Browsing by Author "Ghosh, Subhadip"
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Item An analysis of patterns of retail gas price variations in Canada(2022) Ghosh, Subhadip; Islam, ShahidulThis paper intends to study the patterns in retail gasoline price variations in Canada. In particular, we examine the following questions. First, we determine whether retail gasoline prices are higher on certain days of the week. Specifically, are the retail prices higher during the weekends than the weekdays in Canada? Second, we investigate specific differences in the retail gasoline prices over various days of the week across different Canadian cities and provinces. Finally, we compare the average retail gasoline prices across different provinces in Canada.Item Cash assist or shark loan? In quest of doing well while doing good(2022) Taleb, Ali; Ghosh, SubhadipJim Kamal, 24 years, was a socially-conscious entrepreneur at hart. He just completed his undergrad studies in Accounting and was exploring the opportunity of starting a Payday Loan business. While doing market research, he came across various information that made his decision difficult. On the one hand, the opportunity appeared to have great potential for superior return on investment. On the other hand, the industry clearly suffered from a bad image due to what the press and government representatives qualified as unethical commercial practices. This was in contradiction with Kamal's personal values and professional objective - doing good while doing well.Item Competitive product positioning and pricing under brand loyalty(2016) Enstroem, Rickard; Ghosh, SubhadipWe analyze the pure strategy equilibrium in prices and the corresponding equilibrium product differentiation in a two-stage linear spatial competition duopoly model with quadratic transportation costs. Both firms have segments of brand loyal and non-brand loyal consumer segments, with the two firms primarily competing on the brand switching segment. A comparative statics analysis is undertaken, looking at the impact of a change in size, presence, and asymmetry of the brand loyal segments.Item Energy demand and the potential role of imported liquefied natural gas (Lng) in Bangladesh(2023) Islam, Shahidul; Ghosh, Subhadip; Wang, YoukeThe rapid economic progress of Bangladesh is associated with a swiftly rising demand and energy consumption. Future economic growth will undoubtedly require a proportionate increase in energy availability within affordable prices. Bangladesh is inherently energy-scarce and heavily dependent on imported energy, primarily fossil fuels. Several approaches and strategies were attempted over time to mitigate the energy shortage. Some of them were reasonably successful, while others failed. In this study, we first examine the historical developments of the energy sector in Bangladesh since its independence and then use three approaches--triple exponential smoothing, vector autoregression, and the Cochrane-Orcutt AR(1) process to forecast the energy demand. Data for this study were taken from various sources, including British Petroleum, International Gas Union, International Energy Agency, Bangladesh Bureau of Statistics, World Bank, Petrobangla, and Energy Information Agency of the United States. As expected, each model predicts an exponential growth of energy demand in Bangladesh. We then explored the possibilities of mitigating such projected energy demand. Various studies show that Bangladesh has some potential for producing energy from renewable sources, i.e., solar, hydro, wind, wave, and others. However, such possibilities are limited, and many are still in their infancy. Although an increase in renewable energy is desirable from an environmental perspective, it alone will not meet Bangladesh's growing energy demand. At least in the short term, Bangladesh must rely on imported fossil energy. Among the fossil energy sources, LNG is by far the cleanest. With the development of technology, liquefaction, transportation, and regasification, LNG production, transportation, and use are becoming less expensive. Progressively more natural gas-producing countries are joining LNG production and export, contributing to the market's competitiveness. Though historically tied to the oil market, LNG markets are becoming more and more independent because of the increasing number of participants from both the demand and supply sides. Given that both its global price and negative impact on the environment are relatively lower than other fossil fuels, imported LNG should be the fuel of choice for Bangladesh. Government policies should focus on both importing LNG and expanding renewable energy resources.Item Energy infrastructure in India: challenges and opportunities(2022) Majumder, Rajarshi; Ghosh, Subhadip; Chatterjee, BidishaProductivity is the new buzzword for economic growth in the era of globalization, as countries with higher productivity levels enjoy a comparative advantage over their competitors. Infrastructure is critical in this quest for higher productivity, growth, and development, and energy infrastructure is one of its crucial components. Longterm planning for ensuring that energy demands are met has become an integral part of policy-making, as energy infrastructure requires a huge lump sum investment and has a long gestation period. So, capacity augmentation and installing energy infrastructure in its physical form (refineries, power plants, pipelines, distribution lines, and so on) have to be planned and executed early. In this paper, we first narrate India’s energy demand/consumption trends over the last four decades and then try to forecast future energy demands and related energy