An appraisal of the impact of international trade on economic growth of India- through the ARDL approach

Purpose: The study examines the impact of international trade on economic growth of India by using the Autoregressive Distributive Lag Model (ARDL) technique. The study further adopts Trade Openness Index to analyze the growing integration of India’s external trade with the outside world. Design/Methodology/Approach: The study employs the Augmented Dickey Fuller (ADF) Test for unit root and Autoregressive Distributive Lag Model (ARDL) cointegration approach which entails the Wald Test, Long run OLS estimation test, Error Correction and short Run relationship estimation test, as well as the short run Causality test. The data on the variables of model and Trade Openness Indicator were sourced from the various data sources of the Handbook of Statistics on the Indian Economy and the UNCTAD, World Bank Databases. The Data for the index and the model is collected and analysed for the period of 1991 to 2017. Findings: The analysis of the Augmented Dickey fuller (ADF) test for unit root shows that the series were of different order, I(1) and I(0), hence the Autoregressive Distributive Lag Model (ARDL) co-integration technique was employed by the study. The long run relationship of the underlying variables is detected through the F-statistic (Wald test) which shows that the series are co-integrated. Long run relationship estimates presents a positive and significant relationship between exports and domestic investment with GDP. The analysis presents that the relationship between the variables imports and exchange rate with GDP was found to be negative, but statistically insignificant and the speed of adjustment term (Error Correction Term) was also found to be significant. Short run causality result reveals the presence of short run causality between exports, domestic investment and exchange rate to GDP. Practical Implications: The paper concludes a positive relationship between international trade and economic growth and supports the ideology of mercantilism to encourage exports through trade promotion and increased participation of India in the world markets. Originality/Value: The authors conclude a positive impact of international trade on India’s economic growth and long run relationship estimates present a positive and significant relationship between exports and domestic investment with GDP. Further analysis on implications on bilateral treaties and tariffs would add value to the current study.peer-reviewe

Reviving Gujarat State Road Transport Corporation: An Agenda for Action

In this article, we examine in detail the reasons related to the declining operating and financial performance of Gujarat State Road Transport Corporation (GSRTC). The contribution of various environmental and governance issues related to the decline of GSRTC are identified. Based on the diagnosis, a detailed revival plan consisting of a set of actions to be undertaken by the management is proposed. The responsibilities of the government, the management, and the employees in implementing the revival plan are briefly discussed. This article concludes with set of strategic priorities that need to be examined by government in reviving GSTRC and other similar state-owned public utilities.

Stretching force dependent transitions in single stranded DNA

Mechanical properties of DNA, in particular their stretch dependent extension and their loop formation characteristics, have been recognized as an effective probe for understanding the possible biochemical role played by them in a living cell. Single stranded DNA (ssDNA), which, till recently was presumed to be an simple flexible polymer continues to spring surprises. Synthetic ssDNA, like polydA (polydeoxyadenosines) has revealed an intriguing force-extension (FX) behavior exhibiting two plateaus, absent in polydT (polydeoxythymidines) for example. Loop closing time in polydA had also been found to scale exponentially with inverse temperature, unexpected from generic models of homopolymers. Here we present a new model for polydA which incorporates both a helix-coil transition and a over-stretching transition, accounting for the two plateaus. Using transfer matrix calculation and Monte-Carlo simulation we show that the model reproduces different sets of experimental observations, quantitatively. It also predicts interesting reentrant behavior in the temperature-extension characteristics of polydA, which is yet to be verified experimentally.Comment: 5 pages, 3 figure

Comparative Study of Magnetic Properties of Nanoparticles by High-Frequency Heat Dissipation and Conventional Magnetometry

The rate of heating of 15 nm uniformly-sized magnetic aqueous nanoparticles suspension by high-amplitude and high-frequency ac magnetic field induced by the resonating LC circuit was measured. The results are analyzed in terms of specific energy absorption rate (SAR). Fitting field amplitude and frequency dependences of SAR to the linear response theory, magnetic moment per particles was extracted. The value of magnetic moment was independently evaluated from dc magnetization measurements of a frozen colloid by fitting field-dependent magnetization to a Langevin function. The two methods produced similar results, which are compared to the theoretical expectation for this particle size. Additionally, analysis of SAR curves yielded effective relaxation time

Second Line of Defense Virtual Private Network Guidance for Deployed and New CAS Systems

This paper discusses the importance of remote access via virtual private network (VPN) for the Second Line of Defense (SLD) Central Alarm System (CAS) sites, the requirements for maintaining secure channels while using VPN and implementation requirements for current and future sites

Configuration Software for Packet Radio Data Communication

In the normal course of communication, the NOS system may communicate withpacket data communication system of another. This is because all systemscommunicating using the protocol AX.25 (Amateur X.25), which is a variant of X.25,shown for packet radio communications.Communication has not been so perfectly executed. There are still many problemsthat arise. This is because communication is carried out using HT communication toolthat has little power. Besides having a lot of interference, the communication can notreach remote areas to get a wave of other radio BBS server