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Macroeconomic Dynamics of Standard of Living in South Asia

  • Siddiqui, Muhammad Ayub;Mehmood, Zahid
    • Journal of Distribution Science
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    • v.11 no.7
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    • pp.5-13
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    • 2013
  • Purpose - The study explores social well-being of the community of five selected countries of the South Asia: India, Pakistan, Sri Lanka, Nepal and Bangladesh. The study compares effectiveness of macroeconomic policies across the countries through interactive effects of the macroeconomic policy variables with the regional dummy variables. Research design, data, and methodology - Using the data set for the period of 1990-2008, this study employs panel data models, quantile regression methods, and the fixed effects method, which the constant is treated as group or country-specific. The model can also be known as the least-squares dummy variables estimator. Results - The results reveal significant chances of improvement in the well-being of the people while living in India and Pakistan as compared to the other countries of the region where India relatively stands with better chances of providing opportunities to improve the well-being of the people. Conclusions - This study recommends an increasing allocation of budget on education and health in order to enhance social well-being in the South Asian region. Inflation is the main cause of deteriorating well-being of the South Asian community by escalating the cost of living. Comprehensive study is recommended by employing the micro data models in the region.

A Study on Behavioral Traits of Library and Information Science Students in South India

  • Baskaran, S.;Babu, B. Ramesha;Gopalakrishnan, S.
    • Journal of Information Science Theory and Practice
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    • v.1 no.1
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    • pp.54-68
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    • 2013
  • Human behaviour normally depends on the environment of the incident and the time of its occurrence. The behaviour of people depends on many factors and these behaviour traits are an important aspect in the Library and Information Science (LIS) field. Hence in this paper an attempt has been made to examine the behaviour traits of LIS students in South India. Out of 400 questionnaires distributed 367 have responded and the response rate is 91.75%. In this survey three aspects comprising student behaviour have been analysed such as Work Environment, Natural Environment, and Social Environment. In the case of Work Environment the respondents were grouped as Workaholic, Impatience, Achievement oriented, Rash nature, and Punctuality. Further, in respect to Natural environment, the respondents are grouped as Complacent, Patience, Easygoing, and Relaxed. Last, the respondents were grouped in the Social Environment as Balancing nature, Magnanimity, Naturalistic, Assertive nature, Dependency, Lucrative, Lonely nature, and Time Based personality. Finally the authors conclude that LIS students need to possess these qualities and behaviours to work in different environments.

Biomass Structure and Dry Matter Dynamics in a Fire Influencing Montane Subtropical Humid Grassland, Western Ghats Southern India

  • Paulsamy, S;Manian, S.;Udaiyan, K.;Arumugasamy, K.;Nagarajan, N.;Kil, B.S.
    • The Korean Journal of Ecology
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    • v.24 no.4
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    • pp.227-232
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    • 2001
  • The biomass structure for three major components viz., the dominant grass, Chrysopogon zeylanicus Thw., the 'other grasses' and the'remaining species'and dry matter dynamics for total community were studied over a period of one year in an annual fire influenced subtropical humid grassland community in Western Ghats, India. The biomass of aboveground, belowground and litter compartments were high as in other humid grasslands and generally have positive correlation with rainfall, rainy days and relative humidity with the exception of litter parts. The above and belowground net primary productions (4,561 and 722 g/㎡, respectively) were also higher and were comparable with other humid tropical grasslands. The turnover of organic matter was rapid, Of the total input of 14.47 g/㎡ into the system, about 86.3% was allocated to above ground parts and 13.7% to below ground parts. The total disappearance was 2.56 g/㎡ and it was accounted to be 17.68% of the total output. The net surplus of dry matter (82.32%) in the post fire community indicates that the grassland was maintained in a seral stage. Hence it is suggested that prescribed burning may keep this ecosystem in a highly productive and seral stage.

