67 research outputs found

    Growth accounting in economic history:Findings, lessons and new directions

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    There is now a large volume of growth accounting estimates covering the long run experience of advanced countries. However, most of the studies in economic history are not based on state-of-the-art methods. There is a trade-off between maintaining international comparability and achieving the best results for individual countries. A one-size-fits-all approach will not always do justice to the variety of historical experiences since the conventional assumptions may sometimes be inappropriate. Nevertheless, growth-accounting studies have produced some eye-catching results which provide food for thought both for economic historians and for growth economists. These include (1) the finding that TFP growth was comparatively slow during the First Industrial Revolution, (2) Solow's famous conclusion that TFP growth accounted for 7/8ths of American labour-productivity growth was atypical, (3) the impact of new general-purpose technologies on growth typically takes a long time to materialize, ICT being the notable exception and (4) that capital-deepening was much more important relative to TFP growth in east Asian than in western European catch-up growth. Growth accounting is undoubtedly a valuable item in the cliometrician's toolkit. Nonetheless, we anticipate the introduction of more sophisticated methods and look forward to progress in understanding what explains marked differences in TFP performance

    Economic growth in India during 1950-2015:Nehruvian socialism to market capitalism

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    Comparisons of pre and postreform economic growth in India are widely researched in the literature. This paper adds to this literature, but with a sectoral growth accounting perspective. We compare the proximate sources of economic growth in India during the 1950-1980 periods, the so-called Nehruvian socialist regime, with that of the post-1980 period, which includes the pro-business reforms in the 1980s and more aggressive pro-market reforms in the 1990s. We document two important features of India's growth dynamics. First, the overriding importance of the services sector in India's growth is not new, but it has always been the case in independent India. However, there has been a major shift in the composition of service sector growth. While the socialist regime fostered more nonmarket services, including the government sector, the market services sector flourished in the market regime, in terms of labour productivity, TFP and economic growth. Second, the economic growth in the socialist period was substantially driven by capital accumulation, except in the nonmarket services, whereas the market regime sees a combination of both productivity and capital accumulation

    Professionalism, Golf Coaching and a Master of Science Degree: A commentary

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    As a point of reference I congratulate Simon Jenkins on tackling the issue of professionalism in coaching. As he points out coaching is not a profession, but this does not mean that coaching would not benefit from going through a professionalization process. As things stand I find that the stimulus article unpacks some critically important issues of professionalism, broadly within the context of golf coaching. However, I am not sure enough is made of understanding what professional (golf) coaching actually is nor how the development of a professional golf coach can be facilitated by a Master of Science Degree (M.Sc.). I will focus my commentary on these two issues

    Baryons: What, When and Where?

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    We review the current state of empirical knowledge of the total budget of baryonic matter in the Universe as observed since the epoch of reionization. Our summary examines on three milestone redshifts since the reionization of H in the IGM, z = 3, 1, and 0, with emphasis on the endpoints. We review the observational techniques used to discover and characterize the phases of baryons. In the spirit of the meeting, the level is aimed at a diverse and non-expert audience and additional attention is given to describe how space missions expected to launch within the next decade will impact this scientific field.Comment: Proceedings Review for "Astrophysics in the Next Decade: JWST and Concurrent Facilities", ed. X. Tielens, 38 pages, 10 color figures. Revised to address comments from the communit

    The most metal-poor damped Lyα systems: An insight into dwarf galaxies at high redshift

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    In this paper we analyze the kinematics, chemistry, and physical properties of a sample of the most metal-poor damped Lyα systems (DLAs), to uncover their links to modern-day galaxies. We present evidence that the DLA population as a whole exhibits a "knee" in the relative abundances of the α-capture and Fe-peak elements when the metallicity is [Fe/H] sime –2.0, assuming that Zn traces the buildup of Fe-peak elements. In this respect, the chemical evolution of DLAs is clearly different from that experienced by Milky Way halo stars, but resembles that of dwarf spheroidal galaxies in the Local Group. We also find a close correspondence between the kinematics of Local Group dwarf galaxies and of high-redshift metal-poor DLAs, which further strengthens this connection. On the basis of such similarities, we propose that the most metal-poor DLAs provide us with a unique opportunity to directly study the dwarf galaxy population more than ten billion years in the past, at a time when many dwarf galaxies were forming the bulk of their stars. To this end, we have measured some of the key physical properties of the DLA gas, including their neutral gas mass, size, kinetic temperature, density, and turbulence. We find that metal-poor DLAs contain a warm neutral medium with T gas sime 9600 K predominantly held up by thermal pressure. Furthermore, all of the DLAs in our sample exhibit a subsonic turbulent Mach number, implying that the gas distribution is largely smooth. These results are among the first empirical descriptions of the environments where the first few generations of stars may have formed in the universe

    The Primordial Deuterium Abundance of the Most Metal-poor Damped Lyman-alpha System

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    We report the discovery and analysis of the most metal-poor damped Lyman-alpha (DLA) system currently known, which also displays the Lyman series absorption lines of neutral deuterium. The average [O/H] abundance of this system is [O/H] = -2.804 +/- 0.015, which includes an absorption component with [O/H] = -3.07 +/- 0.03. Despite the unfortunate blending of many weak D I absorption lines, we report a precise measurement of the deuterium abundance of this system. Using the six highest quality and self-consistently analyzed measures of D/H in DLAs, we report tentative evidence for a subtle decrease of D/H with increasing metallicity. This trend must be confirmed with future high precision D/H measurements spanning a range of metallicity. A weighted mean of these six independent measures provides our best estimate of the primordial abundance of deuterium, 10^5 (D/H)_P = 2.547 +/- 0.033 (log_10 (D/H)_P = -4.5940 +/- 0.0056). We perform a series of detailed Monte Carlo calculations of Big Bang nucleosynthesis (BBN) that incorporate the latest determinations of several key nuclear cross sections, and propagate their associated uncertainty. Combining our measurement of (D/H)_P with these BBN calculations yields an estimate of the cosmic baryon density, 100 Omega_B,0 h^2(BBN) = 2.156 +/- 0.020, if we adopt the most recent theoretical determination of the d(p,gamma)3He reaction rate. This measure of Omega_B,0 h^2 differs by ~2.3 sigma from the Standard Model value estimated from the Planck observations of the cosmic microwave background. Using instead a d(p,gamma)3He reaction rate that is based on the best available experimental cross section data, we estimate 100 Omega_B,0 h^2(BBN) = 2.260 +/- 0.034, which is in somewhat better agreement with the Planck value. Forthcoming measurements of the crucial d(p,gamma)3He cross section may shed further light on this discrepancy

    The Rieger syndrome.

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