Financial Development, Openness and Institutions: Evidence from Panel Data

Utilising four annual panel datasets and dynamic panel data estimation procedures we find that trade and financial openness, as well as economic institutions are statistically important determinants of the variation in financial development across countries and over time since the 1980s. However, we find mixed support for the hypothesis that the simultaneous opening of both trade and capital accounts is necessary to promote financial development in a contemporary setting.Financial development, Trade Openness, Financial Openness, Economic Institutions, Financial Liberalization, Dynamic Panel Data Analysis

Financial Development, Openness and Institutions: Evidence from Panel Data

Utilising four annual panel datasets and dynamic panel data estimation procedures we find that trade and financial openness, as well as economic institutions are statistically important determinants of the variation in financial development across countries and over time since the 1980s. However, we find mixed support for the hypothesis that the simultaneous opening of both trade and capital accounts is necessary to promote financial development in a contemporary setting.Financial development; Trade Openness; Financial Openness; Economic Institutions; Financial Liberalization; Dynamic Panel Data Analysis

The racist bodily imaginary: the image of the body-in-pieces in (post)apartheid culture

This paper outlines a reoccurring motif within the racist imaginary of (post)apartheid culture: the black body-in-pieces. This disturbing visual idiom is approached from three conceptual perspectives. By linking ideas prevalent in Frantz Fanon’s description of colonial racism with psychoanalytic concepts such as Lacan’s notion of the corps morcelé, the paper offers, firstly, an account of the black body-in-pieces as fantasmatic preoccupation of the (post)apartheid imaginary. The role of such images is approached, secondly, through the lens of affect theory which eschews a representational ‘reading’ of such images in favour of attention to their asignifying intensities and the role they play in effectively constituting such bodies. Lastly, Judith Butler’s discussion of war photography and the conditions of grievability introduces an ethical dimension to the discussion and helps draw attention to the unsavory relations of enjoyment occasioned by such images

Perserverance measures and attainment in first year computing science students.

We investigate the link between concepts of perseverance such as conscientiousness and grit, and the academic attainment of first year computing students. We review the role that perseverance plays in learning models, as well as describing the trait of conscientiousness in the Five Factor Model of personality. We outline research that links this trait with academic success, before focussing on more recent, narrower conceptualisations of perseverance such as academic tenacity and grit. We describe one of the questionnaire tools that have been used to assess the construct of grit. We give details of an investigation that looked for correlations between student responses to Duckworth's Grit Survey, the Big Five Inventory (BFI) Personality Survey and summative attainment scores in a first year programming course. The results suggest a weak but significant correlation between conscientiousness, grit and programming achievement. We discuss these results as well as the limitations of the method used. Finally, we make some observations about the importance of these concepts in Computer Science education and outline further work in this area

Synegies Between Visible/Near-Infrared Imaging Spectrometry and the Thermal Infrared in an Urban Environment: An Evaluation of the Hyperspectral Infrared Imager (HYSPIRI) Mission

A majority of the human population lives in urban areas and as such, the quality of urban environments is becoming increasingly important to the human population. Furthermore, these areas are major sources of environmental contaminants and sinks of energy and materials. Remote sensing provides an improved understanding of urban areas and their impacts by mapping urban extent, urban composition (vegetation and impervious cover fractions), and urban radiation balance through measures of albedo, emissivity and land surface temperature (LST). Recently, the National Research Council (NRC) completed an assessment of remote sensing needs for the next decade (NRC, 2007), proposing several missions suitable for urban studies, including a visible, near-infrared and shortwave infrared (VSWIR) imaging spectrometer and a multispectral thermal infrared (TIR) instrument called the Hyperspectral Infrared Imagery (HyspIRI). In this talk, we introduce the HyspIRI mission, focusing on potential synergies between VSWIR and TIR data in an urban area. We evaluate potential synergies using an Airborne Visible/Infrared Imaging Spectrometer (AVIRIS) and MODIS-ASTER (MASTER) image pair acquired over Santa Barbara, United States. AVIRIS data were analyzed at their native spatial resolutions (7.5m VSWIR and 15m TIR), and aggregated 60 m spatial resolution similar to HyspIRI. Surface reflectance was calculated using ACORN and a ground reflectance target to remove atmospheric and sensor artifacts. MASTER data were processed to generate estimates of spectral emissivity and LST using Modtran radiative transfer code and the ASTER Temperature Emissivity Separation algorithm. A spectral library of common urban materials, including urban vegetation, roofs and roads was assembled from combined AVIRIS and field-measured reflectance spectra. LST and emissivity were also retrieved from MASTER and reflectance/emissivity spectra for a subset of urban materials were retrieved from co-located MASTER and AVIRIS pixels. Fractions of Impervious, Soil, Green Vegetation (GV) and Non-photosynthetic Vegetation (NPV), were estimated using Multiple Endmember Spectral Mixture Analysis (MESMA) applied to AVIRIS data at 7.5, 15 and 60 m spatial scales. Surface energy parameters, including albedo, vegetation cover fraction, broadband emissivity and LST were also determined for urban and natural land-cover classes in the region. Fractions were validated using 1m digital photography

