New Estimates of China＇s Infrastructure and Non- Infrastructure Capital Stocks and Their Output Elasticities

This paper classifies total fixed capital into three categories,namely,economic infrastructure capital,social infrastructure capital and non-infrastructure capital,and then offers complete and detailed estimates of the national time series data(1981-2012) and the provincial panel data of 31 administrative regions(1997-2012).On this basis,this paper estimates the output elasticities of the three categories of capital and then tests whether or not the production function of China shows constant returns to scale.

A Probe into the Mortgage Rates of Land Contract Management Rights Based on Unified Annual Output Value

The mortgage of land contract management rights has launched a pilot project in Ningxia,Hubei,Henan,Guizhou,Chongqing and other provinces,municipalities and autonomous regions,which provides a good solution to the problem of funds for rural development and plays a huge role in promoting local rural economic development.In the mortgage financing of land contract management rights implemented in various regions,how to determine a scientific,accurate and reasonable mortgage rate of land contract management rights becomes a difficulty troubling the mortgage financing of land.On the basis of unified annual output value of land,this article uses survey method,income capitalization method,and comparison method to analyze the value of land contract management rights,and finally determine the mortgage rates of land contract management rights.

Loss Rate Estimation of Yield and Output Value of Tobacco Leaf Infected by Tobacco Blown Spot (Alternaria alternata)

[Objective] The paper was to study the effect of tobacco blown spot on the yield and output value of tobacco leaf.[Method]The upper,middle and lower leaves in tobacco plant were selected during the harvest period of tobacco to carry out loss rate estimation of yield and output value of tobacco leaf caused by different disease levels of brown spot.Regression correlation analysis was also conducted.[Result]The disease levels of brown spot had extremely significant strong negative correlation with single leaf weight of tobacco leaf,and it had extremely significant strong positive correlation with the loss rate of single leaf weight.The increase speed of loss rate of single leaf weight of middle and upper leaves was obviously faster than that of lower leaves.The loss rates of single leaf weight of upper,middle and lower leaves were 3.18%-28.95%,3.43%-28.88% and 10.07%-26.90%,respectively.The higher the disease level of blown spot was,the lower the yield and output value of tobacco leaf was,and the corresponding loss rate was also higher.Correlation analysis showed that the disease level of blown spot had extremely significant strong negative correlation with the yield and output value of tobacco leaf,and it had extremely significant strong positive correlation with the loss rate of yield and output value.The negative impact of blown spot on the output value of tobacco leaf was far greater than that on the yield.The highest loss rate of the yield of tobacco leaf was 28.56%,while the highest loss rate of output value reached 89.67%.[Conclusion] The study provided theoretical basis for accurately holding the critical period for the control of blown spot,thus reducing the damage on tobacco leaf and improving the output value of tobacco leaf.

Analysis of the Moderator Effect of RMB Exchange-- Rate on Export The Case of Guangdong Province in China

An important limitation of the research literatures which study the effect on the export of the real effective exchange rates is the lack of application of interaction or moderator effect among the independent variables. To remedy this lacuna, the authors developed a model in which real effective exchange rate moderated the effect of import and utilization of foreign capital on export. The sample comprised 11 years＇ data in Guangdong China. The result showed that real effective exchange rate of RMB affected the export by interacting with utilization of foreign capital. Moreover, to some degree, the real effective exchange rate can also act as moderator between import and export.

Contribution of Agricultural Input to Output in Hohhot City

Based on the research data from the economics and management platform of Inner Mongolia Agricultural University,we analyze the changes in the input of agricultural production factors,such as farmland,labor and capital in Hohhot City. Based on the principle of econometrics,we select the agricultural production input-output data in Hohhot City during the period 1992-2010,and establish the econometric model using Cobb-Douglas production factor,to estimate the rate of contribution of agricultural input to the growth of agricultural output value,and study the quantitative relations between agricultural input and agricultural output value. The results show that in Hohhot City,the contribution of chemical fertilizer input to the growth of agricultural output value is the greatest; the contribution of mechanical power to agricultural output value is still not brought into full play; the contribution of remaining production inputs ( including technical progress) accounts for 35. 69% . In the future,Hohhot City should pay more attention to the technical input to develop agriculture.

The impact of working capital management on credit rating

This study investigates the possible nonlinear relationship between working capital and credit rating.Furthermore,it examines the relationship between the three components of working capital(inventory,accounts receivable,and accounts payable)and a firm’s credit rating.Employing data for U.S listed firms for the period between 1985 and 2017,the results of our ordered probit model show a nonlinear relationship between working capital and its components and credit rating.Finally,we find that the deviation from the optimal working capital adversely affects the credit rating.The results of this study are of significant importance for policy makers,managers,decision makers,and credit-rating agencies,as they help highlight the importance of working capital management for a firm’s credit rating.

