Economic Studies - Research Publications

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

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End date: 2018Has files: Yes

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    An Economic Analysis of Production and Marketing of Vegetables Under Contract Farming in Punjab
    (Central University of Punjab, 2018) Pavneet; Singla, Naresh
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    Assessing Financial Integration of BRICS Equity Markets an Empirical Analysis, Emerging Economics Studies
    (Sage Publication, 2017) Parakash, Vineesh; Nauriyal, D.; Kaur, Sandeep
    This 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.
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    Technological Intensity of Indian Exports and the Performance of Emerging Asian Economies
    (Sage Publication, 2018) Fayaz; Kaur, Sandeep
    The increasing share of technological-intensive products in the world trade has recognized technology and technological capabilities as a major factor for competitiveness and growth. Notably, the emerging countries are progressively becoming the exporters of the products that are technologically more intensive. Thus, the current study presents an analysis of Indian exports and the performance of emerging Asian economies in terms of technological intensity over the period 1980–2016. The study shows that the exports of all the said emerging economies have a large technological base owing to their significant investments in R&D and open-door policies. While the figures of India also show a steady though slow technological upgradation from low-tech to medium-tech and high-tech exports but when compared to the standards of these emerging economies, they are low. Thus, in order to increase the technological intensity of its exports, there is a need to invest more in high-tech and medium-tech R&D activities and overcome the technological barriers. There is also a need to devise the policies that would make a favorable environment for attracting more outward-oriented foreign direct investment (FDI).
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    Seasonality in Tourism and Forecasting Foreign Tourist Arrivals in India
    (UTI, 2018) Mishra, Pabitra Kumar; Rout, H.B.; Pradhan, B.B.
    In the present age of globalization, technology-revolution and sustainable development, the presence of seasonality in tourist arrivals is considered as a key policy issue that affects the global tourism industry by creating instability in the demand and revenues. The seasonal component in a time-series distorts the prediction attempts for policy-making. In this context, it is quintessential to suggest an accurate method of producing the reliable forecast of foreign tourist arrivals. This paper evaluated the performance of Holt-Winters’ and Seasonal ARIMA models for forecasting foreign tourist arrivals in India. The data on India’s inbound tourism from Jan-2001 to June-2018 were used for preparing the forecast for the period July-2018 to June-2020. On the basis of Mean Absolute Error, Mean Absolute Percentage Error and Mean Square Error, the findings infer the relative efficiency of Holt-Winters’ model over Seasonal ARIMA model in forecasting the foreign tourist arrivals in India. Thus, to reduce the perceived negative impacts of seasonality in Indian inbound tourism and to ensure foreign tourist visits round the year, niche products best suitable for Indian climatic and socio-cultural-institutional conditions need to be introduced and promoted in a large scale both at the national and global levels.
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    Brexit and India: Analyzing the Implications
    (New Delhi Publishers, 2018) Kaur, Sandeep
    Since both EU and UK are of paramount importance to Indian economy, Brexit has a significant impact on Indian Economy. In view of this, the present book aims at disclosing the possible impact of Brexit on the Indian economy in particular. The book is divided into three parts: India-UK Bilateral Trade, India-UK Trade in Services and Political and Economic relations between India and UK. Further, the book disseminates knowledge and information on the various themes particularly India-UK bilateral trade (merchandise and services), FDI etc.
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    Can Contarct Farming Double Farmer's Income?
    (EPW, 2018) Kaur, P.; Singla, Naresh
    Following its mandate to double farmers’ income by 2022, the central government has enacted a separate model contract farming act in 2018 based on the perception that contract farming is one of the several pathways for doubling farm income. However, findings from primary surveys in Moga, Tarn Taran and Amritsar districts in Punjab, reveal that despite bringing in new crops, technologies and markets for farmers, contract farming excludes the smallholder farmers. Unless such arrangements can protect the interests of the smallholders who constitute almost four-fifth of India’s farming population, doubling farm income will remain elusive.
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    Growth and structural transformations in dairy sector of India
    (Indian Dairy Association, 2018) Kaur, M.; Singla, Naresh
    The ongoing agrarian crises and rise in demand fordairy products coupled with government’s emphasis on dairysector since operation flood has led to shift in dynamics of crop-livestock production systems in India. In this context, the presentstudy examines growth and underlying structural transformationsin dairy sector of India since 1991. The results of the study revealthat milk production has continuously risen from 53.9 milliontonnes during 1990-91 to 163.7 million tonnes during 2016-17along with increase in per capita availability of milk from 176 g/day to 352 g/day during the same period. The study also showsthat different states of India has responded differently to thestructural changes such as rapid growth in contribution of milkby states like Andhra Pradesh, Gujarat and Rajasthan in nationalmilk production, while traditionally green revolutionary statessuch as Punjab and Haryana along with Karnataka, Maharashtra,Tamil Nadu, Madhya Pradesh and West Bengal have registereda decline in milk contribution. At national level, the contributionof crossbred cows has continuously increased, whereas the shareof indigenous/local cows and buffaloes has gone down. Thestudy also reveals that around 57 per cent of growth of milkproduction is contributed by increase in livestock population,while another 31 per cent growth is due to rise in milk yield of themilch animals. Yield effect is found to be stronger in local cattleand goats, whereas population effect is stronger in case ofcrossbred cattle and buffaloes. The structural shift is alsowitnessed in milk marketing pattern with cooperative sectorexpanding its procurement and processing capacity.
