Artha Vijnana: Journal of The Gokhale Institute of Politics and Economics

Runa Ray ¹, Biswajit Chatterjee ²

Affiliations
1 Department of Economics, Vidyasagar College, Kolkatta 700006, West Bengal, IN
2 Planning and Development Unit, Jadavpur University, Kolkatta 700032, West Bengal, IN

Abstract

This paper considers a competitive general equilibrium model of a small open less developed economy suffering from unemployment problem in the adult labour market on the one hand, and from the existence of a child labour market on the other hand. It shows that trade restrictive policy may not be effective in curtailing child labour incidence. Moreover, it will aggravate the urban adult unemployment problem.

Full Text

     

Biswajit Chatterjee ¹, Runa Ray ²

Affiliations
1 Planning and, Development Unit, Jadavpur University, Calcutta -700032, IN
2 Department of Economics, Vidyasagar College, Calcutta -700006, IN

Abstract

This article considers a competitive three sector general equilibrium model of a small open less developed economy which exports product produced by child labour_ Child labour using export and service sector attempt to incorporate the informal sector into the model. Import competing sector is, the formal sector where capital acts as specific factor of production. Labour market distortion is capiured by wage differential between formal and informal sectors. Goods produced by export and import competing sector may be traded but the service sector produces non-traded final good. In this set up, the paper shows that the impact of economic expansion on trade balance, as well as, on national welfare will be different as the source of economic expansion is altered. If growth is captured by an, increase in don:estic capital stock then growth may well be immiserising in natyre and trade balance will deteriorate. On the contrary, when increase in adult labour endowment brings economic expansion, in our model then there will be improvement in welfare level of the economy and trade balance will be unchanged.

Full Text

     

Ram Pratap Sinha ¹, Biswajit Chatterjee ²

Affiliations
1 Department of Economics, Acharya Brojendra Nath Seal (Government) College, Coochbehar - 736 101, West Bengal, IN
2 Jadavpur University, Kolkata – 700 032, West Bengal, IN

Abstract

The present paper tries to make an asset quality based ranking of select (28) Indian commercial banks for four years period 2001-2002 to 2004-2005 using the super efficiency approach - a non-parametric tool. The super efficiency approach due to Andersen and Petersen (1993), allows rank order technically efficient firms. In this approach, a firm which is under evaluation is not included in the reference set of the relative envelopment model. A firm is called super efficient if its observed output exceeds what is necessary for the firm to be considered efficient relative to other firms in the sample. Out of the 28 observed commercial banks, the number found to be super efficient was only in the range between 5 to 8 during observed years. The rest were found to be inefficient. Further, the results obtained from the exercise indicate gradual improvement in mean technical efficiency scores (excepting 2003-2004) over the observed years. The observed private sector banks exhibit higher mean technical efficiency relative to the observed public sector banks for all the observed years.

Full Text