scholarly journals Examining the Feasibility of Tea Futures in India

2020 ◽  
Vol 8 (1) ◽  
pp. 154-163
Author(s):  
Rajat Bhattacharjee ◽  
Dr. Santosh Kumar Mahapatra
Keyword(s):  
Price Volatility ◽  
World Production ◽  
Market Conditions ◽  
Important Place ◽  
Demand And Supply ◽  
Good Place ◽  
Good Market ◽  
To Come ◽  
Derivative Market

The commodity derivative market in India has gained an important place in the last few decades. However, the entry of ‘tea futures’ in the derivative market is yet to come. Tea is a substitute for coffee and has a good market worldwide. India’s contribution to world production of tea is significant, but the presence of tea futures in Indian derivative market is yet to be seen whereas coffee, being a similar commodity, has a good place in the derivatives market. This study makes an attempt to examine the feasibility of tea futures in India by studying two leading conditions for tea in comparison with coffee. The study examines the market conditions by studying the export potentiality that signifies the demand and supply; and price volatility of tea price. The observations and analysis find favourable grounds for the introduction of tea futures in the commodity derivative market to extend the benefits to various groups like tea growers and manufacturers.

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2021 ◽  
Author(s):  
Andrei Kim
Keyword(s):  
Important Place ◽  
Traditional System ◽  
To Come ◽  
Perfect World

Deviations from traditional notations seem counterintuitive— as the norm works well. The reason why such a system holds an important place is because centuries of work, over many cultures and languages, did go into establishing it, a grammar was both induced and deduced upon agreement in collaboration with different professions: composers, theorists, the musicians themselves, had to come up with a method verified by consensus. Once such a system has reached a point of stability, further developments seem regressive: a perfect world would be one where the entirety of those involved agreeing upon a halt of development, upon the absence of any further trials and errors onwards. Such a thing never seems to happen in any sort of system: “graphic” notations were developed onwards from the traditional system— defying and reconstructing the rules that were held in place by consensus, perhaps as genuine development, possibly as regression, or even the destruction of that which was in place.

scholarly journals Academy-profession-market. Problematising tensions in the live project

2017 ◽  
Vol 2 (3) ◽  
pp. 85
Author(s):  
Michael John Davis
Keyword(s):  
Real World ◽  
Design Research ◽  
Design Studio ◽  
Community Groups ◽  
Market Conditions ◽  
Heritage Buildings ◽  
To Come ◽  
The University

<p>This paper examines a form of “live project” that casts the design studio topic in three distinct roles. In one guise it is a collaborative, “real world,” engagement with a range of stakeholders. In another it presses toward the production of buildings, while in a third, it acts as the vehicle for higher level academic design research. Within the design studio at the University of Auckland, School of Architecture and Planning these three imperatives are juxtaposed to define the contested territory from which the architectural project emerges as negotiated, speculative-yet-realisable outcome.<br />The aim of this discussion is to demonstrate the triple focus model of live project and the problem currently confronting it: a local instance of a complex, widespread problem between the architectural academy, the profession and the market.<br />Since 2007 a succession of community groups, businesses and developers have brought their projects to the design studio at the school. Typically they have come looking for speculation as to the potential of their projects, the kind of breadth of exploration that generally is not viable within commercial architectural organisations. Meanwhile, through these projects, students are asked to conduct research into the development of their own critical, architectural making practices.<br />The text begins with an account of one particular project – a speculation as to the development opportunities of heritage buildings on “earthquake prone” sites in Auckland for one of the country’s most progressive developers. It looks at the larger academic, professional and market conditions being responded to and thus situates this type of live project before concluding with an outline of potentials for its advancement. In so doing it signals work to come.</p>

scholarly journals Tasks of state-owned enterprises and their impact on accounting and reporting information

2021 ◽  
Vol 2021 (9) ◽  
pp. 99-116
Author(s):  
Ljudmyla LOVINSKA ◽  
◽  
Andrii MAMYSHEV ◽  
Keyword(s):  
Public Sector ◽  
Financial Reporting ◽  
The State ◽  
International Financial Reporting Standards ◽  
Reporting Standards ◽  
Market Conditions ◽  
Theoretical Understanding ◽  
Important Place ◽  
Financial Reporting Standards

