How Do Aggregate Fluctuations Depend on the Network Structure of the Economy?

[spa] En este artículo, analizamos la volatilidad agregada de una economía estilizada donde los agentes estann conectados en redes. Si hay relaciones estratégicas entre las acciones de los agentes, choques idiosincráticos pueden generar fluctuaciones agregadas. Demonstramos que la volatilidad agregada depende de la estructura de redes de la economía de dos maneras. Por un lado, si hay más conexiones en la economía en su conjunto, la volatilidad agregada es más baja. Por otro lado, si las conexiones están más concentradas, la volatilidad agregada es más alta. Presentamos una aplicación de nuestras predicciones teóricas que utiliza datos de EEUU de conexiones intrasectoriales y de diversificación de las empresas.

Back to Gondwanaland: can ancient vicariance explain (some) Indian Ocean disjunct plant distributions?

Oceans, or other wide expanses of inhospitable environment, interrupt present day distributions of many plant groups. Using molecular dating techniques, generally incorporating fossil evidence, we can estimate when such distributions originated. Numerous dating analyses have recently precipitated a paradigm shift in the general explanations for the phenomenon, away from older geological causes, such as continental drift, in favour of more recent, long-distance dispersal (LDD). For example, the 'Gondwanan vicariance' scenario has been dismissed in various studies of Indian Ocean disjunct distributions. We used the gentian tribe Exaceae to reassess this scenario using molecular dating with minimum (fossil), maximum (geological), secondary (from wider analyses) and hypothesis-driven age constraints. Our results indicate that ancient vicariance cannot be ruled out as an explanation for the early origins of Exaceae across Africa, Madagascar and the Indian subcontinent unless a strong assumption is made about the maximum age of Gentianales. However, both the Gondwanan scenario and the available evidence suggest that there were also several, more recent, intercontinental dispersals during the diversification of the group.

Gouvernance locale et trajectoires de developpement touristique : comparaison des cas de Finhaut, Montreux et Zermatt entre 1850 et 2012

La performance que constitue pour une station le fait de connaître le succès touristique, parfois sur plusieurs décennies, n'est de loin pas anodine, surtout si l'on observe que certains lieux traversent des phases de crise plus ou moins longues et plus ou moins marquées et que d'autres encore parviennent à se reconvertir avec succès en diversifiant leurs activités économiques. C'est du point de vue du système de gouvernance locale et de la gestion des ressources foncières, immobilières et infrastructurelles que nous nous sommes intéressés à cette problématique. Notre questionnement était double : d'une part, comprendre comment ces deux dimensions s'articulaient entre elles via la proposition d'un cadre conceptuel que nous avons nommé l'Arrangement Politique Local et, d'autre part, étudier comment elles influençaient les différentes phases comme le démarrage du tourisme, le succès, la crise ou la sortie du tourisme, que peut expérimenter un lieu touristique au cours de son évolution. Le travail empirique a porté sur les trajectoires de développement de trois lieux ou anciens lieux touristiques. Finhaut, après une période de succès qui a fait de la station la deuxième du Valais au début du XXe siècle, a vu après la première guerre mondiale son activité touristique décliner puis péricliter, le tourisme ayant à l'heure actuelle quasiment disparu. Montreux, de station touristique importante dès les années 1880, a ensuite évolué vers une ville grâce à un processus d'urbanisation ainsi qu'à une diversification des activités économiques. Enfin, Zermatt représente une économie touristique en constante croissance depuis plus de 100 ans. L'analyse de ces trois trajectoires touristiques entre 1850 et 2012 a permis de montrer que la création et la gestion des ressources foncières, immobilières et infrastructurelles à des fins touristiques étaient liées aux caractéristiques du système de gouvernance locale, en particulier à la possession ou non par les acteurs locaux des moyens d'action principaux que sont l'argent, l'organisation, le consensus, le soutien politique et les connaissances. Notre étude a également mis en évidence de fortes différences entre les Arrangements Politiques Locaux lors des phases de succès et ceux durant les moments de crise, ces différences portant sur l'importance de l'implication des autorités politiques locales dans le développement touristique, l'existence d'un leadership touristique, la capacité des acteurs locaux à être actifs à des positions politiques et touristiques aux échelons institutionnels supérieurs, l'importance de la collaboration publique/privés, la capacité d'adaptation et de réaction des acteurs locaux face aux événements, la réussite ou non des stratégies permettant la création et l'utilisation des ressources dans un but touristique ainsi que la capacité de mobilisation des moyens d'action nécessaires.

