Non-Linear Growth Effects of Financial Development: Does Financial Integration Matter?

The Indian IT/ITeS industry is a significant contributor to India’s GDP and has had an impressive growth trajectory. However, it continues to be plagued with talent shortages, managing employee satisfaction, growth aspirations and reducing attrition. COVID-19 has presented an unprecedented opportunity for IT service organisations to transform the established paradigm of working. The industry has been exploring non-linear growth models that address the talent demand-supply gap. With skilled talent shortage continuing to limit the industry growth, non-linear initiatives of growth are urgently required. We propose a model of ‘Internal Gig’ worker (I-GIG) for the IT services industry. The new I-GIG workforce would be providing non-linear outcomes without increasing costs significantly. We also argue that this model would be motivational for employees who opt for it, with commensurate reward motivations to engage them. Additionally, this model would enable the workanywhere, anytime and leverage talent availability on a global scale.

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Financial Integrational Effects on Macroeconomic Instability in India

Margin The Journal of Applied Economic Research ◽

10.1177/0973801016687879 ◽

2017 ◽

Vol 11 (2) ◽

pp. 143-166

Author(s):

Niranjan R.

Keyword(s):

Financial Development ◽

Financial Integration ◽

Trade Openness ◽

Jel Classification ◽

Financial Openness ◽

Vector Error Correction ◽

Vector Error ◽

International Financial Integration ◽

Macroeconomic Instability ◽

Negative Effect

The nexus between international financial integration and economic growth continues to be one of the most debated issues among macroeconomists, and these debates often raise several issues from the theoretical and policy perspectives. Financial integration can catalyse financial development, improve governance and impose discipline on macro-policies. However, in the absence of a basic pre-existing level of supporting conditions, financial integration can aggravate instability (Khadraoui, 2010). In addition, economic theory suggests that increased financial openness intensifies macroeconomic instability. This article investigates the financial integrational effects on macroeconomic instability in terms of output, consumption and investment volatility by employing the vector error correction model (VECM) with empirically reasonably parameters for an emerging economy, India, for the period 1989–2014. From the results, it is evident that financial openness has had a significant effect on output, consumption and investment volatility. Financial development has had a statistically significant negative effect on output, consumption and investment volatility. Similarly, trade openness and terms of trade significantly influence output, consumption and investment volatility. JEL Classification: F36, F41, F43, E32

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Growth Hormone Therapy in the Glucocorticosteroid-Dependent Child: Metabolic and Linear Growth Effects

Hormone Research in Paediatrics ◽

10.1159/000048128 ◽

2001 ◽

Vol 56 (1) ◽

pp. 13-18 ◽

Cited By ~ 19

Author(s):

Nelly Mauras

Keyword(s):

Growth Hormone ◽

Hormone Therapy ◽

Linear Growth ◽

Growth Hormone Therapy ◽

Dependent Child ◽

Growth Effects

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Non-linear growth of double tearing mode: Explosive reconnection, plasmoid formation, and particle acceleration

Physics of Plasmas ◽

10.1063/1.5000273 ◽

2017 ◽

Vol 24 (8) ◽

pp. 082116 ◽

Cited By ~ 2

Author(s):

Tohir Akramov ◽

Hubert Baty

Keyword(s):

Particle Acceleration ◽

Linear Growth ◽

Tearing Mode ◽

Non Linear

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Bucking the Trend: A Look at Zyme Solutions' Non-linear Business Model for IT Services from India

Asian Case Research Journal ◽

10.1142/s0218927511001460 ◽

2011 ◽

Vol 15 (01) ◽

pp. 37-62 ◽

Cited By ~ 1

Author(s):

D.V.R. Seshadri

Keyword(s):

Business Model ◽

Service Provider ◽

Business Models ◽

Linear Growth ◽

High Tech ◽

Data Service ◽

It Services ◽

Software Companies ◽

Non Linear ◽

Vertical Market

The case describes XGen Technologies (name disguised), an India-based IT Enabled Services (ITES) company having to grapple with the issues of linear growth. The company's headcount had touched a whopping 40,000 and managing such a large setup was becoming a severe challenge, putting immense pressure on Partha Sen, the CEO, to adopt an innovative business model to sustain historical growth rates of revenue and profitability. This situation was similar to what most Indian ITES companies faced: they had been clocking impressive growth, yet there were concerns about the future. The case then describes some of the strategies that software companies have been adopting in order to achieve greater non-linearity in their business. In particular, the case concentrates on Zyme Solutions, Inc., a fully outsourced hosted data service provider to the high-tech vertical market, which has built as a non-linear business from the ground up, without the legacy of the linear business models to contend with. Students are put in the place of Partha Sen, having to decide on an approach that established companies like XGen could adopt to transit to a non-linear model.

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