Skilled emigration and exchange rate : theory and empirics

In this paper we build a theoretical model on the wage effect of skilled emigration to the fluctuations in real exchange rate through the relative prices of nontradables. Our theoretical model predicts that skilled emigration is associated with an increase in the prices of nontradable, which in turn appreciates the exchange rate. We provide robust empirical support to a higher skilled emigration associated with higher prices in nontradables and appreciation of the real effective exchange rate. Based on two samples of countries with 51 and 67 observations, in 1990 and 2000 respectively, we find robust empirical support to a higher skilled emigration associated with higher prices in nontradables and appreciation of the REER. In addition, the support for the remittance-channel of the Dutch disease is also significant; overall, our findings corroborate the remittance-based Dutch disease phenomenon by providing an additional channel through which the labor mobility across borders affects the real exchange rate volatility.

Real Options: A Tool for Managing Technical Risk in a Mine Plan

NPV is a static measure of project value which does not discriminate between levels of internal and external risk in project valuation. Due to current investment project?s characteristics, a much more complex model is needed: one that includes the value of flexibility and the different risk levels associated with variables subject to uncertainty (price, costs, exchange rates, grade and tonnage of the deposits, cut off grade, among many others). Few of these variables present any correlation or can be treated uniformly. In this context, Real Option Valuation (ROV) arose more than a decade ago, as a mainly theoretical model with the potential for simultaneous calculation of the risk associated with such variables. This paper reviews the literature regarding the application of Real Options Valuation in mining, noting the prior focus on external risks, and presents a case study where ROV is applied to quantify risk associated to mine planning.

Estudio de la capacidad de arranque de una dinamita gelatinosa frente a una dinamita de seguridad

The objective of this project is to show that the permissible explosive called 20 SR is able to pull out the coal in the normal conditions of blasting in a satisfactory way and to set up the equivalence between the 20 SR and gelatin dynamite (Goma 2 ECO). To achieve this goal some blasting were done, changing the conditions of the blasting and the powder factor for the 20 SR. To analyze the fragmentation base on the analysis of the images of the rock blasted, a commercial software was used. The results from this analysis were compared with the results from the theoretical model for fragmentation created by Kuz – Ram. After all, it was showed that the 20 SR explosive is able to pull out the coal for different coal rock compositions. As the result of this project we can conclude that the 20 SR seems to be able to pull out the coal in normal blasting conditions, using the powder factor as a proportion of the “ballistic mortar” between the two explosives.

Estudio de la capacidad de arranque de una dinamita gelatinosa frente a una dinamita de seguridad

El presente proyecto pretende demostrar que el explosivo de seguridad 20 SR es capaz de arrancar el carbón de forma satisfactoria en las condiciones de disparo habituales y establecer la equivalencia práctica de dicho explosivo con una dinamita gelatinosa (Goma 2ECO). Para conseguir este objetivo se realizaron una serie de voladuras, variando las condiciones de disparo y los consumos específicos de la dinamita de seguridad. Se utilizó un software de análisis fotográfico para el estudio de la fragmentación en la pila y también se compararon los resultados obtenidos con el modelo teórico de fragmentación de Kuz – Ram. Los resultados demostraron la capacidad de arranque de la dinamita de seguridad, para diferentes composiciones de carbón. Del estudio parece deducirse que la dinamita de seguridad 20 SR es capaz de arrancar el carbón en condiciones de disparo habituales utilizando un consumo específico proporcional a la relación de la potencia del péndulo balístico de ambos explosivos. ABSTRACT The objective of this project is to show that the permissible explosive called 20 SR is able to pull out the coal in the normal conditions of blasting in a satisfactory way and to set up the equivalence between the 20 SR and gelatin dynamite (Goma 2 ECO). To achieve this goal some blasting were done, changing the conditions of the blasting and the powder factor for the 20 SR. To analyze the fragmentation base on the analysis of the images of the rock blasted, a commercial software was used. The results from this analysis were compared with the results from the theoretical model for fragmentation created by Kuz – Ram. After all, it was showed that the 20 SR explosive is able to pull out the coal for different coal rock compositions. As the result of this project we can conclude that the 20 SR seems to be able to pull out the coal in normal blasting conditions, using the powder factor as a proportion of the “ballistic mortar” between the two explosives.

