2,179 research outputs found
The Lending-Deposit Rate Relationship in Eastern European Countries: Evidence from the Rank Test for Non-linear Cointegration
This study carries out an examination of the potential non-linear cointegration between the lending and deposit rates of eight Eastern European countries using the non-parametric rank tests proposed by Breitung (2001). Based upon our adoption in this study of the threshold error-correction model (TECM), we find solid evidence of an asymmetric price transmission effect, in both the short term and the long term, between lending and deposit rates. Thus, our results reveal that there are indeed such long-run non-linear cointegration relationships between the lending and deposit rates in these Eastern European countries. Furthermore, we go on to successfully capture the dynamic adjustment of the spread.lending-deposit rates, rank test, non-linearity
Topological nature of bound states in the radiation continuum
Bound states in the continuum (BICs) are unusual solutions of wave equations
describing light or matter: they are discrete and spatially bounded, but exist
at the same energy as a continuum of states which propagate to infinity. Until
recently, BICs were constructed through fine-tuning parameters in the wave
equation or exploiting the separability of the wave equation due to symmetry.
More recently, BICs that that are both robust and not symmetry-protected
(accidental) have been predicted and experimentally realized in periodic
structures; the simplest such system is a periodic dielectric slab, which also
has symmetry-protected BICs. Here we show that both types of BICs in such
systems are vortex centers in the polarization direction of far-field
radiation. The robustness of these BICs is due to the existence of conserved
and quantized topological charges, defined by the number of times the
polarization vectors wind around the vortex centers. Such charges can only be
generated or annihilated by making large changes in the system parameters, and
then only according to strict rules, which we derive and test numerically. Our
results imply that laser emission based on such states will generate vector
beams
Does Rational Bubbles Exist in the Taiwan Stock Market? Evidence from a Nonparametric Cointegration Test
In this study, we revisit the issue as to the presence of rational bubbles in the Taiwan stock market during the June 1991 to February 2005 period using the Bierens (1997) nonparametric cointegration tests. The results from the Bierens nonparametric cointegration test attest to the absence of rational bubbles in the Taiwan stock market.Rational Bubbles Taiwan Stock Market Nonparametric Cointegration Test
The Relationship between Stock Price and EPS: Evidence Based on Taiwan Panel Data
In this study, we use panel cointegration methods to investigate the relationship between stock prices and earnings-per-share (EPS). Furthermore, we consider whether stock prices respond to EPS under the different level of growth rate of operating revenue. The empirical result indicated that the cointegration relationship existed between stock prices and EPS in the long-run. Furthermore, we found that for the firm with a high level of growth rate, EPS has less power in explaining the stock prices however, for the firm with a low level of growth rate, EPS has a strong impact in stock prices.Earnings Response Coefficient (ERC)
UREDNIÄKI OPOZIV RADA: Fleksibilni Fourierov stacionarni test BDP-a po stanovniku za SrednjoistoÄne europske zemlje
Statement of Retraction (Zb. rad. Ekon. fak. Rij. ⢠2012 ⢠vol. 30 ⢠sv. 2 ⢠219-219, http://www.efri.uniri.hr/dokumenti/zbornik-2012-2-retraction.pdf):
This is to notify our respectful reading public that the Editorial Board of the journal Zbornik radova Ekonomskog fakulteta u Rijeci, Äasopis za ekonomsku teoriju i praksu/ Proceedings of Rijeka Faculty of Economics, Journal of Economics and Business has retracted the following article from publication:
âFlexible Fourier Stationary Test in GDP per capita for Central Eastern European Countriesâ, by Hsu-Ling Chang, Chi-Wei Su, Meng-Nan Zhu, published in our journal Zbornik radova Ekonomskog fakulteta u Rijeci, Äasopis za ekonomsku teoriju i praksu/ Proceedings of Rijeka Faculty of Economics, Journal of Economics and Business, 2011, vol. 29 (1), pp. 51-63 and almost concurrently published in the journal Eastern European Economics, 2011, vol. 49 (3), pp. 54-65.
Being in contact with Josef C Brada, Professor Emeritus, Editor of the journal Eastern European Economics (EEE), we realized that the paper had been sent to both journals, although first published in the EEE and then in our Journal. According to professor Bradaâs and our analysis, the paper published in these two journals is exactly the same, except for minor differences in wording, most likely due to editing the text before publication. The outstanding differences are in the title and the fact that the paper published in our Journal has three authors and in EEE journal has two. Whatsoever, owing to the fact that the article had been sent to both journals almost at the same time, it had been impossible to find out the case during the review procedure.
Due to this unpleasant situation, our Editorial Board would like to inform our valuable readers that all the necessary measures to retract the paper from our publication have been undertaken and according to publishing ethical principles, cooperation with the authors of the retracted paper have been stopped. Although, in this case neither EEE nor our Journal had any chance to envisage and prevent this double publication in time, we do ask our readers to accept our deepest apology.
