Impacts of Regulating Greenhouse Gas Emissions on Livestock Trade Flows

The policies that regulate greenhouse gas emissions would provide a significant burden to emission industries as well as final consumers, which can lead to a strong influence on international trade flows of commodities. This study examines the impact of regulating greenhouse gas emissions on livestock trade flows using a commodity specific gravity model approach. This study finds that regulating greenhouse gas emissions has a negative effect on livestock trade flows from countries restricting greenhouse gas emissions to unrestricting countries, from restricting to restricting countries, and from unrestricting to restricting countries.gravity model, livestock, regulating greenhouse gas emission, trade, Environmental Economics and Policy, Livestock Production/Industries,

A variational perturbation scheme for many-particle systems in the functional integral approach

A variational Perturbation theory based on the functional integral approach is formulated for many-particle systems. Using the variational action obtained through Jensen-Peierls' inequality, a perturbative expansion scheme for the thermodynamic potential is established. A modified Wick's theorem is obtained for the variational perturbation expansions. This theorem allows one to carry out systematic calculations of higher order terms without worrying about the double counting problem. A model numerical calculation was carried out on a nucleon gas system interacting through the Yukawa-type potential to test the efficiency of the present method.Comment: accepted for publication in Phys. Rev.

NOMINAL EXCHANGE RATE MISALIGNMENT: IS IT PARTICULARLY IMPORTANT TO AGRICULTURAL TRADE?

This paper examines whether exchange rate misalignment negatively affects agricultural trade, compared to other industry sectors. Nominal exchange rate misalignment is obtained from the percentage deviation of real exchange rates from their long-run equilibrium based on the theory of purchasing power parity. In order to explore this issue, a bilateral trade matrix involving trade flows between 10 developed countries is constructed. Using panel data analysis, a gravity model is estimated for 4 industry sectors over the period 1974-1999. The study finds that over-valuation (under-valuation) of the nominal exchange rate negatively (positively) affects export performance of the agricultural sector in particular. In the large-scale manufacturing sectors considered in this paper, exports are not significantly affected by exchange rate misalignment.exchange rate misalignment, agricultural trade, gravity model, International Relations/Trade,

THE EFFECT OF EXCHANGE RATE VOLATILITY ON WHEAT TRADE WORLDWIDE

A modified gravity-type model was employed to evaluate the effect of exchange rate volatility on wheat exports worldwide. Special attention was given to the econometric properties of the gravity model within panel framework. Short and long-term measures of exchange rate volatility were constructed and compared. Both measures of exchange rate volatility have exhibited a negative effect on world wheat trade and the long-term effect was even larger. This result implies that exchange rate volatility is an important factor in explaining the trade pattern of wheat trade worldwide. Keywords: wheat, export, exchange rate, volatility, gravity model, and panel data.wheat, export, exchange rate, volatility, gravity model, and panel data., International Relations/Trade,

THE EFFECT OF EXCHANGE RATE VOLATILITY ON WHEAT TRADE WORLDWIDE

A modified gravity-type model was employed to evaluate the effect of exchange rate volatility on wheat exports worldwide. Special attention was given to the econometric properties of the gravity model within a panel framework. Short and long-term measures of exchange rate volatility were constructed and compared. Both measures of exchange rate volatility exhibited negative effects on world wheat trade, with even greater effects in the long-term measure. This result implies that exchange rate volatility is an important factor in explaining the trade pattern of wheat worldwide.wheat, export, exchange rate, volatility, gravity model, and panel data., International Relations/Trade,

Supernova Ejecta with Crystalline Silicate Dust in the Supernova Remnant MSH 15-52

IRAS 15099-5856 in the young supernova remnant (SNR) MSH 15-52 is the first and only SNR-associated object with crystalline silicate dust detected so far, although its nature and the origin of the crystalline silicate are still unclear. In this paper, we present high-resolution mid-infrared (MIR) imaging observations of the bright central compact source IRS1 of IRAS 15099-5856 to study the spatial distributions of gas and dust and the analysis of its Spitzer MIR spectrum to explore the origin of IRS1. The MIR images obtained with the T-ReCS attached on the Gemini South telescope show a complicated, inhomogeneous morphology of IRS1 with bright clumps and diffuse emission in [Ne II] 12.81 $\mu$m and Qa 18.30 $\mu$m, which confirms that IRS1 is an extended source externally heated by the nearby O star Muzzio 10, a candidate for the binary companion of the progenitor star. The Spitzer MIR spectrum reveals several ionic emission lines including a strong [Ne II] 12.81 $\mu$m line, but no hydrogen line is detected. We model the spectrum using the photoionization code CLOUDY with varying elemental composition. The elemental abundance of IRS1 derived from the model is close to that of SN ejecta with depleted hydrogen and enhanced metals, particularly neon, argon, and iron. Our results imply that IRS1 originates from the SN ejecta and suggest the possibility of the formation of crystalline silicate in newly-formed SN dust.Comment: 17 pages, 10 figures, submitted to Ap