Inversión en maquinaria y crecimiento económico en el largo plazo. Chile 1890-2005

L'estudi té dos objectius fonamentals: d'una banda, generar una sèrie anual d'inversió en maquinària en el llarg termini per a Xile, des de l'any 1890 fins al 2005; i de l'altra, aconseguir una aproximació a la estructura de la inversió en maquinària i com aquesta afecta el creixement econòmic a llarg termini.

Free Flows, Limited Diversification: Explaining the Fall and Rise of Stock Market Correlations, 1890-2001

Using a new dataset on capital account openness, we investigate why equity return correlations changed over the last century. Based on a new, long-run dataset on capital account regulations in a group of 16 countries over the period 1890-2001, we show that correlations increase as financial markets are liberalized. These findings are robust to controlling for both the Forbes-Rigobon bias and global averages in equity return correlations. We test the robustness of our conclusions, and show that greater synchronization of fundamentals is not the main cause of increasing correlations. These results imply that the home bias puzzle may be smaller than traditionally claimed.

(Re-) Shaping hatred: Anti-Semitic attitudes in Germany, 1890-2006

In this paper, we assess the determinants of long-run persistence of localculture, and examine the success of policy interventions designed to change attitudes.We analyze anti-Semitic attitudes drawing on individual-level survey results fromGermany s social value survey in 1996 and 2006. On average, we find that historicalvoting patterns for anti-Semitic parties between 1890 and 1933 are powerfulpredictors of anti-Jewish attitudes today. There is evidence that transmission takesplace both vertically (parent to child) and horizontally (among peers). Policy modifiedGerman views on Jews in important ways: The cohort that grew up under the Naziregime shows significantly higher levels of anti-Semitism. After 1945, the victoriousAllies implemented denazification programs in their zones of occupation. We usedifferences in these policies between the occupying powers as a source of identifyingvariation. The US and French zones today still show high anti-Semitism, reflecting anambitious botched attempt at denazification. In contrast, the British and Soviet zones,register much lower levels of Jew-hatred.

Tabela de vida de fertilidade de Lysiphlebus testaceipes (Cresson, 1880) (Hymenoptera, Aphidiidae) em Schizaphis graminum (Rondani, 1852) (Hemipera, Aphididae)

Life table analyses have been developed to understanding the impact of various sources of intrinsic and extrinsic mortalities on the rate of population growth. The understanding of the population increase of the parasitoids related to their hosts is important in biological control programs. This work had as objective to evaluate the survival and fertility of the parasitoid Lysiphlebus testaceipes (Cresson, 1880) on Schizaphis graminum (Rondani, 1852) as a host under fertility life table. The experiment were carried out in a climatic chamber at 25 ± 1ºC, RH 60 ± 10% and 10h photophase. To determine the immature mortality, the development time and the sex ratio of the parasitoid, 12 females of the parasitoid (less than one day old) and 240 nymphs of S. graminum (3 days old) were used. To evaluate the longevity and fertility of L. testaceipes, 15 females (less than one day old) were used. Nymphs of S. graminum (3 days old) were offered for each parasitoid female daily, until the female died, being in the 1st day - 300 nymphs; 2nd day - 250 nymphs; 3rd day - 200 nymphs; 4th day - 150 and in the other days a number of 50 nymphs. L. testaceipes had an immature mortality of 22,2%, and a development time of males and females of 9.0 and 9.1 days, respectively. The females of L. testaceipes laid, in it first life day, 257.8 eggs, and they survived up until seven days. The net reproduction rate (Ro) and the intrinsic rate of increase (r m) were respectively, 301.9 and 0.513. The finite rate of increase (l) was 1.67 females per day, the mean length of a generation (T) was 11.13 days and the time to duplicate the population (TD) was 1.35 weeks. The parasitoid L. testaceipes have a high potential of population growth on S. graminum as a host under the analyzed conditions.

Value and prices in Russian economic thought (1890-1920)

The subject "Value and prices in Russian economic thought (1890--1920)" should evoke several names and debates in the reader's mind. For a long time, Western scholars have been aware that the Russian economists Tugan-Baranovsky and Bortkiewicz were active participants to the Marxian transformation problem, that the mathematical models of Dmitriev prefigured forthcoming neoricardian based models, and that many Russian economists were either supporting the Marxian labour theory of value or being revisionists. Moreover, these ideas were preparing the ground for Soviet planning. Russian scholars additionally knew that this period was the time of introduction of marginalism in Russia, and that, during this period, economists were active in thinking the relation of ethics with economic theory. All these issues are well covered in the existing literature. But there is a big gap that this dissertation intends to fill. The existing literature handles these pieces separately, although they are part of a single, more general, history. All these issues (the labour theory of value, marginalism, the Marxian transformation problem, planning, ethics, mathematical economics) were part of what this dissertation calls here "The Russian synthesis". The Russian synthesis (in the singular) designates here all the attempts at synthesis between classical political economy and marginalism, between labour theory of value and marginal utility, and between value and prices that occurred in Russian economic thought between 1890 and 1920, and that embraces the whole set of issues evoked above. This dissertation has the ambition of being the first comprehensive history of that Russian synthesis. In this, this contribution is unique. It has always surprised the author of the present dissertation that such a book has not yet been written. Several good reasons, both in terms of scarce availability of sources and of ideological restrictions, may accounted for a reasonable delay of several decades. But it is now urgent to remedy the situation before the protagonists of the Russian synthesis are definitely classified under the wrong labels in the pantheon of economic thought. To accomplish this task, it has seldom be sufficient to gather together the various existing studies on aspects of this story. It as been necessary to return to the primary sources in the Russian language. The most important part of the primary literature has never been translated, and in the last years only some of them have been republished in Russian. Therefore, most translations from the Russian have been made by the author of the present dissertation. The secondary literature has been surveyed in the languages that are familiar (Russian, English and French) or almost familiar (German) to the present author, and which are hopefully the most pertinent to the present investigation. Besides, and in order to increase the acquaintance with the text, which was the objective of all this, some archival sources were used. The analysis consists of careful chronological studies of the authors' writings and their evolution in their historical and intellectual context. As a consequence, the dissertation brings new authors to the foreground - Shaposhnikov and Yurovsky - who were traditionally confined to the substitutes' bench, because they only superficially touched the domains quoted above. In the Russian synthesis however, they played an important part of the story. As a side effect, some authors that used to play in the foreground - Dmitriev and Bortkiewicz - are relegated to the background, but are not forgotten. Besides, the dissertation refreshes the views on authors already known, such as Ziber and, especially, Tugan-Baranovsky. The ultimate objective of this dissertation is to change the opinion that one could have on "value and prices in Russian economic thought", by setting the Russian synthesis at the centre of the debates.