Ivo Sever, PhD
Editor- in- ChiefStatement of Retraction (Zb. rad. Ekon. fak. Rij. ⢠2012 ⢠vol. 30 ⢠sv. 2 ⢠219-219, http://www.efri.uniri.hr/dokumenti/zbornik-2012-2-retraction.pdf):
Ĺ˝elimo obavijestiti poĹĄtovane Äitatelje da je UredniÄki odbor Äasopisa Zbornik radova Ekonomskog fakulteta u Rijeci, Äasopis za ekonomsku teoriju i praksu/ Proceedings of Rijeka Faculty of Economics, Journal of Economics and Business povukao sljedeÄi Älanak iz publikacije:
âFlexible Fourier Stationary Test in GDP per capita for Central Eastern European Countriesâ grupe autora Hsu-Ling Chang, Chi-Wei Su, Meng-Nan Zhu, objavljenog u naĹĄem Äasopisu Zbornik radova Ekonomskog fakulteta u Rijeci, Äasopis za ekonomsku teoriju i praksu/ Proceedings of Rijeka Faculty of Economics, Journal of Economics and Business, 2011, vol. 29 (1), str. 51-63 i gotovo istovremeno u Äasopisu Eastern European Economics, 2011, vol. 49 (3), str. 54-65.
U kontaktu s urednikom Äasopisa Eastern European Economics (EEE), profesorom Josefom C Bradom otkrili smo da je spomenuti Älanak istovremeno poslan u oba Äasopisa, s tim da je prije objavljen u EEE, a potom u naĹĄem Äasopisu.
ZajedniÄkom analizom s profesorom Bradom, ustanovili smo da se radi o potpuno istom Älanku ako se izuzmu neznatne razlike vjerojatno nastale tijekom uredniÄke obrade prije objavljivanja. Nadalje, jedina uoÄljiva razlika je u naslovu i u Äinjenici da su u naĹĄem Äasopisu navedena tri autora, a u EEE-u dva. Ovdje Ĺželimo napomenuti da je sama Äinjenica istovremenog prosljeÄivanja Älanka u oba Äasopisa dovela do nemoguÄnosti detektiranja tog sluÄaja za vrijeme postupka recenzije.
UredniÄki odbor Ĺželi obavijestiti svoje uvaĹženo Äitateljstvo da smo poduzeli sve potrebne mjere da se objavljeni Älanak povuÄe iz publikacije prema svim etiÄkim naÄelima uz napomenu da je svaka daljnja suradnja s autorima Älanka prekinuta.
Iako u ovom sluÄaju ni EEE niti naĹĄ Äasopis nisu imali moguÄnost sprijeÄiti dvostruko objavljivanje, upuÄujemo svojim Äitateljima duboku ispriku.
Prof.dr.sc. Ivo Sever
Glavni i odgovorni uredni
Thermodynamics of Gravity with Disformal Transformation
We study thermodynamics in gravity with the disformal transformation.
The transformation applied to the matter Lagrangian has the form of \g_{\m\n}
= A(\phi,X)g_{\m\n} + B(\phi,X)\pa_\m\f\pa_\n\f with the assumption of the
Minkowski matter metric \g_{\m\n} = \e_{\m\n}, where is the disformal
scalar and is the corresponding kinetic term of . We verify the
generalized first and second laws of thermodynamics in this disformal type of
gravity in the Friedmann-Lema\^{i}tre-Robertson-Walker (FLRW) universe.
In addition, we show that the Hubble parameter contains the disformally induced
terms, which define the effectively varying equations of state for matter.Comment: 23 pages, no figure, published version in Entropy 21, 172 (2019
Dispersion and Dispatch Movement Design for a Multi-Robot Searching Team Using Communication Density
Monodansylpentane as a Blue-Fluorescent Lipid-Droplet Marker for Multi-Color Live-Cell Imaging
Lipid droplets (LDs) are dynamic cellular organelles responsible for the storage of neutral lipids, and are associated with a multitude of metabolic syndromes. Here we report monodansylpentane (MDH) as a high contrast blue-fluorescent marker for LDs. The unique spectral properties make MDH easily combinable with other green and red fluorescent reporters for multicolor fluorescence imaging. MDH staining does not apparently affect LD trafficking, and the dye is extraordinarily photo-stable. Taken together MDH represents a reliable tool to use for the investigation of dynamic LD regulation within living cells using fluorescence microscopy
Does the Law of One Price hold? A cross-regional study of China
This study considers the price convergence in different regions of
China, which is the largest developing country in the world and a
country in which the regional difference is much larger between
provinces. Whether there is price convergence between regions in one
country is an important economic issue according to the Law of One
Price (LOP) theory. Compared to previous studies, this article operates
with the Sequential Panel Selection Method (SPSM) to explore the
non-stationary properties of the LOP in Chinaâs regions. We provide
robust evidence to specify that the LOP holds true for two-thirds of
the provinces in China, mainly in the Western and Central regions. This
means that the Eastern regionâs price fluctuation is non-stationary
and that the consumer price index (CPI) levels of the Western, Central
and Northeastern regions are relatively convergent in China. The
conduction path of the CPI level is from the Eastern region to the other
regions. It shows that prices can converge with each other by LOP and
the values of the same goods in the Western and Central regions are
equal and if there is a price difference, then it can be eliminated by
interregional trade
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