International Economics Commons^™

Economic Effects Of Pandemic On Us And Indian Economies With Policy Actions In 2019-2023: A Comparative Analysis, Kishore Kukarni Dr., Amitabh S. Dutta

International Review of Business and Economics

COVID 19 pandemic that started in February/March 2019, with happenings in Yuwan, China spread like a wildfire all over the world. All countries faced one of the worst economic challenges in recent centuries if not ever in the history of the mankind. Early predications were so severe and devastating that some forecasters predicted a death-toll of 100 million all over the world, as the virus was not only spreading fast but also had no solution for its serious fatal effects. It was evident that the patients were dying before getting any effective treatments and many of them were elderly individuals. …

Emerging Giants And Lessons For Development: China, India, And Their Different Paths To Progress, Eskander Alvi Editor, Wei-Chiao Huang Editor

Upjohn Press

This book explores the differences and commonalities in growth experiences of two looming economic giants, China and India—countries that follow often-contrasting economic, social, and political paths as they struggle to achieve long-term prosperity for their billion-plus populations. The papers included within show that the economic and political realities in the two countries are quite different, and that these realities are deeply embedded in each country’s social framework. China and India are at markedly different stages of economic development but the challenges facing the two countries, unsurprisingly, diverge—not only because of the different stage of development each has reached, but also …

The Macrodynamics Of Indian Rupee Swap Yields, Tanweer Akram, Khawaja Mamun

WCBT Working Papers

This paper econometrically models the dynamics of Indian rupee (INR) swap yields based on key macroeconomic factors using the autoregressive distributive lag (ARDL) approach. It examines whether the short-term interest rate has a decisive influence on long-term INR swap yields after controlling for other factors, such as core inflation, the growth of industrial production, the logarithm of the equity price index, and the logarithm of the INR exchange rate. The estimated models show that the short-term interest rate has an important influence on the swap yields. This implies that the Reserve Bank of India (RBI) can sway borrowing and lending …

Impact Of Demand For H1b Visas In The Us On The Performance Of Listed Indian Firms, Jayaditya Shekhar Maliye

CMC Senior Theses

This thesis examines the relationship between Indian firm performance and the demand for H1B visas in the US. To test this relationship, a fixed effects model has been used on a panel dataset of 104 Indian firms listed on the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) over the period 2009 to 2021. The results show that an increase in H1B visa demand is negatively and significantly associated with Indian firm performance. These findings suggest that the US’s demand for high skilled labor overseas has consequences for firms in the home country.

The Untouchability Of Dalits: The Economic And Social Exclusion Of Dalits In The Post-Independence Era, Duhita Das

Senior Projects Spring 2021

This project examines whether economic development efforts in India were effective in mobilizing Dalits during the post-independence era. Global and national policy continue to fail to recognize the role caste plays in inequality and poverty, further excluding Dalits from gaining freedoms continuously rewarded to higher-castes. By taking a historical approach when examining the caste system and its persistence in economic and social structures in the modern era, there can be a greater understanding of how Dalits remain excluded from major institutions and struggle to mobilize, regardless of the gaining of constitutional rights. From a chronological perspective, this project investigates the …

Demystifying Poverty In Tourism: Looking Into Pro-Poor Tourism In India, Sara Burke

International Political Economy Theses

Poverty and tourism have a unique relationship; poverty can serve as a form of tourism or poverty can create barriers that hinder the development of the tourism sector. There is no better example of the complicated interplay between poverty and tourism than India. The use of Pro-Poor Tourism (PPT) as a methodological lense that can be applied to any form of tourism shows howthe poor can benefit from the sector. This International Political Economy thesis is broken into three parts: a context section, a case study, and a policy proposal. The first part will focus on Pro-Poor Tourism in an …

The Wealth Of Nations And The Advancement Of Collective Security, Kerry Daniel Good

Senior Honors Theses

This thesis will address the economic development of countries from the strategic perspective of the United States, and consider how this development will progress overlaid in the context of the Chinese framework for the projection of national power. Using an inter-disciplinary approach, this research will synthesize sources on national security policy and economics, while seeking a Christian apologetic framework to answer these questions: How can the United States promote the economic development of countries in the Asia-Pacific region using a biblical economic-development model, as a part of its national strategy? This thesis focuses on some of the political and socio-economic …

The Impact Of Cleft Lip And Palate Repair Surgery On Cognitive And Academic Outcomes For Teens In India, R Jeremiah Maller

