This article examines long-run relationships and short-run dynamic causal linkages among the five largest emerging African stock markets and the US market, with particular attention to the 1997-1998 global emerging market crisis. In general, interdependence between the African markets and the...

The economic development proposes new issues for accounting teaching, which not only relies on educators¡¯ own perfection as well as the joint efforts of the accounting practitioners and social parties. The author briefly described the new circumstances the accounting education faces in recent...

Considering the feasibility in China¡¯s market and adopting existing pricing models on financial guaranty products and credit derivatives, a pricing model on financial guaranty products is built under the actuarial methodology. In the model, the geometric Brownian motion with correlation is...

A supersaturated design (SSD) is a design whose run size is not enough for estimating all the main effects. An important goal in the analysis of such designs is to identify active effects based on the effect sparsity assumption. A Bayesian variable selection strategy which combines the...

This paper assesses energy efficiency in Swedish industry. Using unique firm-level panel data covering the years 2001-2008, the efficiency estimates are obtained for firms in 14 industrial sectors by using data envelopment analysis (DEA). The analysis accounts for multi-output technologies where...

This paper estimates firm level energy efficiency and its determinants in 14 sectors of Swedish manufacturing by using stochastic frontier analysis (SFA). We derive energy demand frontiers both from cost minimizing and profit maximizing perspectives. To account for firms’ heterogeneity,...

Assessing the water resource carrying capacity is beneficial for measuring the scale of industry and population agglomeration, and also avoiding the contradiction between increasing people and decreasing available water resource, due to the expansion of industry and city size. Based on the...

Global warming has drawn great attention in recent years, and the resultant extreme drought events have seriously influenced food security. Drought hazard has become a major stress factor for food production in China. The present study aimed to assess the drought hazard risk of maize in middle...

Land structure change not only relates to the coordinated development of regional social economic, but also determines the ecological environment security in certain region. Ili river valley was chose as the study area. The scientific and quantitative assessment of land use structure and spatial...

Food security has drawn great attention from both researchers and practitioners in recent years. Global warming and its resultant extreme drought events have become a great challenge to crop production and food price stability. This study aimed to establish a preliminary theoretical methodology...