This study tests the random walk hypothesis for the Indian stock market. Using 19 years of monthly data on six indices from the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), this study applies three different unit root tests with two structural breaks to analyse the random walk hypothesis. We find that unit root tests that allow for two structural breaks alone are not able ...

In this paper, a complex wireless sensing unit is designed for application in structural health monitoring systems. Fabricated from advanced embedded system technologies, the fundamental building block of the system is a wireless sensing unit capable of employing a spread-spectrum wireless modem for peer-to-peer communication between sensing units and a complex 32-bit computational core for loc...

Object-oriented (OO) design patterns define collections of interconnected classes that serve a particular purpose. A design pattern is a structural unit in a system built out of patterns, not unlike the way a function is a structural unit in a procedural program or a class is a structural unit in an OO system designed without patterns. When designers treat patterns as structural units, they bec...

Strong interest in applying wireless sensing technologies within structural monitoring systems has grown in recent years. Wireless sensors are capable of passively collecting response measurements of a dynamic structural system at low-costs. However, the role of wireless sensing within structural monitoring systems can be expanded if sensors are provided a direct interface to the physical syste...

Endogenous variables in structural models of agricultural commodity markets are typically treated as stationary. Yet, tests for unit roots have rather frequently implied that commodity prices are not stationary. This seeming inconsistency is investigated by focusing on alternative specifications of unit root tests. We apply various specifications to Illinois farm prices of corn, soybeans, barro...

Taxanes, such as, e.g., taxinin Β 1 or taxol 2, are unu­ sual hydroxylated diterpenes which occur in plants of the family Taxaceae, to which the yew tree (Taxus baccata L.) belongs. The antileukemic and antitumoral activities of some taxanes and the problems encountered in the syn­ thesis of the unusual tricyclic carbon skeleton 3 have aroused increasing interest in recent years . According to ...

The relation between two elastic continuum approaches to grain boundary structure, the dislocation and disclination models, is discussed. It is shown that the disclination model has two advantages: a well-behaved expression for the elastic energy of disclination dipole walls, which describes the elastic energy over a wide interval of misorientations, and a continuous misorientation angle depend...

In this paper we suggest panel data unit root tests which allow for a potential structural break in the individual e¤ects and/or the trends of each series of the panel, assuming that the time-dimension of the panel, T , is ...xed. The proposed test statistics consider for the case that the break point is known and for the case that it is unknown. Monte Carlo evidence suggests that they have siz...

The theme of unit roots in macroeconomic time series have received a great amount of attention in terms of theoretical and applied research over the last three decades. Since the seminal work by Nelson and Plosser (1982), testing for the presence of a unit root in the time series data has become a topic of great concern. This issue gained further momentum with Perron’s 1989 paper which emphasiz...

The two-break unit root test of Lumsdaine and Papell (1997) is examined and found to suffer from bias and spurious rejections in the presence of structural breaks under the null. A two-break minimum LM unit root test is proposed as a remedy. The two-break LM test does not suffer from bias and spurious rejections and is mostly invariant to the size, location, and misspecification of the breaks. ...