Papers by Meenakshi Rajeev
Investing in Labor and Technology: Two “Faces” in India. Comparison of SMEs in West Bengal and Tamil Nadu
Sustaining Entrepreneurship and Economic Growth, 2009
Using the non parametric approach of Data Envelopment Analysis (DEA) this paper examines firm's h... more Using the non parametric approach of Data Envelopment Analysis (DEA) this paper examines firm's heterogeneity in the Indian pharmaceutical industry by measuring their input and output efficiencies for the period 1991 to 2005. The analysis establishes that even though firms have been able to make efficient use of inputs like labor and raw material the output efficiency of the firms reveals a declining trend. The phenomenon can be attributed to the differences in the size of firms and the presence of economies of scale in production. Further analysis reveals the importance of firm specific factors like its strategies and structure for variation in output efficiency. We find firms that are vertically integrated with down-stream raw-material industry are more efficient. We also find that R&D is a possible strategic option for firms to gain higher efficiency but only for the large sized firms.
With the development of information technology (IT), computers and telecom networks based service... more With the development of information technology (IT), computers and telecom networks based services are playing a significant role in many developing economies. Business process outsourcing (BPO) industry is a product of this revolution. Growth of the BPO industry has helped the economies of many developing countries, especially in Asia, and India is prominent amongst them. Unlike the software industry, BPOs
Banking on 'Baniyas' for Credit
Economic and Political Weekly, Jan 27, 2007
... selected randomly. To select a sample of farmer households who borrowed any time during the l... more ... selected randomly. To select a sample of farmer households who borrowed any time during the last two years from the formal sector, we took help of the ledgers of the UCOBank branches operating in our study area. In Tarakeswar ...
Access by the poor to financial resources on favourable terms and conditions is a necessary prere... more Access by the poor to financial resources on favourable terms and conditions is a necessary prerequisite for achieving any developmental goal for an economy. However, in India, about 50 percent of the population are financially excluded from the formal banking network. These households avail loans from informal lenders, who generally impose unfavourable terms and conditions on the borrower. This paper, based on an in-depth analysis of National Sample Survey Organisation (59th round, All India Debt and Investment Survey, 2003) unit record data, seeks to understand the factors that influence the formation of interest rates in the developed region vis-àvis the less developed ones, as the latter are seen to experience higher rates of interest. Using an ordered logit model, our analysis shows how in the developed regions the lack of monopoly power of lenders brings down interest rate levels.
applied areas of the social sciences, encompassing diverse aspects of development. ISEC works wit... more applied areas of the social sciences, encompassing diverse aspects of development. ISEC works with central, state and local governments as well as international agencies by undertaking systematic studies of resource potential, identifying factors influencing growth and examining measures for reducing poverty. The thrust areas of research include state and local economic policies, issues relating to sociological and demographic transition, environmental issues and fiscal, administrative and political decentralization and governance. It pursues fruitful contacts with other institutions and scholars devoted to social science research through collaborative research programmes, seminars, etc.
Repayment of Loans in the Formal Sector: The Role of Accessibility to Credit from Informal Sources
... Rajeev, M, Dev, S and Ranade , R (2006). Why do poor farmers default less?: Case of Indian i... more ... Rajeev, M, Dev, S and Ranade , R (2006). Why do poor farmers default less?: Case of Indian informal credit market A game theoretic exploration. http://mpra.ub.uni-muenchen.de/768/01/ MPRA_paper_768.pdf. posted: 17 November 2006 Page 24. 24 Shah, A and Sah, DC ...
Banking Sector Reforms and NPA: A study of Indian Commercial Banks
Page 1. Banking Sector Reforms and NPA: A study of Indian Commercial Banks Meenakshi Rajeev HP Ma... more Page 1. Banking Sector Reforms and NPA: A study of Indian Commercial Banks Meenakshi Rajeev HP Mahesh Page 2. ISBN 978-81-7791-108-4 © 2010, Copyright Reserved The Institute for Social and Economic Change, Bangalore ...
Accessibility to Credit and its Determinants: A State-level Analysis of Cultivator Households in India
Margin The Journal of Applied Economic Research
Random Search in the Presence of Markets
This paper examines in a dynamic game-theoretic framework framework, the role of social instituti... more This paper examines in a dynamic game-theoretic framework framework, the role of social institution of money and markets in facilitating exchange. It reveals how, depending on the level of transaction costs associated with a market setup (synonymously, trading posts) appropriate monetary trade emerges, which like a hub and spoke network (Starr and Stinchcombe, 1999) makes some markets non-functioning. However, despite the obvious advantages of a market setup in reducing search costs, pure random search for a complementary trading partner prevails in many economies, especially, in many developing economies. This paper models this feature of developing economies by introducing differences in transaction costs across agents and shows why sustainable equilibria might exist exhibiting random search for certain commodities even in the presence of established markets.
Productivity of Indian Commercial Banks in the Pre- and Post-Liberalization Periods
The present study examines the changes in the Total Factor Productivity (TFP) of Indian commercia... more The present study examines the changes in the Total Factor Productivity (TFP) of Indian commercial banks for the period 1985-2004, when TFP indices are estimated using Malmquist productivity index approach. Further, the TFP indices are decomposed into efficiency change and technical change to see what drives the TFP change. The results show that TFP has improved significantly after liberalization across bank groups. Foreign banks have experienced the highest TFP growth for the total study period. The results also suggest that, on an average, the TFP growth is more due to technological change than efficiency change. However, this does not apply to all years. For TFP, growth is due to efficiency change during some years, due to technical change during some years and due to both during some years. This shows that Indian banking sector has experienced efficiency change as well as technical change.
