The debt wish: Rent seeking by business groups and the structure of corporate borrowing in India

Business groups play an important role in emerging economies. The transactions cost perspective, which has dominated our understanding of such groups, argues that the emergence of business groups is a natural response to market failures in developing countries. In this paper, we propose an alternate theoretical perspective – the rent-seeking view – that takes these groups as engaging in coordinated lobbying for the capture of rents created by governments. We develop and implement an empirical strategy to test for the rent-seeking view drawing from the property rights theory of corporate finance. We find strong empirical support for the rent-seeking view using a large cross-sectional data-set of firms in India.     

国家——社会关系视角中政府职能转变的目标取向

国家——社会关系的变化直接影响政府职能转变。市场化改革使我国国家与社会的关系由一元化向二元分化与良性互动的方向发展,市民社会和民间力量不断发展壮大。在国家——社会二元分化的背景下转变政府职能要求做到合理界定政府、市场、社会的界限,提升政府能力,实现制度创新,服务行政,培育市民社会等五个方面,并最终把“善治”作为政府职能转变的落脚点和目标取向。     

Euthanasia: why it doesn't matter (much) what the doctor thinks and why there is no suggestion that doctors should have a duty to kill

A major reason that The Netherlands has taken a different approach to the rest of the world on such a fundamental moral issue is that the courts and legislature in that country have accorded the interests of doctors a cardinal role in the euthanasia debate. This article argues that the interests of doctors are of only incidental and peripheral relevance in relation to the moral status of euthanasia. The moral status of euthanasia has little to do with the preparedness of doctors to administer the lethal injection or their general attitude towards the practice. Euthanasia is principally about the interests of the patient and the impact that the practice may have on the community in general, not preserving the conscience or improving the working life of doctors.     

STR data for the Amp FlSTR Profiler Plus loci among 27 populations of different social hierarchy from southern part of Andhra Pradesh, India

Allele frequency for the 9 STR loci (D3S1358, vWA, FGA, D8S1179, D21S11, D18S51, D5S818, D13S317, D7S820) were estimated from a total of 1096 individuals belonging to 27 endogamous populations from the state of Andhra Pradesh, India, covering the entire gamut of socio-economic variation of the linguistic region. These loci are found to be highly polymorphic within the populations with high levels of average heterozygosity (>0.80). However, the allele frequency distributions are fairly uniform across the populations in case of these loci suggesting relatively greater homogeneity among the populations. Regrouping populations into five broad socio-economic categories further reiterated the homogenous pattern of genetic diversity.     

Index and ring finger ratio--a new sex determinant in south Indian population

Identification of human remains is an imperative element of any medicolegal investigation, and a challenging task for forensic experts and physical anthropologists worldwide. Three hundred adult hands (150 males and 150 females) belonging to south Indian population were studied to investigate sexual dimorphism of the index and ring finger ratio. The index and ring finger ratio is derived by dividing the index finger length by ring finger length. The index and ring finger ratio is found to be higher in females. Index and ring finger ratio < or =0.9700 identified 80% of males for both hands, and ratio >0.9700 identified 74% females for the right hand and 78% for the left hand accurately. This study may prove useful to determine the sex of an isolated hand when it is subjected for medicolegal examination.     

Price dispersion across Indian states: A club convergence analysis

This study examines the price convergence across 28 Indian states and 7 union territories at an aggregate and subgroups level over the period 2011–12 to 2017–18. We employ a novel approach of Phillips and Sul panel convergence technique, which accounts for transitional dynamics and heterogeneity in the panel. The results suggest price divergence and evidence of clubs across Indian states at both aggregate and subgroup level. The outcomes of this study help policymakers in addressing the price dispersion across states, which in turn improves the market integration, allocation of resources, and standard of living.     

A situational theory of pork-barrel politics: The shifting logic of discretionary allocations in India

ABSTRACT

Despite the extensive literature on distributive politics, there is still is a lack of a theory of how political and fiscal institutions interact to shape the pork barreling ability of national leaders in a federal parliamentary democracy. This article examines how the party system types (dominant party versus coalition system) and particular attributes of discretionary grants (providing credit claiming opportunity or facilitating side payments) influence opportunities for pork-barrel politics. This article proposes a situational theory of distributive politics that states that incentives for exclusive targeting of affiliated states in one-party dominant systems drive national ruling parties toward particularism while the shrinking opportunity to indulge in such a policy in multiparty coalition systems creates a universalization effect. The disaggregated analysis of discretionary grants using Indian data for 14 states for the one-party dominant period (1972–89) and the coalition era (1996–2012) confirms the theoretical expectations. Additionally, the exercise brings to the fore the fact that the shift from particularism to universalism occurs for schematic grants that provide credit claiming opportunity. The ad hoc grants that are like side payments remain subject to particularism.