Ydinvoimalaitoksen varalla olevien turvallisuusjärjestelmien määräaikaistestausten riittävyys ja kattavuus

Ydinvoimalaitoksen varalla olevien turvallisuusjärjestelmien tehtävänä on ehkäistä häiriö- ja onnettomuustilanteiden syntyminen sekä lieventää mahdollisen onnettomuuden seurauksia. Jotta saadaan tietoa näiden tärkeiden järjestelmien käyttökunnosta, on suoritettava riittäviä ja kattavia määräaikaistestauksia. Tutkimuksen pääkohteena ovat Olkiluodon voimalaitoksen matala- ja korkeapaineisten hätäjäähdytysjärjestelmien määräaikaistestaukset ja niiden ohjeet. Määräaikaistestauksista arvioidaan niiden kykyä havainnoida vikoja, mahdollisia vikaantumisia testauksissa, testausten taajuutta sekä vastaavuutta järjestelmien suunnitteluperusteena olevaan jäähdytteenmenetysonnettomuuteen (LOCA). Lisäksi selvitetään, mitä hyötyä testausten hajautuksilla ja diversifioinnilla on saavutettu, ja miten niitä tulisi jatkossa soveltaa. Testauksiin liittyviä ohjeita ja menettelyjä arvioidaan tarkastelemalla, täyttävätkö ne viranomaisen asettamat vaatimukset. Tulokseksi syntyi arvio järjestelmien testausten nykytilasta, joka on yleisesti ottaen hyvä. Tähän ovat vaikuttaneet testauksissa esiintyneiden puutteiden korjaaminen ja määräaikaistestausten määräajoin tapahtuvan arvioinnin kehittäminen. Vertailut LO-CA:an tuottivat tyydyttävän tuloksen, koska testausten todettiin olevan riittävän laajat ja vastaavan vuodessa kertyvien rasitusten osalta noin vuorokauden aikaista onnettomuutta lähes kaikilla laitteilla. Suositeltavaa olisi suorittaa pitkäaikaisempaa testausta apusyöttövesijärjestelmän pumpulle. Optimitestausvälin mukaisesti testausvälit ovat tällä hetkellä riittävän tiheät, ja muutamia testauksia pitäisi jopa harventaa. Hajautuksilla on saavutettu huomattava riskin väheneminen, ja nykyisin hajautusta sovelletaan hätäjäähdytysjärjestelmissä laajasti. Joistakin mittalaitteiden testauksista hajautus vielä puuttuu, joten näihin se olisi suositeltavaa lisätä. Järjestelmien testausten diversifiointi on nykyisellään riittävää.

Evolutionary steps in the reproductive biology of Annonaceae

Flowers of Annonaceae are characterized by fleshy petals, many stamens with hard connective shields and numerous carpels with sessile stigmas often covered by sticky secretions. The petals of many representatives during anthesis form a closed pollination chamber. Protogynous dichogamy with strong scent emissions especially during the pistillate stage is a character of nearly all species. Scent emissions can be enhanced by thermogenesis. The prevailing reproductive system in the family seems to be self-compatibility. The basal genus Anaxagorea besides exhibiting several ancestral morphological characters has also many characters which reappear in other genera. Strong fruit-like scents consisting of fruit-esters and alcohols mainly attract small fruit-beetles (genus Colopterus, Nitidulidae) as pollinators, as well as several other beetles (Curculionidae, Chrysomelidae) and fruit-flies (Drosophilidae), which themselves gnaw on the thick petals or their larvae are petal or ovule predators. The flowers and the thick petals are thus a floral brood substrate for the visitors and the thick petals of Anaxagorea have to be interpreted as an antipredator structure. Another function of the closed thick petals is the production of heat by accumulated starch, which enhances scent emission and provides a warm shelter for the attracted beetles. Insight into floral characters and floral ecology of Anaxagorea, the sister group of the rest of the Annonaceae, is particularly important for understanding functional evolution and diversification of the family as a whole. As beetle pollination (cantharophily) is plesiomorphic in Anaxagorea and in Annonaceae, characters associated with beetle pollination appear imprinted in members of the whole family. Pollination by beetles (cantharophily) is the predominant mode of the majority of species worldwide. Examples are given of diurnal representatives (e.g., Guatteria, Duguetia, Annona) which function on the basis of fruit-imitating flowers attracting mainly fruit-inhabiting nitidulid beetles, as well as nocturnal species (e.g., large-flowered Annona and Duguetia species), which additionally to most of the diurnal species exhibit strong flower warming and provide very thick petal tissues for the voracious dynastid scarab beetles (Dynastinae, Scarabaeidae). Further examples will show that a few Annonaceae have adapted in their pollination also to thrips, flies, cockroaches and even bees. Although this non-beetle pollinated species have adapted in flower structure and scent compounds to their respective insects, they still retain some of the specialized cantharophilous characters of their ancestors.