This paper examines the technical efficiency, technological gap ratio, and productivity change of... more This paper examines the technical efficiency, technological gap ratio, and productivity change of Indian pharmaceutical firms across different groups. The groups are formed based on size, strategies, and product varieties. The analysis indicates that vertically integrated firms that produce both bulk drug and formulation exhibit higher technological innovation and efficiency. However, in contrast with popular belief, the analysis reveals that increased export earnings do not necessarily lead to higher efficiency.
The Institute for Social and Economic Change, Bangalore Institute for Social and Economic Change ... more The Institute for Social and Economic Change, Bangalore Institute for Social and Economic Change (ISEC) is engaged in interdisciplinary research in analytical and applied areas of the social sciences, encompassing diverse aspects of development. ISEC works with central, state and local governments as well as international agencies by undertaking systematic studies of resource potential, identifying factors influencing growth and examining measures for reducing poverty. The thrust areas of research include state and local economic policies, issues relating to sociological and demographic transition, environmental issues and fiscal, administrative and political decentralization and governance. It pursues fruitful contacts with other institutions and scholars devoted to social science research through collaborative research programmes, seminars, etc. The Working Paper Series provides an opportunity for ISEC faculty, visiting fellows and PhD scholars to discuss their ideas and research ...
Intra- and Interstate Inequality in the Northeast Region with Special Reference to Assam
India Studies in Business and Economics, 2015
Reforming Cooperative Credit Structure in India for Financial Inclusion
In the drive for financial inclusion in India, cooperative banks assume prime importance as they a... more In the drive for financial inclusion in India, cooperative banks assume prime importance as they are much more accessible to the rural poor than commercial banks. While more accessible, cooperative banks’ financial health is rather poor and, therefore, might not be able to serve the needy in a sustained manner. A committee led by Prof. Vaidyanathan has outlined a revival package for cooperatives. Besides suggesting an infusion of funds, it called for the adherence to certain stringent norms to ensure the financial viability. The recommendations provided in the committee’s report are under various stages of implementation in India. The book examines the progress of this reform drive in Bihar, a state in Eastern India. It discusses the background for appointing the committee and its recommendations and also presents the findings of a field study conducted in this regard. The findings inform further policy suggestions which are of general interest to the drive for financial inclusion also in ...
Contributions to Economics, 2012
Using the non parametric approach of Data Envelopment Analysis (DEA) this paper examines firm's h... more Using the non parametric approach of Data Envelopment Analysis (DEA) this paper examines firm's heterogeneity in the Indian pharmaceutical industry by measuring their input and output efficiencies for the period 1991 to 2005. The analysis establishes that even though firms have been able to make efficient use of inputs like labor and raw material the output efficiency of the firms reveals a declining trend. The phenomenon can be attributed to the differences in the size of firms and the presence of economies of scale in production. Further analysis reveals the importance of firm specific factors like its strategies and structure for variation in output efficiency. We find firms that are vertically integrated with down-stream raw-material industry are more efficient. We also find that R&D is a possible strategic option for firms to gain higher efficiency but only for the large sized firms.
Services trade has assumed considerable importance for the Indian economy and the role of IT and ... more Services trade has assumed considerable importance for the Indian economy and the role of IT and IT-enabled services (ITES) is particularly worth mentioning in this context. The growth of this sector has not only helped to improve India's current account balance, but also generated income and employment. This paper looks at the ITES industry particularly focusing on three major service lines, viz., customer care, financial and health care. It analyses India's strengths and weaknesses vis-à-vis the competing countries. While the major strength of Indian business process outsourcing (BPO) industry is the availability of cost-effective manpower, ironically, it has been observed that the major challenges faced by the industry in India today are mainly human resource related. The paper comes up with the possible measures necessary for keeping India's competitive edge intact in this segment.
Product Patent, the Problem of Availability of Patented Drugs and Parallel Trade: A Theoretical Approach
The Journal of World Intellectual Property, 2010
... al. (2004) and the Denmark study by Enemark et al. (2006). The ... convergence. Indeed, the a... more ... al. (2004) and the Denmark study by Enemark et al. (2006). The ... convergence. Indeed, the available empirical evidences show no sign of a large reduction in price dispersion across the EU due to parallel trade (Kyle, 2007). On ...
The Singapore Economic Review, 2010
Macroeconomic instability, characterised by high inflation, a fragile foreign exchange position, ... more Macroeconomic instability, characterised by high inflation, a fragile foreign exchange position, high rates of interest, increases uncertainty for any investor or producer and hence slows down economic growth. While this is generally accepted, the usual perception about the agricultural sector, particularly in India, is that it is immune to general macroeconomic shocks. In this paper, we intend to examine this perception formally using a vector auto regressive model. By studying the significance of macroeconomic conditions to the agricultural sector, we observe that the sector is not insulated from macroeconomic shocks.
Asymmetry in Information and Varying Rates of Interest: A Study of the Informal Credit Market in West Bengal
Margin: The Journal of Applied Economic Research, 2009
... Manojit Bhattacharjee Meenakshi Rajeev BP Vani ... this context it is worth mentioning that s... more ... Manojit Bhattacharjee Meenakshi Rajeev BP Vani ... this context it is worth mentioning that studies that have focused on the issue of household indebtedness in the post-liberalisation era have not addressed the issue at the macro-level using micro data (Bhattacharyya 2005; Gill ...
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Papers by Meenakshi Rajeev