Subjects -> BUSINESS AND ECONOMICS (Total: 3541 journals)
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ECONOMIC SYSTEMS, THEORIES AND HISTORY (235 journals)                  1 2 | Last

Showing 1 - 200 of 224 Journals sorted alphabetically
Ab Imperio     Full-text available via subscription   (Followers: 4)
Acta Economica     Open Access  
Acta Universitatis Sapientiae, European and Regional Studies     Open Access  
African East-Asian Affairs     Open Access   (Followers: 10)
African Economic History     Full-text available via subscription   (Followers: 20)
African Journal of Economic Policy     Full-text available via subscription   (Followers: 2)
African Journal of Sustainable Development     Full-text available via subscription   (Followers: 8)
African Research Review     Open Access   (Followers: 5)
AL-FALAH : Journal of Islamic Economics     Open Access  
Al-Iqtishad : Journal of Islamic Economics     Open Access   (Followers: 2)
Al-Tijary : Jurnal Ekonomi dan Bisnis Islam     Open Access   (Followers: 1)
América Latina en la historia económica     Open Access   (Followers: 3)
American Economic Journal : Economic Policy     Full-text available via subscription   (Followers: 175)
American Economist     Hybrid Journal   (Followers: 6)
An-Nisbah : Jurnal Ekonomi Syariah     Open Access   (Followers: 1)
Anuario de Estudios Centroamericanos     Open Access   (Followers: 2)
Aquaculture Economics & Management     Hybrid Journal   (Followers: 21)
ASAS : Jurnal Hukum dan Ekonomi Islam     Open Access   (Followers: 1)
Asian Bulletin of Energy Economics and Technology     Open Access   (Followers: 1)
Asian Journal for Poverty Studies     Open Access   (Followers: 4)
Asian Journal of Quality of Life     Open Access   (Followers: 1)
AUDITING: A Journal of Practice & Theory     Full-text available via subscription   (Followers: 13)
Australian Economic History Review     Hybrid Journal   (Followers: 8)
BioPhysical Economics and Resource Quality     Hybrid Journal  
Boletim de Conjuntura Econômica     Open Access  
Buletin Ekonomi     Open Access   (Followers: 1)
Bulletin of Economic Theory and Analysis     Open Access   (Followers: 2)
Business History     Hybrid Journal   (Followers: 22)
Business History Review     Hybrid Journal   (Followers: 16)
Cadernos do Desenvolvimento Fluminense     Open Access  
Cahiers du GRM     Open Access  
Ciencias Económicas     Open Access  
Comparative Economic Studies     Hybrid Journal   (Followers: 6)
Competition and Regulation in Network Industries     Full-text available via subscription   (Followers: 7)
Con-texto     Open Access  
Conjuntura Austral : Journal of the Global South     Open Access   (Followers: 2)
Construction Economics and Building     Open Access   (Followers: 4)
Contemporary Economic Policy     Hybrid Journal   (Followers: 9)
Contemporary Economy     Open Access  
Contemporary Review of the Middle East     Full-text available via subscription   (Followers: 10)
Cooperativismo & Desarrollo     Open Access  
Corporate Governance and Sustainability Review     Open Access   (Followers: 2)
Croatian Review of Economic, Business and Social Statistics     Open Access  
Cuadernos de Economía     Open Access  
Cuadernos de historia. Serie Economía y Sociedad     Open Access  
Cuadernos del CENDES     Open Access  
Cultura Económica     Open Access  
Development Management     Open Access   (Followers: 1)
E-Jurnal Ekonomi Pembangunan Universitas Udayana     Open Access  
Eastern European Countryside     Open Access   (Followers: 2)
Econometric Research in Finance     Open Access  
Econometric Theory     Hybrid Journal   (Followers: 20)
Econometrics     Open Access   (Followers: 9)
Econometrics and Statistics     Hybrid Journal   (Followers: 1)
Economía : Teoria y práctica     Open Access  
Economía Mexicana. Nueva Época     Open Access   (Followers: 1)
Economia Politica     Hybrid Journal   (Followers: 42)
Economía UNAM     Open Access  
Economia y Sociedad     Open Access   (Followers: 1)
Economía y Sociedad     Open Access  
Economia, Sociedad y Territorio     Open Access  
Economic Analysis     Open Access   (Followers: 4)
Economic Anthropology     Full-text available via subscription   (Followers: 18)
Economic Education Analysis Journal     Open Access  
Economic History of Developing Regions     Hybrid Journal   (Followers: 6)
Economic Journal of Emerging Markets     Open Access   (Followers: 1)
Economic Research-Ekonomska Istraživanja     Open Access  
Economic Theory     Hybrid Journal   (Followers: 18)
Economic Theory Bulletin     Hybrid Journal   (Followers: 1)