Master's Theses

India has a backlog of nearly one million patients in need of cleft lip and palate repair. Unrepaired cleft results in social stigma and diminished health, psychological wellbeing, and academic functioning. Cleft repair surgery has the potential to restore functioning in these domains. However, the magnitude of the social, educational, and economic impact of cleft repair surgery has not been evaluated using statistically rigorous methods. An estimation of the academic and educational impact of cleft repair has implications for the appropriate allocation of public health resources. We analyze original data gathered from teenagers in West Bengal, India using the difference-in-differences …

The Environmental Effects Of Economic Growth Of China And India Its Impact On Brazil, Russia, India, China, And South Africa (Brics), Shonjira Chaiwat

Capstone Projects and Master's Theses

This capstone discusses the environmental effects of economic growth, focusing on China and India and its relations with the BRICS pact. China and India have an impacted increasing population within their borders. With the increase of population and struggles for economic growth, these countries are creating a detrimental environment. In this capstone, I review the theory of ecological civilization as well as the Kuznet Curve Hypothesis. Although within the past few decades the BRICS have used unsustainable practices, they have signed the Paris Climate Agreement in order to combat climate change, which means they will use more sustainable methods for …

A Study On Air Pollution And Environmental Challenges In Chennai City, R. Dhanalakshmi Ph.D.

International Review of Business and Economics

Environmental pollution is a severe issue in both developed and developing countries. Pollution is defined undesirable state of natural environment being contaminated with harmful substances as a consequence of human activities. There is clear relationship between the growth manmade green house gas emissions and observed environmental climate change are claimed by policymakers. The most important causes of air pollution are human economic activities such as use of vehicles and industrial operations mainly in Chennai city. Air pollution is various types such as noise, water, air. It causes damages that are normally inflicted in society at large rather than on those …

Impact Of Air Pollution In Tamil Nadu, A. Premkumar, V. Vinoth

International Review of Business and Economics

This paper outlines the impact of air pollution in Tamil Nadu. Air pollution is the any form of solid, liquid and gaseous substance present in the atmosphere that may or tend to be injurious to human beings, other living creatures, plants, property or the environment in general. Air pollution is probably one of the most serious environmental problems confronting our civilization today. Most often, it is caused by human activitiessuch as mining, construction, transportation, industrial work, agriculture, smelting, etc. However, natural processes such as volcanic eruptions and wildfires may also pollute the air, but their occurrence is rare and they …

Voices Of Women: The Impact Of Women's Political Reservations On Female Child Mortality In India, Kohsheen Sharma

Scripps Senior Theses

This paper uses state-level variation in the implementation of the 73rd amendment in India to observe the relationship between political reservations for women in local government and female child mortality. Nationally, reservations for women are not associated with a statistically significant difference in female child mortality. However, a state by state analysis shows variations in the level of impact of reservations on the topic of female child mortality. This paper examines the constraints on female representatives and their level of effectiveness in executing pro-female policies given the political and social environment. The two case studies on Kerala and Haryana explore …

Is There A Path For Green Growth? Evidence From India, Thuc Anh Thi Trinh

Gettysburg Economic Review

This paper uses historical temperature fluctuations in India to identify its effects on economic growth rates. Using a climate-adjusted form of the Solow growth model, I find that one degree Celsius increase in temperature decreases GDP per capita growth by 0.71%. This finding informs debates over the role of climate on economic development and suggests the possibility of a green path for economic growth, a policy agenda that is both sustainable and pro-growth.

Crafting Chaos: The Classification Of Unilateral Transfers Under The Current Account At Bretton Woods And Its Impact On Remittances To The Indian State Of Kerala, Anish Gawande

Undergraduate Economic Review

This essay aims to analyse the classification of unilateral transfers under the current account at Bretton Woods despite significant opposition from larger delegations of major Allied powers, bringing to the forefront the global liquidity of remittances in the post-War years permitted by their fully currency convertible nature. Using the example of the Indian State of Kerala, this paper charts the relevance of their sustained uninterrupted flow to their subsequent exponential growth in the last three decades, using the case study as a pivot to argue for better policy measures that maximise their multiplier effect.

How Global Rules And Markets Are Shaping India’S Rise On The International Stage, Aseema Sinha

CMC Faculty Publications and Research

Over the last quarter century, India has shifted from a hesitant economic power to a confident player on the international stage. In her new book, Aseema Sinha draws on extensive research to ask where this global activism has come from, and considers the international dimensions of domestic change. Here she discusses how her findings challenge standard narratives on globalisation and the supposedly homegrown character of India’s reform trajectory.

