14 research outputs found

    Exploring the finance-real economy link in U.S.: Empirical evidence from Panel Unit Root and Cointegration Analysis

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    The aim of this paper is to analyze the relationships between common shocks affecting the real economy and those underlying co-fluctuations in U.S. financial markets. In order to do this, we test for links between these common factors and also use the econometric theory of nonstationary panel data to estimate the relationships. The estimates prove the existence of significant relationships between financial and macroeconomic factors. It is also shown that there are forces pulling U.S. financial markets to move with the real economy, as seen through nearly instantaneous adjustment to a new equilibrium.PANIC analysis; Panel Data; Common factors; Financial Crises; U.S

    Exploring the finance-real economy link in U.S.: Empirical evidence from Panel Unit Root and Co-integration Analysis

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    The aim of this paper is to analyze the relationships between common shocks affecting the real economy and those underlying co-fluctuations in U.S. financial markets. In order to do this, we test for links between these common factors and also use the econometric theory of non-stationary panel data to estimate the relationships. The estimates prove the existence of significant relationships between financial and macroeconomic factors. It is also shown that there are forces pulling U.S. financial markets to move.Panic analysis;Panel Data;Common factors;Financial Crises;U.S

    Exploring the finance-real economy link in U.S.: Empirical evidence from Panel Unit Root and Cointegration Analysis

    Get PDF
    The aim of this paper is to analyze the relationships between common shocks affecting the real economy and those underlying co-fluctuations in U.S. financial markets. In order to do this, we test for links between these common factors and also use the econometric theory of nonstationary panel data to estimate the relationships. The estimates prove the existence of significant relationships between financial and macroeconomic factors. It is also shown that there are forces pulling U.S. financial markets to move with the real economy, as seen through nearly instantaneous adjustment to a new equilibrium

    PREPARATION OF NICKEL - COBALT SPINEL OXIDES NixCO3-xO4.COMPARISON OF TWO PHYSICAL PROPERTIES STEMMING FROM FOUR DIFFERENT PREPARATION METHODS AND USING CARBON PASTE ELECTRODE

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    A comparative study of two electro-physical properties (porosity and electrical conductivity) of binary nickel cobalt oxides electrodes with spinels mixed oxides NixCo3-xO4 as active matter, was carried out. Four different routes were used to prepare spinel-type NixCo3-xO4 (0 ≤ x ≤ 2.5) compounds in order to link these properties with the preparation method. The substitution of Ni for Co increases the conductivity and the porosity of the electrode till a certain ratio of nickel. X-ray diffraction patterns showed that the oxides crystallize in a cubic spinel phase. Electrical conductivity as well as porosity depends on the preparation route. KEY WORDS: Nickel cobalt spinel oxides, Porosity, Electrical conductivity, Mixed oxides electrodes, Carbon paste electrode, Pechini sol-gel method Bull. Chem. Soc. Ethiop. 2007, 21(2), 255-262

    SYNTHESIS AND CHARACTERIZATION OF Ni0.4Co2.6O4 SPINEL MIXED OXIDES POWDER: STUDY OF ITS SURFACE PROPERTIES BY VOLTAMMETRY, X-RAY, FTIR, UV-VIS-NIR SPECTROSCOPY AND SCANNING ELECTRON MICROSCOPY

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    Electrochemical studies were carried out on Ni0.4Co2.6O4 powders prepared by sol-gel via propionic acid method using cyclic and steady state voltammetries. The oxide surface was characterized by scanning electron microscopy (SEM), X-ray diffraction, UV-vis-NIR and FTIR spectroscopies. The results showed that the formation of homogeneous oxide with a single spinel phase occurred at 350°C. The surface redox couple NiOOH/Ni(OH)2 is confined on the surface material l. KEY WORDS: Ni0.4Co2.6O4 spinel mixed oxides powder, Sol-gel process, Surface properties Bull. Chem. Soc. Ethiop. 2005, 19(2), 213-220

    The evolving SARS-CoV-2 epidemic in Africa: Insights from rapidly expanding genomic surveillance.

