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Matching keywords : Fiscal multiplier; SVAR; Revenue expenditure; Capital expenditure; Fiscal-Monetary coordination; Supply shocks

Impact of Covid-19 on the Indian Economy: An Analysis of Fiscal Scenarios

Amidst the economic slowdown triggered by the outbreak of the Covid-19 pandemic in India there have been many demands for the government to announce a large fiscal stimulus to support the economy. E...

by Ila Patnaik | On 08 Oct 2020

The Sunday Edit: How Will Latin America Weather the Covid-19 Storm?

With most of their fiscal firepower spent and with their political capital draining away, Latin American governments are grappling with the challenge of gradually opening up their economies even befor...

by | On 21 Jun 2020

Why Centre is left with little fiscal cushion to deal with Covid pandemic

When emerging from this crisis, the govt must consider a fresh approach to reviving growth, revisiting the Centre-state fiscal balance, and devising a re-imagined GST 2.0.

by T.N. Ninan | On 07 Jun 2020

Post Covid-19: Recovering and Sustaining India’s Growth

The paper discusses past virtuous growth cycles in India and argues that the post Covid-19 macro-financial package is an opportunity to trigger another such cycle, by raising marginal propensities t...

by Ashima Goyal | On 14 May 2020

Urban Food Markets and the Lockdown in India

On March 24, 2020, the Government of India announced a 21-day national lockdown that has since been extended to May 3, 2020. The lockdown has left urban food markets in disarray with severe supply b...

by Sudha Narayanan | On 06 May 2020

COVID-19: Global Diagnosis and Future Policy Perspective

The macroeconomic policy responses to COVID-19 pandemic and the impact of the pandemic on economic growth, and the level of consumption are analysed. The COVID-19 crisis is a dual crisis - public hea...

by Divy Rangan | On 06 May 2020

COVID-19 and Macroeconomic Uncertainty: Fiscal and Monetary Policy Response

The macroeconomic uncertainty created by COVID-19 is hard to measure. The situation demands simultaneous policy intervention in terms of public health infrastructure and livelihood. Along with the g...

by Lekha S. Chakraborty | On 29 Apr 2020

News, Noise and Indian Business Cycle

New Keynesian Dynamic Stochastic General Equilibrium (DSGE) models with various specifications of technology, markup and interest rate shocks are estimated with Indian data using Kalman filter based p...

by Ashima Goyal | On 25 Apr 2019

Inter-Governmental Fiscal Transfers in the Presence of Revenue Uncertainty: The Case of Goods and Services Tax (GST) in India

A comprehensive multistage Value Added Tax (VAT) system, viz., Goods and Services Tax (GST), is introduced in India since 1 July 2017. GST encompasses various taxes from Union and State indirect tax b...

by Sacchidananda Mukherjee | On 02 Apr 2019

The Political Economy of Gender Budgeting: Empirical Evidence from India

Gender budgeting is a public policy innovation to transform the gender commitments into budgetary commitments. The political economy process of gender budgeting in India has encompassed four distinct...

by Lekha Chakraborty | On 02 Apr 2019

Impact of Changes in Fiscal Federalism and Fourteenth Finance Commission Recommendations Scenarios on States Autonomy and Social Sector Priorities

This paper compares the additional gains from higher tax devolution in the post 14th FC period, with the additional burden due to the withdrawal of certain central schemes and the changes in the shar...

by Amarnath H. K. | On 30 Mar 2019

What Explains the Volatility of India’s Catch-up Growth?

Indian post reform growth rates have been higher but more volatile compared to transition periods for other comparable countries. The reasons are aggravation of shocks due to unaddressed critical bott...

by Ashima Goyal | On 29 Mar 2019

Sri Lanka’s Macroeconomic Challenges: A Tale of Two Deficits

The paper provides a narrative of Sri Lanka’s history of twin deficits, examines macroeconomic performance from the lens of twin deficits, and discusses the policies adopted to address macroeconomic i...

by Dushni Weerakoon | On 28 Mar 2019

Rebalancing the Economy and Reforming the Fiscal System of the People’s Republic of China

The goal of the note is to lay out and discuss a package of reforms that could be consistent with the objectives of the government. The fiscal instruments that we consider here include the division of...

by Roy Bahl | On 07 Mar 2019

Explaining the contractualisation of India’s workforce

The employment structure of India’s organised manufacturing sector has undergone substantial changes over the last decade with a steep rise in the use of contract workers in place of directly hired wo...

by Radhicka Kapoor | On 03 Feb 2019

Towards India’s New Fiscal Federalism

The paper explored deep analytical issues such as the nature of the objective function to be optimized, planning horizon, choice of the discount rates, etc. No wonder, his book “Capital and Developmen...

by Vijay Kelkar | On 30 Jan 2019

The Business of Greening: Policy Measures for Green Business Development in Asia

The paper reviews green markets, technologies, and practices with a focus on developing Asian countries, and offers a set of policy options to enable governments and development finance institutions t...

by Daniele Ponzi | On 29 Jan 2019

Multi- Product Firms, Tariff Liberalization and Product Churning in Vietnamese Manufacturing

This study documents the frequency and characteristics of multi-product firms in Vietnamese manufacturing. The major findings are as follows. First, multi-product firms are larger, more capital-intens...

by Ha Thi Thanh Doan | On 29 Jan 2019

The Basel Capital Requirement, Lending Interest Rate and Aggregate Economic Growth: An Empirical Study of Vietnam

This paper investigates the effects of the Basel II capital requirement implementation in Viet Nam on the bank lending rate and national output. The paper provides a theoretical framework as well as e...

by Nguyet Thi Minh Phi | On 28 Jan 2019

Impact of Intergovernmental Fiscal Transfers on Gender Equality in India: An Empirical Analysis

Intergovernmental fiscal transfers (IGFT) are, in theory, neither good nor bad for tackling gender inequalities. Fiscal federalism with asymmetry in revenue and expenditure assignments inevitably lead...

by Janet G. Stotsky | On 14 Jan 2019

Industrialization of Developing Countries in a Multicountry, Multisector Capital Accumulation Model

This paper shows that industrialization of developing countries, defined as start of production of investment goods, happens when their share in global production exceeds the global demand for consump...

by Tadateru Hayashi | On 02 Jan 2019

Does the Exposure to Routinization Explain the Evolution of the Labour Share of Income ? Evidence from Asia

This paper analyzes the evolution of the labor share of income in Asia, a region where countries have experienced steep declines and increases as well as stable labor income shares in the quarter-cent...

by Mitali Das | On 13 Dec 2018

Insights from Behavioral Economics on Current Policy Issues

The paper examines behavioral constraints in policy-making and in achieving coordination across policies. First it applies psychological concepts to understand policy inadequacies, and next examines h...

by Ashima Goyal | On 29 Oct 2018

Role of Bank Lending in Financing Green Projects: A Dynamic Stochastic General Equilibrium Approach

This paper develops an environmental dynamic stochastic general equilibrium (E-DSGE) model with heterogeneous production sectors. In particular, the model comprises some low-carbon emission firms that...

by Maria Teresa Punzi | On 19 Oct 2018

Strong Regulation of Medical Products: Cornerstone of Public Health and Regional Health Security

National regulatory agencies (NRAs) are the gatekeepers of the supply chain of medical products such as pharmaceuticals and medical devices. It is through registration with an NRA that a manufacturer...

by Susann Roth | On 09 Oct 2018

An Assessment of the Fiscal Features of the PDP Laban Model of Philippine Federalism 1.0 and the Gonzales-De Vera Federal Model

The paper highlights the importance of the design of the fiscal features of the federal system of government in ensuring that the potential benefits from its adoption are realized. The economic litera...

by Rosario G. Manasan | On 03 Oct 2018

Fiscal Challenges to Financing Social Protection to Achieve the Sustainable Development Goals: A Case of Three Countries

This working paper summarizes the findings from three of the countries chosen by the study—Mongolia, Myanmar, and Timor-Leste—to represent the range of challenges countries face and need to contend wi...

by Sri Wening Handayani | On 27 Sep 2018

Money and Business Cycle: Evidence From India

This paper takes a New Keynesian model with non-separable money in utility to Indian data using maximum likelihood. The identification problem in isolating the effect of money on output and inflation...

by Ashima Goyal | On 21 Sep 2018

Effect of Supply Chain Integration on the Business Performance and Competitiveness of the Philippine Small and Medium Enterprises

This study aims to determine the effect of supply chain integration on the business performance and competitiveness of small and medium enterprises in the Philippines. A survey of 384 small and medium...

by Elaine Q. Borazon | On 20 Sep 2018

Rationale and Institution for Public – Private Partnerships

Private–public partnership (PPP) methods are considered to be an effective way to narrow the gap between demand and supply of social infrastructure. If successfully pursued, PPP can deliver benefits t...

by Jungwook Kim | On 19 Sep 2018

Market Expanding or Market Stealing? Platform Competition in Bike-Sharing

The recent rise of dockless bike-sharing is dominated by two platforms: one started first in 82 Chinese cities, 59 of which were subsequently entered by the second platform. Using these variations, th...

by Guangyu Cao | On 01 Sep 2018

Assessing the Effects of Simple and Complex Innovation Strategies on the Performance of Firms in the Philippines

Innovation is the synergistic use of resources, technology, capital, and information to achieve growth at different levels of the economy. Many studies abroad have already supported the hypothesis tha...

by Connie Bayudan-Dacuycuy | On 27 Aug 2018

Green Energy Finance in India: Challenges and Solutions

The paper presents a granular understanding of the associated challenges of mobilizing such finances, drawing from the Indian perspective. It contributes to the present understanding by identifying th...

by Gopal K. Sarangi | On 24 Aug 2018

An Empirical Analysis of the Factors that Influence Infrastructure Project Financing by Banks in Select Asian Economies

This paper analyzes a critical aspect of expanding private finance to infrastructure by examining the role of bank lending to public–private partnership (PPP) projects through the project finance moda...

by Vivek Rao | On 24 Aug 2018

Evaluating India's Exchange Rate Regime Under Global Shocks

The paper assesses the performance of India's managed float with respect to maintaining a real competitive exchange rate, its effect on trade, on stability of currency and financial markets, and on in...

by Ashima Goyal | On 24 Aug 2018

Financial Barriers to Development of Renewable and Green Energy Projects in Asia

The expansion of green renewable energy has been very limited in all the Asian countries, despite their various differences. The contributing factors are numerous, but, the financial factor has been t...

by Hooman Peimani | On 16 Aug 2018

Determinants of Public–Private Partnerships in Infrastructure in Asia: Implications for Capital Market Development

This study attempts to understand the role of greater access to finance, i.e., stocks, bonds, and bank loans, in public–private partnership (PPP) investment in developing countries. Most developing co...

by Suk Hyun | On 10 Aug 2018

Enabling Smart Urban Redevelopment in India through Floor Area Ratio Incentives

This working paper assesses the potential of incentive FAR approaches in two Indian cities, Mumbai and Ahmedabad, for leveraging the economic value of urban land. A thorough analysis of Mumbai’s clust...

by Apoorva Shenvi | On 25 Jul 2018

Alternate Instruments to Manage the Capital Flow Conundrum: A Study of Selected Asian Economies

The paper analyses a nationally representative data set from India for the year 2013 in order to provide evidence on how short term migration is affected by household's ownership of land, and particip...

by Rajeswari Sengupta | On 25 Jul 2018

Fiscal policy Conditions for Government Budget Stability and Economic Recovery: Comparative Analysis of Japan and Greece

This paper first shows that the Domar condition is obtained only from the government budget constraint (namely the supply of government bonds) and does not take into account the demand for government...

by Naoyuki Yoshino | On 19 Jul 2018

Financial Inclusion, Financial Regulation, Financial Literacy, and Financial education in the Kyrgyz Republic

This paper discusses recent developments in financial inclusion and financial literacy in Kyrgyz Republic. While financial inclusion is considered one of the key drivers of today’s development, it is...

by Savia Hasanova | On 19 Jul 2018

Welfare Issues in Price Control on Occasions of Calamities, Emergencies, and Like Occurrences

This study focuses on the implications of RA7581 during disaster events, and answer issues on the effects of price control on consumer protection and local economic recovery as well as provides discou...

by Sonny N. Domingo | On 05 Jul 2018

Assessment of the BUB Program: Improving Access of Local Communities to Basic Services and Strengthening Social Capital

The Aquino administration through the Human Development and Poverty Reduction Cluster (HDPRC) and Good Governance and Anti-Corruption Cluster (GGACC) launched the Bottom-up Budgeting (BUB) exercise in...

by Rosario G. Manasan | On 05 Jul 2018

Designing the Fiscal Features of a Federal Form of Government: Autonomy, Accountability, and Equity Considerations

The paper provides estimates of the cost of shifting to a federal form of government under different scenarios in terms of the number of regions. Finally, it concludes with the discussion of why adopt...

by Rosario G. Manasan | On 03 Jul 2018

Urban and Rural Households’ Energy Use: Sets, Shocks, and Strategies in the Philippines

This paper aims to analyze the determinants of household energy portfolio in urban and rural areas and to determine how choices are affected by price shocks and weather variabilities in the Philippine...

by Connie Bayudan-Dacuycuy | On 29 Jun 2018

Risk Management Innovation for Philippine Banking

This Policy Note revisits the risk management policy of BSP as a guide in strengthening the competitiveness of Philippine banks. It also recommends measures to further refine the banking system in the...

by Roberto Miguel S. Roque | On 29 Jun 2018

Productivity Growth in Organized Manufacturing in Telangana

This paper makes an attempt to estimate Total Factor Productivity (TFP) growth by using both growth accounting approach and production function approach. Kendrick, Solow and Tornqvist-Theil indices ar...

by G. Alivelu | On 26 Jun 2018

The Rise of Government-Funded Health Insurance in India

India has experienced a remarkable proliferation of 48 Government Funded Health Insurance Schemes (GFHIS) from 1997 to 2018. The paper places the rise of this policy pathway in historical perspective....

by Ila Patnaik | On 15 Jun 2018

Federalism, Fiscal Asymmetries and Economic Convergence: Evidence from Indian States

This paper tests economic convergence across States in India by incorporating federal fiscal asymmetries and differentials in gross fixed capital formation at the state level. Using dynamic panel mode...

by Lekha Chakraborty | On 15 Jun 2018

Trade Costs, Time, and Supply Chain Reliability

This paper uses measures of international transport time, in median and standard deviation, based on shipment-level data from the Universal Postal Union, to analyze the effect of time on trade costs....

by Utsav Kumar | On 14 Jun 2018

Capital Skill Substitutability and the Labor Income Share: Identification Using the Morishima Elasticity of Subtitution

The relationship between a declining labor income share and a falling relative price of capital requires capital and labor to be gross substitutes at the aggregate level. It argues that this restricti...

by Saumik Paul | On 07 Jun 2018

Cross- Border Portfolio Investment and Financial Integration in Asia and the Pacific Region

This paper examines the developments of cross-border portfolio assets and liabilities in the Asia and Pacific region over the periods of 2001–2017. Rapid increases in both portfolio foreign assets and...

by Sayuri Shirai | On 07 Jun 2018

Financial Inclusion, Financial Literacy, and Financial Education in AZerbaijan

This paper discusses the status of financial inclusion, education, and literacy in Azerbaijan as well as measures to foster the development of SMEs, which currently have inadequate access to financial...

by Gubad Ibadoghlu | On 07 Jun 2018

Adjustment to Trade Opening: The Case of Labor Share in India’s Manufacturing Industry

This paper is to studies how manufacturing plants in India adjusted to trade liberalization during the period 1998–99 to 2007–08. It estimates how the labor share changed due to tariff reduction. The...

by Prachi Gupta | On 05 Jun 2018

Global Banking Network and Regional Financial Contagion

This paper investigates and tests the role of regional exposures in financial contagion from advanced to emerging market economies through the global banking network using data on cross-border bilater...

by Cyn Young Park | On 31 May 2018

Income Inequality and Depression: a Systematic Review and Meta-Analysis of the Association and a Scoping Review of Mechanisms

Most countries have witnessed a dramatic increase of income inequality in the past three decades. This paper addresses the question of whether income inequality is associated with the population prev...

by | On 31 May 2018

Accessing Opportunities: Policy Decisions for Enhancing Urban Mobility

This paper first considers the challenges of urban mobility faced by developing cities, before exploring the role for policy in improving connectivity. In Section 2, this paper looks at options for...

by Paul Collier | On 30 May 2018

Social Sector Expenditure of States Pre & Post Fourteenth Finance Commission ( 2014 - 15 & 2015 - 16 )

This paper seeks to analyze the change in total central transfers to the States and its impact on expenditure on Social Sector in 2015-16(post FFC period) in comparison with 2014-15(pre-FFC pe...

by | On 28 May 2018

Examining the state level heterogeneity of public health expenditure in Indi a: an empirical evidence from panel data

This study explores the relationship over an extended period of time between an increase in per capita public health expenditure and per capita state’s domestic product (per capita inc...

by Deepak Kumar Behera | On 16 May 2018

The impact of macroeconomic policies on the growth of public health expenditure: An empirical assessment from the Indian states

The impact assessment of macroeconomic policies on public health expenditure is very relevant in Indian economy because of tax reform, fiscal consoli- dation, and expenditure policy reform. These h...

by | On 11 May 2018

Growth and Childbearing in the Short- and Long-Run

Despite being key to theories of economic growth and the demographic transition, evidence on how fertility responds to aggregate income change is mixed. We analyze economic growth and fertility chan...

by | On 08 May 2018

Demographics and FDI: Lessons from China’s One-Child Policy

Lucas (1990) argues that the neoclassical adjustment process fails to explain the relative paucity of FDI inflows from rich to poor countries. In this paper we consider a natural experiment: using Ch...

by | On 02 May 2018

Cold Chain Development for Fruits & Vegetables in India

This supply chain allows us to analyze the time- and distance-related aspects of cold-chain investment.

by Man Mohan Sodhi | On 27 Apr 2018

Agricultural Productivity Shocks, Labor Reallocation, and Rural-Urban Migration in China

This paper analyses the way households in rural China use rural-urban migration and off-farm work as a response to negative productivity shocks in agriculture. I employ various waves of a longitudin...

by Luigi Minale | On 04 Apr 2018

Human Capital and Income Equality

This study investigates empirically how human capital, measured by educational attainment, is related to income distribution. The regressions, using a panel data set covering a broad range of countr...

by | On 30 Mar 2018

Education and Earnings In Pakistan

The conventional theory of human capital developed by Becker (1962) and Mincer (1974) views education and training as the major sources of human capital accumulation that, in turn, have direct and pos...

by Zafar Mueen Nasir | On 29 Mar 2018

The Underground Economy and Tax Evasion in Pakistan: A Fresh Assessment

Recently, not only economists but also sociologists, political leaders, policy-makers, non-governmental organizations, and the press are taking a lively interest in the size of the under ground econom...

by Zafar Iqbal | On 28 Mar 2018

The Role of Total Factor Productivity Growth in Middle-Income Countries

We examine the importance of total factor productivity (TFP) growth in middle-income countries based on cross-country panel data for the period 1975–2014. We find that TFP growth contributed signific...

by | On 23 Mar 2018

Exchange Rate Instability and Trade: The Case of Pakistan

The paper says that the exchange rate is a vital macroeconomic variable and backbone of trade.

by M. Ali Kemal | On 19 Mar 2018

Fiscal Policy, as the “Employer of Last Resort”: Impact of MGNREGS on Labour Force Participation Rates in India

The paper examines the impact of conditional fiscal transfers on public employment across gender in India taking the case of the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS). Th...

by Lekha Chakraborty | On 19 Mar 2018

Would UDAY Brighten Up Rajasthan Finances?

Ujwal DISCOM Assurance Yojana (UDAY) required number of State governments to take over debt of power distribution companies in their books of accounts. Though this one time intervention made both debt...

by Pinaki Chakraborty | On 19 Mar 2018

Fiscal Policy Effectiveness and Inequality: Efficacy of Gender Budgeting in Asia Pacific

Gender budgeting is a fiscal approach that seeks to use a country’s national and/or local budget(s) to reduce inequality and promote economic growth and equitable development. While literature has exp...

by Lekha Chakraborty | On 16 Mar 2018

Global Downturn and Export Sector in India: Impact on Production, Export and Employment

The paper says that the recent (2007–09) global financial meltdown and the related economic recession are seen as the worst since the Great Depression of 1930s.

by S.K. Sasikumar | On 12 Mar 2018

Measuring the Equilibrium Impacts of Credit: Evidence from the Indian Microfinance Crisis

In October 2010, the state government of Andhra Pradesh, India issued an emergency ordinance, bringing microfinance activities in the state to a complete halt and causing a nation-wide shock to the li...

by Emily Breza | On 10 Mar 2018

Managing Financial Globalization: Insights from the Recent Literature

This paper seeks to draw lessons for developing countries based on a survey of the recent literature on financial globalization. First, while capital account openness holds promises (by potentially lo...

by Shang-Jin Wei | On 10 Mar 2018

Prenatal Exposure to Shocks and Early-Life Health: Impact of Terrorism and Flood on Birth Outcomes in Pakistan

The current paper tries to fill this gap by investigating the impact of floods on pregnancy and birth outcomes across conflict-affected and unaffected districts in Pakistan.

by Baishali Goswami | On 08 Mar 2018

Business Cycle Measurement in India

This paper presents the business cycle chronology for the Indian economy. Two distinct phases are analysed. The pre-1991 period when the cycles were mainly driven by monsoon shocks. The post 1991 phas...

by Radhika Pandey | On 03 Mar 2018

Regaining the Constitutional Identity of the Finance Commission: A Daunting Task for the Thirteenth Commission

The paper argues that the Thirteenth Finance Commission has got to find its own track if it does not want to remain as a pale shadow of its constitutional self. It should ignore those terms of referen...

by K.K. George | On 28 Feb 2018

The Growth Slowdown and the Working of Inflation Targeting in India

The paper presents a variety of indicators to show that demand constrained output during the period of growth slowdown 2011-17. It also draws on research to show the macroeconomic structure of the eco...

by Ashima Goyal | On 22 Feb 2018

Centre-State Relations, Finance Commissions and Kerala’s Fiscal Crisis

The paper takes a look at the past record of vertical transfers viz., transfers from the Centre to the States as a whole.

by K.K. George | On 16 Feb 2018

Fiscal Management in Kerala: Constraints and Policy Options

The paper says that this pattern of financing fiscal deficit is reflected in the changing composition of Kerala’s public debt.

by K.K. George | On 15 Feb 2018

State Level Fiscal Reforms in India: Some Core Issues

This paper has introduced instability in the budgets and has added to the burden of public debt.

by K.K. George | On 15 Feb 2018

Determinants of R&D Behavior of Foreign Firms in India

In the recent past researchers have observed paradigm shifts in the location and nature of R&D activities undertaken by multinationals in host countries. India is one of the host countries for the R...

by Savita Bhat | On 13 Feb 2018

Budget 2018: Highlights of the Draft FY2018 Japan Budget

FY2018 budget, the budget for final year of the intensive reform period set in the Fiscal Consolidation Plan, continues to pursue both economic revitalization and fiscal consolidation.

by | On 09 Feb 2018

In the Long Run We are Dead, says Keynes Amen, says the Government!

This is a dreamy and populist Budget talking high numbers while missing out on empirical realities. The irony is that, looked at closely, it has neither pleased the free market theorists nor has it do...

by K.R. Shyam Sundar | On 09 Feb 2018

Of Hits and Misses: An Analysis of Union Budget 2018-19

The report presents a comprehensive analysis of the budgetary provisions for important social sectors and the vulnerable sections of the population. It also presents an overview of the fiscal indicat...

by Centre for Budget and Governance Accountability CBGA | On 05 Feb 2018

BMC Budget 2018: Budget Estimates E

The estimates of income, receipts and expenditure for the financial year 2018-19 with respect to the budget “E” (Primary Education) Fund Code – 30, as required under the provisions of section 126C...

by Ajoy Mehta | On 05 Feb 2018

State of State Finances 2018

Several states such as Delhi, Punjab, Haryana, Maharashtra, Tamil Nadu and Karnataka raise a majority of their revenue from their own taxes. On the other hand, Jammu and Kashmir, Assam, and Bihar rai...

by Mandira Kala | On 01 Feb 2018

Economic Survey 2017: Volume II, Chapter 7: Agriculture and Food Management

Agriculture and allied sector has a critical role in ensuring food security, reducing poverty and sustaining growth in India. To improve productivity in agriculture the focus has been on the critica...

by Arun Jaitley | On 31 Jan 2018

Economic Survey 2017: Volume I, Chapter 6: Climate, Climate Change, and Agriculture

Using district-level data on temperature, rainfall and crop production, this chapter documents a long-term trend of rising temperatures, declining average precipitation, and increase in extreme prec...

by Arun Jaitley | On 31 Jan 2018

Economic Survey 2017: Volume II, Chapter 10: Social Infrastructure, Employment and Human Development

The report says that investment in human capital is a prerequisite for a healthy and productive population for nation building.

by Arun Jaitley | On 31 Jan 2018

Economic Survey 2017: Volume II, Chapter 2: Review of Fiscal Developments

Sound public financial management has been one of the pillars of India’s macro-economic stability in the last three years. Based on this firm footing, the Government, in partnership with the States,...

by Arun Jaitley | On 31 Jan 2018

Economic Survey 2017: Volume I, Chapter 4: Reconciling Fiscal Federalism and Accountability: Is there a Low Equilibrium Trap?

