Population growth in U.S. counties, 1840–1990

We examine the location and growth of the U.S. population using county-level census data from 1840 and 1990. Natural characteristics (e.g., access to water transportation) heavily influenced where populations located in 1840, and produced characteristics in existence in 1840 (e.g., educational infrastructure) had a significant influence on subsequent growth. Evidence of population convergence appears only when the most-heavily-populated counties in 1840 are excluded from the sample. Moreover, when counties located on the western frontier are excluded from the full sample, on the assumption that they were relatively far from their steady-state populations, there is evidence of population divergence.     

Location and Survival of New Entry

Drawing from two different strands of literature, industrial ecology and spatial analysis, the paper attempts to examine the role that location plays in determining firm survival. A time-varying covariates hazard model is used on Greek firms, which enter manufacturing in the early 1980s and are followed up to 1992. Location in Greater Athens vs. the rest of the country affects survival positively, especially when smaller firms are concerned. Other firm variables such as current size, profitability, leverage and capital together with growth and industry contestability are also found to affect survival, which becomes more difficult for firms established closer to recessions.     

Capital outflow liberalization and stock market reaction in an emerging market: Experience from Greece

This paper examines the response of the Greek equities market to the liberalization of capital flows during the 1992–1994 period. While past empirical research has largely examined the effects of capital inflow liberalization in emerging markets, we focus on capital outflow liberalization. In particular, we consider changes in the regulatory environment that allow domestic investors to hold foreign risky assets. Employing a time series of daily equity returns, a wealth effect is found that is indirectly linked to the announcement of capital flow liberalization. Additionally, our results reveal a significant change in the daily return distribution before and after final implementation. The views expressed in this paper are solely those of the authors and should not be interpreted as those of their respective affiliations.     

高性能八位MPUHD64180及其应用

本文简要介绍了高性能八位MPUHD64180的特点及应用技巧,并介绍了两个应用实例.