A Review of Geothermal Type-Curves with Damage Effect: A Case of Practical Apply to a Mexican Geothermal Field

A review of the art state was developed about the inflow relationships and their application for reservoir characterization. The theoretical development of the methodology for determining the damage effect using type-curves of the inflow relationships was shown. We show the process followed for achieve the geothermal type-curve affected with damage for reservoirs with mean salinities of 30000 ppm and temperatures up to 350℃. This type-curve was applied using measurement production data in a Mexican geothermal field. According with the obtained results is shown that the methodology for determining the damage effect using production measurements is a sure alternative for the damage effect calculation. It was used an alternative methodology in order to validate the damage presence and the obtained results were consistent. Last thing shows that both methodologies can be combined as a confident manner.

The concept of capital before and after industrial revolution： Islamic versus market economy

The concept of capital and ownership of capital in market economy and Islamic economy is different. Also the role that capital is expected to play in the economy is different in two economic systems. One of the key elements in creation of the capital （capital formation） is interest rate. In Islam interest is strictly forbidden. This paper reviews the concept of capital and the process of capital formation both before and after industrial revelation. In that context it also looks at the function of interest rate during the time of Prophet Mohammed and the present time.

Piketty’s Capital-Income Theory Reconsidered for a Small Open Economy with Increasing Savings Rate

Since Piketty offered a new view of capital/income ratio, numerous attempts have been made to examine the relationship between return on capital, economic growth and the capital/income ratio. This paper attempts to shed new light on this field. More precisely, following recent literatures that pay attention to dynamics of external balance sheets of countries, we examine if Piketty’s results for large countries are robust for a country that takes the world rate of return on capital as given and whose savings rate increases gradually from negative value. It is revealed that for such a country, (1) Kuznets curve is drawn and (2) capital/income ratio decreases in accordance with a rise in savings rate and return on capital.

Aggregate Capital Tied-up by Investment Projects——The Possibility of a Simple Estimation

The aggregate capital needs are a new business economics category which provides a new aspect to evaluate investment projects.The literature does not deal with this category as the project‘s total financial resource requirement.It is the total capital tied-up for the project in its lifetime.For calculation of it,the yearly capital tie-ups are being added together.Based on this,it can be examined the total capital amount,which results in a given net present value,or the total capital amount,which operates according to the given rate of profitability.The paper interprets the category,presents its relationship with the interest rate,and also presents the method of calculation based on model editing.In the case of the internal rate of return,the estimation may be greatly simplified.Instead of determining the yearly amounts and summation of these,the estimation can be carried out also with a simple division of two data.The paper demonstrates the possibility of simplification and shows an example to present the interrelations of data.

Capital Structure and Natural Rate of Unemployment： An Empirical analysis

The model based on Marxism economics such as capital structure ,capital deposit and capital cycles measure directly natural rate of the unemployment. The natural rate of unemployment is decided by the capital per worker, capital structure and average wage. According to the model the natural rate of the unemployment is empirical from 1991 to 2009.the result shows that the ascendant trend is very obvious. At last, according to the model, adjusting economic structure and regulating income distribution can reduce natural rate of unemployment.

Experimental Study of Buffer Gas Flow Rate Effect on Output Power of a Copper Vapor Laser

A copper vapor laser with active medium length of 60 cm and bore of 16 mm has been operated and optimized using different buffer gases to investigate the effect of the gas flow rates on the output power. It is found that there is a special optimum gas flow rate associated with the type of buffer gas.

Estimation of ammonia nitrogen load from nonpoint sources in the Xitiao River catchment, China

Ammonia nitrogen (NH4+-N) is one of the three main forms of total nitrogen (TN). Most studies have estimated the load of TN from nonpoint sources instead of one specific form. The relationship between land use and concentrations of NH4+-N in runoff was analyzed using the hydraulic analysis functions of a Geographic Information Systems (GIS), and the annual loads of NH4+-N in the Xitiao River catchment were estimated according to model results. The results suggested that the calculated annual loads of NH4+-N...

