A modified LLC panel unit root test of the PPP hypothesis

In a recent study, Westerlund (Empir Econ 37:517–531, 2009) shows that the performance of the popular LLC (Levin et al., J Econ 108:1–24, 2002) panel unit root test depends critically on the choice of lag truncation used when correcting for serial correlation, and that it is only when this parameter is set as a function of time that the power raises above size. The purpose of the current paper is to propose a modified test that does not suffer from this drawback. The new test is not only simpler to compute but also superior in terms of small-sample performance, which is illustrated using an example purchasing power parity for less developed countries.

PANIC in the presence of uncertainty about the deterministic trend

Most macroeconomic and financial panel variables are trending. However, because of the well-known power problem in the presence of incidental trends, many researchers gamble that their unit root test regressions can be ran without such trends, thereby running the risk of obtaining spurious results. This article takes one of the most general and popular panel unit root tests, known as PANIC, and shows how it can be modified to account for the uncertainty regarding the deterministic trend.

Reducing the pilling propensity of wool knits with a three-step plasma treatment

A three-step plasma treatment, including surface activation with argon, surface functionalization with oxygen and then thin film deposition using a pulsed plasma polymerization of hexamethyldisiloxane (HMDSO), was used in low-pressure plasma to improve the pilling resistance of knitted wool fabric. The pilling propensity of the treated samples was investigated and compared with the pilling propensity of untreated, argon activated and oxygen functionized samples and argon and oxygen plasma-treated samples that were afterwards subject to continuous wave plasma polymerization of HMDSO. With the three-step treatment, a pilling grade of four was achieved for the treated wool fabric, while that of untreated and other plasma-treated was two and three, respectively. For the three-step plasma-treated sample, a uniform HMDSO polymer coating of 300 nm thickness was obtained; X-ray photoelectron spectroscopy (XPS) showed the presence of the silicone element, and Fourier transform infrared (FTIR) spectroscopy confirmed the chemical structure of the coating. No apparent differences were found in the whiteness index between the treated and untreated wool knits, but there was deterioration in the bursting strength and handle of the plasma-treated wool samples.

Coating and functionalization of carbon fibres using a three-step plasma treatment

A three-step plasma treatment—activation, functionalization and polymerization—has been used to deposit a thin plasma polymer with amine groups on carbon fibres (CFs). This plasma polymer has strong adhesion to the CF surface and the amine groups enable strong bonding to a matrix. The CFs were first treated by Ar plasma to activate and clean the surface, followed by O2 plasma to incorporate oxygen-containing functional groups, and finally a heptylamine thin film was deposited using combined continuous wave and pulsed plasma polymerization. Strong adhesion between the plasma polymer and the CF was observed. The fibre strength was not affected by the treatment.

Fabrication of boron nitride nanotube-gold nanoparticle hybrids using pulsed plasma in liquid

Plasma, generated in liquid at atmospheric pressure by a nanosecond pulsed voltage, was used to fabricate hybrid structures from boron nitride nanotubes and gold nanoparticles in deionized water. The pH was greatly reduced, conductivity was significantly increased, and concentrations of reactive oxygen and nitrogen species in the water were increased by the plasma treatment. The treatment reduced the length of the nanotubes, giving more individual cuplike structures, and introduced functional groups onto the surface. Gold nanoparticles were successively assembled onto the functionalized surfaces. The reactive species from the liquid plasma along with the nanosecond pulsed electric field seem to play a role in the shortening and functionalization of the nanotubes and the assembly of gold nanoparticles. The potential for targeted drug delivery was tested in a preliminary investigation using doxorubicin-loaded plasma-treated nanotubes which were effective at killing ∼99% of prostate cancer cells.

Simulated impacts of climate change on current farming locations of striped catfish (Pangasianodon hypophthalmus; Sauvage) in the Mekong Delta, Vietnam

In Vietnam, culturing striped catfish makes an important contribution to the Mekong Delta's economy. Water level rise during rainy season and salt intrusion during dry season affect the water exchange and quality for this culture. Sea level rise as a consequence of climate change will worsen these influences. In this study, water level rise and salt water intrusion for three sea level rise (SLR) scenarios (i.e., +30, +50, and +75 cm) were simulated. The results showed that at SLR +50, the 3-m-flood level would spread downstream and threaten farms located in AnGiang, DongThap and CanTho provinces. Rising salinity levels for SLR +75 would reduce the window appropriate for the culture in SocTrang and BenTre provinces, and in TienGiang's coastal districts. Next to increasing dikes to reduce the impacts, the most tenable and least disruptive option to the farming community would be to shift to a salinity tolerant strain of catfish.

A non-stationary panel data investigation of the unemployment–crime relationship

Many empirical studies of the economics of crime focus solely on the determinants thereof, and do not consider the dynamic and cross-sectional properties of their data. As a response to this, the current paper offers an in-depth analysis of this issue using data covering 21 Swedish counties from 1975 to 2010. The results suggest that the crimes considered are non-stationary, and that this cannot be attributed to county-specific disparities alone, but that there are also a small number of common stochastic trends to which groups of counties tend to revert. In an attempt to explain these common stochastic trends, we look for a long-run cointegrated relationship between unemployment and crime. Overall, the results do not support cointegration, and suggest that previous findings of a significant unemployment–crime relationship might be spurious.

Panel bootstrap tests of slope homogeneity

This paper proposes two bootstrap-based tests that can be used to infer whether the individual slopes in a panel regression model are homogenous. The first test is suitable when wanting to infer the null of homogeneity versus the general alternative, while the second is suitable when wanting to infer the units of the panel that can be pooled. Both approaches are shown to be asymptotically valid, a property that is verified in small samples using Monte Carlo simulation.

Testing slope homogeneity in large panels with serial correlation

Pesaran and Yamagata (Pesaran, M.H., Yamagata, T., Testing slope homogeneity in large panels, Journal of Econometrics 142, 50-93, 2008) propose a test for slope homogeneity in large panels, which has become very popular in the literature. However, the test cannot deal with the practically relevant case of heteroskedastic and/serially correlated errors. The present note proposes a generalized test that accommodates both features. © 2013 Elsevier B.V.