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Fall 2010, Volume V, Issue III

Fall 2010, Volume V, Issue III



A model of cotton export supply response of the Ugandan industry is developed and estimated using OLS and annual data for the period 1976 to 2008. The functional form adopted is the double log reached through functional form analysis, by considering economic theory and statistical analysis. The inclusion of the lag of the dependent variable nullified the use of residual analysis which may lead to autocorrelation.

The E-Views and Statistical package for social sciences SPSS were used in the fitting and testing of the model.

The estimates suggest that, the supply of cotton exports is elastic with respect to price. The results also show that the adjustment of export supply to changes in price is instantaneous, the domestic production capacity of cotton, world market prices have significant positive impact on cotton export supply. However liberalization had significant negative impact on cotton export supply.

Policy implications include, reform of the farmers’ cooperative unions, credit facilities to exporters and farmers, rehabilitation and construction of modern ginneries to improve the quality of cotton for export.


2. Study on Socio Economic Status and Awareness of Indian Investors of Insurance  Clifford Paul S.  Joseph Anbarasu D.,  and Annette Barnabas


After the opening of insurance to private players, there has been a great growth in insurance in India. But India is far behind world averages in terms of insurance penetration, and insurance density. This research determines the socio economic status and awareness of 1655 investors of insurance from Trichy, Tamilnadu. The study reveals that awareness is low and needs to be improved among the uneducated, lower age group and daily wage class. The study also shows that real growth in life insurance will occur when customers realize the true value of life insurance beyond tax saving.