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Cross ownership and merger under technology adoption Indian Growth and Development Review Pub Date : 2024-03-14 Arijit Mukherjee
Purpose This paper aims to consider the effects of a merger on technology adoption and welfare in the presence of passive cross ownership. Merger increases investments in process technology and may increase welfare. The results are important for antitrust policies and suggest that the antitrust authorities may not need to be too concerned about mergers in industries with cross ownership. Design/methodology/approach
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Informal sector in India and adoption of digital technologies Indian Growth and Development Review Pub Date : 2023-11-21 Nabamita Dutta, Saibal Kar, Supratik Guha
Purpose According to the Government of India’s Ministry of Labour and Employment Report (2015), almost 90% of the Indian workforce can still be categorized as informally employed, generating approximately 50% of the national product. Challenges with data availability have made a rigorous analysis of the informal economy in India often difficult and inadequate for policy formulations. This study aims
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The growth of the Indian agro-based industry and its emissions: industrial relevance of the environmental Kuznets curve hypothesis Indian Growth and Development Review Pub Date : 2023-11-02 Nivaj Gogoi
Purpose The modernization of the agro-based industry has encouraged the application of inorganic fertilizers to increase productivity. However, such fertilizer emissions may pose harmful environmental effects in the long run. This study aims to empirically explore the matter by applying the environmental Kuznets curve (EKC) hypothesis in the Indian agro-based industry. Design/methodology/approach The
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A critique of the national asset reconstruction company, India’s bad bank Indian Growth and Development Review Pub Date : 2023-09-28 Rohit Prasad
Purpose This study aims to provide a critique of the institutional framework of the National Asset Reconstruction Company Limited (NARCL), India’s “bad bank.” Design/methodology/approach The approach followed is the development of an economic model of the gains to trade of an Asset Reconstruction Company. Findings Using an economic model, the paper shows that the rules of the game create an uneven
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Migration in India under structural transformation Indian Growth and Development Review Pub Date : 2023-07-11 Yiming Liu
Purpose This study aims to answer if inter-state migrants in India play a more active role than their intra-state counterparts in labor force participation and entrepreneurship. Design/methodology/approach A recursive bivariate probit model is used with an instrumental variable (IV) of the total of inter-state migrants in a city over their historical numbers to tackle the endogeneity issue of the migration
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Asymmetric information, capacity constraint and segmentation in credit markets Indian Growth and Development Review Pub Date : 2023-05-29 Pallabi Chakraborty, Amarjyoti Mahanta
Purpose The purpose of this study is to propose a model of competition between a formal lender (bank) and an informal lender (moneylender) with informational asymmetry between these two lenders. Further, the authors introduce capacity constraint on the lending capacity of the moneylender and assume that borrowers differ in risk and wealth. Design/methodology/approach The solution concept of Nash equilibrium
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Why do Indian startups fail? A narrative analysis of key business stakeholders Indian Growth and Development Review Pub Date : 2023-04-20 Nayanjyoti Goswami, Ashutosh Bishnu Murti, Rohit Dwivedi
Purpose This paper aims to examine the factors that lead to the failure of startups in India and proposes a ‘Four Dimensional (4D) Strategic Framework’ to drive success. Design/methodology/approach This study is exploratory and uses a narrative analysis methodology to analyse the accounts of key startup stakeholders – founders, investors, former employees and consumers; to identify their failure factors
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Impact of crude prices shock on GDP growth: using a linear, nonlinear and extreme value framework Indian Growth and Development Review Pub Date : 2023-03-15 Soumya Bhadury, Satadru Das, Saurabh Ghosh, Pawan Gopalakrishnan
Purpose Rising crude oil prices are likely to have an asymmetric and nonlinear negative impact on GDP growth. The purpose of this paper is to ask the following questions: Does the effect of a crude price shock depend on the position of crude price cycle, i.e. is the effect of price shock larger/smaller in periods of already elevated crude price? And, does the effect of crude price shock depend on the
