Economic Studies - Research Publications
Permanent URI for this collectionhttps://kr.cup.edu.in/handle/32116/141
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Item Barriers to Indo-Pak Trade: A Case Study of Land Routes(SAGE Publications Ltd, 2023-07-02T00:00:00) Zahid-ul-Islam-Dar; Kaur, Sandeep; Chattu, Vijay KumarConcerning land routes, the study aims to document some crucial barriers, which are relatively easy to address but potent enough to expand trade between India and Pakistan. Using field research, this article examines the factors that impede trade between India and Pakistan through land-border crossings�Attari�Wagah border in Punjab and, Chakkan da Bagh, Poonch, and Salamabad Uri, Baramulla, the two land-border crossings in Jammu and Kashmir. Semi-structured questionnaires are administered to traders and unstructured interviews are held with other stakeholders. The findings such as security issues, inadequate banking facilities, inadequate physical infrastructure, communication lacunae, excessive paperwork, and lack of arrangements for traders� meets are documented as some of the prominent impeding factors in overland trade between the two nations. The prominent barriers perceived by the traders concerning Attari and Cross-the Line of Control (LoC) trade are excessive documentation, complex procedures, and nonavailability of banking facilities. � 2023 Association of Asia Scholars.Item Changing structure of India�s exports with Africa: Where do the technology-intensive exports stand?(Routledge, 2023-07-25T00:00:00) Fayaz, Mohd; Kaur, SandeepThe present study is an endeavour to document the pattern of comparative advantage and structural changes of Indian exports with Africa with the help of revealed comparative advantage index and the constant market share model for the period 1980�2021. The results indicate that India possesses a comparative advantage in a large number of export products to markets in Africa. However, most of these exports belong to the category of low-tech and resource-based goods. Considering its abundant labour, it is to be expected for India to have a comparative advantage in these low-skilled and labour-intensive traditional exports. The commodities with maximum advantage in the African market are medicinal and pharmaceutical products followed by sugar, sugar preparations, and honey. In the category of technology-intensive products, India has strengthened its market power only in the export of organic chemicals and dyes, and colouring materials. � 2023 African Journal of Science, Technology, Innovation and Development.Item Location Determinants of Indian OFDI: Insights from Panel Data Analysis(The Society of Economics and Development, 2023-01-22T00:00:00) Singh, Satinder; Kaur, SandeepThe present study attempted to analyze the determinants affecting Indian Outward Foreign Direct Investment (OFDI) during the second generation of globalization. The results showed that economic factors like trade openness and natural resource trade of the host country were highly significant variables for Indian OFDI. The case of non-economic factors such as political stability and non-violence remained significant variables for Indian investment, but the regulatory quality was not noteworthy. The study suggested that to expand the growth of OFDI, and the government could search for other suitable markets that were less capital-intensive or used underdeveloped technology. So, India has an alternative to improve its trade relations with African and Asian markets. � 2023 The Society of Economics and Development, except certain content provided by third parties.Item The Burden of Non-Communicable Diseases (NCDs) among Prisoners in India: A Systematic Review and Meta-Analysis(MDPI, 2022-10-18T00:00:00) Manna, Subhanwita; Tripathy, Snehasish; Sah, Rahul Kumar; Padhi, Bijaya Kumar; Kaur, Sandeep; Nowrouzi-Kia, Behdin; Chattu, Vijay KumarBackground: The increasing prevalence and subsequent mortality due to non-communicable diseases (NCDs) among Indian prisoners are often ignored by policymakers. This systematic review and meta-analysis aim to analyze the rising burden of Noncommunicable Diseases in Indian prisons and estimate the pooled prevalence of depression among Indian prisoners. Methods: A total 9 studies were chosen in accordance with PRISMA guidelines that investigated the burden of NCDs in Indian prisons and were published between January 2010 and August 2022. Statistical analysis was performed in STATA Version 16 software, and the funnel plot was used to identify publication bias. Results: A total of 167 articles were identified, and 9 were included in this