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We examine the effects of mining booms in Indonesia on labor market outcomes using exogenous price changes and 452 mines. We do this using labor force surveys between the years 1998 and 2011, and four waves of individual panel data between 1997 and 2014. Surprisingly, female incomes grow during mining booms, not because women work more, but because their work moves from the agricultural to the service sector where paid work is more common. Men experience mixed labor market changes. High average mining incomes attract male labor to mining districts, allowing for some adjustment of labor supply to demand. Suggestive evidence also shows that informal work increases marginally for men, potentially in auxiliary mining jobs. A male dominated industry that supports economic opportunities for women can unexpectedly benefit women as well.
Structure-switching aptamers have become ubiquitous in several applications, notably in analytical devices such as biosensors, due to their ease of supporting strong signaling. Aside from their ability to bind specifically with their respective target, this class of aptamers also undergoes a conformational rearrangement upon target recognition. While several well-studied and early-developed aptamers (e.g., cocaine, ATP, and thrombin) have been found to have this structure-switching property, the vast majority do not. As a result, it is common to try to engineer aptamers into switches. This proves challenging in part because of the difficulty in obtaining structural and functional information about aptamers. In response, we review various readily available biophysical characterization tools that are capable of assessing structure switching of aptamers. In doing so, we delve into the fundamentals of these different techniques and detail how they have been utilized in characterizing structure-switching aptamers. While each of these biophysical techniques alone has utility, their real power to demonstrate the occurrence of structural change with ligand binding is when multiple techniques are used. We hope that through a deeper understanding of these techniques, researchers will be better able to acquire biophysical information about their aptamer–ligand systems and accelerate the translation of aptamers into biosensors.
The pathways to economic development are changing. Environmental sustainability is no longer a choice but a necessity to maintain a competitive edge in the global economy. Just like in nature, where survival hinges on adaptation, this Element shows how nations adjust to -and take advantage of- the new dynamics of structural transformation induced by climate change.First, by analysing the uneven industrial geography of decarbonisation, the inadequate state of climate financing and rise of green protectionism, it demonstrates that the low-carbon economy stands to increase economic disparities between nations, unless action is taken. Then, by examining green industrial policies and their varied success, it explains how governments can still join the green industrialisation race. Finally, it examines how to adapt green industrial policy to different starting points, market sizes, productive structures, state-business relations dynamics, institutional layouts, and ecological contexts. This title is also available as Open Access on Cambridge Core.
This chapter examines the main stages of economic growth and structural change in the Portuguese and Spanish economies and explains the main differences between them and the core European countries. Besides presenting these stages, the chapter also measures the contribution of structural change to economic growth in the long term. Then, the chapter disaggregates further within the three sectors to determine the leading industries at each stage of economic transformation. Finally, the contribution of these sectors to economic growth is studied. Both Iberian countries were latecomers in industrialization and also in agricultural success. With a late start in the mid-nineteenth century in relation to the core European countries, due to both poor factor endowments and institutions, they advanced in terms of structural change during the interwar period and experienced post-1950 growth miracles. Major changes took place when technological change and foreign markets were adapted to their factor endowments. The main differences were the slow path of Portugal in relation to Spain, structural change was less important, with agriculture having a lower (higher) and services a higher (lower) share of GDP and employment during the nineteenth century with the opposite being the case in the twentieth century respectively.
This chapter provides a comprehensive framework to understand and quantify structural bottlenecks in a setting of multidimensional sustainable development. First, we formalise the idea of an idiosyncratic bottleneck when thinking in a hypothetical situation where a government has all the necessary resources to guarantee the success of its existing programmes (i.e., the budgetary frontier). Second, we compare the development gaps between the baseline and counterfactual outputs to assess how sensitive are the different indicators when they operate at the budgetary frontier. Third, we combine this information with the historical performance of indicators to develop a methodology that identifies idiosyncratic bottlenecks. Finally, we elaborate on a flagging system to differentiate between idiosyncratic bottlenecks according to the ‘urgency’ to unblock them.
This study investigates the relationship between occupational skills and wages in Thailand using the Labour Force Survey from 1985 to 2020. We quantify the contribution of changes in the skill requirement and highlight the increase in the return on the ‘brain’ and the decrease in the penalty on ‘brawn’, which helps explain the wage distribution changes across periods. We further explore the polarisation in the labour market and analyse the changes in the wage distribution by applying the decomposition method proposed by Firpo et al (2009). Our results suggest that wage dispersion increases in the top end over the first two time periods but decreases in the third time period, while it continues to decrease in the lower end of the distribution.
