This paper is a first attempt to apply a robust political economy framework to explain when Special Economic Zones (SEZs) can contribute to economic development. A robust political economy is one that channels the actions of self-interested individuals with limited information to promote...

This paper discusses the inherent tension in the notion of entrepreneurship as developed by Ludwig von Mises and Israel Kirzner. Given that entrepreneurship is an omnipresent aspect of human action, it cannot also be the quot;causequot; of economic development. Rather, for economic development...

The study investigates the relationship between the foreign direct investment (FDI) and Gross Domestic Product (GDP) over the period 1975-2013. Granger causality test & Johansen's co-integration test have been applied to explore the direction of causality & long run relationship between the...

In this work, it is shown that, the exceptionally large and expanding volume of the Indian informal sector and its growing (intra-sectoral) dualities/fissures are actually a consequence of the very growth process of the Indian economy, driven by the formal/modern sectors. Therefore, the answer...

Whole world has recognized India as super power of 21st century. India is youngest county in the world growing a rate of more than 8 percent. Large population of India provides market to the countries of the world. At the same time it provides opportunities to India in terms of extracting the...

COVID-19 outbreak disrupted social and economic activity. Impacts on aviation, tourism, retail, financial markets, MSMEs and oil are assessed in this research. Travel and tourism, which contributes 9.2% of the GDP, will impact the GDP growth rate. Airlines will lose USD 1.56 billion. FPIs...

India has witnessed a tremendous economic growth, as measured by GDP, over the past 10 years. Many experts have pointed out that FDI (Foreign Direct Investment) has been one of the major factors taking India to this growth level. Foreign investment in India has increased continuously since...

Demonetization is a process of extraction of a particular form of currency from circulation. The current form of money is pulled out from circulation and retired, to be replaced with new notes or coins. The latest demonetization measures taken by the Indian Government on November 8th 2016, in an...

India has the world's second largest urban population (after China). This paper shows the large disparities within this urban population in health related indicators. It shows the disparities for child and maternal health, provision for health care and housing conditions between the poorest...

Everyone talks about GDP. Economists of all sorts care about GDP. From a layman to the lover of economics, from a Globetrotter to a Geopolitical Strategist, GDP is a "go-to metric” to compare and examine the size and strength of nation-states. Despite its popularity, GDP is a misnomer and it...