur 24 heures des récepteurs AT1 au niveau vasculaire et tubulaire.

Decomposition and nutrient release of leguminous plants in coffee agroforestry systems

Leguminous plants used as green manure are an important nutrient source for coffee plantations, especially for soils with low nutrient levels. Field experiments were conducted in the Zona da Mata of Minas Gerais State, Brazil to evaluate the decomposition and nutrient release rates of four leguminous species used as green manures (Arachis pintoi, Calopogonium mucunoides, Stizolobium aterrimum and Stylosanthes guianensis) in a coffee agroforestry system under two different climate conditions. The initial N contents in plant residues varied from 25.7 to 37.0 g kg-1 and P from 2.4 to 3.0 g kg-1. The lignin/N, lignin/polyphenol and (lignin+polyphenol)/N ratios were low in all residues studied. Mass loss rates were highest in the first 15 days, when 25 % of the residues were decomposed. From 15 to 30 days, the decomposition rate decreased on both farms. On the farm in Pedra Dourada (PD), the decomposition constant k increased in the order C. mucunoides < S. aterrimum < S. guianensis < A. pintoi. On the farm in Araponga (ARA), there was no difference in the decomposition rate among leguminous plants. The N release rates varied from 0.0036 to 0.0096 d-1. Around 32 % of the total N content in the plant material was released in the first 15 days. In ARA, the N concentration in the S. aterrimum residues was always significantly higher than in the other residues. At the end of 360 days, the N released was 78 % in ARA and 89 % in PD of the initial content. Phosphorus was the most rapidly released nutrient (k values from 0.0165 to 0.0394 d-1). Residue decomposition and nutrient release did not correlate with initial residue chemistry and biochemistry, but differences in climatic conditions between the two study sites modified the decomposition rate constants.

Grècia i amor platònic a Maurice d'E. M. Forster, o la grandesa i els límits de l'Antiguitat com a inspiració.

L'objectiu d¿aquest article és mostrar com, malgrat la idealització evident de Grècia i l'amor platònic en diferents autors de l'Anglaterra Victoriano-Eduardina, ambdós tenen els seus límits. Per explicar-ho, doncs, l'autor presenta una anàlisi minuciosa del text anglès i, alhora, fa constants referències al textos grecs implícits, com ara el Simposi i el Fedre de Plató i tal vegada fins i tot l'Eròtic de Plutarc en cerca d'una tradició clàssica que és cabdal per entendre l'Anglaterra de principis del segle XX.

Tot sortint de la caverna per cercar la vida (Lectura classicitzant de La caverna de Rodolf Sirera)

L'objectiu d'aquest article és mostrar com un dramaturg contemporani pensa de bell nou en la imatge platònica de la caverna per parlar del necessari viatge existencial i de formació de l'home, lluny de la protecció que les cavernes de qualsevol tipus, com ara la llar, el jardí­ familiar o la mateixa famí­lia, poden representar. Tot i que des d'una perspectiva en absolut idealista o metafí­sica, Plató esdevé una vegada més gràcies a R. Sirera i a l'aplicabilitat de les mateixes imatges platòniques una referència clàssica tan útil com ineludible, si es té en compte l'origen platònic de totes les cavernes literàries.

Cassandra's Dream de Woody Allen. La contemporaneïtat de la tragèdia grega

Cassandra's Dream, de Woody Allen (2007), no tingué les crítiques excel·lents de pel·lícules anteriors com ara Crimes and Misdemeanors i Match Point, on s'abordaven temes semblants. Tanmateix, segons l'opinió de l'autor d'aquest article, analitzada des de la perspectiva del llegat de la tragèdia grega en la cultura occidental, els mèrits d¿aquest film no són pas menyspreables. Les nombroses referències a la tragèdia grega, ja siguin títols o personatges, demostren la voluntat del director americà d'il·lustrar la contemporaneïtat del gènere esmentat, com també de presentar els homes i les dones d¿avui com a víctimes d'una gairebé omnipotent i sorneguera ironia tràgica. L'autor es proposa també de mostrar-hi les relacions evidents d'aquest guió amb el de Match Point i, sobretot, amb el que considera guió matriu de totes tres: Crimes and Misdemeanors.

Tradició misògina grega en el De amore d'Andreu el Capellà

L'objectiu d'aquest article és mostrar com els trets fonamentals de la misogínia grega, que és a la base de la secular misoginia occidental -i que no és només un llegat judeucristià- perviu en un text medieval del segle XIII com ara el De amore d'Andreas Capellanus. L'autor assenyala igualment les vies de transmissió més versemblants des de la Grècia Antiga fins al món medieval.

