Sugata Marjit

The ongoing focus of this Annual is to analyze macroeconomic events in contemporary India using macroeconomic and statistical tools. While one part of the Annual is devoted to macroeconomic issues, the other part includes academic research papers encompassing a wide range of topics such as labor, fiscal issues, banking and finance, international trade, econometrics, computational and mathematical methods. The focus of this section is on problems affecting the economy in general and takes a broader view of topics relevant to developing countries.

India Macroeconomics Annual 2006

Indrajit Mallick

Financial Intermediation in a Less Developed Economy: The History of the United Bank of India is an institutional narrative of a bank in a developing economy, a representative case study that brings out the essential two-way relationship between finance and economic development. The book highlights that to understand financial intermediation, western theoretical models need to be complemented with institutional narratives of banking in developing economies, given the latter`s specific foci. Thus, the authors choose a bank with significant history in a less developed economy and analyze over 50 years of the bank`s balance sheet data. They trace the bank`s growth in terms of the transaction costs in managing risk, return and liquidity. The discourse also includes important case studies of borrowers after nationalization, a thorough analysis of financial intermediary organization and financial structure, reviews of certain banking policies and suggestion of a methodology to understand the financial history of less developed economies. This book will be of immense interest to policy makers, researchers and students working in the fields of economics of banking, financial history and development economics.

The History of the United Bank of India

Financial Intermediation in a Less Developed Economy

Nirmala Banerjee

Development, Displacement and Disparity: The last quarter of the twentieth century. The book is a collection of essays that tackle a crucial theme in developmental economics and planning. The essays: - look at the inequities and disparities of national resource distribution, and the need for a more equitable distribution of national developmental gains. - reflect a growing concern with many economic theorists over uneven regional development and the need for these issues to be looked at seriously, with a view to attend to them in the best possible ways. - are on the one hand a theoretical exposition of the economics of public goods supply, but on the other, they point to the lag between theoretical and academic understanding and practical initiative. - study the areas, evaluate the models of development and suggest new areas of research in development planning.

India in the Last Quarter of the Twentieth Century

Development, Displacement and Disparity

Rajat Acharyya

This book deals with the impact that international trade is likely to have on the skilled-unskilled wage gap in a typical developing economy. This is the first theoretical monograph on this particular issue which has already generated substantial debate and voluminous work for the developed countries. A unique feature of this work is that it tries to explain the possibility of rising inequality across trading nations and looks at the segmented labour markets of the poor economies. It makes convincing arguments that the standard general equilibrium models, the main workhorse of trade theory, can be given a creative facelift to address a number of critical and emerging issues in the area of trade and development.

A General Equilibrium Approach ; with 15 Tables

International Trade, Wage Inequality and the Developing Economy

This book was written in honour of Professor Kalyan K. Sanyal, who was an excellent educator and renowned scholar in the field of international economics. One of his research papers co-authored with Ronald Jones, entitled “The Theory of Trade in Middle Products” and published in American Economic Review in 1982, was a seminal work in the field of international trade theory. This paper would go on to inspire many subsequent significant works by researchers across the globe on trade in intermediate goods. The larger impact of any paper, beyond the number of citations, lies in terms of the passion it sparks among younger researchers to pursue new questions. Measured by this yardstick, Sanyal’s contribution in trade theory will undoubtedly be regarded as historic. After completing his Ph.D. at the University of Rochester he joined the Department of Economics at Calcutta University in the early 1980s and taught trade theory there for almost three decades. His insights, articulation and brilliance in teaching international economics have influenced and shaped the intellectual development of many of his students. After his sudden passing in February 2012, his students and colleagues organized a symposium in his honour at the Department of Economics, Jadavpur University from April 19 to 20, 2012. This book, a small tribute to his intellect and contribution, has been a follow-up on that endeavour, and a collective effort of many people including his teachers, friends, colleagues and students. In a nutshell it discusses intermediation of various kinds with significant implications for market integration through trade and finance. That trade can generate many non-trade-service sector links has recently emerged as a topic of growing concern and can trace its lineage back to the idea of the middle product, a recurring concept in Prof. Sanyal’s work.

Essays in Honour of Kalyan K. Sanyal

Trade, Globalization and Development

Hamid Beladi

Kwan Choi

Eden S. H. Yu

Part of the "Frontiers in Economics & Globalization" series, this book deals with a range of trade and development issues in terms of the general equilibrium structure. It shows how neo-classical models of trade theory can be used to highlight many challenging global problems.

Contemporary and Emerging Issues in Trade Theory and Policy

Saibal Kar

This book provides a detailed theoretical overview and analytical understanding of informal labour markets in the context of economic reforms. Grounded in the neo-classical general equilibrium framework, it analyses the impact of deregulatory policies on the welfare of informal workers in a segmented labour market.

Economic Reform and Informal Labour in a Developing Economy

The Outsiders

The informal economy is a dynamic, active, and hotly debated domain in the developing world. Unfortunately, it remains one of the most ignored areas in mainstream economic theory and development economics. In this book, Marjit and Kar provide a detailed theoretical overview and analytical understanding of informal labour markets in the context of economic reforms. Grounded in the neo-classical general equilibrium framework, the book analyses the impact of deregulatory policies on the welfare of informal workers in a segmented labour market. It discusses how informal wage responds to unemployment in the formal sector by exploring the interactions between the formal and the informal labour markets. The authors also examine institutional factors—political, economic, and governance mechanisms—to explore the major causes that sustain or impede the dynamism of informal labour markets. They offer empirical applications using official data sources and micro-level case studies of informal activities in West Bengal, Maharashtra, and Gujarat.

Sugata Marjit

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