This study examines the effects of cross-border flows – FDI, FPI, and FBL – on growth and savings rates using data on 56 countries from 1969 through 1998. Very generally, few flow measures are significant determinants of real variables. However, consideration of the initial level of financial depth – including measures of private credit, bank lending, and stock market development – seems to pro...

Impairment of RNA editing at a handful of coding sites causes severe disorders, prompting the view that coding RNA editing is highly advantageous. Recent genomic studies have expanded the list of human coding RNA editing sites by more than 100 times, raising the question of how common advantageous RNA editing is. Analyzing 1,783 human coding A-to-G editing sites, we show that both the frequency...

Bolt and Tieman (2008) suggested that profit function non-concavities may account for the prevalence of skewed pricing by two-sided platform businesses. In the Rochet-Tirole (2003) model, however non-concavity is not necessary for highly skewed pricing. Ubiquitous high pass-through rates are sufficient but implausible. In the Armstrong (2006) model, non-concavity is neither necessary nor suffic...

Importance analysis of noncoherent systems is limited, and is generally inaccurate because all measures of importance that have been developed are strictly for coherent analysis. This paper considers the probabilistic measure of component importance developed by Birnbaum (1969). An extension of this measure is proposed which enables noncoherent importance analysis. As a result of the proposed e...

In this work, we study non-equilibrium dynamics in Floquet conformal field theories (CFTs) 1+1D, which the driving Hamiltonian involves energy-momentum density spatially modulated by an arbitrary smooth function. This generalizes earlier work was restricted to sine-square deformed type of Hamiltonians, operating within a \mathfrak{sl}_2 <mml:math xmlns:mml="http://www.w3.org/1998/Math/MathML" d...