The paper begins by considering the growth experience of Gujarat in 17 sectors compared to the nation during the pre-reform period of 1980-92 and reform period of 1991-2004 identifying areas of strength and weaknesses. It then identifies episodes of high economic growth over 4 and 10 consecutive...

Based on the electoral history of past 13 General Elections in the country, the paper argues that while the electorate has been pushing the political parties towards coalitions and grand alliances, the same are unlikely to be stable or effective. It proposes that long with the constitutional...

In this paper we provide a model for the analysis of the electoral process. We prove some theorems in this paper, which characterize some voting operators. Apart form other well-known voting operators existing in the literature, we also provide an axiomatic characterization of the first past the...

The paper discusses selected cases of private-public partnerships, which have recently been initiated by several state governments in India. The analysis of these initiatives suggests inadequacies of proper institutional mechanisms to implement the private initiative policies effectively. The...

This paper suggests that the groups which undertake multiple activities like selling, purchasing, borrowing, etc. are likely to be more successful than the groups which merely borrow. Another criterion suggested is that the members of the group be homogenous in their production technology and...

Debt capacity is commonly thought to increase in a corporate merger. This note observes that the very concept of debt capacity appears to have evolved over time. In keeping with this, a fresh definition of debt capacity is proposed, placing the concept firmly in the context of optimal capital...

The paper presents the relevance, conceptual foundations, and operational measure of an important motive of professionals, and one that may be critical for socio-economic transformation. It is labelled the pioneering-innovating (PI) motive. The strength of the PI motive is assessed vis-a-vis...

This paper explores the effect of inflation on the real value of shareholders’ equity given the current depreciation policy with respect to the corporate income taxes. Would partly debt financing of the firm’s activities make any difference? The analysis brings out the relevant economic...

Large number of local communities across the world have shared unhesitatingly their knowledge about local biodiversity and its different uses with outsiders including researchers, corporations, gene collectors and of course, activists. Many continue to share despite knowing that by withholding...

A remarkable feature of economic growth in South Asia during the last decade or so, is the emergence of agriculture as a buoyant sector. This is accompanied with popularization of machine power or the farms. An interesting feature of farm mechanization situation in South Asia is the existence of...