In the present study it is argued that policies to achieve reduction in regional inequalities in industrialization in India so far have been guided by theories emphasizing the role of supplies of factors of production, particularly capital stock. This has resulted in only increasing the...

Return and risk are the two acknowledged characteristics affecting investment decision of investors in securities market. The literature on the relationship between these two characteristics provides ample evidence about the interdependencies between them. The present study takes a view that...

This paper estimates the short-run aggregate supply curve for the Indian economy over the period 1950-51 to 2008-09. Methodological improvements in this paper include the technique of estimating adaptive expectations, constrained estimation consistent with long run equilibrium, and introduction...

The 11th Five-Year Plan of India emphasizes the wider and better coverage of services, such as primary healthcare for the majority of population. For this purpose, various healthcare related programmes have aimed at the vulnerable sections of the society traditionally using social criteria like...

Income originating within geographical boundaries of urban and rural areas of Gujarat is estimated for three benchmark years – 1993-94, 1999-00 and 2004-05 - at current prices following the broad methodology and data sources prescribed by the CSO. This is the first such effort made at the...

Traditional concept of the Sacrifice Ratio measures the loss of potential output sustained by the society in the medium term to achieve reduction in the long-run inflation by one percentage point. This concept is critically examined and generalized to include episodes increasing the long-run...

In this paper, we have attempted to estimate the urban – rural income differential (URID) for 15 major states based on readily available data on GSDP by sectors, population and employment by sectors and urban – rural residence. There are three components of the URID, viz., worker population...

Current monetary policy stance is based on assertions that there is no trade-off between inflation and growth and that disinflation will result in more growth. Present study examines recent empirical evidence on India for the direction of causality for growth and inflation, and short-run costs...

It is hypothesised that the tax revenues of a state economy would be sensitive to the macroeconomic performance of the state economy measured in terms of inflation and the growth of real income. The case of Gujarat state over the period 1980-81 to 1997 to 98 is considered for examining this...

This paper considers a partial adjustment model of the export supply function in Indian economy at the aggregate level. A minimum of one month and a maximum of 12 months is considered as the plausible range of the length of lags in exports supply in India with respect to both the independent...