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Towards a better measure of productivity in India: a case of chemical and chemical products industry Indian Growth and Development Review Pub Date : 2023-03-20 Vipin Valiyattoor, Anup Kumar Bhandari
Purpose A brief review of earlier studies on the productivity scenario of Indian industry shows that most of the studies analysed are confined to either parametric approach or growth accounting approach of measuring productivity. At the same time, the few studies based on the non-parametric [namely, Malmquist productivity index (MPI)] overlook the returns to scale conditions as well as the bias involved
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Estimation of sharing rule: an application of intra-household collective model on Indian data Indian Growth and Development Review Pub Date : 2023-03-07 Amita Majumder, Chayanika Mitra
Purpose Many aspects of well-being depend critically on individual-level expenditure and consumption. The Millennium Development Goals include the promotion of gender equality and the empowerment of women, which partly have to do with women’s access to resources within households. Many important questions in labour, public and development economics also hinge on the intra-household distribution of
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Technical efficiency and its determinants of handloom micro-enterprises in the Indian state of Assam: a two-stage double-bootstrap DEA approach Indian Growth and Development Review Pub Date : 2023-03-02 Bijoy Kumar Dey, Gurudas Das, Ujjwal Kanti Paul
Purpose This paper aims to estimate the technical efficiency (TE) and its determinants in the handloom micro-enterprises of Assam (India) using the double-bootstrap data envelopment analysis (DEA) technique. Design/methodology/approach The study uses a random sample of 340 handloom micro-entrepreneurs from the three districts of Assam in India. The double-bootstrap DEA was used to calculate the TE
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Long run effects of anti-immigration policy Indian Growth and Development Review Pub Date : 2023-02-27 Manash Ranjan Gupta, Priya Brata Dutta
Purpose This study aims to introduce an education sector which transforms a part of unskilled labour into new skilled labour, and then show how the level of output of educational service is determined in the short-run equilibrium along with the level of output of two production sectors. This study also introduces intertemporal dynamics into the model assuming that all factor endowments grow over time
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Crop diversity and farm income: evidence from a large-scale national survey Indian Growth and Development Review Pub Date : 2022-11-10 Vandana Sehgal
Purpose This study aims to evaluate the effectiveness of crop diversification in increasing the income of farm households. In addition, this study introduces the impact of natural disasters in the analysis to determine how diversification helps mitigate the negative effect of disasters on farm income. More importantly, the study also analyses the effect of diversification on farm income by farm class
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Impact of COVID-19 on convergence in Indian districts Indian Growth and Development Review Pub Date : 2022-09-22 Manisha Chakrabarty, Subhankar Mukherjee
Purpose The purpose of this paper is to estimate the impact of the COVID-19 pandemic on the patterns of convergence/divergence among the districts in India. Specifically, this paper investigates if the impact is heterogeneous among different cohorts of districts (based on income distribution). The differential impact may lead to heterogeneous long-run growth paths, resulting in unbalanced development
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Corruption in NREGA: a theoretical analysis Indian Growth and Development Review Pub Date : 2022-09-09 Tilak Sanyal
Purpose Niehaus and Sukhtankar (2013a, 2013b) find that in response to an increase in the public wage rate in National Rural Employment Guarantee Act (NREGA), underpayment of wage and embezzlement rates increase monotonically. This paper aims to investigate theoretically whether the empirical finding of Niehaus and Sukhtankar (2013b) is valid in the long run. The author also verify whether their observation
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Leverage strategies of Indian telecom sector: a dynamic panel data approach Indian Growth and Development Review Pub Date : 2022-03-09 Tasneem Khan, Mohd Shamim, Mohammad Azeem Khan
Purpose The purpose of this paper is to examine the optimal leverage ratio, speed of adjustment, and which factors contribute to achieving the target of selected telecom companies in a partial adjustment framework from 2008 to 2017. Further is to analyze the likelihood of bankruptcy of sample companies by Altman Z-Score model and to suggest which theory of capitals structure is better in explaining
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Promoter ownership and bankruptcy reforms: evidence from India Indian Growth and Development Review Pub Date : 2022-02-17 Vishnu K. Ramesh, Reshma K. Ramesh, Jithesh T.
