Why is Capital so Immobile Internationally?: Possible Explanations and Implications for Capital Income Taxation

The evidence on international capital immobility is extensive, ranging from the correlations between domestic savings and investment pointed out by Feldstein-Horioka (1980), to real interest differentials across countries, to the lack of international portfolio diversification. To what degree does capital immobility modify past results forecasting that small open economies should not tax savings or investment? The answer depends on the cause of this immobility. We argue that asymmetric information between countries provides the most plausible explanation for the above observations. When we examine optimal tax policy in an open economy allowing for asymmetric information, rather than simply finding that savings and investment should not be taxed, we now forecast government subsidies to foreign acquisitions of domestic firms. Some omitted factors that would argue against subsidizing foreign acquisitions are explored briefly.

Marketing Sweetpotatoes to the United Kingdom

The sweet potato, though nutritious and healthful, has languished as measured by per capita consumption. Value-adding products have been developed, but have not been successful in expanding consumption and acceptance. Specialty pack exports to the United Kingdom, with expansion to continental Europe, are a potential market for appropriately packaged product.Marketing,

The effect of military load carriage on ground reaction forces

Load carriage is an inevitable part of military life both during training and operations. Loads carried are frequently as high as 60% bodyweight, and this increases injury risk. In the military, load is carried in a backpack (also referred to as a Bergen) and webbing, these combined form a load carriage system (LCS). A substantial body of literature exists recording the physiological effects of load carriage; less is available regarding the biomechanics. Previous biomechanical studies have generally been restricted to loads of 20% and 40% of bodyweight, usually carried in the backpack alone. The effect of rifle carriage on gait has also received little or no attention in the published literature. This is despite military personnel almost always carrying a rifle during load carriage. In this study, 15 male participants completed 8 conditions: military boot, rifle, webbing 8 and 16 kg, backpack 16 kg and LCS 24, 32 and 40 kg. Results showed that load added in 8 kg increments elicited a proportional increase in vertical and anteroposterior ground reaction force (GRF) parameters. Rifle carriage significantly increased the impact peak and mediolateral impulse compared to the boot condition. These effects may be the result of changes to the vertical and horizontal position of the body's centre of mass, caused by the restriction of natural arm swing patterns. Increased GRFs, particularly in the vertical axis, have been positively linked to overuse injuries. Therefore, the biomechanical analysis of load carriage is important in aiding our understanding of injuries associated with military load carriage

A Convergent Method for Calculating the Properties of Many Interacting Electrons

A method is presented for calculating binding energies and other properties of extended interacting systems using the projected density of transitions (PDoT) which is the probability distribution for transitions of different energies induced by a given localized operator, the operator on which the transitions are projected. It is shown that the transition contributing to the PDoT at each energy is the one which disturbs the system least, and so, by projecting on appropriate operators, the binding energies of equilibrium electronic states and the energies of their elementary excitations can be calculated. The PDoT may be expanded as a continued fraction by the recursion method, and as in other cases the continued fraction converges exponentially with the number of arithmetic operations, independent of the size of the system, in contrast to other numerical methods for which the number of operations increases with system size to maintain a given accuracy. These properties are illustrated with a calculation of the binding energies and zone-boundary spin- wave energies for an infinite spin-1/2 Heisenberg chain, which is compared with analytic results for this system and extrapolations from finite rings of spins.Comment: 30 pages, 4 figures, corrected pd

Quantification of Pulmonary Arterial Wall Distensibility Using Parameters Extracted from Volumetric Micro-CT Images

Stiffening, or loss of distensibility, of arterial vessel walls is among the manifestations of a number of vascular diseases including pulmonary arterial hypertension. We are attempting to quantify the mechanical properties of vessel walls of the pulmonary arterial tree using parameters derived from high-resolution volumetric x-ray CT images of rat lungs. The pulmonary arterial trees of the excised lungs are filled with a contrast agent. The lungs are imaged with arterial pressures spanning the physiological range. Vessel segment diameters are measured from the inlet to the periphery, and distensibilities calculated from diameters as a function of pressure. The method shows promise as an adjunct to other morphometric techniques such as histology and corrosion casting. It possesses the advantages of being nondestructive, characterizing the vascular structures while the lungs are imaged rapidly and in a near-physiological state, and providing the ability to associate mechanical properties with vessel location in the intact tree hierarchy

Magnetization plateau in a two-dimensional multiple-spin exchange model

We study a multiple-spin exchange model on a triangular lattice, which is a possible model for low-density solid 3He films. Due to strong competitions between ferromagnetic three-spin exchange and antiferromagnetic four-spin one, the ground states are highly degenerate in the classical limit. At least 2^{L/2}-fold degeneracy exists on the L*L triangular lattice except for the SO(3) symmetry. In the magnetization process, we found a plateau at m/m_{sat}=1/2, in which the ground state is "uuud state" (a collinear state with four sublattices). The 1/2-plateau appears due to the strong four-spin exchange interaction. This plateau survives against both quantum and thermal fluctuations. Under a magnetic field which realizes the "uuud" ordered state, a phase transition occurs at a finite temperature. We predict that low-density solid 3He thin films may show the 1/2-plateau in the magnetization process. Experimental observation of the plateau will verify strength of the four-spin exchange. It is also discussed that this magnetization plateau can be understood as an insulating-conducting transition in a particle picture.Comment: 10 pages, RevTeX, 12 figures, added a reference and corrected typos, to be published in Phys.Rev.B (01 APR 99

Application of triggered lightning numerical models to the F106B and extension to other aircraft

The goal of the F106B Thunderstorm Research Program is to characterize the lightning environment for aircraft in flight. This report describes the application of numerical electromagnetic models to this problem. Topics include: (1) Extensive application of linear triggered lightning to F106B data; (2) Electrostatic analysis of F106B field mill data; (3) Application of subgrid modeling to F106B nose region, including both static and nonlinear models; (4) Extension of F106B results to other aircraft of varying sizes and shapes; and (5) Application of nonlinear model to interaction of F106B with lightning leader-return stroke event