India Studies in Business and Economics

Transcription

1 Studies in Business and Economics

2 The n economy is considered to be one of the fastest growing economies of the world with amongst the most important G-20 economies. Ever since the n economy made its presence felt on the global platform, the research community is now even more interested in studying and analyzing what has to offer. This series aims to bring forth the latest studies and research about from the areas of economics, business, and management science. The titles featured in this series will present rigorous empirical research, often accompanied by policy recommendations, evoke and evaluate various aspects of the economy and the business and management landscape in, with a special focus on s relationship with the world in terms of business and trade. More information about this series at

3 Swapnendu Banerjee Vivekananda Mukherjee Sushil Kumar Haldar Editors Understanding Development An n Perspective on Legal and Economic Policy 1 3

4 Editors Swapnendu Banerjee Department of Economics Jadavpur University Kolkata Sushil Kumar Haldar Department of Economics Jadavpur University Kolkata Vivekananda Mukherjee Department of Economics Jadavpur University Kolkata ISSN ISSN (electronic) Studies in Business and Economics ISBN ISBN (ebook) DOI / Library of Congress Control Number: Springer New Delhi Heidelberg New York Dordrecht London Springer 2016 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. Printed on acid-free paper Springer () Pvt. Ltd. is part of Springer Science+Business Media (

5 Foreword The present volume is a collection of articles on various facets of economic development, written by a select group of researchers who have specialised in respective fields. The planning of this volume was mooted in a meeting of advisory committee of the Centre for Advanced Studies (CAS) of the Department of Economics, Jadavpur University. Since CAS has sponsored a variety of workshops and seminars and hosted visiting fellows, the external experts of the CAS, Professor Dilip Nachane (former director, Indira Gandhi Institute of Development Research) and Professor Ramprasad Sengupta (formerly of Jawaharlal Nehru University) suggested that we collate important papers in two volumes to be contributed by the visitors as well as Jadavpur s own faculty. The reason for planning two volumes is to accommodate the five thrust areas we have in the CAS, namely, International Trade, Finance, Resource and Environment, West Bengal Economy and Public Policy related to Social Sector. The idea is to produce a monograph which will help the readers with some survey papers along with some state-of-the-art research in relevant fields. The present volume Understanding Development: An n Perspective on Legal and Economic Policy edited by my three young but very energetic colleagues, Swapnendu Banerjee, Vivekananda Mukherjee and Sushil Halder, has a fine balance of topics covered under the last three thrust areas mentioned above. In addition, the chapters will satisfy the needs of various strata of readers for example the survey on sharecropping would greatly help the graduate level students and researchers, while the chapters in the section of social sector will be of immense help for the policy planners as well as researchers. Similarly, the section on law and economics would acquaint the business practitioners along with government policymakers with some recent developments in this field. I must thank the efforts of the editors who spared their valuable time to make the volume useful and interesting. I have faith that the purpose of publishing this volume will be totally fulfilled and we will have increasing returns to knowledge after reading the volume. Professor and Coordinator Centre for Advanced Studies, Department of Economics Jadavpur University, Kolkata Ajitava Raychaudhuri v

6 Contents 1 Editors Note... 1 Swapnendu Banerjee, Vivekananda Mukherjee and Sushil Kumar Haldar Part I Law and Contracts 2 Does an Employment Protection Law Matter? A Panel Data Analysis of Selected OECD Countries, Prabirjit Sarkar 3 Network of Legal Citations: An Analysis of Some Supreme Court Decisions on Land Acquisition in Rahul Chakraborty, Simonti Chakraborty and Rajendra P. Kundu 4 Surrogacy Contracting and Intermediation Amrita Pramanick and Swapnendu Banerjee 5 Sharecropping in Theory and Practice:A Selective Review Debapriya Sen Part II Trade and Foreign Aid 6 Trade in Intermediate Goods, Endogenous Growth and Intellectual Property Rights Bidisha Chakraborty 7 Multi-Market Firms and Export Quota: Effects of Withdrawal of the Multi-Fiber Arrangement Saibal Kar and Mausumi Kar 8 Does Foreign Aid Corrupt? A Theoretical Note Sugata Marjit and Vivekananda Mukherjee vii

