For North Korea, product market integration would generate large welfare gains, sufficient to end the famine. Additional gains could be had through military demobilization. For the South, the impact of product market integration would be trivial, but the impact of factor market integration would...

In this paper we use cross-entropy estimation techniques to construct the underlying data base for a computable general equilibrium model (CGE) of the North Korean economy, starting from incomplete data ridden with gross measurement errors. The cross-entropy estimation approach is powerful and...

In this paper we start from incomplete data ridden with gross measurement errors to construct the underlying data base for a computable general equilibrium model (CGE) of the North Korean economy using cross-entropy estimation techniques. This model incorporates fragmentary information in a...

A forward intensity model for the prediction of corporate defaults over different future periods is proposed. Maximum pseudo-likelihood analysis is then conducted on a large sample of the US industrial and financial firms spanning the period 1991–2011 on a monthly basis. Several commonly used...

Growing international trade has been one of the most important drivers for China's recent economic growth. This growth has fed rapid increases in energy demand and carbon emissions since 2000. China is now the world's largest emitter of carbon dioxide. There is mounting pressure from some in the...

N₂O emissions from coal fired fluidized-bed combustion are approximately 30–360 mg/Nm³, much higher than that from pulverized coal combustion (less than 30 mg/Nm³). One approach to reduce the N₂O is to reburn the biomass gasification gas in the coal-fired fluidized bed. In this paper, the...

A new low melting point quaternary eutectic mixture consisting of alkali nitrates and sodium nitrite was modeled by using thermodynamic principles. The eutectic temperature of the quaternary salt mixture was predicted to be 371.75K. The quaternary eutectic mixture was synthesized based on the...

Thermal management needs to be carefully considered in the lithium-ion battery module design to guarantee the temperature of batteries in operation within a narrow optimal range. This article firstly explores the thermal performance of battery module under different cell arrangement structures,...

As promising alternatives to the LASSO, non-convex penalized methods, such as the SCAD and the minimax concave penalty method, produce asymptotically unbiased shrinkage estimates. By adopting non-convex penalties, in this paper we investigate uniformly variable selection and shrinkage estimation...