Our Services
- Export Credits
- Finance for Export Oriented Units
- Overseas Investment Finance
- Lines of Credit
- SME & Agri Finance
- Film Finance
- Rural Initiatives
- Export Services
Annual Report 2011-12
|
|
|
:: PRESS RELEASES |
Exim Bank Announces The Winner Of International Economic Development Research Annual (IEDRA) Award 2006
Dr. Monica Das is the winner of Exim Bank of India's International Economic Development Research Annual (IEDRA) Award 2006 for her Doctoral dissertation titled "Theory and Empirical Evidence on the Ecology versus Economy Debate: A Nonparametric Estimation of the SURE Model and an Application to a General Equilibrium Model of Trade and Environment". This was announced at an award function held in Washington D.C. on August 31, 2007. The Award consisting Indian Rupees One Hundred Thousand and a Citation were handed over by the Chief Guest, Mr. Dhanendra Kumar, Executive Director for India, Bangladesh, Bhutan and Sri Lanka, at the World Bank. Mr. Kumar also released Exim Bank's Occasional Paper titled "Trade and Environment: A Theoretical and Empirical Analysis", which is based on the Award winning thesis. Mr. Uri Dadush, Director, International Trade Department, World Bank, provided key insights on the subject in the function. Exim Bank's 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 2006 was the eighteenth year of the Award.
Dr. Monica Das has obtained her Doctorate from the University of California, Riverside, USA in 2005 and at present is working as an Assistant Professor, in the Department of Economics, Skidmore College, New York. In her thesis, Dr. Das has addressed the effect of environmental policies on the pattern of trade and the composition of industrial output. The thesis has made an attempt to examine the validity of the proposition that for the benefit of the environment, trade agreements should be linked with environmental agreements. The thesis develops an empirical technique to show what happens to U.S. manufacturing industries that are subjected to stricter abatement requirements.
The thesis finds that pollution cannot be reduced without affecting income distribution, as a stricter environmental standard enforced by the regulator will reduce real wages (or rental on capital), if the polluting units are labour (or capital) intensive. The thesis also examines the possibility of a country with weaker environmental standard reducing the production of the polluting good and therefore, exporting less of it, contradicting the hypothesis that developing countries export pollution. The theoretical model presented in the thesis questions the validity of the arguments upon which the environmentalists base their opinion against free trade. Thus, the conclusions of the thesis place a serious doubt on the general belief that trade agreements with developing countries with weaker standards should be tied with environmental agreements. The thesis supports the argument that environmental and economic issues should be kept separate in the context of international trade.
For further information, please contact
Mr. Arijit Saraswati,
Assistant General Manager,
Research & Planning Group,
Export-Import Bank of India,
Centre One, Floor 21,
World Trade Centre Complex, Cuffe Parade,
Mumbai 400 005.
Telephone: 22172304;
Fax: 22180743;
E-mail: arijit@eximbankindia.in
|
|
