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Static Approach (static + approach)

Distribution by Scientific Domains

Business, Economics, Finance and Accounting	50%

Selected Abstracts

Neo-Classical Neo-Populism 25 Years On: Déjà Vu and Déjà Passé.

JOURNAL OF AGRARIAN CHANGE, Issue 1-2 2004
Towards a Critique
The Griffin, Khan and Ickowitz argument in favour of redistributive land reform, as a means of eradicating rural poverty, is an updated version of a case made by Griffin 30 years ago, and is here seen as a variant of neo-classical neo-populism. The essential logic presented by GKI is considered and it is argued that the approach is defective in its lack of historical perspective and its deployment of a static approach in a dynamic context: these defects manifested in its ignoring of the processes associated with capitalist transformation. It is further argued that its logical foundation is the neo-classical construct of perfect competition, which is without historical basis; its empirical justification is a postulated inverse relationship between land productivity and size of holding, supposedly true of all places and all times, but which is swept away by the development of capitalism in agriculture; and its social specification, in failing to capture the existence of differentiated peasantries, ignores the actual class structure of the countryside. [source]

Dynamic hedging with futures: A copula-based GARCH model

THE JOURNAL OF FUTURES MARKETS, Issue 11 2008
Chih-Chiang Hsu
In a number of earlier studies it has been demonstrated that the traditional regression-based static approach is inappropriate for hedging with futures, with the result that a variety of alternative dynamic hedging strategies have emerged. In this study the authors propose a class of new copula-based GARCH models for the estimation of the optimal hedge ratio and compare their effectiveness with that of other hedging models, including the conventional static, the constant conditional correlation (CCC) GARCH, and the dynamic conditional correlation (DCC) GARCH models. With regard to the reduction of variance in the returns of hedged portfolios, the empirical results show that in both the in-sample and out-of-sample tests, with full flexibility in the distribution specifications, the copula-based GARCH models perform more effectively than other dynamic hedging models. © 2008 Wiley Periodicals, Inc. Jrl Fut Mark 28:1095,1116, 2008 [source]

Testing the Time-Variancy of Explanatory Factors of Strategic Change,

BRITISH JOURNAL OF MANAGEMENT, Issue 2 2006
José David Vicente-Lorente
The article proposes an empirical framework able to: (1) assess the relative validity of both adaptive and inertial views of strategic change and (2) verify the potential time- or context-dependency by testing the structural stability of the empirical model, in Spanish banks, 1983,1997. Results offer inconclusive findings regarding (1) but strong evidence to answer (2). The assumption of structural stability is rejected and the effect of many explanatory factors considered in the empirical model varies over time as some factors show different effects and/or significance levels depending on the period considered. These findings suggest that explanatory models of strategic change should be viewed as ,time-' or ,context-dependent'. The article provides a conceptual model in which alternative explanations operate in a sequential way. The results highlight, first, that inconclusive past findings about adaptive versus inertial views should be reviewed under this new evidence, and future empirical research must assure that its methods and interpretations are robust to potential structural breakdowns; and second, the limitations raised by the static approach offered by the available theories/models when approaching the dynamic and complex nature of strategic change. Theoretical developments and implications for managerial practice are suggested. [source]

Artificial Manipulation of Voice in the Human by an Implanted Stimulator

THE LARYNGOSCOPE, Issue 10 2008
FACS, Michael Broniatowski MD
Abstract Objectives/Hypothesis: Traditional approaches influencing voice quality (e.g., anatomical and chemical denervation for spasmodic dysphonia, surgical medialization for paralysis) have ignored the dynamic nature of the larynx. Study Design: We report here the first attempt to manipulate voice using an implanted stimulator to systematically control vocal fold adduction. Methods: Devices placed for aspiration in three subjects retaining speech after stroke, cerebral palsy, and multiple sclerosis were used to stimulate recurrent laryngeal nerves with 42 Hz, 52 to 200 microsecond pulses of incremental amplitudes during phonation with the tracheostomy tube occluded. Vocal fold adduction increased with stimulation strength (P < .05). Speech was analyzed with the Vox Metria program. Results: We found highly significant differences for fundamental frequency (P < .007), jitter (P < .004), and shimmer (P < .005), between natural and stimulated voice (aah and eeh) when using higher charges. Conclusions: Dynamic vocal fold manipulation seems promising in terms of versatility lacking with static approaches to voice control. [source]