Multinational Performance and the Geography of FDI:evidence from 46 countries

The literature on multinationality and firm performance has generally disregarded the role of geography. However, the location of FDI assumes particular importance in terms of the link between multinationality at the firm level. The purpose of this paper is to consider the multinationality-performance relationship within the context of greater emphasis on the importance of location, but also emphasising the importance of the location decision. This paper draws on firm-level data covering over 16,000 multinationals from 46 countries over the period of 1997-2007 and allows for different effects upon the performance of the multinational firm depending on the level of development of the host economy. In our results, we find a clear positive relation between multinationality and firm performance. However, investment in developing countries is associated with larger effects on performance than in the case of investment in developed countries. We also find that the return to investing in developing countries is U-shaped. This indicates that multinationals are likely to face losses in the early stage of their investment in developing countries before the positive returns are realized. Overall, our results suggest that the net gains for multinationals from greater geographical diversification have not yet been fully explored. Geographical diversification into developing countries may be an important source of competitive advantages that deserves more serious consideration from business leaders and academics alike. © 2013 Springer-Verlag Berlin Heidelberg.

On the structural repertoire of pools of short, random RNA sequences

A detailed knowledge of the mapping between sequence and structure spaces in populations of RNA molecules is essential to better understand their present-day functional properties, to envisage a plausible early evolution of RNA in a prebiotic chemical environment and to improve the design of in vitro evolution experiments, among others. Analysis of natural RNAs, as well as in vitro and computational studies, show that certain RNA structural motifs are much more abundant than others, pointing out a complex relation between sequence and structure. Within this framework, we have investigated computationally the structural properties of a large pool (10 molecules) of single-stranded, 35 nt-long, random RNA sequences. The secondary structures obtained are ranked and classified into structure families. The number of structures in main families is analytically calculated and compared with the numerical results. This permits a quantification of the fraction of structure space covered by a large pool of sequences. We further show that the number of structural motifs and their frequency is highly unbalanced with respect to the nucleotide composition: simple structures such as stem-loops and hairpins arise from sequences depleted in G, while more complex structures require an enrichment of G. In general, we observe a strong correlation between subfamilies-characterized by a fixed number of paired nucleotides-and nucleotide composition. Our results are compared to the structural repertoire obtained in a second pool where isolated base pairs are prohibited. © 2008 Elsevier Ltd. All rights reserved.

Analogous Reasoning and Case-based Reasoning for Intelligent Decision Support Systems

Methods of analogous reasoning and case-based reasoning for intelligent decision support systems are considered. Special attention is drawn to methods based on a structural analogy that take the context into account. This work was supported by RFBR (projects 02-07-90042, 05-07-90232).

Készpénz optimalizálás GLPK program használatával (Cash flow management with GLPK software)

A készpénz-optimalizálás az operációkutatás régóta kutatott területe. Ebben a cikkben valós adatokon mutatok be egy banki készpénz-optimalizálást, melyet lineáris programozási feladatok segítségével végeztem el. A cikkben összehasonlítottam a determinisztikus és a sztochasztikus megközelítéseket is. A hagyományos készpénz-optimalizáción két területen léptem túl: egyrészt vizsgáltam a bankfiók valutagazdálkodását is, másrészről a bankfiókok közötti készpénzszállítás lehetőségét is. A vegyes egészértékű lineáris programozási feladatok megoldására a glpk nevű szabad hozzáférésű szoftvert használtam, így a cikkből képet kaphatunk a megoldó (solver) felhasználhatóságáról és korlátairól is. ___________ In recent years both operational research and quantitative ¯nance have paid much attention to cash management issues. In this paper we present a cash management study which is based on real world data and uses a mixed integer linear programming (MILP) model as the main tool. In the paper we compare deterministic and stochastic approaches. The classical cash management problem is extended in two ways: we considered the possibility of bank offices keeping more than one currency and also investigated the opportunity of cash transports between bank offices. The MILP problem was solved with glpk (GNU Linear Programming Kit), a free software. The reader can also get a feel of how to use this solver.