The purpose of the article is to establish ways to implement the tasks of public sector entities in ensuring responsibility and accountability of state-owned enterprises, taking into account market conditions and the transition to international financial reporting standards (IFRS) in the context of determining the place and role of accounting information. The research methodology is based on the application of dialectical and systematic approaches to scientific knowledge and general theoretical understanding of the problems of functional and accounting-analytical support for the management of state-owned enterprises in the application of IFRS. The results of the analysis of modern tendencies of the organization and functioning of the state-owned enterprises are covered. The importance of public sector entities in the global dimension, as well as the features of the organization, challenges and tasks of state-owned enterprises in market conditions are shown. It is determined that the main tasks to be performed by state-owned enterprises are : provision of certain state services and specific goods, support of the national economy and strategic interests, doing business in a natural monopoly, as well as support of social goals of the state. The specificity of the tasks of state-owned enterprises and their important place in the state economy through the role of a special agent of the government for the implementation of state policy in a particular area is substantiated. A new look at these processes involves increasing the transparency and accountability of businesses, which is closely linked to improving the quality of accounting data on the activities of state-owned enterprises. Based on the results of the study, the algorithm of decisions on determining, assessing and reviewing the value of a state-owned enterprise based on the expression of its social, economic, environmental and tax impacts has been improved. There is a problem of harmonization of methodological support for the preparation of aggregate reports of the general government sector (GGS), which arises due to the existing differences between different sets of standards for financial reporting of GGS sector entities (International Financial Reporting Standards (IFRS) - for public corporations and National provisions (standards) of accounting in the public sector (NP(S)APS) - for all other entities of the GGS sector).

scholarly journals Impact of Weather on Agriculture Commodity Market and the Price Discovery: An Empirical Analysis

2021 ◽  
pp. 60-70
Author(s):  
Suraj E. S ◽  
Ojasvi Gupta
Keyword(s):  
Price Discovery ◽  
Commodity Prices ◽  
Price Volatility ◽  
Future Market ◽  
Contributing Factors ◽  
Agricultural Commodity ◽  
Spot Prices ◽  
The Future ◽  
Demand Fluctuations ◽  
Derivative Market

This paper focused on studying the agricultural commodity prices in India and it's extreme volatility due to many reasons such as government interference, growth, market forces factors, regular floods and droughts, transport and warehousing problems, etc. These are contributing factors to demand fluctuations. In this case, the future market plays an important role in the economy. The demand for commodity futures has three particular economic functions: price discovery, price risk management, and price volatility. The future market plays a key role in the process of price discovery. The main aim of this system is to regulate prices to minimize uncertainty, to provide price signals to market traders for futures spot prices through the price discovery phase. So, this study emphasized the role of the derivative market in reducing the volatility of agricultural commodity prices in the Indian market. Keywords: volatility, future market, derivatives

scholarly journals On Heterodox Economics

2020 ◽  
Vol 8 (2) ◽  
pp. 65-69
Author(s):  
B Pradeep Kumar
Keyword(s):  
Real World ◽  
Policy Making ◽  
Economic Policies ◽  
Heterodox Economics ◽  
Important Place ◽  
Economic Issues ◽  
Mainstream Economics ◽  
Modern Economic ◽  
To Come ◽  
Economic Thinking

In the literature of Economics itself, branches have evolved thanks to different positions held by economists on different economic issues, and most importantly, on the efficacy and desirability of economic policies to address such economic issues. The so-called Classical and Keynesian poles apart positions have stood as the firm foundation for the germination of a couple of developments in economics. But, it may be reiterated that these positions have been premised upon several assumptions which often go diametrically opposite to real-world circumstances. The growing concern of the disconnect of the mainstream economics from the conditions of the real world has made a vacuum. The attention that heterodox economics has been receiving should be regarded as a response to this fill this vacuum. Google searching deliberations on the Covid-19 pandemic would find economics being discussed elsewhere and everywhere as if the economics of the Virus matters a lot rather than its biological side. Heterodox economics has grown to occupy an important place in modern economic thinking, and in the years to come, in the field of teaching as well, the elements discussed in heterodox economic will have an indisputable place. In the field of policy making, too, the principles of heterodox have been used. Nevertheless, mainstream economics does not seem to have been shaken by the claims of heterodox economics. For economics to continue as rigorous social science, much celebrated neo-classical tools and its ideas are still more important.

scholarly journals Analisis Volatilitas Harga Cabai Keriting di Indonesia dengan Pendekatan ARCH GARCH

2018 ◽  
Vol 36 (1) ◽  
pp. 25
Author(s):  
Rizka Amalia Nugrahapsari ◽  
Idha Widi Arsanti
Keyword(s):  
Price Volatility ◽  
High Price ◽  
Stabilization Policy ◽  
Price Variation ◽  
Price Stabilization ◽  
Price Movement ◽  
Demand And Supply ◽  
The Government ◽  
Import Restrictions ◽  
The Right

