Artha vijñāna: journal of the Gokhale Institute of Politics and Economics, Poona (India) = Artha vijñāna: Gokhale Artha Śāstra Samsthā Dvārā Prakāśita Traimēsika Pātrikā

Publisher: Gokhale Institute of Politics and Economics

Description

  • Impact factor
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  • Other titles
    Artha Vijnana, Artha vijñāna
  • ISSN
    0004-3559
  • OCLC
    1587766
  • Material type
    Periodical
  • Document type
    Journal / Magazine / Newspaper

Publications in this journal

  • [Show abstract] [Hide abstract]
    ABSTRACT: This study analyzes not only the linkages that exist among the BRIC countries, but also those between the BRIC markets and major developed markets (USA, UK and Japan). The study looks at closing stock prices, from January 1997 to June 2010, using Unit roots, Granger causality, cointegration and Error correction mechanism. The results of the study are somewhat mixed, the evidence indicates that the BRIC economies move partially with the markets of other developed countries and also among themselves. The lack of strong links among BRIC markets and between their counterparts in developed economies presents an opportunity for portfolio diversification.
    Artha vijñāna: journal of the Gokhale Institute of Politics and Economics, Poona (India) = Artha vijñāna: Gokhale Artha Śāstra Samsthā Dvārā Prakāśita Traimēsika Pātrikā 02/2013; LIV(1):53-81.
  • Artha vijñāna: journal of the Gokhale Institute of Politics and Economics, Poona (India) = Artha vijñāna: Gokhale Artha Śāstra Samsthā Dvārā Prakāśita Traimēsika Pātrikā 12/2012; LIV(4):434-448.
  • [Show abstract] [Hide abstract]
    ABSTRACT: Social sector generally comprises those sectors of the economy which usually deal with human welfare and not with pure economics and economic considerations. Expenditure on it is generally welfare-oriented and no particular return in monetary terms is expected from it. Considering the importance of social sector expenditure and to understand the degree of government’s involvement in and commitment to it, this paper examines the trends in social sector expenditure in India and Punjab during pre-reforms (1980-1991) and post-reforms (1991-2011) periods. It shows a decline in social sector expenditure and calls for an urgent introspection of policy-makers so that the provision of basic social services receives balanced weight in the formulation of all macroeconomic plans, policies and programmes.
    Artha vijñāna: journal of the Gokhale Institute of Politics and Economics, Poona (India) = Artha vijñāna: Gokhale Artha Śāstra Samsthā Dvārā Prakāśita Traimēsika Pātrikā 09/2011; Volume LIII(No. 3-September 2011):262-284.
  • [Show abstract] [Hide abstract]
    ABSTRACT: "A safe haven can be broadly defined as an asset allowing the preservation of wealth during periods of financial turmoil. This can be characterized by looking their negative correlations with risky assets specifically during crises. This paper employs a dynamic conditional correlation GARCH (DCC-GARCH) model proposed by Engel (2002) to test the safe haven property of the gold against stock market in India during the recent financial crisis periods. For the purpose we utilize 3001 daily observations (after adjusting for the dates and missing observations due to holidays) on gold price and BSE SENSEX index closing price for the period from 1st January 1998 to 30th September 2009. The empirical evidence is consistent with the study by Baur and Lucey (2010) that the gold is a safe haven and hedge in extreme stock market conditions."
    Artha vijñāna: journal of the Gokhale Institute of Politics and Economics, Poona (India) = Artha vijñāna: Gokhale Artha Śāstra Samsthā Dvārā Prakāśita Traimēsika Pātrikā 06/2011; LIII(2):125 - 135 pp.
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    ABSTRACT: In the context of globalization and development, and in particular the complex interactions between them, the Pacific Island Countries (PICs), once considered remote and untouched by sophisticated financial sector instruments, are now deeply affected by the second and third waves of the world-wide recession following the financial and banking crises in the industrialized countries. Consequent decline in economic activities in the advanced countries caused a general slow-down in all PICs. With the exception of Papua New Guinea, the PICs have narrow resource bases and limited export earning capabilities. Further, they are heavily dependent on imports ranging from food and fuel to machinery and manufactured goods. Global economic downturn has resulted in decrease in tourism earnings and inward remittances, which are the main sources of foreign exchange earnings. Thus, the economic crisis has brought into sharp focus the topic of macroeconomic interdependence of PICs for further examination, as part of regional economic integration. This paper deals with six major countries in the South Pacific region, viz., Fiji, Papua New Guinea, Samoa, Solomon Islands, Tonga and Vanuatu. Adopting a vector autoregressive (VAR) methodology, the study shows that there is strong evidence of country-specific shock affecting the variability of outputs in all PICs in the short-run. In the long run, it is found that the global output shock represented by the USA output shock is the most important shock followed by regional shocks. However, the quick and early recovery of Australia has re-established the case of regional economic integration with Australia and New Zealand. This has been the goal of Pacific Plan endorsed by the inter-governmental organization consisting of PICs, and Australia and New Zealand.
    Artha vijñāna: journal of the Gokhale Institute of Politics and Economics, Poona (India) = Artha vijñāna: Gokhale Artha Śāstra Samsthā Dvārā Prakāśita Traimēsika Pātrikā 01/2011; 52(4):283-305.
  • Artha vijñāna: journal of the Gokhale Institute of Politics and Economics, Poona (India) = Artha vijñāna: Gokhale Artha Śāstra Samsthā Dvārā Prakāśita Traimēsika Pātrikā 12/2010; LII(4):346 - 363.
  • Artha vijñāna: journal of the Gokhale Institute of Politics and Economics, Poona (India) = Artha vijñāna: Gokhale Artha Śāstra Samsthā Dvārā Prakāśita Traimēsika Pātrikā 01/2010;
  • Artha vijñāna: journal of the Gokhale Institute of Politics and Economics, Poona (India) = Artha vijñāna: Gokhale Artha Śāstra Samsthā Dvārā Prakāśita Traimēsika Pātrikā 06/2008; L(2):129-150.