Long-run institutional development co-evolves with fiscal accountability involving, perhaps requiring, a low and declining dependence on devolved resources and a high and rising share of direct taxe...

by Arun Jaitley | On 31 Jan 2018

Fiscal Devaluations

We show that even when the exchange rate cannot be devalued, a small set of conventional fiscal instruments can robustly replicate the real allocations attained under a nominal exchange rate devalua...

by | On 25 Jan 2018

Technological Change, Automation and Employment: A Short Review of Theory and Evidence

A selective survey of recent papers in the area of technological change, automation and employment is presented. The objective is to convey analytical ideas and the empirical evidence that have inform...

by K. V. Ramaswamy | On 16 Jan 2018

Inequality, Employment and Public Policy

This paper examines dimensions of inequality including labour market inequalities and discusses public policies needed for reduction in inequalities. It discusses both inequality of outcomes and inequ...

by S.Mahendra Dev | On 16 Jan 2018

Willingness to Pay for Good Quality, Uninterrupted Power Supply in Madhya Pradesh, India

This study undertakes a contingent valuation survey using a stratified random sample of 2083 households in rural Madhya Pradesh, India, with the objective of estimating the benefits of an improved ele...

by | On 21 Dec 2017

Can Cheap Oil Hurt Net Importers? Evidence from the Philippines

This paper evaluates the impact of oil price shocks on the Philippines—a developing country and a net oil-importing economy.

by Arlan Brucal | On 15 Dec 2017

Mechanics of Replacing Benefit Systems with a Basic Income: Comparative Results from a Microsimulation Approach

Recent debates of basic income (BI) proposals shine a useful spotlight on the challenges that traditional forms of income support are increasingly facing, and highlight gaps in social provisions that...

by James Browne | On 15 Dec 2017

Characterization Of Agricultural Workers In The Philippines

The paper narrates that the inclusive growth requires boosting incomes of workers currently in agriculture, either by shifting them to better-paying jobs outside agriculture or raising wages within ag...

by Roehlano M. Briones | On 13 Dec 2017

PIDS Calls For ‘Intelligent’ Discourse On Federalism

The study says that the policymakers should see merit in examining whether federalism can indeed address the sociopolitical and economic problems that hamper the country’s growth.

by PIDS Information Staff | On 11 Dec 2017

Response of Firms to Listing: Evidence from SME Exchanges

Public equity markets have increasingly become accessible to small and medium firms with the introduction of dedicated exchange that lower listing criteria to allow such firms to list their equity. Th...

by | On 11 Dec 2017

Relationship Between Fiscal Deficit Composition and Economic Growth in India: A Time Series Econometric Analysis

High and persistent fiscal deficit is one of the major macroeconomic problems in India since the mid-1980s. Fiscal consolidation is in the forefront of policy discussion in India not only at present b...

by | On 04 Dec 2017

Temperature Effects on Productivity and Factor Reallocation: Evidence from a Half Million Chinese Manufacturing Plants

This paper uses detailed production data from a half million Chinese manufacturing plants over 1998-2007 to estimate the effects of temperature on firm-level total factor productivity (TFP), factor in...

by Peng Zhang | On 28 Nov 2017

Adverse Welfare Shocks and Pro-Environmental Behaviour: Evidence from the Global Economic Crisis

This paper examines the effects of the 2008–09 global economic crisis on people’s pro-environmental behaviour and willingness to pay for climate change mitigation. The paper hypothesise that the crisi...

by Artjoms Ivlevs | On 28 Nov 2017

The Determinants of Virtue: Modelling Changes in the CSR Ratings of Chinese Firms

Most empirical studies on Corporate Social Responsibility (CSR) use cross-sectional data or case studies, making causality hard to establish. The paper overcomes this limitation by using panel data on...

by Shuangqi Wu | On 23 Nov 2017

The Effect of Public Sector Development Expenditures and Investment on Economic Growth: Evidence from Pakistan

The study will use data from 1980-81 to 2015-16 in this regard and employ Johansen cointegration to investigate the long run relationship.

by Syed Ahmed | On 20 Nov 2017

Creating Good Employment Opportunities for the Rural Sector

This paper examines the potential for sector-specific productivity growth, human capital, credit markets, and infrastructure to contribute to the development of stable, well-paid employment in rural a...

by | On 20 Nov 2017

Impact of Human capital on Economic Growth: Evidence from Pakistan

The papers says that there is a need to invest in educational sector to maximize the human capital, which not only helps in economic growth but also contributes to economic development of the country.

by Syed Kazmi | On 17 Nov 2017

24/7 Normalized Water Supply through Innovative Public–Private Partnership: Case Study from Ilkal Town, Karnataka, India

Public–private partnerships (PPPs) are seen, in particular by the Government of India, as a mechanism to improve the performance of utilities and generate efficiency gains in the delivery of water ser...

by Asian Bank | On 15 Nov 2017

Management of Capital Flows in India

Increased integration with global financial markets has amplified the complexity of macroeconomic management in India. The diverse objectives of a robust growth rate, healthy current account deficit,...

by Abhijit Sen Gupta | On 13 Nov 2017

Capital Flows and Financial Stability in Emerging Economies

There is mixed evidence for the impact of international capital flows on financial sector's stability. This paper investigates the relationship between components of gross capital flows and various fi...

by | On 10 Nov 2017

India Power Supply Position 2010

The generation is insufficient to meet the demand, resulting in a shortfall of both peak capacity as well as energy overall (officially 12.6% and 9.9%, respectively).

by Rahul Tongia | On 02 Nov 2017

Daily Stock Market Movements: From the Lens of News and Events

This study analyzes the effect of daily movements in KSE-100 Index due to different policies announced as well as incidents/events happened in the country.

by Shahid Raza | On 31 Oct 2017

New Issues Puzzle: Experience from Karachi Stock Exchange

Study finds that both groups of IPOs outperforms on first trading day, as average initial market adjusted returns of SOE and non-SOE IPOs are 27.65 percent and 22.53 percent respectively.

by Henna Malik | On 30 Oct 2017

Low Carbon and Climate Resilient Irrigation Pumping in Karnataka - Challenges and Prospects

The report says that, Karnataka is the second most arid state in the country.

by Mohd. Ali | On 11 Oct 2017

Trade Misinvoicing: What can we measure?

The existing studies on trade misinvoicing have focussed on the discrepancy in reported trade statistics between developing and developed countries. The estimates based on such methods rely on the ass...

by Suranjali Tandon | On 10 Oct 2017

Measuring Competition in the Banking Sector of Pakistan: An Application of Boone Indicator

The banking sector of Pakistan has witnessed a notable transformation in its structure and business activities following the implementation of financial sector reforms since the early 1990s. Specific...

by Mahmood ul Hasan Khan | On 09 Oct 2017

The Macroeconomic Benefits of Tax Enforcement in Pakistan

The benefits of improved tax enforcement in Pakistan through simulations of a model of the Pakistani economy is studied. We begin by documenting that the effective tax rate facing firms is increasin...

by Ethan Ilzetzki | On 04 Oct 2017

Bolder Disinvestment or Better Performance Contracts? Which Way Forward for India’s State-Owned Enterprises

This paper analyses the performance of India’s Public Sector Undertakings (PSUs) using measures of labour and overall efficiency and productivity indicators as opposed to financial returns. Using meth...

by Ajay Chhibber | On 03 Oct 2017

Elasticity and Buoyancy of Taxation in Nepal: A Revisit of the Empirical Evidence

In this paper, we use autoregressive distributed lag (ARDL) approach to cointegration developed by Pesaran et al. (1999) to estimate the elasticity and buoyancy coefficients of various revenue heads.

by Nepal Rastra Bank Research Department NRB | On 28 Sep 2017

Non-Performing Assets in Indian Banks: This Time it is Different

Growing non-performing assets is a recurrent problem in the Indian banking sector. Over the past two decades, there have been two such episodes when the banking sector was severely impaired by balance...

by Rajeswari Sengupta | On 18 Sep 2017

Estimating the Relationship between the Current Account, the Capital Account and Investment for India

Causality from the capital account (KA) to the current account (CA) of the balance of payments indicates disruption from capital flows while the reverse can indicate smooth financing of the CA that al...

by Ashima Goyal | On 15 Sep 2017

Structural Change and Labour Productivity Growth in India: Role of Informal Workers

Labour productivity in an economy or industry may increase due to intrinsic increase in productivity (due to capital deepening or TFP growth) or due to the reallocation of workers to more productive s...

by Rosa Abraham | On 11 Sep 2017

Evaluation of Fiscal Incentives in the Philippines

This paper (1) assesses how the Philippines fares in attracting investments compared with its neighboring countries, and (2) evaluates pending incentive reforms in the country.

by Danileen Kristel C Parel | On 04 Sep 2017

How Inequality Hurts Growth: Revisiting the Galor‐Zeira Model Through a Korean Case

This paper aims to show that the level of inequality increases via the human capital channel with credit market imperfections generating negative effects on economic growth. We expand the model presen...

by Bogang Jun | On 28 Aug 2017

Indian Defence Budget 2016-17: A Curtain Raiser

The report narrates about, should India’s national defence budget be discussed and deliberated in public domain?

by Deba Mohanty | On 28 Aug 2017

Current Challenges for the Economy and Priorities of the New Government

As this paper has observed that the macro fundamentals were indeed pointing to this slowdown, notwithstanding the smart recovery in two years of 2009-2011, immediately after the global economic meltdo...

by S Jagadeesan | On 25 Aug 2017

India-Singapore CECA An Appraisal

The Comprehensive Economic Cooperation Agreement (CECA) between India and Singapore came into effect on 1st August 2005. It was the first such comprehensive FTA signed by India with any country coveri...

by V. S. Seshadri | On 24 Aug 2017

Manufacturing Centric Fiscal Policy

The report says that the manufacturing sector has significant fiscal policy implications.

by M. Singhi | On 24 Aug 2017

Making Rapid Strides Agriculture in Madhya Pradesh: Sources, Drivers, and Policy Lessons

This paper study the composition, sources and drivers of agricultural growth in Madhya Pradesh to identify the factors that have contributed to robust agricultural growth in the state and discuss the...

by Ashok Gulati | On 11 Aug 2017

Devolution, Democracy and Development in Kenya

The report says that the practice of local democracy has so far mirrored the problems at the national level, with vote-buying, compromised primaries and allegations of vote-rigging in many gubernatori...

by Agnes Cornell | On 10 Aug 2017

Promoting Organic Food Products and Exports - Status, Issues and Way Forward

This paper, based on a primary survey of companies engaged in organic food business in India and the United Kingdom (UK), examines how organic food can attract more investment (domestic and foreign) a...

by Arpita Mukherjee | On 08 Aug 2017

Report of The Committee to Review Governance of Boards of Banks in India

The Report projects, under different scenarios, the capital requirements till March 2018 in order that provisions are prudent, there is adequate balance sheet growth to support the needs of the econom...

by Reserve Bank of India RBI | On 08 Aug 2017

Corporate Leverage in EMEs: Has the Global Financial Crisis Changed the Determinants?

Has the global financial crisis changed the pivotal determinants of corporate leverage in EMEs? This paper attempts to address this issue using a panel-GMM framework and quantile-analysis for 10 maj...

by Snehal S. Herwadkar | On 04 Aug 2017

Risk-weighting under Standardised Approach of Computation of Capital for Credit Risk in Basel Framework – An Analysis of Default Experience of Credit Rating Agencies in India

The paper attempts to find out whether the credit risk regulatory capital of Indian banks is commensurate with the default experience associated with ratings assigned by the Indian rating agencies. Th...

by Ajay Kumar Choudhary | On 04 Aug 2017

Mapping the cotton value chain in Pakistan: A preliminary assessment for identification of climate vulnerabilities & pathways to adaptation

This approach was chosen to understand the consequences of climate risks as well as the adaptation measures needed to cope with adverse impacts in order to ensure the resilience of all actors involved...

by Samavia Batool | On 01 Aug 2017

Does Government Borrowing Crowd out Private Sector Credit in Pakistan

An analysis of the impact of government borrowing from the scheduled banks on the credit to private sector in Pakistan, using monthly data from 1998:M6 to 2015:M12. We find that a one percentage poi...

by Sajjad Zaheer | On 31 Jul 2017

24x7 Power for All: Strategies for Karnataka

The report concludes with the strategies that Karnataka should focus on in order to achieve the objectives of 24x7 Power for All.

by Center for Study of Science, Technology and Policy CSTEP | On 31 Jul 2017

Input–Output Table for India: 2013-14

The input–output table for India has been constructed for the year 2013-14 consistent with the National Accounts estimates given in the National Accounts Statistics (NAS) 2015, while the supply use ta...

by Kanhaiya Singh | On 30 Jul 2017

Causal Impact of the Adoption of Soil Conservation Measures on Farm Profit, Revenue and Variable Cost in Darjeeling District, India

This study attempts to evaluate the effects of on-farm soil conservation practices on farm profit and its components, revenue, and variable cost. Since farmers self-select themselves as adopters of a...

by Chandan Singha | On 27 Jul 2017

Gender Equality Results Case Study: India - Urban Water Supply and Environmental Improvement Project

The Urban Water Supply and Environmental Improvement Project sought to provide basic services of water supply, sanitation, and garbage collection and disposal in four cities in Madhya Pradesh, India.

by Asian Development Bank Institute | On 26 Jul 2017

2014 Clean Energy Investments: Project Summaries

This report summarizes the investments in clean energy made by the operations departments of the Asian Development Bank (ADB) in 2014.

by Asian Development Bank Institute | On 26 Jul 2017

Gender Equality Results Case Study: Bangladesh - Small and Medium-Sized Enterprise Development Project

The report narrates that in Bangladesh, women-owned SMEs have different characteristics when compared with men-owned SMEs and tend to face specific challenges and obstacles.

by Asian Development Bank Institute | On 25 Jul 2017

Gender Equality Results Case Study: Nepal - Community-Based Water Supply and Sanitation Sector Project

The project developed a gender, caste, and ethnicity (GCE) strategy that sought to ensure the participation of women and ethnic minorities in decision-making processes, as well as their increased repr...

by Asian Development Bank Institute | On 25 Jul 2017

The Effect of Oil Shocks and Cyclicality in Hiding Indian Twin Deficits

The paper estimates the relationship between the current account and fiscal deficit, and the real exchange rate, in a structural vector auto regression, with Indian data for the managed float period 1...

by Ashima Goyal | On 22 Jul 2017

Making Money Work: Financing a Sustainable Future in Asia and the Pacific

This report explores some of the ways forward. It highlights not just the need to inject more money into investments that contribute to sustainable development, but also to attract funds toward them—t...

by Asian Development Bank Institute | On 21 Jul 2017

Domestic Value Added Content of India's Exports: Estimates for 112 Sectors, 1999-2000 to 2012-13

Using Input-Output (IO) analysis, this study provides the time series estimates of domestic value added (DVA) content of India's merchandise and services exports for the period 1999-2000 to 2012-13 an...

by Veeramani C | On 21 Jul 2017

Local Currency Bonds and Infrastructure Finance in ASEAN+3

This study was undertaken under ABMI. It addresses two key questions: (i) Why is local currency bond financing not more widely used for infrastructure projects in ASEAN+3? and (ii) What can be done to...

by Asian Development Bank Institute | On 18 Jul 2017

Assessing Financial Protection against Disasters: A Guidance Note on Conducting a Disaster Risk Finance Diagnostic

The purpose of this note is to help development practitioners gather relevant information, conduct analysis, and present both in a standardized diagnostic framework. In addition to the guidance note i...

by Asian Development Bank Institute | On 14 Jul 2017

Aid for Trade in Asia and the Pacific: Promoting Connectivity for Inclusive Development

This report highlights emerging trends in AfT in the context of evolving trade performance in Asia and the Pacific.

by Asian Development Bank Institute | On 13 Jul 2017

Facilitating Foreign Exchange Risk Management for Bond Investments in ASEAN+3

The report says that the bond investors typically have a long position in local currency bond markets. To manage their foreign exchange risk, they may want to hedge that exposure for a period of time.

by Asian Development Bank Institute | On 12 Jul 2017

Asia Small and Medium-sized Enterprise (SME) Finance Monitor 2014

This publication reviews various country aspects of SME finance covering the banking sector, nonbank sector, and capital markets. It is expected to support evidence-based policy making and regulations...

by Asian Development Bank Institute | On 11 Jul 2017

Trust Funds and Fiscal Risks in the North Pacific: Analysis of Trust Fund Rules and Sustainability in the Marshall Islands and the Federated States of Micronesia

This report focuses on the relatively complex account structure and drawdown rules of the two funds, which are the same in the CTFs of the RMI and the FSM. Using an investment return simulation model,...

by Asian Development Bank Institute | On 30 Jun 2017

Cambodia: Addressing the Skills Gap

The report says that Cambodia’s growth in the last 20 years has been remarkable and the lives of its people have improved substantially. But low-cost labor advantages on a narrow economic base have dr...

by Asian Development Bank Institute | On 30 Jun 2017

Challenges and Opportunities for Skills Development in Asia: Changing Supply, Demand, and Mismatches

This report identifies six key shifts and trends that have had critical implications on either skills supply and/or skills demand in Asia, thereby straining the previous alignment in this regard.

by Sungsup Ra | On 27 Jun 2017

Asian Economic Integration Report 2015: How Can Special Economic Zones Catalyze Economic Development?

The report is an annual review of Asia’s regional economic cooperation and integration. It covers the 48 regional members of the Asian Development Bank. This issue includes Special Chapter: How Can Sp...

by Asian Development Bank Institute | On 23 Jun 2017

Asia Bond Monitor - June 2017

This issue of the Asia Bond Monitor includes two special discussion boxes. Box 1 discusses the risks to emerging Asia’s financial stability under tightening global liquidity conditions. Box 2 discusse...

by Asian Development Bank Institute | On 23 Jun 2017

Balancing the Burden? Desk Review of Women’s Time Poverty and Infrastructure in Asia and the Pacific

This desk review explores the links between infrastructure development and women’s time poverty in Asia and the Pacific by drawing on time-use data and reviewing existing research and evidence from im...

by Asian Development Bank Institute | On 22 Jun 2017

Transitions to K–12 Education Systems: Experiences from Five Case Countries

The paper says that preparing and implementing a K–12 transition absorbs considerable financial and human resources. It follows that the reasons for restructuring must be compelling.

by Jouko Sarvi | On 21 Jun 2017

Human Capital Development in the People’s Republic of China and India: Achievements, Prospects, and Policy Challenges

This report draws lessons from how Asian economic giants India and the People’s Republic of China leveraged education and skills development to advance economic growth.

by Asian Development Bank Institute | On 20 Jun 2017

Achieving Skill Mobility in the ASEAN Economic Community: Challenges, Opportunities, and Policy Implications

This report examines the challenges ASEAN member states face in achieving the goal of greater mobility for the highly skilled, including hurdles in recognizing professional qualifications, opening up...

by Demetrios G. Papademetriou | On 16 Jun 2017

The Asian Bond Markets Initiative: Policy maker achievements and challenges

This paper also provides recommendations for addressing new sources of market volatility and other challenges within and outside the framework of the Asian Bond Markets Initiative.

by Asian Development Bank Institute | On 15 Jun 2017

Fossil Fuel Subsidies in Asia: Trends, Impacts, and Reforms - Integrative Report

This report measures the size of associated subsidies on these fossil fuels including direct transfers, tax exemptions, subsidized credit, and losses of state enterprises in India, Indonesia, and Thai...

by Asian Development Bank Institute | On 14 Jun 2017

Enhancing Community-Driven Development through Convergence: A Case Study of Household- and Community-Based Initiatives in Philippine Villages

The study examines the Philippine government’s convergence initiative, and how it relates to community-driven development (CDD) that can impact rural communities in the Philippines.

by Asian Development Bank Institute | On 09 Jun 2017

2015 Clean Energy Investments: Project Summaries

This report summarizes the investments in clean energy made by ADB in 2015, condensing information from project databases and formal reports in an easy-to-reference format. This report was prepared by...

by Asian Development Bank Institute | On 08 Jun 2017

ASEAN Corporate Governance Scorecard Country Reports and Assessments 2014

In this fourth round of the Association of Southeast Asian Nations (ASEAN) Corporate Governance initiative of the Asian Development Bank and the ASEAN Capital Markets Forum, over 500 top publicly list...

by Asian Development Bank Institute | On 05 Jun 2017

Asian Development Outlook 2016 Supplement: Asia's Growth Prospects Undimmed by Brexit Vote

Growth in Central Asia is weaker than predicted, while expansion in the Pacific is now expected to be a touch higher. Forecasts are unchanged for East, South, and Southeast Asia. While the Brexit vote...

by Asian Development Bank Institute | On 02 Jun 2017

Myanmar Transport Sector Policy Note: Railways

The immediate priority must be to implement policies that will enable MR to retain as much of its current market as is economically justified over the next 5–10 years, while ensuring its finances are...

by Asian Development Bank Institute | On 31 May 2017

Envisioning Tax Policy for Accelerated Development in India

The objective of the paper is to highlight the reforms needed in the tax system to improve the revenue productivity of the tax system to conform to the vision of accelerating economic growth and dev...

by M. Govinda Rao | On 26 May 2017

Tajikistan: Promoting Export Diversification and Growth

Tajikistan has sustained high economic growth since its civil war ended in 1997. Real gross domestic product (GDP) during 1997–2015 grew at an average 7.2% a year, driven mainly by agriculture and ser...

by Asian Development Bank Institute | On 24 May 2017

Bangladesh: Consolidating Export-led Growth - Country Diagnostic Study

This study argues that some of the policies that allowed Bangladesh to prosper in the last few years will become less effective, and the economy will need to “switch gears” to consolidate the growth m...

by Asian Development Bank Institute | On 23 May 2017

Financing Asian Irrigation: Choices Before Us

The paper says irrigation schemes in the region are aging and underperforming, and, with land in short supply, there is little scope for creating major new schemes. Persistent inability to attract ade...

by Asian Development Bank Institute | On 19 May 2017

Structural Change and Moderating Growth in the People’s Republic of China: Implications for Developing Asia and Beyond

The paper states that the People’s Republic of China (PRC) is currently undergoing a number of important changes, which have wide-ranging implications for activity in the PRC, the rest of developing A...

by Asian Development Bank Institute | On 09 May 2017

Firing Up Regional Brain Networks: The Promise of Brain Circulation in the ASEAN Economic Community

The reports in this series draw on the insights of 387 regional and international experts and practitioners through their participation in focus group discussions, meetings, and surveys. Contributors...

by Jeanne Batalova | On 08 May 2017

Earth Observation for a Transforming Asia and Pacific

This report summarises the main results of the initiative Earth Observation for a Transforming Asia and Pacific (EOTAP) that brought together our two institutions – the European Space Agency (ESA) an...

by Asian Development Bank Institute | On 05 May 2017

Asia Bond Monitor - March 2017

This issue of the Asia Bond Monitor includes three special discussion boxes. Box 1 discusses the risk of Federal Reserve rate hikes to emerging Asia’s financial stability. Box 2 analyzes the risks to...

by Asian Development Bank Institute | On 05 May 2017

India Skills Report 2017

India Skills Report 2017 is an report that aims to support this initiative; by providing a stock of the talent landscape of India and supporting in charting the future direction of matchmaking. Curren...

by United Nations Development Programme [UNDP] | On 15 Mar 2017

Budget 2017-18: Business as Usual

Budget 2017-18 was presented at the time when the global situation is inhospitable, marked with protectionism and domestic environment is constrained by the twin balance sheet crisis. The investment ...

by M Govinda Rao | On 10 Mar 2017

Haryana Budget : 2017-18

Haryana Budget presented by Hon'ble Minister Capt. Abhimanyu.

by Haryana Government | On 07 Mar 2017

Kerala Budget 2017-18

Kerala budget presented by Hon.Finance Minister Thomas Issac.

by T.M. Thomas Issac | On 06 Mar 2017

Unexplored “Bill of Rights” : A Magna Carta for Gender Justice and Budgeting in India

This paper explores the “Bill of Rights” in the Justice Verma Committee Report as an analytical framework for gender budgeting in justice. Gender budgeting in justice, as a public good, needs effectiv...

by Lekha Chakraborty | On 03 Mar 2017

Development Planning and 'Urban' Context: Reflections on the Indian Scene

Through a broad portrayal of character of its development, changing urban patterns, nature of urban economic structure and contents of urban development policies, this paper takes a political econom...

by Biswaroop Das | On 17 Feb 2017

What Do the Numbers Tell? An Analysis of Union Budget 2017-18

Budget 2017-18 is placed at an important juncture when there has been a thrust by the government for a digitised and a consequent cashless economy with the demonetisation of high value currency note...

by Centre for Budget and Governance Accountability CBGA | On 03 Feb 2017

Latest Highlights of Union Budget Rally 2017

These are the latest union budget highlights. Gear up to enjoy subsidies, pay newer taxes and enjoy greater freedom, as that covers a major part of the Union Budget 2017.

by | On 01 Feb 2017

Budget Speech 2017-18

Budget speech by Finance Minister of India, Mr.Arun Jaitley.

by Arun Jaitley | On 01 Feb 2017

Stakeholders' Engagements with the Community Health Worker: The Accredited Social Health Activist (ASHA)

In India the Community Health Worker has long been a part of health care services for rural populations across the voluntary sector. As far as India?s public health sector is concerned, Community Heal...

by Kavita Bhatia | On 27 Jan 2017

Safety of Women in Public Spaces in Delhi: Governance and Budgetary Challenges

The study attempts to highlight some of the major hurdles in Delhi’s governance and fiscal policy in ensuring the safety of women in public spaces. Though violence against women is widespread and oc...

by Kanika Kaul | On 27 Jan 2017

Fertility, Mortality and Environmental Policy

This article examines pollution and environmental mortality in an economy where fertility is endogenous and output is produced from labor and capital by two sectors, dirty and clean. An emission tax c...

by | On 24 Jan 2017

Missing from the Market: Purdah Norm and Women’s Paid Work Participation in Bangladesh

Despite significant improvement in female schooling over the last two decades, only a small proportion of women in South Asia are in wage employment. We revisit this puzzle using a nationally represen...

by | On 24 Jan 2017

The Influence of Gender Budgeting in Indian States on Gender Inequality and Fiscal Spending

This study investigates the effect of gender budgeting in India on gender inequality and fiscal spending. Gender budgeting is an approach to budgeting in which governments use fiscal policies and ad...

by Janet G Stotsky | On 23 Jan 2017

Rural - Urban Linkages in South Asia: Contemporary Themes and Policy Directions

The early literature on migrant urban communities emphasized the conditions and employment patterns of squatter residents who have emerged on the urban landscape. Only recently has attention shifted t...

by | On 23 Jan 2017

Federalism, Fiscal Space and Public Investment Spending: Do Fiscal Rules Impose Hard Budget Constriants?

