Recent News | Department of Economics

  • Unveiling the Dynamics of Labour Market Outcomes June 25, 2024

    In the wake of the COVID-19 pandemic, societies across the globe were pushed into acute constraints, especially in the absence of employment security and consistency. In this regard, Dr Boddu Srujana, Assistant Professor at the Department of Economics through her research paper titled, Women’s Labour Market Outcomes and Contours of Subnationalism: A Comparison Across Four States in India, scrutinises the impact of the pandemic on women’s employment and thereby explores whether these outcomes were uniformly impacted or if they reveal variations attributable to the political dynamics within these states.

    Read the exciting excerpt followed by the link to the article, featured in Economic and Political Weekly

    Abstract:

    Using, the Periodic Labour Force Survey data for 2018–19 and 2020–21, the article explores shifts in women’s employment outcomes pre- and post-pandemic across four Indian states. The article finds that the states with stronger subnational politics fare better in creating quality employment outcomes for women compared to their counterparts, even during times of crisis such as the recent COVID pandemic. This stands true even for women with disadvantaged social, economic and educational backgrounds.

    Practical implementation of research and social implications:

    The research highlights the effectiveness of governance and emphasizes social policies over time that can create better job opportunities for women, where they can secure against vulnerabilities even during challenging times such as crises. This leads to greater economic independence, reduces poverty, and promotes social equity.

    Collaborators:

    The research paper is co-authored with Anagha Tobi and Sipoy Sarveswar.

    Anagha Tobi is an Assistant Professor at the Department of Humanities and Social Sciences, Mahindra University, Hyderabad. Sipoy Sarveswar is an Assistant Professor at the Department of Anthropology, Vidya Bhavana, Visva-Bharati, Santiniketan.

    Future Plans:

    As part of her future research projects in this area, Dr Srujana plans on studying the urban informal labour markets, urbanisation, the dynamics of informalisation, the future of work, and the impact of public policy on labour markets. She is eager to extend her work in these areas by engaging in collaborative research while also partnering with academic institutions, policymakers and NGOs, whereby she aims to contribute to the changing world of work and develop actionable insights that can inform policy and practice

    Link to the article.
    https://www.epw.in/journal/2024/23/perspectives/womens-labour-market-outcomes-and-contours.html

    Continue reading →
  • Faculties Publish an Insightful Article on Political Manifestos and Labor Class May 29, 2024

    In a thought-provoking article titled “Political Manifestos Ignore the Labor Class,” Dr Aurolipsa Das and Dr Srujana Boddu, Assistant Professors from the Department of Economics, shed light on a critical issue that often goes unnoticed during election seasons. Their research delves into the disconnect between political promises and the ground realities faced by the labour class.

    They critically examine the shortcomings of political manifestos, highlighting how they often overlook the interests and needs of the labour class. As India heads into another election cycle, Dr Aurolipsa Das and Dr. Srujana’s article serves as a wake-up call for policymakers. To bridge the gap between political promises and ground-level impact, evidence-based policies that prioritise the labor class are essential. It is time for political parties to move beyond rhetoric and take concrete steps toward meaningful progress.

    Read the full article by clicking on this link to gain deeper insights into this crucial topic.

    Continue reading →
  • Uncovering the Factors Influencing Income Inequality in Rural Indian Households: A Comprehensive Study May 1, 2024

    The Department of Economics takes immense pride in announcing the publication of the research paper, “Determinants of Rural Households’ Income Inequality in India” authored by Dr Ghanshyam Pandey, Assistant Professor. The paper has been published in the Journal of Agricultural Economics Research Review (ABDC-C), and has an impact factor of 0.19. Dr Pandey’s paper examines the factors that determine income inequality among rural farm households in India and discusses the implications of the findings for policymakers, practitioners, and researchers. The study highlights how addressing the identified factors could potentially reduce income inequality among rural farm households and improve the overall well-being of the rural population.

    Abstract

    This study has identified the drivers of income inequality in rural India using IHDS 2011–12 national-level survey. The inequality decomposition methodology developed by Fields (2003) based on a two-way regression methodology has been used. The study has modified the previous regression based inequality decomposition technique by accounting for diverse income sources and regimes as well as by effectively correcting for selectivity in the various income regimes. The CLAD model has been used to distinguish the determinants of income inequality in rural India. The study has indicated that income inequality in farm households can be attributed to the level of education, family size, caste/social group composition, and composition in land ownership and that family size and land ownership are instrumental primarily due to off-farm labour income. The study has shown that education is a significant factor in income inequality due to its impact on off-farm work income. The study has suggested that a continued increase in variability in land distribution may exacerbate income inequality in households in rural India.

