Reconstruction multipliers

A law issued to allocate reconstruction grants following the 2009 "Aquilano" earthquake has resulted in a large and unanticipated discontinuity across municipalities with comparable damages. Using diff-in-diff analysis we estimate the "local spending" and the "local tax" multipliers--according to the composition of the stimulus--controlling for the negative supply shock generated by the event. The stimulus prevented a fall in economic activity and the multiplicative effects of tax cuts are estimated much higher than those of spending. Our results underline the importance of countercyclical fiscal interventions and suggest the most effective composition of such a stimulus

Shake me the money!

During a natural disaster, the negative supply shock due to the destruction of productive capacity is counteracted by a positive demand shock due to public grants for assistance and reconstruction positing an identification issue in empirical work. Focusing on the 2009 'Aquilano' earthquake in Italy as a case study, we take advantage of quantified measure of damages for 75,424 buildings to estimate the negative supply shock and of a law issued to allocate reconstruction grants, which resulted in a sharp, exogenous discontinuity in transfers and output behavior across neighboring municipalities to estimate the positive demand shock. Diff-in-diff analysis suggests that local output multipliers of reconstruction grants (net of marginal tax rebates) are below unity. Yet the size of the grants act as a public insurance scheme, preventing a fall in output

Consumer Spending and Fiscal Consolidation: Evidence from a Housing Tax Experiment

A major change of the property tax system in 2011 generated significant variation in the amount of housing taxes paid by Italian households. Using new questions added to the Survey on Household Income and Wealth (SHIW), we exploit this variation to provide an unprecedented analysis of the effects of property taxes on consumer spending. A tax on the main dwelling leads to large expenditure cuts among households with mortgage debt and low liquid wealth but generates only small revenues for the government. In contrast, higher tax rates on other residential properties reduce private savings and yield large tax revenues

The Impact of Earthquakes on Economic Activity: Evidence from Italy

Although earthquakes are large idiosyncratic shocks for affected regions, little is known of their impact on economic activity. Seismic events are rare, the data is crude (the Richter scale measures the magnitude but says nothing of the associated damages) and counterfactuals are often entirely absent. We suggest an innovative identification strategy to address these issues based on the so-called ’Mercalli scale’ ranks - a geophysical methodology devised to gauge seismic damages relying on a newly compiled dataset following 95 Italian provinces from 1986 to 2011 (including 22 seismic episodes) offering an ideal ground for identification. Also, we carry out counterfactuals taking advantage of ex ante identical neighboring provinces that only differ ex post in terms of damages. Contrary to conventional views, we find that the impact of seismic events on output is negligible (or even positive) including after the most devastating events

Reconstruction multipliers

A law issued to allocate reconstruction grants following the 2009 "Aquilano" earthquake has resulted in a large and unanticipated discontinuity across municipalities with comparable damages. Using diff-in-diff analysis we estimate the "local spending" and the "local tax" multipliers--according to the composition of the stimulus--controlling for the negative supply shock generated by the event. The stimulus prevented a fall in economic activity and the multiplicative effects of tax cuts are estimated much higher than those of spending. Our results underline the importance of countercyclical fiscal interventions and suggest the most effective composition of such a stimulus

Influence of Quince rootstocks on Entomosporium Leaf Spot (Entomosporium mespili) susceptibility in European Pear cv. Abate Fetel

Entomosporium leaf spot (ELS) is caused by the fungus Fabraea maculata (anamorph: Entomosporium mespili) and affects most pear cultivars and quince rootstocks in Brazil. The aim of this study was to characterize the effect of Adams, EMA and EMC quince rootstocks on ELS in European pear cultivar “Abate Fetel” in Southern Brazil, during the 2009/2010, 2010/2011 and 2011/2012 growing season. The incidence and severity of disease was quantified weekly in 100 randomly leaves distributed in four medium-height branches per plant with eight replications. Disease progress curves of ELS were constructed and the epidemics compared according to: (1) the beginning of symptoms appearance (BSA); (2) the time to reach the maximum disease incidence and severity (TRMDI and TRMDS); (3) area under the incidence and severity disease progress curve (AUIDPC and AUSDPC). The data were analyzed by linear regression and adjusted for three empirical models: Logistic, Monomolecular and Gompertz. The Abate Fetel cultivar under all rootstocks evaluated was susceptible to E. mespili. However, there were significant differences in ELS intensity among rootstocks evaluated. The highest ELS intensities were observed in combinations with EMA and Adams quince rootstock. Abate Fetel cultivar grafted on EMC quince rootstock showed all epidemiological variables results significantly different when compared with EMA quince rootstock. EMC quince rootstock induced late resistance compared with the other considerated rootstocks. The Logistic model was the most appropriates to describe the ELS progress of Abate Fetel cultivar under all rootstocks evaluated in the edafoclimatic conditions of Southern Brazil, during the 2009/2010, 2010/2011 and 2011/2012 growing season

Resposta de Borreria latifolia e Richardia brasiliensis a doses do herbicida glyphosate em pós-emergência.

