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Abstract:As a prerequisite of an appropriate anti-terror strategy, it is indispensable to assess the underlying causes of terror. We examine social and economic conditions in the country of origin of terrorist attacks, claiming that low opportunity costs of terror, e.g., approximated by slow growth and poor institutions raise the likelihood of terror and the willingness in the population to support terror. Using a negative binomial regression model, we are able to show that unfortunate socio-economic conditions in a country are likely to reduce the opportunity costs of potential terrorists and increase the number of terrorist attacks originating from a specific country. Interestingly, this effect is particularly relevant after a certain level of development has been reached. We therefore distinguish between several broad country groups, namely the OECD, Europe and Islamic countries.JEL classification: P16, F15, C25
This paper is a survey of the existing research on structural change at various levels of aggregation with a special focus on the relation to productivity and technological change. The exposition covers the research concerning the development of the three main sectors of the private economy, multisector growth models and recent evolutionary theories of structural change. Empirical studies of the reallocation of market or sector shares as a result of differential productivity developments are also discussed. The synthesis emphasizes the crucial interaction of supply-and demand-side forces in shaping structural change.
This paper investigates the patterns of capital entry barriers and capital returns in informal micro and small enterprises (MSEs) using a unique micro dataset for seven West African countries. Our findings support the view of a heterogeneous informal sector that is not primarily host to subsistence activities. While an assessment of initial investment identifies some informal activities with negligible entry barriers, a notable cost of entry is associated with most activities. We find very heterogeneous patterns of capital returns in informal MSEs. At very low levels of capital, marginal returns are extremely high—often exceeding 70 percent per month. Above a capital stock of 150 International Dollars, marginal returns are found to be relatively low at around 4–7 percent monthly. We provide some evidence that the high returns at low capital stocks reflect high risks. At the same time, most MSEs appear to be severely capital constrained.
In situ IR spectroscopy and transmetalation experiments confirm a postulated catalytic cycle. The metalloenolate 1 describes the active intermediate in the aldol reaction catalyzed by [CuF {(S)-tol-binap}] (see reaction scheme). (S)-tol-binap=(S)-(-)-2,2'-bis(di-p-tolylphosphanyl)-1,1'-binaphthyl.
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