Indian Institute of Management Calcutta

About: Indian Institute of Management Calcutta is a education organization based out in Kolkata, India. It is known for research contribution in the topics: Supply chain & Emerging markets. The organization has 415 authors who have published 1354 publications receiving 21725 citations. The organization is also known as: IIMC & IIM Calcutta.

Beyond the average: Ethnic capital heterogeneity and intergenerational transmission of education

Abstract: Estimating the effect of ethnic capital on human capital investment decisions is complicated by the endogeneity of immigrants’ location choice, unobserved local correlates and the reflection problem. We exploit the institutional setting of a rare immigrant settlement policy in Germany, that generates quasi-random assignment across regions, and identify the causal impact of heterogeneous ethnic capital on educational outcomes of children. Correcting for endogenous location choice and correlated unobservables, we find that children of low-educated parents benefit significantly from the presence of high-educated parental peers of the same ethnicity. High educated parental peers from other ethnicities do not influence children’s learning achievements. Our estimates are unlikely to be confounded by the reflection problem since we study the effects of parental peers’ human capital which is pre-determined with respect to children’s outcomes. Our findings further suggest an increase in parental aspirations as a possible mechanism driving the heterogeneous ethnic capital effects, implying that profiling peers or ethnic role models could be important for migrant integration policies.

Logic Conflicts in Community-Based Palliative Care

Abstract: Community-based palliative care services and their integration with public health systems are of considerable contemporary interest. However, the conflicts that emerge in such a complex organizatio...

Real Exchange Rate and Real Interest Rate Differential: A Cointegration Approach with Structural Shifts

Abstract: Long term determinants of the movements in exchange rate have been an active interest area for both theoretical and empirical research. In this paper, we consider the long term relationship between exchange rates, inflation and interest rates. We find evidence that the purchasing power parity does not hold for the USD/INR exchange rate, which is consistent with previous research. We examine the relationship between real exchange rate and real interest rate differential between India and USA. We find weak evidence of cointegration between USD/INR real exchange rate, US real interest rate and Indian real interest rate. We also find no evidence of cointegration between USD/INR real exchange rate and real interest rate differential using standard cointegration tests. To make our analysis robust, we identify important structural shifts in the exchange rate and interest rates and introduce them in our analysis to test the cointegration between real exchange rate and real interest rates. After introducing structural shifts, we find new evidence of a long term equilibrium relationship between USD/INR real exchange rate and real interest rate differential between the two countries. The results of our study underscore the significance of monetary factors in predicting exchange rates in the long term as well as the role of structural shifts in long term time series analysis.

Demographics and Entrepreneurship: Evidence from Germany and India

Abstract: There is increasing empirical evidence to suggest that the source of economic growth for many nations is entrepreneurial activity (Audretsch and Fritsch, 2003). However, there is still a strong need for empirical support on the various theoretical factors that are hypothesized to foster entrepreneurial activity. With scholars questioning the applicability and validity of theory in global settings, many national level empirical studies are needed in different geographical and cultural contexts. This chapter attempts to examine the empirical evidence on the impact of three critical demographic factors namely, migration, population structure and higher education on entrepreneurial activity, in the cross-cultural context of Germany and India. Germany and India have different levels of entrepreneurial activities (Global Entrepreneurship Monitor, 2002). They also share some interesting commonalities and differences in demographics. Some of these commonalities and differences have been associated with entrepreneurship in the literature. These are: migration (Aldrich and Waldinger, 1990; Constant et al., 2004), higher education (Baumol, 2005; Chander and Thangavelu, 2004) and population structure (Wagner and Sternberg, 2004). Hence, it would be interesting to study how these variables have contributed to differences in entrepreneurial activities in the two countries, even though there are many other factors like unemployment, participation of