La dimensión de la subjetividad en la formación del valor inmobiliario : aplicación del método de análisis de ecuaciones estructurales al mercado residencial de Lisboa

The discretionality and the appraisers’ subjectivity that characterize traditional real estate valuation are still allowed to take part in the formation of the asset price even when respecting international standards (EVS, IVS) or Appraisal Institution´s regulations (TEGOVA, RICS, etc.). The application of econometric and statistical methods to real estate valuation aims at the elimination of subjectivity on the appraisal process. But the unanswered question underneath this subject is the following: How important is the subjective component on real estate appraisal value formation? On this study Structural Equation Models (SEM) are used to determine the importance of the objective and subjective components on real estate valuation value formation as well as the weight of economic factors and the current economic context on real estate appraisal for mortgage purposes price formation. There were used two latent variables, Objective Component and Subjective Component, witch aggregate objective observed variables and subjective observed and unobserved variables, respectively. Factorial Exploratory Analysis is the statistical technique used in order to link the observed variables extracted from the valuation appraisal reports to the latent constructs derived from the theoretical model. SEM models were used to refine the model, eliminate non‐significant variables and to determine the weight of Objective and Subjective latent variables. These techniques were applied to a sample of over 11.000 real estate assets appraisal reports throughout the time period between November of 2006 and April of 2012. The real assets used on this study are located on Lisbon’s Metropolitan Area – “Grande Lisboa” –, Portugal. From this study, we conclude that Subjective Component has a considerable weight on real estate appraisal value formation and that the external factor Economic Situation has a very small impact on real estate appraisal value formation.

Self-consistent numerical dispersion relation of the ablative Rayleigh-Taylor instability of double ablation fronts in inertial confinement fusion

The linear stability analysis of accelerated double ablation fronts is carried out numerically with a self-consistent approach. Accurate hydrodynamic profiles are taken into account in the theoretical model by means of a fitting parameters method using 1D simulation results. Numerical dispersión relation is compared to an analytical sharp boundary model [Yan˜ez et al., Phys. Plasmas 18, 052701 (2011)] showing an excellent agreement for the radiation dominated regime of very steep ablation fronts, and the stabilization due to smooth profiles. 2D simulations are presented to validate the numerical self-consistent theory.

Ionoluminescence on α-quartz: mechanisms and modeling

Ionoluminescence of α - quartz exhibits two dominant emission bands peaking at 1.9 eV. (NBOHCs) and 2.7 eV (STEs. The evolution of the red emission yield does not show a correlation with the concentrations of neither the NBOHC nor with that of other color centers. The blue emission yield closely follows the amorphization kinetics independently measured by RBS/C spectrometry. A simple theoretical model has been proposed; it assumes that the formation and recombination of STEs are the primary event and both, the light emissions and the lattice structural damage are a consequence this phenomenon. The model leads to several simple mathematical equations that can be used to simulate the IL yields and provide a reasonable fit to experimental kinetic data.

