Economic Studies - Research Publications
Permanent URI for this collectionhttps://kr.cup.edu.in/handle/32116/141
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Item 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.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.