Economica : Jurnal Ekonomi Islam     Open Access   (Followers: 1)
Economics and Law     Open Access   (Followers: 3)
Economics Bosowa     Open Access  
Economics Development Analysis Journal     Open Access   (Followers: 5)
Economics of Development     Open Access   (Followers: 2)
EMAJ : Emerging Markets Journal     Open Access  
Emerging Economies Cases Journal     Hybrid Journal  
Emerging Economy Studies     Full-text available via subscription   (Followers: 1)
Empirical Economic Review     Open Access   (Followers: 1)
Ensayos de Economía     Open Access  
Ensayos Revista de Economía     Open Access  
Entrepreneurship Theory and Practice     Hybrid Journal   (Followers: 47)
Environmental Economics     Open Access   (Followers: 3)
Erhvervshistorisk Årbog     Open Access   (Followers: 1)
Espaço & Economia : Revista Brasileira de Geografia Econômica     Open Access  
Essays in Economic & Business History     Open Access   (Followers: 3)
Estonian Discussions on Economic Policy     Open Access  
Estudios de Economía     Open Access  
Ethiopian Journal of Economics     Full-text available via subscription   (Followers: 4)
European Countryside     Open Access   (Followers: 1)
European Journal of Economics and Economic Policies : Intervention     Full-text available via subscription   (Followers: 13)
European Journal of the History of Economic Thought     Hybrid Journal   (Followers: 12)
European Review of Economic History     Hybrid Journal   (Followers: 35)
Evolutionary and Institutional Economics Review     Hybrid Journal   (Followers: 1)
Explorations in Economic History     Hybrid Journal   (Followers: 34)
Expresión Económica : Revista de Análisis     Open Access  
FALAH : Jurnal Ekonomi Syariah     Open Access  
Foundation Review     Full-text available via subscription   (Followers: 2)
Germinal : Marxismo e Educação em Debate     Open Access  
Ghana Journal of Development Studies     Full-text available via subscription   (Followers: 8)
Gizarte Ekonomiaren Euskal Aldizkaria : Revista Vasca de Economía Social     Open Access  
Hakam : Jurnal Kajian Hukum Islam dan Hukum Ekonomi Islam     Open Access  
History of Economic Thought and Policy     Full-text available via subscription   (Followers: 10)
History of Economics Review     Hybrid Journal   (Followers: 11)
I-ECONOMICS : A Research Journal on Islamic Economics     Open Access  
Iberian Journal of the History of Economic Thought     Open Access  
Ikonomika : Jurnal Ekonomi dan Bisnis Islam     Open Access  
Indian Economic & Social History Review     Hybrid Journal   (Followers: 10)
Indian Economic Journal     Full-text available via subscription  
Indian Economic Review     Hybrid Journal  
Informe Econômico     Open Access   (Followers: 3)
International Journal of Business Intelligence Research     Full-text available via subscription   (Followers: 3)
International Journal of Economic Policy Studies     Hybrid Journal   (Followers: 1)
International Journal of Economic Theory     Hybrid Journal   (Followers: 4)
International Journal of Economics and Financial Issues     Open Access   (Followers: 10)
International Journal of Energy Economics and Policy     Open Access   (Followers: 11)
International Journal of Game Theory     Hybrid Journal   (Followers: 3)
International Journal of Sustainable Economies Management     Full-text available via subscription  
Investigación Económica     Open Access   (Followers: 4)
Investigaciones de Historia Económica     Open Access  
IQTISHADIA : Jurnal Ekonomi & Perbankan Syariah     Open Access  
Iqtishoduna : Jurnal Ekonomi Islam     Open Access  
Irish Economic and Social History     Hybrid Journal   (Followers: 12)
Islamic Economics Journal     Open Access  
Journal of Advanced Research in Economics and International Business     Full-text available via subscription  
Journal of Asian Development     Open Access   (Followers: 2)
Journal of Behavioral and Experimental Economics     Full-text available via subscription   (Followers: 11)
Journal of Chinese Economic and Foreign Trade Studies     Hybrid Journal   (Followers: 2)
Journal of Demographic Economics     Hybrid Journal   (Followers: 4)
Journal of Economic and Social Thought     Open Access   (Followers: 3)
Journal of Economic History     Full-text available via subscription   (Followers: 52)
Journal of Economic Issues     Hybrid Journal   (Followers: 14)
Journal of Economic Literature     Full-text available via subscription   (Followers: 196)
Journal of Economic Perspectives     Full-text available via subscription   (Followers: 227)
