The major finding of this study is that the long run purchasing power parity (PPP) deviations of the major ASEAN exchange rates exhibit nonlinear adjustment which may be characterised by the Smooth Transition Autoregressive (STAR) model. This finding warrants us that policy decision based on...

Small section of the Indian labor force belongs to the organized sector, while majority is engaged in the unorganized sector. The laborers in the unorganized sector of the economy can be divided into three broad categories, (i)Unorganized Urban laborers (ii) Agricultural laborers and (iii)...

Foreign Direct Investment (FDI) has contributed in a big way in improving export competitiveness and volume of exports particularly technology intensive manufacturing exports in China and Singapore. India has also made earnest efforts in recent years to sell itself as an attractive destination...

Monetary policy is considered to be an important tool in the hands of an apex financial institution of any country in directing economic resources to achieve its goal. However there has been increasing literature focusing on its efficacy. This paper is an attempt in addressing the continuing...

Like most of the Indian states, specially those in the eastern region, foodgrains Foreign debt burden of Pakistan⬠"!s economy is a burning issue. Debt burden has reached to alarming proportion and has posed a great danger to the economic future of the country. A net outflow of resources is...

Globalization is a process and not a single event. It is a means to improved well-being. It increases the percapita income, improve quality of life, lower the illiteracy rate, augment life expectancy, and reduce infant mortality. Cheap transportation, policy oriented tariff cuts, progress in...

This paper examines the relationship between futures and spot electricity prices for two of the Australian electricity regions in the National Electricity Market (NEM): namely, New South Wales and Victoria. A generalized autoregressive conditional heteroskedasticity (GARCH) model is used to...

An attempt is made in this paper to study the phenomenon of suicides of farmers in the country in the background of domestic and trade liberalisation and in a macro economic perspective by studying the changes brought about in the cultivation of cotton crop. This paper argues that it is...

This study attempts to find out the factors, which determine the advertising intensity of firms in the Indian automobile industry. The theoretical model used is Schmalensee's ertention of the Dorfman-Steiner model of advertising. The theoretical model shows that the ratio of advertising...

Foreign Direct Investment (FDI) has contributed in a big way in improving export competitiveness This paper examines the interaction between international national stock markets using daily data and a VAR model. The results indicate that the speed of adjustment to equilibrium after a shock is...