    Link to the Article

    Pandey G and Devi B (2023). Determinants of rural households’ income inequality in India. (2024). Agricultural Economics Research Review, 36(2), 213-225. https://epubs.icar.org.in/index.php/AERR/article/view/150669

    Continue reading →
  • Examining the Impact of Bifurcation on Agricultural Development in Jharkhand: A Comprehensive Study April 16, 2024

    The Department of Economics is thrilled to announce the publication of Assistant Professor Dr Ghanshyam Kumar Pandey’s research paper titled, “Bifurcation and Agricultural Development in Jharkhand,” in Economic and Political Weekly. The paper delves into the developmental trajectory of Jharkhand following its bifurcation from Bihar in 2000 and examines the intricacies of agricultural development and the key determinants that have shaped its evolution post-separation.

    Abstract:

    The cropping pattern in Jharkhand has significantly changed from 2000 to 2016, with shifts from the cultivation of cereals to non-cereals. An increase in the crop area and diversification towards high-value crops have accelerated overall agricultural growth. Capital formation and better infrastructure facilities, along with improved fertiliser consumption and irrigation, will foster agricultural development in Jharkhand

    Practical implementation:

    This study shows the development path of Jharkhand after bifurcation from Bihar in 2000. The study deals with the process of agricultural development and determinants of agricultural development after its bifurcation.

    Link to the article

    Continue reading →
  • Dr Ghanshyam Pandey Invited as Guest Speaker at BITS Pilani, Goa January 24, 2024

    Dr Ghanshyam Pandey, an Assistant Professor at the Department of Economics, has been invited to deliver a talk on Risk Management and Sustainability on January 25, 2024, at the Department of Economics and Finance, BITS Pilani K K Birla Goa Campus.

    Dr Pandey is a distinguished member of SRM University-AP’s teaching faculty and an accomplished economist with numerous publications to his credit. He has led several prestigious government-sponsored projects and is the Principal Investigator for the NABARD-sponsored project titled, “Tenancy and Credit: Exploring Facts below the Crust in AP”.

    Continue reading →

seminar-prof-rathinasamy-maria-saleth

The Department of Economics is inviting Distinguished Visiting Professor, Prof. Rathinasamy Maria Saleth for two esteemed seminars on novel topics of social relevance. Prof. Saleth will talk on “Climate Change, Water, and Adaptation” on November 29, 2023, and “Social Science Research: Theories, Models, and Empirical Analysis” on November 30, 2023.

Join the sessions and gain insights from the seasoned academician!

About the Speaker

Prof. Rathinasamy Maria Saleth is currently a Distinguished Visiting Professor at the Department of Economics, Easwari School of Liberal Arts, SRM University-AP. He is regularly affiliated as an Honorary Professor at the Madras School of Economics, Chennai.

Prof. Saleth received his MA from Madurai Kamaraj University, Madurai (1979), MPhil from Jawaharlal Nehru University, New Delhi (1981), and PhD from University of Illinois, Urbana-Champaign, USA (1989). He works in the areas of water resource management, institutional change, development policy, and impact assessment and has published three books, six edited volumes, and over 100 research papers in journals and edited volumes related to these areas.

Prof. Saleth has also won awards for some of his papers, books, and works from professional organisations such as the Indian Society of Agricultural Economics, the American Water Resources Association, the International Water Association, and the University of South Australia. He has also been a consultant to the World Bank, Food and Agriculture Organisation, Asian Development Bank, UN Economic and Social Council for the Asia and the Pacific, and UN Environment Programme.

Talk 1: Climate Change, Water, and Adaptation

Abstract: This presentation covers the nature and magnitude of the impacts of climate change on water resources and possible coping and adaptation options both from global and national perspectives. The presentation starts with a discussion on the leading causes of climate change, especially the cumulative effects of global warming caused by greenhouse gases and related environmental consequences from human-induced economic activities and ecological disturbances. It, then, shows how the impacts of climate change are manifested both at the global and national scale in terms of the spatial and temporal patterns of precipitation and water availability and the resultant implications for water, agriculture, and economy. Although climate change is caused essentially by non-hydrological factors, the water sector continues to be the main medium through which most of its impacts are transmitted to the agricultural sector in particular and other economic sectors in general. As such, it is but natural for the adaptation/coping strategies also to be designed at the point of the impacted sectors, though, admittedly, general mitigation strategies go far beyond these sectors. The presentation, finally, concludes by delineating feasible adaptation strategies for the water sector, which include not just demand management options but also supply management avenues, especially those involving institutional changes and infrastructural developments.

Talk 2: Social Science Research: Theories, Models, and Empirical Analysis

Abstract: This presentation covers the theoretical, methodological, and empirical aspects of social science research, especially from the perspective of young research scholars. It starts with a discussion on the nature, rationale, features, and types of building blocks of social science theories. After an analytical description of three broad types of models, i.e., simple, interactive, and path-based models, the presentation provides concrete illustrations, particularly for the interactive and path-based models using a few empirical case studies. These illustrative case studies will show how to conceptualize, operationalize, and empirically evaluate the research problems in different contexts. The presentation, finally, concludes with the discussion on some of the additional methodological, practical, and data-related aspects of importance in social science research.

Pandey, G. (2020). “Sources and Drivers of Agricultural Growth in Jharkhand” Paper is awarded with Gold medal on Research Day at SRM University held on 29th January 2020.

TOP