Modelling the demand for foreign savings in developing countries: Testing a hypothesis with Latin American data

The demand for foreign savings is an important feature of the economy in many LDCs, and it would be helpful to have a better understanding of its determinants. This paper considers one approach to modelling the demand for foreign savings in LDCs. If the demand for investment shifts out more buoyantly than does the supply of domestic saving in response to current macro‐economic conditions, persistent demand for foreign savings will be generated as a normal feature of the development process. We test this hypothesis with elasticities computed from the parameters of investment and domestic saving equations estimated for a sample of 21 Latin American countries. The empirical results show that in approximately half of the countries in the sample (and most notably in Brazil and in Mexico), the demand for foreign savings is rooted in the parameters of the investment and domestic saving functions.     

Pathologic Findings of Coronary Stents: A Comparison of Sudden Coronary Death Versus Non‐cardiac Death

There are few histologic studies of intracoronary stents found at autopsy. We studied histologic findings of 87 intracoronary stents from 45 autopsy hearts. There were 40 patients with chronically implanted stents and five shorter than 30 days. Of five patients with recent stent placement, the cause of death was related to the stent (in‐stent thrombosis) in one case. Of the 40 patients with chronic stents, there were 16 sudden coronary deaths and 24 noncoronary deaths (controls). There were no late stent thromboses in the coronary deaths. In the coronary deaths, 26% of stents showed restenosis versus 11% in controls (p = 0.1). The rate of healed infarcts and cardiomegaly was similar in the coronary and noncoronary groups, and acute thrombi in native arteries were seen only in three hearts in the coronary group. We conclude that the cause of death is rarely impacted by in‐stent findings at autopsy, especially in chronically implanted stents.     

Free Agency for the Front Office: How Data Analytics and Noncompete Agreements Threaten to Disrupt Competitive Balance in U.S. Professional Sports Leagues

U.S. professional sports teams are increasingly relying on sophisticated forms of data analysis to identify potential areas of competitive advantage over their league rivals. Indeed, emerging evidence suggests that the most sophisticated teams in this area are using the insights that they derive from data analytics to establish durable and significant gains over their competition on the playing field. At the same time, sports franchises frequently utilize noncompete agreements to protect the resulting, proprietary information that their data analysis yields. Unfortunately, recent academic research suggests that this reliance on covenants not to compete can decrease the rate of knowledge diffusion within an industry, making it more difficult for teams to catch up to early adopters of data analytics. Thus, teams’ growing reliance on data analytics—and their use of noncompete agreements to protect their resulting findings—could have significant, but heretofore unrecognized, ramifications for league efforts to maintain an adequate level of competitive balance amongst their franchises. This article explores this state of affairs, as well as the implications it presents for the governance of U.S. professional sports leagues.     

The Online Citizen: Is Social Media Changing Citizens’ Beliefs About Democratic Values?

Social media websites are rapidly changing the way that Americans live and communicate with one another. Social media sites encourage individuals to constantly share information about one’s self (and constantly seek information about others) that would have been private in the past. This experience can alter how an individual views the world in ways that political scientists have not been able to fully capture. In a cross-sectional survey of the American public I find a strong correlation between the use of Facebook and personal blogs and support for civil liberties. Individuals who spend more time self-publicizing on the Internet seem to value freedom of expression more, but also value the right to privacy less than individuals who use social media less often. This pattern suggests that technology may be altering American attitudes on basic democratic values and highlights the need for dynamic research designs that account for the causal effect Internet use may have on individual political development.     

The Renter Squeeze: Minority and Low-Income Renters Feel Pressures from Housing Boom and Weak Labor Market

The housing market boom over the last decade has been welcomed by most Americans as a positive economic phenomenon, with beneficial effects on families and neighborhoods. However, this housing boom, while benefiting homeowners, has hurt America's renting population, a population among which minorities and the poor are vastly overrepresented. As rents have risen, renters have been forced to commit a greater percentage of their resources to simply keeping their homes, and thus found it difficult to invest in their own properties. Steady or falling incomes have exacerbated this bind, while a worsening public education and transportation system has added to the burden, particularly for poor and minority renters. The Federal government has failed to respond to this growing crisis, instead choosing to cut or curtail major renter‐assistance programs.