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2768 items in total found

Working Papers | 2011

A Meta Analysis on Adoption of Mobile Financial Services

Rajanish Dass and Pal Sujoy

During the last decade, there has been tremendous growth in mobile penetration in many countries across the globe including a number of developing countries. The total number of mobile subscription 5 billion by the end of 2010 and is further expected to grow multi-folds. On the other hand, around 2.5 billion adults worldwide do not have a savings or credit account with either a regulated bank or alternative financial institution (such as a microfinance institution). Around one billion people in emerging markets have a mobile phone but no access to banking services. This scenario has opened immense opportunities for organizations including banks, insurance companies and telecom operators to strengthen their customer base and increase revenue by providing various financial services to the consumers through mobile technology. Hence, it becomes very important to understand the factors that would act as drivers or inhibitors towards the adoption of mobile financial services (MFS). Quite a few studies have been conducted across the globe to determine the factors affecting adoption of MFS. This paper provides a Meta analysis of the existing academic literature on MFS and determines the strength of the factors and their linkages through a scoring model based on the type of publication. The findings of the study would be beneficial for further research in understanding the dimensions to be considered for developing adoption model for MFS. The findings can also be used by the practitioners involved in MFS in understanding the factors affecting demand for such services.

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Working Papers | 2011

Regional Income Disparities in India and Test
for Convergence - 1980 to 2006

Astha Agarwalla and Prem Pangotra

We examine trends in regional disparities in India over a period of 26 years (1980 to 2006). There are wide and increasing variations in economic performances of states over time. We have employed panel data estimation method based on the neo-classical framework. The analysis is based on 25 state economies in India. Results of the analysis suggest convergent trend in regional incomes, conditional upon growth rates of inputs, and rate of technological progress. Speed of convergence has been faster during the period 1992-2006, when Indian economy embarked upon detailed structural reforms. Incomes of the special category states have experienced convergence at a higher rate.

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Working Papers | 2011

Diversified Local Search for the Traveling Salesman Problem

Diptesh Ghosh and Sumanta Basu

In this paper we propose a local search based improvement heuristic called diversified local search for the traveling salesman problem. We show through computational experiements that this algorithm outperforms tabu search with similar neighborhood structures on large sized traveling salesman problem instances.

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Working Papers | 2011

A Diversification Operator for Genetic Algorithms

Diptesh Ghosh

Conventional genetic algorithms suffer from a dependence on the initial generation used by the algorithm. In case the generation cosnsists of solutions which are not close enough to a global optimum but some of which are close to a relatively good local optimum, the algorithm is often guided a converge to the local optimum. In this paper, we provide a method which allows a genetic algorithm to search the solution space more effectively, and increases its chance to attain a global optimum. We provide computational experience with real-valued genetic algorithms on functions of two variables.

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Working Papers | 2011

Performance Implications of Diversification in
Professional Service Firms: The Role of Synergies

D. Karthik and Rajesh Upadhyayula

There is growing interest in the Professional service firms because they are seen as archetype of the knowledge-based economy. In this study we look at under researched area of exploitation of synergies in professional service firms and its implications for performance. Overcoming the uni-dimensional nature of extant studies, we examine the performance implications of diversification along the twin dimensions of services they offer and the knowledge of the industry domain of their clients. We hypothesize that moderate levels of coherence in these dimensions lead to improved performance while excess coherence in these domains lead to diminished performance. These predictions are tested and supported by data from the Indian IT industry which is synonymous with emergence of knowledge economy in India. Our study thus contributes to the theory of diversification of professional service firms.

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Working Papers | 2010

An Empirical Study on Gur (Jaggery) Industry
(with special reference to operational efficiency & profitability measurement)

Dwivedi Amit Kumar

Gur (Jaggery) is a natural, traditional product of sugarcane. It can define as a honey brown coloured raw lump of sugar. Kushinagar district of Uttar-Pradesh has large number of Gur manufacturing units, mostly located in the rural areas and the manufacturers are following conventional methods for producing this. In the district the major clusters which are having more numbers of manufacturing units are Sukraouli, Kasia, Hata and Padarauna. Around half of the rural population is employed in gur making industry in this region. Although, there is no R & D assistance and marketing institutions for support. It is found that the manufacturers are producing majorly for distilleries and local licker producers, not for the food-plate or common mans consumption.
The paper examines the cost-return analysis, profitability and operational efficiency of Gur manufacturing units in study area. The study revealed that units of medium and large sizes were able to cover their operating expenses with significant level of profit but small size units were earning a marginal profit. The profit earned by this category was very low as compared to other two sizes. The manufacturers are not interested in any new product of Gur, they just want to earn more profit through Gur only. This research will urged the policymakers to streamline strategies that promote stabilization of sugarcane economy and make the nation credible supplier of Gur in the International market, benefiting Gur makers, sugarcane growers and related stakeholders.

