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Full-Text Articles in Mathematics
Modeling Reit Returns With Macroeconomic, Monetary Policy And Financial Variables In The Frameworks Of Structural Break And Regime-Switching Var: Evidence From The Usa And The Uk., Mahamitra Das Dr.
Doctoral Theses
This thesis is basically concerned with studying the various relationships involving REIT returns, inflation, monetary policy variables, and general equity market returns in the USA and the UK markets by considering modeling approaches which allow for either structural breaks or regime-switching behavior in the relationship. Although study of such relationships, especially the one involving inflation and REIT returns, have evoked significant interest amongst researchers, the number of such studies is still very few in number. Moreover, there is an element of ‘puzzle’ embedded in this relationship. Hence, it is imperative as well as interesting that further empirical investigations are done …
Modelling The Links Between Inflation, Output Growth, Inflation Uncertainty And Output Growth Uncertainty In The Frameworks Of Regime-Switching And Multiple Structural Breaks: Evidence From The G7 Countries., Kushal Banik Chowdhury Dr.
Modelling The Links Between Inflation, Output Growth, Inflation Uncertainty And Output Growth Uncertainty In The Frameworks Of Regime-Switching And Multiple Structural Breaks: Evidence From The G7 Countries., Kushal Banik Chowdhury Dr.
Doctoral Theses
One of the long-standing and most investigated issues in macroeconomics is the nature of the relationship between inflation and output growth. Given this relationship as a central point of intense interest, one strand of studies has focused on the levels of the two series, while, more recently, an overgrowing body of research has highlighted the importance of the effects which are due to both the levels and the uncertainties associated with these two variables. These studies raise a number of interesting issues regarding the relationship between inflation and output growth. First, is there any direct effect of inflation on output …
Modelling Stock Returns In 'Volatility-In-Mean' Framework Under Up And Down Market Movements, Srikanta Kundu Dr.
Modelling Stock Returns In 'Volatility-In-Mean' Framework Under Up And Down Market Movements, Srikanta Kundu Dr.
Doctoral Theses
The first chapter of this thesis begins with a brief review of the existing literature on empirical studies on stock returns, especially those in the context of the relationship between risk and return, at both univariate and multivariate levels. In the next section, studies on the relationship between stock return and monetary policy are reviewed. The motivation of this work is discussed in Section 1.4. Finally, the format of the thesis is given in Section 1.5.A Brief Review of the Literature on Risk-Return Relationship-Both Univariate and Multivariate Cases. In this section, we first present a brief review of this literature …
Public Policy, Long Run Growth And Economic Transition From Agriculture To Industrial Mass Production., Rudrani Bhattacharya Dr.
Public Policy, Long Run Growth And Economic Transition From Agriculture To Industrial Mass Production., Rudrani Bhattacharya Dr.
Doctoral Theses
It has been recognized that the heart of the development process lies on the transformation of an economy from traditional activities in agriculture to industrial activities. As emphasized by Lewis (1954), the movement of labor from primary sector to industry is conducive to the rise of economy’s savings and investment rate and thus fostering economic growth. The core of this paradigm is the historically observed rapid growth in today’s developed countries associated with expansion of industrial activities.It is well-documented by now that at least over a few centuries leading up to 1800 AD there was little change in the world …
Wealth Inequality And Economic Performances., Sahana Roy Chowdhury Dr.
Wealth Inequality And Economic Performances., Sahana Roy Chowdhury Dr.
Doctoral Theses
Ever since the inception of Development Economics as a separate discipline inequality has been a major area of extensive study. Economists and researchers have deliberated both on the causes and the effects of inequality in a wide range of treatise, books and essays. So far, in this regard, two fundamental approaches came across viz., the Classical approach and the Credit Market Imperfection approach. The Classical approach was originated by Smith (1937) and was further interpreted and developed by Keynes (1920), Lewis (1954), Kaldor (1957), and Bourguignon (1981). According to this approach, savings rate is an increasing function of wealth and …
Human Capital And Economic Growth: Theory And Policy., Bidisha Chakraborty Dr.
Human Capital And Economic Growth: Theory And Policy., Bidisha Chakraborty Dr.
Doctoral Theses
Growth theory is one of the most important branches of macroeconomics. Growth theory helps us to understand the intertemporal behaviour of a dynamic economy and to understand the properties of the long-run rate of economic growth. It identifies the factors causing the deviation of the actual rate of growth from the socially efficient rate of growth and analyses the effectiveness of various policies in removing this gap. It analyses the condition of stability of the long-run equilibrium and also attempts to establish links between the long run equilibrium and the persistence of underdevelopment.With the emergence of the ‘new’ growth theory, …
Predictability In The Indian Stock Market: A Study From An Econometric Perspective., Debabrata Mukhopadhyay Dr.
Predictability In The Indian Stock Market: A Study From An Econometric Perspective., Debabrata Mukhopadhyay Dr.
Doctoral Theses
No abstract provided.
Essays In Indian Corporate Finance., K. V. S. Vinay Dr.
Essays In Indian Corporate Finance., K. V. S. Vinay Dr.
Doctoral Theses
This thesis comprises of three essays in corporate finance focusing on the Indian economy. The first essay contains a theoretical model while the second and the third essays are empirical exercises. In the subsequent paragraphs of this section, we examine the broader issues to which the contents of the thesis contribute.The past few years have seen rising interest in studies of financial insti- tutions and corporate financial policies in countries other than the United States. One of the reasons for such a shift in attention is the diversity in the size and structure of financial arrangements all over the world. …
Some Aspects Of Banks And Financial Markets In Emerging Economics., Gurbachan Singh Dr.
Some Aspects Of Banks And Financial Markets In Emerging Economics., Gurbachan Singh Dr.
Doctoral Theses
Liquidity and Bank RunsThe policy of deposit insurance in the banking sector has succeeded in pre- venting bank runs but it has encouraged moral haxard (Kane, 1985 and 1989). This has increased the cost of capital. So the government and/or the central bank need to regulate (Flannery, 1982). In chapter 2, we ask the question - Is there an alternative to deposit insurance? What is the role of equity capital in this context? Is full insurance optimal?The seminal paper on bank runs by Diamond and Dybvig (1983) argues that a lack of deposit insurance leads to muitiple Nash equilibria, including …
Planning And Resource Mobilization In A Developing Economy., Dilip Ratha Dr.
Planning And Resource Mobilization In A Developing Economy., Dilip Ratha Dr.
Doctoral Theses
In developing economies, the per capita availability of essential goods and services is quite low. Hence a large section of the society cannot afford even the mininum necessities of 1ite. While human and natural resources are plenty, produced means of produetion like plant and equipment and construction materiais are soaroe. Hence the human resources are not fully utilized. Since the distribution of income and assets is highly skewed, even the snall quantity of essential goods and services is not equitably distributed. When resources 11ke land and capital are privately owned and goods and services are distributed through the narket mechanism, …