Has the euro sustainably increased home price co‐movement?

A low level of co‐movement between different euro country housing markets creates difficulties for the ECB in setting monetary policy. Such co‐movement across eurozone countries has been the subject of a number of studies, using different methodologies and finding mixed results. In this study, we use endogenous break methods to explicitly test for whether the introduction of the euro has changed home value co‐movement. We also employ informal correlation analysis. Endogenous break results indicate no sustainable increase in co‐movement attributable to the euro, whereas correlation analysis is suggestive of a decrease in synchronization since the currency's introduction.     

Public policies and cluster life cycles: insights from the Basque Country experience

ABSTRACT

This paper contributes to the study of the role of public policies in the origins and evolution of clusters. Building on the existing literature, we set up a taxonomy of nine public policies that may have an impact on the emergence and evolution of clusters. Based on in-depth case studies of six clusters of the Basque Country, particularly representative of the industrial history of the region, we analyse the relevance of the different types of policies both in the emergence and evolution of clusters over time. In agreement with cluster literature, the paper concludes that public policies seem to have played only an indirect role across clusters and over their life cycles. Moreover, it points to the necessity of taking history and context into account, as most of the important policy measures highlighted by cluster literature today do not fit well with the previous policy and economic context. Finally, it also concludes that for cluster policies to be effective, the stages of the life cycle should be taken into consideration.     

Jute cultivation in the Lower Amazon, 1940–1990: an ethnographic account from Santarém, Pará, Brazil

The Amazon region has long been a place of economic booms and busts. Much attention in the historical literature on Amazonia has focused on the largest and most famous regional economic boom, the Rubber Boom, a period of sustained economic prosperity for some from 1860 to 1920. Other ‘booms’ have occurred in the region as well and this paper describes and discusses one of those others. The paper demonstrates how an export economy in a global periphery (coffee in Brazil) affected economic development in a periphery of that same country and makes a methodological contribution by demonstrating how ethnographic research can contribute to an understanding of a historical period when the paper trail is weak.Jute, a fiber crop, dominated agricultural production along the Amazon River floodplain in the reach between Manaus and Santarém, Brazil, from the late 1930s until the early 1990s. The crop was introduced to the region by Japanese immigrants in order to supply the demand for jute sacking in the south of Brazil where such sacks were used to package commodities, especially coffee. Local smallholder cultivators grew and processed jute, production being mediated initially through Japanese middlemen, later by Brazilians. Poor fiber quality, several external shocks, including the removal of tariffs on imported jute, and especially changes in commodity packaging such as bulk handling and the use of synthetic sacks instead of jute sacks for the transport of coffee beans, the Amazonian jute market collapsed in the early 1990s. Despite its collapse, the legacy of the boom is still evident in the physical and social landscapes in the region.     

Climate change adaptation of the tourism sector in the Bolivian Andes

Over the last 40 years, warmer temperatures have caused a considerable decrease in snow cover on glaciers and high rates of glacial melt, particularly in tropical mountains. In the Bolivian Andes, the Chacaltaya glacier (5400 masl) had been a tourist destination known as the highest ski slope in the world since 1939. As a result of climate change, skiing has not been possible after 1987 and the glacier definitely disappeared in 2009. However, since 2005, the place has become a new attraction for tourists. Travel agencies in La Paz now offer day trips to the Chacaltaya site. In order to understand the present attraction of the site and its potential for reproduction elsewhere, 25 semi-structured interviews were conducted with various categories of stakeholders involved in the tourism industry in La Paz, and archives and images were analysed. Our results show that the multifunctional character of this tourist site, including easy access to a summit, beautiful views, acclimatisation to altitude and opportunity to experience snow, are key factors in its renewed attraction for visitors, together with, to a lesser extent, the incentive of being able to watch a famous and evident full disappearance of a glacier and former ski slope. The stakeholders' groups share general views and perceptions about environmental changes and about the qualities of the site, but they also differ in terms of projects and evaluation of potential attractiveness. In particular, the development of the visibility of climate change impacts on mountain environment is valued by experts or by members of the Andean Club, but not by travel agencies. The example of Chacaltaya shows that multifunctional tourist sites may still be attractive in the future.     

Long cycle theory and the hegemonic powers' basing networks

One recent focus of research in international relations theory is that of “long cycle theory,” associated primarily with George Modelski and William Thompson, which posits serial cycles of hegemonic dominance — Venice, Portugal, the Netherlands, Great Britain, the United States — lasting approximately for one century. These hegemonic cycles are highly correlated with, or underpinned by, maritime and commercial dominance. Some aspects of long cycle theory have been contested by the rival “world systems” theory, that has fewer cycles and a disinclination to separate the military and economic dimensions of hegemony. Heretofore, naval power, as reflected in capital ship construction and orders of battle, has been used to measure maritime dominance. This research suggests that data for rival and successive global basing access networks could be used to inform and query the basis of long cycle theory; i.e., to provide a measure of “global reach”. There are additionally, interesting conceptual questions about the basis for basing access, as it has evolved historically; specifically, from a basis in conquest to one dependent upon diplomacy and various quid pro quo. The article suggests the need for more historical data collection on bases.     

