Using the consumer theory approach as suggested by Habibullah (2009), this study aims to shed new light on monetary authority by incorporating advertising expenditure, a variable that has been neglected in the past, into study of the money demand function in Indonesia. In addition, different measurements of monetary aggregates (simple-sum and Divisia money) have been used in the estimation to p...

Using a vector error-correction model, I explore the short-run dynamics and long-run linkages between financial reform and the mobilization of domestic saving in Morocco. In the short run, financial depth (volume of intermediation) is shown to have a positive influence on private saving, while increases in real interest rates have a negative impact. The effectiveness of financial intermediation...

Monetary policy-makers face a difficult task when evaluating the current state of the economy and deciding what actions are needed to achieve their objectives, such as keeping inflation within a given range. Because long and variable lags exist between a monetary policy action and its effects on economic variables, policy-makers need a way to assess whether their actions are having, or indeed w...

Spaceborne linear array sensors have been introduced into photogrammetry since more than twenty years ago. The traditional solution of frame photograph cannot deal with image data of linear array sensor anymore, because the position and attitude of the spacecraft vary at each scanner line. Thus the number of unknowns would be extremely large and it is impossible to determinate the exterior orie...

We report the crucial components required to perform scanning electrochemical microscopy (SECM) with nanometer-scale resolution. The construction and modification of the software and hardware instrumentation for nanoscale SECM are explicitly explained including (1) the LabVIEW code that synchronizes the SECM tip movement with the electrochemical response, (2) the construction of an isothermal c...

This paper investigates market integration and asymmetric price transmission in the world rice export markets. Using monthly rice prices from Thailand, Vietnam, and United States, we employ the Johansen test and estimate the threshold vector error correction model (TVECM). Our main findings are that export prices in the three countries are cointegrated, with Thailand and the United States the p...

In pursuit to sketch the Pakistan USA Exchange Rate patterns for the duration of 1991M3 to 2010M5 using the CHEERS model, the role of Goods Market and Financial Market is implied through the Purchasing Power Parity (PPP) and Uncovered Interest Parity (UIP) respectively. The results using Vector Error Correction Model (VECM) revealed that both Parities work in combination with near unity elastic...

in this article, we estimate the vertical price transmission through the iranian rice marketing chain by usingmonthly data from march 2000 to february, 2009 and error correction model (ecm).the causality testresults indicate that changes in the producer price clearly led changes in wholesale and retail prices. inproducer-retail and wholesale-retail models, price transmission is asymmetric but i...

Quantum error-correcting codes have a distance parameter, conveying the minimum number of single spin errors that could cause error correction to fail. However, the success thresholds of the finite per-qubit error rate that have been proven for the likes of the toric code require them to work well beyond this limit. We argue that, without the assumption of being below the distance limit, the su...

The Laplace approximation is applied to measurement error models when the likelihood function involves high dimensional integrals. The cases considered are generalized linear models with multiple covariates measured with error and generalized linear mixed models with measurement error in the covariates. The asymptotic order of the approximation and the asymptotic properties of the Laplace-based...