In this article, the lead--lag relationship in freight rates between spot and forward markets and between spot and time charter (TC) markets was investigated. A hybrid forecasting method for spot freight rates was proposed based on the price discovery functions of the freight forward agreement...

In this research, the presidential election cycle hypothesis is evaluated within the context of the turn-of-the-month effect found in stock returns. Copyright (c) 2004 by the Southwestern Social Science Association.

Taking the city of Xiamen, China, as an example, we used thermal infrared remote sensing to detect thermal pollution, and examined its relationship to energy consumption and the industrial economy. Monthly changes in 2002 and dynamics throughout the period of rapid urbanization (1987–2007) are...

Drought is one of the major natural disasters in the Loess Plateau of China. We aimed to reveal drought occurrence regularity, relations between different magnitudes of drought and precipitation intensity changes. Based on Chinese climate divisions and digital elevation model graphs of the Loess...

The paper aimed to investigate the performance of several hydrophilic materials, namely metals, fibres, ceramics, zeolite and carbons, and to select the materials that are most suitable for performing heat and mass transfer between the incoming and outgoing airstreams associated with buildings....

The water footprint (WF) of crop production is a comprehensive indicator that can reflect water consumption types, quantities and environmental impacts during the crop growth period. This study assesses interannual variability of green, blue and grey WFs of maize production in Beijing from 1978...

The process of selecting and designing the major components for a hybrid solar collector/CHP system is described. Particular attention was given to the design of the solar collector and a number of options, including thin membrane heat pipe solar collectors (both ‘normal’ and ‘artery’...

A theoretical analysis has been carried out to investigate the thermodynamic and heat transfer characteristics of a hybrid heat pipe solar collector/CHP system based on the assumption that the system operates on a typical Rankine cycle. Experimental testing of the prototype was also carried out...

An important recent development in the pricing of interest rate derivatives is the emergence of models that incorporate lognormal volatilities for forward Libor or forward swap rates while keeping interest rates stable. These market models have three attractive features: they preclude arbitrage...

The issue of the relative returns to farmers from R&D and promotion is examined using a multi-sectoral equilibrium displacement model of the Australian beef industry. Total economic surplus changes and their distributions among various industry groups resulting from 1% cost reductions in various...