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1 – 10 of 160Bingbing Qi and Dunge Liu
The existing dimensionality reduction algorithms suffer serious performance degradation under low signal-to-noise ratio (SNR) owing to the presence of noise. To address these…
Abstract
Purpose
The existing dimensionality reduction algorithms suffer serious performance degradation under low signal-to-noise ratio (SNR) owing to the presence of noise. To address these problems, an enhanced spatial smoothing scheme is proposed that exploits the subarray time-space correlation matrices to reconstruct the data matrix to overcome this weakness. This method uses the strong correlation of signal and the weak correlation of noise in time and space domains, which improves the noise suppression ability.
Design/methodology/approach
In this paper, an enhanced spatial smoothing method is proposed. By using the strong correlation of signal and the weak correlation of noise, the time-space smoothed array covariance matrix based on the subarray time-space correlation matrices is constructed to improve the noise suppression ability. Compared with the existing Toeplitz matrix reconstruction and spatial smoothing methods, the proposed method improves the DOA estimation performance at low SNR.
Findings
Theoretical analysis and simulation results show that compared with the existing dimensionality reduction processing algorithms, the proposed method improves the DOA estimation performance in cases with a low SNR. Furthermore, in cases where the DOAs between the coherent sources are closely spaced and the snapshot number is low, our proposed method significantly improves the performance of the DOA estimation performance.
Originality/value
The proposed method improves the DOA estimation performance at low SNR. In particular, for the cases with a low SNR, the proposed method provides a better RMSE. The convergence of the proposed method is also faster than other methods for the low number of snapshots. Our analysis also confirms that in cases where the DOAs between the coherent sources are closely spaced, the proposed method achieves a much higher angular resolution than that of the other methods.
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“It should also be noted that the objective of convergence and equal distribution, including across under-performing areas, can hinder efforts to generate growth. Contrariwise…
Abstract
“It should also be noted that the objective of convergence and equal distribution, including across under-performing areas, can hinder efforts to generate growth. Contrariwise, the objective of competitiveness can exacerbate regional and social inequalities, by targeting efforts on zones of excellence where projects achieve greater returns (dynamic major cities, higher levels of general education, the most advanced projects, infrastructures with the heaviest traffic, and so on). If cohesion policy and the Lisbon Strategy come into conflict, it must be borne in mind that the former, for the moment, is founded on a rather more solid legal foundation than the latter” European Commission (2005, p. 9)Adaptation of Cohesion Policy to the Enlarged Europe and the Lisbon and Gothenburg Objectives.
The purpose of this paper is to examine the potential gains in hedge ratio calculation for agricultural commodities by incorporating market linkages and prices of related…
Abstract
Purpose
The purpose of this paper is to examine the potential gains in hedge ratio calculation for agricultural commodities by incorporating market linkages and prices of related commodities into the hedge ratio estimation process.
Design/methodology/approach
A vector autoregressive multivariate generalized autoregressive conditional heteroskedasticity (VAR‐MGARCH) model is used to construct a time‐varying correlation matrix for commodity prices across linked markets and across linked commodities. The MGARCH model is estimated using a two‐step approach, which allows for a large system of related prices to be estimated.
Findings
In‐sample and out‐of‐sample portfolio variance comparison among no hedge, bivariate GARCH, and MGARCH models indicates that hedge ratios estimated using the MGARCH approach reduce agricultural producers' and commercial consumers' risks in futures market participation.
Research limitations/implications
The application is limited to an examination of Montana wheat markets.
Practical implications
Agricultural producers who use futures markets to reduce market risk will have a better method for determining hedging positions, because MGARCH estimated hedge ratios incorporate more information than hedge ratios estimated using existing practices.
Social implications
Portfolio variance reduction is analogous to utility improvement for agricultural producers. More efficient hedging strategies can lead to better implementation of futures markets and increased social welfare.
Originality/value
This research substantially extends current literature on agricultural hedge strategies by illustrating the advantages of using an hedge ratio estimation approach that incorporates important information about prices at linked markets and prices of other commodities. Providing evidence that market portfolio variance can be lowered using the multivariate estimation approach, the research offers commercial agricultural producers and consumers a practical tool for improving futures market strategies.
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Kedong Yin, Yun Cao, Shiwei Zhou and Xinman Lv
The purposes of this research are to study the theory and method of multi-attribute index system design and establish a set of systematic, standardized, scientific index systems…
Abstract
Purpose
The purposes of this research are to study the theory and method of multi-attribute index system design and establish a set of systematic, standardized, scientific index systems for the design optimization and inspection process. The research may form the basis for a rational, comprehensive evaluation and provide the most effective way of improving the quality of management decision-making. It is of practical significance to improve the rationality and reliability of the index system and provide standardized, scientific reference standards and theoretical guidance for the design and construction of the index system.
