scholarly journals Contracting under uncertainty: Groundwater in South India

2020 ◽  
Vol 11 (1) ◽  
pp. 399-435 ◽  
Author(s):  
Xavier Giné ◽  
Hanan G. Jacoby

To quantify contracting distortions in a real‐world market, we develop and structurally estimate a model of contracting under payoff uncertainty in the south Indian groundwater economy. Uncertainty arises from unpredictable fluctuations in groundwater supply during the agricultural dry season. Our model highlights the tradeoff between the ex post inefficiency of long‐term contracts and the ex ante inefficiency of spot contracts. We use unique data on both payoff uncertainty and relationship‐specific investment collected from a large sample of well‐owners in Andhra Pradesh to estimate the model's parameters. Our estimates imply that spot contracts entail a 3% efficiency loss due to hold‐up. Counterfactual simulations also reveal that the equilibrium contracting distortion reduces the overall gains from trade by about 4% and the seasonal income of the median borewell owner by 2%, with proportionally greater costs borne by smaller landowners.

2011 ◽  
Vol 31 (3) ◽  
pp. 213-229 ◽  
Author(s):  
Kasi Eswarappa

This article demonstrates that certain developmental initiatives have been playing an important role in the socio-economic progress of rural masses in South India and typically involve a number of focused projects. Development of sericulture is shown as a key strategy for supporting backward regions. With particular reference to Kotha Indlu village of Chittoor district in Andhra Pradesh, this article explains the increased returns from sericulture as a result of development programmes. The article concludes with some suggestions to improve the long-term feasibility of sericulture.


2016 ◽  
Vol 50 (4) ◽  
pp. 1220-1249 ◽  
Author(s):  
GEERT DE NEVE

AbstractThe article considers narratives and experiences of love marriage in the garment city of Tiruppur in Tamil Nadu, South India. As a booming centre of garment production, Tiruppur attracts a diverse migrant workforce of young men and women who have plenty of opportunity to fall in love and enter marriages of their own making. Based on long-term ethnographic research, the article explores what love marriages mean to those involved, how they are experienced and talked about, and how they shape postmarital lives. Case studies reveal that a discourse of loss of postmarital kin support is central to evaluations of love marriages by members of Tiruppur's labouring classes. Such marriages not only flout parental authority and often cross caste and religious boundaries, but they also jeopardize the much-needed kin support youngsters require to fulfil aspirations of mobility, entrepreneurship, and success in a post-liberalization environment. It is argued that critical evaluations of love marriages not only disrupt modernist assumptions of linear transformations in marital practices, but they also constitute a broader critique of the neoliberal celebration of the ‘individual’ while reaffirming the continued importance of caste endogamy, parental involvement, and kin support to success in India's post-reform economy.


2001 ◽  
Vol 33 (2) ◽  
pp. 185-197 ◽  
Author(s):  
S. KRISHNAMOORTHY ◽  
N. AUDINARAYANA

This study uses data from the 1992–93 National Family Health Survey to assess trends in consanguinity in the South Indian states of Andhra Pradesh, Karnataka, Kerala and Tamil Nadu. In Kerala, the frequency of consanguineous marriages is very low and one type of preferred marriage of the Dravidian marriage system – uncle–niece marriage – is conspicuously absent. In the other states of South India, consanguinity and the coefficient of inbreeding are high. While no change in consanguinity is observed during the past three to four decades in Karnataka, a definite decline is observed in Andhra Pradesh and Tamil Nadu. Due to recent changes in the demographic and social situation in these states, this decline in consanguinity is likely to continue.


1999 ◽  
Vol 33 (4) ◽  
pp. 989-1020 ◽  
Author(s):  
Filippo Osella ◽  
Caroline Osella

In this paper, we explore some ways through which the adoption of specific consumption practices enables members of a South-Indian ex-untouchable community, Izhavas within Kerala, to objectify and redefine their self-perceived and other-perceived social position, and to concretize and make sense of their attempts to achieve generalized upward mobility. Located within individual, familial and group mobility strategies and developmental cycles, consumption assumes a long-term dimension, oriented towards present and future. Consumption practices also take on a normative aspect: youthful orientations towards transience and ephemerality should be replaced by a mature demeanour directed towards duration and permanency, and achievement of householder status. ‘Householders’ negotiate their paths through a complex consumer culture where values of transience and durability articulate with a local/foreign continuum. The labouring poor, whose consumption is severely limited, remain unable, in the eyes of the majority, to attain mature householder status. While Dalit castes withdraw into virtuosity in arenas such as fashion, labouring Izhavas struggle unsuccessfully to maintain distinction and join the mainstream.


2018 ◽  
pp. 49-68 ◽  
Author(s):  
M. E. Mamonov

Our analysis documents that the existence of hidden “holes” in the capital of not yet failed banks - while creating intertemporal pressure on the actual level of capital - leads to changing of maturity of loans supplied rather than to contracting of their volume. Long-term loans decrease, whereas short-term loans rise - and, what is most remarkably, by approximately the same amounts. Standardly, the higher the maturity of loans the higher the credit risk and, thus, the more loan loss reserves (LLP) banks are forced to create, increasing the pressure on capital. Banks that already hide “holes” in the capital, but have not yet faced with license withdrawal, must possess strong incentives to shorten the maturity of supplied loans. On the one hand, it raises the turnovers of LLP and facilitates the flexibility of capital management; on the other hand, it allows increasing the speed of shifting of attracted deposits to loans to related parties in domestic or foreign jurisdictions. This enlarges the potential size of ex post revealed “hole” in the capital and, therefore, allows us to assume that not every loan might be viewed as a good for the economy: excessive short-term and insufficient long-term loans can produce the source for future losses.


