Dynamic Scaling of the Generalized Complementary Relationship Improves Long-term Tendency Estimates in Land Evaporation

Most large-scale evapotranspiration(ET)estimation methods require detailed information of land use,land cover,and/or soil type on top of various atmospheric measurements.The complementary relationship of evaporation(CR)takes advantage of the inherent dynamic feedback mechanisms found in the soil−vegetation−atmosphere interface for its estimation of ET rates without the need of such biogeophysical data.ET estimates over the conterminous United States by a new,globally calibrated,static scaling(GCR-stat)of the generalized complementary relationship(GCR)of evaporation were compared to similar estimates of an existing,calibration-free version(GCR-dyn)of the GCR that employs a temporally varying dynamic scaling.Simplified annual water balances of 327 medium and 18 large watersheds served as ground-truth ET values.With long-term monthly mean forcing,GCR-stat(also utilizing precipitation measurements)outperforms GCR-dyn as the latter cannot fully take advantage of its dynamic scaling with such data of reduced temporal variability.However,in a continuous monthly simulation,GCR-dyn is on a par with GCR-stat,and especially excels in reproducing long-term tendencies in annual catchment ET rates even though it does not require precipitation information.The same GCR-dyn estimates were also compared to similar estimates of eight other popular ET products and they generally outperform all of them.For this reason,a dynamic scaling of the GCR is recommended over a static one for modeling long-term behavior of terrestrial ET.

SPATIO-TEMPORAL VARIATION OF ACTUAL EVAPOTRANSPIRATION AND ITS RELATION WITH CLIMATE PARAMETERS IN THE PEARL RIVER BASIN,CHINA

Spatio-temporal variation of actual evapotranspiration(ETa) in the Pearl River basin from 1961 to 2010 are analyzed based on daily data from 60 national observed stations. ETa is calculated by the Advection-Aridity model(AA model) in the current study, and Mann-Kendall test(MK) and Inverse Distance Weighted interpolation method(IDW)were applied to detect the trends and spatial variation pattern. The relations of ETa with climate parameters and radiation/dynamic terms are analyzed by Person correlation method. Our findings are shown as follows: 1) Mean annual ETa in the Pearl River basin is about 665.6 mm/a. It has significantly decreased in 1961-2010 at a rate of-24.3mm/10 a. Seasonally, negative trends of summer and autumn ETa are higher than that of spring and winter. 2) The value of ETa is higher in the southeast coastal area than in the northwest region of the Pearl River basin, while the latter has shown the strongest negative trend. 3) Negative trends of ETa in the Pearl River basin are most probably due to decreasing radiation term and increasing dynamic term. The decrease of the radiation term is related with declining diurnal temperature range and sunshine duration, and rising atmospheric pressure as well. The contribution of dynamic term comes from increasing average temperature, maximum and minimum temperatures in the basin. Meanwhile, the decreasing average wind speed weakens dynamic term and finally, to a certain extent, it slows down the negative trend of the ETa.

Religious atmosphere and the cost of equity capital:Evidence from China

The cost of equity capital(ICC)is a crucial component of investment decisions and corporate performance evaluations.This study explores the effect of a region’s religious atmosphere on ICC and finds that ICC tends to be lower when stronger religious atmosphere is created.We further use the mediation effect method to clarify the specific channel through which religious atmosphere reduces ICC,and find that earnings quality,corporate investment efficiency and corporate social responsibility partially mediate the effect of religious atmosphere on ICC.Moreover,the relationship between religious atmosphere and ICC is more pronounced in firms with stronger external law environments and higher audit quality,indicating that formal institutions and religious tradition complement each other.