Design/methodology/approach
Using modern methods such as complex networks and machine learning, a system for the quality diagnosis of index data and the classification and stratification of index systems is designed. This guarantees the quality of the index data, realizes the scientific classification and stratification of the index system, reduces the subjectivity and randomness of the design of the index system, enhances its objectivity and rationality and lays a solid foundation for the optimal design of the index system.
Findings
Based on the ideas of statistics, system theory, machine learning and data mining, the focus in the present research is on “data quality diagnosis” and “index classification and stratification” and clarifying the classification standards and data quality characteristics of index data; a data-quality diagnosis system of “data review – data cleaning – data conversion – data inspection” is established. Using a decision tree, explanatory structural model, cluster analysis, K-means clustering and other methods, classification and hierarchical method system of indicators is designed to reduce the redundancy of indicator data and improve the quality of the data used. Finally, the scientific and standardized classification and hierarchical design of the index system can be realized.
Originality/value
The innovative contributions and research value of the paper are reflected in three aspects. First, a method system for index data quality diagnosis is designed, and multi-source data fusion technology is adopted to ensure the quality of multi-source, heterogeneous and mixed-frequency data of the index system. The second is to design a systematic quality-inspection process for missing data based on the systematic thinking of the whole and the individual. Aiming at the accuracy, reliability, and feasibility of the patched data, a quality-inspection method of patched data based on inversion thought and a unified representation method of data fusion based on a tensor model are proposed. The third is to use the modern method of unsupervised learning to classify and stratify the index system, which reduces the subjectivity and randomness of the design of the index system and enhances its objectivity and rationality.
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Delphine Lautier and Franck Raynaud
In this chapter, we propose a nonconventional methodology, the graph theory, which is especially relevant for the study of high-dimensional financial data. We illustrate the…
Abstract
In this chapter, we propose a nonconventional methodology, the graph theory, which is especially relevant for the study of high-dimensional financial data. We illustrate the advantages of this method in the context of systemic risk in derivative markets, a main subject nowadays in finance. A key issue is that this methodology can be used in various areas. Numerous applications have now to face the challenge of analyzing gigantic financial data sets, which are more and more frequent. We offer a pedagogical introduction to the use of the graph theory in finance and to some tools provided by this method. As we focus on systemic risk, we first examine correlation-based graphs in order to investigate markets integration and inter/cross-market linkages. We then restrain the analysis to a subset of these graphs, the so-called “minimum spanning trees.” We study their topological and dynamic properties and discuss the relevance of these tools as well as the robustness of the empirical results relying on them.
Sven Laumer and Christian Maier
The purpose of this study is to investigate the impact of the COVID-19 pandemic on the beliefs and attitudes toward the use of information and communication technology (ICT). The…
Abstract
Purpose
The purpose of this study is to investigate the impact of the COVID-19 pandemic on the beliefs and attitudes toward the use of information and communication technology (ICT). The study examines the challenges of implementing ICT-based training and provides insights for promoting the acceptance of online training in volunteer sports communities.
Design/methodology/approach
The study uses an action design research methodology that combines the implementation of ICT-based training, interviews, and a survey of 523 participants to examine the influence of online training on beliefs and attitudes.
Findings
The study shows that before the COVID-19 pandemic, soccer referees had negative beliefs about the use of ICT for learning. However, the experience of being forced to use ICT for training during the pandemic led to a positive shift in their beliefs about ICT.
Research limitations/implications
The study offers four lessons learned for promoting the use of ICT-based training in voluntary sports. Future research should investigate the influence of blended learning approaches on affective, cognitive, and skill-based learning outcomes.
Practical implications
The study has practical implications for those responsible for implementing ICT-based training in voluntary sport. The findings suggest that design features such as usefulness, ease of use and enjoyment should be emphasized to increase the acceptance of online training.
Originality/value
The study contributes to the literature by providing insights into the challenges of implementing ICT-based training in voluntary sport contexts. The findings suggest that the experience of being forced to use ICT can promote the acceptance of online training in volunteer sports communities.
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The large-scale construction of China’s transportation infrastructure has driven the flow of elements between regions, which has provided convenient conditions for the…
Abstract
Purpose
The large-scale construction of China’s transportation infrastructure has driven the flow of elements between regions, which has provided convenient conditions for the accumulation of advantageous resources.
