Studies conducted for the US have found a positive effect of human capital endowments on employment growth, with human capital endowments diverging at the same time. In contrast, studies for European countries have found convergence of human capital endowments. This paper tests these relationships for 99 Austrian districts for the observation period 1971-2011 by estimating how the presence of high-skilled employment affects total, low-skilled and high-skilled employment growth. To this end, OLS, fixed effects and first difference regressions are estimated. The results show continuous convergence of high-skilled employment which, however, slowed downed significantly since the 1990s. In contrast to previous studies, evidence for positive effects of high-skilled on total and low-skilled employment is only weak and varies over time. Furthermore, the results show that total and high-skilled employment in suburban areas grew faster than in other regions, while districts which bordered the Eastern Bloc were disadvantaged. Nevertheless, spatial neighbourhood effects within Austria are only weak. (authors' abstract) / Series: Working Papers in Regional Science

Bakgrund: Filmklimatet har gjort det svårt för producenter att nå lönsamhet och fånga en stor biopublik. Under 2014 var det 78 % av svensk film som gick med förlust. Filmbranschen har genomgått stora förändringar till följd av digitaliseringen, där den nya tekniken har resulterat i en stor flexibilitet som har medfört att biograferna snabbare kan svara på biopublikens efterfrågan. Filmer kan numera snabbt plockas bort från biorepertoaren. Det har resulterat i att gapet mellan filmer som går bra och filmer som går dåligt har ökat. Aktörer talar om en bransch som präglas av turbulens, osäkerhet och risktagande, där den primära inkomstkällan för producenter är intäkter som genereras från bio. Producenters strategiska val blir allt viktigare för en films överlevnad.  Syfte: Studiens syfte är att undersöka vilka strategiska val en producent kan använda sig av för att en film ska erhålla höga intäkter och nå lönsamhet. Metod: Studien använder sig av en kvantitativ metod som utgår från en deduktiv ansats där 111 filmer har studerats genom regressionsanalyser.  Resultat: Studien har identifierat att budget och huvudrollsinnehavare påverkar en films intäkter. Det går det inte att urskilja vilka strategier som leder till att en film blir lönsamhet.

The conventional view for corneal epithelial maintenance suggests that a stem cell population found in the limbus (at the rim of the cornea) produces daughter cells, called transient amplifying cells, which migrate centripetally. This limbal stem cell (LSC) hypothesis was recently questioned and the alternative model suggests that stem cells are present throughout the corneal epithelium. The main aims of this thesis were to investigate whether age and Pax6 genotype affect LSC function. Previous work with X-inactivation mosaics revealed radial stripes of β-galactosidase-expressing cells in the corneal epithelium (from about 5 weeks of age), which decreased with age and were reduced in Pax6+/- mice (a model for aniridia, a human eye disease). The reduction in Pax6+/- mice could be due to either reduced LSCs function or a more coarse-grained mosaicism caused by reduced cell mixing during development. Comparison of patch sizes in Pax6+/- and wild-type X-inactivation mosaics showed that patches were smaller in Pax6+/- cornea epithelia before the initiation of stripes (3 weeks of age). This implies that stripe-number reduction is not caused by reduced cell mixing, so an effect on LSC function remained a possibility. Thus, the numbers of label-retaining cells (putative stem cells) in Pax6+/- were compared to controls at 15 and 30 weeks old but they were not reduced at 30 weeks or in Pax6+/- mice, as had been predicted. The failure to demonstrate the predicted result suggests either that the hypothesis was incorrect or the experimental approach was inappropriate. Furthermore, it was discovered that mice expressing β-galactosidase under the keratin 5 promoter produced rare stripes in the corneal epithelium, which are likely to represent clonal lineages derived from individual stem cells. Older mice demonstrated a significantly lower frequency of stripes, a result compatible with the predicted reduction of active LSC with age. Pax6+/- corneas were highly abnormal and stripes were not formed properly, so direct comparison was not possible. Finally, pilot experiments with conditional expression of a reporter gene revealed the successful formation of a stripe, and hence provide a plausible alternative approach to compare stripe numbers reflecting active LSCs but the method has yet to be optimised. Overall, the results suggest that LSCs are reduced with age and support the limbal location of stem cells maintaining the corneal epithelium.

This paper investigates whether the Dogs of the Dow (or “Dow Dogs”) investment strategy is applicable to the Swedish stock market during the period 1996-2015. The strategy uses dividend yield as a way to identify undervalued stocks. Likely explanations to the strategy’s performance are contrasted between the Overreaction Hypothesis from the field of behavioral finance and the Efficient Market Hypothesis (EMH) from financial economics. The paper follows the original method formed by John Slatter, but is however extended by adding adjustments for risk, transaction costs and taxes to reflect a more realistic market setting. Our empirical findings suggest that the Dow Dogs strategy barely beats the market by 0.02 Sharpe ratio unit points. The strategy’s performance may be rather unimpressive, but it is interesting to acknowledge that the portfolio performed best during the market’s worst downturns. To conclude, our results lack statistical significance and we cannot reject the null hypothesis of no abnormal returns.