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    Investment in severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2) sequencing in Africa over the past year has led to a major increase in the number of sequences that have been generated and used to track the pandemic on the continent, a number that now exceeds 100,000 genomes. Our results show an increase in the number of African countries that are able to sequence domestically and highlight that local sequencing enables faster turnaround times and more-regular routine surveillance. Despite limitations of low testing proportions, findings from this genomic surveillance study underscore the heterogeneous nature of the pandemic and illuminate the distinct dispersal dynamics of variants of concern-particularly Alpha, Beta, Delta, and Omicron-on the continent. Sustained investment for diagnostics and genomic surveillance in Africa is needed as the virus continues to evolve while the continent faces many emerging and reemerging infectious disease threats. These investments are crucial for pandemic preparedness and response and will serve the health of the continent well into the 21st century

    The evolving SARS-CoV-2 epidemic in Africa: Insights from rapidly expanding genomic surveillance

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    INTRODUCTION Investment in Africa over the past year with regard to severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2) sequencing has led to a massive increase in the number of sequences, which, to date, exceeds 100,000 sequences generated to track the pandemic on the continent. These sequences have profoundly affected how public health officials in Africa have navigated the COVID-19 pandemic. RATIONALE We demonstrate how the first 100,000 SARS-CoV-2 sequences from Africa have helped monitor the epidemic on the continent, how genomic surveillance expanded over the course of the pandemic, and how we adapted our sequencing methods to deal with an evolving virus. Finally, we also examine how viral lineages have spread across the continent in a phylogeographic framework to gain insights into the underlying temporal and spatial transmission dynamics for several variants of concern (VOCs). RESULTS Our results indicate that the number of countries in Africa that can sequence the virus within their own borders is growing and that this is coupled with a shorter turnaround time from the time of sampling to sequence submission. Ongoing evolution necessitated the continual updating of primer sets, and, as a result, eight primer sets were designed in tandem with viral evolution and used to ensure effective sequencing of the virus. The pandemic unfolded through multiple waves of infection that were each driven by distinct genetic lineages, with B.1-like ancestral strains associated with the first pandemic wave of infections in 2020. Successive waves on the continent were fueled by different VOCs, with Alpha and Beta cocirculating in distinct spatial patterns during the second wave and Delta and Omicron affecting the whole continent during the third and fourth waves, respectively. Phylogeographic reconstruction points toward distinct differences in viral importation and exportation patterns associated with the Alpha, Beta, Delta, and Omicron variants and subvariants, when considering both Africa versus the rest of the world and viral dissemination within the continent. Our epidemiological and phylogenetic inferences therefore underscore the heterogeneous nature of the pandemic on the continent and highlight key insights and challenges, for instance, recognizing the limitations of low testing proportions. We also highlight the early warning capacity that genomic surveillance in Africa has had for the rest of the world with the detection of new lineages and variants, the most recent being the characterization of various Omicron subvariants. CONCLUSION Sustained investment for diagnostics and genomic surveillance in Africa is needed as the virus continues to evolve. This is important not only to help combat SARS-CoV-2 on the continent but also because it can be used as a platform to help address the many emerging and reemerging infectious disease threats in Africa. In particular, capacity building for local sequencing within countries or within the continent should be prioritized because this is generally associated with shorter turnaround times, providing the most benefit to local public health authorities tasked with pandemic response and mitigation and allowing for the fastest reaction to localized outbreaks. These investments are crucial for pandemic preparedness and response and will serve the health of the continent well into the 21st century

    Les effets d'une contrainte de crédit sur la convergence économique : le cas des pays de l'UEMOA

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    Comouvements économiques dans les pays de la Zone CFA : Une analyse par le modèle factoriel dynamique généralisé

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    The aim of this paper is to check whether the economic and monetary policies developed under the CFA area create co-movements of business cycles of member countries. Indeed, the synchronization of business cycles is a result which can help to appreciate the degree of regional integration. Using the generalized dynamic factor model by Forni et al. (2004), we analyzed the one hand the co-movements between countries of CFA area over the period 1980-2004 and on the other hand we also conducted an analysis for UEMOA and CEMAC areas over the same period. This enabled us also to examine the effectiveness of the economic and monetary integration policies which are specific to these two sub-regional entities and also to check determinants of co-movements in their business cycles.regional integration ; Co-movement ; Dynamic Factor Model ; CFA area
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