The variance of logarithms is a widely used inequality measure which is well known to disagree with the Lorenz criterion. Up to now, the extent and likelihood of this inconsistency were thought to be vanishingly small. We find that this view is mistaken : the extent of the disgreement can be...

The Raghuram Rajan Committee was appointed by the Government of India to suggest methods for identifying backward States and to recommend the criteria for allocation of funds from the Central Government to the States. It is argued in this paper that the index of underdevelopment of states...

This paper constructs composite indices of globalization of 131 countries spread over the five continents and classified into World-I, World-II and World-III countries. KOF, the Business Cycle Research Institute in the Swiss Federal Institute of Technology, Zurich is the source of data used in...

The location of economic activity, in general, and of that of activities of business excellence (high-tech or knowledgeintensive businesses that have a low environmental impact), in particular, is not dependent on one single factor, but rather on a series of economic, geographical, social and...

As information and communication technologies have spread throughout the world, countries have realized the importance of investing more and more in building ICT-relevant infrastructure. However, for fostering further information and communication technology (ICT) development, countries are in...

The location of economic activity, in general, and of that of activities of business excellence (high-tech or knowledgeintensive businesses that have a low environmental impact), in particular, is not dependent on one single factor, but rather on a series of economic, geographical, social and...

Construction of (composite) indices by the PCA is very common, but this method has a preference for highly correlated variables to the poorly correlated variables in the data set. However, poor correlation does not entail the marginal importance, since correlation coefficients among the...

The process of globalization is an international economic order which has led to the progressive integration of the world economy through the pulling the barrier of trade and greater mobility of factors of production. In addition the technological innovation also provides impetus to the...