Why is Income Inequality Increasing in the Developed World?

We address empirically the factors affecting the dynamics of income inequality among industrialized economies. Using a panel for 32 developed countries spanning the last four decades, our results indicate that the predictions of the Stolper-Samuelson theorem concerning the effects of international trade on income inequality find support in the data if we concentrate on imports from developing countries as a trade measure, as theory would imply. We find that democratization, the interaction of technology and education, and changes in the relative power of labor unions affect inequality dynamics robustly

A quality management based on the Quality Model life cycle

Managing quality is a hard and expensive task that involves the execution and control of processes and techniques. For a good quality management, it is important to know the current state and the objective to be achieved. It is essential to take into account with a Quality Model that specifies the purposes of managing quality. QuEF (Quality Evaluation Framework) is a framework to manage quality in MDWE (Model-driven Web Engineering). This paper suggests managing quality but pointing out the Quality Model life cycle. The purpose is to converge toward a quality continuous improvement by means of reducing effort and time.Ministerio de Ciencia e Innovación TIN2010-20057-C03-02Ministerio de Ciencia e Innovación TIN 2010-12312-EJunta de Andalucía TIC-578

Exchange rate forecasting and the performance of currency portfolios

We examine the potential gains of using exchange rate forecast models and forecast combination methods in the management of currency portfolios for three exchange rates: the euro versus the US dollar, the British pound, and the Japanese yen. We use a battery of econometric specifications to evaluate whether optimal currency portfolios implied by trading strategies based on exchange rate forecasts outperform single currencies and the equally weighted portfolio. We assess the differences in profitability of optimal currency portfolios for different types of investor preferences, two trading strategies, mean squared error-based composite forecasts, and different forecast horizons. Our results indicate that there are clear benefits of integrating exchange rate forecasts from state-of-the-art econometric models in currency portfolios. These benefits vary across investor preferences and prediction horizons but are rather similar across trading strategies

Ground-based photometry of the 21-day Neptune HD106315c

Space-based transit surveys such as K2 and TESS allow the detection of small transiting planets with orbital periods beyond 10 days. Few of these warm Neptunes are currently known around stars bright enough to allow for detailed follow-up observations dedicated to their atmospheric characterization. The 21-day period and 3.95 $R_\oplus$ planet HD106315c has been discovered based on the observation of two of its transits by K2. We have observed HD106315 using the 1.2m Euler telescope equipped with the EulerCam camera on two instances to confirm the transit using broad band photometry and refine the planetary period. Based on two observed transits of HD106315c, we detect its $\sim$1 mmag transit and obtain a precise measurement of the planetary ephemerids, which are critical for planning further follow-up observations. We have used the attained precision together with the predicted yield from the TESS mission to evaluate the potential for ground-based confirmation of Neptune-sized planets found by TESS. We find that 1-meter-class telescopes on the ground equipped with precise photometers could substantially contribute to the follow-up of 162 TESS candidates orbiting stars with magnitudes of $V \leq 14$. Out of these, 74 planets orbit stars with $V \leq 12$ and 12 planets orbit $V \leq 10$, which makes these candidates high-priority objects for atmospheric characterization with high-end instrumentation.Comment: Published in A&A letters, 4 pages, 3 figure

There is poverty convergence

Martin Ravallion ("Why Don't We See Poverty Convergence?" American Economic Review, 102(1): 504-23; 2012) presents evidence against the existence of convergence in global poverty rates despite convergence in household mean income levels and the close linkage between income growth and poverty reduction. We show that this finding is driven by a specification that demands more than simple convergence in poverty headcount rates and assumes a growth elasticity of poverty reduction, which is well-known to accelerate with low initial poverty levels. If we motivate the poverty convergence equation using an arguably superior growth semi-elasticity of poverty reduction, we find highly significant and robust evidence of convergence in absolute poverty headcount ratios and poverty gaps. Relatedly, we show that the results in Ravallion (2012) are driven by the special income growth and poverty dynamics in Central and Eastern European transition economies that started with low initial poverty rates and thus observed a high elasticity of poverty reduction. Once we control for their abnormal poverty dynamics, we again find robust evidence of global convergence in poverty, even in the original specification by Ravallion (2012).Series: Department of Economics Working Paper Serie

When Do We See Poverty Convergence?

