Pub Date : 2020-09-01DOI: 10.1177/1391561420968549
Hazrat Yousaf, Parvez Ahmed, Syed Ammad Ali
Per capita availability of water is a serious challenge for Pakistan, like other countries. The objectives of this study are to investigate the different sources of water supply use by Pakistan’s urban households, their willingness to pay and modelling the determinants of the households’ budget allocation for water consumption. The study employed Pakistan Social and Living Standards Measurement (PSLM) 2015–2016 data set, which revealed that more than 60 per cent of households rely on piped water. The result of the variable filtration plant shows that urban households take less care of their health because the tendency of filtered water use is low. The regression result shows negative effect of per capita income, and positive effect of square of per capita income reflects that measures to accelerate income will help to increase budget allocation for water supply at the households’ level. The findings call for accelerating the water filtration plants, water availability in tap and higher incomes while controlling the population size and shared common washroom can help to save water in the case of urban Pakistan.
{"title":"Determinants of Households’ Budget Allocation to Water Consumption: Evidence from Urban Pakistan","authors":"Hazrat Yousaf, Parvez Ahmed, Syed Ammad Ali","doi":"10.1177/1391561420968549","DOIUrl":"https://doi.org/10.1177/1391561420968549","url":null,"abstract":"Per capita availability of water is a serious challenge for Pakistan, like other countries. The objectives of this study are to investigate the different sources of water supply use by Pakistan’s urban households, their willingness to pay and modelling the determinants of the households’ budget allocation for water consumption. The study employed Pakistan Social and Living Standards Measurement (PSLM) 2015–2016 data set, which revealed that more than 60 per cent of households rely on piped water. The result of the variable filtration plant shows that urban households take less care of their health because the tendency of filtered water use is low. The regression result shows negative effect of per capita income, and positive effect of square of per capita income reflects that measures to accelerate income will help to increase budget allocation for water supply at the households’ level. The findings call for accelerating the water filtration plants, water availability in tap and higher incomes while controlling the population size and shared common washroom can help to save water in the case of urban Pakistan.","PeriodicalId":39966,"journal":{"name":"South Asia Economic Journal","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82405380","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}
Pub Date : 2020-09-01DOI: 10.1177/1391561420970837
Priti Dubey, R. Shankar
This article aims to find out interlinkages between equity and commodity markets through the channel of investors’ outlook in the equity market. The proxies used for gauging perception of investors are investor sentiment index and Advance–Decline ratio. The study also incorporates the introduction of Commodity Transaction Tax (CTT) and occurrence of National Spot Exchange Limited (NSEL) scam in the year 2013. Additionally, returns in commodity market are examined to be a function of equity returns. The empirical findings suggest that the liquidity of commodity futures is inversely related to investor sentiments in equity market, and commodity returns are also negatively related to equity returns. Therefore, equity and commodity markets are inversely related, as liquidity in both the markets reacts to the investor sentiments; contrarily, commodity returns experience a significantly negative impact from equity returns. Additionally, the results also provide evidence that investor sentiment in equity possesses the ability to predict liquidity in the commodity futures market. The study also suggests that the CTT and NSEL scam have significantly and positively affected the liquidity of the Indian commodity market.
