Meenakshi Rishi

Service Learning: Bringing Real-World Education Into the B-School Classroom

Service-learning pedagogy that supports community involvement values and promotes leadership development offers more effectiveness and efficiency for management educators interested in incorporating real-world learning into their courses than traditional internships and cooperative education (P. C. Godfrey & E. T. Grasso, 2000). In this article, the authors argue for service learning as means of integrating real-world learning into curricula. They describe 2 longitudinal examples in an economics course and a management course from 2001 to 2004. Beyond qualitative data from student reflective journals, essays, and anonymous comments, the authors present quantitative evidence of significant differences that support arguments in favor of service learning.

External Debt and Capital Flight in the Indian Economy

This paper estimates Indian capital flight at US

Robbing the Riches; Capital Flight, Institutions, and Instability

88 billion (in 1997 dollars) over the 1971‐97 period, a sum that is roughly 20% of the US

Robbing the Riches: Capital Flight, Institutions and Debt

448 billion real external debt disbursed to the country over the same time period. There is also evidence of a strong year-to-year correlation between debt inflows and flight-capital outflows. The paper explores the nature of this association between capital flight and external debt in the Indian economy. An analysis by Boyce (1992, World Development, 20, pp. 335‐349) for the Philippines revealed the presence of contemporaneous bi-directional causality, in other words, a financial revolving door relationship between external debt and capital flight in that economy. The research question addressed by this paper is whether such a financial revolving door relationship exists in India, given its higher level of external indebtedness and lower debt-to-GNP ratio as compared with the Philippines. Utilizing a simultaneous equation model to examine the association between capital flight and external debt in the Indian economy, the paper confirms the existence of a financial revolving door relationship between the two endogenous variables.

Economics, Market Segmentation and Recruiting: Targeting Your Promotion to Volunteers' Needs

Capital flight may undermine economic growth and the effectiveness of debt relief and foreign aid. This paper is the first attempt to test whether unsound macroeconomic policies or weak institutions lead to capital flight, using panel data for a large set of developing, emerging market and transition countries. In addition, the paper tests the revolving door hypothesis that links debt accumulation and capital flight, and analyzes the contribution of institutions to several channels in this relationship.

Corruption and Capital Flight: An Empirical Assessment

Abstract Capital flight undermines economic growth and the effectiveness of debt relief and foreign aid, and sometimes drains more resources from poor countries than does debt service. In an analysis of a large panel of developing and emerging market countries using annual data for 1970–2001, we show that both institutions and macro policies robustly affect capital flight. Our study also supports the existence of a revolving door relationship between debt and capital flight. More notably we find countries with weak institutions have a greater propensity to accumulate debt because weak institutions spur capital flight, which, in turn, creates a financing need.

Technological innovations in the Indian banking industry: the late bloomer

ABSTRACT The nonprofit sector relies to a large degree on volunteer labor to accomplish its various missions. Significant research has been done on what motivates individuals to provide volunteer labor. Further, economists have recently recognized the importance of this sector and have begun to apply economic theory to the micro theoretic variables associated with the supply of volunteer labor. This paper is a preliminary look at the marketing implications of the macro theoretic variables associated with the supply of volunteer labor for the promotional strategies nonprofits use to attract volunteers.

An empirical study of the spin-off effects of military spending

Abstract This paper considers the role of corruption in impelling capital flight. Identifying corruption as one dimension of poor governance, the empirical analysis explores direct linkages between corruption and capital flight in a broad sample of countries. The novelty of this investigation is that it is based on a portfolio choice model of asset allocation that explicitly recognizes corruption as contributing to the variance of domestic investment risk. The main testable proposition emerging from our theoretical specification is stated thus: does corruption impel capital flight by raising the risk of domestic investment, ceteris paribus? An econometric analysis suggests that, holding other determinants of capital flight constant, corruption does have a positive and significant impact on capital flight. Based on these results, the paper concludes that advocating good governance by combating corruption makes a great deal of sense for countries aiming to staunch capital flight. Capital flight and corruption are some of the main causes of the poverty in the South. Without capital flight and corruption the debt crisis would not exist in its current form. Capital Flight and Corruption Treaty NGO Alternative Treaties at the 1992 Global Forum

Economic And Social Characteristics Of Albanian Immigrant Entrepreneurs In Greece

Given that technological innovations in the banking sector in industrialised countries have been shown to increase productivity of this industry around the world, then why did India shy away from adopting this technology until the 1990s? Why has India been a late adopter of technology in the banking industry when it could have reaped the benefits from the existing R&D expertise developed by innovators and early adopters? This article charts out the path of technological innovation in the Indian banking industry post-economic liberalisation (1991–2) and identifies initial conditions in terms of competitive environment and regulatory pressures that have contributed to the diffusion of these innovations. The article highlights the role of labour unions in public sector banks and their initial opposition to technological adoption. The empirical analysis demonstrates the superior performance of the early adopters of technology (private sector and foreign banks) as measured by productivity, returns on equity, and market share, as compared to the late or passive adopters (public sector banks).

DEPOSITOR DISCIPLINE, REGULATORY CONTROL, AND A BANKING CRISIS: A STUDY OF INDIAN URBAN COOPERATIVE BANKS

The article explores the spin-off effect controversy surrounding the role of military spending in economic development by investigating its impact on output in six industries linked to the military. The articles econometric investigation does not support the case for spin-off effects. The results suggest that military spendings direct impact on output in each industry is negative or insignificant depending on whether adjustments for trade in armaments are made. The results also fail to substantiate physical and human capital spin-off effects. Based on these results, the article concludes that the case for spin-off effects has been exaggerated.