Risks and Resilience of Emerging Economies: Essays in Honour of Professor Ajitava Raychaudhuri (India Studies in Business and Economics)

Preface
Editors’ Note
Contents
Editors and Contributors
Development Fundamentals: Macroeconomic Parameters
COVID-19: A Means of Exploitation
	1 Introduction
		1.1 The Model
		1.2 COVID-19-Related Restrictions and Lockdown and the Land Holding of the Small Producers
		1.3 COVID-19-Induced Shutdown of the Unorganized Sector and Distress Sale of Land
		1.4 COVID-19, the Spread of Digital Technology and the Loss of Land of the Small Producers
		1.5 Conclusion
	References
An Analysis of the Impact of GST on States’ Indirect Tax Revenue and on Economic Formalization with Special Focus on West Bengal
	1 Introduction
	2 Literature Review
	3 Data and Methodology
		3.1 Data
		3.2 Methodology
	4 Assessment of Impact of GST on the States’ Indirect Tax Revenue
		4.1 Tax Collection to GSDP
		4.2 Tax Buoyancy
		4.3 Dependency of States on GST Compensation Cess
		4.4 GST Collection (Manufacturing Versus Consumption States)
	5 Impact of COVID-19 on States’ Tax Collection
		5.1 Impact of COVID-19 on West Bengal GST Collection
	6 Impact of GST on Formalization of Economy
		6.1 Change in Number of MSME Registrations
		6.2 Total Number Registered Persons on Payroll
	7 Conclusion
	Appendix
	References
Digital Transformation, Digital Entrepreneurship, and Economy: A Cross-Country Analysis Using Moderated Mediation Modeling Technique
	1 Introduction
	2 Review of Literature
	3 Theoretical Background
	4 Research Methodology
		4.1 Data and Sample Description
		4.2 Analytical Approach
		4.3 Measures
	5 Results and Findings Data Processing and Analysis
		5.1 Descriptive Analysis
		5.2 Path Model
	6 Discussion of Findings
		6.1 Descriptive Analysis
		6.2 Mediation Analysis
		6.3 Moderation Analysis
		6.4 Moderated Mediation Effects
	7 Conclusions, Implications, and Scope for Future Research
	References
Bi-directional Causality Between Volatility in Output Growth and Price Growth: Evidence from Rice Production in India Using ARCH/GARCH and Panel VECM Approach
	1 Introduction
	2 Methodology and Data Source
		2.1 The Estimation of Volatility: The Autoregressive Conditional Heteroskedasticity Model (ARCH)
		2.2 The Estimation of Volatility: The Generalized Autoregressive Conditional Heteroskedastic Model (GARCH)
		2.3 Panel Unit Root Tests
		2.4 Panel Co-integration Test
		2.5 Estimation and Inference of Panel Co-integrating Model
		2.6 Panel Vector Error Correction Model (VECM)
		2.7 Wald-Test for Estimating the Short-Run Fluctuations
		2.8 Data Sources
	3 Results of Analysis
		3.1 Output Volatility
		3.2 Price Volatility
		3.3 Panel Unit Root Tests Results
		3.4 Panel Co-integration Tests Results
		3.5 Estimation and Inference of Panel Co-integrating Model
		3.6 Estimation and Inference of Panel VECM Model
	4 Conclusion
	Appendix 1: Correlogram (Partial Correlation Plot) Results of GVRP and GVPR for All Four States
	References
Unlocking the GVC Potentials in India: Role of Trade Facilitation
	1 Introduction
	2 India and GVCs: Emerging Trends
	3 Trade Facilitation: Achievements So Far
		3.1 Why Trade Facilitation?
		3.2 Trade Facilitation Achievements
	4 Challenges, Priorities, and Policy Interventions
		4.1 Placing Trade Facilitation as a National Priority
		4.2 Strengthening Trade Logistics
		4.3 Compliance with Trade-Related Standards
	5 Conclusions
	Appendix –Trends in India’s Sectoral GVCs (%)
	References
Exchange Rate Pass-Through in South Asian Countries
	1 Introduction
		1.1 Review of Literature
		1.2 Theoretical Background
	2 Empirical Methodology and Data Description
		2.1 Econometric Modelling
		2.2 Data
	3 Econometric Results
	4 Conclusions
	References
Export Decision and Export Performance of Manufacturing Firms an Experience from Indian Organized Sector
	1 Introduction
	2 Data Description and Methodology
		2.1 Stochastic Frontier Analysis
	3 Data Exploration
	4 Empirical Analysis
	5 Conclusion
	References
The Impact of Global Financial Crisis on the Efficiency of Indian Banks: Evaluation with Data Envelopment Analysis
	1 Introduction
	2 Literature Review
	3 Methodology
		3.1 Theoretical Framework
		3.2 Empirical Model and Data
	4 Results and Discussion
	5 Conclusion
	References
Does Government Effectiveness and Regulatory Framework of a Country Influence the Performance of MFIs? an Empirical Study on Selected Asian Countries
	1 Introduction
	2 Methodology
		2.1 Data Analysis
	3 Multilevel Model Analyses
	4 Conclusions
	Appendix
	References
Development Fundamentals: Demography and Social Sector
Subaltern Urbanization: The Birth of Census Towns in West Bengal
	1 Introduction
	2 The Survey of Literature
	3 The Principal Component Analysis
		3.1 The Data
		3.2 The Principal Components
		3.3 The Regression
		3.4 The Results
	4 Conclusions
	References
Gendered Occupational Segregation and Its Cost in India: Evidence from NSSO Data
	1 Introduction
	2 Objectives
	3 Data and Methodology
		3.1 Data
		3.2 Measuring Occupational Segregation
		3.3 Gender-Based Discrimination in Occupational Choice
		3.4 Cost of Occupational Segregation
	4 Findings
		4.1 Sample Profile
		4.2 Duncan and Duncan Index Across Sectors, Occupational Categories and States
		4.3 Choropleth Maps of Duncan and Duncan Index
		4.4 Calculation of Dissimilarity Index with Labour Market Discrimination
		4.5 Estimation of Cost of Segregation
	5 Discussion and Conclusion
	References
Does Job Prospect Influence School Enrolment for Women in South Asia?
	1 Introduction
	2 A Brief Literature Review
	3 Data and Empirical Method
		3.1 Data
		3.2 Empirical Methods
		3.3 Identification and Causal Relation
	4 Empirical Results
	5 Concluding Remarks
	Appendix 1
	References
Regional Patterns and Dynamics of Learning Outcomes in India
	1 Introduction
	2 Background and Data Description
	3 Empirical Model
	4 Results
	5 Conclusion
	Appendix
	References
Gender Differential of Educational Outcomes in India: How Does Space Matter?
	1 Introduction
	2 Objective, Data and Methods
	3 Empirical Analysis
		3.1 Descriptive Statistics
		3.2 Econometric Analysis
	4 Conclusion and Policy Implication
	Appendix 1: Graphical Representation of CIE, DSE, CIL and DSL (Mean Inequality of All States Has Been Considered as Overall Average)
	Appendix 2: Graphical Representation of LMI of DSL and CIL Over Four Time Points (2000, 2005, 2010, 2015)
	References
Inheritance of Educational Attainment: Instance of Caste Certificate in India
	1 Introduction
	2 Data and Methodology
		2.1 Transition Matrix
	3 Results
		3.1 Observations from Transition Matrix
		3.2 Results of  Probit Regression
	4 Conclusion
	References