Empirical Analysis on Stock Market and Real Estate Market Wealth Effect in China

Based on the Modigliani's Life-Cycle Hypothesis of consumption,and relevant data,the paper empirically studies stock market and real estate market wealth effect in China by using the method of unit root test and cointegrating regression.The results show that,regardless of short-run effect and long-run effect,the stock market wealth has significantly negative effect on civil' consumption level,but real estate market wealth or housing market wealth has significantly positive effect on civil' consumption level.     

A Study on the Practical Algorithm for One Dimensional Equal Stock Cutting Problem

Based on alalysing the mathematical models for one dimensional equal stock cutting problem,a knapsack column generation algorithm has been constructed,which is a successive approximate algorithm for the practical engineering.In the end of this paper,some computational examples have been presented,which show that the convergence and optimum results of the algorithm are quite good.     

Can carbon sequestration markets benefit low-income producers in semi-arid Africa? Potentials and challenges

The Clean Development Mechanism (CDM) of the Kyoto Protocol of the United Nations Framework Convention on Climate Change allows a country that emits C above agreed-upon limits to purchase C offsets from an entity that uses biological means to absorb or reduce greenhouse emissions. The CDM is currently offered for afforestation and reforestation projects, but may apply subsequently to sequestration in agricultural soils. Additionally, markets outside of the Protocol are developing for soil C sequestration.     

Comparative economic performance and carbon footprint of two farming models for producing Atlantic salmon (Salmo salar): Land-based closed containment system in freshwater and open net pen in seawater

Ocean net pen production of Atlantic salmon is approaching 2 million metric tons (MT) annually and has proven to be cost- and energy-efficient. Recently, with technology improvements, freshwater aquaculture of Atlantic salmon from eggs to harvestable size of 4–5 kg in land-based closed containment (LBCC) water recirculating aquaculture systems (RAS) has been demonstrated as a viable production technology. Land-based, closed containment water recirculating aquaculture systems technology offers the ability to fully control the rearing environment and provides flexibility in locating a production facility close to the market and on sites where cost of land and power are competitive. This flexibility offers distinct advantages over Atlantic salmon produced in open net pen systems, which is dependent on access to suitable coastal waters and a relatively long transport distance to supply the US market. Consequently, in this paper we present an analysis of the investment needed, the production cost, the profitability and the carbon footprint of producing 3300 MT of head-on gutted (HOG) Atlantic salmon from eggs to US market (wholesale) using two different production systems—LBCC-RAS technology and open net pen (ONP) technology using enterprise budget analysis and carbon footprint with the LCA method. In our analysis we compare the traditional open net pen production system in Norway and a model freshwater LBCC-RAS facility in the US. The model ONP is small compared to the most ONP systems in Norway, but the LBCC-RAS is large compared to any existing LBCC-RAS for Atlantic salmon. The results need to be interpreted with this in mind. Results of the financial analysis indicate that the total production costs for two systems are relatively similar, with LBCC-RAS only 10% higher than the ONP system on a head-on gutted basis (5.60 US$/kg versus 5.08 US$/kg, respectively). Without interest and depreciation, the two production systems have an almost equal operating cost (4.30 US$/kg for ONP versus 4.37 US$/kg for LBCC-RAS). Capital costs of the two systems are not similar for the same 3300 MT of head-on gutted salmon. The capital cost of the LBCC-RAS model system is approximately 54,000,000 US$ and the capital cost of the ONP system is approximately 30,000,000 US$, a difference of 80%. However, the LBCC-RAS model system selling salmon at a 30% price premium is comparatively as profitable as the ONP model system (profit margin of 18% versus 24%, respectively), even though its 15-year net present value is negative and its return on investment is lower than ONP system (9% versus 18%, respectively). The results of the carbon footprint analysis confirmed that production of feed is the dominating climate aspect for both production methods, but also showed that energy source and transport methods are important. It was shown that fresh salmon produced in LBCC-RAS systems close to a US market that use an average US electricity mix have a much lower carbon footprint than fresh salmon produced in Norway in ONP systems shipped to the same market by airfreight, 7.41 versus 15.22 kg CO₂eq/kg salmon HOG, respectively. When comparing the carbon footprint of production-only, the LBCC-RAS-produced salmon has a carbon footprint that is double that of the ONP-produced salmon, 7.01 versus 3.39 kg CO₂eq/kg salmon live-weight, respectively.     

Organic Chemical Characterization of Decomposing Plant Litter: A Comparison of Methods

There are two common methods to characterize organic chemical composition of decomposing plant litter, a forest products method and a forage fiber method. These methods divide litter into a few fractions based on extractions using different solvents. In this study, equivalencies were established between the fractions of the methods. Some of the equivalencies were based on similarities in the fractionation methods, whereas some were estimated empirically. The equivalencies gave similar chemical composition for different litter types as measurements. The results were also comparable to, or for certain fractions even better than, those obtained using earlier conversion equations. The equivalencies established are suitable for converting the forage fiber fractions to the forest products fractions in litter decomposition studies. Thus, they increase possibilities to exchange data on litter chemical characteristics across the methods in decomposition studies.     

