Search results for "turns"

THe Verdoorn law at regional level: Evidence from Europe

2014

Interest rate changes and stock returns in Spain: A wavelet analysis

2015

This paper investigates the relationship between changes in interest rates and the Spanish stock market at the industry level over the period from January 1993 to December 2012 using a wavelet-based approach. The empirical results indicate that Spanish industries exhibit, in general, a significant interest rate sensitivity, although the degree of interest rate exposure differs considerably across industries and depending on the time horizon under consideration. In particular, regulated industries such as Utilities, highly indebted industries such as Real Estate, Utilities or Technology and Telecommunications, and the Banking industry emerge as the most vulnerable to interest rates. Further,…

From Global Games to Re-contextualized Games: The Design Process of TekMyst

2011

Designing, developing and testing a game for a specific learning context and then achieving positive results, encourages one to deploy it in other environments. We know however that it is not always possible to successfully transfer artifacts from one learning context to the next. In this chapter we explore the principles to be considered when re-contextualizing a game. We base our analysis on the transfer of a Hypercontextualized Game SciMyst (which was designed and developed for the Joensuu Science Festival) into its re-contextualized version TekMyst (for the Helsinki Museum of Technology). Employing a qualitative approach we review the requirements and design decisions at the hand of fou…

Developing Online Collaborative Games for e-Learning Environments

2014

Based on our experience, we believe that games, competition and teamwork offer a pleasant and active way of learning. This is much more efficient when the learner has a smile on his face, when he is astonished and curious about next levels and finds the game sufficiently challenging and fun to try again. Our application proposal has the purpose of implementing an e-Learning platform for improving the teaching and learning process in somewhat abstract domains, such as computer architecture or object oriented programming, with the help of games. These games are time-dependent and are able to support collaboration between groups. To this date there are two learning games implemented: a crosswo…

Back to School : Labor-Market Returns to Higher Vocational Schooling

2019

This paper examines the labor-market returns to a new form of postsecondary vocational education: vocational master's degrees. We use individual fixed effects models on a matched sample of students and non-students from Finland to capture any time-invariant differences across individuals. We find that attendance in vocational master's programs leads to an earnings increase of more than seven percent five years after entry. The estimated effect remains positive even if selection on unobservables is twice as strong as selection on observables. Earnings gains are similar by gender and age, but they are marginally higher for those in the health sector than for those in the business or technolog…

Identità e territori, abbandoni e ritorni

2020

Il contributo riflette sulle identità dei territori, e su come queste siano in grado di orientare certe dinamiche all’interno delle comunità, sul fenomeno dello spopolamento e degli abbandoni – problema che negli ultimi tempi, soprattutto nel Meridione italiano, è al centro del dibattito politico e scientifico – e sul caso specifico di Mamoiada, comune della Sardegna interna che, sino agli anni Novanta del secolo scorso, ha scontato un importante decremento della popolazione e una forte disgregazione sociale dovuti in massima parte ai fatti criminali che si sono succeduti per più di trent’anni e oggi, come la quasi totalità dei comuni delle aree interne, si confronta con la denatalità, l’in…

Is Big Brother Watching Us? Google, Investor Sentiment and the Stock Market

2013

International audience; This paper proposes a novel measure of French investor sentiment based on the volume of internet search reported by Google Trends. We find that our sentiment indicator correlates well with alternative sentiment measures often used in the literature. Furthermore, we find that investor sentiment influences the behavior of mutual fund investors. The results also reveal evidence about short-run predictability in return. An increase in our sentiment index leads to short-term return reversal. The reversal pattern is more pronounced for smaller firms than larger firms, consistent with the predictions of noise trader's models.

Zvaigžņotā Debess: 2017, Vasara (236)

2017

Contents: In MEMORIAM of ANDREJS ALKSNIS: Curriculum Vitae of Andrejs Alksnis (1928-2017) ; Condolences and Parting Words ; List of Publications by Professor Andrejs Alksnis ; “ZVAIGŽŅOTĀ DEBESS” FORTY YEARS AGO: J.Francmanis. Enigma of Saturn’s Rings Brightness (abridged) ; E.Mūkins. Crater on Mercury Named After Rainis (abridged) ; Ā.Alksne. The Starry Sky in the Summer of 1977 (abridged) ; DEVELOPMENTS in SCIENCE: K.Schwartz. Early Universe Through the Eyes of Telescopes ; DISCOVERIES: K.Schwartz. Dwarf Galaxy Henize 2-10 with a Massive Black Hole ; J.Kuzmanis. Hot Topic – FRB 121102 ; SPACE RESEARCH and EXPLORATION: J.Kalvāns. Are Earth's Oceans of Interstellar Origin? ; J.Jaunbergs. ‘D…

Switching to floating exchange rates, devaluations, and stock returns in MENA countries

2012

Abstract We test for the impact of the announcements of floating and/or devaluating the exchange rate on stock returns in three MENA countries after the financial crises they experienced. We, first, use an event-study methodology to test for event-induced abnormal volatility of stock returns in Egypt, Morocco and Turkey. We, then, use three different methodologies to test for abnormal returns: a traditional approach and two approaches that control for event-induced volatility. We find clear evidence of abnormal volatility and abnormal returns due to the floating of the Egyptian and Turkish exchange rates in 2003 and 2001, respectively. In contrast, our results do not show that the devaluati…

Public capital, productive efficiency and convergence in the Spanish regions (1964-93)

1998

This paper analyses the behaviour of productive efficiency in the Spanish regions for the period 1964–93. From a growth accounting approach, it describes the regional evolution of total factor productivity (TFP'), based on a private inputs production function. A stricter measure of efficiency is then quantified, which is not equivalent to Solow's residual, since public capital is included in the production function and constant returns to scale are not imposed. Finally, on the basis of the measures of total factor productivity and efficiency, the study discusses the existence of technological convergence among Spanish regions and the role played in it by public capital. The renewed interest…