Academic journal article IUP Journal of Applied Economics

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Academic journal article IUP Journal of Applied Economics

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Article excerpt

The present issue contains four papers. In the first paper, "Trade, Poverty and Sustainable Development in Nigeria: A Dynamic Analysis", the authors, Taofeek Olusola Ayinde and Abiodun S Bankole, have investigated the relationship between trade, poverty and sustainable development in Nigeria for the period 1980-2013 using autoregressive distributed lag technique. The study reveals that long-run equilibrium condition exists between trade and sustainable development, on the one hand, and trade and poverty, on the other. The study also finds that the relationship between trade, poverty and sustainable development is more of a dynamic nature than static as the lagged dependent variables are significant. The authors opine that the growth process of the Nigerian economy is the major driver for poverty reduction, as it significantly increases the per capita income. They further highlight that only optimum levels of government involvement, exchange rate and economic growth that will not aggravate poverty and at the same time will also stimulate sustainable development are desirable.

In the second paper, "Macroeconomic Determinants of India's Foreign Exchange Reserves: An Empirical Analysis", the authors, Devi Prasad Panda and Pushpa Trivedi, have identified various macroeconomic determinants of India's forex reserves for the period from 1996-97 to 2014-15 using Johansen's cointegration test and Johansen's VECM in VAR. The study finds that forex reserves are found to be varying positively with money supply and trade openness, and negatively with exchange rate volatility. The study also reveals that maintenance of excess forex reserves by a country is not only costly for it, but also for the globe in terms of creating global imbalances. The authors opine that RBI needs to manage forex reserves more actively and efficiently.

In the third paper, "The Role of Household-Level Characteristics in Predicting the Unbanked in Rural India: A Comparison of Eastern and Western Regions", the authors, Atul Mehta and Joysankar Bhattacharya, have determined the unbanked households in rural India for the period 2005-06 using discriminant analysis and logistic regression analysis (Logit). …

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