The Simile of the Talus in Cicero De Finibus 3.54

Two principal questions are addressed: In De Finibus 3.54 what position does Cicero imagine the talus to fall and lie? How does this talus simile shed light on the problematic relationship between the Stoics’ doctrine of ‘preferred indifferents’ and their definition of the Good as virtue

Land and cryosphere products from Suomi NPP VIIRS: overview and status

[1] The Visible Infrared Imaging Radiometer Suite (VIIRS) instrument was launched in October 2011 as part of the Suomi National Polar-Orbiting Partnership (S-NPP). The VIIRS instrument was designed to improve upon the capabilities of the operational Advanced Very High Resolution Radiometer and provide observation continuity with NASA's Earth Observing System's Moderate Resolution Imaging Spectroradiometer (MODIS). Since the VIIRS first-light images were received in November 2011, NASA- and NOAA-funded scientists have been working to evaluate the instrument performance and generate land and cryosphere products to meet the needs of the NOAA operational users and the NASA science community. NOAA's focus has been on refining a suite of operational products known as Environmental Data Records (EDRs), which were developed according to project specifications under the National Polar-Orbiting Environmental Satellite System. The NASA S-NPP Science Team has focused on evaluating the EDRs for science use, developing and testing additional products to meet science data needs, and providing MODIS data product continuity. This paper presents to-date findings of the NASA Science Team's evaluation of the VIIRS land and cryosphere EDRs, specifically Surface Reflectance, Land Surface Temperature, Surface Albedo, Vegetation Indices, Surface Type, Active Fires, Snow Cover, Ice Surface Temperature, and Sea Ice Characterization. The study concludes that, for MODIS data product continuity and earth system science, an enhanced suite of land and cryosphere products and associated data system capabilities are needed beyond the EDRs currently available from the VIIRS

Evolved Galaxies at z > 1.5 from the Gemini Deep Deep Survey: The Formation Epoch of Massive Stellar Systems

We present spectroscopic evidence from the Gemini Deep Deep Survey (GDDS) for a significant population of color-selected red galaxies at 1.3 < z < 2.2 whose integrated light is dominated by evolved stars. Unlike radio-selected objects, the z > 1.5 old galaxies have a sky density > 0.1 per sq. arcmin. Conservative age estimates for 20 galaxies with z > 1.3; = 1.49, give a median age of 1.2 Gyr and = 2.4. One quarter of the galaxies have inferred z_f > 4. Models restricted to abundances less than or equal to solar give median ages and z_f of 2.3 Gyr and 3.3, respectively. These galaxies are among the most massive and contribute approximately 50% of the stellar mass density at 1 < z < 2. The derived ages and most probable star formation histories suggest a high star-formation-rate (300-500 solar masses per year) phase in the progenitor population. We argue that most of the red galaxies are not descendants of the typical z=3 Lyman break galaxies. Galaxies associated with luminous sub-mm sources have the requisite star formation rates to be the progenitor population. Our results point toward early and rapid formation for a significant fraction of present day massive galaxies.Comment: 12 pages, 2 figures, 1 table, Accepted for publication, ApJ Letter

Cosmic Star Formation History and its Dependence on Galaxy Stellar Mass

We examine the cosmic star formation rate (SFR) and its dependence on galaxy stellar mass over the redshift range 0.8 < z < 2 using data from the Gemini Deep Deep Survey (GDDS). The SFR in the most massive galaxies (M > 10^{10.8} M_sun) was six times higher at z = 2 than it is today. It drops steeply from z = 2, reaching the present day value at z ~ 1. In contrast, the SFR density of intermediate mass galaxies (10^{10.2} < M < 10^{10.8} M_sun) declines more slowly and may peak or plateau at z ~ 1.5. We use the characteristic growth time t_SFR = rho_M / rho_SFR to provide evidence of an associated transition in massive galaxies from a burst to a quiescent star formation mode at z ~ 2. Intermediate mass systems transit from burst to quiescent mode at z ~ 1, while the lowest mass objects undergo bursts throughout our redshift range. Our results show unambiguously that the formation era for galaxies was extended and proceeded from high to low mass systems. The most massive galaxies formed most of their stars in the first ~3 Gyr of cosmic history. Intermediate mass objects continued to form their dominant stellar mass for an additional ~2 Gyr, while the lowest mass systems have been forming over the whole cosmic epoch spanned by the GDDS. This view of galaxy formation clearly supports `downsizing' in the SFR where the most massive galaxies form first and galaxy formation proceeds from larger to smaller mass scales.Comment: Accepted for publication in ApJ