4,160 research outputs found

    Trade costs, 1870–2000

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    What has driven trade booms and trade busts in the past century and a half? Was it changes in global output or in the costs of international trade? To address this question, we derive a micro-founded measure of aggregate bilateral trade costs based on a standard model of trade in differentiated goods. These trade costs gauge the difference between observed bilateral trade and frictionless trade in terms of an implied markup on retail prices of foreign goods. Thus, we are able to estimate the combined magnitude of tariffs, transportation costs, and all other macroeconomic frictions that impede international trade but that are inherently difficult to observe. We use this measure to examine the growth of global trade between 1870 and 1913, its retreat from 1921 to 1939, and its subsequent rise from 1950 to 2000. We find that trade cost declines explain roughly 55 percent of the pre–World War I trade boom and 33 percent of the post–World War II trade boom, while a precipitous rise in trade costs explains the entire interwar trade bust

    Trigonometric Parallaxes for 1,507 Nearby Mid-to-Late M-dwarfs

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    The MEarth survey is a search for small rocky planets around the smallest, nearest stars to the Sun as identified by high proper motion with red colors. We augmented our planetary search time series with lower cadence astrometric imaging and obtained two million images of approximately 1800 stars suspected to be mid-to-late M dwarfs. We fit an astrometric model to MEarth's images for 1507 stars and obtained trigonometric distance measurements to each star with an average precision of 5 milliarcseconds. Our measurements, combined with the 2MASS photometry, allowed us to obtain an absolute K_s magnitude for each star. In turn, this allows us to better estimate the stellar parameters than those obtained with photometric estimates alone and to better prioritize the targets chosen to monitor at high cadence for planetary transits. The MEarth sample is mostly complete out to a distance of 25 parsecs for stars of type M5.5V and earlier, and mostly complete for later type stars out to 20 parsecs. We find eight stars that are within ten parsecs of the Sun for which there did not exist a published trigonometric parallax distance estimate. We release with this work a catalog of the trigonometric parallax measurements for 1,507 mid-to-late M-dwarfs, as well as new estimates of their masses and radii.Comment: ApJ, accepted. 36 pages, 8 figures, 2 tables. Please find our data table here: http://www.cfa.harvard.edu/MEarth/DataDR2.htm

    Proximity-Coupled Ti/TiN Multilayers for use in Kinetic Inductance Detectors

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    We apply the superconducting proximity effect in TiN/Ti multi-layer films to tune the critical temperature, Tc, to within 10 mK with high uniformity (less than 15 mK spread) across a 75 mm wafer. Reproducible Tc's are obtained from 0.8 - 2.5 K. These films had high resistivities, > 100 uOhm-cm and internal quality factors for resonators in the GHz range on the order of 100k and higher. Both trilayers of TiN/Ti/TiN and thicker superlattice films were prepared, demonstrating a highly controlled process for films over a wide thickness range. Detectors were fabricated and showed single photon resolution at 1550 nm. The high uniformity and controllability coupled with the high quality factor, kinetic inductance, and inertness of TiN make these films ideal for use in frequency multiplexed kinetic inductance detectors and other potential applications such as nanowire detectors, transition edge sensors and associated quantum information applications

    A Search for Additional Bodies in the GJ 1132 Planetary System from 21 Ground-based Transits and a 100 Hour Spitzer Campaign

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    We present the results of a search for additional bodies in the GJ 1132 system through two methods: photometric transits and transit timing variations of the known planet. We collected 21 transit observations of GJ 1132b with the MEarth-South array since 2015. We obtained 100 near-continuous hours of observations with the SpitzerSpitzer Space Telescope, including two transits of GJ 1132b and spanning 60\% of the orbital phase of the maximum period at which bodies coplanar with GJ 1132b would pass in front of the star. We exclude transits of additional Mars-sized bodies, such as a second planet or a moon, with a confidence of 99.7\%. When we combine the mass estimate of the star (obtained from its parallax and apparent KsK_s band magnitude) with the stellar density inferred from our high-cadence SpitzerSpitzer light curve (assuming zero eccentricity), we measure the stellar radius of GJ 1132 to be 0.21050.0085+0.0102R0.2105^{+0.0102}_{-0.0085} R_\odot, and we refine the radius measurement of GJ 1132b to 1.130±0.056R1.130 \pm 0.056 R_\oplus. Combined with HARPS RV measurements, we determine the density of GJ 1132b to be 6.2±2.06.2 \pm 2.0\ g cm3^{-3}, with the mass determination dominating this uncertainty. We refine the ephemeris of the system and find no evidence for transit timing variations, which would be expected if there was a second planet near an orbital resonance with GJ 1132b.Comment: 29 pages, 4 Tables, 8 Figures, Submitted to ApJ. Comments welcom
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