Macro-economic and energy scenarios for Japan through the long-term

International Nuclear Information System (INIS)

Mankin, Shuichi

1986-03-01

As one of studies and systems analyses on the role of VHTR and process heat utilization in future energy systems, long-term macro economic and energy scenarios of Japan until the year 2030 have been generated. This paper presents,; 1) the outline of the long-term macro econometric model and the energy system dynamics model by which these scenarios were generated, 2) back grounds and prospects on future societies of Japan and exogeneous assumptions for calculations, and 3) macro energy and economic scenarios generated. Reflecting the present economic prospects, these scenarios are seemed to be of extremely low-growth type, however, the role of VHTR and its energy systems could be prospected clealy to play a large and important role within these scenario regions. Basic philosophies of scenario generations are also mentioned in this paper. (author)

AN ANALYSIS OF MACRO- ECONOMIC DETERMINANTS OF EXCHANGE RATE VOLATILITY IN INDIA

OpenAIRE

Dr. S. Poornima; M. Ganeshwari

2016-01-01

The price of one currency in terms of another currency i.e., exchange rate is a very important variable for an open economy in the global market, because it affects the overall economic performance and growth of the economy. So, the relationship between the related macro-economic factor and exchange rate causing fluctuation in the value of the former carries a high degree of impact for any open economy. This paper empirically investigates the impact between macro-economic factors that affect ...

Macro-economic impact of loss of health; Macro-economische impact van gezondheidsverlies

Energy Technology Data Exchange (ETDEWEB)

Franchimon, F. [BAM Techniek, Capelle a/d IJssel (Netherlands); Ament, H.J.A. [Universiteit Maastricht, Maastricht (Netherlands); Knies, J.; Pernot, C.E.E. [Pernot Consulting, Heeze (Netherlands); Van Bronswijk, J.M.H. [Technische Universiteit Eindhoven TUE, Eindhoven (Netherlands)

2010-11-15

More healthy life years are achievable by dwelling improvements. This article computes the healthy life years that may be gained by increased ventilation rates. It concerns the diseases Asthma, COPD en lung cancer. Increased ventilation removes house dust mites and their allergens, as well as tobacco smoke, which are associated with these diseases. Costs and savings are computes and compared in order to test the macro-economical feasibility of increased ventilation in dwellings. [Dutch] Door verbetering van woningen zijn veel gezonde levensjaren te behalen. In dit artikel worden de gewonnen gezonde levensjaren uitgerekend door meer ventileren voor de ziekten astma, COPD en longkanker. Zowel huisstofmijtallergeen als tabaksrook zijn geassocieerd met astma, COPD en longkanker. De kosten en de opbrengsten van meer ventileren worden met elkaar vergeleken om de macro-economische haalbaarheid te toetsen.

The impacts of global oil price shocks on China's fundamental industries

International Nuclear Information System (INIS)

Wang, Xiao; Zhang, Chuanguo

2014-01-01

This paper investigated the impacts of oil price shocks on China's fundamental industries. In order to analyze the reactions of different industries to oil price shocks, we focused on four fundamental industries: grains, metals, petrochemicals and oil fats. We separated the oil price shocks into two parts, positive and negative parts, to investigate how commodity markets react when oil prices go up and down. We further studied the extreme price movements, called jumps, existing in the oil markets and how jump behavior has affected China's commodity markets. Our results suggest that asymmetric effects of oil price shocks did exist in the four markets and the negative oil price shocks had stronger influences on the four markets in China. The petrochemicals market suffered most from the oil price shocks, and the grains market was least sensitive to the shocks. When jumps occurred in the crude oil market, the four commodity markets would be affected differently. The oil fats market and petrochemicals market tended to “overreact” to jumps. - Highlights: • We investigate the impacts of oil price shocks on China's fundamental industries. • Jump behavior does exist in the crude oil market. • The impacts of oil price shocks are asymmetric. • China's four commodity markets are affected by the jump behavior

A macro-economic and sectoral evaluation of carbon taxation in France

International Nuclear Information System (INIS)

Callonnec, Gael; Reynes, Frederic; Yeddir-Tamsamani, Yasser

2011-01-01

This paper evaluates the macro-economic and sectoral impact of a carbon tax in France using the Three-ME model that combines two important features: (1) The model has a detailed industrial structure and detailed description of the French tax system, particularly the taxation applied to energy. (2) It has the main properties of the neo-Keynesian models because it takes into account the slow process adjustment of prices and quantifies. Our results show under certain conditions the possibility of a double economic and environmental dividends resulting from carbon taxation, for both the short and long term. Carbon tax. Neo-Keynesian macro-economic model. Sectoral analysis. Initially published in 'Revue de l'OFCE / Debats et politiques' No. 120

Methodologies for environmental, micro- and macro-economic evaluation of bioenergy systems

NARCIS (Netherlands)

Broek, R. van den; Wijk, A. van

2006-01-01

An overview is given of methodologies used for evaluation of bioenergy systems on envoronmental, micro- and macro-economic spects. To evaluate micro-economic impacts net present value and annualised cost calculation are used. For environmental impacts, methods used are: qualitative studies, energy

Macro economic profitability of hourly measurements and binary communications

International Nuclear Information System (INIS)

Andersen, Christian; Lund, Arne-Christian

2005-11-01

There are several actors that are subject to hourly measurements and dynamic pricing. The effects are registered in several analyses. A typical division would be effects connected to power producers, power deliverers, network companies and end users. In a macro economic analysis the goal would be to identify alterations in total benefits and costs. The transition from studying isolated effects for single actors to a macro economic perspective produces several principal problems. When the analysis is based on the effects for various actors it would be important to identify transitions between various actors that in itself does not contribute to alterations in the macro economic profit. At the same time it will be important that effects to be valued are evaluated in a consistent an consequential way. In this context it may be beneficial to use a model for the actors adaptation to the power market where various effects may be used. This working paper describes utility and cost elements that is a basis for Norwegian and foreign analysis of hourly measurements and dynamic prices. The survey shows that it is a large agreement between different investigations with respect to principle effects to be emphasized. There is however, variation with respect to what effects actually are in operation and quantified. There may also be large deviances in the valuation of various utility and cost components. Some single effects are studied closer. An effort is made to compare certain figures from the literature. However, this comparison has been difficult because it is not always clear what conditions have lead to the figures in use. There are large variations between the various analysis estimates. There may be several reasons. The technical products to be priced may vary. It is also evident that the costs for changing measuring equipment may be dependent of the management strategy. The paper refers to newer theoretical literature about the effects of hourly measurements and dynamic

The influence of oil price shocks on china’s macro-economy: A perspective of international trade

Directory of Open Access Journals (Sweden)

Dengke Chen

2015-09-01

Full Text Available This paper is aimed at investigating and understanding the relationship between China’s macro-economy and oil price from a new perspective—the international trade perspective. We find strong evidence to suggest that the increase of China’s price level, resulting from oil price shocks, is statistically less than that of its main trade partners’. This helps us to understand the confused empirical results estimated within the SVAR framework. More specifically, SVAR results suggest that China’s output level is positively correlated with the oil price. Positive correlation between China’s output and oil price shocks presumably results from the drop in China’s relative price induced by oil price shocks, which is inclined to stimulate China’s goods and service exports.

[Macro-economic calculation of spending versus micro-economic follow-up of costs of breast cancer].

Science.gov (United States)

Borella, L; Paraponaris, A

2002-12-01

In the healthcare field, the ability to make economic forecasts requires knowledge of the costs of caring for major diseases. In the case of a semi-chronic condition like cancer, this cost covers all the episodes of care associated with a patient. An evaluation of a macro-economic method of calculating costs for treating non-metastatic cancer, covering all hospital episodes, is proposed. This method is based entirely on the use of annual hospital activity databases, linked to data concerning the incidence of cancer. It allows us to obtain the global cost of care for a neoplasm of a particular site, without the need to reconstruct the whole care pathway of the patients. The model was assessed by comparing it's own results, in the particular case of breast cancer to those issuing from a micro-economic follow-up of 115 patients. Data for macro-economic calculation are extracted from the national French hospital database for the year 1999 and from cancer incidence data. The prospective study was done in 1995, in a comprehensive cancer centre. Macro-economic calculation leads to a cost of 14,555 Euro, for primary breast cancer. Prospective follow-up showed a cost of 14,350 Euro (data corrected, 1999 value). With a difference of 1%, there was a clear cohesion of the two results, while a higher level of divergence was noticed (from 1 to 15%) in the comparison between therapeutic techniques. Accuracy and reliability of results were evaluated. This method may be extended to all types of neoplasms. This method cannot be used instead of follow-up studies, for cost-efficacy or cost-severity analysis, but may be interesting beyond economic forecasts, in the field of payment per pathology.

An evaluation grid for the assessments of macro-economic impacts of energy transition. Working paper Nr 48

International Nuclear Information System (INIS)

Ouvrard, Jean-Francois; Scapecchi, Pascale

2014-05-01

This study aims at comparing the main available macro-economic models used to assess the consequences of policies for energy transition, and at determining their scope and limitations of validity. More precisely, the authors study the impact of two categories of policy instruments (those aimed at modifying prices and incentive ones) and the role of the adopted modelling of technical progress and of the macro-economic closure of the model. In a first part, they present various tools or models used to assess economic impacts of energy transition: technical-economic, macro-economic, general balance, and hybrid models. Then, after a presentation of some principles adopted to analyse these various models, the authors discuss price-based tools, tools based on demand support, the key role of technological progress, the impact of the macro-economic closure on the reached objective. They finally discuss the results obtained by applying an evaluation grid to energy transition scenarios. A set of recommendations is finally proposed for a better assessment of these impacts

Individual Mortality and Macro-Economic Conditions from Birth to Death

NARCIS (Netherlands)

Lindeboom, Maarten; Portrait, France; Berg, van den G.J.

2003-01-01

This paper analyzes the effects of macro-economic conditions throughout life on the individual mortality rate. We estimate flexible duration models where the individual's mortality rate depends on current conditions, conditions earlier in life (notably during childhood), calendar time, age,

Analysis of the Economic Impact of Large-Scale Deployment of Biomass Resources for Energy and Materials in the Netherlands. Appendix 2. Macro-economic Scenarios

International Nuclear Information System (INIS)

Banse, M.

2009-03-01

The Bio-based Raw Materials Platform (known as PGG), which is part of the Energy Transition programme in the Netherlands, commissioned the Agricultural Economics Research Institute (LEI) and the Copernicus Institute of Utrecht University to study the macro-economic impact of large-scale deployment of biomass for energy and materials in the Netherlands. Two model approaches were applied based on a consistent set of scenario assumptions: a bottom-up study including techno-economic projections of fossil and bio-based conversion technologies and a top-down study including macro-economic modelling of (global) trade of biomass and fossil resources. The results of the top-down study (part 2) including macro-economic modelling of (global) trade of biomass and fossil resources, are presented in this report

Oil price shocks and economy: an open question

International Nuclear Information System (INIS)

Di Marzio, G.

2006-01-01

During the 1970s and 1980s advanced oil importing economies faced the adverse effects of oil supply disruptions with abrupt energy price rise, followed by sensible business cycle inversions and stagflation. The negative effects of the sharp energy price increase were amplified by factors such the induced costly resources reallocation between labour and capital, and between sectors of activity; rising uncertainty discouraging investments, and income redistribution consequences on aggregate demands After a shock the economic system generally adjusts in favour of less energy intensive industries; this leads pauses in production as part of the existing capital stock become obsolete, and causes resources under utilization. Since the 1970s a number of economists have been sceptical about why even large price shocks in a resource that accounts for less than 3-4 pct. of global GDP could cause losses of magnitude as those experienced in most advanced economies. They believe that monetary policy has played a role in generating the observed negative correlation between oil prices and economic activity, and question whether the post-oil-shock recessions were attributable to the oil price shocks themselves or to the monetary policy responding to these shocks. Empirical research largely shows a primary responsibility of large price shocks and major oil-supply disruptions on recessionary movements of GDP. Energy prices have risen sharply since 2003, driven by strengthening global demand; market fundamentals suggest that a considerable fraction of recent hikes will be permanent and current price levels remain credible. With limited spare capacity, the medium term oil supply-demand balance is expected to remain tight, and the price probably near current levels. Today' s high oil prices reflect the effects of sustained energy demand trends and, jointly, oil industry under investment during and after the low price era of the 1990s. The apparent moderate macro economic effects of the

Monetary Policy, Investment and Non-Fundamental Shocks

OpenAIRE

Fernando Alexandre

2002-01-01

Using a sticky price model with endogenous investment and adjustment costs we analyse the benefits of monetary policy reacting to asset prices, when investment is under the influence of a non-fundamental shock, both for inflation-forecast targeting rules and for Taylor rules. We conclude that in this context there are benefits from reacting to asset prices that result from a more stable output gap, which is the consequence of a much lower volatility in firms’ investment. Howeve...

The relationship between oil price shocks and China's macro-economy. An empirical analysis

International Nuclear Information System (INIS)

Du, Limin; Yanan, He; Wei; Chu

2010-01-01

This paper investigates the relationship between the world oil price and China's macro-economy based on a monthly time series from 1995:1 to 2008:12, using the method of multivariate vector autoregression (VAR). The results show that the world oil price affects the economic growth and inflation of China significantly, and the impact is non-linear. On the other hand, China's economic activity fails to affect the world oil price, which means that the world oil price is still exogenous with respect to China's macro-economy in time series sense, and China has not yet had an oil pricing power in the world oil markets. The structural stability tests demonstrate that there is a structural break in the VAR model because of the reforms of China's oil pricing mechanism, thus it is more appropriate to break the whole sample into different sub-samples for the estimation of the model. (author)

The impact of macro-economic circumstances and social protection expenditure on economic deprivation in 25 European countries, 2007-2011

NARCIS (Netherlands)

Visser, Mark; Gesthuizen, M.J.W.; Scheepers, P.L.H.

2014-01-01

In this study, we investigate to what extent macro-economic circumstances and social protection expenditure affect economic deprivation. We use three items from round five of the European Social Survey (2010-2011) to construct our latent outcome variable, which we label economic deprivation in the 3

Shocks, civil war and economic development in Sub-Saharan Africa

OpenAIRE

Nillesen, E.E.M.

2010-01-01

Foreign aid, low institutional quality and civil wars are associated with slow economic development in many Sub-Sahara African countries. I aim to identify causal relations and mechanisms that explain significant correlations. I use both macro- and micro-economic data and show that results are not necessarily far apart. I assess the influence of foreign aid using macro-level data of 30 Sub-Saharan African countries. Opponents argue that foreign aid corrupts, and will end up in the hands of a...

Modeling Business Cycle with Financial Shocks Basing on Kaldor-Kalecki Model

Directory of Open Access Journals (Sweden)

Zhenghui Li

2017-04-01

Full Text Available The effects of financial factors on real business cycle is rising to one of the most popular discussions in the field of macro business cycle theory. The objective of this paper is to discuss the features of business cycle under financial shocks by quantitative technology. More precisely, we introduce financial shocks into the classical Kaldor-Kalecki business cycle model and study dynamics of the model. The shocks include external shock and internal shock, both of which are expressed as noises. The dynamics of the model can help us understand the effects of financial shocks on business cycle and improve our knowledge about financial business cycle. In the case of external shock, if the intensity of shock is less than some threshold value, the economic system behaves randomly periodically. If the intensity of shock is beyond the threshold value, the economic system will converge to a normalcy. In the case of internal shock, if the intensity of shock is less than some threshold value, the economic system behaves periodically as the case without shock. If the intensity of shock exceeds the threshold value, the economic system either behaves periodically or converges to a normalcy. It is uncertain. The case with both two kinds of shocks is more complicated. We find conditions of the intensities of shocks under which the economic system behaves randomly periodically or disorderly, or converges to normalcy. Discussions about the effects of financial shocks on the business cycle are presented.

The effects of oil price shocks on output and inflation in China

International Nuclear Information System (INIS)

Zhao, Lin; Zhang, Xun; Wang, Shouyang; Xu, Shanying

2016-01-01

Crude oil price shocks derive from many sources, each of which may bring about different effects on macro-economy variables and require completely different designs in macro-economic policy; thus, distinguishing the sources of oil price fluctuations is crucial when evaluating these effects. This paper establishes an open-economy dynamic stochastic general equilibrium (DSGE) model with two economies: China and the rest of the world. To assess the effects of oil price shocks, the CES production function is extended by adding oil as an input. Based on the model, the effects of four types of oil price fluctuations are evaluated. The four types of oil price shocks are supply shocks driven by political events in OPEC countries, other oil supply shocks, aggregate shocks to the demand for industrial commodities, and demand shocks that are specific to the crude oil market. Simulation results indicate the following: Oil supply shocks driven by political events mainly produce short-term effects on China's output and inflation, while the other three shocks produce relatively long-term effects; in addition, demand shocks that are specific to the crude oil market contribute the most to the fluctuations in China's output and inflation.

A Study on the development of macro environmental economic model(I)

Energy Technology Data Exchange (ETDEWEB)

Chung, Young Keun; Han, Min Jung [Korea Environment Institute, Seoul (Korea)

1998-12-01

This study is the first year study of the two year research project for developing a macro environmental economic model to analyze environment and economics. By using this model, the economic effects of investment on pollution reduction and on energy conservation are analyzed. Also, a comprehensive modeling of analyzing effects of environmental tax, reduction on greenhouse gas emission, and problems on foreign exchange on environment and economy is a main goal of this study. It is planned to develop a simulation program for the estimation of model and policies using environmental and economic data. 126 refs., 2 figs., 5 tabs.

The Shock Routine

DEFF Research Database (Denmark)

van Hooren, Franca; Kaasch, Alexandra; Starke, Peter

2014-01-01

in Australia, Belgium, the Netherlands and Sweden over the course of four global economic shocks, we ask whether the notion of critical junctures is useful in understanding the nature of change triggered by crisis. The main empirical finding is that fundamental change in the aftermath of an exogenous shock...... is the exception rather than the rule. Instead, incremental ‘crisis routines’ based on existing policy instruments are overwhelmingly used to deal with economic hardship. We discuss these findings in the light of the psychological ‘threat-rigidity’ effect and reflect on their consequences for theories...

An Alternative to the Problematic Macro-Micro Structure of Introductory Economics.

Science.gov (United States)

Tinari, Frank D.

The paper explains an alternative structure to teaching micro and macroeconomic theory and describes the characteristics that make it an effective framework for introductory and principles courses. The teaching of economics principles typically proceeds by separating macroeconomic theory and microeconomic theory. But the use of the macro-micro…

DISRUPTING SHOCKS IN POSTWAR GLOBAL ECONOMIC EXPANSION

Directory of Open Access Journals (Sweden)

Dumitru FILIPEANU

2016-06-01

Full Text Available The coherence of the global economic system, created by its upswing in the first postwar decades, started to crumble in the ’70s. The destabilizing shocks affected the entire world, but in an uneven manner, in different geographical areas and at different times, being felt most acutely, with devastating economic and social effects, in Third World countries. Although the developed countries were affected as well, they always had means to combat or to diminish the adverse effects of the crises, leading to "gentler" consequences. This paper focuses on four main aspects in postwar global economic expansion, namely: the ’70s – the international monetary crisis and the oil shocks; the foreign debt crisis; the Latin American debt crisis, the Asian financial crises and the current global crisis.

Shocks, civil war and economic development in Sub-Saharan Africa

NARCIS (Netherlands)

Nillesen, E.E.M.

2010-01-01

Foreign aid, low institutional quality and civil wars are associated with slow economic development in many Sub-Sahara African countries. I aim to identify causal relations and mechanisms that explain significant correlations. I use both macro- and micro-economic data and show that results are not

Navigating catastrophes: Local but not global optimisation allows for macro-economic navigation of crises

Science.gov (United States)

Harré, Michael S.

2013-02-01

Two aspects of modern economic theory have dominated the recent discussion on the state of the global economy: Crashes in financial markets and whether or not traditional notions of economic equilibrium have any validity. We have all seen the consequences of market crashes: plummeting share prices, businesses collapsing and considerable uncertainty throughout the global economy. This seems contrary to what might be expected of a system in equilibrium where growth dominates the relatively minor fluctuations in prices. Recent work from within economics as well as by physicists, psychologists and computational scientists has significantly improved our understanding of the more complex aspects of these systems. With this interdisciplinary approach in mind, a behavioural economics model of local optimisation is introduced and three general properties are proven. The first is that under very specific conditions local optimisation leads to a conventional macro-economic notion of a global equilibrium. The second is that if both global optimisation and economic growth are required then under very mild assumptions market catastrophes are an unavoidable consequence. Third, if only local optimisation and economic growth are required then there is sufficient parametric freedom for macro-economic policy makers to steer an economy around catastrophes without overtly disrupting local optimisation.

Oil Prices, Credit Risks in Banking Systems, and Macro-Financial Linkages across GCC Oil Exporters

Directory of Open Access Journals (Sweden)

Saleh Alodayni

2016-11-01

Full Text Available This paper assesses the effect of the recent 2014–2015 oil price slump on the financial stability in the Gulf Cooperation Council (GCC region. The first objective of this paper is to assess how oil price shock propagates within the macroeconomy and how the macro shocks transmit to GCC banks’ balance sheets. This part of the paper implements a System Generalized Method of Moments (GMM and a Panel Fixed Effect Model to estimate the response of nonperforming loans (NPLs to its macroeconomic determinants. The second objective of this paper is to assess any negative feedback effects between the GCC banking systems and the economy. The paper, therefore, implements a Panel VAR model to explore the macro-financial linkages between GCC banking systems and the real economy. The results indicate that oil price, non-oil GDP, interest rate, stock prices, and housing prices are major determinants of NPLs across GCC banks and the overall financial stability in the region. Credit risk shock tends to propagate disturbances to non-oil GDP, credit growth, and stock prices across GCC economies. A higher level of NPLs restricts banks’ credit growth and can dampen economic growth in these economies. The results support the notion that disturbances in banking systems lead to unwanted economic consequences for the real sector.

Library macro-environment: New technological and economic rules

Directory of Open Access Journals (Sweden)

Karmen Štular-Sotošek

2003-01-01

Full Text Available Fast and flexible adaptation to changes in the macro-environment is also crucial for libraries, which have to review them, respond to them and become a part of them. Consequently, the application of marketing science and tools helps libraries to find out how to survive in the competitive world and how to become better and stronger. The article, which draws from marketing, economic and information disciplines, introduces the main principles in the technological and economic environment of libraries and finds the knowledge about these disciplines to be most crucial for successful management of modern libraries, especially on the pretentious publishing market and on the market of information suppliers. Within the technological and economic environment, the cooperation is the only logical solution, which benefits the producers of information services and products as well as libraries. The following text finds that libraries will achieve long-term success and will be proactive in developing partnerships only by using relationship marketing. This relatively new approach offers libraries new ways for successful and long-term management of alliances between partners.

The macro-economic impact of a foot-and-mouth disease incursion in New Zealand.

Science.gov (United States)

Belton, D J

2004-01-01

The 2001 outbreak of Foot-and-Mouth Disease (FMD) in the United Kingdom heightened public concern in New Zealand about the economic consequences of an outbreak of FMD, and resulted in the Reserve Bank and Treasury conducting an assessment of the macro-economic impact of a small FMD outbreak in New Zealand. The study was based on a relatively small outbreak in which 50 properties were infected over a period of two months. Cumulative losses calculated over two years from the beginning of the hypothetical outbreak were estimated at around NZ dollars 10 billion, a figure twice as large as the initial Ministry of Agriculture and Forestry estimate. The main reason for this difference is that the Reserve Bank study included the additional macro-economic effects of a slump in domestic demand. The study also demonstrated that in New Zealand under the conditions of the current OIE Terrestrial Animal Health Code for FMD, the economic impact of any programme to control FMD by vaccination in which vaccinated animals are not slaughtered, is significantly worse than rapid eradication by stamping out.

Economic Shocks and Subjective Well-Being

DEFF Research Database (Denmark)

Hariri, Jacob Gerner; Bjørnskov, Christian; Justesen, Mogens Kamp

This paper examines how economic shocks affect individual well-being in developing countries. Using the case of a sudden and unanticipated currency devaluation in Botswana as a quasi-experiment, we examine how this monetary shock affects individuals’ evaluations of well-being. We do so by using...... micro-level survey data, which – incidentally – was collected in the days surrounding the devaluation. The chance occurrence of the devaluation during the time of the survey enables us to use pre-treatment respondents, surveyed before the devaluation, as approximate counterfactuals for post......-treatment respondents, surveyed after the devaluation. Our estimates show that the devaluation had a large and significantly negative effect on individuals’ evaluations of subjective well-being. These results suggest that macroeconomic shocks, such as unanticipated currency devaluations, may have significant short...

Economic Shocks and Subjective Well-being

DEFF Research Database (Denmark)

Hariri, Jacob Gerner; Bjørnskov, Christian; Justesen, Mogens Kamp

This paper examines how economic shocks affect individual well-being in developing countries. Using the case of a sudden and unanticipated currency devaluation in Botswana as a quasi-experiment, we examine how this monetary shock affects individuals’ evaluations of well-being. We do so by using...... micro-level survey data, which – incidentally – was collected in the days surrounding the devaluation. The chance occurrence of the devaluation during the time of the survey enables us to use pre-treatment respondents, surveyed before the devaluation, as approximate counterfactuals for post......-treatment respondents, surveyed after the devaluation. Our estimates show that the devaluation had a large and significantly negative effect on individuals’ evaluations of subjective well-being. These results suggest that macroeconomic shocks, such as unanticipated currency devaluations, may have significant short...

Fundamental Fields of Post-Schumpeterian Evolutionary Economics

DEFF Research Database (Denmark)

Andersen, Esben Sloth

2014-01-01

economic evolution as a process of the innovative renewal of business routines. He also explored the idea that the development of economics requires coordinated efforts within the “fundamental fields” of theory, history, statistics, and economic sociology. The paper applies this idea in an analysis...

Fundamental fields of post-Schumpeterian evolutionary economics

DEFF Research Database (Denmark)

Andersen, Esben Sloth

economic evolution as a process of the innovative renewal of business routines. He also explored the idea that the development of economics requires coordinated efforts within the “fundamental fields” of theory, history, statistics, and economic sociology. The paper applies this idea in an analysis...

A macro-economic framework for evaluation of cyber security risks related to protection of intellectual property.

Science.gov (United States)

Andrijcic, Eva; Horowitz, Barry

2006-08-01

The article is based on the premise that, from a macro-economic viewpoint, cyber attacks with long-lasting effects are the most economically significant, and as a result require more attention than attacks with short-lasting effects that have historically been more represented in literature. In particular, the article deals with evaluation of cyber security risks related to one type of attack with long-lasting effects, namely, theft of intellectual property (IP) by foreign perpetrators. An International Consequence Analysis Framework is presented to determine (1) the potential macro-economic consequences of cyber attacks that result in stolen IP from companies in the United States, and (2) the likely sources of such attacks. The framework presented focuses on IP theft that enables foreign companies to make economic gains that would have otherwise benefited the U.S. economy. Initial results are presented.

Economic shocks and child welfare: the effect of past economic shocks on child nutritional achievements, schooling and work in rural and urban Ethiopia

NARCIS (Netherlands)

Woldehanna, T.

2009-01-01

Using data from the Young Lives younger cohort, we examine the effect of economic shocks on nutritional achievement, schooling and child work of index children (at age 5), controlling for various individual and household characteristics. Shocks that occurred both before and after the child was born

Global oil prices, macroeconomic fundamentals and China's commodity sector comovements

International Nuclear Information System (INIS)

Chen, Peng

2015-01-01

This paper investigates the common movements of commodity sectors in China as well as the economic underpinnings of the comovements. We employ a Bayesian dynamic latent factor model to disentangle the common and idiosyncratic sector-specific factors of the prices of a group of China's commodity sectors: petrochemicals, grains, energy, non-ferrous metals, oils & fats, and softs. The results indicate that the common factor accounts for a significant portion of the fluctuations of China's commodity sectors, providing evidence of the strong commodity sector comovements in China. We further use a VAR model to link the common movements across China's commodity sectors to the underlying determinants, including global oil price shocks and domestic macroeconomic fluctuations. We find that the global oil price shocks have strong effects on the common movements across commodity sectors in China in addition to its domestic macroeconomic fluctuations at long horizons. However, at short horizons, the common movements across commodity sectors in China respond more strongly to the global oil shocks than to its domestic macroeconomic fluctuations. - Highlights: • We examine the comovements of commodity prices at the industry level in China. • The common factor accounts for a significant portion of commodity sector fluctuations. • We investigate the joint impacts of global oil price shocks and domestic macro fluctuations on the comovements. • The global oil price shocks have persistent and strong effects on the comovements. • The impacts of domestic macro fluctuations on the comovements differ at short and long horizons.

A numerical study of fundamental shock noise mechanisms. Ph.D. Thesis - Cornell Univ.

Science.gov (United States)

Meadows, Kristine R.

1995-01-01

The results of this thesis demonstrate that direct numerical simulation can predict sound generation in unsteady aerodynamic flows containing shock waves. Shock waves can be significant sources of sound in high speed jet flows, on helicopter blades, and in supersonic combustion inlets. Direct computation of sound permits the prediction of noise levels in the preliminary design stage and can be used as a tool to focus experimental studies, thereby reducing cost and increasing the probability of a successfully quiet product in less time. This thesis reveals and investigates two mechanisms fundamental to sound generation by shocked flows: shock motion and shock deformation. Shock motion is modeled by the interaction of a sound wave with a shock. During the interaction, the shock wave begins to move and the sound pressure is amplified as the wave passes through the shock. The numerical approach presented in this thesis is validated by the comparison of results obtained in a quasi-one dimensional simulation with linear theory. Analysis of the perturbation energy demonstrated for the first time that acoustic energy is generated by the interaction. Shock deformation is investigated by the numerical simulation of a ring vortex interacting with a shock. This interaction models the passage of turbulent structures through the shock wave. The simulation demonstrates that both acoustic waves and contact surfaces are generated downstream during the interaction. Analysis demonstrates that the acoustic wave spreads cylindrically, that the sound intensity is highly directional, and that the sound pressure level increases significantly with increasing shock strength. The effect of shock strength on sound pressure level is consistent with experimental observations of shock noise, indicating that the interaction of a ring vortex with a shock wave correctly models a dominant mechanism of shock noise generation.

Analysis of the Economic Impact of Large-Scale Deployment of Biomass Resources for Energy and Materials in the Netherlands. Macro-economics biobased synthesis report

International Nuclear Information System (INIS)

Hoefnagels, R.; Dornburg, V.; Faaij, A.; Banse, M.

2009-03-01

The Bio-based Raw Materials Platform (PGG), part of the Energy Transition in The Netherlands, commissioned the Agricultural Economics Research Institute (LEI) and the Copernicus Institute of Utrecht University to conduct research on the macro-economic impact of large scale deployment of biomass for energy and materials in the Netherlands. Two model approaches were applied based on a consistent set of scenario assumptions: a bottom-up study including technoeconomic projections of fossil and bio-based conversion technologies and a topdown study including macro-economic modelling of (global) trade of biomass and fossil resources. The results of the top-down and bottom-up modelling work are reported separately. The results of the synthesis of the modelling work are presented in this report

An empirical study to measure the impact of financial and macro economical figures on capital adequacy

Directory of Open Access Journals (Sweden)

Mohsen Babaei dazghei

2012-09-01

Full Text Available Capital adequacy plays an important role for reducing different risk components in banking industry. In this paper, we present an empirical study to measure the impact of financial and macro economical factors on capital adequacy. We gather the necessary information from financial statements and balance sheets of nine Iranian private banks over the period of 2005-2011. The results of analyzing the data based on the implementation of linear regression technique reveal that there are some meaningful relationship between financial figures, including bank size and profitability, and capital adequacy. However, the survey does not show any relationship between macro economical factors, including growth domestic product and inflations, and capital adequacy.

Fundamental Fields of: Post-Schumpeterian Evolutionary Economics

OpenAIRE

Esben Sloth Andersen

2008-01-01

Although the branch of economics that deals with economic evolution has become established during the last couple of decades, its aims and potentials can most easily be understood on the background of the work of early pioneers. Joseph A. Schumpeter’s contribution not only analysed capitalist economic evolution as a process of the innovative renewal of business routines. He also explored the idea that the development of economics requires coordinated efforts within the “fundamental fields” of...

Analysis of the economic impact of large-scale deployment of biomass resources for energy and materials in the Netherlands : macro-economics biobased synthesis report

NARCIS (Netherlands)

Hoefnagels, R.; Dornburg, V.; Faaij, A.; Banse, M.A.H.

2011-01-01

The Bio-based Raw Materials Platform (PGG), part of the Energy Transition in The Netherlands, commissioned the Agricultural Economics Research Institute (LEI) and the Copernicus Institute of Utrecht University to conduct research on the macro-economic impact of large scale deployment of biomass for

RESEARCH METHODOLOGY FUNDAMENTALS OF THE UKRAINIAN PROCESSING AND MANUFACTURING ENTERPRISES ECONOMIC POTENTIAL

Directory of Open Access Journals (Sweden)

Yurii Gudz

2016-11-01

Full Text Available The purpose of the paper is to find the most appropriate application ways for simulating of the business activities of the manufacturing and processing agriculture enterprises dealing in the corruptive Ukrainian environment and to overcome the fundamental methodology contradictions to be able to perform more accurate results of the economic potential assessment despite the sophisticated defects inherent in current industry sector. Methodology includes publication research, interviews and practical comparison of the published statistic data and real production volume, returns and other indicators to be able to estimate actual potential of the target enterprises. The paper comes through the classical analytical methods showing their application pros and contras in highly corruptive environment with the strong trend of data falsification. Results of the survey show the basic economic methods applicable for the research activity of processing and manufacturing enterprises operating in the field of agriculture. The authors’ experience picks up the problem of the urgent need of new methodology among vast abstractive researching executed by the majority of the scientists as they have some contradictions when we apply them for the real industry segment or even an enterprise. Corruption affecting the general statistic data misrepresents the facts therefore current (classic methods are not able to show real economic trends in the industrial segment. So the authors persist on the significance of the corruption distortion considering e.g. to identify the actual macro- and microeconomic indicators, indexes and ratios we involve the stage researching system of multidimensional comparative analysis to rank received rating and find appropriate position for enterprise and as we cannot ignore a constantly growing shadow sector of Ukrainian economy we perform economic potential assessment of the target enterprise with the identification of the shadow sector with

Economic impact of oil price shocks on the Turkish economy in the coming decades: A dynamic CGE analysis

International Nuclear Information System (INIS)

Aydin, Levent; Acar, Mustafa

2011-01-01

As a small open economy, Turkey depends on both imported oil and natural gas, importing almost two-thirds of its primary energy demand. This paper analyzes the economic effects of oil price shocks for Turkey as a small, open oil- and gas-importing country. To analyze the potential long-term effects of oil price shocks on macroeconomic variables of interest, including GDP, consumer price inflation, indirect tax revenues, trade balance, and carbon emissions, we developed TurGEM-D, a dynamic multisectoral general equilibrium model for the Turkish economy. Using TurGEM-D, we analyzed the impact of oil price shocks under three distinct scenarios: reference, high and low oil prices. The simulation results show that these oil prices have very significant effects on macro indicators and carbon emissions in the Turkish economy. - Research highlights: → World oil prices are projected to rise in coming decade, to around $185 per barrel in 2020. → If this occurs in Turkey, how to quantitatively evaluate the impacts on Turkish economy? → Cumulative output loss resulting from world oil prices increased by 121% can be as large as 14%. → Cumulative inflation as measured by CPI index can be nearly 5% under a fixed exchange rate regime. → Cumulative carbon emissions fall by around 51.7% without using any tools for climate change policy.

Analysis of the relationship between the energy consumption and macro economic parameters

International Nuclear Information System (INIS)

Hadzi-Mishev, Dimitar

1997-01-01

An analysis was made of the relationship between the consumption of certain types of energy and the realized Bruto Domestic Product according to current prices. In the analysis of conditions in the energy sector in the past period, and in the analysis of expected conditions in the future, exceptionally important are correlations between the consumption of certain types of energy and the macro-economic parameters in the state. (author)

The long-run impact of energy prices on world agricultural markets: The role of macro-economic linkages

International Nuclear Information System (INIS)

Gohin, A.; Chantret, F.

2010-01-01

The world prices of some food and energy products have followed similar large swings in recent years. We investigate the long-run relationship between these prices using a world Computable General Equilibrium model with detailed representations of food and energy markets. Particular attention is paid to specifying macro-economic linkages which have often been overlooked in recent analysis and debate. We find that the omission of these macro-economic linkages has a substantial bearing on this relationship. A positive relationship due to the cost push effect has been identified in most analysis, but we find that the introduction of the real income effect may indeed imply a negative relationship between world food and energy prices.

Macro-economic model of aggregate market in the Albanian economy, and relevant problems thereto

Directory of Open Access Journals (Sweden)

Dr.Sc. Alqi Naqellari

2011-12-01

Full Text Available This paper uses concrete data obtained on the Albanian economy to analyse the positions of aggregate demand/supply curves in the economy. As examples from micro-economics, we have taken the models of Ŵalras and Marshall, to view the possibilities of achieving an economic equilibrium. Data available from the Albanian economy, and from the global economic trends generally, have shown that the positions of curves are such, with differences in their inclination, while the classic position of the aggregate demand curve, with a negative trend, studied in the macro-economic theory, is unique. Therefore, our objective is to try and show the scholars of the field that the macro-economic problems must be viewed in this light, and not through the static scheme used so far. The equilibrium is met not only when the aggregate demand and aggregate supply curves are met, meaning when the aggregate expenditure are equal to aggregate production, but it exists at every moment, independently of whether it is consistent or not, while the pricing trends continue to increase, similar to two other aggregates. The understanding of such a situation should give the possibility to governments and other policy-making institutions to review their positions and relations with monetary and fiscal indicators, in a view of making the organic connection, and increasing their working effectiveness. The paper aims to show how one can define the relation between monetary and fiscal policies necessary to see their role and relevance in the economic growth of a country.

Effects of Economic Policy Uncertainty Shocks on the Long-Run US-UK Stock Market Correlation

DEFF Research Database (Denmark)

Asgharian, Hossein; Christiansen, Charlotte; Gupta, Rangan

We use the economic policy uncertainty indices of Baker, Bloom, and Davis (2016) in combination with the mixed data sampling (MIDAS) approach to investigate the US and UK stock market movements. The long-run US-UK stock market correlation depends positively on US economic policy uncertainty shocks....... The US long-run stock market volatility depends significantly on the US economic policy uncertainty shocks but not on UK shocks while the UK depends significantly on both....

The Baltic Sea Macro-Regional Transport Cluster as an Element of the Silk Road Economic Belt

Directory of Open Access Journals (Sweden)

Nežerenko Olga

2017-08-01

Full Text Available This article analyzes the opportunities of the Chinese initiative “One Belt, One Road”, for the development of the Baltic Sea macro-region (BSR, as a single transport cluster. One of the objectives of the initiative is to strengthen transport linkages from the Pacific Ocean to the Baltic Sea Region. Thus, the contemporary macro-regional approach to the development of EU macro-regions can provide an additional impulse to the creation of formal macro-regional inter-cooperation, via in this case, the project that will advance the transport infrastructure of the region. This study examines the situation of the railway sector in the BSR in the period 2004–2015, through hierarchical cluster analysis, to identify countries with similar trends in cargo flow turnover. Taking into account the favorable geographical position of Poland, its transport performance and advanced (in comparison to other Baltic Sea region countries relations with China, it is concluded that Poland’s conditions are more suitable to promote economic integration with its closest neighbors – the Baltic countries-through the creation of formal macro-regional railway transport within the Rail Baltic project.

The effect of long and short time oil shocks on economic growth in Iran

OpenAIRE

Sayyed Abdolmajid Jalae; Sanaz Mohammadi

2012-01-01

Oil is one of the strategic good so that price fluctuations and shocks of it have major effects on economic growth and recession in depended countries to revenues of it. In this study, it is tried that the effect of oil price shocks investigated in two types (short and long time) on Economic growth in Iran. Its Period is from 1974 to 2006. According it, oil price uncertainty is quantized by GARCH model and is determined the effects of oil price shocks on economic growth in Iran during a short...

Retail payments and economic growth

OpenAIRE

Hasan, Iftekhar; De Renzis, Tania; Schmiedel , Heiko

2012-01-01

This paper examines the fundamental relationship between retail payments and overall economic growth. Using data from across 27 European markets over the period 1995–2009, the results confirm that migration to efficient electronic retail payments stimulates overall economic growth, consumption and trade. Among different payment instruments, this relationship is strongest for card payments, followed by credit transfers and direct debits. Cheque payments are found to have a relatively low macro...

Macro-economic factors influencing the architectural business model shift in the pharmaceutical industry.

Science.gov (United States)

Dierks, Raphaela Marie Louisa; Bruyère, Olivier; Reginster, Jean-Yves; Richy, Florent-Frederic

2016-10-01

Technological innovations, new regulations, increasing costs of drug productions and new demands are only few key drivers of a projected alternation in the pharmaceutical industry. The purpose of this review is to understand the macro economic factors responsible for the business model revolution to possess a competitive advantage over market players. Areas covered: Existing literature on macro-economic factors changing the pharmaceutical landscape has been reviewed to present a clear image of the current market environment. Expert commentary: Literature shows that pharmaceutical companies are facing an architectural alteration, however the evidence on the rationale driving the transformation is outstanding. Merger & Acquisitions (M&A) deals and collaborations are headlining the papers. Q1 2016 did show a major slowdown in M&A deals by volume since 2013 (with deal cancellations of Pfizer and Allergan, or the downfall of Valeant), but pharmaceutical analysts remain confident that this shortfall was a consequence of the equity market volatility. It seems likely that the shift to an M&A model will become apparent during the remainder of 2016, with deal announcements of Abbott Laboratories, AbbVie and Sanofi worth USD 45billion showing the appetite of big pharma companies to shift from the fully vertical integrated business model to more horizontal business models.

Improvement of Information and Methodical Provision of Macro-economic Statistical Analysis

Directory of Open Access Journals (Sweden)

Tiurina Dina M.

2014-02-01

Full Text Available The article generalises and analyses main shortcomings of the modern system of macro-statistical analysis based on the use of the system of national accounts and balance of the national economy. The article proves on the basis of historic analysis of formation of indicators of the system of national accounts that problems with its practical use have both regional and global reasons. In order to eliminate impossibility of accounting life quality the article offers a system of quality indicators based on the general perception of wellbeing as assurance in own solvency of population and representative sampling of economic subjects.

The Effects of Macro Economic Factors to Banking Sector Returns: Borsa Istanbul Cas e

Directory of Open Access Journals (Sweden)

Gökhan Özkul

2015-12-01

Full Text Available Today, technological and scientific developments impact the banking sector and enhance the commercial, as well as financial functionality of the banking sector. Improvement of this functionality caused a gradual increase in the banks’ profits; as a result of which, the bank profits now has become more crucial for the market. The cruciality is a result of the fact that banking sector’s revenues do not concern the bank owners and partners only; the revenues also concern the investors that trade stocks of the banks. This paper discusses the macro economical factors that have certain impact on the bank revenues, to which more importance has been attached for recent years. This paper takes basis BIST Top 10 Bank Return Index monthly data between January 2010 and July 2014. The macro economic factors that have impact on bank returns are handled through multiple linear regression model. The analysis finds that BIST Top 100 Return Index has positive impact on BIST Top 10 bank return index, whereas money supply (M1, industrial production index and export unit value index has negative impact on BIST Top 10 Bank Return Index

Credit cycles and macro fundamentals

NARCIS (Netherlands)

Koopman, S.J.; Kraeussl, R.G.W.; Lucas, A.; Monteiro, A.

2009-01-01

We use an intensity-based framework to study the relation between macroeconomic fundamentals and cycles in defaults and rating activity. Using Standard and Poor's U.S. corporate rating transition and default data over the period 1980-2005, we directly estimate the default and rating cycle from micro

Import of renewable energy from biomass from Sweden by The Netherlands. Costs and macro-economic effects

International Nuclear Information System (INIS)

Agterberg, A.E.

1997-12-01

Import of renewable energy from biomass by the Netherlands is expected to be necessary to meet the objective for renewable energy set by the Dutch government. However, this import does not take place yet and there are many possibilities for import because several countries may serve as a supplier of biomass, there are several types of biomass available in these countries and this biomass can be transported to the Netherlands in many ways. Analysis is necessary to find out what are the best possibilities for import of renewable energy from biomass by the Netherlands. In this study the import of energy, produced in Sweden from biomass, by the Netherlands is analyzed. Sweden is selected as the biomass supplying country because it is expected to have a large potential of biomass. The aspects studied are costs and macro-economic effects (increase in employment and value added caused by the import operation). The objectives are: (1) Selection of likely export chains based on the different sources of biomass for energy in Sweden and the different energy carriers that can be exported; (1) Calculation of the costs for the delivery of 1 kWh of electricity to the main grid in the Netherlands for each chain, for the present and for the year 2010; (3) Calculation of macro-economic effects (changes in employment and value added) in Sweden and the Netherlands for the import of 10 PJ of energy from biomass per year for each chain; (4) Comparison of the chains based on both costs and macro-economic effects; and (5) Discussion of the method and recommendations for simplifications for application in situations with a lower data quality. 45 refs

Measuring Impact of Uncertainty in a Stylized Macro-Economic Climate Model within a Dynamic Game Perspective

NARCIS (Netherlands)

Stienen, V.F.; Engwerda, Jacob

2018-01-01

In this paper we try to quantify/measure the main factors that influence the equilibrium outcome and pursued strategies in a simplistic model for the use of fossil versus green energy over time. The model is derived using the standard Solow macro-economic growth model in a two-country setting within

Gender as a Macro Economic Variable

NARCIS (Netherlands)

I.P. van Staveren (Irene)

2014-01-01

markdownabstract__Abstract__ This chapter will analyse how gender can be used in a meaningful way in macroeconomic analysis. The challenge is that gender cannot be measured easily at the macro level. This is either because current gender variables are one-dimensional and miss out much gender

Gender as a Macro Economic Variable

NARCIS (Netherlands)

I.P. van Staveren (Irene)

2013-01-01

markdownabstract__Abstract__ This chapter will analyse how gender can be used in a meaningful way in macroeconomic analysis. The challenge is that gender cannot be measured easily at the macro level. This is either because current gender variables are one-dimensional and miss out much gender

Financial sector development, economic volatility and shocks in sub-Saharan Africa

Science.gov (United States)

Ibrahim, Muazu; Alagidede, Paul

2017-10-01

The role of financial sector development in economic volatility has been extensively studied albeit without informative results largely on the failure of extant studies to decompose volatility into its various components. By disaggregating volatility using the spectral approach, this study examines the effect of financial development on volatility components as well as channels through which finance affects volatility in 23 sub-Saharan African countries over the period 1980-2014. Our findings based on the newly developed panel cointegration estimation strategy reveal that while financial development affects business cycle volatility in a non-linear fashion, its effect on long run fluctuation is imaginary. More specifically, well developed financial sectors dampen volatility. Further findings show that while monetary shocks have large magnifying effect on volatility, their effect in the short run is minuscule. The reverse, however, holds for real shocks. The channels of manifestation shows that financial development dampens (magnifies) the effect of real shocks (monetary shocks) on the components of volatility with the dampening effects consistently larger only in the short run. Strengthening financial sector supervision and cross-border oversight may be very crucial in examining the right levels of finance and price stability necessary to falter economic fluctuations.

Study on developing energy-macro model

Energy Technology Data Exchange (ETDEWEB)

Kim, Young Duk [Korea Energy Economics Institute, Euiwang (Kenya)

1999-12-01

It analyzed the effect of international oil price on domestic economy and its path, time difference and degree of effect. First of all, it analyzed whether the long-term relationship between international oil price and price exists focusing on integral relationship, and estimated dynamic price fluctuation by using error correction model. Moreover, using structural VAR model, it analyzed what kind of shocking reactions are showed when the increase of international oil price affects on domestic macro economic variables. Commonly it is estimated that price is increasing in a long term not in a short term as the international oil price is increasing. When the international oil price increases, it is estimated that its effect in a short term is insignificant because of direct price control by the government and then its spreading effect on economy shows a long-term effect by deepening the price control. (author). 16 refs., 3 figs., 10 tabs.

Misinterpretations of the Second Fundamental Theorem of Welfare Economics: Barriers to Better Economic Education.

Science.gov (United States)

Bryant, William D. A.

1994-01-01

Asserts that errors frequently are made in teaching about the second fundamental theorem of welfare economics. Describes how this issue usually is taught in undergraduate economics courses. Discusses how this interpretation contains errors and may hinder students' analysis of public policy regarding welfare systems. (CFR)

Bio-based economy in the Netherlands. Macro-economic outline of a large-scale introduction of green resources in the Dutch energy supply

International Nuclear Information System (INIS)

Van der Hoeven, D.

2009-03-01

The Bio-based Raw Materials Platform (PGG), part of the Energy Transition in The Netherlands, commissioned the Agricultural Economics Research Institute (LEI) and the Copernicus Institute of Utrecht University to conduct research on the macro-economic impact of large scale deployment of biomass for energy and materials in the Netherlands. Two model approaches were applied based on a consistent set of scenario assumptions: a bottom-up study including technoeconomic projections of fossil and bio-based conversion technologies and a topdown study including macro-economic modelling of (global) trade of biomass and fossil resources. The results of the top-down and bottom-up modelling work are reported separately. This is the public version of studies [nl

The Second Fundamental Theorem of Welfare Economics: A Pedagogical Note

OpenAIRE

Parrinello Sergio

1998-01-01

The author extends the criticism that W. Bryant (1994) levelled against the usual treatment given to the Second Fundamental Theorem of Welfare Economics in many microeconomics textbooks and economic journal literature. He argues that the omission of basic caveats makes the usual interpretation misleading and an obstacle to better economic education.

How Accurate are Government Forecast of Economic Fundamentals?

NARCIS (Netherlands)

C-L. Chang (Chia-Lin); Ph.H.B.F. Franses (Philip Hans); M.J. McAleer (Michael)

2009-01-01

textabstractA government’s ability to forecast key economic fundamentals accurately can affect business confidence, consumer sentiment, and foreign direct investment, among others. A government forecast based on an econometric model is replicable, whereas one that is not fully based on an

Economic shocks, governance and violence: A subnational level analysis of Africa

OpenAIRE

Kibriya, Shahriar; Xu, Zhicheng P.; Zhang, Yu

2015-01-01

By using a geo-coded disaggregated dataset in sub-Saharan Africa over the period 1997–2013, we exploit year-to-year rainfall variation as an instrumental variable to estimate the causal effect of economic shocks on civil conflict conditional on governance quality. We confirm earlier findings that adverse rainfall shocks increase the likelihood of conflict in sub-Saharan Africa. We also investigate the role of governance quality on conflict in sub-Saharan Africa. The results underscore that im...