Purpose The demand-side view of creditor rights posits a negative association between creditor rights and corporate borrowings. The purpose of this paper is as follows: first, the author examines whether the demand-side effect is more pronounced amongst firms with excess promoter shareholding. Subsequently, the authors analyze the impact of high promoter holdings on investment decisions owing to bankruptcy
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SME financing through public equity: review of the Indian SME exchanges Indian Growth and Development Review Pub Date : 2022-02-08 Avinash Ghalke, Satish Kumar, S.V.D. Nageswara Rao
Purpose Timely access to reasonably priced financing is critical to promote and sustain small and medium sized businesses (SMEs). This study aims to examine the role of the newly constituted SME exchanges in funding the growth of Indian SME firms. The impact of obtaining public equity capital on the firm’s growth prospects, capital structure and credit profile is the focus of this paper. In addition
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Optimal commodity taxation – a new computational procedure with application to India Indian Growth and Development Review Pub Date : 2022-02-03 Amita Majumder, Ranjan Ray, Sattwik Santra
Purpose This paper aims to illustrate the usefulness of the proposed procedure to evaluate the Goods and Services Tax (GST) in India by applying it to provide evidence on optimal commodity tax rates. Design/methodology/approach In the optimal commodity tax literature, the commonly used Ramsey–Samuelson–Diamond–Mirrlees framework assumes invariance of budget allocation between pre- and posttax regimes
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Searching for hedging and safe haven assets for Indian equity market – a comparison between gold, cryptocurrency and commodities Indian Growth and Development Review Pub Date : 2022-01-05 Sayantan Bandhu Majumder
Purpose This paper aims to evaluate the hedging and safe haven properties of gold, cryptocurrency and commodities against the Indian equity market. Design/methodology/approach First, the authors estimate the hedging and safe haven abilities of gold, cryptocurrency and commodities for the Indian stock market and further verify whether such properties vary across the broad stock market indices and over
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Structural change and economic growth in India: a comparative study of Punjab Indian Growth and Development Review Pub Date : 2021-10-22 Anirban Sanyal, Nirvikar Singh
Purpose The Green Revolution transformed agriculture in the Indian State of Punjab, with positive spillovers to the rest of India, but recently the state’s economy has fallen dramatically in rankings of per capita state output. Understanding the trajectory of Punjab’s economy has important lessons for all of India. Economic development is typically associated with changes in economic structure, but
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Wealth distribution and skills generation under public and private education systems Indian Growth and Development Review Pub Date : 2021-08-17 Sriparna Goswami, Bidisha Chakraborty
Purpose This paper aims to understand the differing impacts of wealth distribution on human capital accumulation and skilled-unskilled labour generation under three educational paradigms as follows: private, public and a system of mixed education. Design/methodology/approach The authors use an overlapping generations model. Findings The wealth dynamics show that both in the private education system
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Does any nexus between electricity consumption and economic growth exist? Evidence from Haryana using VAR model Indian Growth and Development Review Pub Date : 2021-08-04 Kamaljit Singh
Purpose In the fast-changing technological environment, electricity is the essence of the world economy and a significant means for all the modern world’s possessions. The ongoing economic downturn focuses on energy’s role in the economy. This study aims to explore the nexuses between per capita electricity usage and per capita state gross domestic product (SGDP) in Haryana, India. Design/methodology/approach
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Impact of re-election on development in India: a comparative analysis of leading and lagging states Indian Growth and Development Review Pub Date : 2021-07-05 Biswa Swarup Misra
Purpose The purpose of this paper is to examine political accountability to the voter in India by studying re-election patterns in 14 major states categorized as leading and lagging during the period 1952–2015. Design/methodology/approach This study has computed a state-wise re-election index by taking the ratio of the number of constituencies exhibiting re-election in four consecutive terms during
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Role of digital economy and technology adoption for financial inclusion in India Indian Growth and Development Review Pub Date : 2021-06-14 Vishal Vyas, Priyanka Jain
Purpose The study aims to explore the role of digital economy and technology adoption for financial inclusion in the Indian context. Design/methodology/approach A conceptual framework was developed and hypotheses were tested through a survey conducted on 433 educated adults (males and females) residing in different districts of Rajasthan (India). Data was collected through a structured questionnaire
