scholarly journals Fifty Years of Development Economics: From Planning to Liberalization Essay in Honour of Prof. P.R.Brahmanande

Author(s):  
Vesudevan A. ◽  
Nachare D.M ◽  
Karnik A.V

Fifty Years of Development Economics, Essays in Hon­our of Professor P.R. Brahmananda, Editors A. Vasedevan, D.M. Nachane, A.V. Karnik, Foreword Lord Meghnad Desai, Himalaya Publishing House, Mumbai 400 004, First Edition - 1999.   This Volume is a collection of 30 essays, writ­ten in honour of Professor P. R. Brahmananda, a dis­tinguished economist in India. The essays in this book focus on a number of issues such as theory and meas­urement, Indian policy framework, snictural reforms, regional perspectives and provide rich insight on vari­ous subjects. The book also documents empirical stud­ies researched by well-known economists.   The first part of the book with 8 chapters deals with theory and measurement of money, inflation etc.. In this part, Nachne's paper on "Commodity Stand­ards: Resurrection of a Classical Theme" revisits the issues relating to the concept of money standard and questions, the role of the Govenment in controlling money. The author, while reviewing the role of gov­ernment in controlling the monetary policy in histori­cal retrospection, examines a umber of alternative proposals. He chooses, amongst others, commodity standard, and analyses it to find out its relevance to modetary policy. His contribution lies in explaining the Black-Fama-Hall (BFH) model-Commodity Basket Model. This model has been discounted as it does not take into account expextations and has difficulties in choosing the commodities for the basket. The BFH model has a few advantages like a stable unit of ac­count, subjects the government to financial discipline, can stipulate financial innovations and can insulate the economy from cyclical fluctuations originating domes­tically. Nachne's contribution lies in simplifying the analysis on the difficult subject.   Inflation has been a long drawn riddle in many countries like Brazil, Turkey, India. Control of infla­tion has been enforced in many countries to bring macro economic stability with high economic growth. Vasudevan, Bhoy and D hall have tried to trace equi­librium between inflation and growth rate in the In­dian context. They reached a conclusion that inflation, growth trends and their volatility, when analysed si­multaneously, reveal that a moderate rate of inflation on an average centered between 6 to 8 per cent in In­dian economy with low volatility, led to high growth rates. The authors have used regression robust error technique after taking recourse to a number alterna­tive empirical modes as suggested in the literature. The findings of the present exercise indicate that the thresh­old rate of inflation in the Indian context could be about 6 per cent; the output neutral inflation could be 4 per cent. The output effects are positive but marginally different from one another for the 5, 6 and 7 per cent inflation regimes. The negative output effects occur after 10 per cent inflation rate.

2021 ◽  
Vol 6 (16) ◽  
pp. 23-29
Author(s):  
Noreen Noor Abd Aziz ◽  
Juliana Mohd Abdul Kadir ◽  
Nadia Nurul Najwa Mohamad Hassan ◽  
Nor Balkish Zakaria ◽  
Gancar Candra Premananto

The Malaysian government had announced the Movement Control Order (MCO) to handle the Covid-19 crisis. During MCO, the government has used media channels to spread the information to the public. This research aims to identify the mediating part of both knowledge and awareness between students' attitude and media role during MCO. The findings from 338 respondents analysed using structural equation modelling found that knowledge and awareness mediate between media and students' attitude. This study could guide policymakers to promote a greater understanding of the coronavirus pandemic by using the mass media. Keywords: Knowledge, Awareness, Attitude, Role of Media eISSN: 2398-4287© 2021. The Authors. Published for AMER ABRA cE-Bs by e-International Publishing House, Ltd., UK. This is an open access article under the CC BYNC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/). Peer–review under responsibility of AMER (Association of Malaysian Environment-Behaviour Researchers), ABRA (Association of Behavioural Researchers on Asians/Africans/Arabians) and cE-Bs (Centre for Environment-Behaviour Studies), Faculty of Architecture, Planning & Surveying, Universiti Teknologi MARA, Malaysia. DOI: https://doi.org/10.21834/ebpj.v6i16.2712


2013 ◽  
Vol 4 (1) ◽  
pp. 7-48 ◽  
Author(s):  
Narasimalu Srikanth ◽  
Chihiro Watanabe

In light of a conspicuous strength in China’s solar and wind industry in recent years this paper analyses the catalytic role of the government in inducing the institutional source of its strength. Critical comparison of the two industries show China’s renewable energy policies for wind industry was more effective than the solar industry through adopting a self-propagating functionality development through fusing the external technology with domestic industries know-how to co-evolve both production and diffusion through effective assimilation. This suggests a new insight for growing economy to devise effective policy framework to develop a globally competitive industry