{"title":"Determinants of the Commodity Futures Market Performance: An Indian Perspective","authors":"Priti Dubey, R. Shankar","doi":"10.1177/1391561420970837","DOIUrl":"https://doi.org/10.1177/1391561420970837","url":null,"abstract":"This article aims to find out interlinkages between equity and commodity markets through the channel of investors’ outlook in the equity market. The proxies used for gauging perception of investors are investor sentiment index and Advance–Decline ratio. The study also incorporates the introduction of Commodity Transaction Tax (CTT) and occurrence of National Spot Exchange Limited (NSEL) scam in the year 2013. Additionally, returns in commodity market are examined to be a function of equity returns. The empirical findings suggest that the liquidity of commodity futures is inversely related to investor sentiments in equity market, and commodity returns are also negatively related to equity returns. Therefore, equity and commodity markets are inversely related, as liquidity in both the markets reacts to the investor sentiments; contrarily, commodity returns experience a significantly negative impact from equity returns. Additionally, the results also provide evidence that investor sentiment in equity possesses the ability to predict liquidity in the commodity futures market. The study also suggests that the CTT and NSEL scam have significantly and positively affected the liquidity of the Indian commodity market.","PeriodicalId":39966,"journal":{"name":"South Asia Economic Journal","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78471505","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}
Pub Date : 2020-08-24DOI: 10.1177/1391561420940838
Sushil K. Rai, Akhilesh K. Sharma
This article aims to understand the drivers of foreign direct investment (FDI) inflows and its nexus with its determinants such as economic growth, inflation rate, labour productivity, infrastructure development, market size, openness of the economy, political stability and corporate tax for South Asian Association for Regional Corporation (SAARC) countries. The article is based on secondary data from the World Bank and International Labour Organization (ILO) for 19 years from 2001 to 2018 for 6 SAARC countries, viz. Bangladesh, Bhutan, India, Nepal, Pakistan and Sri Lanka. The findings indicate that there exists long-run, short-run and joint causal relationship among infrastructure development, market size, openness of the economy, political stability and corporate tax and FDI inflows. Among these variables, the corporate tax is the most important one because it shows bidirectional causality with FDI inflows in the long run as well as short run along with joint strong causality. However, only the coefficients of infrastructure development and corporate tax were found to be positively and negatively significant, respectively. Therefore, better infrastructure development and decrease in corporate tax may enhance FDI inflows in SAARC countries. This infers that with the decrease in corporate tax, more FDI inflows may take place, and higher FDI inflows may decrease in corporate tax further. Therefore, this article suggests that SAARC countries should accelerate the process of integration of their economy with the rest of the world along with political stability, enhance the infrastructure facility and reduce the corporate tax to get the higher FDI inflows. JEL: F21, F02, C22
{"title":"Causal Nexus Between FDI Inflows and Its Determinants in SAARC Countries","authors":"Sushil K. Rai, Akhilesh K. Sharma","doi":"10.1177/1391561420940838","DOIUrl":"https://doi.org/10.1177/1391561420940838","url":null,"abstract":"This article aims to understand the drivers of foreign direct investment (FDI) inflows and its nexus with its determinants such as economic growth, inflation rate, labour productivity, infrastructure development, market size, openness of the economy, political stability and corporate tax for South Asian Association for Regional Corporation (SAARC) countries. The article is based on secondary data from the World Bank and International Labour Organization (ILO) for 19 years from 2001 to 2018 for 6 SAARC countries, viz. Bangladesh, Bhutan, India, Nepal, Pakistan and Sri Lanka. The findings indicate that there exists long-run, short-run and joint causal relationship among infrastructure development, market size, openness of the economy, political stability and corporate tax and FDI inflows. Among these variables, the corporate tax is the most important one because it shows bidirectional causality with FDI inflows in the long run as well as short run along with joint strong causality. However, only the coefficients of infrastructure development and corporate tax were found to be positively and negatively significant, respectively. Therefore, better infrastructure development and decrease in corporate tax may enhance FDI inflows in SAARC countries. This infers that with the decrease in corporate tax, more FDI inflows may take place, and higher FDI inflows may decrease in corporate tax further. Therefore, this article suggests that SAARC countries should accelerate the process of integration of their economy with the rest of the world along with political stability, enhance the infrastructure facility and reduce the corporate tax to get the higher FDI inflows. JEL: F21, F02, C22","PeriodicalId":39966,"journal":{"name":"South Asia Economic Journal","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-08-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78655743","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}
