Economic Integration in East Asia: Trends, Prospects, and a Possible Roadmap

This paper, which is a revised version of the ADB Working Paper on Regional Economic Integration No. 2, reviews trends in East Asian regionalism in the areas of trade and investment, money and finance, and infrastructure. It finds that trade and, to a lesser extent, financial integration is starting to increase in the region. It also finds that business cycles are starting to be more synchronized, enhancing the case for further monetary integration among these countries. The paper also outlines a roadmap for East Asian integration.

A scheme for cancelling intercarrier interference using conjugate transmission in multicarrier communication systems

To mitigate intercarrier interference (ICI), a two-path algorithm is developed for multicarrier communication systems, including orthogonal frequency division multiplexing (OFDM) systems. The first path employs the regular OFDM algorithm. The second path uses the conjugate transmission of the first path. The combination of both paths forms a conjugate ICI cancellation scheme at the receiver. This conjugate cancellation (CC) scheme provides (1) a high signal to interference power ratio (SIR) in the presence of small frequency offsets (50 dB and 33 dB higher than that of the regular OFDM and linear self-cancellation algorithms [1], [2], respectively, at ΔfT = 0.1% of subcarrier frequency spacing); (2) better bit error rate (BER) performance in both additive white Gaussian noise (AWGN) and fading channels; (3) backward compatibility with the existing OFDM system; (4) no channel equalization is needed for reducing ICI, a simple low cost receiver without increasing system complexity. Although the two-path transmission reduces bandwidth efficiency, the disadvantage can be balanced by increasing signal alphabet sizes

Economic Integration in East Asia: Trends, Prospects, and a Possible Roadmap

This paper reviews trends in East Asian regionalism in the areas of trade and investment, money and finance, and infrastructure. It presents various measures of trade and financial integration. An important finding of the paper is that increasing trade and financial integration in the region is now starting to lead to a synchronization of business cycles in a selected group of countries, further enhancing the case for monetary integration among these countries. The paper also outlines a roadmap for East Asian integration.ASEAN/East Asian economic cooperation and integration; business cycle synchronization; free trade agreements; policy coordination

Planting date, storage and gibberellic acid affect dormancy of Zantedeschia Spreng. hybrids : a thesis presented in partial fulfilment of the requirements for the degree of Masters in Applied Science, Massey University, Palmerston North, New Zealand

To match the supply of Zantedeschia cut flowers and tubers to the demands of the international market, crops have to be timed to a schedule, which requires control of the growth cycle and, in particular, dormancy. In order to improve the predictability and accuracy of timing of Zantedeschia, the effect of different planting seasons and two dormancy-breaking treatments were tested on cultivars 'Black Magic' and 'Treasure', which were known to have a contrasting level of dormancy. Tissue-cultured plants were ex-flasked in July and November 1999, and grown for 180 days in a heated glasshouse (first cycle). Between 120 and 180 days of growth, plants were harvested at 15 days intervals, and tubers cured. Subsequently, tubers were stored for 0 or 3 weeks (10 ± 1°C; 70-80% RH) and dipped in 100 mg.L -1 gibberellic acid plus surfactant or water plus surfactant, prior to planting for dormancy assessment (second cycle). Growing the plants with four months difference in planting date did not cause major alteration in the occurrence of dormancy. Dormancy was brought forward by up to 10 days after the November date of ex-flask, but this was most likely to be due to higher temperatures during that period. In contrast, depth of dormancy varied between cultivars, with 'Black Magic' taking in average 16 days longer to emerge than 'Treasure'. Storage partially released bud dormancy of the tubers. It increased emergence to over 80% regardless of the time of harvest in the first cycle and cultivar, but reduced time to emergence mostly after harvests at 180 days. Furthermore, following storage, time to emergence was reduced to over 50 and 30 days for 'Black Magic' and 'Treasure', respectively, which exceeded the commercially acceptable period to emerge. Gibberellic acid also broke bud dormancy, improving emergence to over 80%, and reduced time to emergence to between 29 and 57 days, irrespective of the time of harvest in the first cycle and cultivar. The effectiveness of gibberellic acid at any time following harvest during the first cycle, may imply that dormancy of Zantedeschia is not as deep as in temperate woody plants. Cessation of leaf emergence in the first cycle was found not to be directly related to the occurrence of dormancy. Degree-days, on the other hand, presented a possible alternative to predict this process. It was estimated that deepest dormancy of 'Black Magic' occurred between 2614 and 2732 °C-days after planting, while deepest dormancy of 'Treasure' occurred between 2681 and 2839 °C-days after planting. The present study presents storage and gibberellic acid as possible options to control dormancy, and the use of degree-days to predict the occurrence of this process. Further research is necessary to develop these options as commercially applicable practices, and to further clarify the process of dormancy in Zantedeschia