2019 ◽  
Vol 2 (1) ◽  
pp. 25-34
Author(s):  
Aliya Nur Aziza ◽  
Audita Fathana ◽  
Ayun Faiza Yulianto

Monetary crisis in Asia is a condition when the huge inflation takes place in almost all of the Southeast Asia countries. Thailand become pioneer of monetary crisis in Asia. The value of the country's currency in Thailand fell due to the government decision in adopting managed-float exchange policy of Baht currency to the Dollar America. This led the government to take the decision for seeking a help from IMF in order to recover their economic stability. However, this attempt became more complicated as a consequence of IMF regulation. IMF could not provide a solution to recover economic crisis as some of the parties disagree with the financial support by providing loan for Asia countries. The inflation also was one of the reasons behind of IMF incapability to provide solutions tackling this issue. Therefore, this paper has the aim to investigate the role of IMF towards the inflation issue in Thailand in 1997-1998. The method used to collect data is to use Internet based research with data analysis techniques using qualitative descriptive methods. The results of this study are that the IMF issued several policies including Monetary Tightening Policy, Fiscal Austerity, and Application of Letter of Intent.


2011 ◽  
Vol 50 (1) ◽  
pp. 83-87
Author(s):  
Sofia Ahmad

The book, as the title indicates, is collection of articles by the experts in the field of development economics. It is compiled in honour of Professor Azizur Rehman Khan, guru in the field of development economics. Unfortunately, I have not met Professor Khan but his writings were always a source of inspiration. This book is the best present to Professor Khan on his seventieth birthday. Acknowledging the fact that development challenges are becoming more complex and multidimensional, the collection of articles is based on following six themes: First theme focuses on Macroeconomics of Development. Second theme is Growth, Poverty and Inequality Linkages and third is Analysis of Poverty. The forth theme relates to issues of Employment-Intensive Growth. Fifth theme reviews the Labour Markets, Wages and Productivity and the final focus is on Rural Development. Three articles on Macroeconomics of Development focus on role of pricing structure, investment, sources and structure of growth in China and the macroeconomic policy framework to ensure stability, growth and employment. Keith Griffin critically evaluates the existing development theories. In the first instance, he questions the role of relative prices in resource reallocation resulting in change in economic structure. Griffin evaluates different dimensions of the argument. For example the degree of mobility of factors of production across sectors which can impose additional costs. Furthermore, he argues, it may not be the price signal that affects the resource allocation. It is the investment decision that, " ... determines how resources in fact are allocated".


2021 ◽  
Vol 6 (SI4) ◽  
pp. 137-142
Author(s):  
Herwina Rosnan ◽  
Norzayana Yusof

The present study aims to derive the role of the government in developing Malaysian medical tourism. Nine semi-structured interviews were conducted, and data were analysed thematically using Atlas.ti version 8. The study derived four main challenges facing private hospitals and healthcare facilitators, which are regulatory burden, scarcity of health professionals, poor collaboration with state government and low cooperation from other agencies. These challenges then drew the government’s role accordingly. Hence, this article strongly calls for regular dialogues between government agencies, private hospitals and healthcare facilitators to ensure that all stakeholders are on the same page about developing the industry. Keywords: Medical Tourism, Private Hospitals, Healthcare Facilitators, Government  eISSN: 2398-4287© 2021. The Authors. Published for AMER ABRA cE-Bs by e-International Publishing House, Ltd., UK. This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/). Peer–review under responsibility of AMER (Association of Malaysian Environment-Behaviour Researchers), ABRA (Association of Behavioural Researchers on Asians/Africans/Arabians) and cE-Bs (Centre for Environment-Behaviour Studies), Faculty of Architecture, Planning & Surveying, Universiti Teknologi MARA, Malaysia. DOI: https://doi.org/10.21834/ebpj.v6iSI4.2912


2020 ◽  
Vol 7 (2) ◽  
pp. 1-12
Author(s):  
Parag Sunil Shukla ◽  
Mayank Mathur

Big Data in the current context is an asset for any government body as it helps in efficient and effective governance with the help of technology so as to create and build a citizen centric approach. As digitization has become an integral part of everyday life, data collection has resulted in the accumulation of huge amounts of data that can be used in various beneficial application domains. Effective analysis and utilization of big data is a key factor for success in many business and service domains. The Government of India initiated a Big Data exercise by collecting data in various forms, namely, PAN card data, voter ID card data, AADHAR data, BPL data, etc., which was meant to pass on the benefits of a specific nature to the beneficiaries. Various schemes have been conceived and implemented by different state and central governments wherein Big Data has been generated and has helped the beneficiaries in different facets of receiving the benefits. The next step of all these smart initiatives and smart data is to logically and correctly use the data for transiting the current policies into the futuristic levels. This paper selectively reviews and analyzes the Indian policy context regarding Big Data, data analytics and the associated technology requirements in the e-governance context.


