Over the last decades, "the resource curse paradox" has received ample attention in literature. Many studies literature have demonstrated that developing countries rich abundant natural resources experienced a slower rate of economic growth. However, none existing studies, to best our knowledge, explore whether financial inclusion can help resolve this paradox. In study, we attempt do using Ghana as case study. We applied fully modified ordinary least square (FM-OLS) historical data for...

We test the random-walk hypothesis for Indian stock market by applying three unit root tests with two structural breaks. find that allow breaks alone are not able to reject null; however, a recently developed simultaneously accounts heteroskedasticity and finds indexes mean reverting. Our results point importance of addressing when testing random walk high-frequency financial data.

This study proposes a method of calculating preference‐based spatial price indices that measure variation between regions. It shows how the traditional concept ‘true cost living index’, used in temporal comparisons, can also be comparisons. The usefulness proposed procedures is illustrated by applying them to Australian household expenditure data. results show during past two decades has increased steadily, with most recent period (2005–2009) witnessing large increase. ranking states, on...

This paper uses a methodology for evaluating the distributional implications of price movement inequality and poverty measurement. The is based on distinction between inequalities in nominal real expenditure. conversion to expenditure takes into account varying household preferences. empirical application Indian budget datasets from NSS rounds 50, 55, 61 shows usefulness proposed procedures. relative changes India have tended be reducing as confirmed by formal statistical tests. result...

This article examines the conditional income convergence hypothesis for 17 major states in India period of 1960–2012. Univariate stationarity tests without structural breaks provide evidence against hypothesis. However, when two or more are applied per capita series, incomes around 11–13 found to stochastically converge national average. finding supports panel as a whole after accounting data features, cross-sectional dependence and incomes, using unified testing framework.

This study uses a two-regime threshold autoregressive (TAR) model with an unit root to examine the efficiency of Indian stock market. Using 11 years' weekly data for two indices and 10 common stocks from National Stock Exchange (NSE) India, this applies Caner Hensen (2001 Caner, M. Hansen, B. E. 2001. Threshold autoregression root. Econometrica, 69: 1555–96. [Crossref], [Web Science ®] , [Google Scholar]) methodology simultaneously test presence nonlinearities in prices data. The main...

This article looks at the preconditions that an emerging economy needs to fulfill, before it can adopt inflation targeting as a monetary policy regime. The study is conducted using Indian case study. We conduct sector-wise analysis of evaluate independence India’s from fiscal, external, structural and financial perspectives. Dominance any these sectors may divert objective maintaining price stability in economy. Our suggests among four dominance issues, issue “structural dominance” most...

This study attempts to explore how relative income contributes the autonomy of women at both personal and household levels. The potential problem endogeneity, or reverse causality, in examining link between female is addressed using Instrumental Variable (IV) estimation approach. years education a woman her husband are used as instruments for woman's income. Along with use exogenous variables instruments, heteroskedasticity present data also exploited form women. results this suggest that...

Abstract Even after adopting various measures, recent years have witnessed a surge in environment‐related issues such as pollution and climate change. These been considered anthropogenic, it is well‐received notion that changing human behaviour crucial for sustainable development. Promoting pro‐environmental (PEB) requires understanding of associations among relevant factors; the present study aimed to explore same few less‐explored constructs, which, along with other factors, may...

Abstract We investigate the effect of parents' sex composition preferences on intentions for a third child in India. Parents' preference are balanced or mixed gender (a son and daughter) biased, commonly son, expected to change over time. Pooled sample 22,290 couples with two children from National Family Health Surveys (NFHS), conducted 2005/6 2015/16 is used analyze couples' its intentions. Our results show that desire dominates ten‐year period, as daughters 7 9 times more likely intend...