Articles
TRENDS AND PATTERN OF REMITTANCES FROM ABROAD TO INDIA
Tarun Manjhi
Volume 38, Issue 2 (October 2017 to March 2018)Abstract
Download ArticleIndia has been largest recipient of remittances for long time. Remittances play important role in economic development of any country particularly under developed and developing countries because it is an important and stable source of foreign exchange reserve and external finance. Apart from minimising gap between demand and supply of capital, it also facilitates consumption of different kinds of goods and services to migrants` households. This paper broadly tries to analyse change in trends and patters of inflow of remittances in India and changes in source of Indian remittances over period of time.
Book Review on "From Cowrie to Crypto – Blockchain and the Future of Money"
Vibhor Verma
Volume 41, Issue 2 (July 2020 to December 2020)Abstract
Download ArticleENVIRONMENTAL CONSCIOUSNESS AND CONSUMER LIFESTYLE
Monika Bansal and Kavita Sharma
Volume 39, Issue 2 (July 2018 to December 2018)Abstract
Download ArticleIdentification and targeting of consumer segments who exhibit some kind of pro-environmental behavior in their use and consumption related activities is an important fac-tor for considering environmental issues in business decisions. An extensive review of extant literature highlights the role of environmental consciousness in explaining pro-environmental behavior, thus, making it imperative to investigate the antecedents determin-ing consumers’ environmental consciousness. The investigation holds particular interest to the marketers as it suggests the market feasibility of eco-friendly product options on the ba-sis of identification of profitable green segments. It is in this backdrop that the study at-tempts to examine environmental consciousness as a construct and identify lifestyle- based antecedents of consumers’ environmental consciousness. The study has its implications for marketing practitioners and researchers who can employ the research findings to draw a clear and distinctive picture of environmentally conscious consumers. Moreover, the find-ings will help marketers to identify green consumer segments in terms of pattern of their life-style.
HOLIDAY EFFECT IN SELECT ASIAN STOCK MARKETS
Anuradha Agarwal, Krishan Lal Dahiya and Poonam Gupta
Volume 40, Issue 2 (July 2019 to December 2019)Abstract
Download ArticleThis study seeks to examine the existence of holiday effect in two Asian Stock Markets, Singapore and India. India and Singapore seem to have similar traditions. Many Hindus, being the citizen of Singapore celebrate Diwali and worship Buddhism, which was preached by King Siddhartha (then part of India). Keeping in mind this fact, the daily closing prices and stock returns are regressed to investigate the existence of pre-holiday and post-holiday effect in the two countries and during the common holidays from a period of 1992 to 2018. It was found that in both the countries the pre-holiday effect did not exist. It had been replaced by the post-holiday effect. Even though Singapore is developed, the post-holiday return was found to be significant in this country. Among the specific holidays, the New Year and the Good Friday could attract the attention of investors at 10% significance level in post-holiday period. As for India, none of the holidays but the trading days not-corresponding a holiday provided significant return at 10% level in post and pre-holiday analysis. The post-holiday effect was however found in the form New Year effect in India at 5% significance level. The Common holiday like Deepwali did not achieve the returns significant enough at 5% or 10% level, neither in the pre-holiday period nor in the post-holiday.
Book Review of "The Business of Humanity: Strategic Management in the Era of Globalization, Innovation and Shared Value"
Annavajhula J.C. Bose
Volume 41, Issue 1 (January 2020 to June 2020)Abstract
Download ArticleThis book has interested me a lot for heralding a transformation in capitalism away from being shareholder-centred to becoming human-centred. The authors have documented this emerging change on the basis of sound empirical evidence wedded to appealing inductive logic. There are companies which have strategically integrated “humaneness” into their value creation, and have shown better economic performance in the process. And there are also companies which have massively invested in emerging markets to meet the needs of impoverished people in large numbers by doing a rethink of products and services, technology, and marketing, and they too have shown better economic performance. In other words, these companies have considered and included “humankind” at the bottom of the pyramid.
