An empirical study on the social sector development of Tamil Nadu.

Dr.Debesh Bhowmik(2019):An Empirical Study on the social sector development of Tamil Nadu

ECONOMIC CHALLENGER,NO-21,ISSUE-84,JULY-SEPTEMBER,2019,Page-3-18

www.economicchallenger.net

CHARACTERISTICS OF MACRO-ECONOMICS AND INDIA'S EXCHANGE RATE REGIMES SINCE INDEPENDENCE

by

DEBESH BHOWMIK

BUSINESS STUDIES ,VOLUME-XXII,NO-1&2,JANUARY & JULY,1999,1-17

Link

www.debeshbhowmik.weebly.com

(home-more-download)

DECOUPLING CO2 EMISSIONS IN NORDIC COUNTRIES:PANEL DATA ANALYSIS

SUMY STATE UNIVERSITY ,UKRAINE

JOURNAL-SOCIO-ECONOMIC CHALLENGES,VOL-3,ISSUE-2,2019,Page-15-30

ARTICLE

DECOUPLING CO2 EMISSIONS IN NORDIC COUNTRIES:PANEL DATA ANALYSIS

AUTHOR

Dr.DEBESH BHOWMIK

LINK-http://armgpublishing.sumdu.edu.ua/journals/sec/current-issue-of-sec

http://doi.org/10.21272/sec.3(2).15-30.2019

Impact of Indo-ASEAN Import on ASEAN Trade and Financial Integration

FDI and unemployment in ASEAN

RECENT TRENDS IN MANAGEMENT

Editors-Wendrila Biswas and Dr.Debarun Chakraborty

Associate Editor-Soumya Kanti Dhara

ABHIJEET PUBLICATION,NEWDELHI-110002,www.abhijeetpublications.com

Price-1430/- , page-283+

The book contains 24 articles explaining human resource issues and practices,digital marketing,stock market,foreign direct investment,financial performance of companies,gender studies,and so on.

My article:

Dr.Debesh Bhowmik-The Nexus  between foreign direct investment inflows and unemployment rate in ASEAN:Panel data analysis.pp 62-76

Abstract

The Nexus between Foreign Direct Investment Inflows and Unemployment Rate in ASEAN:Panel Data Analysis

Dr.DebeshBhowmik (Former Principal and Associated with Lincoln University College,Malaysia)

Abstract

In this paper,the author attempted to show the econometric relationship between the unemployment rate and foreign direct investment inflows of the ASEAN-10 during 1991-2017 through panel regression model,panelcointegration test and panel vector error correction model. The paper concludes that one per cent increase in foreign direct investment per year led to 0.0442 per cent decrease in unemployment rate per year significantly.The foreign direct investment inflows and unemployment rate is cointegrated. There is long run causality between unemployment rate and foreign direct investment inflows in ASEAN-10 during 1991-2017.But there is no short run and long run causality from FDI inflows to unemployment rate.

Key Words- Foreign direct investment inflows,unemploymentrate,panelcointegration,panel vector error correction,short run causality,long run causality

JEL Classification Codes-C22,E24,F21

Conclusion

The paper concludes that one per cent increase in foreign direct investment per year led to 0.0442 per cent decrease in unemployment rate per year significantly in ASEAN during 1991-2017.The foreign direct investment inflows and unemployment rate is cointegrated.There is long run causality between unemployment rate and foreign direct investment inflows in ASEAN-10 during 1991-2017.But there is no short run and long run causality from FDI inflows to unemployment rate in ASEAN-10.Although the vector error correction model is stable and nonstationary.

BANKING CRISES WITH SPECIAL REFERENCE TO INDIA

 ARTICLE 3-BANKING CRISES WITH SPECIAL REFERENCE TO INDIA

BY  Dr.Debesh Bhowmik ,PAGE 35-60 

EMERGING ISSUES IN INDIAN BANKING :PERFORMANCE,CHALLENGES AND REFORM

--EDITED BY Dr.ASIM K.KARMAKAR,Dr.MOU ROY,Dr.SAMARJIT DAS

Shandilya Publications,NewDelhi,www.shandilyapublications.com,price 1150/


The book contains 10 important articles on performance of Indian banks,banking reforms,banking crises,systematic risk management,financial sector development,profit frontier public sector banks,credit concentration,micro credit,and architecture of IFRS in banking sector.The paper writers are scholars of India.

I have a paper on  Banking crises with special reference to India which analysed the historical evidences of banking crises since 18^th century in the world as well as in the Indian economy. The causes and impact of the crises were given sufficiently and the wave of crises was shown by capital inflows and number of countries. World wide loss for banking crises was exemplified. Author examined panel regression,cointegration and vector error correction between NPA/advance and GDP of India during 1996-97-2015-16 in six categories of Indian banks and found negative relation .They are cointegrated and VECM is stable and nonstationary with significant error correction process. Government of India and Reserve Bank of India had already implemented some effective policies to curb NPA and recovery of bad loans and also shut down 10 public sector loss making banks in India with closer of chit funds which were proved as fraud.

