Browsing by Author "Aneja, Ranjan"

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    Decomposing the performance metrics of coconut cultivation in the South Indian States
    (Humanities and Social Sciences Communications, 2021) Kappil, Shin Raju; Aneja, Ranjan; Rani, Poonam
    Coconut (Cocos nucifera) is extensively cultivated and used as a staple ingredient in Indian cuisines, especially in the South Indian cuisines. In India, other than edible purposes, coconut is widely used in religious practices and, it is considered as symbol of prosperity. Despite these facts, several upturns and downturns occurring in the growth trends of coconut in recent periods irrespective of geographical differences. This study attempts to decipher the growth trends in the area, the production and yield of coconut in major coconut producing states in India from 2000–2001 to 2017–2018. Kerala, Tamil Nadu and Karnataka are the states in India where coconut palms are extensively cultivated and produced in large quantities. These states together contribute to approximately 84 per cent of the total area for cultivation of coconut and account for over 87 per cent of total production in the country. We analyse the growth trends in coconut cultivation using appropriate growth equations to estimate the growth rates and instabilities in growth trends. Besides, we use decomposition analysis to find the role of area, price, yield and crop mix effects on coconut production. The results reveal that Karnataka secured high growth in coconut production and its productivity and recorded better acceleration but fluctuated heavily between the phases of years under investigation. It shows that the price effect and yield effect play a crucial role in the total change of coconut production among the selected states. Based on the results, we recommend the local governments and other dedicated authorities to ensure that coconut growers have better access to modern technology, quality inputs, marketing and credit facilities following local necessity. Eventually, these measures can attract and encourage many new farmers into coconut cultivation and thereby achieving better advances in coconut farming.
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    Twin deficit hypothesis and reverse causality: A case study of China
    (Palgrave Communications, 2019) Banday, Umer Jeelaine; Aneja, Ranjan
    This paper analyses the causal relationship between budget deficit and current account deficit for the Chinese economy using time series data over the period of 1985–2016. We initially analyzed the theoretical framework obtained from the Keynesian spending equation and empirically test the hypothesis using autoregressive distributed lag (ARDL) bounds testing and the Zivot and Andrew (ZA) structural break for testing the twin deficits hypothesis. The results of ARDL bound testing approach gives evidence in support of longrun relationship among the variables, validating the Keynesian hypothesis for the Chinese economy. The result of Granger causality test accepts the twin deficit hypothesis. Our results suggest that the negative shock to the budget deficit reduces current account balance and positive shock to the budget deficit increases current account balance. However, higher effect growth shocks and extensive fluctuation in interest rate and exchange rate lead to divergence of the deficits. The interest rate and inflation stability should, therefore, be the target variable for policy makers.