Within a general equilibrium framework of a developing economy with a foreign owned factor of production, this paper questions whether the informal-formal sector relationship is pro-cyclical/complementary - expansion or contraction in one necessarily implies an expansion or contraction in the...

Within a general equilibrium framework of a developing economy with a foreign owned factor of production, this paper questions whether the informal-formal sector relationship is pro-cyclical/ complementary – expansion or contraction in one necessarily implies an expansion or contraction in the...

This paper compares the deterministic and stochastic predictors of nonlinear models when the disturbances are small. Large-sample properties of these predictors have been analyzed extensively in the econometric literature. While the deterministic predictors are asymptotically biased, there are...

Distributional issues have increasingly asserted themselves as a major concern of economic analysis. Since production structure is believed to be a very important element to affect income distribution, technology and its impact on employment creation have also gradually gained importance as a...

Large "O" and small "o" approximations of the expected value of a class of smooth functions (f [set membership, variant] Cr(R)) of the normalized partial sums of dependent random variable by the expectation of the corresponding functions of normal random variables have been established. The same...

Local asymptotic minimax risk bounds in a locally asymptotically mixture of normal family of distributions have been investigated under asymmetric loss functions and the asymptotic distribution of the optimal estimator that attains the bound has been obtained.

In this paper, we have obtained confidence sequences using Chow's generalization of Hájek-Rényi inequality and the law of iterated logarithm for the autoregressive parameter in a stable first order autoregressive model where innovations are assumed to be independently and identically...

A uniform estimate of the rate of convergence in the central limit theorem (CLT) in certain Banach spaces for dependent random variables is established when the Gaussian measure of the [epsilon]-neighbourhood of the boundary of a set is proportional to [epsilon] and the third order moment is...

The recent enactment of the National Rural Employment Guarantee Act in India has been widely hailed as a policy that provides a safety net for the rural poor with the potential to boost rural income, stabilize agricultural production and reduce rural-urban migration. This paper models the impact...