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

Articles by Sugata MarjitSubscribe to Sugata Marjit

Decentralised Financing, Governance and Public-Private Co-operation

This paper talks about financial autonomy of the local governments, such as panchayats. A mechanism is suggested by which panchayats can come in direct contact with the private taxpayers and other funding agencies. This scheme is important once we seriously take account of a corruptible system of collection and redistribution. The so-called 'decentralisation' process, which makes panchayats dependent on central and state hierarchies, is bound to be inefficient. This calls for decentralisation of financial power.

Limits of Economic Analysis

Limits of Economic Analysis Sugata Marjit Analytical Development Economics: The Less Developed Economy Revisited by Kaushik Basu; Oxford University Press, Delhi, 1998; pp 361, Rs 495.

Swadeshi Budget 1998-99-Reality vs Rhetoric

The Budget 1998-99 has been termed a 'swadeshi' budget primarily because (a) it is a budget by the BJP which has been projecting 'nationalistic' sentiments, of course without disclosing 'whose nation' they are trying to protect, (b) customs duties are up by 8 per cent, and (c) insurance sector awaits Indian entrepreneurs, and the NRIs are being wooed through PIO cards so that they feel more at home with their homeland. But it is ironical that right after presenting the 'swadeshi' budget, the government had to succumb to the Suzuki pressure and give up its claims in exchange for the withdrawal of the arbitration proceedings by Suzuki.

Economic Growth and Regional Divergence-in India, 1960 to 1995

Sugata Marjit Chiranjib Neogi The current literature on regional convergence has centred on the empirical relationship between initial income and its long run growth rate found among the regions in the developed countries. The fundamental basis of the 'converging' outcome is the neo-classical assumption of the law of diminishing returns to capital In contrast to the conventional results of the developed countries, the present paper has found that Indian states have been diverging over the period of last 35 years, Moreover, this result does not nullify the role of planning through disbursement of development funds across the states. The Indian scenario exhibits interesting relationship between private and public capital in the regional contextLater a simple model is developed to highlight the relationship between growth and public investment.

Financial Volatility and Convertibility-Some Methodological Issues

Some Methodological Issues Sugata Marjit Saibal Kar This paper tries to build up a simple index which captures the financial volatility of an open economy. Judged by this index, a cross-country study of 21 developing nations over 1993-95 suggests that Thailand and Malaysia, in spite of having strong macro fundamentals, were vulnerable to financial crisis, India performs quite well in terms of the index. However, we argue that such 'performance' does not justify unfettered movement of short- term capital.

Convergence in Regional Growth Rates-Indian Research Agenda

Convergence in Regional Growth Rates Indian Research Agenda Sugata Marjit Sandip Mitra Restriction on resource movements plays an important role in justifying 'convergence' in regional income levels. The existing theories do not highlight its importance. After providing a critique of the Barro-Sala-I-Martin (1995) approach, the authors present a very preliminary study on the Indian states. It is observed that the states have been 'diverging' rather than converging in terms of their per capita income.

Protection and Exports

 55 Cf J P Naik Educational Planning in India. Allied Publisher . Bombay, 1965, p 85 56 8 Neill op cit, p 86. 57 S Nurullah and J P Naik, op cit, p 270.

Transferring Personalised Knowledge-Guru s Dilemma

Bequest motives, imperfect capital market and lack of state patronage adversely affect the socially optimal degree of knowledge transfer. In fact the transition from a concentric patronage system to the market-based incentives in the absence of supportive insurance schemes could be detrimental to the healthy preservation of such a culture.

Protection and Exports A Theoretical Note

Protection and Exports: A Theoretical Note Sugata Marjit Abhirup Sarkar Protected home market reduces incentives for exports. We theoretically examine such an assertion and argue that if tariff is the protectionary device, exactly the opposite should be true. The conventional wisdom holds for quantitative restrictions. Our discussion critically clarifies the hypothesis that Indian exports are residual.

Trade Related Intellectual Property Rights and GATT

This paper provides a theoretical discussion on TRIPS and concludes the following; (a) Uniform patent lengths across products and countries can be hardly justified even if one ignores country specific- characteristics.

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