Gokhale Institute of Politics and Economics

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    Economics Conclave 2015: Indian Economy: The Road to Renaissance: Day Two: 14 Mar 2015 (Video Talks)

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    Awareness of Janani Shishu Suraksha Karyakram among women in Maharashtra, India

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    JSSK scheme introduced in the year 2011 has an enormous potential to impact the treatment seeking behaviour and can lead to a decline in MMR, IMR, and morbidity. Awareness about schemes and subsequently utilization among the target beneficiaries are one of the key towards success of any programme. However, utilization among target beneficiaries is subject to the awareness about the scheme. This paper brings out the findings on awareness and utilisation of the JSSK services based on a sample of 2,266 women who had recently given birth as representative at the state level. Within the state Amravati, Nanded, Nashik and Pune districts in the urban and rural levels were selected. The findings suggest differential level of awareness among women in rural areas and urban slums. Percentage of women who have heard about the JSSK scheme was found to be quite high in rural areas (52 per cent) than in urban slums (32 per cent). However, among those who are aware of JSSK scheme only 62 per cent of women knew about the JSSK scheme provided to mothers and only 20 per cent of women knew about the JSSK scheme being provided to sick neonates. Nearly, a quarter of women who are aware of JSSK schemes reported free transport, drug, diagnostics, diet, and exemption from all kinds of user charges as entitlements, whereas only 50 per cent and 60 per cent of women were aware of free blood transfusion and free referral transport respectively. Inter-district comparison shows 55 per cent of the interviewed women from Pune were aware about JSSK whereas in Nanded district only 39 per cent of women interviewed were aware about JSSK. Overall, the impact and outreach of JSSK scheme are concentrated in rural areas. Awareness about JSSK with each and every entitlement needs to be further strengthened for mothers and specifically for neonates which is now extended to infants, women in urban slums and in Nanded distric

    Inter-generational households characteristics and living standards of the outlier groups in Wayanad, Kerala

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    Input-Output theory of interest rates (The)

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    Extant theories of interest rates seek to determine of the level of the interest rate without reference to the structure of interest rates. In contrast, this paper proposes a unified theory of the level and structure of interest rates. The unified theory is based on the simple idea that banks “produce” loans of different maturities from deposits of different maturities by providing the minimum prudential reserves to maintain their solvency while maximizing profitability. The optimal assignment of deposits to loans results in a system of equations (which is formally identical to the Leontief price system) that determines a unique positive solution for the structure of interest rates that banks must quote. Interest rate quotations thus derived normally exhibit their usual upward slopes but can become perverse in economic circumstances that require banks to meet short-term loan demand from their long-term deposits. Generalisations of the basic theory to cover issues like the pricing of default risks, determination of interest rate spreads and the effects of monetary policy have been discussed

    Comparative analysis of the Linder Hypothesis (The): The bilateral trade model between Iran and It’s trade partners

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    This study examines the “Linder theory” for bilateral trade of Iran. This theory is one of the main theories of the international trade based on the demand side. The Linder hypothesis implies that the more similar the demand structure of two countries is , the more intensive is the potential trade between these two countries. In the post-Revolution era, Iran’s trade direction and pattern have been changed. Presently, trade partners with higher per capita income are replaced by countries with lower per capita income. During the time period of this study 1992-2012, Iran has been considered as a developing country. It appears that Iran is trading more with developing countries. To test the validity of Linder theory, data related to 127 countries including Iran and its trading partners for the period of 1992-2012 is included as cross-sections in three models, which are fixed-random effects models, and two gravity models. Countries are divided into five groups which are Base group (Including all countries), high-income, upper-middle income, lower-middle income and low-income. In this study, Linder effects describe the effect of dissimilarity of Per Capita GDP of Iran and its trading partners on bilateral trade. Empirical estimations of this study suggest that there is a strong Linder effect for bilateral trade, which implies that there is also the Linder effect for trade in developing countries. Most of empirical studies have been testing Linder’s theory for developed countries. Since there are few studies about the Linder effect in developing world, this study also provides insight to prove Linder’s theory among developing countries. However, the Linder effect is not the only factor that affected trade pattern and direction of Iran. Political factors such as ideology of the Islamic Republic of Iran, international sanctions imposed on the country, domestic political instability, and other factors such as economics size of trading partners, distance among them as a proxy for transportation cost, common borders, etc affected bilateral trade

    Efficient resource utilization on small farms: Evidence from horticulture crops

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    Seminar delivered at Gokhale Institute of Politics and Economics (GIPE), Pune (India) on 03rd July 201

    Efficiency of rice producing states in production and cost: A stochastic frontier analysis

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    Cross Border Acquisitions by Indian Firms: Impact on Acquiring Firm’s Performance and Shareholder Wealth

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    After the regulatory reforms, large firms and industrial houses in India have started actively experimenting with acquisitions of foreign firms. Apparently, the motive behind mergers and acquisitions is to benefit from the synergies generated through the expansion of markets, increased cost efficiency, augmentation of technology and improved financial performance. However, it has been documented in the international literature that in most of the cases, the acquirer firm’s value and shareholder wealth deteriorates after acquisition. The present study aims at examining whether the large scale cross border acquisitions by Indian firms have succeeded in creating shareholder wealth and improving the acquiring firms’ performance. The study examines the impact of outbound cross border acquisitions by the large cap acquirer firms in India on shareholder wealth. ..

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