Industrial growth and the quality of institutions : what do (transition) economies have to gain from the Rule of Law?

The authors empirically test the link between industrial growth and indicators of institutional quality. They find significant evidence that institutional quality affects inindustrial growth in 27 Asian and Latin American countries. Their results suggest that the development of the legal and regulatory framework works its way to industrial growth through both investment and total factor productivity. The implications for policymakers in transition economies: Institution building should complement privatization, public and private investment in education, research and development, and measures to promote foreign direct investment. Specifically, policymakers should try to reduce corruption, eliminate bureacratic barriers, and improve the legal environment and contract enforcement. Special attention should also be given to measures to deepen financial intermediation, improve the financial sector infrastructure, and increase the efficiency of financial transactions.Governance Indicators,Environmental Economics&Policies,Achieving Shared Growth,Economic Theory&Research,Trade and Regional Integration

Small Business Economics of the Lakota Fund on the Native American Indian Reservation

Poverty rates on Native American Indian reservations are triple the US average. Small business incubation programs, available elsewhere in the US, are sparse on the reservations. Small businesses are potent drivers of US economic growth. Some 25.5 million entrepreneurs generate more than 50% of the GDP, are 26% of the exporters, and create 80% of the total net new job formation. The Small Business Administration (SBA), an independent agency of the federal government created in 1953, maintains and strengthens the nation's economy by aiding, counseling, assisting, and protecting the interests of small businesses and by assisting families and businesses to recover from national disasters. SBA services hardly exist on the Native American Indian Reservations (NAIRs), however. Studies have linked micro entrepreneurial activities to economic growth and poverty reduction. Our study tests the effects of the Lakota Fund (LF), a small business development initiative, on the NAIRs to determine whether SBA-like programs (loans, training, and consulting) can improve economic conditions on the NAIRs. The LF, a private micro loan and business training initiative on the Pine Ridge Reservation in South Dakota, is tested for its effectiveness in generating income. The 1980-2006 annual county-level data (Shannon Co. is 'treatment', Todd Co. is 'control') are a natural experiment; the counties are similar otherwise. Using the real per capita income (RPCI) dependent variable, and controlling for other factors, our regression results indicate that the LF initiative and its duration (intensity) raised RPCI significantly − suggesting the success of a privately funded small business incubation initiative targeted at isolated impoverished groups within the highly developed US economy. Suggestions for future research and program replication ideas are explored.poverty rates, Small Business Administration, Lakota Fund, life expectancy, public sector

Kathryns Wheel: A spectacular galaxy collision discovered in the Galactic neighbourhood

We report the discovery of the closest collisional ring galaxy to the Milky Way. Such rare systems occur due to "bulls-eye" encounters between two reasonably matched galaxies. The recessional velocity of about 840 km/s is low enough that it was detected in the AAO/UKST Survey for Galactic H$\alpha$ emission. The distance is only 10.0 Mpc and the main galaxy shows a full ring of star forming knots, 6.1 kpc in diameter surrounding a quiescent disk. The smaller assumed "bullet" galaxy also shows vigorous star formation. The spectacular nature of the object had been overlooked because of its location in the Galactic plane and proximity to a bright star and even though it is the 60$^{\rm th}$ brightest galaxy in the HI Parkes All Sky Survey (HIPASS) HI survey. The overall system has a physical size of $\sim$15 kpc, a total mass of $M_\ast = 6.6\times 10^9$ M$_\odot$ (stars + HI), a metallicity of [O/H]$\sim-0.4$, and a star formation rate of 0.2-0.5 M$_\odot$\,yr$^{-1}$, making it a Magellanic-type system. Collisional ring galaxies therefore extend to much lower galaxy masses than commonly assumed. We derive a space density for such systems of $7 \times 10^{-5}\,\rm Mpc^{-3}$, an order of magnitude higher than previously estimated. This suggests Kathryn's Wheel is the nearest such system. We present discovery images, CTIO 4-m telescope narrow-band follow-up images and spectroscopy for selected emission components. Given its proximity and modest extinction along the line of sight, this spectacular system provides an ideal target for future high spatial resolution studies of such systems and for direct detection of its stellar populations.Comment: 18 pages, 12 figures, accepted for publication in MNRA

