Combining the 3/2 power law proposed by Toba with the significant wave energy balance equation for wind waves, wave growth in deep water for short fetch is investigated. It is found that the variations of wave height ...Combining the 3/2 power law proposed by Toba with the significant wave energy balance equation for wind waves, wave growth in deep water for short fetch is investigated. It is found that the variations of wave height and period with fetch have the form of power function with fractional exponents 3/8 and 1/4 respectively. Using these exponents in the power functions and through data fitting, the concise wind wave growth relations for short fetch are obtained.展开更多
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 t...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.展开更多
基金supports from the Major State Basic Research Program(No.G1999043809)the National Natural Science Foundation(No.40076003)+1 种基金the EYTP of MOE(No.200139)support by Visiting Scholar Foundation of Key Lab.in the University.
文摘Combining the 3/2 power law proposed by Toba with the significant wave energy balance equation for wind waves, wave growth in deep water for short fetch is investigated. It is found that the variations of wave height and period with fetch have the form of power function with fractional exponents 3/8 and 1/4 respectively. Using these exponents in the power functions and through data fitting, the concise wind wave growth relations for short fetch are obtained.
基金Key Project of the Social Sciences Foundation of China(Grant No.15ZDA014)Foundation for High-level Talents in Higher Education of Guangdong(Pearl River Scholar 1414003)Doctoral Start-Up Project of the National Natural Science Foundation of Guangdong(2014A030310079)
文摘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.
