This book covers a wide range of the issues in development studies. Recognizing the existence of manifold challenges in achieving and sustaining economic development, it is divided into four sections―(i) The Macroeconomy: Foreign Trade, Structural Transition and the Environment, (ii) Health and Standard of Living, (iii) Education, Human Capital and Evolution of the Employment Quality in India, and (iv) Banking and Credit: Access, Efficiency and Stability. The book brings together a right mix of senior and young economists who use cutting edge econometric techniques and/ or revisit a perennial question with much sharper focus and tools to unravel insights that are important and will inform tomorrow’s theorisation and policy making. The volume looks at important questions like spatial concentration of low infant and child health outcomes, trade liberalisation and export quality, intergenerational occupational mobility, multidimensional poverty incidence in rural India, robustness of the banking sector, to name a few. To do so, the contributions use novel and esoteric methods like machine learning, spatial econometrics, system GMM, quintile regression and counterfactual decomposition (QRCD), and so on. The rich collection holds importance for researchers and policy makers alike, and also for practitioners working in different developmental sectors..
Author(s): Supravat Bagli, Gagari Chakrabarti, Prithviraj Guha
Series: India Studies in Business and Economics
Publisher: Springer
Year: 2022
Language: English
Pages: 440
City: Singapore
Foreword
Preface
Contents
Editors, Contributors and Reviewers
Abbreviations
1 Introduction
1.1 Context
1.2 The Coverage
1.3 Concluding Remarks
References
Part I The Macroeconomy: Foreign Trade, Structural Transition and the Environment