analysis. The pooled prevalence of depression among prisoners was 48.78% (95% CI, 27.24�70.55%). According to the review, prisoners showed a significant prevalence of moderate to severe depression, dental caries, poor periodontal condition, and suicide ideation. This study is the first to analyze NCDs prevalence among Indian prisoners. Poor mental and dental health standards and the virtual absence of healthcare facilities necessitate governmental actions to boost inmates� health. It is essential to develop preventative interventions for this extremely isolated and vulnerable group in addition to diagnosing and treating noncommunicable diseases. Conclusions: Our study findings will enable decision-makers to structure and develop appropriate preventative and curative programs for inmates� general wellbeing. � 2022 by the authors.Item Technical Efficiency Analysis of Indian IT Industry: A Panel Data Stochastic Frontier Approach(SAGE Publications Ltd, 2022-05-23T00:00:00) Bhat, Nadeem Ahmad; Kaur, SandeepGlobalization and the development of modern technologies have led to the emergence of service trade. The success of Indian information technology (IT) has changed perception of globe about India and has captured the attention of the globe as it seems a paradox that a developing economy is emerging as a global hub for software exports. In the past three decades, the contribution of the Indian IT industry to national income, employment generation and offsetting the current account deficit is remarkable. In this consideration, the present study is an attempt to analyse the technical efficiency of the IT industry of India during the period 2000�2016 by applying panel data stochastic frontier analysis approach. The study reveals that foreign capital, age and profit ratio have a significant impact on mitigating the technical inefficiency of the IT industry while the research and development (R&D) expenditure has turned out statistically insignificant in determining efficiency. Indian IT industry is mostly driven by service exports which are not survivable in the long run. The study suggests that the Indian IT industry has to transform itself from low value-added to high value-added, from service-driven to product-driven. � 2022 Association of Asia Scholars.Item The Determinants of Economic Growth: Experience of China, Japan, South Korea and India(SCMS Group of Educational Institutions, 2022-07-30T00:00:00) Bhat, Gulshan Farooq; Kaur, SandeepThe present paper is a sincere effort to analyse the role of the various determinants of economic growth in China, Japan, South Korea, and India for the period of 1980-2016. Panel Cointegration, Panel Vector Error Correction Model, and Granger Causality have been incorporated to determine the causal relationship among the selected determinants of economic growth. There is evidence of significant long-run causality of selected variables, i.e. services value-added, gross fixed capital formation, exports, and school enrollment ratio, but industrial value-added has not shown a significant impact on GDP per capita and also has not shown the long-run causality with selected variables. Also, the school enrolment ratio, GDP per capita, and service value-added have an important role in causeand- effect relationships among selected variables. The study suggests that there is a need to raise productivity and rapid industrialisation in these economies. In addition, improvement in technology, reduction in corruption, general welfare and happiness of people, and Research and Development (R&D) are required to recognise the maximum benefits of growth and development. � 2022 SCMS Group of Educational Institutions. All rights reserved.Item India�s Merchandise Exports to Asia: A Constant Market Share Analysis(Sage Publications India Pvt. Ltd, 2022-02-08T00:00:00) Fayaz, Mohd; Kaur, SandeepThe present study attempts to examine the structural changes in Indian merchandise exports to Asia during the period 1980�2016 by using Constant Market Share (CMS) analysis. The index values of the CMS analysis suggest that India has mostly maintained and strengthened its export market share primarily in resource-based and low tech/labour-intensive products. Major technology-intensive exports include organic chemicals and dyes and colouring materials to all its export destinations in Asia. The market effect result shows a positive impact on India�s export performance which suggests that India has diversified its exports to South Asia, Southeast Asia and West and Central Asia. However, market adaptation effect result shows negative impact in East Asian market which means that India is lacking in