A Reappraisal of the Allocation Puzzle through the Portfolio Approach

Paradoxically, high-growth, high-investment developing countries tend to experience capital outflows. This paper shows that this allocation puzzle can be explained simply by introducing uninsurable idiosyncratic investment risk in the neoclassical growth model with international trade in bonds, and by taking into account not only TFP catch-up, but also the capital wedge, that is, the distortions on the return to capital. The model fits the two following facts, documented on a sample of 67 countries between 1980 and 2003: (i) TFP growth is positively correlated with capital outflows in a sample including creditor countries; (ii) the long-run level of capital per efficient unit of labor is positively correlated with capital outflows. Consistently, we show that the capital flows predicted by the model are positively correlated with the actual ones in this sample once the capital wedge is accounted for. The fact that Asia dominates global imbalances can be explained by its relatively low capital wedge.

Lajittumisen dynamiikka epäpuhtauksien ja kuitujen painelajittelussa

Viimevuosina kuvantamistekniikat ovat kehittyneet huomattavasti. Näiden uusien tekniikoiden avulla voidaan tarkastella erilaisia prosesseja aiempaa tarkemmin. Painelajittelun teoriat perustuvat pääasiassa makrotason mittauksien pohjalta tehtyihin matemaattisiin malleihin, ja itse lajittumistapahtumaa ei ole aiemmin päästy kovinkaan tarkasti havainnoimaan. Tämän työn tavoitteena olikin selvittää lajittumistapahtumaa uuden kuvantamistekniikan avulla. Työn kirjallisuusosassa esiteltiin lyhyesti painelajitin ja sen toiminta. Myös painelajittelun perusteoriat käytiin lyhyesti läpi. Teoriaosan pääpaino oli lajittumistapahtumassa ja siihen vaikuttavissa tekijöissä. Lisäksi teoriaosassa esiteltiin teollisen painelajittelun nykytilannetta, työtä varten tehdyn esiselvityksen pohjalta. Lajitinsimulaattorikoeajoissa selvitettiin kuitujen ja roskapartikkelien käyttäyty-mistä painelajittimessa kuvantamisen avulla. Kuvauksissa keskityttiin rakosihdin raon tapahtumiin, sekä sihtipinnan tapahtumiin. Kuvamateriaalista laskettiin kuitujen ja roskien liikenopeuksia lankasihtiprofiilin raossa, sekä sihdin pinnalla. Lisäksi tutkittiin kehänopeuden, tuotannon ja sakeuden vaikutusta liike-nopeuksiin. Kuvamateriaalista pyrittiin myös havainnoimaan mahdollista kuitujen takaisinvirtausta. Kuvantamisella saatiin uutta tietoa kuitujen ja roskapartikkelien liikkeestä painelajittimessa. Tuloksista kävi muun muassa ilmi, että roottorin elementin pienimmän välyksen kohdalla akseptoituu huomattava määrä massaa. Tämä selittyy sillä, että pienimmän välyksen kohta tuottaa huomattavan positiivisen painepulssin. Kuitujen ja roskapartikkelien nopeudet raossa noudattelivat muutenkin hyvin selkeästi elementin tuottamaa painepulssia. Lisäksi kuvamateriaalista havaittiin, että sihdin raon suulle kertyy profiilin korkuinen kuituflokki. Koko sihdin peittävää kuitumattoa ei havaittu.

Feeding habits of Ophichthus rufus (Anguilliformes, Ophichthidae) in the western Mediterranean

Ophichthus Rufus is a Mediterranean benthic fish with nocturnal habits. It lives in sand or mud bottoms at depths between 50 and 150m. Until now, nothing about its feeding habits was known. Stomach contents of 689 individuals, collected between 1985 and 1987, were analysed. The diet is basically composed of benthic organisms, among which the decapods processa canaliculata and Alpheus glaber and the teleost fish Callionymus maculatus are prominent. Young of both sexes and adult males have a euryphagic carnivorous diet, whereas adult females are closer to a stenophagic piscivorous diet

