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Determining the Attributes of Short-Term Migration to Kashmir, India 确定印度克什米尔短期移民的属性
Farah Farooq Shah, D. Joshi
The research uses data from a multi-stage survey performed in 2019 to evaluate short-term migrants’ characteristics and sectoral transitions in Kashmir. After locating in-migrants in the selected clusters, we randomly selected 253 samples in a 70:30 urban–rural ratio. The IV-Probit is used to identify the features of short-term migration to the valley. Results reveal that short-term migrants are primarily absorbed in construction. In addition, most in-migrants are unskilled and come from marginalised communities. This study contributes to the knowledge on migration in a developing nation like India, particularly in Kashmir. In addition to temporarily increasing the urban inflow, short-term labour migration may assist the family left behind by remitting revenue. Hence, these results are critical for policymaking regarding mobility, urban development and the expanding construction sector. JEL Codes: J6; C2
该研究使用了2019年进行的一项多阶段调查的数据,以评估克什米尔短期移民的特征和部门转型。在对所选集群的外来人口进行定位后,我们以70:30的城乡比例随机抽取了253个样本。IV-Probit用于识别短期向山谷迁移的特征。结果表明,短期流动人口主要被建筑业吸收。此外,大多数移民没有技术,来自边缘社区。这项研究有助于了解像印度这样的发展中国家,特别是克什米尔地区的移民情况。除了暂时增加城市流入外,短期劳动力迁移可以通过汇出收入来帮助留守家庭。因此,这些结果对于交通、城市发展和不断扩大的建筑部门的政策制定至关重要。JEL代码:J6;C2
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引用次数: 1
ARDL Approach to Drivers of Inclusive Growth In India 印度包容性增长驱动因素的ARDL方法
Haroon Rasool, Masudul Hasan Adil, Md.Ali Tarique
The call for inclusive growth has been unanimously declared by policymakers across the world. With India’s rapid economic growth rate, Indian policymakers also set its economy on the track of inclusive growth while formulating the 11th Five Year Plan. Despite, India’s fast-growing and vibrant economy, it fails poorly in Human Development Index ranked 131 in 2016. An unfortunate aspect of the current phase of high growth of the Indian economy has been its ‘non-inclusive’ nature. The distribution of income has been highly iniquitous. The richest 1% in India cornered 73% of the wealth generated in 2017, presenting a worrying picture of rising income inequality. In this regard, the study attempts to identify the determinants of inclusive growth in India by using annual data from 1981 to 2015. The study employs the autoregressive distributed lag (ARDL) model and the error correction method (ECM) to investigate the long-run and short-run relationship between inclusive growth and its determinants. The bounds test findings confirm the cointegrating relationship among variables. The ARDL estimates suggest that growth in initial income, government expenditure, human development, investment and financial development fosters inclusive growth; while inflation and population growth dampens it. The results also imply that increasing trade openness and foreign direct investment would not be beneficial for India in terms of growth inclusiveness. Based on these findings, the study recommends that the Government of India should take appropriate steps to increase per capita income and social spending with particular attention to macroeconomic stability while they work at improving the quality of population in order to achieve sustainable and robust inclusive growth. JEL Codes: Q4, F1, H7, D31, O43
