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Study: States need economic freedom to benefit from natural resources
States with small governments, low taxes and labor market freedom enjoy greater benefits from natural resource development than states with large and intrusive government policies, according to a new study by a Florida State University researcher.
“The size of government and level of regulation are two of the cornerstones of economic freedom,” said Joab Corey, the study’s author and a lecturer in Florida State’s Department of Economics and the Gus A. Stavros Center for the Advancement of Free Enterprise and Economic Education. “When it comes to resource development, research shows that states with higher levels of economic freedom enjoy greater benefits from resource development.”
Louisiana, New Mexico, North Dakota, South Dakota and Wyoming are singled out as states with high levels of economic freedom that have benefited from resource development. On the other hand, Alaska, Montana and West Virginia have failed to fully benefit from their natural resources, due in part to government policies that limit economic freedom, according to Corey’s peer-reviewed study, “Development in U.S. States, Economic Freedom, and the ‘Resource Curse.’ Read the rest of this entry »
Investors need not lose sleep over daylight saving
The changeover to and from daylight saving does not have a detrimental effect on financial markets, according to new research.
While previous studies suggested stock markets weakened on the Monday after daylight saving began or finished, possibly due to the effect on investors’ sleep patterns, Massey finance specialists and a Dutch research colleague have produced a paper showing there is no discernable impact.
Associate Professor Russell Gregory-Allen, Professor Ben Jacobsen and Wessel Marquering of Erasmus University in the Netherlands found that sharemarket returns in 22 countries were no different from any other day.
“The results reject earlier conclusions that a change in the mood of investors as a result of changes in sleep patterns significantly affects stock returns,” Dr Gregory-Allen says. Read the rest of this entry »
‘Virtual’ head teachers benefit children in care
Posted by wideant in Social Sciences on March 12, 2010
New research from the School for Policy Studies shows that ‘virtual’ head teachers significantly raise the priority of education and outcomes for children in care, who are often less successful at school than other pupils.
This is due to a complex range of factors that might include an unstable family background, shortcomings in the care environment, low expectations and poor communication between social workers, carers and schools.
The ‘virtual school heads’ (VSH) initiative appointed a senior employee within a local authority with the responsibility of overseeing and co-ordinating educational services for children in care. Children in care attend a range of local schools but the role of the VSH was to improve educational standards as if they were attending a single school. Read the rest of this entry »