The core emphasis of rules-based fiscal legislation at the subnational level in India is to achieve debt sustainability through a numerical ceiling on borrowing and the use of borrowed resources for...

by Pinaki Chakraborty | On 23 Jan 2017

Dealing with GST in the Union Budget 2017

Goods and Services Tax (GST) is a harmonized tax regime and it can curb black money through practicing clean "invoices" to redeem input credit. In the Union Budget 2017, central government may announc...

by Lekha Chakraborty | On 23 Jan 2017

Jammu and Kashmir Budget Analysis 2017-18

The Finance Minister of Jammu and Kashmir, Mr. Haseeb A. Drabu, presented the Budget for Jammu and Kashmir for financial year 2017-18 on January 11, 2017.

by Arvind Gayam | On 17 Jan 2017

Securing Property Rights in India Through Distributed Ledger Technology

India registered rapid economic growth over the past couple of years, with the GDP growing 7.6 percent in 2015-2016. While economic activity remains buoyant, however, the country still has a long way...

by | On 11 Jan 2017

Indian Variant of MTEF: The Scope and Opportunities to Develop an Effective Budget Planning Process

The paper examines the medium-term fiscal policy (MTFP) and a more conventional medium-term expenditure framework (MTEF) adopted in India under the provisions of the fiscal rules. The MTFP and the MTE...

by Pratap Ranjan Jena | On 10 Jan 2017

The Power of Social Pensions

This paper examines the impacts of social pension provision among people of different ages. Utilizing the county-by-county rollout of the New Rural Pension Scheme in rural China, we find that, among t...

by | On 10 Jan 2017

Impact of Climate Change on Rainfed Agriculture in India: A Case Study of Dharwad

The impact of climate change is studied in many aspects in different locations in the country and it is concluded that there is high impact on agriculture compared to any other sector in the country....

by | On 28 Dec 2016

Inflation in Pakistan: Money or Oil Prices

The study attempted to investigate the determinants of inflation in case of Pakistan and to check the validity of monetarist stance that inflation is always and everywhere a monetary phenomenon by i...

by Mehak Moazam | On 07 Dec 2016

Government’s Role in India’s Ailing Cold Storage Sector

Every year, India wastes about 18 per cent of fruits and vegetables, due to lack of post-harvest storage facilities. The cold storage sector has been one of the most undermined sectors in India, devo...

by Madhu Sivaraman | On 05 Dec 2016

Technology for Transformation

India is committed to solve many problems that it is facing today. the human condition can improve more here in the next two decades than anywhere in the world. And the benefit, to India and to the...

by Bill Gates | On 30 Nov 2016

The "Discouraged Worker Effect" in Public Works Programs:Evidence from the MGNREGA in India

This study investigates the consequences of poor implementation in public workfare programs, focusing on the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) in India. Using national...

by Sudha Narayanan | On 29 Nov 2016

What is Gender Budgeting: An Illustration though the Analysis of two Health-related Schemes in Karnataka (ThayiBhagya and Vajpayee ArogyashreeYojna)

Taking note of the limitations and challenges pertaining to gender budget exercise, the Government of Karnataka has set up a Task Force constituting of academics working in this area to review the p...

by Jyotsna Jha | On 29 Nov 2016

Asymmetric Impact of Relative Price Shocks in Presence of Trend Inflation

This study examines whether skewness of cross sectional distribution of relative price shocks has asymmetric impact on aggregate inflation. The empirical evidence from various countries suggests tha...

by Sartaj Rather | On 16 Nov 2016

Endogenous Leadership in a Federal Transfer Game

Conventional wisdom suggests that, to negate fiscal externalities imposed by provinces which spend too much and raise lower local resources, central authority should always be a first mover in the t...

by Bodhisattva Sengupta | On 14 Nov 2016

Cross-country Econometric Study on the Impact of Fiscal Incentives on FDI

The increasing level of competition for foreign direct investment (FDI) in the ‘90s triggered many countries to offer various fiscal incentives. Specifically, many Asian countries persistently keep...

by Ma. Laarni D. Revilla | On 11 Nov 2016

The Ease of Doing Business Rank: An Assessment of its Macroeconomic Relevance

This paper examines the macroeconomic impact of World Bank’s Ease of Doing Business (EDB) rank, of increasing importance to policy makers, using simple but robust cross-country regressions. Its main f...

by | On 27 Oct 2016

Glimpsing the End of Economic History? Unconditional Convergence and the Missing Middle Income Trap

This paper suggests a reinterpretation of global growth—encompassing notions of unconditional convergence and the middle income trap—in the past 50 years through the lens of growth theory. Two modes o...

by Sutirtha Roy | On 10 Oct 2016

Trade Shocks and the Provision of Local Public Goods

We analyze the impact of trade-induced income shocks on the size of local government, and the provision of public services. Areas in the US with declining labor demand and incomes due to increasing im...

by | On 10 Oct 2016

Financial Stability in a Weak Global Environment

Even almost eight years since resorting to the extraordinary monetary and fiscal measures to counter the after-effects of the Global Financial Crisis, authorities are still left wondering about rela...

by S.S. Mundra | On 10 Oct 2016

Recent Changes in the Fiscal Architecture in India and Implications for Financing Climate Change Interventions

The recent changes in the institutional and fiscal architecture of the country following the constitution of NITI Aayog and release of report of the Fourteenth Finance Commission, have implications...

by Centre for Budget and Governance Accountability CBGA | On 04 Oct 2016

Is there a Size-Induced Market Failure in Skills Training?

A skilled and educated workforce can support the competitiveness of enterprises of all sizes. However, smaller firms may face greater challenges in developing human capital. We explore differences b...

by Paul Vandenberg | On 04 Oct 2016

National Income Accounting When Firms Insure Managers: Understanding Firm Size and Compensation Inequality.

Among U.S. publicly traded firms, the average firm's capital share has declined, even though the aggregate capital share has increased. This paper attributes the secular increase taken together capita...

by Barney Glaser | On 22 Sep 2016

Two Centuries of Finance and Growth in the United States, 1790-1980

Do efficient financial markets and institutions promote economic growth? Have they done so in the past? This essay, to be included in the Handbook of Finance and Development (edited by Thorsten Beck a...

by Howard Bodenhorn | On 22 Sep 2016

Inter State River Water Disputes in India: A Geographical Analysis

Rivers are life line of the human being. Indian rivers are worshiped as a mother, because she cares the humanity and makes the ways easy for the people and living organism. Without the water no one ca...

by | On 20 Sep 2016

Agricultural Prices and Food Policy

Supply-demand imbalance at a given time is the main problem in India. Not much can be done with demand, as increase and shifting patterns in demand are normal with economic growth and urbanisation. St...

by C S C Sekhar | On 20 Sep 2016

The Labor Market Consequences of Refugee Supply Shocks

The continuing inflow of hundreds of thousands of refugees into many European countries has ignited much political controversy and raised questions that require a fuller understanding of the determina...

by George Borjas | On 20 Sep 2016

Water for India’s Poor: Who Pays the Price for Broken Promises?

The poor do not consume as much water as the rest of the population, but despite the promises, despite the bland assertions of politicians and policy makers, they can and frequently do pay for what li...

by | On 16 Sep 2016

Health Spending, Macroeconomics and Fiscal Space in Countries of the World Health Organization South-East Asia Region

The paper examines the issues around mobilization of resources for the 11 countries of the South-East Asia Region of the World Health Organization (WHO), by analysing their macroeconomic situation, he...

by | On 07 Sep 2016

Who Takes a Call on Price Stability, the Government or the RBI?

The question here is, whether it’s the responsibility of the Government or the Central Bank to ensure price stability in an economy? For instance, what was the role of the RBI when the prices of pulse...

by Deepthi Mary Mathew | On 07 Sep 2016

How Can India Help Prevent Food Price Volatility?

This article is about India's role in reducing food price volatility in the world. India has come a long way from a ‘ship to mouth existence’ to a country that is ready to confer legal right to food t...

by M. S. Swaminathan | On 02 Sep 2016

Abductive Reasoning in Macroeconomics

Macroeconomic analytical frameworks change with events they are unable to explain. The process is closer to abductive reasoning that is based on both events and analysis, unlike induction which is d...

by Ashima Goyal | On 31 Aug 2016

Food Security and Agricultural Development in Times of High Commodity Prices

Efforts to promote food security must distinguish between short-term and medium-term measures, but also between countries with agricultural potential and without such potential, argues this paper. Fur...

by | On 24 Aug 2016

Opening the Black Box of the Matching Function: The Power of Words.

How do employers attract the right workers? How important are posted wages vs. other job characteristics? Using data from the leading job board CareerBuilder.com, this paper shows that most vacancies...

by Ioana Marinescu | On 17 Aug 2016

The Dominant Borrower Syndrome: The Case of Pakistan

The pressure fiscal expansion exerts on the economy via credit markets in Pakistan is analysed. Melina and Villa (2014) is extended by allowing government to compete with the private borrowers (firms...

by Sajawal Khan | On 16 Aug 2016

Trade Liberalization and Regional Dynamics

We study the evolution of trade liberalization’s effects on local labor markets, following Brazil’s early 1990s trade liberalization. Regions that initially specialized in industries facing larger t...

by Rafael Dix-Carneiro | On 16 Aug 2016

Level versus Variability Trade-Offs in Wind and Solar Generation Investments: The Case of California

Hourly plant-level wind and solar generation output and real-time price data for one year from the California ISO control area is used to estimate the vector of means and the contemporaneous covarianc...

by | On 12 Aug 2016

Food Security, Inclusive Growth, Sustainability, and the Post-2015 Development Agenda

Over the next several decades, the world faces an historic challenge and opportunity at the nexus of food security, economic development, and the environment. The world needs to be food secure. The wo...

by Craig Hanson | On 10 Aug 2016

GST in India: Chasing a Mirage or Reality?

India is moving towards introducing a Goods and Services Tax (GST). The GST would be a multistage comprehensive value added tax (VAT) encompassing both goods and services. Given the federal structur...

by Sacchidananda Mukherjee | On 09 Aug 2016

Goods and Services Tax in India Taking Stock and Setting Expectations

The spread of Value Added Tax (VAT) or Goods and Services Tax (GST) system of Indirect taxes across the globe is showing an increasing trend with more than 160 countries, including 33 of the 34 member...

by | On 05 Aug 2016

First Discussion Paper on Goods and Services Tax in India

If the Value Added Tax (VAT) is considered to be a major improvement over the pre-existing Central excise duty at the national level and the sales tax system at the State level, then the Goods and Ser...

by Government of India | On 05 Aug 2016

Depreciation of Business R&D Capital

This paper develops a forward-looking profit model to estimate the depreciation rates of business R&D capital. By using data from Compustat, BEA, and NSF between 1987 and 2008, and the newly developed...

by Wendy Li | On 02 Aug 2016

External Validity in a Stochastic World

This paper examines the generalizability of internally valid estimates of causal effects in a fixed population over time when that population is subject to aggregate shocks. This temporal external val...

by Mark Rosenzweig | On 27 Jul 2016

Finders, Keepers?

Natural resource taxation and investment often exhibit cyclical behaviour, associated with shifts in political power. Why do finders get to keep more of their discoveries in some periods than others?...

by Niko Jaakkola | On 22 Jul 2016

RBC Methodology and the Development of Aggregate Economic Theory

This essay reviews the development of neoclassical growth theory, a unified theory of aggregate economic phenomena that was first used to study business cycles and aggregate labor supply. The focus of...

by Edward Prescott | On 21 Jul 2016

Chinese Returnees and High-tech Sector Outward FDI: The Case of Changzhou

The rapid growth and high levels of internationalization by Chinese firms, raise a natural interest in the study of the factors which have led the notable international presence of Chinese firms. In t...

by Zhao Chen | On 19 Jul 2016

Economic Reform and Social Sector Expenditures: A Study of Fifteen Indian States

This paper examines social sector expenditures in fifteen Indian states between 1980/81 and 1999/2000 to find out whether the far-reaching economic reforms that began in 1991 had any significant impac...

by | On 19 Jul 2016

Human capital potential of India’s future workforce

This paper discusses India’s demographic dynamics and argues that policymakers have the widest window of opportunity with that segment of population which is poised to enter the workforce between 2030...

by Ali Mehdi | On 14 Jul 2016

Financial Sector Legislative Reforms Commission (FSLRC) and Financial Sector Regulation in India

This paper examines the changes in regulation in four G7 countries post the financial sector breakdown of 2008 and suggestions made by the Financial Stability Board with respect to e.g. capital adequa...

by Jaimini Bhagwati | On 07 Jul 2016

Cyclicality of Social Sector Expenditures: Evidence from Indian States

This paper attempts to study the cyclical behaviour of social sector spending including that on education and health for the 17 non-special category states covering the period 2000-01 to 2012-13. It f...

by | On 30 Jun 2016

Water Resource Management and Sustainable Development

All living beings on earth need water for their daily life. As it is becoming scarce and the demand is increasing proper management of water is needed.

by Aakriti Singh | On 30 Jun 2016

Beautiful Minds: The Nobel Memorial Prize in Economics

This is that time of the year when the economics fraternity is abuzz with the news of potential winners of the prestigious prize in economics, the Nobel Memorial Prize. This will be the 45th year of a...

by Saibal Ghosh | On 30 Jun 2016

Global Commodity Prices and Inflation in a Small Open Economy

Global commodity prices surge of 2007-08 sent an inflationary shock across the countries. 2014 global prices descend resulted in significant disinflation in many countries and even deflation in some ...

by Muhammad Nadim Hanif | On 30 Jun 2016

Factors Determining Inbound and Outbound M&A in an Industry in India

This paper is an attempt to look at the industry level factors that determine the inward and outward FDI in an industry. The findings of the paper suggest that capital intensity of the industry has a...

by Chitra Singla | On 30 Jun 2016

Can Labour Market Imperfections Explain Changes in the Inverse Farm Size-Productivity Relationship?: Longitudinal Evidence from Rural India

To understand whether and how inverse relationship between farm size and productivity changes when labor market performance improves, we use large national farm panel from India covering a quarter-cen...

by IFPRI International Food Policy Research Institute | On 29 Jun 2016

Can Labor Market Imperfections Explain Changes in the Inverse Farm Size–Productivity Relationship? Longitudinal Evidence from Rural India

The existence of an inverse relationship between farm size and output per unit of land is well documented. However, little research focuses on if and how an inverse relationship between farm size and...

by Klaus Deininger | On 27 Jun 2016

Factors Determining the Roles Board Members Play in Firms

This paper studies how the directors play an important role in influencing board’s action and its effectiveness. This paper attempts to contribute to the existing literature. In this paper, propositio...

by Chitra Singla | On 27 Jun 2016

Ability Tracking and Social Capital in China’s Rural Secondary School System

The goal of this paper is to describe and analyze the relationship between ability tracking and student social capital, in the context of poor students in developing countries. Drawing on the results...

by Fan Li | On 23 Jun 2016

Coerced Labor in the Cotton Sector: How Global Commodity Prices (Don’t) Transmit to the Poor

This paper investigates the economic fortunes of coerced vs. free workers in a global supply chain. To identify the differential treatment of otherwise similar workers we resort to a unique exogenous...

by Alexander M. Danzer | On 22 Jun 2016

Financial Sector Legislative Reforms Commission (FSLRC) and Financial Sector Regulation in India

The Financial Sector Reforms Commission (FSLRC) which was set up in 2011 by the Ministry of Finance was mandated to study existing legislation and financial sector regulatory practices in India and...

by Jaimini Bhagwati | On 22 Jun 2016

Baseline Water Stress: China

This technical note describes the data and methodology used to calculate BWS-China, building on the methodology described in previous Aqueduct publications (Shiklomanov and Rodda 2014; Gassert et a...

by Jiao Wang | On 20 Jun 2016

Federal Budget of Pakistan 2016

Budget speech of Pakistan 2016-17.

by Mohammad Ishaq Dar | On 17 Jun 2016

Budget Speech Jammu and Kashmir: 2016-17

The Finance Minister of Jammu and Kashmir, Mr. Haseeb A. Drabu, presented the Budget for Jammu and Kashmir for financial year 2016-17 on May 30, 2016.

by Hasseeb A. Drabu | On 13 Jun 2016

The Revival of the Silk Roads (Land Connectivity) in Asia

This paper argues that contrary to popular belief, in the bygone era, there was not one but two Silk Roads in Asia – the Northern and the less well-known South-western Silk Road (SSR). The SSR connect...

by | On 10 Jun 2016

The Economics of Copyright and the Internet: Moving to an Empirical Assessment Relevant in the Digital Age

Technology and the Internet have triggered important changes to how creative works are created, accessed and how creators and copyright-based industries generate their revenues. In this chapter, the e...

by Sacha Wunsch-Vincent | On 08 Jun 2016

Contracting by Small Farmers in Commodities with Export Potential: Assessing Farm Profits of Lentil Growers in Nepal

This study is undertaken to quantify the benefits of contract farming (CF) on farmers’ income in a case where new market opportunities are emerging for smallholder farmers in Nepal. CF is...

by Anjani Kumar | On 07 Jun 2016

Global Commodity Prices and Inflation in a Small Open Economy

Global commodity prices surge of 2007-08 sent an inflationary shock across the countries. 2014 global prices descend resulted in significant disinflation in many countries and...

by Muhammad Nadim Hanif | On 06 Jun 2016

Water: Facts and Trends

This working document provides an overview of some basic facts and societal challenges related to water. The emphasis in this initial document is on water availability and people’s use of water for ag...

by | On 06 Jun 2016

Locked in a Low-Skill Equilibrium? Trends in Labour Supply and Demand in India

This paper analyzes aspects of supply and demand for labour in India using National Sample Survey data for the years 1983, 1993-94, 1999-2000 and 2004-05. With the possibility of a ‘demographic divide...

by Jayan Jose Thomas | On 03 Jun 2016

The GATS Atlas: Global Adult Tobacco Survey

The Global Adult Tobacco Survey (GATS) Atlas presents tobacco statistics from 22 countries in a visual formatting, using GATS data that cover nearly 60 percent of the world’s population. It describes...

by | On 31 May 2016

Earmarked Tobacco Taxes: Lessons Learnt from Nine Countries

This publication looks at the experience of nine countries that have an experience in earmarking tobacco tax revenues for health purposes. It describes the challenges, setbacks and achievements of tho...

by World Health Organisation (WHO) | On 31 May 2016

IT Vision @ UP 2012

The aim of the IT policy is: 1.To position Uttar Pradesh as the preferred IT/ITES investment destination in India 2. To leverage IT as an engine of growth for UP 3.To transform physical communit...

by Uttar Pradesh Government UP | On 27 May 2016

The Affordability of the Sustainable Development Goals : A Myth or Reality?

It is important to understand the fiscal capacity that underlies any potential mechanism to implement the social agenda of the SDGs, particularly if the international community wants to hold governmen...

by Victor Kwadwo | On 25 May 2016

Food vs Forests in Sub-Saharan Africa: A Challenge for the SDGs

Domestic food supply in sub-Saharan Africa (SSA) will need to triple in the next 35 years. But SSA countries have also committed to reducing or halting deforestation. The tripling of food supply canno...

by Xiaoting Jones | On 25 May 2016

Towards Sustainable Chocolate: Greening the Cocoa Supply Chain

This research report outlines the journey of the cocoa bean on its way to becoming chocolate, showing how sustainability requires all actors to play their role in greening of the whole supply chain –...

by | On 25 May 2016

Search for Resources in a High Income State: A Study of State Finances of Sikkim

The paper examines the public financial management (PFM) of Sikkim focusing mainly on resources generation effort and budget management practices. We note that any deviation from the Central transfers...

by Pratap R Jena | On 23 May 2016

Effects of Ownership Structure on Capital Structure of Indian Listed Firms: Role of Business Groups vis-a-vis Stand-Alone Firms

The objective of this study was to explore the relationship between promoter ownership and capital structure of firms using a sample of Indian publicly listed firms for the period from 2006 to 2013, d...

by Indrani Chakraborty | On 23 May 2016

Sustainable Consolidation: Suggesting the Way Ahead for Kerala

The paper examines the fiscal scene of Kerala, during the last one and a half decades, by looking at the trends in receipts and expenditure. It finds that a revenue led fiscal consolidation is the w...

by T.M. Thomas Issac | On 20 May 2016

Does Size Matter? The Productivity of Government Expenditures and the Size of States: Evidence from India

Some politicians argue for the splitting and combining of states to increase government productivity, but there is a dearth of empirical evidence on the optimal size of a state. Using data from Indian...

by Cornelis Haasnoot | On 18 May 2016

Housing Policy in the Republic of Korea

This paper evaluates housing policy in the Republic of Korea over the past several decades, describes new challenges arising from the changing environment, and draws lessons for other countries. The m...

by Kyung-Hwan Kim | On 18 May 2016

The Global Risks Report 2016: 11th Edition

Now in its 11th edition, The Global Risks Report 2016 draws attention to ways that global risks could evolve and interact in the next decade. The year 2016 marks a forceful departure from past finding...

by [WEF] World Economic Forum | On 11 May 2016

High and Dry : Climate Change, Water, and the Economy

The impacts of climate change will be channeled primarily through the water cycle, with consequences that could be large and uneven across the globe. Water-related climate risks cascade through food,...

by World Bank [WB] | On 11 May 2016

Does Carbon Tax Makes Sense? Assessing Global Scenario and Addressing Indian Perspective

This paper presents a plan that provides an achievable path toward a global policy on Green House Gas (GHG) emissions. At the heart of it is a small carbon tax (actually a GHG tax). The proceeds of...

by Mohana Mondal | On 09 May 2016

Factors Impacting Railway Freight Traffic in India

The Indian Railway (IR) system is one of the four railway systems in the world that transports more than one billion tonnes of traffic annually. As against a growth of 4 per cent to 4.5 per cent in t...

by Saurabh Bandyopadhyay | On 09 May 2016

India Policy Forum 2014 - 2015

The episode of volatility starting on May 22, 2013, when Federal Reserve Chairman Ben Bernanke first spoke of the possibility of the US central bank “tapering” its security purchases, had a sharp nega...

by Shekhar Shah | On 09 May 2016

Issues in India's External Sector

The lecture examines the recent developments in the external sector and address some critical issues such as the appropriate level of current account deficit, exchange rate policy, adequacy of reserve...

by C. Rangarajan | On 06 May 2016

Margin Requirements for Non-Centrally Cleared Derivatives

Derivatives are an integral risk management tool for business entities and financial institutions. However, derivatives markets can also lead to excessive and opaque risk taking which may result in sy...

by Reserve Bank of India RBI | On 03 May 2016

Educational Attainment of Young Adults in India: Measures, Trends & Determinants

Given the fact that education of young adults plays crucial role from both economic and social point of view, the objective of the study is to analyse the pattern of improvements in their education an...

by Runu Bhakta | On 02 May 2016

Government Expenditure in India: Composition, Cyclicality and Multipliers

This paper assesses the fiscal space and cyclicality of total Indian Central Government expenditure and its major components

by Ashima Goyal | On 02 May 2016

Measuring and Evaluating Energy Security and Sustainability: A Case Study of India

Using an indicator-based approach, the present study develops a framework for sustainable energy security of India. First, it presents the energy supply and demand situation in the country under diff...

by | On 02 May 2016

‘Credit’ Transfer, ‘Capital’ Gains and Intellectual Property in the University: Points from a Case Study

An absolute insistence on profits in numbers is increasingly driving the modern University system today. The insistence on metrics as an index of scholarship has entailed a shift toward the market mod...

by Pramod K. Nayar | On 02 May 2016

Tamil Nadu: State Income Report

This government report provides information about the state income of Tamil Nadu

by Tamil Nadu Government | On 29 Apr 2016

Issues in SME Financing

This study has been undertaken to examine the maladies and conceivable remedies that associate with Small and Medium Enterprises and related establishments in India. The researcher uncovers a myriad o...

by | On 29 Apr 2016

Water and Agriculture: Facing Water Scarcity and Environmental Challenges

Agricultural water use is the main one among all water uses. Despite this use plays an essential role in food and fiber world supplies, provides for mitigating poverty in many regions, and produces a...

by Luis Santos Pereira | On 13 Apr 2016

Coping with Water Scarcity: An Action Framework for Agriculture and Food Security

This report develops around the conceptual framework to address food security under conditions of water scarcity is part of this programme. The purpose of this report is to assess the options and scop...

by Pasquale Steduto | On 13 Apr 2016

State Finances: A Study of Budgets of 2015-16

Empirical findings across a swathe of countries, advanced and emerging, confirm that the composition of government expenditure can have perceptible growth implications.

by Reserve Bank of India RBI | On 12 Apr 2016

Budget Speech Meghalaya: 2016-17

Speech by Donkupar Roy, Finance Minister of Meghalaya.

by Donkupar Roy | On 31 Mar 2016

Singapore Budget Speech 2016

Budget Speech of 2016 by Finance Minister of Singapore.

by Heng Swee Keat | On 28 Mar 2016

Bharat Mata ki jal

The total quantum of water supply has barely improved since Independence, while demand has exploded.

by T.N. Ninan | On 27 Mar 2016

Labor Supply Models: Unobserved Heterogeneity, Nonparticipation and Dynamics

This chapter is concerned with the identification and estimation of models of labor supply. The focus is on the key issues that arise from unobserved heterogeneity, nonparticipation and dynamics. We e...

by Richard Blundell | On 21 Mar 2016

Budget Speech Odisha Part II: 2016-17

Part II of the Budget speech of the finance minister.

by Pradip Kumar Amat | On 21 Mar 2016

Changing Wage Structure in India in the Post-Reform Era

This paper documents the changing structure of wages in India over the post-reform era, the roughly two-decade period since 1993. To investigate the factors underlying these changes, a supply-demand f...

by Basab Dasgupta | On 20 Mar 2016

Money Matters Local Government Finance in the People's Republic of China

Public finance systems in the People’s Republic of China (PRC) have evolved substantially over the last three decades. The evolution is continuing, with wide-ranging reforms in budget and debt managem...

by Asian Development Bank Institute | On 18 Mar 2016

More Ghost Savings: Understanding the Fiscal Impact of India’s Direct Transfer Program — Update

Since April 1, 2015, India’s cooking gas subsidies have been distributed by electronic transfer through the Direct Benefit Transfer for Liquefied Petroleum Gas (LPG) scheme (known as DBTL, or PAHAL1 )...

by | On 18 Mar 2016

Dynamics of Political Budget Cycle

Using the method of optimal control, when an incumbent politician derives utility from voting support and dis-utility from budgetary deficit, the equilibrium time paths of both voting support and budg...

by Ganesh Manjhi | On 17 Mar 2016

Reforming the Financing System for the Road Sector in the People's Republic of China

This report recommends the creation of a National Roads and Funding Administration and a central road trust fund with dedicated revenues; changes to roles and responsibilities of different levels of g...

by Asian Development Bank Institute | On 17 Mar 2016

Price Control on Bt Cotton Seeds in India: Impact on Seed Providers

This paper attempts to examine the impact of such price controls on the revenue and profitability of the seed providers in India. Using a panel data for 9 cotton growing states in India over 2002- 200...

by Anchal Arora | On 16 Mar 2016

What Attracts FDI in Indian Manufacturing Industries?

