394 research outputs found

    "The Economic Consequences of Weintraub's Consumption Coefficient"

    Get PDF
    In this paper we show that Weintraub:s consumption coefficient (the ratio of total consumption to wages) can elucidate trends in the sectoral and functional distributions of income We also show that, in a Kaleckian model, it simplifies and add precision to Kaleckian macroeconomics. Using a Kaleckian definition of profits, empirical estimates of the coefficient are presented for the UK 1972-1990. From a level of around 1.1 in the 1970’s, the coefficient rose to around 1.3 in the mid-1980s from which it has started to fall back to its 1970's levels. During the 1980s, the coefficient indicated a marked redistribution of income in favour of profits along with a rise in capitalists' propensity to consume. This confirms the evidence that the economic boom of the 1980s was driven principally by an expansion of demand for luxury goods rather than fixed capital investment. This will have been a factor in the slump after 1990.

    Ebstein's anomaly: Natural history and management

    Get PDF

    Evaluation of existing and new methods of tracking glacier terminus change

    Get PDF
    ACKNOWLEDGEMENTS The authors thank two anonymous reviewers for constructive comments that helped to improve the manuscript. This research was financially supported by J.M.L.’s PhD funding from UK Natural Environment Research Council grant No. NE/I528742/1.Peer reviewedPublisher PD

    Field-calibrated model of melt, refreezing, and runoff for polar ice caps : Application to Devon Ice Cap

    Get PDF
    Acknowledgments R.M.M. was supported by the Scottish Alliance for Geoscience, Environment and Society (SAGES). The field data collection contributed to the validation of the European Space Agency Cryosat mission and was supported by the Natural Sciences and Engineering Research Council, Canada, the Meteorological Service of Canada (CRYSYS program), the Polar Continental Shelf Project (an agency of Natural Resources Canada), and by UK Natural Environment Research Council consortium grant NER/O/S/2003/00620. Support for D.O.B. was provided by the Canadian Circumpolar Institute and the Climate Change Geoscience Program, Earth Sciences Sector, Natural Resources Canada (ESS contribution 20130371). Thanks are also due to the Nunavut Research Institute and the communities of Resolute Bay and Grise Fjord for permission to conduct fieldwork on Devon Ice Cap. M.J. Sharp, A. Gardner, F. Cawkwell, R. Bingham, S. Williamson, L. Colgan, J. Davis, B. Danielson, J. Sekerka, L. Gray, and J. Zheng are thanked for logistical support and field assistance during the data collection. We thank Ruzica Dadic, two other anonymous reviewers, and the Editor, Bryn Hubbard, for their helpful comments on an earlier version of this paper and which resulted in significant improvements.Peer reviewedPublisher PD

    The determinants of new orders of non-defence capital goods and its relationship to business fixed investment expenditures : 1992 to 2010

    Get PDF
    The determinant of nonfarm nonfinancial corporation orders of nondefense capital goods (as generated by the Census Bureau) is modelled during the period of 1992 to 2010. Statistically significant relationship between investment orders and the cyclical variations in output, the interest rate spread, net cash flows, the net increase in financial liabilities, the net increase in financial assets, and the value of (nondefense) manufacturing shipments is found. During the period 1992 to 2001, the wage share is inversely related to new orders. New orders are used to explain, subject to a lag, nonfarm nonfinancial corporations fixed investment expenditures, as generated by the BEA. A statistically significant relationship is found between investment expenditures and new orders, subject to modifications by changes contemporaneous economic conditions (largely reflected in cyclical changes in output, and, to a lesser extent, changes in the interest rate spread).peer-reviewe

    A reassessment of Schumpeter on fiscal policy from a dynamic tax: incidence perspective

    Get PDF
    With the approach of a new millenium there is a natural temptation to engage in speculation as to what the next century may hold. The choice of ‘Capitalism and Democracy in the 21st Century' as the theme of the 1998 conference of the International Joseph A. Schumpeter Society is clearly an invitation to reconsider the relevance of the ideas Schumpeter propounded in Capitalism, Socialism and Democracy (Schumpeter, 1943) in the context of the approaching millenium. Does the fact that Schumpeter's great prediction that the very success of capitalism would lead to its collapse and the emergence of socialism has so far not been borne out by the experience of the liberal representative democracies suggest that Schumpeter's vision should now be relegated to the dustbin of history? The answer we wish to suggest in this paper is no, it should not

    The glacial geomorphology of upper Godthåbsfjord (Nuup Kangerlua) in south-west Greenland

    Get PDF
    © 2018 The Author(s). Published by Informa UK Limited, trading as Taylor & Francis Group on behalf of Journal of Maps. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.The Greenland Ice Sheet (GrIS) is known to have experienced widespread retreat over the last century. Information on outlet glacier dynamics, prior to this, are limited due to both a lack of observations and a paucity of mapped or mappable deglacial evidence which restricts our understanding of centennial to millennial timescale dynamics of the GrIS. Here we present glacial geomorphological mapping, for upper Godthåbsfjord, covering 5800 km 2 at a scale of 1:92,000, using a combination of ASTER GDEM V2, a medium-resolution DEM (error < 10 m horizontal and < 6 m vertical accuracy), panchromatic orthophotographs and ground truthing. This work provides a detailed geomorphological assessment for the area, compiled as a single map, comprising of moraines, meltwater channels, streamlined bedrock, sediment lineations, ice-dammed lakes, trimlines, terraces, gullied sediment and marine limits. Whilst some of the landforms have been previously identified, the new information presented here improves our understanding of ice margin behaviour and can be used for future numerical modelling and landform dating programmes. Data also form the basis for palaeoglaciological reconstructions and contribute towards understanding of the centennial to millennial timescale record of this sector of the GrIS.Peer reviewedFinal Published versio

    Variability in ice motion at a land-terminating Greenlandic outlet glacier: the role of channelized and distributed drainage systems

    Get PDF
    We use a combination of field observations and hydrological modelling to examine the mechanisms through which variability in meltwater input affects ice motion at a land-terminating Greenlandic outlet glacier. We find a close agreement between horizontal ice velocity, vertical ice velocity and modelled subglacial water pressure over the course of a melt season. On this basis, we argue that variation in horizontal and vertical ice velocity primarily reflects the displacement of basal ice during periods of cavity expansion and contraction, a process itself driven by fluctuations in basal water pressure originating in subglacial channels. This process is not captured by traditional sliding laws linking water pressure and basal velocity, which may hinder the simulation of realistic diurnal to seasonal variability in ice velocity in coupled models of glacial hydrology and dynamics

    The Raploch: A history, people's perceptions and the likely future of a problem housing estate

    Get PDF
    This article explores the experience of belonging and identity, and the social distance and separateness which has long characterised aspects of Stirling’s Raploch housing estate. Detailed historical archive work uncovered the limited social planning and architectural ambitions set for this housing estate, when compared to the earlier Riverside development. The consequences of such decision making and subsequent poor management of the estate is then articulated through a series of qualitative interviews which explore attitudes to the construction and sustaining of neighbourhood and community identities. Achieving a physical solution to Raploch's social problems has eluded a series of recent regeneration initiatives and this paper suggests that the core problem is not primarily architectural but rather one of class related discrimination and stigma which has been core to Raploch's identity since the 16th Century
    corecore