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This paper analyzes to what extent PPP holds in the long run. Firstly, standard unit root tests are used to test for stationarity. These results are then compared to the ones provided by a wavelet based OLS and an approximate ML estimator. Using these to determine the integration order of an ARFIMA(p,d,q) process, the results support the PPP hypothesis and indicate that real exchange rates are mea

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The purpose of the thesis is to analyze the recent growth figures of China and understand whether China will be able to sustain its outstanding economic growth pattern, in a time when it needs to rebalance its economy from investments towards domestic consumption. In fact, if China does not rebalance its economy to a consumption-­led economy, it might face difficulties to repay the massive investm

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This study investigates the relationship between mortgage rates and other interest rates such as the repo rate and the long-term rate and whether this relationship has changed due to the financial crisis in 2008. This is done through time series estimation for eight European countries (Spain, Finland, France, Germany, Ireland, Italy, Sweden and United Kingdom) over the period 1999-2011 using quart

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This paper has adopted an inductive approach in answering this paper’s research question; which discursive images does UN draw upon when addressing failed states in their international security policy discourse? Through applying Fairclough’s critical discourse analysis, in combination with post-colonial framework, official and current policy UN documents have been analyzed. The documents contain a

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Purpose: To address any effect in Mexico´s stock returns due to changes in exchange rate and monetary policy after an economic shock (crisis). Methodology: We used a framework based on the Vector Auto-Regression approach. Additionally, the Difference-in-Difference regression approach was employed in order to briefly generalize our results. Empirical foundation: The empirical data employed comes

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Ett av de uttalande målen för det gemensamma systemet för mervärdesskatt är att förhindra skatteflykt, skatteundandragande och missbruk. Dessa koncept besläktade i den bemärkelse att de alla hindrar att skattesystemet tillämpas på det sätt som det avsetts att göra. Dock finns det betydande, inneboende skillnader i koncepten och hur de tillämpas. Genom avgörandet i Halifax-domen slog Domstolen en gOne of the explicit objectives for the common VAT-system is to prevent tax evasion, -avoidance and -abuse. These concepts are related in the sense that all three concepts aim to prevent that the provisions of the system are applied in a manner that conflicts with the purpose of the system and the provisions. There are however substantial, inherent differences between the concepts and the way that

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Despite policy efforts to reduce waste and to recycle material, household waste in Europe continues to grow. In Sweden, most 290 municipalities use volume-based tariffs for household waste management. This report is about two alternative policies for household waste: (1) a weight based waste system and (2) a system of kerbside containers for sorted waste (FNI). It is a case study of policy develo

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Popular Abstract in Swedish Värmebehandling av vegetabilier medför att man värmer till temperaturer över växtens ursprungliga fysiologiska och naturliga temperaturgränser och därmed förändras den enskilda grönsakens vävnadsstruktur. Detta leder till en serie händelser på cellnivå som i sin tur bestämmer transportegenskaperna hos vävnaden. En av cellens viktigaste komponenter för masstransport är cHeat processing of vegetables involves the use of temperatures above the physiological limit which affect the cellular structures of the tissue and induce a series of events at cell level that will in turn be reflected in the transport properties of the tissue. One of the most important cellular structures from the mass transport point of view is the cell membrane since it represents the physical

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Popular Abstract in Swedish Strålbehandling har sedan länge visat sig vara en bra metod för att behandla patienter med cancer. Den nya teknik som har introducerats under de senaste åren har möjliggjort ökade stråldoser till än mer begränsade volymer. Samtidigt innebär detta att ökade krav ställs på att man försäkrar sig om att den volym man bestrålar är den volym som innehåller tumörceller och attMethods for ensuring that the intended volume receives the intended absorbed dose in radiotherapy have been investigated. In order to optimise radiation treatment of cancer, geometric variations in the treatment chain need to be controlled. Furthermore, hazards potentially leading to unintended irradiation need to be controlled. While the required methods for optimisation of irradiation are divers

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Many studies focusing on the design activity use the interview technique as a part of their investigation. Methodological discussions about the interview setting as the locus of a social interaction between the interviewer and the respondent and its implications for the interpretation of the obtained data are nevertheless rarely found in publications within our design community. Part I of this pub

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This study examines the management of used mobile phones in the United Kingdom between 2005 and 2008. It shows that the replacement cycle for mobile phones got shorter during the period due to heavy handset subsidies given by mobile network operators. The planned obsolescence presented a business opportunity for the exports of used phones to developing countries. However, the collection for re-use

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In several species of short-lived Australian agamid lizards, an individual's sex is determined by the nest temperatures encountered during incubation. The adaptive significance of such systems remains unclear. Here, we explore the hypothesis that (1) the optimal timing of hatching differs between the sexes, and thus (2) temperature-dependent sex determination (TSD) enhances maternal and offspring

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In a longstanding debate among economic historians about the role of the peasants and the manors in the agrarian transformation, a variety of qualitative and quantitative indicators have been used, but no one has until now been able to compare the actual production outcomes. In this paper, we investigate the land productivity development for manorial demesnes and peasant farmers, respectively, ove