Parts of Europe experienced from the seventeenth century a rapid growth in economic activity, in a combination of scientific discoveries and colonial conquest and exploitation. In a series of processes, some of them with medieval roots, populations and economic output (approximated in terms of monetary transactions) increased exponentially, first in Europe and its offshoots, then in the 20th century also elswhere. Humanity had entered the Anthropocene. Patterns of economic activity changed from agriculture to manufacturing, then to services. Trade connections multiplied in waves of globalization. Economic inequality within and between countries rose significantly during most of these centuries; it was greatly influenced by the rapid economic growth in China. The industrialization had great and harmful impacts on Nature, in the form of massive changes in landscapes and of pollution of air, water and soils. This is considered in detail in the chapters on food, water, energy and materials.
Advocating a gender-inclusive approach to the history of work, this book both counts and accounts for women's as well as men's economic activity. Showcasing novel conceptual, methodological and empirical perspectives, it highlights the transformative potential of including women's work in wider assessments of continuity and change in economic performance. Focusing on the period of European history (1500-1800) that generated unprecedented growth in the northwest – which, in turn, was linked to the global redistribution of resources and upon which industrialisation depended – the book spans key arenas in which women produced change: households, care, agriculture, rural manufacture, urban markets, migration, and war. The analysis refutes the stubborn contention of mainstream economic history that we can generalise about economic performance by focusing solely on the work of adult men and demonstrates that women were active agents in the early modern economy rather than passively affected by changes wrought upon them.
India’s phenomenal service-led growth in recent decades has generated debate on the role of services vis-à-vis manufacturing as the engine of growth. With the rapidly increasing importance of Information and Communication Technology (ICT) in global production systems since the 1990s, there have been claims of services having developed a growth dynamism similar to manufacturing. This article examines the role of services in India’s growth process using the concept of inter-sectoral linkages to make comparison with the role of manufacturing. Input-Output linkages and time series analysis reveal that services have been much less integrated in India’s production structure than manufacturing. They were also less important in generating indirect employment spillovers through sectoral linkages, compared with manufacturing. Service sector growth is found to be autonomously driven by final demand and therefore less dependent on its interconnections with the rest of the economy from the production side. The findings also indicate that service sector growth has stimulated manufacturing growth but not vice versa. However, the impact of services on manufacturing from the demand-side is neither sustainable nor desirable going forward. India is in urgent need of strategically developing its manufacturing sector through integrating dynamic services like ICT and internalising productivity gains. At the same time measures to address India’s inequality are critical to broaden the country’s demand base and make the growth process more sustainable and inclusive. In this sense, inequality reduction is a prerequisite for growth and should not be seen as an alternative to it.
Participants in the leadership breakout session at the Clinical Translational Science Awards (CTSA) virtual 2020 conference discussed and ranked six recommendations in terms of feasibility, impact, and priority for advancing Diversity, Equity, and Inclusion (DEI) efforts to elevate underrepresented populations to leadership positions in CTSAs and their broader institutions. A thematic analysis of chat and polling data identified challenges and opportunities to achieve DEI goals, with the three most promising recommendations as: cross-institutional Principal Investigator (P.I.) action-learning workgroups, transparent policies for recruiting and promoting underrepresented minorities (URM) leadership, and a clear succession plan to nurture and elevate URM leaders. Suggestions are made to improve DEI in CTSA leadership and allow for greater representation in the translational science field.
Demographic trends affect EU farms' availability of successors and hired labour. If a potential successor is available, generational renewal on family farms occurs in stages: the successor's identity formation, the farm transfer, and the farm development. If generational renewal on the farm level is not possible, adaptations of other farms can ensure the future provision of private and public goods on the regional level if there is a sufficient supply of hired labour.
This analysis examines aggregate structural changes in the United States dairy industry, 1987–2017. We estimate the likelihood of operation changes in herd size, entry, or exits for each of the lower 48 states using a semiparametric Markov process model. Small- and medium-sized dairy longevity correlates with higher dairy margins and productivity improvements. An increase in consumer expenditures on dairy products is associated with smaller operation exits. Industry dynamics exhibit a persistent trend toward consolidation in most states. The exit probability for each state and all size classes has increased significantly for most states since 2002.
Emphasis on structural change as an essential element of long-run growth in capitalist economies since the Industrial Revolution is a main characteristic of Pasinetti’s scientific work. Technical progress is the main driver of structural change and economic growth.Pasinetti integrates structural change in economic analysis by considering the double-sided nature of technical change and the interaction between the supply side (growing productivity) and the demand side (increasing per-capita income) and the evolving structural dynamics of employment and consumption. The analysis is conducted on the basis of vertically integrated sectors which may differ in the growth rates of productivity and demand. In order to maintain full employment over time, an effective demand condition and a capital accumulation condition must be satisfied. In his modern theoretical analysis of Ricardo’s machinery problem Pasinetti shows that a continuous process of structural change is a precondition to avoid technological unemployment. Furthermore, full employment has to be actively pursued by an economic policy raising effective demand and promoting research and development thus combining the insights of Keynes and Schumpeter.
