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.

Urbanization and Spatial Patterns of Internal Migration in India

Abstract: With an urbanization level of 31.16 % in 2011, India is the least urbanized country among the top 10 economies of the world. In addition, unlike other countries, the transition of workforce out of agriculture is incomplete. This coupled with jobless growth in recent years has contributed to an increase in certain migration streams. While rural–rural migration continues to be the largest in terms of magnitude, we also document an increase in two-way commuting across rural and urban areas. Further, there are a large number of short term migrants and an increase in return migration rate is also observed.

Ownership Concentration and Firm Value: A Study from the Indian Corporate Sector

Abstract: This paper contributes to understanding corporate governance issues in emerging economies by examining how blockholders influence firm value. Using a much disaggregated and uniform database from the Indian corporate sector for the year 2001, we examine the interaction between ownership structure and firm value in the following ways. Unlike most existing research, which studies the aggregate level of ownership, we include a wider set of mechanisms, such as identity and ownership concentration of outside blockholders controlling at least 5 percent of total equity of the firm. We analyze the role played by these shareholders with substantial voting power in situations when equity holding is less compared to the more concentrated holdings of promoters. We also attempt to see if these investors coordinate among themselves to constrain insiders from expropriating corporate resources. We find a significant curvilinear relationship between firm value and the fraction of voting rights owned by insiders. The curve ...

The provision of public services by government funded decentralized agencies

Abstract: Public services are often provided by lower level agencies that are funded by higher level government. Since markets for such services do not exist, normal pressures to minimize costs do not operate; indeed, usually these costs are unobservable. We study a principal-agent model which emphasizes the distinction between the financing and provision of public services. Two broad situations are analyzed: (i) the agencies are induced to reveal true costs; and (ii) in addition, to minimize costs, agencies must be induced to exert effort. The characteristics of the optimal funding contract and the marginal cost of public funds are derived in each case.

Tourist Arrivals in India: How Important are Domestic Disorders?:

Abstract: The Indian tourism industry has flourished in the past few years, significantly contributing to the nation's gross domestic product, foreign exchange earnings and employment. India, with its rich natural beauty, is unquestionably a destination that should promote tourism. Over the past few years the Indian government has taken various measures to do this, but the tourism potential of the country has still not been maximized. This paper presents an empirical analysis of the determinants of international tourist arrivals in India using annual data from 1966 to 2000. The results show that sociopolitical factors – communalism, terrorism and tensions with Pakistan – constitute serious threats to the tourism industry, limiting the gains that could otherwise have been realized.