Factors Affecting Filterability

In this thesis the factors affecting lime mud filterability were studied. In the literature part there is information about recausticizing process, lime mud properties and filterability, and general filtration theory. In the experimental part the properties of lime mud particles and the properties of lime mud filter cake were investigated and the behavior of lime mud precoat was studied. The experiments were also carried out with R-PCC (rhombohedral precipitated calcium carbonate). The filtration and precoat studies were performed with a laboratory scale pressure filter. The pressure differences used were between 0.25-1.50 bars. Six different lime mud samples with varying amount of impurities and two R-PCC samples were used in the experiments. The average specific cake resistance of different lime mud samples varied quite extensively. The most influential factor affecting the lime mud filterability and dry solids content was found to be silica content. As the lime mud contained silica, the average specific cake resistance was high and the lime mud dryness was low. If the lime mud samples containing silica were not taken into account, the smaller the mean particle size, the higher the average specific cake resistance of the lime mud. The R-PCC had also a high average specific cake resistance, which was because of small particle size. In addition, the pressure difference affected the average specific cake resistance of some lime mud samples. In those cases lime mud was compressible material. During the precoat experiments the lime mud samples having the largest mean particle sizes, compressed. However, the average specific cake resistances of the filtration and precoat part were approximately the same magnitude. A brief displacement by air did not affect the behavior of the precoat. Instead, vibration and a brief but relatively great change in pressure difference had a slight influence.

Designing a new type of support for rotary kilns

Lime kiln is used as a part of the modern kraft pulp process in order to produce burnt lime from lime mud. This rotating kiln is supported by support rollers, which are traditionally supported by journal bearings. Since the continuous growth in the production of pulp mills requires larger lime kilns, the traditional bearing construction has become unreliable. The main problem especially involves the running-in phase of the bearings. In the present thesis, a new type of support roller was developed by using the systematic approach of machine design. Structural analysis was conducted on the critical parts of the selected structure by the finite element method. The operation of hydrodynamic bearings was examined by analytical methods. As a result of this work, a new type of support for rotating kilns was designed, which is more reliable and easier to service. A new support roller geometry is described, which pro¬vides for significant cost savings.

Hardcopy quality parameters to ensure structures detection at digital mammography

Objective To develop procedures to ensure consistency of printing quality of digital images, by means of hardcopy quantitative analysis based on a standard image. Materials and Methods Characteristics of mammography DI-ML and general purpose DI-HL films were studied through the QC-Test utilizing different processing techniques in a FujiFilm®-DryPix4000 printer. A software was developed for sensitometric evaluation, generating a digital image including a gray scale and a bar pattern to evaluate contrast and spatial resolution. Results Mammography films showed maximum optical density of 4.11 and general purpose films, 3.22. The digital image was developed with a 33-step wedge scale and a high-contrast bar pattern (1 to 30 lp/cm) for spatial resolution evaluation. Conclusion Mammographic films presented higher values for maximum optical density and contrast resolution as compared with general purpose films. The utilized digital processing technique could only change the image pixels matrix values and did not affect the printing standard. The proposed digital image standard allows greater control of the relationship between pixels values and optical density obtained in the analysis of films quality and printing systems.

From Regional Landslide Detection to Site-Specific Slope Deformation Monitoring and Modelling Based on Active Remote Sensors

Landslide processes can have direct and indirect consequences affecting human lives and activities. In order to improve landslide risk management procedures, this PhD thesis aims to investigate capabilities of active LiDAR and RaDAR sensors for landslides detection and characterization at regional scales, spatial risk assessment over large areas and slope instabilities monitoring and modelling at site-specific scales. At regional scales, we first demonstrated recent boat-based mobile LiDAR capabilities to model topography of the Normand coastal cliffs. By comparing annual acquisitions, we validated as well our approach to detect surface changes and thus map rock collapses, landslides and toe erosions affecting the shoreline at a county scale. Then, we applied a spaceborne InSAR approach to detect large slope instabilities in Argentina. Based on both phase and amplitude RaDAR signals, we extracted decisive information to detect, characterize and monitor two unknown extremely slow landslides, and to quantify water level variations of an involved close dam reservoir. Finally, advanced investigations on fragmental rockfall risk assessment were conducted along roads of the Val de Bagnes, by improving approaches of the Slope Angle Distribution and the FlowR software. Therefore, both rock-mass-failure susceptibilities and relative frequencies of block propagations were assessed and rockfall hazard and risk maps could be established at the valley scale. At slope-specific scales, in the Swiss Alps, we first integrated ground-based InSAR and terrestrial LiDAR acquisitions to map, monitor and model the Perraire rock slope deformation. By interpreting both methods individually and originally integrated as well, we therefore delimited the rockslide borders, computed volumes and highlighted non-uniform translational displacements along a wedge failure surface. Finally, we studied specific requirements and practical issues experimented on early warning systems of some of the most studied landslides worldwide. As a result, we highlighted valuable key recommendations to design new reliable systems; in addition, we also underlined conceptual issues that must be solved to improve current procedures. To sum up, the diversity of experimented situations brought an extensive experience that revealed the potential and limitations of both methods and highlighted as well the necessity of their complementary and integrated uses.

