When does domestic saving matter for economic growth?

Can a country grow faster by saving more? We address this question both theoretically and empirically. In our model, growth results from innovations that allow local sectors to catch up with the frontier technology. In relatively poor countries, catching up with the frontier requires the involvement of a foreign investor, who is familiar with the frontier technology, together with effort on the part of a local bank, who can directly monitor local projects to which the technology must be adapted. In such a country, local saving matters for innovation, and therefore growth, because it allows the domestic bank to cofinance projects and thus to attract foreign investment. But in countries close to the frontier, local firms are familiar with the frontier technology, and therefore do not need to attract foreign investment to undertake an innovation project, so local saving does not matter for growth. In our empirical exploration we show that lagged savings is significantly associated with productivity growth for poor but not for rich countries. This effect operates entirely through TFP rather than through capital accumulation. Further, we show that savings is significantly associated with higher levels of FDI inflows and equipment imports and that the effect that these have on growth is significantly larger for poor countries than rich

The Development of a Sex Pheromone Lure for the American Plum Borer, \u3ci\u3eEuzophera Semifuneralis\u3c/i\u3e (Lepidoptera: Pyralidae), a Major Pest of Cherry in Michigan.

Pheromone components of the American plum borer, Euzophera semifuneralis, were defined by use of the electroantennogram screening technique and capillary gas chromatographic retention times of sex pheromone gland constituents. Field studies showed that greatest attraction was achieved with a 1 mg load rate of a 4-component blend in a rubber septum. This blend consisted of a 2:1 ratio of Z,E-9,12-14:ALD and Z9-14:ALD and an equal amount of the corresponding alcohols in a 2:1 ratio, respectively. Commercial lures were used to compare the flight patterns of the American plum borer, peachtree borer (Synanthedon exitiosa), and lesser peachtree borer (Synanthedon pictipes) adults in Michigan in 1988

ESTIMATION OF SUPPLY AND DEMAND ELASTICITIES OF CALIFORNIA COMMODITIES

The primary purpose of this paper is to provide updated estimates of domestic own-price, cross-price and income elasticities of demand and estimated price elasticities of supply for various California commodities. Flexible functional forms including the Box-Cox specification and the nonlinear almost ideal demand system are estimated and bootstrap standard errors obtained. Partial adjustment models are used to model the supply side. These models provide good approximations in which to obtain elasticity estimates. The six commodities selected represent some of the highest valued crops in California. The commodities are: almonds, walnuts, alfalfa, cotton, rice, and tomatoes (fresh and processed). All of the estimated own-price demand elasticities are inelastic and, in general, the income elasticities are all less than one. On the supply side, all the short-run price elasticities are inelastic. The long-run price elasticities are all greater than their short-run counterparts. The long-run price supply elasticities for cotton, almonds, and alfalfa are elastic, i.e., greater than one. Policy makers can use these estimates to measure the changes in welfare of consumers and producers with respect to changes in policies and economic variables.Consumer Economics: Empirical Analysis, Agricultural Markets and Marketing, Agriculture: Aggregate Supply and Demand Analysis, Prices, Agribusiness, Agricultural and Food Policy, Consumer/Household Economics, Crop Production/Industries, Demand and Price Analysis, Marketing, D120, Q130, Q110,

Valuing Options in California Water Markets: A Laboratory Investigation

Risk and reliability dominate water supply discussions in the arid western United States. In the past, water managers built additional storage to mitigate supply risk. The optimal, least expensive storage sites have now been taken, and there are strong, environmental objections to new facilities. Reliability of existing supplies is further diminished due to concerns about endangered species and global climate change. Thus water agencies increasingly turn to contractual mechanisms such as dry-year options to manage supply risk in advance of need. However, although a few water agencies across the West have implemented dry-year options, sufficient data for conventional econometric analysis do not yet exist. We thus utilize experimental economics to analyze the effect of annual dry-year options on water markets. How do market structure (competitive versus market power) and option contract availability affect water price and allocation within a market? Experiment participants trade stochastic realizations of water in a non-uniform double auction parameterized to resemble the California water market. We find that realized gains from trade are on average higher when options can be traded, by 11% in competitive markets and by 21% in dominant buyer markets. Findings in this analysis may assist policymakers in preparing for the next multi-year drought in California.Resource /Energy Economics and Policy,