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Can unemployment be answered by Micro Small and Medium Enterprises? Evidences from Assam Indian Growth and Development Review Pub Date : 2021-05-07 Ankita Sarmah, Bedabrat Saikia, Dhananjay Tripathi
Purpose Generating meaningful employment has become a major concern for countries across the globe to break the vicious circle of poverty. Employment creation becomes more intricate in a developing economy like India where the population is at an incessant rise, without a simultaneous increase in the employment generation. In the event of situations of mounting unemployment, micro small and medium
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Peer effects in the valuation and practices of food safety: findings from the study of dairy consumers in India Indian Growth and Development Review Pub Date : 2021-04-08 Raj Chandra, Abdul Munasib, Devesh Roy, Vinay K. Sonkar
Purpose Information is often available to consumers through their social networks. Focusing on dairy consumers in India, this paper aims to present evidence of peer effects in consumers’ attitudes towards various food safety attributes and food safety practices. Design/methodology/approach Unobserved individual heterogeneities are crucial confounders in the identification of social (endogenous) effects
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Measuring volatility spillovers and asymmetric responses of Agri commodity prices: evidence from spices and rubber futures in India Indian Growth and Development Review Pub Date : 2021-06-02 Saji Thazhugal Govindan Nair
Purpose This paper aims to investigate price responses and volatility spillovers between commodity spot and futures markets. The study ultimately seeks the evidence-based claims on the efficiency of the long run and short run horizontal price transmissions from futures markets to spot markets. Design/methodology/approach This study used the most recent daily price series of pepper, cardamom and rubber
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Changes of base-year and Indian GDP growth: an agnostic look Indian Growth and Development Review Pub Date : 2021-06-03 Manisha Chakrabarty, Partha Ray
Purpose World over, change of base year in the gross domestic product (GDP) is a standard practice of GDP estimation. However, unless a consistent series of GDP is released with respect to the new base for the earlier period, the existence of multiple growth rates creates problems for applied researchers, policymakers and the general public alike. Faced with such a menu of GDP series researchers often
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Foreign trade, financial development, agriculture, energy consumption and CO2 emission: testing EKC among emerging economies Indian Growth and Development Review Pub Date : 2020-08-26 Nitin Koshta, Hajam Abid Bashir, Taab Ahmad Samad
Purpose The main purpose of this study is to explore the presence of the EKC hypothesis in emerging economies. Additionally, the present study also explores the existence of the “resource curse hypothesis” (RCH), and the causal relationship among the variables that are considered for testing the presence of EKC and RCH hypothesis for a panel of selected emerging economies for the time period between
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Discretionary transfers in Indian federal finance: a panel data analysis Indian Growth and Development Review Pub Date : 2020-08-03 Chittaranjan Nayak, Priyabrata Satpathy
Purpose Despite existence of a constitutional demarcation of functions and finances between the centre and the states, it is alleged that the centre-state funds transfer systems in India have a political bargaining aspect that goes beyond the normative considerations. This paper makes an attempt to investigate if the political system allows to evolve a simple, equitable, objective and rule-based system
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Globalisation, crime and wage inequality: a theoretical analysis Indian Growth and Development Review Pub Date : 2020-08-03 Manash Ranjan Gupta
Purpose This study aims to focus on the effects of economic globalisation programme on the problems of criminal activities and on the degree of skilled–unskilled wage inequality. Design/methodology/approach A competitive general equilibrium model of a small open economy is developed. Unskilled labour moves from the production sector to the criminal sector. Those who join the criminal sector snatch
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A simple model of time zone differences, virtual trade and informality Indian Growth and Development Review Pub Date : 2020-06-29 Biswajit Mandal, Alaka Shree Prasad
In this paper we attempt to model virtual trade resulting from time zone differences in an otherwise Heckscher-Ohlin set up which is absent in the literature. So, this paper tries to add some value to the existing stuff on the trade theory and the role of time zones. In doing so, it has been proved that exploitation of time zone difference benefits skilled labor only under reasonable assumption. Contrarily
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Perceived vulnerability of cyberbullying on social networking sites: effects of security measures, addiction and self-disclosure Indian Growth and Development Review Pub Date : 2020-06-25 Shilpi Jain, Soni Agrawal
