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Working Papers | 1997

Trends of Outpatient Visits and Inpatient Admissions in Public Hospitals of Ahmedabad, India over last 24 years

Saha Chandrahi and Dileep Mavalankar

This paper tries to show the trend of registration of patients (indoor & outdoor) in various medical institutes of Ahmedabad which are run by the Ahmedabad Municipal Corporation (AMC) in last 24 years (1971-94). The Civil Hospital which is run by State Government was also studies for the same time period for comparison. The trend analysis of the registered patients is based on the secondary data available from AMC. The study shows that in last 24 years there is substantial decline in outdoor patients in most of the hospitals under AMC inspite of 3.6% annual increase in city population. Only Civil hospital shows a rising trend. Overall number of indoor admissions have increased somewhat in AMC hospitals. But it was mostly in tertiary hospitals, while in smaller hospitals & maternity homes number of indoor admissions have declined. On the other hand there is a marked rise in number of private nursing homes over this period. The paper also tried to explore the likely reason for such trend in patient registration. It also discusses the policy implications for providing quality health service to the citizens.

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Working Papers | 1997

Changing Perspective on Rural Credit between Mid-80s and Mid-90s - Experiences of two West Bengal Villages

Samar K. Datta and Chakraborti Milindo

Credit is a 'pure service' transaction between two points of time rather than a spot market transaction in 'pure goods'. Because of the time gap involved between sanction and realization of credit, the players in the market confront several kinds of risks, many of which are not independent of the socio-economic environment. Against the backdrop of the institutional changes in the form of establishment and strengthening of the Panchayats in rural West Bengal over the last two decades, the present study is an attempt to capture the attendant changes in rural credit market between mid-1980s and mid-1990s from the experiences of two villages in the district of Birbhum. In doing so, it compared the profile and mode of operation of prevailing moneylenders and lending institutions with those documented in an earlier study carried and in the same two villages and made an endeavour to find out as to whether the changes in the functioning of both formal and rural credit have led to greater accessibility to credit of the rural masses, a larger base for agricultural production through productive use of assets and ensuring better prices for farmers. The experiences of several successful multipurpose primary credit societies in India, the Indian Grameen Services, Hyderabad, the Bangladesh Grameen Bank and the Chinese Township and Village Enterprises are cited to provide some future guidance in improving the rural credit scenario in West Bengal.

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Working Papers | 1997

Process of Developing Venture Capital Activity--: A Study of Three Indian VCFs

Pandey I M and Fliegal F C

This study investigates the venture capital activity development process in India. The discussion covers the issues of the initiation of venture capital fund, investment strategy and evaluation criteria and the value addition by venture capital firms (VCFs). The history of modern venture capital in India is not very old, which was formally introduced in 1986-87. In the initial years, VCFs in India encountered a number of problems in developing their business. From in-depth case studies of three VCFs of India, it is found that all of them went through the initial constraints of not knowing the venture capital business well and learnt through trial and error and failures and mistakes. They faced problems in raising funds and evaluating prospective ventures. All of them initially focused their investment on the high technology business. But gradually they shifted their focus towards potentially high-growth, high profitable businesses and not just high-tech businesses. It is also noticed that VCFs maintained a closer link with the assisted firms in order to ensure the success of the venture capital.

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Working Papers | 1997

Generalized Shapely Value for Games with a Coalition Structure

Lahiri Somdeb

In cooperative games with transferable utility, there is usually no restriction on the possible coalitions that can materialize. A significant departure from this tradition, occurs in Moulin [1995], where the concept of admissible coalitions arise. In this paper we consider cooperative games with admissible coalitions, requiring that both the grand coalition, as well as, the null coalition are always admissible. We call such games, 'games with a coalition structure'. We define the concept of a core for such games and introduce a generalization of the notion of Shapley value. We define this generalized Shapley value to be the unique value satisfying the Dummy Player Property, Anonymity and Linearity. All these properties have been adapted from the standard context to our framework in such a way, that the existence of a unique value satisfying these properties is guaranteed. We subsequently consider specific coalition structures and obtain closed form solutions for the generalized Shapley value in each case.

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Working Papers | 1997

An Analytical Study of Performance and Regional Variations in Indian Agriculture in the Post-Green Revolution Period

Vijay Paul Sharma

The paper presents the results of an analysis of all-India and state level data on area, production and yield of major crops in the post-green revolution period. It reveals that there was a marked acceleration in the overall growth of agricultural production in India during the eighties as compared with the seventies. Improvement in foodgrains production was mainly because of improvement in crop yield, whereas, in case on non-foodgrains both area and yield increases were witnessed. Furthermore, agricultural growth has become regionally much more diversified. During the early phase of Green Revolution, the impact of new technology in transforming traditional agriculture was by and large confined to the north-western part of the country. The period of eighties marked a major departure from the earlier trend. The growth of agricultural production not only accelerated during this period but also spread to eastern region which had hitherto been left out. The period of eighties was also characterised by important cropping pattern shifts away from low value coarse cereals towards oilseeds and other commercial crops. However, during nineties there was a deceleration in overall growth performance of agriculture as compared with the eighties. This raises the question, whether India would be able to achieve 4.5 per cent growth rate in agriculture during the Ninth Five Year Plan, as proposed in the Approach Paper to the Plan. The study also brings out that levels and growth of land productivity and of output at all-India and state levels, are positively associated with the use of modern inputs like fertilisers, are under irrigation and HYV seeds. The results of the study clearly indicate programmes and policies to promote agricultural growth should primarily focus on problems and prospects of the eastern region of the country. Further the growth performance of agriculture in the nineties indicates that the target of 4.5 per cent growth rate proposed for agriculture seems difficult to achieve unless policies and programmes for broadening the base of agricultural growth are strengthened. In this context, role of physical and infrastructure facilities such as rural roads, irrigation and other inputs, better extension services, input delivery system, marketing facilities, watershed management for the development of agriculture and rural sector needs to be strengthened.

