the excess saving view hypothesis and stylised facts

... k e ) PO = the current price of the stock DIV1 = the dividend paid at the end of year ke = the required return on investment in equity P1 = the sale price of the stock at the end of the first ... Pt + C Pt R = the rate of return on the security Pt+1 = price of the security at time t+1, the end of the holding period Pt = price of the security at time t, the beginning of the holding period ... occur slowly over time • Mathematical formation of hypothesis shows that expected value at time t is a weighted average of current and past values • The smaller the weights the longer that past events...

Ngày tải lên: 05/01/2014, 16:56

... problems, the Romanian elderly ask a doctor first and then try to solve them in the family, whereas in Latvia it is vice versa – they try to solve their problems by the help of the family and only ... (39%), the rest of them – in households of several individuals In Timisoara the majority of the elderly live in couples, the size of other households is about the same, but the proportion of the ... but the Romanian elderly mostly live in families Therefore if the Latvian elderly have problems, they mostly try to handle them themselves (57%) as compared with the Romanian elderly – 45% of them...

Ngày tải lên: 05/03/2014, 21:20

... GUANGXI Sichuan+ GANSU SHANDONG JIANGSU LIAONING BEIJING JIANGSU ZHEJIANG GUANGDON XINJIANG HUNAN HENAN HUBEI JILIN YUNNAN JIANGXI HEILONGJ ANHUI QINGHAI BEIJING GUANGXI SHANDONG FUJIAN 1709.91 ... = ' ,> SHANXI 85.4767 fdi_gdp FDIK/GDP-GDPPC 29.9789 @? A A D A F:D SHANGAI JIANGSU LIAONING SHANDONG : INNER MO TIANJIN ZHEJIANG × 9? $9= 87 @ ; = ' ,>5 SHANXI D: A ×A + ) F:D @ :@ hainan 85.4767 ... × >? A A @ A E:F C> F:D B C: A A A NINGXIA 29.9789 9? $9= @ 87 C; : EF BEIJING TIANJIN HEBEI SHANDONG GUIZHOU SHAANXI LIAONING GUANGXI GUANGDON JIANGSU Sichuan+ GANSU ZHEJIANG FUJIAN GUANGDON...

Ngày tải lên: 15/03/2014, 16:20

... affirm that the EKC hypothesis could only be fulfilled in the case of pollutants with local and short-term effects, for in these the environmental and health impacts are clearest, and characterized ... Reject the null hypothesis of Unit Root at 10 % ** Reject the null hypothesis of Unit Root at % 19 per capita income, the shares of nuclear power and coal in total primary energy, with all the ... pollution flows but the relationship is complex and depends, among other factors, on the bigger or smaller space and temporal concentration of these flows and on dispersion and transformation...

Ngày tải lên: 15/03/2014, 16:20

... Fahy, Smithee / Strategic Marketing and the Resource Based View of the Firm Strategic Marketing and the Resource Based View of the Firm Discourse in the field of strategic marketing ... revolution in the industry (Lado, Boyd and Wright 1992) Developing a match between the firm’s resources and the success factors in the industry is a demanding task and the success of the match is ... VIEW Over the past decade or so, there have been a large and diverse collection of contributions in the areas of economics and strategic management that seek to either refine the concept of the...

Ngày tải lên: 15/03/2014, 22:20

... blood flow and effects from other neighboring cells and matrix The biophysical aspects of the endothelium through which the leukocytes transmigrate, in addition to the biophysical aspects of the leukocytes ... throughout the body of the cell, and the substrate at the basal surface of the ECs Interestingly, forces acting at one surface may be propagated internally or even to other surfaces of the cell, or they ... In (A), the force acting on the EC (black arrow) has components both in the direction of shear stress and in the direction of pulling by leukocytes In (B), the force on the EC is in the direction...

Ngày tải lên: 22/03/2014, 21:20

Ngày tải lên: 12/06/2014, 11:27

... apoptosis We therefore suggest that the P2X7 receptor and gene have the functional and positional characteristics suggestive of a role in the pathogenesis in SLE, and that the potential of the cell ... indicates that the P2RX7 gene is located within the region defined as lbw3 and is a therefore a strong candidate for being the product of this lupus susceptibility locus Furthermore, as the human ... self-tolerance and initiation of autoimmunity contributed to drafting of the manuscript CFH contributed to the design of experiments and drafting of the manuscript All authors read and approved the final...

Ngày tải lên: 09/08/2014, 06:22

... release has sparked renewed interest for the ‘serotonin hypothesis of PH In our laboratory, we recently tested the hypothesis that the 5-HT transporter (5-HTT) in the lung might be a key determinant ... but also in platelets, pulmonary endothelial cells and SMCs, which share the same 5-HTT encoded by a single gene [14] These facts initially led to the hypothesis that fenfluramine-like medications ... counter to the serotonin hypothesis: chronic treatment with phentermine and fenfluramine in combination decreases plasma 5-HT levels in humans [19] Another argument against the serotonin hypothesis...

Ngày tải lên: 12/08/2014, 18:20

... the efficacy of sign recruitment in supine and prone positioning [13] They demonstrated the potential value of the combination of sigh ventilation and prone positioning in 10 ARDS patients, and ... This goes against the dogma of immediate defibrillation and is supported by previous work, as discussed in the accompanying editorial [8] The authors suggest that the key issue then becomes rapidly ... longer term follow up and outcome variables in clinical studies of the critically ill Resuscitation At the opposite end of the temporal spectrum, Wik and colleagues [7] reported on the effects of of...

