Financial intermediation in a model of growth through creative destruction

This paper presents an endogenous growth model in which the research activity is financed by intermediaries that are able to reduce the incidence of researcher's moral hazard. It is shown that financial activity is growth promoting because it increases research productivity. It is also found that a subsidy to the financial sector may have larger growth effects than a direct subsidy to research. Moreover, due to the presence of moral hazard, increasing the subsidy rate to R\&D may reduce the growth rate. I show that there exists a negative relation between the financing of innovation and the process of capital accumulation. Concerning welfare, the presence of two externalities of opposite sign steaming from financial activity may cause that the no-tax equilibrium provides an inefficient level of financial services. Thus, policies oriented to balance the effects of the two externalities will be welfare improving.

Financial integration, productivity and capital accumulation

Understanding the mechanism through which financial globalization affects economic performance is crucial for evaluating the costs and benefits of opening financial markets. This paper is a first attempt at disentangling the effects of financial integration on the two main determinants of economic performance: productivity (TFP) and investments. I provide empirical evidence from a sample of 93 countries observed between 1975 and 1999. The results suggest that financial integration has a positive direct effect on productivity, while it spurs capital accumulation only with some delay and indirectly, since capital follows the rise in productivity. I control for indirect effects of financial globalization through banking crises. Such episodes depress both investments and TFP, though they are triggered by financial integration only to a minor extent.

Cost Factors in Digital Projects: A Model Useful in Other Applications

Description of a costing model developed by digital production librarian to determine the cost to put an item into the Claremont Colleges Digital Library at the Claremont University Consortium. This case study includes variables such as material types and funding sources, data collection methods, and formulas and calculations for analysis. This model is useful for grant applications, cost allocations, and budgeting for digital project coordinators and digital library projects.

Financial incentives in academia: research versus development

This paper investigates the effects of monetary rewards on the pattern of research. We build a simple repeated model of a researcher capable to obtain innovative ideas. We analyse how the legal environment affects the allocation of researcher's time between research and development. Although technology transfer objectives reduce the time spent in research, they might also induce researchers to conduct research that is more basic in nature, contrary to what the skewing problem would presage. We also show that our results hold even if development delays publication.

Biblioteca Digital de Cataluña : Continente y contenido. 5ª Jornada sobre la Biblioteca Digital Universitaria, Los Polvorines (Argentina), 8 y 9 de noviembre de 2007

Desde 1999 el Consorcio de Bibliotecas Universitarias de Cataluña (CBUC) ha creado una nueva línea de trabajo, junto con el Centro de Supercomputación de Cataluña (CESCA), para promocionar la investigación que se lleva a cabo en Cataluña y al mismo tiempo contribuir al movimiento mundial de depositar la producción académica y de investigación en la red de forma gratuita. Este movimiento mundial, que recibe el nombre de Open Access, ha sido puesto en marcha por las instituciones que financian la investigación con la finalidad de crear alternativas al paradigma de pagar por tener acceso a la información que se ha elaborado en la propia institución. Esta nueva línea de trabajo son los repositorios institucionales. En la tercera edición de estas mismas Jornadas presentamos una comunicación sobre los repositorios institucionales que por entonces teníamos implementados. Ahora después de dos años presentamos su estado actual y reflexionamos sobre la estrategia para lograr la inclusión de documentos (políticas institucionales, comités científicos, etc.), su contenido (estándares usados, derechos de autor, preservación, etc.), su continente (programas y tecnología utilizada, protocolos, etc.) y comentamos los resultados obtenidos en los seis años de experiencia desde que se puso en marcha el primero.

Efectes de la compressió d'imatges en la generació de cartografia temàtica : avaluació en alguns casos de classificació digital

Els formats de compressió amb pèrdua permeten elevades raons de compressió amb una qualitat de la imatge notable per a raons de compressió moderades. Aquesta memòria de recerca pretén valorar la influència de la compressió amb pèrdua sobre la classificació digital sobre dos tipus d’usos del sòl (forestal i agrícola) i en dues àrees de diferents nivells de fragmentació per a cada us del sòl. L’àrea classificada augmenta a nivells de compressió elevats, especialment usant el format JPEG. L’encert de la classificació disminueix a nivells de compressió elevades. En general el format JPEG2000 dóna millors resultats que JPEG.

