Modelling Financial Contagion in the South African Equity Markets Following the Subprime Crisis

This paper used wavelet analysis and Dynamic Conditional Correlations model derived from the Multivariate Autoregressive Conditional Heteroskedasticity (MGARCH-DCC) to investigate the possible presence of financial contagion in the South African equity market in the wake of the subprime crisis that occurred in the United States. The study uses Dornbusch, Park and Claessens’s (2000) broader definition which asserts that financial contagion only takes place if cross-correlation between two markets is relatively low during the tranquil period, and that a crisis in one market results in a substantial increase cross-market correlation. Using wavelet analysis, the study found high levels of correlation during the subprime financial crisis in both smaller and longer timescales. In the former, high correlation was identified as financial contagion, whereas in the latter it was found to indicate co-movement due to financial fundamentals. The high correlation was identified for small scales 3, 4 and 5 that range from a week to one month indicates the presence of contagion. The study also used the MGARCH-DCC model to compare the cross-market correlation between the SA and the US markets, during a ‘pre-crisis’ and ‘crisis’ period. The study used data for the period between January 2005 and December 2007 for the ‘pre-crisis’ period and that for the period from January 2008 to December 2014 for the ‘crisis’ period. The results indicate cross-market linkages only during the crisis period; hence, it was concluded that cross-market correlation during the period of financial turmoil in the US was the result of financial contagion

End-User Adoption of Bitcoin in South Africa

Since its introduction in 2008, the value and popularity of Bitcoin have risen exponentially.  Despite being 10 years old, the concept of crypto currency is fairly new in South Africa. The increase in the value of Bitcoin, together with extensive media coverage, has led to the creation of a Bitcoin economic system with many South Africans jumping on the Bitcoin bandwagon. This study aims to identify the determinants affecting end-user adoption of Bitcoin in South Africa and to determine the main use of the crypto currency by South Africans. A research model was developed utilising constructs from the technology acceptance model and theory of planned behaviour. The model was then tested empirically by utilising two survey-based questionnaires, one for current users of Bitcoin and one for non-users. For users, perceived usefulness and access to facilitating conditions were the primary determinants influencing their decision to adopt the crypto currency while lack of trust and social influences were the primary reasons non-users chose not to adopt Bitcoin.  &nbsp

Building Socio-culturally Inclusive Stereotype Resources with Community Engagement

With rapid development and deployment of generative language models in global settings, there is an urgent need to also scale our measurements of harm, not just in the number and types of harms covered, but also how well they account for local cultural contexts, including marginalized identities and the social biases experienced by them. Current evaluation paradigms are limited in their abilities to address this, as they are not representative of diverse, locally situated but global, socio-cultural perspectives. It is imperative that our evaluation resources are enhanced and calibrated by including people and experiences from different cultures and societies worldwide, in order to prevent gross underestimations or skews in measurements of harm. In this work, we demonstrate a socio-culturally aware expansion of evaluation resources in the Indian societal context, specifically for the harm of stereotyping. We devise a community engaged effort to build a resource which contains stereotypes for axes of disparity that are uniquely present in India. The resultant resource increases the number of stereotypes known for and in the Indian context by over 1000 stereotypes across many unique identities. We also demonstrate the utility and effectiveness of such expanded resources for evaluations of language models. CONTENT WARNING: This paper contains examples of stereotypes that may be offensive

Incentives for Managing Water Demands: Lessons from the Umgeni River Basin, KwaZulu-Natal, South Africa

This paper examines the incentives for managing water demands from a catchment or basin perspective by focusing on defined property rights dimensions. Using property rights theory, the paper has investigated the existence of relationships between attributes of property rights and intentions of water users to conserve water. A case study was used to test whether property rights can be used as incentives in the management of water demands. The results from the analyses that were conducted using IBM SPSS indicated that property rights would be very significant in curtailing water demands in a catchment by acting as incentives in water resource utilisation, specifically by motivating water user users to conserve water. This is an important finding because it would thus help water resource managers to use a properly defined property rights system (better duration and secure tenure) to enable water users curtail the ever-increasing water demands in the river basins

Oral Health Consequences of Use of Smokeless Tobacco in North India: A Cross-Sectional Survey

