scholarly journals Land and Stock Prices in Japan

1993 ◽  
Vol 7 (3) ◽  
pp. 149-165 ◽  
Author(s):  
Douglas Stone ◽  
William T Ziemba
Keyword(s):  
Government Policy ◽  
Stock Prices ◽  
Fundamental Problem ◽  
Credit Market ◽  
The Other ◽  
Land Markets ◽  
Factors Affecting ◽  
Land Prices ◽  
The Past ◽  
Dramatic Decline

This paper discusses the rise of Japanese stock and land prices in the past four decades and their dramatic decline in the early 1990s. To what extent can fundamental factors explain both the price levels and the returns from land and stock in Japan? Are land prices driving stock prices, or the other way around, or are still other factors affecting both? How has government policy interacted with the price changes? In practice, it is very difficult to solve the problem of separating the explanation that a bubble occurred from the possibility that the underlying fundamental problem is misspecified. We believe that the bulk of the rise in Japanese asset prices from 1985–89 and the decline during 1990–92 was driven by interest rate and credit market conditions. However, in certain speculative land markets, there is some evidence in support of the bubble hypothesis.

Equity in bonus distribution

1947 ◽  
Vol 73 (1) ◽  
pp. 37-65
Author(s):  
T. R. Suttie
Keyword(s):  
General Problem ◽  
The Other ◽  
Factors Affecting ◽  
The Past

In the paper which I submitted to the Institute on 28 April 1944 I discussed the most equitable method of treating appreciation or depreciation in the assets of an office distributing its surplus by means of a uniform reversionary bonus. I believe that the conclusions reached were correct within the limits set, but consideration of the discussion convinced me that these limits were too narrow, since they involved the treatment of the problem of appreciation or depreciation without reference to the other factors affecting equity in bonus distribution and excluded any solution based on the use of a system of distribution of profits other than a uniform reversionary bonus. I felt that the methods used in the paper might produce results of interest if applied to the general problem of securing equity when the conditions experienced differ from those assumed in calculating the premiums, and I was encouraged to proceed on these lines by the suggestion made by Mr H. E. Melville, speaking as Presidenti that the time was suitable for such an inquiry in view of the exceptionally wide fluctuations in the experience rates of interest over the past thirty years.

scholarly journals FUNDAMENTAL AND TECHNICAL ANALYSIS OF THE STOCK PRICE

2019 ◽  
Vol 1 (1) ◽  
Author(s):  
Denis Spahija ◽  
Seadin Xhaferi
Keyword(s):  
Stock Market ◽  
Stock Prices ◽  
Stock Price ◽  
Stock Exchange ◽  
Stock Exchanges ◽  
Full Time ◽  
Equal Opportunities ◽  
Factors Affecting ◽  
The Past ◽  
Real Value

Trading with stocks in developed market conditions for some is fun, for others it is a way to preserve the real value of the asset, while for the most is a challenge to gain bigger profits quickly and easily. Dreams on stock market alchemy rely on the development and upgrading of special systems whose ultimate goal is to uncover stock price secrets and their changes. What are the chances of this happening? Chances are minimal, according to experiences from the world’s leading stock exchanges in the past. The stock market complexity, the number and unpredictability of factors affecting stock prices and unexpected changes or stability do not give much hope to those who know what’s going to happen in the future. In such endeavors there are equal opportunities for both stock exchange experts and full-time amateurs. For all this, if the stock market cannot be defeated or deceived, then it is better to join it. So this means: to create a diversified portfolio of securities that provides a safe income, slightly higher than annual inflation, minimizing the risk.

scholarly journals Changes in Mortality in Pakistan 1960-88

1991 ◽  
Vol 30 (4II) ◽  
pp. 669-679 ◽  
Author(s):  
Zeba A. Sathar
Keyword(s):  
Sri Lanka ◽  
Population Growth ◽  
Child Mortality ◽  
Government Policy ◽  
Growth Rates ◽  
Fertility Decline ◽  
The Other ◽  
High Fertility ◽  
Population Growth Rates ◽  
The Past

The relatively high levels of mortality in Pakistan compared to the rest of the Asian region, particularly countries like Sri Lanka and China, have kept population growth rates in check. However, on the other hand, persistently high levels of infant-child mortality are more than often argued to be a strong factor working against a fertility decline in Pakistan. It is without doubt that bringing about further mortality declines is most definitely desirable and government policy has addressed this issue. However, the major thrust of official effort in the past few decades has been towards the curtailment of high fertility levels.