This paper examines the pattern of inward FDI at the disaggregated industry level (NIC 3- digit), and test for the industry-specific characteristics that have been significant in attracting foreign in...

by Rashmi Rastogi | On 16 Mar 2016

The Role of Technological Conditions of Production in Explaining India's Manufacturing Growth, 1998-99 to 2007-08: Some Policy Perspectives

This paper tries to explain India’s manufacturing growth performance in terms of the technological conditions of production, namely, the returns to scale (RTS) and the elasticity of substitution (ES)...

by Alokesh Barua | On 15 Mar 2016

R & D Sector Outsourcing, Human Capital Formation and Growth in the Context of Developed versus Developing Economies

This paper theoretically examines the impact of R & D outsourcing from an economy which is in the innovation-only regime to an economy which is in the imitation-innovation regime. It shows that depend...

by Sujata Basu | On 15 Mar 2016

Cross-Country Analysis of Composition of Human Capital and Total Factor Productivity Growth depending on its Distance to Frontier

This paper empirically examines human capital’s contribution to economy-wide technological progress and also on technical efficiency gain depending on its distance to frontier in a panel of 75 countri...

by Sujata Basu | On 15 Mar 2016

Intergenerational Mobility, Human Capital Composition and Distance to Technological Frontier

The focus of this study is to analyze the relation between intergenerational mobility (upward and downward mobility) and wage inequality (between skilled and unskilled workers) in a dynamic endogenous...

by Sujata Basu | On 15 Mar 2016

Capital Flows and the Impossible Trinity: The Indian Experience

This paper devises quantitative techniques to analyze the management of foreign capital flows in India over the past three decades. The paper argues that India's overall approach towards liberaliza...

by Abhijit Sen Gupta | On 15 Mar 2016

Investing in Natural Capital for a Sustainable Future in the Greater Mekong Subregion

The Greater Mekong Subregion (GMS) is poised to continue developing at a significant pace. The subregion is well placed to benefit from the emerging Association of Southeast Asian Nations Economic Com...

by Asian Development Bank Institute | On 15 Mar 2016

Challenges and Opportunities for Skills Development in Asia Changing Supply, Demand and Mismatches

The education systems in Asia, including technical and vocational education and training (TVET), were well suited at the time to allow Asia to become the world’s assembly line. In simple terms, formal...

by Sungsup Ra | On 15 Mar 2016

The Housing Market and Housing Policies in Japan

Housing policies in Japan after World War II were focused on the quantitative supply of houses with a wide range of targeted groups and public rental houses. The Japan Housing Corporation (now the Urb...

by Masahiro Kobayashi | On 14 Mar 2016

Debt Dynamics, Fiscal Deficit, and Stability in Government Borrowing in India: A Dynamic Panel Analysis

Despite the initiatives of the Finance Commission of India, fiscal performance has been deteriorating and increasingly diverging across Indian states. Given that the state governments are endowed with...

by Panchanan Das | On 14 Mar 2016

Dependence of States on Central Transfers: Aggregate and State-wise Analysis

This paper examines the dependence of states on central fiscal transfers. It particularly focuses on the role of transfers through tax devolution under the recommendation of the Finance Commissions. T...

by D K Srivastava | On 13 Mar 2016

Corporate Governance and Product Market Competition

On one hand product market competition acts as an ultimate solution to align interests of managers and shareholders, and on the other hand, competition alone may not be sufficient because it may not p...

by Ekta Selarka | On 13 Mar 2016

Basel I and Basel II Compliance: Issues for Banks in India

Random effects panel data analysis is applied to identify financial parameters that influence banks in India in complying with Basel I. The private sector and foreign banks are affected by credit risk...

by Sreejata Banerjee | On 13 Mar 2016

R and D Spillovers Across the Supply Chain: Evidence from the Indian Automobile Industry

This study attempts to capture the impact of vertical and horizontal R and D spillovers across the supply chain. Empirical studies have captured vertical spillovers while finding the role of horizonta...

by Madhuri Saripalle | On 13 Mar 2016

Rape and Reform: India's Changing Attitudes

It has been just over a year since the Delhi rape case in which a female student was raped and died from her injuries. In its wake, massive protests and a media campaign ensured the perpetrators were...

by | On 12 Mar 2016

Health Shocks and Coping Strategies: State Health Insurance Scheme of Andhra Pradesh, India

The objectives of the study are three-fold: to investigate who are vulnerable to welfare loss from health shocks, what are the household responses to cope with the economic burden of health shocks and...

by Sowmya Dhanaraj | On 11 Mar 2016

Mergers and Acquisitions in the Indian Pharmaceutical Sector

Mergers and acquisitions (M and A) are common strategies of firms to increase its performance. Although, the motives of M and A are different however, the determinants are discreet. This study tries t...

by Nikita Agarwal | On 11 Mar 2016

Recreational Value of Coastal and Marine Ecosystems in India:A Partial Estimate

Recreation is an important ecosystem service in coastal and marine ecosystems. The methodology for valuing recreational services is well developed in the literature. To the best of our knowledge, this...

by Pranab Mukhopadhyay | On 10 Mar 2016

Hydropower and Social Conflict in Vietnam: Lessons for Myanmar

Harnessing Myanmar’s hydropower, while essential for the country’s development, has significant potential to stir social unrest in ethnic states. Trang Do and Elliot Brennan argue that Vietnam’s exper...

by | On 10 Mar 2016

Consumer’s Acceptance towards Genetically Modified Crops and Growth of the Economy: A Theoretical Approach

This paper develops a three-sector theoretical growth model to capture the role of consumers’ acceptance towards the second generation of genetically modified (GM) crops in the long run growth process...

by Arpita Ghose | On 10 Mar 2016

Kerosene Consumption in India: Welfare and Environmental Issues

The adverse fiscal effects of fuel subsidies in developing countries like India are well documented. More recently, few studies have highlighted the fiscal, welfare and environmental effects of possib...

by Brinda Viswanathan | On 10 Mar 2016

Critical Review of Literature on Computable General Equilibrium Models

This model focuses on sectoral allocation of capital and labour and distribution of sectoral output. Second, Harberger-Scarf-Shoven-Whalley models, which have their roots in welfare economics. Third,...

by Zafar Iqbal | On 10 Mar 2016

Distributional Impact of Structural Adjustment on Income Inequality in Pakistan: A SAM-based Analysis

This study intends to analyze the impact of fiscal policy relating to subsidies (production and consumption subsidies), government current expenditure and expenditure on health and education on income...

by Zafar Iqbal | On 10 Mar 2016

Salient Features of Social Accounting Matrix of Pakistan for 1989-90: Disaggregation of the Households Sector

In the present SAM, the input-output industry classifications have been condensed into five main production accounts namely agriculture, industry, health, education and other sectors. The SAM 1989-90...

by Rizwana Siddiqui | On 10 Mar 2016

Power Crisis in Pakistan: A Crisis in Governance?

The objective in this study is to examine the issues and constraints faced by the power sector in Pakistan. The paper will try to evaluate the reasons behind the current energy crisis despite present...

by Afia Malik | On 10 Mar 2016

Pension System Reforms for Pakistan: Current Situation and Future Prospects

The study deals with pension system reforms for the Pakistan economy and highlights the current situation and future prospects. The study presents an overview of the problems prevailing in current pay...

by Umaima Arif | On 10 Mar 2016

The Social Order of Markets

This article develops a proposal for the theoretical vantage point of the sociology of markets, focusing on the problem of the social order of markets. The initial premise is that markets are highly d...

by Jens Beckert | On 09 Mar 2016

Institutions in History: Bringing Capitalism Back In

The paper explores possible frontiers of historical-institutionalist analysis. It argues three points: that progress will require a return from a static to a dynamic perspective in which change is no...

by Wolfgang Streeck | On 09 Mar 2016

Neoliberal Restructuring in Turkey: From State to Oligarchic Capitalism

How have neoliberal reform policies changed Turkey’s political economy? The aim of this paper is to counter claims of convergence towards a liberal capitalist order. Given the historical dynamics of t...

by | On 09 Mar 2016

Climate Change Economics: A Review on Theoretical Understanding and Controversies

The neo-classical economics literature incorporated the notion of environment during the mid 20th century, but climate change has found its place in the economics discourse during the early 1980s. Dur...

by Unmesh Patnaik | On 09 Mar 2016

E Pluribus Unum? Varieties and Commonalities of Capitalism

The paper reviews the origins of the comparative study of capitalism and of the diverse approaches applied to it in contemporary political economy. It distinguishes four models accounting for differen...

by Wolfgang Streeck | On 09 Mar 2016

Taking Capitalism Seriously: Toward an Institutionalist Approach to Contemporary Political Economy

This paper outlines an institutionalist political economy approach to capitalism as a specific type of social order. Social science institutionalism considers social systems to be structured by sancti...

by Wolfgang Streeck | On 09 Mar 2016

Institutional Change in Market-Liberal State Capitalism: An Integrative Perspective on the Development of the Private Business Sector in China

This paper shows that a more accurate depiction of the development of China’s private sector is gained by considering the complex interaction between bottom-up and top- down processes. First, the pape...

by | On 09 Mar 2016

German Varieties of Capitalism and Varieties of Macroeconomic Policy: Are Some Economies More Procyclical Than Others?

The role of macroeconomic policy in the different varieties of capitalism has been largely ignored. Recent contributions to the literature have argued that nonliberal economies should be expected to h...

by | On 09 Mar 2016

Regulating International Finance and the Evolving Imbalance of Capitalisms since the 1970s

In this paper, the ongoing G20 process of improving the regulation of international finance is put into a historically informed perspective. To understand the driving forces behind and obstacles to in...

by | On 09 Mar 2016

Class Gains in Fisheries Management in India: Reflections from Two States

The debate on common property resource centres on issues of a particular strategy for managing it in order to cater to the growing demand for communities that depend on it and the economy at large tha...

by Jharna Pathak | On 09 Mar 2016

Fiscal Austerity and Public Investment: Is the Possible the Enemy of the Necessary?

In most rich democracies one finds a tendency for the share in public finance that is available for discretionary spending to shrink. This is because tax revenues do not keep pace with simultaneous in...

by | On 08 Mar 2016

The Politics of Public Debt: Neoliberalism, Capitalist Development, and the Restructuring of the State

Rising public debt has been widespread in democratic-capitalist political economies since the 1970s, generally accompanied among other things by weak economic growth, rising unemployment, increasing i...

by | On 08 Mar 2016

Is There a Closure Penalty? Cohesive Network Structures, Diversity, and Gender Inequalities in Career Advancement

That social capital matters is an established fact in the social sciences. How different forms of social capital affect gender disadvantages in career advancement is less clear, however. Qualitative r...

by | On 08 Mar 2016

Capitalist Dynamics Fictional Expectations and the Openness of the Future

Capitalism is an economic and social order oriented toward the future. In this paper, I describe the unfolding of the temporal order of capitalism and relate it to the restless dynamism of capitalism...

by | On 08 Mar 2016

Transnational Economic Order and National Economic Institutions Comparative Capitalism Meets International Political Economy

Even after two decades of research on globalization, we still face open questions about the interplay between national capitalist institutions and transnational economic governance. How does embeddedn...

by | On 08 Mar 2016

India’s Union Budget: Changing Scope and the Evolving Content

The paper reflects on the changing scope of the Union Budget and the Finance Minister’s speech and assesses the evolving content of these policy instruments in recent years. The analysis undertaken...

by | On 08 Mar 2016

India Budget 2016: Old Economics, New Politics

India’s latest Budget focuses on the rural sector and the economically vulnerable sections and makes large allocations for agriculture and social sector programmes without compromising on fiscal disci...

by Amitendu Palit | On 04 Mar 2016

Pro¬- Government Armed Groups: A Source of Peace or Multipliers of Conflict?

Non-state armed groups (NSAGs) are often associated with those that act in opposition to governments – such as insurgents, terrorists and rebels – and are the subject of significant analysis. Less fre...

by Manpavan Kaur | On 03 Mar 2016

Bihar Budget Analysis 2016-17

The Finance Minister of Bihar, Mr. Abdul Bari Siddiqui, presented the Budget for Bihar for the financial year 2016-17.

by Arvind Gayam | On 03 Mar 2016

Exercising the Responsibility to Assist: The Roles Of the International Community And Cambodian Civil Society

This Alert examines the role of intergovernmental and non-governmental stakeholders in promoting human security in Cambodia through transitional justice. It maps out the relations between and among th...

by | On 02 Mar 2016

Indradhanush-Banking Sector Reforms

The Indradhanush framework with its seven pronged plan was unveiled by Finance Minister Mr Arun Jaitley on 14th August 2015 for revamping Public Sector Banks (PSBs) of India. In this paper, we look at...

by Sakshi Bhardwaj | On 02 Mar 2016

Fiscal Policy Instruments and the Political Economy of Designing Programs to Reach the Poorest

This paper examines the fiscal instruments available to different levels of government and their interactions to enhance the effectiveness of public policies for the poorest and hungry groups. Address...

by Ehtisham Ahmad | On 01 Mar 2016

Madhya Pradesh Budget Analysis 2016-17

The Madhya Pradesh Finance Minister, Mr. Jayant Mallayya, presented the Budget for Madhya Pradesh for the financial year 2016-17 on February 26, 2016.

by Arvind Gayam | On 01 Mar 2016

The Political-economy of Tax Reforms in Pakistan: The Ongoing Saga of the GST

Should tax reforms be guided by rules of thumb suggested by the IMF, or directions or reform based on analytical approaches, such as optimal tax theory? In many cases, the applications of the directio...

by Ehtisham Ahmad | On 01 Mar 2016

Vital Stats: Union Budget 2016-17

Trends regarding the central government’s sources of financing including tax revenue, disinvestments, and its revenue and capital expenditure, including subsidies. Estimates are presented in the 2016-...

by Mandira Kala | On 01 Mar 2016

Financing Social Policy in the Presence of Informality

We present a framework for the analysis of tax and benefit policy in countries with significant informality. Our framework allows us to jointly analyse the e!ects of various taxes and benefits on ince...

by Ehtisham Ahmad | On 01 Mar 2016

Should China Revisit the 1994 Fiscal Reforms?

The 1994 Fiscal Reforms in China were spectacularly successful in meeting the immediate challenges that the economy faced at that time—a sharply dropping tax/GDP ratio, and limited ability of the cent...

by Ehtisham Ahmad | On 01 Mar 2016

Poor Budgeting Leads to Huge Under Spending

Regardless of the allocations for healthcare, there is a systemic reluctance to spend on health care. This trend needs to be reversed and a more transparent citizen-centred process of budget-making...

by Ravi Duggal | On 01 Mar 2016

Railroads of the Raj: Estimating the Impact of Transportation Infrastructure

How large are the benefits of transportation infrastructure projects, and what explains these benefits? To shed new light on these questions, I collect archival data from colonial India and use it to...

by Dave Donaldson | On 29 Feb 2016

Challenges and Developments in the Financial Systems of the Southeast Asian Economies

This paper discusses the economies and financial systems of Southeast Asia (SEA) and focuses on challenges and developments in the region. Despite the diversity of SEA economies and some important exc...

by Toshiyuki Shimada | On 29 Feb 2016

Can the New Intergovernmental Structure Work in Pakistan in the Presence of Governance Challenges? Learning from China

The reform of the tax administration has been recognized as a priority since the early 1980s and the report of the Tax Reforms Commission headed by Qamar-ul Islam, which had called the then Central Bo...

by Ehtisham Ahmad | On 29 Feb 2016

Economy for Life in our Earth community

This living document is a result of an extensive process led by the Social Movements for an Alternative Asia (SMAA), GerakLawan, La ViaCampesina and the supporters of the EndWTO Campaign.

by Focus on the Global South FGS | On 29 Feb 2016

Understanding Innovation in Production Networks in East Asia

This paper explores the “black box” of innovation in the electronics production network in East Asia through a mapping exercise of technological capabilities and an econometric analysis of exporting i...

by Ganeshan Wignaraja | On 29 Feb 2016

Conditional Cash Transfer Programs: An Effective Tool for Poverty Alleviation?

The paper highlights a number of issues that countries need to explore in assessing the feasibility of a CCT program: a country needs to assess the current level of specific human capital outcomes and...

by Hyun H. Son | On 29 Feb 2016

The Challenge of Employment in India An Informal Economy Perspective - Vol - II

In this paper a new set of measures of labour force, employment and unemployment has been suggested which we believe would be better suited for many purposes than those currently in use. New measures...

by National Commission for Enterprises in the Unorgan NCEUS | On 29 Feb 2016

Highlights of the Draft Budget of Japan for FY2016

Highlights of the budget of Japan for the year 2016.

by Ministry of Finance, Japan MOF, Japan | On 29 Feb 2016

Is the ASEAN plus Three Emergency Rice Reserve (APTERR) the Answer Tt Southeast Asia’s Food Security Challenges?

The recently launched ASEAN Plus Three Emergency Rice Reserve (APTERR) aims to safeguard the region’s food security in times of calamity, disaster, supply shock or extreme price spike. The region had...

by Sally Trethewie | On 27 Feb 2016

Energy Security in the 21st Century: A Human Security Perspective

Energy security is no longer just about the security of supply; it is multifaceted and inextricably linked to public health and environmental issues. Amidst political instability in oil-producing regi...

by S. Rajaratnam International Studies | On 27 Feb 2016

Basel Banking Norms – A Primer

This paper aims to first build a deeper understanding of the emergence of Basel banking norms (Basel I), and the transition to each of the subsequent regulations (Basel II and Basel III). The primary...

by Akshay Uday Shenoy | On 27 Feb 2016

Rising Milk Price – A Cause for Concern on Food Security

Continuous rise in food prices has been posing a serious policy challenge in India. Milk is a major contributor to the food price rise due to its high growth in demand in the domestic and internationa...

by S. Rajeshwaran | On 27 Feb 2016

Financing of Urban Local Bodies in India

The rising level of urbanisation in India draws attention to inadequate infrastructure levels in urban areas. While many factors play a role in infrastructure development, this paper examines the fina...

by Charan Singh | On 27 Feb 2016

Divergence and Convergence of Firm-level Best Practices: the Case of Bajaj and Hero-Honda in India’s Two-wheeler Industry

Literature in economic development shows how countries diverge and converge in economic growth owing to technological change and capital accumulation. This paper examines micro level issues of competi...

by Murali Patibandla | On 27 Feb 2016

Money, Output and Prices in India

The dynamics of the monetary system is undergoing significant changes in India. The entire concept and flow of money; narrow, broad or base, is being influenced by measures related to financial inclus...

by Charan Singh | On 27 Feb 2016

Understanding the Response of Indian Banks to Macroeconomic Shocks: A Strategy Perspective

The vulnerability of banks to macroeconomic and financial shocks is an area of growing interest to policymakers, especially in emerging markets. Strong adverse aggregate shocks contribute heavily to l...

by Rohit Gupta | On 27 Feb 2016

A Model of Gender Inequality and Economic Growth

This paper introduces a model of gender inequality and economic growth that focuses on the determination of women’s time allocation among market production, home production, child rearing, and child e...

by Jinyoung Kim | On 27 Feb 2016

Local Property Taxation and Benefits in Developing Countries - Overcoming political resistance?

While property taxation has existed since ancient times, and the taxation of land has been a mainstay of public finances through the Middle Ages, in both Europe and Asia, it has all but ceased to be a...

by Ehtisham Ahmad | On 26 Feb 2016

Political Economy of Multilevel Information Generation and Liability Management

The issue of managing sub-national liabilities is not only an issue in the EU, but is also being a major concern in South Asia, China and Brazil as much of the public investment needed for sustainable...

by Ehtisham Ahmad | On 26 Feb 2016

India’s GDP Growth: Confusion Amidst Cheers

India’s latest GDP numbers project 7.6% growth for its economy in 2015-16. But there continues to be confusion over the quality of India’s economic performance as the statistically robust GDP estimate...

by Amitendu Palit | On 26 Feb 2016

Social Innovation: A Guide to Achieving Corporate and Societal Value

As a central effort in the Global Challenge Initiative on Economic Growth and Social Inclusion, this is a “how to guide” for companies to create social and business value. Drawn from a series of works...

by World Economic Forum [WEF] | On 26 Feb 2016

Economic Survey 2015-16-Volume II

India’s growth story has largely remained positive on the strength of domestic absorption, and the country has registered a robust and steady pace of economic growth in 2015-16 as it did in 2014-15....

by Arun Jaitley | On 26 Feb 2016

Railway Budget 2016-17: Preliminary Analysis

The Minister of Railways, Mr. Suresh Prabhu, presented the Railway Budget 2016-17 to Parliament on February 25, 2016. In his address, he commented on the performance of Railways in 2015-16 and laid o...

by Prachee Mishra | On 26 Feb 2016

CO2 Emissions Reduction Strategies and Economic Development of India

This paper examines the consequences of alternative CO2 emission reduction strategies on economic development and, in particular, the implications for the poor by empirically implementing an economy-w...

by N. Murthy | On 25 Feb 2016

Weighing Issues: Human Security in ASEAN’s Fight for Food

Recent global food price shocks have demonstrated the urgent need to effectively address food insecurity in Southeast Asia – both at the national and regional level. This think-piece goes beyond issue...

by | On 25 Feb 2016

Energy and Non-Traditional Security: A Tripartite Approach

Energy supply and price volatility are no longer the only concerns that constitute contemporary energy security problems, which now comprise environmental and socioeconomic issues. Mitigating these no...

by Collin Koh | On 25 Feb 2016

Oil Pipeline from Myanmar to China: Competing Perspectives

An oil pipeline is set to be constructed to connect Myanmar with China. To make sense of the development, one can benefit from paying attention to industry descriptions about the project, rather than...

by | On 25 Feb 2016

Government Debt

The present Status Paper for 2015-16 is fifth in this series and reinforces the Government’s commitment to keep the level of public debt within sustainable limits and follow prudent debt management pr...

by Ministry of Finance GOI | On 25 Feb 2016

Health Sector Financing by Centre and States / UTs in India

Public expenditure data has been sourced from the States' budget documents, detailed demand for grants of Ministry of Health & Family Welfare and other Central Ministries/Departments. This document gi...

by Ministry of Health and Family Welfare H & FW | On 25 Feb 2016

Options for Supporting Rice Farmers under a Post-QR Regime: Review and Assessment

Under the World Trade Organization, the Philippines has maintained special treatment for rice, which expires on July 2017. Tariffication will involve greater competition from imports and the decline o...

by Roehlano M. Briones | On 25 Feb 2016

Development Policies and Democratic Disruptions: Predicaments of the Marxist Left

This paper argues that development policies operate in Indian democracy at the interstices of two largely different yet interconnected worlds – of technical formulation and political formations. The I...

by | On 25 Feb 2016

Indian Railway Budget Speech 2016-17

Speech of Shri Suresh Prabhakar Prabhu introducing the Railway Budget for 2016-17.

by Suresh Prabhakar Prabhu | On 25 Feb 2016

Exploring Priority Areas for Philippine APEC 2015 Hosting: Building Inclusive Economies, Building a Better World

This paper is an integration of the studies commissioned under the DFA-PIDS memorandum of agreement to explore the priority areas during the Philippines' APEC hosting in 2015 under the theme: "Buildin...

by Erlinda M. Medalla | On 25 Feb 2016

The Political Economy of Trade Policy in Indonesia

This paper focuses on Indonesia’s trade policies after the economic crisis. It examines the trend towards protection and addresses the issues of competitiveness. The concluding part briefly discusses...

by M. Basri | On 25 Feb 2016

Towards Comprehensive Economic Co-operation between India and Central Asian Republics

Despite some recovery in recent years, Central Asian Republics (CARs) remain in difficult economic situation and they present a serious challenge to Asia. It is in the mutual interest of both CARs and...

by Ramgopal Agarwala | On 24 Feb 2016

Typhoon Kestana: Asia’s Katrina

The devastation and catastrophe wrought by Typhoon Kestana on the Philippines’ capital Manila reflect a huge gap between rising vulnerabilities and preparedness at the national and regional levels. As...

by | On 24 Feb 2016

Improving the Business Climate in NTT: The Case of Agriculture Trade in West Timor

Efforts to improve the business climate in East Nusa Tenggara (NTT) Province are still facing significant obstacles. Moreover, a healthy business climate is needed to create conditions conducive to ha...

by Widjajanti Suharyo | On 24 Feb 2016

Cost Effectiveness Assessment of Green House Gas Mitigation Options: A Proposed Methodology

The World Bank has been requested by the government of India to undertake a study, “Strategies for Low Carbon Growth.” The study considers different options for low-carbon growth trajectories to fisca...

by Ministry of Environment and Forests GOI | On 24 Feb 2016

Grid – Connect Electricity Supply in India

This paper describes the methodology, data and key assumptions used for the power sector supply-side module of the India Low Carbon Growth study and presents preliminary results. The module is used to...

by World Bank | On 24 Feb 2016

Financial Sector Reform: Longer-Run Policy Responses to the Asian Crisis

The Asian financial crisis of 1997 involved significant economic and social costs for the affected economies, but also highlighted fundamental weaknesses in the structure and operations of their finan...

by Kevin Davis | On 24 Feb 2016

Un-balanced Economic Growth

Since the elasticity of substitution between capital and labor is not always one, and since technical progress is not always Harrod-neutral, it is desirable to have an endogenous growth model that adm...

by Hing-Man Leung | On 23 Feb 2016

Agricultural Contracts in Mindanao: the Case of Banana and Pineapple

Contract growing has been defined as an agreement between farmers and processing and/or marketing firms under forward agreements, usually at predetermined prices for the production and supply of agric...

by Larry Digal | On 23 Feb 2016

Development Strategy, Optimal Industrial Structure and Economic Growth in Less Developed Countries

In this paper, we develop an endogenous growth model that combines structural change with repeated product improvements. There are two sectors in the present paper, one is traditional sector, and the...

by Justin Yifu Lin | On 23 Feb 2016

Dissecting the China Puzzle: Asymmetric Liberalization and Cost Distortion

In this paper we attempt to explain the China Puzzle: coexistence of accelerating economic growth and worsening growth outlook. The root cause lies in China’s unique liberalization approach, i.e., the...

by Huang Yiping | On 22 Feb 2016

International Monetary Reform: A Critical Appraisal of Some Proposals

This paper reviews some of the current debates on the reform of the international monetary system. Despite its deficiencies, the United States (US) dollar will remain the dominant currency and Special...

by Yung Chul Park | On 22 Feb 2016

Central Banking for Financial Stability in Asia

A key lesson of the 2007–2009 global financial crisis (GFC) was the importance of containing systemic financial risk and the need for a “macroprudential” approach to surveillance and regulation that c...

by Masahiro Kawai | On 22 Feb 2016

Tamil Nadu Interim Budget Speech 2016-2017

Budget speech by the Hon’ble Minister for Finance and Public Works, Government of Tamil Nadu

by O Panneerselvam | On 22 Feb 2016

Deepening Association of Southeast Asian Nations’ Financial Markets

This paper discusses the financial landscape of the Association of Southeast Asian Nations (ASEAN), a region engaged in building an economic community (a “single market and production base”) by 2015....

by Choong Lee | On 21 Feb 2016

Are Returns To Private Infrastructure In Developing Countries Consistent With Risks Since The Asian Crisis?