Variabilité et fréquence des cycles de gel‐dégel dans la région de Québec, 1977–2006

Freeze‐thaw cycles are most common at the beginning or near the end of the winter season. These cycles have various effects on the ecosystems of Eastern Canada, affecting both biotic and abiotic components of temperate cold environments. Using air temperature minima and maxima from four meteorological stations close to Québec City, we determined the frequency of daily freeze‐thaw cycles for the last 30 years. The results show no significant increase in the number of freeze‐thaw cycles despite a small increase in air temperature. Polynomial curves describing the relationship between mean air temperatures and the number of freeze‐thaw cycles were calculated. Based on these equations and anticipating a climate change scenario, we projected future freeze‐thaw cycles. Assuming a 5 °C increase in mean air temperatures by 2100, we estimated that the number of days with a freeze‐thaw cycle could increase by approximately 20 days per winter. The increase in the number of such cycles will be concentrated during the coldest months of the winter (January and February).     

The Australian National University's Department of International Relations: the early years

This article is a contribution to the re-evaluation of the formative years of the emergent international relations discipline. Work on this topic, extensive over the past decade and a half, has overturned a number of the foundational myths of the global discipline, especially regarding the period between the two world wars. The literature on international relations in Australia, slow to reflect this re-evaluation, generally still locates the first important developments in the 1960s, and characterises the scholarship that emerged as predominantly ‘realist’. This study both pushes back the boundaries and challenges the theoretical perspectives used to categorise thinking in Australia at that time. A student of C. A. W. Manning and thus conversant with British ideas of ‘international society’, George Modelski's early exposure to theoretical work in the USA and his endeavours to give his department a strongly regional focus gave his work a richness and multifaceted character not easily captured by the ‘realist–rationalist’ dichotomy. Modelski went on from the Australian National University to become a major figure in international relations in the USA, contributing to the original debates on globalisation and best known for his work on ‘long cycles’ in world politics.     

Impacts of Pleistocene glacial loading on abnormal pore‐water pressure in the eastern Michigan Basin

The hydromechanical effects of Pleistocene glacial loading on the Michigan Basin are assessed using numerical analysis based on coupled stress and pore‐water pressure. The two‐dimensional model domain included the Basin cross section and extended 10 km into the Precambrian. In the analysis, we considered the effects of the number of glacial loading cycles, the presence and connectedness of a deep Cambrian aquifer, the direction of glacial advance, the effect of a wet versus dry glacier/soil interface, topographic effects, density‐driven flow effects, and lithosphere flexure on the development of anomalous pressures. The modeling results were compared with data collected from highly instrumented wells completed in the eastern margin of the Basin. The present‐day results define regions of significant underpressure in the upper Ordovician and lower Silurian formations characterized by very low hydraulic conductivity and regions of overpressure where hydraulic conductivity is higher. To achieve the degree of underpressure observed in the instrumented wells using the model, a specific loading cycle applied over 100 000 years was repeated four times. As the number of loading cycles increased, the Paleozoic formations reached a state where the underpressures remain constant. Our results also illustrate the difference in poroelastic modeling between the application of mechanical loads on the land surface and the application of an equivalent hydraulic head, where the latter developed overpressures rather than the observed underpressures. The modeling also shows that the overpressures observed in the Cambrian formations are most likely to be the result of density‐driven flow. Finally, the simulations show that the effects of lithosphere flexure in the hydromechanical models results in the development of lateral stresses that generate overpressures rather than underpressures in the southern half of the domain. As there are no suitable observation points, these results remain unconfirmed, and further study is warranted.     

A Research-Led,Inquiry-Based Learning Experiment: Classic Landforms of Deglaciation,Glen Etive,Scottish Highlands

This paper reports an adaptation of a classroom-based, traditionally taught module to both facilitate field-based knowledge acquisition and contribute towards research. The module enabled students, through a combination of new research and co-learning, to achieve the original classroom-based learning outcomes. Students engaged enthusiastically with the research project, developing a deeper learning style as demonstrated by improved student performance and a sense of ownership of the learning experience. The study concludes that field-centred, inquiry-based learning draws heavily upon staff resources but is an effective means of facilitating teaching and research in tandem.