The study attempts to explain the effects of inflows of private foreign capital on some major macroeconomic variables in India using quarterly data for the period 1993-99.The analyses of trends in private foreign capital inflows and some other variables indicate instability. Whereas net inflows...

This article examines whether financial development has ‘caused’ economic growth in India since 1996. The dynamic interactions between the growth of real Gross Domestic Product and indicators of financial development are investigated using the concept of Granger Causality after...

This article examines the impact of the developments in the financial sector on economic growth in India in the post-reform period. The model of Mankiw et al. (1992) was extended to establish a relationship between financial development and economic growth. The model was then estimated using...

Female work participation in West Bengal is one of the lowest in India, and varies inversely with female literacy and percentage of Muslim population in a block. However, there are areas with high percentage of Muslims where female work participation is high due to predominance of home-based...

This article applies the semi-parametric method to analyse the effects of economic reforms and some other factors on changes in the distribution of profitability of corporate firms in India. Comparing the two post-reform years (1994 and 2010) with the pre-reform year (1990), we observe a...

The East Asian crisis of 1997-98 and the Mexican crisis of 1994 generated much concern among policy analysts regarding the role of macroeconomic policies in the management of capital inflows. A series of economic reform measures including liberalization of foreign capital inflows were initiated...

This paper applies two alternative methods of estimation, viz., fully modified OLS (FMOLS) and generalized method of moments (GMM), to analyse the determinants of the capital structure of Indian firms using a panel of 1169 non-financial firms listed in either the Bombay Stock Exchange or the...

The effects of the inflows of private foreign capital on some major macroeconomic variables in India are analyzed using quarterly data for the period 1993-99. Cointegration test and The Granger Causality Test are done to understand the relationship between variables [WP No. 311].

The relative role of economic growth vis-a-vis public action in raising living standards in developing countries has been a point of contention for quite some time now. The arguments on both sides are usually based on some estimated relationship between indicators of living standard and other...