Meghalaya, the abode of clouds, is one of the smallest states in India having a geographical area of 22,429 sq km along with a forest cover of 9,496 km². The state is endowed with gift of nature such as lofty mountain ranges with interplay of lush green valley, cascading rivers, sprawling water...

In the extant literature a suggestion has been made to solve the nearest correlation matrix problem by a modified von Neumann approximation. This paper shows that obtaining the nearest positive semi-definite matrix from a given non-positivesemi-definite correlation matrix by such a method is...

Nagaland (India) presently has 36 colleges. Of them, 28 are private and 8 are government colleges. Private colleges enroll 14000 students and thus serve over 80 percent of the customers of college-level higher education. The market share of private colleges is increasing over time, while the...

India's globalization is a conscious and deliberate effort to permit the factors of production, the produce and the socio-economic forces to permeate across the national boundaries and remove any obstacle to such permeance. In short, it has been a deliberate decision to open up a national...

Multicollinearity in empirical data violates the assumption of independence among the explanatory variables in a linear regression model and by inflating the standard error of estimates of the estimated regression coefficients leads to failure in rejecting a false null hypothesis of...

Social sector with the objective to satisfy the welfare needs of the people and to correct the imbalances in the economy claims a sizeable proportion of the public expenditure and has emerged as a significant sector. This paper in this regard is a state level analysis on the growth of public...

The present study proposes an alternative method to construct an index of globalization which is based on the principle of almost equi-marginal contributions (AEMC) or Shapley values of the constituent variables to the overall index rather than the correlation coefficients among the constituent...

This paper proposes a method to construct composite index, which is a linear combination of several variables, by deriving weights on the criterion of Shapley value (from cooperative game theory) that a constituent variable has in making the composite index. In practice it is found oftentimes...

The entire education system of Bihar, starting from primary education to higher learning is plagued by corruption, inefficiency and disregard for quality. Although the Bihari youths have wonderful brains and amazing power of perseverance and tenacity to pursue and achieve their goals, Bihar is...

Narmadeshwar Jha was an economist in India who specialized on the economics of Alfred Marshall. Jha passed his MA from Patna University and did his Ph.D. in the University of Leeds, UK. He wrote his well-known book titled “The Age of Marshall: Aspects of British Economic Thought, 1890-1915”....