Economic Studies - Research Publications
Permanent URI for this collectionhttps://kr.cup.edu.in/handle/32116/141
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Item Nexus Between Energy Consumption and Economic Growth: Empirical Evidence From India(Asian Journals of Advance Studies, 2017) Habib, Musavir Ul; Mishra, P. K.Energy consumption has assumed an indispensible importance in the modern era as it plays a significant role in national production and human development. In particular, the importance of electricity consumption in socio-economic development of a nation cannot be overemphasized. The shortages in the electricity supplies retard the economic growth as most of the economic activities can’t be undertaken altogether due to power outages. In this context, this paper examines the nexus between electricity consumption and economic growth of India for the period 1971 to 2014 by incorporating the energy as measured by electricity consumption in the Mankew-Romer-Weil empirical model of economic growth. The use of Toda-Yamamoto Granger non-causality test lends to support the conservation hypothesis that economic growth is the driver of energy consumption. Thus, the implication is that the energy conservation policy can be adopted without having adverse effects on economic growth of India.Item Education and Skills as Catalyst for Sustainable Growth in India(Pedagogy of Learning, 2017) Mishra, P. K.; Mishra, S.K.Skill development plays an important role towards achieving faster, sustainable and inclusive growth and making the country’s youth employable. Countries with higher and better levels of skills adjust more effectively to the challenges and opportunities of growth in globalized world. In a developing country like India, the recent consensus among the economists, academicians, planners and policy makers is that education and skills can be mobilized for attaining sustainable development. The primary goal is to impart quality based and skill loaded education to all. This paper is an effort to provide empirical evidence for the relationship that exists between education/skills and economic growth in India. Using statistical tools, the study provides the evidence of the existence of strong association between education/skills and economic growth. However, for sustainability of this linkage well neat plans and policies are needed. The GoI has also been giving utmost importance to it in all its recent days’ schemes and programmes meant for upward mobility of the society at large.