Advances in Finance & Applied Economics

Discussing a wide range of topics of contemporary relevance from the domain of finance and economics, this book presents a collection of twenty-four research papers, which were selected on the basis of their topicality, the novelty of their methods, and t

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n Finance & Applied Economics

Advances in Finance & Applied Economics

N. R. Bhanumurthy K. Shanmugan Shriram Nerlekar Sandeep Hegade •



Editors

Advances in Finance & Applied Economics

123

Editors N. R. Bhanumurthy National Institute of Public Finance and Policy (NIPFP) New Delhi, India K. Shanmugan Maharaja Sayajirao University of Baroda Vadodara, India

Shriram Nerlekar Marathwada Mitra Mandal’s Institute of Management Education and Research Pune, India Sandeep Hegade Marathwada Mitra Mandal’s Institute of Management Education and Research Pune, India

ISBN 978-981-13-1695-1 ISBN 978-981-13-1696-8 https://doi.org/10.1007/978-981-13-1696-8

(eBook)

Library of Congress Control Number: 2018948622 © Springer Nature Singapore Pte Ltd. 2018 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. This Springer imprint is published by the registered company Springer Nature Singapore Pte Ltd. The registered company address is: 152 Beach Road, #21-01/04 Gateway East, Singapore 189721, Singapore

Contents

Part I

Development Economics

Federalism in India: An Economic Analysis . . . . . . . . . . . . . . . . . . . . . . Sripriya Srivatsa Econometric Analysis of Growth Inclusiveness in India: Evidence from Cross-Sectional Data . . . . . . . . . . . . . . . . . . . . . . . . . . . . Paramasivan S. Vellala, Mani K. Madala and Utpal Chattopadhyay Part II

3

19

Environmental Economics

Assessing an Investor’s Decision to Invest in Solar Power Across Indian States . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Suramya Sharma and Srishti Dixit

41

Urban Sprawl and Transport Sustainability on Highway Corridors Using Stake Holder Analysis . . . . . . . . . . . . . . . . . . . . . . . . . Twinkle Roy and Rahul Budhadev

63

Policy Interventions for Sustainable Solid Waste Management in Developing Countries . . . . . . . . . . . . . .