{"title":"Impact of Global Integration on the Economic Growth of India and China","authors":"","doi":"10.35716/ijed/22076","DOIUrl":"https://doi.org/10.35716/ijed/22076","url":null,"abstract":"The study investigated the impact of global integration on the economic growth of India and China for the period of 1979 to 2019. The Granger causality test validated the direction of the trade variables and their association with economic growth. The study revealed that all the taken variables had positively wedged to the economic growth of the sample economies except trade openness, which negatively impacted the economic growth in the long run. Aptitude to absorb the FDI flow and infrastructural investments could impact the economic growth of India, like its emerging counterpart, China, in the global market.","PeriodicalId":43367,"journal":{"name":"Indian Journal of Economics and Development","volume":" ","pages":""},"PeriodicalIF":0.2,"publicationDate":"2023-02-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48525712","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"An Economic Analysis of Milk Marketing Pattern in Haryana","authors":"","doi":"10.35716/ijed-22184","DOIUrl":"https://doi.org/10.35716/ijed-22184","url":null,"abstract":"The findings revealed that the overall marketed surplus was around 84 per cent, and herd size, price of milk, operational land holding and family size were significant factors influencing the marketed surplus of milk. Approximately 65 per cent of milk was disposed of through four traditional marketing channels identified in the study region. The marketing efficiency of channel-II involving Producer-Creamery-Consumer was estimated to be the highest (2.24), with a producer’s share in the consumer’s rupee at 69.10 per cent. The study advocated for strengthening the market infrastructure and including a large number of dairy farmers under a consolidated network of production, marketing and distribution to improve the farmers' profit and develop the dairy sector. Keywords: Marketed surplus, marketing efficiency, multiple regression model, traditional marketing channels. JEL Codes: C81, Q12, Q13","PeriodicalId":43367,"journal":{"name":"Indian Journal of Economics and Development","volume":"1 1","pages":""},"PeriodicalIF":0.2,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"69926114","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"An Agroecological Analysis of Livestock Wealth in India","authors":"","doi":"10.35716/ijed-22473","DOIUrl":"https://doi.org/10.35716/ijed-22473","url":null,"abstract":"This study aims to analyze the livestock population dynamics, adoption pattern of livestock and infrastructure facilities across different agroecological regions of India. The results revealed that more than 50 per cent of all livestock species were found in rain-fed areas. In irrigated region, 36 per cent of the livestock population depended upon 15 per cent of the geographical area. The cattle population growth rate declined for all regions because of a faster decline in indigenous cattle in all the agroecological regions. The number of crossbred cattle increased from 26 to 44 million among the cattle population at the India level. It may be due to the acceptance of insemination techniques with the expectation of high milk yield. Whereas, in irrigated region, the situation was very different, with a marginal increase in the share of crossbred cows. The findings indicated that India’s large and uniquely structured livestock sector was growing with compound annual growth of 4.3 per cent. For the sustainable development of the sector, suitable efforts should be taken to improve the genetic potential of indigenous cattle and buffalo and enhance the milk yield of crossbred cows by supportive technical, institutional and policy initiatives","PeriodicalId":43367,"journal":{"name":"Indian Journal of Economics and Development","volume":"1 1","pages":""},"PeriodicalIF":0.2,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"69926751","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Factors Affecting the Sustainable Development of Commercial Banks in Vietnam","authors":"","doi":"10.35716/ijed-23052","DOIUrl":"https://doi.org/10.35716/ijed-23052","url":null,"abstract":"This study aimed to investigate key factors influencing the long-term development of commercial banks using a survey of 450 bank managers and structural equation modelling (SEM). The results revealed five aspects influencing sustainable development: Economic, social, environmental, sustainable goods, and digital banking. Based on the research findings, the author advocated for a national environmental and social policy framework that required corporate organizations to establish environmental and social risk management policies based on a national policy framework for sustainability. Risk management strategies and methods should be implemented