DOMESTIC SUPPORT AND WTO NEGOTIATIONS FROM DEVELOPING COUNTRIES' PERSPECTIVES

International Relations/Trade,

TESTS OF MONETARY NEUTRALITY ON FARM OUTPUT

According to the monetary neutrality hypothesis, only the unanticipated money supply growth has impacts on real economic variables, and the anticipated money supply growth has no real impacts. The monetary neutrality hypothesis is tested on real farm output. The test procedure involves joint estimation of farm output and the money growth equation. The empirical results show that the anticipated money supply growth does have significant effects on farm output and, thus, do not support the monetary neutrality hypothesis.Financial Economics,

An Evaluation of Canadian and U.S. Policies of Log and Lumber Markets

The recent lumber trade war between Canada and the United States deals with Canadian stumpage policies, Canada’s log export controls, and U.S. retaliatory duty. This study determines the appropriate level of U.S. countervailing duty (CVD) by employing a vertically interrelated log–lumber model. The theoretical results show that the U.S. CVD can be greater (will be less) than the Canadian subsidy for a vertically related log–lumbermarket (for lumber market only). Empirical results support the theoretical findings in that the U.S. CVD for the log–lumber market (lumber market alone) is 1.55 (0.91) times the Canadian subsidy.countervailing duty, dispute, log, lumber, subsidy, Agribusiness, Agricultural and Food Policy, International Relations/Trade, Political Economy, F13,

Diagonalizing the genome II: toward possible applications

In a previous paper, we showed that the orientable cover of the moduli space of real genus zero algebraic curves with marked points is a compact aspherical manifold tiled by associahedra, which resolves the singularities of the space of phylogenetic trees. In this draft of a sequel, we construct a related (stacky) resolution of a space of real quadratic forms, and suggest, perhaps without much justification, that systems of oscillators parametrized by such objects may may provide useful models in genomics.Comment: 11 pages, 3 figure