scholarly journals The Effects of Railway Investments in a Polycentric City: A Comparison of Competitive and Segmented Land Markets

2007 ◽  
Vol 39 (9) ◽  
pp. 2048-2067 ◽  
Author(s):  
Ghebreegziabiher Debrezion ◽  
Eric Pels ◽  
Piet Rietveld
Keyword(s):  
Land Use ◽  
The Other ◽  
City Size ◽  
Land Market ◽  
Land Markets ◽  
Fast Mode ◽  
Residential Areas ◽  
Land Prices ◽  
Land Rents ◽  
Mode Of Transport

The paper analyzes the effect of railway investment on land prices and land use in a polycentric city under various regulatory regimes of land markets. The introduction of a fast mode of transport (train), accessible in discrete locations, leads to an increase in city size. The stations of the fast mode induce dense residential settlements in their vicinity. As a result, the average residential and commercial land rents increase in both competitive and segmented land-market situations, compared with the unimodal transport case. When rail investments serve only one particular centre, this leads to the growth of the advantaged centre at the expense of the other centre. An investment in the fast mode results in city growth and an increase in rent receipts. However, the effect of the investment for individual centres and their corresponding residential areas depends on the underlying land-market conditions. Restrictions on commercial land use lead to increases in commercial rents, but this is more than offset by the decrease in residential land rents.

Optimum sampling levels in discard sampling programs

2004 ◽  
Vol 61 (10) ◽  
pp. 1918-1928 ◽  
Author(s):  
Lisa Borges ◽  
Alain F Zuur ◽  
Emer Rogan ◽  
Rick Officer
Keyword(s):  
Considerable Increase ◽  
The Other ◽  
Fishing Ground ◽  
Financial Cost ◽  
Factors Affecting ◽  
International Council ◽  
The Past ◽  
Optimum Sampling ◽  
Main Factors ◽  
Trawl Fisheries

This paper presents optimum sampling levels in discard sampling programs considering cost and precision objectives simultaneously and explores their dependence on both variables. The analysis is based on the Irish discard program: an onboard-observer voluntary sampling scheme aimed at estimating discard rates in trawl fisheries. Multistage analysis was performed to establish the precision levels achieved in the past, and a cost function was determined to estimate the financial cost of the program. Gear, fishing ground, targeted species, and International Council for the Exploration of the Sea (ICES) divisions were the main factors affecting discarding, together with random effects of the three nested groups considered: haul, trip, and vessel. Reductions in the present budget will imply only marginal decreases in precision, although changes in cost variables can have an impact on sampling levels. On the other hand, increasing the target precision by one-half will imply a considerable increase in sampling and associated cost, which will be difficult if not impossible to achieve. Finally, the analysis by fleet components suggests a marked increase in sampling levels, which emphasizes the importance of clearly stated discard sampling objectives.

Immunoferritin localization of intracellular antigens in positively stained frozen sections

1978 ◽  
Vol 36 (2) ◽  
pp. 168-169
Author(s):  
K. T. Tokuyasu
Keyword(s):  
Surface Tension ◽  
Water Surface ◽  
Thin Layers ◽  
The Other ◽  
Positive Staining ◽  
Frozen Sections ◽  
The Past ◽  
Ultrathin Frozen Sections ◽  
Definition Of

During the past investigations of immunoferritin localization of intracellular antigens in ultrathin frozen sections, we found that the degree of negative staining required to delineate u1trastructural details was often too dense for the recognition of ferritin particles. The quality of positive staining of ultrathin frozen sections, on the other hand, has generally been far inferior to that attainable in conventional plastic embedded sections, particularly in the definition of membranes. As we discussed before, a main cause of this difficulty seemed to be the vulnerability of frozen sections to the damaging effects of air-water surface tension at the time of drying of the sections.Indeed, we found that the quality of positive staining is greatly improved when positively stained frozen sections are protected against the effects of surface tension by embedding them in thin layers of mechanically stable materials at the time of drying (unpublished).