Regional Resilience of the Ural Federal District in Economic Shocks and Crises: Medico-Demographic and Environmental Aspects

Directory of Open Access Journals (Sweden)

Boris Alengordovich Korobitsyn

2016-09-01

Full Text Available Health, demographic and environmental consequences of 1998 and 2008 economic crises for the Ural Federal District are considered in the paper. Regional resilience is defined as the ability of a regional socio-economic system to withstand, absorb or overcome an internal or external economic shock. The quantitative analysis of regional resilience of the subject entities of the Ural Federal District is based on two interrelated dimensions: resistance, those are the vulnerability or sensitivity of a regional socio-economic system to disturbances and disruptions; and the speed and extend of recovery from such a disruption. Because resilience as a concept captures resistance to the shock and recovery from it, resistance indexes and recovery indexes are used for assessing the impact of regions to recessionary shocks. Three sets of resilience indicators were used: economic, environmental and medico-demographic ones. The main criteria for selecting resilience indicators were their robustness as a measure of the territorial impact of the economic crisis and availability of long time series. Special attention is paid to the question identification of the qualitative and quantitative factors, which form the territorial characteristics enabling some regions to resist, or move out of, economic downturn more effectively than others. Unfortunately, a valid answer to the question why some regions are more able to withstand an economic downturn than others, or are able to recover faster, cannot be given at present. Resilience to an economic shock does not necessarily imply that the economy is otherwise strong and performing well over the longer-term. Regions that experience strong economic growth prior to a shock may appear to be less resilient. Such components of the regional socio-economic system as reserves of natural resources, sectoral structure of regional economy, skills of population, diversified economy and quality of governance do not define uniquely

The impact of global oil price shocks on China’s bulk commodity markets and fundamental industries

International Nuclear Information System (INIS)

Zhang, Chuanguo; Chen, Xiaoqing

2014-01-01

This paper investigated the reaction of aggregate commodity market to oil price shocks and also explored the effects of oil price shocks on China's fundamental industries: metals, petrochemicals, grains and oilfats. We separated the volatilities of oil price into expected, unexpected and negatively expected categories to identify how oil prices influence bulk commodity markets. We contrasted the results between different periods and among classified indices, in order to discover the significant changes in recent years and the differences at an industry level. Our results indicate that the aggregate commodity market was affected by both expected and unexpected oil price volatilities in China. The impact of unexpected oil price volatilities became more complex after 2007. The metals and grains indices did not significantly respond to the expected volatility in oil prices, in contrast to the petrochemicals and oilfats indices. These results not only contribute to advancing the existing literature, but also merit particular attention from policy makers and market investors in China. - Highlights: • We investigated the impact of global oil price shocks on China’s bulk commodity markets and fundamental industries. • The aggregate commodity market was affected by both expected and unexpected oil price volatilities. • The impact of unexpected oil price volatilities became more complex after 2007. • The metals and grains indices did not significantly respond to the expected volatility in oil prices

Fundamental structure of steady plastic shock waves in metals

Science.gov (United States)

Molinari, A.; Ravichandran, G.

2004-02-01

The propagation of steady plane shock waves in metallic materials is considered. Following the constitutive framework adopted by R. J. Clifton [Shock Waves and the Mechanical Properties of Solids, edited by J. J. Burke and V. Weiss (Syracuse University Press, Syracuse, N.Y., 1971), p. 73] for analyzing elastic-plastic transient waves, an analytical solution of the steady state propagation of plastic shocks is proposed. The problem is formulated in a Lagrangian setting appropriate for large deformations. The material response is characterized by a quasistatic tensile (compression) test (providing the isothermal strain hardening law). In addition the elastic response is determined up to second order elastic constants by ultrasonic measurements. Based on this simple information, it is shown that the shock kinetics can be quite well described for moderate shocks in aluminum with stress amplitude up to 10 GPa. Under the later assumption, the elastic response is assumed to be isentropic, and thermomechanical coupling is neglected. The model material considered here is aluminum, but the analysis is general and can be applied to any viscoplastic material subjected to moderate amplitude shocks. Comparisons with experimental data are made for the shock velocity, the particle velocity and the shock structure. The shock structure is obtained by quadrature of a first order differential equation, which provides analytical results under certain simplifying assumptions. The effects of material parameters and loading conditions on the shock kinetics and shock structure are discussed. The shock width is characterized by assuming an overstress formulation for the viscoplastic response. The effects on the shock structure of strain rate sensitivity are analyzed and the rationale for the J. W. Swegle and D. E. Grady [J. Appl. Phys. 58, 692 (1985)] universal scaling law for homogeneous materials is explored. Finally, the ability to deduce information on the viscoplastic response of

Fundamental structure of steady plastic shock waves in metals

International Nuclear Information System (INIS)

Molinari, A.; Ravichandran, G.

2004-01-01

The propagation of steady plane shock waves in metallic materials is considered. Following the constitutive framework adopted by R. J. Clifton [Shock Waves and the Mechanical Properties of Solids, edited by J. J. Burke and V. Weiss (Syracuse University Press, Syracuse, N.Y., 1971), p. 73] for analyzing elastic-plastic transient waves, an analytical solution of the steady state propagation of plastic shocks is proposed. The problem is formulated in a Lagrangian setting appropriate for large deformations. The material response is characterized by a quasistatic tensile (compression) test (providing the isothermal strain hardening law). In addition the elastic response is determined up to second order elastic constants by ultrasonic measurements. Based on this simple information, it is shown that the shock kinetics can be quite well described for moderate shocks in aluminum with stress amplitude up to 10 GPa. Under the later assumption, the elastic response is assumed to be isentropic, and thermomechanical coupling is neglected. The model material considered here is aluminum, but the analysis is general and can be applied to any viscoplastic material subjected to moderate amplitude shocks. Comparisons with experimental data are made for the shock velocity, the particle velocity and the shock structure. The shock structure is obtained by quadrature of a first order differential equation, which provides analytical results under certain simplifying assumptions. The effects of material parameters and loading conditions on the shock kinetics and shock structure are discussed. The shock width is characterized by assuming an overstress formulation for the viscoplastic response. The effects on the shock structure of strain rate sensitivity are analyzed and the rationale for the J. W. Swegle and D. E. Grady [J. Appl. Phys. 58, 692 (1985)] universal scaling law for homogeneous materials is explored. Finally, the ability to deduce information on the viscoplastic response of

A comparison between MARKAL-MACRO and MARKAL

International Nuclear Information System (INIS)

Schepers, E.

1995-11-01

Differences between CO 2 -reduction scenarios of the MARKAL-MACRO model and the MARKAL model are studied. Also attention is paid to the rebound effect, i.e. the effect on a price decrease leads to an increase of the energy demand, and energy savings will result in a redistribution of saved income over other goods and services. MARKAL is an energy supply model and MACRO is a macro-economic model. The combination of the two is an example of a hard-linked model between a top-down model (MACRO) and a bottom-up model (MARKAL). 15 figs., 5 tabs., 18 refs., 2 appendices

Balancing Fundamental Rights with Economic Freedoms According to the European Court of Justice

Directory of Open Access Journals (Sweden)

Sybe A. de Vries

2013-01-01

Full Text Available The development of fundamental rights within the EU legal order has come to a climax through the entry into force of the Treaty of Lisbon in December 2009. Article 6 of the EU Treaty now recognizes the binding force of the EU Charter of Fundamental Rights, embraces the intention to accede to the European Convention on the Protection of Human Rights and Fundamental Freedoms and codifies the European Court of Justice's (ECJ case law that fundamental rights shall constitute general principles of Union law. The question is how these changes made by the Lisbon Treaty, which mark a new stage in the shaping of the EU's commitment to the protection of fundamental rights, inform the relationship between fundamental rights and the classic Treaty economic freedoms, which have been vital in building Europe's 'economic constitution'. This contribution addresses the conflict that may arise between the Treaty economic freedoms and fundamental rights and assesses how the ECJ should balance these conflicting interests, considering the changed EU legal framework. In this paper the approach of the European Court of Human Rights (ECtHR, having to decide in cases where fundamental rights conflict with each other, will also be briefly touched upon and compared with the Court of Justice's approach.

Long-term relationships of major macro-variables in a resource-related economic model of Australia

International Nuclear Information System (INIS)

Harvie, Charles; Hoa, T. van

1993-01-01

The paper reports the results of a simple cointegration analysis applied to bivariate causality models using data on resource output, oil prices, terms of trade, current account and output growth to investigate the long-term relationships among these major macroeconomic aggregates in a resource-related economic model of Australia. For the period 1960-1990, the empirical evidence indicates that these five macro-variables, as formulated in our model, are not random walks. In addition, resource production and oil prices are significantly cointegrated, and they are also significantly cointegrated with the current account, terms of trade and economic growth. These findings provide support to the long-term adjustments foundation of our resource-related model. (author)

Macro-economic effects of additional energy conservation in the European Community

International Nuclear Information System (INIS)

Sips, H.W.; Bakker, L.; Muizelaar, J.; Velthuijsen, J.W.

1991-01-01

The aim of the title study is to evaluate the environmental and economic consequences of additional energy conservation in five Western European countries: the Netherlands, the Federal Republic of Germany, the United Kingdom, France and Italy. In the first part of the study the economic effects of a policy, in which additional energy conservation is realized only for the Netherlands, is calculated. In this report the results are presented. The calculated results of the economic effects of a coordinated energy conservation policy in the abovementioned countries will be published in a separate report. The effects of three policy variants will be evaluated: the non-financial policy variant, the shift of the financial burden variant, and the variant in which the levies are not compensated.The starting point for the first variant is an autonomous realization of the energy conservation. The basis of the second variant is that an equal amount of energy can be saved by means of a substantial energy levy. The profits of this levy can be used to reduce the financial burden of labour. For the economic calculations use has been made of the HERMES-model. Every member of the European Community has developed such a macro-economic model. In chapter two the different starting points for the calculations are outlined, with special attention to descriptions of the policy variants, the model-input and the basic projection. In chapter three the economic effects of the policy variants are presented and discussed. In chapter four the energy conservation and the environmental effects of the variants are dealt with. The most important conclusion of this study is that a considerable amount of energy can be saved, which will have positive effects on the economy and the environment. 8 figs., 20 tabs., 6 apps., 32 refs

ADEME energy transition scenarios. Summary including a macro-economic evaluation 2030 2050

International Nuclear Information System (INIS)

2014-05-01

ADEME, the French Environment and Energy Management Agency, is a public agency reporting to the Ministry of Ecology, Sustainable Development and Energy and the Ministry of Higher Education and Research. In 2012 the agency drew up a long-term scenario entitled 'ADEME Energy Transition Scenarios 2030-2050'. This document presents a summary of the report. The full version can be viewed online on the ADEME web site. With this work ADEME offers a proactive energy vision for all stakeholders - experts, the general public, decision-makers, etc. - focusing on two main areas of expertise: managing energy conservation and developing renewable energy production using proven or demonstration-phase technologies. These scenarios identify a possible pathway for the energy transition in France. They are based on two time horizons and two separate methodologies. One projection, applicable from the present day, seeks to maximise potential energy savings and renewable energy production in an ambitious but realistic manner, up to 2030. The second exercise is a normative scenario that targets a fourfold reduction in greenhouse gas emissions generated in France by 2050, compared to 1990 levels. The analysis presented in this document is primarily based on an exploration of different scenarios that allow for the achievement of ambitious energy and environmental targets under technically, economically and socially feasible conditions. This analysis is supplemented by a macro-economic analysis. These projections, particularly for 2030, do not rely on radical changes in lifestyle, lower comfort levels or hypothetical major technological breakthroughs. They show that by using technologies and organisational changes that are currently within our reach, we have the means to achieve these long-term goals. The scenarios are based on assumptions of significant growth, both economic (1.8% per year) and demographic (0.4% a year). The 2050 scenario shows that with sustained growth, a

Macro-prudentiality and financial stability

Directory of Open Access Journals (Sweden)

Cristian Ionescu

2012-12-01

Full Text Available Taking into consideration the fact that financial crises, as a manifestation form of the financial instability, are becoming more and more frequent, complex and severe, it is important to discuss about the macroeconomic prudentiality, in order to protect and save the economy of a country or of a region by the inherent fragility of a very developed financial system. Therefore, the paper aims to analyze the following aspects: the macro-prudential regulation (in order to a better understanding of the financial instability process, the development of the macro-prudential vision and instruments (but emphasizing the existing limits and economic policies (in order to implement an operational macro-prudential regulation.

Economic impacts of health shocks on households in low and middle income countries: a review of the literature.

Science.gov (United States)

Alam, Khurshid; Mahal, Ajay

2014-04-03

Poor health is a source of impoverishment among households in low -and middle- income countries (LMICs) and a subject of voluminous literature in recent years. This paper reviews recent empirical literature on measuring the economic impacts of health shocks on households. Key inclusion criteria were studies that explored household level economic outcomes (burden of out-of-pocket (OOP) health spending, labour supply responses and non-medical consumption) of health shocks and sought to correct for the likely endogeneity of health shocks, in addition to studies that measured catastrophic and impoverishment effects of ill health. The review only considered literature in the English language and excluded studies published before 2000 since these have been included in previous reviews. We identified 105 relevant articles, reports, and books. Our review confirmed the major conclusion of earlier reviews based on the pre-2000 literature--that households in LMICs bear a high but variable burden of OOP health expenditure. Households use a range of sources such as income, savings, borrowing, using loans or mortgages, and selling assets and livestock to meet OOP health spending. Health shocks also cause significant reductions in labour supply among households in LMICs, and households (particularly low-income ones) are unable to fully smooth income losses from moderate and severe health shocks. Available evidence rejects the hypothesis of full consumption insurance in the face of major health shocks. Our review suggests additional research on measuring and harmonizing indicators of health shocks and economic outcomes, measuring economic implications of non-communicable diseases for households and analyses based on longitudinal data. Policymakers need to include non-health system interventions, including access to credit and disability insurance in addition to support formal insurance programs to ameliorate the economic impacts of health shocks.

Why the Nature of Oil Shocks Matters

International Nuclear Information System (INIS)

Archanskaia, Elizaveta; Hubert, Paul; Creel, Jerome

2009-03-01

This article studies the impact of oil shocks on the macro-economy in two ways insofar unexploited in the literature. The analysis is conducted at the global level, and it explicitly accounts for the potentially changing nature of oil shocks. Based on an original world GDP series and a grouping of oil shocks according to their nature, we find that oil supply shocks negatively impact world growth, contrary to oil demand shocks, pro-cyclical in their nature. This result is robust at the national level for the US. Furthermore, endogenous monetary policy is shown to have no counter-cyclical effects in the context of an oil demand shock. (authors)

Economic Shocks and Subjective Well-Being: Evidence from a Quasi-Experiment

DEFF Research Database (Denmark)

Hariri, Jacob Gerner; Bjørnskov, Christian; Justesen, Mogens Kamp

2016-01-01

This paper examines how economic shocks affect individual well-being in developing countries. Using the case of a sudden and unanticipated currency devaluation in Botswana as a quasi-experiment, we examine how this monetary shock affects individuals’ evaluations of well-being. We do so by using...... micro-level survey data, which – incidentally – was collected in the days surrounding the devaluation. The chance occurrence of the devaluation during the time of the survey enables us to use pre-treatment respondents, surveyed before the devaluation, as approximate counterfactuals for post......-treatment respondents, surveyed after the devaluation. Our estimates show that the devaluation had a large and significantly negative effect on individuals’ evaluations of subjective well-being. These results suggest that macroeconomic shocks, such as unanticipated currency devaluations, may have significant short...

Fundamental Economic Factors That Affect Housing Prices: Comparative Analysis between Kosovo and Slovenia

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Visar Hoxha

2014-12-01

Full Text Available The purpose of this study is to provide strategic implications for real estate appraisers and real estate managers to know the economic determinants of housing price dynamics in Kosovo. The fundamental economic determinants of housing prices, adopted from previous studies, are Gross Domestic Product growth, demographics, real interest rates, and construction costs. The research methodology used is quantitative factor analysis. The main question addressed is, whether the conventional fundamental determinants of housing prices, such as Gross Domestic Product per capita, real interest rates, demographic factors, and construction costs have driven the observed housing prices in Kosovo. By sampling the determinants of housing prices in Kosovo, the study shows their effects on housing price dynamics. The study shows that housing prices in Kosovo are significantly determined by the underlying conventional fundamentals. This is the first research that tries to determine whether the fundamental economic factors influence the housing prices in Kosovo.

Fundamentals of Non-relativistic Collisionless Shock Physics: IV. Quasi-Parallel Supercritical Shocks

OpenAIRE

Treumann, R. A.; Jaroschek, C. H.

2008-01-01

1. Introduction, 2. The (quasi-parallel) foreshock; Ion foreshock, Ion foreshock boundary region; Diffuse ions;Low-frequency upstream waves; Ion beam waves; The expected wave modes; Observations; Diffuse ion waves; Electron foreshock; Electron beams; Langmuir waves; stability of the electron beam; Electron foreshock boundary waves; Nature of electron foreshock waves; Radiation; Observations; Interpretation; 3. Quasi-parallel shock reformation; Low-Mach number quasi-parallel shocks; Turbulent ...

The effects of oil price shocks in a new-Keynesian framework with capital accumulation

International Nuclear Information System (INIS)

Acurio Vásconez, Verónica; Giraud, Gaël; Mc Isaac, Florent; Pham, Ngoc-Sang

2015-01-01

The economic implications of oil price shocks have been extensively studied since the 1970s. Despite this huge literature, no dynamic stochastic general equilibrium model was available that captures two well-known stylized facts: (1) the stagflationary impact of an oil price shock, together with (2) the influence of the energy efficiency of capital on the depth and length of this impact. We build, estimate and simulate a New-Keynesian model with capital accumulation, which takes the case of an economy where oil is imported from abroad, and where these stylized facts can be accounted for. Moreover, the Bayesian estimation of the model on the US economy (1984–2007) suggests that the output elasticity of oil might have been above 10%, stressing the role of oil use in US growth at this time. Finally, our simulations confirm that an increase in energy efficiency significantly attenuates the effects of an oil shock—a possible explanation of why the third oil shock (1999–2008) did not have the same macro-economic impact as the first two ones. These results suggest that oil consumption and energy efficiency have been two major engines for US growth in the last three decades.

How can results from macro economic analyses of the energy consumption of households be used in macro models? A discussion of theoretical and empirical literature about aggregation

International Nuclear Information System (INIS)

Halvorsen, Bente; Larsen, Bodil M.; Nesbakken, Runa

2001-01-01

The literature on energy demand shows that there are systematic differences in income- and price elasticity from analyses based on macro data and micro data. Even if one estimates models with the same explanatory variables, the results may differ with respect to estimated price- and income sensitivity. These differences may be caused by problems involved in transferring micro properties to macro properties, or the estimated macro relationships have failed to adequately consideration the fact that households behave differently in their energy demand. Political goals are often directed towards the entire household sector. Partial equilibrium models do not capture important equilibrium effects and feedback through the energy markets and the economy in general. Thus, it is very interesting, politically and scientifically, to do macro economic model analyses of different political measures that affect the energy consumption. The results of behavioural analyses, in which one investigates the heterogeneity of the energy demand, must be based on information about individual households. When the demand is studied based on micro data, it is difficult to aggregate its properties to a total demand function for the entire household sector if different household sectors have different behaviour. Such heterogeneity of behaviour may for instance arise when households in different regions have different heating equipment because of regional differences in the price of electricity. The subject of aggregation arises immediately when one wants to draw conclusions about the household sector based on information about individual households, whether the discussion is about the whole population or a selection of households. Thus, aggregation is a topic of interest in a wide range of problems

Climate Change Effects on Agriculture: Economic Responses to Biophysical Shocks

Science.gov (United States)

Nelson, Gerald C.; Valin, Hugo; Sands, Ronald D.; Havlik, Petr; Ahammad, Helal; Deryng, Delphine; Elliott, Joshua; Fujimori, Shinichiro; Hasegawa, Tomoko; Heyhoe, Edwina

2014-01-01

Agricultural production is sensitive to weather and thus directly affected by climate change. Plausible estimates of these climate change impacts require combined use of climate, crop, and economic models. Results from previous studies vary substantially due to differences in models, scenarios, and data. This paper is part of a collective effort to systematically integrate these three types of models. We focus on the economic component of the assessment, investigating how nine global economic models of agriculture represent endogenous responses to seven standardized climate change scenarios produced by two climate and five crop models. These responses include adjustments in yields, area, consumption, and international trade. We apply biophysical shocks derived from the Intergovernmental Panel on Climate Change's representative concentration pathway with end-of-century radiative forcing of 8.5 W/m(sup 2). The mean biophysical yield effect with no incremental CO2 fertilization is a 17% reduction globally by 2050 relative to a scenario with unchanging climate. Endogenous economic responses reduce yield loss to 11%, increase area of major crops by 11%, and reduce consumption by 3%. Agricultural production, cropland area, trade, and prices show the greatest degree of variability in response to climate change, and consumption the lowest. The sources of these differences include model structure and specification; in particular, model assumptions about ease of land use conversion, intensification, and trade. This study identifies where models disagree on the relative responses to climate shocks and highlights research activities needed to improve the representation of agricultural adaptation responses to climate change.

Macro policy responses to oil booms and busts in the United Arab Emirates

International Nuclear Information System (INIS)

Al-Mutawa, A.K.

1991-01-01

The effects of oil shocks and macro policy changes in the United Arab Emirates are analyzed. A theoretical model is developed within the framework of the Dutch Disease literature. It contains four unique features that are applicable to the United Arab Emirates' economy. There are: (1) the presence of a large foreign labor force; (2) OPEC's oil export quotas; (3) the division of oil profits; and (4) the important role of government expenditures. The model is then used to examine the welfare effects of the above-mentioned shocks. An econometric model is then specified that conforms to the analytical model. In the econometric model the method of 'principal components' is applied owing to the undersized sample data. The principal components methodology is used in both the identification testing and the estimation of the structural equations. The oil and macro policy shocks are then simulated. The simulation results show that an oil-quantity boom leads to a higher welfare gain than an oil-price boom. Under certain circumstances, this finding is also confirmed by the comparative statistics that follow from the analytical model

Sustainability of biomass electricity systems. An estimate of costs, macro-economic and environmental impacts

International Nuclear Information System (INIS)

Van den Broek, R

2001-01-01

Since the 1990s there has been a renewal of interest in the possibility of sustainable generating energy from biomass, an interest driven in part by the climate issue. Other motives are the search for alternatives for parts of Western agriculture and progress in the technological feasibility of efficiently producing high-quality energy from biomass. World-wide this renewed interest has led to a clear increase in research, demonstration and commercial implementation of biomass energy systems. A recent thesis concludes that biomass can contribute to all aspects of sustainability. In the context of sustainable development (often viewed as a concept having economic, social and ecological dimensions), the central question asked by this Ph.D. research is: How do biomass electricity systems compare to fossil-fuel systems and to the land-use that they may replace, in terms of costs, macro-economic and environmental impacts. This article presents a number of conclusions

Fundamental principles of conducting a surgery economic analysis study.

Science.gov (United States)

Kotsis, Sandra V; Chung, Kevin C

2010-02-01

The use of economic evaluation in surgery is scarce. Economic evaluation is used even less so in plastic surgery, in which health-related quality of life is of particular importance. This article, part of a tutorial series on evidence-based medicine, focuses on the fundamental principles of conducting a surgery economic analysis. The authors include the essential aspects of conducting a surgical cost-utility analysis by considering perspectives, costs, outcomes, and utilities. The authors also describe and give examples of how to conduct the analyses (including calculating quality-adjusted life-years and discounting), how to interpret the results, and how to report the results. Although economic analyses are not simple to conduct, a well-conducted one provides many rewards, such as recommending the adoption of a more effective treatment. For comparing and interpreting economic analysis publications, it is important that all studies use consistent methodology and report the results in a similar manner.

Fundamental structure of steady plastic shock waves in metals

OpenAIRE

Molinari, A.; Ravichandran, G.

2004-01-01

The propagation of steady plane shock waves in metallic materials is considered. Following the constitutive framework adopted by R. J. Clifton [Shock Waves and the Mechanical Properties of Solids, edited by J. J. Burke and V. Weiss (Syracuse University Press, Syracuse, N.Y., 1971), p. 73] for analyzing elastic–plastic transient waves, an analytical solution of the steady state propagation of plastic shocks is proposed. The problem is formulated in a Lagrangian setting appropriate for large de...

Macro-economic analysis of forestry options on carbon sequestration in India

International Nuclear Information System (INIS)

Kadekodi, Gopal K.; Ravindranath, N.H.

1997-01-01

There is a need to evaluate the additional spending on forestry by analysing the environmental (particularly carbon abatement), social and economic benefits. The biomass needs for India are expected to increase by two to three times by 2020. Depending upon the forest types, ownership patterns and land use patterns, feasible forestry options are identified. It is found among many supply options to be feasible to meet the 'demand based needs' with a mix of management options, species choices and organisational set up. A comparative static framework is used to analyze the macro-economic impacts. Forestry accounts for 1.84% of GNP in India. It is characterized by significant forward industrial linkages and least backward linkage. Forestry generates about 36 million person years of employment annually. India imports Rs. 15 billion worth of forest based materials annually. Implementation of the demand based forestry options can lead to a number of ecological, economic and institutional changes. The notable ones are: enhancement of C stock from 9578 to 17094 Mt and a net annual C-sequestration from 73 to 149 Mt after accounting for all emissions; a trebling of the output of forestry sector from Rs. 49 billion to Rs. 146 billion annually; an increase in GDP contribution of forestry from Rs. 32 billion to Rs. 105 billion over a period of 35 years; an increase in annual employment level by 23 million person years; emergence of forestry as a net contributor of foreign exchange through trading of forestry products; and an increase in economic value of forest capital stock by Rs. 7260 billion with a cost benefit analysis showing forestry as a profitable option. Implementation of forestry options calls for an understanding of current forest policies and barriers which are analyzed and a number of policy options are suggested

An investigation on the relationship between arbitrage and macro-economic indicators: A case study of Tehran Stock Exchange

Directory of Open Access Journals (Sweden)

Samira Fazli

2014-04-01

Full Text Available This paper presents an empirical investigation to study the effects of macro-economic factors on the performance of stocks listed on Tehran Stock Exchange (TSE. The proposed study considers the effects of money supply, inflation rate, oil price, unforeseen changes in the course structure of interest rates as well as unanticipated changes in industrial production on stock price. Using seasonal information of stock price over the period 1997-2007 as well as regression analysis, the study has determined that risk premium of unforeseen changes in the course structure of interest rates, money supply, inflation rate and unanticipated changes in industrial production are meaningful when the level of significance is five percent. In other words, Arbitrage pricing theory model describing the expected return per share is reasonable and macro-level variables explain systematic risk on TSE.

macro-economic assessment of energy visions 2030-2050 by the ADEME - Technical document

International Nuclear Information System (INIS)

Callonnec, G.; Landa, G.; Maillet, P.; Reynes, F.

2013-10-01

After a brief presentation of the energy transition scenario designed by the ADEME and which is based on principles of efficiency and sobriety, and on a largely de-carbonated energy supply, this report presents the ThreeME model (ThreeME stands for macro-economic multi-sector model of assessment of energy and environment policies). It is a neo-Keynesian model which integrates a dynamic interaction between supply and demand. The application of this model to energy transition is discusses as well as the model calibration. Results are then discussed (reference scenario, modelling of the ADEME scenario) and expansionary effects are outlined in terms of household purchasing power, investment, employment, reduction of trade balance deficit, induced effects on GDP, shadow value of carbon, and public finances

Informing Ex Ante Event Studies with Macro-Econometric Evidence on the Structural and Policy Impacts of Terrorism.

Science.gov (United States)

Nassios, Jason; Giesecke, James A

2018-04-01

Economic consequence analysis is one of many inputs to terrorism contingency planning. Computable general equilibrium (CGE) models are being used more frequently in these analyses, in part because of their capacity to accommodate high levels of event-specific detail. In modeling the potential economic effects of a hypothetical terrorist event, two broad sets of shocks are required: (1) physical impacts on observable variables (e.g., asset damage); (2) behavioral impacts on unobservable variables (e.g., investor uncertainty). Assembling shocks describing the physical impacts of a terrorist incident is relatively straightforward, since estimates are either readily available or plausibly inferred. However, assembling shocks describing behavioral impacts is more difficult. Values for behavioral variables (e.g., required rates of return) are typically inferred or estimated by indirect means. Generally, this has been achieved via reference to extraneous literature or ex ante surveys. This article explores a new method. We elucidate the magnitude of CGE-relevant structural shifts implicit in econometric evidence on terrorist incidents, with a view to informing future ex ante event assessments. Ex post econometric studies of terrorism by Blomberg et al. yield macro econometric equations that describe the response of observable economic variables (e.g., GDP growth) to terrorist incidents. We use these equations to determine estimates for relevant (unobservable) structural and policy variables impacted by terrorist incidents, using a CGE model of the United States. This allows us to: (i) compare values for these shifts with input assumptions in earlier ex ante CGE studies; and (ii) discuss how future ex ante studies can be informed by our analysis. © 2017 Society for Risk Analysis.

The MARKAL-MACRO model and the climate change

International Nuclear Information System (INIS)

Kypreos, S.

1996-07-01

MARKAL-MACRO and its extensions is a model appropriate to study partial and general equilibrium in the energy markets and the implications of the carbon dioxide mitigation policy. The main advantage of MM is the explicit treatment of energy demand, supply and conversion technologies, including emission control and conservation options, within a general equilibrium framework. The famous gap between top-down and bottom-up models is resolved and the economic implications of environmental and supply policy constraints can be captured either in an aggregated (Macro) or in a sectorial (Micro) level. The multi-regional trade version of the model allows to study questions related to efficient and equitable allocation of cost and benefits associated with the climate change issue. Finally, the stochastic version of the model allows to assess policies related to uncertain and even catastrophic effects and define appropriate hedging strategies. The report is divided in three parts: - the first part gives an overview of the new model structure. It describes its macro economic part and explains its calibration, - the second part refers to the model applications for Switzerland when analyzing the economic implications of curbing CO 2 emissions or policies related to the introduction of a carbon tax, including a hedging strategy, - the last part is organized in form of Appendices and gives a mathematical description and some potential extensions of the model. It describes also a sensitivity analysis done with MARKAL-MACRO in 1992. (author) figs., tabs., refs

MEZZO ECONOMICS ANALITYCAL APPROACH AS THE PROPULSIVE PART OF MANAGERIAL ECONOMICS IN TOURISM

OpenAIRE

Kozuharov, Saso

2011-01-01

Mezzo Economics covers the area between the Micro and Macro Economics and the organizational approach of the economics of the integral economic communities, which are made of microeconomic entities. Mezzo Economics represents an organizational loop between the Macro economic system and Micro Economics. Tourism industry is a typical represent of Mezzo Economics. Mezzo Economics Analytical Approach represents a compositional and methodological approach that make constitution of the basic and de...

Unemployment dynamics, and propagation of aggregate and reallocation shocks in the Netherlands

NARCIS (Netherlands)

van Montfort, C.A.G.M.; den Butter, F.A.G.; Weitenberg, G.

2003-01-01

This paper models the propagation at the macro level of four types of shocks using the SVAR approach. Time series data for the Netherlands on job creation, job destruction, the number of vacancies and labour supply are used to identify aggregate demand and supply shocks, and reallocation demand and

The macro-economic determinants of health and health inequalities-umbrella review protocol.

Science.gov (United States)

Naik, Yannish; Baker, Peter; Walker, Ian; Tillmann, Taavi; Bash, Kristin; Quantz, Darryl; Hillier-Brown, Frances; Bambra, Clare

2017-11-03

The economic determinants of health have been widely recognised as crucial factors affecting health; however, to date, no comprehensive review has been undertaken to summarise these factors and the ways in which they can influence health. We conceptualise the economy as a complex system made up of underlying approaches, regulation from institutions, markets, finance, labour, the public-private balance as well as production and distributional effects, which collectively impact on health through the effect of moderators. This protocol details the methods for an umbrella review to explore the macro-economic factors, strategies, policies and interventions that affect health outcomes and health inequalities. We will identify relevant systematic reviews using search terms derived from the Journal of Economic Literature classification. Reviews will be included if they meet the Database of Abstracts and Reviews of Effects criteria for systematic reviews. Reviews of studies with and without controls will be included; both association and intervention studies will be included. Primary outcomes will include but are not limited to morbidity, mortality, prevalence and incidence of conditions and life expectancy. Secondary outcomes will include health inequalities by gender, ethnicity or socio-economic status. Six databases will be searched using tailored versions of our piloted search strategy to locate relevant reviews. Data will be extracted using a standardized pro forma, and the findings will be synthesized into a conceptual framework to address our review aim. Our umbrella review protocol provides a robust method to systematically appraise the evidence in this field, using new conceptual models derived specifically to address the study question. This will yield important information for policymakers, practitioners and researchers at the local, national and international level. It will also help set the future research agenda in this field and guide the development of

Determinants of The Application of Macro Prudential Instruments

Directory of Open Access Journals (Sweden)

Zakaria Firano

2017-09-01

Full Text Available The use of macro prudential instruments today gives rise to a major debate within the walls of central banks and other authorities in charge of financial stability. Contrary to micro prudential instruments, whose effects remain limited, macro prudential instruments are different in nature and can affect the stability of the financial system. By influencing the financial cycle and the financial structure of financial institutions, the use of such instruments should be conducted with great vigilance as well as macroeconomic and financial expertise. But the experiences of central banks in this area are sketchy, and only some emerging countries have experience using these types of instruments in different ways. This paper presents an analysis of instruments of macro prudential policy and attempts to empirically demonstrate that these instruments should be used only in specific economic and financial situations. Indeed, the results obtained, using modeling bivariate panel, confirm that these instruments are more effective when used to mitigate the euphoria of financial and economic cycles. In this sense, the output gap, describing the economic cycle, and the Z-score are the intermediate variables for the activation of capital instruments. Moreover, the liquidity ratio and changes in bank profitability are the two early warning indicators for activation of liquidity instruments.

The Spatial Recourses and Limitations of the Russian Economy Modernization: the Example of the North-West Macro Region

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Sergey Valentinovich Kuznetsov

2015-09-01

-West of Russia. Thus, in the study, based on calculations of the index of integration into the world economy, it is shown that the possibilities of modernization are associated with the degree of openness and competitiveness of regions in the global context. On the example of this macro-region, the space capabilities and limitations of economic modernization, typical for Russia, are identified. Specific ways of the modernization project of the economy of the North-West macro-region are defined, taking into account domestic resources, spatial disparities, “inherited features”, global economic factors, internal constraints and others. The results will be reflected in the implementation of fundamental research of team within the Program of the Presidium of RAS №16 "Spatial Development of Russia in XXI century: nature, society, and their interaction."

The global impact of non-communicable diseases on macro-economic productivity: a systematic review.

Science.gov (United States)

Chaker, Layal; Falla, Abby; van der Lee, Sven J; Muka, Taulant; Imo, David; Jaspers, Loes; Colpani, Veronica; Mendis, Shanthi; Chowdhury, Rajiv; Bramer, Wichor M; Pazoki, Raha; Franco, Oscar H

2015-05-01

Non-communicable diseases (NCDs) have large economic impact at multiple levels. To systematically review the literature investigating the economic impact of NCDs [including coronary heart disease (CHD), stroke, type 2 diabetes mellitus (DM), cancer (lung, colon, cervical and breast), chronic obstructive pulmonary disease (COPD) and chronic kidney disease (CKD)] on macro-economic productivity. Systematic search, up to November 6th 2014, of medical databases (Medline, Embase and Google Scholar) without language restrictions. To identify additional publications, we searched the reference lists of retrieved studies and contacted authors in the field. Randomized controlled trials, cohort, case-control, cross-sectional, ecological studies and modelling studies carried out in adults (>18 years old) were included. Two independent reviewers performed all abstract and full text selection. Disagreements were resolved through consensus or consulting a third reviewer. Two independent reviewers extracted data using a predesigned data collection form. Main outcome measure was the impact of the selected NCDs on productivity, measured in DALYs, productivity costs, and labor market participation, including unemployment, return to work and sick leave. From 4542 references, 126 studies met the inclusion criteria, many of which focused on the impact of more than one NCD on productivity. Breast cancer was the most common (n = 45), followed by stroke (n = 31), COPD (n = 24), colon cancer (n = 24), DM (n = 22), lung cancer (n = 16), CVD (n = 15), cervical cancer (n = 7) and CKD (n = 2). Four studies were from the WHO African Region, 52 from the European Region, 53 from the Region of the Americas and 16 from the Western Pacific Region, one from the Eastern Mediterranean Region and none from South East Asia. We found large regional differences in DALYs attributable to NCDs but especially for cervical and lung cancer. Productivity losses in the USA ranged from 88 million

The Generalist Model: Where do the Micro and Macro Converge?

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Shari E. Miller

2008-12-01

Full Text Available Although macro issues are integral to social work, students continue to struggle with the acquisition of knowledge and skills pertaining to larger systems. Educators have developed innovative methods to integrate learning across systems of various sizes however it appears an imbalance persists. This challenge is supported by baccalaureate student responses to a social work program evaluation. Four years of data from 295 undergraduate students revealed that they felt less prepared to practice with larger, macro systems. Changes in curriculum to reflect collaboration and holism, and more research are needed to adequately provide macro learning and macro practice opportunities within the generalist model and in the context of the current socio-economic-political environment.

Socio-Economic Priorities for the Sustainable Development of Russian Arctic Macro-Region

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Vladimir Nikolaevich Leksin

2017-12-01

Full Text Available To properly justify the priorities for the Russian Arctic Zone sustainable development is methodologically challenging for two reasons. Firstly, this challenge is due to fast changes of external and internal conditions for the development of the Arctic Zone of the Russian Federation (AZRF. Secondly, the interpretation of the concept of “sustainability” is too wide inconsistent. As the concepts of “sustainability” as well as the concept of “sustainable growth” in this wide sense are frequently used to characterize economic, social and other processes and systems, these key categories are difficult to apply as development’ targets and evaluation criteria practice of public administration in Russia. Using the case of Arctic macro-region, the paper substantiates the concept of spatial systems’ sustainability as their ability to maintain functionality under destabilizing impact of exogenous and endogenous factors. Such an ability is particularly important because of variations in structure and intensity of these negative impacts, including from climate change. Within this methodological framework, we have specified the indicators of sustainability relating to the practice of public management in the AZRF development. The paper has discussed the existing and emerging exogenous and endogenous impacts on the AZRF development sustainability. We set two priorities among the goals and objectives for ensuring the AZRF sustainable functioning under the conditions of climate. In social (socio-economic sphere, it is necessary to maintain and improve the public health. In economic sphere, the most needed are strengthening of coherency and reliability of the transportation system, energy supplies to distant consumers, and stimulating of investment and industrial activities of the large industrial corporations.

A macro-physics model of depreciation rate in economic exchange

Science.gov (United States)

Marmont Lobo, Rui F.; de Sousa, Miguel Rocha

2014-02-01

This article aims at a new approach for a known fundamental result: barter or trade increases economic value. It successfully bridges the gap between the theory of value and the exchange process attached to the transition from endowments to the equilibrium in the core and contract curve. First, we summarise the theory of value; in Section 2, we present the Edgeworth (1881) box and an axiomatic approach and in Section 3, we apply our pure exchange model. Finally (in Section 4), using our open econo-physics pure barter (EPB) model, we derive an improvement in value, which means that pure barter leads to a decline in depreciation rate.

MACRO ECONOMICS FACTORS AND BANK LENDING BEHAVIOUR IN INDONESIA

Directory of Open Access Journals (Sweden)

Rofikoh Rokhim

2014-10-01

Full Text Available AbstractThis study examines the influencing macro economics factor in lending distribution and observes the comparison of each factor based on lending type which are investment, working capital and domestic consumption lending. Using data of Indonesian commercial banks between 2003-2011 and a balanced panel method, it finds that bank liquidity and inflation rate have significant negative effect, while number of banks has strong positive influence to stimulate lending distribution. Moreover, saving rate and GDP growth were found not meaningfully contributed to change investment lending distribution, but they significantly influenced the other lending distribution. Lastly, reserve requirement and exchange rate did not significantly influence all lending type.Keywords: Loan, interest rate, growth, GDP.JEL Classification Numbers: G21, E43, E51AbstrakStudi ini meneliti faktor ekonomi makro yang mempengaruhi distribusi pinjaman dan mengamati perbandingan masing-masing faktor berdasarkan jenis pinjaman yaitu pinjaman investasi, modal kerja dan konsumsi. Dengan menggunakan data dari bank-bank komersial di Indonesia antara 2003-2011, dengan menggunakan analisis data panel, ditemukan bahwa likuiditas perbankan dan tingkat inflasi berpengaruh negatif signifikan, sedangkan jumlah bank berpengaruh positif dan kuat untuk mendorong distribusi pinjaman pada semua jenis pinjaman. Selain itu, tingkat tabungan dan pertumbuhan PDB ditemukan tidak bermakna dalam kontribusinya untuk mempengaruhi distribusi kredit investasi, tetapi secara signifikan mempengaruhi distribusi pinjaman lainnya. Terakhir, GWM dan nilai tukar tidak signifikan mempengaruhi semua tiga kategori jenis pinjaman. Keywords: Loan, interest rate, growth, GDPJEL Classification Numbers: G21, E43, E51

MARKAL-MACRO: A linked model for energy-economy analysis

International Nuclear Information System (INIS)

Manne, A.S.; Wene, C.O.

1992-02-01

MARKAL-MACRO is an experiment in model linkage for energy and economy analysis. This new tool is intended as an improvement over existing methods for energy strategy assessment. It is designed specifically for estimating the costs and analyzing the technologies proposed for reducing environmental risks such as global climate change or regional air pollution. The greenhouse gas debate illustrates the usefulness of linked energy-economy models. A central issue is the coupling between economic growth, the level of energy demands, and the development of an energy system to supply these demands. The debate is often connected with alternative modeling approaches. The competing philosophies may be labeled ''top-down macroeconomic'' and ''bottom-up engineering'' perspectives. MARKAL is a systems engineering (physical process) analysis built on the concept of a Reference Energy System (RES). MARKAL is solved by means of dynamic linear programming. In most applications, the end use demands are fixed, and an economically efficient solution is obtained by minimizing the present value of energy system's costs throughout the planning horizon. MACRO is a macroeconomic model with an aggregated view of long-term economic growth. The basis input factors of production are capital, labor and individual forms of energy. MACRO is solved by nonlinear optimization

The macro-economic determinants of health and health inequalities—umbrella review protocol

Directory of Open Access Journals (Sweden)

Yannish Naik

2017-11-01

Full Text Available Abstract Background The economic determinants of health have been widely recognised as crucial factors affecting health; however, to date, no comprehensive review has been undertaken to summarise these factors and the ways in which they can influence health. We conceptualise the economy as a complex system made up of underlying approaches, regulation from institutions, markets, finance, labour, the public-private balance as well as production and distributional effects, which collectively impact on health through the effect of moderators. This protocol details the methods for an umbrella review to explore the macro-economic factors, strategies, policies and interventions that affect health outcomes and health inequalities. Methods We will identify relevant systematic reviews using search terms derived from the Journal of Economic Literature classification. Reviews will be included if they meet the Database of Abstracts and Reviews of Effects criteria for systematic reviews. Reviews of studies with and without controls will be included; both association and intervention studies will be included. Primary outcomes will include but are not limited to morbidity, mortality, prevalence and incidence of conditions and life expectancy. Secondary outcomes will include health inequalities by gender, ethnicity or socio-economic status. Six databases will be searched using tailored versions of our piloted search strategy to locate relevant reviews. Data will be extracted using a standardized pro forma, and the findings will be synthesized into a conceptual framework to address our review aim. Discussion Our umbrella review protocol provides a robust method to systematically appraise the evidence in this field, using new conceptual models derived specifically to address the study question. This will yield important information for policymakers, practitioners and researchers at the local, national and international level. It will also help set the future

Fundamentals of gas dynamics

CERN Document Server

Babu, V

2014-01-01

Fundamentals of Gas Dynamics, Second Edition isa comprehensively updated new edition and now includes a chapter on the gas dynamics of steam. It covers the fundamental concepts and governing equations of different flows, and includes end of chapter exercises based on the practical applications. A number of useful tables on the thermodynamic properties of steam are also included.Fundamentals of Gas Dynamics, Second Edition begins with an introduction to compressible and incompressible flows before covering the fundamentals of one dimensional flows and normal shock wav

Fundamentals, Misvaluation, and Investment: The Real Story

OpenAIRE

Chirinko, Robert S.; Schaller, Huntley

2006-01-01

Abstract: Is real investment fully determined by fundamentals or is it sometimes affected by stockmarket misvaluation? We introduce three new tests that: measure the reaction of investment to sales shocks for firms that may be overvalued; use Fama-MacBeth regressions to determine whether "overinvestment" affects subsequent returns; and analyze the time path of the marginal product of capital in reaction to fundamental and misvaluation shocks. Besides these qualitative tests, we introduce a me...

Holographic interferometric observation of shock wave focusing to extracorporeal shock wave lithotripsy

Science.gov (United States)

Takayama, Kazuyoshi; Obara, Tetsuro; Onodera, Osamu

1991-04-01

Underwater shock wave focusing is successfully applied to disintegrate and remove kidney stones or gallbladder stones without using surgical operations. This treatment is one of the most peaceful applications ofshock waves and is named as the Extracorporeal Shock Wave Lithotripsy. Ajoint research project is going on between the Institute ofFluid Science, Tohoku University and the School ofMedicine, Tohoku University. The paper describes a result of the fundamental research on the underwater shock wave focusing applied to the ESWL. Quantitatively to visualize the underwater shock waves, various optical flow visualization techniques were successfully used such as holographic interferometry, and shadowgraphs combined with Ima-Con high speed camera. Double exposure holographic interferometric observation revealed the mechanism of generation, propagation and focusing of underwater shock waves. The result of the present research was already used to manufacture a prototype machine and it has already been applied successfully to ESWL crinical treatments. However, despite of success in the clinical treatments, important fundamental questions still remain unsolved, i.e., effects of underwater shock wave focusing on tissue damage during the treatment. Model experiments were conducted to clarify mechanism of the tissue damage associated with the ESWL. Shock-bubble interactions were found responsible to the tissue damage during the ESWL treatment. In order to interprete experimental findings and to predict shock wave behavior and high pressures, a numerical simulation was carried. The numerical results agreed with the experiments.

Macroeconomic impacts of oil price shocks in Asian economies

International Nuclear Information System (INIS)

Cunado, Juncal; Jo, Soojin; Perez de Gracia, Fernando

2015-01-01

This paper analyzes the macroeconomic impact of structural oil shocks in four of the top oil-consuming Asian economies, using a VAR model. We identify three different structural oil shocks via sign restrictions: an oil supply shock, an oil demand shock driven by global economic activity and an oil-specific demand shock. The main results suggest that economic activity and prices respond very differently to oil price shocks depending on their types. In particular, an oil supply shock has a limited impact, while a demand shock driven by global economic activity has a significant positive effect in all four Asian countries examined. Our finding also includes that policy tools such as interest rates and exchange rates help mitigating the effects of supply shocks in Japan and Korea; however, they can be more actively used in response to demands shocks. - Highlights: • We analyze the effects of three structural oil price shocks on Asian economies. • Supply shocks have limited impact on the economic activity of Asian economies examined. • Demand shocks due to economic activity boosts GDP of all economies. • CPIs in India and Indonesia were only marginally affected by oil price shocks. • Monetary and exchange rate tools help mitigating supply shocks in Korea and Japan.

On the relationship between micro and macro correlations in nuclear measurement uncertainties

International Nuclear Information System (INIS)

Smith, D.L.

1987-01-01

Consideration is given to the propagation of micro correlations between the component experimental errors (corresponding to diverse attributes of the measurement process) through to the macro correlations between the total errors in the final derived experimental values. Whenever certain micro correlations cannot be precisely specified, the macro correlations must also be uncertain. However, on the basis of fundamental principles from mathematical statistics, it is shown that these uncertainties in the macro correlations can be substantially smaller than the individual uncertainties for specific micro correlations, provided that the number of distinct attributes contributing to the total experimental error is reasonably large. Furthermore, the resulting macro correlations are shown to be approximately normally distributed regardless of teh distributions assumed for the micro correlations. Examples are provided to demonstrate these concepts and to illustrate their relevance to experimental nuclear research. (orig.)

Shifting economics: fundamental questions and Amartya K. Sen’s pragmatic humanism

Directory of Open Access Journals (Sweden)

Tara Natarajan

2014-11-01

Full Text Available Amartya K. Sen’s body of work is an unrelenting project that consistently and coherently re-focuses the attention of economists and economics towards foundational questions. His capabilities framework has offered an expanded space of evaluation to directly judge the well-being of people and society. Through a detailed survey of Sen’s intellectual development, his readdressing fundamental rigidities in economic methodology, and his new framework for evaluation, this paper argues that Sen has inculcated new habits of mind, and engendered a social momentum in economic thought that takes human complexity and the richness of societal diversity into account. Creating a social momentum in economic thought through refocused habits of mind can have a sustainable impact in economics only if its scope is not sub-discipline specific, if it provides an inclusive framework, and if it builds bridges within and outside the discipline chiefly between economics and moral philosophy. Sen’s approach is pragmatic, courteous, and persuasive, but not divisive. It is expansive, yet contextual; it is humanistic. In Sen, economics is an inquiry into the nature and causes of human development.

Some numerical approaches of creep, thermal shock, damage

Indian Academy of Sciences (India)

Creep can be satisfactorily described by a kinematic hardening, and exhibits different creep rates in tension and compression. Concerning the thermal shock of materials, the numerical approach depends whether or not the material is able to develop a sprayed out damage, leading to micro- or macro-cracking. Finally ...

Bones, Bombs and Break Points: The Geography of Economic Activity

OpenAIRE

Donald R. Davis; David E. Weinstein

2001-01-01

We consider the distribution of economic activity within a country in light of three leading theories - increasing returns, random growth, and locational fundamentals. To do so, we examine the distribution of regional population in Japan from the Stone Age to the modern era. We also consider the Allied bombing of Japanese cities in WWII as a shock to relative city sizes. Our results support a hybrid theory in which locational fundamentals establish the spatial pattern of relative regional den...

A calibration of the stellar mass fundamental plane at z ∼ 0.5 using the micro-lensing-induced flux ratio anomalies of macro-lensed quasars , ,

International Nuclear Information System (INIS)

Schechter, Paul L.; Pooley, David; Blackburne, Jeffrey A.; Wambsganss, Joachim

2014-01-01

We measure the stellar mass surface densities of early-type galaxies by observing the micro-lensing of macro-lensed quasars caused by individual stars, including stellar remnants, brown dwarfs, and red dwarfs too faint to produce photometric or spectroscopic signatures. Instead of observing multiple micro-lensing events in a single system, we combine single-epoch X-ray snapshots of 10 quadruple systems, and compare the measured relative magnifications for the images with those computed from macro-models. We use these to normalize a stellar mass fundamental plane constructed using a Salpeter initial mass function with a low-mass cutoff of 0.1 M ☉ and treat the zeropoint of the surface mass density as a free parameter. Our method measures the graininess of the gravitational potential produced by individual stars, in contrast to methods that decompose a smooth total gravitational potential into two smooth components, one stellar and one dark. We find the median likelihood value for the normalization factor F by which the Salpeter stellar masses must be multiplied is 1.23, with a one sigma confidence range, dominated by small number statistics, of 0.77

Improvement of aquaponic performance through micro- and macro-nutrient addition.

Science.gov (United States)

Ru, Dongyun; Liu, Jikai; Hu, Zhen; Zou, Yina; Jiang, Liping; Cheng, Xiaodian; Lv, Zhenting

2017-07-01

Aquaponics is one of the "zero waste" industry in the twenty-first century, and is considered to be one of the major trends for the future development of agriculture. However, the low nitrogen utilization efficiency (NUE) restricted its widely application. To date, many attempts have been conducted to improve its NUE. In the present study, effect of micro- and macro-nutrient addition on performance of tilapia-pak choi aquaponics was investigated. Results showed that the addition of micro- and macro-nutrients improved the growth of plant directly and facilitated fish physiology indirectly, which subsequently increased NUE of aquaponics from 40.42 to 50.64%. In addition, remarkable lower total phosphorus concentration was obtained in aquaponics with micro- and macro-nutrient addition, which was attributed to the formation of struvite. Most of the added micro-nutrients were enriched in plant root, while macro-nutrients mainly existed in water. Moreover, no enrichment of micro- and macro-nutrients in aquaponic products (i.e., fish and plant leaves) was observed, indicating that it had no influence on food safety. The findings here reported manifest that appropriate addition of micro- and macro-nutrients to aquaponics is necessary, and would improve its economic feasibility.

