Many countries in the developed world are ageing in terms of their distribution of population. Conversely, a number of countries in the south have younger population. India for example, has 60% of its population in the age group of 15-59, with the mean age close to 27 years as of present times....

The purpose of this research study has been to expand our understanding of the finance-growth ‘nexus’ to finance-growth-inequality ‘nexus’ in the presence of both the formal and the informal sources of borrowing. Using empirical evidence of IHDS Survey data for two rounds the study...

The paper attempts to analyse the nature and extent of decentralization in the Gram Panchayats, lowest tier of the local level governance in the rural areas of West Bengal. On the basis of the results of a large scale survey conducted across all the districts the paper highlights the fact that...

We develop a jackknife estimator for the conditional variance of a minimum-tracking- error-variance portfolio constructed using estimated covariances. We empirically evaluate the performance of our estimator using an optimal portfolio of 200 stocks that has the lowest tracking error with respect...

We consider singular diffusions on k. Under a verifiable criterion for the stability in distribution of such diffusions, a broad subset of the range of the infinitesimal generator of the diffusion is identified. For functions in this set functional central limit theorems and laws of iterated...

We develop a jackknife estimator for the conditional variance of a minimum tracking error variance portfolio constructed using estimated covariances. We empirically evaluate the performance of our estimator using an optimal portfolio of 200 stocks that has the lowest tracking error with respect...

In this paper, we study the asymptotic distribution of a recursively defined stochastic process where are d-dimensional random vectors, b, d -- d and [sigma]: d -- d x r are locally Lipshitz continuous functions, {[var epsilon]n} are r-dimensional martingale differences, and {an} is a sequence...