In 2010, the debate over valuation of the Renminbi is again heating up and the Chinese currency has returned to appreciating against the dollar But is the Renminbi undervalued? Drawing on the Balassa-Samuelson (B-S...In 2010, the debate over valuation of the Renminbi is again heating up and the Chinese currency has returned to appreciating against the dollar But is the Renminbi undervalued? Drawing on the Balassa-Samuelson (B-S) effect on purchasing power parity, we conduct theoretical and empirical analyses of this issue. Theoretical analysis proves that a country's real exchange rate will appreciate with rising income, but the currencies of low-income countries tend to be undervalued. In order to avoid biased conclusions resulting from a single dataset or sampling method, we draw on three major publicly-available datasets to examine the B-S effect across 144 economies. Our results indicate that the degree of Renminbi misvaluation is highly dependent on the data source. Synthesizing analyses of diverse datasets, we estimate that the Renminbi was only undervalued by less than 8per cent in 2009. We conclude that China's external imbalance most probably results from deep-seated structural imbalances rather than Renminbi undervaluation.展开更多
In order to maintain vibration performances within the limits of the design, a vibration-based feature extraction method for dynamic characteristic using empirical mode decomposition (EMD) and wavelet analysis was p...In order to maintain vibration performances within the limits of the design, a vibration-based feature extraction method for dynamic characteristic using empirical mode decomposition (EMD) and wavelet analysis was proposed. The proposed method was verified experimentally and numerically by implementing the scheme on engine block. In the implementation process, the following steps were identified to be important: 1) EMD technique in order to solve the feature extraction of vibration signals; 2) Vibration measurement for the purpose of confirming the structural weak regions of engine block in experiment; 3) Finite element modeling for the purpose of determining dynamic characteristic in time region and frequency region to affirm the comparability of response character corresponding to improvement schemes; 4) Adopting a feature index oflMF for structural improvement based on EMD and wavelet analysis. The obtained results show that IMF of signal is more sensitive to response character corresponding to improvement schemes. Finally, examination of the results confirms that the proposed vibration-based feature extraction method is very robust, and focuses on the relative merits of modification and full-scale structural optimization of engine, together with the creation of new low-vibration designs.展开更多
With more and more researches about improving BP algorithm, there are more improvement methods. The paper researches two improvement algorithms based on quasi-Newton method, DFP algorithm and L-BFGS algorithm. After f...With more and more researches about improving BP algorithm, there are more improvement methods. The paper researches two improvement algorithms based on quasi-Newton method, DFP algorithm and L-BFGS algorithm. After fully analyzing the features of quasi- Newton methods, the paper improves BP neural network algorithm. And the adjustment is made for the problems in the improvement process. The paper makes empirical analysis and proves the effectiveness of BP neural network algorithm based on quasi-Newton method. The improved algorithms are compared with the traditional BP algorithm, which indicates that the imoroved BP algorithm is better.展开更多
This paper aimed to highlight the effects of conflict in Mongolia on trade policy and openness, by estimating the trade flows with neighbor countries (China and Russia). Fourteen years' (2000-2013) data of Mongol...This paper aimed to highlight the effects of conflict in Mongolia on trade policy and openness, by estimating the trade flows with neighbor countries (China and Russia). Fourteen years' (2000-2013) data of Mongolian imports and exports were collected and gone through principal component analysis (PCA) and empirical analysis for grouping various trades with China and Russia. The empirical analysis identified the determining factors of Mongolian trade flow and openness with China and Russia. Empirical analysis evidenced that Mongolian trade and openness policy raised bilateral trade between China and Russia, leaving a great influence on economic size. Two main questions represented as empirically tested by each sample country. How did Mongolian trade policy and openness influence trade flows between China and Russia and economic growth of Mongolia? Did Mongolian trade policy and the bilateral trade with China and Russia increase on trade openness? Finally, the study focused on the forecasts from 2016 to 2018 to examine Mongolian trade flows with China and Russia using ordinary least squares method and autoregressive-moving-average (ARMA) model. China-Mongolia-Russia trade flows will continue to dominate during the forecasted period. As shown by the structure of export and import, goods with China and Russia influenced the mutual trade amount. Moreover, China and Russia traded to continue with Mongolia for goods in long run. Trade policy and openness, the major contributor in Mongolian economy, are significantly playing roles in trade and economy.展开更多
The strategic researches about vertical industry B2B E-commerce company are insufficient. The existing e-commerce strategic researches have many problems in practical application. Based on AHP and fuzzy evaluation, th...The strategic researches about vertical industry B2B E-commerce company are insufficient. The existing e-commerce strategic researches have many problems in practical application. Based on AHP and fuzzy evaluation, the paper studies strategic programming evaluation of vertical industry B2B E-commerce, establishes strategic ambiguity evaluation model of vertical industry B2B e-commerce company, selects the best strategic program from the altennative strategic programs, and makes empirical analysis. Lastly, based on summarizing the thesis, the paper proposes suggestions and prospection for the study in the future.展开更多
文摘In 2010, the debate over valuation of the Renminbi is again heating up and the Chinese currency has returned to appreciating against the dollar But is the Renminbi undervalued? Drawing on the Balassa-Samuelson (B-S) effect on purchasing power parity, we conduct theoretical and empirical analyses of this issue. Theoretical analysis proves that a country's real exchange rate will appreciate with rising income, but the currencies of low-income countries tend to be undervalued. In order to avoid biased conclusions resulting from a single dataset or sampling method, we draw on three major publicly-available datasets to examine the B-S effect across 144 economies. Our results indicate that the degree of Renminbi misvaluation is highly dependent on the data source. Synthesizing analyses of diverse datasets, we estimate that the Renminbi was only undervalued by less than 8per cent in 2009. We conclude that China's external imbalance most probably results from deep-seated structural imbalances rather than Renminbi undervaluation.
