Pratik Ghansham Salvi Assistant Professor of Economics | Banking & Finance | IMF Finance & Development Contributor

  • Rising Rates, Fragile Markets: The Next Big Blowup for the Financial System?

    Rising Rates, Fragile Markets: The Next Big Blowup for the Financial System? For over a decade, historically low interest rates have fueled a seemingly endless boom in financial markets. Asset prices have soared, from stocks and bonds to real estate and cryptocurrencies. This era of easy money, however, may be nearing its end. Central banks…

    Pratik Salvi

  • Understanding Zombie Firms: Why Companies Keep Operating Despite Losses

    The business world thrives on dynamism, with new ventures constantly emerging and established players adapting to stay relevant. Yet, beneath the surface of this churn lies a curious phenomenon: the zombie firm. Unlike their terrifying namesakes, these companies aren’t flesh-eating monstrosities, but rather businesses that persist in a state of perpetual decline. These seemingly functional entities…

    Pratik Salvi

  • Declining Returns and the Limits of Partial Equilibrium: Piero Sraffa Perspective

    The economic theory of perfect competition has long been a cornerstone of analysis in partial equilibrium frameworks. This approach isolates a single market or good, assuming perfect information, price-taking behavior by firms, and constant returns to scale. However, within this framework, a fundamental tension arises when considering the concept of declining returns. This article explores…

    Pratik Salvi

  • The Dynamic Firm in a Static World: How Nicholas Kaldor’s Pathbreaking Work Explains the Rise of Monopolies and Oligopolies?

    The Dynamic Firm in a Static World: How Nicholas Kaldor’s Pathbreaking Work Explains the Rise of Monopolies and Oligopolies? The analysis of market structure is important because it gives us true picture of how price and output is determined. Basically there are two types of market forms — Perfect Competition and Imperfect Competition. Where Perfect Competition is…

    Pratik Salvi

  • Is Hyperglobalization the New Enemy of Equal Economic Progress?

    Is Hyperglobalization the New Enemy of Equal Economic Progress? The past few decades have witnessed an unprecedented level of interconnectedness between nations, driven by advancements in technology, communication, and trade. This phenomenon, often termed hyperglobalization, has brought undeniable benefits, facilitating the exchange of goods, ideas, and cultures on a global scale. However, concerns have emerged…

    Pratik Salvi

  • The NVIDIA’s Rise as a Semiconductor Industry Giant: A Story of Innovation, Influence, and Inspiration

    The emergence of AI based technologies enables to expand semiconductor industry. And among them, NVIDIA’s emrergence as a semiconductor industry tech giant has potential impacts and sometimes it is the best solution to remove China’s monopoly in the semiconductor industry. Moreover, NVIDIA’s rise enables other firms to innovate, inspire, and influence that how AI led…

    Pratik Salvi

  • Will China’s Property Sector Crises push the World Economy in Deflation?

    From last 2–3 decades China’s economic growth has been tremendous and thier position in the international trade is rising. China exported essential commodities such as rice, wheat, pulses to manufactured goods and raw materials to almost all the countries of the world. And due to this vast expansion China is in a position of trade…

    Pratik Salvi

  • Opportunity Costs: The crucial role in Economic decision making.

    In economic analysis the concept of opportunity cost has been widely used. In our daily lives, we are constantly faced with choices. From deciding what to eat for breakfast to choosing a career path, each decision entails a trade-off. However, economists go beyond the immediate costs and benefits of an option, introducing the concept of…

    Pratik Salvi

  • India’s Income and Wealth Gap : A Comparative Analysis of using the Berguson and Samuelson Social Welfare Function

    India from last several years achieving rapid economic growth and remarkable progress in certain economic variables such as infrastructure, education, health, foreign Trade, etc. If we look at the Asia continent then after China, India is in the position of global economic superpower due to its vast influence in trade, industry, IT and Space sector…

    Pratik Salvi

  • Policy Implications of Externalities and Coroporate Social Responsibility (CSR)for Achieving Sustainable Development Goals

    Policy Implications of Externalities and Coroporate Social Responsibility (CSR)for Achieving Sustainable Development Goals The relentless pursuit of economic prosperity often leaves unaddressed consequences, ripples in the fabric of our society and environment known as externalities. These hidden costs, whether pollution from factories or the erosion of social capital through unethical practices, cast a long shadow…

    Pratik Salvi
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