Structural transformation of agriculture typically involves a gradual increase mean farm sizes and reallocation labor from to other sectors. Such structural is often fostered through innovations in newly emerging opportunities manufacturing services. Here, we use panel data households Indonesia test support the hypothesis that recent oil palm boom contributes transformation. Oil capital-intensi...

Why are asset prices so much more volatile and so often detached from their fundamental values? Why does the bursting of …nancial bubbles depress the real economy? This paper addresses these questions by constructing an in…nite-horizon heterogeneous agent general equilibrium model with speculative bubbles. We characterize conditions under which storable goods, regardless of their intrinsic valu...

supporting sensor technology for environmental perception and navigation, and so despite the many rosy forecasts (largely influenced by the microcomputer boom), any significant forward progress was extremely slow. Introduced in 1982, the Polaroid electrostatic sonar set off a flurry of excitement as probably the single most influential sensor breakthrough in terms of its catalytic influence on ...

The discovery of tissue stem cells has launched the current boom in the field of regenerative research, which is tremendously exciting and holds enormous therapeutic potential. Despite such optimism, recent findings have tempered the potential for medical practice. Anatomically complicated organs, such as the kidney, have proved refractory to stem cell-based regenerative techniques. As the kidn...

Terminos Lagoon ecosystem is the largest fluvial-lagoon estuarine system in the country and one of the most important reserves of coastal flora and fauna in Mexico. Since the seventies, part of the main infrastructure for country's oil extraction is located in this area. Its high biodiversity has motivated different type of studies including deforestation processes and land use planning. In thi...