This study examines the link between effective tax rates (ETR) and political connections in developing economies. The political connections explanation is informed by the observation that developing economies tend to be ''relationship-based'' rather than ''market-based'' capitalisms. Two proxies of political patronage are developed and applied to a group of Malaysian firms over a 10-year period. We find firms with political connections pay tax at significantly lower effective rates than other firms. Our results suggest that political connections are an important determinant of ETR in relationship-based economies.

The 13 November 2016 Mw 7.8 Kaikoura, New Zealand, earthquake was investigated using teleseismic P waves. Backprojection of high‐frequency P waves from two regional arrays shows unilateral rupture of at least two southwest‐northeast striking faults with an average rupture speed of 1.4–1.6 km/s and total duration of ~100 s. Guided by these backprojection results, 33 globally distributed low‐frequency P waves were inverted for a finite fault model (FFM) of slip. The FFM showed evidence of several subevents; however, it lacked significant moment release near the epicenter, where a large burst of high‐frequency energy was observed. A local strong‐motion network recorded strong shaking near the epicenter; hence, for this earthquake the distribution of backprojection energy is superior to the FFM as a guide of strong shaking. For future large earthquakes that occur in regions without strong‐motion networks, initial shaking estimates could benefit from backprojection constraints.

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Valuable investments in human capital, it has been argued, may be at risk in much the same way as shareholder equity capital. In this paper, we develop and test the hypothesis that employee share ownership (ESO) may be used to encourage and safeguard investments in human capital. Using the Workplace Employee Relations Survey 1998, we examine the empirical link between the likelihood of ESO and the presence of valuable human capital. Adjusted for possible structural influences, empirical evidence suggests considerable support for our hypothesis. Copyright Blackwell Publishing Ltd/London School of Economics 2005.

Cases of brucellosis were diagnosed in 3-month-old twins and their mother. An epidemiologic survey suggested that raw sheep or goat meat might be the source of Brucella melitensis infection. This finding implies that the increasing threat of brucellosis might affect low-risk persons in urban settings in China.