Towards a Finite-NN Hologram

We suggest that holographic tensor models related to SYK are viable candidates for exactly (ie., non-perturbatively in $N$) solvable holographic theories. The reason is that in these theories, the Hilbert space is a spinor representation, and the Hamiltonian (at least in some classes) can be arranged to commute with the Clifford level. This makes the theory solvable level by level. We demonstrate this for the specific case of the uncolored $O(n)^3$ tensor model with arbitrary even $n$, and reduce the question of determining the spectrum and eigenstates to an algebraic equation relating Young tableaux. Solving this reduced problem is conceptually trivial and amounts to matching the representations on either side, as we demonstrate explicitly at low levels. At high levels, representations become bigger, but should still be tractable. None of our arguments require any supersymmetry.Comment: 16 page

Policy, Economic Federalism & Product Market Entry: The Indian Experience

Productivity growth has long been associated with, among others, contestability of markets which, in turn, is dependent on the ease with which potential competitors to the incumbent firms can enter the product market. There is a growing consensus that in emerging markets regulatory and institutional factors may have a greater influence on a firm’s ability to enter a product market than strategic positions adopted by the incumbent firms. We examine this proposition in the context of India where the industrial policies of the eighties and the nineties are widely believed to be pro-incumbent and procompetition, respectively, thereby providing the setting for a natural experiment with 1991 as the watershed year. In our analysis, we also take into consideration the possibility that the greater economic federalism associated with the reforms of the nineties may have affected the distribution of industrial units across states after 1991. Our paper, which uses the experiences of the textiles and electrical machinery sectors during the two decades as the basis for the analysis, finds broad support for both these hypotheses.http://deepblue.lib.umich.edu/bitstream/2027.42/57223/1/wp843 .pd

Reforms, Entry and Productivity: Some Evidence from the Indian Manufacturing Sector

It is now stylized that, while the impact of ownership on firm productivity is unclear, product market competition can be expected to have a positive impact on productivity, thereby making entry (or contestability of markets) desirable. Traditional research in the context of entry has explored the strategic reactions of incumbent firms when threatened by the possibility of entry. However, following De Soto (1989), there has been increasing emphasis on regulatory and institutional factors governing entry rates, especially in the context of developing countries. Using 3-digit industry level data from India, for the 1984-97 period, we examine the phenomenon of entry in the Indian context. Our empirical results suggest that during the 1980s industry level factors largely explained variations in entry rates, but that, following the economic federalism brought about by the post-1991 reforms, variations entry rates during the 1990s were explained largely by state level institutional and legacy factors. We also find evidence to suggest that, in India, entry rates were positively associated with growth in total factor productivity.http://deepblue.lib.umich.edu/bitstream/2027.42/57202/1/wp822 .pd

Career effectiveness and its determinants

Study of careers has become an important aspect in the fast changing organizational context. It has come to be increasingly recognized at present, that career management is the responsibility of both the individual as well as the organization. This empirical study tries to understand the important elements of individual and organizational career practices that affect an employee’s career effectiveness. Most of the previous studies have used the objective terms of career success such as remuneration and position as the criterion variable. But since career outcome expectations vary across individuals and also since the concept of career itself has evolved over time, it was decided to use a more comprehensive concept of career outcome namely career effectiveness as the outcome variable. Career effectiveness as defined by Hall (2002) has both long-term orientation such as identity and adaptability as well as short-term orientation such as career attitudes and performance. Further both behavioral aspects such as performance and adaptability and individual subjective aspects such as identity and attitudes make it a more comprehensive way of assessing career outcome. The results of this research study indicate that individual determinants such as career planning and knowledge of organizational politics and organizational level determinants such as training and development support, quality of performance feedback and supervisory support explain significant variances in the determination of employee career effectiveness.