Macro-economic impact of large-scale deployment of biomass resources for energy and materials on a national level—A combined approach for the Netherlands

International Nuclear Information System (INIS)

Hoefnagels, Ric; Banse, Martin; Dornburg, Veronika; Faaij, André

2013-01-01

Biomass is considered one of the most important options in the transition to a sustainable energy system with reduced greenhouse gas (GHG) emissions and increased security of enegry supply. In order to facilitate this transition with targeted policies and implementation strategies, it is of vital importance to understand the economic benefits, uncertainties and risks of this transition. This article presents a quantification of the economic impacts on value added, employment shares and the trade balance as well as required biomass and avoided primary energy and greenhouse gases related to large scale biomass deployment on a country level (the Netherlands) for different future scenarios to 2030. This is done by using the macro-economic computable general equilibrium (CGE) model LEITAP, capable of quantifying direct and indirect effects of a bio-based economy combined with a spread sheet tool to address underlying technological details. Although the combined approach has limitations, the results of the projections show that substitution of fossil energy carriers by biomass, could have positive economic effects, as well as reducing GHG emissions and fossil energy requirement. Key factors to achieve these targets are enhanced technological development and the import of sustainable biomass resources to the Netherlands. - Highlights: • We analyse large scale production of bioenergy and biochemicals in the Netherlands. • The scenarios include up to 30% substitution of fossil fuels by biomass in 2030. • Resulting in strong greenhouse gas savings and positive macro-economic effects. • Large amounts of imported biomass are required to meet the domestic demand. • This requires high rates of technological change and strict sustainability criteria

Macro-defect free cements. State of art

International Nuclear Information System (INIS)

Holanda, J.N.F.; Povoa, G.E.A.M.; Souza, G.P.; Pinatti, D.G.

1998-01-01

The purpose of this work is to prevent a state of art about macro-defect-free cement pastes (MDF cement ) of high mechanical strength. This new type of cement paste is obtained through addition of a water-soluble polymer, followed by intense shear mixing and application of low compacting pressure. It is presented fundamental aspects related to the processing of this MDF paste, as well as its main properties and applications are discussed. (author)

Macro economic linkages and impacts. Technical and fiscal options in GHG abatement

International Nuclear Information System (INIS)

Backus, G.; Barker, T.

1995-01-01

This paper discusses some of the main macro economic linkages and feedbacks associated with policies for GHG abatement. The linkages in a global model are described when OECD carbon taxes or alternatively OECD/OPEC joint action raises world oil prices with a smaller OECD carbon tax. The results give a world perspective on the GHG abatement problem. The paper continues with a discussion of the linkages and feedbacks associated with three options: demand-side management (DSM), mainly to improve end-use energy efficiency, reductions in subsidies of fossil fuel production and use, and investment in renewable energy supplies, specifically in energy forestry and associated infrastructure. It concludes that DSM and investment in renewables are unlikely on their own to bring about reduction in GHG emissions, and that new supplies may even lead to increased emissions by driving down the price of energy. However, reductions in emissions may be compatible with increased efficiency and development, as well as with improvements in the quality of the local environment and in rural living, with the new supplies replacing fossil fuel supplies, provided that real fossil fuel prices are increased via removal of subsidies and if required carbon taxes. (au) 15 refs

Disequilibrium macro model and catastrophe theory: the case of an oil shock

Energy Technology Data Exchange (ETDEWEB)

German, I.

1983-01-01

This study builds a simple disequilibrium macromodel of a small open economy that imports oil from an exogenous unit. The model is motivated by very slow adjustment of prices and wages to disequilibrium. Output on the other hand adjusts to its final level instantaneously. A rationing scheme is specified that explicitly takes into account the spillover effects and differentiates between notional, effective, and actual quantities. In a Solow-Stiglitz (1968) setting, a dynamic model is developed in which the dynamic forces depend on the economic environment specified by the Malinvandian regimes: Classical Unemployment, Keynesian Unemployment, Repressed Inflation, and the Walrasian Equilibrium. Given that dynamic system, the author seeks to identify the stationary points of the system (quasi-equilibria) and to find their stability properties. To the disequilibrium model an oil shock is introduced and its effects on employment, real output, real wage, and the stationary points of the system are investigated. A one-time increase (decrease) in the real price of oil and a continuous increase (decrease) in the real price of oil are considered. The path the economy takes and, in particular, the continuous and discontinuous behavior of the quasi-equilibria are investigated. Finally, the model government policy is incorporated and different policy alternatives are studied.

Investigation of Micro- and Macro-Scale Transport Processes for Improved Fuel Cell Performance

Energy Technology Data Exchange (ETDEWEB)

Gu, Wenbin [General Motors LLC, Pontiac, MI (United States)

2014-08-29

This report documents the work performed by General Motors (GM) under the Cooperative agreement No. DE-EE0000470, “Investigation of Micro- and Macro-Scale Transport Processes for Improved Fuel Cell Performance,” in collaboration with the Penn State University (PSU), University of Tennessee Knoxville (UTK), Rochester Institute of Technology (RIT), and University of Rochester (UR) via subcontracts. The overall objectives of the project are to investigate and synthesize fundamental understanding of transport phenomena at both the macro- and micro-scales for the development of a down-the-channel model that accounts for all transport domains in a broad operating space. GM as a prime contractor focused on cell level experiments and modeling, and the Universities as subcontractors worked toward fundamental understanding of each component and associated interface.

The characteristic of marketing macro environment of European developing countries and Ukraine for company's marketing activity

OpenAIRE

Peresadko, Galina; Bakastov, Ihor

2013-01-01

Іn the report the comparative analysis of different European macro-marketing in developing countries and Ukraine. The analysis of the demographic, economic, natural, technological, political and cultural factors. Also the perspectives for Ukraine's marketing macro environment.

EFFECTS OF OIL PRICE SHOCKS ON THE ECONOMIC SECTORS IN MALAYSIA

Directory of Open Access Journals (Sweden)

Mohd Shahidan Shaari

2013-10-01

Full Text Available This paper aims to examine the effects of oil price shocks on economic sectors in Malaysia. A unit root test was conducted, in which data were shown to be non-stationary in all levels, and stationary in the first difference for all variables. The co-integration model was applied, and the results indicated that one co-integrating equation exists, suggesting the long-term effects of oil prices on the agriculture, construction, manufacturing, and transportation sectors. Finally, Grange causality test was performed, and the results implied that in Malaysia, oil price shocks can affect agriculture, similar to Hanson et al. (2010. Oil price instability also influences the performance of the agriculture sector, contrary to the results of Alper and Torul (2009. In addition, the construction sector was found to be dependent on oil prices. Therefore, the current study has an important implication for the Malaysian government in formulating policies on oil prices. The Malaysian government needs to control the price to ensure that unstable price will not harm the agriculture, manufacturing, and construction sectors.

The source of real and nominal exchange rate fluctuations in Thailand: Real shock or nominal shock

OpenAIRE

Le Thanh, Binh

2015-01-01

This paper examines the source of exchange rate fluctuations in Thailand. We employed a structural vector auto-regression (SVAR) model with the long-run neutrality restriction of Blanchard and Quah (1989) to investigate the changes in real and nominal exchange rates from 1994 to 2015. In this paper, we assume that there are two types of shocks which related to exchange rate movements: real shocks and nominal shocks. The empirical analysis indicates that real shocks are the fundamental compon...

Impacts Of External Price Shocks On Malaysian Macro Economy-An Applied General Equilibrium Analysis

Directory of Open Access Journals (Sweden)

Abul Quasem Al-Amin

2008-10-01

Full Text Available This paper examines the impacts of external price shocks in the Malaysian economy. There are three simulations are carried out with different degrees of external shocks using Malaysian Social Accounting Matrix (SAM and Computable General Equilibrium (CGE analysis. The model results indicate that the import price shocks, better known as external price shocks by 15% decreases the domestic production of building and construction sector by 25.87%, hotels, restaurants and entertainment sector by 12.04%, industry sector by 12.02%, agriculture sector by 11.01%, and electricity and gas sector by 9.55% from the baseline. On the import side, our simulation results illustrate that as a result of the import price shocks by 15%, imports decreases significantly in all sectors from base level. Among the scenarios, the largest negative impacts goes on industry sectors by 29.67% followed by building and construction sector by 22.42%, hotels, restaurants and entertainment sector by 19.45%, electricity and gas sector by 13.%, agriculture sector by 12.63% and other service sectors by 11.17%. However significant negative impact goes to the investment and fixed capital investment. It also causes the household income, household consumption and household savings down and increases the cost of livings in the economy results in downward social welfare.

Detection of macro-ecological patterns in South American hummingbirds is affected by spatial scale

DEFF Research Database (Denmark)

Rahbek, Carsten; Graves, Gary R.

2000-01-01

Scale is widely recognized as a fundamental conceptual problem in biology, but the question of whether species-richness patterns vary with scale is often ignored in macro-ecological analyses, despite the increasing application of such data in international conservation programmes. We tested for s...... peaks, decreasing the power of statistical tests to discriminate the causal agents of regional richness gradients. Ideally, the scale of analysis should be varied systematically to provide the optimal resolution of macro-ecological pattern....

The formation of shocks and fundamental solution of a fourth-order quasilinear Boussinesq-type equation

Science.gov (United States)

Galaktionov, Victor A.

2009-02-01

As a basic higher-order model, the fourth-order Boussinesq-type quasilinear wave equation (the QWE-4) \\[ \\begin{equation*}\\fl u_{tt} = -(|u|^n u)_{xxxx} \\tqs in\\ \\mathbb{R} \\times \\mathbb{R}_+, \\quad with\\ exponent\\ n > 0,\\end{equation*} \\] is considered. Self-similar blow-up solutions \\[ \\begin{eqnarray*}\\tqs\\tqs u_-(x,t)=g(z), \\quad\\, z=\\frac x{\\sqrt{T-t}},\\\\ where\\ g\\ solved\\ the\\ ODE\\ \\frac 14 g'' z^2 + \\frac 34 g'z = -(|g|^n g)^{(4)},\\end{eqnarray*} \\] are shown to exist that generate as t → T- discontinuous shock waves. The QWE-4 is also shown to admit a smooth (for t > 0) global 'fundamental solution' \\[ \\begin{eqnarray*}\\fl b_n(x,t)= t^{\\frac{2}{n+4}} F_n(y),\\ y = x/t^{\\frac{n+2}{n+4}},\\ such\\ that\\ b_{n}(x,0)= 0,\\ b_{nt}(x,0)= {\\delta}(x),\\end{eqnarray*} \\] i.e. having a measure as initial data. A 'homotopic' limit n → 0 is used to get b_0(x,t)= \\sqrt t \\, F_0(x/\\sqrt t) being the classic fundamental solution of the 1D linear beam equation \\[ \\begin{equation*}u_{tt} = -u_{xxxx} \\tqs in\\ \\mathbb{R} \\times \\mathbb{R}_+.\\end{equation*} \\

Sectoral effects of a world oil-price shock: economy-wide linkages to the agricultural sector. Staff report

International Nuclear Information System (INIS)

Hanson, K.; Robinson, S.; Schluter, G.

1991-10-01

The effects of a world oil price shock on U.S. agriculture are analyzed in an economywide environment. The authors use an input-output model to analyze the direct and indirect cost linkages between energy and other sectors of the economy. Then, to allow sectoral output adjustment and the effects on the U.S. current account, they use the U.S. Department of Agriculture/Economic Research Service Computable General Equilibrium (CGE) model to analyze the sectoral effects under three different macro adjustment scenarios. The effects on agriculture are not limited to the direct and indirect energy costs. Exchange rate or foreign borrowing adjustments to higher oil import costs and government support programs for agriculture also matter

Concordian Economics: Beyond Micro and Macroeconomics

OpenAIRE

Gorga, Carmine

2017-01-01

In Concordian economics there is no distinction between micro and macro economics, because the economic process is the same for the individual person, the city, the nation, or the world, What changes is the scale, but not the structure of the process. When micro and macro economics are seen as one, it makes no sense to add monetary wealth to real wealth. It becomes then evident that monetary wealth is not wealth; monetary wealth is a legal representation of real wealth.

Input by insight. Implementation of renewable energy in 2050 taking into account macro-economical aspects and fitting-in options in sectors

International Nuclear Information System (INIS)

Van de Reepe, D.

2001-11-01

In the determination of the potential of renewable energy two factors are important: (1) macro-economical consequences for the Netherlands because of the use of renewable energy sources, and (2) the possibilities of renewable energy to fulfil the energy demands of the several sectors. The main question to be answered in this report is: What is the maximum quantity of renewable energy that can be realized in 2050? The answer will be expressed in the percentage of renewable energy in relation to the total secondary energy demand (excluding non-energetic use of energy carriers). The aim is, that 50% of the energy supply is produced by renewable energy sources. The quantity is eventually determined by the influence of these renewable energy options on the macro-economical position of the Netherlands and the extent to which renewable energy supply meets the energy demands of the several sectors. The macro-economical consequences are determined on the basis of the cost and sensitivities of the several renewable energy options in 2050. Subquestions to answer the main question concern energy demand, renewable energy options, multi-criteria analysis and contemplation. The energy demand in 2050 and the energy profiles of the sectoral energy demand of secondary energy carriers are determined. The renewable energy options, wind energy (onshore and offshore), bioenergy, photovoltaic energy and thermal solar energy, heat pumps and import of green electricity and biomass, are investigated on several factors: Maximal realizable potential; Cost (Cost reduction until 2050, Investment cost, O and M-cost and fuel cost, Total cost, Out of pocket cost); Need for energy storage and cost for fitting in the energy grid; Integration with other renewable energy sources; Availability in sectors; Sensitivity analysis. These data are used in a multi-criteria analysis with four quantitative criteria. The results of this multi-criteria analysis are combined with qualitative criteria with regard

Magnetic Diagnostics on the Magnetized Shock Experiment (MSX)

Science.gov (United States)

Hutchinson, T. M.; Weber, T. E.; Boguski, J. C.; Intrator, T. P.; Smith, R. J.; Dunn, J. P.

2013-10-01

The Magnetized Shock Experiment (MSX) at Los Alamos National Laboratory was built to investigate the physics of high-Alfvénic, supercritical, magnetized shocks through the acceleration and subsequent stagnation of a Field Reversed Configuration (FRC) plasmoid against a magnetic mirror and/or plasma target. An array of high-bandwidth, multi-axis, robust, internal magnetic probes has been constructed to characterize flux compression ratios, instability formation, and turbulent macro-scale features of the post-shock plasma. The mirror magnet is mounted on a linear translation stage, providing a capability to axially move the shock layer through the probe field of view. An independent, external probe array also provides conventional information on the FRC shape, velocity, and total pressure during the formation and acceleration phases. Probe design, characterization, configuration, and initial results are presented. This work is supported by the DOE OFES and NNSA under LANS contract DE-AC52-06NA25369. LA-UR-13-25189.

A full description of the Three-ME model: Multi-sector macro-economic Model for the Evaluation of Environmental and Energy policy

International Nuclear Information System (INIS)

Callonnec, Gael; Landa, Gissela; Malliet, Paul; Yeddir-Tamsamani, Yasser; Reynes, Frederic

2013-01-01

Since 2008, the ADEME and the OFCE are involved in a research convention to develop the model Three-ME. This document provides a full description of new version of the model. Three-ME is a new model of the French economy especially designed to evaluate the medium and long term impact of environmental and energy policies at the macro-economic and sector levels. To do so Three-ME combines two important features. Firstly, it has the main characteristics of neo-Keynesian models by assuming a slow adjustment of effective quantities and prices to their notional level, an endogenous money supply, a Taylor rule and a Philips curve. Compared to standard multi-sector CGEM, this has the advantage to allow for the existence of under-optimum equilibria such as the presence of involuntary unemployment. Secondly, Three-ME is a hybrid model in the sense that it combines the top-down approach of general equilibrium macro-economic models with elements of bottom-up models of energy models developed by engineers. As in bottom-up models, the amount of energy consumed is related to their use, that is the number of buildings or cars, and the energy class to which they belong. This hypothesis is more realistic compared to the assumption made in the majority of top-down models where energy consumption is usually directly related to income through a nested structure of utility function. (authors)

The physiological impacts of wealth shocks in late life: Evidence from the Great Recession.

Science.gov (United States)

Boen, Courtney; Yang, Y Claire

2016-02-01

Given documented links between individual socioeconomic status (SES) and health, it is likely that-in addition to its impacts on individuals' wallets and bank accounts-the Great Recession also took a toll on individuals' disease and mortality risk. Exploiting a quasi-natural experiment design, this study utilizes nationally representative, longitudinal data from the National Social Life, Health, and Aging Project (NSHAP) (2005-2011) (N = 930) and individual fixed effects models to examine how household-level wealth shocks experienced during the Great Recession relate to changes in biophysiological functioning in older adults. Results indicate that wealth shocks significantly predicted changes in physiological functioning, such that losses in net worth from the pre-to the post-Recession period were associated with increases in systolic blood pressure and C-reactive protein over the six year period. Further, while the association between wealth shocks and changes in blood pressure was unattenuated with the inclusion of other indicators of SES, psychosocial well-being, and health behaviors in analytic models, we document some evidence of mediation in the association between changes in wealth and changes in C-reactive protein, which suggests specificity in the social and biophysiological mechanisms relating wealth shocks and health at older ages. Linking macro-level conditions, meso-level household environments, and micro-level biological processes, this study provides new insights into the mechanisms through which economic inequality contributes to disease and mortality risk in late life. Copyright © 2015 Elsevier Ltd. All rights reserved.

Macro-conditions and immigrants' happiness: Is moving to a wealthy country all that matters?

Science.gov (United States)

Hendriks, Martijn; Bartram, David

2016-03-01

Migrants look for a better life. In what kind of country will they live happiest? Many migrants aspire to move to wealthy countries, but non-economic factors might be important as well in making a country livable for migrants. This issue is addressed here by examining the impact of macroeconomic conditions and non-economic macro-conditions (good governance and a pleasant social climate) on immigrants' happiness in twenty European nations. We find that immigrants' happiness depends both on economic and non-economic macro-conditions. The social climate is especially important, particularly in terms of a positive attitude in society towards migrants. Our findings imply that the choice of destination country matters for migrants' happiness and that the discrepancy between migration motives and migration outcomes may constrain immigrants from maximizing subjective gains via migration. Copyright © 2015 Elsevier Inc. All rights reserved.

The principles of the motivational organization of the manufacture and the distribution of the goods at macro-levels

Directory of Open Access Journals (Sweden)

Astaf'ev Igor' Vladimirovič

2012-01-01

Full Text Available The global economic crisis, which has overwhelmed almost all developed countries, is not only a social problem, a problem of the policy, or management, but also the indicator of the necessity of the transition to an essentially new, qualitatively more perfect way of the organization of manufacture and distribution of the goods at macro-level. The existing economic theory, until now, offers two single-level alternatives - the concept of liberal market fundamentalism (laissez faire, and as opposed to it - the planned state-system and different variations and convergent schemes on their bases. However, the main obstacle for the reception of the synergetic effect, according to the theory of systems, is the absence of the third element along with principally, other, over-economical properties, connecting the economy with the unfamiliar areas of moral, cultures and ethics. Such an element in the new concept of the organization of a social production and distribution of the goods, whose bases are given below, acts as the united hierarchical motivational system.

Macro factors in oil futures returns

International Nuclear Information System (INIS)

Le Pen, Yannick; Sevi, Benoit

2012-01-01

We investigate the macro factors that can explain the monthly oil futures return for the NYMEX WTI futures contract for the time period 1993:11 to 2010:03. We build a new database of 187 real and nominal macro-economic variables from developed and emerging countries and resort to the large factor approximate model to extract 9 factors from this dataset. We then regress crude oil return on several combinations of these factors. Our best model explains around 38% of the variability of oil futures return. More interestingly, the factor which has the largest influence on crude oil price is related to real variables from emerging countries. This result confirms the latest finding in the literature that the recent evolution in oil price is attributable to change in supply and demand conditions and not to the large increase in trading activity from speculators. (authors)

Explaining crude oil prices using fundamental measures

International Nuclear Information System (INIS)

Coleman, Les

2012-01-01

Oil is the world's most important commodity, and improving the understanding of drivers of its price is a longstanding research objective. This article analyses real oil prices during 1984–2007 using a monthly dataset of fundamental and market parameters that cover financial markets, global economic growth, demand and supply of oil, and geopolitical measures. The innovation is to incorporate proxies for speculative and terrorist activity and dummies for major industry events, and quantify price impacts of each. New findings are positive links between oil prices and speculative activity, bond yields, an interaction term incorporating OPEC market share and OECD import dependence, and the number of US troops and frequency of terrorist attacks in the Middle East. Shocks also prove significant with a $6–18 per barrel impact on price for several months. - Highlights: ► Article introduces new variables to the study of oil prices. ► New variables are terrorist incidents and military activity, and oil futures market size. ► Shocks prove important affecting prices by $6–18 per barrel for several months. ► OPEC market influence rises with OECD import dependence.

The reactions to macro-economic crises in Nordic health system policies: Denmark, Finland and Sweden, 1980-2013.

Science.gov (United States)

Lehto, Juhani; Vrangbæk, Karsten; Winblad, Ulrika

2015-01-01

Denmark, Finland and Sweden have experienced two major recessions during the last 25 years. The adjustments to the earlier crisis in the late 1980s (Denmark) and early 1990s (Finland and Sweden) resembled the policies in many other European countries during the present crisis. The analysis of relationship of deep economic crises and growth period between them to the health system policies and institutions in the three countries from the 1980s to 2013 is based on a categorisation of reactions to external shocks as path conforming or path breaking. The results of the empirical long-term trends show that the reactions to deep recessions have been mainly temporary adjustments and acceleration of changes already prepared before economic crisis. The economic crisis in the three countries has not been 'good enough' to enable paradigmatic changes in the Nordic public, decentralised and equity-oriented health systems. Changes such as the slow privatisation in care funding and production and the adoption of new management practices indicate an ongoing paradigmatic change related to longer-term societal, ideological and political developments rather than directly to economic crises or growth.

Indecopi’s bureaucratic barriers control and economic fundamental rights guardianship

Directory of Open Access Journals (Sweden)

César Ochoa Cardich

2013-12-01

Full Text Available This study analyzes the guardianship role on entrepreneurial freedom fundamental rights, non- discrimination in economic and property aspects exerted by the Elimination of Bureaucratic Barriers Commission from the National Institute for the Defense of Competition and IntellectualProperty (Indecopi developed throughout resolutions and administrative cases set up by the Defense of Competition Chamber #1. This role is particularly relevant in our legal system, due to their special functions the Elimination of Bureaucratic Barriers Commission is entitled by legal mandate to establish the non- application of rules in specific cases exercising legal control. This administrative function- initially misunderstood-has proved to be an efficient tool for the guardianship of economic rights due to our judicial system ineffectiveness in contentious administrative matters. The author considers the possibility of making a constitutional reform in order to provide specialized administrative bodies, such as INDECOPI, with the quality of “primary administrative jurisdiction” whose resolutions will only be reviewed by the State Council jurisdiction.

Community Economics

OpenAIRE

武藤, 宣道; Nobumichi, MUTOH

2000-01-01

This paper examines the new field of community economics with respect to Japan. A number of studies in community economics have already been produced in OECD countries including the United States. Although these are of great interest, each country has its own historical, socioeconomic context and must therefore develop its own approach to community economics. Community-oriented economics is neither macro-nor micro-economics in the standard economics textbook sense. Most community economics st...

Hydrogen Macro System Model User Guide, Version 1.2.1

Energy Technology Data Exchange (ETDEWEB)

Ruth, M.; Diakov, V.; Sa, T.; Goldsby, M.; Genung, K.; Hoseley, R.; Smith, A.; Yuzugullu, E.

2009-07-01

The Hydrogen Macro System Model (MSM) is a simulation tool that links existing and emerging hydrogen-related models to perform rapid, cross-cutting analysis. It allows analysis of the economics, primary energy-source requirements, and emissions of hydrogen production and delivery pathways.

A macro perspective for client-centred practice in curricula: Critique and teaching methods.

Science.gov (United States)

Fleming-Castaldy, Rita P

2015-07-01

Client-centred practice is often eclipsed by social, economic, and political inequities. Ignoring these realities obstructs clients' goal attainment. The author advocates for the integration of a macro perspective inclusive of participation barriers and supports in occupational therapy curricula and seeks to motivate educators to adopt teaching approaches that develop students' abilities to address the complexities of client-centred practice. This article integrates a critical analysis of the literature on client-centred practice with reflexivity on disability studies and autoethnography. Educational standards require students to learn about the social, economic, and political contexts that impact on client-centred practice and the need for advocacy to enable participation. Theoretical support of a macro perspective for client-centred practice is strongly evident in the literature. Information on methods for teaching students how to actualize these concepts in practice is scant. Thus, strategies to inform the integration of a macro perspective into curricula and concrete activities to develop students' competencies for empowered client-centred practice are required. Educators have an ethical responsibility to critique their pedagogy to determine whether they are adequately preparing students for client-centred practice. The focus must move from teaching a micro perspective of client-centred practice to a macro perspective that enables occupational justice and empowerment.

Simple, economical heat-shock devices for zebrafish housing racks.

Science.gov (United States)

Duszynski, Robert J; Topczewski, Jacek; LeClair, Elizabeth E

2011-12-01

One reason for the popularity of the zebrafish (Danio rerio) as a model vertebrate is the ability to manipulate gene expression in this organism. A common method is to induce gene expression transiently under control of a heat-shock promoter (e.g., hsp70l). By making simple mechanical adjustments to small aquarium heaters (25-50W), we were able to produce consistent and reliable heat-shock conditions within a conventional zebrafish housing system. Up to two heat-shock intervals per day (>37°C) could be maintained under conditions of continuous flow (5-25 mL/min). Temperature logging every 30 s indicated rapid warm up times, consistent heat-shock lengths, and accurate and precise peak water temperatures (mean±SD=38°C±0.2°C). The biological effects of these heat-shock treatments were confirmed by observing inducible expression of enhanced green fluorescent protein (EGFP) and inhibition of caudal fin regeneration in a transgenic fish line expressing a dominant negative fibroblast growth factor receptor (Tg(hsp70l:dnfgfr1-EGFP)(pd1)). These devices are inexpensive, easily modified, and can be calibrated to accommodate a variety of experimental designs. After setup on a programmable timer, the heaters require no intervention to produce consistent daily heat shocks, and all other standard care protocols can be followed in the fish facility. The simplicity and stability of these devices make them suitable for long-term heat shocks at any stage of the zebrafish lifecycle (>7 days postfertilization), and useful for both laboratory and classroom experiments on transgenic zebrafish.

MACRO

International Nuclear Information System (INIS)

Rogner, H.H.

1989-01-01

The description is given to MACRO which is a numerically formulated macroeconomic model constructed to reflect the economy of the European Community. The model belongs to the group of general equilibrium models often applied in long-term macroeconomic energy modeling. Furthermore, MACRO was designed so as to interact with other more technically oriented energy demand and supply models. It's main objective is to provide consistency checks between assumptions concerning energy trade, energy prices, resource availability and energy-related capital requirements. 5 figs

The Shock Wave in the ionosphere during an Earthquake

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Kuznetsov Vladimir

2016-01-01

Full Text Available Fundamentally new model of the shock wave (SW generation in atmosphere and ionosphere during earthquake is proposed. The model proceeds from the idea of cooperative shock water crystallization in a cloud.

Essays in the Application of Linear and Non-linear Bayesian VAR Models to the Macroeconomic Impacts of Energy Price Shocks

Science.gov (United States)

Nguyen, Bao H.

This thesis is a collection of five self contained empirical macroeconomic papers on the asymmetric effects of energy price shocks on various economies. Chapter 1 formally determines the number of regime changes in the US natural gas market by employing a MS-VAR model. Estimated using Bayesian methods, three regimes are identified for the period 1980 - 2016, namely, before the Decontrol Act, after the Decontrol Act and the Recession. The results show that the natural gas market tends to be much more sensitive to market fundamental shocks occurring in a Recession regime than in the other regimes. Augmenting the model by incorporating the price of crude oil, the results reveal that the impacts of oil price shocks on natural gas prices are relatively small. Chapter 2 provides new empirical evidence on the asymmetric reactions of the U.S. natural gas market and the U.S. economy to its market fundamental shocks in different phases of the business cycle. To this end, we employ a ST-VAR model to capture the asymmetric responses depending on economic conditions. Our results indicate that in contrast to the prediction made by a linear VAR model, the STVAR model provides a plausible explanation to the behavior of the U.S. natural gas market, which asymmetrically reacts in bad times and good times. Chapter 3 examines the relationship between China's economic growth and global oil market fluctuations between 1992Q1 and 2015Q3. We find that: (1) the time varying parameter VAR with stochastic volatility provides a better fit as compared to it's constant counterparts; (2) the impacts of intertemporal global oil price shocks on China's output are often small and temporary in nature; (3) oil supply and specific oil demand shocks generally produce negative movements in China's GDP growth whilst oil demand shocks tend to have positive effects; (4) domestic output shocks have no significant impact on price or quantity movements within the global oil market. Chapter 4 examines the

Essays on economic cycles

NARCIS (Netherlands)

Groot, de E.A. (Bert)

2006-01-01

Schumpeter’s line of thought of multiple economic cycles is further investigated. The existence of multiple cycles in economic variables is demonstrated. In basic innovations five different cycles are found. Multiple cycle structures are shown in various macro-economic variables from the United

Economic fundamentals: between consecration and contestation

Directory of Open Access Journals (Sweden)

Monica-Gabriela GHERMAN

2012-09-01

Full Text Available Currently, the whole world has fallen prey to the most profound and long recession in the history after the war. Based on the causes and effects of the current crisis, can we say exactly which is the best economic trend that evokes the reality of today? Representatives of classicism, neoclassicism, Keynesianism, monetarism, economic liberalism etc.? Economic laws will remain in the same stage or will change? Certainly, there will be an adjustment in economic thinking and the economic crisis will force us to choose a different economic model, based primarily on rationality, morality and temperance.We can even say that a quick return to the Middle Ages, the economic thinking of the scholars, who maintain those principles of economic life dependent and religious morality, by accepting the conditions of inequality as a source of virtue practiced, and detachment from wealth, combined with the principles of economic life in capitalism, could lead to a moral economic model, linking the two categories of facts: religion and economic development, as Max Weber stated in his book “Protestant Ethics and the Spirit of Capitalism”.

Parser Macros for Scala

OpenAIRE

Duhem, Martin; Burmako, Eugene

2015-01-01

Parser macros are a new kind of macros that allow developers to create new language constructs and to define their own syntax for using them. In this report, we present why parser macros are useful and the kind of problems that they help to solve. We will also see how they are implemented and gain insight about how they take advantage from scala.meta, the new metaprogramming toolkit for Scala. Finally, we will discuss what are the current limitations of parser macros and what is left for futu...

The macro-economic significance of nuclear power

International Nuclear Information System (INIS)

Brookes, L.G.

1983-01-01

The role of energy in economic systems and interpretation of energy statistics are discussed together with energy conservation and the two-way interaction between energy and economic activity. Misconceptions about the relative roles of energy conservation and new energy supply, and about the link between energy investment and jobs are described. It is concluded that price-induced energy saving measures are appropriate but not sufficient when energy prices rise; they should be accompanied by measures to increase the supply of low-cost/low-priced energy. The role of nuclear energy is two-fold: first, as a contribution to new energy supply and, secondly, in offering new economic opportunities. (UK)

Network Interaction of Universities in Higher Education System of Ural Macro-Region

Directory of Open Access Journals (Sweden)

Garold Efimovich Zborovsky

2017-06-01

Full Text Available The subject-matter of the analysis are the characteristics and forms of cooperation between universities of Ural Federal District on the basis of their typology. The purpose of the article is to substantiate the necessity and possibility of network interaction between universities of the macro-region. We prove the importance and potential effectiveness of universities network interaction in the terms of socio-economic uncertainty of the development of Ural Federal District and its higher education. Networking interaction and multilateral cooperation are considered as a new type of inter-universities relations, which can be activated and intensified by strengthening the relations of universities with stakeholders. The authors examine certain concrete forms and formats of network interaction and cooperation between universities and discuss selected cases of new type of relations. In it, they see the real and potential innovation of higher school nonlinear development processes. The statements of the article allow to confirm the hypothesis about the reality of strengthening the network interaction in macro-region. It can transform higher education in the driver of socio-economic development of Ural Federal District; ensure the competitiveness of higher education of the macro-region in the Russian and global educational space; enhance its role in the society; become one of the most significant elements of nonlinear models of higher education development in the country. The authors’ research is based on the interdisciplinary methodology including the potential of theoretical sociology, sociology of higher education, economic sociology, management theory, regional economics. The results of the study can form the basis for the improvement of the Ural Federal District’s educational policy.

The use of economic forecasts in Danish economic policy, with special emphasis on energy and the environment

International Nuclear Information System (INIS)

Nielsen, Lise

1998-01-01

This article discusses the use of economic forecasts in Danish economic policy, with special emphasis on energy and the environment. Two different approaches have been used to forecast energy consumption and its effects on environment in Denmark and other countries. These are the macro economic and the technical approaches. The technical approach is based on technical expertise related to energy production and energy consumption, and the article asks whether the forecasts produced by this approach are superior to macro economic forecasts of energy consumption. This question is interesting because the implications for policy resulting from the two approaches seem to be different. The analysis may have relevance to other areas outside the main economic field. (au) 22 refs

Metastable Features of Economic Networks and Responses to Exogenous Shocks.

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Ali Hosseiny

Full Text Available It is well known that a network structure plays an important role in addressing a collective behavior. In this paper we study a network of firms and corporations for addressing metastable features in an Ising based model. In our model we observe that if in a recession the government imposes a demand shock to stimulate the network, metastable features shape its response. Actually we find that there exists a minimum bound where any demand shock with a size below it is unable to trigger the market out of recession. We then investigate the impact of network characteristics on this minimum bound. We surprisingly observe that in a Watts-Strogatz network, although the minimum bound depends on the average of the degrees, when translated into the language of economics, such a bound is independent of the average degrees. This bound is about 0.44ΔGDP, where ΔGDP is the gap of GDP between recession and expansion. We examine our suggestions for the cases of the United States and the European Union in the recent recession, and compare them with the imposed stimulations. While the stimulation in the US has been above our threshold, in the EU it has been far below our threshold. Beside providing a minimum bound for a successful stimulation, our study on the metastable features suggests that in the time of crisis there is a "golden time passage" in which the minimum bound for successful stimulation can be much lower. Hence, our study strongly suggests stimulations to arise within this time passage.

The Effects of Oil Price Shocks on IIP and CPI in Emerging Countries

Directory of Open Access Journals (Sweden)

Yukino Sakashita

2016-09-01

Full Text Available In this paper, we investigate the effects of oil price shocks on the production and price level in five emerging countries through comparison with the United States, using a two-block structural VAR model of the global crude oil market proposed by Kilian and Park (see International Economic, vol. 50, 2009, pp. 1267–1287. Our main finding is that the effect of oil price shocks on the index of the industrial production (IIP and consumer price index (CPI in emerging countries also depends on where the changes fundamentally come from (this is also the case for the United States. We also found that some emerging countries showed unique impulse response patterns, the shapes of which are different from those of the United States and there are differences in impulse response patterns among emerging countries.

Economical recycling process for spent lithium-ion batteries and macro- and micro-scale mechanistic study

Science.gov (United States)

Li, Li; Bian, Yifan; Zhang, Xiaoxiao; Xue, Qing; Fan, Ersha; Wu, Feng; Chen, Renjie

2018-02-01

An economical effective method is developed for recycling spent LiNi1/3Co1/3Mn1/3O2 cathodes, where more than 98% Li, Co, Ni and Mn can be leached out with different organic acids, and resynthesized to LiNi1/3Co1/3Mn1/3O2. The leaching mechanism is investigated at macro- and micro-scales. The particles undergo a loosening-breaking-shrinking change for two acids, while the FTIR and UV-vis spectra indicate different coordination reactions. The performance of LiNi1/3Co1/3Mn1/3O2 resynthesized from the leachate of the acetic acid leaching (NCM-Ac) and maleic acid leaching (NCM-Ma) are compared. The first discharge capacity of NCM-Ma and NCM-Ac at 0.2C are 151.6 and 115.0 mA h g-1, respectively. The much better performance of NCM-Ma than NCM-Ac results from the different coordination of the two acids in the sol-gel process, where the maleic acid can esterify to establish a stable network to chelate metal ions, while the weak chelation of acetic acid leads to the formation of impurities. The economics analysis including the cost of leaching acid and energy consumption shows that the price of organic acids and reducing agents, short leaching time, low temperature and high-valued products are the effective way to increase recycling and environmental benefits, which shows advantages in terms of resources cost and added value.

Recent oil price shock and Tunisian economy

International Nuclear Information System (INIS)

Jbir, Rafik; Zouari-Ghorbel, Sonia

2009-01-01

The objective of this paper is to study the oil prices-macroeconomy relationship by the analysis of the role of subsidy policy. The vector autoregression (VAR) method was employed to analyze the data over the period 1993 Q1 - 2007 Q3. The results of the model using both linear and non-linear specifications indicate that there is no direct impact of oil price shock on the economic activity. The shock of oil prices affects economic activity indirectly. The most significant channel by which the effects of the shock are transmitted is the government's spending. (author)

Shocks in economic growth=shocking effects for food security?

NARCIS (Netherlands)

Kavallari, A.; Fellmann, T.; Hubertus Gay, H.

2014-01-01

The recent economic and financial turmoil raises the question on how global economic growth affects agricultural commodity markets and, hence, food security. To address this question, this paper assesses the potential impacts of faster economic growth in developed and emerging economies on the one

101 Ready-To-Use Excel Macros

CERN Document Server

Alexander, Michael

2012-01-01

Save time and be more productive with this helpful guide to Excel macros! While most books about Excel macros offer only minor examples, usually aimed at illustrating a particular topic, this invaluable resource provides you with the tools needed to efficiently and effectively program Excel macros immediately. Step-by-step instructions show you how to create VBA macros and explain how to customize your applications to look and work exactly as you want them to. By the end of the book, you will understand how each featured macro works, be able to reuse the macros included in the book and online,

Response of the seated human body to whole-body vertical vibration: discomfort caused by mechanical shocks.

Science.gov (United States)

Zhou, Zhen; Griffin, Michael J

2017-03-01

The frequency dependence of discomfort caused by vertical mechanical shocks has been investigated with 20 seated males exposed to upward and downward shocks at 13 fundamental frequencies (1-16 Hz) and 18 magnitudes (±0.12 to ±8.3 ms -2 ). The rate of growth of discomfort with increasing shock magnitude depended on the fundamental frequency of the shocks, so the frequency dependence of equivalent comfort contours (for both vertical acceleration and vertical force measured at the seat) varied with shock magnitude. The rate of growth of discomfort was similar for acceleration and force, upward and downward shocks, and lower and higher magnitude shocks. The frequency dependence of discomfort from shocks differs from that of sinusoidal vibrations having the same fundamental frequencies. This arises in part from the frequency content of the shock. Frequency weighting W b in BS 6841:1987 and ISO 2631-1:1997 provided reasonable estimates of the discomfort caused by the shocks investigated in this study. Practitioner Summary: No single frequency weighting can accurately predict the discomfort caused by mechanical shocks over wide ranges of shock magnitude, but vibration dose values with frequency weighting W b provide reasonable estimates of discomfort caused by shocks similar to those investigated in this study with peak accelerations well below 1 g.

Development of a long term macro econometric model for strategic analysis and cost assessments in nuclear R and D fields

International Nuclear Information System (INIS)

Mankin, Shuichi; Yamazaki, Shigeki.

1985-11-01

A Long Term Macro Econometric Model (LTMEMO) has been developed for the purpose of generating economic scenarios for strategic analysis and for cost assessments of technologies in the field of nuclear research and development. The program system of the model is composed of such sub-programs as related social and economic statistic data base and its treatment program, identification and estimation programs of various econometric functions, simulation programs for future projections, and a reference econometric model program. The reference econometric model in the program system would be improved and modified easily by using data base and other sub-programs as the purpose of data retrieval, application of economic hypothesis, and scenario generation. The reference model belongs to a category of such standard types as macro-econometric, deterministic, and descriptive one, however, it was deviated based on the combination of Keynesian theories and Neo-classical theories and was modified by system engineering aspects. The model obtained good performances in such various econometric tests as statistical examinations in parameter estimation of each functions and so called partial tests, total tests, and final tests. Macro economic scenarios α and β, long term projections through 2030 of macro economy in our country were evaluated appropriately by this model. This report describes the process in the development of the model from needs of econometric model in nuclear fields to examples of economic scenarios generated by this model. Some consideration are taken into descriptions on the deviation of each functions and on the application of economic theories for practical use of this program system at the time of modification and improvements of the reference model. (author)

Micro-processus et macro-structures

Directory of Open Access Journals (Sweden)

Aaron Victor Cicourel

2008-10-01

Full Text Available Des approches sociologiques traditionnelles ont défini des macro-structures sociales comme un niveau particulier de la réalité sociale, à distinguer des micro-épisodes de l’action sociale. Cela les a conduits à concevoir ces macro-structures et à mener des recherches sur elles de manière plus ou moins indépendante des pratiques observables de la vie quotidienne. Cicourel soutient que les faits (macro-sociaux ne sont pas simplement donnés, mais émergent de pratiques routinières de la vie de tous les jours. Le macro, au sens de descriptions résumées, hors contexte, normalisées et typifiées, est un produit typique des procédures interactives et organisationnelles qui transforment les micro-événements en structures macro-sociales. Ainsi une précondition pour l’intégration des phénomènes micro- et macro-sociaux dans notre théorie et dans notre méthodologie renvoie à l’identification des processus contribuant à la création de macro-structures par des inférences routinières, des interprétations et des procédure de résumé. Le texte montre aussi que les différences entre approches micro-sociologiques apparaissent parallèles à celles existant entre approches micro et macro. On se centrant sur de petits fragments d’interactions conversationnelles, certains travaux micro-sociologiques tendent à ignorer ce qui informe ces interactions conversationnelles pour les participants eux-mêmes. Les comptes rendus décontextualisés produits par de telles méthodes ressemblent à la décontextualisation résultant des procédures macro-sociologiques d’agrégation. Contre cela, Cicourel défend la constitution de bases de données comparatives n’incluant pas seulement le contexte des interactions de face à face, mais étudiant aussi les phénomènes sociaux de manière systématique à travers différents contextes.Micro-processes and macro-structures. Notes on articulation between different levels of analysis

Fundamental ecology is fundamental.

Science.gov (United States)

Courchamp, Franck; Dunne, Jennifer A; Le Maho, Yvon; May, Robert M; Thébaud, Christophe; Hochberg, Michael E

2015-01-01

The primary reasons for conducting fundamental research are satisfying curiosity, acquiring knowledge, and achieving understanding. Here we develop why we believe it is essential to promote basic ecological research, despite increased impetus for ecologists to conduct and present their research in the light of potential applications. This includes the understanding of our environment, for intellectual, economical, social, and political reasons, and as a major source of innovation. We contend that we should focus less on short-term, objective-driven research and more on creativity and exploratory analyses, quantitatively estimate the benefits of fundamental research for society, and better explain the nature and importance of fundamental ecology to students, politicians, decision makers, and the general public. Our perspective and underlying arguments should also apply to evolutionary biology and to many of the other biological and physical sciences. Copyright © 2014 The Authors. Published by Elsevier Ltd.. All rights reserved.

Critical point anomalies include expansion shock waves

Energy Technology Data Exchange (ETDEWEB)

Nannan, N. R., E-mail: ryan.nannan@uvs.edu [Mechanical Engineering Discipline, Anton de Kom University of Suriname, Leysweg 86, PO Box 9212, Paramaribo, Suriname and Process and Energy Department, Delft University of Technology, Leeghwaterstraat 44, 2628 CA Delft (Netherlands); Guardone, A., E-mail: alberto.guardone@polimi.it [Department of Aerospace Science and Technology, Politecnico di Milano, Via La Masa 34, 20156 Milano (Italy); Colonna, P., E-mail: p.colonna@tudelft.nl [Propulsion and Power, Delft University of Technology, Kluyverweg 1, 2629 HS Delft (Netherlands)

2014-02-15

From first-principle fluid dynamics, complemented by a rigorous state equation accounting for critical anomalies, we discovered that expansion shock waves may occur in the vicinity of the liquid-vapor critical point in the two-phase region. Due to universality of near-critical thermodynamics, the result is valid for any common pure fluid in which molecular interactions are only short-range, namely, for so-called 3-dimensional Ising-like systems, and under the assumption of thermodynamic equilibrium. In addition to rarefaction shock waves, diverse non-classical effects are admissible, including composite compressive shock-fan-shock waves, due to the change of sign of the fundamental derivative of gasdynamics.

The analysis of macro-environment for the pork meat industry from Romania

Directory of Open Access Journals (Sweden)

Genoveva Buzamat

2013-05-01

Full Text Available Abstract For the realization of this study we used PESTEc analysis of the external environment (politico-legal, economic, social and technological in order to highlight the opportunities which can lead to a higher efficiency of the economic activity or the threats represented by the potential impediments which could prevent the development of the economic activity of the studied company. The study was realized on a company which has as activity the raising of porcine, but due to confidentiality reasons we will not divulge its name. Keywords :industry, macro-environment,  meat, pork

Influence of Economic Value and Fundamental Analysis Toward Stock Market (Studies on the Retail Trade Industry Sector)

OpenAIRE

Widyatmini, Widyatmini; Damanik, Michael Valentino

2009-01-01

The objective of this research is to measure the influence of economics value added and fundamental analysis toward stock price on retail industry. Data which was deployed on this research are company financial report and stock price. Further, data was analyzed using regression method by deploying SPSS software. Research result shows that all independent variables proposed (economics value added, current ratio, quick ratio, total asset turnover ratio, inventory turnover ratio, gross profit ma...

Macro-economic effects of two policy variants to reduce greenhouse gas emission

International Nuclear Information System (INIS)

Vromans, M.W.A.M.

1998-10-01

The macro-economic effects of two variants for reducing CO2-emissions by yearly 2% in the period 2000-2020 have been calculated. Regulations as limiting the maximum speed to 90 km/h on motorways and lowering the standards of energy use of houses form an important part of variant 1. In the second variant the competitive market policy plays a more important role. An increase of the existing small-user energy tax to four times the current level and an introduction of tradeable reduction certificates are among the policy measures. In both variants, but in variant 2 more than in variant 1, backstop-options, e.g. import of biomass and carbon dioxide storage, are added to further reduce the emissions. The effects on energy and the environment and the costs of the policy packages have been calculated by the Netherlands Energy Research Foundation (ECN). Those figures served as input for the CPB-calculations with the multi-sectoral model Athena. In variant 1 the volume of private consumption (an indicator for the material welfare loss) is, in 2020, 1.5% lower in comparison with the baseline scenario. GDP diminishes with 1 % and labour demand is 0.5% lower. As a consequence of the gradually increasing government subsidies to finance the extra costs of environmental investments and backstop-options the negative effects are increasing gradually too. This process will continue also after 2020 because the subsidies will be still growing after the scenario period. The negative effects of variant 2 in 2020 are about 50% higher than the results for variant 1. Private consumption decreases with 2.5%, GDP is 1.75% lower and employment diminishes with 0.75%. More subsidies for backstop-options, a higher increase of the small-user energy tax and a less positive effect because of less environmental investments, particularly less investments in dwellings, account for the more negative picture in comparison with the results for variant 1. The study ends with some points of discussion as

Global non-linear effect of temperature on economic production.

Science.gov (United States)

Burke, Marshall; Hsiang, Solomon M; Miguel, Edward

2015-11-12

Growing evidence demonstrates that climatic conditions can have a profound impact on the functioning of modern human societies, but effects on economic activity appear inconsistent. Fundamental productive elements of modern economies, such as workers and crops, exhibit highly non-linear responses to local temperature even in wealthy countries. In contrast, aggregate macroeconomic productivity of entire wealthy countries is reported not to respond to temperature, while poor countries respond only linearly. Resolving this conflict between micro and macro observations is critical to understanding the role of wealth in coupled human-natural systems and to anticipating the global impact of climate change. Here we unify these seemingly contradictory results by accounting for non-linearity at the macro scale. We show that overall economic productivity is non-linear in temperature for all countries, with productivity peaking at an annual average temperature of 13 °C and declining strongly at higher temperatures. The relationship is globally generalizable, unchanged since 1960, and apparent for agricultural and non-agricultural activity in both rich and poor countries. These results provide the first evidence that economic activity in all regions is coupled to the global climate and establish a new empirical foundation for modelling economic loss in response to climate change, with important implications. If future adaptation mimics past adaptation, unmitigated warming is expected to reshape the global economy by reducing average global incomes roughly 23% by 2100 and widening global income inequality, relative to scenarios without climate change. In contrast to prior estimates, expected global losses are approximately linear in global mean temperature, with median losses many times larger than leading models indicate.

Global non-linear effect of temperature on economic production

Science.gov (United States)

Burke, Marshall; Hsiang, Solomon M.; Miguel, Edward

2015-11-01

Growing evidence demonstrates that climatic conditions can have a profound impact on the functioning of modern human societies, but effects on economic activity appear inconsistent. Fundamental productive elements of modern economies, such as workers and crops, exhibit highly non-linear responses to local temperature even in wealthy countries. In contrast, aggregate macroeconomic productivity of entire wealthy countries is reported not to respond to temperature, while poor countries respond only linearly. Resolving this conflict between micro and macro observations is critical to understanding the role of wealth in coupled human-natural systems and to anticipating the global impact of climate change. Here we unify these seemingly contradictory results by accounting for non-linearity at the macro scale. We show that overall economic productivity is non-linear in temperature for all countries, with productivity peaking at an annual average temperature of 13 °C and declining strongly at higher temperatures. The relationship is globally generalizable, unchanged since 1960, and apparent for agricultural and non-agricultural activity in both rich and poor countries. These results provide the first evidence that economic activity in all regions is coupled to the global climate and establish a new empirical foundation for modelling economic loss in response to climate change, with important implications. If future adaptation mimics past adaptation, unmitigated warming is expected to reshape the global economy by reducing average global incomes roughly 23% by 2100 and widening global income inequality, relative to scenarios without climate change. In contrast to prior estimates, expected global losses are approximately linear in global mean temperature, with median losses many times larger than leading models indicate.

DOE fundamentals handbook: Material science

International Nuclear Information System (INIS)

1993-01-01

This handbook was developed to assist nuclear facility operating contractors in providing operators, maintenance personnel, and the technical staff with the necessary fundamentals training to ensure a basic understanding of the structure and properties of metals. This volume contains the following modules: thermal shock (thermal stress, pressurized thermal shock), brittle fracture (mechanism, minimum pressurization-temperature curves, heatup/cooldown rate limits), and plant materials (properties considered when selecting materials, fuel materials, cladding and reflectors, control materials, nuclear reactor core problems, plant material problems, atomic displacement due to irradiation, thermal and displacement spikes due to irradiation, neutron capture effect, radiation effects in organic compounds, reactor use of aluminum)

[A global view of population health in Colombia: role of social macro-determinants].

Science.gov (United States)

Idrovo, Alvaro J; Ruiz-Rodríguez, Myriam

2007-09-01

The social environment is an important determinant of population and individual health. However, its impact is often not considered in national health policies and generally its attributes are considered as constants. For this reason, contemporary health policies place greater emphasis on individual risk factors. Colombias position in the world ranking is described with respect to several social macro-determinants of health, previously characterized as components of class/welfare regime model. The exploratory study included all countries with comparable data including the following: (1) economic development [gross domestic product per capita adjusted for purchasing power parity], (2) income inequality [Gini coefficient], (3) social capital corruption perceptions index and generalized trust, and (4) political regime index of freedom. First, correlations between these macro-determinants were estimated, and second, the relationship between them and life expectancy at birth was explored. Finally, the position of Colombia in global context was determined. Important correlations occurred among the macro-determinants. Colombia tended to have intermediate to low positions in the global context in all macro-determinants, with the exception of gross domestic product per capita adjusted for purchasing power parity. The macro-determinant of population health with the highest potential of effecting improvement in health conditions is to modify income inequality.

