Trade and the global recession

The ratio of global trade to GDP declined by nearly 30 percent during the global recession of 2008-2009. This large drop in international trade has generated significant attention and concern. Did the decline simply reflect the severity of the recession for traded goods industries? Or alternatively, did international trade shrink due to factors unique to cross border transactions? This paper merges an input-output framework with a gravity trade model and solves numerically several general equilibrium counterfactual scenarios which quantify the relative importance for the decline in trade of the changing composition of global GDP and changes in trade frictions. Our results suggest that the relative decline in demand for manufactures was the most important driver of the decline in manufacturing trade. Changes in demand for durable manufactures alone accounted for 65 percent of the cross-country variation in changes in manufacturing trade/GDP. The decline in total manufacturing demand (durables and non-durables) accounted for more than 80 percent of the global decline in trade/GDP. Trade frictions increased and played an important role in reducing trade in some countries, notably China and Japan, but decreased or remained relatively flat in others. Globally, the impact of these changes in trade frictions largely cancel each other out.

What the banker expects from the accountant

What does a banker expect an audited statement to show? He expects that it will set forth a correct picture of all the assets and ail the liabilities of the company. And he expects that these various assets and liabilities will be classified and described with sufficient detail and exactness to enable him to form a satisfactory estimate of their value as a basis for granting credit

Plaintiff\u27s Exhibit 0110A: Bay Village Chief Eaton Report re: Flashlight

Police report regarding flashlight found by Karl Schuele in 1955.https://engagedscholarship.csuohio.edu/plaintiff_exhibits_2000/1016/thumbnail.jp

Plaintiff\u27s Exhibit 0110A: Bay Village Chief Eaton Report re: Flashlight

Police report regarding flashlight found by Karl Schuele in 1955.https://engagedscholarship.csuohio.edu/plaintiff_exhibits_2000/1016/thumbnail.jp

Police report given by Leo Stawicki about a bushy-haired man he observed the morning of July 4, 1954

Leo Stawicki observed a bushy-haired man around the Sheppard home between 2:00-230 a.m. the morning Marilyn was murdered. This is the police report taken by John Eaton of BVPD that Leo Stawicki provided 6 days after the murder

Interaction Between a Vortex and a Turbulent Boundary Layer. Part 1: Mean Flow Evolution and Turbulence Properties

An experimental study was conducted to examine the interaction between a single weak streamwise vortex and a two-dimensional turbulent boundary layer. Attention was focused on characterizing the effect of the boundary layer on the vortex, including the effects of a moderate adverse pressure gradient. Rapid growth of the vortex core was observed, and a flattening of the core shape occurred when the dimension of the core radius became comparable to the distance of the vortex center from the surface. Adverse pressure gradients caused an increase in the rate of core growth, and therefore, a stronger distortion of the core shape. Measurements of surface skin friction beneath the vortex and some of the Reynolds stresses are presented

Analysing the role of institutional arrangements: vegetable value chains in East Africa

Institutional innovations are increasingly seen as key to achieving not only agricultural growth, by overcoming market failures, but also to ensure that poor smallholders also benefit from this process. This paper analyses institutional arrangements for vegetable marketing in East Africa from a transaction cost perspective. Marketing of vegetables is still dominated by spot markets with some, but still limited, movement towards farmers' engaging collectively in contract farming through producers' organisations. It appears that little is understood concerning how farmers and traders have overcome transaction costs in such situations, and this area deserves increased attention. An understanding of how institutional change occurs is necessary if donor agencies wish to support this process.Agribusiness, Institutional and Behavioral Economics,

Heat transfer with very high free-stream turbulence and streamwise vortices

Results are presented for two experimental programs related to augmentation of heat transfer by complex flow characteristics. In one program, high free stream turbulence (up to 63 percent) was shown to increase the Stanton number by more than a factor of 5, compared with the normally expected value based on x-Reynolds number. These experiments are being conducted in a free-jet facility, near the margins of the jet. To a limited extent, the mean velocity, turbulence intensity, and integral length scale can be separately varied. The results show that scale is a very important factor in determining the augmentation. Detailed studies of the turbulence structure are being carried out using an orthogonal triple hot-wire anemometer equipped with a fourth wire for measuring temperature. The v' component of turbulence appears to be distributed differently from u' or w'. In the second program, the velocity distributions and boundary layer thicknesses associated with a pair of counter-rotating, streamwise vortices were measured. There is a region of considerably thinned boundary layer between the two vortices when they are of approximately the same strength. If one vortex is much stronger than the other, the weaker vortex may be lifted off the surface and absorbed into the stronger

Triassic Border Fault and Associated Sedimentary Rocks

50th meeting New England Intercollegiate Geological Conference: Connecticut, 1958: Trip