Suchergebnisse

Stability results for an open economy DSGE adapted to an emerging market (SOEME) with a dualistic structure have the same structure as in the original model, but those derived for the simulated version turn out to impose no restriction on the coefficient of inflation, but rather a threshold on the coefficient of the output gap. Other rigidities, lags and some degree of backward looking behavior in the simulated SOEME model arising from its calibration to an emerging market, may be helping provide a nominal anchor. Estimation of a Taylor rule for India, simulations in the SOEME model itself and a variant with government debt, confirm the analytical result. Implications are, first, optimization can be as effective as following a monetary policy rule. Second, knowledge of the specific rigidities in an economy can give useful inputs for the design of policy—their effect on stability should be more carefully researched.

Creation of road transport infrastructure, through its direct and indirect effects, has a bearing on sustainability of growth and overall development of a country. It provides knowledge spillovers resulting from the whole agglomerated area via network dynamic externalities. The models based on cost or production function that incorporate infrastructure but simply assume a positive effect are no longer satisfactory to take to the data, because they ignore any feedback effect. In this article, therefore, we have twin objectives: first, we examine whether road transport infrastructure has a long-run equilibrium relationship with the macroeconomic variables such as output, employment and gross private capital formation or not. Second, we use vector autoregression (VAR) approach to analyse the impact of road transport infrastructure on macroeconomic variables. The elasticities that are estimated in the VAR model differ from the production function elasticities, as they incorporate feedback effect between the variables in the model, as opposed to the 'ceteris paribus' elasticities which are estimated in production function studies.

The journey towards the future of work was greatly accelerated due to the COVID pandemic. Some changes have altered the functioning of the business world forever. Against the backdrop of these alterations, variations, and modifications, this book presents and analyzes three crucial factors: work, workforce, and workplace and their transformation into new-age organizations for meeting its customer expectations and long-term strategic goals. Companies must focus on ways of deployment of policies and practices that meet the business needs from the perspective of external changes. To achieve this goal, the organizations must realign their stakeholders and indulge in critical thinking by looking deeply into factors responsible for bringing about this transformational change. Re-envisioning is the current critical need for organizations to thrive; they must incorporate best practices to beat the competition and add value to their existing HR processes. This book clearly presents the practices and policies of successful organizations through the contribution of industry leaders. This book helps you understand the dynamism of work, workforce, and workplace that exist in organizations (as well as the challenges these organizations face) and their impact on business practices. The authors cover these broad areas because of the need to diversify and promote organic inclusive growth. Essentially, re-envisioning our organizations is the new normal. Organizations must leave the shackles of what might have been and look to what they can be. Stakeholders, employees, and the environment have been drastically altered, and organizations must change accordingly to survive. What now matters is how much an organization re-envisions itself and how it deals with all that is happening.

"This book presents the Quality of Life using a contemporary and interdisciplinary approach. Various socio-cultural, spiritual, technological, and human factors aspects which have an immense bearing on our lives, are an integral part of this book. This book highlights cultural differences in terms of Quality of Life. It recognizes the presence of cultural differences resulting from the social status attributed to an individual's age, gender, class, race, and ethnicity. It can be used as a guide in the field of global well-being and for future research. It presents clues to complex problems and empirical materials and attempts to bring out a more comprehensive picture of global and contemporary Quality of Life and Well-Being. The book can also fill a gap in teaching and research. Those that will find this book useful will be researchers, academicians, practitioners and students of management, behavioral science, human factors, psychology, health economics, sociology, public health and politics"--