Language Ability and Motivation among Foreigners in Survey Responding

With increasing migration and linguistic diversification in many countries, survey researchers and methodologists should consider whether data provided by individuals with variable levels of command of the survey language are of the same quality. This paper examines the question of whether answers from resident foreign respondents who do not master available survey languages may suffer from problems of comprehension of survey items, especially items that are more complicated in terms of content and/or form. In addition, it addresses the extent to which motivation may affect the response quality of resident foreigners. We analyzed data from two large-scale surveys conducted in Switzerland, a country with three national languages and a burgeoning foreign population, employing a set of dependent measures of response quality, including don't know responses, extreme responding, mid-5 responding, recency effects, and straight-lining. Results show overall poorer response quality among foreigners, and indicate that both reduced language mastery and motivation among foreigners are relevant factors. This is especially true for foreign groups from countries that do not share a common language with those spoken in Switzerland. A general conclusion is that the more distant respondents are culturally and linguistically from the majority mainstream within a country, the more their data may be negatively affected. We found that more complex types of questions do generally lead to poorer response quality, but to a much lesser extent than respondent characteristics, such as nationality, command of the survey language, level of education, and age.

Phylogeny and biogeography of Primula sect. Armerina: implications for plant evolution under climate change and the uplift of the Qinghai-Tibet Plateau.

BACKGROUND: The historical orogenesis and associated climatic changes of mountain areas have been suggested to partly account for the occurrence of high levels of biodiversity and endemism. However, their effects on dispersal, differentiation and evolution of many groups of plants are still unknown. In this study, we examined the detailed diversification history of Primula sect. Armerina, and used biogeographic analysis and macro-evolutionary modeling to investigate a series of different questions concerning the evolution of the geographical and ecological distribution of the species in this section. RESULTS: We sequenced five chloroplast and one nuclear genes for species of Primula sect. Armerina. Neither chloroplast nor nuclear trees support the monophyly of the section. The major incongruences between the two trees occur among closely related species and may be explained by hybridization. Our dating analyses based on the chloroplast dataset suggest that this section began to diverge from its relatives around 3.55 million years ago, largely coinciding with the last major uplift of the Qinghai-Tibet Plateau (QTP). Biogeographic analysis supports the origin of the section in the Himalayan Mountains and dispersal from the Himalayas to Northeastern QTP, Western QTP and Hengduan Mountains. Furthermore, evolutionary models of ecological niches show that the two P. fasciculata clades have significantly different climatic niche optima and rates of niche evolution, indicating niche evolution under climatic changes and further providing evidence for explaining their biogeographic patterns. CONCLUSION: Our results support the hypothesis that geologic and climatic events play important roles in driving biological diversification of organisms in the QTP area. The Pliocene uplift of the QTP and following climatic changes most likely promoted both the inter- and intraspecific divergence of Primula sect. Armerina. This study also illustrates how niche evolution under climatic changes influences biogeographic patterns.

Climate niche conservatism does not explain restricted distribution patterns in Tynanthus (Bignonieae, Bignoniaceae)

Studies on niche evolution allow us to establish how species niches have changed over time as well as to identify how long-term evolutionary processes have led to present-day species distributions. Here, we investigate the patterns of climatic niche evolution in Tynanthus (Bignonieae, Bignoniaceae), a genus comprising narrowly distributed species. We test the hypothesis that niche conservatism has played an important role in the diversification history of this group of Neotropical lianas. For that, we perform univariate and multivariate comparisons between species' climatic niches and associated environmental data with information on species' phylogenetic relationships. We encountered considerable divergence in niches among species, indicating that niche conservatism in climatic variables has does not seem to havenot played a key role in the diversification of the genus. Our results are used as a basis to discuss patterns of ecological niche evolution in the group and to suggest novel approaches for future analyses.

