Attaining financial self sufficiency has never been an important agenda for the Panchayati Raj Institutions (PRIs) for the states in India. It has, in fact, performed more as an instrument of expenditure decentralization instead of functioning as a driver of financial decentralization. Quite...

If India were to participate in any international effort towards mitigating CO2 emissions, the power sector which is one of the largest emitters of CO2 in the country would be required to play a major role. In this context the study estimates the marginal abatement costs, which correspond to the...

Crime has plagued society since time immortal. The crime rate in India has been on rise, therefore, it becomes important to study the factors that impact the crime rate. The purpose of the paper is to investigate the relationship between various economic, demographic and deterrent factors and...

The year 1991-92 was one of the toughest years for the Indian economy. All the macroeconomic indicators became adverse. The overall economic growth slumped to a mere 1.1%. The gross fiscal deficit stood at 8 % of the GDP and the revenue deficit on the current account at 3.5 % in 1990-91. Prices...

Many production activities generate undesirable byproducts in conjunction with the desirable outputs they produce. The present study uses an output distance function approach and its duality with the revenue function to estimate the marginal abatement cost of CO2 emissions from a sample of...

If India were to participate in any international effort towards mitigating CO2 emissions, the power sector which is one of the largest emitters of CO2 in the country would be required to play a major role. In this context the study estimates the marginal abatement costs, which correspond to the...

This study looks into various sources of financing infrastructure and the demands for infrastructure investments and highlights the mismatch between demand and supply of funds for infrastructure financing in India. In order to address this mismatch, and given the constraints of traditional...

Given a firm's investment policy, its dividend policy is irrelevant (Miller and Modigliani (1961)). REITs, by law, pay at least 90 percent of their corporate income into dividends so their dividend policy is given. This is flipping of the dividend irrelevance theorem. Such a high dividend...

One simple question - why people buy houses - is perhaps one of the most recurring and intriguing themes on research surface in housing. In the US, nearly two-thirds of the population owns houses (Tracy and Schneider (2001)). Optimal decision-making entails efficient risk management or hedging...