The Effect of Product Classifications on the Formulation of Export Unit Value Indices: A Comparison of Export Unit Value Indices based on SITC and HS

With the globalization of economic activity, the relative weight of foreign trade in national economic activities has increased, and the question of how to measure trends in the value and quantity of international trade has become an important issue for policy-makers and economists. This paper compares the chain-linked indices formulated by Masato Kuroko, based on HS this fiscal year for individual industry categories and countries with chain-linked indices based on SITC-R1 codes, in order to study how changes in the quality composition of the same products, which cannot be considered using unit value indices based on SITC-R1 codes, can be considered using unit value indices based on the more detailed HS product classifications.

1920 assessments : Unit value maps of Cleveland, East Cleveland, Lakewood & Cleveland Heights,

Title from cover.

Purchasing power parity: the choice of price index

Looking closely at the PPP argument, it states that the currencies purchasing power should not change when comparing the same basket goods across countries, and these goods should all be tradable. Hence, if PPP is valid at all, it should be captured by the relative price indices that best Öts these two features. We ran a horse race among six di§erent price indices available from the IMF database to see which one would yield higher PPP evidence, and, therefore, better Öt the two features. We used RER proxies measured as the ratio of export unit values, wholesale prices, value added deáators, unit labor costs, normalized unit labor costs and consumer prices, for a sample of 16 industrial countries, with quarterly data from 1975 to 2002. PPP was tested using both the ADF and the DFGLS unit root test of the RER series. The RER measured as WPI ratios was the one for which PPP evidence was found for the larger number of countries: six out of sixteen when we use DF-GLS test with demeaned series. The worst measure of all was the RER based on the ratio of foreign CPIs and domestic WPI. No evidence of PPP at all was found for this measure.

Revisiting the determinants of unit values

This paper studies the issue of how traded quantities affect trade prices, which has been relatively unexplored in the trade literature. By reproducing previous literatures' regressions which are based on the general equilibrium trade theories, incorporating the role of traded quantities, this paper shows a possibility of prevalence of the second degree price discrimination (quantity discount) in international trade, rather than the pricing behaviour of the general equilibrium theories.

Product quality and intra-industry trade

In this study, we argue that the conventional intra-industry trade (IIT) index does not address the quality issue directly and propose a methodology to make full use of unit-price gap information to deduce quality differences between simultaneously exported and imported products. By applying this measure to German trade data at the eight-digit level, we study the quality improvement of Chinese export goods in its IIT with Germany. We compare the case of China with those of Eastern European countries, which are also major trading partners of Germany. Our results show that the unit-value difference in IIT between Germany and Eastern European countries is clearly narrowing. However, China's export prices to Germany are much lower than Germany's export prices to China, and this gap has not narrowed over the last 23 years. This is at odds with the common perception that China's product quality has improved, as documented by Rodrik (2006) and Schott (2008). Our results support Xu (2010), which argued that incorporating the quality aspect of the exported goods weakens or even eliminates the evidence of the sophistication of Chinese export goods in Rodrik (2006).

Unit Values of Agricultural Products, 1985-1993. 1995

Developing unit value statistics for agricultural products forms part of the restructuring of agricultural price statistics in absolute values; it constitutes a supplementary statistical instrument in this restructuring. Supplying further information on the characteristics of the changes in value of agricultural products other than the price components as such (and the variations in physical quantities), brings one closer to the economic parameters measured and recorded in the Economic Accounts for Agriculture. Since these parameters are used in economic analyses - and, more particularly, in modelling - it also appeared appropriate to establish time series for the corresponding quantities marketed. See p. 13 for more information.

Join The Moment Transitários, S.A: relatório de estágio no departamento de operações

Apresentado ao Instituto de Contabilidade e Administração do Porto para a obtenção do grau de Mestre em Empreendedorismo e Internacionalização, sob orientação da Doutora Maria Clara Pinto Ribeiro

Alcohol countdown

This small card provides information on the recommended safe limits of alcohol for men and women. It also provides information on the alcohol unit value of popular types of beverages, eg wine, beer and cider.

SYNGAS PRODUCTION FROM CO2-REFORMING OF CH4 OVER SOL-GEL SYNTHESIZED Ni-Co/Al2O3-MgO-ZrO2 NANOCATALYST: EFFECT OF ZrO2 PRECURSOR ON CATALYST PROPERTIES AND PERFORMANCE

Ni-Co/Al2O3-MgO-ZrO2 nanocatalyst with utilization of two different zirconia precursors, namely, zirconyl nitrate hydrate (ZNH) and zirconyl nitrate solution (ZNS), was synthesized via the sol-gel method. The physiochemical properties of nanocatalysts were characterized by XRD, FESEM, EDX, BET and FTIR analyses and employed for syngas production from CO2-reforming of CH4. XRD patterns, exhibiting proper crystalline structure and homogeneous dispersion of active phase for the nanocatalyst ZNS precursor employed (NCAMZ-ZNS). FESEM and BET results of NCAMZ-ZNS presented more uniform morphology and smaller particle size and consequently higher surface areas. In addition, average particle size of NCAMZ-ZNS was 15.7 nm, which is close to the critical size for Ni-Co catalysts to avoid carbon formation. Moreover, FESEM analysis indicated both prepared samples were nanoscale. EDX analysis confirmed the existence of various elements used and also supported the statements made in the XRD and FESEM analyses regarding dispersion. Based on the excellent physiochemical properties, NCAMZ-ZNS exhibited the best reactant conversion across all of the evaluated temperatures, e.g. CH4 and CO2 conversions were 97.2 and 99% at 850 ºC, respectively. Furthermore, NCAMZ-ZNS demonstrated a stable yield with H2/CO close to unit value during the 1440 min stability test.