Reduction and Analysis Methods of Indigo

Throughout history indigo was derived from various plants for example Dyer’s Woad (Isatis tinctoria L.) in Europe. In the 19th century were the synthetic dyes developed and nowadays indigo is mainly synthesized from by-products of fossil fuels. Indigo is a so-called vat dye, which means that it needs to be reduced to its water soluble leucoform before dyeing. Nowadays, most of the industrial reduction is performed chemically by sodium dithionite. However, this is considered environmentally unfavourable because of waste waters contaminating degradation products. Therefore there has been interest to find new possibilities to reduce indigo. Possible alternatives for the application of dithionite as the reducing agent are biologically induced reduction and electrochemical reduction. Glucose and other reducing sugars have recently been suggested as possible environmentally friendly alternatives as reducing agents for sulphur dyes and there have also been interest in using glucose to reduce indigo. In spite of the development of several types of processes, very little is known about the mechanism and kinetics associated with the reduction of indigo. This study aims at investigating the reduction and electrochemical analysis methods of indigo and give insight on the reduction mechanism of indigo. Anthraquinone as well as it’s derivative 1,8-dihydroxyanthraquinone were discovered to act as catalysts for the glucose induced reduction of indigo. Anthraquinone introduces a strong catalytic effect which is explained by invoking a molecular “wedge effect” during co-intercalation of Na+ and anthraquinone into the layered indigo crystal. The study includes also research on the extraction of plant-derived indigo from woad and the examination of the effect of this method to the yield and purity of indigo. The purity has been conventionally studied spectrophotometrically and a new hydrodynamic electrode system is introduced in this study. A vibrating probe is used in following electrochemically the leuco-indigo formation with glucose as a reducing agent.

Imatran tehtaiden jätevesipäästöjen hallinta- ja analysointityökalun kehittäminen

Työn tavoitteena oli kehittää Stora Enso Oyj:n Imatran tehtaille Wedge-pohjainen analysointityökalu, jolla voidaan hallita prosessi- ja päästötietojen yhteys nykyistä paremmin. Wedgeen määriteltiin päästömittauksia, olennaisia prosessimittauksia ja tarpeelliset laskennat kuormituksen ennustamiseksi lähtien tuotantoprosessien tilasta. Työssä tehtiin kemialliselle ja biologiselle jätevedenpuhdistamolle meneville jätevesille laskennallisia malleja, joita verrattiin mitattuihin arvoihin. Kemialliselle jätevedenpuhdistamolle meneville jätevesille tehtiin malli jäteveden virtaamalle. Biologiselle jätevedenpuhdistamolle meneville jätevesille tehtiin mallit jäteveden virtaamalle sekä COD-, AOX- ja alkuainekuormituksille. Alkuaineista työhön otettiin mukaan natrium, rikki ja kloori. Teoriaosassa on käsitelty sellu- ja paperitehtaiden vedenkäyttöä, tehtaan eri osastojen jätevesikuormitusta, jäteveden puhdistusmenetelmiä sekä prosessidatan käsittelymenetelmiä. Kokeellisessa osassa on esitelty mitattujen ja laskennallisten mallien yhteyttä. Suurin osa laskennallisista malleista näyttää seuraavan kohtuullisen hyvin mitattuja arvoja. Kokeellisessa osassa on myös havainnollistettu esimerkkien avulla mallien hyödyntämistä. Työn hyötynä on normaalien kuormitusvaihteluiden ja häiriöpäästöjen entistä tarkempi ja nopeampi erottelu. Pitkällä tähtäimellä Wedge-ohjelman avulla pystytään keskittämään jätevesikuormituksen vähentämistoimenpiteet olennaisimpiin kohteisiin.

Estudo sobre a utilização da lama vermelha para a remoção de corantes em efluentes têxteis

Red mud is the principal residue of the alumina (Al2O3) industry. Generated during the Bayer process, it is characterized by strong alkalinity and ion exchange. Iron oxides are the principal component (30 to 60%). Annually millions of tons of red mud are generated in the world. Red mud disposal is responsible for a large part of the cost of alumina production. On the other hand, textile industry wastewaters containing dyes have a great impact on the environment and on human health. In this paper the possibility of applying red mud for the removal of dyes was investigated by two processes: adsorption and degradation by the Fenton reagent.

