EU Accession and FDI inflows : The cases of the Czech Republic and Slovakia

Central and East European countries have faced a difficult process of transition since the dissolution of the Soviet bloc. Ten transition countries (Hungary, Poland, teh Czech Republic, Slovakia, Slovenia, Lithuania, Latvia, Estonia, Bulgaria and Romania have chosen to join the EU and have moulded their transition reforms to ensure the compliance of their legal and institutional framework with EU requirements. The high levels of FDI attracted by the candidate countries for EU membership had been attributed to rapid transition of the countries aiming to join the European Union and the fact that favourable evaluations by EU authorities of the progress made by the candidates had a large impact on improving investor confidence. The aim of this paper is to investigate the reform strategies of the Czech Republic and Slovakia undertaken when the countries were preparing for EU membership and the dynamics of FDI inflows into these economies. Subsequently a comparative analysis of FDI stocks in these countries is conducted. We find that both countries faced similar economic challenges in implementing structural and institutional reforms. In accordance with EU requirements the Czech Republic and Slovakia have perfected their legal and institutional framework, increased the authority of regulatory and supervisory bodies and focused on implementation of new or amended legislation. During the period of the analysis (1998 - 2007) the Czech Republic and Slovakia have attracted increasing amounts of FDI. Comparative analysis in terms of important determinants of FDI reveals further similar features: macroeconomic stability; an open and liberalised market; low labour costs compared to EU-15 and a similar breakdown of FDI inflows by investor country. Consequently, the fact that the Czech Republic received much larger volumes of net FDI inflows could be attributed to the difference in market size between the two states. This conclusion is consistent with previous empirical studies that list market size among the main determinants of FDI. However, when we look at FDI as a percentage of GDP the evidence is more mixed. In 2004 - 2007, Slovakia has surpassed the Czech Republic twice. Whether this tendency will persist remains to be seen. The analysis in this paper based on empirical data. However, the choice of the method, namely case studies and comparative analysis, means that the conclusions of this study are theoretical and remain to be further tested in quantitative models.

Identification of miRNAs from French bean (Phaseolus vulgaris) under low nitrate stress

Objective: In this study, we report the role of miRNAs involved under nitrogen starvation from widely grown vegetable crop, French bean. In recent years, a great deal of attention has been paid to the elucidation of miRNAs involved in low nitrate stress. Methods: To identify miRNAs expressed under stress, cDNA libraries were analyzed. Results: We reported the nine potential miRNAs with 67 targets involved in nutrient transporters and other stress specific genes. Among the miRNA sequences obtained 6 sequences belong to miR172 family, one with miR169. RT-PCR analysis of expression of miR172 family was induced upon low nitrate stress while miR169 family was repressed. In addition, Pvu-SN7b and Pvu-miR16 may be new members of miRNA172 and miR169 families, respectively. Conclusion: The targets of Pvu-SN7b were major protein kinases, one among which is the Protein Kinase CK2. CK2 Kinase is found to involve in transcription-directed signaling, gene control and cell-cycle regulation. Other targets of Pvu-SN7b were involved in DNA-dependent transcription regulation, photo-periodism, calcium-mediated signaling. Pvu-miR16 targets Thymidine kinase, the key enzyme of deoxy-nucleotide synthesis. The cleavage of these targets affects cell proliferation there by affecting nodule formation. Pvu-miR8 inhibits translation of its target protein Pre-protein translocase, a membrane-bound protein transporter involved in trans-membrane protein transportation. Together these results denote the response and role of miRNAs to nitrate-limiting conditions in French bean.

Iberoamérica de reojo en la visión de Tocqueville

Resumen: La democracia en América de Alexis de Tocqueville contiene una teoría de las causas de la república democrática anglosajona en el norte del continente que se entremezcla con la explicación de los factores de la prosperidad norteamericana. A lo largo del libro el autor francés formula una serie de observaciones dispersas sobre los países del Nuevo Mundo colonizados por España y Portugal. El artículo analiza sistemáticamente estas observaciones, de manera de reconstruir la teoría comparativa del desarrollo económico de ambas regiones culturales, en parte esbozada y en parte implícita en este libro de Tocqueville. La revisión del peso relativo de a) las leyes, b) las costumbres y c) lo que Tocqueville llama circunstancias o causas accidentales en el desarrollo de la república democrática y su prosperidad, descubre inconsistencias de interés para quienes desean comprender las causas del atraso material de Iberoamérica respecto de Angloamérica.

Annual report 2003 - North Pacific Marine Science Organization (PICES). Twelfth meeting, Seoul, Republic of Korea, October 9-18, 2003

Report of Opening Session (pdf 58 KB) Report of Governing Council Meeting (pdf 244 KB) Report of 2003 interim Governing Council meeting Tenth Anniversary PICES Organization Review Report of the Finance and Administration Committee (pdf 102 KB) 2002 Auditor's report to the Organization Review of PICES Publication Program Reports of Science Board and Committees: Science Board/Governing Council interim meeting (pdf 81 KB) Science Board (pdf 95 KB) Study Group on PICES Capacity Building Biological Oceanography Committee (pdf 65 KB) Advisory Panel on Micronekton sampling gear intercalibration experiment Advisory Panel on Marine birds and mammals Fishery Science Committee (pdf 41 KB) Working Group 16 on Climate change, shifts to fish production, and fisheries management Marine Environmental Quality Committee (pdf 76 KB) Working Group 15 on Ecology of Harmful Algal Blooms (HABs) in the North Pacific Physical Oceanography and Climate Committee (pdf 70 KB) Working Group 17 on Biogeochemical data integration and synthesis Advisory Panel on North Pacific Data Buoy Technical Committee on Data Exchange (pdf 32 KB) Implementation Panel on the CCCC Program (pdf 64 KB) Nemuro Experimental Planning Team (NEXT) BASS Task Team (pdf 35 KB) Advisory Panel on Iron Fertilization Experiment MODEL Task Team (pdf 29 KB) MONITOR Task Team (pdf 30KB) REX Task Team (pdf 25 KB) Documenting Scientific Sessions (pdf 164 KB) List of Participants (pdf 60 KB) List of Acronyms (pdf 21 KB)

