Barro's fertility equations: the robustness of the role of female education and income

Barro and Lee (1994) and Barro and Sala-i-Martin (1995) find that real per-capita GDP and both male and female education have important effects on fertility in their cross-country empirical studies. In order to assess the robustness of their results, their estimated models are subjected to specification and diagnostic testing, the effects on the model of using the improved Barro and Lee (1996) cross-country data on educational attainment of the population aged 15 and over are examined, and the different specifications used by Barro and Lee and by Barro and Sala-i-Martin compared. The results obtained suggest that their fertility equations do not perform well in terms of diagnostic testing, and are very sensitive to the use of different vintages of the educational attainment proxies and of the Summers-Heston cross-country income data. A robust explanation of fertility, to link with empirical growth equations, has, therefore, not yet been found; further work is required in this area

The merger history of massive spheroids since z~1 is size independent

Using a compilation of 379 massive (stellar mass M > 10^{11} M_Sun) spheroid-like galaxies from the near-infrared Palomar/DEEP-2 survey, we have probed, up to z~1, whether the presence of companions depends on the size of the host galaxies. We have explored the presence of companions with mass ratios down to 1:10 and 1:100, with respect to the central massive galaxy, and within a projected distance of 30, 50 and 100 kpc of these objects. We find evidence for these companions being equally distributed around both compact and extended massive spheroids. This finding suggests that, at least since z~1, the merger activity in these objects is rather homogeneous across the whole population and its merger history is not affected for the size of the host galaxy. Our result could indicate that both compact and extended massive spheroid-like galaxies are growing in size at the same rate.Comment: 9 pages, 6 figures, accepted for publication in MNRA

The impact of health on professionally active people's incomes in Poland. Microeconometric analysis

The outcome of the research confirms the occurrence of positive interaction between professionally active people's incomes and the self-assessed state of health. People declaring a bad state of health have incomes by 20% on average lower than people who enjoy good health (assuming that the remaining characteristics of the surveyed person are the same). In case of men, the impact of health state on incomes is slightly greater than in case of women.Wyniki badań potwierdzają istnienie pozytywnej zależności dochodów osób aktywnych zawodowo od stanu zdrowia mierzonego jego samooceną. Osoby deklarujące zły stan zdrowia osiągają dochody przeciętnie o 20% niższe niż osoby, które cieszą się dobrym stanem zdrowia (przy założeniu, że pozostałe charakterystyki badanej osoby są takie same). W przypadku mężczyzn zależność dochodów od stanu zdrowia jest nieznacznie silniejsza niż w przypadku kobiet

Investigating evidence for different black hole accretion modes since redshift z~1

Chandra data in the COSMOS, AEGIS-XD and 4Ms CDFS are combined with optical/near-IR photometry to determine the rest-frame U-V vs V-J colours of X-ray AGN hosts at mean redshifts 0.40 and 0.85. This combination of colours (UVJ) provides an efficient means of separating quiescent from star-forming, including dust reddened, galaxies. Morphological information emphasises differences between AGN split by their UVJ colours. AGN in quiescent galaxies are dominated by spheroids, while star-forming hosts are split between bulges and disks. The UVJ diagram of AGN hosts is then used to set limits on the accretion density associated with evolved and star-forming systems. Most of the black hole growth since z~1 is associated with star-forming hosts. Nevertheless, ~15-20% of the X-ray luminosity density since z~1, is taking place in the quiescent region of the UVJ diagram. For the z~0.40 subsample, there is tentative evidence (2sigma significance), that AGN split by their UVJ colours differ in Eddington ratio. AGN in star-forming hosts dominate at high Eddington ratios, while AGN in quiescent hosts become increasingly important as a fraction of the total population toward low Eddington ratios. At higher redshift, z~0.8, such differences are significant at the 2sigma level only at Eddington ratios >1e-3. These findings are consistent with scenarios in which diverse accretion modes are responsible for the build-up of SMBHs at the centres of galaxies. We compare our results with the GALFORM semi-analytic model, which postulates two black hole fuelling modes, the first linked to star-formation and the second occuring in passive galaxies. GALFORM predicts a larger fraction of black hole growth in quiescent galaxies at z<1, compared to the data. Relaxing the strong assumption of the model that passive AGN hosts have zero star-formation rate could reconcile this disagreement.Comment: MNRAS accepte

