Cointegration and the demand for gasoline

Since the early 1970s there has been a worldwide upsurge in the price of energy and in particular of gasoline. Therefore, demand functions for energy and its components like gasoline have received much attention. However, since confidence in the estimated demand functions is important for use in policy and forecasting, following Amarawickrama and Hunt (2008), this paper estimates the demand for gasoline is estimated with 6 alternative time series techniques with data from Fiji. Estimates with these 6 alternative techniques are very close and thus increase our confidence in them. We found that gasoline demand is both price and income inelastic.Gasoline Demand, Income and price elasticities, Cointegration

The Relationship Between Growth and Investment

This paper utilizes the growth accounting framework to derive and analyze the relationship between the rate of growth of output and the ratio of investment to output. With plausible parametric assumptions this framework is used to examine the recent controversy in Fiji on investment and growth. Our results support the concerns of some USP economists that a 5% growth rate for Fiji needs significantly higher investment rates and institutional reforms.Investment ratio, Growth targets, Growth accounting, Total Factor Productivity.

Investment Ratio and Growth

In growth and development policy investment ratio is an important policy instrument. However, there is no well defined framework to determine what should be the investment ratio for a given growth target. This paper explains the potential of Solow (1956) and Solow (1957) to explain the relationship between the target growth rate and investment ratio. Hypothetical data are used for illustration.Investment ratio, Growth targets, Growth accounting, Total Factor Productivity, Neo classical growth model.

Tectonic evolution of greenstone-Gneiss association in Dharwar Craton, South India: Problems and perspectives for future research

The two fold stratigraphic subdivision of the Archean-Proterozoic greenstone-gneiss association of Dharwar craton into an older Sargur group (older than 2.9 Ga.) and a younger Dharwar Supergroup serves as an a priori stratigraphic model. The concordant greenstone (schist)-gneiss (Peninsular gneiss) relationships, ambiguities in stratigraphic correlations of the schist belts assigned to Sargur group and difficulties in deciphering the older gneiss units can be best appreciated if the Sargur group be regarded as a trimodal association of: (1) ultrabasic-mafic metavolcanics (including komatiites), (2) clastic and nonclastic metasediments and paragneisses and (3) mainly tonalite/trondhemite gneisses and migmatites of diverse ages which could be as old as c. 3.4 ga. or even older. The extensive occurrence of this greenstone-gneiss complex is evident from recent mapping in many areas of central and southern Karnataka State

Experimental investigations on the impedance behavior of a short, cylindrical antenna in a lossy magnetoplasma

Impedance of cylindrical antennas in lossy magnetoplasmas and interpretations of maxima in cosmic noise intensities and ionogram