Functional equilibrium

Xem 1-20 trên 119 kết quả Functional equilibrium
  • More recently, Granger (1986) and Johansen and Juselius (1990) proposed to determine the existence of long-term equilibrium among selected variables through cointegration analysis, paving the way for a (by now) preferred approach to examining the economic variables-stock markets relationship. A set of time-series variables are cointegrated if they are integrated of the same order and a linear combination of them is stationary. Such linear combinations would then point to the existence of a long-term relationship between the variables.

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  • The Mangalore coast which is situated at the western part of the Indian peninsula stretching to about 22 Kms of Coastal district of Dakshina Kannada, Karnataka. The healthy condition of the aquatic system depends upon its physical, chemical and biological characteristics which actually fluctuate with season and degree of pollution. Marine ecosystem is one of the richest ecosystems (Cairns & Dickson, 1971). Industrialisation, development activities in coastal zones have placed enormous stress on habitats.

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  • To be able to use the functionality of PRISM in full, users have to register in the system by entering their user identifi cation and password (which are not case sensitive) and clicking the REGISTER NOW menu. The registration is needed to enable the users to receive a confi rmation e-mail message when their simulations are done so that they can view the results.

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  • Horizontal integration. The concept of horizontal integration recognizes the inter- dependence of physical, mental, developmental, and oral health services; the inef- ficiencies that result when programs with common outcomes goals are operated independently in different sectors; and the importance of cross-sector service de- livery pathways and innovative delivery platforms to create more-functional con- tinuums of care.

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  • Tham khảo sách 'understanding non-equilibrium thermo dynamics g. lebon', kỹ thuật - công nghệ, cơ khí - chế tạo máy phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả

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  • The Mexican legal system is a mixture of U.S. constitutional theory within a civil law system. Mexico’s legal framework concerning real property includes the Federal Constitution, Federal Civil Code, state civil codes, municipal laws and ordinances. Additionally, the Foreign Investment Law and Foreign Investment Law Regulations regulate foreign investment. In Mexico, real property is classified as either public, private or communal, the nature of which will affect the property’s use and potential alienation.

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  • This book was written to complete the curriculum requirement of the Master’s of Macroeconomics degree. Macroeconomics is a very practical subject and can be very useful for policy making. Domestic and international economies are subjected to variations in savings, income, exchange rates, as well as interest rates and the balance of payments. This book attempts to explain the domestic and international factors responsible for creating the equilibrium of the balance of payments, interest rates and inflation....

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  • The purpose of this book is to offer a unifying conceptual framework for the normative study of taxation and related subjects in public eco- nomics. Such a framework necessarily begins with a statement of the social objective, taken here to be the maximization of a conventional social welfare function, and then asks how various government instru- ments are best orchestrated to achieve it. The structure is built on the foundation provided by the fundamental theorems of welfare econom- ics.

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  • As the financial system in most emerging economies is centred on banks, an important aspect of the development of bond markets is the impact on the banking system. One frequently heard worry is that bond markets could take business away from the banks. This raises some potential concerns for bank supervisors. On the other hand, if it means firms are less vulnerable to weaknesses in the banking system, corporate bond issuance can help central banks achieve steady economic growth.

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  • Empirical evidence regarding international relative prices at the consumer level suggests that arbitrage in international markets is not rapid and that these markets are highly segmented. In fact, even markets for traded goods appear to be highly segmented internationally: In the data, both real exchange rate movements and deviations from the law of one price for traded goods are large and persistent.

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  • Consider a system with a single degree of freedom and assume that the equation expressing its dynamic equilibrium is a second order ordinary differential equation (ODE) in the generalized coordinate x.

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  • The dehesa is an ancient agrosilvopastoral system created by farmers to raise livestock, mainly on private lands. This system is highly appreciated by society and enjoys legal protection of the authorities because it is rich in biodiversity, a home to critically endangered species (Iberian lynx, imperial eagle and black vulture); a significant carbon sink; ethnologically and anthropologically valuable (culture and traditions); and is known for its scenic value.

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  • An important part of evaluating the auditor’s objectivity and professional skepticism is for the audit committee to gauge the frankness and informative nature of responses to open-ended questions put to the lead audit engagement partner (and members of the audit engagement team as appropriate).

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  • The web in recent years has experienced an explosion in the number of devices users employ to access services. A single user may access a certain service using multiple devices. Most services allow clients to access the service through a broker. The client is then forced to interact with the service via this broker throughout the duration that it is using the service. If the broker fails, the client is denied servicing till such time that the failed broker recovers.

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  • Roger-Mark De Souza is the technical director of the population, health, and environment program at the Population Reference Bureau. His responsibilities include designing, managing and implementing policy research, capacity building, technical assistance, and media projects in developing countries. De Souza holds graduate degrees from the George Washington University and the University of the West Indies. John S. Williams, a demographer at the Population Reference Bureau, specializes in population, environment, and community programs.

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  • Neither source of performance is particularly correlated with the four Fama-French benchmarks, indicating that the private skills identified by these predictability-based strategies are based on characteristics of funds that are heretofore undocumented by the mutual fund literature. The remainder of this paper proceeds as follows. Section 2 sets forth an econometric framework for studying investments in mutual funds when business cycle variables may predict future returns. Section 3 describes the data used in the empirical analysis, and Section 4 presents the findings.

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  • Overall, our analysis can be understood as one of the first cross-country empirical studies on the determinants of bank fees and as a contribution to the literature testing the contradictory empirical predictions of the SCP and ES hypotheses regarding the influence of concentration on prices in the banking industry.

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  • Bond funds, which accounted for €373 billion of Irish IFs by shares/units in issue, experienced inflows of €12 billion and positive revaluations of €4.2 billion, amid generally increasing bond prices. This continues a longer term trend of significant inflows into bond funds, which comprised 42 per cent of Irish IFs by end-Q3 2012, compared with 24 per cent at end-Q1 2010.

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  • Efhami Sisi et al., in Chapter Four, review the effect of management practices on anatomical, physiological and morphological characteristics of trees in agroforestry systems. They specifically assess the impact of initial spacing between trees and treecrop inter-planting on tree growth and wood properties in a tree-alfalfa intercropping system in a temperate region.

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  • Clearly there is not enough training. National and local governments should start paying more attention to training needs and budgets, be- cause the bilateral and the multilateral agencies cannot keep supporting training at the current rate. National budgets have to start allocating resources for training. There are some management issues. A demand-driven approach may reduce funding for poorer communities, because they are often the ones least able to develop their own projects.

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