The textile industry in India, especially cotton textiles, has been going through a major transition since the 1992 round of trade and regulatory policy reforms. The transition has slowed down, but by no means ended, during the export and industrial recessions of 1996-7 and 1997-8. Given its...

This paper provides evidence on the role of large shareholders in monitoring company value from a developing country, India, whose corporate governance system is a hybrid of the ousider-dominated-market-based systems of the UK and the US and the insider-dominated-bank-based systems of Germany...

This paper proposes a new method to break up the bid-ask spread in wholesale rice markets into its three components and applies the methodology to twelve major rice centers in India. The proposed methodology is claimed to be superior to the extant methods such as those of Stoll (1989) and...

Based on an analysis of dynamic inter-related factor demand functions estimated for different industry groups over the period 1960-61 to 1993-94, the present study provides evidence of existence of significant adjustment lags in employment which can complement other documented factors in...

A new specification of the supply function of commercial bank credit is employed to examine the degree of endogeneity of broad money, and its response to certain structural variables in the Indian context. The specification allows us to avoid the identification problems that occur in a single...

This paper presents estimates of rural and urban poverty and inequality for the 61 constituent "regions" of India's 16 major states in 1987-88, based on National Sample Survey data. The estimates are also used for preliminary investigation of selected issues, including the regional patters of...

Existing theoretical and empirical literature do not unambiguously support the hypothesis that entry necessarily fosters competition. Entrant firms may strategically differentiate their products to avoid unbridled competition with incumbents. Given that there is considerable scope for product...