MAKE MOST OF THE KNOWLEDGE NETWORK, JOIN ACADEMIC RESEARCH FOUNDATION

In this paper author attempted to analyze the decoupling hypothesis of CO2 emission from GDP in ASEAN8 countries during 19802016 in panel data which were collected from the World Bank with the assistance of the econometric models of panel fixed effect regression model, Johansen (1988) Fisher (1932) panel cointegration and panel vector error correction model respectively for long run relationship and applied the Wald test (1943) for short run causality. The VEC residual normality test of Hansen Doornik (1994) residual correlation was used to test normality. After verifying the Hausman test (1978) in the random effect model author used fixed effect panel regression model and found that there is no decoupling because the elasticity is positive and greater than or equal to +1. 0 with respect to GDP, there is absolute decoupling when the elasticity is zero or negative with respect to square of GDP, and there is relative decoupling with respect to the cube of GDP during the survey period. All are significant at 5% level. Thus, it proves the existence of inverted U shaped Environment Kuznets Curve. Residual cross section dependence test confirmed that there is cross section dependence in the statistic of BreuschPagan LM(1979) and Pesaran CD (2015) which were rejected at null hypothesis of no crosssection dependence (correlation) in residuals. The coefficient diagnostic test assured that the confidence ellipseis significant at 5% level. The cointegration test suggests that there is long run association among CO2 emissions and the GDP of the ASEAN8 having two cointegrating equations given by Trace and Max Eigen statistic. From the VECM1of the system equation, cointegrating equation2 has been approaching towards equilibrium which implies there is long run causality from GDP of previous period, square of GDP of previous period, and cube of GDP of previous period to the change of CO2 emissionsalthough it is not significant at 5% level. The speed of adjustment is 0. 73% per year. The similar findings have been observed from other estimated VECM of the system equations. But, there is no short run causality from GDP to CO2 emission in ASEAN8. Besides, there are both short run and long run causality from GDP, square of GDP and cube of GDP of previous periods to GDP of the given period. In general, VECM is stable but nonstationary, nonnormal and serially correlated. 

Key Words: CO2 emission, GDP, decoupling, panel cointegration, panel VECM, short run causality, long run causality

JEL Classification codes: C14, C23, C32, Q01, Q38, Q43, Q52, Q53, Q5

The literature on international financial economics on the basis of the endogenous growth theory, suggests the influence of the financial sector development on the foreign direct investment inflows in developing countries. Thus, this paper hypothesizes that the development of the financial system of the recipient country, India, is an important precondition for foreign direct investment. In this connection, this paper examined the dynamics of the relationship between foreign direct investment and financial development in India over the sample period from 1980 to 2017 using the TodaYamamoto noncausality approach. The results indicate the importance of the financial sector development, particularly the development of banking as well as capital markets, in attracting foreign direct investment inflows in the country. This finding suggests that continued financial sector reforms in the light of the implementation of the international best practices in India would provide an even better economic milieu for foreign direct investment and hence, for domestic capital.

Keywords: Foreign Direct Investment, Financial Development, India, Causality Test

The subject “quality” is nowadays, in a globalized world, one of the key concerns of businessmen to face the competition on industries and service areas. Financial groups are measuring no efforts to achieve quality excellence, starting by customer services and relationship. When the expression “Quality” is used, we usually think in terms of an excellent product or service that fulfills or exceeds our expectations. These expectations are based on the intended use and the selling price. Products are determined by its quality. Hence based on observation it is considered elusive. Quality can be quantified as Q = P/E. Where Q = Quality, P = Performance and E = Expectations. Quality is a complex phenomenon based on perceptions by individuals with different perspectives on products and services. These perceptions have been built up through the past experience of individuals and consumption in various contexts.

Indian banking sector opened its doors to private and international players after the economic liberalization in the year 1991. It has been almost 2 decades of operation of the private banks in India. Much has evolved in the overall structure of banking during this time but have the private banks delivered the type of quality that the customers expect them to. This research is an effort to evaluate the service quality of the private banks in Southern parts of Odisha of the country India. The study is based on primary data collected in the cities of South Odisha through a structured questionnaire designed on the basis of SERVQUAL Model. The banks under study are the five top private banks from South Odisha region. The study has found that none of the banks have been able to meet the customer expectations and are still dwelling on the ‘zone of pain’. The research is very useful for managers, policymakers, implementers as well as academicians. The research provides implications for managers as well as policy makers to understand the customer expectations in India. It can be a guideline for bigger role for the BCSBI (Banking Codes and Standard Board of India). Implications for future research are also discussed. The novelty of the research lies in the context that no effort has been made so far to effect research on sector specific contribution of banks. There is also very little literature available to identify the needservice gap in this area. The study adds value to the knowledge in the field of banking service quality for development and also opens new areas of research.

Key Words: Customer Satisfaction, SERVQUAL Analysis, GAP Analysis, Private Sector banks, Service Quality.

Water is an integral part of Sustainable Development. Sustainable Development Goal 6 focuses on Water, Sanitation and Hygiene (WASH). India is not a water deficit country, but due to severe neglect and lack of monitoring of water resources development projects, several regions in the country experience water stress from time to time. Further neglect in this sector will lead to water scarcity during the next 12 decades. It is therefore necessary to prevent this crisis by making best use of the available technologies and resources to conserve the existing water resources, convert them into utilisable form and make efficient use of them for agriculture, industrial production and human consumption. Imposing regulatory measures to prevent the misuse of water and introducing rewards and punishment to encourage judicious use of water, will be helpful to conserve water. Finally, awareness and orientation of all the water users to change their lifestyle to conserve water, can help the country to tide over the water crisis in the future. The challenge is manageable provided we have favourable policies and mechanisms to persuade our people to change their lifestyle. 

Key Words: Water, Sustainable Development, India, World, Issues, Challenges, WASH, SDG