This paper presents a basic assessment of the financial performance of infrastructure service operators in developing countries. It relies on a new database of 120 companies put together to track the...

by Maria Pinglo | On 21 Feb 2016

The People’s Republic of China and Global Imbalances from a View of Sectorial Reforms

This paper examines the impact of sectorial reforms on current account imbalances, with a special focus on the People’s Republic of China (PRC). In particular, we investigate to what extent reforms pe...

by Hiro Ito | On 21 Feb 2016

Natural Gas Situation and LNG Supply/Demand Trends in Asia-Pacific and Atlantic Markets

This paper is an excerpt from a FY 2008 survey for the promotion of oil and natural development and utilization as commissioned by the Ministry of Economy, Trade and Industry. Since 2008, the global L...

by Yoshikazu Kobayashi | On 21 Feb 2016

Price of Daily Essentials: A Diagnostic Study of Recent Trends

The present report summarises major results that seeks to trace the supply chains of a group of essential commodities and, in view of their future supply (domestic production and import) prospect, att...

by Centre for Policy Dialogue CPD | On 21 Feb 2016

Green Growth and Equity in the Context of Climate Change: Some Considerations

Green growth entails several different kinds of processes: conversion to low-carbon energy, climate resilience, and response to climate shocks. Equity implies a fair sharing of the costs, within count...

by Jeffrey D. Sachs | On 21 Feb 2016

Making and Faking

It is true that India is having improvements in the economic fronts. But what are the real numbers? Why does the government say exaggerated numbers?

by T.N. Ninan | On 20 Feb 2016

Expert Working Group Meeting on Food Wastage in Southeast Asia

The implications of the estimated 30-50 per cent global food wastage for energy, soil, water and human resources are substantial. Recognising the need to pay greater attention to this issue, the RSIS...

by S. Rajaratnam International Studies | On 19 Feb 2016

Risk and Resilience: Securing Energy in Insecure Spaces

This issues brief outlines key points brought up at an Energy Security Seminar on ‘Risk and Resilience: Securing Energy in Insecure Spaces’ held on 29-30 October 2012 in Singapore. Energy vulnerabilit...

by S. Rajaratnam International Studies | On 19 Feb 2016

Labor Supply Responses to the 1990s Japanese Tax Reforms

The consumption-leisure choice model implies that an exogenous change in tax rates will induce a change in labor supply. This implication is expected to be important to labor supplied by secondary ear...

by Ken Yamada | On 19 Feb 2016

Transforming Cities with Transit

In rapidly urbanizing and motorizing cities of the world, massive investments are being made in high-capacity transit systems to fend off worsening traffic congestion. Most investments have been guide...

by | On 19 Feb 2016

Where Have China’s State Monopolies Gone?

If China’s economy is an example of ‘state-capitalism’, then its large, state-owned enterprises (SOEs) could be expected to monopolise key sectors. But previous estimates of industrial concentration u...

by Paul Hubbard | On 19 Feb 2016

Poverty-reducing or Poverty-inducing? A CGE-based Analysis of Foreign Capital Inflows in Pakistan

Foreign capital inflows (FKI) help an economy by financing the imbalance between income and expenditure. However, their impact on poverty in the recipient economy is a controversial issue. In this stu...

by Rizwana Siddiqui | On 18 Feb 2016

Wheat Markets and Price Stabilisation in Pakistan: An Analysis of Policy Options

This article provides a quantitative analysis of the effects of Pakistan government domestic wheat procurement, sales, and trade policies on wheat supply, demand, prices, and overall inflation. Analys...

by Paul Dorosh | On 18 Feb 2016

A New Paradigm for Food Security: Robustness as an End Goal

Food security at the national level is now recognised to be dependent on a complex set of factors which interact and collectively influence the availability of food, its supply chains, its affordabili...

by | On 17 Feb 2016

A Social Accounting Matrix for Pakistan, 2001-02: Methodology and Results

This paper describes the structure and construction of a social accounting matrix (SAM) for Pakistan for 001-02. A SAM is an internally consistent extended set of national accounts that disaggregates...

by Paul Dorosh | On 17 Feb 2016

Demographic Dividend or Demographic Threat in Pakistan

This paper looks into the demographic dividend available to Pakistan and its implications for the country, mainly through three mechanisms: labour supply, savings, and human capital. For economic bene...

by Durr-e- Nayab | On 17 Feb 2016

A Fresh Assessment of the Underground Economy and Tax Evasion in Pakistan: Causes, Consequences, and Linkages with the Formal Economy

Rise in the underground economy creates problems for the policy-makers to formulate economic policies, especially the monetary and fiscal policies. It is found that if there was no tax evasion, budget...

by M. Ali Kemal | On 17 Feb 2016

Power, Violence, Citizenship and Agency: A Review of the Literature

This Working Paper comprises a literature review that was carried out to inform the formulation of a research project on power, violence, citizenship and agency, which addresses how social actors reac...

by | On 17 Feb 2016

Climate Change and Food Supply: Reinforcing the North-South Divide

Climate change is set to shift food production centres and change the power dynamics of food supply and demand. Notwithstanding the general foreboding of doom and gloom from climate change, are there...

by | On 16 Feb 2016

State and Region Public Finances in Myanmar

This paper focuses on understanding the role of state and region governments in relation to Myanmar's public finances. This has been done to take stock of existing research, better understand the comp...

by The Asia Foundation | On 16 Feb 2016

Determinants of Interest Spread in Pakistan

This study examines the determinants of interest spread in Pakistan using panel data of 29 banks. The results show that inelasticity of deposit supply is a major determinant of interest spread whereas...

by M. Idrees Khawaja | On 16 Feb 2016

Delivering Access to Safe Drinking Water and Adequate Sanitation in Pakistan

Water and Sanitation is the neglected sector in Pakistan. Most of the households in Pakistan do not have access to safe drinking water and lack toilets and adequate sanitation systems. These poor peop...

by Faheem Jehangir Khan | On 16 Feb 2016

National Finance Commission Awards in Pakistan: A Historical Perspective

This study explores the evolution of fiscal resource distribution in Pakistan. Pakistan is a federation comprising four provinces, federally administered areas, and the Islamabad Capital Territory. Be...

by Iftikhar Ahmed | On 16 Feb 2016

Economic Stability and Choice of Exchange Rate Regimes

The purpose of this paper is to emphasize the importance of Europe’s structural problems and governance as the cause of the current euro area crisis. The euro may have led to bubbles, but member econo...

by Sahoko Kaji | On 16 Feb 2016

Supply Chains and Credit-Market Shocks: Some Implications for Emerging Markets

Driven by the increasingly important role of supply chains in global production, this paper studies empirical association between global credit-market shocks and firm behavior towards liquidity needs...

by Yothin Jinjarak | On 16 Feb 2016

Global Implications of the Renminbi’s Ascendance

This paper evaluates the prospects for the renminbi’s role as an international currency and the implications for global financial markets. Although the People’s Republic of China (PRC) does not have e...

by Eswar Prasad | On 16 Feb 2016

From Global Factory to Global Mall: East Asia’s Changing Trade Composition

This paper studies how East Asia’s trade composition and orientation have changed over the past decade and analyzes the implications for the region and beyond. Over the last 2 decades we have witnesse...

by Matthias Helble | On 16 Feb 2016

Hometown Investment Trust Funds: An Analysis of Credit Risk

In Asia, small and medium-sized enterprises (SMEs) account for a major share of employment and dominate the economy. Asian economies are often characterized as having bank-dominated financial systems...

by Naoyuki Yoshino | On 16 Feb 2016

Need to Push for Inclusive Growth

The major challenge facing the Indian economy at this juncture is to provide a big push to the growth momentum while striking a balance between the much-needed capital expenditure and fiscal consolida...

by S.D Naik | On 15 Feb 2016

Basel II and Bangladesh: The Challenges Ahead

Basel II consists of three pillars such as Pillar I, II and III. Implementation of this New Accord is a challenge for many developing countries including Bangladesh. This study has made an attempt to...

by Md. Kabir Ahmed | On 15 Feb 2016

Kerala Budget 2016-17

Budget speech by Oommen Chandy.

by Oommen Chandy | On 15 Feb 2016

Interest Rate Spread in Bangladesh: An Analytical Review

Lower spread is a vital indicator of the efficiency and competition in the financial system and conducive to higher economic growth of a country via investment spending. In Bangladesh, the spread in t...

by Shamim Ahmed | On 15 Feb 2016

Inflation in Bangladesh: Supply Side Perspectives

This policy note is an exploratory attempt to verify the popular argument that cost side factors are no less contributory than demand side factors in stimulating inflation in the Bangladesh economy. T...

by Md. Alauddin Majumder | On 15 Feb 2016

Tax Expenditures in Bangladesh: An Introductory Analysis

This policy note attempts to introduce the concept and size of tax expenditures in the context of Bangladesh with special references to experiences of India and Pakistan. It shows that the amount of t...

by M. Golam Mortaza | On 15 Feb 2016

Monetary Policy and Capital Market Development in Bangladesh

Bangladesh Bank (BB) adjusted its monetary policy stance during 2005 in order to contain inflationary pressures and facilitate stability in the foreign exchange market. At the end of 2005, interest ra...

by Shubhasish Barua | On 15 Feb 2016

The Role of an Explicit Subordinate Debt Policy in the Smooth Transition to Basel II

The major concern for the banking sector of Bangladesh is that implementation of Basel II will cause banks to raise capital appreciably and thus undermine their existing capital position. In such a si...

by Md. Kabir Ahmed | On 15 Feb 2016

Calibrating Law Enforcement and Its Purpose

In “Calibrating Law Enforcement and Its Purpose,” published by Addiction on November 10, 2014, Vanda Felbab-Brown comments on Harold Pollack and Peter Reuter’s article “Does tougher enforcement make d...

by Vanda Felbab-Brown | On 14 Feb 2016

The Conditional Capital Asset Pricing Model:- Evidence from Karachi Stock Exchange

This is an attempt to empirically investigate the risk and return relationship of individual stocks traded at Karachi Stock Exchange (KSE), the main equity market in Pakistan. The analysis is based on...

by Attiya Y. Javid | On 14 Feb 2016

Test of Multi-moment Capital Asset Pricing Model: Evidence from Karachi Stock Exchange

This study examines the Capital Asset Pricing Model of Sharpe (1964) Lintner (1965) and Black (1972) as the benchmark model in the asset pricing theory. The empirical findings indicate that the Sharpe...

by Attiya Y. Javid | On 14 Feb 2016

Reforming Institutions: Where to Begin?

The theories of institutional evolution put forth by Douglas North, Darron Acemoglu and Dani Rodrik and the historical experiences of different countries in the context of development (or non-developm...

by M. Idrees Khawaja | On 14 Feb 2016

Human Capital vs. Physical Capital: A Cross-Country Analysis of Human Development Strategies

This study estimates a small simultaneous equation model using panel data from sixty-four countries for the years 1996 and 2004. The model is estimated by various techniques—OLS, TSLS, dummy variable...

by Rizwana Siddiqui | On 14 Feb 2016

Public Policies For Facilitating Medical Tourism Industry In Asia

The paper attempts to analyze the role of public policy adjustments in facilitating the medical tourism sector in Asian countries in response to recent global economic events. While falling incomes ma...

by Vinay Singh | On 13 Feb 2016

Social Capital in India: Networks, Organizations, and Confidence

Using original data from a newly collected nationally representative survey for 40,000 households in India, we examine associations of various dimensions of social capital with each other and with con...

by Reeve Vanneman | On 13 Feb 2016

Social Networks in India: Caste, Tribe and Religious Variation

Using original data from a newly collected nationwide survey for 40,000 households in India, we examine variation in social capital in India across caste, tribe, and religion. Our primary measure uses...

by Reeve Vanneman | On 13 Feb 2016

New Growth Models: Challenges and Steps to Achieving Patterns of More Equitable, Inclusive and Sustainable Growth

The global economy is growing at an unprecedented pace, bringing large swathe’s of the world’s population out of poverty. But this is not without its challenges. New Growth Models takes a closer look...

by World Economic Forum [WEF] | On 11 Feb 2016

Jobs and Skills: Tackling the Global Unemployment Crisis – Preparing for Growth

It has been six years since the start of the global financial crisis and job creation remains weak in many G20 countries, preventing a significant decline in the often record-high levels of unemployme...

by World Economic Forum [WEF] | On 11 Feb 2016

Towards Fiscal Consolidation and a Simplified Tax Structure?

The forthcoming union budget 2016-17 faces several fiscal challenges and it will be tough task for the government to provide positive signals to revive the private investment while pursuing the fiscal...

by Pratap Jena | On 11 Feb 2016

An Index of Fiscal Democracy

Over the past four decades, the accumulation of policy legacies and public debt has led to a decline in fiscal flexibility in Germany and the United States. By applying an index of fiscal democracy to...

by | On 08 Feb 2016

Transnational Economic Order and National Economic Institutions

Even after two decades of research on globalization, we still face open questions about the interplay between national capitalist institutions and transnational economic governance. How does embeddedn...

by | On 08 Feb 2016

Fisheries, International Trade and Sustainable Development

This paper aims to provide a framework for those making and influencing policies to better understand and analyse how key trade policy issues and tools in fisheries relate to and impact on their susta...

by International Centre and Sustainable Development | On 08 Feb 2016

Planning Communication for Agricultural Disaster Risk Management: a Field Guide

Reducing risk and increasing resilience to natural disasters and climate change requires access to knowledge, information and the active participation of vulnerable population. Planning Communication...

by Food and Agricultural Organization [FAO] | On 08 Feb 2016

Poor Budgeting Leads to Huge Under Spending

Regardless of the allocations for healthcare, there is a systemic reluctance to spend on health care. This trend needs to be reversed and a more transparent citizen-centred process of budget-making...

by Ravi Duggal | On 08 Feb 2016

Crowding Out in the Labour Market: Do Employers Lend a Hand?

We test the basic assumption underlying the job competition and crowding out a hypothesis: that employers always prefer higher educated to lower educated individuals. To this end, we conduct a randomi...

by Dieter Verhaest | On 07 Feb 2016

Market Design for Altruistic Supply: Evidence from the Lab

Volunteer supply is widespread, yet without a price inefficiencies occur due to suppliers’ inability to coordinate with each other and with demand. For these contexts, we propose a market clearinghous...

by Robert Slonim | On 07 Feb 2016

Television, Cognitive Ability, and High School Completion

We exploit supply-driven heterogeneity in the expansion of cable television across Norwegian municipalities to identify developmental effects of commercial television exposure during childhood. We fin...

by Øystein Hernæs | On 07 Feb 2016

Local Labor Market Conditions and Crime: Evidence from the Brazilian Trade Liberalization

This paper estimates the effect of local labor market conditions on crime in a developing country with high crime rates. Contrary to the previous literature, which has focused exclusively on developed...

by Rafael Dix-Carneiro | On 07 Feb 2016

Algebraic Representation of Social Capital Matrix

This paper proposes a mathematical model based on a Boolean algebra involving a 4×4 social capital matrix [Shah (2008)], that emerges through interaction within and across individuals, communities, in...

by Tariq Shah | On 06 Feb 2016

Working to Improve Price Indices Development in Pakistan

Given the importance of Consumer Price Index (CPI), there has been long debate on its measurement issues. It is the best and most well-known indicator of inflation, which is further used for evaluatin...

by Mahmood Khalid | On 06 Feb 2016

Capital Inflows, Inflation and Exchange Rate Volatility: An Investigation for Linear and Nonlinear Causal Linkages

In this study, an investigation of the effects of capital inflows on domestic price level, monetary expansion and exchange rate volatility. To proceed with this, linear and nonlinear cointegration and...

by Abdul Rashid | On 06 Feb 2016

The Contemporaneous Correlation of Structural Shocks and Inflation— Output Variability in Pakistan

Monetary policy has changed in a number of ways during the last two decades. Along with the other characteristics, modern monetary policy is forward-looking, and the central banks respond contemporane...

by Muhammad Nasir | On 06 Feb 2016

Fiscal Federalism in Pakistan: The 7th National Finance Commission Award and Its Implications

Pakistan is a federal country. Distribution of resources has a profound impact on income, development, backwardness, and poverty. The paper briefly discusses the federation, its needs and importance i...

by Usman Mustafa | On 06 Feb 2016

The Determinants of Food Prices: A Case Study of Pakistan

Controlling prices is one of the major tasks for the macroeconomic policy-makers. The recent oil price hike that shifted the policy towards biofuels and some natural calamities increased food prices a...

by Henna Ahsan | On 06 Feb 2016

Budget Speech by BMC Municipal Commissioner-2016-17

Statement of Municipal Commissioner.

by Ajoy Mehta | On 05 Feb 2016

Corruption and Sport: Building Integrity to Prevent Abuses

Sport is a global phenomenon engaging billions of people and generating annual revenues of more than US$ 145 billion. But corruption and challenges to governance threaten to undermine all the good tha...

by Transparency International TI | On 05 Feb 2016

Tax Systems: A Channel for Corruption – Or A Way To Fight It?

Fighting tax evasion, corruption and opaque money flows should be seen as advancing the same end point: more equitable and better governed countries. When a tax system works right, it can create an ef...

by Transparency International | On 04 Feb 2016

Fiscal Decentralisation and Economic Growth: Role of Democratic Institutions

This study attempts to analyse the impact of fiscal decentralisation on economic growth. It also examines the complementarity between fiscal decentralisation and democratic institutions in promoting g...

by Nasir Iqbal | On 03 Feb 2016

Institutional Quality, Conflict and Aid Dependency

This study attempts to explore the impact of foreign aid on the quality of governance and how conflicts, whether internal or external affect the overall situation. Conflicts affect governance directly...

by Unbreen Qayyum | On 03 Feb 2016

Foreign Aid and the Fiscal Behaviour of Government of Pakistan

This study examines the effect of foreign aid on the fiscal behaviour of the Government of Pakistan. It applies the Autoregressive Distributed Lag model to analyse the relationship that prevailed betw...

by Rabia Butt | On 03 Feb 2016

The New Role of the World Bank

The World Bank was founded to correct failures in international capital markets. That role has shifted over the past 70 years. Modern analyses should proceed from the premise that the Bank’s central g...

by Michael Clemens | On 03 Feb 2016

Governance and the Effectiveness of Foreign Capital

This study empirically investigates the impact of foreign capital and governance on the economic growth by employing country level data from 1984 to 2010 for Asian developing countries. Governance; fo...

by Unbreen Qayyum | On 03 Feb 2016

Financial Flows, External Capital Structure, Institutions and Economic Growth in Asian Developing Economies

Present study is conducted to measure the impact of financial integration on economic growth in Asian developing economies using panel data of twelve Asian countries from 1984-2012. In first part of a...

by Madiha Bashir | On 03 Feb 2016

Building Genuine Islamic Financial Institutions

Since the spirit of Islam is in stark and violent conflict with the spirit of Capitalism, the form taken by institutions designed to express this spirit must also be different. Capitalist financial in...

by Asad Zaman | On 03 Feb 2016

Employment Strategy and Equitable Growth: A Social Capital Perspective for KPK

Although labour force participation in Pakistan has improved from 50.33 percent in 2006-07 to 57.24 percent in 2010-111 as well as employment has increased from 47.65 million to 53.84 million, however...

by Syed Akther Shah | On 02 Feb 2016

Infrastructure Investment, Private Finance, and Institutional Investors: Asia from a Global Perspective

This study evaluates infrastructure investment and finance in Asia from a global perspective. It provides an overview on infrastructure needs and the various sources of private finance, globally and w...

by Georg Inderst | On 02 Feb 2016

Towards a Framework for Achieving Food Security in the Mountains of Pakistan

The agriculture sector in Pakistan sustains the livelihoods of 45 per cent of the national population. Both the direct and indirect contributions of the agriculture sector to overall growth and wellbe...

by Golam Rasul | On 02 Feb 2016

Property Tax Experiment in Punjab, Pakistan

Pakistan faces important policy challenges in improving service delivery and growth and development. Low levels of tax revenue act as a serious constraint to economic growth, provision of services and...

by Benjamin Olken | On 02 Feb 2016

Massive, Globally Coordinated Fiscal Stimulus is Needed: Going From the Drawing Board to Swift Action

In just over a year, the mid-2007 sub-prime housing debacle in the United States has escalated into a global financial crisis and pushed the world economy into recession arguably the deepest since Wor...

by United Nations Department of Economic and Social Affairs | On 31 Jan 2016

A Global Green New Deal for Sustainable Development

Seventy-six years ago, in the midst of the Great Depression, the United States government introduced the New Deal. The New Deal effectively harnessed the fiscal stimulus for environmental as well as d...

by United Nations Department of Economic and Social Affairs | On 31 Jan 2016

Coordinating Capital Account Regulation

There is a renewed consensus on the need to re-regulate international capital movements. But there is a collective action problem, which puts developing countries at a particular disadvantage. Countri...

by United Nations Department of Economic and Social Affairs | On 31 Jan 2016

Fiscal Stimulus is still Needed for Global Recovery

Responding to the economic and financial crisis, a large number of countries introduced fiscal stimulus packages to support aggregate demand. These have been critical in avoiding the recession becomin...

by United Nations Department of Economic and Social Affairs | On 31 Jan 2016

A Truly Green Agricultural Revolution is Needed

The recent food price spikes have exposed deep structural flaws in the world food system. Although increased financial speculation in commodity futures and options markets seems to have amplified shor...

by United Nations Department of Economic and Social Affairs | On 31 Jan 2016

Can a Protracted Slowdown be Avoided?

