School Of Global Relations
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Item Globalization of Finance: India’s Experience of Capital Flows.(Research Centre For Social Sciences, India, 2011) Nanda, Paramjit; Kaur, SandeepGlobalization of finance measured in terms of capital account liberalization has been viewed by many economists as an important component of the overall opening up of global trade and financial markets especially in recent years. It is in this context, paper seeks to analyse issue of CAC in India. Study reveals that capital account surplus is mainly accounted for by non-debt creating foreign investment inflows. Foreign investment and banking balance accounted 80 percent of surplus in capital account. All the components of capital account (except banking capital) witnessed decrease in inflows to outflows ratio during post-CAC period. Banking capital experienced rapid increase in inflows/outflows ratio due to rapid increase in NRIs deposits. Regarding impact of capital account balance on Indian economy, on the positive side, capital account balance significantly reduced inflation and external debt to GDP ratio but on the negative side failed to reduce fiscal deficit and increase in industrial production. RBI should direct more calibrated distribution of bank credit in favour of al productive sectors to increase overall investment in the country. So that capital account surplus can be managed.Item Export and Import Potentials of Pakistan to other SAARC Countries in Panel Data Models, 1981 -2005(Euro-American Association of Economic Development Studies, 2010) Kaur, Sandeep; Nanda, ParamjitItem The Dynamic Effects of SAARC: a panel analysis(Serials Publications, 2010) Kaur, Sandeep; Nanda, ParamjitItem Education, Human Development and Economic Growth in Punjab: A Casual Analysis(Gokhale Institute of Politics and Economics, 2010) Kaur, Sandeep; Nanda, ParamjitThis paper has evaluated the relative performance of 12 major districts of Punjab in terms of Human Development and Economic Growth and examined the two-way link between them during 1981-2001. Expectation of life at birth positively but non-significantly affected inter-district variations in EG. For EG induced HD, per capita NDP negatively and significantly affected interdistrict variations in literacy rate and positively and non-significantly affected inter-district variations of life expectancy. Classification of districts based on their performance on HD and EG reveals that out of 12 districts, only four districts were in the category of lopsided HD and six districts were in the category of virtuous cycle as per the indicators of HD (HDI, literacy rate and expectation of life at birth) in 2001. The results suggest that the policy should be such that HD induced growth process is strengthened for lifting the districts to the virtuous cycle category.