全球政策制定者一致呼吁实现包容性增长。随着印度经济的快速增长,印度决策者在制定“十一五”规划时,也将印度经济置于包容性增长的轨道上。尽管印度经济快速增长,充满活力,但在2016年的人类发展指数中排名第131位,表现不佳。印度经济当前高增长阶段的一个不幸方面是其“非包容性”。收入分配极不公平。2017年,印度最富有的1%人群攫取了73%的财富,呈现出令人担忧的收入不平等加剧的局面。在这方面,本研究试图通过使用1981年至2015年的年度数据来确定印度包容性增长的决定因素。本研究采用自回归分布滞后(ARDL)模型和误差修正法(ECM)研究包容性增长及其决定因素之间的长期和短期关系。边界检验结果证实了变量之间的协整关系。ARDL估计表明,初始收入、政府支出、人力发展、投资和金融发展的增长促进了包容性增长;而通货膨胀和人口增长则抑制了它。研究结果还表明,就增长包容性而言,提高贸易开放度和外国直接投资对印度没有好处。基于这些发现,该研究建议印度政府在努力提高人口素质的同时,应采取适当措施增加人均收入和社会支出,特别注意宏观经济稳定,以实现可持续和强劲的包容性增长。JEL代码:Q4, F1, H7, D31, O43
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引用次数: 0
Resolution of Non-performing Assets of Commercial Banks: The Evidence from Banker’s Perspective in Indian Banking Sector 商业银行不良资产处置:来自印度银行业银行家视角的证据
Sonia Chawla, S. Rani
The present article draws on the banker’s perspective and extracts some practical insights about the factors behind specific NPAs resolution strategies. Based on the thorough review of the perspective, conceptual and empirical literature, and using exploratory factor analysis (EFA), the study has identified 21 dimensions for ‘management of NPAs’. The empirical analysis of these dimensions has extracted 7 factors for management to be significant. A structured questionnaire has been developed and data has been collected from officers in different banks in India, especially working in the credit department. The questionnaire has been empirically tested for reliability and validity using confirmatory factor analysis (CFA) and also Z-test for checking the significance of the explored and confirmed factors. The present research work offers pragmatic suggestions for banking regulators, on improving the asset quality of banks in India and also throws new insights on effective credit management in banks. JEL Codes: G01, G21, G32, E44
本文借鉴了银行家的观点,并对具体的不良资产处置策略背后的因素提取了一些实用的见解。基于对视角、概念和实证文献的全面回顾,并使用探索性因素分析(EFA),该研究确定了“NPA管理”的21个维度。通过对这些维度的实证分析,提取了7个具有显著管理意义的因素。已经编制了一份结构化问卷,并从印度不同银行的官员那里收集了数据,尤其是在信贷部门工作的官员。使用验证性因素分析(CFA)和Z检验对问卷的信度和有效性进行了实证检验,以检验探索和确认的因素的显著性。目前的研究工作为银行监管机构提高印度银行的资产质量提供了务实的建议,也为银行有效的信贷管理提供了新的见解。JEL代码:G01、G21、G32、E44
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引用次数: 0
Editorial 社论
S. Bhushan
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引用次数: 0
Olivier Blanchard and Dani Rodrik (Ed.), Combating Inequality: Rethinking Government’s Role. Cambridge, Massachusetts, London, England: The MIT Press, 2021, pp. 312, $34.95. ISBN: 9780262045612. Olivier Blanchard和Dani Rodrik(编辑),《消除不平等:重新思考政府的作用》。马萨诸塞州剑桥,英国伦敦:麻省理工学院出版社,2021年,第312页,34.95美元。ISBN:9780262045612。
G. P.
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引用次数: 0
The Nexus Between Remittance Inflows and Financial Development in India: Substitutes or Complements? 汇款流入与印度金融发展的关系:替代还是互补?