Pub Date : 2020-03-01DOI: 10.1177/1391561420908728
R. Chakrabarti, K. Sanyal
The impact of artificial intelligence (AI) on every aspect of our lives is inevitable and already being felt in numerous ways. Countries are grappling with the opportunities and challenges that AI presents. Among the South Asian countries, India has taken a lead in promoting and regulating AI. However, it lags significantly behind countries such as China or the United States. This article explores India’s AI ecosystem, the threats and challenges it faces, and the ethical issues it needs to consider. Finally, it examines the common concerns among South Asian nations and the possibility of coming together to promote and regulate AI in the region. JEL: Z: Z0: Z000
{"title":"Towards a ‘Responsible AI’: Can India Take the Lead?","authors":"R. Chakrabarti, K. Sanyal","doi":"10.1177/1391561420908728","DOIUrl":"https://doi.org/10.1177/1391561420908728","url":null,"abstract":"The impact of artificial intelligence (AI) on every aspect of our lives is inevitable and already being felt in numerous ways. Countries are grappling with the opportunities and challenges that AI presents. Among the South Asian countries, India has taken a lead in promoting and regulating AI. However, it lags significantly behind countries such as China or the United States. This article explores India’s AI ecosystem, the threats and challenges it faces, and the ethical issues it needs to consider. Finally, it examines the common concerns among South Asian nations and the possibility of coming together to promote and regulate AI in the region. JEL: Z: Z0: Z000","PeriodicalId":39966,"journal":{"name":"South Asia Economic Journal","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78078316","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}
Pub Date : 2020-03-01DOI: 10.1177/1391561420914187
F. Khatun, Syed Yusuf Saadat
Technological advancement can displace workers with machines, but also create new jobs. Hence, at the crux of the matter lies a race between the rate of technological advancement and the pace at which educational institutions can empower workers with the right skills. For the countries of the South Asian region, generating jobs for youth will prove to be a challenge in the backdrop of the Fourth Industrial Revolution. This paper investigates the impact of technological advancement on youth unemployment in the context of six South Asian countries, namely, Bangladesh, Bhutan, India, Nepal, Pakistan and Sri Lanka. The results of the panel instrumental variables model estimations show that lower secondary completion rate has a negative relationship and capital–labour ratio has a positive relationship with the share of youth not in employment, education or training. However, since the magnitude of the coefficient of the lower secondary completion rate is greater than the magnitude of the coefficient of the capital–labour ratio, it is concluded that education will win the race against technology in South Asia, as long as the educational attainment rates are high enough to offset the impact of technical progress. JEL: E24, J01, J13, J64
{"title":"Fourth Industrial Revolution, Technological Advancement and Youth Employment: A South Asian Perspective","authors":"F. Khatun, Syed Yusuf Saadat","doi":"10.1177/1391561420914187","DOIUrl":"https://doi.org/10.1177/1391561420914187","url":null,"abstract":"Technological advancement can displace workers with machines, but also create new jobs. Hence, at the crux of the matter lies a race between the rate of technological advancement and the pace at which educational institutions can empower workers with the right skills. For the countries of the South Asian region, generating jobs for youth will prove to be a challenge in the backdrop of the Fourth Industrial Revolution. This paper investigates the impact of technological advancement on youth unemployment in the context of six South Asian countries, namely, Bangladesh, Bhutan, India, Nepal, Pakistan and Sri Lanka. The results of the panel instrumental variables model estimations show that lower secondary completion rate has a negative relationship and capital–labour ratio has a positive relationship with the share of youth not in employment, education or training. However, since the magnitude of the coefficient of the lower secondary completion rate is greater than the magnitude of the coefficient of the capital–labour ratio, it is concluded that education will win the race against technology in South Asia, as long as the educational attainment rates are high enough to offset the impact of technical progress. JEL: E24, J01, J13, J64","PeriodicalId":39966,"journal":{"name":"South Asia Economic Journal","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83433078","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}
Pub Date : 2020-03-01DOI: 10.1177/1391561420908720
Saon Ray
Overall, the book is written in an accessible language for professionals. The intellectual breadth of the book is impressive, and it will certainly spark sound and thoughtful debate on Sri Lanka’s economic development challenges amongst academics, economists and policymakers. I enjoyed reading it and updated myself on many fronts of economic development challenges in Sri Lanka. I recommend this as an essential reading for those who are interested about Sri Lanka’s development challenges. Many of the chapters in this book are good supplementary reading materials for Master’s degree courses in development economics. The book is truly a tribute to the eminent economist – Dr Kelegama.
