IOSR-JEF   Volume-7 ~ Issue-5 ~ Sep-Oct 2016

Abstract: Punjab is one of the prominent northern agrarian state of India. Its flashback shows that it had an eminent role in economic progress of India. Its contribution to agriculture and to Indian economy was remarkable. It made India self dependent in food production and stopped India's dependency on food aid. There was a time when Punjab was known as "Granary of India". Apart from being the producer of the best quality of cotton, wheat and rice in India, Punjab also houses some major industries. But the growth of Punjab economy has become down nowadays..............

Keywords: Punjab Economy, Deteriorating Causes

Abstract: Information and Communication Technology (ICT) industry is a promising sector of India and China. The present study is the performance of goods and service segments of ICT industry of both the emerging economies of India and China. The study also assesses and compares export competitiveness of IT sector of both countries by using the popular Balassa Revealed Comparative Advantage (RCA) index, the Revealed Symmetric Comparative Advantage (RSCA) index and Trade Specialisation Index (TSI) based on data extracted from UNCTAD. It has been observed that India and China both have been enjoying a comparative export advantage in ICT service and ICT goods segments respectively..........

Keywords: Export Competitiveness, ICT goods and Service , ICT industry.

Abstract: Ever since its nomenclature in the 1990s, the resource curse has been a particular field of study for researchers in economics. The paper analyses the experience of Norway and Venezuela to tackle the problem of resource curse emanating from the abundance of oil in both countries. Tracing a historical trail of the two nations from 1960 to 2015, the post effects of their respective resource management and fiscal policies are compared through economic and socio-economic parameters..........

Keywords: Norway, Oil, Public Finance, Resource Curse, Taxation, Venezuela

Abstract: The study examines the effect of instrument of control on public accountability in Ebonyi State Local Government Councils. The study adopted the cross-sectional survey design and administered questionnaire on 374 senior staff of the 13 Local Government Councils in Ebonyi State. The Binary Logit Regression technique was employed in the analysis of data. The result shows a significant effect of instrument of control on the public accountability in Ebonyi State Local Government Councils. The study hence recommends that cogent efforts should be made to review laws, rules and regulations concerning Local Government accounting and financial management. This will help in increasing the effectiveness of the instrument of controls in the Local Government Councils..........

Keywords: Accountability, Control, Financial Memoranda, Local Government, Nigeria

Abstract: This research aims to analyze the influence of cooperative development on the economic performance and welfare of society in Bali Province, as well as to analyze the indirect influence of cooperative development on the welfare of society through the economic performance of Bali Province. The data used in this research is panel data which consists of 9 cities/regencies of Bali Province within the year of 2010 – 2014. The data analysis that is used is the quantitative statistical analysis uses the Structural Equation Modelling-Partial Least Square (SEM-PLS) method. Based on the result..........

Keywords: Welfare of Society, Economic Performance, Cooperative Development

Abstract: There is a continuous debate on money supply process and its impact on macroeconomic variables and so on examination of determinants of money supply. This paper examines the determinants of money supply in India. The paper assesses in detail the major determinants of money supply and how the nature of determinants has changed over the period of time. The analysis is based on money multiple processes, using RBI's annual data for the period 1990-91 to 2014-15...........

Keywords: Money Supply, Determinants, Money Multiplier, Proximate, Policy Oriented.

Abstract: This article analyzes the performance of a sample of Equity from mutual funds since 2010 in 2015 by means of several measures taking into account the systematic, specific and total risk. He also studies the stability of the classifications of the mutual funds in the time so as to meet the requirements investors...........

Keywords: Equity mutual funds, performance measurement, CAPM

Abstract: India is on the verge of becoming one of the fast-growing economies, driven by many factors including multinational entrepreneurialism, buoyant local stock markets, robust economy-changing demographics and the overall emergence of India on the global stage. Almost 5 per cent of GDP is contributed by the housing sector, and in the next few years it is expected to rise to 6 per cent. Moreover, the construction sector has also been responsible for the development of over 250 ancillary industries such as cement, steel,...........

Keywords: construction sector, failed, fast-growing economies, housing sector reforms, set-backs, state government's efforts.

Abstract: This study investigates stock trading volume volatility and its relationship to stock prices. The paper utilizes AR(1)-GARCH(1,1) models to forecast the volatility of the Standard & Poor's 500 ^GSPC stock prices, based on the trends found in evaluating the trade volume volatility over the past two decades. Using such information, it is possible to forecast the stock prices by developing a Markov-switching model. The examination of the relationship between these two features produces results that can further our knowledge in estimating the stock market and the overall American economy.

Keywords: GARCH, Markov-switching model, Normal distribution, T-student distribution, Volatility forecasting

Abstract: This research focuses on the interaction between Oman Capital Market Index (MSM 30) and share price of companies listed and traded on the exchange, using daily closing prices of 15 individual companies for a period of 8 years from 2008 until 2015. It estimates the systematic risk levels of stocks by performing a simple linear regression using the 'market model'. It further employs traditional grander causality test to study lead lag relationships among the stock prices of individual stocks and Index. The overall results indicate that only few stocks out of the selected sample show price movements over time, where, rest either show no movement or relatively very small movement over the years. The results indicate low activity on the stock exchanges in case of companies of food industry of Oman. The results point out a need to reform process so as to increase the market depth and breadth for securities. Further, measures can be adopted to increase the participation of foreign investors which may boost liquidity and fresh capital in the sector.