External Financial Liberalization and Macroeconomic Performance in Emerging Countries: An Empirical Evaluation of the Brazilian Case

This article evaluates the effects of external financial liberalization on Brazilian macroeconomic performance from 1995 to 2016. Its main contributions are to assess the influence of the global financial cycle on the level of external financial liberalization and to analyse the short- and long-run macroeconomic effects of such liberalization on the performance of a peripheral economy in the global currency hierarchy. Methodologically, the article employs the Markov-Switching Vector Autoregressive and Vector Error Correction models. The results show that the global financial cycle directly affects cross-border financial flows and frames the impact of external financial liberalization on the macroeconomic performance. The article concludes that external financial liberalization has negative macroeconomic effects in the short run and generates a trade-off between stability and growth in the long run.     

Use of robust methods to determine quadratic surfaces: application to heritage

3D surveys of archaeological elements and the construction of virtual models enable us to reconstruct historical sites. They provide useful data to select specific building processes.Photogrammetry and Terrestrial Laser Scanning (TLS) are the most common techniques to obtain synthetically heritage models. These techniques provide massive data which can only be managed by replacing them by primitive shapes, thereby obtaining more simple models and the explicit geometry of the element. Statistical and robust methods are used for this substitution, thereby avoiding the common errors due to measuring. Of these methods, the most widely used are the least-median-of-squares (LMedS) and the RANSAC method.Another computation method consists in recursive processes based on evolutive-type algorithms to adjust the model to the data captured.This paper describes two surface computation methodologies to determine the modelling of a column shaft located in temple G of the archaeological park of Selinunte (Sicily).     

3D electrical prospection in the archaeological site of El Pahñú, Hidalgo State,Central Mexico

The implementation of a 3D Electrical Resistivity Tomography (ERT-3D) survey was carried out in El Pahñú archaeological site, Hidalgo State, Central Mexico. A combination of a new ERT arrays allowed studying the subsoil beneath the Main Pyramid built near the edge of a plateau, along with another important structure (the Tecpan), which was a smaller structure that lodged the governmental council in pre-Hispanic times. The recorded information was acquired through the combination of several electrodic designs: L-Corner (LC), Equatorial (Eq), and Minimum Coupling (MC). For the Main Pyramid, the electrodes were set up around the perimeter of the structure, since they were not permitted to be inserted over the edifice, thus preventing damages to the architectonic elements. The second structure allowed inserting electrodes on selected spots within the architectonic space. The combination of the different arrays made possible the acquisition of 1204 apparent resistivities beneath the Main Pyramid and 2460 resistivity data beneath the Tecpan. The apparent resistivity data were inverted to obtain a three dimensional display of the subsoil electrical resistivity beneath the archaeological structure. The interpreted resistivity model under the Main Pyramid displayed a highly resistive structure towards its northern face that could be associated with infill. Such material was employed by the ancient constructors to level the terrain close to the edge of the cliff. Another interesting anomaly was found towards the central portion of the structure that could be associated to a foundation offer. The interpretation of data beneath the Tecpan identified the structural foundations and other interesting anomalies related to the different occupational times. The investigation supported the archaeological investigation of the site, suggesting areas of potential geological risk and of archaeological interest. For example, the Main Pyramid presents serious stability problems, indicating that the infill has weakened, producing cracks threatening long-term pyramid integrity.     

Taphonomy of ungulate ribs and the consumption of meat and bone by 1.2-million-year-old hominins at Olduvai Gorge,Tanzania

The phenomenon of equifinality complicates behavioral interpretations of faunal assemblages from contexts in which Pleistocene hominins are suspected bone accumulators. Stone tool butchery marks on ungulate fossils are diagnostic of hominin activities, but debate continues over the higher-order implications of butchered bones for the foraging capabilities of hominins. Additionally, tooth marks imparted on bones by hominins overlap in morphology and dimensions with those created by some non-hominin carnivores, further confounding our view of early hominins as meat-eating hunters, scavengers or both. We report on the manual/oral peeling of cortical layers of ungulate ribs as taphonomically diagnostic of hominoid/hominin meat- and bone-eating behavior that indicates access to large herbivore carcasses by hominins at the site of BK, Olduvai. Supporting these inferences, we show that certain types of rib peeling damage are very rare or completely unknown in faunas created by modern carnivores and African porcupines, but common in faunas modified by the butchery and/or consumption activities of modern humans and chimpanzees, during which these hominoids often grasp ribs with their hands, and then used their teeth to peel strips of cortex from raggedly chewed ends of the ribs. Carnivores consume ungulate ribcage tissues soon after kills, so diagnostic traces of hominin butchery/consumption on ribs (i.e., peeling and butchery marks) indicate early access to ungulate carcasses by BK hominins. Tooth marks associated with the peeling and butchery marks are probably hominin-derived, and may indicate that it was not uncommon for our ancestors to use their teeth to strip meat from and to consume portions of ribs. Recognition of rib peeling as a diagnostic signature of hominoid/hominin behavior may also aid the search for pre-archaeological traces of hominin meat-eating.     

DO LOCAL AMENITIES AFFECT THE APPEAL OF REGIONS IN EUROPE FOR MIGRANTS?*

ABSTRACT This paper delves into the factors, which determine the attractiveness of regions in Europe for migrants. Contrary to the literature on the United States, which has increasingly focused on the role of amenities, existing research in Europe tends to highlight the predominance of economic conditions as the main drivers of migration. Differentiating between economic, sociodemographic and amenity‐related territorial features, we examine the appeal of various regional characteristics for migrants by analyzing net migration data for 133 European regions between 1990 and 2006. Our results show that, in addition to economic, human capital‐related and demographic aspects, network effects and—in contrast to existing literature—different types of regional amenities exert an important influence on the relative attractiveness of sub‐national territories across the European Union. Our findings therefore indicate that locational choices in Europe may be much more similar to place‐based preferences in the United States than originally thought.