Factor income taxation and growth with increasing integration of world capital markets

In a closed economy, the infinite-horizon and the overlapping generations (OG) model prescribe diametrically opposite policies on factor taxation: the former argues that the growth-maximizing capital income tax rate should be set to zero, whereas the latter argues that it should be set as high as possible. This note investigates the issue by taking into account global capital market integration. We show that the long-run growth-maximizing capital income tax rate in a small open OG economy is decreasing as the economy's capital market is increasingly integrated with the rest of the world, and will be equal to zero as prescribed in the infinite-horizon model once the degree of integration becomes sufficiently high.Capital mobility, Endogenous growth, Factor income taxation, Overlapping generations, Small open economy

Identification of stromal cells in spleen which support myelopoiesis

Stromal cells in spleen organize tissue into red pulp, white pulp and marginal zone, and also interact with hematopoietic cells to regulate immune responses. This study has used phenotypic information of a previously described spleen stromal cell line called 5G3, which supports restricted hematopoiesis in vitro, to identify an equivalent stromal cell subset in vivo and to test its capacity to support hematopoiesis. Using stromal cell fractionation, phenotypic analysis, as well as cell growth and hematopoietic support assays, the Sca-1+gp38+Thy1.2+CD29+CD51+ fraction of spleen stroma has been identified as an equivalent stromal subset resembling the 5G3 cell counterpart. While heterogeneity may still exist within that subset, it has been shown to have superior hematopoietic support capacity compared with the 5G3 cell line, and all other spleen stromal cell fractions tested.This work was supported by project grants to HO from the Australian Research Council (#DP130101703) and the National Health and Medical Research Council of Australia (#585443). HL was supported by an Australian National University Postgraduate Scholarship

Micro Balloon Actuators for Aerodynamic Control

A robust, large-force, large-deflection micro balloon actuator for aerodynamic (manoeuvring) control of transonic aircraft has been developed. Using a novel process, high yield linear arrays of silicone balloons on a robust silicon substrate have been fabricated that can deflect vertically in excess of one mm. Balloon actuators have been tested under cyclic conditions to assess reliability. The actuators have been characterized in a wind tunnel to assess their suitability as aerodynamic control surfaces and flight-tested on a jet fighter to assess their resistance to varied temperatures and pressures at high velocity

Neutron Stars with Bose-Einstein Condensation of Antikaons as MIT Bags

We investigate the properties of an antikaon in medium, regarding itas a MIT bag. We first construct the MIT bag model for a kaon with$\sigma^*$ and $\phi$ in order to describe the interaction of$s$-quarks in hyperonic matter in the framework of the modifiedquark-meson coupling model. The coupling constant $g'^{B_K}_\sigma$in the density-dependent bag constant $B(\sigma)$ is treated as afree parameter to reproduce the optical potential of a kaon in asymmetric matter and all other couplings are determined by usingSU(6) symmetry and the quark counting rule. With various values ofthe kaon potential, we calculate the effective mass of a kaon inmedium to compare it with that of a point-like kaon. We thencalculate the population of octet baryons, leptons and $K^-$ and theequation of state for neutron star matter. The results show thatkaon condensation in hyperonic matter is sensitive to the $s$-quarkinteraction and also to the way of treating the kaon. The mass andthe radius of a neutron star are obtained by solving theTolmann-Oppenheimer-Volkoff equation.Comment: 14 figure

Combined Effect of QCD Resummation and QED Radiative Correction to W boson Observables at the Tevatron

A precise determination of the W boson mass at the Fermilab Tevatron requires a theoretical calculation in which the effects of the initial-state multiple soft-gluon emission and the final-state photonic correction are simultaneously included . Here, we present such a calculation and discuss its prediction on the transverse mass distribution of the W boson and the transverse momentum distribution of its decay charged lepton, which are the most relevant observables for measuring the W boson mass at hadron colliders.Comment: 10 pages, 3 Postscript figures, uses revtex4.st