... markets? Contrary to the estimations ofthe spreads presented above, the ECM long-run equation does not assume full pass-through of market rates within one month Table 6.4 shows that the effect ofthe ... number of overidentification restrictions A rejection would cast doubt onthe validity ofthe instruments Furthermore, the Anderson canonical correlation likelihood ratio is used to test for the ... rates and the speed of adjustment towards the equilibrium.12 Using a panel-econometric approach, we test for theimpactof banking competition (measured by the Boone indicator) onthe long-run...
... heart ofthe American university is intellectual training, the awakening ofthe whole [person], the thorough introduction ofthe student to the life of America and ofthe modern world, the completion ... address the economic returns of education Our first discussion concerns private returns on education: the economic benefits to the individual We then take a close look at the economic benefits to the ... examination ofthe human capital foundations of arguments about the contributions of higher education to economic growth, Ashworth (1998) chose an empirical route He tests the presumption of economic...
... of monetary policy onthe economy and on residential property prices (CGFS 2006) Onthe other hand, Tsatsaronis and Zhu (2004) conjecture that the prevalence of securitisation should reduce the ... triggered by the adoption of tight monetary policy in Germany to offset the aggregate demand effects of German Reunification The figure indicates that following the collapse ofthe “bubble economy” ... also for these countries the existence of cointegration could not be rejected We therefore specify the VAR models in the level ofthe variables Nevertheless, we neither impose the number of cointegrating...
... the questionnaire The results ofthe questionnaire are presented in the following sections IV.5.1 Result ofthe first part ofthe questionnaire Table indicates the results ofthe first part of ... increase the validity ofthe later generalization ofthe result to the population Involving the generalization ofthe results, extraneous variables need controlling prior to the experimental like the ... section provides readers some discussion ofthe major implications The limitations ofthe study and some recommendations suggested for further research will be discussed in the second section The...
... Tbb the paths are not completely resolved and the contribution ofthe second term of (2.47) depends on relative difference in the multipath phases and the value ofthe autocorrelation function ... demodulate the strongest multipath components In general, the first correlator is synchronized to the strongest multipath component, followed by the second strongest component synchronized to the second ... in Section 2.2.2.3 2.2.2.2 Refraction Refraction is defined as the bending ofthe normal to the wavefront of a propagating wave upon passing from one medium to another where the propagation velocity...
... stages of change is critical A final implication for HR is the need to recognize the communication culture ofthe organization If the organization is one that relies on face-to-face and one -on- one ... Effective Communication Health professionals expressed concern about the effects of new technology on communication For example, an allied health professional was ofthe opinion that the new PACS technology ... communication, HR practitioners must not only address theimpactofthe new technology, but must monitor how employees manage the change in their traditional channels of communication Not to recognize the...
... the sum of all students in the class This then raises the question ofthe validity and authority of knowledge gained over the Internet How can the learner be sure ofthe sources of information? ... interaction The first is the interaction ofthe learner with the machine As the sophistication of multimedia design has increased, so have the types and forms of interaction, although they have ... explanations or answers not previously considered by the designer ofthe multiple choice questions Consequently, a more common form of response is the use of words or phrases, usually typed into the...
... necessary condition for the possibility of aesthetic nature, which is itself vital for a 'rich' life The junction ofthe ethical and the aesthetic leads Seel to the moral proposition that the conservation ... depend onthe degree of freedom but on our ability to acknowledge its freedom Therefore the potential freedom of existing nature is a condition for the imaginative construction of aesthetic nature ... introduction onthe subject His description of fantasy brings us closer to understanding the meaning ofthe term of imagination According to him, the concept of fantasy is nowadays often related...