Purpose Cyber-bullying is a form of cyber-crime that has been propagated through extensive use of social networking sites (SNS). Despite the implementation of sophisticated security measures and government compliances, privacy intrusion is petrifying. Therefore, the purpose of this paper attempts to explore as follows: why cases of bullying are still snowballing year after year? Is it possible that
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Structural breaks in the central government taxes in India, 1950-1951 to 2013-2014 Indian Growth and Development Review Pub Date : 2020-05-15 Anita Rath
Purpose The purpose of this paper is to find out the factors contributing to major shifts in the growth of tax revenue through the estimation of structural breaks and analysis of major tax regimes. Recent contributions to optimal tax theory and empirical literature on the Laffer curve effect, based on elasticity of taxable income, challenge the settled understanding on the rate-revenue relationship
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Impact of policy initiatives and collaborative synergy on sustainability and business growth of Indian SMEs Indian Growth and Development Review Pub Date : 2020-03-26 Maitreyee Das, Krishnamachari Rangarajan
The influence of sustainability practices, especially those related to the environment and society in driving business growth is evident from the annual sustainability reports of big corporations. Also, there has been a plethora of research relating sustainability performance to the financial performance of these companies. However, in the case of small and medium-sized enterprises, a very limited
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Tax structure and economic growth in India: insights from ARDL model Indian Growth and Development Review Pub Date : 2020-03-23 Yadawananda Neog, Achal Kumar Gaur
In the academic debate, the tax–growth relationship is always a controversial one. This paper aims to investigate the relationship between tax structure and economic growth in India for the period 1980-2016. After controlling for total tax revenue share to GDP in the estimation model, the authors examine the long-run and short-run relationship between tax structure and growth in India.,Auto-regressive
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Price stabilization or income support? Preferences and cost of programmes Indian Growth and Development Review Pub Date : 2020-03-16 Amarjyoti Mahanta,Bodhisattva Sengupta
PurposeOver the past 25 years, direct cash transfers (often abbreviated as direct benefit transfer, DBT) to the poorer section of the society are gaining popularity over explicit subsidization of prices of essential commodities. One of the main arguments in favor of DBT is that it will cost the government less money and yet, the consumer benefit will be high. This paper aims to examine the proposition
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Is productivity of Indian pharmaceutical industry affected with the introduction of product patent act? Indian Growth and Development Review Pub Date : 2020-02-13 Varun Mahajan
The purpose of this paper is to empirically study the impact of product patent regime on the productivity of different categories such as ownership, R&D, size and product-wise of Indian pharmaceutical firms using non-parametric data envelopment analysis.,The present study has applied Ray and Desli’s Malmquist productivity index and its decomposition to measure total factor productivity (TFP) change
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Conventional procedure vis-à-vis bootstrap-based corrections of efficiency analyses Indian Growth and Development Review Pub Date : 2020-01-08 Vipin Valiyattoor, Anup Kumar Bhandari
This paper aims to evaluate the performance of basic metals industry in India and analyze its determinants, using data envelopment analysis (DEA) method. It also intends to compare the results through conventional two-stage and bootstrap-based inferences.,Considering technical efficiency as a measure of performance, this paper specifically investigates whether the participation of a firm in the global
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Do spouses influence each other's stated son preference? Indian Growth and Development Review Pub Date : 2020-01-02 Marie-Claire Robitaille,Ishita Chatterjee
PurposeThis paper aims to understand the motivations behind married men preferring sons and to quantify the association between a couple’s stated son preferences. Son preference is an endemic problem in India. With half a million female foetuses aborted each year, the root causes of son preference in India have been widely studied. Little is known, however, on how couples mutually decide on their desired
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The spatial price map of India drawn using pseudo unit values Indian Growth and Development Review Pub Date : 2020-01-02 Amita Majumder,Ranjan Ray,Sattwik Santra
PurposeThis study aims to apply a proposed methodology for calculating spatial prices in a heterogeneous country setting such as India with limited price information. Based on the empirical evidence, the study plans to draw the spatial price map of India with different colours denoting states and districts with varying level of spatial prices.Design/methodology/approachThis study shows that a procedure
