THE ROLE OF COMMODITY TERMS OF TRADE IN THE DETERMINATION OF THE REAL EXCHANGE RATES OF THE MEDITERRANEAN COUNTRIES

The aim of this paper is to investigate whether there exists a long‐run relationship between the real exchange rate and the commodity terms of trade in the so‐called Mediterranean or MENA countries. These economies are good candidates for this type of formulation, as are commodity exporting countries. Using cointegration techniques, we find long‐run relationships linking the real exchange rate and a commodity‐based measure of the terms of trade. Therefore, commodity terms of trade are a potential explanation for the apparent nonstationarity of MENA countries’ real exchange rates previously found in the empirical literature.     

影帝归来 代言帆都

由青岛市人民政府新闻办公室、山东电视台等联合摄制的新版35毫米电影胶片版奥运城市"帆船之都·青岛"形象故事片于近期拍摄完成,男女主角夏雨和黄圣依携手演绎了一个关于"帆船之都"的传奇故事.     

康定情歌与高原神犬

一位艺术大师的话改变了他的生活。一只高原神犬藏獒却注定了他的艺术人生。林跃与油画大师:冯法祀、魏传义,程丛林过往甚密,他被资深报人、音乐人、天府早报主编、社长彭忠誉为“画界奇人”。他是用油画绘出藏獒灵动精神的第一人。藏獒精神的写照就是他追求艺术的人生。     

THE ECONOMICS OF CHAOS OR THE CHAOS OF ECONOMICS

THIS PAPER gives a simple account of non-linear dynamics, focussingon cycles and chaos. There is a survey of economic models whichinvolve chaos. The case where a chaotic system is subject toexogenous random shocks is discussed.     

文学的前途

当下我们进入了一个特殊的时代——网络时代。载体繁杂,声色犬马,各种力量对文学挤压的强度空前,所以我们一些好的文学书出版很难,即便出来了印数也很少,影响力微乎其微。不久以前还完全不是这个样子,     

耳畔回响名人实话

清朝诗人赵翼感叹,＂江山代有才人出,各领风骚数百年＂。不知何时,被识时务的现代人俏皮地修改为各领风骚＂三两年＂。追求速度带来的变异,已经让社会变化不是循序渐进,而是瞬间呈现。当诗意的＂弹指一挥间＂,被＂一天等于二十年＂口号所取代,     

REGIONALISM AND THE REST OF THE WORLD: THE IRRELEVANCE OF THE KEMP-WAN THEOREM

Many commentators purport to use the Kemp-Wan Theorem to discussthe effects of regional integration schemes on non-member countries,and to operationalize the theorem in terms of the share of membercountries' imports coming from non-members I show that Kempand Wan say nothing about changes in non-member welfare andthat the latter is more closely related to non-members' importsthan to their shares of members' markets I suggest that a newapproach to this issue is required     

杨道立带我们去听海之心

6月8日,大型交响诗画《我们珍爱海洋》,在充满敬意的掌声和欢呼声中落下帷幕。作为2011年世界海洋日暨全国海洋宣传日活动压轴戏,这台别具匠心的艺术晚会,带给人们潮汐一样的震撼和冲击。     

三个三模式淬炼干部素质

如果在大连市中山区评选2012年热门词汇,＂三个三＂必须算一个。到7月底,中山区委创新出台的处级干部培训＂三个三模式＂,已经高质量地完成了第一年教育任务,137名处级干部被注入新的正能量,活力充沛地投入基层工作。     

为了泉城的俊美

对于现在的生活，张西房和老伴都特别知足。“俩人每个月收入近3000元，单位还给我们买了养老保险、医疗保险等五险，过年过节都有过节费，去年光降温费我们一个人就领了400块钱呢。在村里说起来，人家都很羡慕。”