A note on the relationship between COVID-19 and stock market return: Evidence from South Asia

Purpose: The transformation of coronavirus disease (COVID-19) from a regional health crisis in a Chinese city to a global pandemic has caused severe damage not only to the natural and economic lives of human beings but also to the financial markets. The rapidly pervading and daunting consequences of COVID-19 spread have plummeted the stock markets to their lowest levels in many decades especially in South Asia. This concern motivates us to investigate the stock markets’ response to the COVID-19 pandemic in four South Asian countries: Bangladesh, India, Pakistan and Sri Lanka. This study aims to investigate the causal impact of the number of confirmed COVID-19 cases on stock market returns using panel data of the countries stated above. Design/methodology/approach: This study collects and analyzes the daily data on COVID-19 spread and stock market return over the period May 28, 2020 to October 01, 2020. Using Dumitrescu and Hurlin panel Granger non-causality test, the empirical results demonstrate that the COVID-19 spread measured through its daily confirmed cases in a country significantly induces stock market return. This paper cross-validates the results using the pairwise Granger causality test. Findings: The empirical results suggest unidirectional causality from COVID-19 to stock market returns, indicating that the spread of COVID-19 has a dominant short-term influence on the stock movements. To the best of the knowledge, this study provides the first empirical insights into the impact of COVID-19 on the stock markets of selected South Asian countries taking the cross-sectional dependence into account. The results are also in line with the findings of other existing literature on COVID-19. Moreover, the results are robust across the two tests used in this study. Originality/value: The findings are equally insightful to the fund managers and investors in South Asian countries. Taking into account the possible impact of COVID-19 on stock markets’ returns, investors can design their optimal portfolios more effectively. This study has another important implication in the sense that the impact of COVID-19 on the stock markets of South Asian countries may have spillover effects on other developing or even developed countries

A study on tiredness assessment by using eye blink detection

In this paper, the loss of attention of automotive drivers is studied by using eye blink detection. Facial landmark detection for detecting eye is explored. Afterward, eye blink is detected using Eye Aspect Ratio. By comparing the time of eye closure to a particular period, the driver’s tiredness is decided. The total number of eye blinks in a minute is counted to detect drowsiness. Calculation of total eye blinks in a minute for the driver is done, then compared it with a known standard value. If any of the above conditions fulfills, the system decides the driver is unconscious. A total of 120 samples were taken by placing the light source front, back, and side. There were 40 samples for each position of the light source. The maximum error rate occurred when the light source was placed back with a 15% error rate. The best scenario was 7.5% error rate where the light source was placed front side. The eye blinking process gave an average error of 11.67% depending on the various position of the light source. Another 120 samples were taken at a different time of the day for calculating total eye blink in a minute. The maximum number of blinks was in the morning with an average blink rate of 5.78 per minute, and the lowest number of blink rate was in midnight with 3.33% blink rate. The system performed satisfactorily and achieved the eye blink pattern with 92.7% accuracy

Modulation of phenotypic traits under different rearing temperatures: Experimental evidence in male guppy (Poecilia reticulata)

Climate change particularly global warming unceasingly imposes a selective pressure in many organisms that results in phenotypic plasticity particularly by expressing different adaptive phenotypes to shifting environmental conditions. The present study was, therefore, conducted to explore the phenotypic responses of male guppy (Poecilia reticulata), a popular model fish, to an ambient (28±0.91°C), high (32±0.12°C) and low (22±0.17°C) rearing temperature. Almost equal sized juvenile males were collected from the wild and reared up to 30 days maintaining necessary conditions similar among treatments except the water temperature. The findings revealed that high-temperature reared fish had significantly lower number of courtships, reduced survival, decreased body size, deformed body shape, limited colour patterns and reduced sperm bundle number than the ambient- and low-temperature groups. On the other hand, low-treatment males performed significantly higher number of courtships than ambient-temperature group, while ambient-temperature reared males possessed significantly higher body size and iridescent colour area than low- temperature treatment. Interestingly, the findings also revealed some trade-offs between traits under thermal-induced stressed conditions (i.e. both high and low temperatures). These findings elicit further information about the thermal condition dependent expression of phenotypic traits of fishes which infer about how fish species will adapt in the predicted changing aquatic environments because of unprecedented climate change

