Does Outward Foreign Direct Investment Reduce Domestic Investment?: An Industry-Level Analysis

With the rise of globalisation, countries have become more connected financially and global cross-border investment flows have become more common. FDI is an important form of cross-border flow which is responsible for the spread of technology across countries and is the main source of external finance for emerging countries. In the last two decades, FDI has increased tremendously. But this has been accompanied by fears about outward FDI taking away production activities and jobs away from the home country. I look at how outward FDI affects home country investment. One can intuitively understand that a dollar of money spent abroad means a dollar less to invest in the domestic economy. Based on the theory of the financially constrained firm, I hypothesize that outward FDI reduces domestic fixed capital investment and R&D spending. I also develop a theoretical framework to distinguish the varying effects of outward FDI on domestic investment across traditional and R&D-intensive industries.By using industry-level panel data for 18 OECD countries covering the period 1995-2009, I regressed the shares of Gross Fixed Capital Formation (GFCF) and R&D spending separately on the share of outward FDI both for all industries as well as specifically for traditional and R&D-intensive industries. While, outward FDI had a negative effect on domestic capital investments at the aggregate level, it did not have any significant effect while looking at specific industry types. This could be because of the reduced sample size in the individual types. Outward FDI had a negative effect on domestic R&D spending at the aggregate level and for R&D-intensive industries, but it had a positive effect for traditional industries. Thus, while fears about outward FDI taking away domestic fixed capital investments are valid, outward FDI can have both a positive and negative effect on R&D expenditure, depending on the type of industry. These results can help MNCs make strategic investment decisions taking into account their effect on their home country industry. It can also help policymakers formulate tax and industrial policies to promote home country investments.Management of Technology (MoT

Beeswax–EVA/Activated-Charcoal-Based Fuels for Hybrid Rockets: Thermal and Ballistic Evaluation

Beeswax (C46H92O) is a naturally derived substance that has the potential to be used as a solid fuel for hybrid rocket applications and as a substitute for paraffin wax fuel in hybrid rockets. BW burns more efficiently than paraffin wax because of the oxygen molecule it contains. The low thermal stability and poor mechanical properties of BW limit its practical use for upper-stage propulsion applications, and these issues are rarely addressed in the literature on hybrid rockets. This study investigates the thermal stability and ballistic properties of BW using ethylene-vinyl acetate (EVA) and activated charcoal (AC) as an additive. The thermal stability of BW–EVA/AC fuel compositions was analyzed using a thermogravimetric analyzer (TGA). The thermal stability of the blended BW compositions improved significantly. A laboratory-scale hybrid rocket motor was used to evaluate such aspects of ballistic performance as regression rate, characteristic velocity, and combustion efficiency. The results revealed that the pure BW exhibited a higher regression rate of 26.5% at an oxidizer mass flux of 96.4 kg/m2-s compared to BW–EVA/AC blends. The addition of EVA and AC to BW was found to increase the experimental characteristic velocity and combustion efficiency. The combustion efficiency of BW-based fuel was improved from 62% to 94% when 20 wt.% EVA and 2 wt.% AC were added into the fuel matrix

Oxidation reaction kinetics of HTPB-boron carbide/polytetrafluoroethylene formulations as a solid fuel

