This study examines the determinants of firms’ liquidation and acquisition in the Indian electronics industry during the period 1990–2006. It is argued that liquidation and acquisition are alternative modes of exit. Therefore, these modes of exit might have different determinants....

This article explores trends in urban employment in India, with a focus on urban informal employment. The data presented are from three of the recent large-sample rounds of the National Sample Survey which are carried out every five years in India: the 55th Round covering 1999–2000; the 61st...

This article attempts to examine technical efficiency and productivity performance of Indian scheduled commercial banks, for the period 1979–2008. We model a multiple output/multiple input technology production frontier using semi-parametric estimation methods. The endogeneity of multiple...

This article considers two aspects in the Reserve Bank of India’s (RBI) first set of reports on financial stability. First, the reports fear sudden and large flows of foreign capital, and rightly so. However, the focus of policy makers has been on foreign exchange reserves and on capital...

Labour market analysis is an important element to understand the inequality and poverty within a given population. The literature reveals that the informal sector is characterised by a great deal of flexibility and is exempt from formal market rigidities on the one hand, but on the other hand,...

The savings–growth nexus is an age-old empirical problem, but the causal relationship between savings and economic growth remains controversial. Establishing a clear causal relationship has signifi cant policymaking implications for economic growth and development. Therefore, the purpose...

We examine the determinants of the likelihood and duration of grain bank survival using survey data from Orissa. The study is motivated by the fact that a large share of grain banks have ceased to function over time. It is also motivated by the fact that despite the high rate of failure, the...

This article discusses a multi-agent model of the informal sector. An analytical model is first developed to explore the possible range of relationships between formal and informal employment. Data from the agent-based model support protecting formal sector jobs with current account...

The relationship between trade liberalisation and informal activity has received little theoretical and empirical attention. The conventional view poses that trade liberalisation would cause a rise in the share of informal production and a rise in informal employment. This article uses three...

Selection into informal employment is frequently theorised as either an individual choice, for example, to avoid taxation or regulation, or as a structural feature of the formal labour market: for example, the rationing of opportunities prevents free entry into formal employment. However,...