Geographical versus Industrial Diversification: A Mean Variance Spanning Approach

This paper addresses whether country allocation provides benefits over industry allocation in a sample of European country and industry indexes. Strategy performance is compared using a mean-variance spanning test. We find that, for investors with low risk aversion, industry allocation is as good as investing in the complete set of assets. Moreover, in the most recent subperiod coinciding with the inception of the Euro, country and industry diversification are both effective. By contrast, investors with high risk aversion should always mix country and industry portfolios. A striking aspect of our analysis is that we do not find empirical evidence to support the argument that country diversification is a superior approach.Diversification gains, EMU, mean-variance spanning, portfolio allocation strategies

Remotely sensed dune celerity and sand flux measurements of the world's fastest barchans (Bodele, Chad)

Quantifying sand flux with field measurements is an expensive and time-consuming process. We here present an alternative approach using the COSI-Corr software package for Earth surface deformation detection. Using pairs of ASTER satellite images, we detected dune migration in the Bodélé depression of northern Chad over time intervals of one month to 6.5 years. The displacement map can be used to automatically distinguish dunes from interdunes, which is a crucial step towards calculating sand flux. We interpolated a surface between the interdune areas and subtracted it from a digital elevation model, thus obtaining dune heights and volumes. Multiplying height with celerity yields a pixel-by-pixel estimate of the sand flux. We applied this method to large diatomite dunes in the Bodélé, confirming that these are some of the world's fastest moving barchans. Plotting dune height against inverse celerity reveals sand flux at the dune crest of >200 m3/m/yr. Average dune sand flux values for the eastern and western Bodélé are 76 and 99 m3/m/yr, respectively. The contribution of the dunes to the total area-averaged sand flux is 24–29 m3/m/yr, which is ∼10% of the saltation flux determined by previously published field measurements

Individual patient data meta-analysis of randomized controlled trials of community occupational therapy for stroke patients

<p><b>Background and Purpose:</b> Trials of occupational therapy for stroke patients living in the community have varied in their findings. It is unclear why these discrepancies have occurred.</p> <p><b>Methods:</b> Trials were identified from searches of the Cochrane Library and other sources. The primary outcome measure was the Nottingham Extended Activities of Daily Living (NEADL) score at the end of intervention. Secondary outcome measures included the Barthel Index or the Rivermead ADL (Personal ADL), General Health Questionnaire (GHQ), Nottingham Leisure Questionnaire (NLQ), and death. Data were analyzed using linear or logistic regression with a random effect for trial and adjustment for age, gender, baseline dependency, and method of follow-up. Subgroup analyses compared any occupational therapy intervention with control.</p> <p><b>Results:</b> We included 8 single-blind randomized controlled trials incorporating 1143 patients. Occupational therapy was associated with higher NEADL scores at the end of intervention (weighted mean difference [WMD], 1.30 points, 95% confidence intervals [CI], 0.47 to 2.13) and higher leisure scores at the end of intervention (WMD, 1.51 points; 95% CI, 0.24 to 2.79). Occupational therapy emphasizing activities of daily living (ADL) was associated with improved end of intervention NEADL (WMD, 1.61 points; 95% CI, 0.72 to 2.49) and personal activities of daily living (odds ratio [OR], 0.65; 95% CI, 0.46 to 0.91), but not NLQ. Leisure-based occupational therapy improved end of intervention NLQ (WMD, 1.96 points; 95% CI, 0.27 to 3.66) but not NEADL or PADL.</p> <p><b>Conclusions:</b> Community occupational therapy significantly improved personal and extended activities of daily living and leisure activity in patients with stroke. Better outcomes were found with targeted interventions.</p&gt

The Effects of the Minimum Wage in the Private and Public Sectors in Brazil

The wage and employment effects of the minimum wage predicted by the standard neoclassical theory rely on a profit maximizing firm, not on a Government employer that can cover the higher wage bill by raising taxes, reducing expenditure, or simply printing money. If the public sector has an inelastic labour demand, the associated non-negative employment effect might offset some of the negative employment effect observed in the private sector and the overall employment effect might be less adverse. This is particularly so if the public sector is overpopulated by minimum wage workers, as in Brazil. There is very limited evidence on the minimum wage effects in developing countries, and none whatsoever on the minimum wage effects across the private and public sectors. This paper estimates the effects of the minimum wage on wages and employment in both the private and public sectors. The data used is an under-explored monthly Brazilian household survey from 1982 to 2000 at individual and regional levels. Robust results suggest that the minimum wage compresses the distribution of both sectors, but in line with a stronger effect in the private sector, more adverse employment effects in the long run are also observed in that sector. In the public sector, no evidence of adverse employment effects was uncovered.minimum wage; wage effect; employment effect; private sector; public sector; Brazil