Journal of Economic Theory     Hybrid Journal   (Followers: 50)
Journal of Economics and International Relations     Open Access   (Followers: 4)
Journal of Ekonomi     Open Access  
Journal of Entrepreneurship in Emerging Economies     Hybrid Journal   (Followers: 4)
Journal of Governance and Regulation     Open Access  
Journal of Illicit Economies and Development     Open Access  
Journal of Innovation and Entrepreneurship     Open Access   (Followers: 8)
Journal of Islamic Economic Laws     Open Access  
Journal of Marketing Theory and Practice     Full-text available via subscription   (Followers: 3)
Journal of Post Keynesian Economics     Full-text available via subscription   (Followers: 13)
Journal of Public Economic Theory     Hybrid Journal   (Followers: 7)
Journal of Public Economics     Hybrid Journal   (Followers: 76)
Journal of Public Economics Plus     Open Access  
Journal of Quantitative Economics     Hybrid Journal  
Journal of Regional Economics Indonesia     Open Access  
Journal of Revenue and Pricing Management     Hybrid Journal   (Followers: 4)
Journal of Spatial Econometrics     Hybrid Journal  
Journal of Statistical and Econometric Methods     Open Access   (Followers: 3)
Journal of the Economic and Social History of the Orient     Hybrid Journal   (Followers: 21)
Journal of the History of Economic Thought     Full-text available via subscription   (Followers: 13)
Journal of Wine Economics     Full-text available via subscription   (Followers: 2)
Jurnal Economica : Research of Economic And Economic Education     Open Access   (Followers: 1)
Jurnal Ekonomi dan Bisnis Islam (Journal of Islamic Economics and Business)     Open Access  
Jurnal Ekonomi dan Pembangunan Indonesia     Open Access  
Jurnal Ekonomi Pembangunan : Kajian Masalah Ekonomi dan Pembangunan     Open Access  
Jurnal Ekonomi Syariah Teori dan Terapan     Open Access  
Jurnal Hukum dan Pembangunan Ekonomi     Open Access  
Jurnal Ilmu Ekonomi Terapan     Open Access  
Latin American Economic Review     Open Access   (Followers: 5)
Latin American Journal of Management for Sustainable Development     Hybrid Journal  
Madagascar Conservation & Development     Open Access   (Followers: 2)
Management of Sustainable Development     Open Access   (Followers: 4)
Marketing Theory     Hybrid Journal   (Followers: 15)
Mediations : Journal of the Marxist Literary Group     Open Access  
MediaTrend     Open Access  
Mises : Interdisciplinary Journal of Philosophy, Law and Economics     Open Access  
Modern Economy     Open Access   (Followers: 3)
Moneta e Credito     Open Access   (Followers: 1)
New Agenda : South African Journal of Social and Economic Policy     Full-text available via subscription  
OECD Journal : Economic Studies     Full-text available via subscription   (Followers: 17)
Organizations and Markets in Emerging Economies     Open Access   (Followers: 1)
Papeles de Europa     Open Access  
Pecvnia : Revista de la Facultad de Ciencias Económicas y Empresariales, Universidad de León     Open Access  
Perfil de Coyuntura Económica     Open Access  
Pittsburgh Papers on the European Union     Open Access   (Followers: 2)
Población y Desarrollo - Argonautas y caminantes     Open Access  
Population and Economics     Open Access   (Followers: 5)
Pro-fit     Open Access  
Proceedings of Voronezh State University. Series: Economics and Management     Open Access  
QA : Rivista dell’Associazione Rossi-Doria     Full-text available via subscription  
Quarterly Journal of Islamic Finance and Banking Studies     Open Access   (Followers: 2)
Regional Formation and Development Studies     Open Access  
Review of Behavioral Economics     Full-text available via subscription   (Followers: 6)
Review of Development and Change     Full-text available via subscription  
Review of Economic Studies     Hybrid Journal   (Followers: 192)
Review of Evolutionary Political Economy     Hybrid Journal  
Review of Keynesian Economics     Partially Free   (Followers: 9)
Revista Conjuntura Econômica     Open Access   (Followers: 2)
Revista de Economía del Caribe     Open Access  
Revista de Economía del Rosario     Open Access  
Revista de Historia Económica     Full-text available via subscription   (Followers: 1)
Revista de Historia Industrial. Economía y Empresa     Open Access  
Revista de Política Económica para el Desarrollo Sostenible     Open Access  
Revista Economía y Política     Open Access  
Revista Galega de Economia     Open Access  
Revista Gestão e Desenvolvimento     Open Access  
Revista Latinoamericana de Desarrollo Económico     Open Access  

