BITS Faculty Publications
Permanent URI for this communityhttp://localhost:4000/handle/123456789/1867
Browse
9 results
Search Results
Item Relative benefits/losses of India aligning with RCEP and BRICS countries under the conjecture of free trade area in goods(UNESCAP, 2015) Arora, RahulThe present study works out the relative benefits/losses of India aligning with RCEP and BRICS member countries under the conjecture of free trade area in good trade only. The study uses partial (SMART model) and general equilibrium (GTAP model) tools for this assessment. The main focus in the study is to compare the benefits/losses to Indian economy associated with both policy scenarios. The results reveal that it would be beneficial for India to align with other RCEP member countries under the policy of free trade area in goods trade. If India wants to join BRICS FTA in the near future then it must negotiate for the entry of its own specialized products into their markets and in reciprocity, it should allow the entry of their specialized products in to the domestic market. The results are in favor to make free trade area between RCEP countries which is more beneficial for India in comparison to make BRICS FTA.Item Does the Indian Economy Support Wagner’s Law? An Econometric Analysis(Eurasian Journal of Business and Economics, 2010) Arora, RahulThe present study endeavors to examine the validity of Wagner’s Law in India over the period 1950/51 to 2007/08. Six versions of Wagner’s hypothesis given by different economists have been estimated which support the existence of long-run relationship between economic growth and growth of public expenditure. Two structural breaks have also been given to test the impact of structural changes in Indian economy on the growth of public expenditure. It has been found that the first structural break given for mild-liberalization period causes insignificant changes in the growth elasticity of public expenditure. However, the observed change in the elasticity due to the second phase of intensive liberalization is statistically significant. Nevertheless, the Wagner’s law is still supported during the intensive phase of liberalization given a significant fall in the elasticity. Empirical evidences regarding the short-run dynamics refute the existence of any relationship between the economic growth and the size of the government expenditureItem Do Countries form Convergence Clubs in the World?(IPE, 2011) Arora, RahulItem Assessment of the Proposed India-China Free Trade Agreement: A General Equilibrium Approach(Emerald, 2015-02) Arora, RahulThe present study is an attempt to evaluate the impact of the proposed India-China free trade agreement (FTA) in goods trade on both countries under a static general equilibrium framework.Item Domestic Energy Consumption and Country’s Income Growth: A Quantitative Analysis of Developing and Developed Countries Using Panel Causality, Panel VECM, Panel Cointegration and SURE(Springer, 2016-01) Arora, RahulThe present study is an attempt to test the relationship between energy consumption and economic growth for developed and developing counties. For this purpose, panel data on various factors of GDP growth has been taken for 18 developing and 18 developed countries from 1980–2013. The paper uses the variant of Solow model to provide the economic justification behind the econometric estimation of regression model which includes energy consumption as one of the independent variables affecting GDP growth of a country, among others. The paper also runs a separate regression model for developed and developing countries to compare the effect of energy consumption on economic growth. To estimate the regression model, study uses various panel data estimation methodologies such as: panel data cointegration, panel causality, panel VECM, panel VAR and panel data ARDL and SURE to find out the short run and long-run relationship between the policy variables. The overall conclusion emerges from the analysis is that per capita energy consumption has a negative impact on growth of per capita GDP in developing countries but positive impact in case of developed countries. This may be due to the fact that in developed nations, the energy consumption expenditures may be more devoted to technological progress in alternative source of oil like shell gas or in expenditures related to renewable energy intensive technological products. The developing countries although trying to put efforts in increasing expenditures in alternative energy sources like non renewable, oil consumption still seem to not have many alternatives sources of energy. Therefore, reducing oil expenditures tend to promote growth among developing countries. The paper tests the direction of causality between energy consumption and GDP for set of developed and developing countries by working on the following hypothesesItem Theorizing International Trade An Indian Perspective(Springer, 2017) Arora, RahulThis book discusses the developments in trade theories, including new-new trade models that account for firm level trade flows, trade growth accounting using inverse gravity models (including distortions in gravity models), the impact of trade liberalization under the aegis of regional and multilateral liberalization efforts of economies using partial and general equilibrium analysis, methodologies of constructing ad valorem equivalents of non-tariff barriers, volatility spillover effects of financial and exchange rate markets. The main purpose of the book is to guide researchers working in the area of international trade, especially focused on empirical analysis of trade policy issues by updating their knowledge on issues related to trade theory, empirical methods, and their applications. The book would prove useful for policy makers, academicians, and researchers.Item Water Poverty Index and its changing trend in India(Emerald, 2022-04) Mohapatra, Geetilaxmi; Arora, RahulThe purpose of this paper is to provide a picture of the water situation of the states of India and to identify key areas in which intervention is necessary for sustainable development and poverty elevation.Item Examining the interstate variations and interlinkage between water poverty and multidimensional poverty in India: evidence from household-level data(Emerald, 2022) Mohapatra, Geetilaxmi; Arora, RahulThe purpose of the present study is to examine the inter-relationship between the multi-dimensional poverty and water poverty using household level data for Indian states. A modified water poverty index (MWPI) for both rural and urban households was created using the five components approach and various quantifiable proxies. Principal component analysis (PCA) has been used for the construction of MWPI. Multidimensionality of poverty (MPI) is measured using the Alkire and Foster methodology. Further, the study has utilized correlation and Tobit regression analysis to show the relationship between MWPI and MPI. The empirical findings suggest that there is a positive and significant relationship between multidimensional poverty and water poverty, with the extent of relationship being greater in rural areas. The results show that in rural areas all the components of water poverty has significant impact on multidimensional poverty, whereas in urban areas except use component all others have significant impact on multidimensional poverty. Further, components of multidimensional poverty were also found to be significantly impacting water poverty.Item Establishing the relationship between population aging and health care expenditure in India(Emerald, 2022-02) Giri, Arun Kumar; Mohapatra, Geetilaxmi; Arora, RahulThe main purpose of this paper is to examine the role of population aging in determining the health care expenditure (HCE) in India over the period 1981 to 2018.