A solid-fuel ramjet engine powered by boron carbide (B4C) can generate nearly the same amount of energy as boron. However, the inherent oxide layer on the B4C surface restricts the energy released during its oxidation. In this study, we examine the effect of polytetrafluoroethylene (PTFE) on the oxidation of B4C and the removal of the oxide layer during the oxidation reaction. The B4C/PTFE binary composite powder was prepared using a ball milling process at three different concentrations (5:20, 10:20, and 15:20). Hydroxyl-terminated polybutadiene (HTPB) loaded with binary composite powder was manufactured by vacuum casting technique. The pure HTPB and HTPB/PTFE fuels were manufactured as reference formulations. The B4C/PTFE binary composite powder was characterized by X-ray diffraction (XRD), Fourier transform infrared (FTIR), and high-resolution scanning electron microscope (HRSEM). The thermal oxidation characteristics of prepared fuel formulations were studied using the thermogravimetric technique. The kinetics of the oxidation reaction was studied using both isothermal and non-isothermal methods. The thermogravimetric curves showed that the oxidation reaction of HTPB-based fuel occurred in four steps. When B4C/PTFE binary composite powder is added to HTPB, it decomposes faster and at a higher rate. The decomposed fluorine species of PTFE significantly improved the oxidation reaction of composite powder and increased the energy release rate of B4C. The kinetic studies of oxidation suggested that the addition of B4C/PTFE binary composite powder into HTPB lowered the activation energy (Ea: S1 > S2 > S3 > S4 > S5) required to prompt the oxidation reaction. Based on thermal and kinetic results, a potential oxidation promotion mechanism of B4C/PTFE composite powder was proposed. The initial stages of B4C oxidation resulted in a glassy layer of B2O3 oxide forming at the interface of B4C and PTFE powder. As a result of the oxidation reaction between B4C/PTFE and O2, CF4, Trifluoroboron (BF3) and CO2 were generated. At high temperatures, the oxide shell ruptured, allowing the O2 to diffuse into the core of the B4C particle and releasing a large amount of heat energy

Review on the regression rate-improvement techniques and mechanical performance of hybrid rocket fuels

Human spaceflight, space tourism, and the launch of microsatellites are all expected to grow in the future. In fact, with the recent increase of the satellite market, almost 1000 smallsats per year are foreseen to be launched over the next decade. Hybrid rocket propulsion has received significant attention for military and commercial applications due to its potential safety, throttleable, and restart ability when compared with solid rockets, economicity, simplicity, and compactness features when compared to liquid rockets. However, in order to make this new technology the future of the next generation of rockets, some drawbacks of the heterogeneous combustion in hybrid rockets such as low fuel regression rate and varying oxidizer-to-fuel ratio during the combustion process must be well addressed. The diffusion-limited combustion in hybrid rocket motor is responsible for the low regression and poor combustion efficiency of fuels such as Hydroxyl-terminated polybutadiene (HTPB), Poly methylmethacrylate (PMMA), and other polymeric binder-fuels. The paraffin-based solid fuel represents a potential solution to the slow regression rate of current solid polymeric fuels. However, paraffin-based fuels suffer from poor mechanical properties and rapid volatilization, preventing their full development and applications for a space mission. In this work, a review of various techniques to improve hybrid rocket fuel's ballistic and mechanical performance is presented

Thermal decomposition kinetics and combustion performance of paraffin-based fuel in the presence of CeO2 catalyst

In recent years, significant developments have been made in solid-fuel combustion. Paraffin-based fuels could be a potential solid fuel for hybrid and ramjet applications due to their high regression rate, low cost, and minimal environmental impact. This study examines the thermal and combustion performance of paraffin-based fuels loaded with CeO2 combustion catalysts and Al additive. A typical melt-cast technique was used to prepare three different fuel formulations, which are paraffin/10 wt.% of Al (S2), paraffin/10 wt.% of CeO2 (S3), and CeO2-Al (10:10 wt.%) binary composite (S4). The pure paraffin (S1) fuel was manufactured as a reference formulation. The CeO2-Al binary composite powder was prepared by ball-milling of CeO2 and Al powders. The CeO2 and Al nanoparticles were characterized by X-ray diffraction (XRD), particle size distribution (PSD), and scanning electron microscope (SEM). The PSD study revealed that the majority of CeO2, Al, and CeO2-Al binary composite particles are 29 nm, 34 nm, and 26 nm in size, respectively. The thermogravimetric analysis (TGA) was used to investigate the effect of CeO2 and Al on the thermal decomposition of paraffin. The results indicate that the paraffin decomposes faster and at a higher rate when CeO2 and CeO2-Al binary composite additives were added. The activation energy of paraffin-based fuel (S4) was reduced from 254 kJ/mol to 214 kJ/mol when a CeO2-Al combustion catalyst was added. The lab-scale ballistic tests showed that the average regression rate of paraffin-Al (S2) and paraffin-CeO2(S3) samples increased in the range of 1.1-1.4 mm/s and 1.12-1.38 mm/s, respectively, whereas, with the CeO2-Al binary composite (S4) sample, a reasonable improvement of 1.15 mm/s to 1.49 mm/s was reported

