A Study of the Effect of Macroeconomic Variables on Stock Market: Indian Perspective
Chandni Makan, Avneet Kaur Ahuja and Saakshi Chauhan MPRA Paper: 43313 (2012) Result of this study help in exploring whether the movement of Bombay Stock Exchanges indices is the outcome of some selected macroeconomic variables or it is one of the causes of movement in those variables of the Indian economy. The study consider macroeconomic variables as [...]
Modelling Primary Energy Consumption under Model Uncertainty
by Zsuzsanna Csereklyei and Stefan Humer Vienna University of Economics and Business WP No 147 (Nov 2012) This paper examines the long-term relationship between primary energy consumption and other key macroeconomic variables, including real GDP, labour force, capital stock and technology, using a panel dataset for 64 countries over the period 1965-2009. Deploying panel error correction [...]
From SpaceStat to CyberGIS: Twenty Years of Spatial Data Analysis Software
Luc Anselin ASU GeoDa Center for Geospatial Analysis and Computation Working Paper Number 06/2011 his essay assesses the evolution of the way in which spatial data analytical methods have been incorporated into software tools over the past two decades. It is part retrospective and prospective, going beyond a historical review to outline some ideas about [...]
Project Management for a Country with Multiple Objectives
Willem K. M. Brauers Czech Economic Review. Volume: 6 Issue: 1 Pages: 80-101 [2012] This paper proposes project management for a national economy in search for new projects, even with competition between projects. Traditional Cost-Benefit does not respond to this purpose. Indeed Cost-Benefit is only interested in one specific project and not in a competition between projects. In addition all [...]
A MIP model for scheduling India’s General Elections and police movement
by Bodhibrata Nag IIMC Working Paper WPS No.697/ May 2012 Conducting the General Elections for the 543 members of the Parliament of India across the 833 thousand polling stations spread over the 35 States is a mammoth exercise. Deployment of the Central Police Forces is essential to complement the role of the State police during [...]
AGRICULTURAL POLICY REFORMS AND SPATIAL INTEGRATION OF FOOD GRAIN MARKETS IN INDIA
MADHUSUDAN GHOSH JOURNAL OF ECONOMIC DEVELOPMENT Volume 36, Number 2, June 2011 Applying the maximum likelihood method of co-integration, this paper examines the impact of agricultural policy reforms on spatial integration of food grain markets in India. The extent of spatial integration of food grain markets has improved during the post-reform period, as the regional markets, which were [...]
Four decades of health economics through a bibliometric lens
Adam Wagstaff, Anthony J. Culyer WB Policy Research Working Paper 5829 Date: Oct-2011 This paper takes a bibliometric tour of the past 40 years of health economics using bibliographic”metadata”from EconLit supplemented by citation data from Google Scholar and the authors’topical classifications. The authors report the growth of health economics (33,000 publications since 1969 — 12,000 [...]
Firm Investment & Credit Constraints in India, 1997 – 2006: A stochastic frontier approach
Sumon Bhaumik, Pranab Kumar Das and Subal C. Kumbhakar William Davidson Institute Working Paper Number 1010 Date:- January 2011 We use the stochastic frontier approach to estimate the impact of firm characteristics on investment decisions of Indian firms during the 1997-2006 period. The use of the stochastic frontier approach allows us to define the (unobserved) optimum investment that [...]
An Exponential Neighborhood Local Search Algorithm for the Single Row Facility Location Problem
by Diptesh Ghosh IIMA W.P. No. 2011-08-01, August 2011 In this work we present a local search algorithm for the single row facility location problem. In contrast to other local search algorithms for the problem, our algorithm uses an exponential neighborhood structure. Our computations indicate that our local search algorithm generates solutions to benchmark instances [...]
