Publications : All
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Differential Growth Impact of FDI on LICs, LMICs, and ECs: The Role of...
FDI has been beneficial to developing countries through increased access to capital, technology, foreign markets, superior managerial skills, and other backward and forward spillover effects. However, the developmental implications of FDI are dependent on the absorptive capabilities and levels of development. In this context, we scientifically examine the impact of FDI on ...Drivers of Corporate Investment Slowdown in India: A Firm Level Analysis
Majority of the existing literature has focused on examining the determinants of investment behaviour and the factors responsible for its slowdown at an aggregate level. There have only been a few studies analysing investment behaviour at firm level, and those are confined to the manufacturing sector using static panel models. In this ...Investment Slowdown in India: Role of Fiscal-Monetary policy and Economic...
The current study attempts to understand the determinants of investment and the underlying reasons for its current slowdown in India. For the purpose, we estimate the investment functions by using the ARDL bounds-testing approach on quarterly data from 2004-05Q1 to 2019-20Q1 at three levels – aggregate investment, private investment and private corporate ...Do Absorptive Capacities matter for FPI-Growth Nexus? Evidence from...
Since the 1990s, there has been an increase in the volume of Foreign Portfolio Investments (FPI) flowing to developing economies. Theoretically, FPI inflows are supposed to promote economic growth by lowering cost of capital, increasing investment, diversifying risk and developing the financial sector. However, FPI – being short term investments – may ...IMPACT OF OUTWARD FDI: Evidence from Emerging Economies for Policy
The study makes an attempt to contribute to the ongoing policy debate on whether OFDI has a complementary or substitution effect on domestic investment and hence, growth. For the purpose, the current paper uses panel data analysis to understand the impact of OFDI for 14 emerging economies in the period 1981-2019. We ...BELT AND ROAD INITIATIVE: Developments, Economic and Strategic...
China’s flagship project Belt and Road Initiative (BRI) launched in 2013 is meant to reshape global networks of transport infrastructure further integrating China with Asia, Europe and Africa having significant implications on trade, investment and economic and political ties of China vis-à-vis with other countries. The paper also highlights the economic as ...COVID-19 AND INDIAN ECONOMY: Impact on Growth, Manufacturing, Trade and...
We make a preliminary assessment of Covid-19 on Indian economy by analyzing its impact on growth, manufacturing, trade and MSME sector. The impact of the Pandemic across sectors and in different scenarios of complete, extended and partial lockdown and at different levels of capacity utilisation is massive on the Indian economy. India’s ...G20’s Effectiveness in Turbulent and Normal Times
This paper examines the G20’s effectiveness in turbulent as opposed to normal times. The forum’s 2008-09 performance remains unparalleled as consensus, cooperation and collective action has eluded it since. This paper examines the G20’s efficacy in the two polar situations through a simple empirical exercise that employs efficiency scores constructed from word ...Corona Crash: Need Global Efforts to tackle Global Crisis
The Corona pandemic has affected around 6 lakh people with little more than 27 thousand casualties across the globe as on 27 of March 2020 and still counting. The pandemic has severely affected top economies such as China, Italy, Spain, Germany, S. Korea, France, the U.S., Switzerland, the U.K. and India. The ...