16 research outputs found

    Capital Inflows-National Saving Dynamics in Tunisia: Evidence from Cointegration, Weak Exogeneity and Simultaneous Error Correction Modelling

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    The negative relationship between capital inflows and savings in less developed countries is an accepted fact in the existing literature. However, this result is based essentially on standard econometrics which ignores the nonstationarity of these two variables. This study investigates the 'direct' and 'indirect' effect of capital inflows on savings in Tunisia using Johansen's multivariate cointegration technique, weak exogeneity test and simultaneous error correction modelling. In the short and long run, the econometric estimates show that capital inflows have a negative effect on domestic savings, which invalidates the Chenery-Strout thesis. Nevertheless, the direction of causality between the aggregates being dealt with still remains a subject of debate. Relying on time-series data of the Tunisian economy, Granger's causality test shows a causal relationship in the long term running from domestic savings to capital inflows. In the short term, however, this paper reveals a two-way causation. [E20, F35, C32, C51]

    A New Transfer Function for Volume Visualization of Aortic Stent and Its Application to Virtual Endoscopy

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    Aortic stent has been widely used in restoring vascular stenosis and assisting patients with cardiovascular disease. The effective visualization of aortic stent is considered to be critical to ensure the effectiveness and functions of the aortic stent in clinical practice. Volume rendering with ray casting has been used as an effective approach to enable the effective visualization of aortic stent. The volume rendering relies on the transfer function that converts the medical images into optical attributes including color and transparency. This article proposes a new transfer function, namely, the multi-dimensional transfer function, to provide additional transparency value of a voxel. The proposed approach using the additional transparency value effectively assists the distinguishing of tissues that have the same CT value. The transparency values are simultaneously determined by gray threshold and gray change threshold, which can recognize the unnecessary structures such as bones transparent. A series of experimental results demonstrate that the situation of aorta stent of a patient can be directly observed, and the angle of view can be switched arbitrarily. The proposed method provides a new way for the operation of a virtual endoscopy to reach the place of blood vessels that a traditional endoscopy fails to reach
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