Hedwig and The Angry Inch: el Plató més alternatiu

L'objectiu d'aquest article és mostrar com un mite antic, el mite dels tres gèneres, també anomenat de l'androgin de l'Aristòfanes del Simposi de Plató, esdevé per a John Cameron Mitchell la imatge adient per a explicar l'especial personalitat d'un home, Hedwig, que esdevé mitjançant una operació un androgin imperfecte, però que simbolitza la possibilitat d'una humanitat unida o l'acostament de móns diferents, de la mateixa manera que ell va pertànyer a les dues Berlín dividides per un mur que ara ja ha caigut, quedant restablerta així la unitat perduda.

Miguel de Unamuno i Heràclit: de ‘La elegía eterna’ a ‘La flor tronchada’

[cat] L’objectiu d’aquest breu article és provar i analitzar la influència de la saviesa d’Heràclit en alguns poemes de Miguel de Unamuno com ara ‘La elegía eterna’ i ‘La flor tronchada’. En certes ocasions –‘La elegía eterna’- Heràclit és per a ell una mena de crossa amb l’ajut de la qual reïx a mostrar poèticament les seves angoixes i, en d’altres –‘La flor tronchada’- necessita realment Heràclit per a il•lustrar la seva visió de Déu i de la vida humana com una lluita o guerra permanent.

CHARACTERIZATION OF HEADWATERS PEATS OF THE RIO ARAÇUAÍ, MINAS GERAIS STATE, BRAZIL

Peatlands are soil environments that accumulate water and organic carbon and function as records of paleo-environmental changes. The variability in the composition of organic matter is reflected in their morphological, physical, and chemical properties. The aim of this study was to characterize these properties in peatlands from the headwaters of the Rio Araçuaí (Araçuaí River) in different stages of preservation. Two cores from peatlands with different vegetation types (moist grassland and semideciduous seasonal forest) from the Rio Preto [Preto River] headwaters (conservation area) and the Córrego Cachoeira dos Borges [Cachoeira dos Borges stream] (disturbed area) were sampled. Both are tributaries of the Rio Araçuaí. Samples were taken from layers of 15 cm, and morphological, physical, and chemical analyses were performed. The 14C age and δ13C values were determined in three samples from each core and the vertical growth and organic carbon accumulation rates were estimated. Dendrograms were constructed for each peatland by hierarchical clustering of similar layers with data from 34 parameters. The headwater peatlands of the Rio Araçuaí have a predominance of organic material in an advanced stage of decomposition and their soils are classified as Typic Haplosaprists. The organic matter in the Histosols of the peatlands of the headwaters of the Rio Araçuaí shows marked differences with respect to its morphological, physical, and chemical composition, as it is influenced by the type of vegetation that colonizes it. The peat from the headwaters of the Córrego Cachoeira dos Borges is in a more advanced stage of degradation than the peat from the Rio Preto, which highlights the urgent need for protection of these ecosystems/soil environments.

Atributos Físicos de um Cambissolo Cultivado e Tratado com Biofertilizante na Chapada do Apodi, Ceará

O conhecimento sobre as alterações físicas e qualidade do solo é importante para o direcionamento adequado das estratégias de manejo a serem utilizadas quando da exploração do solo por cultivos agrícolas. Este trabalho teve como objetivo avaliar os efeitos do cultivo e da aplicação de um biofertilizante, obtido a partir de esterco bovino, sobre a qualidade física de um Cambissolo cultivado com Ficus carica L., irrigado por sistema de gotejamento. Para fins de avaliação da qualidade física, foram contempladas cinco situações de solo: sob cultivo de figo sem aplicação do biofertilizante (testemunha); com aplicação de 20, 40 e 60 % do biofertilizante na lâmina de irrigação; e mata nativa secundária (testemunha adicional), até a profundidade de 0,3 m, nas camadas de 0,0-0,1, 0,1-0,2; e 0,2-0,3 m, com quatro repetições. Nessas camadas, foram coletadas amostras de solo com estrutura deformada e indeformada para realizar análises físicas, como granulometria, argila dispersa em água, carbono orgânico, densidade das partículas e do solo, resistência do solo à penetração e curva característica de água no solo. O cultivo do solo nas condições descritas nesta pesquisa, como preparo do solo por aração e gradagem, uso de irrigação e todos os tratos culturais necessários à condução da cultura de figo, não piora a qualidade física do solo em nenhuma das camadas avaliadas. A aplicação de biofertilizante melhora a qualidade física do solo, particularmente no tocante à retenção de água em decorrência do aumento da microporosidade.