Key Words-banking crises,panic,wave,capital inflows,non-performing assets,Gross Domestic Product,gross advances,panel regression,panel cointegration,panel vector error correction.

JEL classification-C22,C23,C52,C53,E44,E51,G21,G24

FACTORS OF HUMAN DEVELOPMENT INDEX IN ASEAN:PANEL COINTEGRATION ANALYSIS

Journal of Lincoln University College ,Malaysia 

                                                          International Journal on Recent Trends in Business and Tourism (IJRTBT) ISSN 2550-1526 (Online) Email: info@ijrtbt.org 

Copyright © 2017-18 - All Rights Reserved - ijrtbt.org

            Volume 3 Issue 1 2019, Page

6.FACTORS OF HUMAN DEVELOPMENT INDEX IN ASEAN: PANEL COINTEGRATION ANALYSIS 
page - 
Debesh Bhowmik 
HTML | PDF

FACTORS OF HUMAN DEVELOPMENT INDEX IN ASEAN: PANEL COINTEGRATION ANALYSIS

Debesh Bhowmik

Indian Economic Association (IEA) & The Indian Econometric Society (TIES), India

Corresponding Author's Email: debeshbhowmik269@gmail.com

ABSTRACT

In this paper, the author tried to relate HDI (Human Development Index) with GDP (Gross Domestic Product), education expenditure, health expenditure and unemployment rate in ASEAN-9 during 1990-2016 with fixed effect on panel regression, Fisher-Johansen cointegration and panel VECM (Vector Error Correction Model) respectively. The author found that one percent increase in GDP, education expenditure, and unemployment rate per year led to 0.105% increase, 0.028% increase and 0.027% decrease in HDI per year significantly and one percent increase in health expenditure led to 0.0124% increase in HDI insignificantly in ASEAN (Association of Southeast Asian Nations) during 1990-2016. Panel cointegration suggested that there are three cointegrating equations in which two are moving towards equilibrium. In panel VECM, it was found that-

2016. There is significant long run association among health expenditure percentage of GDP and unemployment rate on the Human Development Index (HDI) of the ASEAN during 1990-2016.
2017. There is significant long run association among health expenditure percentage of GDP and unemployment rate on the educational expenditure % of GDP of the ASEAN during 1990-2016.

• There is also a significant short run association among education expenditure on GDP, from HDI on education expenditure and from GDP on unemployment rate of ASEAN during 1990-2016.

Keywords: Human Development Index, Gross Domestic Product, Fixed Effect Regression, Panel Cointegration, Panel Vector Error Correction

INTRODUCTION

ASEAN is one of the leading regional trading blocs in Asia as well as in the world, but majority of its members are facing low GDP per capita and HDI value. Poverty and unemployment problems of ASEAN are randomly hampering the development process where both physical and human capital is suffering. Human capital as a function of growth through improvement in education and skill development and with high productivity should be a great concern in the ASEAN region. Human competitiveness index of ASEAN region is not satisfactory in the world economy. Even in the era of globalization and liberalization the human development factor is not given prior importance. The indicators of human development were not properly nourished. Therefore, the transformation of the economy through human development was underutilized. ASEAN as a single market for the goods, services, investment, skilled labor, free capital flows in accelerating economic integration process, intra and inter-competitiveness of human skill and productivity through human development. It is necessary because Lucas (1988) in his endogenous growth theory emphasized investment in human capital more directly and linked it to long term rates of economic growth. Sen (1999) argued that standard of living of a society should be judged not by the average level of income but by people’s capabilities to lead the life they value. On the one hand, economic growth provides the resources to permit sustained improvement in human development. On the other hand, sustained improvement in the quality of human capital is an important contribution to economic growth.

CONCLUSION

The paper concludes that fixed effect panel regression showed one percent increase in GDP, education expenditure, and unemployment rate per year led to 0.105% increase, 0.028% increase and 0.027% decrease in HDI per year significantly and one percent increase in health expenditure led to 0.0124% increase in HDI insignificantly in ASEAN during 1990-2016. Panel cointegration suggested that there are three cointegrating equations in which two are moving towards equilibrium. In panel VECM, it was found that [i] There is significant long run association among health expenditure percentage of GDP and unemployment rate on the human development index of the ASEAN during 1990-2016. [ii] There is significant long run association among health expenditure percentage of GDP and unemployment rate on the education expenditure percentage of GDP of the ASEAN during 1990-2016. [iii] There is significant short run association among education expenditure on GDP, from HDI on education expenditure and from GDP on unemployment rate of ASEAN during 1990-2016.