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Working Papers | 2010

How have Government Policies Driven Rural Credit in India:
A Brief Empirical Analysis, 1969-2009

Debdatta Pal and Amey Sapre

This paper makes a modest attempt to identify structural breaks in outstanding credit of rural branches of Scheduled Commercial Banks in India during the period of 1969 to 2009. With the use of endogenous method, we find three possible structural shifts in growth, i.e. 1981, 1989 and 1999 and thus four different regimes of growth and performance. These structural changes are analyzed with respect to branch licensing policy and priority sector lending by the Schedule Commercial Banks. Empirical evidence and growth performance shows that such policies have been instrumental in changing the off-take of rural credit in a significant way. The study also finds corroborative evidence of break dates and growth performance in evaluating the outcomes of the prevailing banking policies.

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Working Papers | 2010

Does Land Reform Matter? An Empirical Analysis of Indian States

Debdatta Pal and Varsha Khandker

This article looks into the role of land reform in comparison to concentric effort to augment agricultural GDP. Redistributive land reform policy aims to improve land endowments of poor, though varies among states in respect to political will and implementation. Panel data of fifteen main states from 1980 to 2003 is used to understand whether land reforms have any appreciable impact on reducing rural poverty. An examination of effect of land reform along with agricultural GDP on rural poverty suggests that decrease in land concentration has greater impact on reducing rural poverty. A policy with combination of equitable economic progress and redistributive efforts is advocated.

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Working Papers | 2010

A Conceptual Framework for Studying Institutions in
Watershed Development

Vasant P. Gandhi

Improving productivity and incomes in rainfed areas is a major challenge in India, and a key to achieving this is improving the use of land and water which are the principal constraints in these areas. A major initiative through which this is pursued in India is Watershed Development (WSD) programs which have been taken up under different schemes funded by the Government of India and the state governments. Since poverty is particularly acute in the rainfed areas, large expenditures to the tune of about US$ 500 million per year are being made on WSD programs. A hierarchy of complex institutional arrangements of the government and other bodies undertakes the planning and implementation of WSD to the district and village levels. Institutional weaknesses are a significant challenge and often lead to poor implementation and results. The paper develops a conceptual framework for the study of institutional setups in the implementation of watershed development programmes. It uses the theoretical fundamentals of new institutional economics, and concepts of organizational design and governance from management sciences. It related these to observations from six in-depth case studies of watershed development projects in state of Andhra Pradesh, India which has the largest number of such projects. The framework that emerges may be useful for examining the institutional setups and performance of watershed development activities in various areas, as well as the better design of the institutional setups for watershed and other development programmes in India and elsewhere.

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Working Papers | 2010

Structuring PPPs in Aviation Sector: Case of Delhi and Mumbai Airport Privatization

Ajay Pandey, G. Raghuram, and Sebastian Morris

The concession agreement for the modernization and operation of Indira Gandhi International airport in Delhi and Chhatrapati Shivaji International airport at Mumbai respectively is referred to as Operation Management and Development Agreement (OMDA). The OMDA was a part of a set of transaction documents along with the request for proposal provided to potential bidders. The OMDA laid out the contractual terms for structuring the PPP. This paper discusses the evolution of the draft OMDA from when it was first released in April 2005 to the bidders till it was released as a final OMDA in August 2005 before an extended bidding date. During this period, some of the critical issues addressed were: limits to commercial development of airport land, nature of tariff regulatory regime, contingent liabilities including performance bonds and termination payments, and potential contractual and strategic conflicts. It brings out the intra-governmental issues and processes, and the significant learning that formed part of these PPP concessions, which could well be among the largest in the world.

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