The world economy is teetering on the brink of another major downturn. As in 2008, economic woes in the major developed economies are weakening economic prospects around the world. Th ere are multiple...

by United Nations Department of Economic and Social Affairs | On 31 Jan 2016

Global Liquidity for Global Development

Official development assistance declined in real terms in 2011 as a result, in part, of fiscal austerity in many donor countries. Traditional forms of funding have fallen well short of needs to financ...

by United Nations Department of Economic and Social Affairs | On 31 Jan 2016

Potential Impact of Proposed 2012 Farm Bill Commodity Programs on Developing Countries

The United States is the largest exporter of many key commodities leading to a significant impact on international markets. In this paper Bruce Babcock and Nick Paulson examine what proposed changes i...

by | On 30 Jan 2016

Improving Tax Compliance in Bangladesh: A Study of Value-Added Tax (VAT)

In recent years, tax compliance has come to the centre of both academic and policy discourse for several reasons. In the first place, tax-GDP ratio in Bangladesh is very low (10.6%) when compared with...

by Nasiruddin Ahmed | On 30 Jan 2016

Relationship between Credit Rating, Capital Structure and Earning Management Behaviour: Evidence from Pakistani Listed Firms

Credit ratings have become a widely accepted measure of firms’ creditworthiness in financial markets. The present study aims to examine the impact of external credit ratings on the financial structure...

by Shoaib Ali | On 30 Jan 2016

Fiscal Consolidation and Economic Growth: A Case Study of Pakistan

Pakistan’s economy has witnessed occasional spurts in economic growth, unfortunately, the economic growth has not been sustainable. One of the culprits often cited for haphazard growth experience of P...

by Ahmed Waqar Qasim | On 30 Jan 2016

Issues in Statistical Modelling of Human Capital and Economic Growth Nexus: A Cross Country Analysis

The human capital and growth relationship has been subject to a lot of debate in economic literature. The empirical growth models are beset with problems ranging from theoretical frameworks and statis...

by Verda Salman | On 30 Jan 2016

Monetary Paradoxes of Baby-Sitting Cooperatives

Many authors have described and modelled Keynesian effects in a Babysitting Cooperative (BSC), which has the underlying structure of a single good barter economy. A simple model of the BSC economy is...

by Asad Zaman | On 30 Jan 2016

Investing in Human Capital for Inclusive Growth: Focus on Higher Education

What does the Philippines need to do to transform its economy into a high middle-income economy and ensure that the benefits from such a transformation are within reach of every Filipino? Investment i...

by | On 29 Jan 2016

Trade and Investment Frameworks in Extractive Industries: Challenges and Options

At the domestic level, if managed properly, the revenues from extractive industries can have a substantial impact on income and prosperity while respecting community needs and the environment. To achi...

by | On 28 Jan 2016

Drinking Water Supply: Environmental Problems, Causes, Impacts and Remedies – Experiences from Karnataka

Drinking water is a basic requirement for life and a determinant of standard of living. The paper examines the nature and magnitude of environmental problems, causes and impacts in drinking water supp...

by Puttaswamaiah S. | On 28 Jan 2016

Management by Participation? Village Institutions and Drinking Water Supply in Gujarat

One of the critical dimensions of rural water supply has been participation by the local community in managing the source and finances. Drawing upon case studies of 20 villages (spread across 17 distr...

by Keshab Das | On 28 Jan 2016

Building Human Capital in East Asia: What Others Can Learn

While recognizing that education contributes to economic growth, investments in human capital contributed to high economic growth and also to better income distribution in East Asia; and human capital...

by | On 28 Jan 2016

Youth and Skills: Putting Education to Work

The global economic downturn is impacting on unemployment. One young person in eight across the world is looking for work. Youth populations are large and growing. The wellbeing and prosperity of youn...

by United Nations Economic, Scientific and Cultural Organization | On 28 Jan 2016

Report of the National Consultation on "Children and Governance: In the Context of Federalism and Devolution"

Economists and experts have been batting for bringing the fiscal federalism, the activist fora has been criticizing the newly brought in fiscal arrangements between Centre and States. This contradict...

by HAQ Centre for Child Rights HAQCRC | On 28 Jan 2016

The 2014 US Farm Bill and its Effects on the World Market for Cotton

Under the 2014 US Farm Bill, US cotton producers will receive significant subsidies which will have trade-distorting effects irrespective of future cotton prices. At a futures market cotton price of U...

by | On 27 Jan 2016

The Political Economy of Low-carbon Investments: Insights from the Wind and Solar Power Sectors in India

The primary motivation behind this research is the need to accelerate the supply of renewable energy because of the important role that it plays in mitigating climate change and in fostering sustainab...

by | On 26 Jan 2016

Agricultural Trade And Development: A Value Chain Perspective

The system of global agricultural and food trade is undergoing rapid processes of change, with important implications for economic development. In this paper we document and discuss these changes; inc...

by Johan Swinnen | On 26 Jan 2016

Government Intervention and Prices of Medicines: Lessons from Tamil Nadu

This paper looks at the approach adopted by the government of Tamil Nadu where drug procurement and supply is done through an autonomous agency. The paper emphasises the need for such goverment interv...

by N. Lalitha | On 26 Jan 2016

Overcoming Challenges to Accelerating Linear Growth in Indian Children

Early childhood stunting or linear growth retardation predicts poor human capital. While stunting rates in India are unacceptably high, the decline in stunting over the past decades demonstrates that...

by Harshpal Singh Sachdev | On 26 Jan 2016

Agency and Access under Decentralized Governance: Water Supply and Sanitation in Kolkata City

Ensuring sustainable access to basic services in urban India has continued to remain a major challenge for civic bodies. A fast growing urban population has exerted great pressure on the provisioning...

by Keshab Das | On 26 Jan 2016

Foreign Direct Investment and Poverty Reduction: India in Regional Context

It is widely proclaimed that capital account liberalisation would immensely benefit developing economies because once capital controls are lifted capital would flow from the capital abundant rich cou...

by Manmohan Agarwal | On 25 Jan 2016

Total Factor Productivity of the Software Industry in India

This paper uses the Malmquist Productivity Index (MPI) to estimate change in total factor productivity (TFP) and its constituent components for software companies in India during 1999–2008. On average...

by Nira Ramachandran | On 24 Jan 2016

Skills, Informality, and Development

This paper makes an attempt to estimate the index of informal sector employment which can be attributed to the supply-push phenomenon. Factors which explain the inter-state variations include the indu...

by Arup Mitra | On 24 Jan 2016

External Shocks

After the global financial crisis, India was exposed to many external shocks from commodity prices and foreign capital flows. Although capital flow fluctuations were largely due to global risk-on risk...

by Ashima Goyal | On 24 Jan 2016

Institutional Lending and Financing Policy for SMEs in Bangladesh

Over the last few years, the government has taken a number of initiatives in terms of financial, fiscal, and related policies; adopted strategies; and implemented actions for promoting SME-led economi...

by Naima Nazneen Rikta | On 23 Jan 2016

Estimating Inflation Rates of Import-Concentrated Commodities

This note provides estimates of inflation rate of import-concentrated commodities and their contribution to overall inflation in Bangladesh. The results suggest that the Bangladesh economy has been ex...

by M. G. Mortaza | On 23 Jan 2016

Pakistan’s Widening Sectarian Divide

This paper looks at the latest targeted killings in Pakistan that have not only exacerbated its sectarian tensions but also exposed the failings of the civil administration in a country where the Army...

by | On 23 Jan 2016

India’s Latest GDP Growth Figures: Glaring Macroeconomic Concerns

A close analysis of India’s higher growth rate in the last financial year reveals some disturbing signs of emerging vulnerabilities on both the supply and demand sides of the macro-economy. Stagnant a...

by | On 23 Jan 2016

Opportunities and Challenges in Rice Seeds Trade Between India and Bangladesh

Rice, a major staple crop for India and Bangladesh is important not only for ensuring food security, but also the livelihood security of large number of small and marginal farmers engaged in rice cult...

by Neha Jain | On 23 Jan 2016

Climate Change, Food Security and Trade Linkages in South Asia

This Briefing Paper examines the linkages between climate change, food security and trade in South Asia. Studies suggest that in Asia the heat stress due to climate change will reduce crop yields in t...

by Ram Jha | On 23 Jan 2016

Economic Growth In South Asia: Role Of Infrastructure

The paper examines the output elasticity of infrastructure for four South Asian countries viz., India,Pakistan, Bangladesh and Sri Lanka using Pedroni’s panel cointegration technique for the period 19...

by Ranjan Kumar Dash | On 23 Jan 2016

Should Bangladesh Monitor Core Inflation for Conducting Monetary Policy?

Over the years, the Bangladesh Bank (BB) has been using changes in consumer price index (CPI) inflation as the operational guide to measuring price stability in Bangladesh. In recent years, it has how...

by Bangladesh Bank | On 23 Jan 2016

Rationalizing Food Demand and Supply Estimates: An Exploratory Note

This note examines the current methodology of setting the requirements and availability of food grains used by FPMU and identifies areas where efforts are needed to rationalize demand and supply estim...

by Bangladesh Bank | On 23 Jan 2016

Do Government Transfers Reduce Conflict?

Social conflicts have been solved through fiscal policy and the provision of public goods and services over the centuries. Data from India, too, show government expenditure on social services has had...

by Institute of Development Studies IDS | On 23 Jan 2016

Dynamics of Pharmaceutical Quality Systems for the Export of Pharmaceuticals from India to Africa

India’s pharmaceutical industry of more than 10,000 manufacturing sites is estimated to generate US$ 22 billion in revenue , half of which is exported to more than 150 countries across the globe. Expo...

by Empower School of Health ESH | On 22 Jan 2016

Do Rich Countries Invest Less in Poor Countries Than the Poor Countries Themselves?

Could a rich-country social planner, capable only of forcing capital flows across borders but not directly into the hands of individual poor-country entrepreneurs, improve the efficiency of the global...

by | On 22 Jan 2016

The Impacts of Diesel Price Increases on India’s Trucking Industry

In the fiscal year 2011–12, under-recoveries1 incurred by Indian oil-marketing companies for diesel rose to an all-time high of INR81,192 crore (US$15 billion) (Government of India, 2012a). Diesel con...

by Gayatri Khedkar | On 21 Jan 2016

Cohort Profile: The Consortium of Health-Orientated Research in Transitioning Societies

The experience of working together on the original paper, which was published in 2008,6 was highly positive. This motivated Cesar Victora, on behalf of the principal investigators, to apply for a rese...

by Linda Richter | On 21 Jan 2016

Productivity in the Era of Trade and Investment Liberalization in India

Very recent years India has witnessed wide-ranging economic reforms in her policies governing international trade and FDI flows. As per the findings of the paper, some of the important determinants of...

by Ram Upendra Das | On 21 Jan 2016

Demographic Change, Brain Drain, and Human Capital: Development Potentials in Services-Driven South Asia

This discussion paper seeks to understand the nature of the ongoing demographic transition in South Asia and the challenges faced by the countries of the region to augment their future supply of skill...

by Biswajit Dhar | On 21 Jan 2016

Climate Change and Food Systems: Global Assessments and Implications for Food Security and Trade

This book collects the findings of a group of scientists and economists who have taken stock of climate change impacts on food and agriculture at global and regional levels over the past two decades....

by Food and Agricultural Organization [FAO] | On 20 Jan 2016

Impact of Climate Related Shocks and Stresses on Nutrition and Food Security in Selected Areas of Rural Bangladesh

This study attempts to break down ‘climate change’ into ‘climate related shocks and stresses in the course of time’ and conceptualizes the food security and nutrition outcomes as combination of the ad...

by Chris Béné | On 19 Jan 2016

Evolution of Capital Structure in East Asia: Corporate Inertia or Endeavours?

The present paper examines the capital structure adjustment dynamics of listed non-financial corporations in seven East Asian countries during 1994-2002. Compared to firms in the least affected countr...

by Sarmistha Pal | On 19 Jan 2016

Does Gender Matter for Firm Performance? Evidence from Eastern Europe and Central Asia

Using 2005 firm level data for 26 ECA countries, this paper estimates performance gaps between male- and female-owned businesses, while controlling for their location by industry and country. We find...

by Shwetlena Sabarwal | On 19 Jan 2016

A Tale Of Two Villages: Kinship Networks And Political Preference Change In Rural India

This paper develops a theory on how voters form and change political preferences in democratic developing world contexts. In the developing world, where state institutions are often weak, voters tend...

by Neelanjan Sircar | On 18 Jan 2016

Power To The States Making Fiscal Transfers Work For Better Health

This report is a result of that endeavor and reflects the unique perspectives and expertise of center and state actors, health and fiscal policymakers, academics, and civil society actors. It is based...

by (Centre for Global Development) Advisory Faculty | On 18 Jan 2016

Marrying Up: The Role of Sex Ratio in Assortative Matching

A novel dataset is used to study the impact of male scarcity on marital assortative matching and other marriage market outcomes using the large shock that WWI caused to the number of French men. Using...

by | On 18 Jan 2016

Where is India’s Growth Headed?

In this paper, we analyze the sources of output growth in the past three decades and discuss the outlook going forward. Projections are made for the growth of factors of production and the growth of...

by Ila Patnaik | On 18 Jan 2016

Educational Attainment of Young Adults in India: Measures, Trends and Determinants

Given the fact that education of young adults plays crucial role from both economic and social point of view, the objective of the study is to analyse the pattern of improvements in their education a...

by Runu Bhatka | On 18 Jan 2016

A Survey of the Role of Fiscal Policy in Addressing Income Inequality, Poverty Reduction and Inclusive Growth

A growing concern on widening income gap between the rich and the poor, the policy mismatch in tackling the relative poverty and income inequality have invited increasing volumes of research focusing...

by | On 15 Jan 2016

Language Proficiency of Migrants: The Relation with Job Satisfaction and Matching

We empirically analyze the language proficiency of migrants in the Netherlands. Traditionally, the emphasis in studying language proficiency and economic outcomes has been on the relation between earn...

by Hans Bloemen | On 15 Jan 2016

International Migration, Transfers of Norms and Home Country Fertility

This paper examines the relationship between international migration and source country fertility. The impact of international migration on source country fertility may have a number of causes, includ...

by Maurice Schiff | On 15 Jan 2016

A Profile of the World's Young Developing Country Migrants

Individual level census and household survey data are used to present a rich profile of the young developing migrants around the world. Youth are found to comprise a large share of all migrants, parti...

by David McKenzie | On 14 Jan 2016

Globalization, Brain Drain and Development

This paper reviews four decades of economics research on the brain drain, with a focus on recent contributions and on development issues. We first assess the magnitude, intensity and determinants of t...

by Frédéric Docquier | On 14 Jan 2016

Understanding Mandis: Market Towns and the Dynamics of India’s Rural and Urban Transformations

Our goal is to develop, over a period of time, a collaborative, multi-level and interdisciplinary project to generate and anchor a range of new research activities to help fill this gap. The idea is...

by | On 14 Jan 2016

The Imprudence of Labour Market Flexibilization in a Fiscally Austere World

This paper assesses the effects of combining fiscal austerity with flexibilization policies aimed at reducing labour costs and increasing competitiveness. Core to our analysis is a global perspective...

by | On 11 Jan 2016

Redistributive Policies for Sustainable Development: Looking at the Role of Assets and Equity

Analyses of redistributive policies often focus on income flows to examine the nexus between redistribution and economic growth. With strengthening signs of growing economic inequality in many countri...

by | On 11 Jan 2016

The Effect of Childhood Migration on Human Capital Accumulation: Evidence from Rural-Urban Migrants in Indonesia

Developing countries are experiencing unprecedented levels of urbanization. Although most of these movements are motivated by economic reasons, they could affect the human capital accumulation of the...

by | On 11 Jan 2016

Migration, School Attainment and Child Labor: Evidence from Rural Pakistan

Inequalities in access to education pose a significant barrier to development. It has been argued that this reflects, in part, borrowing constraints that inhibit private investment in human capital by...

by | On 11 Jan 2016

Trade and Development Report, 2015

The Trade and Development Report (TDR) 2015: Making the international financial architecture work for development reviews recent trends in the global economy and focuses on ways to reform the internat...

by United Nations Conference on Trade and Development UNCTAD | On 09 Jan 2016

Trade and Environment Review 2009/2010

UNCTAD´s Trade and Environment Review 2009/2010focuses on the 140 plus low-income and least developed countries, which have not caused the economic, financial, climate and food crises, but have to bea...

by United Nations Conference on Trade and Development UNCTAD | On 09 Jan 2016

Rural Tamil Nadu in the Liberalisation Era: What Do We Learn from Village Studies?

In this paper, the aim is to survey the findings of village studies that have been accomplished over the last two decades the era of economic liberalisation in India together with those of larger-scal...

by J. Jeyaranjan | On 09 Jan 2016

India’s Rural Employment Guarantee Scheme: Has it Reduced Poverty in Chitradurga District of Karnataka?

In this paper, we evaluate India’s flagship rural employment guarantee programme, the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), by answering questions such as whether the MG...

by Kala Seetharam Sridhar | On 09 Jan 2016

Prevention and Resolution of Foreign Exchange Crises in East Asia

This paper discusses mechanisms to prevent and resolve foreign exchange crises in East Asia. Policies and mechanisms at the country level as well as regional and global levels are discussed. Policies...

by Andrew Cooper | On 07 Jan 2016

Remittances and Labor Supply in Post-Conflict Tajikistan

This paper analyzes the impact of remittances on the labor supply of men and women in post-conflict Tajikistan. It is found that on average men and women from remittance-receiving households are less...

by Olga Shemyakina | On 07 Jan 2016

How Low-Carbon Green Growth Can Reduce Inequalities

Half of the world’s population — 3 billion people — lives below the poverty line, and Asia has the largest share. In pursuit of sustainable economic development and poverty alleviation, there is great...

by Anbumozhi Venkatachalam | On 07 Jan 2016

Cross-Border Price Differentials and Goods Market Integration in East Asia

As cross-border movements of goods, capital, and labor are intensifying, it is likely that goods markets in East Asia will become increasingly integrated. This study investigates the current state of...

by Woosik Moon | On 07 Jan 2016

The Impact of Household Health Shocks on Female Time Allocation and Agricultural Labor Participation in Rural Pakistan

There have been few empirical studies in the developing world and the agricultural sector, on the impact of negative health shocks on household well-being. Does the pervasive effect of a negative hous...

by | On 07 Jan 2016

The Single Best Health Policy in the World: Tobacco Taxes

The single most cost-effective way to save lives in developing countries is in the hands of developing countries themselves: raising tobacco taxes.

by | On 06 Jan 2016

Nepal Business Climate Survey

This is a perception survey of business owners and operators in four districts of Nepal. The survey provides a snapshot of prevailing state of business environment in Nepal and identifies most critica...

by Bal Khadka | On 02 Jan 2016

Social Protection Brief: Social Security Reform and Economic Modeling Capacity Building in Indonesia

While official poverty in Indonesia is relatively low at 12%, an additional 27% of the population live just above the poverty line and small shocks can drive them back into poverty. Poor and vulnerabl...

by Kefei You | On 01 Jan 2016

Social Protection Brief: Social Security Reform and Economic Modeling Capacity Building in Indonesia

While official poverty in Indonesia is relatively low at 12%, an additional 27% of the population live just above the poverty line and small shocks can drive them back into poverty. Poor and vulnerabl...

by Asian Development Bank Institute | On 01 Jan 2016

Managing Capital Flows in Asia: An Overview of Key Issues

Global capital flows into emerging markets, including those in Asia, continue to be volatile, generating both benefits and costs. The latter are associated with episodes of currency and banking crises...

by Ramón López | On 01 Jan 2016

Achieving Environmental Sustainability in Myanmar

With many environmental assets, and industrial pressure only beginning to develop, Myanmar could effectively form policies and regulations that ensure sustainable growth and conservation of key natura...

by Sakiko Tanaka | On 01 Jan 2016

Is Fiscal Decentralization Conflict Abating? Routine Violence and District Level Government in Java, Indonesia

Utilising a newly created data set we examine the relationship between routine/everyday violence and fiscal decentralization in 98 districts of the Indonesian island of Java. By examining possible rel...

by Mohammad Tadjoeddin | On 30 Dec 2015

Service Sector Productivity and Economic Growth in Asia

This paper explores the impacts of more rapid growth in labor productivity in the service sector in Asia based on an empirical general equilibrium model. The model allows for input-output linkages and...

by Jong-Wha Lee | On 30 Dec 2015

Can immigrants help women “have it all”? Immigrant Labor and Women’s Joint Fertility and Labor Supply Decisions

This paper explores how inflows of low-skilled immigrants impact the tradeoffs women face when making joint fertility and labor supply decisions. I find increases in fertility and decreases in labor f...

by Delia Furtado | On 30 Dec 2015

Impact of Production Linkages on Industrial Upgrading in ASEAN, the People's Republic of China, and India: Organizational Evidence of a Global Supply Chain

This paper presents a simple model of industrial upgrading as a result of backward and forward information linkages between upstream and downstream relations. It also serves as an empirical investigat...

by Tomohiro Machikita | On 30 Dec 2015

International Financial Reforms: Capital Standards, Resolution Regimes and Supervisory Colleges, and their Effect on Emerging Markets

This paper focuses on the relevance to emerging economies of three major financial reforms following the global financial crisis of 2007–2009: the improved capital requirements intended to reduce the...

by Duncan Alford | On 30 Dec 2015

The Effect of Remittances on Labour Supply in the Republic of Haiti

We examine the labour supply effect of remittances in the Republic of Haiti, the prime international remittances recipient country in the Latin American and Caribbean (LAC) region relative to its GDP....

by Evans Jadotte | On 29 Dec 2015

Causes and Remedies for Japan’s Long-Lasting Recession: Lessons for the People’s Republic of China

This paper will address why the Japanese economy has been trapped in a prolonged slowdown and will provide some remedies for revitalizing the economy.

by Farhad Taghizadeh-Hesary | On 29 Dec 2015

Using the Social Capital of Nationals Abroad as a Strategy for Development in the IT Sector

This Discussion Paper examines the relevance of social capital theories in explaining the migration-development nexus. The author uses three case studies to investigate this relationship, namely devel...

by | On 29 Dec 2015

Public Debt Sustainability in Developing Asia: An Update

The paper updates debt sustainability analysis (DSA) for developing Asia, conducted in 2011. With the benefit of hindsight, the accuracy of the earlier debt ratio forecasts and underlying macroeconomi...

by Benno Ferrarini | On 29 Dec 2015

Investing In Renewable Energy Generation and Power Transmission In Eastern Indonesia

This paper documents lessons learned during the implementation of two loans: the Renewable Energy Development Sector Project, and the Power Transmission Improvement Sector Project.Electrification in I...

by Bagus Mudiantoro | On 29 Dec 2015

An Asian Perspective on Global Financial Reforms

The purpose of this study is to better understand the likely impact on Asian economies and financial institutions of various recent global financial reforms, including Basel III capital adequacy and l...

by Peter Morgan | On 29 Dec 2015

Monetary Policy Frameworks in Asia: Experience, Lessons, and Issues

This paper reviews the history of East Asian monetary policy frameworks since 1990; describes current monetary policy frameworks, including issue of price versus financial stability for a central bank...

by Peter Morgan | On 29 Dec 2015

Three Arrows of 'Abenomics' and the Structural Reform of Japan: Inflation Targeting Policy of the Central Bank, Fiscal Consolidation, and Growth Strategy

“Abenomics” refers to the economic policies advocated by Prime Minister Shinzo Abe who became prime minister of Japan for a second time when his party, the Liberal Democratic Party, won an overwhelmin...

by Farhad Hesary | On 29 Dec 2015

Response of Stock Markets to Monetary Policy: An Asian Stock Market Perspective

We estimate the response of Asian stock market prices to exogenous monetary policy shocks using a vector error correction model. In our paper, monetary policy transmits to stock market price through t...

by Farzana Sehrin | On 29 Dec 2015

Economic Crises and Women’s Work: Exploring Progressive Strategies in a Rapidly Changing Global Environment

This paper examines issues of women’s employment and decent work in the context of the on-going global financial and economic crisis. Recognizing that financial and economic crises affect men and wome...

by UN Women | On 28 Dec 2015

Housing Policies for Asia: A Theoretical Analysis by Use of a Demand and Supply Model

The main objective of this paper is to give an overview of the most commonly used housing policies and to illustrate their economic impact. To facilitate the analysis, we first introduce a simple two-...

by Naoyuki Yoshino | On 24 Dec 2015

Fiscal Decentralization And Tax Incentives In The Developing world

Many developing countries use tax incentives to attract foreign direct investment, sacrificing immediate revenue from foreign capital, even though the effects of tax incentives on investment, growth,...

by Quan Li | On 23 Dec 2015

Oil and State Capitalism: Government-Firm Coopetition in China and India

This paper examines the domestic sources of the internationalization of national oil companies (NOCs) in China and India. It argues that – counter to notions of state-led internationalization – the go...

by Jonas Mecklinga | On 23 Dec 2015

Capital Structure, Ownership and Crisis: How Different Are Banks?

Employing data for 1992-2012, the article examines the factors affecting the capital structure of publicly listed Indian banks from a corporate finance perspective and compares the findings by exploit...

by Goutam Chatterjee | On 22 Dec 2015

nabling Trade: Increasing the Potential of Trade Reforms

It has become clear that as governments pursue trade facilitation, those that take a “horizontal” approach achieve the most success. This approach involves identifying industries with the highest pote...

by | On 22 Dec 2015

Endangering the Investment Climate

Achieving the Sustainable Development Goals (SDGs) will require high levels of productive private and public sector investment, which in turn requires a suitable investment climate. This paper provide...

by | On 22 Dec 2015

Cricket and Indian National Consciousness

It is recognized that there are close links between sport and politics, and in particular between sport and national consciousness. The Olympic Games and the football, rugby and cricket World Cups hav...

by | On 22 Dec 2015

Gender and Financial Inclusion through the Post

Women form a disproportionately large share of the world’s unbanked population. Gender inequalities in employment and earnings mean that women have lower incomes, making them less able to open account...

by | On 21 Dec 2015

Transitions to K-12 Education Systems Experiences from Five Case Countries

Preparing and implementing a K–12 transition absorbs considerable financial and human resources. It follows that the reasons for restructuring must be compelling. It follows that the reasons for restr...

by | On 21 Dec 2015

Doing Business Differently with Subnationals: Recommendations for Global Health Donors in Highly Decentralized Countries

This note builds on lessons learned from the Center for Global Development’s work on intergovernmental fiscal transfers for health and lays out three strategies for donors that fund organizations and...

by Amanda Glassman | On 21 Dec 2015

Study on Conditions and Needs of Women Workers in Delhi

Study on the needs and conditions of women workers in Delhi must begin its enquiry with the initial problem of poor availability of employment or access to economic activity/work for women in the cap...

by Neetha N | On 21 Dec 2015

Now Corporate Paralysis

Public investment financed by the government's own or borrowed resources do not provide an adequate answer to the problem of relatively low investment.

by T.N. Ninan | On 18 Dec 2015

Managing the Family Firm: Evidence from CEOs at Work

We develop a new survey instrument to codify CEOs’ diaries in large samples and use it to measure the labor supply of 1,114 family and professional CEOs of manufacturing firms across six countries...

by Oriana Bandiera | On 18 Dec 2015

A Note on Reserve Currencies with Special Reference to the G-20 Countries

It is most likely that the current reserve currencies will retain their status in the near future, given the persistence in the composition of reserve holdings. However, since we do not have complete...

by Menzie D. Chinna | On 18 Dec 2015

Can basic entrepreneurship transform the economic lives of the poor?

