this paper evaluates the real exchange rate fluctuations and uncertainties resulting from it, in the iranian economy. for this purpose, at first indirect effect of real exchange rate uncertainties on economic growth through foreign investment, private investment and exports are expressed, then the real exchange rate uncertainties and its relationship with economic growth and final pattern of in...

• Since Wilkie’s result [9] (which established that the elementary theory Texp of (R, exp) is model complete and o-minimal), many o-minimal expansions of the reals have been investigated. The problem of constructing nonarchimedean models of Texp (and more generally, of an ominimal expansion of the reals) gained much interest. • In [2] it was shown that fields of generalized power series cannot ...

www.ethnobotanyjournal.org/vol3/i1547-3465-03-201.pdf Ethnobotany Research & Applications 3:201-207 (2005) Victoria Reyes-García, ICREA-Institut de Ciència i Tecnologia Ambiental, Universitat Autónoma de Barcelona, 08193 Bellatera, Barcelona, SPAIN. [email protected] Victoria Reyes-Garcia, Vincent Vadez & Tomás Huanca, Sustainable International Development Program, Heller School for Social Po...

The usual focus in authorship studies is on authorship attribution, i.e. determining which author (of a given set) wrote a piece of unknown provenance. The usual setting involves a small number of candidate authors, which means that the focus quickly revolves around a search for features that discriminate among the candidates. Whether the features that serve to discriminate among the authors ar...

In this study, we use the UK Millennium Cohort Study to estimate a dynamic factor model of child development. Our model follows the children from birth until 7 years of age and allows for both cognitive and noncognitive abilities in children. We find a significant self-productivity effect in both cognitive and noncognitive development, as well as some evidence of dynamic dependence across diffe...

In this paper we propose and estimate a dynamic structural model of fixed capital investment at the firm level. Our dataset consists of an unbalanced panel of Spanish manufacturing firms. Two important features are present in this dataset. There are periods in which firms decide not to invest and periods of large investment episodes. These empirical evidence of infrequent and lumpy investment p...

A dynamic model of investment process for a technology innovator in a market environment is designed. The ”light” dynamics of the active innovator is described by the system of exponential trajectories in which one can quickly change growth parameters. It is assumed that the innovator operates in the inert market environment which can be presented by ”heavy” exponential trajectories. The growth...

This paper presents a model of aggregative investment. In the model, the business sector expands by adding new establishments. Costs of investment are linear but, in the case of net investment, depend upon the risk of entry failure. We can measure the risk, and time-series variations in it, from micro data. We show that average entry-failure rates are sufficiently high that entry risk alone can...

The optimal investment policy for a standard multi-period mean–variance model is not time-consistent because the variance operator is not separable in the sense of the dynamic programming principle. With a nested conditional expectation mapping, we develop an investment model with time consistency in Markovian markets. Furthermore, we examine the differences of the investment policies with a ri...

The fact that derivative securities are equivalent to specific dynamic trading strategies in complete markets suggests the possibility of constructing buy-and-hold portfolios of options that mimic certain dynamic investment policies, e.g. asset-allocation rules. We explore this possibility by solving the following problem: given an optimal dynamic investment policy, find a set of options at the...