SHOCKS AND FRICTIONS IN THAI ECONOMY: THROUGH THE LENS OF BUSINESS CYCLE ACCOUNTING

2020 ◽  
pp. 1-15
Author(s):  
VIMUT VANITCHAREARNTHUM
Keyword(s):  
Business Cycle ◽  
Open Economy ◽  
Prime Factor ◽  
Aggregate Fluctuations ◽  
Aggregate Output ◽  
Business Cycle Accounting ◽  
Labor Wedge ◽  
Model Set ◽  
Set Up ◽  
Investment Fluctuation

This paper applies business cycle accounting methodology to analyze the sources of aggregate fluctuations in Thai economy, especially during the recent severe recessions in 1997–1998 and 2008–2009. This exploration helps researchers uncover possible shocks and frictions that drive business cycle in a small and open economy within a minimal model set-up. Under this methodology, a fluctuation in aggregate output can be accounted for by exogenous time-varying wedges, namely efficiency wedge, investment wedge, labor wedge, government wedge, etc. This study found that the efficiency wedge is essential in accounting for aggregate output, consumption and investment fluctuation, while the bond wedge, which only present in an open economy setting, is a prime factor in accounting for movement in current accounts. I conducted counterfactual experiments to see what accounts for the output drop during recent recessions. I find that the efficiency wedge played a key role in recent recessions in Thailand, while the investment wedge was accounted for slow economic recovery after the recessions.

Business cycle accounting of trade barriers in a small open economy

2019 ◽  
Vol 71 ◽  
pp. 67-78
Author(s):  
Seyed Ali Madanizadeh ◽  
Ali Karimirad ◽  
Mohammad H. Rahmati
Keyword(s):  
Business Cycle ◽  
Open Economy ◽  
Small Open Economy ◽  
Trade Barriers ◽  
Business Cycle Accounting

Environmental model studies for the Istanbul master plan. Part I: hydrodynamical design basis and marine disposal of wastewater

1995 ◽  
Vol 32 (2) ◽  
pp. 141-148 ◽  
Author(s):  
I. S. Hansen ◽  
H. J. Vested ◽  
M. A. Latif
Keyword(s):  
Black Sea ◽  
Layer Structure ◽  
The Black Sea ◽  
Marmara Sea ◽  
Junction Area ◽  
3 Dimensional ◽  
Model Studies ◽  
Model Set ◽  
Characteristic Features ◽  
Set Up

A modelling study of the hydrodynamics and spreading of wastewater from existing and future outfalls in the Bosphorus region has been conducted applying a 3-Dimensional model. The modelling is based on SYSTEM 3, which is a general modelling system for baroclinic flow simulating unsteady currents, waterlevels, salinity and temperature within the model area. The model set-up covers the Black Sea-Bosphorus-Marmara Sea junction area. The set-up is calibrated by data from a dedicated field program and previous field experience. The model is designed to describe the characteristic features of the flow in the junction area such as the effects of variations in waterlevel differences between the Sea of Marmara and the Black Sea on the important two-layer structure in the strait and the flow fields generated by the upper layer jet in the Bosphorus-Marmara junction. This model has been applied for evaluation of disposal of wastewater and for the subsequent water quality studies. The general use of a baroclinic 3-D hydrodynamic model to simulate disposal of wastewater is discussed. Examples of the application of the model of the junction area to evaluate the different strategies for disposal of wastewater are presented.

Modelling of impregnation of γ-alumina with cobalt and molybdenum salts. CoCl2-(NH4)2MoO4-γ-Al2O3 (aluminate type) system

1987 ◽  
Vol 52 (3) ◽  
pp. 663-671 ◽  
Author(s):  
Jiří Hanika ◽  
Vladimír Janoušek ◽  
Karel Sporka
Keyword(s):  
Effective Diffusion ◽  
Type System ◽  
Catalyst Particle ◽  
Ammonium Molybdate ◽  
Active Components ◽  
Model Set ◽  
Cobalt Dichloride ◽  
Set Up ◽  
Electron Microanalysis ◽  
Kinetics Of

Adsorption data for the impregnation of alumina with an aqueous solution of cobalt dichloride and ammonium molybdate were treated in terms of the Langmuir adsorption isotherm and compared with a mathematical model set up to describe the kinetics of simultaneous impregnation of a support by two components. The effective diffusion coefficients of the two components at 25 °C in a cylindrical particle of alumina were obtained. The validity of the model used was verified qualitatively by comparing the numerical results with the experimental time dependent concentration profiles of the active components in a catalyst particle, measured by electron microanalysis technique.

scholarly journals Using CFD to Evaluate Natural Ventilation through a 3D Parametric Modeling Approach