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Rethinking the effect of floods and financial development on economic growth Indian Growth and Development Review Pub Date : 2019-12-19 Yashobanta Parida,Devi Prasad Dash
PurposeThe purpose of this paper is to evaluate the effect of floods and the role of financial development on per capita gross state domestic product (GSDP) growth, controlling for growth-enhancing factors across Indian states.Design/methodology/approachThe paper uses the pooled mean group (PMG) method using state-level panel data for 19 Indian states over the period 1981-2011.FindingsThe PMG estimate
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Peace keeping in a model of conflict with foreign investments Indian Growth and Development Review Pub Date : 2019-11-14 Sajal Lahiri,Valerica Vlad
PurposeThis paper aims to examine the role of outside peacekeepers in a bilateral conflict.Design/methodology/approachThe authors build upon a trade theoretic framework by incorporating disruptions due to war, which could affect directly the return to investment, both domestic and foreign, and by introducing explicitly peacekeeping forces into the model. Two countries are engaged in a war, with the
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Services input and productivity in Indian manufacturing plants Indian Growth and Development Review Pub Date : 2019-11-14 Bishwanath Goldar
The purpose of this paper is to analyse econometrically determinants of total factor productivity (TFP) in Indian manufacturing plants with a focus on the influence of services input on productivity.,Plant-level data drawn from Annual Survey of Industries for the years 1998-1999 to 2012-2013 are used for the estimation of TFP at plant-level by applying the Levinsohn–Petrin methodology. Econometric
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Determining the odds of employment in Pakistan Indian Growth and Development Review Pub Date : 2019-11-11 Izza Aftab,Umair Mazher
PurposeThe paper aims to identify the determinants of employment in Pakistan. In light of the jobless growth Pakistan has experienced starting from 2000, this is a valid concern. The paper discusses the structural relationship between employment and growth in Pakistan and analyzes it empirically within an economic geography framework.Design/methodology/approachThe paper applies a Logit regression analysis
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Structure and growth of employment: evidence from India KLEMS data Indian Growth and Development Review Pub Date : 2019-11-11 Suresh Chand Aggarwal, Bishwanath Goldar
Purpose This study aims to analyze the structure and trend in employment in the Indian economy between 1980-8081 and 2015-2016. Design/methodology/approach Use of India KLEMS data set. Estimate growth rate of employment and discuss employment prospects using “Point” employment elasticity. Findings Whilst India’s GDP growth rate has been quite impressive since the reforms of 1991, the rate of employment
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Employment in South Asia: a new data set Indian Growth and Development Review Pub Date : 2019-11-11 Robert C.M. Beyer, Milagros Chocce, Martin Rama
This paper presents a new dataset of comparable employment indicators for South Asian countries, constructed from more than 60 primary data sources from 2001 to 2017. The main contribution of the paper is to curate the information provided by individual respondents to censuses and surveys, in a way that is consistent across countries and over time. The usefulness of the dataset is illustrated by conducting
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Dynamics of banking sector integration in South Asia: an empirical study Indian Growth and Development Review Pub Date : 2019-11-11 Piyush Pandey, Sanjay Sehgal, Wasim Ahmad
Banks in the South Asian region are the fulcrum of economic growth and development as they provide means to development credit and working capital, trade and infrastructure finance and are seen as custodians of the trust in the financial system. This paper aims to study the nature of banking sector linkages for the region.,The dependence structure between deposits and lending rates individually for
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Re-examining the twin deficit hypothesis for major South Asian economies Indian Growth and Development Review Pub Date : 2019-11-11 Shruti Shastri
The purpose of this study is to revisit the twin deficit hypothesis (TDH) and provide insights into the transmission mechanism connecting budget deficits and current account deficits for five major South Asian countries, namely, India, Bangladesh, Pakistan Sri Lanka and Nepal for the period 1985-2016.,This study uses a multivariate framework including real interest rate, real exchange rate and real
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Imperfect certification and eco-labelling of products Indian Growth and Development Review Pub Date : 2019-11-11 Charu Grover, Sangeeta Bansal
Purpose - This paper aims to investigate the role of certification in providing information and reducing market inefficiencies when the “certification process is imperfect”. In the setting, eco-labels imperfectly signal environmental product quality to consumers where the error in the process of certification could be either Type 1 or Type 2 error. The paper examines firms' incentive to get certified
