The aim of this paper is to examine the effects of the Chinese and Hong Kong stock markets on the levels of foreign direct investment into China’s regions, utilising dynamic panel estimation techniques. Using a Tobin’s Q measure, the results indicate that the effect is significant for both the Chinese and Hong Kong stock markets, but negatively signed, suggesting that FDI into China acts as a s...

Ridvan BERBER and Levent AKCAY Process monitoring, early fault detection and diagnosis are important in chemical and manufacturing processes for safety, controlling product quality and minimizing waste. Large multivariable processes are difficult to monitor by traditional methods. The multivariate statistical methods, which systematically reduce the number of related variables and transform the...

The multiple fault diagnosis problem is important, since the single fault assumption can lead to incorrect or failed diagnoses when multiple faults occur. It is challenging for continuous systems, because faults can mask or compensate each other’s effects, and the solution space grows exponentially with the number of possible faults. We present a qualitative approach to multiple fault isolation...

* The views expressed herein are those of the authors and not necessarily those of the Federal Reserve Bank of Minneapolis or the Federal Reserve System.

Monitoring large-scale systems is of fundamental importance in modern infrastructures. Many of these large-scale systems are complex interconnections of sub-components which interact by means of communication channels with limited bandwidth. Therefore the information must be encoded in order to be transmitted. Given a class of encoders, the problem of detecting faults affecting some of these su...

The article examines an opportunity of corruption restriction exercised by international business community in Russia. Integration of Russian economy into the international business does not reduce corruption inside the country. Foreign actors investing in Russia under the condition of obtaining their required rates of returns will be reluctant to harm their investments by involving into antico...

According to the World Investment Report 2004, the structure of FDI has shifted towards services. Further, the composition of services FDI is also changing from trade and finance to such industries as electricity, water, telecommunications, storage and transportation. In the latter sector the value of FDI stock rose 16-fold between 1990 and 2002. Incorporating a transport sector dominated by mu...

This study investigates the impact of foreign direct investment (FDI) inflow and trade openness on the expansion of information and communication technologies (ICTs) for the period of 1996 to 2005, in the Asia-Pacific and Middle East regions. Asia-Pacific countries cited in this study are: China (mainland & Hong Kong), Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam. The Middl...

New technologies, rising customer demands and severe exhaust gas regulations led to a rapid advancement of combustion engines. Nowadays, engines are characterized by more and more complex structures, whereby maintenance and trouble shooting becomes more and more complicated. Therefore the development of suitable fault detection and diagnosis methods is necessary, whereas the use of model based ...