"Alfák és béták". Vita a népesség, a foglalkoztatás és a nyugdíj összefüggéseiről

A Közgazdasági Szemle a Nemzeti Fejlesztési Hivatal által támogatott Aktív társadalom rendezvénysorozat keretében 2005. február 10-én vitát rendezett a Corvinus Egyetemen Népesség, foglalkoztatás és nyugdíj címmel. A zsúfolásig megtelt nagy tanácsterem már a kezdés előtt izgalmas délutánt ígért, és akik eljöttek – a téma neves szakértői, akadémiai kutatók, egyetemi oktatók, újságírók és diákok, közel nyolcvanan –, nem is csalatkoztak ebben.

The relationship of immigrant status to perceptions of reading and reading literacy among young Black students: A test of the Cultural -Ecological Theory of School Performance

This study tests Ogbu and Simons' Cultural-Ecological Theory of School Performance using data from the Progress in International Reading Literacy Study of 2001 (PIRLS), a large-scale international survey and reading assessment involving fourth grade students from 35 countries, including the United States. This theory argues that Black immigrant students outperform their non-immigrant counterparts, academically, and that achievement differences are attributed to stronger educational commitment in Black immigrant families. Four hypotheses are formulated to test this theory: Black immigrant students have (a) more receptive attitudes toward reading; (b) a more positive reading self-concept; and (c) a higher level of reading literacy. Furthermore, (d) the relationship of immigrant status to reading perceptions and literacy persists after including selected predictors. These hypotheses are tested separately for girls and boys, while also examining immigrant students' generational status (i.e., foreign-born or second-generation). ^ PIRLS data from a subset of Black students (N=525) in the larger U.S. sample of 3,763 are analyzed to test the hypotheses, using analysis of variance, correlation and multiple regression techniques. Findings reveal that hypotheses a and b are not confirmed (contradicting the Cultural-Ecological Theory) and c and d are partially supported (lending partial support to the theory). Specifically, immigrant and non-immigrant students did not differ in attitudes toward reading or reading self-concept; second-generation immigrant boys outperformed both non-immigrant and foreign-born immigrant boys in reading literacy, but no differences were found among girls; and, while being second-generation immigrant had a relatively stronger relationship to reading literacy for boys, among girls, selected socio-cultural predictors, number of books in the home and length of U.S. residence, had relatively stronger relationship to reading self-concept than did immigrant status. This study, therefore, indicates that future research employing the Cultural-Ecological Theory should: (a) take gender and generational status into account (b) identify additional socio-cultural predictors of Black children's academic perceptions and performance; and (c) continue to build on this body of evidence-based knowledge to better inform educational policy and school personnel in addressing needs of all children. ^

