We estimate the development effects of electrification across Brazil over the period 1960–2000. We simulate a time series of hypothetical electricity grids for Brazil for the period 1960–2000 that show how the grid would have evolved had infrastructure investments been made based solely on geography-based cost considerations. Using the model as an instrument, we document large positive effects ...

The analysis of land investment and tenure security usually assumes land scarcity. However, some developing countries have communities with land abundance. This article therefore examines the effects of land abundance for investment and tenure security. The paper develops a formal test of land abundance and estimates a system of three simultaneous equations. The empirical analysis uncovers sign...

In this note we study the distortions in an endogenous growth model developed by Grimaud and Tournemaine (2007), where new pieces of knowledge are produced in a R&D sector and used to reduce pollution emissions. Using this model along with a realistic calibration, we conclude that the economy strongly underinvests in R&D, such that the policy maker would need to implement a strong tax-subsidy s...

Cuticular hydrocarbons from the ponerine ant Ectatomma ruidum Roger and a highly integrated eucharitid myrmecophile, Kapala sulcifacies (Cameron), associated with it, have been characterized. Ninety hydrocarbons were identiÞed from the ant, 55 hydrocarbons from the female wasp and 54 hydrocarbons from the male wasp. The wasps and ants share 40 hydrocarbons. These shared 40 hydrocarbons represen...

We determine under which conditions three bivariate copulas C12, C13 and C23 are compatible, viz. they are the bivariate marginals of the same trivariate copula C̃, and, then, construct the class of these copulas. In particular, the upper and lower bounds for this class of trivariate copulas are determined.

We use a panel of 155 countries for 1970-2010 to study (two-way) causality between government spending, revenue and growth. Our results suggest the existence of weak evidence supporting causality from expenditures or revenues to GDP per capita and provide evidence supporting Wagner’s Law. JEL: C23, E62, H50.

The ability of rat liver microsomes to catalyze UDP-glucuronic acid-dependent glucuronidation of monohydroxy-bile acids was examined. The following bile acids were used as substrates, each as the 3 alpha and 3 beta epimer: 3-hydroxy-5 beta-cholanoic acid (C24), 3-hydroxy-5 beta-norcholanoic acid (C23), 3-hydroxy-5 beta-bisnorcholanoic acid (C22), 3-hydroxy-5 beta-pregnan-21-oic acid (C21), and ...

This paper derives consistent standard errors for a panel Tobit model in the presence of correlated errors. The problem is framed in the context of Newey and West (1987), considering the Tobit model as a special case of a GMM estimator. JEL codes: C23, C24

This paper proposes that Colonialism is a major explanation behind today’s differences in Income Inequality among countries. We argue that colonies that received an important number of European settlers were characterized by a concentration of economic and political power in the hands of these last ones. Moreover, European settlers later achieved independence from the metropolis and were able t...