Aspects of Returnee Emigrant Workers from the Gulf: An Empirical Study
Rajeev Kumar
Volume 41, Issue 1 (January 2020 to June 2020)Abstract
Download ArticleThe paper explores the behavioural and other aspects of the returnee emigrants who worked for at least one year in any one of the six member countries of the Gulf Cooperation Council (United Arab Emirates, Saudi Arabia, Kuwait, Oman, and Bahrain and Qatar) in the last ten years. The paper is based upon a field survey conducted in nine districts of the Western Uttar Pradesh. Primary focus of the paper is on the decision of the returnee emigrants and their households in terms of remitting money while abroad, return and utilisation of remittance by their family. Apart from that the paper also tries to explore various other issues like financing of the initial cost of migration and occupational choices upon return.
Book Review on "Unfreeze: How to Create a High Growth Economy after the Pandemic"
Surinder Kaur and Parminder Kaur
Volume 41, Issue 2 (July 2020 to December 2020)Abstract
Download ArticleTOTAL FACTOR PRODUCTIVITY IN CEMENT INDUSTRY
Meetakshi Pant
Volume 39, Issue 2 (July 2018 to December 2018)Abstract
Download ArticleTotal factor productivity (TFP) is a variable which accounts for the effects in total output that is not caused by traditionally measured inputs. TFP is a real variable and also independent in nature. Residual profit increases due to TFP growth. Profit is based on the ordinary economic calculation of cost and revenue but TFP growth is not anticipated so any gain and loss in terms of TFP growth is a return over and above the expected potential profit in the long run. Total factor productivity growth (TFP) is the best-known measure of productivity. TFP is a costless growth. It is disembodied technological progress; therefore, it cannot be attributed to any single factor of production. TFP is also dynamic as it can only be captured over a period of time. The focus of this study is on the Indian cement industry, which is the second largest producer in the world after China. The time period for this study is 26 years, i.e. from 1991 to 2016. It is observed that there is significant productivity growth in more than 60 percent of cement companies. The sign of TFP is negative in almost 77% of the companies under study. It depicts that the malleability of technologies needs to be kept in mind. It is on account of the rigidities in the case of the cement industry that real factor productivity is negative. It also appears that under such circumstances even the costless growth alternative of TFP is not available because TFP is the practice of technology but if the technology is rigid, it is not possible to have positive TFP growth.
DYNAMIC LINKAGES BETWEEN US AND INDIAN EQUITY MARKETS: AN EMPIRICAL STUDY
Asha Rani and Sunaina Kanojia
Volume 40, Issue 2 (July 2019 to December 2019)Abstract
Download ArticleIn this study, we attempt to investigate the dynamic linkages between US and Indian equity market particularly after the Global Financial Crisis. The daily closing value of total return indices from both the equity markets is examined for a period of more than 15 years ending March 2019. These indices are not found to be co-integrated. An analysis of returns from these equity markets using ADCC-GARCH model reveals the linkage between the volatilities of the two markets. However, the degree of these association between the volatilities are time-varying and has been found to have reduced for past three years paving the way for equity investors of both the markets for seeking the advantage of international diversification.
BOOK REVIEW OF AN INTRODUCTION TO ECOLOGICAL ECONOMICS
Annavajhula J.C. Bose
Volume 40, Issue 1 (January 2019 to June 2019)Abstract
Download ArticleLike Mother Nature gives us free-of-charge many vital things in support of our life, this book is a freely downloadable public good meant for harmoniously connecting humankind with Nature. Robert Costanza and Herman Daly are the two economists among the authors, who can be taken as the famous founders and proponents of Ecological Economics as a new, transdisciplinary branch of heterodox economics, that rose in the mid-1980s. For these authors, economics is embedded in the broader ecosystem that supports all human activity, and so there are both limits for economic growth and opportunities to improve long-term human well-being...