Product and Destination Mix in Export Markets

Expansion into foreign markets is a major decision for a firm and it involves choices about which countries to approach and which products to export. We use a new database that covers the universe of export transactions for firms located in Portugal for the period 1996-2005 in order to examine the joint decision of where and what to export. We find that multi-product and multi-destination firms are crucial in explaining the dynamics of export over time. The exporters' portfolio is very diversified in terms of sectors and product tenure and it is frequently modified over time. We show that, while continuing firms exporting continuing products to continuing destinations are fundamental in explaining the year-to-year growth rate of aggregate exports, the contribution of gross entry and exit of both destinations and products is, in absolute value, as important as the contribution of gross entry and exit of firms. Moreover, growth dynamics of new exporters proceeds along lines that are different from those characterizing the representative incumbent firm. The destination extensive margin is almost as important as the destination intensive margin and almost one-third of the latter is due to product switching (the product extensive margin). Firms access new destinations mostly by exporting new products, i.e. products that were not previously sold anywhere else by the firm. Products already exported by the firm to other destinations are an important but not the primary way to enter new destinations.

Soil Microbial Biomass And Activity In A Cork Oak Savanna

Cork oak savannas are composed by a sparse tree canopy (30-70 trees/ha) and a grassland understory predominantly composed of C3 annuals that survive the hot and dry Mediterranean summers as seeds in the soil. Microbial communities can be more or less efficient at converting organic substrates into microbial biomass carbon depending on the quantity and quality of organic matter inputs. The cork oak savannas have two distinct types of plant litter that can affect soil microbial biomass and activity differently: herbaceous litter and the more recalcitrant woody plant litter resulting from the trees. Spatial variability of soil microbial biomass and activity due to the tree-grassland component of cork oak savannas were evaluated in order to better understand the soil carbon dynamics of these systems.

To quantify changes in soil microbial biomass and activity, measurements were performed in a Cork oak savanna in Southern Portugal. At this site 8 plots were randomly established under mature cork oak trees and paired with 8 open grassland plots. During one year soil cores (0-10 cm) were monthly collected at each site for measuring soil microbial biomass C and other eco-physiology parameters.


Results/Conclusion

Soil microbial biomass carbon (Cmic) and nitrogen (Nmic) were always higher under the tree canopy than in the open grasslands. Organic carbon (Corg) was also higher under the tree canopies. The Cmic/Corg ratio relates to the microbial activity and its potential to mineralize organic substances. The Cmic/Corg ratio was lower under the tree canopies than in the open grasslands. Less microbial biomass was supported per unit of Corg. Basal activity was always higher under the canopy than in the open grassland.

Trees scattered in the savanna function as islands inducing larger soil microbial communities and higher basal activity under the canopies. Lower Cmic/Corg ratio under the tree canopies suggests a more recalcitrant nature of the litter and a decrease in relative availability of organic matter under the trees.
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Impact of Geo-distribution and Mining Pools on Blockchains: A Study of Ethereum

Given the large adoption and economical impact of permissionless blockchains, the complexity of the underlying systems and the adversarial environment in which they operate, it is fundamental to properly study and understand the emergent behavior and properties of these systems. We describe our experience on a detailed, one-month study of the Ethereum network from several geographically dispersed observation points. We leverage multiple geographic vantage points to assess the key pillars of Ethereum, namely geographical dispersion, network efficiency, blockchain efficiency and security, and the impact of mining pools. Among other new findings, we identify previously undocumented forms of selfish behavior and show that the prevalence of powerful mining pools exacerbates the geographical impact on block propagation delays. Furthermore, we provide a set of open measurement and processing tools, as well as the data set of the collected measurements, in order to promote further research on understanding permissionless blockchains.Comment: To appear in 50th IEEE/IFIP International Conference on Dependable Systems and Networks (DSN), 202