Search results for "TRADE"
showing 10 items of 1475 documents
Hedging effectiveness of European wheat futures markets
2014
The instability of commodity prices and the hypothesis that speculative behaviour was one of its causes has brought renewed interest in futures markets. In this paper, the hedging effectiveness of European and US wheat futures markets were studied to test whether they were affected by the high price instability after 2007. Implicitly, this is a test of whether the increasing presence of speculation in futures markets have made them divorced from the physical markets. A multivariate GARCH model was applied to compute optimal hedging ratios. No important evidence was found of a change in the effectiveness of hedging after 2007.
Rheological properties of asphalt binder modified with waste polyethylene: An interlaboratory research from the RILEM TC WMR
2022
Funding Information: The RILEM Technical Committee on Valorisation of Waste and Secondary Materials for Roads (TC 279-WMR) and the members of Task Group 1 are gratefully acknowledged. The authors would also like to thank Nynas AB and Swiss company Innorecycling for supporting the interlaboratory activity by providing reference neat binder and PE-pellets, PE-shreds additives. The contribution of the Swiss National Science Foundation ( 205121_178991 ) to the Swiss partners is also acknowledged. Funding Information: The RILEM Technical Committee on Valorisation of Waste and Secondary Materials for Roads (TC 279-WMR) and the members of Task Group 1 are gratefully acknowledged. The authors would…
Template-Assembled Synthetic G-Quartets (TASQ) hydrosolubles : du ligand de quadruplexes d'ADN et d'ARN à la plateforme catalytique
2013
Natural G-quartets, a cyclic and coplanar array of four guanine residues held together via Hoogsteen H-bond network, have recently received much attention due to their involvement in G-quadruplex-DNA, an alternative higher-order DNA structure strongly suspected to play important roles in key cellular events (chromosomal stability, regulation of gene expression). Besides this, synthetic G-quartets, which artificially mimic native G-quartets, have also been widely studied for their involvement in nanotechnological applications (i.e. nanowires, artificial ion channels, etc.). In contrast, intramolecular synthetic G-quartets, also named template-assembled synthetic G-quartet (TASQ), have been m…
With whom to merge? A tale of the Spanish banking deregulation process
2010
We propose a spatial competition model to study banks’ strategic responses to the asymmetric Spanish geographic deregulation process. We find that once the geographic deregulation process finishes, inter-regional mergers between savings banks are optimal whenever the economies of scale associated to merging activities are low. If there are large gains, then there will be mergers between savings and commercial banks.
The sunset of Gortyn: amphorae in 7th –8th centuries AD
2014
Gortyn (A. Di Vita [ed.] 2000-01), some new contexts, more delimited and reliable, allow us to define better circulation, developments, and local use of amphorae in the last periods of urban life of the Cretan city. Two contexts of the mid-late 7th and late 7th-8th centuries are briefly analysed, coming from different quarters of the town (the Old Agora and the Early Byzantine houses near the “Praetorium”), and resulting from different formative processes, which could represent the circulation trends just before, and in the re-occupation phase after the earthquake that dismembered the Late Roman urban layout at the end of the 7th/early 8th century. They display a variety of imports from tra…
Il Rilievo MMS di tracciati autostradali
2009
Già da alcuni anni alcuni autori hanno messo in risalto come, anche in ambito autostradale, la geometria d’asse intesa come il complesso plano-altimetrico degli elementi di tracciato, eserciti un ruolo non marginale sulla condotta di guida dell’utente. Grazie alle metodologie di verifica della coerenza della linea d’asse di tracciato (Design Consistency), si accerta o meno che esista un’armonica correlazione tra parametri geometrici significativi e la velocità, di progetto od operativa, del tronco considerato. L’espressione grafica di tale correlazione è il cosiddetto diagramma delle velocità, dalla cui analisi, secondo criteri invero peculiari di infrastrutture viarie non autostradali, è p…
Evaluation of Roundabout Safety Performance through Surrogate Safety Measures from Microsimulation
2018
The paper presents a microsimulation-based approach for roundabout safety performance evaluation. Based on a sample of Slovenian roundabouts, the vehicle trajectories exported from AIMSUN and VISSIM were used to estimate traffic conflicts using the Surrogate Safety Assessment Model (SSAM). AIMSUN and VISSIM were calibrated for single-lane, double-lane and turbo roundabouts using the corresponding empirical capacity function which included critical and follow-up headways estimated through meta-analysis. Based on calibration of the microsimulation models, a crash prediction model from simulated peak hour conflicts for a sample of Slovenian roundabouts was developed. A generalized linear model…
Understanding german fdi in latin america and asia: a comparison of glm estimators
2020
The growth of Foreign Direct Investment (FDI) in developing countries over the last decade has attracted an intense academic and policy-oriented interest for its determinants. Despite the gravity model being considered a useful tool to approximate bilateral FDI flows, the literature has seen a growing debate in relation to its econometric specification, so that which is the best estimator for the gravity equation is far from conclusive. This paper examines the determinants of German outward FDI in Latin America and Asia for the period 1996-2012 by evaluating the performance of alternative Generalized Linear Model (GLM) estimators. Our findings indicate that Negative Binomial Pseudo Maximum …
Accounting for dispersion and correlation in estimating Safety Performance Functions. An overview starting from a case study
2013
In statistical analysis of crash count data, as well as in estimating Safety Performance Functions (SPFs), the failure of Poisson equidispersion hypothesis and the temporal correlation in annual crash counts must be considered to improve the reliability of estimation of the parameters. After a short discussion on the statistical tools accounting for dispersion and correlation, the paper presents the methodological path followed in estimating a SPF for urban four-leg, signalized intersections. Since the case study exhibited signs of underdispersion, a Conway-Maxwell-Poisson Generalized Linear Model (GLM) was fitted to the data; then a quasi-Poisson model in the framework of Generalized Estim…
Overexpression of bone morphogenetic protein-6 (BMP-6) in murine epidermis suppresses skin tumor formation by induction of apoptosis and downregulati…
2001
Bone morphogenetic protein-6 (BMP-6) is a member of the transforming growth factor-beta superfamily. In murine skin, BMP-6 is highly expressed in postmitotic keratinocytes from day 15.5 p.c. till day 6 p.p. Expression in adult skin remains at very low levels, but pathological conditions such as wounding induce the expression of BMP-6. We demonstrate that tumor promotion by TPA (12-O-tetradecanoylphorbol-13-acetate) also induces expression of BMP-6 in suprabasal keratinocytes. This induction is due to post-transcriptional regulation since the level of BMP-6 mRNA remained unchanged. We performed two-stage skin carcinogenesis experiments with transgenic mice epidermally overexpressing BMP-6. T…