Patrimoni Digital de Catalunya, experiencias del primer año

Patrimoni Digital de Catalunya (PADICAT) es un proyecto de la Biblioteca Nacional de Catalunya iniciado en 2005. Éste consiste en capturar, procesar y dar acceso permanente a toda la producción cultural, científica y de carácter general catalana producida en formato digital. En definitiva, el objetivo de PADICAT es archivar el web catalán. Después de un año, se dispone de 2.400 capturas de más de 810 webs en 24 millones de ficheros (páginas HTML, imágenes…) que ocupan casi un terabyte de disco.

Comunicación y deporte en la era digital

Conferencia presentada por el autor en el IX Congreso de la Asociación Española de Investigación Social Aplicada al Deporte (AEISAD), que tuvo lugar en Las Palmas de Gran Canaria del 16 al 18 de noviembre de 2006, analizando cómo los cambios en las nuevas tecnologías influencian la mutua relación entre medios y deporte.

Interfície tridimensional EGP TV digital

En este proyecto se presenta una aplicación capaz de recibir la televisión digital y representar la información que contiene en un entorno de producción de gráficos tridimensionales. Esto conlleva recoger y procesar el flujo de transporte para más de un servicio, procesar las diferentes tablas de información, implementar mecanismos para representar la información audiovisual en un entorno tridimensional y construir una interfaz de usuario con los datos recogidos.

Men perform comparably to women in a perspective taking task after administration of intranasal oxytocin but not after placebo

Oxytocin (OT) is thought to play an important role in human interpersonal information processing and behavior. By inference, OT should facilitate empathic responding, i.e. the ability to feel for others and to take their perspective. In two independent double-blind, placebo-controlled between-subjects studies, we assessed the effect of intranasally administered OT on affective empathy and perspective taking, whilst also examining potential sex differences (e.g., women being more empathic than men). In study 1, we provided 96 participants (48 men) with an empathy scenario and recorded self reports of empathic reactions to the scenario, while in study 2, a sample of 120 individuals (60 men) performed a computerized implicit perspective taking task. Whilst results from Study 1 showed no influence of OT on affective empathy, we found in Study 2 that OT exerted an effect on perspective taking ability in men. More specifically, men responded faster than women in the placebo group but they responded as slowly as women in the OT group. We conjecture that men in the OT group adopted a social perspective taking strategy, such as did women in both groups, but not men in the placebo group. On the basis of results across both studies, we suggest that self-report measures (such as used in Study 1) might be less sensitive to OT effects than more implicit measures of empathy such as that used in Study 2. If these assumptions are confirmed, one could infer that OT effects on empathic responses are more pronounced in men than women, and that any such effect is best studied using more implicit measures of empathy rather than explicit self-report measures.

Los repositorios electrónicos cooperativos de la Biblioteca Digital de Cataluña

Entre 1998 y 1999, el Consorcio de Bibliotecas Universitarias de Cataluña (CBUC) creó una nueva línea de trabajo: la Biblioteca Digital de Cataluña. Ésta nació con la finalidad de contratar información electrónica interdisciplinar para la comunidad universitaria e investigadora de las bibliotecas miembro del Consorcio. Casi al mismo tiempo, esta línea de trabajo se amplió con la vertiente de la información propia generada por esta comunidad y se empezó a trabajar con la definición e implementación de repositorios electrónicos cooperativos. Estos últimos serán el objeto de este estudio. Se analiza su evolución, su estado actual, la estrategia para conseguir la inclusión de documentos (políticas institucionales, comités científicos, etc.), su contenedor (programas, tecnología usada, protocolos, etc.) y su contenido (estándares utilizados, derechos de autor, preservación, etc.). Por último se reflexiona sobre las ventajas, extraídas de la propia experiencia, de estos repositorios electrónicos cooperativos.

