356 research outputs found

    Liberalizing trade in environmental goods and services

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    We examine the effects of trade liberalization in environmental goods in a model with one domestic downstream polluting firm and two upstream firms (one domestic, one foreign). The upstream firms offer their technologies to the downstream firm at a flat fee. The domestic government sets the emission tax rate after the outcome of R&D is known. The effect of liberalization on the domestic upstream firm's R&D incentive is ambiguous. Liberalization usually results in cleaner production, which allows the country to reach higher welfare. However this increase in welfare is typically achieved at the expense of the environment (a backfire effect)

    An extreme firm-specific news sentiment asymmetry based trading strategy

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    News sentiment has been empirically observed to have impact on financial market returns. In this study, we investigate firm-specific news from the Thomson Reuters News Analytics data from 2003 to 2014 and propose an optimal trading strategy based on a sentiment shock score and a sentiment trend score which measure extreme positive and negative sentiment levels for individual stocks. The intuition behind this approach is that the impact of events that generate extreme investor sentiment changes tends to have long and lasting effects to market movement and hence provides better prediction to market returns. We document that there exists an optimal signal region for both indicators. And we also show extreme positive sentiment provides better a signal than extreme negative sentiment, which presents an asymmetric market behavior in terms of news sentiment impact. The back test results show that extreme positive sentiment generates robust and superior trading signals in all market conditions, and its risk-adjusted returns significantly outperform the S&P 500 index over the same time period

    PERENCANAAN FDD-LTE MENGGUNAKAN FREKUENSI 1800MHZ PADA PERANCANGAN INDOOR BUILDING COVERAGE DI YOGYA KEPATIHAN BANDUNG

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    Material sebuah gedung merupakan salah satu penyebab dari terjadinya fading sehingga menghambat sinyal masuk ke dalam gedung yang mengakibatkan sinyal didalam gedung tersebut lemah. Pada gedung Yogya Kepatihan memiliki masalah terhadap kualitas jaringan didalamnya sehingga butuh dilakukannya perencanaan Indoor untuk mengatasi masalah tersebut. Berdasarkan hasil analisis dilakukannya walk test diperoleh nilai rata-rata dari RSRP sebesar -96 dBm dan SINR sebesar 8 dB, sedangkan drivetest sekitaran Gedung memperoleh hasil RSRP sebesar -72 dBm dan SINR sebesar 5 dB. Penerapan Indoor Building Coverage (IBC) ini menggunakan sistem Distributed Antenna System (DAS) dengan teknik FDD-LTE pita frekuensi 1800 MHz, untuk simulasinya menggunakan Radiowave Propagation Software (RPS) dengan model propagasi Cost-231 Multi-Wall Indoor. Operator Telkomsel menjadi kasus dalam penerapan ini. Walktest di dalam gedung menggunakan Nemo handy, sedangkan drivetest menggunakan GnetTrack Pro. Setelah mendapatkan data lalu dilanjutkan perhitungan capacity planning dan coverage planning sehingga mendapatkan perhitungan untuk jumlah antena yang akan di simulasikan ke dalam software RPS untuk mendapatkan hasil parameter yang sesuai dengan standar Key Performance Indicator (KPI) Operator Telkomsel yaitu RSRP > -85 dBm dan SINR > 10 dB. Dari hasil simulasi ini, diperoleh peningkatan nilai rata-rata RSRP > -76 dBm sebanyak 81,95% dan rata-rata nilai SINR > 26 sebanyak 71,56%. Kata Kunci: LTE, FDD, IBC, DAS, RPS

    The humanistic roots of Islamic administration and leadership for education : philosophical foundations for cross-cultural and transcultural teaching

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    For a number of decades, a humanistic approach has been a minor but persistent one in the Western field of administrative and leadership studies, and only recently has been broadening to include other humanist traditions (Dierksmeier et al., 2011) and has yet to be fully explored in educational administration and its pedagogy and curriculum although some foundational work has been done (e.g., Samier, 2005). The focus in this chapter is on the Islamic humanist tradition as it relates to the teaching of educational administration and leadership in a Muslim context, with implications for cross-cultural and transcultural use. The second purpose of the chapter is to show the correspondences that exist between the Islamic and Western humanist traditions in terms of human values, knowledge and educational ideal, which in this chapter are argued to be close to the Western Idealist tradition and the German Bildung conception of education as well as the strong interpretive and hermeneutic foundations that originated in the Islamic tradition and which influenced the foundations of many relevant European schools of thought, particularly in the Enlightenment.The initial section of the chapter is a comparative examination of the central principles of the Islamic humanist tradition from the classical through to contemporary times with the Western humanist tradition as they relate to conceptions of the good, ethics, the construction of meaning and a set of higher order values predicated upon human dignity, integrity, empathy, well-being, and the public good (Goodman, 2003) covering a number of important scholars like Al Farabi, al Isfanhani, and Edward Said (e.g., Kraemer, 1986). In both, professions are viewed as meaningful work that allow for large measures of decision making, and are grounded in human qualities and needs including autonomy, freedom and emancipation balanced with responsibilities, obligations and duties to society. These are compared with the corresponding principles of knowledge in Western humanism which includes a strong constructivist view of reality (Makdisi, 1990). Secondly, the chapter examines the principles of good or ideal leadership and administration that humanism aims at in its preparation of officials, including those in the educational sector in both the classical Islamic tradition (Hassi, 2012) and Western approaches to humanistic administration and leadership (Czarniawska-Joerges & Guillet de Monthoux, 1994; Gagliardi & Czarniawska, 2006; Leoussi, 2000). The third section focusses on close correspondences that exist between the Islamic (Afsaruddin, 2016; al-Attas, 1980; Yasin & Jani, 2013) and Western (Aloni, 2007; Veugelers, 2011) humanist education traditions in terms of educational ideal as well as the kind of teaching practices that distinguish these traditions (Daiber, 2013; Dossett, 2014) as they apply to educational administration and leadership (Greenfield & Ribbins, 1993). The chapter concludes with a discussion of how the Islamic humanist tradition can contribute to cross-cultural and transcultural graduate teaching in international educational administration (Khan & Amann, 2013)

    Interactions Between Climate and Trade Policies: A Survey

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    Being on the field when the game is still under way. The financial press and stock markets in times of crisis

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    This paper looks at the relationship between negative news and stock markets in times of global crisis, such as the 2008/2009 period. We analysed one year of front page banner headlines of three financial newspapers, the Wall Street Journal, Financial Times, and Il Sole24ore to examine the influence of bad news both on stock market volatility and dynamic correlation. Our results show that the press and markets influenced each other in generating market volatility and in particular, that the Wall Street Journal had a crucial effect both on the volatility and correlation between the US and foreign markets. We also found significant differences between newspapers in their interpretation of the crisis, with the Financial Times being significantly pessimistic even in phases of low market volatility. Our results confirm the reflexive nature of stock markets. When the situation is uncertain and unpredictable, market behaviour may even reflect qualitative, big picture, and subjective information such as streamers in a newspaper, whose economic and informative value is questionable
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