Concept-Based Bayesian Model Averaging and Growth Empirics

Abstract: In specifying a regression equation, we need to determine which regressors to include, but also how these regressors are measured. This gives rise to two levels of uncertainty: concepts (level 1) and measurements within each concept (level 2). In this paper we propose a hierarchical weighted least squares (HWALS) method to address these uncertainties. We examine the effects of different growth theories taking into account the measurement problem in the growth regression. We find that estimates produced by HWALS provide intuitive and robust explanations. We also consider approximation techniques when the number of variables is large or when computing time is limited, and we propose possible strategies for sensitivity analysis.

Concept-Based Bayesian Model Averaging and Growth Empirics

Abstract: In specifying a regression equation, we need to determine which regressors to include, but also how these regressors are measured. This gives rise to two levels of uncertainty: concepts (level 1) and measurements within each concept (level 2). In this paper we propose a hierarchical weighted least squares (HWALS) method to address these uncertainties. We examine the effects of different growth theories taking into account the measurement problem in the growth regression. We find that estimates produced by HWALS provide intuitive and robust explanations. We also consider approximation techniques when the number of variables is large or when computing time is limited, and we propose possible strategies for sensitivity analysis

Resource Abundance and Resource Dependence in China

This paper reconsiders the ‘curse of resources’ hypothesis for the case of China, and distinguishes between resource abundance, resource rents, and resource dependence. Resource abundance and resource rents are shown to be approximately equivalent, and their association with resource dependence varies with institutional quality. Resource abundance/rents has a positive impact on economic growth, while resource dependence has a negative impact. The impact of the ‘West China Development Drive’ policy, started in 2000, is substantial, and this is investigated through a comparative analysis based on cross-section samples, and through a panel-data timevarying coefficient approach for West and East provinces. Resource effects do change after the policy shock.

Resource Abundance and Resource Dependence in China

This paper reconsiders the ‘curse of resources’ hypothesis for the case of China, and distinguishes between resource abundance, resource rents, and resource dependence. Resource abundance and resource rents are shown to be approximately equivalent, and their association with resource dependence varies with institutional quality. Resource abundance/rents has a positive impact on economic growth, while resource dependence has a negative impact. The impact of the ‘West China Development Drive’ policy, started in 2000, is substantial, and this is investigated through a comparative analysis based on cross-section samples, and through a panel-data timevarying coefficient approach for West and East provinces. Resource effects do change after the policy shock

Three-dimensional Ising model in the fixed-magnetization ensemble: a Monte Carlo study

We study the three-dimensional Ising model at the critical point in the fixed-magnetization ensemble, by means of the recently developed geometric cluster Monte Carlo algorithm. We define a magnetic-field-like quantity in terms of microscopic spin-up and spin-down probabilities in a given configuration of neighbors. In the thermodynamic limit, the relation between this field and the magnetization reduces to the canonical relation M(h). However, for finite systems, the relation is different. We establish a close connection between this relation and the probability distribution of the magnetization of a finite-size system in the canonical ensemble.Comment: 8 pages, 2 Postscript figures, uses RevTe

CMBfit: Rapid WMAP likelihood calculations with normal parameters

We present a method for ultra-fast confrontation of the WMAP cosmic microwave background observations with theoretical models, implemented as a publicly available software package called CMBfit, useful for anyone wishing to measure cosmological parameters by combining WMAP with other observations. The method takes advantage of the underlying physics by transforming into a set of parameters where the WMAP likelihood surface is accurately fit by the exponential of a quartic or sextic polynomial. Building on previous physics based approximations by Hu et.al., Kosowsky et.al. and Chu et.al., it combines their speed with precision cosmology grade accuracy. A Fortran code for computing the WMAP likelihood for a given set of parameters is provided, pre-calibrated against CMBfast, accurate to Delta lnL ~ 0.05 over the entire 2sigma region of the parameter space for 6 parameter ``vanilla'' Lambda CDM models. We also provide 7-parameter fits including spatial curvature, gravitational waves and a running spectral index.Comment: 14 pages, 8 figures, References added, accepted for publication in Phys.Rev.D., a Fortran code can be downloaded from http://space.mit.edu/home/tegmark/cmbfit

Study of Doubly Heavy Baryon Spectrum via QCD Sum Rules

In this work, we calculate the mass spectrum of doubly heavy baryons with the diquark model in terms of the QCD sum rules. The interpolating currents are composed of a heavy diquark field and a light quark field. Contributions of the operators up to dimension six are taken into account in the operator product expansion. Within a reasonable error tolerance, our numerical results are compatible with other theoretical predictions. This indicates that the diquark picture reflects the reality and is applicable to the study of doubly heavy baryons.Comment: 23 pages, 9 figures, minor corrections in expression

Fermionic and Bosonic Stabilizing Effects for Type I and Type II Dimension Bubbles

We consider two types of "dimension bubbles", which are viewed as 4d nontopological solitons that emerge from a 5d theory with a compact extra dimension. The size of the extra dimension varies rapidly within the domain wall of the soliton. We consider the cases of type I (II) bubbles where the size of the extra dimension inside the bubble is much larger (smaller) than outside. Type I bubbles with thin domain walls can be stabilized by the entrapment of various particle modes whose masses become much smaller inside than outside the bubble. This is demonstrated here for the cases of scalar bosons, fermions, and massive vector bosons, including both Kaluza-Klein zero modes and Kaluza-Klein excitation modes. Type II bubbles expel massive particle modes but both types can be stabilized by photons. Plasma filled bubbles containing a variety of massless or nearly massless radiation modes may exist as long-lived metastable states. Furthermore, in contrast to the case with a "gravitational bag", the metric for a fluid-filled dimension bubble does not exhibit a naked singularity at the bubble's center.Comment: 17 pages, no figs; to appear in Phys.Rev.