Indira Gandhi Institute of Development Research

About: Indira Gandhi Institute of Development Research is a facility organization based out in Mumbai, Maharashtra, India. It is known for research contribution in the topics: Monetary policy & Inflation. The organization has 307 authors who have published 1021 publications receiving 18848 citations.

Sustainability of transport system: Case study of Greater Mumbai

Abstract: Sustainable transport is about taking holistic approach by considering economic, society and environment along with the mobility and accessibility requirement of people. In case of Greater Mumbai, there is presence of inequity in provision of transport infrastructure and service. The first part of paper arrives at sustainability indicator by means of compounded economic, social & demographic, land use and transport access indicators. The second part of paper measures the extent of sustainability in various wards of Greater Mumbai. It was important to study the extent of sustainability by measuring the gap between sustainability & HDI indicator and sustainability & transport access indicator. In terms of transport access, the gap between transport access indicator and sustainability indicator is present in most of the wards of Greater Mumbai. The overall result proves that there is urgent need to address the provision of transport access in most of the wards of Greater Mumbai. Purpose: The main purpose of this paper is to arrive at sustainability indicator and to measures the extent of sustainability in various wards of Greater Mumbai in transport. Methodology: The paper arrives at sustainability indicator by developing compounded economic, social and demographic, land use and transport access indicators. In order to calculate economic, social & demographic, land-use and transport access indicator considered normalized value of each indicators derived from maximum point normalization across all wards. Finally equal weighted average of all indicators was taken to calculate the overall sustainability indicator. To measure the extent of sustainability in various wards of Greater Mumbai was done by comparing aggregate sustainable indicator with HDI indicator and transport access indicator. Result: The overall result proves that there is urgent need to address the provision of transport access in most of the wards of Greater Mumbai. The theoretical contribution: This paper arrives at sustainability indicator by compiling economic, social and demographic, land use and transport access indicators. Practical implications: This paper calculates ward level sustainability in Greater Mumbai and identifies the need to make provision of different transport infrastructure.

The Sectoral Impact of Monetary Policy Transmission in India: A Panel VAR Approach

Abstract: A structural panel vector autoregression (VAR) analysis is done to analyze the impact of monetary policy shock on people associated with various occupations. To understand the efficacy of b...

Performance Evaluation of Mutual Funds Using Frontier Methods

Abstract: The mutual funds industry in an economy plays an important role in channeling savings into investments. Given the limited amount of savings, economic efficiency requires that such savings be allocated to firms with the highest return on investments, adjusted for risk. Performance evaluation of mutual funds, therefore, becomes important. In this chapter, we survey the extant literature on this subject outlining the important works that have been carried out till date.

Persistent Sunk Cost Fallacy in a Real Effort Experiment

Abstract: Subjects deciding whether to earn income by completing simple tasks in a real effort experiment performed better if they faced a sunk cost at the time of decision. The effect tended to persist until well after the initial decision.

Marxian Perspective on the Global Crisis: “Povorot” or “Perelom”?

Abstract: This chapter presents an overview of the Marxian perspective on the global crisis. Karl Marx had a full-fledged theory of the economic crises of capitalism. Authors like Mandel and Clarke have tried to adapt the orthodox Marxian theory to the characteristics of the kind of “mature” capitalism that prevails in the developed economies of the West currently. While most of the other theories of crises regard them as arising from market and/or regulatory failure, greed, speculation or some other aberrations, the Marxian theory regards crises as a dialectical process, arising from the contradictions between the means and methods of production and the social milieu within which this production takes place. Crucial to the Marxian theory of crises is the proposition that the rate of profit in a capitalist economy exhibits a tendency to fall, and it is in the efforts of capitalists to counteract this tendency that the roots of crises lie.