7 viii Contents Part III Issues in Public Economics 9 Public Private Partnerships and Governance Indrani Roy Chowdhury and Prabal Roy Chowdhury 10 Principles of Allocating Development Grant at the Sub-National Level in : A Suggested Methodology Sushil Kumar Haldar and Ajitava Raychaudhuri 11 Fiscal Rule and Social Sector Spending: A Study of North-East Vikas Dixit Part IV Social Sector and Poverty Alleviation 12 An Analysis on the Impact of Employment Generation Policies on Rural Women in West Bengal, Tanmoyee Banerjee (Chaterjee) 13 Poverty in West Bengal: A Review of Recent Performance and Programmes Siddhartha Mitra 14 The Impact of MGNREGS on Rural Households: Evidence from a Quasi-experiment Amit Kundu and Sanjib Talukdar 15 Does Parental Education Have Any Role to Play on Female Child Disadvantage? Soma Mandal and Arpita Ghose 16 School Attendance and Employment of Youth in : Convergence Across Caste and Religious Groups? Tushar K. Nandi 17 Adverse Effect of Biomass Fuel Use on Pregnancy Outcome in Rural Poulomi Roy, Jayanti Ghosh and Rahuldeb Sarkar

8 Contributors Swapnendu Banerjee Department of Economics, Jadavpur University, Kolkata, Tanmoyee Banerjee (Chaterjee) Department of Economics, Jadavpur University, Kolkata, Bidisha Chakraborty Department of Economics, Jadavpur University, Kolkata, Rahul Chakraborty Centre for Economic Studies and Planning, Jawaharlal Nehru University, New Delhi, Simonti Chakraborty Centre for Economic Studies and Planning, Jawaharlal Nehru University, New Delhi, Indrani Roy Chowdhury Department of Economics, Jamia Millia Islamia, New Delhi, Prabal Roy Chowdhury Economic and Planning Unit, n Statistical Institute, Delhi Centre, New Delhi, Vikas Dixit Department of Economics, Jadavpur University, Kolkata, Arpita Ghose Department of Economics, Jadavpur University, Kolkata, Jayanti Ghosh Sushmita Foundation, Kolkata, Sushil Kumar Haldar Department of Economics, Jadavpur University, Kolkata, Mausumi Kar Women s Christian College, Kolkata, Saibal Kar Centre for Studies in Social Sciences, Kolkata, Amit Kundu Department of Economics, Jadavpur University, Kolkata, ix

9 x Contributors Rajendra P. Kundu Centre for Economic Studies and Planning, Jawaharlal Nehru University, New Delhi, Soma Mandal Department of Economics, Jadavpur University, Kolkata, Sugata Marjit Centre for Studies in Social Sciences, Kolkata, Siddhartha Mitra Department of Economics, Jadavpur University, Kolkata, Vivekananda Mukherjee Department of Economics, Jadavpur University, Kolkata, Tushar K. Nandi CTRPFP, Centre for Studies in Social Sciences (CSSS), Kolkata, Amrita Pramanick Department of Economics, Jadavpur University, Kolkata, Ajitava Raychaudhuri Department of Economics, Jadavpur University, Kolkata, Poulomi Roy Department of Economics, Jadavpur University, Kolkata, Prabirjit Sarkar Economics Department, Jadavpur University, Kolkata, Rahuldeb Sarkar Sushmita Foundation, Kolkata, Medway Maritime Hospital, Gillingham, Kent, UK Debapriya Sen Department of Economics, Ryerson University, Toronto, Canada Sanjib Talukdar Sree Chaitanya Mahavidyalaya, Habra,