Evaluating Stolper-Samuelson: Trade Liberalization & Wage Inequality In India, Anthony M. Michael

Master's Theses

This paper tests the predictions of the Stolper-Samuelson Theorem in India after it underwent major trade reform in 1991. Using industry level tariff data, the paper empirically examines trade liberalization’s effect on the wages of high-skilled labor relative to low skilled labor within firms. The study finds empirical evidence to support growing wage differentials within firms, which contradict the predictions of the Stolper-Samuelson Theorem. Additionally, when controlling for firm size and the effects of the global financial crisis, these results remain robust. Finally, the paper explores training and welfare and R&D’s effect on the wage differentials within firms, finding a …

Crowded Out: The Effect Of Sex Ratios On The Sex Worker Labor Market And Migration In India, Michael Dickerson

Master's Theses

India’s skewed sex ratios have lead to the destruction of marriage markets in many villages as well as an increase in violence against women. This paper examines how India’s distorted sex ratios effects the migration of sex workers. By using a modified gravity model of migration the results in this paper indicates that an over supply of sex workers in a local market leads to a crowding out effect, and pushes the women to migrate to districts with more men than women. This paper contributes to the literature by bringing more clarity to how the labor market impacts the decisions …

The Power Of The Brics In World Trade And Growth, Analysing The Macroeconomic Impacts Within And Across The Bloc, Ahmed Khalid

Ahmed Khalid

Extract: The BRICS is a composition of five emerging economies: Brazil, Russia, India, China and South Africa. The five countries together represent about 42 per cent of the world's population, over 24 per cent of all land, and about 20 per cent of the world's total GDP, contributing a combined nominal GDP of more than US$14.9 trillion. Over the past decade trade between the BRICS and other regions such as North America, the EU and Japan has surpassed the US$2 trillion mark. Trade within the BRICS countries is growing at an average of 28 per cent per annum, reaching more …

The Political Economy Of Export Restrictions: The Case Of Vietnam And India, Kathy Baylis, Murray E. Fulton, Travis Reynolds

Kathy Baylis

No abstract provided.

Effects Of Export Restrictions On Domestic Market Efficiency: The Case Of India’S Rice And Wheat Export Ban, Kathy Baylis, Maria Christina Jolejole-Foreman, Mindy Mallory

Kathy Baylis

The use of export restrictions has substantially increased in recent years. While a number of papers show how these restrictions have increased world commodity prices, in this paper, we empirically estimate how one country’s export restrictions affected the efficiency of their domestic market. We use a threshold cointegration model to estimate the integration between selected wheat and rice markets in India before and during the export bans and test whether those bans exacerbated the price effects of domestic production shocks. We find that before the ban, the majority of port markets for rice and wheat are integrated with the world …

Professional And Trade Associations In A Nascent And Formative Sector Of A Developing Economy: A Case Study Of The Nasscom Effect On The Indian Offshoring Industry, Nir Kshetri, Nikhilesh Dholakia

Nikhilesh Dholakia

As important sources that shape institutional structures in an economy, professional and trade associations play significant roles in bringing and legitimating institutional changes. This paper examines the roles of professional and trade associations' impacts on institutions associated with a nascent and formative sector of a developing economy. In empirical terms, the paper offers an in-depth case study of India's National Association of Software and Services Companies (NASSCOM) on institutional changes related to the offshoring industry. The NASSCOM case shows that under appropriate conditions, professional and trade associations represent an alternative to the state in shaping the industry landscape.

Testing For Weak Form Market Efficiency In Indian Foreign Exchange Makret, Anoop Sasikumar

Anoop Sasikumar

This paper attempts to examine the weak form of market efficiency in the Indian foreign exchange market using a family of variance ratio tests. Monthly Nominal Effective Exchange Rate (NEER) data from April 1993-June 2010 were used for the analysis. NEER series was considered for the analysis as it is supposed to capture more information compared to the bilateral exchange rates. Three individual variance ratio tests as well as three joint variance ratio tests were used for the purpose of analysis. After analyzing the results from both individual and joint variance ratio test, it was concluded that Indian foreign exchange …

An Analysis Of Presence Of Long Memory In The Indian Foreign Exchange Market, Anoop Sasikumar

Anoop Sasikumar

This paper seeks to analyze the presence of long memory in the Indian foreign exchange market using a family of tests. The study has used Nominal Effective Exchange Rate (NEER) series as the data source to check the possible presence of long memory. Three R/S statistics viz. Hurst, Mandelbrot’s and Lo’s modified R/S statistics as well as two semi-parametric tests viz. Robinson’s Gaussian semi-parametric estimate and Andrews-Guggenberger modified GPH estimator are used for the purpose of analysis. All the results conclusively prove the presence of strong version of long memory in the Indian foreign exchange market.