        1 2 | Last

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Indian Economic Journal
Number of Followers: 0  
 
  Full-text available via subscription Subscription journal
ISSN (Print) 0019-4662
Published by Sage Publications Homepage  [1174 journals]
  • Editorial

    • Free pre-print version: Loading...

      Authors: Sudhanshu Bhushan
      Pages: 207 - 208
      Abstract: The Indian Economic Journal, Volume 70, Issue 2, Page 207-208, June 2022.

      Citation: The Indian Economic Journal
      PubDate: 2022-05-16T10:23:42Z
      DOI: 10.1177/00194662221097550
      Issue No: Vol. 70, No. 2 (2022)
       
  • Stock Returns, Trading Volumes and Market Volatility: A Study on the
           Indian Stock Market

    • Free pre-print version: Loading...

      Authors: Pramod Kumar Naik, Tapas Kumar Sethy
      Abstract: The Indian Economic Journal, Ahead of Print.
      This paper aims at investigating the effect of stock returns on trading volume and the trading volume on volatility. To accomplish the study objective, daily data from 1 April 2014 to 30 June 2020 are used. The GLS model is employed to investigate the contemporaneous relationship between the stock returns and trading volume. The EGARCH (1, 1) model is used to explore the volume–volatility relationships, and the causal relationship of stock returns–trading volumes–volatility is attained through the Granger causality test. The study finds that the effect of stock returns on trading volume is asymmetric. It indicates that the negative price changes have a less considerable impact on trading volume than the non-negative price changes. The study also supports the mixture of the distribution hypothesis that postulated the volume–volatility relationship to be positive. The volatility persistence level remains high, even after the conditional volatility model incorporates trading volumes as an exogenous variable. Further, the analysis also reveals that stock return causes trading volume and not vice versa; however, trading volumes cause return volatility.JEL Codes: G10, G12, C22
      Citation: The Indian Economic Journal
      PubDate: 2022-06-17T06:39:10Z
      DOI: 10.1177/00194662221104753
       
  • Bank Financial Performance and its Linkage with Capital: A Dynamic Panel
           Data Analysis of Public Sector Banks in India

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      Authors: Arindam Bandyopadhyay
      Abstract: The Indian Economic Journal, Ahead of Print.
      This article empirically investigates the linkage of capital infusion in the Public Sector Banks (PSBs) in India with the capital adequacy, asset quality, profitability, operational efficiency and the market position of the banks. Utilising a balanced panel data of total 21 PSBs over 9 years (2009 to 2017), we analyse the key determinants of the Indian PSBs’ profitability, net interest margin (NIM), solvency and market efficiency. The study applies a two-step dynamic panel generalised methods of moments. We find empirical evidence that the Capital Infusion programme of the Government during 2008–2009 to 2016–2017 has significant impact on the performance of PSBs in India. We have observed that with frequent infusion of capital by the government, banks were able to meet the regulatory Basel II/III capital adequacy requirements and it has positive influence on their market capitalisation as well as NIM. However, capital infusion has an insignificant impact on improving return on assets (ROA) of banks. Our study suggests that a higher common equity tier 1 capital ratio leads to better market reputation and solvency position of the banks. The results of the study provides insight for bank management, regulators and policymakers for improving bank performance and better utilisation of scarce capital and public money.JEL Code: G21, G32, G34
      Citation: The Indian Economic Journal
      PubDate: 2022-06-16T04:35:27Z
      DOI: 10.1177/00194662221104752
       
  • Revealed Comparative Advantage in Services Exports: How Is India Different
           from China'

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      Authors: Purna Banerjee, Rajmal
      Abstract: The Indian Economic Journal, Ahead of Print.
      In recent years, India has become one of the select few emerging economies to feature in the list of the world’s top services exporters. However, given similarities in demography, resource endowments and comparable shares in world services exports, India faces potential competition from China in this sector. Using a theoretically founded, regression-based measure of revealed comparative advantage, we contrast India’s revealed comparative advantage vis-à-vis China in disaggregated services sectors between 2005 and 2018. India, we find, has a comparative advantage in sectors, such as ‘telecommunications, computer, and information services’ and ‘other business services’. However, China’s advantage lies in ‘manufacturing services’ and ‘transport’. Notably, the sectors of India’s comparative advantage are also the sunrise sectors within services, displaying high growth rates and an increasing share in world services trade. A related measure—the trade elasticity index—reveals that, due to sectoral differences in comparative advantage, China does not pose a major threat to India in most of the latter’s major export destinations. Our finding implies that even if China were to enter free trade agreements with India’s major services export partners, the trade diversion losses for India would be small.JEL Codes: F11, F14
      Citation: The Indian Economic Journal
      PubDate: 2022-06-16T04:21:29Z
      DOI: 10.1177/00194662221104762
       