New Step-by-Step Guide for EdStats
April 2011 This step-by-step guide explains how to quickly locate, display and export education data through the EdStats Query system [http://databank.worldbank.org/ddp/home.do?queryId=189]. It also includes instructions on creating customized charts, regional and world maps, and comparator reports. URL: http://siteresources.worldbank.org/EXTEDSTATS/Resources/3232763-1197312825215/EdStatsNewsletter20.pdf Courtesy: The World Bank
Regulation, enforcement and informality
Punarjit Roychowdhury, and Mousumi Dutta Date: 09-May-2011 The informal economy has been occupying a key position in the development-discourse ever since it was ‘discovered’ in the Ghana in the second half of the 20th century. A good deal of literature has grown up in the past forty years with efforts to ‘formalize’ the concept of informality [...]
Robust Growth Determinants.
GERNOT DOPPELHOFER AND MELVYN WEEKS (Feb-2011) This paper investigates the robustness of determinants of economic growth in the presence of model uncertainty, parameter heterogeneity and outliers. The robust model averaging approach introduced in the paper uses a °exible and parsimonious mixture modeling that allows for fat-tailed errors compared to the normal benchmark case. Applying robust [...]
Price Statistics 2008 – Kerala
Price Division, Directorate of Economics and Statistics Thiruvananthapuram Contents: 1 Farm Wholesale Price 2 Market Wholesale Price 3 Farm Retail Price 4 District wise Average Retail Price 5 Statement Courtesy: Economics and Statistics Department, Kerala
Facilitating Innovation in the Federal Statistical System: Summary of a Workshop
Workshop on the future of innovation in the federal statistical system was held on June 29, 2010. Date: May-2011 The original statement of task for the workshop focused on three challenges to the statistical system: (1) the obstacles to innovative, focused research and development initiatives that could make statistical programs more cost effective; (2) a [...]
Does the Kyoto Protocol Agreement matters? An environmental efficiency analysis
George Halkos and Nickolaos Tzeremes Date: May-2011 This paper uses both conditional and unconditional Data Envelopment Analysis (DEA) models in order to determine different environmental efficiency levels for a sample of 110 countries in 2007. In order to capture the effect of countries compliance with the Kyoto Protocol Agreement (KPA), we condition the years since a country [...]
FDI in the Service Sector – Propagator of Growth for India?
Chitrakalpa Sen Date: Apr-2011 The last two decades have witnessed an unprecedented growth of the Indian service sector. This paper aims to analyze the growth dynamics. This study intends to see whether the growth in FDI has any significant impact on the service sector growth and also investigates whether a growth in this sector causes [...]
Carrots without Bite: On the Ineffectiveness of ‘Rewards’ in sustaining Cooperation in Social Dilemmas
Jan Stoop, Daan van Soest and Jana Vyrastekova Date: Mar-2011 Peer-to-peer sanctions increase cooperation in multi-person social dilemmas (Fehr & Gachter (2000)), but not when subjects have the option to retaliate (Nikiforakis (2008)). One-shot peer-to-peer rewards have been found to enhance efficiency too (Vyrastekova & van Soest (2008), Rand et al. (2009a)), but it is an [...]
Generalized Cointegration: A New Concept with an Application to Health Expenditure and Health Outcomes
Stephen Hall, P. A. V. B. Swamy, and George S. Tavlas Working Paper – 11/22 Date: Mar-2011 We propose a new generalization of the concept of cointegration that allows for the possibility that a set of variables are involved in an unknown nonlinear relationship. Although these variables may be unit-root non-stationary, there exists a nonlinear combination of [...]
Firm Ownership Type, Earnings Management and Auditor Relationships: Evidence from India
Saibal Ghosh (2010) Using data on Indian listed companies for 2005, the paper examines how firm ownership relates to auditor choice. More specifically, we test several hypotheses about the links between firm ownership, auditor relationships and earnings management. The results indicate that firms having high discretionary accruals are less likely to be audited by domestic entities. [...]
Capturing Preferences Under Incomplete Scenarios Using Elicited Choice Probabilities.
Joseph A. Herriges, Subhra Bhattacharjee, and Catherine L. Kling Working Paper No. 11003 Date: March 2011 Manski (1999) proposed an approach for dealing with a particular form respondent uncertainty in discrete choice settings, particularly relevant in survey based research when the uncertainty stems from the incomplete description of the choice scenarios. Specifically, he suggests eliciting choice [...]
