The degree of export fluctuations and its impact on income have been subject to a number of investigations. A major bone of contention has been whether developing countries experience a greater degree of fluctuation in ...

In this paper a general model of dualistic economies with urban informal sectors is proposed. The model is able to encompass a wide variety of distortions and institutional features which may affect such economies. Within ...

This paper deals with an analysis of the main factors explaining the inter-industry wage differentials in manufacturing sector of the Indian economy. It examines the basic theoretical framework which can provide a satisfactory ...

The main conclusion emerging from the analysis is that the inflationary impact of a budget deficit depends upon the method used to finance that deficit. Using a static and a dynamic macroeconomic model it has been shown ...

The need for environmental scanning acquires great policy significance for both the micro - unit and the macro - economy in a developing country like India which is trying to achieve the objectives of economic development ...

Initiatives in rural credit policies pertain to two instruments. These are institutional development and interest rates. Some of these initiatives are right for both these instruments, while some others are not. Former for ...

In much of the applied welfare economics, one finds the recurrent use of utilitarian objective functions, in arriving at social decisions. Apart from being completely insensitive to distributional issues, the utilitarian ...