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Credit market imperfection, lack of entrepreneurs and capital outflow from a developing economy

Marjit, Sugata; Mishra, Suryaprakash - 2020

This paper explores the impact of credit market on the entrepreneurs and demand for credit in a credit constrained economy and the resultant impact on the capital flows. In standard trade models the capital flows across countries are explained as a result of the rate of return differentials due...

Persistent link: https://www.econbiz.de/10012263312

Quadratic costs, innovation and welfare : the role of technology

Marjit, Sugata; Mishra, Suryaprakash - 2020

In a Cournot oligopoly set up with constant marginal cost and linear demand, innovation is rewarding. In this paper we … work with a Cournot oligopoly framework with increasing marginal cost and linear demand and show that innovation may not be … interaction we attempt to capture and explain is the one of technology with the possibility of innovation via the intensity of …

Persistent link: https://www.econbiz.de/10012263851

The dynamics of finance-growth-inequality nexus : theory and evidence for India

Pranab Kumar Das; Ganguli, Bhaswati; Marjit, Sugata; … - 2018

The purpose of this research study has been to expand our understanding of the finance-growth "nexus" to finance-growth-inequality "nexus" in the presence of both the formal and the informal sources of borrowing. Using empirical evidence of IHDS Survey data for two rounds the study attempts to...

Persistent link: https://www.econbiz.de/10011952114

Harassment, corruption and economic policy

Marjit, Sugata; Mukherjee, Vivekananda; Mukherjee, Arijit - 1999

This paper introduces harassment in a model of bribery and corruption. We characterize the harassment equilibrium and show that taxpayers with all possible levels of income participate in such an equilibrium. Harassment has a regressive bias. Harassment cost as such may not affect tax revenue....

Persistent link: https://www.econbiz.de/10009781684

Growth gains from trade

Marjit, Sugata; Basu, Anwesha; Veeramani, C. - 2019 - This Draft: October, 2019

This paper revisits the relationship between international trade and economic growth. We measure trade openness indices separately with respect to intermediate inputs and final goods and find that it is the former which turns out to be significant in explaining growth gains from trade. Using...

Persistent link: https://www.econbiz.de/10012120367

Distribution-neutral welfare ranking-extending pareto principle

Marjit, Sugata; Sarkar, Sandip - 2017

The well known Pareto criterion used in the context of efficiency and welfare has to do with absolute changes whereas in every domain of economic behaviour inequality or relative changes has become a major concern. We propose an inequality-preserving or distribution neutral Pareto criterion-the...

Persistent link: https://www.econbiz.de/10011624176

Sustainability of product market collusion under credit market imperfections

Marjit, Sugata; Mukherjee, Arijit; Yang, Lei - 2016

We study the implications of credit constraints for the sustainability of product market collusion in a bank-financed oligopoly in which firms face an imperfect credit market. We consider two situations, without and with credit rationing, i.e., with a binding credit limit. When there is credit...

Persistent link: https://www.econbiz.de/10011587934

Asset level heterogeneity, competition and export incentives : the role of credit rationing

Marjit, Sugata; Ray, Moushakhi - 2020

Firm heterogeneity is mostly discussed in the literature from the viewpoint of productivity differential. In contrast this paper recognizes wealth heterogeneity as an important factor that results in firm heterogeneity. The issue of wealth heterogeneity and export incentive through credit market...

Persistent link: https://www.econbiz.de/10012199980

Sham litigation, delayed tax payment and evasion : the role of informal credit market

Marjit, Sugata; Mishra, Suryaprakash; Mitra, Sandip - 2019

We model the interaction between the informal credit market and the act of tax collection by the government; in presence and functioning of the informal credit market, the agents (the tax paying firms) engage in false or sham litigation and deferred tax payments. During the litigation period...

Persistent link: https://www.econbiz.de/10012157278

Inequality convergence and distribution neutral fiscal policy

Marjit, Sugata; Majumder, Amlan; Sarkar, Sandip; Yang, Lei - 2020 - This Version December 2019

We provide an interesting empirical evidence dealing with the cross country data on equality i.e. movements of Gini coefficient over last four decades. This seems to suggest a robust empirical evidence that the growth or change in inequality across nations has a negative relation with initial...

Persistent link: https://www.econbiz.de/10012171788