We examine the output elasticity of infrastructure for four South Asian countries viz., India, Pakistan, Bangladesh, and Sri Lanka using panel cointegration techniques for the period 1980--2005. In this context, we develop an index of infrastructure stocks and investigate the impact of...

India's economic relations with its neighbors are important for the stable and peaceful development of the South Asian region and for its own security. In a globalized world, economic relations play a major role in deciding political relations and collaboration at multilateral fora. In the...

Trading in commodity derivatives on exchange platforms is an instrument to achieve price discovery and better price-risk management besides helping the macroeconomy with better resource allocation. In the 2008–2009 budget, the Indian government proposed to impose a commodity transaction tax...

With the increased financial integration of Asian countries, monetary policy takes on the additional role of maintaining the stability of the financial system along with the traditional objectives of promoting growth and employment with price stability. Given the importance and relevance of...

Given the limited capital flows to developing countries in South Asia, domestic savings is the primary source of investment and growth. Financial sector development and access to financial institutions are important determinants of savings ratios in developing countries. In this context, we...

India's exports of modern services have grown consistently over the last three decades and more so since 1991. Sustaining modern services exports (MSEs), which in India enjoy comparative advantage, is important for sustaining service-led growth and maintaining stability on the external sector....

After the formation of NAFTA (North American Free Trade Agreement) in 1994,USA's imports of textiles and clothing items have clearly shown a trend in favor of the Latin American suppliers, particularly Mexico, which is a member of NAFTA. Though India maintains a very low share in the global...

Trade policy reforms constitute the core of economic reforms in India. This paper analyzes India s external sector while highlighting the positive impact of India s trade policy reforms. The trends in India s foreign trade, changes in the composition and direction of India s exports and imports...

Trading in commodity derivatives on exchange platforms is an instrument to achieve price discovery, better price risk management, besides helping macroeconomy with better resource allocation. Though the volume of commodity futures trade increased exponentially after the withdrawal of prohibition...