Abdhut Deheri
This article investigates the relationship between remittance inflows and financial development in India from 1980 to 2018. The study employed Autoregressive Distributed Lag (ARDL) and Vector Error Correction (VEC) models to capture the short and long-run dynamics. In addition, the impulse response function (IRF) and forecast error variance decomposition (FEVD) analysis were utilised to understand the dynamic reaction of financial development to a given shock to remittance inflows and other variables. The results of the ARDL model reveal that remittances negatively influence financial development in the short run, while they positively influence it in the long run. The IRF analysis shows that financial development responds positively to one standard positive shock to remittance inflows. The FEVD analysis further reveals that shocks to remittance inflows explain around 30% to 32% of the total variation in financial development. From a policy standpoint, the findings suggest that well-framed policies should be formulated and implemented to encourage more remittance flows through formal channels. It will boost financial development, economic growth and also increase the other developmental effects of remittances on the economy. JEL Codes: C32, F22, F37
本文研究了1980年至2018年印度汇款流入与金融发展之间的关系。研究采用自回归分布滞后(ARDL)和矢量误差校正(VEC)模型来捕捉短期和长期动态。此外,利用脉冲响应函数(IRF)和预测误差方差分解(FEVD)分析来了解金融发展对汇款流入和其他变量的特定冲击的动态反应。ARDL模型的结果表明,汇款在短期内对金融发展产生负面影响,而在长期内则产生积极影响。国际货币基金组织的分析表明,金融发展对汇款流入的一个标准正冲击作出了积极反应。FEVD的分析进一步表明,对汇款流入的冲击解释了金融发展总变化的30%至32%左右。从政策的角度来看,调查结果表明,应制定和实施框架良好的政策,以鼓励更多的汇款通过正式渠道流动。它将促进金融发展和经济增长,并增加汇款对经济的其他发展影响。JEL代码:C32, F22, F37
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引用次数: 0
Indian Economy@75: Achievements, Gaps and Aspirations for the Indian Centenary 印度Economy@75:印度百年的成就、差距和愿望
Nagesh Kumar
One of the largest and richest economies of the world in much of the human history, India emerged from the colonial rule in 1947, as one of the poorest countries. Much has been achieved over the past 75 years in both economic and social terms. However, many challenges remain that need to be addressed over the next quarter century. In this essay, an overview of the key achievements and the gaps in India’s socio-economic development is presented, in the context ‘Azadi ka Amrit Mahotsav’, celebrating India’s 75th year of Independence. It also summarises aspirations for the Indian Centenary that will be celebrated in 2047 and a vision of India’s global leadership, not only in economic terms but also in terms of prosperity that is more inclusive, more sustainable and more resilient to enable her to celebrate the Centenary with a greater sense of national pride, achievement and fulfilment, becoming a role model for the developing world! JEL Codes: O53, O14, O11, O12
印度是人类历史上最大、最富有的经济体之一,1947年摆脱殖民统治,成为最贫穷的国家之一。过去75年来,在经济和社会方面都取得了很大成就。然而,仍有许多挑战需要在未来25年解决。在这篇文章中,概述了印度社会经济发展的主要成就和差距,在“Azadi ka Amrit Mahotsav”的背景下,庆祝印度独立75周年。它还总结了将于2047年庆祝的印度百年纪念的愿望,以及印度在全球领导地位的愿景,不仅在经济方面,而且在更包容、更可持续、更有弹性的繁荣方面,使她能够以更大的民族自豪感、成就和满足感庆祝百年纪念,成为发展中国家的榜样!JEL代码:O53, O14, O11, O12
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引用次数: 1
Impact of Family Background on Cognitive Skills: An Empirical Investigation 家庭背景对认知技能影响的实证研究
Sreyash Sarkar, A. Chaudhury, Madhabendra Sinha
This study desires to look at the impact of family background on cognitive skills of the children. On the basis of primary survey of two districts of West Bengal—namely Bankura and Nadia—and using the fathers’ education, occupation and per capita household income as the proxies for family background we have employed multinomial probit and ordered logit regression model for this analysis. The findings reveal that there exists a significant positive association between family background and cognitive skills of the child indicating the existence of poor intergenerational mobility in education in the surveyed region. JEL Codes: I20, I24, I28
