Economic Studies - Research Publications

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Author: search.filters.author.Mishra, Pabitra KumarHas files: No

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    COVID-19 pandemic and stock market reaction: empirical insights from 15 Asian countries
    (Routledge, 2021-05-31T00:00:00) Mishra, Pabitra Kumar; Mishra, Santosh Kumar
    Since 2020, the world has been passing through a difficult time due to the outbreak of COVID-19 Pandemic. This novel public health emergency has created both demand- and supply-side shocks affecting both real and financial sectors of economies globally. One of the noteworthy immediate consequences of it was sudden nosedive of stock markets across countries in the globe. In this pre-text, this study examined the stock market behaviour in 15 selected Asian markets amid the pandemic. The results infer about the surge in market return volatilities amid the rapid spread of the coronavirus which was primarily triggered through the impaired investors� sentiments due to the announcement effects. During this period, the stock market performances in selected Asian countries have been observed to be influenced by the reporting of the number of COVID-19 confirmed cases and death cases, stock index returns, market volatility, oil prices, inflation rate, and interest rates. � 2021 Denfar Transnational Development INC.
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    Empirics of Tourism-Led Growth in India, 1995 to 2016
    (ASERS, 2018) Rout, H.B.; Mishra, Pabitra Kumar; Pradhan, B.B.
    In the globalized world, the travel and tourism have been considered crucial for achieving inclusive growth, especially in less developed economies. It has been increasingly recognised as a good contributor to national income and employment. So it can be used an instrument for achieving a higher rate of economic growth of a country in the long-run. In this line of argument, this paper examined the causal relationship between tourism and economic growth in the context of Indian States/UTs in a panel data framework. The empirical findings support the tourism-led growth hypothesis in the long-run and growth-led tourism hypothesis in the short-run. Thus, the policy choice is to make the tourism instrumental, through its promotional strategies, for the inclusive and sustainable development of India.