Integrated Power Market in West Africa: An Overview
Adeniyi Adebayo,
Samuel Adeniji
Issue:
Volume 2, Issue 3, September 2018
Pages:
20-27
Received:
8 October 2018
Accepted:
25 October 2018
Published:
16 November 2018
Abstract: Lack of access to affordable electricity is a major detriment to the development of the resource-rich West African region. Accelerating development in this region will require massive expansion of access to electricity. The purpose of this paper is to more clearly identify the status of current efforts to improve the energy situation. Analysis of existing literature shows that an increasingly interesting aspect of solving power problems in the developing word is the design and implementation of competitive electricity markets. In West Africa, the most ambitious plan to reform the Power Sector is the West African Power Pool (WAPP). By conducting a review of current power sector integration projects and approaches to market liberalization in West Africa, this paper provides a robust basis for future research on paths for energy security in the region.
Abstract: Lack of access to affordable electricity is a major detriment to the development of the resource-rich West African region. Accelerating development in this region will require massive expansion of access to electricity. The purpose of this paper is to more clearly identify the status of current efforts to improve the energy situation. Analysis of e...
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Language Policy Issues in “High Spirituality-Invincible Force” by Islam Karimov
Azamat Primov,
Ruzmetova Mekhriyo
Issue:
Volume 2, Issue 3, September 2018
Pages:
28-31
Received:
10 October 2018
Accepted:
31 October 2018
Published:
21 November 2018
Abstract: Speeches, speeches and works of the President of the Republic of Uzbekistan Islam Karimov are the scientific, methodological, ideological, political, economic and spiritual-cultural basis of many social disciplines. In many works of Islam Karimov questions of spirituality and the national idea are of particular importance. In his work " Yuksak manaviyat - yengilmas kuch" (High spirituality is an invincible force) (2008), President of the Republic Uzbekistan talks about the essence of spirituality, its role and importance in the development of society, the problems of reviving national identity and convinces readers that a people with high spirituality will never depend on anyone and achieve their good goals. If people treat these issues irresponsibly and lose vigilance in educating young people in the spirit of love for great Motherland, respect for sacred and spiritual values, and historical memory, then people may be away from the path leading to the universal human progress towards which people strive. The experience of mankind over the years has shown that states with invasive and violent goals, in order to subordinate "another nation or nation, their wealth, first of all, try to deprive them of their national values, history and spirituality. If I were asked," the head of state, what needs to be done in order to preserve spirituality, and how people can resist alien ideas that are dangerous, I would say that first of all every person living on land should have consciousness, to study ancient history, the rich spirituality and the priceless heritage of the great ancestors.
Abstract: Speeches, speeches and works of the President of the Republic of Uzbekistan Islam Karimov are the scientific, methodological, ideological, political, economic and spiritual-cultural basis of many social disciplines. In many works of Islam Karimov questions of spirituality and the national idea are of particular importance. In his work " Yuksak mana...
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Financial Forecasting by Autoregressive Conditional Heteroscedasticity (ARCH) Family: A Case of Mexico
Vina Javed Khan,
Abdul Qadeer,
Bezon Kumar
Issue:
Volume 2, Issue 3, September 2018
Pages:
32-39
Received:
8 October 2018
Accepted:
29 October 2018
Published:
27 November 2018
Abstract: Understanding and modeling the volatility measurements is important for forecasting the risk and for evaluating asset allocation decisions of stock market. The study have used the daily frequency data from January 1, 2002 to September 30, 2016 as an in-sample period to perform empirical analyses for modeling and predicting the volatility dynamics of Mexican stock market (IPC). To facilitate the variance forecast, the competing models are ARCH (p, q), GARCH (p, q), and its variations i.e. Glosten Jagnnathon Runkle GARCH, GARCH in Mean, Exponential GARCH, and Quadratic GARCH. The results of residual diagnostics suggested that stock market of Mexico is characterized by heteroskedasticity, multicolinearity, non-normality, and serial correlation. Volatility measurements by ARCH and GARCH signify that the current conditional variance of Mexico is determined by its past price behavior and previous day volatility. Today’s volatility does impact the current stock returns as indicated by GARCH-M. Results of EGARCH explained that any large size news produces high volatility as compared to small size news. Effects of bad news are greater on the volatility of the Mexican stock market than good news. GJR GARCH described the asymmetric behavior of returns and variance in the politically conflicted regime during 2006-2012. Moreover, QGARCH effect is not linear. Findings have the implications for individuals and corporate investors about retaining their risky stocks.
Abstract: Understanding and modeling the volatility measurements is important for forecasting the risk and for evaluating asset allocation decisions of stock market. The study have used the daily frequency data from January 1, 2002 to September 30, 2016 as an in-sample period to perform empirical analyses for modeling and predicting the volatility dynamics o...
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