We show why convergence in mean income levels and the negative relation between mean income growth and poverty changes need not lead to proportionate poverty convergence across countries. We propose an analytical framework that highlights that poverty convergence depends on the speed of income convergence relative to a complex interaction of initial inequality, mean income levels, and inequality dynamics. Our framework allows us to investigate poverty convergence, or the lack thereof, under different plausible dynamics of mean income and inequality

A Model-Driven Approach for Business Process Management

The Business Process Management is a common mechanism recommended by a high number of standards for the management of companies and organizations. In software companies this practice is every day more accepted and companies have to assume it, if they want to be competitive. However, the effective definition of these processes and mainly their maintenance and execution are not always easy tasks. This paper presents an approach based on the Model-Driven paradigm for Business Process Management in software companies. This solution offers a suitable mechanism that was implemented successfully in different companies with a tool case named NDTQ-Framework.Ministerio de Educación y Ciencia TIN2010-20057-C03-02Junta de Andalucía TIC-578

NDT-Glossary: A MDE Approach for Glossary Generation

This research paper is contextualized within the paradigm of Model-Driven Engineering (MDE) and it is specifically related to NDT. NDT is a methodology included within the MDE paradigm. The aim of this paper is to present a software tool to facilitate the work of requirements engineers during the requirements validation in a software project. The requirements validation activity takes place within the requirements phase of the life cycle in a software project. The developed tool is called NDT-Glossary and it implements an automatic procedure to generate, from the requirements defined in a project developed with the NDT methodology, the first example of the glossary of terms for this project.Ministerio de Educación y Ciencia TIN2007-67843-C06-03Ministerio de Educación y Ciencia TIN2010-20057-C03-0

2D Triangulation of Signals Source by Pole-Polar Geometric Models

The 2D point location problem has applications in several areas, such as geographic information systems, navigation systems, motion planning, mapping, military strategy, location and tracking moves. We aim to present a new approach that expands upon current techniques and methods to locate the 2D position of a signal source sent by an emitter device. This new approach is based only on the geometric relationship between an emitter device and a system composed of m ≥ 2 signal receiving devices. Current approaches applied to locate an emitter can be deterministic, statistical or machine-learning methods. We propose to perform this triangulation by geometric models that exploit elements of pole-polar geometry. For this purpose, we are presenting five geometric models to solve the point location problem: (1) based on centroid of points of pole-polar geometry, PPC; (2) based on convex hull region among pole-points, CHC; (3) based on centroid of points obtained by polar-lines intersections, PLI; (4) based on centroid of points obtained by tangent lines intersections, TLI; (5) based on centroid of points obtained by tangent lines intersections with minimal angles, MAI. The first one has computational cost O(n) and whereas has the computational cost O(n log n)where n is the number of points of interest. © 2019 by the authors. Licensee MDPI, Basel, Switzerland.Spanish Ministry of Economy and Competitiveness TIN2016-76956-C3-2-RUniversity of Sevill

A technological innovation to safely aid in the spatial orientation of blind people in a complex urban environment

In the broader context of smart cities, to ensure mobility of people regardless of their physical or sensory condition becomes a complex and difficult challenge to be treated. All papers referenced in this work are presented as a solution to equip the blind people with devices and sensors (controlled by a computational system) with the ability to capture environmental structure data and somehow describe it to the understanding of the blind people. Our work explores another side of this problem: how the environment can transmit data about itself to safely-help guide blind orientation in this environment? In other words, from our view, the environment must report data on its structure as opposed to make the blind person try to extract these data from this environment. So, here we propose to use an intelligent semaphore system (traffic lights) to communicate with a mobile system carried by the blind person and by the coherent processing of the signals sent and received between the mobile device and the intelligent semaphore, to conduct the blind in the streets crossing the crosswalk safely