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https://ir.iimcal.ac.in:8443/jspui/handle/123456789/3036
2024-03-28T13:05:20ZGeneral equilibrium analysis of trade and environment under alternative market structure: a computable general equilibrium study for India
https://ir.iimcal.ac.in:8443/jspui/handle/123456789/3050
Title: General equilibrium analysis of trade and environment under alternative market structure: a computable general equilibrium study for India
Authors: Das, Koushik; Chakraborti, Pinaki
Abstract: The purpose of the present paper is to understand general equilibrium implications of international trade and globalization on social welfare and environmental emission caused on account of energy consumption by production sectors and domestic households. We applied computable general equilibrium (CGE) modelling as our relevant methodology following Shoven and Whalley (J Econ Lit XXII:1007–1051, 1984). Constructing an energy/environmental social accounting matrix (SAM), paper attempts to purport the effects of liberalized trade over different macroeconomic aspects, energy consumption and green house gas emission through an environmental CGE model logically based on SAM. Attempts have been made to simulate various trade related policies like import liberalization, foreign capital inflow and use of energy saving technologies for examining the impact over macroeconomic variables and domestic physical environment under both perfect and monopolistic competition market structure assumption.
Description: Koushik Das, Department of Economics, Chandidas Mahavidyalaya, Khujutipara, Birbhum, West Bengal, India; Pinaki Chakraborti, Department of Economics, University of Burdwan, Bardhaman, West Bengal, India; p.99-116; Issue Editor – Bhaskar Chakrabarti, IIM Calcutta, Kolkata, India2013-11-01T00:00:00ZAn empirical study on the financial health of the main steel producing segment in India: application of factor analysis and multiple regression analysis
https://ir.iimcal.ac.in:8443/jspui/handle/123456789/3046
Title: An empirical study on the financial health of the main steel producing segment in India: application of factor analysis and multiple regression analysis
Authors: Pal, Shrabanti; Bhattacharya, Mahua
Abstract: The preset study is an attempt to measure the influence of different financial ratios selected from different categories like liquidity, activity, and leverage on the profitability of the selected companies. For the purpose of the study, three main producers of steel in India—Steel Authority of India, Rashtriya Ispat Nigam Limited and Tata Steel Limited—are selected for a period of 20 years. Initially, the factor analysis is conducted on all the 15 selected ratios and on the basis of inter correlation matrix the variables (financial ratios) which have the correlation coefficient less than ±6 are excluded from the study. The factor analysis is again conducted on the remaining variables and two factors are extracted. The extracted factors are named suitably. To validate those factors cluster analysis is conducted. Afterwards, to estimate the impact of selected variables on the profitability multiple regression analysis is carried on and a model is predicted for such purpose.
Description: Shrabanti Pal & Mahua Bhattacharya, Department of Business Management, University of Calcutta, Kolkata, India; p.47-55; Issue Editor – Bhaskar Chakrabarti, IIM Calcutta, Kolkata, India2013-11-01T00:00:00ZDeterminants of foreign direct investment in India: an empirical analysis
https://ir.iimcal.ac.in:8443/jspui/handle/123456789/3047
Title: Determinants of foreign direct investment in India: an empirical analysis
Authors: Kaur, Mandeep; Sharma, Renu
Abstract: Foreign direct investment (FDI) inflows to the developing countries have increased with a greater pace in the 1990s accounting for about 46.1 % of global FDI inflows in the year 2010. Similar trends have also been visualized in India where FDI has expanded rapidly following the economic reforms initiated in the early 1990s. These were directed towards increased liberalization, privatization and deregulation of the industrial sector, integrating the economy with that of world economy by reducing trade barriers and adapting favourable policy framework towards expansion of foreign investment in the country. This has made Indian economy a favourable destination for foreign investors. The present study explores the determinants of FDI that influence the inflows of FDI into India. Explanatory variables used in the study are gross domestic product (GDP), foreign exchange reserves (RES), long-term debt (LTD), inflation (INF), exchange rate (EXCH) and openness (OP). Empirical analysis concludes that the variables OP, Reserves, GDP and LTD have found to have positive impact on FDI, while negative impacts of INF and EXCH on FDI have been noticed.
Description: Mandeep Kaur, Department of Commerce and Business Management, Guru Nanak Dev University, Amritsar, 143005, India; Renu Sharma, P.G. Department of Commerce, K.L.S.D. College, Ludhiana, India; p.57-67; Issue Editor – Bhaskar Chakrabarti, IIM Calcutta, Kolkata, India2013-11-01T00:00:00ZFinancial development, social development, and economic growth: the causal nexus in Asia
https://ir.iimcal.ac.in:8443/jspui/handle/123456789/3048
Title: Financial development, social development, and economic growth: the causal nexus in Asia
Authors: Pradhan, Rudra Prakash; Mukhopadhyay, Bidisha; Gunashekar, Aadra; Samadhan, Bele; Pandey, Shashikant
Abstract: The paper investigates the causal nexus among financial development, social development, and economic growth for 15 Asian countries for the period 1961–2011. Using the Granger causality test, both at the individual country and at the panel settings, the results suggest that (1) financial development and social development generally lead to economic growth; (2) the Granger causality from financial development to economic growth and from economic growth to financial development coexists; (3) the Granger causality from social development to economic growth and from economic growth to social development coexists; and (4) the Granger causality from financial development to social development and from social development to financial development coexists. The findings are, however, not uniform; it varies from country to country and from region to region.
Description: Rudra P. Pradhan, Bidisha Mukhopadhyay & Shashikant Pandey, Vinod Gupta School of Management, IIT Kharagpur, Kharagpur, 721 302, West Bengal, India; Aadra Gunashekar, Department of Food & Agricultural Engineering, IIT Kharagpur, Kharagpur, India; Bele Samadhan, RCG School of Infrastructure Design and Management, IIT Kharagpur, Kharagpur, India; p.69-83; Issue Editor – Bhaskar Chakrabarti, IIM Calcutta, Kolkata, India2013-11-01T00:00:00Z