Search results for " Yield"

Modeling Term Structure Dynamics in the Nordic Electricity Swap Market

2010

We analyze the daily returns of Nordic electricity swaps and identify significant risk premia in the short end of the market. On average, long positions in this part of the swap market yield negative returns. The daily returns are distinctively non-normal in terms of tail-fatness, but we find little evidence of asymmetry. We investigate if the flexible four-parameter class of normal inverse Gaussian (NIG) distributions can capture the observed stylized facts and find that this class of distributions offers a remarkably improved fit relative to the normal distribution. We also compare the fit with that of the four-parameter class of stable distributions; the NIG law outperforms the stable la…

Stock market information and the relationship between real exchange rate and real interest rates

2013

In this paper we propose to augment the traditional relationship between real exchange rates and real interest rates (RERI) by adding the stock market equilibrium condition to it. We introduce the relative dividend yield as the new information variable. In the empirical analysis we use recent monthly observations from the U.K., Japan, Canada and Eurozone, all relative to the U.S. We show that the introduction of stock market information is highly relevant for the functioning of the RERI hypothesis. Based on the results from the cointegration analysis the role of relative stock market performance is especially important in the short- term (3 month) horizon, where the augmented RERI represent…

FRUIT PRODUCTION OF CULTIVATED CACTI: A SHORT OVERVIEW ON PLANT ECOPHYSIOLOGY AND C BUDGET

2009

Water need of Energy Crops – one of the environmental problems of Poland

2010

The government policy updates of Poland are presented, showing legal and financial instruments for governing bioenergy developments. The strategy for renewable energy must be co-ordinated with the strategy of water management in the country. The water needs are given for cool climate and extensive agriculture of Central and Eastern Europe which are few times lower than for hotter condition of Southern Europe. Despite this the rain would be not enough for water supply of most of the energy crops.

Mechanical behaviour of Palermo and Marsala calcarenites (Sicily), Italy

2016

Abstract This paper aims at finding a framework for the Sicilian Calcarenites relating the strength and the deformability of these materials to their geological and structural features: fabric, bonding, initial and actual specific volume. In particular, this study sets out to separate the effects of fabric and of bonding on the mechanical response. The investigated lithotypes, Calcarenites from Palermo and Marsala, outcropping in many areas of southwestern Sicily, are characterized by sudden changes in their deformability, strength and permeability characteristics. The geotechnical identification, by means of computerized axial tomography and thin section petrographic analysis suggested a s…

EFFECTS OF PLASTIC MULCH AND FLOATING COVER ON LETTUCE PRODUCTION IN SICILY

2012

The use of floating cover directly applied on top of the crop is rapidly increasing on leafy vegetables like lettuce as a simple, inexpensive and effective technique to induce earliness. Two lettuce types, ‘Iceberg’ and ‘Romaine’, under two different crop management systems (black plastic mulch and black plastic mulch combined with floating cover) were tested in Sicily in 2007. Plug type transplants were planted at the end of January on double rows. The nonwoven floating cover was applied after transplanting. Maximum and minimum air temperatures below the floating cover during the growing period were in the average 5 and 1.5°C higher than those without cover. Lettuces mulched and protected …

Optical properties and quantum yield determination in photocatalytic suspensions

2006

Knowledge of the optical properties of photocatalytic suspensions is vital for a correct comparison of their energetic efficiency. In this work, the determination of both absorption and scattering coefficients of aqueous suspensions of commercial TiO2 powders irradiated by monochromatic light was carried out by measuring only one quantity—the transmitted photon flow—as a function of the catalyst mass and by applying an asymptotic form of the Kubelka–Munk solution of the radiative transfer equation. Applying a nonlinear fitting procedure the evaluation of the actual values of absorption and scattering coefficients was carried out. The limit for optically thick media of the Kubelka–Munk equat…

Nutri-priming as an efficient means to improve the agronomic performance of molybdenum in common bean (Phaseolus vulgaris L.).

2019

International audience; Microelements play important roles in improving crop productivity and quality. Two traditional methods of providing micronutrients are soil and foliar application, yet the cost involved and phytotoxicity risks poses a major challenge in most global agricultural areas. Nutri-priming represents thus a very promising and viable alternative to ensure that the plants' requirements for micronutrients are met. This paper explores the Mo-priming effects on the germination, growth and yield components of common bean (Phaseolus vulgaris L.). In order to accomplishthis research objective, our study is divided in two phases. The first phase seeks to determine the effects of two …

Stock Earnings and Bond Yields in the US 1871 - 2016: The Story of a Changing Relationship

2018

Using historical data that spans almost 150 years, we examine whether there is a long-run equilibrium relationship between the stock's earnings and bond yields. The novelty of our econometric methodology consists in using a vector error correction model where we allow multiple structural breaks in the equilibrium relationship. The results of our analysis suggest the existence of equilibrium relationship over 1871-1929 and 1958-2017. On the two historical segments, our analysis finds that the stock's earnings yield followed the bond yield in both the short- and long-run, but not the other way around. Perhaps the most important and surprising finding of our empirical study is that, after the …

Learning main drivers of crop progress and failure in Europe with interpretable machine learning

2021

Abstract A wide variety of methods exist nowadays to address the important problem of estimating crop yields from available remote sensing and climate data. Among the different approaches, machine learning (ML) techniques are being increasingly adopted, since they allow exploiting all the information on crop progress and environmental conditions and their relations with crop yield, achieving reliable and accurate estimations. However, interpreting the relationships learned by the ML models, and hence getting insights about the problem, remains a complex and usually unexplored task. Without accountability, confidence and trust in the ML models can be compromised. Here, we develop interpretab…