We analyse a monetary growth model where entrepreneurs borrow funds to invest in projects that produce capital goods. In addition to their varying pecuniary returns, different projects also vary with respect to the status they confer to the entrepreneurs who operate them. We show that (i) social status increases the growth rate, but this effect is mitigated by a social norm that inversely links overall levels of employment in the high-return project with the status conferred to it; (ii) the combined effect of social status and inflation is a source of transitional dynamics in an environment where such dynamics would not emerge if considerations of occupational prestige were absent; (iii) when the social norm affects social status, the economy's dynamics may be manifested in the form of endogenous volatility; (iv) the presence and characteristics of social status can generate a negative correlation between volatility and growth.
Introduction: Prurigo nodularis is an unusual disorder of unknown aetiology, which is notoriously resistant to therapy, and is characterized by extremely pruritic nodules with well-defined clinical symptoms and histopathological findings.
In cases that the temperature of large surfaces needs to be measured, because measuring by conventional temperature equipment is time consuming, thermography is a fast and simple alternative solution. The most important feature that affects the amount of energy radiating from a surface, under stationary thermal conditions (fixed temperature), is its emissivity. In the present study emissivity of certain commercial wall paints was determined experimentally by adjusting its value in an infrared thermal imager, until its readings coincided with a known temperature measured by PT-100 sensors. It was shown that the emissivity is dependent on the color, current temperature and type/texture of the material.
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