A Case Where Barro Expectations Are Not Rational

This note generalizes Feldstein’s (1976) criticism of Barro’s(1974) analysis for the case that the interest rate exceeds the growth rate. This is done by considering an economy in steady state where all agents hold “Barro expectations”: they believe that government debt must necessarily be repaid and therefore leave the present value of their income streams unchanged. In this scenario, a change in the mode of taxation affects the present value of disposable income in the private sector. This violates their Barro expectations

Characterization of Changes in Gluten Proteins in Low-Gliadin Transgenic Wheat Lines in Response to Application of Different Nitrogen Regimes

Gluten proteins are major determinants of the bread making quality of wheat but also of important gluten-related disorders. The gluten protein accumulation during grain filling is strongly influenced by nitrogen fertilization. We have characterized the gluten proteins in low-gliadin wheat lines as influenced by nitrogen treatments in two experiments. These transgenic lines, D783, D793, C655, D577, and E82 were obtained by using two different RNAi silencing fragments and two endosperm-specific promoters to drive the silencing fragments (d-hordein and γ-gliadin). In Experiment 1, we used three nitrogen fertilizer rates (120, 360, and 1080 mg N) added at sowing stage and combined with two sulfur rates (8 and 30 mg S); Experiment 2 included two nitrogen levels (120 and 1080 mg N), which were added according to the greatest demand per plant using split applications. The protein quantification was accomplished by Reverse-Phase High-Performance Liquid Chromatography and gluten content (ppm) determined using monoclonal antibody R5 (Competitive R5 ELISA). The results showed differences in protein accumulation between the two transgenic lines with the same silencing fragment but different promoter. Lines D793 and E82 showed low gliadin and an increment in glutenin content with increasing nitrogen. Competitive ELISA R5 showed a significant decrease in gluten content using split applications of nitrogen (Experiment 2) with 120 mg N compared to Experiment 1. In addition, line E82 ensures that variations in N fertilization will not result in increased gluten content.The Spanish Ministry of Economy and Competitiveness (Projects AGL2013-48946-C3-1-R and AGL2016-80566-P), the European Regional Development Fund (FEDER) and Junta de Andalucía (Project P11-AGR-7920) supported this work.Peer Reviewe

The impact of health on professionally active people's incomes in Poland. Microeconometric analysis

The outcome of the research confirms the occurrence of positive interaction between professionally active people's incomes and the self-assessed state of health. People declaring a bad state of health have incomes by 20% on average lower than people who enjoy good health (assuming that the remaining characteristics of the surveyed person are the same). In case of men, the impact of health state on incomes is slightly greater than in case of women.Wyniki badań potwierdzają istnienie pozytywnej zależności dochodów osób aktywnych zawodowo od stanu zdrowia mierzonego jego samooceną. Osoby deklarujące zły stan zdrowia osiągają dochody przeciętnie o 20% niższe niż osoby, które cieszą się dobrym stanem zdrowia (przy założeniu, że pozostałe charakterystyki badanej osoby są takie same). W przypadku mężczyzn zależność dochodów od stanu zdrowia jest nieznacznie silniejsza niż w przypadku kobiet

L'aklui sec : un nouveau produit de petit déjeuner prêt à l'emploi : expérience d'une production artisanale au Bénin

L'aklui est une bouillie traditionnelle béninoise préparée à base de farine de maïs fermentée et granulée. A Cotonou, l'aklui est consommé par une grande partie de la population, essentiellement au petit déjeuner. L'aklui est rarement préparé par les ménagères mais plutôt acheté auprès de productrices et vendeuses. Toutefois, la fréquence de consommation diminue avec le niveau d'instruction et d'équipement des ménages du fait d'une méfiance des consommateurs vis à vis de la qualité du produit. La production actuelle d'aklui est uniquement artisanale ; chaque productrice vend quotidiennement une trentaine de kilogrammes de bouillie fraîche. La faible conservation de la bouillie, trois heures maximum, constitue aussi un frein au développement du produit. Face à ces contraintes, une production d'aklui stabilisé, séché prêt à l'emploi, a été développée et une unité semi-industrielle pilote, partiellement mécanisée, a été mise en oeuvre pour tester le marché de ce nouveau produit. L'aklui séché a été bien accueilli par les consommateurs. Il a même suscité l'apparition d'unités de production concurrentes. Après quatre années de fonctionnement, le bilan financier de l'unité pilote est satisfaisant. Toutefois, le passage à une unité commerciale indépendante nécessitera de résoudre, à un moindre coût, quelques contraintes techniques de productio

Spatially resolved kinematics in the central 1 kpc of a compact star-forming galaxy at z=2.3 from ALMA CO observations

