The Role of Foreign Direct Investment on Press Freedom

In our paper we establish foreign direct investment (FDI) as a major determinant of media freedom. Global integration can strengthen the media sector financially, make it technologically enhanced and can also improve the economic environment as a whole. This, in turn, would work towards the enhancement of media freedom. The sample includes high, middle and low income economies. Using a panel of 115 countries over a period of 20 years, our results reveal that FDI is an absolute necessity for a free and efficient media. The results are robust to various alternate specifications and inclusion of additional control variables.Foreign Direct Investment; Press Freedom; Institutions

Fidelity, Rosen-Zener Dynamics, Entropy and Decoherence in one dimensional hard-core bosonic systems

We study the non-equilibrium dynamics of a one-dimensional system of hard core bosons (HCBs) in the presence of an onsite potential (with an alternating sign between the odd and even sites) which shows a quantum phase transition (QPT) from the superfluid (SF) phase to the so-called "Mott Insulator" (MI) phase. The ground state quantum fidelity shows a sharp dip at the quantum critical point (QCP) while the fidelity susceptibility shows a divergence right there with its scaling given in terms of the correlation length exponent of the QPT. We then study the evolution of this bosonic system following a quench in which the magnitude of the alternating potential is changed starting from zero (the SF phase) to a non-zero value (the MI phase) according to a half Rosen Zener (HRZ) scheme or brought back to the initial value following a full Rosen Zener (FRZ) scheme. The local von Neumann entropy density is calculated in the final MI phase (following the HRZ quench) and is found to be less than the equilibrium value ($\log 2$) due to the defects generated in the final state as a result of the quenching starting from the QCP of the system. We also briefly dwell on the FRZ quenching scheme in which the system is finally in the SF phase through the intermediate MI phase and calculate the reduction in the supercurrent and the non-zero value of the residual local entropy density in the final state. Finally, the loss of coherence of a qubit (globally and weekly coupled to the HCB system) which is initially in a pure state is investigated by calculating the time-dependence of the decoherence factor when the HCB chain evolves under a HRZ scheme starting from the SF phase. This result is compared with that of the sudden quench limit of the half Rosen-Zener scheme where an exact analytical form of the decoherence factor can be derived.Comment: To appear in European Physical Journal

Informal Sector and Corruption: An Empirical Investigation for India

India is a country characterized by a huge informal sector. At the same time, it is a country where the extent of corruption in every sector is remarkably high. Stifling bureaucratic interference and corruption at every stage of economic activities is one of the main reasons behind high participation in informal and unregulated sectors. For economies characterized by high inequality and poverty, a useful tool for the government to pacify social unrest, is to choose a lower level of governance allowing substantial corruption in the system. Based on a study of 20 Indian states, we empirically show that higher corruption increases level of employment in the informal sector. Further, our analysis also shows that for higher levels of lagged state domestic product, the positive impact of corruption on the size of the informal sector is nullified.informal sector, corruption, state domestic product, governance, India