This study investigates the determinants of savings behavior in India and the direction of causality between savings and income per capita as these have important implications for development policy. We estimate long-run savings functions for India using modern co-integration procedures. Our...

India opened up its stock market in the early 1990s allowing the Foreign Institutional Investors (FIIs) to invest in the Indian Stock Markets. It is widely believed that FIIs are the most volatile investors in the Indian stock market. It is also noticed that generally stock market volatility...

The literature regarding the impact of government expenditure on economic growth is at best mixed. Given the conflicting results, we examine the impact of government developmental expenditure on India’s economic growth. Our study spans the period from 1950 to 2007. We have employed standard...

Over the years, there has been extensive research on the relationship between a country’s export and economic growth with ambiguous and mixed results. The mixed results are due to bi-variate approach used in the analysis and periodisation (combining both import substitution and export...

In recent times, regional trade agreements (RTAs) have become an important factor driving global trade. Though the literature on RTAs continues to grow, few studies highlight the development dimensions of RTAs envisaged in the Doha Development Agenda of the World Trade Organization. In this...

Though Japan had been one of the top five investors in India for long, its share in India’s total FDI inflows has been dwindling since 2000. Other countries have surpassed Japan in terms of their investment and market share in the Indian economy. In this context, this study attempts to analyse...

The importance of private sector participation and public-private partnerships (PPPs) in promoting infrastructure development in the Asian region has been significant. Though there are several studies which have highlighted the role of PPPs in infrastructure in East and South East Asia, few...