This paper tries to explain how political/bureaucratic corruption in India affects households’ preferences of consumption-leisure, consumption-saving and consumption-demand of real balances decisions in a typical economy, dominated by the informal sector, and modeled in an open-economy New...

The study largely attempts to examine the spillover from Foreign Direct Investment (FDI) in Indian manufacturing by using the firm-level data for the period 2000-2009. With the use of Cobb-Douglas-type production function, it is observed that for the entire manufacturing sector, the impact of...

This study examines the effect of oil discovery on sectoral performance in Nigeria, using the time series data from 1975 to 2010. The empirical analysis rests on the Dutch Disease (DD) hypothesis and also combines several procedures in modern econometric estimation techniques. The findings show...

Domestic tea markets need an efficient and transparent trading platform for the benefit of its producers. In this context, the present paper performs cointegration analysis between domestic and international auction prices, and also among domestic auction prices, using monthly data and...

The anomalous behavior of Initial Public Offerings (IPOs) has been extensively researched and debated. Numerous studies have documented stock price and operating underperformance of IPOs and suggested several reasons like earnings management, timing of issues, agency theory, etc., as causing...

: This paper examines the operation of credit channel of monetary policy transmission in India during the post-Liquidity Adjustment Facility (LAF) period of 2001:3 to 2011:3. Drawing on the literature, two reduced form equations—one representing nominal bank credit, and the other, real bank...

: This paper deploys the Johansen cointegration approach to investigate the presence of a long-run broad money demand relationship in Australia, using annual data for the period 1970-2008. The empirical results suggest the presence of a long-run relationship between real broad money balances,...

: The Indian economy registered significant growth after liberalization in the 1990s. The service sector and the manufacturing sector have been significant contributors to the growth of the economy. In this paper, an effort is made to understand whether the growth in the service sector had any...

: The purpose of this study is to examine the relationship between financial development, trade openness and economic growth in Bulgaria using cointegration analysis and Granger causality technique. The bounds testing approach to cointegration is used to establish the existence of long-run...