The world’s poorest people lack capital and skills and toil for others in occupations that others shun. Using a large-scale and long-term randomized control trial in Bangladesh this paper demonstrates...

by Munshi Sulaiman | On 18 Dec 2015

Labour Processes and the Dynamics of Global Value Chain: A Developing Country Perspective

This paper with specific reference to India argues that limited view of verticality of production fails to appreciate the fact that choices of locations, the amount of rent created, the shift of value...

by Satyaki Roy | On 18 Dec 2015

External Sector Openness Management: The Bangladesh Experience

Bangladesh has had impressive growth in exports, remittances and foreign exchange reserve in recent year. By analyzing the liberalizing regime from 1979 to this date by adopting a comprehensive approa...

by Abdul Wahab | On 18 Dec 2015

Channelling Household Savings to Productive uses Through the Capital Markets

Savings provides the means for investments. Typically, investments are primarily funded through domestic savings and the rest through foreign capital inflows. Domestic savings are from three sources -...

by Vardhana Pawaskar | On 17 Dec 2015

The Brics Development Bank

This policy brief recommends that these include commitments to: ending extreme poverty and inequality, with a special focus on gender equity and women’s rights; aligning with environmental and social...

by Oxfam International | On 17 Dec 2015

Tax Revenue Mobilistation In Developing Countries: Issues and Challenges

In recent years, domestic revenue mobilisation in developing countries gained increasing prominence in the policy debate. Several factors explain this, including the potential benefits of taxation for...

by Mick Moore | On 16 Dec 2015

Determinants of Unemployment Flows,LabourMarket Institutions and Macroeconomic Policies

The paper makes use of newly developped information on unemployment dynamics. On the basis of a matching model of the labour market the paper analyses the economic, institutional and policy determinan...

by Ekkehard Ernst | On 16 Dec 2015

Is Access to Loan Adequate for Financing Capital Expenditure? A Household-level Analysis on Some Selected States of India

This paper attempts to identify the factors that determine access to credit for financing capital expenditures across selected developed, less developed and middle performing states in India. Using a...

by Meenakshi Rajeev | On 16 Dec 2015

Enhancing Early Warning Capabilities and Capacities for Food Safety

Worldwide, food safety incidents can have a significant impact on public health, economies, agrifood trade, food security, and public confidence in the food supply. The prevention, mitigation, and man...

by | On 15 Dec 2015

Human Capital Potential of India's Future Workforce

This paper discusses India’s demographic dynamics and argues that policymakers have the widest window of opportunity with that segment of population which is poised to enter the workforce between 203...

by Ali Mehdi | On 09 Dec 2015

Skill Transferability, Migration, and Development: Evidence from Population Resettlement in Indonesia

We use a natural experiment in Indonesia to provide causal evidence on the role of location-specific human capital and skill transferability in shaping the spatial distribution of productivity. From 1...

by Samuel Bazzi | On 08 Dec 2015

Government Intervention in Grain Markets in India: Rethinking the Procurement Policy

This paper reviews the rice procurement operations of the Government of India from the standpoints of cost of procurement as well as effectiveness in supporting farmers’ incomes. The two channels used...

by Neha Gupta | On 02 Dec 2015

What do Economists have to say about Climate Impacts on South Asia?

South Asia’s changing climate has had many different impacts including changes in ecosystems, more severe storms, rainfall that is more concentrated in a few days per year leading to more floods and m...

by E. Somanathan | On 01 Dec 2015

The Socio-Economic Impact of HIV at the Household Level in Asia: A Regional Analysis of the Impact on Women and Girls

An important element of the socio-economic impact of HIV is how it disproportionately affects women and girls, in terms of their vulnerability to infection, constrained access to services and the a...

by United Nations Development Programme (UNDP) | On 01 Dec 2015

Workfare and Human Capital Investment: Evidence from India

The paper examines the effect of India's National Rural Employment Guarantee Scheme (NREGS), one of the largest workfare programs in the world, on human capital investment. Since NREGS increases labor...

by | On 16 Nov 2015

Fiscal Seigniorage “Laffer-curve effect” on Central Bank Autonomy in India

It is often emphasised that seigniorage financing of public sector deficits is technically a “free lunch” if the economy has not attained the full employment levels. However, conservative macroecono...

by Lekha S. Chakraborty | On 16 Nov 2015

The Tax Puzzle

If the surge in tax collections is sustainable, the finance minister has the elbow room to shoot for a fiscal deficit that is significantly lower than the Budget's 3.9 per cent of GDP, or to bump up.

by T.N. Ninan | On 13 Nov 2015

Now Focus on the Economy

What the government should is to concentrate on economic issues with diversionary issues being put back in the cupboard.

by T.N. Ninan | On 07 Nov 2015

The Sector Reforms Process in Rural Drinking Water and Sanitation: A Review of the Role of WASMO in Gujarat

This paper provides an assessment of the interventions in reforming the drinking water and sanitation sector in Gujarat as through the Water and Sanitation Management Organisation (WASMO) from a sup...

by Keshab Das | On 06 Nov 2015

Upgrading a Piped Water Supply from Intermittent to Continuous Delivery and Association with Waterborne Illness: A Matched Cohort Study in Urban India

Intermittent delivery of piped water can lead to waterborne illness through contamination in the pipelines or during household storage, use of unsafe water sources during intermittencies, and limite...

by Ayse Ercumen | On 05 Nov 2015

State Food Provisioning as Social Protection: Debating India’s National Food Security Law

This report provides an overview on the main issues debated during the development and passage of the India’s National Food Security Act (2013), which legally binds national and state governments to e...

by Harsh Mander | On 20 Oct 2015

Policy Tradeoffs in an Open Economy and the Role of G-20 in Global Macroeconomic Policy Coordination

In this paper the aim is to investigate the different nuances of India's capital account management through empirical analyses as well as descriptive discussions. In particular the study the evolution...

by Rajeswari Sengupta | On 19 Oct 2015

Integrating SMEs into Global Value Chains: Challenges and Policy Actions in Asia

Globalized production networks, or global value chains, provide an opportunity for small and medium enterprises to upscale their business models and to grow across borders, though with global opportun...

by Asian Development Bank Institute | On 16 Oct 2015

Natural Interest Rate: Assessing the Stance of India’s Monetary Policy under Uncertainty

Using a theoretical framework that combines the essence of Ramsay’s growth model and the New-Keynesian macrodynamics, and applying the Kalman filter estimation technique, this paper finds that Indi...

by Harendra Behera | On 16 Oct 2015

Indian Capitalism: A Case that doesn’t Fit?

This paper critically examines the ‘Varieties of Capitalism’ (VoC) School’s approach to constructing typologies of capitalisms with reference to the specific case of Indian capitalism. It emphasizes t...

by Surajit Mazumdar | On 14 Oct 2015

Panchayats and Household Vulnerability in Rural India

This paper tries to assess the impact of coping strategies on household welfare. The paper tries to identify the components of vulnerability to better focus policy. India, particularly rural India, h...

by Raghbendra Jha | On 12 Oct 2015

Issues in the Analysis of Global Value Chains and Their Impact on Employment and Incomes in India

This paper deals with issues related to employment and income (decent work) that arise through the integration of Indian production into global value chains. The sectors looked into are labour-intensi...

by | On 12 Oct 2015

World Social Protection Report 2014-15: Building Economic Recovery, Inclusive Development and Social Justice

This ILO flagship report provides a global overview of the organization of social protection systems, their coverage and benefits, as well as public expenditures on social protection. The report follo...

by Internaional Labour Organization [ILO] | On 07 Oct 2015

Now for the Reality Play

What the government needs to do, perhaps, is to spell out an action agenda for the next four months, in the run-up to the 2016 Budget.

by T.N. Ninan | On 02 Oct 2015

Finances for Health in India: Are New Sources the Way to Go?

The Government of India has proposed the National Health Assurance Mission (NHAM) to move the country rapidly towards universal health coverage (UHC), by providing all citizens with specified drugs, d...

by Indrani Gupta | On 30 Sep 2015

Safe Cities and Gender Budgeting

Women in the communities make efforts to seek allocation under appropriate budget heads to identify streams of revenue, available revenue and the required expenditure. Town planners, policy makers and...

by Vibhuti Patel | On 28 Sep 2015

Social Capital’s Dark Side and Patriarchy in India

Social capital is often extolled as a benevolent resource, but resources can be applied to any number of ends. Using new data from the India Human Development Survey (N=41,544), the author examined so...

by Lester Andrist | On 28 Sep 2015

Surviving in Bihar

Can election change the condition of Bihar? At least improving the transport facilities....

by T.N. Ninan | On 26 Sep 2015

Health Shocks and Inter-Generational Transmission of Inequality

This study explores the inter-generational effects of health shocks using longitudinal data of Young Lives project conducted in the southern state of India, Andhra Pradesh for two cohorts of children...

by Sowmya Dhanaraj | On 25 Sep 2015

Institutional Changes Favouring FDI Inflows to India: Gradual Transformation Since 1969

How did India respond to globalization in the realm of inward foreign direct investment (FDI)? This paper presents the economic institutional change favouring FDI inflows at the union level of India b...

by | On 25 Sep 2015

Disadvantage and Discrimination in Self-Employment: Caste Gaps in Earnings in Indian Small Businesses

Using the 2004-05 India Human Development Survey data, The paper aims to estimate and decompose the earnings of household businesses owned by historically marginalized social groups known as Scheduled...

by Ashwini Deshpande | On 24 Sep 2015

Present State of Goods and Services Tax (GST) Reform in India

There are several challenges before introduction of GST and these can be classified into two broad heads – a) GST Design and Structure related, and b) GST Administration and Institutional. On design r...

by Sacchidananda Mukherjee | On 24 Sep 2015

Geo-economics: Seven Challenges to Globalization

This report from the World Economic Forum’s Global Agenda Council on Geo-economics maps out the challenges that current geo-economic trends pose for globalisation. Findings show that the rise in strat...

by | On 22 Sep 2015

Does Democracy promote Social Capital? Evidence from Bhutan

Bhutan is one of the youngest democratic countries in the world. The constitution of Bhutan was formally signed on July 18, 2008 by the fifth King of Bhutan, elected members of Parliament, and the Chi...

by | On 21 Sep 2015

Designing and Evaluating Social Safety Nets: Theory, Evidence, and Policy Conclusions

This paper reviews the literature on the performance of commonly found social safety net programs in developing countries. The evidence suggests that universal food subsidies have very limited potenti...

by | On 18 Sep 2015

The Global Innovation Index 2015: Effective Innovation Policies for Development

The Global Innovation Index (GII) aims to capture the multi-dimensional facets of innovation and provide the tools that can assist in tailoring policies to promote long-term output growth, improved pr...

by | On 18 Sep 2015

Losing Our Minds? New Research Directions on Skilled Migration and Development

This paper critiques the last decade of research on the effects of high-skill emigration from developing countries, and proposes six new directions for fruitful research. The study singles out a cor...

by Michael Clemens | On 16 Sep 2015

From India to the Gulf region: Exploring links between labour markets, skills and the migration cycle

Despite the substantial benefits generated by the migration flow between India-GCC migration flow, many challenges remain to ensure a fairer distribution of the profits. Much has been written on the a...

by | On 15 Sep 2015

Health Shocks and Short-Term Consumption Growth

Health shocks can affect the household economy through a substantial rise in out-of-pocket medical expenditure and/or loss of income. In such a situation, households use a range of coping mechanisms t...

by Sowmya Dhanaraj | On 14 Sep 2015

The Conundrum of Profitability Versus Soundness for Banks by Ownership Type: Evidence from the Indian Banking Sector

Banks pursue profit like any business, but in their role as custodians of domestic savings, they are required to be cautious. Riskier but profitable advances may cause asset quality deterioration, thu...

by Sreejata Banerjee | On 14 Sep 2015

Foreign Investment in Hospital Sector in India: Trends, Pattern and Issues

This study examines the status of and trends in foreign investment inflow into the Indian hospital sector and highlights the emerging issues from 2000 to 2014, the era of liberalised foreign investmen...

by | On 14 Sep 2015

Water Resource Planning: Large Dams and Development

Large dams stand out as dramatic symbols of a particular approach to development and a certain relationship between humanity and nature. Starting with the crucial question of the need for such projec...

by Ramaswamy R. Iyer | On 11 Sep 2015

The Human Capital Report 2015

The Human Capital Index released by the World Economic Forum measures countries’ ability to maximize and leverage their human capital endowment. The index assesses Learning and Employment outcomes ac...

by | On 11 Sep 2015

National Focus Group on Educational Technology

The paper attempts to revitalise appropriate systems that will provide for and enable appropriate teaching-learning systems that could realise the identified goals of reach, equity, and quality. Moder...

by National Council of Educational Research &Training NCERT | On 10 Sep 2015

Sanitation in Maharashtra: A Policy Note

More than half of Rural Maharashtra defecates in the open. The main issue to understand is the nexus between the access to water and adoption of sanitation practices. It is also interesting to underst...

by Parliamentarian's Group for Children PGC | On 09 Sep 2015

Basel III Implementation- Challenges for Indian Banking System

In India, Basel III capital regulation has been implemented from April 1, 2013 in phases and it will be fully implemented as on March 31, 2019. Do we need Basel III for a country like India? What are...

by N.S. Viswanathan | On 08 Sep 2015

Needs vs Expediency - Poverty Reduction and Social Development in Post-Conflict Countries

Conflict depletes all forms of human and social capital, as well as supporting institutions. The scale of the human damage can overwhelm public action, as there are many competing priorities and resou...

by Tony Addison | On 01 Sep 2015

Report on the Death Penalty

The Law Commission of India received a reference from the Supreme Court in Santosh Kumar Satishbhushan Bariyar v. Maharashtra [(2009) 6 SCC 498] and Shankar Kisanrao Khade v. Maharashtra [(2013) 5 SCC...

by Law Commission India | On 31 Aug 2015

Lethal Lottery: The Death Penalty in India- A Study of Supreme Court Judgments in Death Penalty Cases 1950-2006

This report presents evidence for re-examining the death penalty in India, through a study of Supreme Court judgments in death penalty cases from 1950-2006.

by Amnesty International AI, | On 31 Aug 2015

Quality of Life for All: A Sustainable Development Framework for India’s Climate Policy

The study builds on the India Energy Security Scenarios (IESS) 2047 tool developed by NITI Aayog by adding a ‘quality of life’ dimension to the energy and emissions pathways. The study aims to evaluat...

by | On 28 Aug 2015

Efficacy of New Monetary Framework and Determining Inflation in India: An Empirical Analysis of Financially Deregulated Regime

Against the backdrop of the new monetary policy framework, this paper analyses the determinants of inflation in the deregulated financial regime. The paper upfront has been kept free from adherence to...

by Lekha Chakraborty | On 25 Aug 2015

Death Penalty Through Self Incrimination in India

This ACHR report focuses on six specific case studies on the right to life in the context of death penalty. The report highlights Constitutional and other legal guarantees against self-incrimination a...

by Asian Centre for Human Rights ACHR | On 24 Aug 2015

Public Debt Management in India and Related Issues

This study focuses on the marketable domestic public debt of the Government of India (GoI) in terms of size, magnitude, policy and approach followed and also discusses issues and challenges on debt m...

by Lakshmanan L | On 13 Aug 2015

Reduction of GHG Emissions and Attainment of Energy Security through Sustainable Production of Biofuels: Is it a Viable Option? A Review of Experinces

The National Policy on Biofuels sets an indicative target of 20per cent blending of biofuels by 2017 to tackle the twin problem of energy security and climate change. Although biofuels seem to be the...

by Gopinath Reddy | On 13 Aug 2015

Moving Beyond ‘Supply And Demand’ Catchphrases: Assessing the Uses and Limitations of Demand-Based Approaches in Anti-Trafficking

The need to reduce ‘demand’ for trafficked persons is widely mentioned in the anti-trafficking sector but few have looked at ‘demand’ critically or substantively. Some ‘demand’-based approaches have b...

by Global Alliance Against Trafficking in Women (GAATW) | On 10 Aug 2015

The Role of Technical and Vocational Education in the National Development of Bangladesh

Education is a basic human right and considered by many as a key tool for national development. However, this tenet has been challenged by several economists, especially Pritchett (1996). His empirica...

by Gazi Mahabubul Alam | On 03 Aug 2015

Trafficking in Persons Report

This report, produced by the United States of America's Department of State, catalogues the state of human trafficking as of 2015 across the world.

by Department of State United States of America | On 30 Jul 2015

Food Inflation in India: Causes and Consequences

Average food inflation in India during the period 2006-2013 was one of the highest among emerging market economies, and nearly double the inflation witnessed in India during the previous decade. In...

by Rudrani Bhattacharya | On 20 Jul 2015

Banking on Non-solutions

Can state owned banks revive Indian economy? Let's see what the managerial solutions to revive banks show us.

by T.N. Ninan | On 18 Jul 2015

Estimating Demand for Turtle Conservation at the Rekawa Sanctuary in Sri Lanka

This study estimates the entrance fee that can be charged to visitors for ‘turtle watching’ to ascertain whether revenues from such fees can be used to compensate fishermen and reduce such illegal...

by R. M. Wasantha Rathnayake | On 10 Jul 2015

Is Imperialism a Relevant Concept in Today’s World?

This paper explores some aspects of the imperialism/empire/new imperialism debate and looks at whether imperialism remains to be a valid theoretical category in analyzing contemporary economics and po...

by Subhanil Chowdhury | On 02 Jul 2015

Financial Education in Asia: Assessment and Recommendations

This paper assesses the case for promoting financial education in Asia. It argues that the benefits of investing in financial education can be substantial. Data are limited, but indicate low financial...

by | On 29 Jun 2015

Status of Rural Water Supply in Rural Maharashtra

This report is an outcome of the field study conducted to assess the rural water supply schemes In rural Maharashtra. The aims of the study are to understand the water supply systems and their functio...

by S. Ramesh Sakthivel | On 26 Jun 2015

Reflections on India's Emergence in the World Economy

This paper attempts to capture how India embraced the world economy against the backdrop of the evolving domestic and international economic policy environment. It began with a brief overview of the...

by | On 24 Jun 2015

Minimising Selection Failure and Measuring Tax Gap: An Empirical Model

This paper presents an empirical model for minimising selection failure by tax departments in selecting cases for scrutiny assessment. This model also provides a new methodology for estimating tax gap...

by Sudhanshu Kumar | On 23 Jun 2015

Bangladesh Monthly Report on Fiscal Position

The data generated by the Budgeting Information System has been used to prepare this report which put forward the following major findings- Up to April FY11, 80.2% of the Revenue target of the budget...

by Ministry of Finance Bangladesh | On 17 Jun 2015

Afghanistan Quarterly Fiscal Bulletin, 1390

This edition of the Afghanistan bulletin provides a snapshot of the actual domestic revenues collection and core budget execution during the quarter. An attempt has been made to provide analytical ana...

by Ministry of Finance Afghanistan | On 16 Jun 2015

Mid-Year Review of the Indian Economy 2014-15

This economic outlook by NCAER, analyses expected growth, inflation, balance of payments, fiscal balances, savings and investment trends, and covers the state of important sectors of the economy, inc...

by National Council of Applied Economic Research | On 15 Jun 2015

Gender Wage Gap in the Last Ten Years: A Case Study of India

This paper examines changes in the gender wage gap in India between the years 1999-2000 and 2009-2010, and analyses its determinants. Results of the Oaxaca-Blinder decomposition reveal that in the las...

by Nayni Gupta | On 05 Jun 2015

Second Bi-monthly Monetary Policy Statement, 2015-16

On the basis of an assessment of the current and evolving macroeconomic situation the statement suggest that the global recovery is still slow and getting increasingly differentiated across regions.

by Raghuram G. Rajan | On 03 Jun 2015

Crop Husbandry, Agricultural Inputs, Demand and Supply Projections and Agricultural Statistics for the Twelfth Five Year Plan

Eleventh Five Year Plan has focused on a model that encompass 4 per cent growth in agriculture. This was considered vital not only for improving food and nutrient security, but also for inclusive grow...

by Planning Commission | On 22 May 2015

Punjab Youth Policy 2012

The policy covers all key issues of youth and has provided a framework that promises social, economic and political empowerment of youth. The central theme of the policy is integrated youth developmen...

by | On 12 May 2015

Fifth Report on National Auto Fuel Policy

The Policy aims to holistically address the issues of vehicular emissions, vehicular technologies and auto fuel quality in a cost efficient manner, while ensuring the security of fuel supply.

by Lok Sabha Secretariat | On 07 May 2015

Building the Skills for Economic Growth and Competitiveness in Sri Lanka

Despite armed internal conflict and the global financial crisis, Sri Lanka has made remarkable progress in recent years, enjoying healthy economic growth and substantially reducing poverty. Moreover,...

by Halil Dundar | On 07 May 2015

Nutritional Intake in India (July 2009 - June 2010)

This report presents the information on nutritional intake by the Indian population. Among the different nutrients only three nutrients – viz, calorie, protein and fat – are discussed in this report....

by National Sample Survey Office NSSO | On 05 May 2015

Infrastructure Gap in South Asia: Infrastructure Needs, Prioritization, and Financing

If the South Asia region hopes to meet its development goals and not risk slowing down or even halting growth, poverty alleviation, and shared prosperity, it is essential to make closing its huge infr...

by World Bank | On 27 Apr 2015

Regulatory Framework for Over-the-top (OTT) services

The objective of this Consultation Paper (CP) is to analyse the implications of the growth of OTTs and consider whether or not changes are required in the current regulatory framework. To understand...

by Telecom Regulatory Authority of India (TRAI) | On 13 Apr 2015

Budget 2015 - What's In It For the Common Man ?

This is analysis of this year's Union Budget in Hindi. This video discusses on how the government categories budget and how the budget document should be viewed.

by | On 13 Apr 2015

Economic Survey of Maharashtra 2014-15

Maharashra Government, State Economy, Population, State income, Prices & Public Distribution System, Public Finance, Institutional Finance & Capital Market, Agriculture & Allied Activities, infrastru...

by Government of Maharashtra | On 09 Apr 2015

Are Current Tax and Spending Regimes Sustainable in Developing Asia?

This study projects government spending on education, health care, and social protection in developing Asia up to 2050 as a result of demographic changes and economic growth.

by Sang-Hyop Lee | On 06 Apr 2015

Separating Shocks from Cyclicality in Indian Aggregate Supply

An ongoing debate on the shape of the Indian aggregate supply curve (AS) raises interesting econometric and policy issues. Systematic steps were taken to improve the estimation. On adding better vari...

by Ashima Goyal | On 02 Apr 2015

State Effectiveness, Growth, and Development

This paper discusses recent developments in the literature on state effectiveness. Each section covers the relevant theory with a special focus on the current knowledge about the mechanisms highlighte...

by | On 01 Apr 2015

The People’s Republic of China's Potential Growth Rate: The Long-Run Constraints

In this paper People’s Republic of China’s (PRC’s) potential growth rate during the last 30 years is analysed. The PRC’s potential growth rate is not demand constrained, in particular by the balance...

by Juzhong Zhuang | On 27 Mar 2015

Fiscal Federalism: Opportunities and Challenges for Nepal

There has been a furious debate by political parties and intellectuals alike in Nepal on making the transition to federal system of governance. The attempt to evolve a federal constitution has stumble...

by | On 26 Mar 2015

Outcome Budget 2015-2016

The “Outcome Budget” reflects the endeavour of the Government to convert “Outlays” into “Outcomes” by planning expenditure, fixing appropriate targets and quantifying deliverables of each scheme. The...

by Ministry of Finance | On 26 Mar 2015

Making Democracy Work: Culture, Social Capital and Elections in China

This paper aims to show that culture is an important determinant of the effectiveness of formal democratic institutions, such as elections. It is found that social capital complements democratic insti...

by Gerard Padro -i-Miquel | On 23 Mar 2015

Make in India: Re-chanting the Mantra with a Difference

The paper attempts to trace the origin and idea of Make in India through time and identifies what needs to be done to turn the Make in India mantra into a reality. Free market is the engine of growth...

by Satish Y Deodhar | On 13 Mar 2015

Kerala Budget 2015-16

Budget speech of Kerala Finance Minister K M Mani.

by K.M. Mani | On 13 Mar 2015

The Economic Impacts of Inadequate Sanitation in Pakistan

In Pakistan, the deterioration of the environment continues to harm livelihoods and health, increasing the vulnerability of the nation’s poor. It has long been clear that lack of access to clean wat...

by | On 13 Mar 2015

Finance Commission of India’s Assessments: A Political Economy Contention between Expectations and Outcomes

The objective of this study is to examine the structural basis on which Finance Commissions make their awards rather than examining the predictability of the forecasts. The story of Finance Commission...

by | On 12 Mar 2015

Financial Access - Measurement and Determinants: A Case Study of Unorganised Manufacturing Enterprises in India

This paper attempts to study financial access of unorganized manufacturing enterprises in India given their importance to the economy and the fact that finance has been the main constraint on their gr...

by T.A. Bhavani | On 12 Mar 2015

Budget Brief 2015-16 Gujarat State

It is the budget brief of Gujarat state for the year 2015-16.

by Saurabh Patel | On 11 Mar 2015

The Fiscal and Welfare Impacts of Reforming Fuel Subsidies in India

This paper evaluates the fiscal and welfare implications of fuel subsidy reform in India. Fuel subsidies are found to be badly targeted, with the richest ten percent of households receiving seven time...

by | On 11 Mar 2015

Global Imbalances and Bretton Woods II Postulate

The paper intends to revisit this argument, particularly in the light of the change in deficits and surpluses in the world economy. The paper tries to trace the genesis of BWII to the debates which or...

by Krishnakumar S | On 10 Mar 2015

Economic Survey 2014-15: Volume I

A flagship annual document of the Ministry of Finance, Government of India, Economic Survey 2014–15 reviews the developments in the Indian economy over the previous 12 months, summarizes the performan...

by Ministry of Finance | On 28 Feb 2015

Budget Speech 2015-16

Budget speech of Finance Minister

by Arun Jaitley | On 28 Feb 2015

India's Union Budget: Changing Scope and the Evolving Content

The paper reflects on the changing scope of the Union Budget and the Finance Minister’s speech and assesses the evolving content of these policy instruments in recent years. The analysis undertaken is...

by | On 27 Feb 2015

Report of the Fourteenth Finance Commission

The Fourteenth Finance Commission (FC-XIV) was constituted by the President under Article 280 of the Constitution on 2 January 2013 to make recommendations for the period 2015- 20. Dr. Y. V. Reddy w...

by Finance Commission | On 24 Feb 2015

Policy Asks and Expectations from Union Budget 2015-16

Important processes relating to government budgets in India have been constrained by some widely-acknowledged challenges in governance in the country. These challenges pertain to lack of adequate tran...

by Centre for Budget and Governance Accountability | On 20 Feb 2015

Budget 2015-16: Expectations

Government of India (GoI) will present its Budget for 2015-16 on February 28, 2015. After the new Government was sworn in during May 2014, it had a short period of six weeks before presenting the Revi...

by Aditi Nayar | On 19 Feb 2015

Policy Framework for Finance SEZs

India is a large user of financial services, by virtue of a large and growing GDP and a high rate of investment and savings. At present, India is con- suming financial services produced onshore as wel...

by Ministry of Finance | On 19 Feb 2015

Mid-Year Economic Analysis 2014-2015

In July 2013, India was teetering on the edge of macroeconomic crisis with double digit inflation, a high and rising current account deficit (CAD), and a falling rupee as investor sentiment turned s...

by Ministry of Finance GOI | On 18 Feb 2015

Outcome Budget 2014-2015

The "Outcome Budget" reflects the endeavour of the Government to convert "Outlays" into "Outcomes" by planning expenditure, fixing appropriate targets and quantifying deliverables of each scheme. The...

by | On 17 Feb 2015

Public Private Sector Partnerships in an Agricultural System of Innovation: Concepts and Challenges

The purpose of this paper is to explore current practice, speculate on future patterns of PPP and discuss how partnership can be leveraged in the development process. The paper seeks to view PPP exper...

by Andy Hall | On 16 Feb 2015

Urban Water Crisis in Delhi: Stakeholders Responses and Potential Scenarios of Evolution

This paper proposes to question this conventional diagnosis with a case study of the capital city of India, Delhi. Based on this case study, the paper shows that the scenario of convergence towards un...

by | On 06 Feb 2015

The Effect of Women’s Decision-Making Power on Reproductive Health Services Uptake - Evidence from Pakistan

A large body of research has attempted to explore the links between women's autonomy and their uptake of reproductive health services in the South Asia region, but the evidence so far is inconclusive...

by Xiaohui Hou | On 04 Feb 2015

Addressing Inequality in Southeast Asia through Regional Economic Integration

The paper mainly discusses the issues and policies relating to inequality in Southeast Asia. Policies to reduce inequality include more efficient fiscal policies, improve infrastructure and generating...

by Josef Yap | On 29 Jan 2015

Redistributive Policies for Sustainable Development: Looking at the Role of Assets and Equity

The paper distinguishes between the stock of income generating assets such as human capital and wealth and deriving income flows in order to clarify the differences between growth-equity trade off deb...

by Pierre Kohler | On 28 Jan 2015

The Mechanism of Long-Term Growth in India

This paper aim to provide an account of growth in India based on its internal dynamics. This helps to place the relative roles of policy, shocks, and internal dynamics. The paper leads us to conclude...

by Pulapre Balakrishnan | On 21 Jan 2015

Global Economic Prospects

The report argues the recent setback in global economy and ways to strengthen the growth in developing countries. with a view to undertake growth and recovery in high-income countries, there is need t...

by World Bank | On 14 Jan 2015

Designing Policies in the Presence of Hawala Markets

The paper explores the impact of the existence of such a mechanism on the effectiveness of various policy instruments in influencing outcomes on the official foreign exchange markets and GDP. The pape...

by R.Kavita Rao | On 13 Jan 2015

Living through Crises : How the Food, Fuel, and Financial Shocks Affect the Poor

The food, fuel, and financial crises that started in 2008 reverberated throughout the global economy, causing job losses; poverty; and economic, financial, and political upheaval in countries all...

by | On 13 Jan 2015

Changing Norms about Gender Inequality in Education: Evidence from Bangladesh

This paper examines norms about gender equality of the education of children and adults in Bangladesh using a recent household survey for two cohorts of married women. Education norms are found to dif...

by Niels-Hugo Blunch | On 29 Dec 2014

Price Movements for Rice and Wheat: A Structuralist Policy Perspective

This paper examines the price movements in rice and wheat, following structuralist principles emphasizing the necessity of long term solutions in combination with short and medium term management. How...

by K U Gopakumar | On 17 Dec 2014

Bonded Labour, Agrarian Changes and Capitalism: Emerging Patterns in South India

Drawing on a number of case studies from Tamil Nadu, this paper shows that bonded labour is not a relic of the past, but surprisingly contemporary. Refuting the tenets of the semi-feudal thesis, we ar...

by Isabelle Guerin | On 21 Nov 2014

Extended Families and Child Well-being

Using rich longitudinal survey data from the Indonesia Family Life Survey (IFLS), evidence is presented on the relationship between three measures of health- and education-related human capital of c...

by Daniel LaFave | On 17 Nov 2014

Reforming the Agricultural Extension System in India: What do we Know about What Works Where and Why?

