Department of Economics and Finance

Permanent URI for this collectionhttp://localhost:4000/handle/123456789/1929

Browse

Filters

2010 - 201982020 - 202419

Settings

Author: search.filters.author.Krishna, M.

Search Results

Now showing 1 - 10 of 27
  • No Thumbnail Available
    Item
    Are Unpaid Women Willing to Work in the Labour Market? Evidence from India
    (Bridge, 2022) Krishna, M.
    India has set an ambitious target of achieving a US$5 trillion economy by 2025. However, a steady increase, perhaps even more rapid in recent years, in women’s participation in unpaid domestic work poses a grave threat to India’s economic development. Significantly, the extent of women’s participation in unpaid domestic work ballooned in India, recording a quantum leap from 200 million in 2004–05 to 287 million in 2017–18. The main aim of this paper is to examine the role of socio-economic factors in explaining the willingness of unpaid women to undertake work in the labour market, using data from unit-level records of employment and unemployment and labour force surveys. This study shows that, despite engaging in routine household chores, about one-third of unpaid women are willing to take up work in the labour market. Moreover, the majority of women engaged in unpaid domestic work in India have no choice but to do this work due to the socio-economic constraints. From a policy perspective, governments should encourage unpaid women who are willing to participate in the labour market to do so, by reinforcing gender-focused measures such as provision of basic facilities, public childcare, easy access to credit facilities for entrepreneurial activities, and invigorating technical education and vocational training.
  • No Thumbnail Available
    Item
    What drives public debt in SAARC countries? An empirical assessment
    (Emerald, 2023-12) Krishna, M.
    This study aims to explore the determinants of public debt in selected South Asian Association for Regional Cooperation (SAARC) countries for 19 years, from 2001 to 2019.
  • No Thumbnail Available
    Item
    What Determines the Dichotomy between Formal and Informal Employment: Evidence from Maharashtra, India
    (Springer, 2024-06) Krishna, M.
    The main purpose of this paper is to examine the emerging dynamics of formal and informal employment in the context of Maharashtra. Using the unit-level records from the recently published Employment and Unemployment Surveys (EUS) of the National Sample Survey Organisation (NSSO) in 2011–12 and various rounds of Periodical Labour Force Surveys (PLFSs), we examine the nature and patterns of formal and informal employment. Also, we investigate the role of personal, household, and labour market characteristics in shaping the dichotomy between formal and informal employment in Maharashtra. The findings of the paper suggest that the wage gap between formal and informal employment is greatly influenced by individual and employment characteristics such as gender, marital status, years of schooling, technical education, vocational training, work experience, and industry of work. In addition, the paper also finds evidence for the marginalisation of women from the labour market, the enormous size of women in unpaid domestic duties, the lack of adequate coverage of formal employment in the rural sector, wage disparity, and the burgeoning size of informal employment. From a policy perspective, the paper suggests fostering inclusive economic growth by facilitating greater participation of women in the labour market and increasing the coverage of formal employment, which is crucial for attaining a decent living standard.
  • No Thumbnail Available
    Item
    Measuring performance of farmer producer organisations using data envelopment analysis
    (Emerald, 2024-02) Krishna, M.; Pandey, Ranjan
    Farmers producer organisations (FPOs) play the most crucial role in the agriculture supply chain system, aiming to redress the balance between farming and marketing activities of agricultural produce. The purpose of this study is to assess the performance of FPOs using data envelopment analysis (usually referred to as DEA) on 34 FPO units selected from the state of Rajasthan
  • No Thumbnail Available
    Item
    The effect of COVID-19 pandemic on economic growth and public debt: an analysis of India and the global economy
    (Emerald, 2022-03) Krishna, M.
    The study attempts to examine the effect of the COVID-19 pandemic on the economic growth and public debt of the Indian economy. The authors also attempt to make quarterly projections of economic growth and external debt (ED) for the next five years. The objective is to understand how much time the economy takes to recover and at what pace. Consequently, this study elucidates the composition of debt after the crisis in the next five years.
  • No Thumbnail Available
    Item
    Causal Nexus Between Remittance Inflow And Its Determinants, 1998-2020: Evidence From The South And Southeast Asian Lmics
    (Applied Econometrics and International Developmenthttps://ideas.repec.org/a/eaa/aeinde/v24y2024i1_6.html, 2024) Krishna, M.
