Working Papers
http://dspace.iimk.ac.in:80/xmlui/handle/2259/339
This collection consists of working papers of IIMK Community.2024-03-28T13:27:01ZTrade Liberalisation, Market Power and Scale Efficiency in Indian Industry
http://dspace.iimk.ac.in:80/xmlui/handle/2259/347
Trade Liberalisation, Market Power and Scale Efficiency in Indian Industry
Balakrishnan, Pulapre; Pushpangadan, K*; Suresh Babu, M.*
Using information on listed firms in each of the industry groups at the two-digit level within Manufacturing this study investigates whether the radical shift in trade policy in India in 1991 resulted in a reduction in manrket power and/or an improvement in scale efficiency. We estimate a group-wise production function allowing for firm-efficiency. We estimate a group-wise production function allowing for firm-specific effects. A plausible estimate of market power is obtained and the assumption of constant estimate of market power is obtained and the assumption of constant returns to scale is mostly rejected. As regards the effects of the trade-policy shock of 1991, evidence of a move to a more competitive market structure or of an improvment in scale efficiency is not widespread across Indian manufacturing.
Working Paper Series, 336, CDS
2002-08-01T00:00:00ZProbability of bank crises in the emerging markets of Asia and South America : an exploratory and empirical study of determinants
http://dspace.iimk.ac.in:80/xmlui/handle/2259/346
Probability of bank crises in the emerging markets of Asia and South America : an exploratory and empirical study of determinants
Batavia, Bala*; Nandakumar, Parameswar; Wague, Cheick*
Earlier literature sought to find the causes of bank crises in bank- specific factors, which are useful for assessing the soundness of individual institutions. Detailed examination of actual cases of banking crises can also provide insights about the role of institutional factors in precipitating these crises.However such approaches are not particularly rewarding in the analysis of wide- spread, systemic bank crises. In the analysis of crises of such magnitude and spread, the study of macroeconomic environment at the time of - or immediately preceding - the crisis seems quite mandatory. The present paper is a contribution in this vein, and develops and tests leading indicators for predicting bank crises, using data on crises experienced in several industrail and emerging market nations.
*External Authors
2007-01-01T00:00:00ZIntegration and Convergence of Finacial Markets in the European Union
http://dspace.iimk.ac.in:80/xmlui/handle/2259/345
Integration and Convergence of Finacial Markets in the European Union
Nandakumar, Parameswar; Barot, Bharat*; Wague, Cheick*
The extent of financial integration within the European Union is a debated issue, and there is a presumption that some countries have made relatively less progress on this front. In this paper the countries in the union are ranked in terms of the degree of financial integration using various measures, including comprehensive Euler-type tests. A distinction is made between regional and global integration. It is seen that the core EU nations are integrated within the EU, but loosely globally, while the opposite holds true of the United Kingdom. Smaller, highly advanced economies such as Sweden are integrated well regionally as well as globally.
* External Authors
2004-01-01T00:00:00ZInclusion and Exclusion with Economic Integration:The Case of EU, NAFTA and ASEAN
http://dspace.iimk.ac.in:80/xmlui/handle/2259/344
Inclusion and Exclusion with Economic Integration:The Case of EU, NAFTA and ASEAN
Nandakumar, Parameswar; Batavia, Bala *
The positive effects on trade volumes of the economic integration process have been most forcefully derived for the case of monetary unions, more specifically for the case of the European monetary Union (EMU). This vein of work is available, naturally, only from the beginning of the current decade. Literature from earlier periods, dealing with the impact on trade volumes of regional trade blocs, has come up with any significant effects only in the case of the European union, EU, when factors other than bloc formation were included in the analysis. The effect on trade volumes of countries outside the trade blocs have not also been subjected to any intensive scrutiny, except for isolated attempts to look into the matter in the case of certain countries like Mexico and India.
* External Author, Bala, Batavia, Professor, DePaul University, 1, E. Jackson Blvd (DPC 6200), Chicago, Ill. 60 604 USA (email: bbatavia@depaul.edu)
2006-01-01T00:00:00Z