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Identifying Wastes in Construction Process and Implementing the Last Planner System in India

  • Bhatla, Ankit;Pradhan, Bulu;Choi, Jin Ouk
    • Journal of Construction Engineering and Project Management
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    • v.6 no.1
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    • pp.11-19
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    • 2016
  • Most of the Indian contractors are not well equipped to handle the growing demand of infrastructure development; hence construction projects frequently run in to time and cost overruns, disputes and quality issues. This study aims to improve the construction industry in India by implementing lean principles to eliminate non-value adding activities (wastes). The purpose of this study is to 1) identify the wastes and their sources affecting the construction process, and 2) to identify problems and document lessons by applying a Last Planner System (LPS) to a sample project. First, the researchers identified that Delays, Rework, and Interruptions were the most critical wastes affecting the construction process and Poor management control, Poor Planning and Shortage of Resources were the major sources of the above mentioned wastes. Second, the researchers report the Percent of Planned Complete (PPC) analysis results and experienced problems after implementation of LPS at the sample project. It was observed that much more improvement could have been achieved if there was consensus between the owners and the contractor on the implementation of the LPS in its entirety. Some of the problems experienced in the implementation of the LPS like lack of scheduling, resource and material shortage were found to be similar to those in developed countries.

FACTORS AFFECTING THE SUCCESS/FAILURE OF ROAD INFRASTRUCTURE PROJECTS UNDER PPP IN INDIA

  • Nallathiga, Ramakrishna;Shaikh, Haris D;Shaikh, Tauseef F;Sheik, Farhan A
    • Journal of Construction Engineering and Project Management
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    • v.7 no.4
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    • pp.1-12
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    • 2017
  • India has accorded a high priority to road infrastructure development through Public-Private Partnership (PPP) and it has set a high target for investment inflows. Yet, it is widely held that road/highway infrastructure has not been developing at required pace and that the road infrastructure projects under PPP have been suffering from several hurdles and delays, thereby affecting project success/failure. This paper is an attempt to analyze the critical success/failure factors of road infrastructure projects under PPP in India. A questionnaire survey was conducted among a sample of the stakeholders of road infrastructure projects to identify the critical success/failure factors during all four major project stages using different approaches. Initially, the critical factors were identified through ranking based on the average/mean score. Later, the conventional RII score was used to identify the critical success/failure factors. Finally, the critical success/failure factors were also identified based on the stakeholder-wise ranking of the factors and their convergence. The assessment revealed that there was a greater convergence across the different methods and also that there was greater consensus among project stakeholder on the critical success/failure factors of road PPP projects.

Impact Assessment of First Wave of Covid-19 Pandemic on Goods and Services Tax (GST) Revenue Collection & Distribution in India

  • NAIK, Dr. Maithili;HALDANKAR, Gajanan B.
    • Journal of Distribution Science
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    • v.19 no.10
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    • pp.43-54
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    • 2021
  • Purpose: The restrictions posed by the COVID-19 pandemic have affected the normal functioning of the economy. A country like India is facing a lot of concerns in all its sectors especially, in its fiscal system. This paper makes an attempt to examine the impact of COVID-19 first wave on Goods and Service Tax revenue collection and distribution in India and also studies the impact of COVID-19 first wave on the state wise GST revenue of the country. Research Design, Data and Methodology: Our study is based on published GST revenue data. Tools such as Paired Sample t-test, Wilcoxon signed rank test are employed to analyze the data. Results: Our results provide evidence that there is a sharp decline in the GST revenue in the months after the lockdown announcement. The large states show no significance impact of COVID-19 pandemic on GST collection. Whereas, small states like Manipur and Goa show significant difference in GST revenue collection & distribution between the pre and post lockdown period. Conclusion: The outcome of this study will help the policymakers to analyze the extent of the GST revenue loss to the government treasury and will allow them to take appropriate measures in the future.

Does Technological Progress, Trade, or Financial Globalization Stimulate Income Inequality in India?

