Tunisian Financial System: a Growth Factor

The relationship between financial development and economic growth were the subject of many recent theorical and empirical works [Shepherd, Hasan and Klapper, 2004; Gylfason, 2004; Rioja and Valev, 2003; Driffill, 2004; Haas, 2002; Carlin and Mayer, 2000]. These authors generally focused their analysis of the link finance- growth on the mature financial systems. As the Tunisian economy knew a long period of financial repression before starting the phases of liberalization, it would be more judicious to start by McKinnon and Shaw’s theory of “financial deepening” (1973) to then determinate the impact of Tunisian financial system development on economic growth. Indeed, McKinnon and Shaw were the first authors to analyze positive effects of financial liberalization policy on economic performance of less developed countries. To check the relevance of this assumption in Tunisian’s context, we built a model inspired of the model of King and Levine (1993) who by measuring instruments of economic and financial development appears good indicators of Tunisian economy’s financiarisation. The results of the empirical study on Tunisia stemming from causality tests within B-VAR framework nuance McKinnon and Shaw’s theorical contribution. Reciprocal relationships are only finding between the ratio of investment on the GDP and the loans granted to private and public sectors. The economic role of State is highlighted, over the period of pre-reforms as well as during the recent time.financial repression; financial deepening; economic development; finance and growth; B-VAR

Modelling of crystal structure of cis-1,2,3,6 and 3,4,5,6-tetrahydrophthalic anhydrides using lattice energy calculations

Lattice energy calculations using a model potential were performed to model the crystal structures of cis-1,2,3,6- and 3,4,5,6-tetrahydrophthalic (THP) anhydrides. The optimized molecular models using the DFT method at the B3LYP/6-31G** level were found consistent with the available experimental evidence and allowed all differences observed in crystal packing between cis-1,2,3,6- and 3,4,5,6-THP anhydrides to be reproduced. Calculations provide evidence for the presence of dipole–dipole C=O?C=O intermolecular interactions and support the idea that the molecules distort from their ideal geometries, improving packing in both crystals. The search for minima in the lattice energy of both crystals amongst the more common space groups with Z’?=?1, using a simulated annealing crystal structure prediction procedure followed by lattice energy minimization showed that the observed structure of 3,4,5,6-THP anhydride (Z’?=?2) is the thermodynamically most stable, and allowed us to justify why 3,4,5,6-THP anhydride crystallizes in such a complex structure with 16 molecules in the unit cell. The computational model was successful in predicting the second observed form at 173 K for cis-1,2,3,6-THP anhydride as a polymorph, and could predict several hypothetical structures with Z’?=?1 that appear competitive with the observed structures. The results of phonon estimates of zero point intermolecular vibrational energy and entropy suggest that crystal structures of cis-1,2,3,6-THP anhydride cannot be predicted solely on the basis of lattice energy; factors other than thermodynamics favor the observed structures

Process capability indices and X , R control chart limit adjustments by taking into account measurement system errors

This paper investigates the effects of measurement system variability arising from evaluations of process capabilities. In this work, relationships between true process capability indices, Cp,True and Cpm,True, and their corresponding observed indices, Cp,Obs and Cpm,Obs, are developed depending on the levels of type I and II errors. Moreover, the method for adjusting control chart limits used to monitor the process is proposed based on measurement system variability. An industrial case study is used to highlight the findings of this investigation and to discuss the adjustment levels that should be conducted depending on the values of type I and type II errors

Intergiciel sémantique pour la recherche des services de l'internet des objets

With the advent of the Internet of Things (IoT), we are facing a proliferation of connected devices distributed over physical locations, so called smart spaces and offering IoT services. Enabling an easy and seamless discovery of these IoT services is crucial for the success of the Internet of Things. The characteristics of IoT services, such as their sheer number, their heterogeneity and their dynamicity induced by the mobility of the related devices, make discovering them a challenge. In this thesis, we propose a system architecture and the associated mechanisms to enable efficient and scalable semantic-based IoT service discovery supporting dynamic contexts. Our approach relies on distributed semantic gateways that embed clustering, information aggregation and semantic routing mechanisms.Avec l’avènement de l’Internet des Objets, nous sommes confrontés à une prolifération des appareils connectés répartis sur des emplacements physiques, appelés des espaces intelligents et qui offrent des services de l’Internet des Objets. La découverte simple et transparente de ces services est cruciale pour le succès de l’Internet des Objets. Les caractéristiques des services de l’Internet des objets, tels que leur nombre, leur hétérogénéité et leur dynamicité induite par la mobilité des appareils connectés, rendent leur découverte difficile. Dans cette thèse, nous proposons une architecture de système et ses mécanismes associés pour permettre une découverte efficace et scalable des services de l’Internet des Objets, en se basant sur le Web Sémantique et en supportant des contextes dynamiques. Notre approche repose sur les passerelles distribuées qui intègrent des mécanismes de regroupement, d’agrégation de l’information et de routage sémantique