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PurposeThis study aims to examine the relationship between exchange rate risk and export at commodity level for the Indian case.Design/methodology/approachThe monthly panel data used for analysis are at a disaggregated level, which cover around 100 products, encompassing all merchandize sectors for the period spanning from 2012:12 to 2017:11. To measure the exchange rate volatility, the authors use real as well as nominal exchange rate concepts and predict the volatility of exchange rate using the autoregressive conditional heteroscedastic-based model. They use pooled mean group, mean group and common correlated effects mean group estimator that is suitable for the objectives and data frequency.FindingsThe empirical analysis indicates both short- and long-term negative effects of exchange rate variations on exporting. Specifically, in the long run, real exchange rate as well as nominal exchange rate volatility has significant effects on export performance, yet, the effects of uncertainty of nominal exchange rate is much severe and intense. In the short run, it is the nominal exchange rate uncertainty that hurts exports from India. Nevertheless, the short-run effect is much lesser than the long-run, supporting the argument that the short-term exchange rate risk can be hedged, at least partially, through financial instruments; however, uncertainty of the long-term horizon cannot be hedged easily and cost-effectively.Practical implicationsReducing uncertainty and attaining stability in exchange rate and price level should be an important policy objective in developing countries such as India to achieve higher export growth, both in the short and long run.Originality/valueUnlike previous studies, this paper tests the relationship using micro-level data and uses advanced econometric techniques that are likely to provide more precise information regarding the association between exchange rate volatility and trade flows.

PurposeThe purpose of this paper is to analyze the factors that determine Public Private Partnership (PPP) in infrastructure by using a unique data set on Private Participation in Infrastructure (PPI) for the period 1990‐2008. The study mainly focuses on developing countries, because these countries need PPP arrangement more urgently than any other group of countries.Design/methodology/approachFor the analysis, a range of advanced panel estimators, namely random‐Poisson, negative binomial, random‐generalized least square (GLS), random‐tobit, zero‐inflated Poisson (ZIP), are utilized to overcome the potential data‐related problems and for the robustness check of the estimated results.FindingsThe results of the analysis suggest that large size and relatively higher income markets attract more PPP projects. The empirical evidence also suggests that macroeconomic stability, quality of regulation and governance are important factors in determining PPP in the infrastructure. Surprisingly, however, the evidence fails to provide any strong support for the role of political factors and budget constraint in the process.Practical implicationsThe findings of this study will help the policymakers of developing countries in framing up such policies, so as to encourage more private firms to engage in infrastructure building through PPP.Originality/valueThe paper describes the first attempt of its kind to investigate the determinants of PPP in the context of developing countries.

The policy of the Government of India to turn its northeastern region, especially Arunachal Pradesh, into 'India's Future Powerhouse' by generating massive hydel power from almost all its perennial rivers has led to widespread protests in the region. These protests are based on the apprehension that this new 'development' initiative of the government would spell disaster to the river ecosystem and the livelihood and cultural heritage of the people of the region. The protests are also informed by the fact that the region is seismically very active, geologically fragile and ecologically sensitive. The conflict between the government's new logic of development in a region considered as a distant security frontier and the local people's apprehensions and questions about the character of this development has unfolded a complex discourse entangled in the interplay of issues concerning development, environment, people's rights and rule of law.

Deepak K. Mishra, Vandana Upadhyay and Atul Sarma, Unfolding Crisis in Assam's Tea Plantations: Employment and Occupational Mobility, New Delhi: Routledge, 2012, xvi + 246 pp.

Ashraf Patel, Meenu Venkateswaran, Kamini Prakash and Arjun Shekhar (Eds), The Ocean in a Drop: Inside-out Youth Leadership, New Delhi: SAGE Publications, 2013, pp. 227, ₹375.

The book examines how corruption is viewed in theoretical and empirical literature and how various macro- and micro-level approaches have been followed to study the issue. It offers an inter-country comparison of corruption, indicating the role of governance in the context of growth. The volume attempts to work out the extent of understatement of personal income, resulting in the loss of government revenue from personal income tax. It also examines the impact of corruption on performance, and studies determinants of bribery in an attempt to understand why some firms pay bribes while others do not, despite being subject to the same macroeconomic environment, policy and regulations