Comparison of weighted and unweighted methods of wealth indices for assessing SOCIO-ECONOMIC status

Due to some of the limitations of monetary measures, various non-monetary approaches for assessing household wealth have been developed as alternative tools for classifying household socio-economic status. Among them, wealth indices based on household durable assets are being used. The literature revealed that two basic methods of constructing wealth indices are employed: an unweighted method, where assets are weighted equally; and a weighted method, where specific weights are assigned to assets. In the case of using the weighted method, weighting can be assigned using various techniques. The overall objective of the study is to compare the wealth indices constructed by using weighted and unweighted methods for assessing the socio-economic status of households in rural Bangladesh. Firstly, the study attempts to construct wealth indices based on durable assets using the unweighted method and two techniques of the weighted method: weighted index using the inverse of proportion, and weighted index using principal component analysis (PCA). Following this, the study compares some distributional characteristics of these indices as well as monetary indicators. At the same time, the study evaluates and examines some attractive properties of these indices such as the extent of clumping and truncation, consistency with traditional monetary measures. Comparative analysis revealed that the unweighted asset index, as well as weighted asset index using PCA, can be treated as an efficient alternative to the monetary measures to evaluate the living standard of the households in the present study. However, due to some advantage\u27s asset index using PCA can be considered to be somewhat better than the unweighted index. But, as the unweighted asset index is not very different from the weighted asset index using PCA, it can also be used as an alternative to the monetary measures without the need to use weighting

ReviewRanker: A Semi-Supervised Learning Based Approach for Code Review Quality Estimation

Code review is considered a key process in the software industry for minimizing bugs and improving code quality. Inspection of review process effectiveness and continuous improvement can boost development productivity. Such inspection is a time-consuming and human-bias-prone task. We propose a semi-supervised learning based system ReviewRanker which is aimed at assigning each code review a confidence score which is expected to resonate with the quality of the review. Our proposed method is trained based on simple and and well defined labels provided by developers. The labeling task requires little to no effort from the developers and has an indirect relation to the end goal (assignment of review confidence score). ReviewRanker is expected to improve industry-wide code review quality inspection through reducing human bias and effort required for such task. The system has the potential of minimizing the back-and-forth cycle existing in the development and review process. Usable code and dataset for this research can be found at: https://github.com/saifarnab/code_revie

Experimental and Analytical Studies of Size Effects on Compressive Ductility Response of Ultra- High-Performance Fiber-Reinforced Concrete

Ultra-high-performance fiber-reinforced concrete (UHPFRC) has gained a great deal of increasing interest in structural engineering applications, particularly where high ductility, strength, and high impact resistance are of prime concern. This study focuses primarily on the size effects ductility characteristics of UHPFRC with varying fiber concentrations subjected to uniaxial compressive load. It shows how to process the data from compression cylinder tests to extract the size-dependent strain at peak stress to provide a generic size-dependent stress-strain analytical model. Furthermore, a numerical flexural segmental moment-rotation approach is applied to incorporate an analytical model to quantify apparently disparate UHPFRC member strength and ductility. Tests have shown that it is not the enhancement in the material concrete compressive strength but the phenomenal brittle ductility nature, observed as a result of increasing the slenderness of the specimen; in contrast, a substantial increase in ductility was achieved after crushing of concrete due to the addition of fibers. A size-dependent analytical approach has estimated good fit with the experimental and other published results. Finally, numerical simulation using a segmental approach at the ultimate limit state of rotation dealing with flexural ductility is significantly influenced by the increase in slenderness factor of the specimens and fiber concentrations

Cardiovascular Disease and Diabetes: Two Sides of the Same Coin!

