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Technological Change, Automation And Employment: A Short Review Of Theory And Evidence, K. V. Ramaswamy Oct 2018

Technological Change, Automation And Employment: A Short Review Of Theory And Evidence, K. V. Ramaswamy

International Review of Business and Economics

A selective survey of recent papers in the area of technological change, automation and employment is presented. The objective is to convey analytical ideas and the empirical evidence that have informed studies in this area of contemporary policy relevance. Automation occurs when a machine does work that might previously have been done by a person. How robots and automation affect the availability of jobs for labor force? There are very few emerging studies that address the issue with detailed data on robots usage and employment in different sectors of the economy. Based on our review of available studies and empirical …


Impact Of Infrastructure On Economic Growth: A Panel Data Approach Using Pmg Estimator, Esra Kabaklarli, Fatih Mangir, Bansi Sawhney Oct 2018

Impact Of Infrastructure On Economic Growth: A Panel Data Approach Using Pmg Estimator, Esra Kabaklarli, Fatih Mangir, Bansi Sawhney

International Review of Business and Economics

Growth theory asserts that infrastructure investments promote economic growth by improving the quality of life and increasing private sector productivity . Transport services, water utility services and telecommunication services provide better facilities to attract FDI (foreign direct investment) and increase productivity across sectors. The aim of this article is to analyze whether transport infrastructure investments have a strong effect on the economic growth. It also attempts to analyze the differential impact of each type of infrastructural spending on economic growth. Our data set covers annual data from 1993 to 2015 period for 15 OECD countries (Austria, Turkey, Czech Republic, Spain, …


Dynamics Of Tobin’S Q And Us Stock Performance, Matiur Rahman, Muhammad Mustafa Oct 2018

Dynamics Of Tobin’S Q And Us Stock Performance, Matiur Rahman, Muhammad Mustafa

International Review of Business and Economics

To study the dynamic effects of changes in Tobin’Q on stock prices of selected 249 US public companies of different industry categories. Panel unit roots tests and cointegration tests are implemented. Next, DOLS and GMM models are estimated. Annual data for the 2004-2012 period are used for the above selected US companies. Panel unit root tests provide somewhat mixed evidence of non-stationarity of both variables. There is clear evidence of cointegration between the above variables. The negative coefficient of the error-correction term shows convergence toward long-run equilibrium, though at slow pace. The estimates also reveal shortrun net positive interactive feedback …


The Hubbert Curve And Rare Earth Elements Production, Zachary Gann Oct 2018

The Hubbert Curve And Rare Earth Elements Production, Zachary Gann

International Review of Business and Economics

This paper intends to apply the Hubbert curve to the production of rare earth elements by the United States, China, and total global production. The goal of this research is to see if the production of rare earth elements follows the predicted production forecasted by the Hubbert curve and to observe if the curve can create usable predictions of future production. Global demand for rare earth elements has drastically increased in the modern era due to their unique properties. Global production has increased as well to meet this increased demand. Rare earth elements are a collection of seventeen chemical elements …


Retesting The Dual Sector Model In India And Brazil, Jiade Xiao Oct 2018

Retesting The Dual Sector Model In India And Brazil, Jiade Xiao

International Review of Business and Economics

India and Brazil are developing countries and emerging markets, enjoying economic development in the recent decades. The development experience of both countries may provide persuasive evidences in supporting or disapproving the economic theories. Arthur Lewis’ structural-change theory focuses on the transition of economic structure with the character from depending heavily on agricultural sector to the character with more contribution from industrial sector occurring in the developing countries. His model of dual sector, as an important part of the structural-change theory, argues that the labor moving from agricultural sector to industrial sector associated with the migration from rural area to urban …


Detecting Multiple Bubbles And Exuberance In Financial Data: An Extensive Empirical Examination Over Four Major Foreign Indexes, Swarna D. Dutt, Dipak Ghosh Oct 2018

