Savings and Financial Sector Development: Panel Cointegration Evidence from Africa

financial sector development, private savings, panel cointegration tests, Africa

Financial Sector Development - Futile or Fruitful? An Examination of the Determinants of Savings in Sri Lanka

saving, financial sector development, cointegration, principal components, Sri Lanka

Cherenkov-drift emission mechanism

Emission of a charged particle propagating in a medium with a curved magnetic field is reconsidered stressing the analogy between this emission mechanism and collective Cherenkov-type plasma emission. It is explained how this mechanism differs from conventional Cherenkov, cyclotron or curvature emission and how it includes, to some extent, the features of each of these mechanisms. Presence of a medium supporting subluminous waves is essential for the possibility of wave amplification by particles streaming along the curved magnetic field with a finite curvature drift. We suggest an analogy between the curvature drift emission and the anomalous cyclotron-Cherenkov emission. Treating the emission in cylindrical coordinates in the plane-wave-like approximation allows one to compute the single particle emissivity and growth rate of the Cherenkov-drift instability. We compare the growth rates calculated using the single particle emissivity and using the dielectric tensor of one dimensional plasma streaming along the curved field. In calculating the single particle emissivity it is essential to know the normal modes of the medium and their polarization which can be found from the dielectric tensor of the medium. This emission mechanism may be important for the problem of pulsar radio emission generation

Anode power deposition in applied-field MPD thrusters

Anode power deposition is the principal performance limiter of magnetoplasmadynamic (MPD) thrusters. Current thrusters lose between 50 and 70 percent of the input power to the anode. In this work, anode power deposition was studied for three cylindrical applied magnetic field thrusters for a range of argon propellant flow rates, discharge currents, and applied-field strengths. Between 60 and 95 percent of the anode power depositions resulted from electron current conduction into the anode, with cathode radiation depositing between 5 and 35 percent of the anode power, and convective heat transfer from the hot plasma accounting for less than 5 percent. While the fractional anode power loss decreased with increasing applied-field strength and anode size, the magnitude of the anode power increased. The rise in anode power resulted from a linear rise in the anode fall voltage with applied-field strength and anode radius. The anode fall voltage also rose with decreasing propellant flow rate. The trends indicate that the anode fall region is magnetized, and suggest techniques for reducing the anode power loss in MPD thrusters

Eductive stability in real business cycle models

We re-examine issues of coordination in the standard RBC model. Can the unique rational expectations equilibrium be “educed” by rational agents who contemplate the possibility of small deviations from equilibrium? Surprisingly, we find that coordination along this line cannot be expected. Rational agents anticipating small but possibly persistent deviations have to face the existence of retroactions that necessarily invalidate any initial tentative “common knowledge” of the future. This "impossibility" theorem for eductive learning is not fully overcome when adaptive learning is incorporated into the framework.standard RBC model ; coordination

Economic Impact Analysis of Marker-Assisted Breeding in Rice

The benefits of developing and releasing salinity-tolerant and phosphorous-deficiency-tolerant rice in Bangladesh, India, Indonesia and the Philippines were estimated for marker-assisted breeding as compared to conventional breeding using economic surplus analysis. Marker-assisted breeding is estimated to save at least 2 to 3 years in the breeding cycle and result in incremental benefits over 25 years in the range of $300 to$800 million depending on the country, stress, and time lags. Salinity and phosphorous deficient soils are difficult problems to solve through conventional breeding because of “genetic load” or undesirable traits that accompany desirable ones during backcrossing. MAB, enabled by advances in genomics and molecular mapping is more precise and hence time-saving. Solving salinity and P-deficiency problems is important, regardless of whether MAB or CB is used, as the cumulative benefits are at least $220 million and as much as$4 billion over the next 25 years depending on the problem and country.Crop Production/Industries,

THE ECONOMIC IMPACT OF PEANUT RESEARCH ON POVERTY REDUCTION: RESISTANCE STRATEGIES TO CONTROL PEANUT VIRUSES IN UGANDA

Economic impacts of research that developed Rosette Virus-resistance peanut in Uganda are estimated. Changes in economic surplus are calculated and combined with household data to assess changes in poverty rates and effects on livelihoods of the poor. The poverty rate may decline up to 1.5 percent as a result of the research.Research and Development/Tech Change/Emerging Technologies,