<strong>English</strong><br />Chili includes a strategic commodity in Indonesia because of its high price volatility that makes it a major determinant of national inflation dynamics. The government always tries to improve its capability in implementing the chili price stabilization policy. The objective of the study is to assess the volatility of curly chili price volatility in Indonesia by using the ARCH GARCH approach with daily price data of January 2011 to December 2015. The results showed that the right model to calculate chili price volatility is ARCH (1). The price volatility was low and price movement was only influenced by the volatility in the previous day, not by the price variant, so the chili price volatility in the future will be smaller. Low volatility indicates that demand and supply characteristics were predictable. Price changes gradually and predictable. Farmers’ protection policy through import restrictions improves stability of domestic supply. The policy reduces the risk of drastic decline in prices due to imported chili, so the price volatility of chili in the period 2011–2015 was lower than the previous period. However, the seasonal price variation remains. Therefore, the policy should be supported with all season chili availability assurance.<br /><br /><br /><strong>Indonesian</strong><br />Cabai termasuk komoditas strategis di Indonesia karena harganya volatil sehingga menjadi salah satu penentu utama dinamika inflasi nasional. Untuk itu, pemerintah senantiasa berusaha meningkatkan kemampuannya dalam melaksanakan kebijakan stabilisasi harga cabai. Penelitian ini bertujuan untuk mengkaji volatilitas harga cabai keriting di Indonesia dengan pendekatan ARCH GARCH dan data harga harian cabai keriting periode Januari 2011 hingga Desember 2015. Hasil penelitian menunjukkan bahwa model yang tepat untuk menghitung volatilitas harga cabai keriting adalah ARCH(1). Hasil pendugaan model menunjukkan volatilitas harga cabai keriting rendah dan pergerakan harga hanya dipengaruhi oleh volatilitas pada satu hari sebelumnya, tidak dipengaruhi varian harga, sehingga diperkirakan volatilitas harga cabai keriting di masa datang akan semakin kecil. Volatilitas yang rendah menunjukkan karakteristik waktu permintaan dan penawaran cabai keriting dapat diprediksi. Perubahan harga terjadi bertahap dan dapat diperkirakan. Kebijakan perlindungan petani melalui pembatasan impor cabai menyebabkan penyediaan cabai di dalam negeri menjadi lebih stabil. Kebijakan ini mengurangi risiko penurunan harga secara drastis akibat masuknya cabai impor, sehingga volatilitas harga cabai pada periode 2011–2015 lebih rendah dibandingkan periode sebelumnya. Namun, masih terdapat variasi harga musiman. Oleh karena itu, kebijakan ini perlu diperkuat dengan upaya jaminan sediaan cabai sepanjang musim.

scholarly journals Blue Economy threats, contradictions and resistances seen from South Africa

2019 ◽  
Vol 26 (1) ◽  
pp. 341
Author(s):  
Patrick Bond
Keyword(s):  
South Africa ◽  
Oil And Gas ◽  
Direct Action ◽  
Price Volatility ◽  
Commodity Price ◽  
Transport Infrastructure ◽  
Blue Economy ◽  
Commodity Price Volatility ◽  
Pipe Line ◽  
To Come

<p>South Africa hosts Africa's most advanced form of the new Blue Economy, named 'Operation Phakisa: Oceans.' In 2014, the McKinsey-designed project was formally launched by now-disgraced President Jacob Zuma with vibrant state and corporate fanfare. Financially, its most important elements were anticipated to come from corporations promoting shipping investments and port infrastructure, a new generation of offshore oil and gas extraction projects and seabed mining. However, these already conflict with underlying capitalist crisis tendencies associated with overaccumulation (overcapacity), globalization and financialization, as they played out through uneven development, commodity price volatility and excessive extraction of resources. Together this metabolic intensification of capital-nature relations can be witnessed when South Africa recently faced the Blue Economy's ecological contradictions: celebrating a massive offshore gas discovery at the same time as awareness rises about extreme coastal weather events, ocean warming and acidification (with profound threats to fast-bleaching coral reefs), sea-level rise, debilitating drought in Africa's main seaside tourist city (Cape Town), and plastic infestation of water bodies, the shoreline and vulnerable marine life. Critics of the capitalist ocean have demanded a greater state commitment to Marine Protected Areas, support for sustainable subsistence fishing and eco-tourism. But they are losing, and so more powerful resistance is needed, focusing on shifting towards post-fossil energy and transport infrastructure, agriculture and spatial planning. Given how climate change has become devastating to vulnerable coastlines – such as central Mozambique's, victim of two of the Southern Hemisphere's most intense cyclones in March-April 2019 – it is essential to better link ocean defence mechanisms to climate activism: global youth Climate Strikes and the direct action approach adopted by the likes of Dakota Access Pipe Line resistance in the US, Extinction Rebellion in Britain, and Ende Gelände in Germany. Today, as the limits to capital's crisis-displacement tactics are becoming more evident, it is the interplay of these top-down and bottom-up processes that will shape the future Blue Economy narrative, giving it either renewed legitimacy, or the kind of illegitimacy already experienced in so much South African resource-centric capitalism.</p><p><strong>Keywords: </strong>Blue Economy, capitalist crisis, Oceans Phakisa, resistance, South Africa</p>