This study tests for the market efficiency of the Nairobi Securities Exchange (NSE) after the year 2000 to determine the effect of technological advancements on market efficiency. Data that is used is the NSE 20 share index over the period 2001 to 2015; and the NSE All Share Index (NSE ASI) from its initiation during 2008 to 2015. We cannot accept the Efficient Market Hypothesis (EMH) for the NSE using the serial correlation test, the unit root tests and the runs test. However, we can accept the EMH for the more robust variance ratio test. Overall, the results of the market efficiency are mixed. The most significant finding is that the efficiency of the NSE has increased since the year 2000 which suggests that advancements in technology have contributed to the increase in the market efficiency of the NSE. / Business Management / M. Com. (Business Management)

Brain size varies greatly among vertebrates. It has been proposed that the diversity of brain size is produced and maintained through a balance of adaptations to different types and levels of cognitive ability and constraints for adaptive evolution. Phylogenetic comparative studies have made major contributions to our understanding of brain size evolution. However, previous studies have nearly exclusively focused on mammalian and avian taxa and almost no attempts have been made to investigate brain size evolution in ectothermic vertebrates. In my thesis, I studied brain size evolution in two groups of fish with extreme diversity in ecology, morphology and life history, Cichlidae and Syngnathidae. Using phylogenetic comparative methods, I investigated four key questions in vertebrate brain size evolution; cognitive adaptation, sexual selection, phenotypic integration and energetic constraints. I have demonstrated i) that phenotypic integration can link functionally unrelated traits, and this may constrain independent evolution of each part involved or promote concerted evolution of an integrated whole, ii) that brain-body static allometry constrains the direction of brain size evolution, even though the static-allometry showed ability to evolve, allowing evolution of relative brain size under allometric constraints, iii) that the energetic constraints of development and maintenance of brain tissue is an important factor in forming the diversity in brain size in cichlids and syngnathids, both at macroevolutionary and microevolutionary time scales, and iv) that adaptation for feeding and female mating competition may have played key roles in the adaptive evolution of brain size in pipefishes and seahorses. To conclude, my thesis shows the strong benefit of using fish as a model system to study brain size evolution with a phylogenetic comparative framework.

Marine seaweeds constitute one of the most productive plant systems known on Earth and a rich fauna including juvenile fish and crustaceans is dependent on the habitats they form. Human influence on marine costal ecosystems has resulted in large scale changes to the abundance and distribution of species, where species introductions constitute an obvious part. The aims of this thesis were to 1) explore how non-native seaweeds impact on ecosystem functions (primary production and decomposition), and 2) study how interactions between non-native seaweeds and native communities affect invasion success. I used a combination of laboratory assays, outdoor mesocosms and field experiments. Paper I and II revealed that the impact on ecosystem functions were substantially different depending on the identity of the invader. The highly successful non-native red alga Heterosiphonia japonica had a large effect on community productivity. Due to the rapid growth of the invader, the primary production increased by more than four times in mixed species communities with the invader compared to  communities with only native species. In contrast, the morphologically similar and equally successful non-native red alga Bonnemaisonia hamifera grew slowly and had no effect on community production. But B. hamifera produces a potent defense compound that deters native herbivores and reduces the growth of micro-organisms. As a direct or indirect effect of this chemical defense, the litter from B. hamifera decomposed considerably slower compared to native seaweed litter. Rapid growth and defense against predation are likely important in explaining how the two invaders have become successful in the invaded range. These results show that traits related to invasion success may determine impacts on native communities. Paper III shows that the rapidly growing invader H. japonica is avoided as food by native herbivores, which likely enables the invader to survive during colder seasons with sub-optimal growth conditions.  In paper IV I found that competition from the native brown alga Fucus vesiculosus decreased growth of the non-native congener Fucus evanescens. Native herbivores caused more damage to the native competitor but it did not relieve F. evanescens from competitive pressure. Several native brown algae grow in the niche of F. evanescens, which may explain why the species only is growing sparingly in the invaded range. The results indicate that competition with native seaweeds have potential to reduce the success of non-native seaweeds in the new range. In summary, this thesis shows that non-native seaweeds differ strongly in their effect on ecosystem functions. Knowledge of which traits are present among abundant non-native species and how these traits relates to different effects may enable us to gain a better understanding of invasion impacts on native communities. The thesis also highlights that competitive interactions can be of importance for invasion success in seaweed communities. / <p>At the time of the doctoral defense, the following papers were unpublished and had a status as follows: Paper 2: Manuscript. Paper 3: Manuscript. Paper 4: Manuscript.</p> / Alien-native trophic interactions: consequences for invasion success and ecosystem effects of invasions