A generalized macro-assembler

International Nuclear Information System (INIS)

Kaul, Mohan Lai

1970-01-01

The objective of this research is to study existing macro assemblers, and to create a generalized macro assembler, MAG-I, which is a system independent of a source language, and provides the following possibilities: development of any existing language, translation from a language to another, and creation of a new language. The user can choose his own notations to define macros. The system is implemented on an IBM 360/91 computer. Programs are written in symbolic language and the input/output software is written in Fortran [fr

A study on genetic variation and selective effect of principal characters of hybrid progenies of macro-mutants in peanut

International Nuclear Information System (INIS)

Qiu Qingrong

1990-01-01

In order to make good use of macro-mutants, we have studied the law of genetic variation and selective effect on the hybrid progenies of original varieties and of two macro-mutants with steady phenotypes. The results show that the hybrid progenies of the two experimental macro-mutants in the broad-sense heritability and the genetic advance of their main economical characters as well as the effect on selection are better than those of the hybrid progenies of the two original varieties. The selection rate from the macro-mutant hybrid progenies is 72.2% which is higher than that of the hybrid progenies of the two original varieties, and and a new prospecting strain has been obtained

Regional employment growth, shocks and regional industrial resilience

DEFF Research Database (Denmark)

Holm, Jacob Rubæk; Østergaard, Christian Richter

2013-01-01

The resilience of regional industries to economic shocks has gained a lot of attention in evolutionary economic geography recently. This paper uses a novel quantitative approach to investigate the regional industrial resilience of the Danish ICT sector to the shock following the burst of the dot......-com bubble. It is shown that regions characterised by small and young ICT service companies were more adaptable and grew more than others, while diversity and urbanisation increased the sensitivity to the business cycle after the shock. Different types of resilient regions are found: adaptively resilient......, rigidly resilient, entrepreneurially resilient and non-resilient regions....

Continent of pessimism or continent of realism? A multilevel study into the impact of macro-economic outcomes and political institutions on societal pessimism, European Union 2006-2012.

Science.gov (United States)

Steenvoorden, Eefje H; van der Meer, Tom Wg

2017-06-01

The often-posed claim that Europe is a pessimistic continent is not unjustified. In 2012, 53 percent of European Union (EU) citizens were pessimistic about their country. Surprisingly, however, societal pessimism has received very little scientific attention. In this article, we examine to what extent political and economic factors drive societal pessimism. In terms of political factors, we expect that supranationalization, political instability, and corruption increase societal pessimism, as they diminish national political power and can inspire collective powerlessness. Economically, we expect that the retrenchment of welfare state provisions and economic decline drive societal pessimism, as these developments contribute to socioeconomic vulnerability. We assess the impact of these political and economic factors on the level of societal pessimism in the EU, both cross-nationally and over time, through multilevel analyses of Eurobarometer data (13 waves between 2006 and 2012 in 23 EU countries). Our findings show that the political factors (changes in government, corruption) primarily explain cross-national differences in societal pessimism, while the macro-economic context (economic growth, unemployment) primarily explains longitudinal trends within countries. These findings demonstrate that, to a large extent, societal pessimism cannot be viewed separately from its political and economic context.

Sustaining anti-littering behavior within coastal and marine environments: Through the macro-micro level lenses.

Science.gov (United States)

Beeharry, Yashna Devi; Bekaroo, Girish; Bokhoree, Chandradeo; Phillips, Michael Robert; Jory, Neelakshi

2017-06-30

Being regarded as a problem of global dimensions, marine litter has been a growing concern that affects human beings, wildlife and the economic health of coastal communities to varying degrees. Due to its involvement with human behavior, marine littering has been regarded as a cultural matter encompassing macro and micro level aspects. At the micro or individual level, behavior and behavioral motivation of an individual are driven by perception of that person while at the macro or societal level, aspects including policies and legislations influence behavior. This paper investigates marine littering through the macro-micro level lenses in order to analyze and recommend how anti-littering behavior can be improved and sustained. Using Coleman's model of micro-macro relations, research questions are formulated and investigated through a social survey. Results showed important differences in perceptions among participating groups and to address key issues, potential actions are proposed along with a framework to sustain anti-littering behavior. Copyright © 2017 Elsevier Ltd. All rights reserved.

An Agent-Based Dynamic Model of Politics, Fertility and Economic Development

Directory of Open Access Journals (Sweden)

Zining Yang

2016-08-01

Full Text Available In the political economy of development, government policy choices at a single point in time can dramatically affect a country's development path by impacting fertility, economic and political decisions across generations. Combining system dynamics and agent-based modeling approaches in a complex adaptive system, a simulation framework of the Politics of Fertility and Economic Development (POFED is formalized to understand the relationship between politics, economic, and demography change at both macro and micro levels. First, a new political capacity measurement is used; and the system dynamics model is validated with the latest data. Second, the endogenous attributes are fused with non-cooperative game theory in an agent-based framework to simulate the interactive political economic dynamics of individual intra-societal transactions. Finally, macro and micro levels are connected with policy levers of political capacity and political instability by merging system dynamics and agent-based components. This paper also explores the agent-based model's behavioral dynamics via simulation methods to identify paths towards economic development and political stability. This model demonstrates micro level human agency can act, react and interact, thus driving macro level dynamics, while macro structures provide political, social and economic environments that constrain or incentivize micro level human behavior.

Integrated modelling of economic-energy-environment scenarios - The impact of China and India's economic growth on energy use and CO2 emissions

International Nuclear Information System (INIS)

Roques, F.; Sassi, O.; Guivarch, C.; Waisman, H.; Crassous, R.; Hourcade, J.Ch.

2009-03-01

A hybrid framework coupling the bottom-up energy sector WEM model with the top-down general equilibrium model IMACLIM-R is implemented to capture the macro-economic feedbacks of Chinese and Indian economic growth on energy and emissions scenarios. The iterative coupling procedure captures the detailed representation of energy use and supply while ensuring the micro-economic and macro-economic consistency of the different scenarios studied. The dual representation of the hybrid model facilitates the incorporation of energy sector expertise in internally consistent scenarios. The paper describes how the hybrid model was used to assess the effect of uncertainty on economic growth in China and India in the energy and emissions scenarios of the International Energy Agency. (authors)

Modeling imbalanced economic recovery following a natural disaster using input-output analysis.

Science.gov (United States)

Li, Jun; Crawford-Brown, Douglas; Syddall, Mark; Guan, Dabo

2013-10-01

Input-output analysis is frequently used in studies of large-scale weather-related (e.g., Hurricanes and flooding) disruption of a regional economy. The economy after a sudden catastrophe shows a multitude of imbalances with respect to demand and production and may take months or years to recover. However, there is no consensus about how the economy recovers. This article presents a theoretical route map for imbalanced economic recovery called dynamic inequalities. Subsequently, it is applied to a hypothetical postdisaster economic scenario of flooding in London around the year 2020 to assess the influence of future shocks to a regional economy and suggest adaptation measures. Economic projections are produced by a macro econometric model and used as baseline conditions. The results suggest that London's economy would recover over approximately 70 months by applying a proportional rationing scheme under the assumption of initial 50% labor loss (with full recovery in six months), 40% initial loss to service sectors, and 10-30% initial loss to other sectors. The results also suggest that imbalance will be the norm during the postdisaster period of economic recovery even though balance may occur temporarily. Model sensitivity analysis suggests that a proportional rationing scheme may be an effective strategy to apply during postdisaster economic reconstruction, and that policies in transportation recovery and in health care are essential for effective postdisaster economic recovery. © 2013 Society for Risk Analysis.

Utilization of macro encapsulated phase change materials for the development of thermal energy storage and structural lightweight aggregate concrete

International Nuclear Information System (INIS)

Memon, Shazim Ali; Cui, H.Z.; Zhang, Hang; Xing, Feng

2015-01-01

Highlights: • Compressive strength of LWAC with Paraffin–LWA was higher than 15 MPa. • Shrinkage strain with Paraffin–LWA reduced by 41.8%. • For outdoor testing, temperature at room center with Paraffin–LWA reduced by 2.9 °C. • Recovery period with Paraffin–LWA was less than average life span of building. • A reduction of 465 kg CO 2 -eq/year or 12.91 kg CO 2 -eq/year/m 2 was achieved. - Abstract: Structural–functional integrated materials are one of directions of rapid development for saving-energy materials. Phase Change Materials (PCMs) are latent thermal storage materials possessing a large amount of heat energy stored during its phase change stage. Porous lightweight aggregate (LWA) can serve as the carrier for PCM. In this research, a structural concrete with function of indoor temperature control were prepared by using macro encapsulated PCM–LWA. The indoor and outdoor tests were performed to determine the thermal performance of the lightweight aggregate concrete (LWAC) containing macro encapsulated Paraffin–LWA. The compressive strength and shrinkage strain of LWAC with macro encapsulated PCM–LWA were evaluated. Finally, the economic and environmental aspects of application of macro encapsulated Paraffin–LWA in a typical floor area of public housing rental flat in Hong Kong were assessed. From indoor thermal performance test, it was found that LWAC incorporated with macro encapsulated Paraffin–LWA has a function of reducing the energy consumption by decreasing the indoor temperature; flatten the fluctuation of indoor temperature and shifting the loads away from the peak periods. Moreover, from outdoor thermal performance test, it was found that the performance of macro encapsulated Paraffin–LWA in adjusting the room temperature was optimized when there was a remarkable temperature difference between the day and night. Test results showed that the compressive strengths of LWAC incorporating macro encapsulated Paraffin�

ZEUS - standardized macros for the TPA computer

International Nuclear Information System (INIS)

Winde, M.

1976-01-01

An existing cross-assembler with macro-option was modified to allow the usage of the ZEUS macros. The ZEUS macros are understood by the assembler without prior definition by the user. ZEUS macros allow the programmer, who is obliged to code his TPA (PDP-8) programs on the assembler level to formulate his program logic as in a higher level language. ZEUS macros offer all basic elements necessary for structured programming. (author)

Macro-Fiber Composite Based Transduction

Science.gov (United States)

2016-03-01

substrate Material properties of single crystal macro fiber composite actuators for active twist rotor blades Park, Jae-Sang (Seoul National...Passive Smart Structures and Integrated Systems 2007 Material properties of single crystal macro fiber composite actuators for active twist rotor ...19b. TELEPHONE NUMBER (Include area code) 10-03-20 16 Final Report 01 Jan 2013 - 31 Dec 2015 Macro-Fiber Composite Based Transduction N000-14-13-1-0212

Regional Employment Growth, Shocks and Regional Industrial Resilience

DEFF Research Database (Denmark)

Holm, J.R.; Østergaard, Christian Richter

2015-01-01

The resilience of regional industries to economic shocks has gained a lot of attention in evolutionary economic geography recently. This paper uses a novel quantitative approach to investigate the regional industrial resilience of the Danish information and communication technology (ICT) sector...... to the shock following the burst of the dot.com bubble. It is shown that regions characterized by small and young ICT service companies were more adaptable and grew more than others, while diversity and urbanization increased the sensitivity to the business cycle after the shock. Different types of resilient...... regions are found: adaptively resilient, rigidly resilient, entrepreneurially resilient and non-resilient regions....

Unit roots, nonlinearities and structural breaks

DEFF Research Database (Denmark)

Haldrup, Niels; Kruse, Robinson; Teräsvirta, Timo

One of the most influential research fields in econometrics over the past decades concerns unit root testing in economic time series. In macro-economics much of the interest in the area originate from the fact that when unit roots are present, then shocks to the time series processes have...

Collisionless shocks in space plasmas structure and accelerated particles

CERN Document Server

Burgess, David

2015-01-01

Shock waves are an important feature of solar system plasmas, from the solar corona out to the edge of the heliosphere. This engaging introduction to collisionless shocks in space plasmas presents a comprehensive review of the physics governing different types of shocks and processes of particle acceleration, from fundamental principles to current research. Motivated by observations of planetary bow shocks, interplanetary shocks and the solar wind termination shock, it emphasises the physical theory underlying these shock waves. Readers will develop an understanding of the complex interplay between particle dynamics and the electric and magnetic fields that explains the observations of in situ spacecraft. Written by renowned experts in the field, this up-to-date text is the ideal companion for both graduate students new to heliospheric physics and researchers in astrophysics who wish to apply the lessons of solar system shocks to different astrophysical environments.

The linkage between oil price shocks and economic growth with inflation in the presence of technological advances: a CGE model

International Nuclear Information System (INIS)

Doroodian, K.; Boyd, Roy

2003-01-01

This study examines whether oil price shocks are inflationary in the US. We increase the price of oil in the year 2000 in a manner consistent with the oil price shock of 1973-74 and let the economy experience a Hicksian technological change. Then using a dynamic computable general equilibrium (CGE) model, we conduct our analyses under two separate cases: (1) regular economic growth, and (2) low economic growth. We also run three technological scenarios: (1) no technology change, (2) technological advances in the manufacturing and refining sectors, and (3) technological advances in the manufacturing, refining, chemical, and service sectors. The effects of these changes are analyzed over the next 20 years until the year 2020. Our results suggest that while a shock of the magnitude experienced in the 1970s will have a fairly severe effect on such things as gasoline and refinery prices, the aggregate price changes will be largely dissipated over time at the aggregate level. Furthermore, the aggregate level of prices (CPI and PPI) will fall over time as the level of technological advances rise under both growth scenarios. There are several reasons why we would obtain such results. First of all, the structure of the US economy has changed remarkably since the early 1970s. Rather than being a manufacturing based economy, the US is largely a service based economy today and hence it is more protected form raw materials shortages. Second, the economy has had a steady history of strong growth and the faster an economy grows the quicker disruptions to that economy are dissipated. Finally, our economy is experiencing rapid technological advances in information systems which have served to reduce costs and maintain output in a wide number of economic sectors

The linkage between oil price shocks and economic growth with inflation in the presence of technological advances: a CGE model

International Nuclear Information System (INIS)

Doroodian, K.; Boyd, R.

2003-01-01

This study examines whether oil price shocks are inflationary in the US. We increase the price of oil in the year 2000 in a manner consistent with the oil price shock of 1973-74 and let the economy experience a Hicksian technological change. Then using a dynamic computable general equilibrium (CGE) model, we conduct our analyses under two separate cases: (1) regular economic growth, and (2) low economic growth. We also run three technological scenarios: (1) no technology change, (2) technological advances in the manufacturing and refining sectors, and (3) technological advances in the manufacturing, refining, chemical, and service sectors. The effects of these changes are analyzed over the next 20 years until the year 2020. Our results suggest that while a shock of the magnitude experienced in the 1970s will have a fairly severe effect on such things as gasoline and refinery prices, the aggregate price changes will be largely dissipated over time at the aggregate level. Furthermore, the aggregate level of prices (CPI and PPI) will fall over time as the level of technological advances rise under both growth scenarios. There are several reasons why we would obtain such results. First of all, the structure of the US economy has changed remarkably since the early 1970s. Rather than being a manufacturing based economy, the US is largely a service based economy today and hence it is more protected from raw materials shortages. Second, the economy has had a steady history of strong growth and the faster an economy grows the quicker disruptions to that economy are dissipated. Finally, our economy is experiencing rapid technological advances in information systems which have served to reduce costs and maintain output in a wide number of economic sectors.(author)

Life shocks and homelessness.

Science.gov (United States)

Curtis, Marah A; Corman, Hope; Noonan, Kelly; Reichman, Nancy E

2013-12-01

We exploited an exogenous health shock-namely, the birth of a child with a severe health condition-to investigate the effect of a life shock on homelessness in large cities in the United States as well as the interactive effects of the shock with housing market characteristics. We considered a traditional measure of homelessness, two measures of housing instability thought to be precursors to homelessness, and a combined measure that approximates the broadened conceptualization of homelessness under the 2009 Homeless Emergency Assistance and Rapid Transition to Housing Act (2010). We found that the shock substantially increases the likelihood of family homelessness, particularly in cities with high housing costs. The findings are consistent with the economic theory of homelessness, which posits that homelessness results from a conjunction of adverse circumstances in which housing markets and individual characteristics collide.

Shock Tube Measurements for Liquid Fuels Combustion

National Research Council Canada - National Science Library

Hanson, Ronald K

2006-01-01

...) fundamental studies of fuel spray evaporation rates and ignition times of low-vapor pressure fuels such as JP-8, diesel fuel and normal alkane surrogates in a new aerosol shock tube using state...

Transonic Shock-Wave/Boundary-Layer Interactions on an Oscillating Airfoil

Science.gov (United States)

Davis, Sanford S.; Malcolm, Gerald N.

1980-01-01

Unsteady aerodynamic loads were measured on an oscillating NACA 64A010 airfoil In the NASA Ames 11 by 11 ft Transonic Wind Tunnel. Data are presented to show the effect of the unsteady shock-wave/boundary-layer interaction on the fundamental frequency lift, moment, and pressure distributions. The data show that weak shock waves induce an unsteady pressure distribution that can be predicted quite well, while stronger shock waves cause complex frequency-dependent distributions due to flow separation. An experimental test of the principles of linearity and superposition showed that they hold for weak shock waves while flows with stronger shock waves cannot be superimposed.

Why Macro Practice Matters

Science.gov (United States)

Reisch, Michael

2016-01-01

This article asserts that macro practice is increasingly important in today's rapidly changing and complex practice environment. It briefly explores the history of macro practice in U.S. social work, summarizes its major contributions to the profession and to U.S. society, and provides some suggestions for how social work programs can expand…

Spreadsheet macros for coloring sequence alignments.

Science.gov (United States)

Haygood, M G

1993-12-01

This article describes a set of Microsoft Excel macros designed to color amino acid and nucleotide sequence alignments for review and preparation of visual aids. The colored alignments can then be modified to emphasize features of interest. Procedures for importing and coloring sequences are described. The macro file adds a new menu to the menu bar containing sequence-related commands to enable users unfamiliar with Excel to use the macros more readily. The macros were designed for use with Macintosh computers but will also run with the DOS version of Excel.

Food and Health Safety: a Macro-policy Approach in the EU

Directory of Open Access Journals (Sweden)

Francesco Losurdo

2012-08-01

Full Text Available Food safety could be considered as a representative case of „market failure”. This would justify State regulatory intervention. Unfortunately, the lack of an organically policy framework is causing large loopholes specially in the quality control system which normally developed on the whole production process of value, including supply chain. The Common Agriculture Policy for 2014-2020 looks to be once again based on a partial and micro-economic approach while the growing interdependences between agriculture, industry and services are suggesting a different „macro-policy” method in theoretical, technical and political settings. An industrial macro-policy is more „holistic” than micro and sectoral one able to intervene on market in order to contribute to a stronger governance and control system of food safety and consumers choices.

Applications of the fundamental solution for a thermal shock on a finite orthotropic cylindrical thin shell

International Nuclear Information System (INIS)

Woo, H.K.; Huang, C.L.D.

1979-01-01

The authors investigate the temperature variations in a thin cylindrical shell of graphite materials with finite length, subjected to an instantaneous thermal shock. The solutions for the line source and the area source of thermal shock are obtained. Quasi-linear theory for heat transfer is assumed. Grades ATJ and ZTA graphite are used in the numerical examples. As is expected, the orthotropically thermal properties significantly affect the temperature variations in the shell due to the thermal shocks. (Auth.)

Coping with the Collapse: A Stock-Flow Consistent Monetary Macro-dynamics of Global Warming

International Nuclear Information System (INIS)

Giraud, Gael; Mc Isaac, Florent; Bovari, Emmanuel; Zatsepina, Ekaterina

2016-08-01

This paper presents a macro-economic model of endogenous growth that enables to take into consideration both the economic impact of climate change and the pivotal role of private debt. Using a Goodwin-Keen approach, based on the Lotka-Volterra logic, we couple its nonlinear dynamics of underemployment and income distribution with abatement costs. Moreover, various damage functions a la Nordhaus and Dietz-Stern reflect the loss in final production due to the temperature increase caused by the rising levels of CO_2 emissions. An empirical estimation of the model at the world-scale enables us to simulate plausible trajectories for the planetary business-as-usual scenario. Our main finding is that, even though the short-run impact of climate change on economic fundamentals may seem prima facie rather minor, its long-run dynamic consequences may lead to an extreme downside. Under plausible circumstances, global warming forces the private sector to leverage in order to compensate for output losses; the private debt overhang may eventually induce a global financial collapse, even before climate change could cause serious damage to the production sector. Under more severe conditions, the interplay between global warming and debt may lead to a secular stagnation followed by a collapse in the second half of this century. We analyze the extent to which slower demographic growth or higher carbon pricing allow a global breakdown to be avoided. The paper concludes by examining the conditions under which the +1.5 C target, adopted by the Paris Agreement (2015), could be reached. (authors)

Joint Macro and Femto Field Performance and Interference Measurements

DEFF Research Database (Denmark)

Jørgensen, Niels T.K.; Isotalo, Tero; Pedersen, Klaus

2012-01-01

In this paper macro performance in a co-channel macro and femto setup is studied. Measurements are performed in a live Universal Mobile Telecommunication System (UMTS) network. It is concluded that femto interference does not affect macro downlink (DL) performance as long as the macro Received Si...... radius smaller than 5 meter – with realistic power settings. This makes co-channel femto deployment less promising in dense macro environments with good macro RSCP coverage.......In this paper macro performance in a co-channel macro and femto setup is studied. Measurements are performed in a live Universal Mobile Telecommunication System (UMTS) network. It is concluded that femto interference does not affect macro downlink (DL) performance as long as the macro Received...... Signal Code Power (RSCP) is stronger than femto RSCP. We also conclude that a macro escape carrier is a robust DL interference management solution. In uplink (UL) direction it is shown that a single femto UE close to macro cell potentially can cause a noise rise of 6 dB in the surrounding macro cell...

Presentation of the Three-ME model: Multi-sector macro-economic Model for the Evaluation of Environmental and Energy policy

International Nuclear Information System (INIS)

Reynes, Frederic; Yeddir-Tamsamani, Yasser; Callonnec, Gael

2011-05-01

This paper presents the structure and the main properties of Three-ME. This new model of the French economy has been especially designed to evaluate the medium and long term impact of environmental and energy policies at the macro-economic and sector levels. To do so Three-ME combines two important features. Firstly, it has the main characteristics of neo-Keynesian models by assuming a slow adjustment of effective quantities and prices to their notional level. Compared to standard multi-sectors CGEM, this has the advantage to allow for the existence of under-optimum equilibriums such as the presence of involuntary unemployment. Secondly, production and consumption structures are represented with a generalized CES function which allows for the elasticity of substitution to differ between each couple of inputs or goods. This is an improvement compared to the standard approach that uses nested CES functions which has the disadvantage to impose a common elasticity of substitution between the goods located in two different nested structures. (authors)

Enhanced MicroChannel Heat Transfer in Macro-Geometry using Conventional Fabrication Approach

Science.gov (United States)

Ooi, KT; Goh, AL

2016-09-01

This paper presents studies on passive, single-phase, enhanced microchannel heat transfer in conventionally sized geometry. The intention is to allow economical, simple and readily available conventional fabrication techniques to be used for fabricating macro-scale heat exchangers with microchannel heat transfer capability. A concentric annular gap between a 20 mm diameter channel and an 19.4 mm diameter insert forms a microchannel where heat transfer occurs. Results show that the heat transfer coefficient of more than 50 kW/m·K can be obtained for Re≈4,000, at hydraulic diameter of 0.6 mm. The pressure drop values of the system are kept below 3.3 bars. The present study re-confirms the feasibility of fabricating macro-heat exchangers with microchannel heat transfer capability.

THE ECONOMIC AND SOCIAL COORDINATES OF DEVELOPING A SPORT ENTREPRENEURSHIP INDEX – CURRENT CHALLENGES AND PREREQUISITES

Directory of Open Access Journals (Sweden)

MUNTEANU SEBASTIAN MADALIN

2015-07-01

Full Text Available Focussing on the consideration of the multivariate relationship between sport and economics, the present study is based on the sport potential of supporting economic growth through the enhancement of the relatively new domain of “sport entrepreneurship”. The brief revision of the specialized literature regarding the development of sport entrepreneurship in general terms is followed by a series of fundamental factors for the innovative proposal of a sport entrepreneurship index (SEI in the European Union member countries. The methodological issues concerning the structure of the index represent the main novelty aspect of this research, which aims to be a prerequisite of a future thorough analysis regarding the micro- and macro-economic implications of developing a sport entrepreneurship index (SEI in EU countries. The main identified challenge is a scientific one and it resides in the summative assessment of the elements representing entrepreneurship, sport and culture in the SEI, whereas the necessity of determining such an index appears because of economic and social reasons.

Fundamentals of space business and economics

CERN Document Server

Gurtuna, Ozgur

2013-01-01

This book provides an overview of key topics related to space business and management. Case studies and an integrative section are included to illustrate the fundamental concepts and to build intuition. Key topics in the field, such as risk management and cost management, are covered in detail.

Nonlinear theory of diffusive acceleration of particles by shock waves

Energy Technology Data Exchange (ETDEWEB)

Malkov, M.A. [University of California at San Diego, La Jolla, CA (United States)]. E-mail: mmalkov@ucsd.edu; Drury, L. O' C. [Dublin Institute for Advanced Studies, 5 Merrion Square, Dublin 2 (Ireland)

2001-04-01

Among the various acceleration mechanisms which have been suggested as responsible for the nonthermal particle spectra and associated radiation observed in many astrophysical and space physics environments, diffusive shock acceleration appears to be the most successful. We review the current theoretical understanding of this process, from the basic ideas of how a shock energizes a few reactionless particles to the advanced nonlinear approaches treating the shock and accelerated particles as a symbiotic self-organizing system. By means of direct solution of the nonlinear problem we set the limit to the test-particle approximation and demonstrate the fundamental role of nonlinearity in shocks of astrophysical size and lifetime. We study the bifurcation of this system, proceeding from the hydrodynamic to kinetic description under a realistic condition of Bohm diffusivity. We emphasize the importance of collective plasma phenomena for the global flow structure and acceleration efficiency by considering the injection process, an initial stage of acceleration and, the related aspects of the physics of collisionless shocks. We calculate the injection rate for different shock parameters and different species. This, together with differential acceleration resulting from nonlinear large-scale modification, determines the chemical composition of accelerated particles. The review concentrates on theoretical and analytical aspects but our strategic goal is to link the fundamental theoretical ideas with the rapidly growing wealth of observational data. (author)

[Outlier cases in surgical disciplines. Micro-economic and macro-economic problems].

Science.gov (United States)

Tecklenburg, A; Liebeneiner, J; Schaefer, O

2009-09-01

Postoperative complications will always occur and the negative impact puts strain on patients, relatives and the attending physicians. The conversion to a remuneration system based on flat rates (diagnosis-related groups) presents additional economic problems for hospitals in some resource-intensive treatments. This particularly pertains to extremely cost-intensive cases in which costs succeed revenue by the factor of 2 and are often surgical procedures. Here the economic risk increases with the number of interventions performed. Despite improvements in the remuneration system this problem persists. An improved payment for these treatments is desirable. To achieve this it is necessary to systematically analyze the extremely cost-intensive cases by experts of different medical disciplines to create a data basis for a proposal of a cost-covering payment.

Energetic vulnerabilities and macro-economic consequences in Indonesia

International Nuclear Information System (INIS)

Bocquet, Rodolphe; Plus, Edouard; Rech, Olivier; Dali, Slim

2015-11-01

As energy has been, since 1966, at the heart of the Indonesian economic policy, as this country possesses huge quantities of fossil resources and also a significant potential in renewable energies, and as the positive energy trade balance has been, until recently, a major contribution to financial needs of this country, the authors examine various issues raised by the exploitation of this energy wealth. Through a detailed analysis of economic and energy related data, they studied to which extent the depletion of these natural assets gives birth to other national assets, productive, financial and human capital which could be a lever in the Indonesian economic development. They analysed trends of evolution of the energy mix, and how they are translated into competitiveness of productive sectors, purchasing power for households, and balance of public accounts. They examined how geographic (archipelago), ethnic (separatist provinces) and sociological (revenue distribution) peculiarities are determining factors for the national energy policy and for the associated political stakes

The Effects of Oil Price Shocks on Turkish Business Cycle: A Markov Switching Approach

Directory of Open Access Journals (Sweden)

Vasif Abiyev

2015-10-01

Full Text Available Purpose - The purpose of this study is to investigate the relationship between oil price changes and the output growth in Turkey. Design/methodology/approach - The data were taken from International Financial Statistics databases, consisting of monthly data for the period 1986:01-2014:09. Different univariate Markov - switching regime autoregressive models are specified and estimated. Among them we selected univariate MSIH(3 - AR(2 model for output and extended it to verify if the inclusion of various asymmetric oil price shocks as an exogenous variable improves the ability of the Markov switching model. Four different oil price shocks are considered. Findings - We find that among various oil price shocks, only net oil price increases have negative effects on output growth and mitigate the magnitude of some recessionary periods in Turkey. However, it doesn’t strongly explain the behavior of business cycle in Turkey. Research limitations/implications - Our results suggest that the inclusion of other fundamental financial factors in the bivariate Markov switching model of aggregate economic activity and oil price changes becomes important to explicitly detect the negative impact of oil price shocks on output in Turkey. Originality/value - Our results support the existence of a negative relationship between oil price increases and output growth mentioned in the literature and empirical studies on Turkey.

Household and community income, economic shocks and risky sexual behavior of young adults: evidence from the Cape Area Panel Study 2002 and 2005.

Science.gov (United States)

Dinkelman, Taryn; Lam, David; Leibbrandt, Murray

2007-11-01

To describe recent trends in adolescent sexual behavior in Cape Town, South Africa, and to determine whether household and community poverty and negative economic shocks predict risky sexual behavior. Matched survey data on 2993 African and coloured youth from the Cape Area Panel Study 2002 and 2005. Sexual debut, multiple sexual partners in past year, condom use at last sex, measured in 2002 and 2005. We tested for changes over time in reported sexual behavior and estimate multivariate probit models to measure the association between 2002 individual, household and community characteristics and 2005 sexual behavior. There was a statistically significant increase in condom use and a decrease in the incidence of multiple sexual partners between 2002 and 2005 for young women aged 17-22 years. Young women in households with 10% higher income were 0.53% less likely to debut sexually by 2005; young men in communities with a 10% higher poverty rate were 5% less likely to report condom use at last sex. Negative economic shocks are associated with a 0.04% increase in the probability of multiple partnerships for young women. Education is positively correlated with sexual debut for young women and with multiple partnerships for both sexes. Trends in sexual behavior between 2002 and 2005 indicate significant shifts towards safer practices. There is little evidence of a relationship between negative economic shocks, household and community poverty, and risky behavior. We hypothesize that the unexpected positive relationship between education and sexual debut may be driven by peer effects in schools with substantial age mixing.

Implementation and adaptation of a macro-scale methodology to calculate direct economic losses

Science.gov (United States)

Natho, Stephanie; Thieken, Annegret

2017-04-01

forestry sector. Furthermore overheads are proposed to include costs of housing content as well as the overall costs of public infrastructure, one of the most important damage sectors. All constants considering sector specific mean sizes or construction costs were adapted. Loss ratios were adapted for each event. Whereas the original UNISDR method over- und underestimates the losses of the tested events, the adapted method is able to calculate losses in good accordance for river floods, hail storms and storms. For example, for the 2013-flood economic losses of EUR 6.3 billion were calculated (UNISDR EUR 0.85 billion, documentation EUR 11 billion). For the hail storms in 2013 the calculated EUR 3.6 billion overestimate the documented losses of EUR 2.7 billion less than the original UNISDR approach with EUR 5.2 billion. Only for flash floods, where public infrastructure can account for more than 90% of total losses, the method is absolutely not applicable. The adapted methodology serves as a good starting point for macro-scale loss estimations by accounting for the most important damage sectors. By implementing this approach into damage and event documentation and reporting standards, a consistent monitoring according to the SFDRR could be achieved.

Recursive macro generator for the TAS-86 language. First part: the macro generator language. Second part: system internal logics

International Nuclear Information System (INIS)

Zraick, Samir

1970-01-01

A macro-generator is a translator which is able to interpret and translate a programme written in a macro-language. After a first part presenting the main notions and proposing a brief description of the TAS-86 language, the second part of this research thesis reports the development of the macro-generator language, and notably presents the additional functionalities provided by the macro generator. The development is illustrated by logical flowcharts and programming listings

Underwater Shock Wave Research Applied to Therapeutic Device Developments

Science.gov (United States)

Takayama, K.; Yamamoto, H.; Shimokawa, H.

2013-07-01

The chronological development of underwater shock wave research performed at the Shock Wave Research Center of the Institute of Fluid Science at the Tohoku University is presented. Firstly, the generation of planar underwater shock waves in shock tubes and their visualization by using the conventional shadowgraph and schlieren methods are described. Secondly, the generation of spherical underwater shock waves by exploding lead azide pellets weighing from several tens of micrograms to 100 mg, that were ignited by irradiating with a Q-switched laser beam, and their visualization by using double exposure holographic interferometry are presented. The initiation, propagation, reflection, focusing of underwater shock waves, and their interaction with various interfaces, in particular, with air bubbles, are visualized quantitatively. Based on such a fundamental underwater shock wave research, collaboration with the School of Medicine at the Tohoku University was started for developing a shock wave assisted therapeutic device, which was named an extracorporeal shock wave lithotripter (ESWL). Miniature shock waves created by irradiation with Q-switched HO:YAG laser beams are studied, as applied to damaged dysfunctional nerve cells in the myocardium in a precisely controlled manner, and are effectively used to design a catheter for treating arrhythmia.

Analysis of microstructure-dependent shock dissipation and hot-spot formation in granular metalized explosive

Science.gov (United States)

Chakravarthy, Sunada; Gonthier, Keith A.

2016-07-01

Variations in the microstructure of granular explosives (i.e., particle packing density, size, shape, and composition) can affect their shock sensitivity by altering thermomechanical fields at the particle-scale during pore collapse within shocks. If the deformation rate is fast, hot-spots can form, ignite, and interact, resulting in burn at the macro-scale. In this study, a two-dimensional finite and discrete element technique is used to simulate and examine shock-induced dissipation and hot-spot formation within low density explosives (68%-84% theoretical maximum density (TMD)) consisting of large ensembles of HMX (C4H8N8O8) and aluminum (Al) particles (size ˜ 60 -360 μm). Emphasis is placed on identifying how the inclusion of Al influences effective shock dissipation and hot-spot fields relative to equivalent ensembles of neat/pure HMX for shocks that are sufficiently strong to eliminate porosity. Spatially distributed hot-spot fields are characterized by their number density and area fraction enabling their dynamics to be described in terms of nucleation, growth, and agglomeration-dominated phases with increasing shock strength. For fixed shock particle speed, predictions indicate that decreasing packing density enhances shock dissipation and hot-spot formation, and that the inclusion of Al increases dissipation relative to neat HMX by pressure enhanced compaction resulting in fewer but larger HMX hot-spots. Ensembles having bimodal particle sizes are shown to significantly affect hot-spot dynamics by altering the spatial distribution of hot-spots behind shocks.

Coping with the Complexity of Economics

CERN Document Server

Faggini, Marisa

2009-01-01

The purpose of the science of complexity is to provide, if not a unified approach, at least useful tools to tackling complex problems in various scientific domains. Generally, complexity is considered a fundamental challenge to the reductionist approach in science as a whole and to its ideas of certainty and randomness. The overall behaviour of a complex system is different from and more than the sum of its parts. The behaviour of non-linear complex systems depends on the interaction (often with retroactive effects) among its constituent parts and not so much (or not only) on the characteristics of these parts themselves; the sum of the behaviour of single parts does not necessarily provide us with an explanation of the aggregate behaviour of a system. All this is true for economic systems. These are based on the activities of single economic agents. Each individual can obtain only partial knowledge that is focussed around its "world" (local information) and react to external shocks in different ways (local r...

Financial fluctuations anchored to economic fundamentals: A mesoscopic network approach.

Science.gov (United States)

Sharma, Kiran; Gopalakrishnan, Balagopal; Chakrabarti, Anindya S; Chakraborti, Anirban

2017-08-14

We demonstrate the existence of an empirical linkage between nominal financial networks and the underlying economic fundamentals, across countries. We construct the nominal return correlation networks from daily data to encapsulate sector-level dynamics and infer the relative importance of the sectors in the nominal network through measures of centrality and clustering algorithms. Eigenvector centrality robustly identifies the backbone of the minimum spanning tree defined on the return networks as well as the primary cluster in the multidimensional scaling map. We show that the sectors that are relatively large in size, defined with three metrics, viz., market capitalization, revenue and number of employees, constitute the core of the return networks, whereas the periphery is mostly populated by relatively smaller sectors. Therefore, sector-level nominal return dynamics are anchored to the real size effect, which ultimately shapes the optimal portfolios for risk management. Our results are reasonably robust across 27 countries of varying degrees of prosperity and across periods of market turbulence (2008-09) as well as periods of relative calmness (2012-13 and 2015-16).

Macro-environmental factors associated with leisure-time physical activity: a cross-national analysis of EU countries.

Science.gov (United States)

Van Tuyckom, Charlotte

2011-06-01

Although there is a growing agreement among researchers that the modern environment contributes to the current trend of decreasing leisure-time physical activity (LTPA), there are very few studies addressing environmental and policy correlates of LTPA within a cross-national European context. This study describes LTPA patterns across the European Union and identifies some macro-environmental factors associated with LTPA rates at a national level. Data on LTPA and indicators of the economic, physical, and policy environment were assembled from international databases for the 27 European member states. To examine the association of each of the independent macro-environmental variables and LTPA as a continuous dependent variable, bivariate linear regression models were employed. Separate analyses were done for the overall, male, and female groups. With respect to LTPA, striking differences between European member states and genders were found, with higher rates in Western and Northern European countries, and among males. Statistical significant associations were observed between overall LTPA and variables from the economic (GDP, real GDP, and public expenditures on health), food (available fat, available fruit, and vegetables), urbanisation (urban population, total and new passenger cars), and policy (all governance indicators) domains. Associations for male and female LTPA were similar, except that for males available fruit and vegetables, and for females available fat and urban population were not significant. This exploratory study seeks to plead for the need for cross-nationally comparable LTPA data and more sophisticated research in order to understand the role of macro-economic environments, with a special focus on policy-related variables and gender-specific differences.

Disequilibrium analysis of three macroeconomies after two OPEC shocks: US, Germany, and Japan

Energy Technology Data Exchange (ETDEWEB)

Lin, G.Y.

1983-01-01

Economic performance in each economy is discussed and an appraisal of policy choices is given. Two OPEC shocks, (1973-1974) and (1979-1980), are specially brought out because of their uniqueness in economic history and also their dominant feature as supply-side shocks which are ignored in the conventional Keynesian economics. The model considers both aggregate demand and aggregate supply in an economy, and provides a framework to describe economic phenomena after OPEC shocks. The model consists of two dynamic adjustments, quantity adjustments and price adjustments. It is assumed that quantity adjustments are observed more frequently than price adjustments in the short run. However, prices are not perfectly rigid but less frequently adjusted. Under this framework, the phenomenon of classical unemployment can be distinguished from Keynesian unemployment for the purpose of discussion. The results showed that all these three economies were in the classical unemployment regime during the first oil shock and, during the second oil shock, Germany and Japan were in the classical unemployment regime while US was in the Keynesian unemployment regime. However, both Germany and Japan performed comparatively better than the US during the second oil shock in terms of real growth of GNP and inflation rates. It demonstrated that Germany and Japan were aware of the feature of supply shocks and paid attention to both demand and supply, especially to promote supply by reducing the dependence on oil and by increasing the flexibility of money wage rates.

Study on coal mine macro, meso and micro safety management system

Directory of Open Access Journals (Sweden)

Longkang Wang

2016-03-01

Full Text Available In recent years, the coal mine safety production situation in our country improved year by year, but severe accidents still occurred; the accidents caused great economic loss to the national economy. According to statistical analysis, almost all of the coal mine accidents will expose the hidden danger in before, most of the accidents caused due to safety management not reaching the designated position and the hidden danger management does not take any decision in time. Based on the coal mine safety management holes in our country, the coal mine macro, meso and micro safety management system was established in this paper, which includes meaning and conception of the theories of the macro, meso and micro safety management, and also includes the matching hardware equipment, in order to achieve the hidden danger's closed-loop control and dynamic early warning in the process of coal mine production.

Sign restriction approach to macro stress-testing of the Croatian banking system

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Nataša Erjavec

2012-12-01

Full Text Available The paper employs Uhlig’s sign restriction approach to stress-testing of the Croatian banking system. The analysis is based on a standard monetary VAR comprising real economic activity, inflation and short-term interest rates augmented by the ratio of non-performing loans or return on average equity, both measures representing the aggregate banking sector. In spite of the selected indicator, the results suggest a strong sensitivity of the Croatian banking sector to macroeconomic shocks. The effects are the strongest for contractionary monetary policy shocks, followed by negative demand shocks while the effects of supply shocks turned out to be statistically insignificant. Since Croatia is a small open economy with banking the dominant financial sector, the results obtained could be interesting for policy makers in Croatia and other transition economies with similar characteristics.

Capital Flight and Economic Performance

OpenAIRE

Beja, Edsel Jr.

2007-01-01

Capital flight aggravates resource constraints and contributes to undermine long-term economic growth. Counterfactual calculations on the Philippines suggest that capital flight contributed to lower the quality of long-term economic growth. Sustained capital flight over three decades means that capital flight had a role for the Philippines to lose the opportunities to achieve economic takeoff. Unless decisive policy actions are taken up to address enduring capital flight and manage the macroe...

Effect of laser shock on tensile deformation behavior of a single crystal nickel-base superalloy

International Nuclear Information System (INIS)

Lu, G.X.; Liu, J.D.; Qiao, H.C.; Zhou, Y.Z.; Jin, T.; Zhao, J.B.; Sun, X.F.; Hu, Z.Q.

2017-01-01

This investigation focused on the tensile deformation behavior of a single crystal nickel-base superalloy, both in virgin condition and after laser shock processing (LSP) with varied technology parameters. Nanoindention tests were carried out on the sectioned specimens after LSP treatment to characterize the surface strengthening effect. Stress strain curves of tensile specimens were analyzed, and microstructural observations of the fracture surface and the longitudinal cross-sections of ruptured specimens were performed via scanning electron microscope (SEM), in an effort to clarify the fracture mechanisms. The results show that a surface hardening layer with the thickness of about 0.3–0.6 mm was gained by the experimental alloys after LSP treatment, but the formation of surface hardening layer had not affected the yield strength. Furthermore, fundamental differences in the plastic responses at different temperatures due to LSP treatment had been discovered. At 700 °C, the slip deformation was held back when it extended to the surface hardening layer and the ensuing slip steps improved the plasticity; however, at 1000 °C, surface hardening layer hindered the macro necking, which resulted in the relatively lower plasticity.

Effect of laser shock on tensile deformation behavior of a single crystal nickel-base superalloy

Energy Technology Data Exchange (ETDEWEB)

Lu, G.X. [Institute of Metal Research, Chinese Academy of Sciences, 72 Wenhua Road, Shenyang 110016 (China); University of Chinese Academy of Sciences, 19 Yuquan Road, Beijing 100049 (China); Liu, J.D., E-mail: jdliu@imr.ac.cn [Institute of Metal Research, Chinese Academy of Sciences, 72 Wenhua Road, Shenyang 110016 (China); Qiao, H.C. [Shenyang Institute of Automation, Chinese Academy of Sciences, 114 Nanta Road, Shenyang 110016 (China); Zhou, Y.Z. [Institute of Metal Research, Chinese Academy of Sciences, 72 Wenhua Road, Shenyang 110016 (China); Jin, T., E-mail: tjin@imr.ac.cn [Institute of Metal Research, Chinese Academy of Sciences, 72 Wenhua Road, Shenyang 110016 (China); Zhao, J.B. [Shenyang Institute of Automation, Chinese Academy of Sciences, 114 Nanta Road, Shenyang 110016 (China); Sun, X.F.; Hu, Z.Q. [Institute of Metal Research, Chinese Academy of Sciences, 72 Wenhua Road, Shenyang 110016 (China)

2017-02-16

This investigation focused on the tensile deformation behavior of a single crystal nickel-base superalloy, both in virgin condition and after laser shock processing (LSP) with varied technology parameters. Nanoindention tests were carried out on the sectioned specimens after LSP treatment to characterize the surface strengthening effect. Stress strain curves of tensile specimens were analyzed, and microstructural observations of the fracture surface and the longitudinal cross-sections of ruptured specimens were performed via scanning electron microscope (SEM), in an effort to clarify the fracture mechanisms. The results show that a surface hardening layer with the thickness of about 0.3–0.6 mm was gained by the experimental alloys after LSP treatment, but the formation of surface hardening layer had not affected the yield strength. Furthermore, fundamental differences in the plastic responses at different temperatures due to LSP treatment had been discovered. At 700 °C, the slip deformation was held back when it extended to the surface hardening layer and the ensuing slip steps improved the plasticity; however, at 1000 °C, surface hardening layer hindered the macro necking, which resulted in the relatively lower plasticity.

Life Shocks and Homelessness

Science.gov (United States)

Corman, Hope; Noonan, Kelly; Reichman, Nancy E.

2014-01-01

We exploited an exogenous health shock—namely, the birth of a child with a severe health condition—to investigate the effect of a life shock on homelessness in large cities in the United States as well as the interactive effects of the shock with housing market characteristics. We considered a traditional measure of homelessness, two measures of housing instability thought to be precursors to homelessness, and a combined measure that approximates the broadened conceptualization of homelessness under the 2009 Homeless Emergency Assistance and Rapid Transition to Housing Act (2010). We found that the shock substantially increases the likelihood of family homelessness, particularly in cities with high housing costs. The findings are consistent with the economic theory of homelessness, which posits that homelessness results from a conjunction of adverse circumstances in which housing markets and individual characteristics collide. PMID:23868747

Nonlinearity, Conservation Law and Shocks

Indian Academy of Sciences (India)

Almost all natural phenomena, and social and economic changes, .... reference moving with velocity c also by the same symbol x and ... abstract as can be seen from the publication of the book Shock Waves and Reaction Diffusion Equation.

Economic Policy Uncertainty and Long-Run Stock Market Volatility and Correlation

DEFF Research Database (Denmark)

Asgharian, Hossein; Christiansen, Charlotte; Hou, Ai Jun

We use Baker, Bloom, and Davis’s (2016) economic policy uncertainty indices in combination with the mixed data sampling (MIDAS) approach to investigate long-run stock market volatility and correlation, primarily for the US and UK. Long-run US–UK stock market correlation depends positively on US...... economic policy uncertainty shocks. The dependence is asymmetric, with only positive shocks - increasing uncertainty - being of importance. The US long-run stock market volatility depends significantly on US economic policy uncertainty shocks but not on UK shocks, while the UK long-run stock market...... volatility depends significantly on both. Allowing for US economic policy uncertainty shocks improves the out-of-sample forecasting of US–UK stock market correlation and enhances portfolio performance. Similar results apply to the long-run correlation between the US and Canada, China, and Germany....

The International Macro-Environment of an Organization

OpenAIRE

Ileana (Badulescu) Anastase; Cornel Grigorut

2016-01-01

The international macro-environment (supranational macro-environment) brings together allthe uncontrollable factors with a global impact, and it is related to the organization’s indirectrelationships on international markets. Romania’s globalization and the EU integration increasedthe importance of the macro-environment for all organizations, regardless of their degree ofinternationalization. In marketing, we must master the main agreements between countries and theregulations emanating from ...

Changes in Income at Macro Level Predict Sex Ratio at Birth in OECD Countries.

Science.gov (United States)

Kanninen, Ohto; Karhula, Aleksi

2016-01-01

The human sex ratio at birth (SRB) is approximately 107 boys for every 100 girls. SRB was rising until the World War II and has been declining slightly after the 1950s in several industrial countries. Recent studies have shown that SRB varies according to exposure to disasters and socioeconomic conditions. However, it remains unknown whether changes in SRB can be explained by observable macro-level socioeconomic variables across multiple years and countries. Here we show that changes in disposable income at the macro level positively predict SRB in OECD countries. A one standard deviation increase in the change of disposable income is associated with an increase of 1.03 male births per 1000 female births. The relationship is possibly nonlinear and driven by extreme changes. The association varies from country to country being particular strong in Estonia. This is the first evidence to show that economic and social conditions are connected to SRB across countries at the macro level. This calls for further research on the effects of societal conditions on general characteristics at birth.

Interconnecting Urban Planning with Multi-Scale Urban Quality : Review of Macro Scale Urban Redevelopment Project on Micro Scale Urban Quality in Shenzhen

NARCIS (Netherlands)

Deng, X.

2015-01-01

The Shenzhen planning system has been effective in promoting economic growth through the prodigious urbanization of land. It has given priority to the ‘macro-level’ planning goals of economic growth through physical development. Questions can be raised about the physical and social outcomes from the

Computability, complexity, and languages fundamentals of theoretical computer science

CERN Document Server

Davis, Martin D; Rheinboldt, Werner

1983-01-01

Computability, Complexity, and Languages: Fundamentals of Theoretical Computer Science provides an introduction to the various aspects of theoretical computer science. Theoretical computer science is the mathematical study of models of computation. This text is composed of five parts encompassing 17 chapters, and begins with an introduction to the use of proofs in mathematics and the development of computability theory in the context of an extremely simple abstract programming language. The succeeding parts demonstrate the performance of abstract programming language using a macro expa

INTERFERENCE OF COUNTERPROPAGATING SHOCK WAVES

Directory of Open Access Journals (Sweden)

P. V. Bulat

2015-03-01

Full Text Available The subject of study. We examined the interaction of counterpropagating shock waves. The necessity of counterpropagating shock waves studying occurs at designing of high Mach number modern internal compression air intakes, Ramjets with subsonic and supersonic combustion, in asymmetrical supersonic nozzles and in some other cases. In a sense, this problem is a generalization of the case of an oblique shock reflection from the wall or from the plane of symmetry. With the renewed vigor, the interest to this problem emerged at the end of the 90s. This was due to the start of the programs for flight study at hypersonic speeds. The first experiments performed with air intakes, which realized the interaction of counterpropagating shock waves have shown that the change in flow velocity is accompanied by abrupt alteration of shock-wave structure, the occurrence of nonstationary and oscillatory phenomena. With an increase of flow velocity these phenomena undesirable for aircraft structure became more marked. The reason is that there are two fundamentally different modes of interaction of counterpropagating shock waves: a four-wave regular and a five-wave irregular. The transition from one mode to another can be nonstationary abrupt or gradual, it can also be accompanied by hysteresis. Main results. Criteria for the transition from regular reflection of counterpropagating shock waves to irregular are described: the criterion of von Neumann and the stationary Mach configuration criterion. We described areas in which the transition from one reflection type to another is possible only in abrupt way, as well as areas of possible gradual transition. Intensity dependences of the reflected shock waves from the intensity of interacting counterpropagating shocks were given. Qualitative pictures of shock-wave structures arising from the interaction of counterpropagating shock waves were shown. Calculation results of the intensity of outgoing gas

A holistic approach for perfusion assessment in septic shock: Basic foundations and clinical applications

NARCIS (Netherlands)

Hernández Poblete, G.W.

2013-01-01

A fundamental challenge in septic shock resuscitation is to evaluate tissue perfusion. In this thesis, we review the basic foundations for the development of a comprehensive and holistic model for perfusion assessment in septic shock, and outline its application to evaluate the impact of

Design and application of a technologically explicit hybrid energy-economy policy model with micro and macro economic dynamics

Science.gov (United States)

Bataille, Christopher G. F.

2005-11-01

Are further energy efficiency gains, or more recently greenhouse gas reductions, expensive or cheap? Analysts provide conflicting advice to policy makers based on divergent modelling perspectives, a 'top-down/bottom-up debate' in which economists use equation based models that equilibrate markets by maximizing consumer welfare, and technologists use technology simulation models that minimize the financial cost of providing energy services. This thesis summarizes a long term research project to find a middle ground between these two positions that is more useful to policy makers. Starting with the individual components of a behaviourally realistic and technologically explicit simulation model (ISTUM---Inter Sectoral Technology Use Model), or "hybrid", the individual sectors of the economy are linked using a framework of micro and macro economic feedbacks. These feedbacks are taken from the economic theory that informs the computable general equilibrium (CGE) family of models. Speaking in the languages of both economists and engineers, the resulting "physical" equilibrium model of Canada (CIMS---Canadian Integrated Modeling System), equilibrates energy and end-product markets, including imports and exports, for seven regions and 15 economic sectors, including primary industry, manufacturing, transportation, commerce, residences, governmental infrastructure and the energy supply sectors. Several different policy experiments demonstrate the value-added of the model and how its results compare to top-down and bottom-up practice. In general, the results show that technical adjustments make up about half the response to simulated energy policy, and macroeconomic demand adjustments the other half. Induced technical adjustments predominate with minor policies, while the importance of macroeconomic demand adjustment increases with the strength of the policy. Results are also shown for an experiment to derive estimates of future elasticity of substitution (ESUB) and

Development of a Novel Shock Wave Catheter Ablation System

Science.gov (United States)

Yamamoto, H.; Hasebe, Yuhi; Kondo, Masateru; Fukuda, Koji; Takayama, Kazuyoshi; Shimokawa, Hiroaki

Although radio-frequency catheter ablation (RFCA) is quite effective for the treatment tachyarrhythmias, it possesses two fundamental limitations, including limited efficacy for the treatment of ventricular tachyarrhythmias of epicardial origin and the risk of thromboembolism. Consequently, new method is required, which can eradicate arrhythmia source in deep part of cardiac muscle without heating. On the other hand, for a medical application of shock waves, extracorporeal shock wave lithotripter (ESWL) has been established [1]. It was demonstrated that the underwater shock focusing is one of most efficient method to generate a controlled high pressure in a small region [2]. In order to overcome limitations of existing methods, we aimed to develop a new catheter ablation system with underwater shock waves that can treat myocardium at arbitrary depth without causing heat.

