Faculty Publications

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Browsing Faculty Publications by Author "Budihal, Nikshep Basavaraj"

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    An econometric analysis of sectorial contribution to economic growth of Goa
    (World Journal of Advanced Research and Reviews (WJARR), 2023) Budihal, Nikshep Basavaraj
    The study delves into the economic dynamics of Goa over a 26-year period, examining sector-wise contributions and their implications for the state's economic growth. Leveraging secondary data from credible sources like the RBI Handbook of Statistics and the Census Report, the research utilized various statistical tools including cointegration analyses, correlation studies, and causal inferences to explore relationships among Agriculture, Industry, Manufacturing, and Services vis-a-vis the state's Net State Domestic Product (NSDP). The findings reveal a significant shift in Goa's economic landscape, with a decline in the Agricultural sector's contribution, a steady ascent of the Service sector, and consistent roles played by Industry and Manufacturing. The statistical analyses depict the Manufacturing sector as statistically insignificant in influencing long-term economic growth. The research emphasizes the need for strategic interventions to rejuvenate the manufacturing sector for a more substantial contribution to Goa's economic growth. Additionally, the study highlights the vulnerability of Goa's economy to diverse factors and recommends balanced growth strategies across sectors to ensure sustained and diverse economic development in the state. Overall, this research contributes to a nuanced understanding of Goa's economic evolution and presents key insights into its economic trends and the interplay between different sectors and economic growth dynamics.
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    An econometric analysis of trade to economic growth of India
    (Shabd publication, 2023) Budihal, Nikshep Basavaraj; Marathe, Kaushik
    The study uses econometric analysis spanning 1960 to 2022 investigates the trade-wise contributions to India's economic growth. Employing ARDL modeling, Pearson correlation analysis, and cointegration tests, the study examines the specific impacts of exports and imports on Gross Domestic Product (GDP). Results indicate that both exports and imports significantly influence economic growth, with strong positive correlations and distinct long and short-run causalities. Model adequacy tests affirm the reliability of the econometric model, capturing 91 per cent of the GDP variation. This study provides valuable insights into the intricate relationships between GDP, exports, and imports, offering pertinent information for policymakers and stakeholders involved in strategic economic planning.
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    Economics in Action: The Power of Incentives
    (International Journal of Current Science (IJCSPUB), 2023) Budihal, Nikshep Basavaraj
    The study delves into the pervasive role of incentives in economic theory and practice, unraveling their impact on decision-making at individual, business, and government levels. In microeconomics, incentives guide consumer choices, influencing the intricate dance of supply and demand in the marketplace. At the macroeconomic scale, governments employ incentives through policies and regulations to shape the collective destiny of nations. Moving beyond theoretical constructs, this study highlights the omnipresence of incentives in shaping the economic landscape. The literature review examines studies on incentives' impact on organizational productivity, emphasizing the multifaceted nature of incentives and the need for tailored structures. Recent studies explore the correlation between financial incentives and employee performance, shedding light on the nuanced interplay between motivation and productivity. The study's objectives include comprehending the economic significance of incentives and examining them through analytical equations. Using fundamental economic equations, the paper illustrates how incentives, whether in the form of price adjustments or subsidies, directly influence economic decision-making at both consumer and firm levels. This quantitative framework provides insights into the intricate dynamics of incentives, revealing their role as catalysts that propel economies forward.
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    Population dynamics and Economic growth: An Econometric Analysis
    (Shabd publication, 2024) Kotagi, Suresh S.; Budihal, Nikshep Basavaraj
    The study examines the relationship between population dynamics and economic growth in India from 1984 to 2014 using secondary data from sources including the RBI Handbook of Statistics, Ministry of Human Resource Development reports, and census data. The research focuses on demographic factors such as fertility rates, migration patterns, technological advancements, and income distribution, analysing their impact on economic outcomes through econometric methods. The findings reveal a strong positive correlation (Pearson coefficient 0.866) between population changes and economic output, indicating significant influence of demographic shifts on economic performance. ARDL models confirm a long-term equilibrium relationship, with population dynamics exerting a positive impact on economic growth (Pop_L coefficient 1.199487). Model adequacy tests demonstrate the robustness of the analysis, with an R-squared value of 0.87 indicating high explanatory power. These results underscore the pivotal role of demographic transitions in shaping economic trajectories in India. Policy implications suggest that investments in education, healthcare, and infrastructure are crucial for sustaining economic growth amidst evolving population dynamics. Addressing demographic challenges effectively can enhance India's economic development prospects in the long term.