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Employment targeting in a frictional labor market Indian Growth and Development Review Pub Date : 2019-11-11 Chetan Ghate, Debojyoti Mazumder
Governments in both developing and developed economies play an active role in labor markets in the form of providing both formal public sector jobs and employment through public workfare programs. We refer to this as employment targeting. In the context of a simple search and matching friction model, we show that the propensity for the public sector to target more employment can increase the unemployment
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Efficiency wage, unemployment and tourism development: a theoretical analysis Indian Growth and Development Review Pub Date : 2019-11-11 Manash Ranjan Gupta, Priya Brata Dutta
International tourism has experienced a substantial growth during the second half of twentieth century. Tourism development can contribute substantially to the reduction of poverty problem by creating new employment opportunities. The purpose of this paper is to analyse the effect of tourism development on unemployment problem using an efficiency wage framework.,The authors developed a two-sector two-factor
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Policies for resolving insurgencies – lessons from third-party intervention in India Indian Growth and Development Review Pub Date : 2019-11-11 Dhruv Gupta
In this paper, the author develops a game theoretical model to understand why Union Government of India, as a third party, has used different schemes at different times in history to assist the State Governments in fighting the Naxalite insurgency. Comparing across schemes, it was found that though Matching Security Grants scheme was preferred in general, during asymmetric information scenario it led
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Jobless growth through the lens of structural transformation Indian Growth and Development Review Pub Date : 2019-11-11 Vinoj Abraham
This paper aims to analyse the observed “jobless growth” between 1993-1994 and 2011-2012 based on structural transformation to explain why the elasticity of employment generation to gross domestic product growth has declined during this period.,This paper uses the job generation and growth decomposition tool to quantify the effects of inter-sectoral mobility of workers, intra-sectoral productivity
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Structural change and technical efficiency: a study of Indian pulp and paper industry Indian Growth and Development Review Pub Date : 2019-11-01 Vinish Kathuria
The pulp and paper industry has been the focus of government policies ever since independence. This is the only industry where government plays a multi-dimensional role – not only as the regulator but also as the supplier of raw material and as the buyer. Despite the government's omnipotent role, there is evidence that industry is not very competitive, as it has very high energy and water intensity
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Leadership preferences and ethnic bargaining: theory and illustrations Indian Growth and Development Review Pub Date : 2019-10-18 Shale Horowitz,Min Ye
PurposeIn explaining ethno-territorial conflicts, leadership preferences have an odd status. In case studies, leadership preferences are often viewed as highly significant causes but are not usually defined and measured explicitly. In large-sample statistical studies, leadership preferences are only captured by weakly related proxy variables. This paper aims to fill this gap by developing suitable
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Terrorism risk and optimal policy response: theory and empirics Indian Growth and Development Review Pub Date : 2019-10-18 Hamid Mohtadi,Bryan Weber
PurposeThe proliferation of terrorism worldwide raises the risk that terrorist strategies could evolve from conventional methods (e.g. suicide attacks) to biological, chemical and even radioactive and nuclear attacks (commonly abbreviated as CBRN) which are potentially much more dangerous. The authors make three contributions toward a better understanding of this risk and how it responds to counterterrorism
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Understanding subnational conflicts in Myanmar Indian Growth and Development Review Pub Date : 2019-10-14 Partha Gangopadhyay,Siddharth Jain
PurposeThis paper aims to examine the interrelationships between subnational conflicts in Myanmar and other variables of interests from the following four major domains: economic, human security and vulnerability of people, aggressiveness or militancy of the armed forces and global and regional climates.Design/methodology/approachAutoregressive distributed lag (ARDL) bounds testing approach has been
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Industry level analysis of productivity growth under market imperfections Indian Growth and Development Review Pub Date : 2019-10-09 Ramaa Arun Kumar, Mahua Paul
This study aims to estimate total factor productivity (TFP) growth for the post-2008 period for selected industries in the manufacturing sector at NIC 3-digit. Total factor productivity growth (TFPG) estimates are based on the theoretical framework provided by studies such Hall (1988), Abraham et al. (2009) and Crepon et al. (2005) that incorporate market imperfection in labour and product market,