2004 ◽  
Vol 54 (3) ◽  
pp. 273-296
Author(s):  
G. W. Kolodko

Equity issues in policymaking are difficult to resolve because they are linked not only to the economic situation but also to social constraints and political conflicts within a country. This is even more true in the case of post-socialist economies during their transition to a market system in the era of globalisation. The historical and irreversible process of liberalisation and integration of capital, goods and services, and labour markets into one world market, as well as the gradual construction of new institutions and the process of privatisation cause a significant shift in the income pattern of post-socialist emerging markets. Contrary to expectations, inequality increases affecting the standard of living and long-term growth. While globalisation contributes to the long-term acceleration of economic growth and offers a chance for many countries and regions to catch up with more advanced economies, it results in growing inequality both between the countries and within them. On average, the standard of living increases, but so does the gap between the rich and the poor. Therefore, equality issues should always be of concern to policymakers, especially in the early years of the change of regime in post-socialist transition economies.


Water Policy ◽  
2005 ◽  
Vol 7 (5) ◽  
pp. 469-483
Author(s):  
Tishya Chatterjee

In conditions of severe water-pollution and dormant community acceptance of accumulating environmental damage, the regulator's role goes beyond pollution prevention and more towards remediation and solutions based on the community's long-term expectations of economic benefits from clean water. This paper suggests a method to enable these benefits to become perceptible progressively, through participatory clean-up operations, supported by staggered pollution charges. It analyses the relevant literature on pollution prevention and applies a cost-based “willingness to pay” model, using primary basin-level data of total marginal costs. It develops a replicable demand-side approach imposing charge-standard targets over time in urban-industrial basins of developing countries.


2021 ◽  
Vol 13 (15) ◽  
pp. 8316
Author(s):  
Camelia Mirela Baba ◽  
Constantin Duguleană ◽  
Marius Sorin Dincă ◽  
Liliana Duguleană ◽  
Gheorghița Dincă

The Covid-19 induced economic crisis has significantly affected almost all businesses from nearly every sector, causing severe financial problems, lack of cash assets, and decrease of revenues. In this context, the economic entities were forced to look for adjustment and rescue solutions of their activities. One possible solution for the recovery and reorganization of economic entities’ activities is demerger. This paper evaluates the impact of demerger upon the sustainable development of economic entities in terms of economic efficiency and financial performances. To achieve this goal, a statistical analysis of profitability ratios before and after the demerger, as well as a structural analysis of 268 demerger projects for the April 2012–April 2021 period, were performed. The results attest there are no significant differences between the ex-ante and ex-post financial performances. However, demerger seems to have a positive effect upon analyzed companies helping them to overcome economic hardships, rethink their business strategies, and continue their activity in the medium and long-term time horizon.


BMJ Open ◽  
2020 ◽  
Vol 10 (11) ◽  
pp. e036213
Author(s):  
Tina Bonde Sorensen ◽  
Robin Wilson ◽  
John Gregson ◽  
Bhavani Shankar ◽  
Alan D Dangour ◽  
...  

ObjectivesTo explore associations of night-time light intensity (NTLI), a novel proxy for continuous urbanisation levels, with mean systolic blood pressure (SBP), body mass index (BMI), fasting serum low-density lipoprotein (LDL) and fasting plasma glucose (FPG), among adults in early-stage urbanisation in Telangana, South India.DesignCross-sectional analysis of the third wave of the Andhra Pradesh Children and Parents Study cohort.Setting28 villages representing a continuum of urbanisation levels, ranging from rural settlement to medium-sized town in Telangana, South India.ParticipantsData were available from 6944 participants, 6236 of whom were eligible after excluding pregnant women, participants younger than 18 years of age and participants missing data for age. Participants were excluded if they did not provide fasting blood samples, had implausible or missing outcome values, were medicated for hypertension or diabetes or had triglyceride levels invalidating derived LDL. The analysis included 5924 participants for BMI, 5752 participants for SBP, 5287 participants for LDL and 5328 participants for FPG.ResultsIncreasing NTLI was positively associated with mean BMI, SBP and LDL but not FPG. Adjusted mean differences across the range of village-level NTLI were 1.0 kg/m2 (95% CI 0.01 to 1.9) for BMI; 4.2 mm Hg (95% CI 1.0 to 7.4) for SBP; 0.3 mmol/L (95% CI −0.01 to 0.7) for LDL; and −0.01 mmol/L (95% CI −0.4 to 0.4) for FPG. Associations of NTLI with BMI and SBP were stronger in older age groups.ConclusionThe association of NTLI with cardiovascular disease (CVD) risk factors identify NTLI as a potentially important tool for exploring urbanisation-related health. Consistent associations of moderate increases in urbanisation levels with important CVD risk factors warrant prevention strategies to curb expected large public health impacts from continued and rapid urbanisation in India.


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