The Great Indian Growth Puzzle: What Caused A Spike In 2003?, Aditya Bindal

CMC Senior Theses

This paper will employ unit root tests for finding structural breaks endogenously among India’s key macroeconomic aggregate series, as well as their components and subcomponents. The same analysis will be repeated, wherever data are available, for states. The results from these unit root tests will then be used in regression models for national and state level data to understand the causes behind structural breaks. We find that breakpoints cluster around 1982 and 2003 for most series at the national and state level. The services component appears to be a promising candidate for explaining the 2003 structural break in some of …

Effect Of Monetary Incentives On Institutional Deliveries: Evidence From The Janani Suraksha Yojna In India, Ambrish A. Dongre

Ambrish A Dongre

This paper is the fi#12;rst attempt to rigorously evaluate the short term e#11;ffects of the `Janani Suraksha Yojna' (Safe Motherhood Scheme), a nationwide conditional cash transfer program in India, launched in April 2005. Under the scheme, a woman delivering her child in a medical facility is provided monetary rewards.

My diff#11;erence-in-di#11;fference results indicate that in the initial one and a half years of its operation, the scheme did not have any eff#11;ect on the disparity between the targeted and non- targeted states. In fact, the gap widened in this period, albeit marginally. But beginning from 2007, the targeted states have …

The Drivers And Dynamics Of Illicit Financial Flows From India: 1948-2008, Dev Kar

Dev Kar

This study examines the magnitude of illicit financial flows from India, analyzing the drivers and dynamics of these flows in the context of far-ranging reform. In the process, it represents perhaps the most comprehensive study on the subject matter, both in terms of the range of issues involved and the time span covered. At its heart is a dynamic simulation model which seeks to capture the complex interplay of economic, structural, and governance issues that underlie the generation and cross-border transfer of illicit capital. Due to the random nature of illicit flows, this model cannot be used to forecast such …

Professional And Trade Associations In A Nascent And Formative Sector Of A Developing Economy: A Case Study Of The Nasscom Effect On The Indian Offshoring Industry, Nir Kshetri, Nikhilesh Dholakia

College of Business Faculty Publications

As important sources that shape institutional structures in an economy, professional and trade associations play significant roles in bringing and legitimating institutional changes. This paper examines the roles of professional and trade associations' impacts on institutions associated with a nascent and formative sector of a developing economy. In empirical terms, the paper offers an in-depth case study of India's National Association of Software and Services Companies (NASSCOM) on institutional changes related to the offshoring industry. The NASSCOM case shows that under appropriate conditions, professional and trade associations represent an alternative to the state in shaping the industry landscape.

Women Head Of The Village Councils And Water Borne Diseases, Ambrish A. Dongre

Ambrish A Dongre

This paper examines the relation between prevalence of water- borne diseases and gender of the head of the village councils by exploiting a `natural experiment' in local governance in India. A constitutional amendment in early 1990s ensured that only women could be the head in at least one- third of the village councils selected randomly. Utilizing a unique sample survey, we show that having a woman as the council head seems to have no effect on the prevalence of water borne diseases. But if we look into the sub- categories of the women council heads, we find that the women …

Why Brazil Has Not Grown: A Comparative Analysis Of Brazilian, Indian, And Chinese Economic Management, Fernando Ferrari, Anthony Petros Spanakos

Department of Political Science and Law Faculty Scholarship and Creative Works

This paper does not aim to dispute that Brazil would benefit from reforms in any or all of these areas. Rather, the paper offers a skeptical perspective on reform menus and proposes an alternative explanation for the faster growth of Brazil’s peers India and China2. The paper begins by introducing (section 1) the idea of the BRICs countries, to establish the basis for comparisons of most similar cases. It then surveys the results of a generation of Washington Consensus era growth (section 2). Although there is a considerable amount of divergence over what causes growth, it seems that something approaching …

India’S Unlikely Democracy: Economic Growth And Political Accommodation, Aseema Sinha

CMC Faculty Publications and Research

There is no doubt that India’s democracy has become stable, yet economic change could create distributional conflicts and stresses on its democratic institutions. Economic change and liberalization have served to reinforce and further stabilize democracy rather than undermining it. This has happened partly because of the nature of economic and social transition, which has allowed the rich many options in the private, urban, and global economy. Simultaneously, the poor are divided and seek redress through electoral and democratic channels. Weak coalition governments in the 1990s have responded to claims from the poor contributing to the continuing stability of Indian democracy.