Detecting Multiple Bubbles And Exuberance In Financial Data: An Extensive Empirical Examination Over Four Major Foreign Indexes, Swarna D. Dutt, Dipak Ghosh

International Review of Business and Economics

History is replete with incidents of financial crisis, which ex-post become a wakeup call for policy makers and the people. But there were no tests which could identify and date financial bubbles in real time, till now. Phillips, Shi and Yu [2015] provides the first and only model to recursively examine for multiple bubbles. Their “flexible window” methodology provides consistent results and has successfully identified the well-known historical episodes of exuberance and collapse. This accuracy provides very useful “warning alerts” to central bankers, fiscal regulators and policy makers to pre-emptively act and possibly eliminate an impending implosion. We extensively examine …


2016 Rupee Demonetization (Dn): It’S A Success!, Sudhanva Char Oct 2018

2016 Rupee Demonetization (Dn): It’S A Success!, Sudhanva Char

International Review of Business and Economics

The November 2016 Dn of the rupee is a phenomenal event in India’s monetary history with spillovers into every nook and corner of Indian economy, and yet it has hardly received the attention it warrants from economists and other professionals. To better understand the socioeconomic consequences this paper compiles and evaluates the positives and negatives of Dn in spite of challenges in quantifying them. There was uproar at the outset because of the market turmoil notebandi caused, but some twenty months later Indian economy is doing well on the Dn stress test. This is evident in a) the broadening of …


An Empirical Study Of Elasticity Of Employment Generated In Micro, Small And Medium Manufacturing Enterprises (Manufacturing Msmes) In India, Nihar Ranjan Jena, Lina R. Thatte Jun 2018

An Empirical Study Of Elasticity Of Employment Generated In Micro, Small And Medium Manufacturing Enterprises (Manufacturing Msmes) In India, Nihar Ranjan Jena, Lina R. Thatte

International Review of Business and Economics

World over SMEs are playing a major role in the sphere of socio-economic enhancement of lives of millions. In India, the Micro, Small & Medium Enterprises (MSMEs) contribute 8 per cent to the country’s GDP, 45 per cent to the manufactured output and 40 per cent to the country’s exports. They provide employment to 101 million people through 45 million enterprises. As an employment generator, MSMEs are the second largest employment opportunity provider only behind the agriculture sector. The MSMEs also act as a catalyst for social change by helping reduce the income inequality among various social classes as also …


Economic Growth And Credit In India, Charan Singh Ph.D., Subhash Bharadwaj Pemmaraju, Rohan Das Jun 2018

Economic Growth And Credit In India, Charan Singh Ph.D., Subhash Bharadwaj Pemmaraju, Rohan Das

International Review of Business and Economics

The interdependence between credit expansion and economic growth has been a subject of some debate. While some economists contest that the development of the financial system is a byproduct of economic growth others assert that credit expansion is critical for growth itself. India’s impetus on expanding its banking reach and recent changes in the way transactions are being done begs the question whether such changes directly affect the growth trajectory. This paper aims to examine and understand the relationship between credit and growth in India in the last few decades. Different metrics for credit and output is used to test …


Exploring Millennials’ Motives In Media Class Preferences: Advertising Implications, Alexandra Hutto, W. Wossen Kassaye Jun 2018

Exploring Millennials’ Motives In Media Class Preferences: Advertising Implications, Alexandra Hutto, W. Wossen Kassaye

International Review of Business and Economics

Millennials have become a preoccupation for marketers, especially as they enter their peak earning and spending life stages. This exploratory study represents a touchstone to the motivations, beliefs, feelings, and behaviors members of the millennial cohort, those born between 1980-2000, exhibited toward three major media classes (print, broadcast, and Internet). Forty-one millennials participated in a series of synchronous online focus groups administered through a learning management system (LMS), or focus group chats (FGCs) for short. This study compares millennials’ views toward traditional media (namely, television and newspapers) against the Internet with an emphasis on perceived advantages and disadvantages of each …