  • Effects of Free Trade Agreements on Trade Activities of Signatory
           Countries

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      Authors: Amulya Gurtu, Jestin Johny, Rupal Chowdhary
      Abstract: The Indian Economic Journal, Ahead of Print.
      The study analyses the effects of free trade agreements (FTAs) signed by India on the changes in the trade volumes of member states. The article analyses the benefits of the economic integration of export earnings to meet the import demands. It is found that FTAs improve economic activities among the signing countries. This article highlights the role of FTAs in the economic activities of countries signing the trade agreement. Post FTAs, the compound annual growth rate (CAGR) of exports increased and imports reduced. This research will help researchers identify the areas and countries where FTAs are desirable and help improve economic activities.JEL Codes: F15
      Citation: The Indian Economic Journal
      PubDate: 2022-06-08T08:44:14Z
      DOI: 10.1177/00194662221104750
       
  • Public Finance Management in India in the Time of COVID-19 Pandemic

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      Authors: Sacchidananda Mukherjee, Shivani Badola
      Abstract: The Indian Economic Journal, Ahead of Print.
      Due to the COVID-19 pandemic, public finance management (PFM) in the FY 2020–2021 and 2021–2022 have become extremely challenging. The economic contraction has created pressures on PFM in India in terms of lower revenue mobilisation and higher expenditure needs. Both the union and state governments are facing dual problem of arresting economic contraction and managing public finance with limited resources. The present article analyses public finance management of the union as well as 16 major Indian states during the time of COVID-19 pandemic. For comparison, we have also analysed pre-COVID public finance monthly data of state governments. The shock to PFM came from both the revenue as well as expenditure side. Apart from aggregate analysis of state finances of 16 major states, we present state-wise analysis to highlight measures adopted by states to deal with the unprecedented fiscal crisis.JEL Codes: H20, H61, H62, H63
      Citation: The Indian Economic Journal
      PubDate: 2022-06-08T08:35:24Z
      DOI: 10.1177/00194662221104751
       
  • Comovement of Fear Index, Stock Returns, Brent Oil Prices in BRIC
           Countries: The Case of COVID-19

    • Free pre-print version: Loading...

      Authors: Sakshi Sharma, Kunjana Malik
      Abstract: The Indian Economic Journal, Ahead of Print.
      The study investigates long-run and short-run cointegrating relationship between stock market returns, fear index (VIX), brent crude oil prices and growth in deaths due to the COVID-19 pandemic for BRIC countries using daily data from 23 January 2020 to 24 August 2020 using Autoregressive Distributed Lag (ARDL) model. CUSUM test and serial correlation test estimates point towards the robustness of the model used. The evidence reveals that for India and Brazil, with the outbreak of COVID-19, decrease in crude oil prices and increase in volatility index, the stock returns started declining in the short run, but the impact has declined and the stock returns have regained in the long run. For China, due to the outbreak of COVID-19 and increase in fear index, stock returns declined in the short run, but the Chinese economy has recovered well due to a strong industrial and services sector. For Russia, increase in deaths due to COVID and decline in oil prices has impacted the stock returns in the long- and short run. Due to a decline of 53% for crude oil prices from January 2020 to May 2020, the Russian economy would face the consequences in the long run as well. The results suggest that though BRIC countries were impacted by growth in COVID-19 deaths, but the recovery trajectory and stability has resumed for all countries except Russia. Results of Granger Causality indicate a bidirectional causality between VIX and stock returns for the Indian market.
      Citation: The Indian Economic Journal
      PubDate: 2022-03-04T05:04:07Z
      DOI: 10.1177/00194662221082188
       
  • Revisit Financial Integration in Asia: New Time-Series Evidence from Stock
           Markets

    • Free pre-print version: Loading...

      Authors: T. G. Saji
      First page: 209
      Abstract: The Indian Economic Journal, Ahead of Print.
      This research reinvestigates stock market linkages in Asian region by employing Johansen cointegration and vector error correction model (VECM) based causality tests. The stock price indexes of Japan, Singapore, South Korea, India and China are used, with monthly data over 1999:09–2019:10. The empirical results find weak price convergence among Asian markets, hence are almost segmented by national borders. The asymmetrical stock price relations in Asia have important implications for the pricing efficiency of national markets and suggest several opportunities for global investors to optimise returns through portfolio diversifications across leading stock markets of the region.JEL Codes: C58; G11; G15
      Citation: The Indian Economic Journal
      PubDate: 2022-03-12T11:04:46Z
      DOI: 10.1177/00194662221082197
       
  • Technology Intensive Exports and Growth of Asian Economies

    • Free pre-print version: Loading...

