Aid Volatility, Policy and Development

We build on Bulir and Hamann's analysis of aid volatility (2003, 2005), showing that the conclusions reached depend on the dataset used. Their argument that the poorest countries have the highest volatility appears not to be correct. The impact of volatility on growth is negative overall, but differs between positive and negative volatility. The mix between `responsive´ components of aid, e.g. programme aid, and `proactive´ components, e.g. technical assistance, is important. Finally, we conclude that measures which increase trust between donor and recipient, and reductions in the degree of donor `oligopoly´, reduce aid volatility without obviously reducing its effectiveness

Capital controls re-examined: the case for ‘smart’ controls

The global financial crisis which began in east Asia in 1997 is not over, neither is the inquest into its implications for adjustment policy. In the wake of this crisis, we focus here on the role of capital controls, which formed a much publicised part of the crisis-coping strategy in one country (Malaysia) and, less openly, were also deployed by other crisis-afflicted countries. Evaluation so far has examined different target variables with different estimation methods, generally concentrating on efficiency and stability indicators and ignoring equity measures; it has also typically treated `control´ as a one-zero dummy variable, ignoring the `quality´ of intervention and in particular the extent to which efficiency gains are obtained in exchange for controls. Partly because of these limitations, the literature has reached no consensus on the impact of controls, nor therefore about where they fit within the set of post-crisis defence mechanisms. We propose an approach in which the government plays off short-term political security against long-term economic gain; the more insecure its political footing, the greater the weight it gives to political survival, which is likely to increase the probability of controls being imposed. The modelling of this approach generates a governmental `policy reaction function´ and an impact function for controls, which are estimated by simultaneous panel-data methods across a sample of thirty developing and transitional countries between 1980-2003, using, for the period since 1996, the `new´ IMF dataset which differentiates between controls by type. We find that controls appear to cause increases in income equality, and are significantly associated with political insecurity and relatively low levels of openness to trade. They do not, in our analysis, materially influence the level of whole-economy productivity or GDP across the sample of countries examined, although they do influence productivity in particular sectors, in particular manufacturing. But the dispersion around this central finding is wide: the tendency for controls to depress productivity by encouraging rent-seeking sometimes is, and sometimes is not, counteracted by purposive government policy actions to maintain competitiveness. Whether or not this happens – whether, as we put it, controls are `smart´, and the manner in which they are smartened - is vital, on both efficiency and equity grounds. We devise a formula for, and make the case for capital controls which are time-limited, and contain an inbuilt incentive to increased productivity, as a means of improving the sustainability and equity of the adjustment process whilst keeping to a minimum the cost in terms of productive efficiency

Can Micro Health Insurance Reduce Poverty? Evidence from Bangladesh

This paper examines the impact of micro health insurance on poverty reduction in rural areas of Bangladesh. The research is based on household level primary data collected from the operating areas of the Grameen Bank during 2006. A number of outcome measures relating to poverty status are considered; these include household income, stability of household income via food sufficiency and ownership of non-land assets, and also the probability of being above or below the poverty line. The results show that micro health insurance has a positive association with all of these indicators, and this is statistically significant and quantitatively important for food sufficiency

Evaluating the Health Effects of Micro Health Insurance Placement: Evidence from Bangladesh

We examine the impact of micro health insurance placement on health awareness, healthcare utilization and health status of microcredit members in rural Bangladesh, using data from 329 households in the operating areas of Grameen Bank. The results are based on econometric analysis conditioned on placement of the scheme, and show that placement has a positive association with all of the outcomes. The results are statistically significant for health awareness and healthcare utilization, but not for heath status. Our study makes an important contribution to the literature as it provides evidence on the impact of MHI on a broad set of health outcomes

Pure single photon generation by type-I PDC with backward-wave amplification

We explore a promising method of generating pure heralded single photons. Our approach is based on parametric downconversion in a periodically-poled waveguide. However, unlike conventional downconversion sources, the photon pairs are counter-propagating: one travels with the pump beam in the forward direction while the other is backpropagating towards the laser source. Our calculations reveal that these downconverted two-photon states carry minimal spectral correlations within each photon-pair. This approach offers the possibility to employ a new range of downconversion processes and materials like PPLN (previously considered unsuitable due to their unfavorable phasematching properties) to herald pure single photons over a broad frequency range.Comment: 8 pages, 3 figures, minor text changes and reformattin

Performance-Related Specifications for Concrete Bridge Superstructures, Volume 3: Nonmetallic Reinforcement

In Volume 3 of the final report, research work conducted to investigate the behavior of fiber reinforced polymer (FRP) reinforcement is summarized. This study focused on the behavior of FRP reinforced concrete structures with an emphasis on bond and shear. For the bond investigation, three series of beam splice tests were performed on specimens reinforced with steel, glass FRP, and aramid FRP to determine the effect of the different types of reinforcement on bond, cracking, and deflections. The test results indicate that the use of FRP reinforcement leads to lower bond strengths and, therefore, require longer development lengths. The specimen crack widths and deflections were substantially larger for FRP specimens than steel specimens due to the significantly lower modulus of elasticity. Analysis of the test results resulted in recommendations for modifying the empirical development length equation of ACI 318- 99 design code for use with FRP reinforcement. For the shear investigation, two series of beam tests were conducted on specimens reinforced with steel, glass FRP, and aramid FRP to determine the effect of the different types of reinforcement on the concrete shear strength. All specimens did not contain transverse reinforcement. The test results indicate that the use of FRP reinforcement leads to lower concrete shear strengths than steel reinforcement for equal reinforcement cross-sectional areas (longitudinal reinforcement percentages). Analysis of the test results resulted in recommendations for the calculation of concrete shear strength. Based on the findings of this research, design and construction recommendations are provided that can be used for the design and construction of FRP reinforced bridge decks

Accessing the purity of a single photon by the width of the Hong-Ou-Mandel interference

We demonstrate a method to determine the spectral purity of single photons. The technique is based on the Hong-Ou-Mandel (HOM) interference between a single photon state and a suitably prepared coherent field. We show that the temporal width of the HOM dip is not only related to reciprocal of the spectral width but also to the underlying quantum coherence. Therefore, by measuring the width of both the HOM dip and the spectrum one can directly quantify the degree of spectral purity. The distinct advantage of our proposal is that it obviates the need for perfect mode matching, since it does not rely on the visibility of the interference. Our method is particularly useful for characterizing the purity of heralded single photon states.Comment: Extended version, 16 pages, 9 figure

Intrinsically narrowband pair photon generation in microstructured fibres

In this paper we study the tailoring of photon spectral properties generated by four-wave mixing in a birefringent photonic crystal fibre (PCF). The aim is to produce intrinsically narrow-band photons and hence to achieve high non-classical interference visibility and generate high fidelity entanglement without any requirement for spectral filtering, leading to high effective detection efficiencies. We show unfiltered Hong-Ou-Mandel interference visibilities of 77% between photons from the same PCF, and 80% between separate sources. We compare results from modelling the PCF to these experiments and analyse photon purities.Comment: 23 pages, 17 figures, Comments Welcom