This paper investigates the hypothesis that economic growth is critical in inducing well-being during economic reforms. The regional (16 Indian states and 28 Chinese provinces) level study of India and China show that the quality of growth has been essential for well-being. We estimate level of...

This paper explores potential channels through which information technology (IT) affects economic development. The channel emphasized here is the reduction of transaction costs through the use of information technology. We discuss the nature of transaction costs, their possible impacts on...

In this paper we report our findings as to the extent of poverty among the casual labourers of Shillong, the capital city of Meghalaya, India. Two views of poverty have been considered; first at the per capita (per month) income level and the second at the nutritional level. Nutritional level has...

The objective of this study is to bring out the case of poverty, undernourishment and health conditions of casual labourers in Shillong, the capital city of Meghalaya, India. A large section of the unskilled labourers work as casual workers. Casual labourers are those workers who work for a very...

The critical aspect in Indian infrastructure is the policy development, with specific steps being laid out for specific policies such as bidding and procurement process, policy planning methodology and the linkages between policy development and economic growth. The bidding and procurement...

Globalization is a deliberate decision to open up a national economy to the forces of product, factor and money markets, followed by a sequence of requisite policies and actions. The Indian economy shed off its 40- year long license and quota regime and went in for globalization in the early...

This paper is a pioneering attempt to include India with east and Southeast Asia to study the existence of the economic criteria for a common currency. The analysis in this paper shows that significant complementarities in trade exist among these countries, most of them experience similar shocks...

This paper examines the impact of capital flows on the domestic financial sector in India. Inflow of foreign capital, it is found, has a significant impact on domestic money supply and stock market growth, liquidity and volatility. The banking sector, however, remains relatively insulated due to...

The black market exchange rate premium is widely used in the empirical literature as an indicator of trade and exchange rate distortions. This paper presents a simple test of the null hypothesis that the black market exchange rate is a reliable indicator of the equilibirum exchange rate. The...

We evaluate the claim that world consumption poverty has fallen during the 1990s in light of alternative assumptions about the extent of initial poverty and the rate of subsequent poverty reduction in China, India, and the rest of the developing world. We assess the extent of poverty using two...