• An analysis of the impact of unconventional oil and gas activities on public health: New evidence across Oklahoma counties

      Apergis, Nicholas; Mustafa, Ghulam; Ghosh Dastidar, Sayantan; University of Texas at El Paso, USA; University of Derby; Queen Mary University of London, UK (Elsevier, 2021-03-17)
      The expansion of unconventional oil and gas development (UNGD) in the US has been highly controversial so far with no consensus on its health, economic, environmental, and social implications. This paper examines the effects of UNGD on the health profile of the population in the context of Oklahoma using a unique data set. To this end, the analysis assembles a panel data set including 76 counties of Oklahoma, spanning the period 1998-2017. The analysis estimates the long-run relationship between the health profile and its determinants using the Common Correlated Effects (CCE) method. The empirical setup allows for cross-sectional dependence and accounts for both observed and unobserved heterogeneity. The main findings provide strong evidence that UNGD activities have negative effects on human health-related outcomes across all counties in Oklahoma. Specifically, an increase in the number of (unconventional) wells has a positive impact on mortality rates, and incidences of cancer, cardiac, and respiratory diseases in communities in close spatial proximity, and a negative impact on life expectancy. These findings provide evidence that UNGD activities pose significant risks to the public health profile across the Oklahoma population. Such findings are expected to have substantial implications for the national debate on the regulation of UNGD.
    • Derby car parking review

      Ghosh Dastidar, Sayantan; Lynch, Nicola; University of Derby (2017-02)
    • The determinants of aggregate fluctuations: The role of firm‐borrowing channels

      Ghosh Dastidar, Sayantan; Apergis, Nicholas; University of Piraeus, Piraeus, Greece; University of Derby (Wiley, 2021-10-27)
      The paper examines the empirical relationship between firm-borrowing channels and aggregate fluctuations for the 100 largest US firms over 2000–2018. The motivation for this study originates from the general consensus in macroeconomics that microeconomic shocks to firms cannot generate significant aggregate fluctuations. The analysis extends Gabaix's 2011 baseline model by incorporating measures for “bank shocks” at the firm-level. In addition to supporting the granular hypothesis, the econometric results indicate that bank shocks have a weak impact on GDP fluctuations, whereas non-bank loans exert a strong impact on the same. The above findings survive certain robustness checks associated with the presence of oil and monetary shocks, as well as with the firms’ location factor.
    • Determinants of public education expenditure: evidence from Indian states.

      Chatterji, Monojit; Mohan, Sushil; Ghosh Dastidar, Sayantan; University of Dundee; University of Cambridge; University of Brighton (Inderscience, 2015-04-10)
      Public education expenditure varies significantly across Indian states. Using data on 16 Indian states from 2001-2010, the paper tries to identify the determinants of per capita education expenditure of state governments in India. The econometric findings indicate that richer states spend more on education compared to the poorer states. A lower share of child population (0-14 years) is found to significantly enhance education expenditure at the state level. We do not find any evidence that political factors such as political ideology of the ruling party and level of corruption affect education expenditure of state governments.
    • Finance and growth: Evidence from South Asia

      Patra, Sudip; Ghosh Dastidar, Sayantan; University of Derby; O. P. Jindal Global University, Haryana, India.; University of Derby, Derby, UK. (Sage, 2018-04-19)
      The article examines the empirical relationship between financial development and economic growth for five South Asian countries over the time period 1990–2015, using both panel model approach and time series analysis. We employ multiple proxies for financial development, namely, foreign direct investment, total debt service, gross domestic savings, domestic credit to private sector by banks, and domestic credit provided by financial sector to test the relationship. The panel model approach results indicate that there is an overall positive association between finance and growth for South Asia through the FDI and savings channels. The country-specific analyses suggest that the growth effects of financial channels are most pronounced in Sri Lanka, whereas, on the other hand, financial development plays no role in the Indian growth process in the short run. Bangladesh, Nepal, and Pakistan lie somewhere in between this spectrum with every country exhibiting unique growth paths which highlights the heterogeneity of the region.
    • Holidays and economic growth: Evidence from a panel of Indian states

