Estimates of the level and growth effects of human capital in India

In the extended Solow growth model of Mankiw, Romer and Weil (1992) human capital has only permanent level and no growth effects. In the endogenous growth models human capital is a growth improving variable. Human capital may have both a permanent level and a permanent growth effect. We show, with data from India, that both the level and growth effects of human capital can be estimated with an extension to the Solow model.Solow model, Level and growth effects of human capital and India

Globalization and growth in the low Income African countries with the extreme bounds analysis

The relationship between globalization and economic growth, especially in the poorer developing countries, is controversial. Many previous studies have used single globalization indicators such as the ratio of exports plus imports to GDP. This paper uses a comprehensive measure of a globalization of Dreher (2006), which is based on measures of globalization of the economic, social and political sectors. Panel data estimates with data of 21 low income African countries show a small but significant positive permanent growth effects. The sensitivity of this growth effect is examined with the extreme bounds analysis (EBA). Contrary to the findings by Levine and Renelt (1992) that cross country growth relationships are fragile, the effects of globalization and some other determinants of the long run growth rate are found to be robust by EBA.Globalization, Economic growth, Solow model, Africa and Extreme bounds analysis.

Growth Effects of Globalization in the Low Income African Countries: A Systems GMM Panel Data Approach

The relationship between globalization and economic growth in the developing countries remains controversial. Liberals argue that globalization will lead to higher economic growth and prosperity. Skeptics contend the opposite, where globalization processes might lead to increased inequality and lower economic growth. Previous studies have examined this issue with single indicators such as trade openness or foreign direct investment (FDI) or aid etc. In this study we make use of a comprehensive measure of globalization developed by Dreher (2006), which measures globalization along three important dimensions viz., economic, political, and social fields to assess the pros and cons of globalization. Our panel data results with a systems based GMM (SGMM) method show a small but significant positive association between globalization and economic growth for a panel of 21 low income African countries for the period 1970 – 2005.: Globalization, Economic growth, Solow model, Africa

Growth Effects of a Comprehensive Measure of Globalization with Country Specific Time Series Data

Many studies have estimated the growth effects of globalization where globalization was measured with a few economic variables, ignoring its social and political dimensions. Recently Dreher (2006) has developed a comprehensive measure of globalization with several variables from the economic, political and social sectors. He showed, with the panel data methods, that globalization has positive growth effect implying that countries with higher globalization grow faster. We argue that five year average growth rates, used in many panel data studies, are inadequate proxies for the unobservable steady state growth rate (SSGR). Using the Dreher indices we extend the Solow (1956) model to derive country specific estimates of SSGRs for Singapore, Malaysia, Thailand, India and the Philippines. Our results show that countries with higher levels of globalization have higher SSGRs but the growth effects on SSGRs are smaller than in many studies.Globalization, Solow Model, Country Specific Steady State Growth Rates

Design and Development of an Airblast Atomiser for the KAVERI engine and the sectoral combustor tests

This report deals with the design and development of an airblast atomiser for application in the KAVERI engine. Five atomisers of the chosen design were fabricated and tested at ambient conditions to determine the fuel spray SMD, patternation, cone angle and atomiser flow number. The atomiser performance parameters specified were achieved and hot tests carried out in the 90° combustor sector. The combustor pressure loss, exit temperature distribution, ignition and stability limits were evaluate

Financial developments and the rate of growth of output: An alternative approach

This paper uses a new specification and approach to estimate the effects of financial developments on the steady state rate of growth of output in India, Malaysia, Korea, Thailand and the Philippines for the period 1970 to 2006. These growth effects, though small, are found to be significant except for the Philippines. The trend rate of growth of total factor productivity (TFP), which is due to the omitted but trended variables, is the highest for Malaysia and moderate for India and Thailand. However, TFP is insignificant or negative in the Philippines and Korea.Growth Rates. Financial developments, Solow Model, Country Specific Steady State

TRIPOLAR FUZZY SOFT IDEALS AND TRIPOLAR FUZZY SOFT INTERIOR IDEALS OVER Γ−SEMIRING

In this paper, we have introduced the notion of tripolar fuzzy soft $\Gamma -$subsemi-ring,tripolar fuzzy soft ideal, tripolar fuzzy soft interior ideals over $\Gamma -$semiring and also studiedsome of their algebraic properties and the relations between them

Research Issues in Cloud Computing

Cloud computing moved away from personal computers and the individual enterprise application server to services provided by the cloud of computers The emergence of cloud computing has made a tremendous impact on the Information Technology IT industry over the past few years Currently IT industry needs Cloud computing services to provide best opportunities to real world Cloud computing is in initial stages with many issues still to be addressed The objective of this paper is to explore the different issues of cloud computing and identify important research opportunities in this increasingly important area We present different design challenges categorized under security challenges Data Challenges Performance challenges and other Design Challenge