Arbitrage and asset market equilibrium in infinite dimensional economies with risk-averse expected utilities

We consider a model with an infinite numbers of states of nature, von Neumann - Morgenstern utilities and where agents have different prob- ability beliefs. We show that no-arbitrage conditions, defined for finite dimensional asset markets models, are not sufficient to ensure existence of equilibrium in presence of an infinite number of states of nature. How- ever, if the individually rational utility set U is compact, we obtain an equilibrium. We give conditions which imply the compactness of U. We give examples of non-existence of equilibrium when these conditions do not hold

Technical efficiency of smallholder banana production: a case study in Viet Nam

Bananas are considered one of the leading trading crops due to their high demand all over the globe. Since the increasing demand leads to the expansion of global import, the existing literature is in dire need of updating, especially from the producing economies that fall in the category of developing nations. The study, thus, intends to estimate the critical efficiency of said area. Along with it, the study aims to determine the elements of banana production in the context of Vietnam using a stochastic frontier approach and technical efficiency technique. The sample of the study is the province of Vietnam named Hung Yen, and it made sure to collect the data from 160 farmers in 2022. Results of the study reveal that the farmers' technical efficiency fluctuates between the range of 89.68- 97.81%. However, the average technical efficiency of banana farmers was reported to be 95.92%. From the result, it is gauged that factors such as potassium, manure, distance, capital, and training showed positive signs at a 0.01 significance level. Also, the education and area coefficient show a positive sign at a 0.05 significance level. Finally, distance and district variables, which were the dummy variable, show a negative sign at 0.01 and 0.05 significance levels, respectively.Hoang Van Hung (Hung Yen University of Technology and Education (UTEHY)), Nguyen Van Huong (Hung Yen University of Technology and Education (UTEHY)), Le Thi Thuong (Hung Yen University of Technology and Education (UTEHY)), Thai Thi Kim Oanh (Vinh University (VU)), Nguyen Van Chuong (University of Financial – Business Administration (UFBA)), Nguyen Cong Tiep (Viet Nam National University of Agriculture (VNUA)), Thai Van Ha (Ha Noi University of Business and Technology (HUBT)), Nguyen Thi Luong (Can Tho University (CTU))Includes bibliographical references

An Efficient Method for Generating Synthetic Data for Low-Resource Machine Translation – An empirical study of Chinese, Japanese to Vietnamese Neural Machine Translation

Data sparsity is one of the challenges for low-resource language pairs in Neural Machine Translation (NMT). Previous works have presented different approaches for data augmentation, but they mostly require additional resources and obtain low-quality dummy data in the low-resource issue. This paper proposes a simple and effective novel for generating synthetic bilingual data without using external resources as in previous approaches. Moreover, some works recently have shown that multilingual translation or transfer learning can boost the translation quality in low-resource situations. However, for logographic languages such as Chinese or Japanese, this approach is still limited due to the differences in translation units in the vocabularies. Although Japanese texts contain Kanji characters that are derived from Chinese characters, and they are quite homologous in sharp and meaning, the word orders in the sentences of these languages have a big divergence. Our study will investigate these impacts in machine translation. In addition, a combined pre-trained model is also leveraged to demonstrate the efficacy of translation tasks in the more high-resource scenario. Our experiments present performance improvements up to +6.2 and +7.8 BLEU scores over bilingual baseline systems on two low-resource translation tasks from Chinese to Vietnamese and Japanese to Vietnamese

Impact of eco-innovation and sustainable tourism growth on the environmental degradation: the case of China

Climate complexities and global warming have made sustainable development a customary topic in environmental literature. Since then, various diggings have been happening in academia. Amongst them tourism and eco-innovation receives the heap due to its contribution to economic development. The study, thereby, examines the impact of tourism, economic growth and eco-innovation on environmental degradation in China. The secondary data has been extracted from World Development Indicators (WDI) database from 1988 to 2020. The nexus among the variables have been examined using Nonlinear Autoregressive Distributed Lagged (NARDL) model. Findings reveal that international tourism receipts, expenditures and number of tourist arrival, GDP, national income and inflation are positively correlated with environmental degradation, while sustainability- oriented eco-innovation is related negatively in case of China. This study has provided help to the regulators while developing new policies regarding environmental degradation by controlling emissions from economic and tourism development and using sustainability- oriented eco-innovation

The Relationship between Public Debt, Budget Deficit, and Sustainable Economic Development in Developing Countries: The Role of Corruption Control

This study investigates the effects of public debt and budget deficits on the sustainable economic development of developing countries, taking into account the role of control of corruption. The two-step GMM method was applied for unbalanced panel data of 59 developing countries from 2004 to 2015. The study found that public debt and the budget deficit had negative effects on sustainable development, while the effect of control of corruption was positive. Moreover, using interaction terms between control of corruption and public debt and budget deficit, respectively, empirical results showed that controlling corruption limited these adverse effects. Thus, if the objective is to achieve sustainable economic development, developing countries should not see raising public debt or maintaining budget deficits as a strategy for economic development. The study contributes empirical evidence to the theory of debt overhang, crowded effects, and institutional theory in the context of developing countries. The implications are also discussed in this paper

Economic Dynamics with Renewable Resources and Pollution

This article considers a two-sector economy with externalities. In particular,the analysis involves an industrial sector whose production activities have negative effects on the regeneration of a natural resource in the other sector. Without the usual convexity or the super-modularity structure, we prove that the economy evolves to increase the \textit{net gain of stock}, and establish the conditions ensuring the convergence of the economy in the long run

Graphene Effect on Efficiency of TiO2-based Dye Sensitized Solar Cells (DSSC)

Colloidal paste of TiO2 embedded with graphene (GS) was fabricated and used to spread TiO$_2$ film photo-electrode of DSSC solar cells. The dye N179 and Iodine-based electrolyte were used in the DSSC solar cells. Raman scattering, SEM images were used to identify the material phases and microstructure of the film photo-electrode. I/V characteristics of the DSSC cells were recorded at room temperature. Open-circuit voltage Voc, short-current $J_{sc}$ and efficiency η of the DSSC cells were estimated. It shows that graphene addition has affected on $V_{oc}$,$J_{sc}$ and $\eta$. The $V_{oc}$,$J_{sc}$ and $\eta$ abnormally depend on graphene content. The efficiency reached a maximal value with graphen concentration of 0.005 wt %, after that decreased. It is supposed to be related with an improving the charge transfer in the working photo-electrode of DSSC

EFFECT OF FISH SCALE COLLAGEN ON SOME CHARACTERISTICS AND DRUG RELEASE OF CARRAGEENAN/COLLAGEN/ALLOPURINOL FILM

ABSTRACT - QMFS2019Collagen from fish is attracting a lot of attention thanks to its high absorbance ability, biocompatibility as well as non-religious obstruction and cheap sources. It could be applied in many fields, for example: food, cosmetic, or biomedicine. Using of collagen also helps to reduce the environment pollution from fish scale waste in fish processing. In this study, collagen extracted from Vietnamese fresh-water tilapia fish scales was used in combination with carrageenan for the improvement of drug release control. The influence of fish scale collagen content on morphology, thermal behavior and drug release from carrageenan/collagen/allopurinol composite film was evaluated by methods such as field emission scanning electron microscopy (FESEM), differential scanning calorimetric (DSC) and ultraviolet-visible spectroscopy (UV-Vis). From the DSC data, FESEM analysis and drug release of carrageenan/collagen/allopurinol composite films, the most suitable collagen in composite film is 5 wt.%