The Beacon, April 2, 2010

Vol. 22, Issue 77, 8 pages

Physical oceanography during POLARSTERN cruise ARK-XIX/4b

Exchanges between the North Atlantic and the Arctic Ocean result in the most dramatic water mass conversions in the World Ocean: warm and saline Atlantic waters, flowing through the Nordic Seas into the Arctic Ocean, are modified by cooling, freezing and melting to become shallow fresh waters, ice and saline deep waters. The outflow from the Nordic Seas to the south provides the initial driving of the global thermohaline circulation cell. Knowledge of these fluxes and understanding of the modification processes is a major prerequisite for the quantification of the rate of overturning within the large circulation cells of the Arctic and the Atlantic Oceans, and is also a basic requirement for understanding the role of these ocean areas in climate variability on interannual to decadal time scales. The Fram Strait represents the only deep connection between the Arctic Ocean and the Nordic Seas. Just as the freshwater transport from the Arctic Ocean is of major influence on convection in the Nordic Seas and further south, the transport of warm and saline Atlantic water affects the water mass characteristics in the Arctic Ocean which has consequences for the internal circulation and possibly influences also ice and atmosphere. The West Spitsbergen Current carrying Atlantic Water northward. The East Greenland Current, carrying water from the Arctic Ocean southwards has a concentrated core above the continental slope. It is our aim to measure the oceanic fluxes through Fram Strait and to determine their variability in seasonal to decadal time scales. 53 CTD profiles were taken at 51 stations. Two CTD systems from Sea-Bird Electronics Inc SBE911+ were used. Mainly SN 561 with duplicate T and C sensors (temperature sensors SBE3, SN 2685 and 2678, conductivity sensors SBE4, SN 2325 and 2618 and pressure sensor Digiquartz 410K-105 SN 75659) was in service. For the control of the temperature sensors a SBE35 RT digital reversing thermometer, SN 27 was applied. The CTD was connected to a SBE32 Carousel Water Sampler, SN 273 (24 12-liter bottles). For 3 CTD-Stations (726-3, 727-1, 728-1) the Sea-Bird 911+ probe SN 485 was used with temperature sensor SBE3 SN 2460, conductivity sensor SBE4 SN 2054, pressure sensor Digiquartz 410K SN 68997 and the SBE32 Carousel Water Sampler SN 202. Additionally Benthos Altimeters Model 2110-2, SN 189 and SN 208 and Wetlabs C-Star Transmissiometers SN 403 and SN 267 were mounted on the carousels. During the cruise a total number of 184 water samples were analysed with a Guildline Autosal 8400B salinometer, and IAPSO standard seawater batch number P141, K=0.99993. 20 salinity samples were brought back to AWI for onshore analysis. The CTD sensors were calibrated before and after the cruise by Sea-Bird Electronics.

Downwelling spectral irradiance as measured in different depths, remote sensing reflectance and phytoplankton pigment concentration during POLARSTERN cruises ANT-XXIV/1, ANT-XXIV/4, ANT-XXVI/4 and Maria S. Merian cruise MSM18/3

The composition and abundance of algal pigments provide information on phytoplankton community characteristics such as photoacclimation, overall biomass and taxonomic composition. In particular, pigments play a major role in photoprotection and in the light-driven part of photosynthesis. Most phytoplankton pigments can be measured by high-performance liquid chromatography (HPLC) techniques applied to filtered water samples. This method, as well as other laboratory analyses, is time consuming and therefore limits the number of samples that can be processed in a given time. In order to receive information on phytoplankton pigment composition with a higher temporal and spatial resolution, we have developed a method to assess pigment concentrations from continuous optical measurements. The method applies an empirical orthogonal function (EOF) analysis to remote-sensing reflectance data derived from ship-based hyperspectral underwater radiometry and from multispectral satellite data (using the Medium Resolution Imaging Spectrometer - MERIS - Polymer product developed by Steinmetz et al., 2011, doi:10.1364/OE.19.009783) measured in the Atlantic Ocean. Subsequently we developed multiple linear regression models with measured (collocated) pigment concentrations as the response variable and EOF loadings as predictor variables. The model results show that surface concentrations of a suite of pigments and pigment groups can be well predicted from the ship-based reflectance measurements, even when only a multispectral resolution is chosen (i.e., eight bands, similar to those used by MERIS). Based on the MERIS reflectance data, concentrations of total and monovinyl chlorophyll a and the groups of photoprotective and photosynthetic carotenoids can be predicted with high quality. As a demonstration of the utility of the approach, the fitted model based on satellite reflectance data as input was applied to 1 month of MERIS Polymer data to predict the concentration of those pigment groups for the whole eastern tropical Atlantic area. Bootstrapping explorations of cross-validation error indicate that the method can produce reliable predictions with relatively small data sets (e.g., < 50 collocated values of reflectance and pigment concentration). The method allows for the derivation of time series from continuous reflectance data of various pigment groups at various regions, which can be used to study variability and change of phytoplankton composition and photophysiology.