Natural Enemies of Cranberry Fruitworm, \u3ci\u3eAcrobasis Vaccinii\u3c/i\u3e, (Lepidoptera: Pyraudae) in Michigan Highbush Blueberries

A two-year study was conducted in Michigan highbush blueberries to determine the complex of parasitoids attacking cranberry fruitworm, Acrobasis vaccinii. Eight parasitoid species and one fungal pathogen were collected. Parasitism of collected hosts ranged from 6.6% to 28.1%. The more common larval parasitoid encountered was Campoletis patsuiketorum (Hymenoptera: Ichneumonidae). The more common parasitoid recovered from fruitworm hibernacula was Villa lateralis (Diptera: Bombyliidae). This study documented six unreported natural enemies of cranberry fruitworm, including C. patsuiketorum; V. lateralis; Diadegma compressum (Hymenoptera: Ichneumonidae); Compsilura concinnata (Diptera: Tachinidae); Memorilla pyste (Diptera: Tachinidae); an undescribed Microtypus species (Hymenoptera: Braconidae); and a fungal pathogen, Paecilomyces near farinosus. This is the first known host association for the undescribed Microtypus species, and increases the known parasitoid complex of cranberry fruitworm to 17 species

Effects of the Structure of Water Rights on Agricultural Production During Drought: A Spatiotemporal Analysis of California\u27s Central Valley

California’s Central Valley region has been called the “bread-basket” of the United States. The region is home to one of the most productive agricultural systems on the planet. Such high levels of agricultural productivity require large amounts of fresh water for irrigation. However, the long-term availability of water required to sustain high levels of agricultural production is being called into question following the latest drought in California. In this paper, we use Bayesian multilevel spatiotemporal modeling techniques to examine the influence of the structure of surface water rights in the Central Valley on agricultural production during the recent drought. California is an important place to study these dynamics as it is the only state to recognize the two dominant approaches to surface water management in the United States: riparian and appropriative rights. In this study, Bayesian spatiotemporal modeling is employed to account for spatial processes that have the potential to influence the effects of water right structures on agricultural production. Results suggest that, after accounting for spatiotemporal dependencies in the data, seniority in surface water access significantly improves crop health and productivity on cultivated lands, but does not independently affect the ability to maintain cultivated extent. In addition, agricultural productivity in watersheds with more junior surface water rights show less sensitivity to cumulative drought exposure than other watersheds, however the extent of cultivation in these same watersheds is relatively more sensitive to cumulative drought exposure

Acute rotator cuff tendinopathy: does ice, low load isometric exercise, or a combination of the two produce an analgaesic effect?

This document is the Accepted Manuscript version of the following article: Parle PJ, Riddiford-Harland DL, Howitt CD, et al. 'Acute rotator cuff tendinopathy: does ice, low load isometric exercise, or a combination of the two produce an analgaesic effect?.' Br J Sports Med 2017;51:208-209, doi: http://dx.doi.org/10.1136/bjsports-2016-096107.Rotator cuff tendinopathies are the most commonly diagnosed musculoskeletal shoulder conditions and are associated with pain, weakness and loss of function.1 Tendon swelling may be associated with tendinopathy and may result from acute overload.2–3 An increase in tendon cells (tenocytes) and upregulation of large molecular weight proteoglycans, such as aggrecan, may increase tendon water content.2 There is uncertainty as to whether the swelling is related to the pain or is instead an observed but unrelated phenomenon. Weakness detected clinically may be due to pain inhibition.4–5 Early treatment of acute rotator cuff tendinopathy involves patient education and relative rest, and may include non-steroidal anti-inflammatory drugs (NSAIDs) to reduce pain, swelling and inflammation. Subacromial corticosteroid injections are also used to achieve the same purpose. These techniques show low to moderate evidence of reducing short-term pain but they do not improve function.6 The medications have side effects such as gastrointestinal tract complaints,7 and corticosteroids may damage tendon tissue.8 Identifying alternative ways to control pain and inflammation may be warranted. Two clinical procedures to manage RC tendinopathy include ice wraps and isometric exercise, however, there are no empirical data supporting their use. This pilot study, conducted at the Illawarra Sports Medicine Clinic, NSW, Australia, was designed to test (1) the short term analgaesic effect of these interventions and (2) the feasibility of a larger clinical trial for adults diagnosed with acute rotator cuff tendinopathy (<12 weeks).Peer reviewe