      Ghosh Dastidar, Sayantan; Apergis, Nicholas; University of Derby; University of Texas at El Paso, El Paso, TX, USA (Wiley, 2021-05-01)
      The number of holidays differs significantly across Indian states. Moreover, some of the governing political parties have been accused of using holidays as a tool either to mollify disgruntled workers or to woo voters before the state elections. In this context, this paper explores the relationship between the number of holidays and economic growth across 24 Indian states, spanning the period 2008–2016, by employing a panel model analysis. The paper presents evidence suggesting that holidays seem to affect growth negatively in the rich states but are inconsequential for the growth performance of the poor states.
    • Impact of remittances on economic growth in developing countries: The role of openness

      Ghosh Dastidar, Sayantan; University of Derby (De Gruyter, 2017-03-28)
      The paper examines the empirical relationship between remittances and economic growth for a sample of 62 developing countries over the time period 1990–2014. Remittances seem to promote growth only in the ‘more open’ countries. That is because remittances are in themselves not sufficient for growth. The extent of the benefit depends on domestic institutions and macroeconomic environment in the receiving country. Unlike the ‘less open’ countries, ‘more open’ countries have better institutions and better financial markets to take advantage of the remittances income and channelise them into profitable investments which, in turn, accelerates the rate of economic growth in these countries.
    • The Indian film industry in a changing international market.

      Ghosh Dastidar, Sayantan; Elliott, Caroline; University of Derby; Aston University (Springer, 2019-05-03)
      India has a longstanding reputation for its acclaimed film industry and continues to be by far the world’s largest producer of films. Nevertheless, domestic demand for films appears to be waning as in a number of developed countries with mature film industries. Hence, the econometric analysis in this paper is particularly timely as with demand for films in Indian cinemas falling it is important to identify those factors that make films appealing for Indian audiences. An original dataset is utilised that includes data on all Bollywood films released in India between 2011 and 2015. Account is taken of the potential endogeneity between variables through the use of the Generalised Method of Moments approach. Results are used to demonstrate how the Indian film market can continue to have a significant positive impact on the Indian economy. The discussion highlights appropriate film production company strategies and Government policy responses that should be considered to ensure the continued success of the Indian film industry both domestically and in an increasingly competitive international market.
    • Manufacturing and trade liberalisation of India: The continuing debate

      Ghosh Dastidar, Sayantan; University of Derby (Madras Institute of Development Studies, India, 2015-12)
      The paper identifies the reasons behind the differential performance of the registered and unregistered manufacturing sectors of India during the post-reform period. The motivation for this study comes from the econometric findings of Ghosh Dastidar and Veeramani (2014) that trade liberalisation has positively influenced the growth performance of the unregistered sector but not that of the registered segment.Trade liberalisation seems to have benefitted the unregistered sector indirectly through the increase in sub-contracting activities from the registered sector. The absence of rigid labour regulations also helped the unregistered sector undergo re-structuring during the post-reform period and achieve faster growth through the elimination of inefficient firms, something that the registered segment failed to do.
    • Why do men rape? Understanding the determinants of rapes in India.

      Basu Roy, Sharanya; Ghosh Dastidar, Sayantan; University College Cork; University of Derby; School of Law, University College Cork, Cork, Ireland; Division of Economics and Finance, University of Derby, Derby, UK (Taylor and Francis, 2018-05-21)
      The study examines the determinants of rapes in India using state level data for the time period 2001–2015. The panel model analysis indicates that there is no impact of education and economic growth, pointing towards a larger role of social and cultural factors in this context. The effect of deterrence variables (such as the number of police stations) is non-existent, possibly pointing towards the incompetency of the police force. Social attitude towards women emerged as the most robust predictor of the extent of rapes in India. We argue that the fundamental problem lies in the misogyny deeply rooted in the Indian society