Dilip Dutta

An aggregate import demand function for Bangladesh: a cointegration approach

This paper investigates the existence of a long-run aggregate merchandise import demand function for Bangladesh during the period 1974 - 94. The cointegration and error correction modelling approaches have been applied. Empirical results suggest that there exists a unique long-run or equilibrium relationship among real quantitities of imports, real import prices, real GDP and real foreign exchange reserves. The dynamic behaviour of import demand has been investigated by estimating two types of error correction models, in which the error correction terms have been found significant. In model I, real import prices and real GDP (lagged one year) and in model II, real import prices, real GDP (lagged one year), real imports (lagged one quarter) and a dummy variable capturing the effects of import liberalization policies have all emerged as important determinants of import demand function. The error correction models have also been found to be robust as they satisfy almost all relevant diagnostic tests.

An aggregate import demand function for India: a cointegration analysis

This paper investigates the behaviour of Indian aggregate imports during the period 1971–1995. In the empirical analysis of the aggregate import demand function for India, cointegration and error correction modelling approaches have been used. In the aggregate import demand function for India, import volume is found to be cointegrated with relative import price and real GDP. The econometric estimates of the import-demand function for India suggest that import-demand is largely explained by real GDP, and is generally less sensitive to import price changes. Import liberalization is found to have had little impact on import demand.

Trade liberalization and industrial growth in Pakistan: a cointegration analysis

Using the framework of an endogenous growth model, this study empirically analyses the relationship between trade policies and industrial growth in Pakistan during the period 1973–1995. The cointegration and error correction modelling approaches have been applied. The empirical results suggest that there exists a unique long-run relationship among the aggregate growth function of industrial value added and its major determinants of the real capital stock, the labour force, real exports, the import tariff collection rate and the secondary school enrolment ratio. The short-term dynamic behaviour of Pakistans growth function of industrial value added has been investigated by estimating an error correction model in which the error correction term has been found to be correctly signed and statistically significant.

A socio-economic study of the borrowing process: The case of microentrepreneurs in Jordan

This paper investigates the socio-economic determinants of four stages of borrowing process of the Jordanian microfinance market. The equations and functions corresponding to the stages of the borrowing process are estimated using a sample of 474 microentrepreneurs. The main results are as follow: variables that reflect the repayment ability are the main determinants of credit rationing in the microfinance market; religious beliefs, social responsibilities, availability of local microfinance provides, application costs, level of knowledge about microfinance providers significantly affect the borrowing process of microentrepreneurs. Credit rationing is found to be a problem for some applicants, but not for the majority.

Complementarity of market and state intervention in the context of Australia’s structural reforms since the early 1980s

The ongoing debate concerning the role of state vis‐a‐vis market has prompted some scholars in Australia to reassess this simple dichotomy. Recently, they are urging neoliberal policy makers to follow a “middle way” avoiding the extremes of the free market approach and the traditional interventionist/planning approach. This paper examines the reasons why extreme approaches to policy making are inferior from the broader socio‐economic point of view. In order to highlight the state‐market complementarity, it focuses on the range of policy tools that have been commonly employed in Australia in recent years, and then shows how they have assisted the market to operate more efficiently by providing economic and social infrastructure, and achieved non‐market oriented social‐justice objectives through re‐distribution measures.

Major Indian ICT firms and their approaches towards achieving quality

Of the three basic theories of innovation: the entrepreneur theory, the technology-economics theory and the strategic theory, the third one seems to be highly appropriate for the analysis of recent growth of the information and communication technology (ICT) industry in many developing countries including India. The central measure for achieving quality by the various major Indian (ICT) firms is widely agreed to have been the adoption of Six Sigma Methodology and/or its multivariate branches like Total Quality Management (TQM), Supply Chain Management (SCM), and Customer Relationship Management (CRM). It is apparent that the main objective of the firms chosen has been to increase the pace of innovation activities, irrespective of their different area of product specialisation. Its success is believed to depend largely on the overall improvement in infrastructure, besides active market interaction. To enable both the above, a brief highlight has been made on the establishment of interaction and learning sites (ILSs) in every regional State in India. The paper concludes with a mention of the elements observed to be missing among the firms under consideration, and, thereby, delineating the scope for their further improvement.

Development in Modern India under Structural Dualism (1947–1980)

When India got independence in 1947, the first Prime Minister, Jawaharlal Nehru, put it, ‘the soul of a nation, long suppressed, finds utterance’.

Development under Dualism and Digital Divide in Twenty-First Century India

The series situates contemporary development processes and outcomes in Asia in a global context. State intervention as well as neoliberal policies has created unusual economic and social development opportunities. There are also serious setbacks for marginalized communities, workers, the environment, and social justice. The rise of China, India, and new dynamism of South Korea, Indonesia, and Vietnam in East and South East Asia have given a new meaning to Asian development dynamics. Japan’s energetic ties with India and Vietnam, Korea joining the OECD’s Development Assistance Committee, and China and India’s investments and foreign aid in Africa and Latin America are some of the new processes of development whose impact transcends the vast Asian region. Globalization compounds uneven development, affecting macroeconomic stability, internal and international migration, class and caste dynamics, gender relations, regional parity, education and health, agriculture and rural employment, informal sector, innovation possibilities, and equity. Thus the series views development studies as an unfinished agenda of economic, social, political, and cultural interactions in a fluid policy and global contexts. The editor, with the assistance of a distinguished group of development scholars from Asia and elsewhere specializing in a variety of disciplinary and thematic areas, welcomes proposals that critically assess the above-mentioned wide-ranging developing issues facing Asian societies. With Asia’s contemporary transformation, the series promotes the understanding of Asia’s influence on the prospects of development elsewhere. The editor encourages interdisciplinary, heterodox approaches within the social sciences, and comparative work with solid theoretically informed empirical research. Critical development policy debates in Asia and regional governance issues that have a bearing on development outcomes are also sought.

Economic Liberalisation and Structural Dualism (1980–2017)

The first non-Congress, Janata Government came to power at the Centre for about two and a half years of duration in late 1970s (1977–79)

Development under Digital Divide in India

The emergence and development of new technologies is a complex and dynamic socio-economic process.