Annual report 2002 - North Pacific Marine Science Organization (PICES). Eleventh meeting, Qingdao, People's Republic of China, October 18-16, 2002

Report of Opening Session (pdf 51 KB) Report of Governing Council Meeting(pdf 136 KB) Report of the Finance and Administration Committee (pdf 48 KB) Reports of Science Board and Committees: Science Board (pdf 71 KB) Biological Oceanography Committee (pdf 66 KB) Working Group 14: Effective sampling of micronekton Marine Birds and Mammals Advisory Panel Fishery Science Committee (pdf 36 KB) Working Group 16: Climate change, shifts to fish production, and fisheries management Marine Environmental Quality Committee (pdf 39 KB) Working Group 15: Ecology of Harmful Algal Blooms (HABs) in the North Pacific Physical Oceanography and Climate Committee (pdf 49 KB) North Pacific Data Buoy Advisory Panel Working Group 17: Biogeochemical data integration and synthesis Technical Committee on Data Exchange (pdf 29 KB) Implementation Panel on the CCCC Program (pdf 43 KB) BASS Task Team (pdf 30 KB) Iron Fertilization Experiment Advisory Panel MODEL Task Team (pdf 28 KB) MONITOR Task Team (pdf 34 KB) Summary of Continuous Plankton Recorder activities in 2002 REX Task Team (pdf 21 KB) Documenting Scientific Sessions (pdf 140 KB) List of Participants (pdf 59 KB) List of Acronyms (pdf 21 KB)

Annual report 1997 - North Pacific Marine Science Organization (PICES). Sixth meeting, Pusan, Republic of Korea, October 14-26, 1997

Proceedings of the Sixth Annual Meeting Agenda Report of Opening Session Report of Governing Council Meetings Reports of Science Board and Committees Science Board Handbook of Guidelines Working Group 9: Subarctic Pacific Monitoring Report of the Study Group on Communications Biological Oceanography Committee Working Group 11: Consumption of Marine Resources by Marine Birds and Mammals Fishery Science Committee Working Group 12: Crabs and Shrimps Marine Environmental Quality Committee Working Group 8: Practical Assessment Methodology Physical Oceanography and Climate Committee Working Group 10: Circulation and Ventilation in the Japan Sea /East Sea and its Adjacent Areas Technological Committee on Data Exchange Implementation Panel on the CCCC Program Finance and Administration Report of Finance and Administration Committee Assets on 31st of December, 1996 Income and Expenditures for 1996 Budget for 1998 Composition of the Organization Officers, Delegates, Finance and Administration Committee, Science Board, Secretariat, Scientific and Technical Committees List of Participants List of Acronyms (Document has 142 pages.)

Annual report 1995 - North Pacific Marine Science Organization (PICES). Fourth meeting, Qingdao, People's Republic of China, October 16-24, 1995

Report of Opening Session Report of Governing Council Meetings Reports of Science Board and Committees: Science Board Biological Oceanography Committee Fishery Science Committee Marine Environmental Quality Committee Physical Oceanography and Climate Committee Technological Committee on Data Exchange Finance and Administration: Report of the Finance and Administration Committee Assets on 31st of December, 1994 Income and Expenditures for 1994 Budget for 1996 Composition of the Organization List of Participants List of Acronyms (Document has 96 pages.)

80 C 146 U.S. Aeroplane carrier "Saratoga" and French cruiser "Joan D'Arc" in Pedro Miguel Lock - Panama Canal - 2/7/28

Leonard Carpenter Panama Canal Collection. Photographs: Views of Panama and the Canal. [Box 1] from the Special Collections & Area Studies Department, George A. Smathers Libraries, University of Florida.

PICES Climate Change and Carrying Capacity Workshop on the Development of Cooperative Research in Coastal Regions of the North Pacific, October 17-18, 1997, Pusan, Republic of Korea

(PDF contains 53 pages)

Analysis of volatility transmissions in integrated and interconnected markets: The case of the Iberian and French markets

This paper models the mean and volatility spillovers of prices within the integrated Iberian and the interconnected Spanish and French electricity markets. Using the constant (CCC) and dynamic conditional correlation (DCC) bivariate models with three different specifications of the univariate variance processes, we study the extent to which increasing interconnection and harmonization in regulation have favoured price convergence. The data consist of daily prices calculated as the arithmetic mean of the hourly prices over a span from July 1st 2007 until February 29th 2012. The DCC model in which the variances of the univariate processes are specified with a VARMA(1,1) fits the data best for the integrated MIBEL whereas a CCC model with a GARCH(1,1) specification for the univariate variance processes is selected to model the price series in Spain and France. Results show that there are significant mean and volatility spillovers in the MIBEL, indicating strong interdependence between the two markets, while there is a weaker evidence of integration between the Spanish and French markets. We provide new evidence that the EU target of achieving a single electricity market largely depends on increasing trade between countries and homogeneous rules of market functioning.