This book discusses the extent and nature of COVID-19 pandemic in India and its effect on the society and economy. The suggested management practices discussed here are also not stereotype. At the same time, it highlights deficiency in development fundamentals in India on several dimensions, especially health, education, quality of public spending, taxation orientation, external trade involvement across states, etc., deficiencies which create an inbuilt bottleneck toward the creation of a more equal society. While discussing these, the book throws light on how they were expectedly exacerbated by the sudden negative shock in the form of COVID-19 pandemic. Thus, the book has highlighted the COVID pandemic and its response in India in the background of certain less discussed aspects of development fundamentals.
The contents would be of interest to researchers and students studying socioeconomic aspect of developmental economics and also to policy makers and non-government entities involved in mitigating effects of pandemic in the socioeconomic sphere.
Author(s): Ajitava Raychaudhuri, Arpita Ghose
Series: India Studies in Business and Economics
Publisher: Springer
Year: 2023
Language: English
Pages: 322
City: Singapore
Preface
Contents
Editors and Contributors
The Dark Shadows of Pandemic and Its Management
The Complexity of Managing COVID-19: How Important Is Good Governance?
1 The Issue
2 The Ideas
3 The Way Forward
References
Covidonomics or the Curious Case of a Supply Constrained Keynesian Equilibrium
1 Introduction
2 Review of Literature
3 Key Macroeconomic Indicators
4 Transaction Cost-Constrained Simple Keynesian Model
4.1 Pre-covid Situation
4.2 The Covid-19 Case: Transaction Cost-Constrained Simple Keynesian Model
5 Transactions Cost Constrained Complete Keynesian Model
5.1 Vaccination Effect
5.2 Geopolitical Developments and Possible Impacts
6 Conclusions
References
Contact Intensity, Unemployment, and Finite Change—The Case of Entertainment Sector Under Pandemic: A General Equilibrium Approach
1 Introduction and Motivation
2 Pandemic-Led Impact on Creative Sectors: Current Literature and Empirical Facts
3 Modeling Frameworks for Short and Long Run Impact Evaluation
3.1 Core Model
3.2 Equilibrium and Comparative Statics
4 Variants of the Rudimentary Model
4.1 Very Short Run: Immobility of ‘K’
4.2 Longer Run or Medium Run: Intersectorally Mobile ‘K’
4.3 Longest Run: No ‘Sy’
5 Concluding Remarks
Appendix
References
Financing Recovery in the Post-Pandemic Indian Economy
1 Prelude
2 Channels of Expenditure for Economic Recovery
3 Monetization of Public Assets
4 Inflation and Monetary Policy
5 Fiscal Policy: Prospect of Increasing Public Debt
6 Concluding Remarks
Appendix
References
Envisioning the Future of Indian Higher Education in the Post-Covid Era: Challenges and Possibilities
1 Introduction
2 Higher Education as a Public Good, and a Common Good
3 Challenges Facing Indian Higher Education
4 A Proposal to Reconfigure Indian Higher Education: NEP 2020
4.1 The Regulatory Framework
4.2 ABC and Rising Dependence on Online Education
4.3 Funding and University Governance
5 A State-Regulated Market for Higher Education
6 Policy Implications for Higher Education
6.1 Teaching–Learning
6.2 Rising Importance of the Ed-Tech Companies
6.3 Research and Ranking
6.4 Academic Profession
7 Globalization and Internationalization
7.1 Internationalization
8 Discussion
8.1 Access and Equity
8.2 Quality
8.3 Circumscribing Autonomy and Institutionalizing Accountability
8.4 The Public Good Character of Higher Education
9 Concluding Remarks
References
Trends, Patterns and Regional Variations of COVID-19 Pandemic in India at Sub-national Level: Analysis Based on Spatial Econometric Method
1 Introduction
2 Scope and Objectives of the Study
3 Data and Methodology
4 Empirical Analysis
4.1 COVID Infection and Spatial Analysis: Sub-national Level
4.2 Spatial Econometric Results: SAR and SEM
5 Major Findings
References
The Fundamental Challenges for Development- Poverty, Inequality, Health, Education and External Trade
Exploring the Significance of Food Insecurity Mediated Poverty and Low Productivity Traps: Furthering Policy by Reconciling Secondary Data with Primary Survey
1 Introduction
2 Evidence-Based Review of the Hypotheses Underlying the Food Insecurity Mediated Poverty Trap
2.1 Food Insecurity and Consumption Expenditure: Review of Evidence
2.2 Anthropometric Evidence and Wealth Status: Review of Evidence
2.3 The Literature on the Causality Running from Income Poverty or Malnutrition to Poor Human Capital Formation
3 Research Objectives
4 Methodology
4.1 The Primary Survey
4.2 Secondary Data-Based Study
5 Results
5.1 Results from the Secondary Survey
5.2 Results from the Primary Survey
6 Conclusions and Implications for Policy and Future Research
Appendix: Questionnaire for Primary Survey
References
State-Level Exports: An Alternate Estimate
1 Introduction
2 ASI Unit-Level Data Description
3 Detailed Methodology and Export Data Generation
4 State-Level Export Structure
5 Comparison Between Export and Production Structures at the Sub-national Level
6 Conclusions
References
Subaltern Culture and Happiness in Tribal Communities of West Bengal
1 Introduction
2 Objectives and Testable Hypotheses
3 Data
4 The Questionnaire
5 Framework of Regression Analysis
5.1 Indexation
5.2 Field Survey Observations/Overview of the Sample
5.3 Statistical Analysis
6 Policy Prescriptions and Conclusion
Appendix: Questionnaire
References
Is the GST Reform Pro-poor in India?
1 Introduction
2 Methodology and Data Source
3 Descriptive Analysis
4 Conclusion and Policy Prescriptions
Appendix: Figures for the Intra Group Study: Classification of Pro-poor and Pro-rich Commodities
References
Public Expenditure Quality of States for Education and Health, Does Rationalisation of Grants Matter?
1 Introduction
2 Adequacy of Public Expenditure by States on Elementary Education and Rural Healthcare
3 Effectiveness of Public Expenditure by States on Elementary Education and Rural Healthcare
4 Efficiency of Public Expenditure of States on Elementary Education and Rural Healthcare
5 Impact Assessment of CSS Rationalisation on Public Expenditure by States on Elementary Education and Rural Healthcare
6 Concluding Observations and Some Policy Suggestions
Appendix: Essentials of Data Envelopment Analysis and Meaning of Efficiency Scores
References
Measurement and Determinants of Efficiency of Government and Government-Aided Secondary Schools in Kolkata: An Application of Data Envelopment Approach
1 Introduction
2 Methodology of Estimation, Determinants of TE and Data Sources
2.1 Methodology of Estimation of TE
2.2 Methodology for Finding Output-Oriented TE
2.3 Input and Output Variables for Efficiency Measurement
2.4 Possible Determinants of Output-Oriented TE
2.5 The Method of Data Collection
2.6 Description and Definition of the Variables
3 Empirical Findings
3.1 Descriptive Statistics
3.2 Measure of Technical Efficiency
3.3 Determinants of Output-Oriented TE
4 Summary and Policy Suggestions
References
Unequal Inequalities in India: Income and Non-income Dimensions
1 Post-COVID Economic Inequality
2 Aspects of Income Inequality in India
2.1 Inequality Between Social Groups
3 Inequality in Non-income Space
4 Conclusion
Appendix
References
