长江上游铜锣峡河段卵砾石推移质输沙规律研究

西部山区河段具有水面比降大、河床推移质粒径粗、糙率较大等特点,因此西部山区河段的水沙特性与平原河流差异明显,采用现有的推移质输沙公式来预测山区河段的泥沙输移情况存在较大误差。针对这一现象,基于爱因斯坦均匀沙无量纲输沙公式,考虑到推移质周围床沙对其遮蔽影响,以V/Uc=1为推移质起动临界状态建立了输沙率计算公式,最后以长江上游铜锣峡河段为研究对象,根据近二十年实测的水沙数据,将新计算式与多个经典公式进行精度比较,从计算结果来看,在预测大比降卵砾石山区河流时,新建立的计算式计算精度更高,能更好的反映其输沙规律。     

实物期权视角的CAPM有效性检验

实物期权对资产定价的非线性影响会导致本质为线性定价的CAPM模型失效.本文以沪深A股2000-2014年间1503家上市公司为样本,利用市值规模、账面市值比、资本支出和总资产回报四个企业特征变量作为实物期权的代理变量,分别对个股贝塔和预期超额收益率进行实物期权调整,给出了经实物期权调整后CAPM有效的证据;而且,较之市值规模和账面市值比,资本支出和总资产回报更加能够反映实物期权对CAPM有效性的影响.此外,实物期权调整对CAPM有效性的影响对处于生命周期早期阶段的企业、高科技行业以及对股权分置改革和次贷危机后的子样本更为明显.     

Cladocera and Copepoda of Shokalsky Island: new data from northwest Siberia

Information on the freshwater fauna of the remote Arctic territories is very patchy, and most of the isolated islands of the Arctic Ocean remain absolutely unexplored. The pioneer data on the species composition of microcrustaceans of Shokalsky Island (northwest Siberia, Russia) is reported here. The initial three-year research revealed a total of 31 new for the area species of Cladocera and Copepoda, including new records for the whole of northwestern Siberia. Comparing the interannual differences in faunal composition, we suggested the hypothesis of the existence of a cryptic pool of species’ resting stages, which can invade the community in the event of favourable environmental conditions in the Arctic freshwaters. We also compiled all the available data from different parts of northern Siberia and compared them with the fauna of Shokalsky Island to analyse the connection between the diversity and distributional patterns of copepods and cladoceran species and the climate conditions of different territories.     

The US Dollar/Euro Exchange Rate: Structural Modeling and Forecasting During the Recent Financial Crises

The paper investigates the determinants of the US dollar/euro within the framework of the asset pricing theory of exchange rate determination, which posits that current exchange rate fluctuations are determined by the entire path of current and future revisions in expectations about fundamentals. In this perspective, we innovate by conditioning on Fama–French and Carhart risk factors, which directly measures changing market expectations about the economic outlook, on new financial condition indexes and macroeconomic variables. The macro‐finance augmented econometric model has a remarkable in‐sample and out‐of‐sample predictive ability, largely outperforming a standard autoregressive specification. We also document a stable relationship between the US dollar/euro Carhart momentum conditional correlation (CCW) and the euro area business cycle. CCW signals a progressive weakening in economic conditions since June 2014, consistent with the scattered recovery from the sovereign debt crisis and the new Greek solvency crisis exploded in late spring/early summer 2015. Copyright © 2016 John Wiley & Sons, Ltd.     

Forecasting key US macroeconomic variables with a factor‐augmented Qual VAR

In this paper, we first extract factors from a monthly dataset of 130 macroeconomic and financial variables. These extracted factors are then used to construct a factor‐augmented qualitative vector autoregressive (FA‐Qual VAR) model to forecast industrial production growth, inflation, the Federal funds rate, and the term spread based on a pseudo out‐of‐sample recursive forecasting exercise over an out‐of‐sample period of 1980:1 to 2014:12, using an in‐sample period of 1960:1 to 1979:12. Short‐, medium‐, and long‐run horizons of 1, 6, 12, and 24 months ahead are considered. The forecast from the FA‐Qual VAR is compared with that of a standard VAR model, a Qual VAR model, and a factor‐augmented VAR (FAVAR). In general, we observe that the FA‐Qual VAR tends to perform significantly better than the VAR, Qual VAR and FAVAR (barring some exceptions relative to the latter). In addition, we find that the Qual VARs are also well equipped in forecasting probability of recessions when compared to probit models.     

Mortality effects of temperature changes in the United Kingdom

Temperature changes are known to affect the social and environmental determinants of health in various ways. Consequently, excess deaths as a result of extreme weather conditions may increase over the coming decades because of climate change. In this paper, the relationship between trends in mortality and trends in temperature change (as a proxy) is investigated using annual data and for specified (warm and cold) periods during the year in the UK. A thoughtful statistical analysis is implemented and a new stochastic, central mortality rate model is proposed. The new model encompasses the good features of the Lee and Carter (Journal of the American Statistical Association, 1992, 87: 659–671) model and its recent extensions, and for the very first time includes an exogenous factor which is a temperature‐related factor. The new model is shown to provide a significantly better‐fitting performance and more interpretable forecasts. An illustrative example of pricing a life insurance product is provided and discussed.     

Making the abstract concrete: The role of norms and values in experimental modeling

Experimental modeling is the construction of theoretical models hand in hand with experimental activity. As explained in Section 1, experimental modeling starts with claims about phenomena that use abstract concepts, concepts whose conditions of realization are not yet specified; and it ends with a concrete model of the phenomenon, a model that can be tested against data. This paper argues that this process from abstract concepts to concrete models involves judgments of relevance, which are irreducibly normative. In Section 2, we show, on the basis of several case studies, how these judgments contribute to the determination of the conditions of realization of the abstract concepts and, at the same time, of the quantities that characterize the phenomenon under study. Then, in Section 3, we compare this view on modeling with other approaches that also have acknowledged the role of relevance judgments in science. To conclude, in Section 4, we discuss the possibility of a plurality of relevance judgments and introduce a distinction between locally and generally relevant factors.     

三家子矿6-2煤层瓦斯地质规律研究

通过对南票三家子煤矿瓦斯地质资料的分析,并结合煤层瓦斯含量的现场测定和实验室测试,探讨了断层、构造凹地、煤层围岩、含煤岩系沉积环境以及岩浆侵入等地质因素对6-2煤层瓦斯赋存、分布的影响;夯析了各因素与瓦斯含量的关系,即断层、岩浆侵入破坏了煤体的结构,构造凹地引起的压性应力导致6-2煤层区域性渗透率下降,这些因素对瓦斯的逸散均起了阻碍的作用,因此是影响瓦斯赋存的主控因素。绘制出瓦斯含量等值线图,进而为采掘布置和瓦斯防治工作提供了理论依据。     

浅析河南省城市化的制约因素及对策

从人口流动机制、产业基础、基础设施建设、相关制度安排等方面,探讨了制约河南省城市化水平提高的不利因素,并对其的改进对策和措施进行了论述。     

寒地城市突发公共卫生事件应对的规划响应

在全球气候变化的背景下,特殊的气候条件引发的城市突发公共卫生事件不容忽视.城市规划是政府确保公共卫生安全的重要手段,从城市规划角度预防及控制气候变化带来的突发公共卫生事件并作出一定的规划响应,对于提升寒地城市居民健康水平具有重要意义.以寒地城市为例,分析了地域气候特征对突发公共卫生事件的影响,结合城乡人口空间分布、土地...