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Working Papers | 1997

Feasibility of Integrating Solar Desalination

Girja Sharan

In this paper, we examine via simulation, feasibility of using solar stills as partial source of water to irrigate crops inside polyhouses. Need to consider such a possibility arose in the course of our work in Kutch, a region lacking severely in agriculture quality water, besides being hot and extremely arid. Stills can not, of course, cope with demand from crops in open field. But, analysis suggests, if water requirement is reduced by putting the crop inside polyhouse, distillate blended with local groundwater to increase volume, and blend applied through low-loss microwatering systems, required size of stills reduces sufficiently to warrant trial. Simulations were carried out for tomato and beet under climatic conditions of Bhuj (Kutch).

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Working Papers | 1997

Trends in Sales Promotion Literature

Kureshi Sonal and Vyas Preeta

The objective of this study is to gain an insight into the trends of sales promotion literature published over 25 years. Data from 9 well-known foreign journals has been analyzed to provide a classification of framework, compute the trends and identity the gaps in sales promotion literature. A total of 171 articles is classified and is used for further categorization. The study reveals that a significantly larger number of articles are in the area of planning and evaluation of sales promotion schemes mainly targeted at consumers. Also consumer non-durable category is extensively researched. Most of the articles in the literature predominantly are using survey method of research design. The analysis reveals several lacunaes in the literature. As the available literature does not address all the issues pertaining to various aspects of sales promotion, it is hoped that this study would trigger much felt need for research in this area.

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Working Papers | 1997

Share Equivalent and Equitarian Allocations for Problems of Fair Division

Lahiri Somdeb

In this paper we begin with a given social endowment. A profile of shares (which could very well all be equal), is part of the environment. This is the planner's contribution to the economic environment, as conceived in this paper. First we formulate the concept of an envy free allocation as was done by Schmeidler and Vind [1972]. Then we propose the concept of a share equivalent allocation which is a generalization of the concept of an egalitarian equivalent allocation due to Pazner and Schmeidler [1978]. An allocation is share equivalent if every agent is indifferent between his allocation and what would result if an identical change in entitlement were affected for all the agents. (An agent's entitlement is his share of the social endowment in physical units). If the identical change is a multiple of the social endowment vector, we say that the allocation is naturally share equivalent. We prove the existence of a naturally share equivalent allocation which is also Pareto efficient and prove that such allocations correspond to maximization of the minimum utility over all feasible allocations. For two agent economies we show that naturally share equivalent allocations are envy free and all envy free allocations are share equivalent. In a final section to this paper we introduce the concept of an equitarian allocation (Yound 1993). This is a feasible allocation such that each agent is indifferent between what he/she received and a multiple of his entitlement, where the multiple is common to all the agents. The proof that a Pareto efficient equitarian allocation exists is similar to the proof which established the existence of a Pareto efficient and naturally share equivalent allocation. Hence we omit it. Subsequently, we observe that such allocations are the only ones which maximize the minimum utility over all feasible allocations, where the utility representations are once again suitable constructed. Thus, we manage to generalize an existing notion of economic equity, by incorporating possible asymmetries that may need to arise for the sake of obtaining (final) distributive justice. As observed by Moulin (1995), problems of fair division arise perpetually in managerial contexts. With these results, perhaps a new insight would be gained in resolving such problems.

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Working Papers | 1997

International Transfer of Technology to India : Problems, Prospects and Policy Issues

Chaudhari Shekhar

Transborder movement of technology is being increasingly felt in international business. A large proportion of worldwide international transfer of technology (ITT) occurs between industrially advanced countries. But for developing countries ITT is considered critical as it is seen to be an important route for acquiring technological capabilities necessary for industrial development and economic growth. India has had a fairly long history of acquiring technology from abroad. Since the adoption of the New Economic Policy in mid 1991 the government has placed considerable emphasis on ITT with the expectation that it would enhance the international competitiveness of the country's industries through technological upgradation of the country's industries. The policies of the government have undergone changes over the past four decades in response to the overall philosophy of development as well as industry's needs and conditions characterizing the supply of technology. This paper analyses the trends in international technology transfer to the country, discusses the government's policies on technology import in an evolutionary framework and evaluates the technological capabilities of Indian industries. It also presents a picture of the prospects of ITT to India and discusses the major problems and policy issues that need to be addressed by policy makers.

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Working Papers | 1997

Ethics, Values and Corporate Governance

Venkiteswaran N

In the context of the ongoing debate on corporate governance in India, this paper discusses the importance of ethics and values in corporate governance and underscores their importance in fulfilling the raison detre of the business enterprise, viz. delivering shareholder value. The paper examines the principal dimensions of corporate ethical conduct, particularly actions involving the less obvious conflict of interest problems, reasons for corporate deviance and concludes with a few suggestions to improve corporate ethical standards.

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