  • GIRI, Arun Kumar;PANDEY, Rajan;MOHAPATRA, Geetilaxmi
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.2
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    • pp.111-122
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    • 2021
  • The main purpose of the present research is to analyze the effects of trade, financial globalization, and technological progress on income inequality in the Indian economy over the period from 1982 to 2018. For this purpose, the study uses economic growth, financial globalization, trade openness, technological development, and economic inequality variables with appropriate proxies. The study employs the Auto Regressive Distributed Lag (ARDL) approach to co-integration and VECM based Granger causality approach to estimate both the short-run and long-run relationship and causality among variables. Using the ARDL bounds test, the study finds a long-run co-integrating relationship existing among the variables in the model. The study confirms the existence of a positive and significant impact of technological progress on income inequality. Further, globalization's limited impact reflects two offsetting tendencies; trade globalization is associated with a reduction in income inequality, while financial globalization is related to an increase in inequality. The results of VECM based Granger causality approach further confirm that technological progress, trade, and financial globalization causes income inequality both directly and indirectly through economic growth and inflation. In case of India, the results of this research can significantly facilitate stakeholders and policymakers in devising policies towards effective globalization and technological innovation for inclusive growth.

The Effect of Government Expenditure on Unemployment in India: A State Level Analysis

  • NEPRAM, Damodar;SINGH, Salam Prakash;JAMAN, Samsur
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.3
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    • pp.763-769
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    • 2021
  • The relationship between government size and unemployment is an important topic of study in economics. Large public expenditure has been blamed for causing higher unemployment contrary to the belief that it would help in reducing unemployment. More research on the topic, however, needs to be done as the available literature has been based largely on data from developed countries. The present paper examines the existence of the relationship in states of India by using panel data analysis. For more comprehensive study, public expenditure is divided into development, non-development, and aggregate expenditures, while the types of unemployment under consideration are usual status and current weekly status. Indeed, it has been observed that development and non-development expenditures increase both the types of unemployment though the impact of the latter is higher. The findings are important as it implies that a cut in expenditure can be an important fiscal tool to fight unemployment. It was further observed that unemployment was higher among states with a more educated population, which also suggests a revisiting of the education policy in the country. States ruled by left parties have higher unemployment rate. Higher income states as well as states with higher growth rate tend to have lower unemployment rate.

A Study on Unfolding Asymmetric Volatility: A Case Study of National Stock Exchange in India

  • SAMINENI, Ravi Kumar;PUPPALA, Raja Babu;KULAPATHI, Syamsundar;MADAPATHI, Shiva Kumar
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.4
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    • pp.857-861
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    • 2021
  • The study aims to find the asymmetric effect in National Stock Exchange in which the Nifty50 is considered as proxy for NSE. A return can be stated as the change in value of a security over a certain time period. Volatility is the rate of change in security value. It is an arithmetical assessment of the dispersion of yields of security prices. Stock prices are extremely unpredictable and make the investment in equities risky. Predicting volatility and modeling are the most profuse areas to explore. The current study describes the association between two variables, namely, stock yields and volatility in equity market in India. The volatility is measured by employing asymmetric GARCH technique, i.e., the EGARCH (1,1) tool, which was used in building the study. The closing prices of Nifty on day-to-day basis were used for analysis from the period 2011 to 2020 with 2,478 observations in the study. The model arrests the lopsided volatility during the mentioned period. The outcome of asymmetric GARCH model revealed the subsistence of leverage effect in the index and confirms the impact of conditional variance as well. Furthermore, the EGARCH technique was evidenced to be apt in seizure of unsymmetrical volatility.

Gender Wage Gap in Rural Labour Markets: An Empirical Study of North East India

  • SINGH, Salam Prakash;NINGTHOUJAM, Yaiphaba
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.6
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    • pp.151-158
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    • 2022
  • Even after three decades of economic reforms, India's labor market is characterized by stark inter-gender differences in terms of both participation rate and working time. Identification of the causes is necessary to remove the disparity and unequal sharing of economic opportunities to make way for women's empowerment. This research attempts in that direction, examining the prevalence of these inequities in rural areas of North-East Indian states using unit-level data from the 2017-18 Periodic Labour Force Survey (PLFS). The methodology for the estimation here is based on Blinder- Oaxaca decomposition method after correcting for sample bias forwarded by Heckman. The analysis shows that in both labor force participation and the wage gap, the females in the region lag behind their male counterparts by a huge margin. Further, the analysis shows that one of the main factors leading to the difference is the disparities in human capital assets. On top of female educational enrollment being low, there is also a huge lack of higher educational attainment, while males have accomplished much better in both the parameters. Moreover, the presence of social stigma against women working and discrimination put the female labor outcomes in a gloomy state.