Applications of Through-Focus Dark Field Image Shifts to Phase Identification

1975 ◽  
Vol 33 ◽  
pp. 178-179
Author(s):  
Prakash Rao
Keyword(s):  
Dark Field Image ◽  
Thin Foil ◽  
Dark Field ◽  
The Other ◽  
Stereo Image ◽  
Phase Identification ◽  
The Past ◽  
Field Electron Microscopy ◽  
Dark Field Electron ◽  
Recent Extension

Image shifts in out-of-focus dark field images have been used in the past to determine, for example, epitaxial relationships in thin films. A recent extension of the use of dark field image shifts has been to out-of-focus images in conjunction with stereoviewing to produce an artificial stereo image effect. The technique, called through-focus dark field electron microscopy or 2-1/2D microscopy, basically involves obtaining two beam-tilted dark field images such that one is slightly over-focus and the other slightly under-focus, followed by examination of the two images through a conventional stereoviewer. The elevation differences so produced are usually unrelated to object positions in the thin foil and no specimen tilting is required.In order to produce this artificial stereo effect for the purpose of phase separation and identification, it is first necessary to select a region of the diffraction pattern containing more than just one discrete spot, with the objective aperture.

An Empirical Investigation of Factors Affecting Stock Prices in Vietnam

2014 ◽  
pp. 74-89 ◽  
Author(s):  
Vinh Vo Xuan
Keyword(s):  
Exchange Rates ◽  
Crude Oil ◽  
Foreign Exchange ◽  
Stock Prices ◽  
Global Financial Crisis ◽  
Oil Prices ◽  
Foreign Exchange Rates ◽  
Factors Affecting ◽  
Crude Oil Prices ◽  
Before And After

This paper investigates factors affecting Vietnam’s stock prices including US stock prices, foreign exchange rates, gold prices and crude oil prices. Using the daily data from 2005 to 2012, the results indicate that Vietnam’s stock prices are influenced by crude oil prices. In addition, Vietnam’s stock prices are also affected significantly by US stock prices, and foreign exchange rates over the period before the 2008 Global Financial Crisis. There is evidence that Vietnam’s stock prices are highly correlated with US stock prices, foreign exchange rates and gold prices for the same period. Furthermore, Vietnam’s stock prices were cointegrated with US stock prices both before and after the crisis, and with foreign exchange rates, gold prices and crude oil prices only during and after the crisis.

‘Newness which never perishes’? Schoenberg’s ambivalent reception of Haydn

2010 ◽  
Vol 51 (1-2) ◽  
pp. 215-224
Author(s):  
Alexander Carpenter
Keyword(s):  
The Other ◽  
Major Influence ◽  
Musical Style ◽  
The Past ◽  
Other Hand ◽  
The Future ◽  
Music Tradition

This paper explores Arnold Schoenberg’s curious ambivalence towards Haydn. Schoenberg recognized Haydn as an important figure in the German serious music tradition, but never closely examined or clearly articulated Haydn’s influence and import on his own musical style and ethos, as he did with many other major composers. This paper argues that Schoenberg failed to explicitly recognize Haydn as a major influence because he saw Haydn as he saw himself, namely as a somewhat ungainly, paradoxical figure, with one foot in the past and one in the future. In his voluminous writings on music, Haydn is mentioned by Schoenberg far less frequently than Bach, Mozart, or Beethoven, and his music appears rarely as examples in Schoenberg’s theoretical texts. When Schoenberg does talk about Haydn’s music, he invokes — with tacit negativity — its accessibility, counterpoising it with more recondite music, such as Beethoven’s, or his own. On the other hand, Schoenberg also praises Haydn for his complex, irregular phrasing and harmonic exploration. Haydn thus appears in Schoenberg’s writings as a figure invested with ambivalence: a key member of the First Viennese triumvirate, but at the same time he is curiously phantasmal, and is accorded a peripheral place in Schoenberg’s version of the canon and his own musical genealogy.

Economic Performance and Public Finance in Kenya, 1960-2010

2018 ◽  
Vol 47 (2) ◽  
Author(s):  
Kempe Ronald Hope
Keyword(s):  
Public Finance ◽  
Economic Performance ◽  
Emerging Economy ◽  
The Other ◽  
Government Investment ◽  
The Past ◽  
Other Hand ◽  
Private Savings ◽  
Per Capita ◽  
Real Growth

Countries with positive per capita real growth are characterised by positive national savings—including government savings, increases in government investment, and strong increases in private savings and investment. On the other hand, countries with negative per capita real growth tend to be characterised by declines in savings and investment. During the past several decades, Kenya’s emerging economy has undergone many changes and economic performance has been epitomised by periods of stability, decline, or unevenness. This article discusses and analyses the record of economic performance and public finance in Kenya during the period 1960‒2010, as well as policies and other factors that have influenced that record in this emerging economy. 

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