Decoupling of Greenhouse Gas Emissions from Global Agricultural Production : 1970 - 2050

This article is protected by copyright. All rights reserved. Acknowledgements We thank Tamara Ben-Ari and Jean-Francois Soussana, from INRA in France, for their valuable contributions to the early development stage of this project. We also owe great acknowledge to Prof. Ib Skovgaard, University of Copenhagen, for giving essential assistance in developing the methods for decomposing emission changes. We also thank the Centre for Regional Change in the Earth System (CRES, www.cres-centre.dk) and the Department of Plant- and Environmental Sciences, University of Copenhagen, for funding the work.

Increasing the quality of seismic interpretation

Euan Macrae was funded by a NERC Open CASE PhD award (NE/F013728/1) with Midland Valley Exploration Ltd. as the industry partner. We thank the 763 geoscientists for their participation, and in particular, the reference experts who gave their time freely to the project. Marian Scott (University of Glasgow, UK) is thanked for assisting with the statistical analysis. Four reviewers are thanked for their constructive comments which improved the manuscript.

Mecanismos de neurotoxicidade induzidos pela Dopamina e pela 6–OH-dopamina num modelo celular humano: efeito da presença de extratos de algas com elevada capacidade antioxidante

O aumento da esperança média de vida tem elevado a prevalência de doenças neurodegenerativas, como é o caso da doença de Parkinson. Nos últimos anos a procura de novas soluções terapêuticas, assim como a minimização dos efeitos dos tratamentos atualmente utilizados tem promovido a procura de novas soluções. Deste modo, o objetivo deste trabalho consistiu no estudo dos mecanismos moleculares de neurotoxicidade induzidos pela dopamina (DA) e 6-hidroxidopamina (6-OHDA) num modelo celular do neuroblastoma humano (SH-SY5Y), bem como na avaliação do potencial neuroprotetor de extratos de algas com elevada capacidade antioxidante. O efeito neurotóxico da DA e 6-OHDA, assim como o efeito protetor dos extratos das algas com maior atividade antioxidante (Sargassum muticum, Saccorhiza polyschides, Padina pavonica, Codium tomentosum, Ulva compressa) foi avaliado através da viabilidade celular das células SH-SY5Y utilizando o método de MTT. De modo a compreender os efeitos induzidos na viabilidade celular pela DA e 6-OHDA procedeu-se ao estudo da atividade da caspase-3, alterações do potencial mitocondrial e quantificação de H2O2. Os resultados demonstraram um claro efeito dependente da concentração da DA (30-3000μM) e 6-OHDA (10-1000μM) na viabilidade celular das células SH-SY5Y, bem como do tempo de exposição (6-48h). No que diz respeito a prevenção do efeito neurotóxico da DA (1000μM (56,41±5,05% de células viáveis); 24h) e 6-OHDA (100μM (66,76±3,24% de células viáveis);24h) pelos extratos das algas (1mg/mL; 24h) verificou-se que os extratos que apresentaram um efeito preventivo mais marcado pertencem as algas Sargassum muticum (82,37±6,41% de células viáveis e 115,8±8,53% de células viáveis, após tratamento com DA e 6-OHDA, respetivamente), Saccorhiza polyschides (89,26±8,62% de células viáveis e 106,51±4,26% de células viáveis, após tratamento com DA e 6-OHDA, respetivamente) e Codium tomentosum (81,28±3,68% de células viáveis e 103,17±7,25% de células viáveis, após tratamento com DA e 6-OHDA, respetivamente). A morte celular induzida pela DA e pela 6-OHDA foi acompanhada pelo aumento da atividade da caspase-3 quando comparado com o controlo (DA - 66,46±1,49fluorescência (u.a)/mg de proteína/minuto; 6-OHDA - 22,56±1,71fluorescência (u.a)/mg de proteína/minuto; controlo – 4,8 ±0,48fluorescência (u.a)/mg de proteína/minuto), pela presença de elevadas quantidades de peróxido de hidrogénio (H2O2) (363,81±28,58 % do controlo e 214,26 ± 8,46 % do controlo, após tratamento com DA e 6-OHDA, respetivamente) e pela despolarização da membrana mitocondrial (162,3±2,34 % do controlo e 144,7±2,87 % do controlo, após tratamento com DA e 6-OHDA, respetivamente). Por sua vez, durante o tratamento com extratos das algas (1mg/mL) na presença de DA e 6-OHDA verificou-se uma inibição da atividade da caspase-3 induzida pelas algas Sargassum muticum (2,53±2,49fluorescência (u.a)/mg de proteína/minuto e 4,52±1,36 fluorescência (u.a)/mg de proteína/minuto, após tratamento com DA e 6-OHDA, respetivamente), Saccorhiza polyschides (4,71±0,70fluorescência (u.a.)/mg de proteína/minuto e 2,73±1,11 fluorescência (u.a.)/mg de proteína/minuto, após tratamento com DA e 6-OHDA, respetivamente) e Codium tomentosum (17,05±1,72fluorescência (u.a.)/mg de proteína/minuto e 2,58±1,77fluorescência (u.a)/mg de proteína/minuto, após tratamento com DA e 6-OHDA, respetivamente). De igual modo verificou-se uma diminuição da produção de H2O2 pelas células SH-SY5Y na presença dos extratos das algas Sargassum muticum (132,58 ± 10,68% controlo), Saccorhiza polyschides (150,54 ± 23,54% controlo) e Codium tomentosum (54,074 ± 6,66% do controlo), quando expostas a 6-OHDA, contudo não se verificou o mesmo efeito na presença de DA. Relativamente ao potencial mitocondrial observou-se uma inibição da despolarização mitocondrial induzida pela DA e 6-OHDA nas células SH-SY5Y pela presença dos extratos das algas Sargassum muticum (135,7±2,97% controlo e 49,3±1,17% controlo, após tratamento com DA e 6-OHDA, respetivamente), Saccorhiza polyschides (126,7±5,46% controlo e 94,3±1,70% controlo, após tratamento com DA e 6-OHDA, respetivamente). Os resultados obtidos demonstraram o potencial citoprotetor dos extratos de algas sobre efeitos neurotóxicos induzidos pela DA e 6-OHDA no modelo celular SH-SY5Y. O efeito protetor é mediado pela diminuição da condição de stress oxidativo, com redução da produção de H2O2, diminuição da atividade da caspase-3 e prevenção da alteração do potencial mitocondrial induzido pela DA e 6-OHDA. Conclui-se que os extratos de algas produzem moléculas bioativas com elevado potencial antioxidante, podendo ser uma fonte promissora de novos compostos neuroprotetores com aplicação terapêutica para doenças neurodegenerativas como a doença de Parkinson.

