This paper focuses on the coordination problem among borrowing countries imposing controls on capital infl ows. In a simple model of capital flows and controls, we show that inflow restrictions distort international capital flows to other countries and that, in turn, such capital flow deflection may lead to a policy response. We then test the theory using data on inflow restrictions and gross capital inflows for a large sample of developing countries between 1995 and 2009. Our estimation yields strong evidence that capital controls deflect capital flows to other borrowing countries with similar economic characteristics. Notwithstanding these strong cross-border spillover effects, we do not find evidence of a policy response.
This paper studies the relationship between trade policy and food prices. We show that, when individuals are loss averse, governments may use trade policy to shield the domestic economy from large food price shocks. This creates a complementarity between the price of food in international markets and trade policy. Specifically, unilateral actions give rise to a "multiplier effect": when a shock drives up the price of food, exporters respond by imposing restrictions while importers wind down protection, thus exacerbating the initial shock and soliciting further trade policy activism. We test the key prediction of the theory with a new dataset that comprises monthly information on trade measures across 77 countries and 33 food products for the period 2008-11, finding evidence of a multiplier effect in food trade policy. These findings contribute to inform the broader debate on the proper regulation of food trade policy within the multilateral trading system.
The purpose of this book is to thoroughly prepare the reader for applied research in clustering. Cluster analysis comprises a class of statistical techniques for classifying multivariate data into groups or clusters based on their similar features. Clustering is nowadays widely used in several domains of research, such as social sciences, psychology, and marketing, highlighting its multidisciplinary nature. This book provides an accessible and comprehensive introduction to clustering and offers practical guidelines for applying clustering tools by carefully chosen real-life datasets and extensive data analyses. The procedures addressed in this book include traditional hard clustering methods and up-to-date developments in soft clustering. Attention is paid to practical examples and applications through the open source statistical software R. Commented R code and output for conducting, step by step, complete cluster analyses are available. The book is intended for researchers interested in applying clustering methods. Basic notions on theoretical issues and on R are provided so that professionals as well as novices with little or no background in the subject will benefit from the book.
Among the elements of forest biodiversity, vegetation, including epiphytes, is the foundation of ecosystem functioning and primary production. Basic features for harmonized large-scale and intensive monitoring of vascular plants, cryptogams, and epiphytic lichens are presented. For the assessment of ground vegetation on the European scale, a minimum, single-scale approach (with a common sampling area of 400-m2) is suggested to produce sets of presence–absence and relative cover data. This common frame can accommodate national designs. For epiphytic lichens, sampling follows a standard procedure for tree selection after stratification by bark type. On each tree, four vertical grids of five 10×10cm contiguous quadrates are used to record the species occurrence. Monitoring parameters and timing of surveys, transformation of different abundance scales, and the need for continuously updated nomenclature are also discussed. Examples of transnational results (e.g., functional groups for both lichen and vascular plants and nitrogen deposition) are presented which demonstrate the importance and value of harmonized monitoring data.
It is only recently that the orthopaedic world has begun to turn its attention to traumatic pathology of the posterior cruciate ligament. This ligament is the most important of the knee in terms of dimensions and mechanical properties, however, has been historically considered of insufficient clinical and surgical importance. Various factors have contributed to such an erroneous evaluation, such as: insufficient knowledge of joint biomechanics, lower traumatic incidence, and generally unsatisfactory results of its surgical treatment. Scientific literature in recent years has become enriched by new knowledge, especially in the anatomical and biomechanical fields, which have changed many of the past convictions. The authors have intentionally presented a panoramic view, as extensive and current as possible, pertaining to the pathology of the posterior cruciate ligament and have included important experts in the field in this published work. They have been asked to trace an agile educational path with the aim to guide the reader with a complete understanding of the topic. Particular attention has been dedicated to new knowledge of anatomy and biomechanics, in that they constitute the necessary foundations of medical science that are often neglected, especially in post-operative evaluation and rehabilitation. Surgical methodology has been described in every detail by each author, highlighting their advantages and risks, with the goal to supply the reader with a complete vision of the various techniques currently available in ligament reconstruction. Particular acknowledgement goes to the Publisher for his sensitivity to our requests, and for extensive freedom in the iconography that renders the text immediate and easy to understand. The authors are aware that future advancements in the subject presented will render some chapters in this work obsolete, but hope that the topics discussed can be of reference to clinicians and a stimulus for researchers interested in this work that J S Torg defined only a few years ago as "the last mystery of the knee".
This paper studies the relationship between trade policy and food prices. We show that, when individuals are loss averse, governments may use trade policy to shield the domestic economy from large food price shocks. This creates a complementarity between the price of food in international markets and trade policy. Specifically, unilateral actions give rise to a "multiplier effect": when a shock drives up the price of food, exporters respond by imposing restrictions while importers wind down protection, thus exacerbating the initial shock and soliciting further trade policy activism. We test the key prediction of the theory with a new dataset that comprises monthly information on trade measures across 77 countries and 33 food products for the period 2008-11, finding evidence of a multiplier effect in food trade policy. These findings contribute to inform the broader debate on the proper regulation of food trade policy within the multilateral trading system.
The purpose of this book is to thoroughly prepare the reader for applied research in clustering. Cluster analysis comprises a class of statistical techniques for classifying multivariate data into groups or clusters based on their similar features. Clustering is nowadays widely used in several domains of research, such as social sciences, psychology, and marketing, highlighting its multidisciplinary nature. This book provides an accessible and comprehensive introduction to clustering and offers practical guidelines for applying clustering tools by carefully chosen real-life datasets and extensive data analyses. The procedures addressed in this book include traditional hard clustering methods and up-to-date developments in soft clustering. Attention is paid to practical examples and applications through the open source statistical software R. Commented R code and output for conducting, step by step, complete cluster analyses are available. The book is intended for researchers interested in applying clustering methods. Basic notions on theoretical issues and on R are provided so that professionals as well as novices with little or no background in the subject will benefit from the book.
This paper focuses on the coordination problem among borrowing countries imposing controls on capital infl ows. In a simple model of capital flows and controls, we show that inflow restrictions distort international capital flows to other countries and that, in turn, such capital flow deflection may lead to a policy response. We then test the theory using data on inflow restrictions and gross capital inflows for a large sample of developing countries between 1995 and 2009. Our estimation yields strong evidence that capital controls deflect capital flows to other borrowing countries with similar economic characteristics. Notwithstanding these strong cross-border spillover effects, we do not find evidence of a policy response.
Among the elements of forest biodiversity, vegetation, including epiphytes, is the foundation of ecosystem functioning and primary production. Basic features for harmonized large-scale and intensive monitoring of vascular plants, cryptogams, and epiphytic lichens are presented. For the assessment of ground vegetation on the European scale, a minimum, single-scale approach (with a common sampling area of 400-m2) is suggested to produce sets of presence–absence and relative cover data. This common frame can accommodate national designs. For epiphytic lichens, sampling follows a standard procedure for tree selection after stratification by bark type. On each tree, four vertical grids of five 10×10cm contiguous quadrates are used to record the species occurrence. Monitoring parameters and timing of surveys, transformation of different abundance scales, and the need for continuously updated nomenclature are also discussed. Examples of transnational results (e.g., functional groups for both lichen and vascular plants and nitrogen deposition) are presented which demonstrate the importance and value of harmonized monitoring data.
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