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    Why is the Labour Force Participation of Women Declining in India?
    (Elsevier Ltd, 2017) Mehrotra, S.; Parida, J.K.
    This paper explores the recent fall in female labour force participation and its socio-economic determinants in India. The major contribution of this paper is: to explore both micro- and macro-level factors which determine female labour force participation rate (LFPR); to examine the ?U shape? female LFPR, by examining the likely income and substitution effects of the real wage increase, to identify the sub-sectors within manufacturing and service sectors that could create jobs for new female job aspirants and those older women displaced from agriculture in recent years; and thus to understand the conditions under which female LFPR could be raised. Using both macro-level and household survey (NSS) data, we find that the recent fillip in the process of structural transformation has pushed a large number of females out of agriculture. The growing mechanization in agriculture and rising capital intensity in manufacturing sectors together have limited the opportunity for females because of their low education and skill and due to other cultural constraints. We also found that the rise in real wages in rural areas and the consequent improvement in the standard of living has produced a strong negative income effect which outweighs the positive substitution effect and as a result female LFPR has declined substantially. However, with the massive increase in female enrollment in secondary and higher levels of education, it could be expected that the substitution effect of the increase in real wage would become stronger if appropriate measures are taken by the government, which are suggested. ? 2017 Elsevier Ltd
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    Whether fdi or exports enhance innovation: Evidence from indian manufacturing firms, 2001-2012
    (Universidade de Santiago de Compostela, 2017) Singh, K.; Bhatia, S.K.
    The economic reforms of 1991 resulted in an increased inflow of FDI into the Indian economy. However, for the invention of new techniques and skills, there is a great need to invest on RandD, requires a huge amount of capital, which can be available through FDI inflows. Technology has been imported in heavy amount after the implementation of liberalization policies. Therefore, the present study intends to know whether FDI contributes to the Indian manufacturing sector through RandD or not. The average growth of the manufacturing sector in India (7.93 per cent) has been found considerably higher during the second decade of reforms (2001-2012) as compared to first decade reforms (1991-2000). In the context of this, the present study has tried to examine the trends and patterns of FDI and RandD in manufacturing firms of India during the second decade of reforms (2001-12) and also, to analyze the impact of FDI and exports on RandD in manufacturing firms of India through fixed effect model. The results suggest that RandD has been significantly impacted by the import of capital goods, foreign equity, disembodied technology, and export intensity during the second decade of liberalization period. The present study suggests that greater approvals for foreign capital inflows are required in India, for enhancing the RandD in the manufacturing sector. There must be an appropriate coordination between public and private sector, which can improve the RandD expenditure of manufacturing firms of India. ? 2017, Universidade de Santiago de Compostela. All rights reserved.
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    Migration, transnationalism, and ambivalence: The Punjab-United Kingdom linkage
    (Springer Netherlands, 2012) Qureshi, K.; Varghese, V.J.; Osella, F.; Rajan, S.I.
    This chapter investigates developments in the Punjab-UK transnational space, a long-standing and extensive migration corridor. Within India?s diverse migration history, Punjab?s specificity is its particular historical connection with the UK, despite criss-crossing colonial and postcolonial migrations across the globe. We juxtapose field research in the UK and Punjab and show that transnationalism appears and works differently when viewed from either location-highlighting the differentially empowered nature of transnational space, as well as irresolvable ambivalences that are worked into transnational relationships. We reconsider the transnationalism paradigm through five interrelated arguments. We demonstrate the complexity of transnational space, which exceeds the binary sending-receiving country relationship that characterizes the literature. We find that transnationalism is not merely produced ?from below? by the activities of migrants and diaspora, but is orchestrated and formalized by various arms of the Indian and British states. Moreover, illicit flows of people are also produced by the governance of migration. Transnational connectivity does not diminish individuals? desire for a single, solid citizenship and nationality beyond the pragmatism attached with citizenship. Finally, we argue for historicizing of transnational networks and appreciation of the social relations of gender, generation, class, and caste by which they are cleaved. ? Springer Science+Business Media B.V. 2012.