Multiple changes in persistence vs. explosive behaviour: the Dotcom bubble

Based on a method developed by Leybourne, Kim and Taylor (2007) for detecting multiple changes in persistence, we test for changes in persistence in the dividend-price ratio of the NASDAQ stocks. The results confirm the existence of the so-called Dotcom bubble around the last turn of the century and its start and end dates. Furthermore, we compare the results with a test for detecting and date-stamping explosive unit-root behaviour developed by Phillips, Wu and Yu's (2011) also applied to the NASDAQ price and dividend indices. We find that Leybourne, Kim and Taylor's test is capable of detecting the Dotcom bubble as much as Phillips, Wu and Yu's test is, but there are significant differences between the bubble start and end dates suggested by both methods and between these and the dates reported by the financial media. We also find an unexpected negative bubble extending from the beginning of the 1970s to the beginning of the 1990s where the NASDAQ stock prices were below their fundamental values as indicated by their dividend yields, which has not been reported in the literature so far

Unfolding spinor wavefunctions and expectation values of general operators: Introducing the unfolding-density operator

We show that the spectral weights $W_{m\vec K}(\vec k)$ used for the unfolding of two-component spinor eigenstates $| {\psi_{m\vec K}^\mathrm{SC}} > = | \alpha > | {\psi_{m\vec{K}}^\mathrm{SC, \alpha}} > + | \beta > | {\psi_{m\vec{K}}^\mathrm{SC, \beta}} >$ can be decomposed as the sum of the partial spectral weights $W_{m\vec{K}}^{\mu}(\vec k)$ calculated for each component $\mu = \alpha, \beta$ independently, effortlessly turning a possibly complicated problem involving two coupled quantities into two independent problems of easy solution. Furthermore, we define the unfolding-density operator $\hat{\rho}_{\vec{K}}(\vec{k}_{i}; \, \varepsilon)$, which unfolds the primitive cell expectation values $\varphi^{pc}(\vec{k}; \varepsilon)$ of any arbitrary operator $\mathbf{\hat\varphi}$ according to $\varphi^{pc}(\vec{k}_{i}; \varepsilon) = \mathit{Tr}(\hat{\rho}_{\vec{K}}(\vec{k}_{i}; \, \varepsilon)\,\,\hat{\varphi})$. As a proof of concept, we apply the method to obtain the unfolded band structures, as well as the expectation values of the Pauli spin matrices, for prototypical physical systems described by two-component spinor eigenfunctions

Extended excitons and compact heliumlike biexcitons in type-II quantum dots.

We have used magneto-photoluminescence measurements to establish that InP/GaAs quantum dots have a type-II band (staggered) alignment. The average excitonic Bohr radius and the binding energy are estimated to be 15 nm and 1.5 meV respectively. When compared to bulk InP, the excitonic binding is weaker due to the repulsive (type-II) potential at the hetero-interface. The measurements are extended to over almost six orders of magnitude of laser excitation powers and to magnetic fields of up to 50 tesla. It is shown that the excitation power can be used to tune the average hole occupancy of the quantum dots, and hence the strength of the electron-hole binding. The diamagnetic shift coe±cient is observed to drastically reduce as the quantum dot ensemble makes a gradual transition from a regime where the emission is from (hydrogen-like) two-particle excitonic states to a regime where the emission from (helium-like) four-particle biexcitonic states also become significant