基金Project(50975192) supported by the National Natural Science Foundation of ChinaProject(10YFJZJC14100) supported by Tianjin Municipal Natural Science Foundation of China
文摘In order to maintain vibration performances within the limits of the design, a vibration-based feature extraction method for dynamic characteristic using empirical mode decomposition (EMD) and wavelet analysis was proposed. The proposed method was verified experimentally and numerically by implementing the scheme on engine block. In the implementation process, the following steps were identified to be important: 1) EMD technique in order to solve the feature extraction of vibration signals; 2) Vibration measurement for the purpose of confirming the structural weak regions of engine block in experiment; 3) Finite element modeling for the purpose of determining dynamic characteristic in time region and frequency region to affirm the comparability of response character corresponding to improvement schemes; 4) Adopting a feature index oflMF for structural improvement based on EMD and wavelet analysis. The obtained results show that IMF of signal is more sensitive to response character corresponding to improvement schemes. Finally, examination of the results confirms that the proposed vibration-based feature extraction method is very robust, and focuses on the relative merits of modification and full-scale structural optimization of engine, together with the creation of new low-vibration designs.
文摘With more and more researches about improving BP algorithm, there are more improvement methods. The paper researches two improvement algorithms based on quasi-Newton method, DFP algorithm and L-BFGS algorithm. After fully analyzing the features of quasi- Newton methods, the paper improves BP neural network algorithm. And the adjustment is made for the problems in the improvement process. The paper makes empirical analysis and proves the effectiveness of BP neural network algorithm based on quasi-Newton method. The improved algorithms are compared with the traditional BP algorithm, which indicates that the imoroved BP algorithm is better.
文摘This paper aimed to highlight the effects of conflict in Mongolia on trade policy and openness, by estimating the trade flows with neighbor countries (China and Russia). Fourteen years' (2000-2013) data of Mongolian imports and exports were collected and gone through principal component analysis (PCA) and empirical analysis for grouping various trades with China and Russia. The empirical analysis identified the determining factors of Mongolian trade flow and openness with China and Russia. Empirical analysis evidenced that Mongolian trade and openness policy raised bilateral trade between China and Russia, leaving a great influence on economic size. Two main questions represented as empirically tested by each sample country. How did Mongolian trade policy and openness influence trade flows between China and Russia and economic growth of Mongolia? Did Mongolian trade policy and the bilateral trade with China and Russia increase on trade openness? Finally, the study focused on the forecasts from 2016 to 2018 to examine Mongolian trade flows with China and Russia using ordinary least squares method and autoregressive-moving-average (ARMA) model. China-Mongolia-Russia trade flows will continue to dominate during the forecasted period. As shown by the structure of export and import, goods with China and Russia influenced the mutual trade amount. Moreover, China and Russia traded to continue with Mongolia for goods in long run. Trade policy and openness, the major contributor in Mongolian economy, are significantly playing roles in trade and economy.
文摘The strategic researches about vertical industry B2B E-commerce company are insufficient. The existing e-commerce strategic researches have many problems in practical application. Based on AHP and fuzzy evaluation, the paper studies strategic programming evaluation of vertical industry B2B E-commerce, establishes strategic ambiguity evaluation model of vertical industry B2B e-commerce company, selects the best strategic program from the altennative strategic programs, and makes empirical analysis. Lastly, based on summarizing the thesis, the paper proposes suggestions and prospection for the study in the future.