本研究希望观察家庭背景对儿童认知技能的影响。在对西孟加拉邦的两个地区(即班库拉和纳迪亚)进行初步调查的基础上,并使用父亲的教育、职业和人均家庭收入作为家庭背景的指标,我们采用了多项式多项式和有序logit回归模型进行分析。研究结果表明,家庭背景与儿童的认知技能之间存在显著的正相关关系,这表明受调查地区的教育代际流动性较差。JEL代码:I20、I24、I28
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引用次数: 1
What Explains Caste-based Wage Inequalities and Earning Gaps in the Indian Labour Market? Theil and Oaxaca Decomposition Analysis 是什么解释了印度劳动力市场中基于种姓的工资不平等和收入差距?泰尔和瓦哈卡分解分析
Pallavi Gupta, S. Kothe
Caste-based wage discrimination can counteract the development process. This article uses two distinct estimation methods to examine earning gaps between forward castes also referred to as ‘general category’ workers and traditionally disadvantaged or ‘backward caste’ workers in the Indian labour market. First, we interpret the inequality indicator of the Theil index and decompose Theil to show within and between-group inequalities. Second, a Threefold Oaxaca Decomposition is employed to break earnings differentials into components of endowment, coefficient and interaction. Earning gaps are examined separately in urban and rural divisions. Within-group inequalities are found larger than between groups across variables, with a higher overall inequality for forward castes. Wage differentials are substantially greater for urban areas and favour FC. A high endowment implies pre-market discrimination in human capital investments such as nutrition and education. Policymakers should first invest in basic quality education and simultaneously expand postgraduate diploma opportunities, subsequently increasing participation in the labour force for traditionally disadvantaged in disciplines and occupations where forward castes have long dominated. JEL Codes: J01, J08, J15, J30, J31, J71
基于种姓的工资歧视可以抵消发展进程。本文使用两种不同的估计方法来研究印度劳动力市场中被称为“一般类别”工人的前种姓和传统上处于不利地位或“后种姓”工人之间的收入差距。首先,我们解释了泰尔指数的不等式指标,并将泰尔分解为群内不等式和群间不等式。其次,采用三重瓦哈卡分解法将收入差异分解为禀赋、系数和相互作用的组成部分。收入差距在城市和农村分别进行了审查。在变量方面,群体内部的不平等比群体之间的不平等更大,前种姓的总体不平等更高。城市地区的工资差距大得多,有利于FC。高捐赠意味着在营养和教育等人力资本投资方面存在市场前歧视。政策制定者应首先投资于基础优质教育,同时扩大研究生文凭的机会,随后增加传统上处于弱势的人在前沿种姓长期占主导地位的学科和职业中的劳动力参与度。JEL代码:J01、J08、J15、J30、J31、J71
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引用次数: 2
Unveiling Gender Gap in Educational Performance: Evidence from India 揭示教育成绩中的性别差距:来自印度的证据
K. Nagi, G. Sridevi
This paper aims to answer if there is a gender-based disparity in educational performances due to the children’s background characteristics. What are the factors that cause a gender gap and the extent to which these factors contribute to the gap in educational performance? The study attempts to approach these questions using the fourth round of Young Lives survey data for the older cohort. Based on the results of a simple linear regression model and gender-based means of the explanatory variables, we adopted the Oaxaca–Blinder decomposition technique. Regression results show gender, time to study, social background, mother’s education, expenditure on education and years of education significantly influence the children’s mathematics performance and ceteris paribus. The majority of the performance difference, using the Oaxaca–Blinder technique, was explained by the differences in the variation of the mean outcome of male and female children, applied to the impact of female children. The entirety of the coefficient effect is explained by the body mass index and years of schooling a child has received. JEL Codes: I21, I22, I24, I25, I26, I29
本文旨在回答由于儿童的背景特征是否存在基于性别的教育表现差异。造成性别差距的因素是什么?这些因素在多大程度上导致了教育成绩的差距?该研究试图利用第四轮青年生活调查数据来解决这些问题。基于简单线性回归模型的结果和解释变量的性别均值,我们采用了Oaxaca-Blinder分解技术。回归结果显示,性别、学习时间、社会背景、母亲受教育程度、教育支出和受教育年限显著影响儿童的数学成绩和其他条件。使用瓦哈卡-布林德技术,大多数表现差异可以用男女儿童的平均结果变化的差异来解释,并应用于女性儿童的影响。整体的系数效应是由一个孩子的身体质量指数和受教育年限来解释的。JEL代码:I21、I22、I24、I25、I26、I29
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引用次数: 0
期刊
The Indian economic journal : the quarterly journal of the Indian Economic Association
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