Due to changes in individual demand, manufacturing processes have become more complex and dynamic. To cope with respective fluctuations as well as machine breakdowns, capacity adjustment is one of the major effective measures. Instead of labor-oriented methods, we propose a machinery-based...

Replaced with revised version of paper 07/05/07.

Replaced with revised version of paper 07/05/07.

This study attempts to investigate the effects of exchange rate, soybean price, and ocean freight costs on import demand for U.S. grain with forward-futures markets. The focus is on soybeans. The panel data cover the major exporting markets for U.S. soybeans over the last decade. China and...

Multiplicative habit introduces an additional consumption risk as a determinant of equity premium, and allows time preference and habit strength, in addition to risk aversion, to affect "price of risk". A model combining multiplicative habit and power-expo preferences cannot be rejected.

In this paper, I first develop a new approach to estimating the return on the aggregate wealth portfolio that accounts for human capital and financial assets other than stocks. Using the estimated return on the wealth portfolio and the quarterly U.S. aggregate data on consumption and asset...

This paper analyses the status quo of migrant workers' lack of cultural rights and interests as follows: the holistic cultural life of migrant workers is scant and monotonous; the cultural facilities prodded by the majority of enterprises are critically short; the cultural life of migrant...

Firstly, based on significance of developing agricultural mechanization and automation and current situations of agricultural mechanization and automation specialities in colleges and universities, we put forward objectives of personnel cultivation for agricultural mechanization and automation...

China committed itself to reduce the carbon intensity of its economy (the amount of CO2 emitted per unit of GDP) by 40?45% during 2005?2020. Yet, between 2002 and 2009, China experienced a 3% increase in carbon intensity, though trends differed greatly among its 30 provinces. Decomposition...

Primary PM2.5 emissions contributed significantly to poor air quality in China. We present an interdisciplinary study to measure the magnitudes of socioeconomic factors in driving primary PM2.5 emission changes in China between 1997?2010, by using a regional emission inventory as input into an...