Exploring The Technological Frontier To Fuel Future Growth: Charting India’S Trajectory For Coming Decades, Abhith Pallegar Jun 2018

Exploring The Technological Frontier To Fuel Future Growth: Charting India’S Trajectory For Coming Decades, Abhith Pallegar

International Review of Business and Economics

The paper aims to discuss the world of fast-paced technology from a Darwinian standpoint and examines the technological choices made by countries and the impact of such choices on their economic growth. The paper explores how a country’s economic growth is dependent on the strategic technological choices they make. By clubbing together the fate of countries and companies, we intend to simplify the narrative and explore a few key aspects such as the diminishing relevance of competitive behavior and ways of adapting to and adopting new technologies to become an evolutionary driver in a technology-centric world. This review highlights the …


Foreign Aid Effectiveness In Ghana, Yaya Sissoko, Niloufer Sohrabji Jun 2018

Foreign Aid Effectiveness In Ghana, Yaya Sissoko, Niloufer Sohrabji

International Review of Business and Economics

Ghana has been the recipient of large levels of aid since the 1980s. This coincides with significant improvements in the country including increased growth and poverty reduction. We analyze the role of foreign aid in Ghana’s success. Using annual data from 1961 to 2012, we employ an error correction model to estimate the long-run relationship between aid and conditional aid in Ghana’s economic growth. We find that conditional aid has a positive and statistically significant impact on growth. Through an examination of Ghana over three phases with varying aid and conditionality, we conclude that Ghana’s success with conditional aid is …


Corporate Governance And Accounting Information Disclosure In The Nigerian Banking Sector, Igbekoyi Olusola Esther, Agbaje Wale Henry Mar 2018

Corporate Governance And Accounting Information Disclosure In The Nigerian Banking Sector, Igbekoyi Olusola Esther, Agbaje Wale Henry

International Review of Business and Economics

The study examine the effect of corporate governance on the quality of accounting information disclosed in Nigerian banks. The study covers banks that are quoted in the Nigeria Stock Exchange. Data were collected from secondary sources using the annual reports and factbook of selected banks during the period of 2006-2015. Data collected were analyzed using statistical tools; unit root, co-integration and error correction model. The corporate governance indices used in the study include; Audit committee meeting (ACM), Audit committee qualification (ACQ), Board size (BS), Directors in audit committee (DAC), Ownership structure (OS) and Corporate board members (CBM). The study revealed …


Co-Integration Between Savings And Investment In India And The Us: An Econometric Analysis Of Feldstein-Horioka Hypothesis, Narender Thakur Ph.D., Vishnu Das Gupta Mar 2018

Co-Integration Between Savings And Investment In India And The Us: An Econometric Analysis Of Feldstein-Horioka Hypothesis, Narender Thakur Ph.D., Vishnu Das Gupta

International Review of Business and Economics

This paper econometrically tests the Feldstein-Horioka hypotheses. It uses the domestic savings and domestic investments variables in India and the US in the period 1960- 2014. The Feldstein-Horioka hypotheses states that the cointegration relationship between domestic savings and domestic investments weakens in a country with higher foreign capital mobility and vice-versa. We find that the co-integration relation between the two time-series variables is weakened in the case of the US economy as compared to the Indian economy. These results have policy implications for India as it is opening itself up more to inward foreign investment.


Democratizing Innovation: How Consumer Electronics Is Revolutionizing Rocketscience, Abhith Pallegar Mar 2018

Democratizing Innovation: How Consumer Electronics Is Revolutionizing Rocketscience, Abhith Pallegar

International Review of Business and Economics

The traditional flow of cutting-edge technologies observed over the last 100 years was from government supported defense space to its broader application in the civilian domain. We have seen technology flow into consumer products years after its introduction in defense applications. Most common examples of this movement were the invention and incubation of the Internet and Global Positioning System in prestigious national labs, which later trickled down to benefit millions. But there seems to be a shift in the tide of innovation where consumer market has been influential in developing a range of technologies which have flown the other way …