scholarly journals A dominant strategy double clock auction with estimation‐based tâtonnement

2021 ◽  
Vol 16 (3) ◽  
pp. 943-978
Author(s):  
Simon Loertscher ◽  
Claudio Mezzetti
Keyword(s):  
Private Information ◽  
Asymptotic Efficiency ◽  
Incentive Compatibility ◽  
Dominant Strategy ◽  
Demand And Supply ◽  
Strategy Equilibrium ◽  
Ex Post ◽  
Good Market ◽  
Asymptotically Efficient ◽  
Homogeneous Good

The price mechanism is fundamental to economics but difficult to reconcile with incentive compatibility and individual rationality. We introduce a double clock auction for a homogeneous good market with multidimensional private information and multiunit traders that is deficit‐free, ex post individually rational, constrained efficient, and makes sincere bidding a dominant strategy equilibrium. Under a weak dependence and an identifiability condition, our double clock auction is also asymptotically efficient. Asymptotic efficiency is achieved by estimating demand and supply using information from the bids of traders that have dropped out and following a tâtonnement process that adjusts the clock prices based on the estimates.

scholarly journals Memorial Ambivalences in Postcommunist Romania: Generational Attitudes towards the Symbolic Legacy of Communism

Societies ◽  
2021 ◽  
Vol 11 (3) ◽  
pp. 99
Author(s):  
Mihai Stelian Rusu ◽  
Alin Croitoru
Keyword(s):  
Public Space ◽  
Generational Differences ◽  
Central And Eastern Europe ◽  
Social Attitudes ◽  
Ordinary People ◽  
Politics Of Memory ◽  
Important Place ◽  
The Public ◽  
Memory Work ◽  
To Come

After the demise of state socialism, public space became an issue of contention that occupied an important place within societies’ efforts to come to terms with the recent past. Extant scholarship documented extensively how postcommunist societies in Central and Eastern Europe have reconfigured the public space by removing the symbolic presence of the former regime (e.g., monuments and statues, but also place- and street names). However, there is a scarcity of research done on exploring the reception of these broad changes brought to the public statuary and urban nomenclature. In this study, we aim to contribute to this nascent strand of literature by investigating the generational differences in social attitudes towards the symbolic transformation of public space in postcommunist Romania. Data collected through a national web-survey conducted in February 2021 (n = 1156) revealed significant intergenerational differences regarding the removal of monuments and the renaming of streets. In particular, higher approval of such memory work was found among the generations born during communism in comparison to the postcommunist generation. Taking stock of these generational differences, as well as the factors underpinning them, contributes to a better understanding of how ordinary people relate to the politics of memory enacted in transforming societies.

Musical Notations

2021 ◽  
Author(s):  
Andrei Kim
Keyword(s):  
Important Place ◽  
Traditional System ◽  
To Come ◽  
Perfect World

Deviations from traditional notations seem counterintuitive-- as the norm works well. The reason why such a system holds an important place is because centuries of work, over many cultures and languages, did go into establishing it, a grammar was both induced and deduced upon agreement in collaboration with different professions: composers, theorists, the musicians themselves, had to come up with a method verified by consensus. Once such a system has reached a point of stability, further developments seem regressive: a perfect world would be one where the entirety of those involved agreeing upon a halt of development, upon the absence of any further trials and errors onwards. Such a thing never seems to happen in any sort of system: “graphic” notations were developed onwards from the traditional system-- defying and reconstructing the rules that were held in place by consensus, perhaps as genuine development, possibly as regression, or even the destruction of that which was in place.

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