Energies ◽  
2021 ◽  
Vol 14 (8) ◽  
pp. 2197
Author(s):  
Nayara Rodrigues Marques Sakiyama ◽  
Jurgen Frick ◽  
Timea Bejat ◽  
Harald Garrecht
Keyword(s):  
Natural Ventilation ◽  
Parametric Modeling ◽  
Cfd Simulations ◽  
3D Design ◽  
Post Process ◽  
Test House ◽  
Model Set ◽  
Computational Fluid Dynamics Cfd ◽  
Set Up ◽  
Passive Strategy

Predicting building air change rates is a challenge for designers seeking to deal with natural ventilation, a more and more popular passive strategy. Among the methods available for this task, computational fluid dynamics (CFD) appears the most compelling, in ascending use. However, CFD simulations require a range of settings and skills that inhibit its wide application. With the primary goal of providing a pragmatic CFD application to promote wind-driven ventilation assessments at the design phase, this paper presents a study that investigates natural ventilation integrating 3D parametric modeling and CFD. From pre- to post-processing, the workflow addresses all simulation steps: geometry and weather definition, including incident wind directions, a model set up, control, results’ edition, and visualization. Both indoor air velocities and air change rates (ACH) were calculated within the procedure, which used a test house and air measurements as a reference. The study explores alternatives in the 3D design platform’s frame to display and compute ACH and parametrically generate surfaces where air velocities are computed. The paper also discusses the effectiveness of the reference building’s natural ventilation by analyzing the CFD outputs. The proposed approach assists the practical use of CFD by designers, providing detailed information about the numerical model, as well as enabling the means to generate the cases, visualize, and post-process the results.

Human lung cancer explants model: Set up of a predictive model for treatment

2019 ◽  
Vol 110 ◽  
pp. S28
Author(s):  
B.M.A. Lenoir ◽  
D.S. Ferber ◽  
F. Eichhorn ◽  
M. Eichhorn ◽  
I. Zörnig ◽  
...  
Keyword(s):  
Lung Cancer ◽  
Predictive Model ◽  
Human Lung ◽  
Human Lung Cancer ◽  
Model Set ◽  
Set Up

scholarly journals Projections of runoff in the Vistula and the Odra river basins with the help of the SWAT model

2017 ◽  
Vol 49 (2) ◽  
pp. 303-317 ◽  
Author(s):  
Mikołaj Piniewski ◽  
Mateusz Szcześniak ◽  
Shaochun Huang ◽  
Zbigniew W. Kundzewicz
Keyword(s):  
Assessment Tool ◽  
Statistical Significance ◽  
Swat Model ◽  
Climate Change Impacts ◽  
Odra River ◽  
Assess Climate Change ◽  
Rcp 8.5 ◽  
Model Set ◽  
Seasonal Runoff ◽  
Set Up

Abstract The objective of this paper is to assess climate change impacts on spatiotemporal changes in annual and seasonal runoff and its components in the basins of two large European rivers, the Vistula and the Odra, for future horizons. This study makes use of the Soil and Water Assessment Tool (SWAT) model, set up at high resolution, and driven by a multi-model ensemble (MME) of nine bias-corrected EURO-CORDEX simulations under two representative concentration pathways (RCPs), 4.5 and 8.5. This paper presents a wealth of illustrative material referring to the annual and seasonal runoff (R) in the reference period as well as projections for the future (MME mean change), with explicit illustration of the multi-model spread based on the agreement between models and statistical significance of change according to each model. Annual R increases are dominating, regardless of RCP and future horizon. The magnitude of the MME mean of spatially averaged increase varies between 15.8% (RCP 4.5, near future) and 41.6% (RCP 8.5, far future). The seasonal patterns show the highest increase in winter and the lowest in spring, whereas the spatial patterns show the highest increase in the inner, lowland part, and the lowest in the southern mountainous part of the basin.

scholarly journals News-Driven Business Cycles: Insights and Challenges

2014 ◽  
Vol 52 (4) ◽  
pp. 993-1074 ◽  
Author(s):  
Paul Beaudry ◽  
Franck Portier
Keyword(s):  
Business Cycles ◽  
Business Cycle ◽  
Empirical Evidence ◽  
Economic Fluctuations ◽  
Aggregate Fluctuations ◽  
Business Cycle Fluctuations ◽  
Widespread Belief ◽  
Way Of Thinking ◽  
The Many

There is a widespread belief that changes in expectations may be an important independent driver of economic fluctuations. The news view of business cycles offers a formalization of this perspective. In this paper we discuss mechanisms by which changes in agents' information, due to the arrival of news, can cause business cycle fluctuations driven by expectational change, and we review the empirical evidence aimed at evaluating their relevance. In particular, we highlight how the literature on news and business cycles offers a coherent way of thinking about aggregate fluctuations, while at the same time we emphasize the many challenges that must be addressed before a proper assessment of the role of news in business cycles can be established. (JEL D83, D84, E13, E32, O33)

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