The Welfare State as Crisis Manager: Explaining the Diversity of Policy Responses to Economic Crisis

DEFF Research Database (Denmark)

Starke, Peter; Kaasch, Alexandra; van Hooren, Franca

Written during an ongoing period of global economic crisis, The Welfare State as a Crisis Manager examines the practice and potential of using social policy to cope with crises. Through an in-depth analysis of social policy reactions in the wake of international economic shocks in four different...... welfare states, over a 40-year period, the book reveals the ways in which expansion and retrenchment are shaped by domestic politics and existing welfare state institutions. Moreover, the study addresses the kind of policy change triggered by economic crisis. In contrast to conventional wisdom...... and previous scholarship, reactions tend to be characterised by incrementalism and 'crisis routines' rather than fundamental deviations from earlier policy patterns. For the first time, the study of domestic political dynamics following crisis is systematically embedded in the transnational policy debate...

Why is electricity consumption inconsistent with economic growth in China?

International Nuclear Information System (INIS)

Lin, Boqiang; Liu, Chang

2016-01-01

Studies have indicated that there exists a relatively stable and positive correlation between electricity consumption and economic growth and there should not be a large deviation between them. However, the deviation between electricity consumption and economic growth in China during the Asian Financial Crisis and Global Economic Crisis sparks intense debates. We attempt to explain the deviation from the perspective of inventory investment adjustment in the business cycle using the SVAR model in this paper. The results show that the effects of inventory investment adjustment shock and electricity consumption structure shock on the deviation are positive but tend to be negative for electricity efficiency shock. The results of historical decomposition of these shocks also show that the inventory investment adjustment shock is the main factor that influences the deviation during the Global Economic Crisis. Economic fluctuation in the short term can not change the economic development pattern and the characteristics of electricity demand. Once the economy returns to stable growth, the deviation between electricity consumption and economic growth will shrink and disappear soon. - Highlights: • We analyze the deviation between GDP and electricity consumption in business cycle. • The inventory investment adjustment mainly impacts the deviation in China. • Concentrated electricity consumption of heavy industry magnifies the deviation.

Differential Forms: A New Tool in Economics

Science.gov (United States)

Mimkes, Jürgen

Econophysics is the transfer of methods from natural to socio-economic sciences. This concept has first been applied to finance1, but it is now also used in various applications of economics and social sciences [2,3]. The present paper focuses on problems in macro economics and growth. 1. Neoclassical theory [4, 5] neglects the “ex post” property of income and growth. Income Y(K, L) is assumed to be a function of capital and labor. But functions cannot model the “ex post” character of income. 2. Neoclassical theory is based on a Cobb Douglas function [6] with variable elasticity α, which may be fitted to economic data. But an undefined elasticity α leads to a descriptive rather than a predictive economic theory. The present paper introduces a new tool - differential forms and path dependent integrals - to macro economics. This is a solution to the problems above: 1. The integral of not exact differential forms is path dependent and can only be calculated “ex post” like income and economic growth. 2. Not exact differential forms can be made exact by an integrating factor, this leads to a new, well defined, unique production function F and a predictive economic theory.

Teleconnected food supply shocks

Science.gov (United States)

Bren d'Amour, Christopher; Wenz, Leonie; Kalkuhl, Matthias; Steckel, Jan Christoph; Creutzig, Felix

2016-03-01

The 2008-2010 food crisis might have been a harbinger of fundamental climate-induced food crises with geopolitical implications. Heat-wave-induced yield losses in Russia and resulting export restrictions led to increases in market prices for wheat across the Middle East, likely contributing to the Arab Spring. With ongoing climate change, temperatures and temperature variability will rise, leading to higher uncertainty in yields for major nutritional crops. Here we investigate which countries are most vulnerable to teleconnected supply-shocks, i.e. where diets strongly rely on the import of wheat, maize, or rice, and where a large share of the population is living in poverty. We find that the Middle East is most sensitive to teleconnected supply shocks in wheat, Central America to supply shocks in maize, and Western Africa to supply shocks in rice. Weighing with poverty levels, Sub-Saharan Africa is most affected. Altogether, a simultaneous 10% reduction in exports of wheat, rice, and maize would reduce caloric intake of 55 million people living in poverty by about 5%. Export bans in major producing regions would put up to 200 million people below the poverty line at risk, 90% of which live in Sub-Saharan Africa. Our results suggest that a region-specific combination of national increases in agricultural productivity and diversification of trade partners and diets can effectively decrease future food security risks.

On Forecasting Macro-Economic Indicators with the Help of Finite-Difference Equations and Econometric Methods

Directory of Open Access Journals (Sweden)

Polshkov Yulian M.

2013-11-01

Full Text Available The article considers data on the gross domestic product, consumer expenditures, gross investments and volume of foreign trade for the national economy. It is assumed that time is a discrete variable with one year iteration. The article uses finite-difference equations. It considers models with a high degree of the regulatory function of the state with respect to the consumer market. The econometric component is based on the hypothesis that each of the above said macro-economic indicators for this year depends on the gross domestic product for the previous time periods. Such an assumption gives a possibility to engage the least-squares method for building up linear models of the pair regression. The article obtains the time series model, which allows building point and interval forecasts for the gross domestic product for the next year based on the values of the gross domestic product for the current and previous years. The article draws a conclusion that such forecasts could be considered justified at least in the short-term prospect. From the mathematical point of view the built model is a heterogeneous finite-difference equation of the second order with constant ratios. The article describes specific features of such equations. It illustrates graphically the analytical view of solutions of the finite-difference equation. This gives grounds to differentiate national economies as sustainable growth economies, one-sided, weak or being in the stage of successful re-formation. The article conducts comparison of the listed types with specific economies of modern states.

Fetus, fasting, and festival: the persistent effects of in utero social shocks.

Science.gov (United States)

Chen, Xi

2014-09-01

The Fetal Origins Hypothesis (FOH), put forward in the epidemiological literature and later flourished in the economics literature, suggests that the time in utero is a critical period for human development. However, much attention has been paid to the consequences of fetal exposures to more extreme natural shocks, while less is known about fetal exposures to milder but more commonly experienced social shocks. Using two examples of under-nutrition due to mild social shocks, i.e. Ramadan fasting and festival overspending, this paper summarizes our current knowledge, especially the contribution from economics, and key challenges in exploring fetal exposures to milder social shocks. I also discuss the salient added value of identifying milder versus more extreme fetal shocks. Finally, implications are drawn on individual decisions and public policy to improve children's well-being before they are born or even before their mothers realize that they are pregnant.

Fetus, Fasting, and Festival: The Persistent Effects of In Utero Social Shocks

Directory of Open Access Journals (Sweden)

Xi Chen

2014-09-01

Full Text Available The Fetal Origins Hypothesis (FOH, put forward in the epidemiological literature and later flourished in the economics literature, suggests that the time in utero is a critical period for human development. However, much attention has been paid to the consequences of fetal exposures to more extreme natural shocks, while less is known about fetal exposures to milder but more commonly experienced social shocks. Using two examples of under-nutrition due to mild social shocks, i.e. Ramadan fasting and festival overspending, this paper summarizes our current knowledge, especially the contribution from economics, and key challenges in exploring fetal exposures to milder social shocks. I also discuss the salient added value of identifying milder versus more extreme fetal shocks. Finally, implications are drawn on individual decisions and public policy to improve children’s well-being before they are born or even before their mothers realize that they are pregnant.

Micro and Macro Economic Policies of Government of Kosovo toward SMEs

Directory of Open Access Journals (Sweden)

Merita Shabani

2017-03-01

Full Text Available The emphasis of the discussion in this paper is centered on economic policies of Kosovo government towards SMEs. The paper will analyze trends of economic policies fostered by the Government of Kosovo in attempt to maximize the development of SME’s sector. Furthermore, the paper will carry out an in-depth analytical approach of SME policies taking into account their crucial role for economic growth. The critical mode of discussion will reveal advantages and disadvantages, and subsequently ultimate paybacks as a result of promoting favorable economic policies in favor of cultivating suitable business environment for SMEs. Similarly, in concluding remarks this paper appeals for more suitable and sustainable economic policies towards SMEs taking in consideration their high potential of employment generation. The paper also suggests concrete steps the Government of Kosovo needs to undertake in terms of promoting policy opportunities in order to speed up economic development of the country, growth as well as economic welfare.

The relationship between global oil price shocks and China's output: A time-varying analysis

International Nuclear Information System (INIS)

Cross, Jamie; Nguyen, Bao H.

2017-01-01

We employ a class of time-varying Bayesian vector autoregressive (VAR) models on new standard dataset of China's GDP constructed by to examine the relationship between China's economic growth and global oil market fluctuations between 1992Q1 and 2015Q3. We find that: (1) the time varying parameter VAR with stochastic volatility provides a better fit as compared to it's constant counterparts; (2) the impacts of intertemporal global oil price shocks on China's output are often small and temporary in nature; (3) oil supply and specific oil demand shocks generally produce negative movements in China's GDP growth whilst oil demand shocks tend to have positive effects; (4) domestic output shocks have no significant impact on price or quantity movements within the global oil market. The results are generally robust to three commonly employed indicators of global economic activity: Kilian's global real economic activity index, the metal price index and the global industrial production index, and two alternative oil price metrics: the US refiners' acquisition cost for imported crude oil and the West Texas Intermediate price of crude oil. - Highlights: • A class of time-varying BVARs is used to examine the relationship between China's economic growth and global oil market fluctuations. • The impacts of intertemporal global oil price shocks on China's output are often small and temporary in nature. • Oil supply and specific oil demand shocks generally produce negative movements in China's GDP growth while oil demand shocks tend to have positive effects. • Domestic output shocks have no significant impact on price or quantity movements within the global oil market.

Do structural oil-market shocks affect stock prices?

International Nuclear Information System (INIS)

Apergis, Nicholas; Miller, Stephen M.

2009-01-01

This paper investigates how explicit structural shocks that characterize the endogenous character of oil price changes affect stock-market returns in a sample of eight countries - Australia, Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States. For each country, the analysis proceeds in two steps. First, modifying the procedure of Kilian [Not All Oil Price Shocks are Alike: Disentangling Demand and Supply Shocks in the Crude Oil Market. American Economic Review.], we employ a vector error-correction or vector autoregressive model to decompose oil-price changes into three components: oil-supply shocks, global aggregate-demand shocks, and global oil-demand shocks. The last component relates to specific idiosyncratic features of the oil market, such as changes in the precautionary demand concerning the uncertainty about the availability of future oil supplies. Second, recovering the oil-supply shocks, global aggregate-demand shocks, and global oil-demand shocks from the first analysis, we then employ a vector autoregressive model to determine the effects of these structural shocks on the stock market returns in our sample of eight countries. We find that international stock market returns do not respond in a large way to oil market shocks. That is, the significant effects that exist prove small in magnitude. (author)

Technical Report on Socio-Economic Trends, Macro-Economic Impacts and Cost Interface

NARCIS (Netherlands)

Capros P; Sedee C; Jantzen J; MNV

2001-01-01

The economic assessment of priorities for a European environmental policy plan focuses on twelve identified Prominent European Environmental Problems such as climate change, chemical risks and biodiversity. The study, commissioned by the European Commission (DG Environment) to a European consortium

Wind turbines fundamentals, technologies, application, economics

CERN Document Server

Hau, Erich

2013-01-01

"Wind Turbines" addresses all those professionally involved in research, development, manufacture and operation of wind turbines. It provides a cross-disciplinary overview of modern wind turbine technology and an orientation in the associated technical, economic and environmental fields.  In its revised third edition, special emphasis has been given to the latest trends in wind turbine technology and design, such as gearless drive train concepts, as well as on new fields of application, in particular the offshore utilisation of wind energy. The author has gained experience over decades designing wind energy converters with a major industrial manufacturer and, more recently, in technical consulting and in the planning of large wind park installations, with special attention to economics.

Crude oil prices: Speculation versus fundamentals

Science.gov (United States)

Kolodziej, Marek Krzysztof

Beginning in 2004, the price of crude oil fluctuates rapidly over a wide range. Large and rapid price increases have recessionary consequences and dampen long-term infrastructural investment. I investigate whether price changes are driven by market fundamentals or speculation. With regard to market fundamentals, I revisit econometric evidence for the importance of demand shocks, as proxied by dry maritime cargo rates, on oil prices. When I eliminate transportation costs from both sides of the equation, disaggregate OPEC and non-OPEC production, and allow for more than one cointegrating relation, I find that previous specifications are inconsistent with arguments that demand shocks play an important role. Instead, results confirm the importance of OPEC supply shocks. I investigate two channels by which speculation may affect oil prices; the direct effect of trader behavior and changes in oil from a commodity to a financial asset. With regard to trader behavior, I find evidence that trader positions are required to explain the spread between spot and futures prices of crude oil on the New York Mercantile Exchange. The inclusion of trader positions clarifies the process of equilibrium error correction, such that there is bidirectional causality between prices and trader positions. This creates the possibility of speculative bubbles. With regard to oil as a commodity and/or financial asset, I use a Kalman Filter model to estimate the time-varying partial correlation between returns to investments in equity and oil markets. This correlation changes from negative to positive at the onset of the 2008 financial crisis. The low interest rates used to rescue the economy depress convenience yields, which reduces the benefits of holding oil as a commodity. Instead, oil becomes a financial asset (on net) as the oil market changed from contango to backwardation. Contradicting simple political narratives, my research suggests that both market fundamentals and speculation drive

Experimental and Theoretical Investigation of Shock-Induced Reactions in Energetic Materials

Energy Technology Data Exchange (ETDEWEB)

Kay, Jeffrey J. [Sandia National Lab. (SNL-CA), Livermore, CA (United States); Park, Samuel [Sandia National Lab. (SNL-NM), Albuquerque, NM (United States); Kohl, Ian Thomas [Sandia National Lab. (SNL-NM), Albuquerque, NM (United States); Knepper, Robert [Sandia National Lab. (SNL-NM), Albuquerque, NM (United States); Farrow, Darcie [Sandia National Lab. (SNL-NM), Albuquerque, NM (United States); Tappan, Alexander S. [Sandia National Lab. (SNL-NM), Albuquerque, NM (United States)

2017-09-01

In this work, shock-induced reactions in high explosives and their chemical mechanisms were investigated using state-of-the-art experimental and theoretical techniques. Experimentally, ultrafast shock interrogation (USI, an ultrafast interferometry technique) and ultrafast absorption spectroscopy were used to interrogate shock compression and initiation of reaction on the picosecond timescale. The experiments yielded important new data that appear to indicate reaction of high explosives on the timescale of tens of picoseconds in response to shock compression, potentially setting new upper limits on the timescale of reaction. Theoretically, chemical mechanisms of shock-induced reactions were investigated using density functional theory. The calculations generated important insights regarding the ability of several hypothesized mechanisms to account for shock-induced reactions in explosive materials. The results of this work constitute significant advances in our understanding of the fundamental chemical reaction mechanisms that control explosive sensitivity and initiation of detonation.

Writing Excel Macros with VBA

CERN Document Server

Roman, Steven

2008-01-01

To achieve the maximum control and flexibility from Microsoft® Excel often requires careful custom programming using the VBA (Visual Basic for Applications) language. Writing Excel Macros with VBA, 2nd Edition offers a solid introduction to writing VBA macros and programs, and will show you how to get more power at the programming level: focusing on programming languages, the Visual Basic Editor, handling code, and the Excel object model.

The case for conserving oil resources: the fundamentals of supply and demand

International Nuclear Information System (INIS)

Reynolds, D.B.

2000-01-01

This article summarises the evidence for an oil price shock and argues that oil producers, both OPEC and non-OPEC, need to cut back oil production more, in order to conserve oil for the future and to avert sudden extreme movements in oil prices in the next five-to-ten years. Four physical fundamentals determine long-run changes in oil prices: supply, demand, technology and substitutes. We show that supply, technology and substitutes are limited and demand is growing strongly. As demand pushes against supply, prices will rise rapidly. It would be better to conserve oil now, in order to have a smoother transition to higher-priced oil in the future. In addition, oil is such a valuable resource for the worlds economies in general, that we should conserve it for future generations. The world, in its haste for economic growth, should support OPEC conservation efforts. (author)

Effective Shear Viscosity of Iron under Shock-Loading Condition

International Nuclear Information System (INIS)

Ma Xiao-Juan; Liu Fu-Sheng; Sun Yan-Yun; Zhang Ming-Jian; Peng Xiao-Juan; Li Yong-Hong

2011-01-01

We combine the flyer-impact experiment and improve the finite difference method to solve whether the shear viscosity coefficient of shock iron is more reliable. We find that the numerical simulated profile agrees well with the measured one, from which the determined effective shear viscosity coefficients of shocked iron are 3000 ± 100 Pa·s and 4000 ± 100 Pa·s, respectively, at 103 GPa and 159 GPa. These values are more than 2000 ± 300 Pa·s of Li Y L et al.[Chin. Phys. Lett. 26 (2009) 038301] Our values are more reasonable because they are obtained from a comprehensive simulation for the full-shocked perturbation evolving process. (fundamental areas of phenomenology(including applications))

The macroeconomics of "Oil Prices" and "Economic Shocks": Lessons from the 1970s

Directory of Open Access Journals (Sweden)

Deepanshu Mohan

2015-10-01

Full Text Available This paper examines the relationship between oil price shocks and recessions and focuses particularly on the period of stagflation in the 1970s. Nearly every recession in the U.S. since WWII has been preceded by an oil price shock, and examining the literature as to the causal mechanisms finds there are a range of opinions from supply and demand side factors to the precipitated monetary policy response. Evaluating these across a number of countries finds that the mechanisms at play are complex and disputed. This paper reviews the literature and evaluates the various theories put forward before concluding that whilst oil plays a key role in the economy, the recessions following oil price shocks are more likely to be as a result of monetary policy decisions than the oil price shocks per se.

A sharp interface Cartesian grid method for viscous simulation of shocked particle-laden flows

Science.gov (United States)

Das, Pratik; Sen, Oishik; Jacobs, Gustaaf; Udaykumar, H. S.

2017-09-01

A Cartesian grid-based sharp interface method is presented for viscous simulations of shocked particle-laden flows. The moving solid-fluid interfaces are represented using level sets. A moving least-squares reconstruction is developed to apply the no-slip boundary condition at solid-fluid interfaces and to supply viscous stresses to the fluid. The algorithms developed in this paper are benchmarked against similarity solutions for the boundary layer over a fixed flat plate and against numerical solutions for moving interface problems such as shock-induced lift-off of a cylinder in a channel. The framework is extended to 3D and applied to calculate low Reynolds number steady supersonic flow over a sphere. Viscous simulation of the interaction of a particle cloud with an incident planar shock is demonstrated; the average drag on the particles and the vorticity field in the cloud are compared to the inviscid case to elucidate the effects of viscosity on momentum transfer between the particle and fluid phases. The methods developed will be useful for obtaining accurate momentum and heat transfer closure models for macro-scale shocked particulate flow applications such as blast waves and dust explosions.

Credibility of Policy Announcements Under Asymmetric Information

DEFF Research Database (Denmark)

Christensen, Michael

1999-01-01

In a simple macro-economic model, where the monetary authorities process superior information about a real shocks, the scope for an active stabilization policy is shown to depend on the credibility of the policy maker. Lack of credibility increases the need for an active stabilization policy...

Analytical solutions of hypersonic type IV shock - shock interactions

Science.gov (United States)

Frame, Michael John

An analytical model has been developed to predict the effects of a type IV shock interaction at high Mach numbers. This interaction occurs when an impinging oblique shock wave intersects the most normal portion of a detached bow shock. The flowfield which develops is complicated and contains an embedded jet of supersonic flow, which may be unsteady. The jet impinges on the blunt body surface causing very high pressure and heating loads. Understanding this type of interaction is vital to the designers of cowl lips and leading edges on air- breathing hypersonic vehicles. This analytical model represents the first known attempt at predicting the geometry of the interaction explicitly, without knowing beforehand the jet dimensions, including the length of the transmitted shock where the jet originates. The model uses a hyperbolic equation for the bow shock and by matching mass continuity, flow directions and pressure throughout the flowfield, a prediction of the interaction geometry can be derived. The model has been shown to agree well with the flowfield patterns and properties of experiments and CFD, but the prediction for where the peak pressure is located, and its value, can be significantly in error due to a lack of sophistication in the model of the jet fluid stagnation region. Therefore it is recommended that this region of the flowfield be modeled in more detail and more accurate experimental and CFD measurements be used for validation. However, the analytical model has been shown to be a fast and economic prediction tool, suitable for preliminary design, or for understanding the interactions effects, including the basic physics of the interaction, such as the jet unsteadiness. The model has been used to examine a wide parametric space of possible interactions, including different Mach number, impinging shock strength and location, and cylinder radius. It has also been used to examine the interaction on power-law shaped blunt bodies, a possible candidate for

STANDING SHOCK INSTABILITY IN ADVECTION-DOMINATED ACCRETION FLOWS

Energy Technology Data Exchange (ETDEWEB)

Le, Truong [Department of Physics, Astronomy and Geology, Berry College, Mount Berry, GA 30149 (United States); Wood, Kent S.; Wolff, Michael T. [High Energy Space Environment Branch, Space Science Division, Naval Research Laboratory, Washington, DC 20375 (United States); Becker, Peter A. [Department of Physics and Astronomy, George Mason University, Fairfax, VA 22030 (United States); Putney, Joy, E-mail: tle@berry.edu [Department of Physics and Engineering, Washington and Lee University, Lexington, VA 24450 (United States)

2016-03-10

Depending on the values of the energy and angular momentum per unit mass in the gas supplied at large radii, inviscid advection-dominated accretion flows can display velocity profiles with either preshock deceleration or preshock acceleration. Nakayama has shown that these two types of flow configurations are expected to have different stability properties. By employing the Chevalier and Imamura linearization method and the Nakayama instability boundary conditions, we discover that there are regions of parameter space where disks/shocks with outflows can be stable or unstable. In regions of instability, we find that preshock deceleration is always unstable to the zeroth mode with zero frequency of oscillation, but is always stable to the fundamental mode and overtones. Furthermore, we also find that preshock acceleration is always unstable to the zeroth mode and that the fundamental mode and overtones become increasingly less stable as the shock location moves away from the horizon when the disk half-height expands above ∼12 gravitational radii at the shock radius. In regions of stability, we demonstrate the zeroth mode to be stable for the velocity profiles that exhibit preshock acceleration and deceleration. Moreover, for models that are linearly unstable, our model suggests the possible existence of quasi-periodic oscillations (QPOs) with ratios 2:3 and 3:5. These ratios are believed to occur in stellar and supermassive black hole candidates, for example, in GRS 1915+105 and Sgr A*, respectively. We expect that similar QPO ratios also exist in regions of stable shocks.

Gross domestic product growth rates as confined Lévy flights: Towards a unifying theory of economic growth rate fluctuations

Science.gov (United States)

Lera, Sandro Claudio; Sornette, Didier

2018-01-01

A model that combines economic growth rate fluctuations at the microscopic and macroscopic levels is presented. At the microscopic level, firms are growing at different rates while also being exposed to idiosyncratic shocks at the firm and sector levels. We describe such fluctuations as independent Lévy-stable fluctuations, varying over multiple orders of magnitude. These fluctuations are aggregated and measured at the macroscopic level in averaged economic output quantities such as GDP. A fundamental question is thereby to what extent individual firm size fluctuations can have a noticeable impact on the overall economy. We argue that this question can be answered by considering the Lévy fluctuations as embedded in a steep confining potential well, ensuring nonlinear mean-reversal behavior, without having to rely on microscopic details of the system. The steepness of the potential well directly controls the extent to which idiosyncratic shocks to firms and sectors are damped at the level of the economy. Additionally, the theory naturally accounts for business cycles, represented in terms of a bimodal economic output distribution and thus connects two so far unrelated fields in economics. By analyzing 200 years of U.S. gross domestic product growth rates, we find that the model is in good agreement with the data.

Linking ground motion measurements and macro-seismic observations in France: A case study based on the RAP (accelerometric) and BCSF (macro-seismic) databases

International Nuclear Information System (INIS)

Lesueur, Ch.

2011-01-01

Comparison between accelerometric and macro-seismic observations is made for three mw∼4.5 earthquakes of eastern France between 2003 and 2005. Scalar and spectral instrumental parameters are processed from the accelerometric data recorded by nine accelerometric stations located between 29 km and 180 km from the epicentres. Macro-seismic data are based on the French internet reports. In addition to the individual macro-seismic intensity, analysis of the internal correlation between the encoded answers highlights four predominant fields of questions, bearing different physical meanings: 1) 'vibratory motions of small objects', 2) 'displacement and fall of objects', 3) 'acoustic noise', and 4) 'personal feelings'. Best correlations between macro-seismic and instrumental observations are obtained when the macro-seismic parameters are averaged over 10 km radius circles around each station. macro-seismic intensities predicted by published pgv-intensity relationships quite agree with the observed intensities, contrary to those based on pga. The correlations between the macro-seismic and instrumental data, for intensities between ii and v (ems-98), show that pgv is the instrumental parameter presenting the best correlation with all macro-seismic parameters. The correlation with response spectra, exhibits clear frequency dependence over a limited frequency range [0.5-33 hz]. Horizontal and vertical components are significantly correlated with macro-seismic parameters between 1 and 10 hz, a range corresponding to both natural frequencies of most buildings and high energy content in the seismic ground motion. Between 10 and 25 hz, a clear lack of correlation between macro-seismic and instrumental data is observed, while beyond 25 hz the correlation coefficient increases, approaching that of the PGA correlation level. (author)

Social and macro economic impact of closure

International Nuclear Information System (INIS)

Medeliene, D.

1999-01-01

The social consequences of closure of Ignalina NPP will largely depend on the actions the Government takes. If it puts in place the conditions which enable the International Financial Institutions to assist Lithuania, both in providing loans and grants for decommissioning and (in the case of the EU) providing Structural Adjustment Funds for the regional economic development of the Visaginas area, then solutions to the problems of closure can be found. But if the Government delays putting into place the necessary conditions, then Lithuania will be left to solve the problems of - inter alia necessary - closure of Ignalina NPP on its own. (author)

[Heavy metal pollution ecology of macro-fungi: research advances and expectation].

Science.gov (United States)

Zhou, Qi-xing; An, Xin-long; Wei, Shu-he

2008-08-01

Macro-fungi are the main component of biosphere and one of the ecological resources, and play very important roles in matter cycling and in maintaining ecological balances. This paper summarized and reviewed the research advances in the eco-toxicological effects of heavy metals on macro-fungi, the bioaccumulation function of macro-fungi on heavy metals, the ecological adaptation mechanisms of macro-fungi to heavy metal pollution, the role of macro-fungi as a bio-indicator of heavy metal pollution, and the potential of macro-fungi in the ecological remediation of contaminated environment. To strengthen the researches on the heavy metal pollution ecology of macro-fungi would be of practical significance in the reasonable utilization of macro-fungi resources and in the ecological remediation of contaminated environment.

The International Macro-Environment of an Organization

Directory of Open Access Journals (Sweden)

Ileana (Badulescu Anastase

2016-01-01

Full Text Available The international macro-environment (supranational macro-environment brings together allthe uncontrollable factors with a global impact, and it is related to the organization’s indirectrelationships on international markets. Romania’s globalization and the EU integration increasedthe importance of the macro-environment for all organizations, regardless of their degree ofinternationalization. In marketing, we must master the main agreements between countries and theregulations emanating from general international bodies, reflecting on their business, on differentforeign markets. Knowledge of the international environment is possible only through an analysisof its components (Anastase, I., 2012, p.41.

Shock Tube as an Impulsive Application Device

Directory of Open Access Journals (Sweden)

Soumya Ranjan Nanda

2017-01-01

Full Text Available Current investigations solely focus on application of an impulse facility in diverse area of high-speed aerodynamics and structural mechanics. Shock tube, the fundamental impulse facility, is specially designed and calibrated for present objectives. Force measurement experiments are performed on a hemispherical test model integrated with the stress wave force balance. Similar test model is considered for heat transfer measurements using coaxial thermocouple. Force and heat transfer experiments demonstrated that the strain gauge and thermocouple have lag time of 11.5 and 9 microseconds, respectively. Response time of these sensors in measuring the peak load is also measured successfully using shock tube facility. As an outcome, these sensors are found to be suitable for impulse testing. Lastly, the response of aluminum plates subjected to impulsive loading is analyzed by measuring the in-plane strain produced during deformation. Thus, possibility of forming tests in shock is also confirmed.

Cultivation Strategy for Freshwater Macro- and Micro-Algae as Biomass Stock for Lipid Production

Directory of Open Access Journals (Sweden)

Marieska Verawaty

2017-07-01

Full Text Available In this research, an algae cultivation strategy was studied. Integrating algae cultivation with wastewater treatment is currently seen as one of the most economical ways of producing algae biomass. A combination of an anaerobic baffled reactor (ABR and a constructed wetland (CW was applied for treating domestic wastewater with an additional collection tank for improving effluent quality. The effluent produced from the three stages was used as algae cultivation media and suplemented with 10% bold basal medium (BBM. The results showed both micro- and macro-algae growth and their lipid contents were higher when they were grown in effluent-BBM (9:1 v/v media. The lipid content of the micro-algae mixed culture was 16.5% while for macro-algae Oedogonium sp and Cladophora sp it was 6.90% and 6.75% respectively.

AFRICAN JOURNAL OF ECONOMIC REVIEW

African Journals Online (AJOL)

Dr Kazungu

Monetary Policy Shocks and Industrial Output in Nigeria: A Dynamic Effect .... most studies have focused on monetary policy and economic growth, they have paid less ..... Unpublished M.Sc. Thesis, Department of Economics Obafemi Awolowo, Ile- .... “Differential Impacts of Export Expansion on Economic Growth in the.

An Evaluation of Selected Economic Areas according to Similarity of Supply and Demand Shocks

Directory of Open Access Journals (Sweden)

Kappel Stanislav

2015-06-01

Full Text Available The Euro Area remains a well-known monetary union in the World. But the possibilities of creation of new monetary unions are discussed. It is spoken about NAFTA (Canada, Mexico and the United States or MERCOSUR (Argentina, Brazil, Paraguay, Uruguay and Venezuela. The aim of this paper is to assess the similarity of demand and supply shocks in the countries of NAFTA and MERCOSUR, and to compare it with the countries of the Euro Area. For these aims, correlation and structural vector autoregression methods are used. Methods are based on Blanchard and Quah (1989 and Bayoumi and Eichengreen (1993. We confirm the existence of core states and periphery states in the Euro Area with some exceptions. If we compare supply and demand shocks, we find more similarity in the case of supply shocks in the countries of the Euro Area. According to the results, the countries of NAFTA are more appropriate for the creation of monetary union than the countries of MERCOSUR. The countries of NAFTA achieve high correlation coefficients of supply and demand shocks (except Mexico for supply shocks.

Transaction costs economics of irreplaceability: ex ante and ex post evaluation of conservation networks' vulnerability to environmental shocks.

Science.gov (United States)

Huusom, Henrik; Strange, Niels

2008-04-01

The theoretical concept, "asset specificity," is applied to real data in the context of Danish nature conservation network planning in order to produce illustrative examples of an economic measure of the network's vulnerability to exogenous shocks to the species composition. Three different measures of asset specificity are quantified from the shadow value of eliminating a key species from the individual grid cells. This represents a novel approach and a different interpretation of the term, as it is conventionally used as a qualitative indicator in the transaction cost economics literature. Apart from supplementing existing cost measures with an indicator of risk associated with investments in protected areas, this study demonstrates how the estimation and interpretation of various asset specificity measures for geographical areas may qualify policy makers' choice of policy instrument in conservation planning. This differs from the more intuitive approach of basing policy instrument choice solely on the rarity of the species in a given area.

On the macro-economic impacts of climate change under informational failures

OpenAIRE

CAO, Ruixuan; Gohin, Alexandre

2012-01-01

Although the sources, extent and physical impacts of the future climate change are highly uncertain, available dynamic economic assessments implicitly assume that economic agents perfectly know them. Perfect foresight, rational expectations or active learning are standard assumptions underlying simulated results. To the contrary, this paper builds on the assumption that economic agents may suffer for a while from limited knowledge about the average and variability of physical impa...

Do oil price shocks matter? Evidence for some European countries

International Nuclear Information System (INIS)

Cunado, Juncal; Gracia, Fernando Perez de

2003-01-01

This paper analyzes the oil price-macro economy relationship by means of analyzing the impact of oil prices on inflation and industrial production indexes for many European countries using quarterly data for the period 1960-1999. First, we test for cointegration allowing for structural breaks among the variables. Second, and in order to account for the possible non-linear relationships, we use different transformation of oil price data. The main results suggest that oil prices have permanent effects on inflation and short run but asymmetric effects on production growth rates. Furthermore, significant differences are found among the responses of the countries to these shocks. (Author)

The use of SVAR analysis in determining the effects of fiscal shocks in Croatia

Directory of Open Access Journals (Sweden)

Raafel Ravnik

2011-03-01

Full Text Available In this paper we use multivariate Blanchard-Perotti SVAR methodology to analyze disaggregated short-term effects of fiscal policy on economic activity, inflation and short-term interest rates. The results suggest that the effects of government expenditure shocks and the shock of government revenues are relatively the highest on interest rates and the lowest on inflation. A tax shock in the short term increases the inflation rate and also decreases the short-term interest rate, and after one year stabilization occurs at the initial level, while spending shock leads to a reverse effect. The effects of fiscal policies on the proxy variable of output, i.e. industrial production, are less economically intuitive, because the shock of expenditure decreases and revenue shock permanently increases industrial production. The empirical result shows that a tax shock has a permanent effect on future taxes; while future levels of government spending are not related to current expenditure shocks. Interactions between the components of fiscal policy are also examined and it is concluded that a tax shock increases expenditures permanently, while an expenditure shock does not significantly affect government revenues, which is consistent with the tendency of growth in public debt. Furthermore, it was found that government revenue and expenditure shocks do not have a mirror effect, which justifies disaggregated analysis of fiscal policy shocks.

Automation of the Weighting and its Register Using Macros; Automatizacion de la Pesada y su Registro mediante el Uso de Macro-Instrucciones

Energy Technology Data Exchange (ETDEWEB)

Gasco, C.; Ampudia, J.

2005-07-01

Macros automate a repetitive or complex task that oneself otherwise would have to execute manually. Macros have been implemented (based on Visual Basic Applications) on the laboratory calculation sheets to obtain automatically the weight-registers from the Balances. The combined utilization of the programme Balint (trademark Precisa) and macros has allowed us to transfer in real time the weight data to the sheets and later information storage. The method for using these macros has been summarised in this report. This way of working permits: to register the data of all the laboratory samples and to be available for auditory purposes. (Author) 4 refs.

The structure of steady shock waves in porous metals

Science.gov (United States)

Czarnota, Christophe; Molinari, Alain; Mercier, Sébastien

2017-10-01

The paper aims at developing an understanding of steady shock wave propagation in a ductile metallic material containing voids. Porosity is assumed to be less than 0.3 and voids are not connected (foams are not considered). As the shock wave is traveling in the porous medium, the voids are facing a rapid collapse. During this dynamic compaction process, material particles are subjected to very high acceleration in the vicinity of voids, thus generating acceleration forces at the microscale that influence the overall response of the porous material. Analyzing how stationary shocks are influenced by these micro-inertia effects is the main goal of this work. The focus is essentially on the shock structure, ignoring oscillatory motion of pores prevailing at the tail of the shock wave. Following the constitutive framework developed by Molinari and Ravichandran (2004) for the analysis of steady shock waves in dense metals, an analytical approach of steady state propagation of plastic shocks in porous metals is proposed. The initial void size appears as a characteristic internal length that scales the overall dynamic response, thereby contributing to the structuring of the shock front. This key feature is not captured by standard damage models where the porosity stands for the single damage parameter with no contribution of the void size. The results obtained in this work provide a new insight in the fundamental understanding of shock waves in porous media. In particular, a new scaling law relating the shock width to the initial void radius is obtained when micro-inertia effects are significant.

ICT and productivity growth in the 1990s

DEFF Research Database (Denmark)

Kongsted, Hans Christian; Dahl, Christian; Sørensen, Anders

2011-01-01

due to advances in total factor productivity. The impact of ICT in Europe has happened against a negative macro economic shock not related to ICT. This is in contrast to the established evidence for the US. Our main results challenge the consensus in the growth-accounting literature that there has...

ICT and Productivity Growth in the 1990’s: Panel Data Evidence on Europe

DEFF Research Database (Denmark)

Dahl, Christian Møller; Kongsted, Hans Christian; Sørensen, Anders

to advances in total factor productivity. The impact of ICT in Europe has happened against a negative macro economic shock not related to ICT. This is in contrast to the established evidence for the US. Our main results challenge the consensus in the growth-accounting literature that there has been...

The Shock Doctrine

OpenAIRE

Dionysios K. Solomos; Dimitrios N. Koumparoulis

2011-01-01

Naomi Klein attempts to redefine the economic history discovering the historical continuities and to reveal the neoliberal theory which functions via the utilization of specific “tools”. The state of shock is the key for the opponents of Chicago School and Milton Friedman in order for them to establish neoliberal policies and to promote the deregulated capitalism which includes less welfare state, less public sector, less regulation, weakened labor unions, privatizations and laissez-faire. Th...

Protocol for an economic evaluation of the randomised controlled trial of culprit lesion only PCI versus immediate multivessel PCI in acute myocardial infarction complicated by cardiogenic shock: CULPRIT-SHOCK trial.

Science.gov (United States)

Quayyum, Zahidul; Briggs, Andrew; Robles-Zurita, Jose; Oldroyd, Keith; Zeymer, Uwe; Desch, Steffen; Waha, Suzanne de; Thiele, Holger

2017-08-18

Emergency percutaneous coronary intervention (PCI) of the culprit lesion for patients with acute myocardial infarctions is an accepted practice. A majority of patients present with multivessel disease with additional relevant stenoses apart from the culprit lesion. In haemodynamically stable patients, there is increasing evidence from randomised trials to support the practice of immediate complete revascularisation. However, in the presence of cardiogenic shock, the optimal management strategy for additional non-culprit lesions is unknown. A multicentre randomised controlled trial, CULPRIT-SHOCK, is examining whether culprit vessel only PCI with potentially subsequent staged revascularisation is more effective than immediate multivessel PCI. This paper describes the intended economic evaluation of the trial. The economic evaluation will be conducted using a pre-trial decision model and within-trial analysis. The modelling-based analysis will provide expected costs and health outcomes, and incremental cost-effectiveness ratio over the lifetime for the cohort of patients included in the trial. The within-trial analysis will provide estimates of cost per life saved at 30 days and in 1 year, and estimates of health-related quality of life. Bootstrapping and cost-effectiveness acceptability curves will be used to address any uncertainty around these estimates. Different types of regression models within a generalised estimating equation framework will be used to examine how the total cost and quality-adjusted life years are explained by patients' characteristics, revascularisation strategy, country and centre. The cost-effectiveness analysis will be from the perspective of each country's national health services, where costs will be expressed in euros adjusted for purchasing power parity. Ethical approval for the study was granted by the local Ethics Committee at each recruiting centre. The economic evaluation analyses will be published in peer-reviewed journals of

Admissibility region for rarefaction shock waves in dense gases

NARCIS (Netherlands)

Zamfirescu, C.; Guardone, A.; Colonna, P.

2008-01-01

In the vapour phase and close to the liquid–vapour saturation curve, fluids made of complex molecules are expected to exhibit a thermodynamic region in which the fundamental derivative of gasdynamic ? is negative. In this region, non-classical gasdynamic phenomena such as rarefaction shock waves are

Budget Deficits Effects on Economic Growth

Directory of Open Access Journals (Sweden)

L.C.Risti

2013-06-01

Full Text Available The budget deficit can not be analyzed autarchically, as it affects all the macroeconomic processes and, is itself influenced by all other macroeconomic indicators. Most analyses and studies on public finance and budget balance measure the impact that budgetary deficits accumulation has on economy. Therefore, the present paper aims at following and analyzing the mutual impact between budget deficit and another economic macro indicator, namely the economic growth.

Complex fluids with mobile charge-regulating macro-ions

Science.gov (United States)

Markovich, Tomer; Andelman, David; Podgornik, Rudi

2017-10-01

We generalize the concept of charge regulation of ionic solutions, and apply it to complex fluids with mobile macro-ions having internal non-electrostatic degrees of freedom. The suggested framework provides a convenient tool for investigating systems where mobile macro-ions can self-regulate their charge (e.g., proteins). We show that even within a simplified charge-regulation model, the charge dissociation equilibrium results in different and notable properties. Consequences of the charge regulation include a positional dependence of the effective charge of the macro-ions, a non-monotonic dependence of the effective Debye screening length on the concentration of the monovalent salt, a modification of the electric double-layer structure, and buffering by the macro-ions of the background electrolyte.

THE CULTURE AND ARTS ORGANIZATION: MACRO-SOCIOLOGICAL ASPECT

Directory of Open Access Journals (Sweden)

Margarita Rasimovna Pashaeva

2013-11-01

Full Text Available In this study we analyze the macro-sociological aspect of culture and arts organization. The subject of research is reputation policy and communication technologies in  macro-sociological aspect of culture and arts organization. The target is the research the effects of macro-sociological aspect in the activities of such organization. In the study were used such methods of research: theoretical study and  synthesis; quantative method of elicitation: questionnaire; information processing methods of primary analysis; interpretation. The results of research can be applied in the activities of different culture and arts organization. The research identified the negative and positive tendencies in the context of the macro-sociological aspect.DOI: http://dx.doi.org/10.12731/2218-7405-2013-8-49

Three hitherto unreported macro-fungi from Kashmir Himalaya

International Nuclear Information System (INIS)

Pala, S.A.; Wana, A.H.; Boda, R.H.

2012-01-01

The Himalayan state, Jammu and Kashmir due to its climate ranging from tropical deciduous forests to temperate and coniferous forests provides congenial habitat for the growth of diverse macro fungal species which in turn gives it the status of 'hub' of macro-fungal species. The macro fungal species richness of the state is directly related to its expansive forest communities and diverse weather patterns, but all the regions of the state have not been extensively surveyed till now. In this backdrop, a systematic survey for exploration and inventorization of macro fungal species of Western Kashmir Himalaya was undertaken during the year 2009 and 2010, which in turn resulted identification of the three species viz., Thelephora caryophyllea (Schaeff.) Pers., Coltricia cinnamomea (Pers.) Murr., and Guepinia helvelloides Fr. as new reports from the Kashmir. These species were identified on the basis of macro and microscopic characters and also the aid of taxonomic keys, field manuals, mushroom herbaria and help from expert taxonomists in the related field was taken into account. (author)

Investigation of oscillating airfoil shock phenomena

OpenAIRE

Giordano , Daniel; Fleeter , Sanford

1992-01-01

Fundamental experiments were performed in an unsteady flow water table facility to investigate and quantify the unsteady aerodynamics of a biconvex airfoil executing torsion mode oscillations at realistic reduced frequencies. A computer-based image enhancement system was used to measure the oscillating supersonic and transonic shock flow phenomena. By utilizing the hydraulic analogy to compare experimental results with a linear theoretical prediction, magnitude and phase relationships for the...

Simulation Study of Shock Reaction on Porous Material

International Nuclear Information System (INIS)

Xu Aiguo; Zhang Guangcai; Pan Xiaofei; Zhu Jianshi

2009-01-01

Direct modeling of porous materials under shock is a complex issue. We investigate such a system via the newly developed material-point method. The effects of shock strength and porosity size are the main concerns. For the same porosity, the effects of mean-void-size are checked. It is found that local turbulence mixing and volume dissipation are two important mechanisms for transformation of kinetic energy to heat. When the porosity is very small, the shocked portion may arrive at a dynamical steady state; the voids in the downstream portion reflect back rarefactive waves and result in slight oscillations of mean density and pressure; for the same value of porosity, a larger mean-void-size makes a higher mean temperature. When the porosity becomes large, hydrodynamic quantities vary with time during the whole shock-loading procedure: after the initial stage, the mean density and pressure decrease, but the temperature increases with a higher rate. The distributions of local density, pressure, temperature and particle-velocity are generally non-Gaussian and vary with time. The changing rates depend on the porosity value, mean-void-size and shock strength. The stronger the loaded shock, the stronger the porosity effects. This work provides a supplement to experiments for the very quick procedures and reveals more fundamental mechanisms in energy and momentum transportation. (general)

Technical Report on Socio-Economic Trends, Macro-Economic Impacts and Cost Interface

OpenAIRE

Capros P; Sedee C; Jantzen J; MNV

2001-01-01

The economic assessment of priorities for a European environmental policy plan focuses on twelve identified Prominent European Environmental Problems such as climate change, chemical risks and biodiversity. The study, commissioned by the European Commission (DG Environment) to a European consortium led by RIVM, provides a basis for priority setting for European environmental policy planning in support of the sixth Environmental Action Programme as follow-up of the current fifth Environmental ...

On the economic dimensions of CSR: Exploring Fortune Global 250 reports

NARCIS (Netherlands)

Fortanier, F.N.; Kolk, A.

2007-01-01

The macro-level debate on the economic impact of multinational enterprises (MNEs) is still unsettled. This article explores micro-level evidence by examining what Fortune Global 250 firms themselves report about their economic impact. Such reporting embodies corporate attempts to account for their

Evaluation of kriging based surrogate models constructed from mesoscale computations of shock interaction with particles

Energy Technology Data Exchange (ETDEWEB)

Sen, Oishik, E-mail: oishik-sen@uiowa.edu [Mechanical and Industrial Engineering, The University of Iowa, Iowa City, IA 52242 (United States); Gaul, Nicholas J., E-mail: nicholas-gaul@ramdosolutions.com [RAMDO Solutions, LLC, Iowa City, IA 52240 (United States); Choi, K.K., E-mail: kyung-choi@uiowa.edu [Mechanical and Industrial Engineering, The University of Iowa, Iowa City, IA 52242 (United States); Jacobs, Gustaaf, E-mail: gjacobs@sdsu.edu [Aerospace Engineering, San Diego State University, San Diego, CA 92115 (United States); Udaykumar, H.S., E-mail: hs-kumar@uiowa.edu [Mechanical and Industrial Engineering, The University of Iowa, Iowa City, IA 52242 (United States)

2017-05-01

Macro-scale computations of shocked particulate flows require closure laws that model the exchange of momentum/energy between the fluid and particle phases. Closure laws are constructed in this work in the form of surrogate models derived from highly resolved mesoscale computations of shock-particle interactions. The mesoscale computations are performed to calculate the drag force on a cluster of particles for different values of Mach Number and particle volume fraction. Two Kriging-based methods, viz. the Dynamic Kriging Method (DKG) and the Modified Bayesian Kriging Method (MBKG) are evaluated for their ability to construct surrogate models with sparse data; i.e. using the least number of mesoscale simulations. It is shown that if the input data is noise-free, the DKG method converges monotonically; convergence is less robust in the presence of noise. The MBKG method converges monotonically even with noisy input data and is therefore more suitable for surrogate model construction from numerical experiments. This work is the first step towards a full multiscale modeling of interaction of shocked particle laden flows.

Agricultural Commodity Price Shocks and their Effect on Growth in Sub-Saharan Africa

OpenAIRE

Addison, Tony; Ghoshray, Atanu

2014-01-01

Commodity price shocks are an important type of external shock and are often cited as a problem for economic growth in sub-Saharan Africa. This paper quantifies the impact of agricultural commodity price shocks using a near vector autoregressive model. The novel aspect of this model is that we define an auxiliary variable that can potentially capture the definition of a price shock that allows us to determine whether the response of per capita Gross domestic product (GDP) growth in sub-Sahara...

Back to Business Fundamentals: Making “Bottom of the Pyramid” Relevant to Core Business

Directory of Open Access Journals (Sweden)

Erik Simanis

2012-06-01

Full Text Available Over the last half-decade, corporate interest in Bottom of the Pyramid (BOP — strategies for profitably serving the world’s lowest income consumers—has dropped precipitously or migrated to the CSR (i.e., philanthropic side of the business. We contend that these trends stem from a fundamental misalignment generated when BOP is framed and managed as a market-based solution to poverty alleviation rather than an internally competitive investment opportunity.Examining macro, meso, and micro dimensions of a company’s core operations, we argue that if corporations are to make BOP part of their investment portfolios, there needs to be four changes to management practice which ensure business fundamentals guide decision-making. First, proponents need to drop the development-infused term “Bottom of the Pyramid” and communicate in terms familiar to and used by the majority of business managers in emerging market country offices. Second, in framing the business case, managers need to leave behind exaggerated, emotionally-tinged claims in favor of concrete, bounded opportunities that address the objectives and investment parameters of a specific unit in the company. Third, at the field level, managers need to reorient their focus from co-creation and community engagement strategies to the business economic drivers of business unit profitability. Finally, to evaluate projects and investments, managers need to measure outputs that link directly to business performance and curtail the growing overemphasis on ”impact assessments.”

Macro Dark Matter

CERN Document Server

Jacobs, David M; Lynn, Bryan W.

2015-01-01

Dark matter is a vital component of the current best model of our universe, $\\Lambda$CDM. There are leading candidates for what the dark matter could be (e.g. weakly-interacting massive particles, or axions), but no compelling observational or experimental evidence exists to support these particular candidates, nor any beyond-the-Standard-Model physics that might produce such candidates. This suggests that other dark matter candidates, including ones that might arise in the Standard Model, should receive increased attention. Here we consider a general class of dark matter candidates with characteristic masses and interaction cross-sections characterized in units of grams and cm$^2$, respectively -- we therefore dub these macroscopic objects as Macros. Such dark matter candidates could potentially be assembled out of Standard Model particles (quarks and leptons) in the early universe. A combination of earth-based, astrophysical, and cosmological observations constrain a portion of the Macro parameter space; ho...

Acoustic waves in shock tunnels and expansion tubes

Science.gov (United States)

Paull, A.; Stalker, R. J.

1992-01-01

It is shown that disturbances in shock and expansion tubes can be modelled as lateral acoustic waves. The ratio of sound speed across the driver-test gas interface is shown to govern the quantity of noise in the test gas. Frequency 'focusing' which is fundamental to centered unsteady expansions is discussed and displayed in centerline pitot pressure measurements.

Financial stability or economic stability?

OpenAIRE

Ana POPA; Laura GIURCA VASILESCU

2010-01-01

This paper is based on the dilemma: effect or cause in the analysis of the economic and financial crisis? The first finding of the study is that it has always been easier to consider that the mistakes from the financial field caused the economic crisis. Currently, in the European Union and Romania there is a concern for aggressive action against financial instability. The second finding is that the crisis phenomenon manifest synergetic, thus the deterioration in the macro and micro- financial...

Frontiers in economic research on petroleum allocation using mathematical programming methods

International Nuclear Information System (INIS)

Rowse, J.

