Abstract: The main purpose of this paper is to investigate thelong-run equilibrium and short-run dynamics of international housing prices when macroeconomic variables change. We apply the Pedroni’s, panel cointegration, using the unbalanced panel data analysis of 33 countries over the period from 1980Q1 to 2013Q1, to examine the relationships among house prices and macroeconomic variables. Our empirical results of panel data cointegration tests support the existence of a cointegration among these macroeconomic variables and house prices. Besides, the empirical results of panel DOLS further present that a 1% increase in economic activity, long-term interest rates, and construction costs cause house prices to respectively change 2.16%, -0.04%, and 0.22% in the long run.Furthermore, the increasing economic activity and the construction cost would cause strongerimpacts on the house prices for lower income countries than higher income countries.The results lead to the conclusion that policy of house prices growth can be regarded as economic growth for lower income countries. Finally, in America region, the coefficient of economic activity is the highest, which displays that increasing economic activity causes a faster rise in house prices there than in other regions. There are some special cases whereby the coefficients of interest rates are significantly positive in America and Asia regions.
Abstract: Electronic nose (array of chemical sensors) are widely
used in food industry and pollution control. Also it could be used to
locate or detect the direction of the source of emission odors. Usually
this task is performed by electronic nose (ENose) cooperated with
mobile vehicles, but when a source is instantaneous or surrounding is
hard for vehicles to reach, problem occurs. Thus a method for
stationary ENose to detect the direction of the source and locate the
source will be required. A novel method which uses the ratio between
the responses of different sensors as a discriminant to determine the
direction of source in natural wind surroundings is presented in this
paper. The result shows that the method is accurate and easily to be
implemented. This method could be also used in movably, as an
optimized algorithm for robot tracking source location.