The exchange rate in India had not been fully floating until the financial year 1992-1993. Even after this the exchange rate market has required intervention on many occasions by the Reserve Bank of India that sold US dollars in the spot and forward markets. Based on the theoretical foundations,...

The experience of developing countries suggests that financial integration helps in the growth of capital markets but it may adversely affect the volatility of share prices and stock market efficiency if Capital market reforms are not appropriate. Hence, the objective of the present study is to...

Literature suggests that there might exist some correlationship between the financial sector and capital market development, and the growth of real GDP. There have been several studies on this subject but the results are inconclusive. Hence, the objective of the present study is to contribute to...

The present study is based on the data for 58 large Central Public Sector Enterprises (CPSE) manufacturing/producing goods as well as data on industry groups provided by the Department of Public Enterprises, Ministry of Industries, Government of India for the period 1990-91 to 1998-99. The 58...

This paper attempts to show that the cultural heritage is a capital good and it is a fusion of human skill capital and social capital. While the role of human skill capital in economic development is well known, the definition and the role of social capital has not yet clearly understood....

The drought of 2002 has brought home the critical need for a short-term forecasting model for the agriculture sector at sub-national level, since good and bad agricultural years are not synchronous across states. This paper attempts forecasting through the fitting of univariate ARIMA models to...