APPLICABILITY OF TIME SERIES AND CROSSSECTIONAL ANALYSIS ON DATASET OF IRON ORE EXPORTS

Archit Dahiya

Volume 3, Issue 1 2019

Page: 10-20

Abstract

The changing shapes for Goa State's iron-metal charge industry, its business areas, and the resultant impact on the local economy are recorded across reality heterogeneity for the period over fifty years, beginning the opportunity of the State in 1962 till the mining blacklist by the Hon. High Court in 2012. The data for the assessment is from 1962-2012 and is detached into four sub-periods; pre-statehood (1962-87), post-statehood period (1988-2012), pre-movement (1962-1992) and as post-progression (1993-2012) period independently, and analyzed by fitting the semi-log and straight example backslide models using time-fakers. The assessment widely suggests a reducing duty of the iron-metal passage activity to Goa’s economy after some time, reflecting a fundamental compositional move in the Goa’s economy. The changing course of action of the passage markets reveals the changing force of iron-metal admission in the overall business segments in view of various coincidental parts. Further, it has all the earmarks of being that Goa's iron-metal admissions have encouraged obsession structure Japan and are more headed towards the Chinese business segments. The current examination tries a symptomatic solicitation of what is seen as the "spine" of Goa's economy through the assessment of examples in mining and toll of iron metal from India and Goa using data over a more drawn out period.

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