Economic Studies - Research Publications

Permanent URI for this collectionhttps://kr.cup.edu.in/handle/32116/141

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Author: search.filters.author.Mishra, P.K.End date: 2020

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Now showing 1 - 7 of 7
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    Nexus between anthropogenic activities and GHGs emission in India: An empirical analysis
    (Primrose Hall Publishing Group, 2020) Mishra, S.K; Sarangi, M.K; Mishra, P.K.
    The worst consequences of environmental degradation are realised all across the globe and environmental sustainability is, thus, the call of the day. Consumption and production activities to fulfil human wants pollute all the means of sustainability through exhaustion and overexploitation of scarce natural resources. This empirical study tries to establish the nexus between anthropogenic activities and GHGs emissions, using ARDL based bound test for India over a period of 44 years spanning 1971 to 2014. The study reveals that fertility rate, population density, Economic Growth, and consumption of primary energy have a positive and statistically significant impact on the emission of GHGs both in the short and longrun. � 2020 Primrose Hall Publishing Group.
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    Tourism in Odisha: an engine of long run growth
    (Conscientia Beam, 2016) Mishra, P.K.; Rout, H.B.; Sangmitra
    In this globalized era, travel and tourism has become an indispensable economic activity world over. It has the potential to strengthen the socio-economic foundation of a nation. It has the capability to disseminate the peace message across the globe. It is well-known for job creation, foreign exchange earnings, revenue and income generations, and developing socio-economic infrastructures. Thus, it is critical for unemployment reduction, poverty alleviation, inequality reduction, and bringing up balanced regional development. It is instrumental for achieving inclusive and sustainable growth of a nation like India and her States. It is with this backdrop, this paper is an attempt to assess the role of tourism in Odisha, an eastern State of India, as an engine of long-run economic growth. In recent years, tourism has grown considerably due to the availability of good infrastructure facilities, favorable government policies, improvement of existing tourist locations, development of new tourist destinations and strong growth of hotel and restaurant industry in the State. This is reflected in the growing number of both domestic and foreign tourists to the State. In a multivariate framework, the use of multiple regression model over the period spanning from 1990-91 to 2011-12 provides the evidence of the positive contribution of the tourism sector to the economic growth of Odisha thereby justifying the role of tourism as an engine of long term growth of the State. Hence, the government of Odisha should formulate plans and policies such that tourism activities are promoted to lead a stable and sustainable growth of the State.
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    Empirical evidence on nexus between financial markets in India: An ARDL bounds test approach
    (Serials Publications, 2017) Mishra, P.K.; Verma, J.K.; Mishra, S.K.
    In the aftermath of global financial crisis, the study of the relationship between financial markets has become a moot point in the finance literature. In the literature, there is no much theoretical and empirical consensus on the interrelationship between the indicators of financial markets. Thus, it is imperative to conduct an empirical investigation of the causal relationship between financial markets in an emerging market economy like India. The application of ARDL bounds test provides the evidence of the existence of the long-run equilibrium relationship between the money and capital markets, and also between foreign exchange and money markets in India. However, no causal relationship runs from foreign exchange and capital markets to the money market in the long-run. This finding is very important in the context of inflation and interest rate structure in India. ? Serials Publications Pvt. Ltd.
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    Economic growth, structural change and intersectoral linkages in SAARC economies
    (Asociacion Euro-Americana de Estudios del Desarrollo, 2017) Mishra, P.K.; Mall, M.; Pradhan, B.B.
    In this globalized and liberalized era, studies concerning global economic interdependence have occupied a central place. Specifically, the issue of assessing the extent to which the economic growth of each member nation in a regional cooperation can influence the growth of other members, has recently attracted the attentions of academicians, researchers and policy makers as well. Despite the fact that SAARC (South Asia Association for Regional Cooperation) has been constituted in 1985 for promoting peace, stability and progress in the region, yet it has to produce notable outcomes. On the basis of the argument that structural changes in an economy can foster its economic growth and influence de facto economic integration across member nations, this paper investigates the sectoral interdependencies in SAARC economies. This study adds to extant literature by interpreting macroeconomic interdependence in terms of intersectoral linkages. The study found that the partner countries of SAARC demonstrate different trend patterns of economic growth fostered by different patterns of structural transformations. In a panel framework, the study provides the evidence of long-run equilibrium relationship between the agriculture, industry and services sectors among SAARC countries. The analysis found the evidence of causal relationship running from industrial and services sectors to the agricultural sector in the long-run. There is also the evidence of short-run bidirectional causality between agricultural and services sectors, and between industrial and services sectors. Additionally, short-run unidirectional causality is observed running from industrial sector to agricultural sector. The estimation of long-run elasticities concludes the existence of strong positive long-run intersectoral linkages between the three sectors in the SAARC region which would be helpful in utilizing each other's economic potential, business environment, and legal frameworks that may facilitate mutual trade and better sectoral integration.
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    Tourism and peace in economic development perspective of India
    (ASERS Publishing House, 2017) Mishra, P.K.; Verma, J.K.
    The importance of tourism as an instrument for revenue generation, employment creation and fostering economic growth is well established across the globe. Globally, tourism has been recognised as the largest service sector in terms of revenue generation and foreign exchange earnings. The sector also plays a crucial role in attaining the macroeconomic goal of growth with equity. Thus, tourism has been considered and observed to contribute to world peace. But this peace contribution depends on social and politic stability which in turn depends on the economic development of a nation. So, in this paper an effort has been made to assess the role of tourism in India as an engine of peace oriented sustainable economic development. It is found that tourism has the potential to positively influence the sustainable development of the country. Therefore, it is imperative to chalk out appropriate plans and policies for promoting tourism as a means of achieving sustainable development and unending peace. ? 2017. ASERS Publishing. All rights reserved.
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    Trend and progress of tourism in India: An empirical analysis
    (Serials Publications, 2016) Rout, H.B.; Mishra, P.K.; Pradhan, B.B.
    The importance of tourism in India can by no means be underestimated. It helps the tourists to get use to with the culture, customs and conventions, language and mode of living of the people at destination. The most important benefits of tourism include job creation, foreign currency earnings, infrastructure development, poverty eradication, inequality reduction and balanced regional development. In addition, tourism is critical for increasing world peace. Thus, we have studied the trend and progress of tourism in India over the period spanning from 1995 to 2015. All tourism indicators except total contribution of travel and tourism to employment have been showing an increasing trend in India over the sample period. All these have been possible due to the constructive efforts made by the Centre and State governments over years. The government of India understands the importance of tourism in building a vibrant sustainable economy in the long-run. Thus, from time to time increasing importance has been attached to this service sector. Several plans, policies, projects, and schemes have been launched for the development of tourism sector activities in India. India is therefore, hopeful to accrue the benefits of multiplier effects of tourism in coming days. IJER � Serials Publications.