Testing the long-run implications of the expectation hypothesis using cointegration techniques with structural change

This paper investigates whether or not multivariate cointegrated process with structural change can describe the Brazilian term structure of interest rate data from 1995 to 2006. In this work the break point and the number of cointegrated vector are assumed to be known. The estimated model has four regimes. Only three of them are statistically different. The first starts at the beginning of the sample and goes until September of 1997. The second starts at October of 1997 until December of 1998. The third starts at January of 1999 and goes until the end of the sample. It is used monthly data. Models that allows for some similarities across the regimes are also estimated and tested. The models are estimated using the Generalized Reduced-Rank Regressions developed by Hansen (2003). All imposed restrictions can be tested using likelihood ratio test with standard asymptotic 1 qui-squared distribution. The results of the paper show evidence in favor of the long run implications of the expectation hypothesis for Brazil.

Larval competition for patchy resources in Chrysomya megacephala (Dipt., Calliphoridae): implications of the spatial distribution of immatures

In the present study, a single procedure was established to investigate the effect of the spatial distribution of immatures in patchy resources, on the outcome of larval competition for food. in experimental populations of Chrysomya megacephala. A theoretical model of intraspecific competition was extended and applied to experimental data on survival to adulthood for 20 larval densities, to obtain the theoretical mean number of individuals that will survive, considering a hypothetical previous random adult oviposition in a system of homogeneous patches. The survival curve obtained suggests that the larval competition for food in C. megacephala is of the scramble/exploitative type, which corroborates results from previous studies, although the latter did not consider the correlation between local and global abundances. The present model allows that experimental data could be perfectly applicable, and it incorporates fundamental assumptions about the spatial context of competition for patchy resources in blowflies, and may be applied to the optimization of mass rearing techniques and to the maintenance of insect colonies under experimental conditions.

Teleparallel equivalent of the Kaluza-Klein theory

Relying upon the equivalence between a gauge theory for the translation group and general relativity, a teleparallel version of the original Kaluza-Klein theory is developed. In this model, only the internal space (fiber) turns out to be five dimensional, spacetime being kept always four dimensional. A five-dimensional translational gauge theory is obtained which unifies, in the sense of Kaluza-Klein theories, gravitational and electromagnetic interactions. ©2000 The American Physical Society.

Implications of the shift in United States farm policy

Includes bibliography

Draft annual report of the Commission: statement by the Executive Secretary on the preliminary financial implications of the programme of work

Includes bibliography

Atividade e sentido: análise de propostas de trabalho em língua portuguesa para as 5ªs e 6ªs séries do ensino fundamental

Pós-graduação em Educação - FFC

O raciocínio lógico e a criatividade na resolução de problemas matemáticos no ensino médio

Pós-graduação em Educação - FFC

Issues, effects and implications of the Free Trade Area of the Americas (FTAA) Agreement for CARICOM economies

Includes bibliography

The future of trade and transport facilitation: implications of the WTO Trade Facilitation Agreement

This FAL Bulletin analyses the implications for transport infrastructure services in the region of the future Trade Facilitation Agreement (TFA) concluded under the auspices of the World Trade Organization (WTO). Particular attention is given to the role of transport ministries in facilitating international trade and the concrete obligations and opportunities that will arise with the WTO Agreement.