infrastructure needs over the medium to long run period of 20 years from 2020 to 2040. Total Primary Energy Consumption is expected to be more than double the current level, and electricity demand to treble. As a result, coal production, oil refining, gas importing and distribution, electricity generation, and transmission & distribution capacities all have to grow substantially. Thus, we are looking at massive infrastructure requirements for the energy production sector. Finally, policy implications are also discussed.Item Fifty years of agricultural development in Bangladesh: a comparison with India and Pakistan(2022) Islam, Shahidul; Ghosh, Subhadip; Podder, MohuaSince its independence in 1971, Bangladesh has made remarkable economic progress, evolving from a low-income to a lower-middle-income country. Its agricultural sector remains essential for the economy and food and nutrition requirements despite having a gradually declining share of GDP and employment. This paper examines various aspects of the agricultural growth of Bangladesh using different forms of analysis, including the use of a log-linear Cobb–Douglas production function. Empirical models include the ordinary least-squares method for investigating the agricultural growth in Bangladesh since independence and the generalized least square method for the cross-country comparison with India and Pakistan. We observe that Bangladesh underwent a typical sectoral transformation in employment and GDP growth, transferring labor from the low-productive agriculture sector to the high-productive manufacturing and service sectors. Such a transformation was due to the declining labor demand in the agriculture sector because of growing mechanization as well as the increased labor demand from rural off-farm activities and manufacturing and service sectors, resulting in enhanced rural wages and standard of living. The agriculture sector of Bangladesh, despite its continuously declining contribution to GDP, remains vital for sustained food and nutrition security and economic growth. The low values of calculated output elasticities from our regression results imply a limited growth possibility with the existing technology. Despite this and several other constraints, the agriculture sector has potential for growth by developing and adopting appropriate technology and realizing efficiency gains from proper input and output mixes. These need to be supported by appropriate policies and institutions. As land is a major constraint, less land-intensive subsectors like livestock and poultry should also be explored among the possible policy recommendations.Item A game-theoretic analysis of Canada’s entry for LNG exports in the Asia-Pacific market(2023) Ghosh, Subhadip; Islam, ShahidulThe import demand for energy resources, including liquefied natural gas (LNG), has been steadily increasing in the Asia-Pacific region. Australia, the Middle East (Qatar), the Russian Federation, and the U.S. are the major players who compete strategically to capture this ever-growing market for LNG. The objective of this paper is to examine the potential for Canada’s entry into this market as another LNG exporter and what impact that can have on the existing suppliers. Using a game-theoretic LNG export competition model, we explore the conditions under which Canada can make a profitable entry. We also investigate the effect of Canada’s entry on the profitability of the four incumbent exporters. Employing a multi-leader Stackelberg model, we found that Canada’s entry could be a Pareto superior outcome under certain conditions because it benefits all competing firms and consumers. Further, Canada’s entry into the LNG export market always helps the low-cost incumbent firms by increasing their output and profit. However, the high-cost incumbent firms’ output falls, while their profit may increase or decrease depending on the unit cost and market size parameters. With differential export costs between Canada and the U.S., the latter has an incentive to act strategically to affect the entrance of the former.Item Success of the garment industry and its impact on gender equality in Bangladesh(2023) Podder, Mohua; Ghosh, Subhadip; Islam, ShahidulBangladesh has been successful in transforming itself from one of the poorest counties in the world to a lower-middle-income country in 50 years. The readymade garment sector has been a major driving force behind its growth and development. It has contributed to higher per-capita income and catalyzed social and economic development, structural transformation, and gender empowerment. Using exploratory data analysis and literature survey, this paper intends to investigate the reasons behind the rapid growth of the readymade garment sector in Bangladesh and its importance in promoting gender equality in Bangladesh.Item Vendor managed inventory with fixed shipping cost allocation(2019) Son, Joong Y.; Ghosh, SubhadipThis paper examines the effectiveness of a vendor-managed inventory (VMI) system in a decentralised supply chain. Specifically, a two-tier supply chain with one vendor and multiple buyers is analysed under two replenishment models – an LMI system and a VMI system with vendor coordination that includes retailer incentives and cross-docking at the vendor. The impact of supply chain design parameters (number of retailers and retailer heterogeneity), and a policy parameter (shipment frequency) on the effectiveness of the VMI system is studied. Using an analytical model as well as numerical experiments, we find that incentive-aligned contractual arrangements can be made between the vendor and the retailers through reallocation of fixed shipping cost savings arising from VMI.