adapting the import structure of this market. JEL Codes: F1, F14, F43, L6, O53 � 2022 Indian Institute of Foreign Trade.Item PERFORMANCE OF PRADHAN MANTRI FASAL BIMA YOJANA IN HARYANA: A CASE STUDY OF SIRSA AND HISAR DISTRICT(DAV College, 2022-03-01T00:00:00) Kaur, Sandeep; Raj, Hem; Singh, HarpreetThe present paper is an attempt to study the performance and awareness of Pradhan Mantri FasalBima Yojana in four villages of Sirsa and Hisar of Haryana. The study was based on a field survey conducted through random sampling. The survey finds that the coverage of Pradhan Mantri FasalBima Yojana is still low. The causes of its non-adoption include low indemnity level, less coverage of crops, delay in the claim process, lack of cooperation from banks, involvement of various holders at multistage level and many more. It is also found that awareness about Pradhan Mantri FasalBima Yojana is also low as farmers are not aware of implementing cluster insurance companies, low coverage of various risks and crops, delay in claim payments, complex documentation, etc. The awareness of the yojana can be increased by the awareness campaign at the village level. The banks and digital media can also play an important role in increasing its awareness. � 2022 DAV College. All rights reserved.Item Crop insurance policies in india: An empirical analysis of pradhan mantri fasal bima yojana(MDPI, 2021-10-27T00:00:00) Kaur, Sandeep; Raj, Hem; Singh, Harpreet; Chattu, Vijay KumarIndia is home to over one-third of all undernourished children worldwide, and it ranks 94th out of 107 nations in the Global Hunger Index 2020. Instability in production and market risks make agriculture a risky business and directly affect farmers� income levels, thereby impacting food security. This review aimed to understand various features of different crop insurance policies in India and to analyze the Pradhan Mantri Fasal Bima Yojana�s (PMFBY) impacts on Indian farmers. A literature search was performed in all popular databases, including Scopus, Web of Science, ProQuest, AGRICOLA, AGRIS, and Google search engines, as well as annual Indian government reports. The keywords �Crop Insurance� OR �Pradhan Mantri Fasal Bima Yojana� OR �National Agriculture Schemes� AND �India� were searched to obtain relevant articles. By using cumulative data, we conducted a multiple regression analysis and a model was developed to estimate the effects of insurance characteristics on farmer coverage for the years 2017�2018 and 2018�2019. Agricultural insurance coverage under PMFBY remained low in terms of the number of farmers insured, the area insured, claims paid, and total farmers benefited. Compared to other schemes, the beneficiary and claim premium ratios were substantially lower under the PMFBY. The multiple regression analysis showed that farmers� premiums have a significant effect on the number of farmers insured over time, although the subsidies do not have a significant influence in farmers� insurance participation. Delays in claim settlement, the complexity of the system, and a lack of awareness among farmers are the major weaknesses of the PMFBY. Greater use of digital media could help spread awareness of these schemes among farmers. � 2021 by the authors. Licensee MDPI, Basel, Switzerland.Item Assessing Financial Integration of BRICS Equity Markets an Empirical Analysis, Emerging Economics Studies(Sage Publication, 2017) Parakash, Vineesh; Nauriyal, D.; Kaur, SandeepThis article examines the degree of financial integration among the equity markets of Brazil, Russia, India, China, and South Africa (BRICS) by using monthly data collected for the period 2005–2014. The study employs Johansen cointegration test, vector error correction model (VECM), and Granger causality test which confirm the existence of relationship in the short and long run among the equity markets of BRICS. Further results exhibit that there exists cointegration or a long-run relationship among the equity markets, but weak cointegration, though the results of Granger causality test do not display existence of any causality among market pairs such as China–Brazil, Russia–Brazil, South Africa–Brazil, Russia–China, and South Africa–India. The results indicate that even though the financial integration among the equity markets of BRICS is on ascendance, it is yet incomplete. This work suggests harmonization of laws, regulations, and operations based on international principles and appropriate regulatory supervision among BRICS nations in order to minimize the risk of financial integration, besides further relaxing restrictions on capital account for expedited financial integration.