      Authors: Areej Aftab Siddiqui
      First page: 229
      Abstract: The Indian Economic Journal, Ahead of Print.
      The emphasis on enhancing and specialising in technology exports and altering policy environment in Asian economies has been dominant since 2000. The present study is an attempt to empirically investigate the effect of technology exports on enhancing growth of Asian economies during the period 2001 to 2018. To assess the linkages between growth, investments, labour productivity and technology exports, panel least squares with cross section weights is applied for the economies. To assess the relationship between the variables for each individual country ARDL technique is applied. The results indicate long run relationship between low, medium low and medium high technology exports and growth as well as domestic investment and growth. For individual nations, the results indicate varying intensity of technology exports have a different relationship with growth. The results also suggest the need for Government of each nation to enhance its effort on the development of policies which focus on attracting investments and further promoting exports of technology intensive sectors.JEL Codes: F14, F60, O19
      Citation: The Indian Economic Journal
      PubDate: 2022-03-04T05:00:06Z
      DOI: 10.1177/00194662221082205
       
  • The Asymmetric Relationship between Corruption, Political Stability and
           Economic Growth: New Evidence from BRICS Countries

    • Free pre-print version: Loading...

      Authors: Ashmita Kesar, B. Kamaiah, Pabitra Kumar Jena, Miklesh Prasad Yadav
      First page: 249
      Abstract: The Indian Economic Journal, Ahead of Print.
      There are studies available that study the influence of corruption on economic growth, but no existing literature studies the asymmetric relationship in context to BRICS countries. In this study, we try to fill the gap in the literature by studying the symmetric and asymmetric association between corruption, political stability and economic growth in BRICS economies where gross fixed capital formation and final consumption expenditure are considered additional variables. Further, we employ panel non-linear autoregressive distributed lag model from 1996–2018. In the long run, the non-linear estimation results confirm an asymmetric relationship while all variables show the asymmetric relationship in the short run. Additionally, the study has employed Dumitrescu–Hurlin (2012) test to find the direction of causality among the variables. The test confirms the causality in particular variables taking economic growth as dependent variable and the decomposed explanatory variables. The article’s findings provide new insight into the relationship between corruption, political stability and economic growth.JEL Codes: D73, F35
      Citation: The Indian Economic Journal
      PubDate: 2022-03-09T09:23:31Z
      DOI: 10.1177/00194662221082204
       
  • Sources of Instability in Nigeria’s Manufacturing Performance:
           1981–2018

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      Authors: Michael Akpovbera Onodje, Patrick Onosode Onodje
      First page: 271
      Abstract: The Indian Economic Journal, Ahead of Print.
      The article investigates factors that may be responsible for observed instability in Nigeria’s manufacturing sector performance. Based on growing concerns regarding early deindustrialisation observed for many developing countries, the study examines how a menu of fiscal and monetary policies can be applied to revitalise the Nigerian manufacturing sector. Consequently, we construct an index of manufacturing sector instability and examine how it responds to a mixture of fiscal and monetary policy variables. We use annual time series data from 1981–2018 and apply the ARDL bounds test technique. Our findings show that budget deficits induce instability in the performance of the Nigerian manufacturing sector, while government infrastructural investments stabilise it. The monetary policy instruments were found to have inconsistent short-run and long-run influences but mostly conform with theory.JEL Codes: F63, L20, L25, L60, O10, O14
      Citation: The Indian Economic Journal
      PubDate: 2022-03-12T06:48:45Z
      DOI: 10.1177/00194662221082193
       
  • Differences in Efficiency in the Formal–Informal Dichotomy—A
           Study of Indian Firms

    • Free pre-print version: Loading...

