Global logistics indicators, supply chain metrics, and bilateral trade patterns

Past research into the determinants of international trade highlighted the importance of the basic spatial gravity model augmented by additional variables representing sources of friction. Studies modeled many sources of friction using various proxies, including indices based on expert judgment in some cases. This paper focuses on logistics friction and draws on a data set recently compiled by the World Bank with specific quantitative metrics of logistics performance interms of time, cost, and variability in time. It finds that the new variables that relate directly to logistics performance have a statistically significant relationship with the level of bilateral trade. It also finds that a single logistics index can capture virtually all of the explanatory power of multiple logistics indicators. The findings should spur public and private agencies that have direct or indirect power over logistics performance to focus attention on reducing sources of friction so as to improve their country's ability to compete in today's global economy. Moreover, since the logistics metrics are directly related to operational performance, countries can use these metrics to target actions to improve logistics and monitor their progress.Common Carriers Industry,Transport and Trade Logistics,Economic Theory&Research,Free Trade,Trade Policy

Patents and R&D: Searching for a Lag Structure

This paper extends earlier work on the R&D to patents relationship (Pakes-Griliches 1980, and Hausman, Hall, and Griliches, 1984) to a larger but shorter panel of firms. Using both non-linear least squares and Poisson type models to treat the problem of discreteness in the dependent variable the paper tries to discern the lag structure of this relationship in greater detail. Since the available time series are short, two different approaches are pursued in trying to solve the lag truncation problem: In the first the influence of the unseen past is assumed to decline geometrically; in the second,the unobserved past series are assumed to have followed a low order autoregression. Neither approach yields strong evidence of a long lag. The available sample, though numerically large,turns out not to be particularly informative on this question. It does reconfirm, however, a significant effect of R&D on patenting (with most of it occurring in the first year or two) and the presence of rather wide and semi-permanent differences among firms in their patenting policies.

Patents and R&D: Is There A Lag?

This paper extends earlier work on the RID to patents relationship (Pakes-Griliches 1980, and Hausman, Hall, and Griliches,1984) to a larger but shorter panel of firms. The focus of the paper is on solving a number of econometric problems associated with the discreteness of the dependent variable and the shortness of the panel in the time dimension. We compare weighted nonlinear least squares as wellas Poisson-type models as solutions to the former problem. In attempting to estimate a lag structure on R&D in the absence of a sufficient history of the variable, we take two approaches: first, we use the conditional version of the negative binomial model, and second, we estimate the R&D variable itself as a low order stochastic process and use this information to control for unobserved R&D. R&D itself turns out to befairly well approximated by a random walk. Neither approach yields strong evidence of a long lag. The available sample, though numerically large, turns out not to be particularily informative on this question. It does reconfirm, however, a significant effect of R&D on patenting (with most of it occuring in the first year) and the presence of rather wide and semi-permanent differences among firms in their patenting policies.

Temporal frequency of radio emissions for the April 25, 1984 flare

The National Geophysical Data Center archives data of the solar-terrestrial environment. The USAF Radio Solar Telescope Network (RSTN) data allow performance of time series analysis to determine temporal oscillations as low as three seconds. The X13/3B flare which erupted in region 4474 (S12E43) on the 24 to 25 of April 1984, was selected. The soft X-rays, 1 to 8 A, remained above X-levels for 50 minutes and the radio emissions measured at Learmonth Solar Observatory reached a maximum of 3.15 x 10 to the 5th power SFUs at 410 MHz at 0000UT. A power spectral analysis of the fixed frequency RSTN data from Learmonth shows possible quasi-periodic fluctuations in the range two to ten seconds. Repetition rates or quasi-periodicities, in the case of the power spectral analysis, generally showed the same trends as the average solar radio flux at 245 and 8800 MHz. The quasi-periodicities at 1415 MHz showed no such trends

The Role of Slotting Fees in the Coordination of Assortment Decisions

Peer Reviewedhttp://deepblue.lib.umich.edu/bitstream/2027.42/72029/1/j.1937-5956.2009.01039.x.pd

Asymptotic Properties of the Hahn–Hausman Test for Weak-Instruments

This paper provides weak-instrument asymptotic representations of tests for instrument validity by Hahn and Hausman\u27s (HH) [Hahn, J., Hausman, J., 2002. A new specification test for the validity of instrumental variables. Econometrica 70, 163–189.], and uses these representations to compute asymptotic power against weak or irrelevant instruments. The HH tests were proposed as pretests, and the asymptotic properties of post-test inferences, conditional on the tests failing to reject instrument validity, are also examined

Common Causes and The Direction of Causation

Is the common cause principle merely one of a set of useful heuristics for discovering causal relations, or is it rather a piece of heavy duty metaphysics, capable of grounding the direction of causation itself? Since the principle was introduced in Reichenbach’s groundbreaking work The Direction of Time (1956), there have been a series of attempts to pursue the latter program—to take the probabilistic relationships constitutive of the principle of the common cause and use them to ground the direction of causation. These attempts have not all explicitly appealed to the principle as originally formulated; it has also appeared in the guise of independence conditions, counterfactual overdetermination, and, in the causal modelling literature, as the causal markov condition. In this paper, I identify a set of difficulties for grounding the asymmetry of causation on the principle and its descendents. The first difficulty, concerning what I call the vertical placement of causation, consists of a tension between considerations that drive towards the macroscopic scale, and considerations that drive towards the microscopic scale—the worry is that these considerations cannot both be comfortably accommodated. The second difficulty consists of a novel potential counterexample to the principle based on the familiar Einstein Podolsky Rosen (EPR) cases in quantum mechanics

Energy Dissipation in Interstellar Cloud Collisions

We present a study of the kinetic energy dissipation in interstellar cloud collisions. The main aim is to understand the dependence of the elasticity (defined as the ratio of the final to the initial kinetic energy of the clouds) on the velocity and mass ratio of the colliding clouds, magnetic field strength, and gas metallicity for head-on collisions. The problem has been studied both analytically and via numerical simulations. We have derived handy analytical relationships that well approximate the analogous numerical results. The main findings of this work are: (i) the kinetic energy dissipation in cloud collisions is minimum (i.e. the collision elasticity is maximum) for a cloud relative velocity $v_r \simeq 30 km s^{-1}$; (ii) the above minimum value is proportional $Z L_c^2$, where $Z$ is the metallicity and $L_c$ is the cloud size: the larger is $Z L_c^2$ the more dissipative (i.e. inelastic) the collision will be; (iii) in general, we find that the energy dissipation decreases when the magnetic field strength, and mass ratio of the clouds are increased and the metallicity is decreased, respectively. We briefly discuss the relevance of this study to the global structure of the interstellar medium and to galaxy formation and evolution.Comment: 16 pages, aasms LaTeX, 7 figures. ApJ, accepte