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Daily returns of stock markets in 27 emerging markets in Asia, Africa, South America, and Eastern Europe from the early 1990s through 2006 are analyzed for the possible presence of nonlinear speculative bubbles. The absence of these is tested for by studying residuals of VAR-based fundamentals, using the Hamilton regime-switching model and the rescaled(More)
In the last two decades, the use of computer and particularly the personal computers has brought revolution in the teaching of Engineering courses. Computer-aided design and sophisticated analysis packages have changed the engineering curriculum, making it possible for students to analyze and design at a level of precision impossible to accomplish with hand(More)
UNLABELLED Intraventricular hemorrhage (IVH) in preterm infants leads to cerebral inflammation, reduced myelination of the white matter, and neurological deficits. No therapeutic strategy exists against the IVH-induced white matter injury. AMPA-kainate receptor induced excitotoxicity contributes to oligodendrocyte precursor cell (OPC) damage and(More)
The use of Fiber Reinforced Polymer (FRP) is becoming a widely accepted solution for repairing and strengthening ageing in the field of civil engineering around the world. In the present paper, experimental study designed to investigate the flexural behavior of reinforced concrete beams strengthened with CFRP laminates attached to the bottom of the beams by(More)
The possible presence of nonlinear speculative bubbles in the Karachi stock exchange (KSE) is examined since 1992. We use methodology previously used by the authors for examining asset market dynamics for this study. Bubbles are argued to exist when there are substantial deviations of market value from extimated fundamental values. For daily values of the(More)
In practice, tourism organisations tend to be more serious towards their financial viability and therefore undermine long-term socio-cultural and environmental consequences. In so doing they impede their own ability and that of the destination to develop in a sustainable way. This may lead to 'strategic drift' where, organisation's existing strategy(More)
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