Yrityskaupat osana konsernistrategiaa, case Metso Oyj

Tämän tutkimuksen päätavoite oli lisätä ymmärrystä yrityksen strategiaprosessista, erityisesti tutkimalla yrityskauppojen osuutta siinä. Käytettävä tutkimusmetodologia oli toiminta-analyyttinen. Teoriaosuudessa syvennyttiin strategian ja strategiaprosessin käsitteistöön sekä yrityskauppaprosessiin ja yrityskauppojen syihin. Empiriaosuudessa tutkittiin Metson strategiaa sekä teorian että julkisen aineiston avulla. Apuna oli myös yrityksestä saatua materiaalia sekä investointipankkien analyyseja, joista osa oli sensitiivisiä. Teorian ja eri sidosryhmien mielipiteiden avulla arvioin valitun strategian järkevyyttä. Vielä ei ole varmuutta siitä, tuleeko paljon huomiota saanut Svedalakauppa toteutumaan. Olen kuitenkin käsitellyt kauppaa ja sen hyviä sekä huonoja puolia. On vaikeata sanoa etukäteen onko jokin strategia hyvä vai huono, mutta olen tuonut esiin joitakin ongelmakohtia, joita on tullut esiin työtä tehdessä ja toivon niiden herättävän keskustelua caseyrityksessä.

Portfolion allokointi Euroopan markkinoilla: toimiala- vai maakohtainen strategia?

Tutkimuksen tarkoituksena on selvittää, kumpi on suomalaisen sijoittajan näkökulmasta tehokkaampi tapa allokoida portfolio Euroopan alueelle, maa- vai toimialalähestymistapa. Tätä tutkitaan käyttämällä aineistoa vuosilta 1999-2003. Tilanne ennen vuotta 1999 on aikaisempien tutkimusten perusteella melko hyvin selvillä, joten tutkimus antaa tuoretta tietoa siitä, miten poikkeuksellinen tuottohistoria vaikuttaa portfolion allokointiin. Aihetta tutkitaan käyttämällä 16 Euroopan alueen maaindeksiä ja kymmentä toimialaindeksiä. Indeksit ovat logaritmisia nettotuottoindeksejä, ja niistä on laskettu korrelaatiot, keskihajonnat sekä tehokkaat rintamat. Indekseistä on myös muodostettu 11 esimerkkiportfoliota, joiden avulla on analysoitu erilaisten portfolioiden suorituskykyä. Tuloksien mukaan maakohtaisella sijoitusstrategialla on etenkin laskevilla markkinoilla mahdollisuus saavuttaa parempi riski/tuotto-suhde, vaikka sijoitettaisiin pelkästään toimialoihin, joita yleisen käsityksen mukaan kannattaa suosia laskevilla markkinoilla. Toimialasijoittaminen taas tarjoaa hieman parempia mahdollisuuksia portfolion hajautukseen. Hajautuksen hyödyt suomalaiselle sijoittajalle tulivat tutkimuksessa selvästi esiin. Toimialasijoittamisesta on suomalaiselle sijoittajalle erityistä hyötyä hajautuksen kannalta, koska näin voidaan valita toimialoja, joiden paino Suomen markkinaindeksissä on vähäinen.

Diverse set of Turing nanopatterns coat corneae across insect lineages.

Nipple-like nanostructures covering the corneal surfaces of moths, butterflies, and Drosophila have been studied by electron and atomic force microscopy, and their antireflective properties have been described. In contrast, corneal nanostructures of the majority of other insect orders have either been unexamined or examined by methods that did not allow precise morphological characterization. Here we provide a comprehensive analysis of corneal surfaces in 23 insect orders, revealing a rich diversity of insect corneal nanocoatings. These nanocoatings are categorized into four major morphological patterns and various transitions between them, many, to our knowledge, never described before. Remarkably, this unexpectedly diverse range of the corneal nanostructures replicates the complete set of Turing patterns, thus likely being a result of processes similar to those modeled by Alan Turing in his famous reaction-diffusion system. These findings reveal a beautiful diversity of insect corneal nanostructures and shed light on their molecular origin and evolutionary diversification. They may also be the first-ever biological example of Turing nanopatterns.

