Economic clusters have been a central focus of current urban and regional research, policies and practices. However, a methodology to identify and analyze policy-relevant economic cluster dynamics is still not well de...Economic clusters have been a central focus of current urban and regional research, policies and practices. However, a methodology to identify and analyze policy-relevant economic cluster dynamics is still not well developed. Based on input-output(I-O) data of 1987, 1992, 1997, 2002 and 2007 of Beijing, this article presents an adapted principle component analysis for identifying the evolution of local economic cluster patterns. This research addresses the changes of economic interaction of industries with complementary and common activities over time. The identified clusters provide an insight into the reality of economic development in a diversifying urban economy: the increasing importance of services and the growing interaction between service and manufacturing industries. Our method therefore provides the analysts with a better understanding of the emergence, disappearance and development of economic clusters citywide. The results could be used to assist monitoring urban economic development and designing more practical urban economic strategies.展开更多
There is an extensive branch of literature that examines the success of Altman＇s Z-score in predicting bankruptcy or financial distress. The goal of this research paper is to investigate the stock price performance o...There is an extensive branch of literature that examines the success of Altman＇s Z-score in predicting bankruptcy or financial distress. The goal of this research paper is to investigate the stock price performance of firms that exhibit a large probability of bankruptcy according to the model of Airman. Regardless of the validity of Airman＇s Z-score, we utilize a new empirical design that relates stock price movements to Altman＇s Z-score. We focus and examine, through the methodology of panel data, whether stocks that have a high probability of bankruptcy underperform stocks with a low probability of bankruptcy or if there are differences in the way the markets react to the financial health of the sample firms.展开更多
In this paper, a theoretical and numerical study on the impact of a rubber solid on the free surface of a granular plate is presented, showing a simulation of an aircraft wheel on impact with a flexible landing surfac...In this paper, a theoretical and numerical study on the impact of a rubber solid on the free surface of a granular plate is presented, showing a simulation of an aircraft wheel on impact with a flexible landing surface. This physical action, when we use a theological approach, becomes a fundamental parameter to investigate wear and tear, and consequently strength to micro and macro pavements failure. The study has developed initially from a microscopic point of view and subsequently on macroscale. The effects are strictly linked with material degradation associated with damage evolution. The problem is developed by energetic approach on an elastic-plastic element using the functional energy containing two contributions, bulk and surface. The model simulates the behaviour of flexible runway pavements during the landing phase.展开更多
基金Under the auspices of National Natural Science Foundation of China(No.41371008)
文摘Economic clusters have been a central focus of current urban and regional research, policies and practices. However, a methodology to identify and analyze policy-relevant economic cluster dynamics is still not well developed. Based on input-output(I-O) data of 1987, 1992, 1997, 2002 and 2007 of Beijing, this article presents an adapted principle component analysis for identifying the evolution of local economic cluster patterns. This research addresses the changes of economic interaction of industries with complementary and common activities over time. The identified clusters provide an insight into the reality of economic development in a diversifying urban economy: the increasing importance of services and the growing interaction between service and manufacturing industries. Our method therefore provides the analysts with a better understanding of the emergence, disappearance and development of economic clusters citywide. The results could be used to assist monitoring urban economic development and designing more practical urban economic strategies.
文摘There is an extensive branch of literature that examines the success of Altman＇s Z-score in predicting bankruptcy or financial distress. The goal of this research paper is to investigate the stock price performance of firms that exhibit a large probability of bankruptcy according to the model of Airman. Regardless of the validity of Airman＇s Z-score, we utilize a new empirical design that relates stock price movements to Altman＇s Z-score. We focus and examine, through the methodology of panel data, whether stocks that have a high probability of bankruptcy underperform stocks with a low probability of bankruptcy or if there are differences in the way the markets react to the financial health of the sample firms.
文摘In this paper, a theoretical and numerical study on the impact of a rubber solid on the free surface of a granular plate is presented, showing a simulation of an aircraft wheel on impact with a flexible landing surface. This physical action, when we use a theological approach, becomes a fundamental parameter to investigate wear and tear, and consequently strength to micro and macro pavements failure. The study has developed initially from a microscopic point of view and subsequently on macroscale. The effects are strictly linked with material degradation associated with damage evolution. The problem is developed by energetic approach on an elastic-plastic element using the functional energy containing two contributions, bulk and surface. The model simulates the behaviour of flexible runway pavements during the landing phase.
