We show that expected returns on US stocks and all major stock world market indices are non-linearly dependent on previous returns. The expected sign of returns tends to reverse after large price movements and trends tend to continue after small movements. This property can be captured by a...

Measuring novel science as publications which make new combinations of referenced journals and measuring links between science and technology by scientific references in patent applications, we explore the complex relationship between scientific novelty and technology impact. We draw on all the...

Universities play an important role in regional development and innovation and engage with the industry through various channels. In this paper, we examine the role of heterogeneous characteristics of university research, in particular universities’ orientation towards basic or applied...

Using a two-country model with heterogeneous firms, we show that the optimal level and welfare gains of foreign direct investment (FDI) subsidies critically depend on how they are funded. In a setting that resembles common tax distortions in emerging markets, we compare the effects of...

This book investigates the industrial agglomeration and dispersion within a country under trade liberalization and interregional integration by considering both economic forces and geographical elements. Chapter 1 gives a brief introduction about the background, research topics and organizations...

Y-SBA-15 was synthesied by doping Yttrium (Y) into SBA-15 using a solvent-free solid-state grinding method, and 1-butyl-3-methylimidazolium phosphomolybdic salt ([Bmim] 3 PMo 12 O 40 , abbreviated to [Bmim]PMoO ) was synthesized, and then it was loaded on Y-SBA-15. [Bmim]PMoO/Y-SBA-15 is a...

The high-temperature sparks from the cutting or welding will decompose the print circuit board (PCB) use epoxy resin. To explore the influence of curing agents on the oxygen participated thermal decomposition mechanisms of the epoxy resin, the epoxy-O 2 models, which are cured by 3,3-DDS,...

The spectrum-sparse signal, which includes a fraction of large Fourier coefficients in frequency domain, is an important signal form that widely adopted in numerous fields. To handle the spectrum-sparse signal with large data sets demanded by big data applications or wideband spectrum sensing,...