1991-01-01

This paper presents a state of the art of operations research techniques applied in petroleum allocation, namely mathematical programming methods, with principal attention directed toward linear programming and nonlinear programming (including quadratic programming). Contributions to the economics of petroleum allocation are discussed for international trade, industrial organization, regional/macro economics, public finance and natural resource/environmental economics

Energy shocks and detecting influential industries

International Nuclear Information System (INIS)

Kang, Dongsuk; Lee, Duk Hee

2017-01-01

An industry's relationship of supply and demand with the energy sector can be a critical factor in the stability of its economic performance. Furthermore, the patterns of industry dependence on energy industries can be a major characteristic of entire industrial structure. This research evaluates industries' impact scores for their overall influence on other industries and vulnerability to supply and demand shocks from the energy sector. The study utilizes a sample of Korea's industrial input–output tables from 2010 to 2012. Using a chain of complementary methodologies, this study finds that among four clusters, energy, services, and raw materials are key members that can spread energy shocks to other industries. Therefore, governments need to prepare effective energy efficiency policies for these target industries. - Highlights: • We analyze an industry's impact score of its vulnerability to energy shock and inter-industrial effects. • We utilize the sample of input-output tables in Korea from 2010 to 2012. • We implement simulation, PCA, TOPSIS, cluster analysis about energy shock and industrial trades. • Subsectors of energy, services, raw material are subject to energy shock and influential to others. • These bridge industries can be targets that require policies for effective energy efficiency.

The macro-level drivers of intimate partner violence: New evidence from a multilevel dataset.

Science.gov (United States)

Kovacs, Roxanne J

2017-05-04

This study uses multi-level regression analysis to determine the impact of macro-level drivers on intimate partner violence (IPV). It argues that we need to look beyond the usual, individual-level risk factors in order to understand why women experience abuse at the hands of their intimate partners. Using Demographic and Health Survey data from 40 developing countries, this paper demonstrates that socio-economic development, beliefs and laws play an important role in explaining IPV.

The Effects of Oil Price Shocks on real GDP in Iran

Directory of Open Access Journals (Sweden)

Mohammad Taghi Khosravi Larijani

2013-09-01

Full Text Available In this paper, the asymmetric effects of oil price shocks on GDP have been investigated by co-integration analysis in Iran economy during the period 1960-2010. We used Hodrick-Prescott filtering to separate positive shocks from negative shocks. The results showed that in long run the negative shocks have stronger effects on output than positive ones that can have damaging repercussions on economic growth. The findings have practical policy implications for decision makers in the area of macroeconomic planning. The use of stabilization and savings funds and diversification of the real sector seems crucial to minimize the harmful effects of oil booms and busts

Long-Term Fundamentals of the 2008 Economic Crisis

OpenAIRE

David Mayer-Foulkes

2009-01-01

The current economic crisis has long-term causes that are rooted in the economic dynamics of globalization. I construct a Solow-style endogenous model of capital accumulation, technological change, trade and cheap-factor-seeking foreign direct investment (FDI), based on myopic agents. Combining advanced technologies with low costs, FDI yields extraordinary profits that generate asymmetric innovation incentives that explain the following stylized facts. Globalization (a) increases capital accu...

Nitrogen-rich heterocycles as reactivity retardants in shocked insensitive explosives.

Science.gov (United States)

Manaa, M Riad; Reed, Evan J; Fried, Laurence E; Goldman, Nir

2009-04-22

We report the first quantum-based multiscale simulations to study the reactivity of shocked perfect crystals of the insensitive energetic material triaminotrinitrobenzene (TATB). Tracking chemical transformations of TATB experiencing overdriven shock speeds of 9 km/s for up to 0.43 ns and 10 km/s for up to 0.2 ns reveal high concentrations of nitrogen-rich heterocyclic clusters. Further reactivity of TATB toward the final decomposition products of fluid N(2) and solid carbon is inhibited due to the formation of these heterocycles. Our results thus suggest a new mechanism for carbon-rich explosive materials that precedes the slow diffusion-limited process of forming the bulk solid from carbon clusters and provide fundamental insight at the atomistic level into the long reaction zone of shocked TATB.

Financial Market Liberalization and Economic Growth

NARCIS (Netherlands)

G.A. Garita (Gus)

2008-01-01

textabstractThe literature has shown that it is hard to …find unambiguous evidence that financial openness yields an improvement in economic performance, particularly at the macro level. One of the major problems in empirical work is the bundling of …financial openness with a potential host of other

Analysis of Macro-micro Simulation Models for Service-Oriented Public Platform: Coordination of Networked Services and Measurement of Public Values

Science.gov (United States)

Kinoshita, Yumiko

When service sectors are a major driver for the growth of the world economy, we are challenged to implement service-oriented infrastructure as e-Gov platform to achieve further growth and innovation for both developed and developing countries. According to recent trends in service industry, it is clarified that main factors for the growth of service sectors are investment into knowledge, trade, and the enhanced capacity of micro, small, and medium-sized enterprises (MSMEs). In addition, the design and deployment of public service platform require appropriate evaluation methodology. Reflecting these observations, this paper proposes macro-micro simulation approach to assess public values (PV) focusing on MSMEs. Linkage aggregate variables (LAVs) are defined to show connection between macro and micro impacts of public services. As a result, the relationship of demography, business environment, macro economy, and socio-economic impact are clarified and their values are quantified from the behavioral perspectives of citizens and firms.

Vulnerability to shocks in the global seafood trade network

Science.gov (United States)

Gephart, Jessica A.; Rovenskaya, Elena; Dieckmann, Ulf; Pace, Michael L.; Brännström, Åke

2016-03-01

Trade can allow countries to overcome local or regional losses (shocks) to their food supply, but reliance on international food trade also exposes countries to risks from external perturbations. Countries that are nutritionally or economically dependent on international trade of a commodity may be adversely affected by such shocks. While exposure to shocks has been studied in financial markets, communication networks, and some infrastructure systems, it has received less attention in food-trade networks. Here, we develop a forward shock-propagation model to quantify how trade flows are redistributed under a range of shock scenarios and assess the food-security outcomes by comparing changes in national fish supplies to indices of each country’s nutritional fish dependency. Shock propagation and distribution among regions are modeled on a network of historical bilateral seafood trade data from UN Comtrade using 205 reporting territories grouped into 18 regions. In our model exposure to shocks increases with total imports and the number of import partners. We find that Central and West Africa are the most vulnerable to shocks, with their vulnerability increasing when a willingness-to-pay proxy is included. These findings suggest that countries can reduce their overall vulnerability to shocks by reducing reliance on imports and diversifying food sources. As international seafood trade grows, identifying these types of potential risks and vulnerabilities is important to build a more resilient food system.

Relationship between Energy Consumption and Real Gross Domestic Production in Turkey: A Co-integration Analysis with Structural Breaks

OpenAIRE

Umit, A. Oznur; Bulut, Elif

2015-01-01

Energy is one of the most fundamental requirements for a sustainable economy in many of the emerging countries. Being one of these emerging countries, Turkey has inadequate energy sources and this increases its foreign source dependency for energy. Likewise, experiencing negative energy shocks decreases the economic growth rate. Analyzing the relationship between energy consumption and economic growth by taking into account the structural changes caused by internal shocks and external shocks...

Characteristics of coronal shock waves and solar type 2 radio bursts

Science.gov (United States)

Mann, G.; Classen, H.-T.

1995-01-01

In the solar corona shock waves generated by flares and/or coronal mass ejections can be observed by radio astronomical methods in terms of solar type 2 radio bursts. In dynamic radio spectra they appear as emission stripes slowly drifting from high to low frequencies. A sample of 25 solar type 2 radio bursts observed in the range of 40 - 170 MHz with a time resolution of 0.1 s by the new radiospectrograph of the Astrophvsikalisches Institut Potsdam in Tremsdorf is statistically investigated concerning their spectral features, i.e, drift rate, instantaneous bandwidth, and fundamental harmonic ratio. In-situ plasma wave measurements at interplanetary shocks provide the assumption that type 2 radio radiation is emitted in the vicinity of the transition region of shock waves. Thus, the instantaneous bandwidth of a solar type 2 radio burst would reflect the density jump across the associated shock wave. Comparing the inspection of the Rankine-Hugoniot relations of shock waves under coronal circumstances with those obtained from the observational study, solar type 2 radio bursts should be regarded to be generated by weak supercritical, quasi-parallel, fast magnetosonic shock waves in the corona.

The economic impact of the Troubled Assets Relief Programme ...

African Journals Online (AJOL)

Through TARP funds, the US government buys illiquid mortgage-backed ... of ensuring financial stability in the United States, there are also groups that are ..... macro-economic, market and liquidity risks), financial instability will increase.

From Gender as Exogenous to Gender as Endogenous in the New Economics

NARCIS (Netherlands)

I.P. van Staveren (Irene)

2011-01-01

textabstractThis chapter argues that gender is endogenous to the economic process. It demonstrates a two-way relationship between the economy and gender relations, and emphasizes the macro level. It demonstrates that inequality in gender relations can have a negative effect on economic policy and

Online social activity reflects economic status

Science.gov (United States)

Liu, Jin-Hu; Wang, Jun; Shao, Junming; Zhou, Tao

2016-09-01

To characterize economic development and diagnose the economic health condition, several popular indices such as gross domestic product (GDP), industrial structure and income growth are widely applied. However, computing these indices based on traditional economic census is usually costly and resources consuming, and more importantly, following a long time delay. In this paper, we analyzed nearly 200 million users' activities for four consecutive years in the largest social network (Sina Microblog) in China, aiming at exploring latent relationships between the online social activities and local economic status. Results indicate that online social activity has a strong correlation with local economic development and industrial structure, and more interestingly, allows revealing the macro-economic structure instantaneously with nearly no cost. Beyond, this work also provides a new venue to identify risky signal in local economic structure.

Dynamic Resource Partitioning for Downlink Femto-to-Macro-Cell Interference Avoidance

Directory of Open Access Journals (Sweden)

Zubin Bharucha

2010-01-01

Full Text Available Femto-cells consist of user-deployed Home Evolved NodeBs (HeNBs that promise substantial gains in system spectral efficiency, coverage, and data rates due to an enhanced reuse of radio resources. However, reusing radio resources in an uncoordinated, random fashion introduces potentially destructive interference to the system, both, in the femto and macro layers. An especially critical scenario is a closed-access femto-cell, cochannel deployed with a macro-cell, which imposes strong downlink interference to nearby macro user equipments (UEs that are not permitted to hand over to the femto-cell. In order to maintain reliable service of macro-cells, it is imperative to mitigate the destructive femto-cell to macro-cell interference. The contribution in this paper focuses on mitigating downlink femto-cell to macro-cell interference through dynamic resource partitioning, in the way that HeNBs are denied access to downlink resources that are assigned to macro UEs in their vicinity. By doing so, interference to the most vulnerable macro UEs is effectively controlled at the expense of a modest degradation in femto-cell capacity. The necessary signaling is conveyed through downlink high interference indicator (DL-HII messages over the wired backbone. Extensive system level simulations demonstrate that by using resource partitioning, for a sacrifice of 4% of overall femto downlink capacity, macro UEs exposed to high HeNB interference experience a tenfold boost in capacity.

Intake of macro- and micronutrients in Danish vegans

DEFF Research Database (Denmark)

Kristensen, Nadja B; Madsen, Mia L; H Hansen, Tue

2015-01-01

Since information about macro- and micronutrient intake among vegans is limited we aimed to determine and evaluate their dietary and supplementary intake. Seventy 18-61 years old Danish vegans completed a four-day weighed food record from which their daily intake of macro- and micronutrients was ...

The economy as a complex spatial system macro, meso and micro perspectives

CERN Document Server

Kubin, Ingrid; Bougheas, Spiros; Kirman, Alan; Kopel, Michael; Bischi, Gian

2018-01-01

This book is open access under a CC BY-NC 4.0 license. This collected volume represents the final outcome of the COST Action IS1104 “The EU in the new complex geography of economic systems: models, tools and policy evaluation”. Visualizing the EU as a complex and multi-layered network, the book is organized in three parts, each of them dealing with a different level of analysis: At the macro-level, Part I considers the interactions within large economic systems (regions or countries) involving trade, workers migration, and other factor movements. At the meso-level, Part II discusses interactions within specific but wide-ranging markets, with a focus on financial markets and banking systems. Lastly, at the micro-level, Part III explores the decision-making of single firms, especially in the context of location decisions.

SAS-macros for estimation and prediction in an model of the electricity consumption

DEFF Research Database (Denmark)

1998-01-01

SAS-macros for estimation and prediction in an model of the electricity consumption'' is a large collection of SAS-macros for handling a model of the electricity consumption in the Eastern Denmark. The macros are installed at Elkraft, Ballerup.......SAS-macros for estimation and prediction in an model of the electricity consumption'' is a large collection of SAS-macros for handling a model of the electricity consumption in the Eastern Denmark. The macros are installed at Elkraft, Ballerup....

ASSESSMENT OF RIVER WATER QUALITY USING MACRO-INVERTEBRATES AS INDICATORS: A CASE STUDY OF BHALU KHOLA TRIBUTARY, BUDHIGANDAKI RIVER, GORKHA, NEPAL

Directory of Open Access Journals (Sweden)

Anju Rana

2015-08-01

Full Text Available  Macroinvertebrates are widely considered as indicators of water quality. The present research work was conducted in Bhalu khola, a tributary of Budhigandaki River, Nepal, to identify water quality using macro invertebrates with Nepalese Biotic Score (NEPBIOS, and examine its applicability by comparing with Water Quality Index (WQI.The diversity of macro invertebrates in the studied river was high as depicted by Shannon Wiener Diversity Index. Altogether, 103 macro invertebrates were identified from 11 families and five orders. There were no dominant species, and most of the species were in clumped distribution. According to NEPBIOS index, river water was found to comply with the characteristics of WQ class I-II that means water quality of the river was good. Other indices such as Hilsenhoff and Lincoln quality index (LQI index also supported this result. Similarly, water quality index (WQI also showed similarity with NEPBIOS index, indicating water appropriate for drinking purpose. Thus, it is concluded that the macro invertebrates can be used as economic tools for determining water quality of streams and rivers as efficient water quality indicators.International Journal of Environment Volume-4, Issue-3, June-August 2015Page: 55-68

Scaling up: Assessing social impacts at the macro-scale

International Nuclear Information System (INIS)

Schirmer, Jacki

2011-01-01

Social impacts occur at various scales, from the micro-scale of the individual to the macro-scale of the community. Identifying the macro-scale social changes that results from an impacting event is a common goal of social impact assessment (SIA), but is challenging as multiple factors simultaneously influence social trends at any given time, and there are usually only a small number of cases available for examination. While some methods have been proposed for establishing the contribution of an impacting event to macro-scale social change, they remain relatively untested. This paper critically reviews methods recommended to assess macro-scale social impacts, and proposes and demonstrates a new approach. The 'scaling up' method involves developing a chain of logic linking change at the individual/site scale to the community scale. It enables a more problematised assessment of the likely contribution of an impacting event to macro-scale social change than previous approaches. The use of this approach in a recent study of change in dairy farming in south east Australia is described.

Oil: a shock without any visible trauma

International Nuclear Information System (INIS)

Rifflart, Christine

2005-10-01

Since the beginning of the 2000's, crude oil price has increased by more than 250 %. Contrary to the 1973 and 1979 shocks, the world economic growth does not look to have been so much affected by the present shock - it is above 4 % a year for three years - and the inflation is still moderated, even in the US despite of a higher economic perform than in Euro Area. Nevertheless, the oil prices have strongly risen. So, to compensate the relative decrease of their real income, households are attempted to get further into debt. The enterprises urge to push labour costs down to neutralize the increase of the inputs prices and be competitive. In the meantime, oil exporting countries receive a huge amount of liquidities that they use to import and reinvest in the international and regional financial markets, contributing to the low long term interest rates. Initially published in: 'Revue de l'OFCE', No.95, P. 159-173

Asymmetric impacts of international energy shocks on macroeconomic activities

International Nuclear Information System (INIS)

Yeh, Fang-Yu; Hu, Jin-Li; Lin, Cheng-Hsun

2012-01-01

While limited by its scarcity of natural resources, the impacts of energy price changes on Taiwan's economic activities have been an important issue for social public and government authorities. This study applies the multivariate threshold model to investigate the effects of various international energy price shocks on Taiwan's macroeconomic activity. By separating energy price changes into the so-called decrease and increase regimes, we can realize different impacts of energy price changes and their shocks on economic output. The results confirm that there is an asymmetric threshold effect for the energy-output nexus. The optimal threshold levels are exactly where the oil price change is at 2.48%, the natural gas price change is at 0.66%, and the coal price change is at 0.25%. The impulse response analysis suggests that oil price and natural gas shocks have a delayed negative impact on macroeconomic activities. - Highlights: ► This study applies multivariate threshold model to investigate the effects of various international energy price shocks on Taiwan's macroeconomic activity. ► The results confirm that there is an asymmetric threshold effect for energy-output nexus. ► The optimal threshold levels are exactly found where oil price change is at 2.48%, natural gas price change is at 0.66%, and coal price change is at 0.25%.

Economic Impact Analyses of Interdisciplinary Multi-hazard Scenarios: ShakeOut and ARkStorm

Science.gov (United States)

Wein, A. M.; Rose, A.; Sue Wing, I.; Wei, D.

2011-12-01

U. S. Geological Survey (USGS) scientists are using an interdisciplinary strategy to develop and analyze multi-hazard scenarios to help communities enhance resilience to natural hazard disasters. Two such scenarios are the southern California ShakeOut earthquake and the California ARkStorm winter storm. Both scenarios are multi-hazard: Shakeout ground motions trigger landslides and liquefaction and ARkStorm involves wind, flood, landslide, and coastal hazards. A collaborative scenario-process engages partners and stakeholders throughout the development and use of the scenarios, In doing so, community resilience is enhanced by educating communities about hazards and hazard interdependencies, building networks from scientists to decision makers, exercising emergency management strategies, identifying emergency management issues, and motivating solutions prior to an event. In addition, interdisciplinary scenarios stimulate research on the various steps of analysis (e.g., natural hazard processes, physical damages, societal consequences, and policy connections). In particular, USGS scientists have collaborated with economists to advance methods to estimate the economic impacts (business interruption losses) of disasters. Our economic impact analyses evolved from the economic module in the Federal Emergency Management Agency's loss-estimation tool, HAZUS-MH, to a more encompassing input-output analysis for ShakeOut, to a more sophisticated Computable General Equilibrium model for ARkStorm. The analyses depend on physical damage and restoration time estimates from engineers and geographic analyses of economic assets in hazard zones. Economic resilience strategies are incorporated to represent resourcefulness and ingenuity that avoids potential losses during and after an event. Such strategies operate at three levels of the economy: micro (e.g., ability to catch up on lost production time), meso (e.g., coordination within a sector to share resources), and macro (e

Employment status and mental health care use in times of economic contraction: a repeated cross-sectional study in Europe, using a three-level model.

Science.gov (United States)

Buffel, Veerle; van de Straat, Vera; Bracke, Piet

2015-03-11

Framed within the recent economic crisis, in this study we investigate the medical mental health care use of the unemployed compared with that of the employed in Europe, and whether the relationship between employment status and mental health care use varies across macro-economic conditions. We examine whether the macro-economic context and changes therein are related to mental health care use, via their impact on mental health, or more directly, irrespective of mental health. We use data from three waves of the Eurobarometer (2002, 2005/2006, and 2010), which has a repeated cross-sectional and cross-national design. Linear and logistic multilevel regression analyses are performed with mental health, contacting a general practitioner, and contacting a psychiatrist for mental health problems as dependent variables. The multilevel design has three levels (the individual, the period-country, and the country), which allows us to estimate both longitudinal and cross-sectional macro-effects. The macro-economic context and changes therein are assessed using national unemployment rates and growth rates in Gross Domestic Product (GDP). The mean unemployment rate is negatively related to mental health, although for women, this effect only applies to the employed. Among women, no relationship is found between changes in the macro-economic context and mental health. The unemployment rate, and changes in both the unemployment rate and the real GDP growth rate, are associated with men's care use, regardless of their mental health, whereas this does not hold for women. In countries with an increase in the unemployment rate, both unemployed and employed men tend to medicalize their problems more by contacting a general practitioner, irrespective of their mental health, while the likelihood of contacting a psychiatrist is lower among employed men. Our findings stress the importance of taking the macro-economic context and changes therein into account when studying the mental health

Macro Data Analysis of Traffic Accidents in Indonesia

Directory of Open Access Journals (Sweden)

Annisa Jusuf

2017-04-01

Full Text Available This paper presents a macro data analysis of Indonesian road accidents in the form of statistical data. Traffic accidents and their subsequent fatalities bring enormous social and economic consequences. A good understanding of the problem is expected to initiate major action toward the improvement of road and vehicle safety. One important milestone is the collection and analysis of road accident data. The results from this study portray the ‘tangled threads’ problem of traffic in Indonesia. The population number and number of vehicles have increased steadily, as has been accurately predicted by experts. Meanwhile, there is not enough infrastructure growth. Motorcycles are the main contributor to traffic accidents and fatalities due to their popularity as an effective vehicle to jump traffic jams. The ‘tangled threads’ need an extremely creative and comprehensive solution.

Evaluation of vitrification factors from DWPF's macro-batch 1

International Nuclear Information System (INIS)

Edwards, T.B.

2000-01-01

The Defense Waste Processing Facility (DWPF) is evaluating new sampling and analytical methods that may be used to support future Slurry Mix Evaporator (SME) batch acceptability decisions. This report uses data acquired during DWPF's processing of macro-batch 1 to determine a set of vitrification factors covering several SME and Melter Feed Tank (MFT) batches. Such values are needed for converting the cation measurements derived from the new methods to a ''glass'' basis. The available data from macro-batch 1 were used to examine the stability of these vitrification factors, to estimate their uncertainty over the course of a macro-batch, and to provide a recommendation on the use of a single factor for an entire macro-batch. The report is in response to Technical Task Request HLW/DWPF/TTR-980015

Does energy efficiency improve technological change and economic growth in developing countries?

International Nuclear Information System (INIS)

Cantore, Nicola; Calì, Massimiliano; Velde, Dirk Willem te

2016-01-01

Does a trade-off exist between energy efficiency and economic growth? This question underlies some of the tensions between economic and environmental policies, especially in developing countries that often need to expand their industrial base to grow. This paper contributes to the debate by analyzing the relationship between energy efficiency and economic performance at the micro- (total factor productivity) and macro-level (countries' economic growth). It uses data on a large sample of manufacturing firms across 29 developing countries to find that lower levels of energy intensity are associated with higher total factor productivity for the majority of these countries. The results are robust to a variety of checks. Suggestive cross-country evidence points towards the same relation measured at the macro-level as well. - Highlights: •Total factor productivity is an accurate proxy of technological change. •Energy efficiency triggers total factor productivity especially in manufacturing. •Technological change via energy efficiency in manufacturing is an engine of growth.

Technology strategy as macro-actor

DEFF Research Database (Denmark)

Tryggestad, Kjell

2003-01-01

-human entities to the explanatory repertoire of strategy research, another line of inquiry is pursued. The performative perspective thus proposed, is inspired by the classical work of Von Clausewitz and the recent anthropology of science, technology and organizational identities. In the proposed perspective...... case account for how the strategic technology and the strategic collective emerge and co-produce each other as a macro-actor, only to become transformed in unexpected ways - as common technology and reflective human subjects.In the concluding section, it is argued that the humanity of the reflective...... outcomes, as providers of explanations and observations. The expression `technological strategy as macro-actor' summarizes these findings and the associated implications for research and practice....

Macro-institutional Complexity in Logistics

DEFF Research Database (Denmark)

Wessel, Frederic; Kinra, Aseem; Kotzab, Herbert

2016-01-01

structure and transactional costs, the concept of environmental complexity is applied to the logistics management perspective. Thereby, the impacts which a given framework on a macro-institutional level might have on the situation and leeway in decision-making at the firm (micro) or the supply chain (meso......In this paper, the interlink between the concept of macro-institutional complexity in logistics and the dynamics in the logistics practice of Eastern Europe will be examined. Referring to the importance of different authors having ascribed to the external environmental uncertainty on organizational......) levels will be analysed. Furthermore, a quantitative modelling approach will be presented and exemplified by using the case of logistics infrastructure in Eastern Europe....

The economical impact of a nuclear renunciation in France

International Nuclear Information System (INIS)

Carnot, N.; Gallon, St.

2001-11-01

French nuclear plants will have to be shut down in the 2020's. Electricite De France (EDF) could replace them by either nuclear or gas-fired plants. Choosing the latter would lead to an increase in Green House Gases (GHG) emissions and to a rise of EDF's generation costs. In 2020, the price of electricity in Europe will be determined by a competitive market. Therefore, a rise of EDF's generation costs will mainly depress its operating profit (and slightly increase the market's price). Giving up nuclear power in 2020 would consequently lead to a fall of EDF's value for its shareholders. On a macro-economic scale, the shock on the production cost of electricity would lead to a 0,5 to 1,0 percentage point drop of GDP (depending on the hypotheses). Structural unemployment would rise by 0,3 to 0,6 percentage point. The model used to find these results does not take into account the risk of nuclear accidents nor the uncertainty on the costs of nuclear waste disposal. On the other hand, gas-price is assumed to be low, and the costs of gas-fired generation do not integrate the risk premium due to gas price volatility. In conclusion, the best choice on both micro and macro scales, consists in extending the life of current nuclear plants (if such an extension is authorised by safety regulators). These plants would be financially amortized, produce electricity at a very competitive cost and emit no GHG. Furthermore, extending the life of current nuclear plants will defer any irreversible commitment on their replacement. The necessary decision could therefore be taken later on, with more information on the cost of alternative generation technologies and their efficiency. (authors)

Towards a proper assignment of systemic risk: the combined roles of network topology and shock characteristics.

Science.gov (United States)

Loepfe, Lasse; Cabrales, Antonio; Sánchez, Angel

2013-01-01

The 2007-2008 financial crisis solidified the consensus among policymakers that a macro-prudential approach to regulation and supervision should be adopted. The currently preferred policy option is the regulation of capital requirements, with the main focus on combating procyclicality and on identifying the banks that have a high systemic importance, those that are "too big to fail". Here we argue that the concept of systemic risk should include the analysis of the system as a whole and we explore systematically the most important properties for policy purposes of networks topology on resistance to shocks. In a thorough study going from analytical models to empirical data, we show two sharp transitions from safe to risky regimes: 1) diversification becomes harmful with just a small fraction (~2%) of the shocks sampled from a fat tailed shock distributions and 2) when large shocks are present a critical link density exists where an effective giant cluster forms and most firms become vulnerable. This threshold depends on the network topology, especially on modularity. Firm size heterogeneity has important but diverse effects that are heavily dependent on shock characteristics. Similarly, degree heterogeneity increases vulnerability only when shocks are directed at the most connected firms. Furthermore, by studying the structure of the core of the transnational corporation network from real data, we show that its stability could be clearly increased by removing some of the links with highest centrality betweenness. Our results provide a novel insight and arguments for policy makers to focus surveillance on the connections between firms, in addition to capital requirements directed at the nodes.

The broader economic impact of vaccination: reviewing and appraising the strength of evidence.

Science.gov (United States)

Jit, Mark; Hutubessy, Raymond; Png, May Ee; Sundaram, Neisha; Audimulam, Jananie; Salim, Safiyah; Yoong, Joanne

2015-09-03

Microeconomic evaluations of public health programmes such as immunisation typically only consider direct health benefits and medical cost savings. Broader economic benefits around childhood development, household behaviour, and macro-economic indicators are increasingly important, but the evidence linking immunization to such benefits is unclear. A conceptual framework of pathways between immunisation and its proposed broader economic benefits was developed through expert consultation. Relevant articles were obtained from previous reviews, snowballing, and expert consultation. Articles were associated with one of the pathways and quality assessed using modified Grading of Recommendations Assessment, Development, and Evaluation (GRADE) criteria. We found 20 studies directly relevant to one or more pathways. Evidence of moderate quality from experimental and observational studies was found for benefits due to immunisation in improved childhood physical development, educational outcomes, and equity in distribution of health gains. Only modelling evidence or evidence outside the immunization field supports extrapolating these benefits to household economic behaviour and macro-economic indicators. Innovative use of experimental and observational study designs is needed to fill evidence gaps around key pathways between immunisation and many of its proposed economic benefits.

Population growth and economic growth.

Science.gov (United States)

Narayana, D L

1984-01-01

This discussion of the issues relating to the problem posed by population explosion in the developing countries and economic growth in the contemporary world covers the following: predictions of economic and social trends; the Malthusian theory of population; the classical or stationary theory of population; the medical triage model; ecological disaster; the Global 2000 study; the limits to growth; critiques of the Limits to Growth model; nonrenewable resources; food and agriculture; population explosion and stabilization; space and ocean colonization; and the limits perspective. The Limits to Growth model, a general equilibrium anti-growth model, is the gloomiest economic model ever constructed. None of the doomsday models, the Malthusian theory, the classical stationary state, the neo-Malthusian medical triage model, the Global 2000 study, are so far reaching in their consequences. The course of events that followed the publication of the "Limits to Growth" in 1972 in the form of 2 oil shocks, food shock, pollution shock, and price shock seemed to bear out formally the gloomy predictions of the thesis with a remarkable speed. The 12 years of economic experience and the knowledge of resource trends postulate that even if the economic pressures visualized by the model are at work they are neither far reaching nor so drastic. Appropriate action can solve them. There are several limitations to the Limits to Growth model. The central theme of the model, which is overshoot and collapse, is unlikely to be the course of events. The model is too aggregative to be realistic. It exaggerates the ecological disaster arising out of the exponential growth of population and industry. The gross underestimation of renewable resources is a basic flaw of the model. The most critical weakness of the model is its gross underestimation of the historical trend of technological progress and the technological possiblities within industry and agriculture. The model does correctly emphasize

Dietary β-glucan (MacroGard®) enhances survival of first feeding turbot (Scophthalmus maximus) larvae by altering immunity, metabolism and microbiota.

Science.gov (United States)

Miest, Joanna J; Arndt, Carmen; Adamek, Mikolaj; Steinhagen, Dieter; Reusch, Thorsten B H

2016-01-01

Reflecting the natural biology of mass spawning fish aquaculture production of fish larvae is often hampered by high and unpredictable mortality rates. The present study aimed to enhance larval performance and immunity via the oral administration of an immunomodulator, β-glucan (MacroGard(®)) in turbot (Scophthalmus maximus). Rotifers (Brachionus plicatilis) were incubated with or without yeast β-1,3/1,6-glucan in form of MacroGard(®) at a concentration of 0.5 g/L. Rotifers were fed to first feeding turbot larvae once a day. From day 13 dph onwards all tanks were additionally fed untreated Artemia sp. nauplii (1 nauplius ml/L). Daily mortality was monitored and larvae were sampled at 11 and 24 dph for expression of 30 genes, microbiota analysis, trypsin activity and size measurements. Along with the feeding of β-glucan daily mortality was significantly reduced by ca. 15% and an alteration of the larval microbiota was observed. At 11 dph gene expression of trypsin and chymotrypsin was elevated in the MacroGard(®) fed fish, which resulted in heightened tryptic enzyme activity. No effect on genes encoding antioxidative proteins was observed, whilst the immune response was clearly modulated by β-glucan. At 11 dph complement component c3 was elevated whilst cytokines, antimicrobial peptides, toll like receptor 3 and heat shock protein 70 were not affected. At the later time point (24 dph) an anti-inflammatory effect in form of a down-regulation of hsp 70, tnf-α and il-1β was observed. We conclude that the administration of MacroGard(®) induced an immunomodulatory response and could be used as an effective measure to increase survival in rearing of turbot. Copyright © 2015 Elsevier Ltd. All rights reserved.

Relativistic shock waves and the excitation of plerions

Energy Technology Data Exchange (ETDEWEB)

Arons, J. (California Univ., Berkeley, CA (USA)); Gallant, Y.A. (California Univ., Berkeley, CA (USA). Dept. of Physics); Hoshino, Masahiro; Max, C.E. (California Univ., Livermore, CA (USA). Inst. of Geophysics and Planetary Physics); Langdon, A.B. (Lawrence Livermore National Lab., CA (USA))

1991-01-07

The shock termination of a relativistic magnetohydrodynamic wind from a pulsar is the most interesting and viable model for the excitation of the synchrotron sources observed in plerionic supernova remnants. We have studied the structure of relativistic magnetosonic shock waves in plasmas composed purely of electrons and positrons, as well as those whose composition includes heavy ions as a minority constituent by number. We find that relativistic shocks in symmetric pair plasmas create fully thermalized distributions of particles and fields downstream. Therefore, such shocks are not good candidates for the mechanism which converts rotational energy lost from a pulsar into the nonthermal synchrotron emission observed in plerions. However, when the upstream wind contains heavy ions which are minority constituent by number density, but carry the bulk of the energy density, much of the energy of the shock goes into a downstream, nonthermal power law distribution of positrons with energy distribution N(E)dE {proportional to}E{sup {minus}s}. In a specific model presented in some detail, s = 3. These characteristics are close to those assumed for the pairs in macroscopic MHD wind models of plerion excitation. The essential mechanism is collective synchrotron emission of left-handed extraordinary modes by the ions in the shock front at high harmonics of the ion cyclotron frequency, with the downstream positrons preferentially absorbing almost all of this radiation, mostly at their fundamental (relativistic) cyclotron frequencies. Possible applications to models of plerions and to constraints on theories of energy loss from pulsars are briefly outlines. 27 refs., 5 figs.

ECONOMICS OF ALEXANDER THE GREAT (15 vols + 4 cdroms) by Gregory Zorzos

OpenAIRE

Gregory Zorzos

2002-01-01

Research contains many ancient texts (Ancient Greek, Hebrews, Hieroglyphs, Assyrian, Sumerian, Babylonian, Latin, etc.). 1. (MICRO-MACRO ECONOMICS OF ALEXANDER THE GREAT (5 vols + cdrom). Microeconomics and macroeconomics of Alexander the Great. Economic theories, feasibilities, economic plannings, general description of the campaign's business plan etc. 2. BANKS OF ALEXANDER THE GREAT (2 vols + cdrom) Describes banking system, economists, financiers, investors, accountants, bookkeepers, etc,...

Shock Waves Science and Technology Library

CERN Document Server

2012-01-01

This book, as a volume of the Shock Wave Science and Technology Reference Library, is primarily concerned with the fundamental theory of detonation physics in gaseous and condensed phase reactive media. The detonation process involves complex chemical reaction and fluid dynamics, accompanied by intricate effects of heat, light, electricity and magnetism - a contemporary research field that has found wide applications in propulsion and power, hazard prevention as well as military engineering. The seven extensive chapters contained in this volume are: - Chemical Equilibrium Detonation (S. Bastea and LE Fried) - Steady One-Dimensional Detonations (A Higgins) - Detonation Instability (HD Ng and F Zhang) - Dynamic Parameters of Detonation (AA Vasiliev) - Multi-Scaled Cellular Detonation (D Desbordes and HN Presles) - Condensed Matter Detonation: Theory and Practice (C Tarver) - Theory of Detonation Shock Dynamics (JB Bdzil and DS Stewart) The chapters are thematically interrelated in a systematic descriptive appro...

Multi-scale-nonlinear interactions among macro-MHD mode, micro-turbulence, and zonal flow

International Nuclear Information System (INIS)

Ishizawa, Akihiro; Nakajima, Noriyoshi

2007-01-01

This is the first numerical simulation demonstrating that macro-magnetohydrodynamic (macro-MHD) mode is exited as a result of multi-scale interaction in a quasi-steady equilibrium formed by a balance between zonal flow and micro-turbulence via reduced-two-fluid simulation. Only after obtaining the equilibrium which includes zonal flow and the turbulence caused by kinetic ballooning mode is this simulation of macro-MHD mode, double tearing mode, accomplished. In the quasi-steady equilibrium a macro-fluctuation which has the same helicity as that of double tearing mode is a part of the turbulence until it grows as a macro-MHD mode finally. When the macro-MHD grows it effectively utilize free energy of equilibrium current density gradient because of positive feedback loop between suppression of zonal flow and growth of the macro-fluctuation causing magnetic reconnection. Thus once the macro-MHD grows from the quasi-equilibrium, it does not go back. This simulation is more comparable with experimental observation of growing macro-fluctuation than traditional MHD simulation of linear instabilities in a static equilibrium. (author)

Macro-Micro Simulation for Polymer Crystallization in Couette Flow

Directory of Open Access Journals (Sweden)

Chunlei Ruan

2017-12-01

Full Text Available Polymer crystallization in manufacturing is a process where quiescent crystallization and flow-induced crystallization coexists, and heat/mass transfer on a macroscopic level interacts with crystal morphology evolution on a microscopic level. Previous numerical studies on polymer crystallization are mostly concentrated at a single scale; they only calculate macroscale parameters, e.g., temperature and relative crystallinity, or they only predict microstructure details, e.g., crystal morphology and mean size of crystals. The multi-scale numerical works that overcome these disadvantages are unfortunately based on quiescent crystallization, in which flow effects are neglected. The objective of this work is to build up a macro-micro model and a macro-micro algorithm to consider both the thermal and flow effects on the crystallization. Our macro-micro model couples two parts: mass and heat transfer of polymeric flow at the macroscopic level, and nucleation and growth of spherulites and shish-kebabs at the microscopic level. Our macro-micro algorithm is a hybrid finite volume/Monte Carlo method, in which the finite volume method is used at the macroscopic level to calculate the flow and temperature fields, while the Monte Carlo method is used at the microscopic level to capture the development of spherulites and shish-kebabs. The macro-micro model and the macro-micro algorithm are applied to simulate polymer crystallization in Couette flow. The effects of shear rate, shear time, and wall temperature on the crystal morphology and crystallization kinetics are also discussed.

Pharmaceutical priority setting and the use of health economic evaluations: a systematic literature review.

Science.gov (United States)

Erntoft, Sandra

2011-06-01

To investigate which factors and criteria are used in priority setting of pharmaceuticals, in what contexts health economic evaluations are used, and barriers to the use of health economic evaluations at micro, meso, and macro health-care levels. The search for empirical articles was based on the MeSH index (Medical Substance Heading), including the search terms "economic evaluation," "cost-effectiveness analysis," "cost-utility analysis," "cost-benefit analysis," "pharmacoeconomic," AND "drug cost(s)," AND "eligibility determination," AND "decision-making," AND "rationing," AND formulary. The following databases were searched: PubMed, EconLit, Cochrane, Web of Science, CINAHL, and PsycINFO. More than 3100 studies were identified, 31 of which were included in this review. The use of health economic evaluations at all three health-care levels was investigated in three countries (United States [US], United Kingdom [UK], and Sweden). Postal and telephone survey methods dominated (n = 17) followed by interviews (n = 13), document analysis (n = 10), and observations of group deliberations (n = 9). The cost-effectiveness criterion was most important at the macro level. A number of contextual uses of health economic evaluations were identified, including importantly the legitimizing of decisions, structuring the priority-setting process, and requesting additional budgets to finance expensive pharmaceuticals. Factors that seem to support the increased use of health economic evaluations are well-developed frameworks for evaluations, the presence of health economic skills, and an explicit priority-setting process. Differences in how economic evaluations are used at macro, meso, and micro levels are attributed to differences in the preconditions at each level. Copyright © 2011 International Society for Pharmacoeconomics and Outcomes Research (ISPOR). Published by Elsevier Inc. All rights reserved.

Geometrical shock dynamics for magnetohydrodynamic fast shocks

KAUST Repository

Mostert, W.; Pullin, D. I.; Samtaney, Ravi; Wheatley, V.

2016-01-01

We describe a formulation of two-dimensional geometrical shock dynamics (GSD) suitable for ideal magnetohydrodynamic (MHD) fast shocks under magnetic fields of general strength and orientation. The resulting area–Mach-number–shock-angle relation is then incorporated into a numerical method using pseudospectral differentiation. The MHD-GSD model is verified by comparison with results from nonlinear finite-volume solution of the complete ideal MHD equations applied to a shock implosion flow in the presence of an oblique and spatially varying magnetic field ahead of the shock. Results from application of the MHD-GSD equations to the stability of fast MHD shocks in two dimensions are presented. It is shown that the time to formation of triple points for both perturbed MHD and gas-dynamic shocks increases as (Formula presented.), where (Formula presented.) is a measure of the initial Mach-number perturbation. Symmetry breaking in the MHD case is demonstrated. In cylindrical converging geometry, in the presence of an azimuthal field produced by a line current, the MHD shock behaves in the mean as in Pullin et al. (Phys. Fluids, vol. 26, 2014, 097103), but suffers a greater relative pressure fluctuation along the shock than the gas-dynamic shock. © 2016 Cambridge University Press

Geometrical shock dynamics for magnetohydrodynamic fast shocks

KAUST Repository

Mostert, W.

2016-12-12

We describe a formulation of two-dimensional geometrical shock dynamics (GSD) suitable for ideal magnetohydrodynamic (MHD) fast shocks under magnetic fields of general strength and orientation. The resulting area–Mach-number–shock-angle relation is then incorporated into a numerical method using pseudospectral differentiation. The MHD-GSD model is verified by comparison with results from nonlinear finite-volume solution of the complete ideal MHD equations applied to a shock implosion flow in the presence of an oblique and spatially varying magnetic field ahead of the shock. Results from application of the MHD-GSD equations to the stability of fast MHD shocks in two dimensions are presented. It is shown that the time to formation of triple points for both perturbed MHD and gas-dynamic shocks increases as (Formula presented.), where (Formula presented.) is a measure of the initial Mach-number perturbation. Symmetry breaking in the MHD case is demonstrated. In cylindrical converging geometry, in the presence of an azimuthal field produced by a line current, the MHD shock behaves in the mean as in Pullin et al. (Phys. Fluids, vol. 26, 2014, 097103), but suffers a greater relative pressure fluctuation along the shock than the gas-dynamic shock. © 2016 Cambridge University Press

Impact of macro-level socio-economic factors on rising suicide rates in South Korea: panel-data analysis in East Asia.

Science.gov (United States)

Hong, Jihyung; Knapp, Martin

2014-12-01

The rapid increase in suicide rates in South Korea, particularly in the aftermath of the Asian economic crisis in the late 1990s, compares with the declining suicide rates observed in most other OECD countries over the same period. This study aimed to examine an array of macro-level societal factors that might have contributed to the rising suicide trend in South Korea. We first investigated whether this trend was unique to South Korea, or ubiquitous across five Asian countries/areas that are geographically and culturally similar (South Korea, Hong Kong, Japan, Singapore, and Taiwan), using WHO mortality data and national statistics (1980-2009). Age-standardised suicide rates (per 100,000 population) were calculated for each gender and age group (15-24, 25-44, 45-64, and 65+) for each country. Both panel data and country-specific time-series analyses were employed to investigate the impact of economic change and social integration/regulation on suicide. Despite similarities in geography and culture, the rising trend of suicide rates was unique to South Korea. This atypical trend was most apparent for people aged 65 and over, which was in sharp contrast to the decreasing suicide trends observed in the other four Asian countries. The results of the panel data analyses generally pointed to a negative relationship between economic growth and suicide rates, particularly for working-aged people. The results of the time-series analyses further suggested that low levels of social integration, as indicated by rising divorce rates, may also have a role in rising suicide rates in South Korea, particularly for older people. Furthermore, the association between suicide rates and economic adversity (unemployment and economic downturn) was most salient among middle-aged men in South Korea. Compared to four other East Asian countries/areas (Hong Kong, Japan, Singapore, and Taiwan), South Korea has uniquely experienced a rising trend of suicide rates over the past three decades

The integrated evaluation of the macro environment of companies providing transport services

Directory of Open Access Journals (Sweden)

A. Žvirblis

2008-09-01

Full Text Available The article presents the main principles of the integrated evaluation of macro environment components and factors influencing the performance of transport companies as well as providing the validated quantitative evaluation models and results obtained in evaluating the macro environment of Lithuanian companies providing transport services. Since quantitative evaluation is growing in importance, the process of developing the principles and methods of business macro environment quantitative evaluation is becoming relevant from both theoretical and practical perspectives. The created methodology is based on the concept of macro environment as an integrated whole of components, formalization and the principle of three-stage quantitative evaluation. The methodology suggested involves the quantitative evaluation of primary factors and macro environment components as an integral dimension (expressed in points. On the basis of this principle, an integrated macro environment evaluation parameter is established as its level index. The methodology integrates the identification of significant factors, building scenarios, a primary analysis of factors, expert evaluation, the quantitative evaluation of macro environment components and their whole. The application of the multi-criteria Simple Additive Weighting (SAW method is validated. The integrated evaluation of the macro environment of Lithuanian freight transportation companies was conducted. As a result, the level indices of all components as well as the level index of macro environment considered as a whole of components were identified. The latter reflects the extent of deviation from an average level of a favourable macro environment. This is important for developing strategic marketing decisions and expanding a strategic area.

Economic Exposure to Oil Price Shocks and the Fragility of Oil-Exporting Countries

Directory of Open Access Journals (Sweden)

Toon Vandyck

2018-04-01

Full Text Available From a price range between 100 and 120 USD (U.S. dollars per barrel in 2011–2014, the crude oil price fell from mid-2014 onwards, reaching a level of 26 USD per barrel in January 2016. Here we assess the economic consequences of this strong decrease in the oil price. A retrospective analysis based on data of the past 25 years sheds light on the vulnerability of oil-producing regions to the oil price volatility. Gross domestic product (GDP and government revenues in many Gulf countries exhibit a strong dependence on oil, while more diversified economies improve resilience to oil price shocks. The lack of a sovereign wealth fund, in combination with limited oil reserves, makes parts of Sub-Saharan Africa particularly vulnerable to sustained periods of low oil prices. Next, we estimate the macroeconomic impacts of a 60% oil price drop for all regions in the world. A numerical simulation yields a global GDP increase of roughly 1% and illustrates how the regional impact on GDP relates to oil export dependence. Finally, we reflect on the broader implications (such as migration flows of macroeconomic responses to oil prices and look ahead to the challenge of structural change in a world committed to limiting global warming.

Stability of organic molecules against shocks in the young Solar nebula

NARCIS (Netherlands)

Kamp, Inga; Milosavljevic, Milica; Stempels, E

2009-01-01

One of the fundamental astrobiology questions is how life has formed in our Solar System. In this context the formation and stability of abiotic organic molecules such as CH(4), formic acid and amino acids, is important for understanding how organic material has formed and survived shocks and

PERFORMANCE AND DEVELOPMENT LEVEL - COMPARATIVE ANALYSIS OF DISPARITIES AMONG REGIONS OF DEVELOPMENT AND MACRO-REGIONS IN ROMANIA

Directory of Open Access Journals (Sweden)

MARIA OŢIL

2015-03-01

Full Text Available The major challenge of the regional policies is to mitigate the social and economic disparities between different territories and regions. The immediate reality shows that this is a problem which is neither simple nor for short term. For Romania, which has large lags behind compared to the economically developed countries, the intense mobilization of internal and external factors of economic growth in order to reduce and eliminate disparities compared to other countries, is a definite necessity, a regularity resulting from regional and national interests in terms of its finality - the welfare of society. The economic crisis has increased regional disparities in the European Union countries, these especially affecting the countries which are less economically efficient. The present research aims at accomplishing a comparative analysis regarding disparities among regions of development and macro-regions of Romania in order to assess the performance of the productive sector, of the structural types of economies and of their level of development.

Analysis of the Economic Impact of Large-Scale Deployment of Biomass Resources for Energy and Materials in the Netherlands. Appendix 1. Bottom-up Scenarios

International Nuclear Information System (INIS)

Hoefnagels, R.; Dornburg, V.; Faaij, A.; Banse, M.

2009-03-01

The Bio-based Raw Materials Platform (PGG), part of the Energy Transition in The Netherlands, commissioned the Agricultural Economics Research Institute (LEI) and the Copernicus Institute of Utrecht University to conduct research on the macro-economic impact of large scale deployment of biomass for energy and materials in the Netherlands. Two model approaches were applied based on a consistent set of scenario assumptions: a bottom-up study including technoeconomic projections of fossil and bio-based conversion technologies and a topdown study including macro-economic modelling of (global) trade of biomass and fossil resources. The results of the top-down and bottom-up modelling work are reported separately. The results of the synthesis of the modelling work are presented in the main report. This report (part 1) presents scenarios for future biomass use for energy and materials, and analyses the consequences on energy supply, chemical productions, costs and greenhouse gas (GHG) emissions with a bottom-up approach. The bottom-up projections, as presented in this report, form the basis for modelling work using the top-down macro-economic model (LEITAP) to assess the economic impact of substituting fossil-based energy carriers with biomass in the Netherlands. The results of the macro-economic modelling work, and the linkage between the results of the bottom-up and top-down work, will be presented in the top-down economic part and synthesis report of this study

Macro-elementwise preconditioning methods

Czech Academy of Sciences Publication Activity Database

Axelsson, Owe

2012-01-01

Roč. 82, č. 10 (2012), s. 1952-1963 ISSN 0378-4754 Institutional research plan: CEZ:AV0Z30860518 Keywords : heterogeniety * elementwise preconditioning * block matrix partitioning * macro-elements Subject RIV: BA - General Mathematics Impact factor: 0.836, year: 2012 http://www.sciencedirect.com/science/journal/03784754

Ordered macro-microporous metal-organic framework single crystals

KAUST Repository

Shen, Kui

2018-01-16

We constructed highly oriented and ordered macropores within metal-organic framework (MOF) single crystals, opening up the area of three-dimensional-ordered macro-microporous materials (that is, materials containing both macro- and micropores) in single-crystalline form. Our methodology relies on the strong shaping effects of a polystyrene nanosphere monolith template and a double-solvent-induced heterogeneous nucleation approach. This process synergistically enabled the in situ growth of MOFs within ordered voids, rendering a single crystal with oriented and ordered macro-microporous structure. The improved mass diffusion properties of such hierarchical frameworks, together with their robust single-crystalline nature, endow them with superior catalytic activity and recyclability for bulky-molecule reactions, as compared with conventional, polycrystalline hollow, and disordered macroporous ZIF-8.

Ordered macro-microporous metal-organic framework single crystals

Science.gov (United States)

Shen, Kui; Zhang, Lei; Chen, Xiaodong; Liu, Lingmei; Zhang, Daliang; Han, Yu; Chen, Junying; Long, Jilan; Luque, Rafael; Li, Yingwei; Chen, Banglin

2018-01-01

We constructed highly oriented and ordered macropores within metal-organic framework (MOF) single crystals, opening up the area of three-dimensional–ordered macro-microporous materials (that is, materials containing both macro- and micropores) in single-crystalline form. Our methodology relies on the strong shaping effects of a polystyrene nanosphere monolith template and a double-solvent–induced heterogeneous nucleation approach. This process synergistically enabled the in situ growth of MOFs within ordered voids, rendering a single crystal with oriented and ordered macro-microporous structure. The improved mass diffusion properties of such hierarchical frameworks, together with their robust single-crystalline nature, endow them with superior catalytic activity and recyclability for bulky-molecule reactions, as compared with conventional, polycrystalline hollow, and disordered macroporous ZIF-8.

Ordered macro-microporous metal-organic framework single crystals

KAUST Repository

Shen, Kui; Zhang, Lei; Chen, Xiaodong; Liu, Lingmei; Zhang, Daliang; Han, Yu; Chen, Junying; Long, Jilan; Luque, Rafael; Li, Yingwei; Chen, Banglin

2018-01-01

We constructed highly oriented and ordered macropores within metal-organic framework (MOF) single crystals, opening up the area of three-dimensional-ordered macro-microporous materials (that is, materials containing both macro- and micropores) in single-crystalline form. Our methodology relies on the strong shaping effects of a polystyrene nanosphere monolith template and a double-solvent-induced heterogeneous nucleation approach. This process synergistically enabled the in situ growth of MOFs within ordered voids, rendering a single crystal with oriented and ordered macro-microporous structure. The improved mass diffusion properties of such hierarchical frameworks, together with their robust single-crystalline nature, endow them with superior catalytic activity and recyclability for bulky-molecule reactions, as compared with conventional, polycrystalline hollow, and disordered macroporous ZIF-8.

The economic impact of giving up nuclear power in France

International Nuclear Information System (INIS)

Carnot, N.; Gallon, St.