{"title":"Book Review: Sanjay Kathuria and Priya Mathur (Eds.), Strengthening Cross-Border Value Chains: Opportunities for India and Bangladesh (English)","authors":"Saon Ray","doi":"10.1177/1391561420908720","DOIUrl":"https://doi.org/10.1177/1391561420908720","url":null,"abstract":"Overall, the book is written in an accessible language for professionals. The intellectual breadth of the book is impressive, and it will certainly spark sound and thoughtful debate on Sri Lanka’s economic development challenges amongst academics, economists and policymakers. I enjoyed reading it and updated myself on many fronts of economic development challenges in Sri Lanka. I recommend this as an essential reading for those who are interested about Sri Lanka’s development challenges. Many of the chapters in this book are good supplementary reading materials for Master’s degree courses in development economics. The book is truly a tribute to the eminent economist – Dr Kelegama.","PeriodicalId":39966,"journal":{"name":"South Asia Economic Journal","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77094193","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}
Pub Date : 2020-03-01DOI: 10.1177/1391561420910956
A. Mukherjee
opportunities. It discusses how a regional value chain can emerge in the NER, with Bangladesh serving as the source country, particularly in the case of medical tourism. It also analyses the necessary conditions for this to happen, including participation in logistics services and transit arrangements. The report presents a rich analysis of the four sectors (spices, fruits and vegetables, bamboo and medical tourism) in the NER, drawing out strategic aspects in each of the value chains. This includes the opportunities for upgrading and specialization in particular segments of the chain. The opportunities for employment generation, especially of women and the poor, have also been analysed in each case. The emergence of the regional chain with Bangladesh is a possibility in each of these sectors and each chapter has explored how this can happen in detail. In the case of medical tourism, the likelihood of this is greatest. In the case of the other sectors, each chapter has also spelled out the barriers in greater regional integration. Given the low intra-regional trade in South Asia, this report presents promising suggestions, which must be taken up seriously by policymakers.
{"title":"Book Review: Sanjay Kathuria, Arti Grover, Viviana Maria Eugenia Perego, Aaditya Mattoo and Pritam Banerjee, Unleashing E-commerce for South Asian Integration","authors":"A. Mukherjee","doi":"10.1177/1391561420910956","DOIUrl":"https://doi.org/10.1177/1391561420910956","url":null,"abstract":"opportunities. It discusses how a regional value chain can emerge in the NER, with Bangladesh serving as the source country, particularly in the case of medical tourism. It also analyses the necessary conditions for this to happen, including participation in logistics services and transit arrangements. The report presents a rich analysis of the four sectors (spices, fruits and vegetables, bamboo and medical tourism) in the NER, drawing out strategic aspects in each of the value chains. This includes the opportunities for upgrading and specialization in particular segments of the chain. The opportunities for employment generation, especially of women and the poor, have also been analysed in each case. The emergence of the regional chain with Bangladesh is a possibility in each of these sectors and each chapter has explored how this can happen in detail. In the case of medical tourism, the likelihood of this is greatest. In the case of the other sectors, each chapter has also spelled out the barriers in greater regional integration. Given the low intra-regional trade in South Asia, this report presents promising suggestions, which must be taken up seriously by policymakers.","PeriodicalId":39966,"journal":{"name":"South Asia Economic Journal","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76402170","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}
Pub Date : 2020-03-01DOI: 10.1177/1391561420907777
H. Gunatilake
{"title":"Book Review: Dushni Weerakoon and Sisira Jayasuriya (eds.), Managing Domestic and International Challenges and Opportunities in Post-conflict Development: Lessons from Sri Lanka","authors":"H. Gunatilake","doi":"10.1177/1391561420907777","DOIUrl":"https://doi.org/10.1177/1391561420907777","url":null,"abstract":"","PeriodicalId":39966,"journal":{"name":"South Asia Economic Journal","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73541242","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}
Pub Date : 2020-03-01DOI: 10.1177/1391561420908078
A. Mukherjee, D. Satija
