Analytical Issues in Trade, Development and Finance

This Edited Volume consists of research papers written by leading economists in honour of great teacher of economics, Professor Biswajit Chatterjee of Department of Economics, Jadavpur University, who was until recently the President of the Indian Econometric Society. The themes of the papers divided into three broad sections -- international trade, economic development, macroeconomics and finance -- are of contemporary relevance in advancing the literature -- theoretical and empirical.§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 linkage 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 Payment imbalances.§Section II consists of discussions on causes of widespread poverty persisting in South Asia, development dividend associated with peace in South Asia, issues in well-being and human development, implications for endogenous growth through human capital accumulation on environmental quality and taxation, the rationale for labour supply schedule for the poor, switching as an investment strategy, role of govt 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 break in India s service sector development, and the phenomenon of wasted votes in the Parliamentary Elections of India.§Section III deals with the effectiveness of monetary policy in tackling economic crisis, 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 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 implications of contagious crises for the Indian economy. §