2019 ◽  
Vol 12 (3) ◽  
pp. 112 ◽  
Author(s):  
Bradley ◽  
Duruflé ◽  
Hellmann ◽  
Wilson

(1) Background: Cross-border venture capital (VC) investments play an important role in the scaling up of high-growth companies. However, policymakers worry that foreign VC investments transfer the majority of economic activity to the investor country. On the one hand, start-ups welcome the foreign capital, expertise, and networks that accompany cross-border investments. On the other hand, policymakers are concerned that cross-border investments predominantly benefit foreign economies and fail to develop the local entrepreneurial ecosystem. This paper describes a framework for how policymakers can develop a set of policies toward cross-border VC investments. (2) Methods: The paper examines available data and trends about the role of cross-border investing, focusing on Europe, Israel, and Canada. Then, the paper explains the underlying economic challenges and develops a policy framework. (3) Results: The analysis shows that in addition to policies that aim to attract foreign investors, there are also important policies for the development of the domestic VC market. The analysis encompasses policies that are both financial and non-financial in nature. (4) Conclusions: A core insight for policymakers is to retain a balance of initiatives, attracting foreign investors while simultaneously making sure to strengthen the country’s domestic VC industry and innovation ecosystem. The mix of policies will adjust as the domestic ecosystem matures.


2020 ◽  
Vol 5 (14) ◽  
pp. 35-41 ◽  
Author(s):  
Mohd Safwan Ghazali ◽  
Tan Peck Leong ◽  
Sazlin Suhalmie Shariff

A refugee in Malaysia cannot work legally due to this nation has not acceded to the 1951 Refugee Convention or its 1967 Protocol. This protracted circumstance has led the refugee community to work illegally. Analysis from literature found that the Rohingya refugees are not suitable to work in confined environment and less job mobility, which partly due to human capital constraints and some job mismatch issues. Future research is called to gain empirical data on understanding the readiness, challenges, and strategies to be implemented. The article is prominent in assisting the government in providing a clear stance on the role of Rohingya refugees in the Malaysian labor market. Keywords:Rohingya refugees; Employment; Labour Market; Readiness. eISSN: 2398-4287© 2020. The Authors. Published for AMER ABRA cE-Bs by e-International Publishing House, Ltd., UK. This is an open access article under the CC BYNC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/). Peer–review under responsibility of AMER (Association of Malaysian Environment-Behaviour Researchers), ABRA (Association of Behavioural Researchers on Asians) and cE-Bs (Centre for Environment-Behaviour Studies), Faculty of Architecture, Planning & Surveying, Universiti Teknologi MARA, Malaysia. DOI: https://doi.org/10.21834/ebpj.v5i14.2099  


2017 ◽  
pp. 148-159
Author(s):  
V. Papava

This paper analyzes the problem of technological backwardness of economy. In many mostly developing countries their economies use obsolete technologies. This can create the illusion that this or that business is prosperous. At the level of international competition, however, it is obvious that these types of firms do not have any chance for success. Retroeconomics as a theory of technological backwardness and its detrimental effect upon a country’s economy is considered in the paper. The role of the government is very important for overcoming the effects of retroeconomy. The phenomenon of retroeconomy is already quite deep-rooted throughout the world and it is essential to consolidate the attention of economists and politicians on this threat.


2020 ◽  
pp. 75-79
Author(s):  
R. M. Gambarova

Relevance. Grain is the key to strategic products to ensure food security. From this point of view, the creation of large grain farms is a matter for the country's selfsufficiency and it leading to a decrease in financial expense for import. Creation of such farms creates an abundance of productivity from the area and leads to obtaining increased reproductive seeds. The main policy of the government is to minimize dependency from import, create abundance of food and create favorable conditions for export potential.The purpose of the study: the development of grain production in order to ensure food security of the country and strengthen government support for this industry.Methods: comparative analysis, systems approach.Results. As shown in the research, if we pay attention to the activities of private entrepreneurship in the country, we can see result of the implementation of agrarian reforms after which various types of farms have been created in republic.The role of privateentrepreneurshipinthedevelopmentofproduction is great. Тhe article outlines the sowing area, production, productivity, import, export of grain and the level of selfsufficiency in this country from 2015 till 2017.


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