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Patnaik, Anuradha
- Income Convergence in Maharashtra: Myth or Reality?
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Authors
Affiliations
1 Department of Economics, University of Mumbai, Mumbai 400098, Maharashtra, IN
2 RTM Nagpur University, Nagpur 440001, Maharashtra, IN
1 Department of Economics, University of Mumbai, Mumbai 400098, Maharashtra, IN
2 RTM Nagpur University, Nagpur 440001, Maharashtra, IN
Source
Artha Vijnana: Journal of The Gokhale Institute of Politics and Economics, Vol 55, No 4 (2013), Pagination: 421-436Abstract
Maharashtra, a fast growing state of India, contributes significantly to the national GDP. However, uniform percolation of the growth streams throughout the state is still an unachieved goal. The present study attempts to empirically estimate convergence of income in the state using Myrdal's (1957) framework, for the period 1993-2013 using sigma convergence, beta convergence and spatial autocorrelations. The result of empirical analysis reveals that beta convergence is insignificant during the 20 years under consideration. The sigma convergence clearly hints at an increase in divergence and formation of 'convergence clubs' in some divisions of the state. The spatial autocorrelations are significant in all the years indicating the presence of spill overs or spread effect. However, the magnitude of these spatial autocorrelations has been very low, implying laggard percolation of the growth process throughout the state.
- The Interest Rate Channel of Monetary Transmission Mechanism in India: An Empirical Study
Abstract Views :351 |
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Authors
Affiliations
1 Department of Humanities and Social Sciences, Indian Institute of Technology, Powai, Mumbai 400 076, IN
1 Department of Humanities and Social Sciences, Indian Institute of Technology, Powai, Mumbai 400 076, IN
Source
Artha Vijnana: Journal of The Gokhale Institute of Politics and Economics, Vol 49, No 2 (2007), Pagination: 141-156Abstract
With the deregulation of interest rates in India, it is expected that the traditional channel of monetary transmission mechanism, which is tire interest rates channel will be revitalized. The present study examines the monetary policy transmission through the interest rates by analyzing the interest rates pass through within the spectrum of interest rates. In the process the pass through of the policy signal among select short term rates and long term rates was carried out, using Ordinary Least Square (OLS) approach. The results reveal that the transmission of a monetary policy signal is incomplete. It can be concluded that while some transmission of the monetary policy signal takes place in the short run, the policy impulses get lost in the long run.- Wage-Differentials in India’s Construction Industry
Abstract Views :267 |
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Authors
Affiliations
1 Department of Economics, University of Mumbai, Mumbai, IN
1 Department of Economics, University of Mumbai, Mumbai, IN
Source
Indian Journal of Industrial Relations: Economics & Social Dev., Vol 52, No 1 (2016), Pagination: 1-16Abstract
Workers in India's construction industry are extremely diverse in nature, ranging from large number of unskilled workers to highly skilled engineers and technicians. The present study employs the panel regression technique to test the extended version of Mincerian wage equation for six different groups of construction workers. The results showed that work-experience is the most significant factor that influences the wages of India's construction workers whereas general education (years of schooling) is insignificant unlike other industries (where general education plays a crucial role in increasing the wage-rates). Also, depending on the nature of work, location, sector etc., technical education and formal vocation education play an important role in influencing the wages of the construction workers.- Estimating Backward Looking IS Curve for India
Abstract Views :471 |
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Authors
Affiliations
1 Mumbai School of Economics and Public Policy (Autonomous), University of Mumbai, Mumbai 400098, IN
1 Mumbai School of Economics and Public Policy (Autonomous), University of Mumbai, Mumbai 400098, IN
Source
Artha Vijnana: Journal of The Gokhale Institute of Politics and Economics, Vol 60, No 3 (2018), Pagination: 308-316Abstract
The present study estimates the backward looking IS curve for India using monthly data over the period 1998 to 2016. The sample period is divided into two sub-samples, i.e., pre and post May 2011. The empirical results show that the link between the real interest rate and output gap, the important link in the monetary policy transmission process, is present in both the sample periods. It implies that the monetary policy does have an impact on the aggregate demand. From among the additional variables in the IS equation, only external demand and crude oil prices have significant and expected impact on the output gap.References
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