Informality and the Development and Demolition of Urban Villages in the Chinese Peri-urban Area

The fate of Chinese urban villages (chengzhongcun) has recently attracted both research and policy attention. Two important unaddressed questions are: what are the sources of informality in otherwise orderly Chinese cities; and, will village redevelopment policy eliminate informality in the Chinese city? Reflecting on the long-established study of informal settlements and recent research on informality, it is argued that the informality in China has been created by the dual urban-rural land market and land management system and by an underprovision of migrant housing. The redevelopment of chengzhongcun is an attempt to eliminate this informality and to create more governable spaces through formal land development; but since it fails to tackle the root demand for unregulated living and working space, village redevelopment only leads to the replication of informality in more remote rural villages, in other urban neighbourhoods and, to some extent, in the redeveloped neighbourhoods. © 2012 Urban Studies Journal Limited

Experiments with document archive size detection

The size of a document archive is a very important parameter for resource selection in distributed information retrieval systems. In this paper, we present a method for automatically detecting the size (ie the number of documents) of a document archive, in case the archive itself does not provide such information. In addition, a method for detecting incremental change of the archive size is also presented, which can be useful for deciding if a resource description has become obsolete and needs to be regenerated. An experimental evaluation of these methods shows that they provide quite acurate information

A multifactor consumption based asset pricing model of the UK stock market: The US stock market as a wealth reference

Here a multifactor model of UK stock returns is developed, replacing the conventional consumption habit reference by a relation that depends on US wealth. Two step Instrumental Variables and Generalized Method of Moments estimators are applied to reduce the impact of weak instruments. The standard errors are corrected for the generated regressor problem and the model is found to explain UK excess returns by UK consumption growth and expected US excess returns. Hence, controlling for nomina l effects by subtracting a risk free rate and conditioning on real US excess returns provides a coherent explanation of the equity premium puzzle

Multifactor consumption based asset pricing model of the UK stock market: The US stock market as a wealth reference

Copyright @ 2011 University of BirminghamHere a multifactor model of UK stock returns is developed, replac- ingHere a multifactor model of UK stock returns is developed, replacing the conventional consumption habit reference by a relation that depends on US wealth. Two step Instrumental Variables and Generalized Method of Moments estimators are applied to reduce the impact of weak instruments. The standard errors are corrected for the generated regressor problem and the model is found to explain UK excess returns by UK consumption growth and expected US excess returns. Hence, controlling for nominal effects by subtracting a risk free rate and conditioning on real US excess returns provides an appealing explanation of the equity premium puzzle. US excess returns. Hence, controlling for nominal e¤ects by subtracting a risk free rate and conditioning on real US excess returns provides an appealing explanation of the equity premium puzzle

Ultra High Energy Cosmic Rays: Strangelets? -- Extra dimensions, TeV-scale black holes and strange matter

The conjecture that ultra high energy cosmic rays (UHECRs) are actually strangelets is discussed. Besides the reason that strangelets can do as cosmic rays beyond the GZK-cutoff, another argument to support the conjecture is addressed in this letter via the study of formation of TeV-scale microscopic black holes when UHECRs bombarding bare strange stars. It is proposed that the exotic quark surface of a bare strange star could be an effective astro-laboratory in the investigations of the extra dimensions and of the detection of ultra-high energy neutrino fluxes. The flux of neutrinos (and other point-like particles) with energy >2.3 x 10^{20} eV could be expected to be smaller than 10^{-26} cm^{-2}$ s^{-1} if there are two extra spatial dimensions.Comment: accepted by Chin. Phys. Lett., or at http://vega.bac.pku.edu.cn/~rxxu/publications/index_P.ht