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Annual Report 2009-10
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:: PRESS RELEASES |
Exim Bank Announces The Winner Of International Economic Development Research Annual (IEDRA) Award 2007
Dr. Arjun Jayadev received Exim Bank's IEDRA Award 2007 from Mr. Y. R. Warerkar, Executive Director, World Trade Centre at the Award Function held in Mumbai on June 26, 2008
Dr. Arjun Jayadev is the winner of Exim Bank of India's International Economic Development Research Annual (IEDRA) Award 2007 for his Doctoral dissertation titled "Financial Liberalisation and its Distributional Consequences: An Empirical Exploration". The Exim Bank IEDRA Award 2007 was announced by Mr. T.C. Venkat Subramanian, Chairman and Managing Director, Exim Bank at an award function held on June 26, 2008 in Mumbai. The Award consisting of Indian Rupees One Hundred Thousand and a Citation were handed over by the Guest of Honour, Mr. Y R Warerkar, Executive Director, MVIRDC World Trade Centre, Mumbai, who also released Exim Bank's Occasional Paper titled "Financial Liberalisation and its Distributional Consequences", which is based on the Award winning thesis. Dr. (Ms.) Pushpa Trivedi, Professor in Economics, Department of Humanities and Social Sciences, Indian Institute of Technology Bombay, provided key insights on the subject.
Mr. T.C. Venkat Subramanian, in his opening remarks highlighted that the Exim Bank IEDRA Award, instituted in 1989, is given for Doctoral dissertations in the area of international economics, trade & development and related financing by Indian nationals from Indian or foreign universities. The year 2007 was the nineteenth year of the Award. Commenting on the Award winning thesis, Mr. Subramanian emphasized that the distribution of national income between capital and labour has always been of interest to economists and policymakers, as it measures how benefits from growth are shared across the factors of production.
Winning Thesis
Dr. Arjun Jayadev has obtained his Doctorate from the University of Massachusetts, Amherst, U.S.A in 2005 and at present is working as an Assistant Professor, in the Department of Economics, University of Massachusetts, Boston, U.S.A. In his thesis, Dr. Jayadev has undertaken an empirical exploration of the distributional impacts of external and domestic financial liberalization using a cross-country analysis and case studies on two developing countries namely India and Indonesia.
This study attempted to account for and trace the distributional consequences of a liberal financial regime raising several important questions such as second generation banking reforms and their impact on financial intermediation, ways to expand resource base to meet the burgeoning public expenditure needs and impact of explosion of credit availability at the upper ends of the income distribution on social outcomes. The empirical results suggest that the effects of capital account openness on distributional outcomes are significant, robust, and therefore merit serious attention. A decline in labour shares in many countries, over the last two decades, has been associated with capital account openness. However, these negative effects cannot be generalised across all country groups and appear to increase with the level of income. Structural differences between countries clearly remain important in outcomes for labour.
Exim Bank of India
Exim Bank aims to promote India's international trade. The Bank offers to Indian companies a comprehensive range of finance, information and advisory services, supported by analysis and research, with a view to enhancing their international competitiveness. The International Economic Development Research Annual Award represents the Bank's ongoing efforts at promoting research and analysis in the area of international economics, trade & development and related financing.
For further information, please contact
Mr. David Sinate,
General Manager,
Research & Planning Group,
Export-Import Bank of India,
Centre One Building, Floor 21,
World Trade Centre Complex, Cuffe Parade,
Mumbai 400 005.
Telephone: (022) 22172829,
Fax:(022) 22182572.
E-mail:dsinate@eximbankindia.in
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