THE YIELD CURVE AS A LEADING INDICATOR ACROSS COUNTRIES AND TIME: THE EUROPEAN CASE

With the increasing demand for a better understanding about the relationship between yield curve and economic activities, this paper analyzes the data sets of seven countries in the European Union: Germany, France, Belgium, Spain, the United Kingdom, Sweden and Poland using quantitative analytical method. Based on previous literature, the expected hypothesis is: there is a strong relationship between the yield curve and the chance of an incoming economic contraction. The inverted yield curve, or the negative yield curve spread is considered as the tool to forecast the incoming contraction. Having been used as a rule of thumb for future reference of a contraction, whether yield curve and interest rates can be an accurate tool to predict the movement of business cycles should be studied more thoroughly, which will help not only the governments to reduce the loss from recession, but also equip financial sector valuable information to adjust itself before a contraction takes place. Further findings in this paper present a comparison between a group of Eurozone members and a group of non-Eurozone members. The similarities and differences give a broad idea of how the creation of the Eurozone has affected the area in the last decade

Comparative and Competitive Advantage of the Shrimp Industry in Mekong River Delta, Vietnam

Given the growing prominence of Vietnam's fishery products in the world market, this study examines data on shrimp aquaculture in the country, as practiced through intensive and semi-intensive methods, in two provinces in the Mekong River Delta region. The study estimates the comparative and competitive advantage of the shrimp industry using various approaches, namely: 1) the RCA or revealed comparative advantage; 2) the Policy Analysis Method (PAM) method to calculate the resource cost ratio (RCR) and RCR* indices; and 3) the Net Social Profitability (NSP) and Net Private Profitability (NPP). To identify the effects of changes in key factors affecting competitive and comparative advantage, a sensitivity analysis is conducted. The results show that Vietnam's shrimp products maintain a strong competitive position in the world market, as evidenced by an RCA greater than 1. The RCR and RCR* estimates bordering on zero also indicate the strong comparative and competitive advantage of the shrimp industry. These findings are bolstered as well by the resulting NSP and NPP estimates. Furthermore, in terms of farming methods, the lower RCR and RCR* estimates for the intensive farms confirm their higher comparative and competitive advantage, compared to the semi-intensive model. Finally, the sensitivity analysis shows that the comparative and competitive advantage of shrimp is strongly sensitive to the price of feed, exchange rate, shrimp yield, and export price. The wage rate also exhibits a slight effect on the industry's standing in the world market. Improving the productivity and quality of shrimp is shown to be vital to the MRD shrimp industry because this would translate into a higher export price and higher yield of shrimp, which will further enhance the industry's comparative and competitive advantage.

Isogeometric analysis for functionally graded microplates based on modified couple stress theory

Analysis of static bending, free vibration and buckling behaviours of functionally graded microplates is investigated in this study. The main idea is to use the isogeometric analysis in associated with novel four-variable refined plate theory and quasi-3D theory. More importantly, the modified couple stress theory with only one material length scale parameter is employed to effectively capture the size-dependent effects within the microplates. Meanwhile, the quasi-3D theory which is constructed from a novel seventh-order shear deformation refined plate theory with four unknowns is able to consider both shear deformations and thickness stretching effect without requiring shear correction factors. The NURBS-based isogeometric analysis is integrated to exactly describe the geometry and approximately calculate the unknown fields with higher-order derivative and continuity requirements. The convergence and verification show the validity and efficiency of this proposed computational approach in comparison with those existing in the literature. It is further applied to study the static bending, free vibration and buckling responses of rectangular and circular functionally graded microplates with various types of boundary conditions. A number of investigations are also conducted to illustrate the effects of the material length scale, material index, and length-to-thickness ratios on the responses of the microplates.Comment: 57 pages, 14 figures, 18 table

Scalar sextet in the 331 model with right-handed neutrinos

A Higgs sextet is introduced in order to generate Dirac and Majorana neutrino masses in the 331 model with right-handed neutrinos. As will be seen, the present sextet introduction leads to a rich neutrino mass structure. The smallness of neutrino masses can be achieved via, for example, a seesaw limit. The fact that the masses of the charged leptons are not effected by their new Yukawa couplings to the sextet is convenient for generating small neutrino masses.Comment: RevTeX4, 5 pages, no figure. To appear in Phys. Rev. D. Misprints removed (v.2

Stability investigations of isotropic and anisotropic exponential inflation in the Starobinsky-Bel-Robinson gravity

In this paper, we would like to examine whether a novel Starobinsky-Bel-Robinson gravity model admits stable exponential inflationary solutions with or without spatial anisotropies. As a result, we are able to derive an exact de Sitter inflationary to this Starobinsky-Bel-Robinson model. Furthermore, we observe that an exact Bianchi type I inflationary solution does not exist in the Starobinsky-Bel-Robinson model. However, we find that a modified Starobinsky-Bel-Robinson model, in which the sign of coefficient of $R^2$ term is flipped from positive to negative, can admit the corresponding Bianchi type I inflationary solution. Unfortunately, stability analysis using the dynamical system approach indicates that both of these inflationary solutions turn out to be unstable. Interestingly, we show that a stable de Sitter inflationary solution can be obtained in the modified Starobinsky-Bel-Robinson gravity.Comment: 26 pages, 2 figures. V2 with the abstract revised to improve its clarity, some relevant references added, and some typos fixed. All main calculations and conclusions remain unchanged. Comments are welcom

Myc-induced liver tumors in transgenic zebrafish can regress in tp53 null mutation

10.1371/journal.pone.0117249PLoS ONE101e011724