This issue contains six papers that were presented in preliminary form at the 5th Workshop on Algorithmic Methods and Models for Optimization of Railways (ATMOS 2005), held at Palma de Mallorca, Spain, October 7, 2005 in conjunction with ALGO 2005. These papers are representative of several areas of research within the scope of ATMOS: rolling stock circulation and engine assignment, station loc...

In this study, we assess the dynamic evolution of short-term correlation, long-term cointegration and Error Correction Model (hereafter referred to as ECM)-based long-term Granger causality between each pair of US, UK, and Eurozone stock markets from 1980 to 2015 using the rolling-window technique. A comparative analysis of pairwise dynamic integration and causality of stock markets, measured i...

This issue contains six papers that were presented in preliminary form at the 5th Workshop on Algorithmic Methods and Models for Optimization of Railways (ATMOS 2005), held at Palma de Mallorca, Spain, October 7, 2005 in conjunction with ALGO 2005. These papers are representative of several areas of research within the scope of ATMOS: rolling stock circulation and engine assignment, station loc...

The paper analyzes how social barriers to communication affect economy-wide productivity and factor accumulation. Using a dynamic model of an economy that includes a reproducible capital stock (physical or human) and effective labor, a negative relationship is shown to exist between social barriers to communication and total factor productivity (TFP), per capita consumption and reproducible cap...

A key determinant of the quality of hot-rolled strip is mechanical properties lying within the tolerance range. Traditionally, this is done by testing samples which is costly, time-consuming and ties up stock awaiting test results. An alternative is given by MicroStructureMonitor, a computer model-based system which calculates the required quality parameters rather than measuring them and addit...

This research analyzes manufacturing growth and decline across metropolitan and nonmetropolitan regions during the 1972–2002 period. We decompose real value added growth across local labor market areas in the lower 48 U.S. states into contributions from labor, capital, and total factor productivity. We then estimate a model describing the long-run growth of labor, capital, and productivity and ...

China has been moving out from its country into other countries in the world, including Malaysia, with some positive and negative news. We are to examine the impact of China’s investment on our employment, price level and productivity as well as sectoral stock market performances: consumer products and services; construction and industrial sectors. The causality analyses on quarterly data from ...

The issue of whether government capital is productive has received a great deal of attention recently, yet empirical analyses of public capital productivity have generally been limited to the official capital stock estimates available in a small sample of countries. Alternatively, many researchers have investigated the output effects of public investment—recognizing that investment may be a poo...

The issue of whether government capital is productive has received a great deal of attention recently, yet empirical analyses of public capital productivity have generally been limited to the official capital stock estimates available in a small sample of countries. Alternatively, many researchers have investigated the output effects of public investment—recognizing that investment may be a poo...