The nature and role of experiential knowledge for environmental conservation

Understanding the nature and role of experiential knowledge for environmental conservation is a necessary step towards understanding if it should be used and how it might be applied with other types of knowledge in an evidence-based approach. This paper describes the nature of experiential and expert knowledge. It then discusses the role of experiential knowledge as a complement to scientific knowledge and explains the interplay between experiential knowledge with conservation research and practice using a simple conceptual model of how individuals learn. There are five main conclusions: (1) because experiential knowledge will always play a role in decision-making, enhancing ability to learn from experiences (including research) will have a significant influence on the effectiveness of conservation outcomes; (2) while experiential knowledge is qualitatively very different from quantitative information, both are important and complementary; (3) some experiential knowledge can be expressed quantitatively, but experiential knowledge can be difficult to isolate as single facts or propositions and qualitative methods will therefore often be required to elicit experiential knowledge; (4) because each person's expertise is unique, when using experiential knowledge the extent of a person's experience and its relevance to a particular problem need to be specified; and (5) as with any form of knowledge, there are limitations to that derived from personal experience. Synthesis and communication of research is therefore essential to help prevent erroneous thinking and, where possible, experiential knowledge should be used in conjunction with other types of information to guide conservation actions.Publisher PDFPeer reviewe

BANYAN. IV. Fundamental parameters of low-mass star candidates in nearby young stellar kinematic groups - Isochronal Age determination using Magnetic evolutionary models

Based on high resolution optical spectra obtained with ESPaDOnS at CFHT, we determine fundamental parameters (\Teff, R, \Lbol, \logg\ and metallicity) for 59 candidate members of nearby young kinematic groups. The candidates were identified through the BANYAN Bayesian inference method of \citet{2013malo}, which takes into account the position, proper motion, magnitude, color, radial velocity and parallax (when available) to establish a membership probability. The derived parameters are compared to Dartmouth Magnetic evolutionary models and to field stars with the goal to constrain the age of our candidates. We find that, in general, low-mass stars in our sample are more luminous and have inflated radii compared to older stars, a trend expected for pre-main sequence stars. The Dartmouth Magnetic evolutionary models show a good fit to observations of field K and M stars assuming a magnetic field strength of a few kG, as typically observed for cool stars. Using the low-mass members of $\beta$Pictoris moving group, we have re-examined the age inconsistency problem between Lithium Depletion age and isochronal age (Hertzspring-Russell diagram). We find that the inclusion of the magnetic field in evolutionary models increase the isochronal age estimates for the K5V-M5V stars. Using these models and field strengths, we derive an average isochronal age between 15 and 28 Myr and we confirm a clear Lithium Depletion Boundary from which an age of 26$\pm$3~Myr is derived, consistent with previous age estimates based on this method.Comment: Accepted for publication in Ap

The comparative genomics of Bifidobacterium callitrichos reflects dietary carbohydrate utilization within the common marmoset gut

Bifidobacterium is a diverse genus of anaerobic, saccharolytic bacteria that colonize many animals, notably humans and other mammals. The presence of these bacteria in the gastrointestinal tract represents a potential coevolution between the gut microbiome and its mammalian host mediated by diet. To study the relationship between bifidobacterial gut symbionts and host nutrition, we analyzed the genome of two bifidobacteria strains isolated from the feces of a common marmoset (Callithrix jacchus), a primate species studied for its ability to subsist on host-indigestible carbohydrates. Whole genome sequencing identified these isolates as unique strains of Bifidobacterium callitrichos. All three strains, including these isolates and the previously described type strain, contain genes that may enable utilization of marmoset dietary substrates. These include genes predicted to contribute to galactose, arabinose, and trehalose metabolic pathways. In addition, significant genomic differences between strains suggest that bifidobacteria possess distinct roles in carbohydrate metabolism within the same host. Thus, bifidobacteria utilize dietary components specific to their host, both humans and non-human primates alike. Comparative genomics suggests conservation of possible coevolutionary relationships within the primate clade