68 research outputs found
Policymaking Function for the Creation of Renewable Energy Business by Community-based Corporations
No full textJapanese community-based corporations (CBCs) can impact diverse regions when they work with regional corporations to implement renewable energy projects. Their activities are integrated and thus have particular relevance in energy policy and project outcomes because the CBCs include both non-profit organisations and corporations that are political advocates and sustainable businesses. The research result of four policymaking processes suggested that CBCs’ direction indicates two features: First, the CBCs include both non-profit organisations that are political advocates and corporations that are sustainable businesses in each phase of regional industrial creation. Second, CBCs can manage projects that combine policymaking and market development simultaneously and integrate their results over the long term. Local municipalities can utilise the model linking policy formation and business impacts to integrate the business management approach into policymaking.Full paper presented at the Virtual IRSPM Conference 202
A critical appraisal of McKinnon’s complementary hypothesis: Does the real rate of return on money matter for investment in developing countries?
No full textMcKinnon’s (1973) complementary hypothesis predicts that money and investment are complementary due to a self-financed investment, and that a real deposit rate is the key determinant of capital formation for financially constrained developing economies. This paper critically appraises this contention by conducting a vigorous empirical approach by using panel data for 108 developing countries over the sample period of 1970-2006. The long-run and dynamic estimation results based on McKinnon’s theoretical model are supportive of the hypothesis. However, when the investment model is conditioned by such factors as financial development, different income levels across developing countries, external inflows, public finance and trade constraints, the credibility of the hypothesis has been undermined
PERKEMBANGAN KOGNITIF TOTTO-CHAN DALAM NOVEL MADOGIWA NO TOTTO-CHAN KARYA KUROYANAGI TETSUKO: SEBUAH TINJAUAN PSIKOLOGIS
No full textThis research analyze Madogiwa no Totto-chan, a novel by Kuroyanagi
Tetsuko. This novel first published in 1981. The story is about a girl named Tottochan
who was expelled from her school because of her mischievous behavior.
After that, she was transferred to Tomoe Gakuen. There, she felt comfortable and
happy. Everything about Tomoe Gakuen is different from any other school in
Japan. That amazed Totto-chan. She enjoyed every single day of school life in
Tomoe.
This research is aimed at determine Totto-chan�s cognitive development
and the factors that influence it. Because of that, the author used Jean Piaget�s
theory of children�s psychological development to analyze a character in a novel.
This theory can help to understand Totto-chan�s intelligence development.
In conclusions, Totto-chan, the character in Madogiwa no Totto-chan, is
on a transition perio
Investigating the Form-Meaning Mapping in the Acquisition of English and Japanese Measure Phrase Comparatives
No full textWe present a set of experiments investigating how English- and Japanese-speaking children interpret Measure Phrase comparatives (e.g., X is 10 meters taller than Y / X-wa Y-yori 10-meters takai). We show that despite overt cues to the comparative interpretation (i.e., the comparative -er morpheme in English, and explicit linguistic and visual reference to a contextual standard), children representing both languages diverge from their adult counterparts in that they access a non-adult-like ‘absolute measurement’ interpretation (i.e., X is 10 meters tall). We propose to account for their response pattern by appealing to proposals by Svenonius and Kennedy (2006) and Sawada and Grano (2011) that Meas in the head of the DegP, which houses the differential, selects for an absolute minimal value: zero. We argue that young children appeal to this absolute zero minimum in lieu of the correct derived standard, and must learn to override this value by appealing to the context to set the standard of comparison when interpretation requires them to do so.Peer reviewe
Has entry to the European Union altered the dynamic links of stock returns for the emerging markets?
No full textThis article investigates the impact of the entry to the European Union (EU) on the dynamic links between the stock market indices of Czech Republic, Hungary, Poland and Slovakia vs. those of the euro-zone by utilizing the international version of the feedback-trading model. Prior to entry, there was evidence of feedback trading with the euro-zone, however, this disappeared in the post-entry period with the exception of Slovakia. Evidence appears to demonstrate the emergence of financial integration of these transition economies within the EU.
The integration of the credit default swap markets during the US subprime crisis: Dynamic correlation analysis
No full textThis is the post-print version of the final paper published in Journal of International Financial Markets,
Institutions and Money. The published article is available from the link below. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. Copyright @ 2011 Elsevier B.V.This paper investigates the integration of the credit default swap (CDS) markets of 38 developed and emerging countries with the US market during the subprime crisis period by utilising dynamic conditional correlation from the multivariate GARCH model. Evidence reveals that the Lehman shock seems to have strengthened the integration, in particular, for developed markets. For both developed and emerging markets, declining US interest rates are found to be the main driving factor behind the higher level of correlation, suggesting that the CDS markets were heavily driven by the world largest economy when the crisis reached its peak
STOCK MARKET INTEGRATION FOR THE TRANSITION ECONOMIES: TIME-VARYING CONDITIONAL CORRELATION APPROACH
No full textIn this paper, we investigate the extent to which the three emerging Central Eastern European stock markets have become integrated with the aggregate eurozone market over the sample period from 1994 to 2006 by utilizing the dynamic conditional correlation. We find a higher level of the stock market correlation during the period after the Asian and Russian crises and also during the post-entry period to the European Union. It is found that financial market integration seems to be a largely self-fuelling process, depending on existing levels of financial sector development for the Czech Republic and Hungary. Copyright � 2008 The Authors. Journal compilation � 2008 Blackwell Publishing Ltd and The University of Manchester.
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