Effect of the Wake of the Transducer Supports on the Ultrasonic Anemometer Measurements

The wake produced by the structural supports of the ultrasonic anemometers (UAs)causes distortions in the velocity field in the vicinity of the sonic path. These distortions are measured by the UA, inducing errors in the determination of the mean velocity, turbulence intensity, spectrum, etc.; basic parameters to determine the effect of wind on structures. Additionally, these distortions can lead to indefinition in the calibration function of the sensors (Cuerva et al., 2004). Several wind tunnel tests have been dedicated to obtaining experimental data, from which have been developed fit models to describe and to correct these distortions (Kaimal, 1978 and Wyngaard, 1985). This work explores the effect of a vortex wake generated by the supports of an UA, on the measurement of wind speed done by this instrument. To do this, the Von Karman¿s vortex street potential model is combined with the mathematical model of the measuring process carried out by UAs developed by Franchini et al. (2007). The obtained results are the correction functions of the measured wind velocity, which depends on the geometry of the sonic anemometer and aerodynamic conditions. These results have been validated with the ones obtained in a wind tunnel test done on a single path UA, especially developed for research. The supports of this UA have been modified in order to reproduce the conditions of the theoretical model. Good agreements between experimental and theoretical results have been found.

Comportamiento colaborativo: Medida y caracterización a través de la utilización de blogs en entorno empresarial

In order to improve collaboration within working teams, several collaborative tools are being deployed in most of the modern organizations; for this improvement to occur, employees also have to perform an appropriate collaborative behavior. The objective of this exploratory study is to measure and characterize this collaborative behavior taking into account several factors. In order to assess predictive ability for the research model, we have developed a theoretical model, which has been validated with data from 86 employees from the department of Information Systems of a large industrial company based in Spain. Findings from the results show that altruism, common objectives and mutual trust positively predict collaborative behavior, while the sense of belonging to a community, reputation and reciprocity do not.

Mathematical and Numerical Modeling in Maritime Geomechanics

A theoretical and numerical framework to model the foundation of marine offshore structures is presented. The theoretical model is composed by a system of partial differential equations describing coupling between seabed solid skeleton and pore fluids (water, air, oil,…) combined with a system of ordinary differential equations describing the specific constitutive relation of the seabed soil skeleton. Once the theoretical model is described, the finite element numerical procedure to achieve an approximate solution of the governing equations is outlined. In order to validate the proposed theoretical and numerical framework the seaward tilt mechanism induced by the action of breaking waves over a vertical breakwater is numerically reproduced. The results numerically attained are in agreement with the main conclusions drawn from the literature associated with this failure mechanism

Optimal Design of Envelope Amplifier Based on Linear Assisted Buck Converter

Envelope Tracking (ET) and Envelope Elimination and Restoration (EER) are two techniques that have been used as a solution for highly efficient linear RF Power Amplifiers (PA). In both techniques the most important part is a dc-dc converter called envelope amplifier that has to supply the RF PA with variable voltage. Besides high efficiency, its bandwidth is very important as well. Envelope amplifier based on parallel combination of a switching dc-dc converter and a linear regulator is an architecture that is widely used due to its simplicity. In this paper we discuss about theoretical limitations of this architecture regarding its efficiency and we demonstrate two possible way of its implementation. In order to derive the presented conclusions, a theoretical model of envelope amplifier's efficiency has been presented. Additionally, the benefits of the new emerging GaN technology for this application have been shown as well.

Impedance control for legged robots: an insight into the concepts involved

The application of impedance control strategies to modern legged locomotion is analyzed, paying special attention to the concepts behind its implementation which is not straightforward. In order to implement a functional impedance controller for a walking mechanism, the concepts of contact, impact, friction, and impedance have to be merged together. A literature review and a comprehensive analysis are presented compiling all these concepts along with a discussion on position-based versus force-based impedance control approaches, and a theoretical model of a robotic leg in contact with its environment is introduced. A theoretical control scheme for the legs of a general legged robot is also introduced, and some simulations results are presented.