      Authors: Ruchi Kumari
      First page: 289
      Abstract: The Indian Economic Journal, Ahead of Print.
      The unorganised manufacturing industries play a vital role in the process of industrial development of the Indian economy. Informal firms are relatively less productive than formal firms, because a majority of the firms are technically inefficient, producing far below the actual attainable level of production. This article examines differences in efficiency and output between formal and informal production firms across India’s manufacturing industries. The key novelty in this article is in studying both the formal and informal sectors simultaneously by applying the technique of Oaxaca–Blinder decomposition to determine efficiency differences across the sectors. The results suggest that capital is a positive and the most significant determinant of the output of efficient industries. Output gaps can be explained by coefficient, endowment and interaction aspects of capital and capital productivity, while efficiency differences are explained by coefficient and interaction characteristics of emoluments and capital productivity. The results of density plots show that informal firms are no longer functioning as a pool of surplus labour in the context of Indian manufacturing industries during these years. The results dispel the notion that the informal sector is a poor performer in terms of total output compared to the formal sector. Also, capital and capital productivity are less in informal manufacturing industries than in the formal sector.JEL Codes: E26, J46, O14, O17
      Citation: The Indian Economic Journal
      PubDate: 2022-03-16T04:06:14Z
      DOI: 10.1177/00194662221082216
       
  • Does Regulation Impact the Initial Returns of Initial Public
           Offerings' Evidence from Indian Capital Market

    • Free pre-print version: Loading...

      Authors: Amit Kumar Singh, Tripti Goel
      First page: 313
      Abstract: The Indian Economic Journal, Ahead of Print.
      Regulations are put in place in the capital markets to protect the interests of investors while promoting companies to actively participate in the capital markets. This multidisciplinary study concentrates on analysing the impact of one such regulation, based on entry norms, on the initial returns of book-built IPOs in the presence of firm-related and issue-related control variables, thereby facilitating decision-making to issuers and investors.Using various parametric and non-parametric tests on 259 IPOs issued on Indian Stock Exchanges during financial year 2009–2010 to 2019–2020, it can be concluded that Indian IPOs are underpriced on an average, irrespective of the entry norm followed. Further, firms entering through either of the entry routes, that is, profitability route or Qualified Institutional Buyer Route have significant differences in age, listing delay, type of sale, rank of lead managers and industry. Entry norm is established to have a negative yet insignificant role in determining the initial returns, while oversubscription is the only variable with a positive and significant impact on the initial returns of the issue.JEL Codes: G10, G14, G18, G23, K22
      Citation: The Indian Economic Journal
      PubDate: 2022-04-21T11:39:28Z
      DOI: 10.1177/00194662221082202
       
  • Declining Women Work Participation in Rural India: Trends, Causes and
           Policy Implications

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      Authors: Rajendra P. Mamgain, Khalid Khan
      First page: 347
      Abstract: The Indian Economic Journal, Ahead of Print.
      One of the major policy concerns in recent years has been decline in the number of women workers in the Indian labour market. The ‘education’ and ‘income’ effect hypotheses for such decline are generally advocated. Such analyses, however, are limited in their focus. This study attempts to fill up this gap by exclusively focusing on rural women. Using the National Sample Survey Organisation (NSSO) data for the years 2004–2005 and 2011–2012 and Periodic Labour Force Survey data for the year 2017–2018, it observes a widespread decline in rural women’s work participation rates (WPRs) across their different social groups, income strata and states in the country albeit at a significantly varying rate. While the major decline in women WPRs in the age-group, 15–24 years has been in favour of education, it has been largely in favour of ‘domestic works’ in the other age-groups. The major decline in women workforce is observed in case of those as not-literates, ‘unpaid family labour’ in agriculture and ‘casual wage labour’ both in farm and non-farm sectors. This is largely due to contraction in self-employment and casual wage works both in farm and non-farm sectors, more so during recent period. This study finds a positive impact of rising household income on women’s WPRs. While education emerges as a significant predictor of women joining workforce, its iteration with their social groups shows differing impact of similar level of education on different caste groups. It offers inputs for policy measures to be aimed at providing decent livelihoods in rural areas in a big scale, with strong focus on reducing caste and gender disparities.JEL Codes: E24, J16, J21, J18
      Citation: The Indian Economic Journal
      PubDate: 2022-01-05T07:45:24Z
      DOI: 10.1177/00194662211063567
       
  • Limning India’s Direct Tax Collection Contractions

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      Authors: Rajat Deb
      First page: 365
      Abstract: The Indian Economic Journal, Ahead of Print.
      Indian direct tax collections have remained sluggish over the period coupled with the lesser tax buoyancy have compelled the government to collect revenues from the untapped or under-tapped sources to finance the galloping expenditure such as the health and defence. To achieve the fixed money value targets the taxmen have been putting excessive pressures on the taxpayers who have created a panic, likely to tantamount to infamous tax terrorism and tax disputes have arisen blocking substantial tax revenues in litigations. Taking this in to cognisance the government has attempted to rationalise the tax system by introducing tax amnesty scheme such as the Vivad-se-Viswas and by launching a Faceless Assessment Scheme (FAS) and tax charter, which is likely to address the tax disputes significantly. To increase the revenue, the best approach for the government is to broadening the tax base, reducing the tax rates, rationalising the tax system, formalising the unorganised sectors and by enhancing the lower household incomes substantially in lieu of serving notices to the non-filers is the need of the hour.JEL Codes: E62, H25
      Citation: The Indian Economic Journal
      PubDate: 2022-03-01T03:59:44Z
      DOI: 10.1177/00194662221082195
       