2001-01-01

French nuclear plants will have to be shut down in the 2020's. Electricite de France (EDF) could replace them by either nuclear or gas-fired plants. Choosing the latter would lead to an increase in Green House Gases (GHG) emissions and to a rise of EDF's generation costs. In 2020, the price of electricity in Europe will be determined by a competitive market. Therefore, a rise of EDF's generation costs will mainly depress its operating profit (and slightly increase the market's price). Giving up nuclear power in 2020 would consequently lead to a fall of EDF's value and would penalize its shareholders, the State. On a macro-economic scale, the shock on the production cost of electricity would lead to a 0,5 to 1,0 percentage point drop of GDP (depending on the hypotheses). Structural unemployment would rise by 0,3 to 0,6 percentage point. The model used to find these results does not take into account the risk of nuclear accidents nor the uncertainty on the costs of nuclear waste disposal. On the other hand, gas-price is assumed to be low, and the costs of gas-fired generation do not integrate the risk premium due to gas-price volatility. In conclusion, the best choice on both micro and macro scales, consists in extending the life of current nuclear plants (if such an extension is authorised by safety regulators). These plants would be financially-amortized, produce electricity at a very competitive cost and emit no GHG. Furthermore, extending the life of current nuclear plants will defer any irreversible commitment on their replacement. The necessary decision could therefore be taken later on, with more information on the cost of alternative generation technologies and their efficiency. (author)

Dissipation Mechanisms and Particle Acceleration at the Earth's Bow Shock

Science.gov (United States)

Desai, M. I.; Burch, J. L.; Broll, J. M.; Genestreti, K.; Torbert, R. B.; Ergun, R.; Wei, H.; Giles, B. L.; Russell, C. T.; Phan, T.; Chen, L. J.; Lai, H.; Wang, S.; Schwartz, S. J.; Allen, R. C.; Mauk, B.; Gingell, I.

2017-12-01

NASA's Magnetospheric Multiscale (MMS) mission has four spacecraft equipped with identical state-of-the-art instruments that acquire magnetic and electric field, plasma wave, and particle data at unprecedented temporal resolution to study the fundamental physics of magnetic reconnection in the Earth's magnetosphere. During Phase 1a, MMS also encountered and crossed the Earth's bow shock more than 300 times. We use burst data during 2 bow shock crossings to shed new light on key open questions regarding the formation, evolution, and dissipation mechanisms at collisionless shocks. Specifically, we focus on two events that exhibit clear differences in the ion and electron properties, the associated wave activity, and, therefore in the nature of the dissipation. In the case of a quasi-perpendicular, low beta shock crossing, we find that the dissipation processes are most likely associated with field-aligned electron beams that are coincident with high frequency electrostatic waves. On the other hand, the dissipation processes at an oblique, high beta shock crossing are largely governed by the quasi-static electric field and generation of magnetosonic whistler waves that result in perpendicular temperature anisotropy for the electrons. We also discuss the implications of these results for ion heating, reflection, and particle acceleration.

Trends in health complaints from 2002 to 2010 in 34 countries and their association with health behaviours and social context factors at individual and macro-level

DEFF Research Database (Denmark)

Ottová-Jordan, Veronika; Smith, Otto R F; Augustine, Lilly

2015-01-01

BACKGROUND: This article describes trends and stability over time in health complaints in adolescents from 2002 to 2010 and investigates associations between health complaints, behavioural and social contextual factors at individual level and economic factors at macro-level. METHODS: Comprising N...... at macro-level (e.g. GDP, Gini), as can be seen by the small effect sizes (less than 5% for different trends). Health complaints are fairly stable over time in most countries, and no clear international trend in health complaints can be observed between 2002 and 2010. The most prominent stable determinants...... were being female, being bullied, school pressure and smoking. CONCLUSION: Factors associated with health complaints are more related to the proximal environment than to distal macro-level factors. This points towards intensifying targeted interventions, (e.g. for bullying) and also targeting specific...

Predator-prey interactions as macro-scale drivers of species diversity in mammals

DEFF Research Database (Denmark)

Sandom, Christopher James; Sandel, Brody Steven; Dalby, Lars

Background/Question/Methods Understanding the importance of predator-prey interactions for species diversity is a central theme in ecology, with fundamental consequences for predicting the responses of ecosystems to land use and climate change. We assessed the relative support for different...... mechanistic drivers of mammal species richness at macro-scales for two trophic levels: predators and prey. To disentangle biotic (i.e. functional predator-prey interactions) from abiotic (i.e. environmental) and bottom-up from top-down determinants we considered three hypotheses: 1) environmental factors...... that determine ecosystem productivity drive prey and predator richness (the productivity hypothesis, abiotic, bottom-up), 2) consumer richness is driven by resource diversity (the resource diversity hypothesis, biotic, bottom-up) and 3) consumers drive richness of their prey (the top-down hypothesis, biotic, top...

The effect of health shocks on smoking and obesity.

Science.gov (United States)

Sundmacher, Leonie

2012-08-01

To investigate whether negative changes in their own health (i.e. health shocks) or in that of a smoking or obese household member, lead smokers to quit smoking and obese individuals to lose weight. The study is informed by economic models ('rational addiction' and 'demand for health' models) which offer hypotheses on the relationship between health shocks and health-related behaviour. Each hypothesis was tested applying a discrete-time hazard model with random effects using up to ten waves of the German Socioeconomic Panel (GSOEP) and statistics on cigarette, food and beverage prices provided by the Federal Statistical Office. Health shocks had a significant positive impact on the probability that smokers quit during the same year in which they experienced the health shock. Health shocks of a smoking household member between year t-2 and t-1 also motivated smoking cessation, although statistical evidence for this was weaker. Health shocks experienced by obese individuals or their household members had, on the other hand, no significant effect on weight loss, as measured by changes in Body Mass Index (BMI). The results of the study suggest that smokers are aware of the risks associated with tobacco consumption, know about effective strategies to quit smoking, and are willing to quit for health-related reasons. In contrast, there was no evidence for changes in health-related behaviour among obese individuals after a health shock.

USE OF THE SIMPLE LINEAR REGRESSION MODEL IN MACRO-ECONOMICAL ANALYSES

Directory of Open Access Journals (Sweden)

Constantin ANGHELACHE

2011-10-01

Full Text Available The article presents the fundamental aspects of the linear regression, as a toolbox which can be used in macroeconomic analyses. The article describes the estimation of the parameters, the statistical tests used, the homoscesasticity and heteroskedasticity. The use of econometrics instrument in macroeconomics is an important factor that guarantees the quality of the models, analyses, results and possible interpretation that can be drawn at this level.

Macro-Micro Interlocked Simulator

International Nuclear Information System (INIS)

Sato, Tetsuya

2005-01-01

Simulation Science is now standing on a turning point. After the appearance of the Earth Simulator, HEC is struggling with several severe difficulties due to the physical limit of LSI technologies and the so-called latency problem. In this paper I would like to propose one clever way to overcome these difficulties from the simulation algorithm viewpoint. Nature and artificial products are usually organized with several nearly autonomously working internal systems (organizations, or layers). The Earth Simulator has gifted us with a really useful scientific tool that can deal with the entire evolution of one internal system with a sufficient soundness. In order to make a leap jump of Simulation Science, therefore, it is desired to design an innovative simulator that enables us to deal with simultaneously and as consistently as possible a real system that evolves cooperatively with several internal autonomous systems. Three years experience of the Earth Simulator Project has stimulated to come up with one innovative simulation algorithm to get rid of the technological barrier standing in front of us, which I would like to call 'Macro-Micro Interlocked Algorithm', or 'Macro-Micro Multiplying Algorithm', and present a couple of such examples to validate the proposed algorithm. The first example is an aurora-arc formation as a result of the mutual interaction between the macroscopic magnetosphere-ionosphere system and the microscopic field-aligned electron and ion system. The second example is the local heavy rain fall resulting from the interaction between the global climate evolution and the microscopic raindrop growth process. Based on this innovative feasible algorithm, I came up with a Macro-Micro Multiplying Simulator

The Transmission of Foreign Shocks to South Eastern European Economies

DEFF Research Database (Denmark)

Petrevski, Goran; Bogoev, Jane; Tevdovski, Dragan

2014-01-01

This paper investigates the transmission of foreign shocks to economic activity and macroeconomic policies in the South Eastern European (SEE) economies with fixed exchange rate regimes: Croatia, Macedonia and Bulgaria. Specifically, we provide empirical evidence on the influence of the EMU policy...... with rigid exchange rate regimes, with different degree of integration within the EU. As for the methodological issues, we employ recursive Vector Auto regressions to identify the exogenous shocks in the euro-area. Generally, the estimated results imply that euro-zone economic activity has significant...... reference rate are relatively quickly transmitted to domestic money market rates. We can explain these effects by several factors, such as: the fixed exchange rates, the relatively high integration of SEE financial markets to EMU financial markets as well as the dependence of banks on foreign financing...

Macroeconomic Evolution after a Production Shock: the Role for Financial Intermediation

OpenAIRE

Vinogradov, Dmitri V.

2006-01-01

Financial intermediaries may increase economic efficiency through intertemporal risk smoothing. However without an adequate regulation, intermediation may fail to do this. This paper studies the effects of a production shock in a closed economy and compares abilities of market-based and bank-based financial systems in processing the shock. Unregulated banking system may collapse in absence of a proper regulation. The paper studies several types of regulatory interventions, which may improve t...

The Finnish EMU Buffers and the Labour Market under Asymmetric Shocks

OpenAIRE

Alho, Kari

2004-01-01

The Finnish EMU buffers consist of elements built into the unemployment insurance and employment pension systems, which aim to stabilise employer contributions and employment during economic fluctuations in the EMU age. The paper simulates the role of these buffers in a hypothetical recession caused by an adverse asymmetric shock. The results show that the buffers play only a modest role in stabilising employment, although their importance increases as the shocks to the economy become greater...

DISTRIBUTIONAND DIVERSITY OF MACRO ALGAE COMMUNITIES IN THE AMBON BAY

Directory of Open Access Journals (Sweden)

Christina Litaay

2014-11-01

Full Text Available Water conditions affected by natural and anthropogenic parameters such as sedimentation and solid waste disposal can influence the growth and distribution of macro algae. Sustainable management efforts can reduce damage on the Gulf coast of Ambon due to human activities and land clearing. This study was conducted in October 2008 using the transect method with 3 replicates in five locations i.e., Tantui, Air Salobar, Hative Besar, Halong, and Lateri. The interior and exterior waters of Ambon Bay contained different habitat conditions due to  sedimentation processes. The purpose of this study was to determine the distribution and diversity of macro algae communities in the Ambon Bay. The results found 21 species of macro- algae consisting of 10 species of Rhodhophyceae, 6 species of Chlorophyceae, and 5 species of Phaeophyceae. The highest density value of seaweed in Tantui was 389.0 g/m² of Chlorophyceae of Halimeda genus. In Air Salobar and Halong, the highest density value was Rhodophyceae of Gracilaria genus of 172.0 g/m² and 155.0 g/m², respectively. For the other genus in the Tantui and Lateri regions were dominated by Ulva at 92.10 gr/m2 and Padina of 20.0 gr/m2, respectively. The highest dominance of macro algae in the Hative Besar was found Chlorophyceae of Halimeda genus of 2.93 %, in the Air Salobar of Phaeophyceae of Turbinaria genus of 1.43 %. The difference values in density and the dominance of macro algae indicated an influence of habitat and environment due to seasons, sediment, and solid waste disposal to the diversity of macro algae. Keywords: Diversity, macro algae, Ambon Bay.

Physics of Collisionless Shocks Space Plasma Shock Waves

CERN Document Server

Balogh, André

2013-01-01

The present book provides a contemporary systematic treatment of shock waves in high-temperature collisionless plasmas as are encountered in near Earth space and in Astrophysics. It consists of two parts. Part I develops the complete theory of shocks in dilute hot plasmas under the assumption of absence of collisions among the charged particles when the interaction is mediated solely by the self-consistent electromagnetic fields. Such shocks are naturally magnetised implying that the magnetic field plays an important role in their evolution and dynamics. This part treats both subcritical shocks, which dissipate flow energy by generating anomalous resistance or viscosity, and supercritical shocks. The main emphasis is, however, on super-critical shocks where the anomalous dissipation is insufficient to retard the upstream flow. These shocks, depending on the direction of the upstream magnetic field, are distinguished as quasi-perpendicular and quasi-parallel shocks which exhibit different behaviours, reflecti...

Experienţa parcursului economic de vecinătate - securitatea economică a României

Directory of Open Access Journals (Sweden)

Viorica ŢURCANU

2016-06-01

Full Text Available The importance of the subject of national economic security is one of the main problems facing most national economies. At present, the process of globalization which included full and multi-criteria most countries, is one of the important conditions of development, including economically. Thus, economic development and security (national, regional or international is the major landmarks in manifesting major global changes and those within each country and, therefore, of every citizen. In these circumstances, a strong, powerful and, not least, competitive, stable in terms of macro-economic and exchange in terms of the tempo of development and adaptation to new conditions of exchange, represents an important basis for creating a policy security truly secure. Given the apparent importance of the subject of specific system in which we live today, the economic situation and the policy of the West European countries.

Energy indicators series: analyzing the energy-related evidence of economic transition in the Pacific Rim

International Nuclear Information System (INIS)

Paga, Enrique; Birol, Fatih

1992-01-01

In recent years, much attention has been focused upon the Asian Pacific countries as constituting an economic 'miracle' over the last two decades. Economic growth in the Pacific Rim has been higher than in any other area of the world. The rapid industrialization process and its impact on the economies of these countries, at both macro and micro levels, are discussed widely in the economic literature. Of particular interest are the fundamental structural changes these countries have experienced in their transition to industrialized economies. This instalment of the annual 'Energy indicators' series concentrates on Pacific Rim countries, namely Hong Kong, the Philippines, Singapore, South Korea, Taiwan and Thailand. Similar to other experiences, rapid economic growth in these countries has been accompanied by 'spectacular' growth in demand for energy. Therefore, this year's paper not only underlines certain trends in these six energy markets but also attempts to test the phenomenon 'threshold country', i.e., shifting from the developing to the industrialized world by using common indicators and methodologies. The analysis starts with a comparison of energy intensities. Section 2 provides an overview of the socio-economic and energy indicators of the Pacific Rim countries. Section 3 introduces a standard econometric model on the most dynamic consuming sector, namely transport. Section 4 presents the projections of consumption in this sector and discusses policy issues. Some concluding remarks in Section 6 complete the paper. (author)

El debate micro-macro: dilemas y contextos

Directory of Open Access Journals (Sweden)

Vania Salles

2001-06-01

Full Text Available This paper discusses the general terms of the sociological debate on the micro macro question. Not only the main trends organizing the debate are examined, but also some ways to solve the dichotomies present in some proposals. It is held that contemporary theoretical practice produces —after the classics and with different focuses— a reflexivecorpus and research practices rooted in the blurring of the micro macro as polar questions, by the way of offering integrating proposals and overcoming reducing positions.

Shock policies in the agony of the Peronist state: the Rodrigazo and the Mondelliazo

OpenAIRE

Marongiu, Federico

2006-01-01

Within the economic policies implemented by the six Economy Ministers of the Peronist government of 1973-1976 there exist two cases in which shock policies or shock adjustments were done with the aim to correct the problems that the Argentinean economy was suffering. those were the shock programs implemented by Minsiters Celestino Rodrigo (June 1975-July 1975) and Emilio Mondelli (February 1976- March 1976). Among the problems that they had to face there was a huge crisis in the commercial ba...

A zwitterionic macro-crosslinker for durable non-fouling coatings.

Science.gov (United States)

Wang, Wei; Lu, Yang; Xie, Jinbing; Zhu, Hui; Cao, Zhiqiang

2016-03-28

A novel zwitterionic macro-crosslinker was developed and applied to fabricate durable non-fouling coatings on a polyurethane substrate. The zwitterionic macro-crosslinker coating exhibited superior durability over the traditional brush polymer coating and was able to retain its non-fouling property even after weeks of shearing in flowing liquid.

Macro-Finance Determinants of the Long-Run Stock-Bond Correlation

DEFF Research Database (Denmark)

Asgharian, Hossein; Christiansen, Charlotte; Hou, Ai Jun

itself. Macro-finance variables and the lagged realized correlation are simultaneously significant in forecasting the long-run stock-bond correlation. The behavior of the long-run stock-bond correlation is very different when estimated taking the macro-finance variables into account. Supporting......We investigate the long-run stock-bond correlation using a novel model that combines the dynamic conditional correlation model with the mixed-data sampling approach. The long-run correlation is affected by both macro-finance variables (historical and forecasts) and the lagged realized correlation...

Universal health coverage at the macro level: Synthetic control evidence from Thailand.

Science.gov (United States)

Rieger, Matthias; Wagner, Natascha; Bedi, Arjun S

2017-01-01

As more and more countries are moving towards Universal Health Coverage (UHC), it is important to understand the macro level or aggregate impacts of such a policy. We use synthetic control methods to study the impact of UHC, introduced in Thailand in 2001, on various macroeconomic and health outcomes. Thailand is compared to a weighted average of control countries in terms of aggregate health financing indicators, aggregate health outcomes and economic performance, over the period 1995 to 2012. Our results suggest that UHC helps alleviate the financial consequences of illnesses. The estimated treatment effect of UHC on out-of-pocket payments as a percentage of overall health expenditures is negative 13 percentage points and its effect on annual government per capita health spending is US$ 79. We detect a smaller effect of US$ 60.8 on total health spending per capita which appears with a lag. We document positive health effects as captured by reductions in infant and child mortality. We do not find any effect on GDP and the share of the government budget devoted to health. Overall, our results complement micro evidence based on within country variation. The counterfactual design implemented here may be used to inform other countries on the macro level repercussions of UHC. Copyright © 2016. Published by Elsevier Ltd.

The macro-sectoral effects of an EC-wide tax. Simulation experiments for 1993-2005

Energy Technology Data Exchange (ETDEWEB)

Standaert, S. [Department of Quantitative Economics. Rijksuniversiteit Limburg, Maastricht (Netherlands)

1992-03-01

The results of simulations of the possible macro-sectoral effects of an EC-wide energy tax of 10$ per barrel of oil over the period 1993-2005 are presented. The level of the tax is held constant in real terms. Two alternative redistribution schemes ensure that the tax is budget-neutral country-wise: a reduction of personal income taxes (Direct Taxation scenario or DT), and a reduction of employers social security contributions (Social Security scenario or SS). The simulations were performed with linked multi-sectoral Hermes models maintained at the DG 12 of the Committee of the European Communities. The eventual goal is to shed some light on the implications of an EC-wide environmental policy relying on economic instruments. The tool used enables to present results which are original in certain respects. In particular, in contrast with most existing studies in this area, we use a disaggregated model over a fairly long period of time. The disaggregation has two dimensions, since we link national models, which are themselves disaggregated into industries. This should enable us to get a firmer grip on the implications of the policies followed on the structure of the European economies. In order to limit the costs of disaggregation we have included only four complete country models (France, Germany, Italy and the United Kingdom) in the simulations, which cover nevertheless a substantial proportion of EC value-added. Another noteworthy feature of the model is its fairly detailed treatment of energy. This and other characteristics of the model are reviewed in greater detail in Section 2, which provides general information on the model and on the way in which the various shocks have been calibrated. The sections 3 and 4 discuss respectively the DT and the SS scenarios. Additional variants are reviewed in section 5, before the conclusions.

Pharmaceutical interventions for mitigating an influenza pandemic: modeling the risks and health-economic impacts.

Science.gov (United States)

Postma, Maarten J; Milne, George; Nelson, E Anthony S; Pyenson, Bruce; Basili, Marcello; Coker, Richard; Oxford, John; Garrison, Louis P

2010-12-01

Model-based analyses built on burden-of-disease and cost-effectiveness theory predict that pharmaceutical interventions may efficiently mitigate both the epidemiologic and economic impact of an influenza pandemic. Pharmaceutical interventions typically encompass the application of (pre)pandemic influenza vaccines, other vaccines (notably pneumococcal), antiviral treatments and other drug treatment (e.g., antibiotics to target potential complications of influenza). However, these models may be too limited to capture the full macro-economic impact of pandemic influenza. The aim of this article is to summarize current health-economic modeling approaches to recognize the strengths and weaknesses of these approaches, and to compare these with more recently proposed alternative methods. We conclude that it is useful, particularly for policy and planning purposes, to extend modeling concepts through the application of alternative approaches, including insurers' risk theories, human capital approaches and sectoral and full macro-economic modeling. This article builds on a roundtable meeting of the Pandemic Influenza Economic Impact Group that was held in Boston, MA, USA, in December 2008.

Fundamentals of calculus

CERN Document Server

Morris, Carla C

2015-01-01

Fundamentals of Calculus encourages students to use power, quotient, and product rules for solutions as well as stresses the importance of modeling skills.  In addition to core integral and differential calculus coverage, the book features finite calculus, which lends itself to modeling and spreadsheets.  Specifically, finite calculus is applied to marginal economic analysis, finance, growth, and decay.  Includes: Linear Equations and FunctionsThe DerivativeUsing the Derivative Exponential and Logarithmic Functions Techniques of DifferentiationIntegral CalculusIntegration TechniquesFunctions

Exchange Rate Instability: Japan's Micro-Macro Experiences and Implications for China

Institute of Scientific and Technical Information of China (English)

Mamoru Ishida

2006-01-01

Since 1985, the yen-dollar exchange rates repeatedly fluctuated and climbed to a level that could not be justified by economic fundamentals. The impacts on the Japanese economy were serious and far-reaching.Since 21 July 2005, China has been moving toward a more flexible exchange rate regime. Keeping RMB exchange rates basically stable and providing Chinese industries with means to hedge exchange rate risks are essential for China's sound economic development.

The impacts of oil price shocks on stock market volatility: Evidence from the G7 countries

International Nuclear Information System (INIS)

Bastianin, Andrea; Conti, Francesca; Manera, Matteo

2016-01-01

We study the effects of crude oil price shocks on the stock market volatility of the G7 countries. We identify the causes underlying oil price shocks and gauge the impacts that oil supply and oil demand innovations have on financial volatility. We show that stock market volatility does not respond to oil supply shocks. On the contrary, demand shocks impact significantly on the volatility of the G7 stock markets. Our results suggest that economic policies and financial regulation activities designed to mitigate the adverse effects of unexpected oil price movements should be designed by looking at the source of the oil price shocks. - Highlights: • Effects of oil price shocks on the stock market volatility of the G7 countries. • Econometric identification of the different causes of oil shocks. • Stock market volatility does not respond to oil supply shocks. • Demand shocks impact significantly on stock market volatility. • Policy measures should be designed by considering the source of oil shocks.

Nano/macro porous bioactive glass scaffold

Science.gov (United States)

Wang, Shaojie

Bioactive glass (BG) and ceramics have been widely studied and developed as implants to replace hard tissues of the musculo-skeletal system, such as bones and teeth. Recently, instead of using bulk materials, which usually do not degrade rapidly enough and may remain in the human body for a long time, the idea of bioscaffold for tissue regeneration has generated much interest. An ideal bioscaffold is a porous material that would not only provide a three-dimensional structure for the regeneration of natural tissue, but also degrade gradually and, eventually be replaced by the natural tissue completely. Among various material choices the nano-macro dual porous BG appears as the most promising candidate for bioscaffold applications. Here macropores facilitate tissue growth while nanopores control degradation and enhance cell response. The surface area, which controls the degradation of scaffold can also be tuned by changing the nanopore size. However, fabrication of such 3D structure with desirable nano and macro pores has remained challenging. In this dissertation, sol-gel process combined with spinodal decomposition or polymer sponge replication method has been developed to fabricate the nano-macro porous BG scaffolds. Macropores up to 100microm are created by freezing polymer induced spinodal structure through sol-gel transition, while larger macropores (>200um) of predetermined size are obtained by the polymer sponge replication technique. The size of nanopores, which are inherent to the sol-gel method of glass fabrication, has been tailored using several approaches: Before gel point, small nanopores are generated using acid catalyst that leads to weakly-branched polymer-like network. On the other hand, larger nanopores are created with the base-catalyzed gel with highly-branched cluster-like structure. After the gel point, the nanostructure can be further modified by manipulating the sintering temperature and/or the ammonia concentration used in the solvent

Macro-Finance Determinants of the Long-Run Stock-Bond Correlation

DEFF Research Database (Denmark)

Asgharian, Hossein; Christiansen, Charlotte; Hou, Ai Jun

2016-01-01

We investigate long-run stock–bond correlation using a model that combines the dynamic conditional correlation model with the mixed-data sampling approach and allows long-run correlation to be affected by macro-finance factors (historical and forecasts). We use macro-finance factors related...... to inflation and interest rates, illiquidity, state of the economy, and market uncertainty. Macro-finance factors, particularly their forecasts, are good at forecasting long-run stock–bond correlation. Supporting the flight-to-quality phenomenon, long-run correlation tends to be small and negative when...

Time and Space Complexity of Inside-Out Macro Grammars

NARCIS (Netherlands)

Asveld, P.R.J.

1980-01-01

Starting form Fischer's IO Standard Form Theorem we show that for each inside-out (or IO-) macro language $L$ there exists a $\\lambda$-free IO macro grammar with the following property: for each $x$ in $L$ there is a derivation of $x$ of length at most linear in the length of $x$. Then we construct

Macro-level enabling conditions for the formation of social business enterprises in the Philippines

Directory of Open Access Journals (Sweden)

Aaron Laylo

2018-05-01

Full Text Available Purpose - A conducive and enabling environment is imperative for the formation of sustainable social business enterprises (SBEs. This paper aims to identify the macro-level enabling conditions necessary for SBE formation and to analyze them in the context of the Philippines, an emerging economy that is yet to be transformed into an inclusive one. Design/methodology/approach - Major developments on micro-, small- and medium-sized enterprises, specifically on social enterprises, were revisited and analyzed. The author also looked into how they are sustained, supported and nurtured in the Philippines’ overall economic landscape. Extensive data were collected from relevant agencies in public and private sectors, after which they were analyzed parallel to existing academic literature, i.e. theories, models and concepts, on social entrepreneurship and development nexus. Findings - It has been found that the four macro-level enabling conditions, namely, governance, socially inclusive economic approach, financial services and entrepreneurial culture, presumed to be vital for SBE formation, contribute to the latter at various levels, but surely complement each other in the process. Research limitations/implications - The significance of exploring the context in which social enterprises are formed and flourish lies in the sheer importance of understanding the sustained prevalence of SBEs in many economies – both in developed and developing ones. Originality/value - By having a more structured knowledge of the components surrounding SBE formation, the community may be able to also simultaneously explore why and how social entrepreneurs form profit-earning business entities that are primarily driven by social advocacies and goals.

Simulations of Converging Shock Collisions for Shock Ignition

Science.gov (United States)

Sauppe, Joshua; Dodd, Evan; Loomis, Eric

2016-10-01

Shock ignition (SI) has been proposed as an alternative to achieving high gain in inertial confinement fusion (ICF) targets. A central hot spot below the ignition threshold is created by an initial compression pulse, and a second laser pulse drives a strong converging shock into the fuel. The collision between the rebounding shock from the compression pulse and the converging shock results in amplification of the converging shock and increases the hot spot pressure above the ignition threshold. We investigate shock collision in SI drive schemes for cylindrical targets with a polystyrene foam interior using radiation-hydrodynamics simulations with the RAGE code. The configuration is similar to previous targets fielded on the Omega laser. The CH interior results in a lower convergence ratio and the cylindrical geometry facilitates visualization of the shock transit using an axial X-ray backlighter, both of which are important for comparison to potential experimental measurements. One-dimensional simulations are used to determine shock timing, and the effects of low mode asymmetries in 2D computations are also quantified. LA-UR-16-24773.

Introduction to health economics and decision-making: Is economics relevant for the frontline clinician?

Science.gov (United States)

Goeree, Ron; Diaby, Vakaramoko

2013-12-01

In a climate of escalating demands for new health care services and significant constraints on new resources, the disciplines of health economics and health technology assessment (HTA) have increasingly been turned to as explicit evidence-based frameworks to help make tough health care access and reimbursement decisions. Health economics is the discipline of economics concerned with the efficient allocation of health care resources, essentially trying to maximize health benefits to society contingent upon available resources. HTA is a broader field drawing upon several disciplines, but which relies heavily upon the tools of health economics and economic evaluation. Traditionally, health economics and economic evaluation have been widely used at the political (macro) and local (meso) decision-making levels, and have progressively had an important role even at informing individual clinical decisions (micro level). The aim of this paper is to introduce readers to health economics and discuss its relevance to frontline clinicians. Particularly, the content of the paper will facilitate clinicians' understanding of the link between economics and their medical practice, and how clinical decision-making reflects on health care resource allocation. Copyright © 2013 Elsevier Ltd. All rights reserved.

Noncoplanar magnetic fields at collisionless shocks: A test of a new approach

International Nuclear Information System (INIS)

Gosling, J.T.; Winske, D.; Thomsen, M.F.

1988-01-01

Within the foot and ramp of a fast mode collisionless shock the magnetic field rotates out of the plane of coplanarity defined by the upstream magnetic field and the shock normal. As previously noted (Goodrich and Scudder, 1984), the sense of this rotation is such as to reduce the cross-shock potential drop when measured in the deHoffman-Teller frame relative to that measured in the normal incidence frame. From a consideration of the requirement that there be zero current in the coplanarity plane downstream of the shock, Jones and Ellison (1987) have argued that the field rotation and potential drop difference are a consequence of unequal ion and electron masses, and have derived an expression for the spatial integral of the noncoplanar field component in terms of the electron current within the shock layer. Moreover, by assuming that the ion current within the shock layer is negligible compared to the electron current, they derive equations which predict the magnitude of both the field rotation and the potential drop difference in terms of upstream quantities and the field jump at the shock. We have tested their equations with ISEE 1 and 2 plasma and field measurements at the Earth's bow shock and by means of numerical simulations. We find substantial support for their suggestion that the field rotation and thus also the frame dependence of the potential drop are fundamentally a consequence of unequal ion and electron masses. Further, for subcritical shocks (low Mach number) one can neglect the ion current to predict both the sign and the magnitude of the field rotation and potential drop difference. However, at supercritical shocks (high Mach numbers) the ion current associated with reflected, gyrating ions cannot be neglected, and the final equations of Jones and Ellison seriously underestimate the magnitude of the field rotation and the potential drop difference at these shocks

Global warming and economic growth

International Nuclear Information System (INIS)

Gonand, Frederic

2015-01-01

The macro-economic impacts of climate change and of policies to reduce carbon content should be moderate on a global basis for the planet - a few hundredths of a % of world GDP on an annual basis, but significant for some regions (Asia-Pacific notably). The probability of extreme climatic events justifies with effect from today the implementation of measures that will carry a cost in order to limit global warming. (author)

Quantified Energy Dissipation Rates in the Terrestrial Bow Shock. 2; Waves and Dissipation

Science.gov (United States)

Wilson, L. B., III; Sibeck, D. G.; Breneman, A. W.; Le Contel, O.; Cully, C.; Turner, D. L.; Angelopoulos, V.; Malaspina, D. M.

2014-01-01

We present the first quantified measure of the energy dissipation rates, due to wave-particle interactions, in the transition region of the Earth's collision-less bow shock using data from the Time History of Events and Macro-Scale Interactions during Sub-Storms spacecraft. Our results show that wave-particle interactions can regulate the global structure and dominate the energy dissipation of collision-less shocks. In every bow shock crossing examined, we observed both low-frequency (less than 10 hertz) and high-frequency (approximately or greater than10 hertz) electromagnetic waves throughout the entire transition region and into the magnetosheath. The low-frequency waves were consistent with magnetosonic-whistler waves. The high-frequency waves were combinations of ion-acoustic waves, electron cyclotron drift instability driven waves, electrostatic solitary waves, and whistler mode waves. The high-frequency waves had the following: (1) peak amplitudes exceeding delta B approximately equal to 10 nanoteslas and delta E approximately equal to 300 millivolts per meter, though more typical values were delta B approximately equal to 0.1-1.0 nanoteslas and delta E approximately equal to 10-50 millivolts per meter (2) Poynting fluxes in excess of 2000 microWm(sup -2) (micro-waves per square meter) (typical values were approximately 1-10 microWm(sup -2) (micro-waves per square meter); (3) resistivities greater than 9000 omega meters; and (4) associated energy dissipation rates greater than 10 microWm(sup -3) (micro-waves per cubic meter). The dissipation rates due to wave-particle interactions exceeded rates necessary to explain the increase in entropy across the shock ramps for approximately 90 percent of the wave burst durations. For approximately 22 percent of these times, the wave-particle interactions needed to only be less than or equal to 0.1 percent efficient to balance the nonlinear wave steepening that produced the shock waves. These results show that wave

Healing and/or breaking? The mental health implications of repeated economic insecurity.

Science.gov (United States)

Watson, Barry; Osberg, Lars

2017-09-01

Current literature confirms the negative consequences of contemporaneous economic insecurity for mental health, but ignores possible implications of repeated insecurity. This paper asks how much a person's history of economic insecurity matters for psychological distress by contrasting the implications of two models. Consistent with the health capital literature, the Healing model suggests psychological distress is a stock variable affected by shocks from life events, with past events having less impact than more recent shocks. Alternatively, the Breaking Point model considers that high levels of distress represent a distinct shift in life state, which occurs if the accumulation of past life stresses exceeds some critical value. Using five cycles of Canadian National Population Health Survey data (2000-2009), we model the impact of past economic insecurity shocks on current psychological distress in a way that can distinguish between these hypotheses. In our sample of 1775 males and 1883 females aged 25 to 64, we find a robust healing effect for one-time economic insecurity shocks. For males, only a recent one-time occurrence of economic insecurity is predictive of higher current psychological distress (0.19 standard deviations). Moreover, working age adults tend to recover from past accumulated experiences of economic insecurity if they were recently economically secure. However, consistent with the Breaking Point hypothesis, males experiencing three or four cycles of recent insecurity are estimated to have a level of current psychological distress that is 0.26-0.29 standard deviations higher than those who were employed and job secure throughout the same time period. We also find, consistent with other literature, distinct gender differences - for working age females, all economic insecurity variables are statistically insignificant at conventional levels. Our results suggest that although Canadians are resilient to one-time insecurity shocks, males most

The impact of economic globalization on the shadow economy in Egypt

OpenAIRE

Farzanegan, Mohammad Reza; Hassan, Mai

2017-01-01

This study examines the economic globalization and the shadow economy nexus in Egypt. Using time series data from 1976 to 2013, the impulse response analysis shows that the response of the shadow economy in Egypt to positive shocks in economic globalization is negative and statistically significant for the first three years following the shock. This finding is obtained by controlling for several intermediary channels in globalization-shadow economy nexus such as education, government spending...

Banking Competition and Economic Stability

OpenAIRE

Ronald Fischer; Nicolás Inostroza; Felipe J. Ramírez

2013-01-01

We consider a two-period model of a banking system to explore the effects of competition on the stability and efficiency of economic activity. In the model, competing banks lend to entrepreneurs. After entrepreneurs receive the loans for their projects, there is a probability of a shock. The shock implies that a fraction of firms will default and be unable to pay back their loans. This will require banks to use their capital and reserves to pay back depositors, restricting restrict second per...

Low carbon national strategy. A macro-economical assessment

International Nuclear Information System (INIS)

Baiz, Adam; Monnoyer-Smith, Laurence; Callonnec, Gael

2016-11-01

This publication briefly reports the use of the Three-ME model (Multi-sector Macroeconomic Model for the Evaluation of Environmental and Energy) to assess the combined effect of the several instruments mobilised for the transition towards a low carbon economy within the French National Low Carbon Strategy (SNBC). It first presents the Three-ME model which has been developed since 2008 by the OFCE and the Ademe, is a neo-Keynesian and hybrid model, and which comprises 14.000 equations and 70.000 parameters dealing with prices, interest rates, investments, salaries, foreign trade, State policy, a production function, and a consumption function. Some characteristics of the SNBC scenario are indicated, as well as those of a reference trend-based scenario. Obtained results are then briefly commented in terms of positive ecological and economic impacts of a carbon tax and of sector-based measures defined within the SNBC

FAKTOR FUNDAMENTAL MAKRO DAN SKIM BUNGA KREDIT SEBAGAI VARIABEL INTERVENING PENGARUHNYA TERHADAP KINERJA BANK

Directory of Open Access Journals (Sweden)

Harmono Harmono

2017-03-01

Full Text Available This study aim to analysis the effect of macroeconomic fundamental and credit interest scheme to financialperformance of conventional Bank in Indonesia. The operational of dependent variable, by using Capital AdequacyRatio, non-performing loan, net interest margin, return on assets, and loan to deposits ratio. And theothers hand,independent variable are measured by macroeconomics fundamental;i.e.Interest Rate of IndonesianCentral Bank, inflation, and exchange rate of rupiah to US$.Credit interest scheme consist of working-capitalcredit interest rate, investment credit, and interest rate of consumption credit. Sampling technique,using purposivesampling and the number of samples is conventional banks in Indonesia. Data will be analysis 2006-2010monthly. Analysis technique isstructural equation model. The discovery results showed, the macroeconomicfundamental factors have significant to bank performance and dimension of credit interest scheme have role asintervening variable in supporting macro fundamental in influencing to financial performance of conventionalbanking in Indonesia. For represented of variables have any significant in contributed to each dimension can bedescribed, for macroeconomic fundamental, all variable is significant to contribute in factor construct. For creditinterest scheme was too all of variable, and bank performance just Capital Adequacy Ratio and Return on Assets.

The economic growth of oil countries

International Nuclear Information System (INIS)

Arbod, G.

2007-02-01

The literature tries to apprehend the weakness of the economic growth of oil culminates by the assumption of ousted growth factors. In the Dutch Disease models the non-oil exporting sector would be ousted whereas in the analyses in terms of economic policies it would be the efficient economic policies. We consider the phenomenon through the growth theories, the oil income being regarded as an additional exogenous income for the economy. In this manner the growth dynamic of oil countries, even the most unfavourable, can be modelled without utilizing any concept of economic inefficiency. The last part of our work is devoted to the Saudi economy. After having developed a macro-econometric model, and using scenarios of oil prices, we lead a forecasted analysis of this economy. (author)

Estimating Dynamic Equilibrium Models using Macro and Financial Data

DEFF Research Database (Denmark)

Christensen, Bent Jesper; Posch, Olaf; van der Wel, Michel

We show that including financial market data at daily frequency, along with macro series at standard lower frequency, facilitates statistical inference on structural parameters in dynamic equilibrium models. Our continuous-time formulation conveniently accounts for the difference in observation...... of the estimators and estimate the model using 20 years of U.S. macro and financial data....

EU emissions trading. The need for cap adjustment in response to external shocks and unexpected developments?

Energy Technology Data Exchange (ETDEWEB)

Diekmann, Jochen [DIW, Berlin (Germany)

2012-11-15

In this paper the advantages and disadvantages of the various adaptation options will be discussed from an economic perspective. Firstly, the criteria for identifying a need for potentially legitimate adaptation should be investigated. Furthermore, the issue of appropriate timely intervention points prior to or within the trading period will be discussed. In what periods and scenarios are adjustments to the cap worthwhile from an economic perspective? To what extent could minimum prices or price ranges make sense? What role could a strategic reserve play? By addressing these issues, it will be fundamentally discussed as to how the emissions trading scheme could be further developed and strengthened by greater flexibility. After a brief characterisation of emissions trading in theory and practice in Chapter 2, Chapter 3 will identify potential external shocks and unexpected developments which may impair the functioning of an emissions trading scheme. The current problems of cap setting for the third trading period of the EU ETS will be described in Chapter 4. Against this background, cap adjustments will be discussed in Chapter 5, minimum and maximum prices in Chapter 6 and strategic reserves in emissions trading in Chapter 7. The conclusions are summarised in Chapter 8.

Characteristics of soil water retention curve at macro-scale

Institute of Scientific and Technical Information of China (English)

无

2009-01-01

Scale adaptable hydrological models have attracted more and more attentions in the hydrological modeling research community, and the constitutive relationship at the macro-scale is one of the most important issues, upon which there are not enough research activities yet. Taking the constitutive relationships of soil water movement--soil water retention curve (SWRC) as an example, this study extends the definition of SWRC at the micro-scale to that at the macro-scale, and aided by Monte Carlo method we demonstrate that soil property and the spatial distribution of soil moisture will affect the features of SWRC greatly. Furthermore, we assume that the spatial distribution of soil moisture is the result of self-organization of climate, soil, ground water and soil water movement under the specific boundary conditions, and we also carry out numerical experiments of soil water movement at the vertical direction in order to explore the relationship between SWRC at the macro-scale and the combinations of climate, soil, and groundwater. The results show that SWRCs at the macro-scale and micro-scale presents totally different features, e.g., the essential hysteresis phenomenon which is exaggerated with increasing aridity index and rising groundwater table. Soil property plays an important role in the shape of SWRC which will even lead to a rectangular shape under drier conditions, and power function form of SWRC widely adopted in hydrological model might be revised for most situations at the macro-scale.

Economic implications of Japan's aging population: a macro-economic demographic modeling approach.

Science.gov (United States)

Ogawa, N

1982-01-01

This paper utilizes a macroeconomic demographic model to analyze the probable impact of population aging on various public programs in Japan. Rapid fertility decline aided by mortality decline has caused the proportion of the Japanese population aged 65 and over to increase from 4.9% in 1950 to 9.0% in 1980. A population projection based on the 1975 population census assumes a recovery of fertility from a total fertility rate (TFR) of 1.9 in 1976 to 2.16 in 1980 and a gradual decline to 2.1 by 1987, while an alternative projection assumes a continuing fertility decline to a TFR of 1.65 in 2025. According to these assumptions, in 2025 18.12% to 21.29% of the total population would be aged 65 or over and 38.66% to 43.80% of the working age population would be aged 45-64. A macroeconomic neoclassical growth model with some Keynesian features was formulated to evaluate the future impact of population aging on social security programs. Population changes are transmitted to economic variables in the model through the supply of labor, level of savings, public health care plans, and old-age pension schemes. The simulation experiments included the 2 population projections and 2 alternative production functions, 1 with the quality of labor incorporated and 1 without. The results indicated that, regardless of the population projection and production function used, the growth of the economy is likely to slow to 1 or 0% in the beginning of the next century due to decreased growth of the labor force and a change in its quality due to age-compositional variations. Public health insurance schemes and pension plans will require increasing financial resources as a result of accelerated population aging; depending on the choice of benefit levels, the proportion of national income allocated to them is expected to range from 14%-40% in the year 2010. Per capita gross national product will continue to grow despite decreased economic growth, but savings might be adversely affected if the

The influence of the macro-environment on physical activity: a multilevel analysis of 38 countries worldwide.

Science.gov (United States)

Bosdriesz, Jizzo R; Witvliet, Margot I; Visscher, Tommy L S; Kunst, Anton E

2012-09-11

As indicated by the ANGELO framework and similar models, various environmental factors influence population levels of physical activity (PA). To date attention has focused on the micro-level environment, while evidence on the macro-level environment remains scarce and mostly limited to high-income countries. This study aims to investigate whether environmental factors at macro-level are associated with PA among a broader range of countries. Data from the World Health Survey (WHS) was used to analyze 177,035 adults from 38 (mostly low and middle income) countries. The International Physical Activity Questionnaire-Short Form (IPAQ-S) was used to measure PA. Respondents were classified as active or inactive for vigorous PA, moderate PA and walking. Multilevel logistic regression was performed to assess associations between macro-level environmental factors and the prevalence of PA, with control for individual-level socioeconomic factors. The prevalence of PA varied widely between countries and types of PA (5.0%-93.8%). A negative association was found between gross domestic product and PA, odds ratios for men were 0.76 (95% CI: 0.65-0.89) for moderate PA and 0.79 (95% CI: 0.63-0.98) for walking. A higher temperature was associated with less PA (all types) and higher urbanization was associated with less vigorous and moderate PA. More gender equality was also associated with more walking for women. Governmental functioning and literacy rate were not found to be associated with any type of PA. This exploratory study indicates that factors such as climate, economic development and cultural factors are determinants of the level of overall PA at national levels. This underlines the suggestion that the macro-environment should be regarded as an important influence on PA.

The influence of the macro-environment on physical activity: a multilevel analysis of 38 countries worldwide

Directory of Open Access Journals (Sweden)

Bosdriesz Jizzo R

2012-09-01

Full Text Available Abstract Background As indicated by the ANGELO framework and similar models, various environmental factors influence population levels of physical activity (PA. To date attention has focused on the micro-level environment, while evidence on the macro-level environment remains scarce and mostly limited to high-income countries. This study aims to investigate whether environmental factors at macro-level are associated with PA among a broader range of countries. Methods Data from the World Health Survey (WHS was used to analyze 177,035 adults from 38 (mostly low and middle income countries. The International Physical Activity Questionnaire-Short Form (IPAQ-S was used to measure PA. Respondents were classified as active or inactive for vigorous PA, moderate PA and walking. Multilevel logistic regression was performed to assess associations between macro-level environmental factors and the prevalence of PA, with control for individual-level socioeconomic factors. Results The prevalence of PA varied widely between countries and types of PA (5.0%-93.8%. A negative association was found between gross domestic product and PA, odds ratios for men were 0.76 (95% CI: 0.65-0.89 for moderate PA and 0.79 (95% CI: 0.63-0.98 for walking. A higher temperature was associated with less PA (all types and higher urbanization was associated with less vigorous and moderate PA. More gender equality was also associated with more walking for women. Governmental functioning and literacy rate were not found to be associated with any type of PA. Conclusions This exploratory study indicates that factors such as climate, economic development and cultural factors are determinants of the level of overall PA at national levels. This underlines the suggestion that the macro-environment should be regarded as an important influence on PA.

Credit markets and the propagation of monetary policy shocks

Czech Academy of Sciences Publication Activity Database

Boháček, Radim; Mendizábal, H. R.

2007-01-01

Roč. 39, č. 6 (2007), s. 1429-1455 ISSN 0022-2879 R&D Projects: GA AV ČR IAA700850602 Institutional research plan: CEZ:AV0Z70850503 Keywords : credit * monetary policy shock * heterogeneous agents Subject RIV: AH - Economics Impact factor: 0.947, year: 2007

Micro and Macro Segregation in Alloys Solidifying with Equiaxed Morphology

Science.gov (United States)

Stefanescu, Doru M.; Curreri, Peter A.; Leon-Torres, Jose; Sen, Subhayu

1996-01-01

To understand macro segregation formation in Al-Cu alloys, experiments were run under terrestrial gravity (1g) and under low gravity during parabolic flights (10(exp -2) g). Alloys of two different compositions (2% and 5% Cu) were solidified at two different cooling rates. Systematic microscopic and SEM observations produced microstructural and segregation maps for all samples. These maps may be used as benchmark experiments for validation of microstructure evolution and segregation models. As expected, the macro segregation maps are very complex. When segregation was measured along the central axis of the sample, the highest macro segregation for samples solidified at 1g was obtained for the lowest cooling rate. This behavior is attributed to the longer time available for natural convection and shrinkage flow to affect solute redistribution. In samples solidified under low-g, the highest macro-segregation was obtained at the highest cooling rate. In general, low-gravity solidification resulted in less segregation. To explain the experimental findings, an analytical (Flemings-Nereo) and a numerical model were used. For the numerical model, the continuum formulation was employed to describe the macroscopic transports of mass, energy, and momentum, associated with the microscopic transport phenomena, for a two-phase system. The model proposed considers that liquid flow is driven by thermal and solutal buoyancy, and by solidification shrinkage. The Flemings-Nereo model explains well macro segregation in the initial stages of low-gravity segregation. The numerical model can describe the complex macro segregation pattern and the differences between low- and high-gravity solidification.

Shock Dynamics in Stellar Outbursts. I. Shock Formation

Energy Technology Data Exchange (ETDEWEB)

Ro, Stephen; Matzner, Christopher D., E-mail: ro@astro.utoronto.ca [Department of Astronomy and Astrophysics, University of Toronto, 50 St. George Street, Toronto, ON M5S 3H4 (Canada)

2017-05-20

Wave-driven outflows and non-disruptive explosions have been implicated in pre-supernova outbursts, supernova impostors, luminous blue variable eruptions, and some narrow-line and superluminous supernovae. To model these events, we investigate the dynamics of stars set in motion by strong acoustic pulses and wave trains, focusing on nonlinear wave propagation, shock formation, and an early phase of the development of a weak shock. We identify the shock formation radius, showing that a heuristic estimate based on crossing characteristics matches an exact expansion around the wave front and verifying both with numerical experiments. Our general analytical condition for shock formation applies to one-dimensional motions within any static environment, including both eruptions and implosions. We also consider the early phase of shock energy dissipation. We find that waves of super-Eddington acoustic luminosity always create shocks, rather than damping by radiative diffusion. Therefore, shock formation is integral to super-Eddington outbursts.

A SAS-macro for estimation of the cumulative incidence using Poisson regression

DEFF Research Database (Denmark)

Waltoft, Berit Lindum

2009-01-01

the hazard rates, and the hazard rates are often estimated by the Cox regression. This procedure may not be suitable for large studies due to limited computer resources. Instead one uses Poisson regression, which approximates the Cox regression. Rosthøj et al. presented a SAS-macro for the estimation...... of the cumulative incidences based on the Cox regression. I present the functional form of the probabilities and variances when using piecewise constant hazard rates and a SAS-macro for the estimation using Poisson regression. The use of the macro is demonstrated through examples and compared to the macro presented...

Investigation of porous concrete through macro and meso-scale testing

NARCIS (Netherlands)

Agar Ozbek, A.S.; Weerheijm, J.; Schlangen, H.E.J.G.

2010-01-01

In designing a porous concrete, containing a high volume of air pores, the effects of its mesoscale phases on its macro level properties have to be known. For this purpose, porous concretes having different aggregate gradings and cement paste compositions were investigated through macro-scale

Search for stellar collapse with the MACRO detector at Gran Sasso

International Nuclear Information System (INIS)

1989-01-01

The first MACRO supermodule commenced data taking in February 1989. Two complementary trigger and readout systems have been used to monitor the horizontal scintillation counters, which contain 42 tonnes (∼1 ktonne for the full MACRO detector) of liquid scintillator, for bursts of low energy anti-neutrinos from gravitational stellar collapses. This paper reports on an initial search and discusses the present as well as ultimate sensitivity of MACRO to this class of events. 4 figs

Assessment of Macro-Level Socioeconomic Factors That Impact Waterborne Diseases: The Case of Jordan.

Science.gov (United States)

Polimeni, John M; Almalki, Ahmad; Iorgulescu, Raluca I; Albu, Lucian-Liviu; Parker, Wendy M; Chandrasekara, Ray

2016-11-25

The Hashemite Kingdom of Jordan is an example of a country that suffers from high water scarcity. Additionally, due to the economic drivers in the country, such as phosphate and potash extraction and pharmaceutical production, the little fresh water that remains is generally polluted. The infrastructure, often antiquated in urban areas and non-existent in rural areas, also contributes to poor water conditions and to the spread of waterborne diseases. This paper examines the socioeconomic factors that contribute to diarrhea and hepatitis A on a macro level in Jordan and discusses the public-policies that government officials could use to abate those problems. Ordinary least squares time series models are used to understand the macro-level variables that impact the incidence of these diseases in Jordan. Public health expenditure has a significant impact on reducing their incidence. Furthermore, investment in sanitation facilities in rural regions is likely to reduce the number of cases of hepatitis A. Perhaps the most surprising outcome is that importation of goods and services likely results in a decrease in cases of hepatitis A. However, income has little impact on the incidence of diarrhea and hepatitis A.

Assessment of Macro-Level Socioeconomic Factors That Impact Waterborne Diseases: The Case of Jordan

Directory of Open Access Journals (Sweden)

John M. Polimeni

2016-11-01

Full Text Available The Hashemite Kingdom of Jordan is an example of a country that suffers from high water scarcity. Additionally, due to the economic drivers in the country, such as phosphate and potash extraction and pharmaceutical production, the little fresh water that remains is generally polluted. The infrastructure, often antiquated in urban areas and non-existent in rural areas, also contributes to poor water conditions and to the spread of waterborne diseases. This paper examines the socioeconomic factors that contribute to diarrhea and hepatitis A on a macro level in Jordan and discusses the public-policies that government officials could use to abate those problems. Ordinary least squares time series models are used to understand the macro-level variables that impact the incidence of these diseases in Jordan. Public health expenditure has a significant impact on reducing their incidence. Furthermore, investment in sanitation facilities in rural regions is likely to reduce the number of cases of hepatitis A. Perhaps the most surprising outcome is that importation of goods and services likely results in a decrease in cases of hepatitis A. However, income has little impact on the incidence of diarrhea and hepatitis A.