Ngày tải lên: 12/08/2014, 19:22

... to the ICU from another department Hence, the GPs are not involved in the ICU admission process Second, the patients are discharged from the ICU to ward, but not to their homes To increase the ... during the patient ICU stay (frequency and the aim of these meetings) The frequency of reception of an ICU report was estimated GPs' wishes Materials and methods The present study was approved by the ... city, and distance between their office and the nearest university hospital ICU In addition, information concerning the number of patients per year, the way medical information related to the patient...

Ngày tải lên: 13/08/2014, 20:22

... review and hypotheses 2.2.1 Cross-listing and the Bonding Hypothesis: the role of underwriter reputation The traditional literature of cross-listings supports the segmentation hypothesis This hypothesis ... 2: The reputation of underwriters: A test of the Bonding Hypothesis 2.1 Introduction 2.2 Literature review and hypotheses 12 2.2.1 Cross-listing and the Bonding Hypothesis: ... the number of times they lead an IPO as well as the frequency and ordering by which they appear in other syndicates of underwriters The data the authors use to compute the ranking come from the...

Ngày tải lên: 02/11/2014, 00:47

... a Theme, paint, as the object of the verb while a Goal, the wall, appears as the object of the preposition on In (82) the Goal is however realized as the object of the verb and the Theme as the ... by the Theme role This does not follow the condition on passives and (32) is therefore ungrammatical In (34) the Theme is however the derived subject and the Location argument contained in the ... to the delimitedness of the events in (63) and (64) even though the count noun the heater is exchanged for the mass noun heat The same applies to the examples below where the mass noun snow and...

Ngày tải lên: 22/10/2015, 17:57

... lưu phục hồi liệu Lưu trữ theo kiểu truyền thống SAN-đa lưu trữ theo cấp Dual-Fabric SAN Storage Consolidation Architecture Các công nghệ • Giao thức iCSI • FCoE • Infiniband • Ảo hóa • Phần mềm ... kết nối SAN • Thuộc lớp thấp: phần bao gồm kết nối thuộc tầng datalink network • Giao diện Ethernet: Ethernet thường sử dụng để kết nối máy chủ với máy chủ máy chủ với máy trạm • Fibre Channel: ... đáng kể • Fibre Channel over Ethernet (FCOE) ảnh hưởng công nghệ đến kiến trúc lưu trữ Hype Cycle cho công nghệ lưu trữ, năm 2008 SAN solution Một nhìn tổng quan theo cấp SAN kết nối nhiều máy...

Ngày tải lên: 17/09/2012, 10:43

... variety of approaches They examine the structure of the press; the methods used to control it by political authorities and their effectiveness; the journalistic texts themselves; and the political role ... texts, their presentation and format, the topics they covered, the way issues were presented and the messages, overt and implicit, that they contained Such a comprehensive approach to the comparative ... political press was the product of the struggles for independence from Britain and to forge a new nation, and in the Netherlands, the outcome of the Patriot Revolution of the s In France...

Ngày tải lên: 21/09/2012, 10:58

... Australia, Canada and the United States Donald R Rothwell and Christopher C Joyner Canada and the Arctic marine environment The United States and the Arctic marine environment Australia and the Antarctic ... of their provisions Disregarding for a moment both their unique features and the impact of the Arctic and Southern Oceans on the global environment, their sheer size deserves closer notice The ... Utrecht, the Netherlands, 29 April–10 May 1996 (The Hague: Netherlands Ministry of Foreign Affairs, 1997) For a comprehensive review see O S Stokke and D Vidas (eds.), Governing the Antarctic: The...

Ngày tải lên: 21/09/2012, 10:58

Ngày tải lên: 04/10/2012, 10:02

... displays the Pearson’s correlation coefficients and their p-values for the paired variable in each time region The null hypothesis is that the correlation is equal to zero The alternative hypothesis ... over the change in the 10-year Treasury bond yield, the change in slope (defined as the difference between 10-year and 2-year Treasury bond yields), the convexity, the change in leverage, the ... BBB and maturities ranging from intermediate to long-term They find the relation between credit spreads and interest rates (level and slope) differ based on the maturity, credit ratings, and the...

Ngày tải lên: 26/10/2012, 11:21

... transcription in the transcribed DNA strand of active genes The other is global genome repair (GGR), which removes lesions throughout the genome, including those from the nontranscribed strand in the active ... cancer and so on The random effects model incorporates an estimate of the between-study variance and tends to provide wider CIs when the results of the constituent studies differ among themselves ... around the start codon is GCCRCCAUGG, which is known as the Kozak consensus sequence [62] The R at position -3 and the G just downstream of the start codon are especially important, and the lack...

Ngày tải lên: 31/10/2012, 14:59

... than 70 at the time of the interview, 74,942 women remained for the SWHS The major reasons for non-participation were refusal (3.0%), absence during the enrolment period (2.6%), and other miscellaneous ... interview for assessment of dietary intake, physical activity, and measurement of anthropometrics and other lifestyle factors Protocols for the SWHS were approved by the Institutional Review ... question on the amount consumed in lians (50g/lian) per unit of time A lian is the unit of weight in China equivalent to 50 g The reproducibility and validity of the FFQ was assessed in a random sample...

Ngày tải lên: 31/10/2012, 16:49