Sport specificity background affects the principal component structure of vertical squat jump performance of young adult female athletes

Purpose： Long-term training specificity is thought to alter performance in tests evaluating strength and power production capability. The aim of the present study was to provide additional information to the limited existing knowledge concerning the possible differences of the force/time profile of squat jumping among different groups of young female athletes. Methods： One hundred and seventy-three adult women （20.1 ± 2.8 years, 1.71 ± 0.09 m, 65.6 ± 10.3 kg, mean± SD for age, height, and mass, respectively） engaged in track and field （TF）, volleyball （VO）, handball （HA）, basketball （BA）, and physical education students （PE） executed maximal squat jumps （SQJ） on a force plate. Pearson＇s correlation was used to identify the relationship between SQJ performance, the anthropometric characteristics and the biomechanical parameters. Differences concerning the biomechanical parameters among groups were investigated with analysis of variance, while the force- （FPD） or time- （TPD） dependency of SQJ execution was examined using principal components analysis （PCA）. Results： SQJ was unrelated to body height but significantly correlated with body mass （r = -0.26, p = 0.001）. TF jumped higher and produced larger peak body power output compared to all the other groups （p 〈 0.05）. All athletes were superior to PE since they performed the SQJ with a longer （p 〈 0.05） vertical body center of mass trajectory during the propulsion phase. PCA results revealed that TF significantly differentiated than the other groups by relying on FPD. Conclusion： Various different profiles of FPD and TPD were detected due to different sporting background in young female athletes. Since TF superiority in SQJ was relied on the larger power production and a greater FPD, female indoor team sport athletes are suggested to execute jumping exercises adopting the jumping strategies utilized by TE

Capital Account Openness,Exchange Rate Volatility and Economic Growth:International Experiences and Implications

Based on the Barro classical growth model, this paper introduces capital account openness and exchange rate volatility to conduct an empirical analysis using the panel data of 182 countries(regions) during 1970-2013 to examine the combined effects of capital account openness and exchange rate risks on economic growth. Our findings are as follows:(1) Without considering exchange rate volatility, capital account openness is subject to a threshold effect, i.e. capital account openness significantly promotes the economic growth of middle-and high-income countries but exerts the opposite effect on low-income countries; and(2) after exchange rate volatility is taken into account, the growth effect of capital account openness is reduced and the greater the exchange rate volatility is, the smaller the marginal effect of capital account openness will be; sample-specific results also proved the existence of the threshold effect. This paper offers the following implications:(1) The effect of capital account openness can be better examined based on risk factors;(2) moderately controlling exchange rate volatility is conducive to acquiring greater benefits from capital account openness; and(3) the threshold effect of capital account openness cannot be overlooked.

FORECAST OF CHINA'S GRAINPRODUCTION DEVELOPMENT AND ITSSELF-SUPPORT RATE ANALYSIS

This far stern difficulhes and challenges fatal by the dev ofadn P in etna. to the bac national snon of China and the of and min the world market, China must meet the and Inainly by her own production. Using the input output and system edence metal, this makesa foast abbot China’s glain output, grain and allsupport rate in the year 2030.

The Analysis and Modification of Opportunity Cost of Investment

We think we should use basic return rate of industry to measure the opportunity cost of capital and use the rule of Maximum NPV （Net Present Value） to modify the wrong solution in the book.

Effort Levels of Capital-constrained Retailer under Bank Financing

In a supply chain with a retailer confronted with financial constraints,impacts on profits of the supply chain can be alleviated by increasing the retailer's efforts and market demand through external financing( bank). If the cost of bank lending is not very high,the capitalconstrained retailer can borrow money and make efforts. The reduction of bank interest rates,however,increases the retailer's efforts. We prove that there is a unique equilibrium point between the retailers. We find out the optimal interest rate of the bank and the optimal efforts by the retailer through numerical analysis and verify validity of the results.

Performance Analysis of an Energy System in the Tropical Rainforest: A Thermo-Economic Approach

This paper presents the thermos-economic evaluation of a simple gas turbine (SGT) within the Niger Delta, Nigeria. Steady-state monitoring and direct collection of data from the 25 MW plant were performed including logged data for a 12 months period. MATLAB software was used to model the various thermodynamic performance equations of the plants while net present value (NPV), internal rate of return (IRR), and Payback period (PBP) were used to model the economic concept of the plant performance. The thermodynamic analysis shows that for every 1℃ rise in the ambient temperature, the percentage power drop increases by 2.07%, thermal efficiency drops by 0.66%, and the specific fuel consumption increases by 0.93%. For every 1% drop in the power output, the percentage thermal efficiency drops by 0.79% for the given consideration. The economic analysis based on the performance reveals that the power shortages represent about 47.9% of the net power generated and the revenue worth of $4198741.60 is lost due to the inability of the plant to perform at its design point. The NPV value of $6434899.97 shows that the plant investment is viable for the period of twenty years of operation and the IRR on investment is determined to be 12.40% by a numerical approximation for the period, with a PBP of 8.5 years. This provides technical and economic details to plant operators and energy systems investors for decision making.