This study makes an attempt to examine the trend in Total Factor Productivity in the public sector enterprises by estimating and analyzing the contributions made by major factor inputs to the growth rate of not product originating in the public enterprises. It is divided into six sectors. After...

Union Budget 1998-99 was the maiden budget of the newly elected coalition government led by the BJP. There were apprehensions about the economic philosophy of the new government indicating the possibility of a reversal of tax reforms introduced in the earlier budgets. The Finance Minister sought...

The present study makes an attempt to assess, in quantitative terms, the contributions made by various factors to the observed rate of growth of Indian iron & steel industry during the post-war period. The analysis is conducted within the broad framework provided by the well-known neo-classical...

An attempt has been made in this study to estimate the functional distribution of national income in Indian economy during the period 1960-61 to 1990-91. The study presents the estimates of the factor shares of labour, land and capital (including enterprise) not only for the economy as a whole...

The main purpose of this paper is to examine the criteria used by official agencies to identify industrial sickness and highlight the limitations of such identification criteria especially in the context of the nature of remedial action that needs to be taken to deal with this problem. Available...

Comprehensive tax reform has always been an integral part of the overall package of economic policy reforms introduced in a large number of developing and newly industrialising economies in recent years. A crucial ingredient of the tax reform is a large scale reform of the existing system of...

The Union Budget for 1997-98 has been widely acclaimed as a historic budget. In view of the serious differences among different members of the coalition government on major economic issues ranging from the size of fiscal deficit to the level of administered prices & subsidies, the situation...

In the present paper, the dynamic aspects of regional variations in the economic growth are examined. Over the three decades of the fifties, sixties and seventies, the growth pattern in different provinces of Canada has undergone significant changes. These changes are more or less in the same...

Behavioral experiments conducted so far to establish existence of endowment effect as propounded by prospect theorists typically endow subjects with a single good. In this paper we depart from this setting by giving subjects initial endowment bundles which consist of two goods: chocolates and...

Real corporate governance requires tough financial regulators which effectively work to safeguard investors’ interests in securities and endeavour to create a proper environment for the securities market to develop. The financial regulators – Securities and Exchange Board of India, SEBI in...