Objective: To evaluate the effects of commonly used smokeless tobacco forms on oral health at habitual placement sites of smokeless tobacco compared to non-placement sites among the North Indian population. Material and Methods: This cross-sectional study was conducted among 542 individuals using smokeless tobacco recruited from the outpatient wing of the Dental College. Subjects completed a questionnaire and received an oral examination. Periodontal pocket depth, gingival index, plaque index, gingival recession, and oral mucosal changes were assessed. Kendal’s Tau test, paired t-test, and chi-square test were carried out to compare different variables among placement and non-placement sites. Results: Most of the subjects were male, reporting an average of 11.26 years of SLT use. Clinical inflammation of gingiva was significantly greater (p=0.01) at placement-sites (1.64 ± 0.53) of SLT in comparison to non-placement-sites (1.40 ± 0.41). The difference in the GR and PPD at placement and non-placement-sites was also statistically significant with p=0.002 and p=0.001, respectively. Clinically, the majority of subjects had mucosal changes at the placement sites, and a statistically significant association (p=0.034) was observed between the duration of the use of smokeless tobacco and the mucosal changes. Conclusion: Smokeless tobacco use predisposes to increased risk of periodontal diseases and oral mucosal changes at the placement sites in an individual due to the local irritant effect

Identifying the Potential Determinants of Tobacco Counseling Implementation among Oral Health Professionals of India: A Cross-Sectional Survey

Objective: To identify the potential determinants of tobacco counseling implementation among oral health professionals in India. Material and Methods: A cross-sectional survey was carried out among the 298 dentists of Aligarh and Gwalior. The questionnaire used in the study had sections on dentists\u27 sociodemographic data and a 35-item questionnaire to assess the potential determinants of tobacco cessation counseling. Descriptive statistics were carried out, and a Chi-square test was utilized to determine the association. P-value <0.05 was considered statistically significant. Results: Domains "knowledge", "Professional Responsibility and Identity", and "Remembrance, awareness, and judgment" showed a statistically significant correlation with most tobacco cessation counseling behaviors. In addition, undergraduate education received in Tobacco Cessation counseling, and Continuing education received in Tobacco Cessation counseling had significantly impacted the practice of tobacco cessation counseling (p=0.02 and 0.04, respectively). Conclusion: This study suggests that "Knowledge", "Professional Responsibility and Identity" and "Remembrance, awareness, and judgment" are the potential determinants that could be used to design effective strategies to enhance tobacco counseling among dentists in India

Oral Health Consequences of Use of Smokeless Tobacco in North India: A Cross-Sectional Survey

Objective: To evaluate the effects of commonly used smokeless tobacco forms on oral health at habitual placement sites of smokeless tobacco compared to non-placement sites among the North Indian population. Material and Methods: This cross-sectional study was conducted among 542 individuals using smokeless tobacco recruited from the outpatient wing of the Dental College. Subjects completed a questionnaire and received an oral examination. Periodontal pocket depth, gingival index, plaque index, gingival recession, and oral mucosal changes were assessed. Kendal’s Tau test, paired t-test, and chi-square test were carried out to compare different variables among placement and non-placement sites. Results: Most of the subjects were male, reporting an average of 11.26 years of SLT use. Clinical inflammation of gingiva was significantly greater (p=0.01) at placement-sites (1.64 ± 0.53) of SLT in comparison to non-placement-sites (1.40 ± 0.41). The difference in the GR and PPD at placement and non-placement-sites was also statistically significant with p=0.002 and p=0.001, respectively. Clinically, the majority of subjects had mucosal changes at the placement sites, and a statistically significant association (p=0.034) was observed between the duration of the use of smokeless tobacco and the mucosal changes. Conclusion: Smokeless tobacco use predisposes to increased risk of periodontal diseases and oral mucosal changes at the placement sites in an individual due to the local irritant effect

Field Bund & Border as Alternative Land Use for Forage Production: A Case of Marginal Farmer in Bundelkhand Region of India