Seawater carbonate chemistry and biological processes of Amphisorus hemprichii, Amphisorus kudakajimensis and Calcarina gaudichaudii during experiments, 2011

Ocean acidification, which like global warming is an outcome of anthropogenic CO2emissions, severely impacts marine calcifying organisms, especially those living in coral reef ecosystems. However, knowledge about the responses of reef calcifiers to ocean acidification is quite limited, although coral responses are known to be generally negative. In a culture experiment with two algal symbiont-bearing, reef-dwelling foraminifers, Amphisorus kudakajimensis and Calcarina gaudichaudii, in seawater under five different pCO2 conditions, 245, 375, 588, 763 and 907 µatm, maintained with a precise pCO2-controlling technique, net calcification of A. kudakajimensis was reduced under higher pCO2, whereas calcification of C. gaudichaudii generally increased with increased pCO2. In another culture experiment conducted in seawater in which bicarbonate ion concentrations were varied under a constant carbonate ion concentration, calcification was not significantly different between treatments in Amphisorus hemprichii, a species closely related to A. kudakajimensis, or in C. gaudichaudii. From these results, we concluded that carbonate ion and CO2 were the carbonate species that most affected growth ofAmphisorus and Calcarina, respectively. The opposite responses of these two foraminifer genera probably reflect different sensitivities to these carbonate species, which may be due to their different symbiotic algae.