Stock and Bond Market Integration: Evidence from Russian Financial Markets

Minimizing the risks of an investment portfolio but not in the favour of expected returns is one of the key interests of an investor. Typically, portfolio diversification is achieved using two main strategies: investing in different classes of assets thought to have little or negative correlations or investing in similar classes of assets in multiple markets through international diversification. This study investigates integration of the Russian financial markets in the time period of January 1, 2003 to December 28, 2007 using daily data. The aim is to test the intra-country and cross-country integration of the Russian stock and bond markets between seven countries. Our test methodology for the short-run dynamics testing is the vector autoregressive model (VAR) and for the long-run cointegration testing we use the Johansen cointegration test which is an extension to VAR. The empirical results of this study show that the Russian stock and bond markets are not integrated in the long-run either at intra-country or cross-country level which means that the markets are relatively segmented. The short-run dynamics are also relatively low. This implies a presence of potential gains from diversification.

Tracking the ghost of coevolution in specific plant-insect interactions : the case of the pollination system between the globeflower Trollius europaeus and seven european Chiastocheta flies

This study aims at understanding the evolutionary processes at work in specialized species interactions. Prom the macroevolutionary perspective, coevolution among specialized taxa was proposed to be one of the major processes generating biodiversity. We challenge this idea from the theoretical and practical perspective and through a literature review and show that the major hypotheses linking coevolutionary process with macroevolutionary patterns do not necessarily predict lineage co diversification and parallel speciation, limit¬ing the utility of the comparative phylogenenetic approach for investigating coevolution¬ary processes. We also point to the rarity of observed long-term coevolutionary dynamics among lineages and propose that coevolution rather occurs in shorter timescales, followed by ecological fitting. Prom the empirical point, we focus on the nursery pollination interaction between the European globeflower Trollius europaeus (Ranunculaceae) and its associated Chiastocheta flies (Anthomyiidae; Diptera) as a model system of evolution and maintenance of special¬ized interactions. The flies are obligate parasites of the seeds, but also pollinate the plant - it was thus proposed that both species are mutually dependent. Contrasting with the paradigm used for two decades of research on this system, we show that the female fitness component of the plant is similar in the populations with and without Chiastocheta. The plant is thus not exclusively dependent on the flies for reproduction. We discuss this result in the context of the factors responsible for the evolution of mutualistic systems. Understanding the evolution of a biological system requires understanding of its phylo- genetic context. Previous studies showed large mismatch between mtDNA phylogeny and morphological taxonomy in Chiastocheta. By using a large set of RAD-sequencing loci, we delineate the species limits that are congruent with morphology, and show that the discordance is best explained by the scenario of mitochondrial capture among fly species. Finally, we examine this system from a phylogeographic perspective, and identify the lack of congruence in spatial genetic structures of the plant and associated insects across their whole geographic range. The flies show lower numbers of spatial genetic groups than the plant, indicating that not all of the plant réfugia were shared by all the fly species or that the migration dynamics homogenized some of the groups. The incongruence in spatial genetic patterns indicates that fly migrations were largely independent from the genetic background of the plant, following rather a scenario of resource tracking, without the signature of coevolutionary process at this scale. Indeed, while the flies require the plant to survive climatic oscillations, the opposite is not true. Eventually, we show that there is no phylogenetic signal of spatial genetic structures, meaning that neither histories nor life- history traits are shared among closely related species and that species are characterized by unique trajectories of their genes. -- Cette étude vise à comprendre les processus évolutifs à l'oeuvre au sein d'interactions en¬tre espèces spécialisées. Du point de vue macroévolutif, la coévolution entre les taxons spécialisée a été considérée comme l'un des principaux processus générateur de biodiversité. Nous contestons cette idée du point de vue théorique et pratique à travers une revue de la littérature. Nous montrons que les hypothèses majeures reliant les processus coévolutifs avec les patterns de diversité au niveau macroévolutif ne prédisent pas nécessairement la co- diversification des lignées et leur spéciation parallèle, ce qui limite l'utilité de l'approche de phylogénie comparative pour étudier les processus coévolutifs . Nous rappelons également le peu d'exemples de dynamique coévolutive à long terme et proposons que la coévolution se produit plutôt dans des intervalles courts, suivis d'ajustements écologiques. Du point empirique, nous nous concentrons sur l'interaction de pollinisation entre le Trolle d'Europe Trollius europaeus (Ranunculaceae) et ses pollinisateurs associés, du genre Chiastocheta (Anthomyiidae; Diptera) en tant que système-modèle pour étudier l'évolution et le maintien des interactions spécialisées. Les mouches sont des parasites obligatoires des semences, mais pollinisent également la plante. Il a donc été proposé que les deux espèces soient mutuellement dépendantes. Contrastant avec le paradigme utilisé pendant deux décennies de recherche sur ce système, nous montrons, que la composante de fitness femelle de la plante est similaire dans les populations avec et sans Chiastocheta. La plante ne dépend donc pas exclusivement de son interaction avec les mouches pour la reproduction. Nous discutons de ce résultat dans le contexte des facteurs responsables de l'évolution des systèmes mutualistes. Comprendre l'évolution d'un système biologique nécessite la compréhension de son con- texte phylogénétique. Des études antérieures ont montré, chez Chiastocheta, de grandes disparités entre les phylogénies obtenues à partir d'ADN mitochondrial et la taxonomie basée sur les critères morphologiques. En utilisant un grand nombre de loci obtenus par RAD-sequencing, nous traçons les limites des espèces, qui concordent avec les car¬actéristiques morphologies, et montrons que la discordance s'explique en fait par un scénario de capture mitochondriale entre espèces de mouches. Enfin, nous examinons le système d'un point de vue phylogéographique, et identi¬fions les incohérences entre structurations génétiques spatiales de la plante et des insectes associés dans toute leur aire de distribution géographique. Les mouches présentent un nombre de groupes génétiques inférieur à la plante, indiquant que tous les refuges de la plante n'étaient pas partagés par toutes les espèces de mouches ou que les dynamiques migratoires ont homogénéisés certains des groupes chez les mouches. Les différences ob¬servées dans les patrons de structuration génétique spatiale indique que les migrations et dispersions des mouches ont été indépendantes du contexte génétique de la plante, et ces dernières ont été uniquement tributaires de la disponibilité des ressources, sans qu'il n'y ait de signature du processus de coévolution à cette échelle. En effet, tandis que les mouches ont besoin de la plante pour survivre aux oscillations climatiques, le contraire n'est pas exact. Finalement, nous montrons qu'il n'y a pas de signal phylogénétique des structurations génétiques spatiales chez les mouches, ce qui signifie que ni l'histoire, ni les traits d'histoire de vie ne sont partagés entre les espèces phylogénétiquement proches et que les espèces sont caractérisées par des trajectoires uniques de leurs gènes.

