THE EMPIRICAL RELIABILITY OF MONETARY AGGREGATES AS INDICATORS: 1983–1987

It is widely believed that monetary aggregates have failed to predict economic performance over 1983-87. This paper observes that the traditional definition of money (M1 lessother checkable deposits, or M1A) shows no evidence of structural change, and yields lower prediction errors for both real GNP and inflation over 1983-87Q2 than the errors obtained using M1 or M2. If there is a mystery, it is not why MIA has done so well, but why economists abandoned it for M1 or what was once called M1B (currency, demand deposits, and other checkable deposits).     

Capacity constraints and the dynamics of underwriting profits

The presence of an underwriting profit cycle in property/liability insurance has become a stylized fact. Models of this'underwriting cycle'imply that the insurance market is governed by two regimes, as capacity is constrained or not. We apply the smooth transition regression model to insurance industry data for 1934–1993 to test for a regime shift. We find a rapid shift between two distinct regimes with different dynamics. When capacity is not restricted, we find no evidence of a cycle. The cycle is present in periods when capacity is restricted, immediately following World War II and after 1968. The underwriting cycle appears to be a recent phenomenon.     

Do Legacy Industrial Sites Produce Legacy Effects in Ethnic and Racial Residential Settlement? Environmental Inequality Formation in Rhode Island’s Industrial Core1

This study advances understanding of environmental inequality by examining its production through the interaction of two ubiquitous and ongoing urban-ecological processes: industrial land-use changes and changing patterns of residential segregation. We employ longitudinal data from the Rhode Island Directory of Manufacturers (1953–2012) and tract-level US Census data measured at four panel-years (1980, 1990, 2000, and 2010) to study the effects of these interactions in Rhode Island’s historical industrial cities of Providence, Pawtucket, and Central Falls. Spatial patterning analysis and hybrid spatial panel modeling of residential exposure to active and legacy industrial sites in relation to ongoing racial and industrial change reveal two novel findings. First, we find a “legacy effect,” suggesting that the spatial organization of industrial activities prior to the study period has measurable impacts on patterns of residential segregation in later decades. Our results also indicate that over the study period Latinx and African-American residents have become increasingly less likely to bear disproportionate impacts of active manufacturing sites, despite very different spatial patterns of population growth. This is strong evidence that environmental inequality formation is a variable process in which historically distinct pathways can lead to similarly disproportionate exposure to environmental risk.     

Advancing Gendered Analyses of Entrepreneurship: A Critical Exploration of Entrepreneurial Activity among Gay Men and Lesbian Women

This paper advances contemporary gendered analyses of entrepreneurial activity by exploring self‐employment amongst gay men and lesbian women. Within current entrepreneurial debate, heterosexual women have become the visible embodiment of the gendered subject. Our contribution is to queer this assumption when focusing upon the entrepreneurial activity of gays and lesbians. Our core question investigates if ‘there is evidence of differences between homosexuals and heterosexuals in their likelihood of being entrepreneurially active’. To address this question, we contrast competing notions of gender stereotypes and discrimination whilst drawing on findings from a large‐scale population‐based study of 163,000 UK adults. We find few differences between homosexuals and heterosexuals; this persists after examining intersectional patterns and considering if gay and lesbian entrepreneurs choose particular sectors, geographies or forms of self‐employment. As our discussion highlights, the value of this study lies within its critique of contemporary analyses of gender which assume it is an end‐point rather than a foundation for analysing gender as a multiplicity.     

The effects of smoking laws on seating allocations of restaurants, bars, and taverns

Supporters of smoking laws often argue that they do not harm restaurants, bars, and taverns and may even raise their profits. Opponents argue that owners cater to customer preferences regarding smoking and that laws mandating specific smoking policies will therefore negatively impact profits of some firms. This article tests hypotheses regarding how smoking laws affect seating allocations, using data from a nationwide survey of restaurant and bar owners. The empirical evidence indicates that smoking laws exert no significant effect on seating allocations. Firms are shown to allocate greater shares of seating to nonsmoking use when customers exhibit stronger preferences for such seating.     

自动往返电动小汽车的设计原理与制作方法

本文介绍了采用脉冲主动采集、计数程序控制、虚拟脉冲复位、撞击转向的方式完成自动往返电动小汽车的构思、设计及制作的方法。     

Informality and Formality in Medium‐sized Companies: Contestation and Synchronization

Accounts of managerial practice in small and medium‐sized firms frequently draw upon notions of formality and informality. In this paper, we explore the relationship between these concepts through an analysis of managerial approaches to employment relations practice in six growing, medium‐sized organizations. Drawing on recent conceptual work on informality and formality, we argue that the use of the terms in previous analyses tends to neglect the co‐dependency of both the concepts and managerial approaches to the employment relationship. We present an alternative conceptualization of formalization and informalization processes that emphasizes synchronization through interactional practices. Through this analysis, we suggest that debate in this area can be reframed through thinking of informality and formality as a dualism rather than a dichotomy, and challenge the notion that small firms must, should or inevitably do move from informality to formality. From this, we construct an inclusive model of formality and informality that better reflects practice and enables further analytical development.     

Use of a case study in sequencing/scheduling research

This paper describes a study of an industrial sequencing/scheduling problem. The study contains the definition of the problem, data requirements and examination of solution technique. Definition of the problem is discussed from the aspect of uniqueness of the specific system. Discussion of data requirements includes availability and accuracy, while examination of solution technique considers limitation of time, computer capacity, etc., as well as the possibility of imbedding available algorithms into the solution procedure. Conclusions are presented relative to the use of the case study approach in sequencing/scheduling research.     

Supporting Traditional African Mediators Project (STAMP) for Family Violence

Supporting Traditional African Mediators Project (STAMP) is a program that has been working with African/Australian community leaders to prevent family violence. This program has been carefully developed through building long‐term relationships, transparency and openness with an emphasis on navigating the intersection of cultures in order to enhance understanding and collaboration around family violence prevention. The training program has successfully engaged both men and women and enhanced participation, cross cultural learning and positive outcomes by creating an open and safe environment. The paper highlights the knowledge gained by participants and project workers and explores the challenges experienced by people who emigrate from other countries when responding to family conflict in an Australian context. It introduces the formation of a support group Marula that has added value and support to Traditional African Mediators in their work to address family violence within their communities.