Foreign-Affiliate Activity and U.S. Skill Upgrading

There has been little analysis of the impact of inward foreign direct investment (FDI) on U.S. wage inequality, even though the presence of foreign-owned affiliates in the United States has arguably grown more rapidly in significance for the U.S. economy than trade flows. Using data across U.S. manufacturing from 1977 to 1994, this paper tests whether inward flows of FDI contributed to within-industry shifts in U.S. relative labor demand toward more-skilled labor. We generally find that inward FDI has not contributed to U.S. within-industry skill upgrading; in fact, the wave of Japanese greenfield investments in the 1980s was significantly correlated with lower, not higher, relative demand for skilled labor. This finding is consistent with recent models of multinational enterprises in which foreign affiliates focus on activities less skilled-labor intensive than the activities of their parent firms. It also suggests that if inward FDI brought new technologies into the United States, the induced technological change was not biased towards skilled labor.

Valuation and Efficient Allocation of GSM Export Credit Guarantees

Estimates of country-level loan default distributions are developed and used in a loan guarantee model to value the contingent liability of USDA's General Sales Manager (GSM) export credit guarantee portfolio. The results quantify the relationship between increasing guarantee coverage and the resulting actuarial liability to the government. Optimal coverage levels and optimal country-level allocations are determined for given policy objectives and coverage totals. Findings reveal that the government's allocation of country guarantees is risk-inefficient; and guidance is provided for making risk-efficient allocations for any program size.contingent liability, export credit, GSM, loan guarantee valuation, risk efficiency, Agricultural Finance,

VOCALIZATION OF THE CROCODILE SKINK, TRIBOLONOTUS GRACILIS (DE ROOY, 1909), AND EVIDENCE OF PARENTAL CARE.

The crocodile or spiny skinks, Tribolonotus, comprise eight secretive semi-fossorial lizards, which are generally found under vegetation in the immediate vicinity of water (Greer and Parker, 1968; O'Shea, 1991, 1994; Rogner, 1997). Tribolonotus gracilis (Figure 1) and Tribolonotus novaeguineae are restricted to New Guinea, while the remaining six species range throughout Indonesia, Manus, New Britain, Bougainville, and the Solomon Islands (McCoy, 1980; O'Shea, 1991, 1994). Because scant life history information is available for the genus Tribolonotus, the purpose of the present contribution is to document the vocalization and parental care of T. gracilis

Stochastic Weighted Graphs: Flexible Model Specification and Simulation

In most domains of network analysis researchers consider networks that arise in nature with weighted edges. Such networks are routinely dichotomized in the interest of using available methods for statistical inference with networks. The generalized exponential random graph model (GERGM) is a recently proposed method used to simulate and model the edges of a weighted graph. The GERGM specifies a joint distribution for an exponential family of graphs with continuous-valued edge weights. However, current estimation algorithms for the GERGM only allow inference on a restricted family of model specifications. To address this issue, we develop a Metropolis--Hastings method that can be used to estimate any GERGM specification, thereby significantly extending the family of weighted graphs that can be modeled with the GERGM. We show that new flexible model specifications are capable of avoiding likelihood degeneracy and efficiently capturing network structure in applications where such models were not previously available. We demonstrate the utility of this new class of GERGMs through application to two real network data sets, and we further assess the effectiveness of our proposed methodology by simulating non-degenerate model specifications from the well-studied two-stars model. A working R version of the GERGM code is available in the supplement and will be incorporated in the gergm CRAN package.Comment: 33 pages, 6 figures. To appear in Social Network

Tracking the brain’s functional coupling dynamics over development

The transition from childhood to adulthood is marked by pronounced functional and structural brain transformations that impact cognition and behavior. Here, we use a functional imaging approach to reveal dynamic changes in coupling strength between networks and the expression of discrete brain configurations over human development during rest and a cognitive control task. Although the brain’s repertoire of functional states was generally preserved across ages, state-specific temporal features, such as the frequency of expression and the amount of time spent in select states, varied by age in ways that were dependent on condition. Increasing age was associated with greater variability of connection strengths across time at rest, while there was a selective inversion of this effect in higher-order networks during implementation of cognitive control. The results suggest that development is characterized by the modification of dynamic coupling to both maximize and constrain functional variability in response to ongoing cognitive and behavioral requirements

It’s a Matter of Time: Reframing the Development of Cognitive Control as a Modification of the Brain’s Temporal Dynamics

Cognitive control is a process that unfolds over time and regulates thought and action in the service of achieving goals and managing unanticipated challenges. Prevailing accounts attribute the protracted development of this mental process to incremental changes in the functional organization of a cognitive control network. Here, we challenge the notion that cognitive control is linked to a topologically static network, and argue that the capacity to manage unanticipated challenges and its development should instead be characterized in terms of inter-regional functional coupling dynamics. Ongoing changes in temporal coupling have long represented a fundamental pillar in both empirical and theoretical-based accounts of brain function, but have been largely ignored by traditional neuroimaging methods that assume a fixed functional architecture. There is, however, a growing recognition of the importance of temporal coupling dynamics for brain function, and this has led to rapid innovations in analytic methods. Results in this new frontier of neuroimaging suggest that time-varying changes in connectivity strength and direction exist at the large scale and further, that network patterns, like cognitive control process themselves, are transient and dynamic

Phosphine Functionalization of GaAs(111)A Surfaces

Phosphorus-functionalized GaAs surfaces have been prepared by exposure of Cl-terminated GaAs(111)A surfaces to triethylphosphine (PEt3) or trichlorophosphine (PCl3), or by the direct functionalization of the native-oxide terminated GaAs(111)A surface with PCl3. The presence of phosphorus on each functionalized surface was confirmed by X-ray photoelectron spectroscopy. High-resolution, soft X-ray photoelectron spectroscopy was used to evaluate the As and Ga 3d regions of such surfaces. On PEt3 treated surfaces, the Ga 3d spectra exhibited a bulk Ga peak as well as peaks that were shifted to 0.35, 0.92 and 1.86 eV higher binding energy. These peaks were assigned to residual Cl-terminated Ga surface sites, surficial Ga2O and surficial Ga2O3, respectively. For PCl3-treated surfaces, the Ga 3d spectra displayed peaks ascribable to bulk Ga(As), Ga2O, and Ga2O3, as well as a peak shifted 0.30 eV to higher binding energy relative to the bulk signal. A peak corresponding to Ga(OH)3, observed on the Cl-terminated surface, was absent from all of the phosphine-functionalized surfaces. After reaction of the Cl-terminated GaAs(111)A surface with PCl3 or PEt3, the As 3d spectral region was free of As oxides and As0. Although native oxide-terminated GaAs surfaces were free of As oxides after reaction with PCl3, such surfaces contained detectable amounts of As0. Photoluminescence measurements indicted that phosphine-functionalized surfaces prepared from Cl-terminated GaAs(111)A surfaces had better electrical properties than the native-oxide capped GaAs(111)A surface, while the native-oxide covered surface treated with PCl3 showed no enhancement in PL intensity