Multigene Family Evolution: Perspectives from Insect Chemoreceptors.

Understanding the birth and diversification of multigene families is a fundamental evolutionary problem. I argue for the insect chemoreceptor superfamily as an outstanding model. Although these receptors are currently the preserve of neuroscientists, putative homologous genes exist in diverse animal and plant genomes, implying an ancient origin. Moreover, functional studies suggest that they act as ligand-gated ion channels in both chemosensory and non-chemosensory processes. This family permits synergism of investigations into its structural and regulatory evolution with ecological studies of the selective pressures driving these changes. In addition, sequence divergence in these receptors can be exploited through co-evolutionary and comparative genomics analyses to help to elucidate their 3D structure and signaling mechanisms, and to reveal experimentally-accessible candidate loci to explore the genetic basis of adaptation.

Continental faunal exchange and the asymmetrical radiation of carnivores.

Lineages arriving on islands may undergo explosive evolutionary radiations owing to the wealth of ecological opportunities. Although studies on insular taxa have improved our understanding of macroevolutionary phenomena, we know little about the macroevolutionary dynamics of continental exchanges. Here we study the evolution of eight Carnivora families that have migrated across the Northern Hemisphere to investigate if continental invasions also result in explosive diversification dynamics. We used a Bayesian approach to estimate speciation and extinction rates from a substantial dataset of fossil occurrences while accounting for the incompleteness of the fossil record. Our analyses revealed a strongly asymmetrical pattern in which North American lineages invading Eurasia underwent explosive radiations, whereas lineages invading North America maintained uniform diversification dynamics. These invasions into Eurasia were characterized by high rates of speciation and extinction. The radiation of the arriving lineages in Eurasia coincide with the decline of established lineages or phases of climate change, suggesting differences in the ecological settings between the continents may be responsible for the disparity in diversification dynamics. These results reveal long-term outcomes of biological invasions and show that the importance of explosive radiations in shaping diversity extends beyond insular systems and have significant impact at continental scales.