Collective Bargaining under EMU: Lessons from the Italian and Spanish Experiences, CES Working Paper, no. 72, February 2000

This paper seeks to shed light on the question of the likely evolution of collective bargaining in Europe under EMU by considering the experiences of two countries (Italy and Spain) in which governments and social actors attempted to decentralized collective bargaining during the 1980s only to opt in favor of a re-centralization of bargaining during the 1990s. The paper argues that the experiences of Italy and Spain offer two kinds of insights for our understanding of the future evolution of wage bargaining in the EU. On the one hand, they illustrate why governments and social actors may come to favor a consolidation of the structure of bargaining under EMU rather than opt for a further decentralization of bargaining. On the other hand, they also suggest that any such process of consolidation faces great obstacles in moving beyond the national level. The recent experiences of Italy and Spain thus lead us to conclude that the most likely outcome in the EU is that of a reaffirmation of the national and national/sectoral-levels of bargaining within member states, rather than either a radical decentralization of bargaining across the EU, or an effective shift to EU-level bargaining

FDI, income inequality and poverty : a time series analysis of Portugal, 1973–2016

Using time series data for Portugal between 1973 and 2016, this paper examines to what extent, inward FDI contributes to income inequality and poverty in the long-run. It was found that increased flows of inward FDI are associated with a less unequal income distribution and lower poverty rates. The results further suggest that, in the Portuguese case there is mutual causality between inward FDI and poverty in the long run, i.e., FDI significantly reduces poverty, and lower levels of poverty lead to higher inward FDI flows. In the case of inequality, the evidence shows that FDI does not contribute to higher (or lower) income inequality. Instead, more unequal income distributions significantly and negatively impact on inward FDI in the long run. Finally, human capital emerged as a key determinant to mitigate income inequality and circumvent poverty, contributing, indirectly, to fostering additional FDI inflows. Such results call for integrated public policy interventions that emphasize social and institu- tional dimensions.info:eu-repo/semantics/publishedVersio

The evolution of rotating stars. 1: Method and exploratory calculations for a 7 solar mass star

A method was developed which allows us to study the evolution of rotating stars beyond the main sequence stage. Four different cases of redistribution of angular momentum in an evolving star are considered. Evolutionary sequences for a 7 solar mass star, rotating according to these different cases, were computed from the ZAMS to the double shell source stage. Each sequence was begun with a (typical) equatorial velocity of 210 km/sec. On the main sequence, the effects of rotation are of minor importance. As the core contracts during later stages, important effects arise in all physically plausible cases. The outer regions of the cores approach critical velocities and develop unstable angular velocity distributions. The effects of these instabilities should significantly alter the subsequent evolution

Autonomous Systems as Legal Agents: Directly by the Recognition of Personhood or Indirectly by the Alchemy of Algorithmic Entities

The clinical manifestations of platelet dense (δ) granule defects are easy bruising, as well as epistaxis and bleeding after delivery, tooth extractions and surgical procedures. The observed symptoms may be explained either by a decreased number of granules or by a defect in the uptake/release of granule contents. We have developed a method to study platelet dense granule storage and release. The uptake of the fluorescent marker, mepacrine, into the platelet dense granule was measured using flow cytometry. The platelet population was identified by the size and binding of a phycoerythrin-conjugated antibody against GPIb. Cells within the discrimination frame were analysed for green (mepacrine) fluorescence. Both resting platelets and platelets previously stimulated with collagen and the thrombin receptor agonist peptide SFLLRN was analysed for mepacrine uptake. By subtracting the value for mepacrine uptake after stimulation from the value for uptake without stimulation for each individual, the platelet dense granule release capacity could be estimated. Whole blood samples from 22 healthy individuals were analysed. Mepacrine incubation without previous stimulation gave mean fluorescence intensity (MFI) values of 83±6 (mean ± 1 SD, range 69–91). The difference in MFI between resting and stimulated platelets was 28±7 (range 17–40). Six members of a family, of whom one had a known δ-storage pool disease, were analysed. The two members (mother and son) who had prolonged bleeding times also had MFI values disparate from the normal population in this analysis. The values of one daughter with mild bleeding problems but a normal bleeding time were in the lower part of the reference interval

Understanding the Variations in Gibrat's Law with a Markov-Perfect Dynamic Industry Model

Gibrat's Law of proportionate effect, as applied to firms, states that the growth rate of a firm is independent of its size. Empirical work on firm dynamics finds crucial deviations from Gibrat's Law such as smaller firms growing faster than larger firms (Evans, 1987, and Hall, 1987), a negative relationship between the variance of growth rates and size (Dunne and Hughes, 1994), and first-order positive autocorrelation in the growth rates (Kumar, 1995). Moreover, the degree of deviation from Gibrat's Law varies across industries. This paper contributes to our understanding of the forces that make Gibrat's Law a close, but imperfect approximation of firm size distributions and seeks to determine potential sources of cross-industry variation. Here, we employ an extension of the Ericson-Pakes (1995) theoretical framework that allows for firm growth developed by Laincz (2004a). By varying key parameters, the simulations demonstrate potential sources for the various, and sometimes conflicting, results on Gibrat's Law uncovered in the empirical literatureGibrat's Law, Firm Size Distribution, Entry, Exit

A Theoretical Foundation for Understanding Firm Size Distributions and Gibrat's Law

This paper presents a dynamic model of the firm size distribution. Empirical studies of the firm size distribution often compare the moments to a log-normal distribution as implied by Gibrat's Law and note important deviations. Thus, the first, and basic questions we ask are how well does the dynamic industry model reproduce Gibrat's Law and how well does it match the deviations uncovered in the literature. We show that the model reproduces these results when testing the simulated output using the techniques of the empirical literature. We then use the model to study how structural parameters affect the firm size distribution. We find that, among other things, fixed and sunk costs increase both the mean and variance of the firm size distribution while generally decreasing the skewness and kurtosis. The rate of growth in an industry also raises the mean and variance, but has non-monotonic effects on the higher moments.Firm size distribution; Gibrat's Law; R&D.

Enhanced excitation of Giant Pairing Vibrations in heavy-ion reactions induced by weakly-bound projectiles

The use of radioactive ion beams is shown to offer the possibility to study collective pairing states at high excitation energy, which are not usually accessible with stable projectiles because of large energy mismatch. In the case of two-neutron stripping reactions induced by 6He, we predict a population of the Giant Pairing Vibration in 208Pb or 116Sn with cross sections of the order of a millibarn, dominating over the mismatched transition to the ground state.Comment: 6 pages, 4 figure