O objetivo deste trabalho foi avaliar e ajustar a resposta de plantas de ervaquente (Borreria latifolia) e poaia-branca (Richardia brasiliensis) a diferentes concentrações do herbicida glyphosate. O estudo foi desenvolvido em casa-de-vegetação, arranjado em delineamento inteiramente casualizado com quatro repetições. Foram avaliadas nove concentrações de do herbicida glyphosate (0, 43, 73, 124, 211, 360, 612, 1040 e 1768 g e.a. ha-1) para o controle de Borreria latifolia e Richardia brasiliensis. Realizou-se avaliações de controle aos 14 e 28 dias após a aplicação (DAA) e massa da parte aérea seca. Com os resultados obtidos, evidenciou-se controle satisfatório para as duas espécies estudadas com o emprego da dose 612 g e.a. ha-1. Em decorrência ao maior controle de erva-quente e poaia-branca, observou-se também uma maior redução da MPAS atingindo aproximadamente 100% com o emprego da dose de 1040 g e.a. ha-1

Habilidade competitiva de genótipos de feijão comum do grupo "preto" com plantas daninhas.

A hipótese dessa pesquisa é de que há variabilidade entre genótipos de feijão do grupo Preto quanto à competitividade com plantas daninhas e é possível identificar características de plantas que explicam expressivamente a habilidade competitiva. O objetivo desse trabalho foi avaliar a habilidade competitiva de genótipos de feijão do grupo preto com plantas daninhas. As perdas de produtividade de grãos em genótipos de feijão preto, decorrentes da interferência exercida pelas plantas daninhas, variaram de 30,8 a 54,9 %, sendo que os genótipos que apresentaram as menores perdas de produtividade também suprimiram em maior grau o crescimento das plantas daninhas. Houve tendência de aumento das reduções de produtividade de grãos em razão da interferência de plantas daninhas com o aumento da produtividade verificada na ausência de interferência. Não foi possível identificar características de plantas que afetam significativamente a habilidade dos genótipos de feijão em competir com plantas daninhas

Neutron-induced background by an alpha-beam incident on a deuterium gas target and its implications for the study of the 2H(alpha,gamma)6Li reaction at LUNA

The production of the stable isotope Li-6 in standard Big Bang nucleosynthesis has recently attracted much interest. Recent observations in metal-poor stars suggest that a cosmological Li-6 plateau may exist. If true, this plateau would come in addition to the well-known Spite plateau of Li-7 abundances and would point to a predominantly primordial origin of Li-6, contrary to the results of standard Big Bang nucleosynthesis calculations. Therefore, the nuclear physics underlying Big Bang Li-6 production must be revisited. The main production channel for Li-6 in the Big Bang is the 2H(alpha,gamma)6Li reaction. The present work reports on neutron-induced effects in a high-purity germanium detector that were encountered in a new study of this reaction. In the experiment, an {\alpha}-beam from the underground accelerator LUNA in Gran Sasso, Italy, and a windowless deuterium gas target are used. A low neutron flux is induced by energetic deuterons from elastic scattering and, subsequently, the 2H(d,n)3He reaction. Due to the ultra-low laboratory neutron background at LUNA, the effect of this weak flux of 2-3 MeV neutrons on well-shielded high-purity germanium detectors has been studied in detail. Data have been taken at 280 and 400 keV alpha-beam energy and for comparison also using an americium-beryllium neutron source.Comment: Submitted to EPJA; 13 pages, 8 figure

Preparation and characterisation of isotopically enriched Ta2_2O5_5 targets for nuclear astrophysics studies

The direct measurement of reaction cross sections at astrophysical energies often requires the use of solid targets of known thickness, isotopic composition, and stoichiometry that are able to withstand high beam currents for extended periods of time. Here, we report on the production and characterisation of isotopically enriched Ta$_2$O$_5$ targets for the study of proton-induced reactions at the Laboratory for Underground Nuclear Astrophysics facility of the Laboratori Nazionali del Gran Sasso. The targets were prepared by anodisation of tantalum backings in enriched water (up to 66% in $^{17}$O and up to 96% in $^{18}$O). Special care was devoted to minimising the presence of any contaminants that could induce unwanted background reactions with the beam in the energy region of astrophysical interest. Results from target characterisation measurements are reported, and the conclusions for proton capture measurements with these targets are drawn.Comment: accepted to EPJ