This paper examines the current status of use of Industrial Revolution 4.0 (4th IR) in South Asia and the role and need for regional cooperation to harness the potential and benefits of 4th IR. It examines the development across South Asian countries, their participation in international forums, their level of collaboration and cooperation in technology adaptation and digitalization. Based on secondary data analysis and in-depth meetings with experts, the paper explores the potential of 4th IR in this region and identifies the challenges of South Asian countries. It then presents recommendations on how the South Asian countries can harness the benefits of 4th IR and address their common concerns through collaborations under the South Asian Association for Regional Cooperation (SAARC), so that all member countries can benefit from 4th IR, by leveraging each other’s best practices and comparative advantages. This can help countries in the region to achieve high and inclusive growth and meet their sustainable development goals. JEL: O3, O57, F13
{"title":"Regional Cooperation in Industrial Revolution 4.0 and South Asia: Opportunities, Challenges and Way Forward","authors":"A. Mukherjee, D. Satija","doi":"10.1177/1391561420908078","DOIUrl":"https://doi.org/10.1177/1391561420908078","url":null,"abstract":"This paper examines the current status of use of Industrial Revolution 4.0 (4th IR) in South Asia and the role and need for regional cooperation to harness the potential and benefits of 4th IR. It examines the development across South Asian countries, their participation in international forums, their level of collaboration and cooperation in technology adaptation and digitalization. Based on secondary data analysis and in-depth meetings with experts, the paper explores the potential of 4th IR in this region and identifies the challenges of South Asian countries. It then presents recommendations on how the South Asian countries can harness the benefits of 4th IR and address their common concerns through collaborations under the South Asian Association for Regional Cooperation (SAARC), so that all member countries can benefit from 4th IR, by leveraging each other’s best practices and comparative advantages. This can help countries in the region to achieve high and inclusive growth and meet their sustainable development goals. JEL: O3, O57, F13","PeriodicalId":39966,"journal":{"name":"South Asia Economic Journal","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78987974","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}
Pub Date : 2020-03-01DOI: 10.1177/1391561420909007
N. Bhanumurthy, Lokendra Kumawat
The article examines relationship between financial globalization and economic growth in South Asian countries namely Bhutan, Bangladesh, India, Maldives, Nepal, Pakistan and Sri Lanka. Following the framework of Bekaert et al. (2005) and with the help of Panel VAR and Panel causality (in GMM framework) models the study concludes that the causation from financial globalization to growth in the region appears to be weak. There appears reverse causation running from growth to financial globalization. We found that domestic macroeconomic policies such as fiscal prudence act as pull factors for foreign capital. The article has some interesting results at individual country level. JEL: C33, F21, F36, F65
本文考察了南亚国家不丹、孟加拉国、印度、马尔代夫、尼泊尔、巴基斯坦和斯里兰卡的金融全球化与经济增长的关系。在Bekaert et al.(2005)的框架下，借助面板VAR和面板因果关系(GMM框架)模型，本研究得出结论，金融全球化对该地区增长的因果关系似乎很弱。从经济增长到金融全球化，似乎存在反向因果关系。研究发现，财政审慎等国内宏观经济政策对外资具有拉动作用。这篇文章在个别国家层面上有一些有趣的结果。Jel: c33, f21, f36, f65
{"title":"Financial Globalization and Economic Growth in South Asia","authors":"N. Bhanumurthy, Lokendra Kumawat","doi":"10.1177/1391561420909007","DOIUrl":"https://doi.org/10.1177/1391561420909007","url":null,"abstract":"The article examines relationship between financial globalization and economic growth in South Asian countries namely Bhutan, Bangladesh, India, Maldives, Nepal, Pakistan and Sri Lanka. Following the framework of Bekaert et al. (2005) and with the help of Panel VAR and Panel causality (in GMM framework) models the study concludes that the causation from financial globalization to growth in the region appears to be weak. There appears reverse causation running from growth to financial globalization. We found that domestic macroeconomic policies such as fiscal prudence act as pull factors for foreign capital. The article has some interesting results at individual country level. JEL: C33, F21, F36, F65","PeriodicalId":39966,"journal":{"name":"South Asia Economic Journal","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83338277","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}
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