Cardiovascular disease (CVD) and type 2 diabetes (T2DM) are rapidly rising around the globe. Empirical researches demonstrated rapid increase in mortality and morbidity related to CVD and T2DM. Much of the diabetes-associated morbidity and mortality predominantly reflects its deleterious effect on macrovascular and microvascular diseases. The microvascular complications of T2DM include retinopathy, neuropathy and nephropathy and the macrovascular complications include ischemic heart disease, cerebrovascular disease and peripheral vascular diseases. Research indicates that coronary heart disease (CHD) is the major cause of mortality in people with T2DM. Herein, this chapter reviews relationship between CVD and T2DM, associated complications and effectiveness of relevant treatment modalities to treat/prevent diabetic macrovasculopthy. Macrovascular disease occur due to underlying obstructive atherosclerotic changes of major arteries which cause functional and structural abnormalities of blood vessels. The long-term complications can be controlled and prevented by controlling glycemia, maintaining normal lipid profiles, adopting a healthy lifestyle and using pharmacological interventions. Clinical trials have shown that lifestyle interventions help in prevention and reduction of CVD risk, but evidence for long-term CVD outcomes is lacking. A multidisciplinary approach involving patients, health professionals and researchers and governments should be undertaken to reduce the incidence and prevalence of diabetes-related cardiovascular complications

Perceptions of medical students regarding community-based teaching experiences: an observation from Bangladesh

Introduction: Community orientation in medical education, which prepares medical students to become more effective practitioners, is now a global movement. Many medical schools around the world have adopted the concept as the main curricular framework in order to align learning programs with the needs of the community and the learner. Despite many changes over the past few decades, many improvements are still needed in medical education in Bangladesh. This study investigated medical students’ perceptions of the community-based learning experiences incorporated into the Bachelor of Medicine, Bachelor of Surgery (MBBS) degree at Uttara Adhunik Medical College, Dhaka (UAMC), Bangladesh. Methods: A total of 135 students from three undergraduate year levels of the MBBS degree at UAMC, Dhaka, Bangladesh, undertook study tours (community-based teaching, CBT) as a part of a community medicine course and visited a medical college, two rural health centres and a meteorology centre in the Cox’s Bazar district, 400 km from Dhaka city. A questionnaire was used to assess the perceptions of students regarding the administration, organisation and learning experiences of the study tours. Students were required to write reports, present their findings and answer questions in their examinations related to the study tours and CBT. Results: The majority of the students agreed or strongly agreed that the tour was a worthwhile (93%) and enjoyable (95%) learning experience that helped them to understand rural health issues (91%). More than half of the students reported that the study tours increased their awareness about common rural health problems (54%) and provided a wider exposure to medicine (61%). Only 41% of students reported that the study tour increased their interest in undertake training in a rural area. A substantial number of students also expressed their concerns about the planning, length, resources, finance and organisation of the study tours. Conclusions: Overall, the study tours had a positive effect, enhancing students’ awareness and understanding of common rural health problems. As study tours failed to increase the motivation of the students (approximately 60%) to work in rural areas, CBT in the medical curriculum should be reviewed and implemented using effective and evidence-based models to promote interest among medical students to work in rural and underserved or unserved areas

The transformation of education during the corona pandemic: exploring the perspective of the private university students in Bangladesh

Purpose – In 2020, the education system was preliminary halted by the COVID-19 crisis and went through radical improvisation, and online-based distance learning was the only plausible initiative to continue educational activities ensuring health guidelines properly. However, in reality, such desperate measure in case of a lower-middle-income developing nation lacking proper structural capabilities raised some issues and concerns for both pupils and mentors, and this study aims to explore the practice of online-based distance learning in private universities of Bangladesh and the challenges associated with it. Design/methodology/approach – This exploratory research is qualitative in nature. A total number of 89 undergraduate level university students from different private universities were divided into two main clusters and interviewed in depth. Findings – The findings of this paper revealed that common developing country syndromes like improper technological infrastructure development, limitation to devices or internet accessibility and financial hindrances can disrupt the harmony of the online learning experience. Also, the lack of tech literacy has created a huge tension and psychological inertia among both the teachers and the students. Social implications – The coronavirus pandemic event, with its dreadful influence, is creating immense mental pressures for students to cope well with the online learning system. Comprehending the underlying challenges affiliated with online-based distance learning and enabling faculties or respected personnel with training and development programs to handle impediments better way, this learning initiative can ensure the best outcomes. Originality/value – The significance of this study lies in comprehending the feasibility of online-based education regarding lower-middle-income developing nation context and the realism of such learning process's acceptability considering its actual effectiveness