http://dspace.iimk.ac.in:80/xmlui/handle/2259/285 This section is mainly deals with the publications of IIMK Community in the area of Economics Tue, 12 May 2026 13:15:24 GMT 2026-05-12T13:15:24Z http://dspace.iimk.ac.in:80/xmlui/handle/2259/976 Financial Literacy, Human Capital and Stock Market Participation in Europe Ashok Thomas; Luca, Spataro Households’ stock market participation has significant effects on savings and on an economy’s financial development and performance. Yet participation into capital markets is limited and quite heterogonous both among and within several countries. This phenomenon represents an empirical puzzle whose understanding is rather incomplete. In this work, we exploited a combination of datasets for nine European countries and used different econometric specifications that allow to control for endogeneity of financial literacy and human capital, to assess the role of several variables in affecting the probability to participate in the stock market in year 2010. Besides socio-demographic variables, we found that financial literacy has a positive and significant effect on stock market participation, together with the level of human capital and social interaction. Country level differences are explained by such institutional factors as the effectiveness of the education system and by the attractiveness of the stock markets. Thu, 01 Jan 2015 00:00:00 GMT http://dspace.iimk.ac.in:80/xmlui/handle/2259/976 2015-01-01T00:00:00Z http://dspace.iimk.ac.in:80/xmlui/handle/2259/975 Financial Literacy, Human Capital and Stock Market Participation in Europe: An Empirical Exercise under Endogenous Framework Ashok Thomas; Luca, Spataro Households’ stock market participation has significant effects on savings and on an economy’s financial development and performance. Yet participation into capital markets is limited and quite heterogonous both among and within several countries. This phenomenon represents an empirical puzzle whose understanding is rather incomplete. In this work we exploit a combination of datasets for 9 European countries and use different econometric specifications that allow to control for endogeneity of financial literacy and human capital, to assess the role of several variables in affecting the probability to participate in the stock market in year 2010. Besides socio-demographic variables, we find that financial literacy has a positive and significant effect on stock market participation, together with the level of human capital. Country level differences are explained by such institutional factors as the effectiveness of the education system, captured by the student-teacher ratio, and by the attractiveness of the stock markets, proxied by the pattern of sharpe-ratios. Thu, 01 Jan 2015 00:00:00 GMT http://dspace.iimk.ac.in:80/xmlui/handle/2259/975 2015-01-01T00:00:00Z http://dspace.iimk.ac.in:80/xmlui/handle/2259/967 The internal dynamic of Indian economic growth Balakrishnan, Pulapre A stylised fact of India’s economic history since 1950 is that the rate of growth of the economy has accelerated periodically and across policy regimes. In this paper we present a theoretical framework that can generate such a pattern due to cumulative causation through positive feedback. The growth process is then investigated using cointegration analysis. We are able to establish the existence of positive feedback which is at the centre of cumulative causation. We are also able to date the onset of this mechanism which has driven growth in India for close to half a century by now. This leads us to conclude that the internal dynamics are at least as important as the policy regimes to understand growth over the long term in this country. Journal of Asian Economics 50 (2017) 46–61: Please see the original of this article at https://www.sciencedirect.com/science/article/pii/S1049007816300501 Sun, 01 Jan 2017 00:00:00 GMT http://dspace.iimk.ac.in:80/xmlui/handle/2259/967 2017-01-01T00:00:00Z http://dspace.iimk.ac.in:80/xmlui/handle/2259/965 Price Monitoring and Control under GST Sthanu R Nair; Leena Mary Eapen The Central Goods and Services Tax Act, 2017 has an “anti-profiteering” clause aimed at ensuring that businesses pass on tax rate cuts and cost savings resulting from the adoption of GST to the consumers. In this context, Australia’s experience with price monitoring and control during the GST transition period is looked at to draw lessons for India. It is eminently possible to institute a comprehensive and effective price monitoring and control mechanism in India to enable benefits to consumers under the GST regime. However, the anti-profiteering rules in their present form have some lacunae and may not produce the desired results of containing profits and, thereby, price rise.... Economic and Political Weekly, Vol. 52, Issue No. 25-26, 24 Jun, 2017 Sat, 24 Jun 2017 00:00:00 GMT http://dspace.iimk.ac.in:80/xmlui/handle/2259/965 2017-06-24T00:00:00Z