A Cramér-type large deviation theorem for sums of functions of higher order non-overlapping spacings

Let U ₁, U ₂, . . . , U _n–1 be an ordered sample from a Uniform [0,1] distribution. The non-overlapping uniform spacings of order s are defined as \({G_{i}^{(s)} =U_{is} -U_{(i-1)s}, i=1,2,\ldots,N^\prime, G_{N^\prime+1}^{(s)} =1-U_{N^\prime s}}\) with notation U ₀ = 0, U _n = 1, where \({N^\prime=\left\lfloor n/s\right\rfloor}\) is the integer part of n/s. Let \({ N=\left\lceil n/s\right\rceil}\) be the smallest integer greater than or equal to n/s, f _m (u), m = 1, 2, . . . , N, be a sequence of real-valued Borel-measurable functions. In this article a Cramér type large deviation theorem for the statistic \({f_{1,n} (nG_{1}^{(s)})+\cdots+f_{N,n} (nG_{N}^{(s)} )}\) is proved.     

Enterprise systems’ life cycle in pursuit of resilient smart factory for emerging aircraft industry: a synthesis of Critical Success Factors’(CSFs), theory,knowledge gaps,and implications

The research aims to investigate business value critical success factors (CSFs) of enterprise systems (ES) through their life cycle in pursuit of resilient smart factory for emerging aircraft industry. This article provides an extensive literature analysis of past 22 years based on conscientious criteria of authors: (i) who have published strategic content relevant to CSFs, (ii) received more than 300 citations and (iii) concurrently published two or more papers relevant to ES CSFs. The most cited strategic CSFs were termed as classical CSFs. The 22 CSFs were identified, validated and synthesised for better understanding of success across life cycle by aircraft industry experts. The top 10 empirically verified CSFs have numerous differences with past generic classical CSFs. This article canvases real insights of two distinct views: process and variance approaches of the ES CSFs. The process approach, which is a neglected research area, facilitates the researchers for identification of ES life cycle process coupled with a view of resource deployment when it is needed the most. While the variance approach facilitates practitioners and researchers in finding out which resource (CSF) is relatively more important. The significant findings for ES life cycle can help the practitioners and researchers to make rational decisions throughout the ES life cycle.     

The relation between real cash balances and physical inputs in South Korea's manufacturing sector

This study investigates the role of real cash balances and primary inputs in the production process of an average firm in a newly industrializing country, South Korea, for 1968–1983. It is hypothesized that real balances and capital in the modern sector of industrializing countries are substitutes akin to those of the developed countries; whereas in the traditional sector the two inputs are complements similar to those of the less developed countries. Using the translog cost function approach the hypothesis is verified for South Korea. The results also shed some light on the “Korean miracle” of growth along with implications for income redistribution.     

Asian economic integration: a perspective on South Asia

This paper argues in favor of open regionalism and continent-based integration in Asia. These are the effective instruments of outward-oriented development. The enlargement of trading blocs into continent-based integration also serves as a countervailing power to stem the excesses of economic globalism. The case made in the paper shows the need for institutional changes for promoting economic development. Institutional changes along with open regionalism are essential to enhancing outward-oriented development in South Asia. Respectable progress has been made in these areas across the continents in general, and in Asia in particular (ASEAN, SAARC, APEC). Efforts on these initiatives must be redoubled as we start the 21st century.     

Bangladesh's trade and economic relations with the socialist countries

After her independence in 1971, the economic relations between Bangladesh and the European socialist countries developed to a greater extent than before. But the socialist countries still remain relatively small trading partners of Bangladesh. Their share in the total aid received by the heavily aid-dependent Bangladesh has also not been very great. It is not possible to arrive at any precise estimate of the terms of trade and aid between Bangladesh and the socialist countries, but some rudimentary measurements show that they are unlikely to have been very different from those between Bangladesh and the rest of the world.     

Equilibrium in abstract economies without ordered preferences and with a measure space of agents

We report a generalization of Aumann's (1966) existence theorem to economies without ordered preferences and with externalities in consumption. Our work can alternatively be viewed as a generalization of the Shafer–Sonnenschein (1975) theorem to economies with a continuum of agents.     

The impact of increasing non-agricultural market access on EU demand for imported fish: implications for Lake Victoria chilled fillet exports

Import demand functions for origin-specific chilled fish filletsto the EU using a Rotterdam-type production model are estimated.Results are used to project the impact of the EU expanding marketaccess to non-African countries. The preference erosion argumentsuggests that the lower tariffs will erode the competitive positionof African countries; however, when the total impact of pricesis considered, expanding preferential access may result in increasedimports from African countries. If tariffs are reduced to zero,the total EU imports are projected to increase by 4.1 per centresulting in a 2.2 per cent increase in chilled fillet importsfrom Lake Victoria.     

Human capital inequality and income inequality: testing for causality

This study investigates the causal relationship between human capital inequality and income inequality in case of Pakistan. The annual time series data ranging from 1973 to 2009 is used for econometric analysis. Johanson co-integration and Granger Causality tests are used to confirm the existence of long run relationship and the causal relationship between human capital inequality and income inequality. The results indicate that there is positive relationship between the two types of inequalities in the long run. The estimates of causality test indicate that income inequality causes the human capital inequality but human capital inequality does not cause income inequality. Policy initiatives to reduce income inequality may empower people economically to avail skill building opportunities and accumulate their human capital through access to educational services.