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Finding the Center of Gravity01:03

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The center of gravity of a body is an imaginary point where the body's total weight is assumed to be concentrated, and the body is perfectly balanced. The center of the mass of a body is a point at which the whole of the mass of the body appears to be concentrated. If the acceleration due to gravity, g, has the same value at all points on a body, its center of gravity is identical to its center of mass. The center of gravity of homogeneous bodies such as a sphere, cube, or rectangular plate...
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Consider a coffee mug hanging on a hook in a pantry. If the mug gets knocked, it oscillates back and forth like a pendulum until the oscillations die out.
A simple pendulum can be described as a point mass and a string. Meanwhile, a physical pendulum is any object whose oscillations are similar to a simple pendulum, but cannot be modeled as a point mass on a string because its mass is distributed over a larger area. The behavior of a physical pendulum can be modeled using the principles of...
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Gravity between Spherical Bodies01:27

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Newton's law of gravitation describes the gravitational force between any two point masses. However, for extended spherical objects like the Earth, the Moon, and other planets, the law holds with an assumption that masses of spherical objects are concentrated at their respective centers.
This assumption can be proved easily by showing that the expression for gravitational potential energy between a hollow sphere of mass (M) and a point mass (m) is the same as it would be for a pair of extended...
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Variation in Acceleration due to Gravity near the Earth's Surface01:20

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An object's apparent weight is its weight measured by a spring balance at its location. It is different from its true weight, the force with which the Earth pulls it, because of the Earth's rotation. Mathematically, an object's apparent weight equals its true weight minus the centripetal force that keeps it in a circular motion along with the Earth's surface every 24 hours.
The difference between the true and apparent weights is proportional to the square of the Earth's...
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Fluid Pressure over Flat Plate of Variable Width01:02

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When a flat plate is submerged in a fluid, the fluid exerts pressure on the plate. This pressure can lead to many different phenomena, including drag and buoyancy. To understand the behavior of the fluid over a flat plate of variable width, it is essential to analyze the distribution of the pressure exerted.
The pressure distribution on the plate can be calculated by determining the force that acts on a differential area strip of the plate. Thus, the magnitude of the force is equal to the...
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Fluid Pressure over Curved Plate of Constant Width01:12

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When a curved plate of constant width is submerged in a liquid, the pressure acting normal to the plate varies continuously both in magnitude and direction. Calculating the magnitude and location of the resultant force at a point is often challenging for such cases. One of the methods to determine the resultant force and its location involves separately calculating the horizontal and vertical components of the resultant force. This complex calculation can be simplified by representing the...
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Related Experiment Video

Updated: Oct 12, 2025

Tracking Infiltration Front Depth Using Time-lapse Multi-offset Gathers Collected with Array Antenna Ground Penetrating Radar
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Uncovered interest rate parity: A gravity-panel approach.

Vanessa Orellana1, Gabriel Pino2

  • 1Magíster en Economía, Facultad de Economía y Negocios, Universidad de Talca, Campus Talca, Av. Lircay s/n, Talca, Chile.

Heliyon
|November 24, 2021
PubMed
Summary
This summary is machine-generated.

Uncovered interest rate parity (UIRP) holds for high-income countries but not for medium-income nations. This study uses a novel gravity panel approach to examine exchange rate and interest rate relationships.

Keywords:
Gravity panelLong-term interest rateNominal exchange rateUIRP

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Area of Science:

  • Economics
  • International Finance
  • Econometrics

Background:

  • Uncovered interest rate parity (UIRP) posits a link between interest rate differentials and expected exchange rate changes.
  • Traditional UIRP tests often yield mixed results, necessitating alternative methodological approaches.
  • The economic implications of UIRP validity vary significantly across different country income groups.

Purpose of the Study:

  • To investigate the empirical validity of uncovered interest rate parity (UIRP).
  • To model interest rate differentials as a function of expected nominal exchange rate changes using a novel approach.
  • To analyze UIRP validity across different country income levels, specifically high-income versus medium-income economies.

Main Methods:

  • Employs a gravity panel data methodology.
  • Models the interest rate differential as dependent on the expected nominal exchange rate change.
  • Utilizes all available nominal exchange rates within the sample for comprehensive analysis.

Main Results:

  • Provides evidence supporting the validity of UIRP for high-income economies.
  • Rejects the hypothesis of UIRP for medium-income countries.
  • The gravity panel approach offers a unique perspective on exchange rate dynamics.

Conclusions:

  • UIRP holds in developed, high-income economies.
  • The relationship predicted by UIRP does not apply to medium-income countries.
  • Findings highlight the heterogeneous nature of exchange rate parity conditions across economies.