Adsorção competitiva de inibidor de corrosão usado em poços de perfuração de petróleo sobre aço, esmectita e arenito

A commercial corrosion inhibitor used in petroleum production was characterized by means of infrared spectroscopy and energy dispersive spectroscopy (EDS). Predicting the adsorption behavior of corrosion inhibitor onto steel, sandstone and esmectite is the key to improve working conditions. In this study, the adsorption kinetics of inhibitor formulations in HCl 15% or in Mud Acid (HCl 13,5% and ammonium bifluoride) onto steel, sandstone and esmectite was determined by means of spectrophotometry. Kinetic parameters indicated that adsorption of inhibitor in the presence of bifluoride was favored. Moreover, the adsorption constant rate was the largest when the substrate was esmectite.

Adsorção do corante Reativo Azul 19 em solução aquosa por lama vermelha tratada quimicamente com peróxido de hidrogênio

Adsorption of Reactive Blue 19 dye onto activated red mud was investigated. Red mud was treated with hydrogen peroxide (LVQ) and heated at both 400 ºC (LVQ400) and 500 ºC (LVQ500). These samples were characterized by pH, specific surface area, point of zero charge and mineralogical composition. Adsorption was found to be significantly dependent on solution pH, with acidic conditions proving to be the most favorable. The adsorption followed pseudo-second-order kinetics. The Langmuir isotherm was the most appropriate to describe the phenomenon of dye removal using LVQ, LVQ400 and LVQ500, with maximum adsorption capacity of 384.62, 357.14 and 454.54 mg g-1, respectively.

Remoção do ácido mefenâmico em água utilizando carvão ativado em pó, lama vermelha e oxidação com cloro

The use of activated carbon powder (ACP), red mud and oxidation with chlorine to remove mefenamic acid in water are described, aimed at their application as a complement to sewage treatment processes in Brazil. A study on the behavior of mefenamic acid in water was performed by evaluating its dissolution for different concentrations and times. Subsequently, the optimal conditions for removal of mefenamic acid were investigated using ACP adsorption at different pH and concentrations, and red mud adsorption using different pH. The utilization of different pH and times was also investigated to establish the ideal conditions for chemical oxidation of the drug. Among the different conditions studied, the best condition for drug removal by ACP and red mud were 100% and 96%, respectively, while the best condition for chemical oxidation occurred using solutions with pH 6 and 7 and reaction times of 30 and 60 minutes.

Genesis and Emplacement of Carbonatites and Lamprophyres in the Svecofennian Domain

A small carbonatite dyke swarm has been identified at Naantali, southwest Finland. Several swarms of shoshonitic lamprophyres are also known along the Archean-Proterozoic boundary in eastern Finland and northwest Russia. These intrusions, along with the carbonatite intrusion at Halpanen, eastern Finland, represent a stage of widespread low-volume mantle-sourced alkaline magmatism in the Svecofennian Domain. Using trace element and isotope geochemistry coupled with precise geochronology from these rocks, a model is presented for the Proterozoic metasomatic evolution of the Fennoscandian subcontinental lithospheric mantle. At ~2.2-2.06 Ga, increased biological production in shallow seas linked to continental rifting, resulted in increased burial rates of organic carbon. Subduction between ~1.93-1.88 Ga returned organic carbon-enriched sediments of mixed Archean and Proterozoic provenance to the mantle. Dehydration reactions supplied water to the mantle wedge, driving arc volcanism, while mica, amphibole and carbonate were brought deeper into the mantle with the subducting slab. The cold subducted slab was heated conductively from the surrounding warm mantle, while pressures continued to gradually increase as a result of crustal thickening. The sediments began to melt in a two stage process, first producing a hydrous alkaline silicate melt, which infiltrated the mantle wedge and crystallised as metasomatic veins. At higher temperatures, carbonatite melt was produced, which preferentially infiltrated the pre-existing metasomatic vein network. At the onset of post-collisional extension, deep fault structures formed, providing conduits for mantle melts to reach the upper crust. Low-volume partial melting of the enriched mantle at depths of at least 110 km led to the formation of first carbonatitic magma and subsequently lamprophyric magma. Carbonatite was emplaced in the upper crust at Naantali at 1795.7 ± 6.8 Ma; lamprophyres along the Archean-Proterozoic boundary were emplaced between 1790.1 ± 3.3 Ma and 1781 ± 20 Ma.