<p>Denna uppsats syftar till att testa The Weak Government Hypothesis. Hypotesen är att en fragmenterad regering ackumulerar större skulder än ickefragmenterade regeringar och att graden av fragmentering påverkar storleken på skulden. Hypotesen testas med paneldata över 283 svenska kommuner under perioden 1996-2004. Resultaten från den empiriska studien ger inte något enhälligt stöd åt hypotesen. Studien finner dock visst stöd för att en lokal koalitionsregering bestående av flera jämnstora partier tenderar att ha en positiv effekt på de långfristiga skuldnivåerna under valår. Lokala koalitionsregeringar med partier från olika ideologiska block, så kallade regnbågskoalitioner, tenderar också att ha en generell positiv effekt på de långfristiga skulderna. Resultaten är dock ingalunda robusta. En studie över en längre tidsperiod är önskvärd för att några konkreta slutsatser kring validiteten i hypotesen ska kunna dras.</p>

The solid-metal/silicate-melt partition coefficient for W has been determined experimentally for the temperature and oxygen fugacity conditions at which eucritic basalts formed. The partition coefficient for W is 25 ± 5 at 1190°C and an oxygen fugacity of 10⁻¹³∙⁴. The solid-metal/silicate-melt partition coefficient for P, D(P), has been determined experimentally at 1190°C and 1300°C. The dependence of the partition coefficient on oxygen fugacity is consistent with a valence state of 5 for P in the silicate melt. The experimental partition coefficients are given by: (1) log D(P) = -1.21 log fO₂ -15.95 at 1190°C (2) log D(P) = -1.53 log fO₂ -17.73 at 1300°C The partition coefficients may be used to interpret the depletion of W/La and P/La ratios in the Earth, Moon, and eucrites relative to Cl chondrites. The depletion of the W/La ratios in the eucrites may be explained by partitioning of W into 2% to 10% solid metal assuming equilibration and separation of the metal from the silicates at low degrees of partial melting of the silicates. The depletion of P/La ratios requires an additional 5% to 25% sulfur-bearing metallic liquid. The depletion of both P/La and W/La ratios in the Moon can be explained by partitioning of P and W into liquid metal during formation of a small lunar core by metal-silicate separation at low degrees of partial melting of the silicates. The W/La ratios in the Earth and Moon are virtually indistinguishable, while P/La ratios differ by a factor of two. The concentrations of FeO also appear to be different. These observations are difficult to reconcile with the hypothesis of a terrestrial origin of the Moon following formation of the Earth's core, but are consistent with an independent formation of the Earth and Moon. In contrast to the Moon and eucrites, the depletion of P/La and W/La ratios in the Earth cannot be explained by an internally consistent model involving equilibrium between metal and silicate at low pressures.

Survivorship of children is unsurprisingly dependent upon numerous variables, not least of which is the role that preferential treatment plays in biasing the birth and survival of sons and daughters across cultures. This study draws upon an evolutionary approach by examining the "Trivers-Willard hypothesis" concerning condition-dependent sex allocation and differential parental investment. The central idea is that within a polygynous social mating structure - where reproductive variance is higher for males than for females as an intrinsic function of polygyny - mothers in optimal condition (defined by high status, good health, and abundant resources) are more likely to produce and invest in male offspring whereas mothers in poor condition (defined by low status, poor health, and resource deprivation) are more likely to produce and invest in female offspring so as to maximize potential lifetime reproductive success. Previous research on humans concerning this hypothesis tends to be restricted to one cultural group and thereby limited in sample size. For this study, nationally representative household survey data collected by the Demographic and Health Surveys (DHS+) program across 35 countries was used to test biological, resource-oriented, and behavioral aspects affecting maternal condition, sex allocation, and parental investment in humans. Country samples ranged from 732 to 21,839 women interviewed within South Asia, Sub-Saharan Africa, the Caribbean/Latin America, and the Near East/North Africa. The units of analysis were the mothers and their lastborn child (N = 128,039 woman-child pairs). A sequence of hierarchical regressions theoretically pre-specified a causal model concerning four constructed scales measuring maternal socioeconomic resources, maternal biological condition, prenatal care for the lastborn child, and health-seeking for the lastborn child. In startling contrast to the predictions of the original hypothesis, analysis of the overall model revealed small, yet stable, cross-regional main effects suggesting that - for all four regions – maternal biology predicts lastborn daughters while maternal resources predict lastborn daughters for each region, with the exception of Sub-Saharan Africa. Moreover, protective/preventative health-related behaviors predict lastborn sons within South Asia and the Near East/North Africa, while prenatal care and health-seeking are differentially attributed to the prediction of sons and daughters within Sub-Saharan Africa and the Caribbean/Latin America.