46 research outputs found
Savings investment correlations and capital mobility in developing countries
No full textThe author estimates savings and investment correlations for 58 developing countries to assess the capital mobility (in the Feldstein-Horioka sense) in these countries. Using a new estimation technique (fully modified ordinary least squares) - which simultaneously corrects for serial correlation, endogeneity, and sample bias (asymptotically) - the author finds that many developing countries are financially integrated in the long run. More important, the estimates from this robust estimation technique indicate that savings-investment correlations are lower for middle-income than for lower-income countries. The author also provides evidence of capital mobility for several of these countries in the short run.Economic Theory&Research,Banks&Banking Reform,Macroeconomic Management,Statistical&Mathematical Sciences,Scientific Research&Science Parks
The Value of Control in Emerging Markets
No full textWhen a developed-country multinational firm acquires majority control of a firm in an emerging market, there is an economically large and statistically significant increase in the acquiring firm's stock price. In 1986--2006, developed-market acquirers experienced positive and significant abnormal returns of 1.16%, on average, over a three-day event window. Positive acquirer returns and dollar value gains appear unique to emerging-market mergers and acquisitions and are not replicated when the same developed-market acquirers take over firms in developed markets. The size of the stock price increase is more pronounced (a) the weaker the contracting environment in the emerging market and (b) for industries with high asset intangibility. The Author 2009. Published by Oxford University Press on behalf of The Society for Financial Studies. All rights reserved. For Permissions, please e-mail: [email protected]., Oxford University Press.
Semiclassical Model for Vibrational Dynamics in Polyatomic Molecules: Investigation of Internal Vibrational Relaxation
No full textStructure Dependent Energy Transport: Relaxation-Assisted 2DIR Measurements and Theoretical Studies
No full textOsteopontin alters endothelial and valvular interstitial cell behaviour in calcific aortic valve stenosis through HMGB1 regulation
No full textOBJECTIVES: Calcific aortic valve stenosis (CAVS) is an important clinical problem predominantly affecting elderly individuals. Studies suggest that the progression of CAVS is actively regulated with valve endothelial injury leading to inflammation, fibrosis and calcification. The aim of this study was to delineate the possible regulatory role of osteopontin (OPN) on high-mobility group box 1 (HMGB1) function and the associated inflammatory and fibrotic response in CAVS
Limited Participation, Income Distribution and Capital Account Liberalization
No full textThis paper examines theoretically, using a two-country real-business-cycle model, the effects of capital-market liberalization when there is limited participation in national financial markets. It is assumed that workers cannot smooth consumption as well as do stockholders, and therefore, liberalization may hurt workers. This dynamic model evaluates some claims---made particularly by the "anti-globalization" movement---that capital movements hurt workers, while benefitting stockholders. Quantitatively, liberalization makes workers better off in the long run, since the new capital allocation and increased insurance foster capital accumulation, raising wages that offset the output fluctuations due to capital flows. However, transitional effects may overturn these long-run benefitsCapital Account Liberalization, Globalization and Limited Participation
Structure Dependent Energy Transport: Relaxation-Assisted 2DIR Measurements and Theoretical Studies
No full textVibrational energy relaxation and transport in a molecule that is far from thermal equilibrium can affect its chemical reactivity. Understanding the energy transport dynamics in such molecules is also important for measuring molecular structural constraints via relaxation-assisted two-dimensional infrared (RA 2DIR) spectroscopy. In this paper we investigated vibrational relaxation and energy transport in the ortho, meta, and para isomers of acetylbenzonitrile (AcPhCN) originated from excitation of the CN stretching mode. The amplitude of the cross-peak among the CN and CO stretching modes served as an indicator for the energy transport from the CN group toward the CO group. A surprisingly large difference is observed in both the lifetimes of the CN mode and in the energy transport rates for the three isomers. The anharmonic DFT calculations and energy transport modeling performed to understand the origin of the differences and to identify the main cross-peak contributors in these isomers described well the majority of the experimental results including mode excited-state lifetimes and the energy transport dynamics. The strong dependence of the energy transport on molecular structure found in this work could be useful for recognizing different isomers of various compounds via RA 2DIR spectroscopy
Psychodynamic approaches to teaching medical students about the doctor-patient relationship: Randomised controlled trial
No full textAims and method:
To evaluate the effectiveness of two psychodynamic psychotherapy teaching methods, a student psychotherapy scheme (SPS) and participation in a Balint group, in teaching first-year clinical medical students about doctor-patient communication and the doctor-patient relationship. The 28 students, who were randomly allocated to three groups (SPS group, Balint group starting at baseline and Balint group starting at 3 months and acting as partial controls), were rated on a questionnaire testing their knowledge of emotional and psychodynamic aspects of the doctor-patient relationship administered at baseline, at 3 months and at 1 year.
Results:
At 3 months, students in the SPS and Balint groups scored higher than the partial control group, the difference approaching significance at the 5% level. At 1 year, participation in either teaching method led to significantly higher scores compared with baseline.
Clinical implications:
Psychodynamic psychotherapy teaching methods are effective in increasing students’ knowledge of the doctor-patient relationship and potentially also improving their communication skills