In India, if marginal farmers are approached for production of forage grasses in their agricultural lands, the response of the farmers would be straight forward „NO‟ to the forage crops on agricultural lands. The reason is that food grains (cereals & pulses), vegetables, oilseeds, fruits, etc. are grown on agricultural land and get the first preference for family members, while the forage grasses are least preferred, as crops residues are being fed to livestock. More than 60% of the farm produce come from the small farms only. The productivity of the marginal and small farmers is the solution for growing population food needs. Most of the marginal and small farmers cultivate the farm land with the support of their family members and local labour which the quality of the work is higher. They grow multiple crops and sow as soon as they harvest. The last four decades has witnessed a sharp decline in the average size of operational land holdings in India. The average size of operational land holdings has reduced by half from 2.28 ha in 1970-71 to 1.6 ha in 2010-11. Land holdings in the marginal category (less than 1 ha) constitute 67% of the operational holdings in India (2010-11). Marginal and small holdings together, constitute 85% in terms of number of operational holdings and 44% of the operated area in the country. Thus, over the period, the marginal category has emerged as a distinct and dominant class by itself with its average size dwindling to a mere 0.38 ha. (NABARD, 2014). This is the case study of an illiterate & marginal farmer, Shri Vijay Singh Kushwaha (37) S/o shri Dhan Singh resides in Kushwaha Dera at village Parasai (under Babina development block) in Jhansi district of Uttar Pradesh, Bundelkhand region of central India. He used to cultivate only monsoon crops, was the target of an extension programme initiated by ICAR-Central Agroforestry Research Institute, Jhansi in 2011 under the project “Enhancing groundwater recharge and water use efficiency in Semi-Arid Tropics region through watershed interventions, Parasai-Sindh watershed, Jhansi”. The watershed is being developed in consortia mode with ICAR-Central Agroforestry Research Institute, Jhansi, and International Crop Research Institute for Semi-Arid Tropics (ICRISAT), Hyderabad. The watershed comprises three villages namely Parasai, Chhatpur and Bachhauni and located between 250 23‟56‟‟ to 250 27‟ 9.34‟‟ N latitude and 780 19‟ 45.71‟‟ to 780 22‟ 42.57‟‟E longitude. The watershed is about 35 km in the West of the district headquarter. Bundelkhand is prone to severe drought leading to huge migration towards cities in search of livelihoods and the scarcity of green fodder posed as one of the major hindrances for dairy and livestock production activity in the region

DBNS: A Distributed Blockchain-Enabled Network Slicing Framework for 5G Networks

5G technology is expected to enable many innovative applications in different verticals. These applications have heterogeneous performance requirements (e.g., high data rate, low latency, high reliability, and high availability). In order to meet these requirements, 5G networks endorse network flexibility through the deployment of new emerging technologies, mainly network slicing and mobile edge computing. This article introduces a distributed blockchain-enabled network slicing (DBNS) framework that enables service and resource providers to dynamically lease resources to ensure high performance for their end-to-end services. The key component of our framework is global service provisioning, which provides admission control for incoming service requests along with dynamic resource assignment by means of a blockchain-based bidding system. The goal is to improve users’ experience with diverse services and reduce providers’ capital and operational expenditure

\u3cem\u3e Albizia procera\u3c/em\u3e Based Silvipastoral System: An Ideal Alternate Land Use System for Sustainable Forage Production in Semi-Arid Region

India’s economy is agro-based and about 69% of the total population depends on it for their livelihood (GoI, 2013). Livestock is the integral component of Indian agriculture since time immemorial. Its contribution to national economy through milk, meat, wool as well as farmyard manure is enormous. India has the largest number of livestock, representing over 17% of the world. Among four important species of livestock, cattle represent over 43% of the population followed by buffaloes (19%), goats (26%) and sheep (10%). The share of livestock reared is highest in marginal followed by small and semi-medium land holders implying that marginal holders and small land holders are playing seminal role in development of livestock sector in country. The productivity of livestock and growth of animal husbandry are closely linked with the biomass and quality of forages. Currently there has been radical change in realising the importance of forages in integrated farming system, crop diversification, watershed management, restoration of degraded lands and climate resilient agriculture. Grasslands represent some 70% of global agricultural land area; unfortunately as much as 35% of the grasslands are degraded. The insufficient fodder availability has adversely affected all the three systems of livestock production. Silvipasture systems is an integrated approach of growing ideal combinations of grasses, legumes and trees for higher land productivity, conserving biodiversity and nutrients and producing forage, timber and firewood from a single unit area on a sustainable basis. The trees and shrubs used in silvipasture are used primarily to produce fodder for livestock. Looking at the enormous production potential of the slivipastoral systems, it is pertinent to introduce these in the arid and semi-arid regions so that large area of wasteland which is not suitable for crop production can be used for of fodder and biomass production. Dev et al. (2014) observed significant impact of participatory silvipastoral intervention and soil conservation measures for forage resource enhancement in western Himalaya. The study aims to present the suitability of silvipastoral systems in detail and advocate the extensive use of silvipasture in semi-arid regions for higher production