Chapter 10 provides insight about whether the periods most likely associated with narrative intensity based on corporate novel events align with statistical breakpoints identified by structural change tests in the relationships driving SP500 and firm-level returns, the VIX volatility index, trading volume, and equity ETF flows. Popular breakpoint tests of structural change are applied to each of the stock market relationships based on common fundamental/risk relationships explored in the literature. The Chow test allows for the narrative intensity periods to be imposed ex ante in testing for breakpoints. The Bai and Perron unknown multiple breakpoint test identifies the most likely points of temporal instability in the time-series relations for comparison to the narrative intensity periods without imposing them ex ante. The analysis finds that structural breaks, in particular those found in aggregate- and firm-level returns, volatility, and fund flow regressions are at least somewhat aligned with the periods of highest, and moderate, KU narrative intensity from Chapter 6.
Chapter 2 is about time-varying relationships driving stock price fluctuations and volatility and how novel events and narrative dynamics may be at play. It provides a survey of the relevant literature on structural change, popular forms, such as regime switching and parameter nonconstancy, and the potential sources of narrative dynamics related to instability. Emphasis is placed on whether transition probabilities are better understood as time-varying and how rare events fit in. Historic events that are good candidates for having catalyzed periods of change between stock prices and fundamentals over the last three decades will be identified. Narrative anecdotes from financial news will be provided in support of the view that much of the instability in the stock market is unforeseeable ex ante. Therefore, probabilistic, and other quantitative rules modeling change in stock market relationships are inappropriate when Knightian uncertainty events are unfolding in real time. Finally, the role of investor sentiment underpinning instability will be discussed through the lens of dictionary-based notions of individual rationality.
This chapter outlines how the development, diffusion and adoption of new technologies have shaped economic growth. Several major technological phases are identified, which differ from periods distinguished by global wars or major changes in growth patterns. Before 1940, large-scale industrialization and new technologies originated in the United States, diffusing to western European countries. Outside the Western core different development strategies were deployed. Only after 1940, countries in western Europe largely caught up to American productivity levels. The combination of technology diffusion and export-led growth in Japan, Korea, Taiwan, and, more recently, China and India have enabled significant growth in living standards. The changes in cross-country income-level inequality have also had their within-country counterparts. The more recent period of IT-enabled growth primarily benefited high-skilled workers in Europe and the US, while low- and middle-skilled workers not only met competition from machines, but also from workers in low-wage countries.
Este artículo analiza las trayectorias de modernización estructural para la industria de ocho países latinoamericanos (Bolivia, Brasil, Colombia, Costa Rica, Ecuador, México, Perú, Uruguay) desde 1970 hasta la fecha. Desde una perspectiva teórica estructuralista que explora las interacciones dinámicas entre el cambio estructural y el escalamiento tecnológico, se construye un índice de modernización. Los hallazgos muestran que el establecimiento de modelos económicos neoliberales en Latinoamérica a partir de los años ochenta, significó un punto de ruptura en estas trayectorias. Mientras la racionalización de procesos productivos por parte de las empresas implicó un desplazamiento del empleo en dirección de usos de baja productividad relativa, el desarrollo de industrias intensivas en capital e insertas en dinámicas globales, no impulsó la modernización estructural debido a la naturaleza de las tareas efectuadas. Los ejercicios permiten esbozar una primera tipología en términos de las carencias más apremiantes de cada caso.
Although coffee is still an important agricultural commodity in Colombia, the coffee share of GDP has significantly declined over the past 40 years. Controlling for changes in relative prices, factor endowments, and technological change, we analyze the coffee share decline in conjunction with other agricultural output by applying a Vector Error Correction model. The results indicate that while market liberalization policies contributed to the declining coffee share of GDP, the decline was partly offset by the end of coffee export quotas. Our results support policies in favor of assistance for farmers to compete in international markets.
Advanced economies undergo three transitions during their development: (1) transition from a rural to an urban economy, (2) transition from low-income growth to high-income growth, (3) transition from high fertility and mortality rates to low modern levels. The timings of these transitions are correlated in the historical development of most advanced economies. I consider a nonlinear model of endogenous long-run economic and demographic change, in which child quantity-quality substitution is driven by declining child mortality. Because the model captures the interactions between all three transitions, it is able to explain three additional empirical patterns: a declining urban-rural wage gap, a declining rural-urban family size ratio, and most surprisingly, that early urbanization slows development. This third prediction distinguishes the model from other theories of long-run growth, and I document evidence for it in cross-country data.