Migration From Mexico To The Us: The Impacts Of Nafta On Mexico And The United States And What To Do Going Forward, Ashley A. Elsasser Mar 2018

Migration From Mexico To The Us: The Impacts Of Nafta On Mexico And The United States And What To Do Going Forward, Ashley A. Elsasser

International Review of Business and Economics

Research indicates four main causes for migration from Mexico to the United States: Incredibly high crime rates, unemployment, poverty rates, and natural disasters. The first two are especially important in regards to trade between the two border sharing countries. Since agreeing to virtually total free trade, the United States has been able to take advantage of Mexico in such a way that has created further deterioration of the state. If the government of Mexico cannot resurrect the thousands of personal business that were effected do to NAFTA, the U.S. cannot expect for migration from Mexico to deteriorate or halt. By …


Organizational Citizenship Behavior--A Study Of The Telecom Industry, Upasna Joshi Sethi Ph.D. Mar 2018

Organizational Citizenship Behavior--A Study Of The Telecom Industry, Upasna Joshi Sethi Ph.D.

International Review of Business and Economics

Organizational Citizenship behavior is a person’s voluntary commitment within an organization which is not part of the contractual tasks. Various studies suggested that engaging in OCB can enrich the work lives of employees. The Current Paper aimed to study five dimensions of Organizational Citizenship Behavior of employees in Telecom industry. For the study a sample size of 500 employees who are working in Telecom sector was selected using Snowball Sampling Technique in the areas of Chandigarh, Panchkula and Mohali. The scale used for the purpose of measuring the responses of the employees for Organizational Citizenship Behavior is the one developed …


Cash Shortages And Black Money: A Look At India's 2016 Demonetization Effect, One Year Later, Amitabh S. Dutta Ph.D., Kishore G. Kulkarni Ph.D. Mar 2018

Cash Shortages And Black Money: A Look At India's 2016 Demonetization Effect, One Year Later, Amitabh S. Dutta Ph.D., Kishore G. Kulkarni Ph.D.

International Review of Business and Economics

The decision of demonetization announcement in November 2016, by the Prime Minister of India, Mr. Narendra Modi, was surprising to the general public and controversial to the economic thinkers. While the opponents of such a step have gone through actual calculation of the cost of demonetization in terms of potential GDP loss (2% as predicted by the former Prime Minister and Oxford Economist, Manmohan Singh) some supporters have pointed out the big benefits of this step. In recent days a talk of demonetization has become a “hot potato” that very few want to hold on to. Politically this has become …


Colossal Insurance Sector Of India, Anuradha Prasad More Mar 2018

Colossal Insurance Sector Of India, Anuradha Prasad More

International Review of Business and Economics

Insurance sector has its roots in the Indian economy since 1818 when the first insurance company Oriental Life insurance was established at Calcutta [now Kolkata]. Even the reference can be found in the form of marine adventure trade loans and carrier’s contracts. Industry started taking shape during the British reigning. Since then the insurance industry has undergone the various reforms/changes. Enactment of Insurance Act 1938, nationalization of Life insurance sector in the year 1956, General insurance Sector in the year 1972 and again with the recommendation of Malhotra Committee Report insurance sector reopened for private players in the year 1999. …


India's Higher Educator Sector: Challenges And Opportunities, Anand Kulkarni Mar 2018

India's Higher Educator Sector: Challenges And Opportunities, Anand Kulkarni

International Review of Business and Economics

For both developed and emerging economies, knowledge and innovation will increasingly drive competitive advantage, according to a great deal of analysis conducted by the OECD and other Institutions. Higher Education is a key component of future competitive advantage in the knowledge and innovation spheres. This paper will examine the challenges and opportunities for the Indian Higher Education Sector, as it grapples with meeting the needs of a changing economy, and providing access and opportunity for millions of its population. Drawing on a variety of data sources and benchmarking India against a number of nations around the world, this paper contends …


