ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Articles By Sugata Marjit

The Role of Informality in Moderating the Impact of Adverse Macroeconomic Shocks

In the presence of informality, adverse demand shocks have a lower impact on aggregate output and adverse supply shocks have a lower impact on prices as well as output. Both would imply that countries without a substantial informal sector, largely more affluent nations, would be more exposed to higher prices following such shocks. This is consistent with contemporary evidence of stagflation in developed countries. Being the residual sector, the informal sector inevitably moves in the opposite direction to the formal sector during a bad shock episode, cushioning its aggregate effect. We then show that the argument goes through if the firms have to finance their working capital requirements by borrowing
from the market.

Socio-economic Status of Muslims in West Bengal

Notwithstanding methodological differences, the findings of successive reports on the socio-economic conditions of Muslims in West Bengal show a significant improvement of the community in the state. Muslim majority districts such as Murshidabad and Malda show better performance of some socio-economic indicators like literacy and employment in government jobs than the non-Muslim population among the surveys.