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Författare: Esther E. Conrad.
Most analyses of international real business cycles and economic interdependence focus on developed economies, while studies on emerging economies are still scarce. This study contributes to the international RBC literature by empirically and theoretically evaluating business cycles of emerging and developed economies in the EU and NAFTA. The study finds that there are empirical regularities for emerging economies just as there are for developed ones. A key cross-country finding is that positive output and consumption correlations only hold for developed economies. It is shown that the intra-country statistics for both types of economies can successfully be reproduced using a model with an endogenous interest rate. The low output and consumption correlations between the two economy types can be captured by a two-country model with portfolio adjustment costs and a negative spillover effect. This model also allows for a reversal of the usual theoretical implication that there should be more consumption- than output smoothing The study additionally gives a comprehensive overview of contemporary solution methods for these types of models.
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Shortcomings of current green BIM studies and future research directions are listed. Existing literature has focused heavily on design and construction stages. Integrating facility operation maintenance manuals with green BIM is required. Extending cloud computing application and managing big data in green BIM is needed. For the 1965 short film by Jim Henson, see Time Piece. The Shepherd Gate Clock at the Royal Observatory, Greenwich.
A clock is an instrument used to measure, keep, and indicate time. The clock is one of the oldest human inventions, meeting the need to measure intervals of time shorter than the natural units: the day, the lunar month, and the year. Some predecessors to the modern clock may be considered as „clocks“ that are based on movement in nature: A sundial shows the time by displaying the position of a shadow on a flat surface. There is a range of duration timers, a well-known example being the hourglass. Traditionally in horology, the term clock was used for a striking clock, while a clock that did not strike the hours audibly was called a timepiece.
In general usage today, a „clock“ refers to any device for measuring and displaying the time. Clocks have different ways of displaying the time. Analog clocks indicate time with a traditional clock face, with moving hands. Digital clocks display a numeric representation of time. 24-hour time notation and 12-hour notation. The apparent position of the Sun in the sky moves over the course of each day, reflecting the rotation of the Earth.