Idiosyncratic Risk And Returns: The Case For A More Efficient Class Of Estimators, Mohinder Parkash, Rajeev Singhal, Yun Ellen Zhu Mar 2018

Idiosyncratic Risk And Returns: The Case For A More Efficient Class Of Estimators, Mohinder Parkash, Rajeev Singhal, Yun Ellen Zhu

International Review of Business and Economics

Volatility is a key input into many important financial decisions. Therefore, accurateforecast of volatility plays animportant role in making these decisions. Typically, volatility is forecast using realized volatility computed from closing stock prices. Employing expectation of volatilitiessuch calculated, several papers find that expected idiosyncratic risk is positively associated with contemporaneous returns. Yang and Zhang [2000] show that estimators belonging to the class of range-based estimators are more efficient than the estimators derived only from closing prices. Using the more efficient range-based volatility estimates, we find no evidence to support the hypothesis that idiosyncratic risk explains returns.


Climatic Challenges And Environmental Pollution In India, T. Sarathy Ph.D. Jan 2018

Climatic Challenges And Environmental Pollution In India, T. Sarathy Ph.D.

International Review of Business and Economics

Global climate change is a change in the long-term weather patterns that characterize the regions of the world. The term “weather” refers to the short-term (daily) changes in temperature, wind, and/or precipitation of a region. In the long run, the climatic change could affect agriculture in several ways such as quantity and quality of crops in terms of productivity, growth rates, photosynthesis and transpiration rates, moisture availability etc. Climate change is likely to directly impact food production across the globe. Increase in the mean seasonal temperature can reduce the duration of many crops and hence reduce the yield. In areas …


An Environmental Study On Problems Faced By Healthcare Visitors Of Kanchipuram District, N. Palaniraj Ph.D., Prakash V. Jan 2018

An Environmental Study On Problems Faced By Healthcare Visitors Of Kanchipuram District, N. Palaniraj Ph.D., Prakash V.

International Review of Business and Economics

India as a developing economy is healthier nation because of proper and well-developed healthcare infrastructure. This leads to improvement in the life years and happiness of the population. The high life style increases the unhealthy practices of eating culture, fast food, no exercise and other. Even children’s are facing serious health issues in early ages. Due to this, every individual’s visiting the hospitals at least once in a month. Many get diseases while visiting hospitals where there is poor maintenance of various wastes, which leads to air pollution, waste water pollution, bio medical waste pollution, and soil pollution. Tamil nadu …


Effectivness Of Municipal Solid Waste Management In Tamil Nadu With Special Reference To Thiruvallur District, P Jayendira Sankar Ph.D. Jan 2018

Effectivness Of Municipal Solid Waste Management In Tamil Nadu With Special Reference To Thiruvallur District, P Jayendira Sankar Ph.D.

International Review of Business and Economics

The study is aimed to identify the effectiveness of solid waste management in Tamil Nadu with special reference to Thiruvallur District. “In recent times, the continuous increase of solid waste is a serious problem with the urban and rural areas. The rapid growth of population and increasing per-capita income has resulted in the generation of enormous solid waste posing a serious threat to environmental quality and human health. Improper disposal of waste often results in spread of diseases and contamination of water bodies and soils. The impacts on these wastes on the economy cannot be ignored and managing them has …


Perspective Study Of Environmental Effects On Public Health, M Mohan Raju Ph.D. Jan 2018

Perspective Study Of Environmental Effects On Public Health, M Mohan Raju Ph.D.

International Review of Business and Economics

In this paper it is critically review the economic literature on the effects of environmental changes on public health ,in both the developed and the developing wolrd. The first focus on the economic methodologies that are available for the evaluation of the effects of environmental changes on public health .Then it explain how the monetary valuations of these effects can feed back in the construction of economic policy for creating agent specific incentives for more efficient public management,which is also equitable and environmentally sustainable. Every minute, five children in developing countries die from malaria or diarrhoea. Every hour, 100 children …


A Study On Water Quality In Kanyakumari District, Tamil Nadu, India, R. Stephen Chellakan Ph.D. Jan 2018

A Study On Water Quality In Kanyakumari District, Tamil Nadu, India, R. Stephen Chellakan Ph.D.

