Human Development Index (HDI) is a composite index obtained by a weighted aggregation of other three indices, each measuring one aspect, namely life expectancy, education and real per capita income. Intra-country equality in income distribution, however, is very important with regard to quality...

The Two-Stage Least Squares (2-SLS) is a well known econometric technique used to estimate the parameters of a multi-equation (or simultaneous equations) econometric model when errors across the equations are not correlated and the equation(s) concerned is (are) over-identified or exactly...

This paper gives an outline of evolution of the concept and econometrics of production function, which was one of the central apparatus of neo-classical economics. It shows how the famous Cobb-Douglas production function was indeed invented by von Thunen and Wicksell, how the CES production...

Meghalaya, a state in the North Eastern India, is inhabited by over 2.3 million of population of which 70 percent are Christian, 13 percent are Hindus and a little over 4 percent are Muslims as obtained in the Census 2001. In this study we investigate if numerical dominance of a community leads...

Correlation matrices have many applications, particularly in marketing and financial economics. The need to forecast demand for a group of products in order to realize savings by properly managing inventories requires the use of correlation matrices. In many cases, due to paucity of...

Ever-increasing population and ever-proliferating demand for variety and choice together with a marked preference in favor of deliberate under-utilization of resources as well as deprecation of thrift have exposed the available reserves of natural resources to the danger of depletion. The...

A lie is an expression at deviance with the truth known or honestly believed by someone with an intention to deceive others for certain purpose, social or personal. An ability to lie might be evolutionary in nature possibly to help in survival, since it is found in the non-human world also. In...

After the notification of the University Grants Commission (Minimum Qualifications for Appointment of Teachers and other Academic Staff in Universities and Colleges and Measures for the Maintenance of Standards in Higher Education) Regulations, 2009 on September 23rd 2009, publication of...

The Pearsonian coefficient of correlation as a measure of association between two variates is highly prone to the deleterious effects of outlier observations (in data). Statisticians have proposed a number of formulas to obtain robust measures of correlation that are considered to be less...

Structural change which is inherent in an evolving economy refers to a long-term widespread transformation of the fundamental relationships among different parts and organic constituents of it, rather than micro scale or short-term change in output and employment. Short-term economic challenges...