This paper is amongst the first to investigate weak-form efficiency of the most developed (G-20) countries in the world. It also measures the impact of the 2007 financial crisis on the stock markets of these countries, in terms of their efficiency. Serial correlation test, ADF unit root test, Lo...

This study examines the empirical relationship among inequality, poverty and economic growth in India. Using data on consumption from the 13th to the 53rd Rounds of the National Sample Survey, the author computes, for both rural and urban sectors, the Gini coefficient and three popular measures...

This paper re-examines the alternative theoretical predictions in the Fischer equation literature. Theoretical predictions about the response of nominal interest rates to inflation expectations ranges from a partial to complete and more-than-complete adjustment of the nominal interest rate to...

This paper proposes a new method to break up the bid-ask spread in wholesale rice markets into its three components and applies the methodology to twelve major rice centers in India. The proposed methodology is claimed to be superior to the extant methods such as those of Stoll (1989) and...

A general model is proposed of asymmetric price transmission to examine the volatility of retail spreads in vertical markets, with endogenous overshooting of the wholesale spreads. The model is tested with Indian data and significant asymmetries are discovered.

Although there is a very large literature on the links between farm size and farm productivity in Indian agriculture there is virtually none that discusses the influence of farm size on technical efficiency. In this paper we try to fill this gap. We use panel data on a large number of farms for...

This paper attempts to ascertain the requirements (in terms of ownership of factors of production) for successful adaptation to the Green Revolution in Indian agriculture. We estimate stochastic production frontiers for wheat in two Indian states: Haryana (which has been significantly affected...

Public services are often provided by lower level agencies that are funded by higher level government. Since markets for such services do not exist, normal pressures to minimize costs do not operate; indeed, usually these costs are unobservable. We study a principal-agent model which emphasizes...