The paper examines two major components of financial liberalisation, stock market development and portfolio capital flows, in the context of LDCs. The paper considers microeconomic and macroeconomic perspectives on their implications for long-term development and economic growth. It concentrates...

An outstanding feature of the Indian economic reform in the recent period has been the fast expansion of stock markets and their growing role in the economy. The paper first reviews the stock market reforms and analyses the effects of stock market expansion on corporate growth and the real...

The paper assesses the demand for rural electricity services and contrasts it with the technology options available for rural electrification. Decentralised Distributed Generation can be economically viable as reflected by case studies reported in literature and analysed in our field study....

Although the concept of national competitiveness is widely used by policy-makers at both the national and international levels, it has been the subject of severe criticism by Professor Krugman. He regards it as a meaningless concept and in the hands of naïve policy-makers 'a dangerous...

Over 85% of the Indian territory lies within its major and medium interstate rivers. Known worldwide as a ‘federation sui generis’, India has the unique distinction of having a federal form of government with a strong unitary bias. This study analyses the sufficiency of the Indian...

Forecasting of prices of commodities specially those of agricultural commodities is very difficult because they are not only governed by demand and supply but by so many other factors which are beyond control like weather vagaries, storage capacity, transportation etc. In this paper times series...