International Review of Business and Economics

Analyses of physical and chemical examinations were undertaken for the river and pond water resources of Kanyakumari district, Tamil Nadu, India. The study has chosen two main rivers and four ponds in the study area mainly because these water sources are used by village people for drinking and bathing purposes. Water quality parameters viz., Turbidity, Total dissolved solids, Electrical conductivity, pH, Total Hardness, Nitrite, Sulphite, Phosphate, Bacteriological examinations, and Faecal Coliform were analysed as per the Bharat Indian Standard. The laboratory results of pH, Nitrate (NO3), Sulphate (SO4) and Faecal Coliform per 100 ml are within the standard permissible limits …


Impact Of Water Pollution In Tamil Nadu, J. Jacob Stanley Inbaraj Ph.D., A. Kannappan Jan 2018

Impact Of Water Pollution In Tamil Nadu, J. Jacob Stanley Inbaraj Ph.D., A. Kannappan

International Review of Business and Economics

Water resource is one of the important natural resources it essential for the survival of living organisms. The adequate safe water is essential to human lives and it is required in day to day life. Water pollution may take place due to natural causes such as silt carried by run-off, organic wastes of plants and animals, minerals leaching through soils, thermal pollution and algal blooms. In most of the developing countries are being polluted beyond their capacity because of high population growth. Increasing the urbanization and industrialization has reason for create a very large point of water pollution. Agro – …


Impact Of Urbanisation And Its Effect On Coastal Communities In Chennai Region, Sama A., M. Abdul Jamal Ph.D. Jan 2018

Impact Of Urbanisation And Its Effect On Coastal Communities In Chennai Region, Sama A., M. Abdul Jamal Ph.D.

International Review of Business and Economics

Impact of Urbanisation in India is the process resulting into increase in the proportion o furban population to the total population in an area. The coastline of India is characterised by several ecosystems and resources. The population in cities is generally increasing because they provide easy access to ocean, rivers beaches and other natural areas and are a good source for raw material and food. In India, Chennai is the fifth-largest city and 36th- largest urban area by population in the world. The Quality of Living Survey rated Chennai as the safest coastal city in India. As a growing metropolitan …


Impacts Of Urbanization On Environment, C. Sivakkolundu Ph.D., Sujatha Sujatha Jan 2018

Impacts Of Urbanization On Environment, C. Sivakkolundu Ph.D., Sujatha Sujatha

International Review of Business and Economics

Urbanization refers to general increase in population and the amount of industrialization of a settlement. It includes increase in the number and extent of cities. It symbolizes the movement of people from rural to urban areas. Urbanization happens because of the increase in the extent and density of urban areas. Due to uncontrolled urbanization in India, environmental degradation has been occurring very rapidly and causing many problems like land insecurity, worsening water quality, excessive air pollution, noise and the problems of waste disposal. This paper emphasizes on the effect of urbanization on environmental components mainly climate, biosphere, land and water …


Economic, Social And Environmental Implications Of Urban Solid Waste And Need For Valorization Of Waste, S. Jameela Ph.D. Jan 2018

Economic, Social And Environmental Implications Of Urban Solid Waste And Need For Valorization Of Waste, S. Jameela Ph.D.

International Review of Business and Economics

“Source reduction is, on the face of it, perhaps the most appealing of all the possible approaches to solid-waste management” - William Rathje and Cullen Murphy Waste poses a threat to public health and environment and hence it should be properly collected and disposed. Managing municipal solid waste is a pervasive problem for any urban area and the Singara Chennai is no exception to it. Admitting that it is one of the best managed city, but still problem of dealing with solid waste generated in the ever expanding Chennai city is an uphill task. The materialistic world has been sustaining, …