Taux quotidiens d’inhalation et paramètres cardio-pulmonaires chez l’humain selon les données publiées en rapport au double marquage des molécules d’eau pour l’analyse du risque

L’objectif de cette étude est de déterminer certains paramètres respiratoires et cardiovasculaires chez des sujets de tous âges pour utilisation, à titre d’intrants physiologiques, en modélisation toxicocinétique et en analyse du risque toxique. La base de données utilisée est tirée de la littérature. Il s’agit de mesures portant sur la dépense d’énergie quotidienne de base et la dépense d’énergie quotidienne de totale obtenues, l’une par calorimétrie indirecte, l’autre par double marquage isotopique des molécules d’eau. Selon le type d’unité retenu, les valeurs les plus élevées au 99e centile des taux quotidiens d’inhalation sont obtenues chez des adolescentes et des femmes âgées de 11 à 55 ans souffrant d’embonpoint ou d’obésité, durant leur 36e semaine de grossesse (47,31 m³/jour), ainsi que chez des garçons de poids corporel normal âgés de 2,6 à moins de 6 mois (1,138 m³/kg-jour) et de 10 à moins de 16,5 ans (22,29 m³/m²-jour). Chez les enfants et les adolescents de poids corporel normal âgés de 5 à moins de 16.5 ans, les valeurs pour l’écart entre le 2,5e au 99e centile sont généralement plus élevées que celles obtenues chez les sujets plus âgés : taux de ventilation minute, 0,132 à 0,774 L/kg-min ou 4,42 à 21,69 L/m²-min versus 0,076 à 0,461 L/kg-min ou 2,80 à 16,99 L/m²-min; taux de ventilation alvéolaire, 0,093 à 0,553 L/kg-min ou 3,09 à 15,53 L/m²-min versus 0,047 à 0,312 L/kg-min ou 1,73 à 11,63 L/m²-min; débit cardiaque, 0,065 à 0,330 L/kg-min ou 2,17 à 9,46 L/m²-min versus 0,045 à 0,201 L/kg-min ou 1,63 à 7,24 L/m²-min; ratio de ventilation-perfusion, 1,12 à 2,16 versus 0,78 à 2,40. Il faut conclure que les apports inhalés en polluants, exprimés en ug/kg-min ou ug/m²-min sont plus élevés chez les enfants que chez les sujets plus âgés pour des concentrations d’exposition comparables. D’autres données montrent qu’il en est de même pour les apports inhalés par unité de poids corporel chez les femmes enceintes et les femmes qui allaitent par rapport à des sujets males d’âge comparable. L’ensemble des résultats obtenus suggère notamment que les valeurs des NOAELH de Santé Canada pourraient être abaissées par un facteur de 2,6 par utilisation du 99e centile le plus élevé des taux quotidiens d’inhalation chez les enfants; le taux de ventilation minute de 20,83 L/min approximé pour une journée de travail de 8 heures peut être considéré comme étant conservateur ; par contre, l’utilisation du taux quotidien d’inhalation de 0,286 m³/kg-jour (c.-à-d. 20 m³/jour pour un adulte de poids corporel de 70 kg) est inappropriée en analyse et gestion du risque lorsqu’appliquée à l’ensemble de la population.

Threshold autoregressive and Markov switching models: an application to commercial real estate

Although financial theory rests heavily upon the assumption that asset returns are normally distributed, value indices of commercial real estate display significant departures from normality. In this paper, we apply and compare the properties of two recently proposed regime switching models for value indices of commercial real estate in the US and the UK, both of which relax the assumption that observations are drawn from a single distribution with constant mean and variance. Statistical tests of the models' specification indicate that the Markov switching model is better able to capture the non-stationary features of the data than the threshold autoregressive model, although both represent superior descriptions of the data than the models that allow for only one state. Our results have several implications for theoretical models and empirical research in finance.

The only way is up: retail format saturation and the demise of the American five and dime store, 1914-1941

We examine a classic ‘wheel of retailing’ episode – the abandonment of the five and dime pricing formula by American variety chains. These switched from a conventional product lifecycle, focusing on cost reduction through standardisation, to a reverse path up the ‘service cost - unit value’ continuum. We show that, rather than reflecting deteriorating managerial acumen, this was a response to the continued imperative for growth following retail format saturation. Firm-specific (rather than format-specific) competitive advantages were too weak for any chain to be confident it could win a within-format price war, making inter-format competition through raising price points more attractive.

Metodologia para análise da dependência térmica da germinação pelo modelo de grausdia

The effects of temperature on the rate of biological processes such as the germination are reported in several papers. The analysis of the thermal effect can be performed either from numerical indices or germination curves, which is usually presented as the accumulated percentage of germination versus time. Such curves can be fitted by empirical models and generally they offer a better description of the time-course of germination than single-value indices. On the other hand, in analyzing the germination curves, a question arises whether the model parameters have biological meaning. Thus, it is desirable that the model parameters both describe properly the germination curve and have biological meaning, which often does not occur. Considering the involvement of populations and percentages in germination assays, an analytical model has been widely used in the last two decades which is based on the concept of thermal time. This article discusses the conceptual basis and provides procedures for applying the thermal-time model in germination studies by using the probit regression method, both at infra and supra-optimal temperatures.

Concessions and road and rail transport optimization

Includes bibliography

Shipping costs: a rising challenge to the region's competitive development

This issue of the FAL Bulletin examines the impact of shipping costs on the exports of five Latin American and Caribbean countries by analysing the difference between the unit value of goods at the port of origin and at the port of destination, in three of the region's main external markets.