    This paper aims to explore the key macroeconomic determinants that influence remittance inflows to the 12 lower-middle-income countries (LMICs) in South and Southeast Asia. The study employs panel data methods such as fixed and random effects and Kao test of cointegration over the period 1998-2020 using secondary data. The findings indicate that factors such as financial development, migrant stock, and GDP per capita of the host country and home countries positively affect the remittance inflows. However, the average cost of remittances, age dependency ratios, inflation rate, real interest rate and political stability are negatively associated with remittances. The LMICs in South and Southeast Asia are amongst the least expensive remittance corridors, and enhancing remittance inflows to these economies can go a long way in aiding development and helping these economies transition to a higher income category. In this context, we argue that efficient and accelerating financial development is likely to enhance the remittance inflows to the LMICs.
  • No Thumbnail Available
    Item
    Nexus between total natural resource rents and public debt within symmetric and asymmetric framework: Fresh insight from resource-rich economy
    (Elsevier, 2024-06) Krishna, M.
    Many economies abundant in natural resources often leverage the rents from these resources as collateral for borrowing during periods of economic boom, intending to repay debts during periods of windfall. However, this practice can cultivate irresponsible borrowing tendencies, potentially leading to debt trap scenarios when global resource prices decline. Thus, our study delves into the interaction between public debt (PD) and total natural resource rents (TNR), examining both aggregate and disaggregate forms, with a specific focus on India spanning from 1980-81 to 2021–22. Our aggregate analysis reveals that PD exhibits heightened responsiveness to negative shocks in TNR compared to positive shocks, indicating an asymmetric impact of TNR on PD within the Indian context. Additionally, disaggregate analysis uncovers that both positive and negative shocks in coal rents (CR), natural gas rents (NGR), and forest rents (FR) significantly and adversely affect PD. Furthermore, a positive shock in mineral rents (MR) demonstrates a negative and significant impact on PD, while a negative shock in MR yields a positive but insignificant impact on PD. Overall, barring oil rents (OR), other forms of resource rents such as CR, NGR, FR, and MR showcase asymmetric and negative effects on PD. These findings underscore the importance of prudent institutional behavior and sound economic policies in overseeing and managing debt sustainability in resource-rich economies.
  • No Thumbnail Available
    Item
    Wage Differentials and Inequality in Managerial and Professional Jobs: Quantile Regression Analysis
    (Sage, 2024-01) Krishna, M.
    In the economics literature, it is vividly portrayed that there is a great deal of disparity in wages received by workers across economic activities and occupations in India. The primary purpose of this article is to identify factors determining wage differentials and to measure wage inequality in managerial and professional occupations. Using unit-level records of periodic labour force survey (PLFS) published by the National Sample Survey Office (NSSO), we apply quantile regression model to examine how wage distribution is determined by personal, household and labour market characteristics. Our analysis is limited to persons aged between 15 and 65 and employed in managerial and professional occupations. The findings suggest that rural–urban dichotomy, gender, technical education, social group, job contract, type of enterprise and enterprise workforce size are statistically significant across quantiles and are important in explaining the wage distribution of managerial and professional workers in India. From a policy perspective, the invigoration of gender-based measures coupled with the expansion of technical education and labour market institutions are essential for bridging the wage disparity in India.
  • No Thumbnail Available
    Item
    Youth Labour Market in India: Opportunities and Choices
    (IGI Global, 2020) Krishna, M.
    Sustainable Development Goals (SDGs) 2030 prioritizes active engagement of youth in achieving the targets. Aligning the pathway towards achieving youth specific SDGs (Target 4.4 and 8.5), the study examines the current situation of the youth labour market in India. For this purpose, the study analyzes National Sample Survey data on employment and unemployment from 50th round (1993/94) to 68th round (2011/12). The study engages trend analysis of key indicators of labour market. Logistic regression is applied to address the magnitude of socio-economic and demographic determinants on youth employment. The study finds an overall decline in the employment status of youth despite the ongoing demographic dividend phase. Postgraduate and graduate youth witness the highest unemployment indicating a grim role of labour market in engaging the educated youth. The findings raise concern for achieving the targets of SDGs, as a high share of educated youth strives for decent and gainful employment.
  • No Thumbnail Available
    Item
    Job Search Methods in the Labour Market An Empirical Analysis
    (IRIS Knowledge Foundation, 2014) Krishna, M.
    How do people go about finding jobs? A widely acknowledged presumption is that that ‘job-search process’ plays a critical role in the determination of labour market outcomes. This essay underlines the critical importance of understanding the process by which people find jobs. It examines the search behaviour of workers in the labour market, with special reference to the workers employed at an industrial area in Bangalore, Karnataka