  • What Factors Drive Start-Up Investments in India’s Subnational
           Economies'

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      Authors: Sasidaran Gopalan
      First page: 370
      Abstract: The Indian Economic Journal, Ahead of Print.
      India has rapidly evolved into a fast-growing emerging market with one of the largest start-up ecosystems in the world. Despite the rapid strides, the nature of investment distribution of start-ups remain heavily concentrated in specific regions within India, fuelling concerns of regional disparities. In this research note, I empirically explore the determinants of start-up investments in India’s subnational economies, to identify the conditioning variables that possibly drive such investments.JEL Codes: L26, O53, R11, R12
      Citation: The Indian Economic Journal
      PubDate: 2022-03-02T11:01:37Z
      DOI: 10.1177/00194662221082225
       
  • Addressing the Gap Areas Crucial for Survival by Focusing on the Key
           Growth Determinants of Micro, Small and Medium Enterprises in India: A
           critical analysis Pertaining to Textile Sector MSMEs

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      Authors: Nidhi Gautam
      Abstract: The Indian Economic Journal, Ahead of Print.
      Micro, small and medium enterprises (MSMEs) are crucial for the overall development of the country. Realising the same, there are various policy support measures introduced by the government. This paper attempts to study the gaps in the present policies available for the MSMEs with respect to the textile sector MSMEs. Through a systematic approach, based on secondary literature and stakeholder engagement, the study attempts to come up with a decision matrix based on the identified key growth determinants of MSMEs. A questionnaire was developed for collecting the responses from expert stakeholders to rank the identified list of determinants influencing the growth of MSMEs. A mix of top-down and bottom-up methodology has been adopted to identify the key determinants of MSMEs having the major influence on the sector’s growth. It was found that the top 10 determinants influencing the growth of MSMEs are profitability, quality of product, entrepreneurial behaviour, legal structure, product differentiation strategy, new/improved products produced, industry friendly policies, employee sensitiveness, ability to fund enterprise growth from profits generated. It is argued that in order to make MSMEs sustainable, policymakers should take a targeted approach focusing on these key growth determinants so as to create a conducive ecosystem for MSMEs.JEL Codes: O100, L210, L250
      Citation: The Indian Economic Journal
      PubDate: 2021-12-21T08:31:05Z
      DOI: 10.1177/00194662211062423
       
  • Money and Household Consumption Expenditure in Developing Asia: Some Panel
           ARDL Evidence

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      Authors: Ghanashyama Mahanty, Himanshu Sekhar Rout, Swayam Prava Mishra
      First page: 331
      Abstract: The Indian Economic Journal, Ahead of Print.
      The role of money in influencing real economic activities has been a long-standing debate in macroeconomics. As per the Keynesian theory, household consumption expenditure plays a significant role in promoting economic growth. Given the rapid consumption-led growth pattern in the emerging Asia Pacific region, in this article, we attempt to assess the role of money in influencing household consumption expenditure, which propels economic growth. We employ a panel data set from 2005–2018 for 10 emerging Asian economies, covering Bangladesh, Cambodia, India, Indonesia, Malaysia, Pakistan, Philippines, Sri Lanka, Thailand and Vietnam. Given the region’s heterogeneous nature, we employ a variant of the popular St Louise equation model with autoregressive distributed lag model (ARDL) panel framework based on pooled mean group (PMG) and dynamic fixed effect (DFE) models developed by Pesaran and Shin to study the underlying relationships. Both PMG and DFE models suggest a strong positive relationship between money and household consumption expenditure both in the long run and short run. After allowing for control variables such as government final consumption expenditure and interest rate, the relationships continue to hold steady. Further, the relationship holds true across both narrow (M1) and broad money (M3) measures. The government final consumption expenditure and interest rates do not have influence on household consumption expenditure in the long run, but they have an influence in the short run.JEL Codes: C23, O16, O47, E51, E31, E21
      Citation: The Indian Economic Journal
      PubDate: 2021-12-13T04:28:55Z
      DOI: 10.1177/00194662211062424
       
  • Erratum

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      Abstract: The Indian Economic Journal, Ahead of Print.

      Citation: The Indian Economic Journal
      PubDate: 2020-01-22T04:16:33Z
      DOI: 10.1177/0019466220904483
       
 
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