Can carbon isotope discrimination and ash content predict grain yield and water use efficiency in wheat?

Drought is the main factor affecting crop grain yield. Increasing grain yield under drought and crop water use efficiency (WUE) is essential for enhancing world crop production and food availability. The objective of this study, carried out in India on 20 durum wheat cultivars, under three water regimes (full irrigation, limited irrigation and residual soil moisture) and during two seasons, was to investigate the potential use of plant traits (particularly carbon isotope discrimination, Δ, and ash content, m_a) to predict grain yield and WUE in wheat. WUE components were estimated using a soil water balance model (Budget) allowing comparison of environments in data scarce situations. A highly significant correlation was noted between grain yield and grain Δ across water regimes. However, the associations between grain yield, Δ and m_a were found to depend highly on the water regime and environmental conditions. The association between grain yield and grain Δ was significant under full irrigation in season 1 and under residual soil moisture in season 2. Significant positive correlations were noted in both seasons between grain yield and leaf Δ under residual soil moisture and between grain yield and leaf ash content at anthesis under limited irrigation. A significant correlation was found across environments between grain and leaf Δ and T, the quantity of water transpired during the growth cycle, as estimated by the soil water balance model. T also significantly correlated to grain and leaf m_a. Variation in WUE across environments was driven more by runoff, drainage and soil evaporation than by harvest index and transpiration. The associations between WUE and transpiration, runoff and Δ were negative but not significant. WUE was significantly correlated with leaf and grain m_a at maturity. The study indicates that Δ and m_a can be used as indirect selection criteria for grain yield and suggests that m_a is a good predictor of transpiration, grain yield and WUE across environments. The use of mechanistic models that allows differentiating between cultivars should permit in a next future to analyze the relationships between WUE, Δ and m_a across cultivars and evaluate the possibility to use these traits as predictors of WUE in wheat breeding programs.     

北方干寒地区日光温室CO2预测模型建立与冬季试验

根据质量平衡原理，构建了适用于北方干旱、寒冷地区典型日光温室CO2动态预测模型。模型定量描述了作物光合和呼吸作用、土壤呼吸作用、CO2施肥、自然通风及闭膜后的冷风渗透对室内空气中CO2的动态影响过程。利用内蒙古农牧业科技园区的日光温室对模型进行了冬季验证。结果表明，模型能较好地预测北方干旱、寒冷地区冬季晴天、多云天气的日光温室室内空气CO2浓度的动态变化过程，且预测值和实测值之间的相对误差小于10%。     

大兴安岭林区林分蓄积量与海拔的关系研究

研究区域位于天然林保护工程重点区域大兴安岭林区,收集大兴安岭森林资源连续清查第6次复查232块样地资料,将其整理成列联表,做列联表分析,进行卡方检验、剩余分析、对数线性模型拟合。结果表明,此区域落叶松林分在低海拔分布较广,但蓄积量处于相对低水平,主要是此区域内林分受人为干扰较严重而致。本文研究结果对于森林经营决策具有重要的意义。     

Potential carbon stock in Japanese forest soils – simulated impact of forest management and climate change using the CENTURY model

Forest management and climate change may have a substantial impact on future soil organic carbon (SOC) stocks at the country scale. Potential SOC in Japanese forest soils was regionally estimated under nine forest managements and a climate change scenario using the CENTURY ecosystem model. Three rotations (30, 50, 100 yr) and three thinning regimes were tested: no‐thinning; 30% of the trees cut in the middle of the rotation (e.g. 15 year in a 30‐yr rotation) and thinned trees all left as litter or slash (ThinLef) and the trees from thinning removed from the forest (ThinRem). A climate change scenario was tested (ca. 3 °C increase in air temperature and 9% increase in precipitation). The model was run at 1 km resolution using climate, vegetation and soil databases. The estimated SOC stock ranged from 1600 to 1830 TgC (from 6800 to 7800 gC/m²), and the SOC stock was largest with the longest rotation and was largest under ThinLef with all three rotations. Despite an increase in net primary production, the SOC stock decreased by 5% under the climate change scenario.     

菌丝生长速度与呼吸消耗及胞外酶活性的关系

以棉籽壳为主料,对平菇、刺芹侧耳、黄伞、灵芝、金针菇和香菇原种培养期间的菌丝生长速度、呼吸消耗及胞外酶活性的关系进行了研究。结果表明,6种食用菌的菌丝生长速度与呼吸消耗正相关,而有机物的降解速率与胞外酶活性的大小没有相关性。