Analytical Issues in Trade, Development and Finance: Essays in Honour of Biswajit Chatterjee

The book’s 30 chapters are divided into three sections – international trade, economic development, macroeconomics and finance – and focus on the frontier issues in each.

Section I addresses analytical issues relating to trade-environment linkage, capital accumulation for pollution abatement, possibility of technology diffusion by multinational corporations, nature of innovation inducing tariff protection, effects of import restriction and child labour, the links between exchange rate, direction of trade and financial crisis―the implications for India and global economic crisis, financial institutions and global capital flows and balance of payments imbalances.

Section II consists of discussions on the causes of widespread poverty persisting in South Asia, development dividend associated with peace in South Asia, issues of well-being and human development, implications for endogenous growth through human capital accumulation on environmental quality and taxation,the rationale for a labour supply schedule for the poor, switching as an investment strategy, the role of government and strategic interaction in the presence of information asymmetry, government’s role in controlling food inflation, inter-state variations in levels and growth of industry in India, structural breaks in India’s service sector development, and the phenomenon of wasted votes in India’s parliamentary elections.

Section III deals with the effectiveness of monetary policy in tackling economic crisis, the effective demand model of corporate leverages and recession, the empirical link between stock market development and economic growth in cross-country experience in Asia, an empirical verification of the Mckinnon-Shaw hypothesis for financial development in India, the dynamics of the behaviour of the Indian stock market, efficiency of non-life insurance companies, econometric study of the causal linkage between FDI and current account balance in India and the implications of contagious crises for the Indian economy.

Dr. Ambar Nath Ghosh is a professor of economics at Jadavpur University, Kolkata and a former professor of economics at Presidency College, Calcutta. He has contributed many research articles in respected national and international journals. He specializes in macroeconomic theory, public economics, international trade and finance. His published books include: Economics of Public Sector (2008) and Macroeconomics (2011), both with Prentice Hall Pvt. Ltd., New Delhi.

Dr. Asim K. Karmakar is assistant professor of economics at Jadavpur University, Kolkata and managing editor of the quarterly referred journal, Artha Beekshan. He is also the Executive Council Member of ‘The Indian Econometric Society’. He has contributed many research articles in national and international journals of repute. He specializes in balance of payments, Indian economy and development economics. His published books include: Balance of Payments Theory and Policy (2010) andCapital Account Convertibility in India (Co-edited) (2011), Deep & Deep Publications, New Delhi and Food Security in India (co-edited) (2012), Regal Publications, New Delhi.