Current collection by an active spherical electrode in an unmagnetized plasma

A theoretical model for the steady-state response of anodic contactors that emit a plasma current Ii and collect electrons from a collisionless, unmagnetized plasma is presented. The use of a (kinetic) monoenergetic population for the attracted species, well known in passive probe theory, gives both accuracy and tractability to the theory. The monoenergetic population is proved to behave like an isentropic fluid with radial plus centripetal motion, allowing direct comparisons with ad hoc fluid models. Also, a modification of the original monoenergetic equations permits analysis of contactors operating in orbit-limited conditions. Besides that, the theory predicts that, only for plasma emissions above certain threshold current a presheath/double layer/core structure for the potential is formed (the core mode), while for emissions below that threshold, a plasma contactor behaves exactly as a positive-ion emitter with a presheath/sheath structure (the no-core mode). Ion emitters are studied as a particular case. Emphasis is placed on obtaining dimensionless charts and approximate asymptotic laws of the current-voltage characteristic.

Análisis del discurso del entrenador de baloncesto experto en competición

En el ámbito de la competición deportiva profesional, el entrenador es una figura clave dentro del equipo y afecta de manera significativa al rendimiento del mismo. El comportamiento del entrenador, las decisiones que tome durante el partido, sus formas, tiempos, etc. afectan a las actuaciones de los jugadores dentro de la pista y suponen un aspecto muy importante a tener en cuenta a la hora de analizar el rendimiento de los equipos en una competición. Los condicionantes de la competición, la urgencia en las decisiones, la incertidumbre de su cumplimiento, etc., afectan a su conducta verbal. Por tanto, debemos conocer algunos de los comportamientos que resultan más eficaces por parte del entrenador para conseguir el mayor rendimiento de su equipo durante el partido y a partir de ahí tratar de construir un modelo teórico sobre que requisitos debería cumplir esta conducta verbal, ya que creemos que es a través del análisis de la observación de una conducta en una situación real como se pueden establecer estos parámetros teóricos sobre la comunicación. Para ello realizamos un estudio de 6 casos de entrenadores expertos en los que observamos su comportamiento verbal durante 4 partidos para extraer una información que comparada con los estudios previos, determine si es posible o no, establecer un modelo mínimo común de comportamiento eficaz en competición. En cuanto al objeto de la observación en el estudio de los casos nos hemos centrado en el contenido de la información, el que, su significado y sólo de tipo verbal, ya que consideramos la comunicación no verbal como algo más sujeto a posibles interpretaciones, aspecto que no estudiamos. ABSTRACT In the area of the sports professional competition, the coach is a key figure inside the team and concerns in a significant way the performance of the same one. The behavior of the coach, the decisions that it takes during the game, his forms, times, etc. They concern the actions of the players inside the track and suppose a very important aspect to bear in mind at the moment of analyzing the performance of the teams in a competition. The determining ones of the competition, the urgency in the decisions, the uncertainty of his fulfillment, etc., they concern his verbal behavior. Therefore, we must know some of the behaviors that turn out to be more effective on the part of the coach to obtain the best performance of his team during the game and from there tries to construct a theoretical model on whom requirements it should fulfill this verbal behavior, since we believe that it is across the analysis of the observation of a conduct in a true situation since these theoretical parameters can be established on the communication. For it we realize a study of 6 cases of expert coaches in that we observe his verbal behavior during 4 games to extract information that compared with the previous studies, it determines if it is possible or not, establishes a minimal common model of effective behavior in competition. As for the object of the observation in the study of the cases we have centered on the content of the information, the fact that, his meaning and only of verbal type, since we consider the not verbal communication as slightly more subject to possible interpretations, aspect that we do not study.

Optically Induced Modulation of a Laser Beam in Nematic Liquid Crystals Structures

In this paper we report the experimental results obtained when an He-Ne laser beam crosses an MBBA homeotropic sandwich structure and is modulated by the influence of another laser beam, in our case an Ar+ laser, crossing through the same region. We extend some results previously reported by us1 2 concerning the influence of the ratio of the diameters of the laser beams on the modulation characteristics. A theoretical model, based on the one reported in Ref6 , shows good agreement with the experimental results. If the Ar+ laser is intensity chopped, the resulting He-Ne diffracted image is also intensity modulated. The highest frequency observed has been 500 p. p. s.