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In this paper we develop a comprehensive Vector Autoregression Model consisting of five variables; the stock market and price indices of pairs of countries, as well as their bilateral nominal exchange rate. Then, we show that under certain long-run restrictions, our approach encompasses a large number of specifications encountered in the voluminous literature on testing for capital integration with cointegration techniques. This approach minimizes the risk of accepting the null of no cointegration between the equity price indices because of the introduction of additional stochastic trends through the transformation of those indices on a "real or nominal US dollar" basis. Furthermore, other interesting long run specifications emerge either with I(1) only stochastic shocks or with the presence of some I(2) disturbances characterizing the system. We apply the testing methodology on monthly data for the US, UK, Germany, and Japan for the period January 1980-May 2019. The main findings provide partial support in favor of cointegration, and therefore for capital markets integration, among stock market indices when proper attention is given to issues like the identification and temporal stability of the cointegration vectors as well as the choice of units that the stock indices are expressed in. [ABSTRACT FROM AUTHOR]

The projected introduction of conditional automated driving systems to the market has sparked multifaceted research on human–machine interfaces (HMIs) for such systems. By moderating the roles of the human driver and the driving automation system, the HMI is indispensable in avoiding side effects of automation such as mode confusion, misuse, and disuse. In addition to safety aspects, the usability of HMIs plays a vital role in improving the trust and acceptance of the automated driving system. This paper aggregates common research methods and findings based on an extensive literature review. Empirical studies, frameworks, and review articles are included. Findings and conclusions are presented with a focus on study characteristics such as test cases, dependent variables, testing environments, or participant samples. These methods and findings are discussed critically, taking into consideration requirements for usability assessments of HMIs in the context of conditional automated driving. The paper concludes with a derivation of recommended study characteristics framing best practice advice for the design of experiments. The advised selection of scenarios and metrics will be applied in a future validation study series comprising a driving simulator experiment and three real driving experiments on test tracks in Germany, the USA, and Japan. [ABSTRACT FROM AUTHOR]

Forests have provided support for human health and survival since ancient times. With improved public awareness of health issues and the importance of forest ecological functions, forest therapy has gradually gained momentum. Forest therapies have been applied around the world as preventive and alternative therapies to promote human health. As a safe, side-effect-free, low-cost, preventive, and alternative therapy, forest therapy has been scientifically proven to promote physical and mental health in humans. However, the forest therapy service system is still underdeveloped, and forest therapy has not become a mainstream part of clinical medical treatment methods in most countries worldwide. Therefore, in order to better present the development path and current situation of forest therapy in different countries and provide guidance for how other countries can develop similar interventions and clinical sites to base these activities, this study uses Germany, Japan, and China as examples to systematically tease out how forest therapy has developed and the status of forest therapy services in different countries, as well as the health benefits of forest therapy. Furthermore, the key components and traditional cultural and socioeconomic backgrounds related to forest therapy are discussed. Finally, based on published empirical research, we believe that forest therapy can be a solution to public health problems thanks to its multiple, medically proven health benefits. Forest therapy facilitates the return of people to the forest and nature to achieve health and well-being effects. However, there is a need for more research on the mechanisms (such as the immune system, endocrine system, nervous system, etc.) underlying forest therapy's effectiveness, which should include strengthened collaborations between disciplines. In addition, the role of forest therapy services in promoting human health needs to be emphasized. [ABSTRACT FROM AUTHOR]

This study aims to advance our knowledge in the genesis of extreme climatic events with the dual aim of improving forecasting methods while clarifying the role played by anthropogenic warming. Wavelet analysis is used to highlight the role of coherent Sea Surface Temperature (SST) anomalies produced from short-period oceanic Rossby waves resonantly forced, with two case studies: a Marine Heatwave (MHW) that occurred in the northwestern Pacific with a strong climatic impact in Japan, and an extreme flood event that occurred in Germany. Ocean–atmosphere interactions are evidenced by decomposing state variables into period bands within the cross-wavelet power spectra, namely SST, Sea Surface Height (SSH), and the zonal and meridional modulated geostrophic currents as well as precipitation height, i.e., the thickness of the layer of water produced during a day, with regard to subtropical cyclones. The bands are chosen according to the different harmonic modes of the oceanic Rossby waves. In each period band, the joint analysis of the amplitude and the phase of the state variables allow the estimation of the regionalized intensity of anomalies versus their time lag in relation to the date of occurrence of the extreme event. Regarding MHWs in the northwestern Pacific, it is shown how a warm SST anomaly associated with the northward component of the wind resulting from the low-pression system induces an SST response to latent and sensible heat transfer where the latitudinal SST gradient is steep. The SST anomaly is then shifted to the north as the phase becomes homogenized. As for subtropical cyclones, extreme events are the culmination of exceptional circumstances, some of which are foreseeable due to their relatively long maturation time. This is particularly the case of ocean–atmosphere interactions leading to the homogenization of the phase of SST anomalies that can potentially contribute to the supply of low-pressure systems. The same goes for the coalescence of distinct low-pressure systems during cyclogenesis. Some avenues are developed with the aim of better understanding how anthropogenic warming can modify certain key mechanisms in the evolution of those dynamic systems leading to extreme events. [ABSTRACT FROM AUTHOR]

Organisations attempt to contribute their share towards fighting the climate crisis by trying to reduce their emission of greenhouse gases effectively towards net zero. An instrument to guide their reduction efforts is internal carbon pricing. Next to choosing the right pricing tool, defining the exact value of an internal carbon price, especially against the background of potential regulatory external carbon prices, and assessing its impact on business units' energy systems poses a challenge for organisations. The academic literature has so far not examined the impact differences of an internal carbon price across different countries, which this paper addresses by using an optimisation model. First, it analyses the energy system cost increase of a real-world facility based on an internal carbon price compared to a potential regulatory carbon price within a country. Second, we evaluate the energy system cost increase based on an internal carbon price across different countries. The results show that with regard to internal carbon prices the additional total system cost compared to potential external carbon prices stays within 9%, 15%, and 59% for Germany, Japan, and the United Kingdom, respectively. The increase in the energy system cost in each country varies between 3% and 93%. For all countries, the cost differences can be reduced by allowing the installation of renewables. The integration of renewables via energy storage and power-to-heat technologies depends on the renewable potentials and the availability of carbon capture and storage. If organisations do not account for these differences, it might raise the disapproval of internal carbon prices within the organisation. [ABSTRACT FROM AUTHOR]