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Panda, Pradeep Kumar
- Predicting Returns on Mutual Fund: Some Indian Evidence
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Authors
Affiliations
1 School of Economics, University of Hyderabad, Andhra Pradesh, IN
1 School of Economics, University of Hyderabad, Andhra Pradesh, IN
Source
Artha Vijnana: Journal of The Gokhale Institute of Politics and Economics, Vol 54, No 4 (2012), Pagination: 434-448Abstract
Common indicators of business and monetary conditions, the lagged mutualfund-risk premium and the market-risk premium are used to predict mutualfund returns for a time horizon of one-day. In isolation, each of the four predictors significantly forecast mutual-fund returns from April 2008 to March 2011 for Indian market. The indicator of monetary conditions, i.e., the MIBOR premium is found to have the strongest forecast power. Multivariate analysis confirms that the four predictors are indeed strong forecasters of mutual fund returns. Moreover, the MIBOR premium, term premium and lagged mutual-fund-risk premium emerge as the best and most consistent predictors of mutual fund returns. The market-risk premium is found to be good, but less consistent as predictor of mutual-fund returns.
- Efficacy of Gender Budgeting in Reducing Gender Inequality:A Panel Study in Asia-Pacific Countries
Abstract Views :838 |
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Authors
Affiliations
1 School of Social Sciences, IGNOU, New Delhi 110068, IN
1 School of Social Sciences, IGNOU, New Delhi 110068, IN
Source
Artha Vijnana: Journal of The Gokhale Institute of Politics and Economics, Vol 61, No 3 (2019), Pagination: 279-290Abstract
Gender budgeting is a fiscal policy measure that seeks to use a country’s national and/or local budget(s) to reduce inequality and promote economic growth and equitable development. While literature has explored the connection between reducing gender inequality and achieving growth and equitable development, more empirical analysis is needed to determine whether gender budgeting really curbs gender inequality. This study follows the methodology of Stotsky and Zaman (2016) to investigate across Asia-Pacific countries the impact of gender budgeting on promoting gender equality, and also increasing fiscal spending on health and education. It classifies Asia- Pacific countries as ‘gender budgeting’ or ‘non-gender budgeting’ according to whether they have formalized gender budgeting initiatives in laws and/or budget call circulars. To measure the effect of gender budgeting on reducing inequality, we measure the correlation between gender budgeting and the Gender Development Index (GDI) and Gender Inequality Index (GII) scores in each country. The data for gender inequality variables are mainly drawn from the IMF Database on gender indicators and the World Development Indicators database over 1990-2013. Result shows that gender budgeting has significant effect on increasing GDI and small but significant potential to reduce GII. These results strengthen the rationale for employing gender budgeting to promote inclusive development. However, the results show no prioritization for gender budgeting in the fiscal space of health and education sectors in the region.References
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