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Commodity High Performance Computing at Commodity Prices

The entry price of supercomputing has traditionally been very high. As processing elements, operating systems, and switch technology become cheap commodity parts, building a powerful supercomputer at a fraction of the price of a proprietary system becomes realistic. We have recently purchased, in support of both our local and national collaborations, a dedicated computational cluster of eight D...

Modelling Commodity

Commodity Prices, Commodity Currencies, and Global Economic Developments

In this paper, we seek to produce forecasts of commodity price movements that can systematically improve on naïve statistical benchmarks. We revisit how well changes in commodity currencies perform as potential efficient predictors of commodity prices, a view emphasized in the recent literature. In addition, we consider different types of factor-augmented models that use information from a larg...

Online higher education commodity

This article analyzes the current trend towards online education. It examines some of the reasons for the trend and the ramifications it may have on students, faculty and institutions of higher learning. The success and profitability of online programs and institutions such as the University of Phoenix has helped to make the move towards online education more appealing to other institutions, as...

Commodity Prices and Growth∗

In this paper we propose an endogenous growth model of commodity-rich economies in which: (i) long-run (steady-state) growth is endogenous and yet independent of commodity prices; (ii) commodity prices affect short-run growth through transitional dynamics; and (iii) the status of net commodity importer/exporter is endogenous. We argue that these predictions are consistent with historical eviden...