Configuration of self-organizing informality: socio-spatial dynamic in favelas

This paper aims to discuss on spatial patterns found in favelas throughout di erent cities worldwide, as they seem to reproduce similar con gurations and urban dynamics despite its diverse local contexts. The purpose is to explore these patterns in order to understand its social behaviour and address urban informality issues through it. To see how resilience seems to be inherent to such spaces, that grow vibrant, complex and dynamic global structures emerging and self-organizing from segregation in city space. It pursues the acknowledgement of structural morphological patterns of informality production, those genotypic characteristics that seem to be independent on culture, and might be representative of these social patterns commonly observed worldwide. Favela is observed in this study as a complex, self-organized entity, whose contrast to o cial city relies on its “bottom up” structure. It tends to follow natural rules of organization instead of formal urban strategies. Space Syntax (Hillier and Hanson, 1984) is the theoretical and methodological approach applied, through which it is possible to investigate these peculiar spatial patterns in favela, comparing several cases in Latin America, Africa and Asia. The analyses are based on axial and segment maps. Investigated variables are connectivity, local and global integration, mean depth, synergy, intelligibility, angular Choice, number and length of axes, and number and length of segments, compactness, normalized angular integration and choice for segment comparison. Findings show favela as an entity that maximises use and space into strong fragmented spatial structures, which provides the labyrinthic perception of users, but also accentuates spatial hierarchy. Topography is critical to the understanding of favela’s performance. The more accentuated, the more fragmented, labyrinthic and endogenous. Nevertheless, most analysed favelas locate in at areas and, therefore, present a tendency to better articulate with the surroundings, resulting in a softer in- and-out transition. Such topological performance seems better than Brazilian cities (Medeiros, 2013), which points out favela’s organizing structure as a possible model that could be adopted to re ne the con gurational performance of cities

Methodology for the Industry Estimates in the 2007 R&D Satellite Account

This paper is part of a series that provides the details behind the Bureau of Economic Analysis's (BEA) satellite account on research and development (R&D) activity. It describes the data and experimental methodology used to create the GDP-by-Industry component of the satellite account for thirteen R&D-intensive industries and an aggregation of all other for-profit industries.

The Frequency of Rapid Rotation Among K Giant Stars

We present the results of a search for unusually rapidly rotating giant stars in a large sample of K giants (~1300 stars) that had been spectroscopically monitored as potential targets for the Space Interferometry Mission's Astrometric Grid. The stars in this catalog are much fainter and typically more metal-poor than those of other catalogs of red giant star rotational velocities, but the spectra generally only have signal-to-noise (S/N) of ~20-60, making the measurement of the widths of individual lines difficult. To compensate for this, we have developed a cross-correlation method to derive rotational velocities in moderate S/N echelle spectra to efficiently probe this sample for rapid rotator candidates. We have discovered 28 new red giant rapid rotators as well as one extreme rapid rotator with a vsini of 86.4 km/s. Rapid rotators comprise 2.2% of our sample, which is consistent with other surveys of brighter, more metal-rich K giant stars. Although we find that the temperature distribution of rapid rotators is similar to that of the slow rotators, this may not be the case with the distributions of surface gravity and metallicity. The rapid rotators show a slight overabundance of low gravity stars and as a group are significantly more metal-poor than the slow rotators, which may indicate that the rotators are tidally-locked binaries.Comment: Accepted for publication in ApJ. 25 pages, 9 figures, 3 tables. Tables 1 and 2 are provided in their full form as plain text ancillary file

The use of linear programming to evaluate the impact of credit for investments in small goat farms.

Abstract: The PRONAF is a governmental program that subsidies the credit for investment to smallholder farming and improves the social development in Brazil. This research was carried out to evaluate the effect of increasing the values of credit for investment used for the PRONAF farmers in semi-arid areas, and their impact in the income and labor in smallholder farming production system. Economic data of dairy and meat goat systems of PRONAF farmers in ?Rio Grande do Norte?, Brazil was used. The limit of the model was the credit for investment, maximum number of animals in the system and the labor time. The current values of credit for investment (US$ 2,850.00) were increased by 25%, 50% and 100% and its impact analyzed in the farm income when considering milk and meat production. The maximum number of animals in the system was estimated by multiplying the carry capacity (1.5 heads/ha/year) plus the average pasture areas of PRONAF farms (35 ha). The maximum labor time, available for farm work, was 12 hours/day. This mathematical model was solved using linear programming with LINDO® software. When the credit for investment was expanded in 25 and 50%, the income of the system increased, respectively, to 22 and 41%. It happened because the values of credit allowed increasing the number of dairy goats in the system. However, this income was not enough to use and pay more than 5 hours/day in dairy goat system activities. When raising the credit for investment up to 100% it could increase the income of the system around 81%. It happened because the number of dairy goats grew up to 83% and the dairy production had better results than meat production. The system with more dairy goats produces enough income as to pay the farmer labor (7 hours/day) and during the other five hours could develop other activities. Therefore, the results of the analysis indicated that an increase in the credit for investment in small goat farms in semi-arid areas in Brazil could be addressed towards the dairy goat production, enhancing the income of families and employment opportunities.Edição de proceedings 9th International Goat Conference; 23th Conference ofthe Asociación Mexicana de Producción Caprinaat Queretaro, Mexico, in September 2008. XXIII Conference ofthe Asociación Mexicana de Producción Caprin