Design/methodology/approach
Based on the panel data of 31 provinces in China in the past 2003-2017 years, this paper applies the spatial econometric model and partial differential method and empirically analyzes the spatial spillover effect of transportation infrastructure on employment in the service industry under four spatial weighting matrices.
Findings
The results show that for every 1 per cent increase in the level of transportation infrastructure, the employment density of the service industry in the region can be increased by 0.1274 per cent. It is worth noting that roads promote the employment of the service industry more than railways and inland waterways. However, inland waterways have not shown positive effects. The results on spatial spillover of transportation infrastructure indicate that railway has obvious promotion effect on the employment level of service industry in the surrounding area, while the highway has hindered the effect. The spatial spillover effect of inland waterway is not obvious.
Originality/value
The value of this paper is to consider the impact of China’s transportation infrastructure on employment in a particular industry, especially in the service industry. The research will help to provide empirical evidence for policymakers. The government needs to invest and build transportation infrastructure based on the stage and development potential of the employment development of the regional service industry.
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Kenny A. Hendrickson and Kula A. Francis
This chapter offers an account on the development and usage of a conceptual framework and instrument to examine authentic university academic care (AUAC) at the University of the…
Abstract
This chapter offers an account on the development and usage of a conceptual framework and instrument to examine authentic university academic care (AUAC) at the University of the Virgin Islands (UVI), a non-mainland Historical Black College and University. AUAC is an amalgamation of genuine human concerns and disciplined nurturing within university academic services. This chapter is a synthesis of literature review, data analysis, findings and discussion on AUAC. Data were collected from a convenient sample (n = 126) of UVI students’ responses. An exploratory quantitative research design was used. Exploratory factor analysis identified eight associated caring about academic caregiving criteria in all four-points on the university academic caring carescapes framework. Based on UVI students’ perceptions and a factor-score correlation analysis, academic caregiving of colleges/schools were observed to be the focal point of UVI’s AUAC. Furthermore, the strongest association was found between the academic caregiving of colleges/schools and faculty.
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Matteo Foglia, Alessandra Ortolano, Elisa Di Febo and Eliana Angelini
The purpose of this paper is to study the evolution of financial contagion between Eurozone banks, observing the credit default swaps (CDSs) market during the period 2009–2017.
Abstract
Purpose
The purpose of this paper is to study the evolution of financial contagion between Eurozone banks, observing the credit default swaps (CDSs) market during the period 2009–2017.
Design/methodology/approach
The authors use a dynamic spatial Durbin model that enables to explore the direct and indirect effects over the short and long run and the transmission channels of the contagion.
Findings
The results show how contagion emerges through physical and financial market links between banks. This finding implies that a bank can fail because people expect other related financial institutions to fail as well (self-fulfilling crisis). The study provides statistically significant evidence of the presence of credit risk spillovers in CDS markets. The findings show that equity market dynamics of “neighbouring” banks are important factors in risk transmission.
Originality/value
The research provides a new contribution to the analysis of EZ banking risk contagion, studying CDS spread determinants both under a temporal and spatial dimension. Considering the cross-dependence of credit spreads, the study allowed to verify the non-linearity between the probability of default of a debtor and the observed credit spreads (credit spread puzzle). The authors provide information on the transmission mechanism of contagion and, on the effects among the largest banks. In fact, through the study of short- and long-term impacts, direct and indirect, the paper classify banks of systemic importance according to their effect on the financial system.
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Grădinaru Giani-Ionel, Țiţan Emilia, Bătrîncea Ana-Maria and Mihai Mihaela
Technological progress is a determining factor in the factors leading to economic and social well-being. Simultaneously, the development of a sustainable economy is based on the…
Abstract
Technological progress is a determining factor in the factors leading to economic and social well-being. Simultaneously, the development of a sustainable economy is based on the conservation of resources. In the energy sector, this fact can be corroborated with the reduction of energy consumption, thus increasing economic efficiency. On the one hand, improving energy efficiency contributes to increasing the quality of life, productivity, and, implicitly, the economy, but on the other hand, it leads to excess energy use – this behavioral change is known as rebound. The research estimates the rebound effect at the macroeconomic level for European countries in the period 2000–2019, referring the analysis to each country's gross domestic product (GDP) and energy consumption, as well as comparing the preaccession and postaccession periods of Romania in the EU space. The rebound effect is determined using multidimensional analysis methods, depending on the GDP of each country as well as the behavior of each in the use of energy resources in industry, agriculture, and services. Although the study results confirm the strong link between energy consumption and GDP at the level of each state, they did not show considerable changes between countries at the level of the two periods.
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