Why inferential statistics are inappropriate for development studies and how the same data can be better used
Clint Ballinger Date: 06 January 2011 The purpose of this paper is two fold: 1) to highlight the widely ignored but fundamental problem of ‘superpopulations’ for the use of inferential statistics in development studies. We do not to dwell on this problem however as it has been sufficiently discussed in older papers by statisticians that [...]
Determinants of Individual Investor Behaviour: An Orthogonal Linear Transformation Approach
Abhijeet Chandra, and Ravinder Kumar Date: Jan-2011 Expected utility theory views the individual investment decision as a tradeoff between immediate consumption and deferred consumption. But individuals do not always prefer according to the classical theory of economics. Recent studies on individual investor behavior have shown that they do not act in a rational manner, rather several factors [...]
Comparing China’s GDP Statistics with Coincident Indicators
Aaron Mehrotra and Jenni Pääkkönen BOFIT Discussion Papers 1/2011 Date: Feb-2011 We use factor analysis to summarize information from various macroeconomic indicators, effectively producing coincident indicators for the Chinese economy. We compare the dynamics of the estimated factors with GDP, and compare our factors with other published indicators for the Chinese economy. The indicator data [...]
Improving forecasting performance by window and model averaging
Prasad S Bhattacharya and and Dimitrios D Thomakos (2011) ECONOMICS SERIES SWP 2011/1 This study presents extensive results on the benefits of rolling window and model averaging. Building on the recent work on rolling window averaging by Pesaran et al (2010, 2009) and on exchange rate forecasting by Molodtsova and Papell (2009), we explore whether rolling window [...]
Cooperation amongst competing agents in minority games
Deepak Dhar, V. Sasidevan, Bikas K. Chakrabarti We study a variation of the minority game. There are N agents. Each has to choose between one of two alternatives everyday, and there is reward to each member of the smaller group. The agents cannot communicate with each other, but try to guess the choice others will [...]
Is per capita GDP non-linear stationary in SAARC countries?
Aviral Kumar Tiwari, Muhammad Shahbaz, and Muhammad Shahbaz Shabbir 19-February-2011 Using data for SAARC region, we found real GDP per capita is nonlinear stationary implying that shocks to economy by economic policies (external or internal) have permanent effects on real per capita GDP of SAARC countries. This finding reveals that classical growth model works better [...]
CLASSIFICATION, DETECTION AND CONSEQUENCES OF DATA ERROR: EVIDENCE FROM THE HUMAN DEVELOPMENT INDEX
Hendrik Wolff, Howard Chong, Maximilian Auffhammer Working Paper 16572 Date: December 2010 We measure and examine data error in health, education and income statistics used to construct the Human Development Index. We identify three sources of data error which are due to (i) data updating, (ii) formula revisions and (iii) thresholds to classify a country’s [...]
VOLUNTARY CONTRIBUTION IN THE FIELD: AN EXPERIMENT IN THE INDIAN HIMALAYAS
Sujoy CHAKRAVARTY, Carine SEBI, E. SOMANATHAN, Emmanuel THEOPHILUS CSH Occasional Paper No. 29/2010 The public goods problem (Hardin, The Tragedy of the Commons,1968), either viewed as a problem of extraction and optimal use of a resource, or that of shared contributions to the cost of a resource, has had a long history in the social sciences. Our experimental design, using methods [...]
Regional heterogeneity and firms’ innovation: the role of regional factors in industrial R&D in India
Pradhan, Jaya Prakash (2011) This study makes an early attempt to estimate the magnitude and intensity of manufacturing firms’ R&D by Indian states during the period 1991‒2008 and analyses the role of regional factors on firm-level R&D activities. As there is little research on state-wise R&D performance of firms in India, this study serves an [...]
Asian Business Cycle Indicators (ABCIs)
Asian Business Cycles Quaterly (13 December 2010) The OECD Development Centre Asian Business Cycle Indicators (ABCIs) will be a tool to provide comparable information on the very short-term (i.e. the following quarter) economic climate and potential macroeconomic risks of Asian economies as closer to real time as possible. The ABCIs will be a tool to [...]
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