3 resultados para Mean Reversion
em University of Connecticut - USA
Resumo:
This is the third paper in a four-part series considering the fundamental question, “what does the word “height” really mean?” The first paper reviewed reference ellipsoids and mean sea level datums. The second paper reviewed the physics of heights culminating in a simple development of the geoid and explained why mean sea level stations are not all at the same orthometric height. This third paper develops the principle notions of height, namely measured, differentially deduced changes in elevation, orthometric heights, Helmert orthometric heights, normal orthometric heights, dynamic heights, and geopotential numbers. We conclude with a more in-depth discussion of current thoughts regarding the geoid.
Resumo:
Kenya Growth Vision 2030 proposes policy and institutional reforms that make it possible for the country to achieve development status of a middle income country by 2030. This paper outlines the institutional framework necessary to achieve ÈSuper Growth,É which describes the character of growth required to meet targets stipulated in the Vision. The paper provides evidence confirming the importance of improving the quality of governance to the achievement of the Vision. The paper also demonstrates that the country is characterized by a high probability of reverting to poor governance. It is argued that, to achieve super growth, the country must attain an institutional tipping point which associates with low reversion rates to weaker institutions. The paper provides suggestions for institutional reforms that result in the achievement of an institutional tipping point and super growth.