External capital inflow on a massive scale into the emerging market economies is a very significant phenomenon of recent years. Making distinctions between direct investment, real and financial, and portfolio investment and incorporating crowding in or crowding out effects we derive some results...

The present paper analyzes the phenomenon of corruption in the context of a Public Works Department (PWD) in a developing country city and examines its tenacity in the face of anticorruption measures. Different behaviour patterns of the supervisor (official) of the PWD have been considered. The...

This book provides a lucid and concise introduction to the theoretical and practical aspects of macroeconomics. With India-centric examples, data, and case studies, it provides an overview of governmental policies and measures crucial to economic growth and development. Revised and updated, the...

This textbook introduces macroeconomics to students of economics and management who have limited exposure to the subject. It is a lucid and concise exposition of basic economic theory aided by numerical examples and simple diagrams. While touching on theoretical concepts the volume has also...

Integration with the global economy has opened India to cross-border flows of not merely goods and services, but also financial capital. India is now a preferred destination among the emerging market economies for foreign investors. Is this transition necessarily beneficial for the Indian...

We build a unique industry-level panel data set to estimate border effects with respect to U.S.-Canada trade for each year from 1992 to 2005. Estimates from data aggregated at the province/state level yield border effects in the early 1990s that increase slightly and then decline after the...

Since gasoline has a relatively inelastic demand, raising government revenue via gasoline taxes could appear appropriate as it entails a relatively small deadweight loss. However, gasoline retail is generally a highly concentrated market, hence the assumption of perfect competition when...