I show how to construct a stochastic long-lived overlapping generations model, based on a non-stochastic model developed by Olivier Blanchard [2] and Philippe Weil [14], that nests the RBC model as a special case. My innovation over previous work is to add an aggregate stochastic shock. I provide three different calibrations of the model. One mimics the RBC model and the other two are heterogen...

Linear and Hodrick-Prescott detrending methods do not provide a good approximation of the business cycle when output contains a unit root. I use the multivariate Beveridge-Nelson decomposition to document the main patterns of US postwar business cycle when output and some other variables are assumed to be integrated I(1) processes. I show that the business cycle identi...ed in this way displays...

Governments are making significant investments in information technology to transform the way in which they serve their stakeholders e.g., businesses and citizens. Going beyond early efforts of automating existing services, government agencies are seeking for opportunities to use IT to enhance citizen involvement and participation. With the advent of Web 2.0, Gov 2.0 has gained popularity with ...

OBJECTIVES This study examined the use of health impact assessment (HIA) as a tool for intersectoral collaboration using the case of an HIA project conducted in Gwang Myeong City, Korea. METHODS A typical procedure for rapid HIA was used. In the screening step, the Aegi-Neung Waterside Park Plan was chosen as the target of the HIA. In the scoping step, the specific methods and tools to assess...

This paper examines the phenomenon of interdisciplinary collaboration to critically appraise the widespread idea that working together requires the integration of knowledge. We build both on the concepts of common ground/grounding and interactional/contributory expertise to analyze in two case studies how common ground evolves in practice. We find that building common ground is a continuous pro...

BACKGROUND The inherent complexity of statistical methods and clinical phenomena compel researchers with diverse domains of expertise to work in interdisciplinary teams, where none of them have a complete knowledge in their counterpart's field. As a result, knowledge exchange may often be characterized by miscommunication leading to misinterpretation, ultimately resulting in errors in research ...

Despite emerging consensus that the One Health concept involves multiple stakeholders, the human health sector has continued to view it from a predominantly human health security perspective. It has often ignored the concerns of other sectors, e.g. concerns that relate to trade, commerce, livelihoods and sustainable development, all of which are important contributors to societal well-being. In...

The ability to accurately assess others’ intents, beliefs, and emotions – called Theory of Mind (ToM) – is conjectured to be important for social cooperation. We study the role of ToM ability in fostering cooperation in the simultaneous and sequential prisoners dilemma (PD) games. Our norm-based model predicts that high ToM ability individuals will believe in more cooperation and cooperate at h...

The paper examines the role of home country culture in university-industry research collaboration and knowledge interaction in the Chinese MNC context. We approach the issue by conducting a critical literature review with interviews from Finland and China. The previous studies on university-industry collaboration focus primarily on technology and knowledge transfer. The present study, however, ...

Spontaneous collaboration occurs abundantly among people on the roads. We account for the outcome of three research projects and the experience of designing the applications: Placememo, Hocman and SoundPryer. They all support various types of spontaneous mobile collaborative road use activities. We emphasize the impact of setting when developing applications intended for this scope. The main is...