Els dipòsits electrònics cooperatius de la Biblioteca Digital de Catalunya

Entre 1998 i 1999, el Consorci de Biblioteques Universitàries de Catalunya (CBUC) va crear una nova línia de treball: la Biblioteca Digital de Catalunya. Aquesta va néixer amb la finalitat de contractar informació electrònica interdisciplinar per a la comunitat universitària i investigadora dels membres del Consorci. Gairebé al mateix temps, aquesta línia de treball es va ampliar amb la vessant de la informació pròpia generada per aquesta comunitat i es va començar a treballar amb la definició i implementació dels dipòsits electrònics cooperatius. Aquests últims seran l'objecte d'estudi. S'analitza la seva evolució, el seu estat actual, l'estratègia per aconseguir la inclusió de documents (polítiques institucionals, comitès científics, etc.), el seu continent (programes, tecnologia usada, protocols, etc.) i el seu contingut (estàndards utilitzats, drets d'autor, preservació, etc.). Per últim es reflexiona sobre les avantatges, extretes de la pròpia experiència, d'aquests dipòsits electrònics cooperatius.

Long-term citalopram administration reduces responsiveness of HPA axis in patients with major depression: relationship with S-citalopram concentrations in plasma and cerebrospinal fluid (CSF) and clinical response.

RATIONALE: A dysregulation of the hypothalamic-pituitary-adrenal (HPA) axis is a well-documented neurobiological finding in major depression. Moreover, clinically effective therapy with antidepressant drugs may normalize the HPA axis activity. OBJECTIVE: The aim of this study was to test whether citalopram (R/S-CIT) affects the function of the HPA axis in patients with major depression (DSM IV). METHODS: Twenty depressed patients (11 women and 9 men) were challenged with a combined dexamethasone (DEX) suppression and corticotropin-releasing hormone (CRH) stimulation test (DEX/CRH test) following a placebo week and after 2, 4, and 16 weeks of 40 mg/day R/S-CIT treatment. RESULTS: The results show a time-dependent reduction of adrenocorticotrophic hormone (ACTH) and cortisol response during the DEX/CRH test both in treatment responders and nonresponders within 16 weeks. There was a significant relationship between post-DEX baseline cortisol levels (measured before administration of CRH) and severity of depression at pretreatment baseline. Multiple linear regression analyses were performed to identify the impact of psychopathology and hormonal stress responsiveness and R/S-CIT concentrations in plasma and cerebrospinal fluid (CSF). The magnitude of decrease in cortisol responsivity from pretreatment baseline to week 4 on drug [delta-area under the curve (AUC) cortisol] was a significant predictor (p<0.0001) of the degree of symptom improvement following 16 weeks on drug (i.e., decrease in HAM-D21 total score). The model demonstrated that the interaction of CSF S-CIT concentrations and clinical improvement was the most powerful predictor of AUC cortisol responsiveness. CONCLUSION: The present study shows that decreased AUC cortisol was highly associated with S-CIT concentrations in plasma and CSF. Therefore, our data suggest that the CSF or plasma S-CIT concentrations rather than the R/S-CIT dose should be considered as an indicator of the selective serotonergic reuptake inhibitors (SSRIs) effect on HPA axis responsiveness as measured by AUC cortisol response.

Patrimoni Digital de Catalunya, a year and a half experience

E-repositories are part of the e-science, and they are based on the e-infrastructure. The Centre de Supercomputació de Catalunya (CESCA) together with the Consorci de Biblioteques Universitàries de Catalunya (CBUC) started in 1999 a cooperative repository, named TDR, to file, in digital format, the full-text of the read thesis at the universities of our country in order to spread them worldwide in open access, while at the same time, preserving the intellectual copyright of the authors. Since then, four additional cooperative repositories have been created: RECERCAT for research papers; RACO for scientific, cultural and erudite Catalan magazines; MDC for Catalan digital collections of pictures, maps, posters and old magazines; and PADICAT for archiving Catalan digital web content; The main objective of the latter is to archive Catalan web sites. That is, PADICAT collects, processes and provides permanent access to the entire cultural, scientific and general output of Catalonia in digital format. The repository manager is the Biblioteca de Catalunya, as the institution responsible for compiling, processing and distributing the bibliographic heritage of Catalonia, while CESCA is the technology partner. On September 11th, 2006 the repository went into operation for the general public, with some thirty websites archived. After one year and a half, it has 2.720 captures of more than 1.000 websites. This includes 34 million files (HTML, images...) and two terabytes of data. The objective of this paper is to present PADICAT and our experience developing and managing it.We describe the repository briefly, we explain the technology used to implement it and we comment our experiences during its first year and a half.