There exists an enormous interest in clarification of the relationship between education and economic growth. Over the past 30 years, there have been conducted studies by economists about the connection between education and economic growth. There are actually many publications which provide strong evidence that suggests a correlation between the two. This paper attempts to build upon previous publications and to introduce a unique insight along with contemporary evidence about the relationship between education and economic growth in India from 1975 to 2016 by foc using on primary, secondary and tertiary levels of education. The relationships are examined by utilization of econometric estimations with the Granger Causality Method and the Cointegration Method. These methods are used to create models that could shed light on the claim that education plays a central and significant role in economic growth of India which could consequently be used as an example for similar countries in Asia or around the world. The findings of this work show that there is compelling evidence proving a positive connection between education levels and economic growth in India which might influence governmental actions and shape the future of India.

The primary goal of this article is to evaluate water scarcity in selected countries of the Middle-East and assess the impact on agricultural production. To begin with, the Weighted Anomaly Standardized Precipitation (WASP) Index from 1979 to 2017 was spatially computed for Iran, Iraq and Saudi Arabia. In order to demonstrate the effect of reduced levels of water, the water shortage situation in cities with the population higher than one million was examined. This was accomplished by utilizing the Composite Index approach to make water related statistics more intelligible. A projection for the years of 2020 to 2030 was created in order to demonstrate possible changes in the supply and demand for water in selected countries of the Middle-East. In regards to evaluating the economic effects of water shortages on agricultural sector, effects of lower precipitation on agricultural production in Iran, Iraq and Saudi Arabia were estimated. With ever-increasing urbanization, all countries are currently experiencing a moderate to high water risk. Our research points to excessively high water stress for most analyzed cities through the year 2030. Also, it is demonstrated how much precipitation decreases influence agricultural production in Iran, Iraq and Saudi Arabia. From the analyzed countries, some evidence is found that precipitation negatively influences crop production, primarily for Iran.

There is a global need to increase the production of alternative sources of energy due to many issues related to conventional sources, such as environmental degradation or energy security. In this paper, decentralized liquefied natural gas production is analyzed. Liquefied natural gas, according to the analysis, can be considered a viable alternative even for decentralized applications Design and economic analysis of a small-scale biogas LNG plan together with the necessary technology and economic evaluation are presented in the paper. The results show that a project of the proposed size (EUR 3 million) offers a relatively good profitability level. Specifically, the net present value of the project is mostly positive (around EUR 0.1 million up to EUR 0.8 million). Therefore, based on the research, small LNG plants operating across the continent can be recommended for the processing of local sources of biogas.

Indonesia needs to find an alternative fuel to substitute diesel in their power plants in order to reduce the use of nonrenewable energy sources. The Indonesian government has a target to reduce oil fuel consumption while improving the efficiency of energy utilization. Crude palm oil is proposed to be used for this substitution. In this paper, the authors conduct an economic analysis of the replacement of diesel by crude palm oil. To predict future prices, a time series analysis is conducted using AutoRegressive Integrated Moving-Average method. A financial analysis of a specific project (0.75-MW power plant) is conducted using static financial indicators (payback period, return on investment). Results show that replacing diesel with crude palm oil may be profitable. This is especially true for the proposed prospects of diesel price evolution. Analysis shows that the price of crude oil, which is the main factor in the pricing of diesel, may go up. Also, recently Indonesian currency depreciated against the US dollar, which also implies a higher cost of diesel.