Climatic characteristics of foreign low latitude plateau regions are firstly introduced. Then, experience and lessons of major foreign low latitude plateau countries in developing modern agriculture are analyzed, including Indian three agricultural revolutions and agricultural informationization...

This paper firstly summarized experience of Vietnam and Taiwan in developing modern agricultural manorial economy. The manorial economy of Vietnam is characterized by intensive and specialized operation and high marketization and wide employment of labors, while the experience of Taiwan can be...

Volatility estimation is an integral component of risk management, option pricing, and portfolio allocation. REIT volatility is examined using a Bayesian GARCH model. This paper discusses shortfalls of maximum likelihood estimation, which are commonly used for estimating GARCH models, and...

Persistent differences in interest rates across countries account for much of the profitability of currency carry trade strategies. "Commodity currencies'' tend to have high interest rates while low interest rate currencies belong to exporters of finished goods. This pattern arises in a...

This paper tests financial accelerator models. Using a novel dataset on agricultural production, we examine how exogenous productivity shocks arising from variation in temperature are propagated into the future. We find that past weather shocks have persistent effects on land values and...

R&D-intensive firms such as biotechnology and pharmaceutical companies follow very different corporate financial policies from firms in less R&D-intensive industries. To account for these differences, we propose an equilibrium model for such firms in which their capital structure, amount of R&D...