Stock market and macroeconomic variables:new evidence from India

Understanding the relationship between macroeconomic variables and the stock market is important because macroeconomic variables have a systematic effect on stock market returns.This study uses monthly data from India for the period from April 1994 to July 2018 to examine the long-run relationship between the stock market and macroeconomic variables.The empirical findings suggest that standard cointegration tests fail to identify any relationship among these variables.However,a transformation that extracts the actual functional relationship between these variables using the alternating conditional expectations algorithm of(J Am Stat Assoc 80:580–598,1985)identifies strong evidence of cointegration and indicates nonlinearity in the long-run relationship.Further,the continuous partial wavelet coherency model identifies strong coherency at a lower frequency for the transformed variables,establishing the fact that the long-run relationship between stock prices and macroeconomic variables in India is nonlinear and time-varying.This evidence has far-reaching implications for understanding the dynamic relationships between the stock market and macroeconomic variables.

Energy-Efficient Transceiver Design for Multi-Pair Two-Way Relay Systems

In this paper, we focus on energy-efficient transceiver and relay beamforming design for multi-pair two-way relay system. The multi-antenna users and the multi-antenna relay are considered in this work. Different from the existing works, the proposed algorithm is energy-efficient which is more applicable to the future green network. It considers both the sum-MSE problem and the power consumption problem for the users under the relay power constraint. Based on the optimal condition decomposition(OCD) method, the energy-efficient precoders at the users can be designed separately with limited information exchanged. The proposed relay beamforming algorithm is based on the alternative direction method of multipliers(ADMM) which has simpler iterative solution and enjoys good convergence. Simulation results demonstrate the performance of the proposed algorithms in terms of power consumption and MSE performance.

An analysis method of injection and production dynamic transient flow in a gas field storage facility

A dynamic transient flow analysis method considering complex factors such as the cyclic injection and production history in a gas field storage facility was established in view of the limitations of the existing methods for transient flow analysis and the characteristics of the injection-production operation of strongly heterogeneous gas reservoirs, and the corresponding theoretical charts were drawn. In addition, an injection-production dynamic transient flow analysis model named "three points and two stages" suitable for an underground gas storage(UGS) well with alternate working conditions was proposed. The "three points" refer to three time points during cyclic injection and production, namely, the starting point of gas injection for UGS construction, the beginning and ending points of the injection-production analysis stage;and the "two stages" refer to historical flow stage and injection-production analysis stage. The study shows that the dimensionless pseudo-pressure and dimensionless pseudo-pressure integral curves of UGS well flex downward in the early stage of the injection and production process, and the dimensionless pseudo-pressure integral derivative curve is convex during the gas production period and concave during the gas injection period, and the curves under different flow histories have atypical features. The new method present in this paper can analyze transient flow of UGS accurately. The application of this method to typical wells in Hutubi gas storage shows that the new method can fit the pressure history accurately, and obtain reliable parameters and results.

Corrosion Behavior of Weathering Test Steel for Bridge Under the Neutral Wet/Dry Alternate Condition

The corrosion behaviors of the high-performance weathering test steel for bridge and the reference (09CuPCrNi-A) were symmetrically studied under 3.5% NaCl neutral wet/dry alternate condition,revealing their dynamics line tendency of primary corrosion and the rusting flow in the simulative marine atmosphere environment.By observing the corrosion evolution of surface microstructures and composition by the scanning electronic microscope (SEM) and the energy dispersive spectrometer (EDS) at the different stages,the corrosion mechanism was further discussed in details.

Asphaltene precipitation modeling through ACE reaping of scaling equations

Precipitation and deposition of asphaltene have undesirable effects on the petroleum industry by increasing operational costs due to reduction of well productivity as well as catalyst poisoning.Herein we propose a reliable model for quantitative estimation of asphaltene precipitation.Scaling equation is the most powerful and popular model for accurate prediction of asphaltene precipitated out of solution in crudes without regard to complex nature of asphaltene.We employed a new mathematical-based approach known as alternating conditional expectation(ACE)technique for combining results of different scaling models in order to increase the accuracy of final estimation.Outputs of three well-known scaling equations,including Rassamdana(RE),Hu(HU),and Ashoori(AS),are input to ACE and the final output is produced through a nonlinear combination of scaling equations.The proposed methodology is capable of significantly increasing the precision of final estimation via a divide-andconquer principle in which ACE functions as the combiner.Results indicate the superiority of the proposed method compared with other individual scaling equation models.

On Boundary-Value Problems for the Laplacian in Bounded Domains with Micro Inhomogeneous Structure of the Boundaries

We consider boundary-value problems with rapidly alternating types of boundary conditions. We present the classification of homogenized （limit） problems depending on the ratio of small parameters, which characterize the diameter of parts of the boundary with different types of boundary conditions. Also we study the respective spectral problem of this type.