We use the argument of Lutkepohl (1982), and Ahsan, Kwan, and Sahni (1992) to model causal relation between public expenditure and national income growth in India during the period 1951-1989. The "omitted" variable considered is the rate of growth of Ml. It is revealed that the pattern of...

The policy of allocation of food grains under rationing has been very ad hoc in India with allocation being fixed on a 'historical basis'. This paper uses four sets of pooled equations for predicting stable levels of per capita consumption of rice and wheat in physical terms in rural and urban...

In this paper we propose a new method of splitting up the Bid-Ask Spread of the wholesalers in grain markets into its three constituent components: the order processing costs, the adverse information cost and the inventory holding cost. It is argued that the extant methods of splitting up this...

We investigate the market microstructure of the wholesale markets for rice in India. We propose a general method of splitting the wholesale bid-ask spread into its three constituent components: the order processing costs, the adverse information costs and the inventory holding costs. The bid-ask...