Policy plays a significant role in nation building. This paper attempts to highlight the role of policy issues in bringing about rural transformation. India has its own peculiarities in both demographic and economic terms when we closely observe the urban and rural areas and its associated...

Based on the primary data collected from 182 rural households from seven villages (five of which are inhabited by indigenous population and the rest two are inhabited by immigrants Muslim population from Bangladesh) this study aims at knowing if cultural variables make a difference to economic...

An imperative need has arisen to provide a Constructive push to the President Bush. American population, Corporate units, Expatriates and all nations with their currency related to US $, are not happy in the current $ dipping situation. Even the currencies of poor nations are galloping upward in...

Privatization in India is mostly limited to the diffuse sale of minority stakes in firms. Since control rights have not been transferred to private owners it is widely contended that the process has had little impact on firm behavior. We find however that even the sale of minority stakes has a...

Certain regulations in developing countries have often been cited as impediments to progress. This paper considers one facet of these regulations - labor laws - and investigates whether these have detrimental effects on firm location and investment decisions. Conventional wisdom holds that...

The article talks about the development of higher education in India and addresses possible means of financing it. The current educational system in the country is discussed and the concentration by the State on higher and technical education is looked at. The article further says that the...

Share buybacks have become a common event in the financial markets worldwide. In a share buyback programme, the company distributes the excess cash flow among the shareholders by way of repurchasing its own shares, generally at a premium. Among the various reasons for doing so, the most...

Using three alternative models that incorporate the behavior of both credit constrained and unconstrained firms in a theoretically consistent manner, this paper presents evidence on the effects of economic liberalization of 1991 in India. Two robust conclusions emerge from the estimation of the...

This paper analyzes patterns of foreign direct investment in India. We investigate how labor conflict, credit constraints, and indicators of a state’s economic health influence location decisions of foreign firms. We account for the possible endogeneity of labor conflict variables in modeling...

After decades of slow growth since Independence from the British Raj, Indian economy registered its own small miracle, when growth rate of GDP per capita surpassed the long term growth rate of many advanced economies. What caused this miracle? In this paper, we search for an answer in the...