in internal operations and risk management in lending to consumers and business partners. Finally, boosting economic soundness, efficiency, and sustainability through growing own capital capacity, asset quality, effective management, and non-credit income. Keywords: Bank, commercial, development, policy, sustainable JEL Codes: A13, P34, Q01.","PeriodicalId":43367,"journal":{"name":"Indian Journal of Economics and Development","volume":"1 1","pages":""},"PeriodicalIF":0.2,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"69928195","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Awareness towards Corporate Social Responsibility: A Study of Beneficiaries from Rural Punjab","authors":"","doi":"10.35716/ijed-22196","DOIUrl":"https://doi.org/10.35716/ijed-22196","url":null,"abstract":"The present study was carried out to understand the awareness level of the beneficiaries of various corporate social responsibility programs regarding the responsibilities of companies under these programs. The outcomes of this study included the awareness level of respondents about the term Corporate Social Responsibility, various areas of CSR programs that companies can work in, and the activities listed under the CSR law. Companies may benefit highly from this CSR awareness as this will further result in an improved image of the organizations through an effective, transparent, and trustworthy projection of their CSR actions. Even though the present study was limited to three districts of Punjab, the insights from this study can help companies to design newer, better CSR policies, considering the perspectives of the people and the policy-makers. Keywords: Economic development, social development, societal upliftment. JEL Codes: L31, M14, Q01","PeriodicalId":43367,"journal":{"name":"Indian Journal of Economics and Development","volume":"1 1","pages":""},"PeriodicalIF":0.2,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"69926123","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Price Behaviour and Market Integration Amongst the Major Potato Markets in India","authors":"","doi":"10.35716/ijed-22510","DOIUrl":"https://doi.org/10.35716/ijed-22510","url":null,"abstract":"Variation in potato output over time causes wide price fluctuations, subjecting its producers to a high-risk situation. Using a monthly wholesale price of potato from January 2012 to December 2020, the current study examined the price behaviour of major potato-producing and consuming markets. The study employed correlation analysis, the Johansen Co-integration Test, the Vector Error Correction Model, and Granger Causality test. As determined by the seasonality index, farmers received higher-than-average prices between June and December. Johansen's co-integration result demonstrated that all the selected markets were well integrated in the long run. The Patna market had the fastest adjustment rate (80 per cent), followed by the Mumbai market. Most states had uni-directional price transmission, with Patna being the only state to establish a bidirectional flow of potato prices with the Kolkata market. The Delhi market was discovered to be the key market influencing the prices of all other markets. Keywords: Co-integration, Granger causality, instability, price transmission. JEL Codes: C21, C23, C32, Q13.","PeriodicalId":43367,"journal":{"name":"Indian Journal of Economics and Development","volume":"1 1","pages":""},"PeriodicalIF":0.2,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"69926881","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Telecom and Economic Growth Nexus in Indian States: Empirical Investigation Using Pooled Mean Group","authors":"","doi":"10.35716/ijed-22142","DOIUrl":"https://doi.org/10.35716/ijed-22142","url":null,"abstract":"The paper examined the linear and non-linear relationship between telecom infrastructures and economic growth using data on Indian states from 1991-2017. The results from Pooled Mean Group show that the linear impact was positive. The non-linear effect was positive in the short and the long run, thus favouring network externalities claiming that telecommunication infrastructure was subject to increasing returns. In addition, segregated analysis arrived at exceptional results; absence of linear and non-linear relationship for the low-income states in the short run while the same exists for high penetration states; the long run results were positive and significant for both sets of states, magnitude was more for low penetration states. The positive non-linear returns can be interpreted along the financial inclusion element like JAM trinity, LPG subsidies, etc. Mobile telephony in the low-penetration states must be pushed to remove inroads in growth and help to garner a larger private investment and public welfare. Keywords: Dynamic estimation, gross domestic product, network externalities, teledensity. JEL Codes: C23, L96,O40, O50.","PeriodicalId":43367,"journal":{"name":"Indian Journal of Economics and Development","volume":"1 1","pages":""},"PeriodicalIF":0.2,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"69926083","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Estimation of Cost and Returns of Onion Cultivation in Haryana","authors":"","doi":"10.35716/ijed-22280","DOIUrl":"https://doi.org/10.35716/ijed-22280","url":null,"abstract":"The present study adopted purposive sampling to sample 200 respondents from the Mewat and Ambala districts of Haryana during 2019-20 to estimate the cost and returns in the cultivation of onions in Haryana. The data were analysed using average, percentage, t-test, and ANOVA. The study revealed that the working capital, average variable cost and total cost, gross return and net return were highest in the case of large-sized, followed by medium and small farmers in both districts. Large-sized farmers recorded the highest benefit-cost ratio. Further, a reverse pattern was observed in the cost of production of onion; that is, the highest cost of production was observed in the case of the small farmers, followed by medium and large farmers. The study suggested that small farmers should avail the latest technology through cooperatives or through custom hiring, which will reduce the cost and bring more returns.","PeriodicalId":43367,"journal":{"name":"Indian Journal of Economics and Development","volume":"1 1","pages":""},"PeriodicalIF":0.2,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"69926221","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Remittances and Dutch Disease in India: An Empirical Investigation using ARDL","authors":"","doi":"10.35716/ijed-23022","DOIUrl":"https://doi.org/10.35716/ijed-23022","url":null,"abstract":"Workers' remittances are an essential source of capital flows. Some authors considered workers' remittances to be the least volatile flow of capital. Therefore, it becomes all-important to evaluate the impact of workers' remittances and other economic variables on the Real Effective Exchange Rate of Indian currency using annual time series data from 1981 to 2018. Using the Autoregressive Distributed Lag bounds test, our results confirmed the long-run association of variables under study. Empirical findings suggested that remittance inflows appreciate the REER in both the long and short run. Using ARDL estimation, our results found evidence of Dutch disease in the Indian economy induced by inflows of workers' remittances. Regarding other control variables, the only determinant of REER was Terms of Trade, which depreciated the REER in the long and short run. In contrast, other variables only depreciated in the long run. We conducted the Error Correction Model test, revealing that REER converged to the long-run equilibrium path to 40 per cent of the time in successive periods. Also, our results recommend that the inflows of remittances should be formally channelized to some productive channels to reduce the consumption of non-traded goods. Keywords: ARDL, Dutch disease, error correction model, real effective exchange rate, workers' remittances. JEL Codes: C01, F24, F31","PeriodicalId":43367,"journal":{"name":"Indian Journal of Economics and Development","volume":"1 1","pages":""},"PeriodicalIF":0.2,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"69928125","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Validation of Growth Rate Estimate Using Spline Regression Technique for Green Gram Production in Odisha","authors":"","doi":"10.35716/ijed-23114","DOIUrl":"https://doi.org/10.35716/ijed-23114","url":null,"abstract":"The varying pattern of agriculture data in different phases over a long period could be thought of capturing effectively by the spline regression technique. The present study focuses on using spline regression in estimating the growth rate of production of green gram for Odisha. This technique requires the segmentation of the entire study period into distinct periods by inserting knots at suitable intervals. It ensures the same pattern of variation in a particular segment and an abrupt change in the pattern of variation in the next segment. The spline regression approach was compared to the conventional regression technique based on specific statistical criteria to confirm its performance. To estimate the growth rate of green gram in Odisha, spline regression models outperformed conventional regression models, which is why they were chosen for the first and last segments of the study period for area, yield, and output. Keywords: Continuity, growth rate, knot, segment, spline regression. JEL Codes: B23, C32, G21.","PeriodicalId":43367,"journal":{"name":"Indian Journal of Economics and Development","volume":"1 1","pages":""},"PeriodicalIF":0.2,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"69928229","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}