Search results for "Econometric"

HEREDITARIANISM, EUGENICS, AND AMERICAN SOCIAL SCIENCE IN THE INTERWAR YEARS: MEET THE CARVERIANS

2022

Like other Progressive Era reformers, Thomas Nixon Carver promoted a form of biology-infused social science that included both eugenics and a strong version of hereditarianism. Carver was also a charismatic teacher who trained several generations of economists and sociologists at Harvard. In this paper we will focus on the contribution of three of them: James A. Field, Norman E. Himes, and Carl S. Joslyn. These authors differ in terms of style, method, and emphasis—with Field and Himes more interested in population and birth control issues, and Joslyn in the dynamics of social stratification. As it will be shown below, however, all of them reveal an explicit commitment to hereditarianism an…

Understanding Spanish financial crises severity, 1850–2015

2018

Is large-scale rapid CoV-2 testing a substitute for lockdowns?

2021

Background Various forms of contact restrictions have been adopted in response to the Covid-19 pandemic. Around February 2021, rapid testing appeared as a new policy instrument. Some claim it may serve as a substitute for contact restrictions. We study the strength of this argument by evaluating the effects of a unique policy experiment: In March and April 2021, the city of Tübingen set up a testing scheme while relaxing contact restrictions. Methods We compare case rates in Tübingen county to an appropriately identified control unit. We employ the synthetic control method. We base interpretations of our findings on an extended SEIR model. Findings The experiment led to an increase in the …

Multiple approaches to identify bacteria in archaeological waterlogged wood

2013

This study was carried out in collaboration with Soprintendenza del Mare (SM) that started, since 2004, to plan and realize underwater archaeological parks, such as in the Sicilian islands of Pantelleria (Gadir), Levanzo (Cala Minnola), Ustica (Falconiera), Panarea (Basiluzzo) and Filicudi (Capo Graziano). In situ conservation, as well as virtual exhibitions of the same topics, can contribute to ensure the protection and best fruition of underwater cultural heritage. The focus of this study was the identification of bacterial colonies in waterlogged wood samples from the rostrum of a excellent workmanship, that is very likely one of the wrecks attributed to Sextus Pompey fleet (36 BC) and d…

Minimal Dynamic Equilibria

2018

We define dynamic models as multiperiod models with no static representations and demonstrate that current prevalent asset pricing empirical implementations are inconsistent with dynamic equilibria. Specifically, empirical implementations are misspecified with respect to three essential asset pricing questions (TEQ): dependency on higher moments, complexity of risk premia, and mean-variance efficiency of the “market portfolio” (ability to proxy pricing kernels/SDFs). While we already know that “Merton” models, and their derivatives, differ from static models in all TEQ, we show that this is the case even the “minimal” dynamic equilibria.

The Value of Auditor Industry Specialization: Evidence from a Structural Model

2021

ABSTRACT This study investigates the value of auditor industry specialization. In the first step, we use a discrete choice model to derive the first-order demand for auditor industry specialization. Our results reveal that clients have a general preference for auditor industry specialization, relating to both audit firm and audit office specialization. We observe that specializations at the audit firm and audit office level are substitutes. We also find that larger, more complex clients have a stronger demand for industry specialization at the audit office level. In the second step, we use the results from the discrete choice model to quantify the value of auditor industry specialists for c…

Approaching Europe: The merchant networks between Finland and Europe during the eighteenth and nineteenth centuries

1997

Finland offers a good opportunity to study how international trade contacts were established and how they developed. Having been denied trading rights, several Finnish ports were granted direct access to foreign trade in 1765. The hypothesis is that the old business relations with Stockholm traders, the role played by the shipmaster and the government-based consulate networks were crucial in the development of the merchant network abroad during the eighteenth century. Business networks developed from interpersonal contacts towards interorganisational relationships during the nineteenth century. The business networks were in many cases, especially in the home town and with neighbouring towns…

War and economics: Spanish civil war finances revisited

2010

This paper reviews how the Spanish civil war was financed. We present new evidence to show that the two combatant parties, the Republican government and the Franco administration followed similar financial strategies. In both cases money creation, rather than new taxes or the issue of debt, was the main mechanism used to cover the expenses of the war. We argue, contrary to the established knowledge, that both sides consumed a similar amount of domestic and foreign resources. We also argue that the Spanish Republic did not lose the war because of a lack of means. International factors, such as the Non-Intervention agreement promoted by France and Great Britain, and the military setbacks of t…

Mario Cerutti, <em>Problemas, conceptos, actores y autores. La historia económica y empresarial en el Norte de México (y en otras latitudes)&lt…

2019

No contiene resumen

Desertions in nineteenth-century shipping: modelling quit behaviour

2013

Ship jumping in foreign ports was widespread throughout the age of sail. Desertion by seamen was illegal, it occurred abroad, and men who deserted only seldom returned home. We analyse desertion quantitatively and link it to the broader question of quit behaviour and labour turnover. Though the better wages paid at the foreign ports were the main reason for desertion, the regression model of the determinants of desertion indicates that outside opportunities, such as migration, and monetary incentives played a significant role in the nineteenth-century labour market, characterized by rather strict control over labour supply, working conditions, and terms of trade. Copyright , Oxford Universi…