This paper attempts to formalise and integrate the roles of "rural push" and "urban pull" factors in rural-urban migration and urban unemployment. Perpetual indebtedness of the peasantry and a monopolistic moneylender, combined with the Harris-Todaro framework, constitute the model. Analysis...

This paper attempts to formalise and integrate the roles of "rural push" and "urban pull" factors in rural-urban migration and urban unemployment. Perpetual indebtedness of the peasantry and a monopolistic moneylender, combined with the Harris-Todaro framework, constitute the model. Analysis...

This paper presents an aggregative open-economy macro model for a developing economy facing a binding foreign exchange constraint. The model is not in the neoclassical tradition; it instead uses a Keynes-Kalecki framework of analysis to incorporate the features of such economies. The author has...

The paper evaluates the state of the corporate bond market in India and tries to understand the reasons for its subdued state. It shows that, unlike the government securities market, there is no incentive for either the buyers or the sellers of corporate debt securities to participate in this...

This paper provides a perception of the financial sector reforms undertaken in India since 1991 through the rise and decline of an All India Development Finance Institution (DFI). It traces the origin of the DFI, the various structural changes it underwent, the changing environment it faced, and...

Depleting energy resources have become the driving force for their conservation. Increasing the system efficiencies is one method by which sustainability of energy may be ensured, for which miniaturization has successfully provided solutions. Miniature heat exchangers, owing to their high...