2,176 research outputs found
Amplification of wet and dry month occurrence over tropical land regions in response to global warming
Quantifying how global warming impacts the spatiotemporal distribution of precipitation represents a key scientific challenge with profound implications for human welfare. Utilizing monthly precipitation data from Coupled Model Intercomparison Project (CMIP3) climate change simulations, the results here show that the occurrence of very dry (10 mm/day) months comprises a straightforward, robust metric of anthropogenic warming on tropical land region rainfall. In particular, differencing tropics-wide precipitation frequency histograms for 25-year periods over the late 21st and 20th centuries shows increased late-21st-century occurrence of histogram extremes both in the model ensemble and across individual models. Mechanistically, such differences are consistent with the view of enhanced tropical precipitation spatial gradients. Similar diagnostics are calculated for two 15-year subperiods over 1979–2008 for the CMIP3 models and three observational precipitation products to assess whether the signature of late-21st-century warming has already emerged in response to recent warming. While both the observations and CMIP3 ensemble-mean hint at similar amplification in the warmer (1994–2008) subinterval, the changes are not robust, as substantial differences are evident among the observational products and the intraensemble spread is large. Comparing histograms computed from the warmest and coolest years of the observational period further demonstrates effects of internal variability, notably the El Niño/Southern Oscillation, which appear to oppose the impact of quasi-uniform anthropogenic warming on the wet tail of the monthly precipitation distribution. These results identify the increase of very dry and wet occurrences in monthly precipitation as a potential signature of anthropogenic global warming but also highlight the continuing dominance of internal climate variability on even bulk measures of tropical rainfall
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Sensitivity of terrestrial precipitation trends to the structural evolution of sea surface temperatures
Pronounced intermodel differences in the projected response of land surface precipitation (LSP) to future anthropogenic forcing remain in the Coupled Model Intercomparison Project Phase 5 model integrations. A large fraction of the intermodel spread in projected LSP trends is demonstrated here to be associated with systematic differences in simulated sea surface temperature (SST) trends, especially the representation of changes in (i) the interhemispheric SST gradient and (ii) the tropical Pacific SSTs. By contrast, intermodel differences in global mean SST, representative of differing global climate sensitivities, exert limited systematic influence on LSP patterns. These results highlight the importance to regional terrestrial precipitation changes of properly simulating the spatial distribution of large-scale, remote changes as reflected in the SST response to increasing greenhouse gases. Moreover, they provide guidance regarding which region-specific precipitation projections may be potentially better constrained for use in climate change impact assessments
The Political Economy of Myanmar's Transition
This is an Author's Original Manuscript of an article whose final and definitive form, the Version of Record, has been published in the JOURNAL OF CONTEMPORARY ASIA, 07 Feb 2013, copyright Taylor & Francis, available online at: http://www.tandfonline.com/10.1080/00472336.2013.764143.Since holding elections in 2010, Myanmar has transitioned from a direct military dictatorship to a formally democratic system and has embarked on a period of rapid economic reform. After two decades of military rule, the pace of change has startled almost everyone and led to a great deal of cautious optimism. To make sense of the transition and assess the case for optimism, this article explores the political economy of Myanmar's dual transition from state socialism to capitalism and from dictatorship to democracy. It analyses changes within Myanmar society from a critical political economy perspective in order to both situate these developments within broader regional trends and to evaluate the country's current trajectory. In particular, the emergence of state-mediated capitalism and politico-business complexes in Myanmar's borderlands are emphasised. These dynamics, which have empowered a narrow oligarchy, are less likely to be undone by the reform process than to fundamentally shape the contours of reform. Consequently, Myanmar's future may not be unlike those of other Southeast Asian states that have experienced similar developmental trajectories
Evaluating Greek equity funds using data envelopment analysis
This study assesses the relative performance of Greek equity funds employing a non-parametric method, specifically Data Envelopment Analysis (DEA). Using an original sample of cost and operational attributes we explore the e¤ect of each variable on funds' operational efficiency for an oligopolistic and bank-dominated fund industry. Our results have significant implications for the investors' fund selection process since we are able to identify potential sources of inefficiencies for the funds. The most striking result is that the percentage of assets under management affects performance negatively, a conclusion which may be related to the structure of the domestic stock market. Furthermore, we provide evidence against the notion of funds' mean-variance efficiency
WARNING: Physics Envy May Be Hazardous To Your Wealth!
