Masses of Scalar and Axial-Vector B Mesons Revisited

The SU(3) quark model encounters a great challenge in describing even-parity mesons. Specifically, the $q\bar q$ quark model has difficulties in understanding the light scalar mesons below 1 GeV, scalar and axial-vector charmed mesons and $1^+$ charmonium-like state $X(3872)$. A common wisdom for the resolution of these difficulties lies on the coupled channel effects which will distort the quark model calculations. In this work, we focus on the near mass degeneracy of scalar charmed mesons, $D_{s0}^*$ and $D_0^{*0}$, and its implications. Within the framework of heavy meson chiral perturbation theory, we show that near degeneracy can be qualitatively understood as a consequence of self-energy effects due to strong coupled channels. Quantitatively, the closeness of $D_{s0}^*$ and $D_0^{*0}$ masses can be implemented by adjusting two relevant strong couplings and the renormalization scale appearing in the loop diagram. Then this in turn implies the mass similarity of $B_{s0}^*$ and $B_0^{*0}$ mesons. The $P_0^* P'_1$ interaction with the Goldstone boson is crucial for understanding the phenomenon of near degeneracy. Based on heavy quark symmetry in conjunction with corrections from QCD and $1/m_Q$ effects, we obtain the masses of $B^*_{(s)0}$ and $B'_{(s)1}$ mesons, for example, $M_{B_{s0}^*}= (5715\pm1)\,{\rm MeV}+\delta\Delta_S$, $M_{B'_{s1}}=(5763\pm1)\,{\rm MeV}+\delta\Delta_S$ with $\delta\Delta_S$ being $1/m_Q$ corrections. We find that the predicted mass difference of 48 MeV between $B'_{s1}$ and $B_{s0}^*$ is larger than that of $20\sim 30$ MeV inferred from the relativistic quark models, whereas the difference of 15 MeV between the central values of $M_{B'_{s1}}$ and $M_{B'_1}$ is much smaller than the quark model expectation of $60-100$ MeV.Comment: 21 pages, 1 figure, to appear in Eur. Phys. J. (2017). arXiv admin note: text overlap with arXiv:1404.377

Kinematic Basis of Emergent Energetics of Complex Dynamics

Stochastic kinematic description of a complex dynamics is shown to dictate an energetic and thermodynamic structure. An energy function $\varphi(x)$ emerges as the limit of the generalized, nonequilibrium free energy of a Markovian dynamics with vanishing fluctuations. In terms of the $\nabla\varphi$ and its orthogonal field $\gamma(x)\perp\nabla\varphi$, a general vector field $b(x)$ can be decomposed into $-D(x)\nabla\varphi+\gamma$, where $\nabla\cdot\big(\omega(x)\gamma(x)\big)=$ $-\nabla\omega D(x)\nabla\varphi$. The matrix $D(x)$ and scalar $\omega(x)$, two additional characteristics to the $b(x)$ alone, represent the local geometry and density of states intrinsic to the statistical motion in the state space at $x$. $\varphi(x)$ and $\omega(x)$ are interpreted as the emergent energy and degeneracy of the motion, with an energy balance equation $d\varphi(x(t))/dt=\gamma D^{-1}\gamma-bD^{-1}b$, reflecting the geometrical $\|D\nabla\varphi\|^2+\|\gamma\|^2=\|b\|^2$. The partition function employed in statistical mechanics and J. W. Gibbs' method of ensemble change naturally arise; a fluctuation-dissipation theorem is established via the two leading-order asymptotics of entropy production as $\epsilon\to 0$. The present theory provides a mathematical basis for P. W. Anderson's emergent behavior in the hierarchical structure of complexity science.Comment: 7 page

An Empirical Note on Testing the Cointegration Relationship Between the Real Estate and Stock Markets in Taiwan

This note studies the long-run relationship between real estate and stock markets in the Taiwan context over the 1986Q3 to 2006Q4 period, using standard cointegration test of Johansen and Juselius (1990) and that of Engle-Granger (1987) as well as the fractional cointegration test of Geweke and Porter-Hudak (1983). The results from both types of cointegration tests strongly indicate that these two markets are not cointegrated with each other. With respect to risk diversification, it is obvious that investors and financial institutions should have included both assets in the same portfolio during that period.

Long-Run Purchasing Power Parity with Asymmetric Adjustment: Evidence from Mainland China and Taiwan

This study applies threshold cointegration test advanced by Enders and Siklos (2001) to investigate the properties of asymmetric adjustment in long-run purchasing power parity (PPP) for both Mainland China and Taiwan during the January 1986 to October 2009 period. Although there is evidence of long-run PPP for both Mainland China and Taiwan, the adjustment mechanism is asymmetric. These results have important policy implications for both Mainland China and Taiwan under study.threshold cointegration test; Purchasing Power Parity; asymmetric adjustment; Mainland China; Taiwan