We present high spatial resolution (FWHM$\sim$0.14'') observations of the CO($8-7$) line in GDS-14876, a compact star-forming galaxy at $z=2.3$ with total stellar mass of $\log(M_{\star}/M_{\odot})=10.9$. The spatially resolved velocity map of the inner $r\lesssim1$~kpc reveals a continous velocity gradient consistent with the kinematics of a rotating disk with $v_{\rm rot}(r=1\rm kpc)=163\pm5$ km s$^{-1}$ and $v_{\rm rot}/\sigma\sim2.5$. The gas-to-stellar ratios estimated from CO($8-7$) and the dust continuum emission span a broad range, $f^{\rm CO}_{\rm gas}=M_{\rm gas}/M_{\star}=13-45\%$ and $f^{\rm cont}_{\rm gas}=50-67\%$, but are nonetheless consistent given the uncertainties in the conversion factors. The dynamical modeling yields a dynamical mass of$\log(M_{\rm dyn}/M_{\odot})=10.58^{+0.5}_{-0.2}$ which is lower, but still consistent with the baryonic mass, $\log$(M$_{\rm bar}$= M$_{\star}$ + M$^{\rm CO}_{\rm gas}$/M$_{\odot}$)$=11.0$, if the smallest CO-based gas fraction is assumed. Despite a low, overall gas fraction, the small physical extent of the dense, star-forming gas probed by CO($8-7$), $\sim3\times$ smaller than the stellar size, implies a strong concentration that increases the gas fraction up to $f^{\rm CO, 1\rm kpc}_{\rm gas}\sim 85\%$ in the central 1 kpc. Such a gas-rich center, coupled with a high star-formation rate, SFR$\sim$ 500 M$_{\odot}$ yr$^{-1}$, suggests that GDS-14876 is quickly assembling a dense stellar component (bulge) in a strong nuclear starburst. Assuming its gas reservoir is depleted without replenishment, GDS-14876 will quickly ($t_{\rm depl}\sim27$ Myr) become a compact quiescent galaxy that could retain some fraction of the observed rotational support.Comment: Accepted for Publication in ApJL. Kinematic maps are shown in Figures 2 and

Constraining The Assembly Of Normal And Compact Passively Evolving Galaxies From Redshift z=3 To The Present With CANDELS

We study the evolution of the number density, as a function of the size, of passive early-type galaxies with a wide range of stellar masses 10^10<M*/Msun<10^11.5) from z~3 to z~1, exploiting the unique dataset available in the GOODS-South field, including the recently obtained WFC3 images as a part of the Cosmic Assembly Near-infrared Deep Extragalactic Legacy Survey (CANDELS). In particular, we select a sample of 107 massive (M*>10^10 M_sun), passive (SSFR<10^-2 Gyr^-1) and morphologically spheroidal galaxies at 1.2<z<3, taking advantage of the panchromatic dataset available for GOODS, including VLT, CFHT, Spitzer, Chandra and HST ACS+WFC3 data. We find that at 1<z<3 the passively evolving early-type galaxies are the reddest and most massive objects in the Universe, and we prove that a correlation between mass, morphology, color and star-formation activity is already in place at that epoch. We measure a significant evolution in the mass-size relation of passive early-type galaxies (ETGs) from z~3 to z~1, with galaxies growing on average by a factor of 2 in size in a 3 Gyr timescale only. We witness also an increase in the number density of passive ETGs of 50 times over the same time interval. We find that the first ETGs to form at z>2 are all compact or ultra-compact, while normal sized ETGs (meaning ETGs with sizes comparable to those of local counterparts of the same mass) are the most common ETGs only at z<1. The increase of the average size of ETGs at 0<z<1 is primarily driven by the appearance of new large ETGs rather than by the size increase of individual galaxies.Comment: 9 pages, 5 figures, submitted to Ap

Investigating evidence for different black hole accretion modes since redshift z~1

Chandra data in the COSMOS, AEGIS-XD and 4Ms CDFS are combined with optical/near-IR photometry to determine the rest-frame U-V vs V-J colours of X-ray AGN hosts at mean redshifts 0.40 and 0.85. This combination of colours (UVJ) provides an efficient means of separating quiescent from star-forming, including dust reddened, galaxies. Morphological information emphasises differences between AGN split by their UVJ colours. AGN in quiescent galaxies are dominated by spheroids, while star-forming hosts are split between bulges and disks. The UVJ diagram of AGN hosts is then used to set limits on the accretion density associated with evolved and star-forming systems. Most of the black hole growth since z~1 is associated with star-forming hosts. Nevertheless, ~15-20% of the X-ray luminosity density since z~1, is taking place in the quiescent region of the UVJ diagram. For the z~0.40 subsample, there is tentative evidence (2sigma significance), that AGN split by their UVJ colours differ in Eddington ratio. AGN in star-forming hosts dominate at high Eddington ratios, while AGN in quiescent hosts become increasingly important as a fraction of the total population toward low Eddington ratios. At higher redshift, z~0.8, such differences are significant at the 2sigma level only at Eddington ratios >1e-3. These findings are consistent with scenarios in which diverse accretion modes are responsible for the build-up of SMBHs at the centres of galaxies. We compare our results with the GALFORM semi-analytic model, which postulates two black hole fuelling modes, the first linked to star-formation and the second occuring in passive galaxies. GALFORM predicts a larger fraction of black hole growth in quiescent galaxies at z<1, compared to the data. Relaxing the strong assumption of the model that passive AGN hosts have zero star-formation rate could reconcile this disagreement.Comment: MNRAS accepte

Inequality, Fiscal Capacity and the Political Regime: Lessons from the Post-Communist Transition

Using panel data for twenty-seven post-communist economies between 1987-2003, we examine the nexus of relationships between inequality, fiscal capacity (defined as the ability to raise taxes efficiently) and the political regime. Investigating the impact of political reform we find that full political freedom is associated with lower levels of income inequality. Under more oligarchic (authoritarian) regimes, the level of inequality is conditioned by the state’s fiscal capacity. Specifically, oligarchic regimes with more developed fiscal systems are able to defend the prevailing vested interests at a lower cost in terms of social injustice. This empirical finding is consistent with the model developed by Acemoglu (2006). We also find that transition countries undertaking early macroeconomic stabilisation now enjoy lower levels of inequality; we confirm that education fosters equality and the suggestion of Commander et al (1999) that larger countries are prone to higher levels of inequality.http://deepblue.lib.umich.edu/bitstream/2027.42/57211/1/wp831 .pd