The quantitative aspirations of economists and financial analysts have for
many years been based on the belief that it should be possible to build models
of economic systems - and financial markets in particular - that are as
predictive as those in physics. While this perspective has led to a number of
important breakthroughs in economics, "physics envy" has also created a false
sense of mathematical precision in some cases. We speculate on the origins of
physics envy, and then describe an alternate perspective of economic behavior
based on a new taxonomy of uncertainty. We illustrate the relevance of this
taxonomy with two concrete examples: the classical harmonic oscillator with
some new twists that make physics look more like economics, and a quantitative
equity market-neutral strategy. We conclude by offering a new interpretation of
tail events, proposing an "uncertainty checklist" with which our taxonomy can
be implemented, and considering the role that quants played in the current
financial crisis.Comment: v3 adds 2 reference
A dynamical framework for the origin of the diagonal South Pacific and South Atlantic convergence zones
The South Pacific Convergence Zone (SPCZ) and South Atlantic Convergence Zone (SACZ) are diagonal bands of precipitation that extend from the equator southeastward into the Southern Hemisphere over the western Pacific and Atlantic Oceans, respectively. With mean precipitation rates over 5 mm day−1, they are a major component of the tropical and global climate in austral summer. However, their basic formation mechanism is not fully understood. Here, a conceptual framework for the diagonal convergence zones is developed, based on calculations of the vorticity budget from reanalysis and Rossby wave theory. Wave trains propagate eastward along the Southern Hemisphere subtropical jet, with initially quasi-circular vorticity centres. In the zonally sheared environment on the equatorward flank of the jet, these vorticity centres become elongated and develop a northwest-southeast tilt. Ray tracing diagnostics in a non-divergent, barotropic Rossby wave framework then explain the observed equatorward propagation of these diagonal vorticity structures toward the westerly ducts over the equatorial Pacific and Atlantic. The baroclinic component of these circulations leads to destabilisation and ascent ahead of the cyclonic vorticity anomaly in the wave, triggering deep convection because of the high sea surface temperatures in this region. Latent heat release then forces additional ascent and strong upper-tropospheric divergence, with an associated anticyclonic vorticity tendency. A vorticity budget shows that this cancels out the advective cyclonic vorticity tendency in the wave train over the SPCZ, and dissipates the wave within a day. The mean SPCZ is consequently comprised of the sum of these pulses of diagonal bands of precipitation. Similar mechanisms also operate in the SACZ. However, the vorticity anomalies in the wave trains are stronger, and the precipitation and negative feedback from the divergence and anticyclonic vorticity tendency are weaker, resulting in continued propagation of the wave and a more diffuse diagonal convergence zone
The role of tropical-extratropical interaction and synoptic variability in maintaining the South Pacific Convergence Zone in CMIP5 models
The South Pacific Convergence Zone (SPCZ) is simulated as too zonal a feature in current generation climate models, including those in Phase 5 of the Coupled Model Intercomparison Project (CMIP5). This zonal bias induces errors in tropical convective heating, with subsequent effects on global circulation. The SPCZ structure, particularly in the subtropics, is governed by the tropical-extratropical interaction between transient synoptic systems and the mean background state. However, the fidelity of synoptic-scale interactions as simulated by CMIP5 models has not yet been evaluated. In this study, analysis of synoptic variability in the simulated subtropical SPCZ reveals that the basic mechanism of tropical-extratropical interaction is generally well simulated, with storms approaching the SPCZ along comparable trajectories to observations. However, there is a broad spread in mean precipitation and its variability across the CMIP5 ensemble. Inter-model spread appears to relate to a biased background state in which the synoptic waves propagate. In particular, the region of mean negative zonal stretching deformation or "storm graveyard" in the upper troposphere?a feature previously determined to play a key role in SPCZ-storm interactions?is typically displaced in CMIP5 models to the northeast of its position in reanalysis data, albeit with individual model graveyards displaying a pronounced (25 degree) longitudinal spread. From these findings, we suggest that SPCZs simulated by CMIP5 models are not simply too zonal; rather, in models the subtropical SPCZ manifests a diagonal tilt similar to observations while SST biases force an overly zonal tropical SPCZ, resulting in a more disjointed SPCZ than observed
An Account of the Collections Which Illustrate the Labors of Dr. Asa Fitch
Volume: 2 ; Start Page: 273 ; End Page: 27
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