Surplus yield and production structure: The case of small‐scale rural industries in West Bengal

Rural industries in West Bengal are characterized by a multiplicity of organizational forms, such as independent petty production, petty production under subcontracting relations with a master trader, modern small‐scale production, and medium‐sized capitalist production. On the basis of field data, we have estimated the amount of surplus generated by these different kinds of producer across a number of organizations and industries, using an alternative criterion: imputing wages to family labour. It was observed that a large number of petty producers generate negative or very low surpluses, and thus have to find supplementary sources of income. Further, the surpluses generated by petty producers attached to a master trader are generally higher than those of independent petty producers.This can be explained in one of two ways. Either the existence of mutual trust between attached petty producers and a master trader offers the former certain advantages over the independent ones, in terms of steady access to urban markets, cheaper sources of raw materials, and easy credit. Or, alternatively, the control such attachment licenses enables a master trader both to extract and to maintain continuous access to higher levels of surplus. For these reasons, this system, of organization lends viability to artisanal production.     

Does the Feldstein–Horioka puzzle exist among South Asian countries? A regime‐switching approach

A plethora of literature has been undertaken to study the validity of the Feldstein–Horioka (FH) puzzle. However, divergent views continue to persist in the FH puzzle literature. This study explores the empirical validity of the FH puzzle in the case of South Asian countries using annual data from 1960 to 2017. Both panel data approach and Markov‐switching regression approach are used to empirically analyze the FH puzzle. The results of the cointegration test confirm the long‐run relationships between saving and investment in the selected South Asian countries. The results of Markov‐switching regression confirm that the saving‐retention coefficient has shifted from high to low values and also from low to high values. Thus, the FH puzzle exists for a particular time period and mostly depends on the regime shifts in the South Asian countries. The results of panel fully modified ordinary least squares (FMOLS) and dynamic ordinary least squares (DOLS) methods also confirm that FH puzzle holds for the South Asian countries. Therefore, the study suggests that any saving promotion policies are desirable for enhancing investment among the South Asian regions.     

The Contribution of Commonwealth Armed Forces in UN Peacekeeping: The Case of Bangladesh

Abstract

Bangladesh is one of the top troop contributing countries to UN Peacekeeping Operations. This paper traces the antecedents and history of the Bangladesh Armed Forces and follows Bangladesh’s participation in various peacekeeping operations over the past 25 years including Rwanda, Sierra Leone and Democratic Republic of Congo.     

Assessing the (eco)macroeconomic performance index of India: A data envelopment analysis approach

The prime objective of this article is to construct a robust macroeconomic performance (MEP) index of the Indian economy using the data envelopment analysis (DEA) approach. Seven major macro indicators, namely, economic growth, employment rate, terms of trade, inflation rate, fiscal deficit, pollution, and climate change are used to compute MEP and Eco‐MEP indices of the Indian economy from 1980–1981 to 2018–2019. Overall, both the MEP and Eco‐MEP index scores have quite similar best performing years worst performing years, and have also captured the major events that affected adversely the Indian economy during the past decades. The trend in the overall performance of the Indian economy was better in the 1980s and the 1990s but has deteriorated since 2000. The autoregressive distributed lag bounds testing approaches to cointegration methods are used to test the robustness/utility of these indices. The estimated results show that MEP and Eco‐MEP have a positive impact on private investment, foreign investment inflows, foreign direct investment, and a negative effect on the current account deficit. Hence, the suggested composite MEP index is stable, robust and truly captures the economic performance of India. The constructed MEP composite index may be used by foreign investors, rating agencies, private investors, and policymakers for their planning and decision‐making processes.     

Tracking the War of Ideas: A Poll of Ottawa Muslims

A 2008 poll of 430 Ottawa Muslims found predominantly negative views of the U.S. war on terrorism, including the war in Iraq and the war in Afghanistan. This poll also assessed approval of Western powers (U.S., Canada, Israel, United Nations) and challengers of Western power (Al-Qaeda, Hamas, Hizballah, government of Iran). Surprisingly, attitudes of Ottawa Muslims toward militant Muslim groups were unrelated to their attitudes toward Western governments. Discussion suggests that this pattern, if confirmed in other Muslim polls, would mean that the war of ideas against radical Islam must address not one target but two: favorable opinions of militants and unfavorable opinions of the U.S. Muslims who come to like the West more may not like Muslim militants any less.