January 2010

Comparison of Akaike information criterion (AIC) and Bayesian information criterion (BIC) in selection of an asymmetric price relationship

Information criteria provide an attractive basis for model selection. However, little is understood about their relative performance in asymmetric price transmission modelling framework. To explore this issue, this research evaluated the performance of the two commonly used model selection criteria, Akaike information criteria (AIC) and Bayesian information criteria (BIC) in discriminating between asymmetric price...

Author(s): Henry de-Graft Acquah

January 2010

GM technology and sustainable agriculture future: Empirical evidences from Bt cotton farmers in Maharashtra and Gujarat in India

World agriculture is passing through a distinct phase of transformation, called the ‘second Green Revolution’ or Gene Revolution, in which modern biotechnology enables the production of genetically modified (GM) crops/ foods that are claimed to help resolve the pressing problems of food security, malnutrition and abject poverty in different parts of the world. However, there are apprehensions the world...

Author(s): P. K. Viswanathan and N. Lalitha