Combustion performance of hybrid rocket fuels loaded with MgB2 and carbon black additives

Paraffin-based fuel has a great potential for several innovative missions, including space tourism, due to its safety, low environmental impact, high performance and low cost. Despite the fact that liquefying solid fuels increases the regression rate of hybrid rocket motors, incorporating energetic materials into solid fuel can still improve the performance. The objective and scope of this study is to increase the performance characteristics of the paraffin-based fuel by using magnesium diboride (MgB2) and carbon black (CB) additives. The cylindrical-port fuel grains were manufactured with various additives percentages in mass (wt%: CB-2% and MgB2-10%) and tested using a laboratory-scale ballistic hybrid motor under gaseous oxygen. The mechanical performance results revealed that adding CB and MgB2 improved the ultimate strength and elastic modulus of paraffin-based fuels. The addition of these fillers increased the hardness of fuel by developing a strong interaction in the paraffin matrix. Thermogravimetry (TG) results showed that CB inclusion improved the thermal stability of the paraffin matrix. The average regression rates of fuels loaded with CB and MgB2 were 32% and 52% higher than those of unmodified paraffin wax, respectively. The characteristic velocity efficiency was found in the range of 68%–79% at an O/F ratio of 1.5–2.6. The MgB2 oxidation/combustion in the paraffin matrix was described by a four-step oxidation process ranging from 473 K to 1723 K. Finally, a combustion model of MgB2 in the paraffin matrix was proposed, and four-step oxidation processes were discussed in detail

Inspection of chicken wings and legs for animal welfare monitoring using X-ray computed tomography, visual examination, and histopathology

ABSTRACT: In broiler chickens, fractures of wings and legs are recorded at poultry slaughterhouses based on the time of occurrence. Prekilling (PRE) fractures occur before the death of animal, so the chicken was still able to experience pain and distress associated with the injury (an animal welfare issue). Postkilling (POST) fractures occur when the chickens are deceased and fully bled-out and consequently unable to feel pain (not an animal welfare issue). Current practice dictates that fractures are recognized visually and recorded by the animal welfare officers as mandated by European Union and/or national regulations. However, new potential monitoring solutions are desired since human inspection suffers from some significant limitations including subjectivism and fatigue. One possible solution in detecting injuries is X-ray computed tomography (CT) scanning and in this study we aim to evaluate the potential of CT scanning and visual inspection in detecting limb fractures and their causes. Eighty-three chicken wings and 60 chicken legs (n = 143) were collected from a single slaughterhouse and classified by an animal welfare officer as PRE, POST or healthy (HEAL). Samples were photographed and CT scanned at a veterinary hospital. The interpretation of CT scans along with photographs took place in 3 rounds (1. CT scans only, 2. CT scans + photographs, 3. photographs only) and was performed independently by 3 veterinarians. The consistency of the interpretation in 3 rounds was compared with the animal welfare officer's classification. Furthermore, selected samples were also analyzed by histopathological examination due to questionability of their classification (PRE/POST). In questionable samples, presence of hemorrhages was confirmed, thus they fit better as PRE. The highest consistency between raters was obtained in the 2nd round, indicating that interpretation accuracy was the highest when CT scans were combined with photographs. These results indicate that CT scanning in combination with visual inspection can be used in detecting limbs fracture and potentially applied as a tool to monitor animal welfare in poultry slaughterhouses in the future