2 Asymmetric Quality Effect of Input Trade Liberalization
2.1 Introduction
2.2 The Model
2.3 Sector-Specific Input Trade Liberalization
2.3.1 Liberalization of Tariff on Imported Input I
2.3.2 Liberalization of Tariff on Imported Input M
2.3.3 Choice of Sector-Specific Input Trade Liberalization
2.4 Across-The-Board Input Trade Liberalization
2.5 Effect on Value of Exports
2.6 Future Empirical Analysis
2.7 Conclusion
Appendix
Profit Maximizing Choice of Quality of Z Exports and the ΠZ Curve
Determination of Slope of MN Curve
Input Trade Liberalization and Change in Equilibrium Quality
Change in Quality Under Sector-Specific/Selective Input Trade Liberalization
Equiproportionate Across-the-Board Input Trade Liberalization
Proof of Lemma 2.1
Effect on Value of Exports of Good Z
Proof of Lemma 2.2
References
3 Informal Sector in India: A Critique of Inclusive Transition
3.1 Introduction
3.2 A Model of Formal–Informal–Agriculture Interactions
3.2.1 The Structure of Our Model Economy
3.2.2 Comparative Static Analysis and the Phenomenon of Non-Transition
3.3 Formal–Informal–Agriculture Interactions and Differentiation Within the Informal Sector
3.3.1 Empirical Exercise and Data Source
3.4 Concluding Remarks
Appendix 1
References
4 An Analysis of the Medical Devices Sector in India—Domestic Manufacturing and International Trade
4.1 Introduction
4.2 Methodology
4.3 Structure of the Manufacturing Sector for Medical Devices in India
4.4 Domestic Production Profile of Medical Devices Sector in India
4.5 Import–Export Profile of Medical Devices to and from India
4.6 Discussions and Conclusions
Appendix 1
References
5 Impact of Climate Change on Agriculture: Empirical Evidence from South Asian Countries
5.1 Introduction
5.2 Data
5.2.1 Data Sources
5.2.2 Stationarity of Data
5.3 Methodology
5.4 Results
5.5 Conclusion
References
Part II Health and Standard of Living
6 Hurdles in Fuel Choice and Consumption in Rural India
6.1 Introduction
6.2 Literature Review
6.3 Data and Methodology
6.3.1 Data
6.3.2 Methodology
6.4 Results and Discussions
6.4.1 Results
6.4.2 Discussion on Results
6.5 Conclusion
References
7 Explaining Cross-Region Disparities in Childhood Stunting in India
7.1 Introduction
7.2 Materials and Methods
7.2.1 Data and Variables
7.2.2 Methods
7.3 Results
7.3.1 Descriptive Statistics of HAZ Scores Across Regions
7.3.2 Sample Characteristics of Study Children Across Regions
7.3.3 Recentered Influence Function (RIF) Quantile Regression
7.3.4 Counterfactual Decompositions
7.4 Discussion
References
8 How Long We Will Wait to Celebrate the First Birthday of Infants in India?
8.1 Introduction
8.2 Research Questions
8.3 Data and Methods
8.3.1 Data
8.3.2 Methodology
8.4 Results
8.4.1 Trends in Rural–Urban IMR
8.4.2 Choropleth Maps
8.4.3 Regression Analysis
8.5 Summary and Conclusion
References
9 Incidence of Wasted Pregnancy and Health Facilities: An Empirical Study of the Indian Women
9.1 Introduction
9.2 Literature Review
9.3 Data and Methodology
9.3.1 Data Sources and Econometric Models
9.3.2 Working Definition of the Variables Used in the Model for the Prevalence of Wasted Pregnancy
9.3.3 Socioeconomic–Demographic Traits Affecting the Health and Access to Healthcare Facilities
9.3.4 Statistics of Wasted Pregnancy in Respect of Selected Health-Related and Socioeconomic Factors
9.4 Findings and Discussion
9.5 Conclusion and Policy Recommendations
References
10 Analysis of Quality of Living Data of Households of Indian Districts Using Machine Learning Approach of Fuzzy C-Means Clustering
10.1 Introduction
10.2 Description of the Problem
10.3 Method of Fuzzy C-Means Clustering
10.4 Results and Discussion
10.5 Conclusion
References
11 Multidimensional Poverty in Rural India: An Exploratory Study of Purulia District
11.1 Introduction
11.2 Literature Review and Profile of Purulia District
11.3 Methodology and Data
11.3.1 Measure of the Incidence and Intensity of Income Poverty
11.3.2 Measure of the Incidence and Intensity of Multidimensional Poverty
11.3.3 Data Sources
11.4 Empirical Findings and Discussion
11.5 Conclusion with Policy Prescriptions
References
Part III Education, Human Capital and Evolution of the Employment Quality in India
12 Input-Oriented Technical Efficiency and Its Determinants of Primary Education in West Bengal: A District-Level Analysis
12.1 Introduction
12.2 Methodology and Data
12.2.1 Methodology for Finding Input-Oriented TE Score
12.2.2 Description of Radial and Slack Movements
12.2.3 The Variables Used for the Determinants of Input-Oriented Technical Efficiency
12.2.4 Data Sources
12.3 Empirical Findings
12.3.1 Results of Estimation of Technical Efficiency Score
12.3.2 Comparison of Technical Efficiency Score and Literacy Rate and Educational Development Index
12.3.3 Analysis of Radial and Slack Movements of Different Inputs
12.3.4 Factors Influencing Technical Efficiency Score
12.4 Summary and Policy Suggestions
References
13 Public Expenditure on Pre-tertiary and Tertiary Education: Effects on Skilled–Unskilled Wage Inequality
13.1 Introduction
13.2 Endogenous Skill Formation and Determination of Skilled and Unskilled Labour Supply
13.3 The General Equilibrium Model
13.4 Effects of Government Subsidy on Pre-tertiary and Tertiary Education
13.5 Conclusion
Appendix
References
14 Not in Education, Employment or Training: Incidence, Determinants and Costs in India
14.1 Introduction
14.2 Literature Review
14.3 Research Objective
14.4 Database and Methodology
14.4.1 Database
14.4.2 Operational Definition of NEET
14.4.3 Methodology
14.5 Findings
14.5.1 Estimates
14.5.2 Correlates of NEET
14.5.3 Determinants of NEET
14.5.4 Marginal Effects
14.5.5 Costs
14.6 Conclusion
References
15 An Exploration into Inter-Generational Occupational Mobility in India: Evidences from IHDS-II
15.1 Introduction
15.2 Literature Review
15.3 Dataset
15.4 Empirical Strategy
15.4.1 Data Mining
15.4.2 Absolute Mobility
15.4.3 Level of Mobility
15.4.4 Wealth Index
15.4.5 Regression Specification
15.5 Analysis and Results
15.5.1 Mobility Matrix
15.5.2 Absolute Mobility
15.5.3 Level of Mobility: Other Indexes
15.5.4 Logistic Regression: Results and Explanation
15.6 Summary and Conclusion
References
Part IV Banking and Credit: Access, Efficiency and Stability
16 Openness and Potential Fragility of the Global Banking System
16.1 Introduction
16.2 Literature Review
16.3 Data and Variables
16.3.1 Choice of Countries
16.3.2 Dependent Variable: The Stability Index
16.3.3 Independent Variables
16.3.4 Other Explanatory Variables
16.4 Methodology: Dynamic Panel Data
16.5 Results and Discussion
16.5.1 Descriptive Statistics and Panel Unit Root Testing
16.5.2 Results of the Dynamic Panel Data Analysis
16.6 Conclusion
References
17 Informal Trade Credit Guarantee Networks
17.1 Introduction
17.2 Networks
17.2.1 Model
17.2.2 Trade Credit Guarantee
17.3 Network Architecture
17.4 Concluding remarks
Appendix
References
18 Repeated Lending in Informal Credit Markets with Adverse Selection and Strategic Default
18.1 Introduction
18.2 The Model
18.3 Variation in Borrower Types: Full Information
18.4 Different Types of Borrowers: Adverse Selection
18.5 Comparative Statics
18.6 Conclusion
Appendix
Determination of Critical Level of Population Proportion
Determination of Critical Level of Population Proportion with Growing Population of Borrowers
Sufficiency Condition of 0 lef* = Yp(δP - δM )YpδP - LδL le1
Derivatives of fast with Respect to Different Parameters
Impact of Change in p on Market Interest Rate
Impact of Change in Y on Market Interest Rate
Impact of Change in L on Market Interest Rate
Impact of change in δM on market interest rate
References
19 Financial Inclusion in India: An Intertemporal Study
19.1 Introduction
19.2 Literature Review and Measures of Financial Inclusion
19.3 Methodology and Data Sources
19.4 Findings and Discussion
19.5 Concluding Remarks
References