Estudo Português de Hipercolesterolemia Familiar

A Hipercolesterolemia Familiar (FH) é uma doença autossómica dominante que se caracteriza, a nível clínico, por níveis elevados de colesterol LDL, levando ao aparecimento prematuro de doenças cardiovasculares (DCV). A nível genético esta doença caracteriza-se, principalmente, por mutações em três genes: LDLR, APOB e PCSK9. Estima-se que em Portugal existam cerca de 20 000 doentes com FH. A identificação clínica de FH é possível mas apenas o estudo molecular confirma a presença da doença. O Estudo Português de Hipercolesterolemia Familiar (EPFH) tem como objectivo principal identificar a causa genética da dislipidémia em doentes com diagnóstico clínico de FH. O EPHF recebeu desde 1999, para realização do estudo molecular, 486 casos-index com diagnóstico clínico de FH e 858 familiares. O estudo molecular é realizado em 3 fases. Fase I: Identificação de mutações nos genes APOB e LDLR. Fase II: Pesquisa de grandes rearranjos no gene LDLR por MLPA. Fase III: Pesquisa de mutações no gene PCSK9. A pesquisa de mutações nos genes APOB e PCSK9 é realizada por amplificação dos fragmentos a estudar e sequenciação directa. No gene LDLR os 18 exões são amplificados dos 18 exôes por PCR e analisados por DHPLC e sequenciação. Até à data foram identificados um total de 504 doentes com um defeito genético num dos três genes estudados: 3 doentes com mutação no gene PCSK9, 12 doentes com mutação no gene APOB e 438 doentes com mutação no gene LDLR (7 dos quais em homozigotia ou heterozigotia composta). No gene LDLR foram encontradas 89 mutações diferentes, que incluem 43 mutações missense,17 delecções/inserções, 6 nonsense, 12 mutações de splicing, 4 grandes delecções e 2 no promotor e 1no codão stop. As mutações mais comuns na população portuguesa são: p.A431T (11%), p.D224N (6,9%) e p.R406W (6,2%). Foram efectuados funcionais em algumas mutações de splicing e comprovou-se a sua patogeneicidade em 6 alterações (c.-135C>G; c.-190+4insTG; c.313+6T>C; c.818-2A>G; c.2389G>T (V776L); c.2547+1G>A). Foram também efectuados estudos funcionais para 5 alterações missense não descritas anteriormente (p.V429L, p.W490R, p.S648P, p.P685S e p.V859M), verificou-se que apenas a alteração p.V859M não é patogenica. No gene APOB foi identificada a mutação mais comum (p.Arg3527Gln) e também a mutação p.Tyr3560Cys. No gene PCSK9 foi encontrada uma única alteração, p.Asp374His. A FH esta sub-diagnosticada no nosso País, esforços têm de ser conduzidos para identificar estes doentes, ainda em idade jovem, de modo a que seja evitado o aparecimento da DCV prematura, e no caso mais extremo a morte prematura como observado em algumas famílias. O diagnóstico e aconselhamento genético da FH é importante para a correcta percepção e prevenção do risco familiar de DCV. O estudo molecular fundamenta a instituição de terapêutica farmacológica adequada e a adopção de um estilo de vida saudável reduzindo substancialmente o risco cardiovascular. Nas crianças e adolescentes o diagnóstico genético é ainda mais importante, uma vez que se sabe que o risco cardiovascular é elevado, mas evitável, se medidas preventivas forem colocadas em prática. O futuro passa pela prevenção em vez da resolução tardia das complicações cardiovasculares inerentes a esta patologia