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3846 items in total found

Working Papers | 1996

International Trade and Long Term Economic Growth: A Few Issues on Growth Strategies for India

Patibandla Murali

For developing economies, technological change and micro level efficiency is as important as capital accumulation as a source of long term economic growth. International trade is an important source of incentives in generating both intentional and by-product technological change by increasing aggregate economic activity (market size) and competitive conditions. In the present context, selective policy intervention on the production side may provide cutting edge in realizing dynamic gains through trade.

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Working Papers | 1996

Consistency and an Axiomatic Characterization of the Market Equilibrium Solutions

Lahiri Somdeb

In this paper, we present a unified theory for solutions to games of fair division, which are ordinal in nature and appear as non-symmetric variants of the equal income market equilibrium solution. We characterize the entire family of such solutions using consistency, converse-consistency, local-independence, individual rationality and a weak efficiency condition. This is all done in a variable population framework. In the fixed population framework, we obtain an axiomatic characterization for the same family using monotonicity, individual rationality, local-independence, non-discrimination and another weak efficiency property.

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Working Papers | 1996

Robust Design but Indifferent Manner of Use: Family Bio-Gas Plants in Gujarat

Mathew Regi V and Girja Sharan

Potential for family size biogas plants is estimated to be about 12 lakh in Gujarat. Nearly 2 lakh units have been actually installed by 1993. Deenbandhu model appears to be the most popular. In this paper we present an estimate of the reliability of denbandhu plants. We also present an analysis of the manner of use. Deenbandhu model is found to be quite robust. But the manner in which most people use the plant, it is unlikely to give them the full benefit. This needs rectification.

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Working Papers | 1996

Corporate Restructuring for Shareholder Value

Venkiteswaran N

This paper takes an overview of two prime concerns of corporate management in the recent times, viz., shareholder value management and corporate restructuring. The paper begins with a brief discussion on the emergence of shareholder value management as the main raison d'etre of corporate managements in the market economies, a concern that is yet to agitate Indian board rooms and investors. The paper then goes on to discuss the phenomenon of corporate restructuring that is sweeping the industrial world and examines some of the principal methods of corporate restructuring and their underlying motives. It concludes with a brief discussion on the rising trend of restructuring activities undertaken by the Indian corporate sector. The paper seeks to confine itself to the broader issues such as the motives and methods of corporate restructuring rather than legal or tax minutiae around which are structured specific transactions.

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Working Papers | 1996

Thorny Glory: Towards Organizational Greatness

Khandwalla P N

It is argued that organizational is worth probing because it may play a significant role in human evolution. Organizational greatness is postulated to require both performance excellence vis-à-vis organization centered, conventional indicators and exalted conduct or contribution of a moral, spiritual, ethical, idealistic, or socially beneficial nature. Five alternative approaches to the design of performance excellence are discussed, namely, environmental determination, organizational attributes, strategic choice, synergy between organization elements, and synergy between contextual variables and organizational variables. A model of performance excellence in a competitive domain is presented, which argues that in such a domain inescapable adaptive responses by the organization to a powerful contingency or a strategic choice do not augment relative performance, unless they are supplemented by uncommon but appropriate discretionary responses. Nine alternative paths of exaltation are discussed, namely, stakeholder orientation, corporate social responsibility, strategic domain development orientation, institution building, organizational ethics, spirituality. Several examples are given of organizations that have excelled both on conventional indicators as well as in terms of exalted conduct or contribution. It is argued that in a competitive context exalted conduct or contribution can be pursued by the organization at three alternative levels. At the lowest level it amounts to compliance with legal requirements or strongly held social expectations about moral, altruistic, or socially responsive conducts. At a modest level it can be pursued to cash any synergy exalted conduct or contribution may have with the pursuit of conventional performance excellence. At still higher level sacrifices may well by required in terms of indicators of conventional performance excellence. The pursuit of the sublime along with the mundane increases the organization's operating complexity and requires more differentiated strategies, structures, know-hows, and rules. For excellence on both mundane as well as sublime indicators, the organization needs to deploy uncommon and complex forms of integration, and needs to pursue creatively strategies and styles that produce additional slack to cushion initial failures. It is argued that certain kinds of contexts reinforce exalted conduct and contribution, such as times of societal regeneration, of disillusionment with capitalism, and social and political ferment. Increased professionalization of the work force may also reinforce such conduct and contribution. The perspective of organizational greatness offers major challenges to both managers and organizational researchers.

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Working Papers | 1996

Organizational Practices and Employees Performance: A Case of Canadian Textile Industry

Patibandla Murali and Pankaj Chandra

This study undertakes empirical explanation of inter-firm variations in employee's productivity by a set of organizational factors on the basis of firm level survey data drawn from the Canadian textile industry. Organizational practices of high degree of monitoring and profit sharing are alternatives. The effectiveness of these alternative practices in eliciting high employee performance depends on the size of organizations and also adoption of complimentary practices. The results show profit sharing practices appear to be more effective in small firms than large firms.

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Working Papers | 1996

Population Monotonicity and the Constrained Equal Awards Solution for Rationing Problems

Lahiri Somdeb

In this paper, we axiomatically characterize the Constrained Equal Awards Solution for Rationing Problems, using the axioms of No-Envy, Population Monotonicity, Resource Continuity and replication invariance.

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Working Papers | 1996

Technology Strategies of Large Enterprises in Indian Industry: Some Explorations

Rakesh Basant

A firm's technology strategy is influenced by the 'technology regime' in which it operates. The regime is broadly defined by a combination of variables capturing industrial structure, nature of technical knowledge and the policy environment. Together, these variables determine the opportunity and appropriability conditions faced by a frim in a well defined industry. Given these broad relationships, a heuristic framework is developed to analyze firms' technology strategies across industry groups. Four firm level strategies are identified: (i) undertake R&D; (ii) purchase disembodied foreign technology; (iii) combine (i) and (ii); and (iv) remain technologically inactive, i.e., do neither (i) or (ii). The framework is translated into a multinomial logit model to empirically explore the determinants of technology choices made by Indian firms in two different industries: non-electrical machinery and chemicals. The impact of the following determinants is explored: firm size, capital and material imports, foreign equity participation, and foreign/domestic technology spillovers.

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Working Papers | 1996

Impact of Beneficiary Participation in Rural Water Supply and Sanitation Projects: Evidence from a Comparative Study in India

S. Manikutty

This is comparative study of two rural water supply and sanitation projects in Kerala, similar in practically all aspects except that one project incorporated community participation in it and the other did not. The study compares the outcomes in the two projects and finds that there is unmistakable evidence that community participation has a favourable impact on the outcomes. The following are the ways through which this linkage gets established: (i) better aggregation of preferences; (ii) better design through use of local knowledge; (iii) pressure by community on bureaucracies to perform; and (iv) better sustainability through feeling of ownership. Community participation is effective under certain institutional conditions which are discussed in the paper.

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Working Papers | 1996

Macroeconomic Analysis of Union Budget 1996-97

Dholakia Bakul H

The Union Budget for 1996-97 was the maiden budget of the recently formed United Front Government. Given the political context and the economic scenario, the formulation of this budget was a fairly difficult task. An attempt has been made in this paper to present a broad macroeconomic analysis of the main proposals and provisions of the Union Budget 1996-97 in the context of the stated objectives of the budget and examine the likely impact of the budget proposals on Indian economy. An attempt has also been made to present the post budget macroeconomic scenario for Indian economy for the year 1996-97.

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