Injection moulding for macro and micro products

DEFF Research Database (Denmark)

Islam, Mohammad Aminul

used for macro products but with the ages it is going deep into the micro areas having machine and process improvements. Extensive research work on injection moulding is going on all over the world. New ideas are flowing into the machines, materials and processes. The technology has made significant......The purpose of the literature survey is to investigate the injection moulding technology in the macro and micro areas from the basic to the state-of-the-art recent technology. Injection moulding is a versatile production process for the manufacturing of plastic parts and the process is extensively...

Macro-Elements and Trace Elements in Cereal Grains Cultivated in Latvia

Directory of Open Access Journals (Sweden)

Jākobsone Ida

2015-09-01

Full Text Available Cereal-based foods have great importance in the compensation of micro- and trace element deficiency, because 50% of the foods produced worldwide are made up of cereal grains. The aim of the research was to determine the concentration of macro-elements and trace elements in different cereals cultivated in Latvia. Various cereals were used in the research: rye (n = 45, barley (n = 54, spring wheat (n = 27, winter wheat (n = 53, triticale (n = 45 and oats (n = 42. Thirteen macro- and trace elements (Cd, Pb, Ni, Cr, Al, Cu, K, Na, Mn, Fe, Zn, Mg, Ca were determined in cereal grain samples (n = 266. Macro-elements and trace elements varied significantly (p < 0.01 or p < 0.001. The highest concentrations of macro- and trace elements were found in oats and the lowest in rye. The obtained data will expand the opportunity for food and nutrition scientists to evaluate content of the examined elements in grain products, and dietary consumption (bioavailability of the examined macro-elements and trace elements.

Fourth-quarter Economic Growth and Time-varying Expected Returns

DEFF Research Database (Denmark)

Møller, Stig V.; Rangvid, Jesper

not predict returns. Fourth-quarter economic growth rates contain considerably more information about expected returns than standard variables used in the literature, are robust to the choice of macro variable, and work in-sample, out-of-sample, and in subsamples. To help explain these results, we show...... that economic growth and growth in consumer confidence are correlated during the fourth quarter, but not during the other quarters: When economic growth is low during the fourth quarter, confidence in the economy is also low such that investors require higher future returns. We discuss rational and behavioral...... reasons why fourth-quarter economic growth, growth in consumer confidence, and expected returns are related....

Fisiopatología del shock: Nuevas perspectivas

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Miguel A. Jorge

2011-10-01

Full Text Available La actividad metabólica puede modificarse mediante la regulación de la población mitocondrial en distintas enfermedades críticas. A través de observaciones y ensayos clínicos examinamos esta adaptación metabólica en el shock cardiogénico, hemorrágico y séptico. La caída de la disponibilidad de O2 (DO2 llevaría a una reducción de la población mitocondrial y consecuentemente a una disminución del consumo de O2 (VO2. Esta secuencia permite atenuar y aun evitar la adquisición de una deuda de O2, considerada hasta hoy base fundamental de la fisiopatología del shock. El costo de esta adaptación mitocondrial es menor energía disponible y el déficit energético resultante ha sido relacionado con la falla orgánica múltiple (FOM, importante complicación de diversos procesos inflamatorios agudos y estados de shock. La FOM es mejor tolerada que el metabolismo anaeróbico y es potencialmente reversible si se revierten las causas desencadenantes y se reestablece el nivel energético por medio de la biogénesis mitocondrial.El desacople de la fosforilación oxidativa mitocondrial ocurre tanto en diversos modelos experimentales de shock como así también en el shock séptico en el hombre. Esta alteración mitocondrial puede ser detectada por un aumento desmesurado del VO2 en respuesta al incremento terapéutico de la DO2. Este aumento de la actividad metabólica puede ser equívocamente interpretado como la fase de repago de una deuda de O2.

TableMaker: An Excel Macro for Publication-Quality Tables

Directory of Open Access Journals (Sweden)

Marek Hlavac

2016-04-01

Full Text Available This article introduces TableMaker, a Microsoft Excel macro that produces publicationquality tables and includes them as new sheets in workbooks. The macro provides an intuitive graphical user interface that allows for the full customization of all table features. It also allows users to save and load table templates, and thus allows layouts to be both reproducible and transferable. It is distributed in a single computer file. As such, the macro is easy to share, as well as accessible to even beginning and casual users of Excel. Since it allows for the quick creation of reproducible and fully customizable tables, TableMaker can be very useful to academics, policy-makers and businesses by making the presentation and formatting of results faster and more efficient.

The Disaggregation of Value-Added Test Scores to Assess Learning Outcomes in Economics Courses

Science.gov (United States)

Walstad, William B.; Wagner, Jamie

2016-01-01

This study disaggregates posttest, pretest, and value-added or difference scores in economics into four types of economic learning: positive, retained, negative, and zero. The types are derived from patterns of student responses to individual items on a multiple-choice test. The micro and macro data from the "Test of Understanding in College…

Weathering the financial storm: The importance of fundamentals and flexibility

DEFF Research Database (Denmark)

Ólafsson, Tjörvi; Pétursson, Thórarinn G.

The recent global financial tsunami has had economic consequences that have not been witnessed since the Great Depression. But while some countries suffered a particularly large contraction in economic activity on top of a system-wide banking and currency collapse, others came off relatively ligh...... in determining the economic impact of the crisis and, in particular, that countries with sound fundamentals and flexible economic frameworks were better able to weather the financial storm....

Miniature Piezoelectric Macro-Mass Balance

Science.gov (United States)

Sherrit, Stewart; Trebi-Ollennu, Ashitey; Bonitz, Robert G.; Bar-Cohen, Yoseph

2010-01-01

Mass balances usually use a strain gauge that requires an impedance measurement and is susceptible to noise and thermal drift. A piezoelectric balance can be used to measure mass directly by monitoring the voltage developed across the piezoelectric balance, which is linear with weight or it can be used in resonance to produce a frequency change proportional to the mass change (see figure). The piezoelectric actuator/balance is swept in frequency through its fundamental resonance. If a small mass is added to the balance, the resonance frequency shifts down in proportion to the mass. By monitoring the frequency shift, the mass can be determined. This design allows for two independent measurements of mass. Additionally, more than one sample can be verified because this invention allows for each sample to be transported away from the measuring device upon completion of the measurement, if required. A piezoelectric actuator, or many piezoelectric actuators, was placed between the collection plate of the sampling system and the support structure. As the sample mass is added to the plate, the piezoelectrics are stressed, causing them to produce a voltage that is proportional to the mass and acceleration. In addition, a change in mass delta m produces a change in the resonance frequency with delta f proportional to delta m. In a microgravity environment, the spacecraft could be accelerated to produce a force on the piezoelectric actuator that would produce a voltage proportional to the mass and acceleration. Alternatively, the acceleration could be used to force the mass on the plate, and the inertial effects of the mass on the plate would produce a shift in the resonance frequency with the change in frequency related to the mass change. Three prototypes of the mass balance mechanism were developed. These macro-mass balances each consist of a solid base and an APA 60 Cedrat flextensional piezoelectric actuator supporting a measuring plate. A similar structure with 3 APA

The term structure of interest rates and macroeconomic factors: Evidence from Indian financial market

Directory of Open Access Journals (Sweden)

K. Hassan Shareef

2017-12-01

Full Text Available The term structure of interest rate per-se is not impeccable for explaining the behavior of the future economic conditions and hence incorporating macro factors in the term structure model is more tractable. The study uses monthly data of macro factors for a period of eighteen years from April 1998 to May 2016. Using structural vector auto regression estimates, Granger causality/block exogeneity wald test along with impulse response functions and forecast error variance decomposition analysis the study tests the proportion of term structure attributable to macro-economic shocks. The findings of the study show that short term rates are mainly influenced by the fiscal deficit present in emerging economies while long term rates get affected when market participants revise their expectation on yields. In addition, the output growth of the country is mainly depended on long and short rates and exchange rate fluctuations have a significant role in the fiscal deficit of the country. Keywords: Term structure of interest rates, Inflation, Output growth, NEER, Monetary policy rate, JEL Classification: E43, E31, E2

Intake of macro- and micronutrients in Danish vegans.

Science.gov (United States)

Kristensen, Nadja B; Madsen, Mia L; Hansen, Tue H; Allin, Kristine H; Hoppe, Camilla; Fagt, Sisse; Lausten, Mia S; Gøbel, Rikke J; Vestergaard, Henrik; Hansen, Torben; Pedersen, Oluf

2015-10-30

Since information about macro- and micronutrient intake among vegans is limited we aimed to determine and evaluate their dietary and supplementary intake. Seventy 18-61 years old Danish vegans completed a four-day weighed food record from which their daily intake of macro- and micronutrients was assessed and subsequently compared to an age-range-matched group of 1,257 omnivorous individuals from the general Danish population. Moreover, the vegan dietary and supplementary intake was compared to the 2012 Nordic Nutrition Recommendations (NNR). Dietary intake differed significantly between vegans and the general Danish population in all measured macro- and micronutrients (p vegans the intake of macro- and micronutrients (including supplements) did not reach the NNR for protein, vitamin D, iodine and selenium. Among vegan women vitamin A intake also failed to reach the recommendations. With reference to the NNR, the dietary content of added sugar, sodium and fatty acids, including the ratio of PUFA to SFA, was more favorable among vegans. At the macronutrient level, the diet of Danish vegans is in better accordance with the NNR than the diet of the general Danish population. At the micronutrient level, considering both diet and supplements, the vegan diet falls short in certain nutrients, suggesting a need for greater attention toward ensuring recommended daily intake of specific vitamins and minerals.

Large Swings in Currencies driven by Fundamentals

NARCIS (Netherlands)

P. Cumperayot (Phornchanok); C.G. de Vries (Casper)

2006-01-01

textabstractExchange rate returns are fat-tailed distributed. We provide evidence that the apparent non-normality derives from the behavior of macroeconomic fundamentals. Economic and probabilistic arguments are offered for such a relationship. Empirical support is given by testing against normality

Soil dehydrogenase activity of natural macro aggregates in a toposequence of forest soil

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Maira Kussainova

2013-01-01

Full Text Available The main objective of this study was to determine changes in soil dehydrogenase activity in natural macro aggregates development along a slope in forest soils. This study was carried out in Kocadag, Samsun, Turkey. Four landscape positions i.e., summit, shoulder backslope and footslope, were selected. For each landseape position, soil macro aggregates were separated into six aggregate size classes using a dry sieving method and then dehydrogenase activity was analyzed. In this research, topography influenced the macroaggregate size and dehydrogenase activity within the aggregates. At all landscape positions, the contents of macro aggregates (especially > 6.3 mm and 2.00–4.75 mm in all soil samples were higher than other macro aggregate contents. In footslope position, the soils had generally the higher dehydrogenase activity than the other positions at all landscape positions. In all positions, except for shoulder, dehydrogenase activity was greater macro aggregates of <1 mm than in the other macro aggregate size.

Comprehensive comparison of macro-strain mode and displacement mode based on different sensing technologies

Science.gov (United States)

Hong, Wan; Zhang, Jian; Wu, Gang; Wu, Zhishen

2015-01-01

A comprehensive comparison of macro-strain mode and displacement mode obtained from distributed macro-strain sensing and high-density point sensing (such as accelerometers) technologies is presented in this paper. Theoretical derivation reveals that displacement mode shape from accelerometers and modal macro-strain from distributed macro-strain sensors can be converted into each other. However, it is realized that displacement mode shape as global behavior of a structure can still be calculated with high-precision from modal macro-strain considering measurement errors in practical monitoring, whereas modal macro-strain can hardly be accurately achieved from displacement mode shape when signals are corrupted with noise in practical monitoring. Simulation and experiment results show that the calculated displacement mode shapes are very close to the actual ones even if the noise level reaches 5%. Meanwhile, damage index using measured modal macro-strain is still effective when the measurements are corrupted with 5% noise which is reliable for damage detection in practical monitoring. Calculating modal macro-strain from noise-polluted displacement mode shape will cause an unacceptable error if the noise level reaches only 0.5%, which has been verified in the simulation.

'Time is costly': modelling the macroeconomic impact of scaling-up antiretroviral treatment in sub-Saharan Africa.

Science.gov (United States)

Ventelou, Bruno; Moatti, Jean-Paul; Videau, Yann; Kazatchkine, Michel

2008-01-02

Macroeconomic policy requirements may limit the capacity of national and international policy-makers to allocate sufficient resources for scaling-up access to HIV care and treatment in developing countries. An endogenous growth model, which takes into account the evolution of society's human capital, was used to assess the macroeconomic impact of policies aimed at scaling-up access to HIV/AIDS treatment in six African countries (Angola, Benin, Cameroon, Central African Republic, Ivory Coast and Zimbabwe). The model results showed that scaling-up access to treatment in the affected population would limit gross domestic product losses due to AIDS although differently from country to country. In our simulated scenarios of access to antiretroviral therapy, only 10.3% of the AIDS shock is counterbalanced in Zimbabwe, against 85.2% in Angola and even 100.0% in Benin (a total recovery). For four out of the six countries (Angola, Benin, Cameroon, Ivory Coast), the macro-economic gains of scaling-up would become potentially superior to its associated costs in 2010. Despite the variability of HIV prevalence rates between countries, macro-economic estimates strongly suggest that a massive investment in scaling-up access to HIV treatment may efficiently counteract the detrimental long-term impact of the HIV pandemic on economic growth, to the extent that the AIDS shock has not already driven the economy beyond an irreversible 'no-development epidemiological trap'.

Muslim fundamentalism: something to be understood or to be explained away?

NARCIS (Netherlands)

Bruinessen, M.M. van

1995-01-01

This article surveys various attempts to make sociological sense of the diverse Muslim movements often lumped together under the label of fundamentalism. Explanations of fundamentalism as a form of resistance to modernization or those reducing it to social and economic discontent may have some

Female Genital Cutting: Fundamentals, Social Expectations and Change

OpenAIRE

Bicchieri, Cristina; Marini, Annalisa

2015-01-01

The paper studies the relationship between female genital cutting (FGC) dynamics, beliefs and fundamentals across African countries. Results show that social and economic conditions are worse in countries where FGC is practiced. However, if we consider the dynamics of FGC in those countries, there is no clear link between fundamentals and the abandonment of the practice. Instead, we find a significant correlation with social expectations and trust. Our findings support the implementation of b...

Coronal mass ejections and their sheath regions in interplanetary space

Science.gov (United States)

Kilpua, Emilia; Koskinen, Hannu E. J.; Pulkkinen, Tuija I.

2017-11-01

Interplanetary coronal mass ejections (ICMEs) are large-scale heliospheric transients that originate from the Sun. When an ICME is sufficiently faster than the preceding solar wind, a shock wave develops ahead of the ICME. The turbulent region between the shock and the ICME is called the sheath region. ICMEs and their sheaths and shocks are all interesting structures from the fundamental plasma physics viewpoint. They are also key drivers of space weather disturbances in the heliosphere and planetary environments. ICME-driven shock waves can accelerate charged particles to high energies. Sheaths and ICMEs drive practically all intense geospace storms at the Earth, and they can also affect dramatically the planetary radiation environments and atmospheres. This review focuses on the current understanding of observational signatures and properties of ICMEs and the associated sheath regions based on five decades of studies. In addition, we discuss modelling of ICMEs and many fundamental outstanding questions on their origin, evolution and effects, largely due to the limitations of single spacecraft observations of these macro-scale structures. We also present current understanding of space weather consequences of these large-scale solar wind structures, including effects at the other Solar System planets and exoplanets. We specially emphasize the different origin, properties and consequences of the sheaths and ICMEs.

Coronal mass ejections and their sheath regions in interplanetary space

Directory of Open Access Journals (Sweden)

Emilia Kilpua

2017-11-01

Full Text Available Abstract Interplanetary coronal mass ejections (ICMEs are large-scale heliospheric transients that originate from the Sun. When an ICME is sufficiently faster than the preceding solar wind, a shock wave develops ahead of the ICME. The turbulent region between the shock and the ICME is called the sheath region. ICMEs and their sheaths and shocks are all interesting structures from the fundamental plasma physics viewpoint. They are also key drivers of space weather disturbances in the heliosphere and planetary environments. ICME-driven shock waves can accelerate charged particles to high energies. Sheaths and ICMEs drive practically all intense geospace storms at the Earth, and they can also affect dramatically the planetary radiation environments and atmospheres. This review focuses on the current understanding of observational signatures and properties of ICMEs and the associated sheath regions based on five decades of studies. In addition, we discuss modelling of ICMEs and many fundamental outstanding questions on their origin, evolution and effects, largely due to the limitations of single spacecraft observations of these macro-scale structures. We also present current understanding of space weather consequences of these large-scale solar wind structures, including effects at the other Solar System planets and exoplanets. We specially emphasize the different origin, properties and consequences of the sheaths and ICMEs.

Immunopositivity for histone macroH2A1 isoforms marks steatosis-associated hepatocellular carcinoma.

Directory of Open Access Journals (Sweden)

Francesca Rappa

Full Text Available Hepatocellular carcinoma (HCC is one of the most common cancers worldwide. Prevention and risk reduction are important and the identification of specific biomarkers for early diagnosis of HCC represents an active field of research. Increasing evidence indicates that fat accumulation in the liver, defined as hepatosteatosis, is an independent and strong risk factor for developing an HCC. MacroH2A1, a histone protein generally associated with the repressed regions of chromosomes, is involved in hepatic lipid metabolism and is present in two alternative spliced isoforms, macroH2A1.1 and macroH2A1.2. These isoforms have been shown to predict lung and colon cancer recurrence but to our knowledge, their role in fatty-liver associated HCC has not been investigated previously.We examined macroH2A1.1 and macroH2A1.2 protein expression levels in the liver of two murine models of fat-associated HCC, the high fat diet/diethylnistrosamine (DEN and the phosphatase and tensin homolog (PTEN liver specific knock-out (KO mouse, and in human liver samples of subjects with steatosis or HCC, using immunoblotting and immunohistochemistry.Protein levels for both macroH2A1 isoforms were massively upregulated in HCC, whereas macroH2A1.2 was specifically upregulated in steatosis. In addition, examination of human liver samples showed a significant difference (p<0.01 in number of positive nuclei in HCC (100% of tumor cells positive for either macroH2A1.1 or macroH2A1.2, when compared to steatosis (<2% of hepatocytes positive for either isoform. The steatotic areas flanking the tumors were highly immunopositive for macroH2A1.1 and macroH2A1.2.These data obtained in mice and humans suggest that both macroH2A1 isoforms may play a role in HCC pathogenesis and moreover may be considered as novel diagnostic markers for human HCC.

Admissibility region for rarefaction shock waves in dense gases

OpenAIRE

Zamfirescu, C.; Guardone, A.; Colonna, P.

2008-01-01

In the vapour phase and close to the liquid–vapour saturation curve, fluids made of complex molecules are expected to exhibit a thermodynamic region in which the fundamental derivative of gasdynamic ? is negative. In this region, non-classical gasdynamic phenomena such as rarefaction shock waves are physically admissible, namely they obey the second law of thermodynamics and fulfil the speed-orienting condition for mechanical stability. Previous studies have demonstrated that the thermodynami...

Dampak Guncangan Variabel Makroekonomi terhadap Beta Indeks Sektoral di BEI

Directory of Open Access Journals (Sweden)

Ernawati Alena

2017-09-01

Full Text Available Changes in macro Economic factors will increase or decrease systematic risk potentially. Systematic risk is measured using beta (β of a security to the market risk. Beta value can be used as a tool to predict the level of risk of certain conditions on the market as a result of changes in Economic conditions. This study aims to determine the impact of shocks in macroEconomic variables against beta sectoral indices in Indonesia Stock Exchange. MacroEconomic variables used were fed rate, Dow Jones Indexes, inflation, industrial production Index (IPI, exchange rate (Rate, oil price and interest rate (SBI. The method used is the analysis of VAR / VECM using impulse response (IRF and forecast Error variance decomposition (FEVD in the period of 2001–2015. The results showed that stock Index of agriculture and mining sector has an aggressive stock because it has an average beta value >1, Property and Real Estate were sector with defensive stock characteristics because it has an average beta < 1. MacroEconomic variables which has the most influence on beta of sectoral Indexes are inflation, interest rates and oil price. Beta of sectoral agricultural, various industry, consumer goods and finance were the most affected by macroEconomic shock variables. Keywords: beta, sectoral stock Indexes, macroeconomic variables, impulse response function, FEVDAbstrak: Perubahan-perubahan yang terjadi pada faktor makroekonomi berpotensi untuk meningkatkan atau menurunkan risiko sistematis. Risiko sistematis diukur dengan menggunakan beta (β pasar, yaitu beta dari suatu sekuritas terhadap risiko pasar. Nilai beta dapat digunakan sebagai alat untuk memprediksi tingkat risiko terhadap kondisi tertentu pada pasar akibat dari perubahan kondisi ekonomi. Penelitian ini bertujuan untuk mengetahui dampak guncangan variabel makroekonomi terhadap beta indeks sektoral di Bursa Efek Indonesia. Variabel makroekonomi yang digunakan adalah fed rate, dow jones, inflasi, indeks

The asymmetric effect of coal price on the China's macro economy using NARDL model

Science.gov (United States)

Hou, J. C.; Yang, M. C.

2016-08-01

The present work endeavors to explore the asymmetric effect of coal price on the China's macro economy by applying nonlinear autoregressive distributed lag (NARDL) model for the period of January 2005 to June 2015. The obtained results indicate that the coal price has a strong asymmetric effect on China's macro economy in the long-run. Namely one percent increase in coal price leads to 0.6194 percent of the China's macro economy increase; and while the coal price is reduces by 1 percent, the China's macro economy will decrease by 0.008 percent. These data indicate that when coal price rises, the effect on China's macro economy is far greater than the price decline. In the short-run, coal price fluctuation has a positive effect on the China's macro economy.

Neoclassical economic orthodoxy and the need for a new post-crisis economic paradigm

Directory of Open Access Journals (Sweden)

Andrei JOSAN

2013-08-01

Full Text Available Capitalism is a social adaptive system that evolve, change and grow in response to the challenges of a rapidly changing economic environment. When capitalism is seriously threatened by a systemic crisis, a new version much better adapted to existing conditions appears. Critical analysis of the fundamental ideas underlying neoclassical economic theory shows that the capitalist system is fundamentally a dynamic and therefore static neoclassical models proved to be unsuitable for studying it. Contrary to neoclassical economic vision, the capitalist economy is not governed by immutable economic laws. Global systemic crisis of capitalism that began in 2007 has highlighted the need for a new economic paradigm on which to be built and to be performed a new version of capitalism, in line with the increasingly complex realities of a globalized and quick changing world.

Slow shocks and their transition to fast shocks in the inner solar wind

International Nuclear Information System (INIS)

Wang, Y.C.

1987-01-01

The jump conditions of MHD shocks may be directly calculated as functions of three upstream conditions: the shock Alfven number based on the normal component of the relative shock speed, the shock angle, and the plasma β value. The shock Alfven number is less than 1 for a slow shock and greater than 1 for a fast shock. A traveling, forward shock can be a slow shock in coronal space, where the Alfven speed is of the order of 1000 km/s. The surface of a forward slow shock has a bow-shaped geometry with its nose facing toward the sun. The decrease in the Alfven speed at increasing heliocentric distance causes the shock Alfven number of a forward slow shock to become greater than 1, and the shock eventually evolves from a slow shock into a fast shock. During the transition the shock system consists of a slow shock, a fast shock, and a rotational discontinuity. They intersect along a closed transition line. As the system moves outward from the sun, the area enclosed by the transition line expands, the fast shock grows stronger, and the slow shock becomes weaker. Eventually, the slow shock diminishes, and the entire shock system evolves into a forward fast shock. copyrightAmerican Geophysical Union 1987

Different Variants of Fundamental Portfolio

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Tarczyński Waldemar

2014-06-01

Full Text Available The paper proposes the fundamental portfolio of securities. This portfolio is an alternative for the classic Markowitz model, which combines fundamental analysis with portfolio analysis. The method’s main idea is based on the use of the TMAI1 synthetic measure and, in limiting conditions, the use of risk and the portfolio’s rate of return in the objective function. Different variants of fundamental portfolio have been considered under an empirical study. The effectiveness of the proposed solutions has been related to the classic portfolio constructed with the help of the Markowitz model and the WIG20 market index’s rate of return. All portfolios were constructed with data on rates of return for 2005. Their effectiveness in 2006- 2013 was then evaluated. The studied period comprises the end of the bull market, the 2007-2009 crisis, the 2010 bull market and the 2011 crisis. This allows for the evaluation of the solutions’ flexibility in various extreme situations. For the construction of the fundamental portfolio’s objective function and the TMAI, the study made use of financial and economic data on selected indicators retrieved from Notoria Serwis for 2005.

Labour market asymmetries and shock absorption in a monetary union: are government coalitions effective?

Directory of Open Access Journals (Sweden)

Oros Cornel

2008-01-01

Full Text Available Given a monetary Union which is heterogeneous at the level of labour market flexibility, this paper investigates the effects in terms of macroeconomic stabilization of the different degrees of fiscal coordination between governments. We use a static Keynesian model within a closed monetary Union and we introduce an intermediate level of coordination between the national governments, which is the variable geometry coordination between economic clubs consisting of structurally close countries. The distinction between the wide Union's welfare and each country member's individual welfare proves that the effectiveness of a variable geometry fiscal coordination mainly depends on the type of the economic shocks affecting the Union members, the nature of the fiscal spillovers, and the extent of the Union's structural heterogeneity. While this type of game is effective in neutralizing the demand shocks, it doesn't manage to improve the national protection of all the country members against the supply shocks. .

Participating Unequally? Assessing the Macro-Micro Relationship between Income Inequality and Political Engagement in Europe

Directory of Open Access Journals (Sweden)

Andrea Filetti

2016-04-01

Full Text Available A great deal of attention has been paid to the consequences of economic inequality on political participation, yet only few empirical studies address the macro-micro relationship between income in-equality and individual engagement. Furthermore, empirical indications diverge and give rise to competing theoretical arguments to be tested. This article seeks to fill this gap and to do so by using the latest round of the European Social Survey (ESS. The contribution is twofold: on the one hand, it establishes a direct link between measures of economic and political inequality - albeit of a particular type. On the other, it provides an up-to-date picture on participatory trends in Europe. In more details, income inequality is found to depress overall political participation and, most importantly, to increase the participatory gap between rich and poor for all unconventional forms of engagement.

Financiële spanning en informeel sociaal isolement: De rol van macro-economische omstandigheden en sociale zekerheidsuitgaven in 32 Europese landen in het decennium na de eeuwwisseling

NARCIS (Netherlands)

Visser, M.; Gesthuizen, M.J.W.; Scheepers, P.L.H.

2013-01-01

This study examines to what extent financial strain, that is, difficulties to cope on one's income, is related to informal social isolation, that is, lacking social contacts with friend, relatives and colleagues. We consider to what extent macro-economic conditions and social protection expenditure

High macro rubber band ligature

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José A. Reis Neto

2013-07-01

Full Text Available Purpose: The goal of a rubber band ligature is to promote fibrosis of the submucosa with subsequent fixation of the anal epithelium to the underlying sphincter. Following this principle, a new technique of ligature was developed based on two aspects: 1. macro banding: to have a better fibrosis and fixation by banding a bigger volume of mucosa and 2. higher ligature: to have this fixation at the origin of the hemorrhoidal cushion displacement. Methods: 1634 patients with internal hemorrhoidal disease grade II or III were treated by the technique called high macro rubber band. There was no distinction as to age, gender or race. To perform this technique a new hemorrhoidal device was specially designed with a larger diameter and a bigger capacity for mucosal volume aspiration. It is recommended to utilize a longer and wider anoscope to obtain a better view of the anal canal, which will facilitate the injection of submucosa higher in the anal canal and the insertion of the rubber band device. The hemorrhoidal cushion must be banded higher in the anal canal (4 cm above the pectinate line. It is preferable to treat all the hemorrhoids in one single session (maximum of three areas banded. Results: The analysis was retrospective without any comparison with conventional banding. The period of evaluation extended from one to twelve years. The analysis of the results showed perianal edema in 1.6% of the patients, immediate tenesmus in 0.8%, intense pain (need for parenteral analgesia in 1.6%, urinary retention in 0.1% of the patients and a symptomatic recurrence rate of 4.2%. All patients with symptomatic recurrence were treated with a new session of macro rubber banding. None of the patients developed anal or rectal sepsis. Small post-ligature bleeding was observed only in 0.8% of the patients. Conclusions: The high macro rubber banding technique represents an alternative method for the treatment of hemorrhoidal disease grades II or III, with good

A cross-comparison of different techniques for modeling macro-level cyclist crashes.

Science.gov (United States)

Guo, Yanyong; Osama, Ahmed; Sayed, Tarek

2018-04-01

Despite the recognized benefits of cycling as a sustainable mode of transportation, cyclists are considered vulnerable road users and there are concerns about their safety. Therefore, it is essential to investigate the factors affecting cyclist safety. The goal of this study is to evaluate and compare different approaches of modeling macro-level cyclist safety as well as investigating factors that contribute to cyclist crashes using a comprehensive list of covariates. Data from 134 traffic analysis zones (TAZs) in the City of Vancouver were used to develop macro-level crash models (CM) incorporating variables related to actual traffic exposure, socio-economics, land use, built environment, and bike network. Four types of CMs were developed under a full Bayesian framework: Poisson lognormal model (PLN), random intercepts PLN model (RIPLN), random parameters PLN model (RPPLN), and spatial PLN model (SPLN). The SPLN model had the best goodness of fit, and the results highlighted the significant effects of spatial correlation. The models showed that the cyclist crashes were positively associated with bike and vehicle exposure measures, households, commercial area density, and signal density. On the other hand, negative associations were found between cyclist crashes and some bike network indicators such as average edge length, average zonal slope, and off-street bike links. Copyright © 2018 Elsevier Ltd. All rights reserved.

Political Parties and Social Policy Responses to Global Economic Crises

DEFF Research Database (Denmark)

Starke, Peter; Kaasch, Alexandra; van Hooren, Franca

2014-01-01

Based on empirical findings froma comparative study onwelfare state responses to the four major economic shocks (the 1970s oil shocks, the early 1990s recession, the 2008 financial crisis) in four OECD countries, this article demonstrates that, in contrast to conventional wisdom, policy responses...... to global economic crises vary significantly across countries. What explains the cross-national and within-case variation in responses to crises?We discuss several potential causes of this pattern and argue that political parties and the party composition of governments can play a key role in shaping crisis...

Economic competitiveness of nuclear power in China

International Nuclear Information System (INIS)

Hu Chuanwen

2005-01-01

Development of nuclear power in China has made a good progress. Currently, economic competitiveness of nuclear power compared to fossil-fuelled power plants is one of the major problems which hamper its development. This article presents the economic competitiveness of nuclear power in China with two-level analyses. First, levelized lifetime cost method is adopted for electricity generation cost comparisons. Important factors influencing economic competitiveness of nuclear power are described. Furthermore, a broad economic evaluation of the full fuel chain of nuclear power and fossil-fuelled plants is discussed concerning macro social-economic issues, environmental and health impacts. The comprehensive comparative assessment would be carried out for decision making to implement nuclear power programme. In consideration of external costs and carbon value, the economic competitiveness of nuclear power would be further improved. Facing swift economic growth, huge energy demand and heavy environmental burden, nuclear power could play a significant role in sustainable development in China. (authors)

The Development of Forms of Corporate Social Responsibility in Russia in the Current Economic Conditions

Directory of Open Access Journals (Sweden)

Natalya Arzumanova

2015-02-01

Full Text Available The article reveals the characteristic features of modern trends in the formation and implementation of corporate social responsibility in Russia in the current economic conditions, which is based on the fact that reasonable economic interests oriented business not only on maximizing profits, but also to improve their own macro - socio-economic, natural, political, through voluntary investment profits in the respective areas.

Loan Supply Shocks in Macedonia: A Bayesian SVAR Approach with Sign Restrictions

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Rilind Kabashi

2016-06-01

Full Text Available This paper analyzes the effects of loan supply, as well as aggregate demand,aggregate supply and monetary policy shocks between 1998 and 2014 in Macedonia using a structural vector autoregression model with sign restrictions and Bayesian estimation. The main results indicate that loan supply shocks have no significant effect on loan volumes and lending rates, or on economic activity and prices. The effects of monetary policy on lending activity are fairly limited, although there is some evidence that it affects lending rates more than loan volumes. Monetary policy shocks have strong effects on inflation, while the central bank reacts strongly to adverse shocks hitting the economy. Baseline results are confirmed by several robustness checks. According to historical decomposition, the lending activity was supporting economic growth before and during the crisis, but its contribution became negative during the recovery and it was a drag on growth until the end of the period. Pre-crisis GDP growth is mostly explained by supportive monetary policy. However, the restrictive monetary policy during the crisis contributed to the fall of GDP, before becoming supportive again during the early stages of the recovery. Policy rates in recent years mostly reflect subdued lending activity and aggregate supply factors, which the central bank tries to counteract with a more accommodative policy.

Oil prices and the South African economy. A macro-meso-micro analysis

International Nuclear Information System (INIS)

Fofana, Ismael; Chitiga, Margaret; Mabugu, Ramos

2009-01-01

Three levels of analysis are used to track the channels by which South Africa and its people are impacted by an increase of oil prices, namely the macro-economic level, the meso-economic level and the micro-economic/household level. The paper uses an economy and energy integrated approach to quantify these different channels. The approach combines a household survey dataset and an input-output dataset to implement the models. Results indicate that the impacts on the macroeconomy are negative, with gross domestic product falling and the current account balance worsening. All of the industries falling into the high intensive oil - use group witness an increase of their input cost that is above the economy - wide average. The impact of doubling paraffin prices results in poor households in rural areas and among the ''Black'' population, in particular, witnessing an increase of their cost of living which is much higher than their corresponding highest expenditure quintile groups. An increase of transport fuel hits the richer households much harder. The distributional impacts of rising transport cost as a consequence of high oil and oil-products prices shows that median quintile expenditure groups observe the highest impact both in urban and rural areas and especially among the ''Black'' population. (author)

Expression, purification and crystallization of the SARS-CoV macro domain

International Nuclear Information System (INIS)

Malet, Hélène; Dalle, Karen; Brémond, Nicolas; Tocque, Fabienne; Blangy, Stéphanie; Campanacci, Valérie; Coutard, Bruno; Grisel, Sacha; Lichière, Julie; Lantez, Violaine; Cambillau, Christian; Canard, Bruno; Egloff, Marie-Pierre

2006-01-01

The SARS-CoV macro domain was expressed, purified and crystallized. Selenomethionine-labelled crystals diffracted to 1.8 Å resolution. Macro domains or X domains are found as modules of multidomain proteins, but can also constitute a protein on their own. Recently, biochemical and structural studies of cellular macro domains have been performed, showing that they are active as ADP-ribose-1′′-phosphatases. Macro domains are also present in a number of positive-stranded RNA viruses, but their precise function in viral replication is still unknown. The major human pathogen severe acute respiratory syndrome coronavirus (SARS-CoV) encodes 16 non-structural proteins (nsps), one of which (nsp3) encompasses a macro domain. The SARS-CoV nsp3 gene region corresponding to amino acids 182–355 has been cloned, expressed in Escherichia coli, purified and crystallized. The crystals belong to space group P2 1 , with unit-cell parameters a = 37.5, b = 55.6, c = 108.9 Å, β = 91.4°, and the asymmetric unit contains either two or three molecules. Both native and selenomethionine-labelled crystals diffract to 1.8 Å

Plasma membrane partitioning: from macro-domains to new views on plasmodesmata

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Yohann eBoutté

2014-04-01

Full Text Available Compartmentalization of cellular functions relies on partitioning of domains of diverse sizes within the plasma membrane (PM. Macro-domains measure several micrometers and contain specific proteins concentrated to specific sides (apical, basal and lateral of the PM conferring a polarity to the cell. Cell polarity is one of the driving forces in tissue and growth patterning. To maintain macro-domains within the PM, eukaryotic cells exert diverse mechanisms to counteract the free lateral diffusion of proteins. Protein activation/inactivation, endocytosis, PM recycling of transmembrane proteins and the role of diffusion barriers in macro-domains partitioning at PM will be discussed. Moreover, as plasmodesmata (PDs are domains inserted within the PM which also mediate tissue and growth patterning, it is essential to understand how segregation of specific set of proteins is maintained at PDs while PDs domains are smaller in size compared to macro-domains. Here, we will present mechanisms allowing restriction of proteins at PM macrodomains, but for which molecular components have been found in PDs proteome. We will explore the hypothesis that partitioning of macro-domains and PDs may be ruled by similar mechanisms.

Expression, purification and crystallization of the SARS-CoV macro domain

Energy Technology Data Exchange (ETDEWEB)

Malet, Hélène; Dalle, Karen; Brémond, Nicolas; Tocque, Fabienne; Blangy, Stéphanie; Campanacci, Valérie; Coutard, Bruno; Grisel, Sacha; Lichière, Julie; Lantez, Violaine; Cambillau, Christian; Canard, Bruno; Egloff, Marie-Pierre, E-mail: marie-pierre.egloff@afmb.univ-mrs.fr [Centre National de la Recherche Scientifique and Universités d’Aix-Marseille I et II, UMR 6098, Architecture et Fonction des Macromolécules Biologiques, UMR 6098-Case 932, 163 Avenue de Luminy, 13288 Marseille CEDEX 9 (France)

2006-04-01

The SARS-CoV macro domain was expressed, purified and crystallized. Selenomethionine-labelled crystals diffracted to 1.8 Å resolution. Macro domains or X domains are found as modules of multidomain proteins, but can also constitute a protein on their own. Recently, biochemical and structural studies of cellular macro domains have been performed, showing that they are active as ADP-ribose-1′′-phosphatases. Macro domains are also present in a number of positive-stranded RNA viruses, but their precise function in viral replication is still unknown. The major human pathogen severe acute respiratory syndrome coronavirus (SARS-CoV) encodes 16 non-structural proteins (nsps), one of which (nsp3) encompasses a macro domain. The SARS-CoV nsp3 gene region corresponding to amino acids 182–355 has been cloned, expressed in Escherichia coli, purified and crystallized. The crystals belong to space group P2{sub 1}, with unit-cell parameters a = 37.5, b = 55.6, c = 108.9 Å, β = 91.4°, and the asymmetric unit contains either two or three molecules. Both native and selenomethionine-labelled crystals diffract to 1.8 Å.

Fundamental concepts on energy

International Nuclear Information System (INIS)

Rodriguez, M.H.

1998-01-01

The fundamental concepts on energy and the different forms in which it is manifested are presented. Since it is possible to transform energy in a way to other, the laws that govern these transformations are discussed. The energy transformation processes are an essential compound in the capacity humanizes to survive and be developed. The energy use brings important economic aspects, technical and political. Because this, any decision to administer energy system will be key for our future life

Did the crisis really hurt? Effects of the 1980-82 economic recession on satisfaction, mental health and mortality

NARCIS (Netherlands)

R. Veenhoven (Ruut)

1989-01-01

textabstractThis book is about the social costs of macro-economic fluctuations. It considers the effects of the 1980/1982 economic recession on individual well-being in the OECD countries. Timeseries data are presented on income evaluation, life-satisfaction, health complaints, psychosomatic

Analytical and numerical modelling of thermoviscous shocks in their interactions in nonlinear fluids including dissipation

DEFF Research Database (Denmark)

Rasmussen, Anders Rønne; Sørensen, Mads Peter; Gaididei, Yuri Borisovich

2010-01-01

A wave equation, that governs finite amplitude acoustic disturbances in a thermoviscous Newtonian fluid, and includes nonlinear terms up to second order, is proposed. The equation preserves the Hamiltonian structure of the fundamental fluid dynamical equations in the non dissipative limit. An exact...... thermoviscous shock solution is derived. This solution is, in an overall sense, equivalent to the Taylor shock solution of the Burgers equation. However, in contrast to the Burgers equation, the model equation considered here is capable to describe waves propagating in opposite directions. Studies of head...

The histone variant macroH2A is an epigenetic regulator of key developmental genes

DEFF Research Database (Denmark)

Buschbeck, Marcus; Uribesalgo, Iris; Wibowo, Indra

2009-01-01

The histone variants macroH2A1 and macroH2A2 are associated with X chromosome inactivation in female mammals. However, the physiological function of macroH2A proteins on autosomes is poorly understood. Microarray-based analysis in human male pluripotent cells uncovered occupancy of both macroH2A ...

Perspectives of economics – behavioural economics

Directory of Open Access Journals (Sweden)

Paula-Elena DIACON

2013-07-01

Full Text Available The present turning point, accentuated by the crisis, has revitalized the interdisciplinary study of economics and determined the reconsideration of its fundamental bases as a social science. The economists have abandoned the traditional neoclassical sphere and have directed towards understanding the behaviour resorting to psychology and developing in this manner a new field - behavioural economics. This article examines whether this economic sub-discipline is a viable research direction and the extent to which it may increase the explanatory power of science by providing a realistic database for analysis, taking into account the complexity of the human factor.

Experiments in a Combustion-Driven Shock Tube with an Area Change

Science.gov (United States)

Schmidt, B. E.; Bobbitt, B.; Parziale, N. J.; Shepherd, J. E.

Shock tubes are versatile and useful tools for studying high temperature gas dynamics and the production of hypervelocity flows. High shock speeds are desirable for creating higher enthalpy, pressure, and temperature in the test gas which makes the study of thermo-chemical effects on fluid dynamics possible. Independent of construction and operational cost, free-piston drivers, such as the one used in the T5 facility at Caltech, give the best performance [3]. The high operational cost and long turnaround time of such a facility make a more economical option desirable for smaller-scale testing.

Credit shocks in the financial deregulatory era: not the usual suspects

Czech Academy of Sciences Publication Activity Database

Benk, S.; Gillman, M.; Kejak, Michal

-, E2005/13 (2005), s. 1-28 ISSN 1749-6101 Institutional research plan: CEZ:AV0Z70850503 Keywords : business cycle * credit shocks * financial deregulation Subject RIV: AH - Economics http://www.cardiff.ac.uk/carbs/econ/workingpapers/papers/2005_13.pdf

Money velocity in an endogenous growth business cycle with credit shocks

Czech Academy of Sciences Publication Activity Database

Benk, S.; Gillman, M.; Kejak, Michal

-, E2007/14 (2007), s. 1-16 ISSN 1749-6101 Institutional research plan: CEZ:MSM0021620846 Keywords : money velocity * business cycle * credit shocks Subject RIV: AH - Economics http://www.cf.ac.uk/carbs/econ/workingpapers/papers/E2007_14.pdf

POVERTY TRAPS, ECONOMIC INEQUALITY AN INCENTIVES FOR DELINQUENCY

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Edgar Villa

2013-12-01

Full Text Available This paper explores theoretical linkages between poverty traps, economic inequality and delinquency in a perfect competition overlapping generations model characterized by dual legal production sectors and one illegal sector. The model posits an absence of credit for human capital accumulation, which generates barriers to skilled educational attainment. We find that the existence of a poverty trap under conditions of sufficient initial economic inequality and costly indivisible human capital investment generates persistent delinquency in the long run. We examine steady state changes caused by shocks that increase skilled wages or reduce land assets available to the unskilled, finding that these shocks produce outbursts of delinquency that die out later if the shocks are temporary but increases permanently otherwise. We also find that an increase on relative poverty has an ambiguous effect on long run delinquency rates while an increased focus on law enforcement policies, intended to increase deterrence and incapacitation, reduces delinquency in the long run and increases wealth inequality.

Toxic shock syndrome

Science.gov (United States)

Staphylococcal toxic shock syndrome; Toxic shock-like syndrome; TSLS ... Toxic shock syndrome is caused by a toxin produced by some types of staphylococcus bacteria. A similar problem, called toxic shock- ...

Shocks, preferences, and institutions: experimental evidence from Sub-Saharan Africa

NARCIS (Netherlands)

Cecchi, F.

2015-01-01

Both preferences and institutions are central to economic theory. Insofar as they cannot be taken as given, it is important to understand how they are formed, and how they “respond” to shocks. This thesis investigates the endogenous formation of preferences and institutions. It presents

Collaboration potentials in micro and macro politics of audience creativity

DEFF Research Database (Denmark)

Brites, Maria José; Chimirri, Niklas Alexander; Amaral, Inês

2017-01-01

In our stakeholder consultation following up on trends concerning the micro and macropolitics of audience action, we explore the potential impact of audiences’ micro-participation and connection to macro-actions. We address this issue taking into consideration intrinsic continuities and discontin...... and discontinuities between academia and the stakeholders’ perspectives. Our findings continue to emphasise the • (dis)connections between micro and macro actions • a technological appeal for action • collaboration potentials between academia and other stakeholders.......In our stakeholder consultation following up on trends concerning the micro and macropolitics of audience action, we explore the potential impact of audiences’ micro-participation and connection to macro-actions. We address this issue taking into consideration intrinsic continuities...

PETRO.CALC.PLOT, Microsoft Excel macros to aid petrologic interpretation

Science.gov (United States)

Sidder, G.B.

1994-01-01

PETRO.CALC.PLOT is a package of macros which normalizes whole-rock oxide data to 100%, calculates the cation percentages and molecular proportions used for normative mineral calculations, computes the apices for ternary diagrams, determines sums and ratios of specific elements of petrologic interest, and plots 33 X-Y graphs and five ternary diagrams. PETRO.CALC.PLOT also may be used to create other diagrams as desired by the user. The macros run in Microsoft Excel 3.0 and 4.0 for Macintosh computers and in Microsoft Excel 3.0 and 4.0 for Windows. Macros provided in PETRO.CALC.PLOT minimize repetition and time required to recalculate and plot whole-rock oxide data for petrologic analysis. ?? 1994.

Were Mankiw, Romer, and Weil right? A reconciliation of the micro and macro effects of schooling on income.

OpenAIRE

Breton, Theodore R.

2013-01-01

In Mankiw, Romer, and Weil's augmented Solow model [Quarterly Journal of Economics 107 (2) 407–437 (1992)], the marginal product of human capital accrues to three factors of production: directly to human capital, and as an external effect to physical capital and labor. This paper estimates national stocks of human capital in 1990 created from prior investment in schooling and shows that for 36 countries the (macro) marginal product of human capital accruing to workers in 1990 is consistent wi...

Epidemics in Ming and Qing China: Impacts of changes of climate and economic well-being.

Science.gov (United States)

Pei, Qing; Zhang, David D; Li, Guodong; Winterhalder, Bruce; Lee, Harry F

2015-07-01

We investigated the mechanism of epidemics with the impacts of climate change and socio-economic fluctuations in the Ming and Qing Dynasties in China (AD 1368-1901). Using long-term and high-quality datasets, this study is the first quantitative research that verifies the 'climate change → economy → epidemics' mechanism in historical China by statistical methods that include correlation analysis, Granger causality analysis, ARX, and Poisson-ARX modeling. The analysis provides the evidences that climate change could only fundamentally lead to the epidemics spread and occurrence, but the depressed economic well-being is the direct trigger of epidemics spread and occurrence at the national and long term scale in historical China. Moreover, statistical modeling shows that economic well-being is more important than population pressure in the mechanism of epidemics. However, population pressure remains a key element in determining the social vulnerability of the epidemics occurrence under climate change. Notably, the findings not only support adaptation theories but also enhance our confidence to address climatic shocks if economic buffering capacity can be promoted steadily. The findings can be a basis for scientists and policymakers in addressing global and regional environmental changes. Copyright © 2015 Elsevier Ltd. All rights reserved.

Learning to Solve Problems by Searching for Macro-Operators

Science.gov (United States)

1983-07-01

executing generalized robot plans. Aritificial Intelligence 3:25 1-288, 1972. [Frey 821 Frey, Alexander Ii. Jr., and David Singmaster. Handbook of Cubik...and that searching for macros may be a useful general learning paradigm. 1.1. Introduction One view of die die field of artificial intelligence is that... intelligence literature [Schofield 67, Gaschnig 79, Ericsson 761 and provides one of the simplest examples of the operation of the Macro Problem Solver. It

Coronal mass ejection shock fronts containing the two types of intermediate shocks

International Nuclear Information System (INIS)

Steinolfson, R.S.; Hundhausen, A.J.

1990-01-01

Numerical solutions of the time-dependent, magnetohydrodynamic (MHD) equations in two dimensions are used to demonstrate the formation of both types of intermediate shocks in a single shock front for physical conditions that are an idealization of those expected to occur in some observed coronal mass ejections. The key to producing such a shock configuration in the simulations is the use of an initial atmosphere containing a magnetic field representative of that in a coronal streamer with open field lines overlying a region of closed field lines. Previous attempts using just open field lines (perpendicular to the surface) produced shock configurations containing just one of the two intermediate shock types. A schematic of such a shock front containing both intermediate shock types has been constructed previously based solely on the known properties of MHD shocks from the Rankine-Hugoniot equations and specific requirements placed on the shock solution at points along the front where the shock normal and upstream magnetic field are aligned. The shock front also contains, at various locations along the front, a hydrodynamic (nonmagnetic) shock, a switch-on shock, and a fast shock in addition to the intermediate shocks. This particular configuration occurs when the shock front speed exceeds the upstream (preshock) intermediate wave speed but is less than a critical speed defined in the paper (equation 1) along at least some portion of the shock front. A distinctive feature of the front is that it is concave upward (away from the surface) near the region where the field in the preshock plasma is normal to the front of near the central portion of the shock front

Contours of New Economic Theory

Directory of Open Access Journals (Sweden)

Garry Jacobs

2015-05-01

Full Text Available The need for a paradigm change in economic thought has been well established, but the contours and fundamental characteristics of a new paradigm in economic theory are yet to be worked out. This article views this transition as an inevitable expression of the maturation of the social sciences into an integrated trans-disciplinary science of society founded on common underlying principles, premises and processes. It calls for evolution of human-centered, value-based economic theory whose objective is to maximize human economic security, welfare and well-being rather than economic growth. It emphasizes the determinative role of fundamental creative social processes expressing in all fields of human endeavor. It argues for extending the boundaries of economics to encompass the entire gamut of political, legal, social, psychological, intellectual, organizational and ecological factors that directly and indirectly contribute to economic security, welfare and well-being. The article concludes with a list of anticipated practical implications.

A esportivização do skate (1960-1990: relações entre o macro e o micro La deportivización del skate (1960-1990: relaciones entre lo macro y micro The sportivization of skateboarding (1960-1990: relations between the macro and the micro

Directory of Open Access Journals (Sweden)

Tony Honorato

2013-03-01

Full Text Available O objetivo deste estudo foi apresentar elementos da esportivização da prática cultural skate (1960-1990, como conhecimento para o entendimento da relação entre o micro e o macro processo sócio-histórico do skate. Como fonte de pesquisa histórica para a esportivização do skate no Brasil, dimensão macro, utilizamos a Revista Tribo Skate e para a de Piracicaba/SP, dimensão micro, entrevistamos dois colaboradores a partir do método da história oral. Os resultados evidenciaram que o skate surgiu para gerar fortes tensões agradáveis, suas formas de lazer precedem as formas esportivas e, guardadas as particularidades, os seus processos macro e micro-históricos são interdependentes.El objetivo del estudio fue presentar elementos de la deportivización de la práctica cultural skate (1960-1990, como conocimiento para el entendimiento de la relación entre el micro y macro proceso socio-histórico del mismo. Como fuente de investigación histórica para la deportivización del skate en Brasil, dimensión macro, utilizamos la Revista Tribo Skate y para la de Piracicaba/SP, dimensión micro, entrevistamos dos colaboradores a partir del método de historia oral. Los resultados evidenciaron que el skate surgió para generar fuertes tensiones agradables, sus formas de ocio preceden a sus formas deportivas y, salvando las particularidades, los procesos macro y micro-históricos son interdependientes.The objective of this study is to present the elements of the sportivization of the cultural practice of skateboarding (1960-1990, as knowledge for the understanding of the relation between the micro and the macro social and historical processes of skateboarding. We used the magazine Revista Tribo Skate as source of historical research for the sportivization of skateboarding in Brazil, the macro dimension, and for the micro dimension, the city of Piracicaba/SP, where we interviewed two collaborators based on the method of oral history. The results

AIRLINE COMPANIES ECONOMIC SAFETY FUNDAMENTAL PRINCIPLES WITHIN THE SYSTEM OF NATIONAL SAFETY

Directory of Open Access Journals (Sweden)