Military spending and economic growth in China: a regime-switching analysis

This article has been made available through the Brunel Open Access Publishing Fund.This article investigates the impact of military spending changes on economic growth in China over the period 1953 to 2010. Using two-state Markov-switching specifications, the results suggest that the relationship between military spending changes and economic growth is state dependent. Specifically, the results show that military spending changes affect the economic growth negatively during a slower growth-higher variance state, while positively within a faster growth-lower variance one. It is also demonstrated that military spending changes contain information about the growth transition probabilities. As a policy tool, the results indicate that increases in military spending can be detrimental to growth during slower growth-higher growth volatility periods. © 2014 © 2014 The Author(s). Published by Taylor & Francis

Different Models for Regional Integration: Lessons from Total Factor Productivity in Europe

As the countries of Europe have successfully managed to move the region's integration forward step by step, the European experience offers three possible models for regional integration with different depths: a free trade arrangement, a single market, and a common currency area. In this paper, we examine the effect of these three different models of regional integration on total factor productivity (TFP) to assess the long-run growth implication of each model. Our findings suggest that joining a regional grouping changes the way participating economies grow, no matter which model of regional integration is used: domestically powered growth becomes less important, and regionally powered growth becomes the new source of growth. As existing theory identifies knowledge creation and its spillovers as key drivers of economic growth, regionally powered growth is expected to become relatively more important with a higher level of intra-regional dependence on research and development (R&D) spillovers. Of the three models for regional integration, the free trade arrangement is found to be the most effective in promoting intra-regional dependence on R&D spillovers. We find that largely negative windfall effects on TFP are associated with the other two models

Spatially resolved kinematics in the central 1 kpc of a compact star-forming galaxy at z=2.3 from ALMA CO observations

We present high spatial resolution (FWHM$\sim$0.14'') observations of the CO($8-7$) line in GDS-14876, a compact star-forming galaxy at $z=2.3$ with total stellar mass of $\log(M_{\star}/M_{\odot})=10.9$. The spatially resolved velocity map of the inner $r\lesssim1$~kpc reveals a continous velocity gradient consistent with the kinematics of a rotating disk with $v_{\rm rot}(r=1\rm kpc)=163\pm5$ km s$^{-1}$ and $v_{\rm rot}/\sigma\sim2.5$. The gas-to-stellar ratios estimated from CO($8-7$) and the dust continuum emission span a broad range, $f^{\rm CO}_{\rm gas}=M_{\rm gas}/M_{\star}=13-45\%$ and $f^{\rm cont}_{\rm gas}=50-67\%$, but are nonetheless consistent given the uncertainties in the conversion factors. The dynamical modeling yields a dynamical mass of$\log(M_{\rm dyn}/M_{\odot})=10.58^{+0.5}_{-0.2}$ which is lower, but still consistent with the baryonic mass, $\log$(M$_{\rm bar}$= M$_{\star}$ + M$^{\rm CO}_{\rm gas}$/M$_{\odot}$)$=11.0$, if the smallest CO-based gas fraction is assumed. Despite a low, overall gas fraction, the small physical extent of the dense, star-forming gas probed by CO($8-7$), $\sim3\times$ smaller than the stellar size, implies a strong concentration that increases the gas fraction up to $f^{\rm CO, 1\rm kpc}_{\rm gas}\sim 85\%$ in the central 1 kpc. Such a gas-rich center, coupled with a high star-formation rate, SFR$\sim$ 500 M$_{\odot}$ yr$^{-1}$, suggests that GDS-14876 is quickly assembling a dense stellar component (bulge) in a strong nuclear starburst. Assuming its gas reservoir is depleted without replenishment, GDS-14876 will quickly ($t_{\rm depl}\sim27$ Myr) become a compact quiescent galaxy that could retain some fraction of the observed rotational support.Comment: Accepted for Publication in ApJL. Kinematic maps are shown in Figures 2 and