This paper reviews existing reform programs and strategies currently existing in agricultural extension in India. It distinguishes strategies that have been employed to strengthen both the supply and...

by Katharina Raabe | On 05 Nov 2014

Linkages between Maternal Education and Childhood Immunization in India

While correlations between maternal education and child health have been observed in diverse parts of the world, the causal pathways explaining how maternal education improves child health remain far...

by Kriti Vikram | On 30 Oct 2014

Towards a Food Secure India and South Asia: Making Hunger History

The paper begins with a detailed analysis of the various elements of food security, then it describes the various policy and programme restructurings and interventions to meet the challenges and const...

by R.B. Singh | On 29 Oct 2014

Currency Undervaluation and Sovereign Wealth Funds: A New Role for the World Trade Organization

Two aspects of global imbalances - undervalued exchange rates and sovereign wealth funds - require a multilateral response. This paper proposes new rules in the World Trade Organization to discipline...

by Prachi Mishra | On 22 Oct 2014

Infrastructure Challenges in India: The Role of Public-Private Partnerships

Inadequate infrastructure was recognized in the Eleventh Plan as a major constraint for rapid growth. The Plan had, therefore, emphasized on the need for massive expansion on investment in infrastruct...

by Geethanjali Nataraj | On 16 Oct 2014

Revealed Preference for Open Defecation: Evidence from a New Survey in Rural North India

Despite economic growth, government latrine construction, and increasing recognition among policymakers that open defecation constitutes a health and human capital crisis, it remains stubbornly widesp...

by Diane Coffey | On 07 Oct 2014

Political Economy of Transition from Manmohanomics to Modinomics

The inaugural budget of the NDA led government has been a cause of some surprise and disappointment amongst those who were eagerly expecting a new radical dose of neo-liberal reforms. It appeared that...

by Surajit Mazumdar | On 22 Sep 2014

Production, Procurement and Inflation: A Market Model for Food Grains

Rapid rise in the price of food grains and their continued upsurge is a matter of concern for not only the government and policy makers but also for all concerned with social welfare. This is particul...

by Gopakumar K.U. | On 15 Sep 2014

India Skills Report 2014

The India Skills Report 2014 report jointly prepared by CII, PeopleStrong and Wheebox details an overall picture depicting how students rank in terms of skills that are imperative to judge their emplo...

by Confederation of Indian Industry | On 11 Sep 2014

ICT policy 2014 - Information & Communication Technology Policy

The Government of Odisha has striven to make Odisha the preferred IT destination for IT / ITES / ESDM companies by providing a congenial business environment, an investor friendly policy framework wit...

by Government of Odisha | On 09 Sep 2014

Spatial Convergence and Growth in Indian Agriculture: 1967-2010

Inter-state diversity has been a perennial feature of Indian agriculture. The study probes if per capita income in Indian agriculture has converged across states in the last four and a half decades. I...

by Tirtha Chaterjee | On 06 Sep 2014

How Smart is a Smart City?

Smart is as smart does. The NDA government’s proposal to build 100 “smart” cities will work only if it can reinvent the very idea of urban growth in a country like India. Smart thinking will require t...

by Sunita Narain | On 21 Aug 2014

Debt Sustainability at the State Level in India

The debt position of the state governments in India, which deteriorated sharply between 1997-98 and 2003-04, has witnessed significant improvement since 2004-05, reflecting the impact of both favourab...

by Atri Mukherjee | On 19 Aug 2014

Finance and Opportunity in India

One of the greatest dangers to the growth of developing countries is the middle income trap, where crony capitalism creates oligarchies that slow down growth. If the debate during the elections is any...

by Raghuram G. Rajan | On 13 Aug 2014

Creative Budgeting or Actual Deficit Reduction? The case of FRBM Act

The FRBM Act was reflective of the shared commitment across political parties towards fiscal conservatism. A decade later, the picture, as reflected in the Union Budget, is yet to change for the bette...

by Surajit Mazumdar | On 07 Aug 2014

Yes to Justice, No to Death

PUDR’s opposition to the penalty of death is three decades old. Like everything else our opposition on capital punishment is evolving and is a ‘work in progress’. Starting with serious objections to t...

by PUDR Peoples Union for Democratic Rights | On 25 Jul 2014

If Only Cities Can See Wetlands

Sixty people died in a building collapse in Chennai last fortnight. There is much more than the municipal incompetence that needs to be fixed to avoid such tragic incidents. This building was located...

by Sunita Narain | On 24 Jul 2014

If only cities

Wetlands are rarely recorded under municipal land laws, so nobody knows about them. Planners see only land, not water and greedy builders take over. It is due to this oversight that buildings are plan...

by Sunita Narain | On 24 Jul 2014

Vital Stats: Union Budget 2014-15

The Minister of Finance, Mr. Arun Jaitley, presented the Union Budget 2014-15 to Parliament on July 10, 2014. In this context, some statistics related to budget expenditures, receipts and deficits.

by Saumya Vaishnava | On 16 Jul 2014

Railway Budget 2014-15: Analysis

The Minister of Railways, D V Sadananda Gowda, presented the Railways Budget 2014 to Parliament on July 8, 2014. In his address, he assessed the performance of Railways in 2013-14 and laid out his...

by Prachee Mishra | On 16 Jul 2014

Budgetary Process in Parliament

The bulletin shows what are the process in presenting budget and the terms used in the budget.

by Lok Sabha Secretariat | On 10 Jul 2014

Speech of the Minister for Railways 2014-15

Railway budget 2014-15.

by D.V. Sadananda Gowda | On 09 Jul 2014

India's Public Distribution System: A National and International Perspective

This study examines the impact of India's Public Distribution System (PDS) on poor households in terms of income gains, reductions in the incidence and severity of poverty, as well as nutritional impr...

by R. Radhakrishna | On 07 Jul 2014

Determinants for the Demand and Supply of Texile Exports of Pakistan

This study analyses the demand and supply side determinants of textile and garments’ exports of Pakistan using time series data for the period 1972– 2010. Eight trading partners (US, UK, Canada, It...

by Rabia Latif | On 01 Jul 2014

Three Decades of Human Development across Indian States: Inclusive Growth or Perpetual Disparity?

The importance of strengthening the human development (HD) achievements in a country to augment its growth potential is well known in development literature. Several initiatives to enhance the HD leve...

by Sacchidananda Mukherjee | On 24 Jun 2014

World Social Protection Report 2014/15 - Building economic recovery, inclusive development and social justice

This ILO flagship report: (i) provides a global overview of the organisation of social protection systems, their coverage and benefits, as well as public expenditures on social security; (ii) followin...

by International Labour Organisation ILO | On 17 Jun 2014

Aggregate Fertility and Household Savings: A General Equilibrium Analysis using Micro Data

This study uses micro data and an OLG model to show that general equi- librium forces are critical for understanding the relationship between aggregate fertility and household savings. [BREAD WP No....

by Abhijit Banerjee | On 03 Apr 2014

Price Transmission and Market Power in Modern Agricultural Value Chains

Price transmission is theoretically examined and how exogenous consumer price shocks (triggered for instance by income changes, global shocks, or by changes in consumer preferences) are transmitted to...

by Johan F.M. Swinnen | On 20 Mar 2014

Financing Infrastructure in the Philippines: Fiscal Landscape and Resources Mobilization

This study assessed the sources and levels of infrastructure financing in the Philippines for the last five years (2008-2012). [PIDS Discussion Paper No. 2014-01].

by Adoracion M. Navarro | On 12 Mar 2014

Problems and Prospects of Small-Scale Industries in India

The decade of the 1990s was marked by considerable deregulation of the industrial economy through delicensing and dereservations. The problem of sickness in small-scale industries is due to under-uti...

by Reddy . Koti | On 11 Mar 2014

Gender Responsive Budgeting, as Fiscal Innovation: Evidence from India on “Processes”

Gender Responsive Budgeting (GRB) as an innovation has four specific components: knowledge processes and networking; institutional mechanisms; learning processes and building capacities; and public ac...

by Lekha Chakraborty | On 05 Mar 2014

Economic Growth, Health and Poverty: An Exploratory Study for India

This article analyses the possible links between economic growth, poverty and health, using panel data for the Indian states. The findings indicate that, though growth tends to reduce poverty, signifi...

by Indrani Gupta | On 04 Mar 2014

Interim Budget 2014-15

Budget speech by 2014-15.

by P Chidambaram | On 17 Feb 2014

Revival of Mining Sector in India: Analysing Legislations and Royalty Regime

This paper on the mining sector is an attempt to analyse the sector, in particular, at its competitiveness. Against the backdrop of the Planning Commission’s High-level Committee Report on National Mi...

by Lekha Chakraborty | On 05 Feb 2014

Do Indian States have the Power to Devise their Own Policies? A Study on Fiscal Space

With the decentralization process of the 1990s, linked to economic liberalization, there emerged new decisional scope for regional governments to shape their own policies. But the decentralization pro...

by Kim Robin | On 24 Jan 2014

Gender Equality and Women’s Empowerment Operational Plan, 2013–2020

Gender equity is one of the five drivers of change in the Asian Development Bank(ADB) Strategy 2020. ADB recognizes that without harnessing the talents, human capital and economics potential of women,...

by Asian Development Bank Institute | On 20 Jan 2014

The Impact of Fiscal and Political Decentralization on Local Public Investments in Indonesia

The effects of the Indonesian decentralization and democratization process on budget allocation at the sub-national level is analyzed. Based on panel data for 271 Indonesian districts for the years...

by Krisztina Kis Katos | On 17 Jan 2014

When and Why does Bangladesh’s Inflation Differ from India’s?

India and Bangladesh share a common historical background, geographical proximity, institutional similarities, and a policy shift towards economic liberalization since the early 1990s. Inflation betw...

by Biru Paksha Paul | On 05 Dec 2013

Child Work and Schooling in Rural North India: What do Time Use Data Say about Tradeoffs and Drivers of Human Capital Investment?

This study examines time use data for 1244 children in the age-group 6-12 years in 274 villages in eight states in rural north India to understand the tradeoffs between time spent in school, time sp...

by Sudha Narayanan | On 02 Dec 2013

Subnational-level Fiscal Health: Stability and Sustainability Implications for Kerala, Punjab, and West Bengal

The Government of India has recently announced that Kerala, Punjab, and West Bengal are fiscally unsound at the level of general category states. The study reviews this projection and assesses their...

by Nimai Das | On 26 Nov 2013

Integrating Time in Public Policy: Any Evidence from Gender Diagnosis and Budgeting

Time use statistics is highly neglected in the studies on gender budgeting. The integration of this into this process remains partial or even nil across countries. This paper takes up these issues and...

by Lekha Chakraborty | On 06 Nov 2013

Medical Tourism in the Philippines: Market Profile, Benchmarking Exercise, and S.W.O.T. Analysis

This report reviews the medical tourism industry in the Philippines. It discusses the global market for medical tourism, analyzes the demand and supply aspects of the local industry, and identifies...

by Oscar F Picazo | On 22 Oct 2013

Incentive Effects of Capital Gains and Inheritance Taxes on Interstate Migration: The Holt and Shelton Analysis Revisited

The present study attempts to analyse the effect of capital gains and inheritance taxes on individual decisions to migrate. [NIPFP WP no. 81].

by Martin David | On 11 Oct 2013

The Human Capital Report

The Human Capital Index explores the contributors and inhibitors to the development and deployment of a healthy, educated and productive labour force, and has generated the information contained in...

by World Economic Forum WEF | On 04 Oct 2013

Fiscal Reforms, Fiscal Rule and Development Spending: How Indian States have Performed?

In this paper it is examined whether a favourable fiscal rule had impact on fiscal balance but what lies behind a particular outcome in a rule based fiscal regime. Often time it is argued that fiscal...

by Pinaki Chakraborty | On 30 Sep 2013

A Study on Fiscal Space

In the study states’ finances is analysed to see whether all states have been able to create a fiscal space and whether their fiscal capacities have increased over time. Then the states’ spending is l...

by Kim Robin | On 23 Sep 2013

Improving Public Financial Management in India: Opportunities to Move Forward

In recent years the role of a sound PFM system to achieve the objectives of fiscal discipline, strategic planning, and improved service delivery has been getting increasing public attention in India....

by Pratap Ranjan Jena | On 12 Sep 2013

Preliminary Evidence on Internal Migration, Remittances, and Teen Schooling in India

Migration can serve as an outlet for employment, higher earnings, and reduced income risk for households in developing countries. The 2004–2005 Human Development Profile of India survey is used to exa...

by Valerie Mueller | On 06 Sep 2013

Five Years of Leading the Reserve Bank: Looking Ahead by Looking Back

This Tenth Nani A. Palkhivala Memorial lecture lecture centres around the role and responsibility of a central bank in a democratic structure. Central banks make macroeconomic policy that influences t...

by Duvvuri Subbarao | On 30 Aug 2013

The Companies Bill, 2012

A bill to consolidate and amend the law relating to companies. [Ministry of Corporate Affairs]. URL:[http://www.mca.gov.in/Ministry/pdf/The_Companies_Bill_2012.pdf].

by Ministry of Corporate Affairs GOI | On 09 Aug 2013

For Love or Money? Motivating Workers

An analysis of the ability of employers to provide care and attention as a way to motivate their employees is done. Workers not only compare their wages, as pointed out in previous literature, but als...

by Saima Naeem | On 09 Aug 2013

The Effect of Breastfeeding on Educational Attainment: Evidence from Sibling Data

Using data on sibling pairs drawn from the National Longitudinal Study of Adolescent Health, we estimate the effect of having been breastfed on high school graduation, high school grades, and coll...

by Denizhan Duran | On 08 Aug 2013

Analysis of the President's Budget for 2013

This paper evaluates the President’s Budget (PB) or the National Expenditure Program (NEP) for 2013. The assessment is composed of four parts: (i) an evaluation of the overall fiscal picture as proj...

by Rosario G. Manasan | On 25 Jul 2013

Federal Budget in Brief 2013-14: Pakistan

Budget brief Pakistan 2013-14. [Government of Pakistan]. URL:[http://www.finance.gov.pk/budget/Budget_in_Brief_2013_14.pdf].

by Minister of Finance Pakistan | On 14 Jun 2013

Four Years of Progress: Bangladesh Marches On-Budget Speech 2013-14

Supplementary Budget for the fiscal year 2012-13 and the Budget Estimates for the fiscal year 2013-14. [http://www.mof.gov.bd/en/budget/13_14/budget_speech/speech_en.pdf].

by Abul Maal Abdul Muhith | On 07 Jun 2013

Revisiting the Growth-Inflation Nexus: A Wavelet Analysis

Motivated by the concern that the recent surge in inflation could retard growth, the paper revisits the nexus between inflation and growth from the perspective of an emerging economy, India. Examining...

by Saumitra N Bhaduri | On 23 May 2013

Food Price Inflation in India: Causes and Cures

Inflation in general and food price inflation in particular has been a persistent problem in India over the past few years. Price stability is crucial for sustainable growth as persistent inflation...

by Pradeep Agrawal | On 16 Apr 2013

Submission of 1392 National Budget, Afghanistan

H.E Finance Minister’s Speech for Mishrano Jirga. [Ministry of Finance, Afghanistan]. URL:[http://mof.gov.af/Content/files/HE%20Minister%20Speech%20to%20Mishranow%20Jirga-%20English%20after%20review....

by Ministry of Finance Afghanistan | On 10 Apr 2013

The 2013 Empowerment Budget: Philippines

The national budget is truly a potent tool for the economy to journey towards inclusive growth that would empower Filipinos through deliverance from backbreaking poverty. [Senate of the Philippines]....

by Senate Economic Planning Office SEPO | On 08 Apr 2013

Federal Budget Pakistan: 2012-13

Budget speech by Minister of Finance. [Ministry of Finance]. URL:[http://www.finance.gov.pk/budget/budget_Speech_12_13.pdf].

by Minister of Finance Pakistan | On 22 Mar 2013

Report of China’s Local and Central Budgets 2013

Following is the full text of report on the implementation of central and local budgets in 2012 and on draft central and local budgets for 2013, which was submitted for review on March 5, 2013 at the...

by Ministry of Finance China | On 21 Mar 2013

Budget Speech 2013-2014

Budget Speech by Chidambaram.

by P Chidambaram | On 28 Feb 2013

Analysis of Railway Budget 2013

The Minister of Railways, Pawan Kumar Bansal, presented the Railway Budget 2013 to Parliament on 26th February. In his address, he commented on the performance of Railways in 2012-13 and laid out his...

by Vishnu Padmanabhan | On 28 Feb 2013

Odisha Budget 2013-14: Part II General

Budget speech presented by Prasanna Acharya. General Budget is presented.

by Government of Orissa | On 25 Feb 2013

Standing Committee on Finance on Companies Bill

The Companies Bill, 2009 was introduced on August 3rd 2009. The Standing Committee presented its report on August 31st 2010. The central government withdrew this Bill in the winter session of 2011. I...

by Parliamentary Research Service PRS | On 11 Feb 2013

The Companies Bill, 2011

A bill to consolidate and amend the law relating to companies. [PRS]. URL:[http://www.prsindia.org/uploads/media/Company/companies%20bill%202011.pdf].

by Parliamentary Research Service PRS | On 11 Feb 2013

BMC Budget Speech-Education, 2013-14

estimates of receipts and expenditure for the financial year 2013-14 with respect to the primary education. [BMC]. URL:[http://www.mcgm.gov.in/irj/go/km/docs/documents/MCGM%20Department%20List/Chief%...

by Municipal Commissioner BMC | On 11 Feb 2013

Property Tax System in India: Problems and Prospects of Reform

This paper analyses the property tax system in India, examines the reasons for its low revenue productivity, reviews the recent reform initiatives and identifies further reform areas. [NIPFP Working P...

by M. Govinda Rao | On 06 Feb 2013

Economic Policies and Agricultural Incentives: The Philippine Case

The purpose of this paper is to analyze the impact of economic policies on Philippine agricultural incentives from 1960 up to 1992. Apart from economic policies affecting price incentives, cover publi...

by Cristina C. David | On 24 Jan 2013

Land Acquisition for Industrialization and Compensation of Displaced Farmers

This paper addresses the question of how farmers displaced by acquisition of agricultural land for the purpose of industrialization ought to be compensated. Prior to acquisition, the farmers are leasi...

by Maitreesh Ghatak | On 22 Jan 2013

Social Fragmentation, Public Goods and Elections: Evidence from China

This study examines how the economic effects of elections in rural China depend on voter heterogeneity, for which religious fractionalization is taken as a proxy. [BREAD Working No. 366]. URL:[http:/...

by Gerard Padro-i- Miquel | On 09 Jan 2013

How to Tackle Food Insecurity in Asia

Review of the book Food Security in Asia, by Amitava Mukherjee Sage Publications India 2011 pp. xix+392, Rs 895/-.

by Rudra Narayan Mishra | On 04 Jan 2013

Vital Stats: Parliament in Winter Session 2012

The first half of the Winter Session of Parliament, 2012 was dominated by disruptions over and discussion on the government's notification to allow 51% FDI in the retail sector. The issue was finally...

by Devika Malik | On 21 Dec 2012

Renewable Resource Shocks and Conflict in India’s Maoist Belt

A rigorous econometric analysis of a civil conflict is conducted that the Indian Prime Minister has called the single biggest internal security challenge ever faced by his country, the so-called Mao...

by Davesh Kapur | On 13 Oct 2012

Tackling Urban and Rural Food Wastage in Southeast Asia: Issues and Interventions

Food wastage is prevalent in Southeast Asia and has significant implications for the region’s food, environmental and economic security. It is likely that the region wastes approximately 33 per cent o...

by Paul S Teng | On 08 Oct 2012

The Gender Gap in Mathematics: Evidence from Low-and-Middle Income Countries

Is there a gender gap in mathematics across many low- and middle-income countries? A detailed, comparable test score data is used to analyze this. Micro level data on school performance linked to h...

by Prashant Bharadwaj | On 04 Oct 2012

Food Inflation and Agricultural Supply Chain Management

During the current year so far, inflation at the retail level in oils and fats has been higher than at the wholesale level. While this phenomenon can be attributed to a number of factors, improvement...

by Harun R Khan | On 27 Sep 2012

Education and Employment among Muslims in India: An Analysis of Patterns and Trends

The paper reviews the available evidence on the patterns of Muslim participation in education and employment. Comparing the estimates derived from the most recent round of the National Sample Surve...

by Rakesh Basant | On 27 Sep 2012

What Do Teachers Do? Teacher Quality Vis-a-vis Teacher Quantity in a Model of Public Education and Growth

This paper analyses the contribution of teachers in a public education system and its implication for growth. Focus is given exclusively on two teacher-specfi?c inputs (teacher quality and teacher q...

by Mausumi Das | On 21 Sep 2012

Energy Savings Potential and Policy for Energy Conservation in Selected Indian Manufacturing Industries

This paper focuses on the assessment of energy savings potential in seven highly energy consuming industries. The paper estimates the energy savings potential for each of these industries using unit l...

by Manish Gupta | On 17 Sep 2012

Financial Stability Report Issue No. 5

The report reflects the collective assessment of the Sub Committee of the Financial Stability and Development Council (FSDC) on potential risks to financial stability. [RBI]. URL:[http://rbidocs.rbi....

by Reserve Bank of India RBI | On 04 Sep 2012

Creating a Vibrant Entrepreneurial Ecosystem in India: Report of the Committee on Angel Investment and Early Stage Venture Capital

Even though the economic and social benefits of thriving entrepreneurship and innovation are evident, it is critical to recognize that these benefits will only accrue if the key gaps in the ecosystem...

by Planning Commission | On 31 Aug 2012

Recent Developments in Kerala State Finances

This paper covers recent trends in a series of broad indicators of the financial health of the Government of Kerala with its developmental policy as the backdrop. It examines fiscal balances in Kerala...

by Tapas K. Sen | On 30 Aug 2012

Japan’s Post-Triple-Disaster Growth Strategy

This paper discusses the scope of the many challenges and sets out a long-term strategy for overcoming them and putting the Japanese economy on a stable growth path. [Working Paper No. 376]. URL:[http...

by Masahiro Kawai | On 24 Aug 2012

Coordinating Healthcare and Pension Policies: An Exploratory Study

Rapid ageing of the population globally represents an unprecedented historical trend. As pension and healthcare costs are positively correlated with rising incomes, ageing, urbanization, and a shift f...

by Azad Singh Bali | On 20 Aug 2012

Deriving India’s Potential Growth from Theory and Structure

Estimates suggest that Indian aggregate supply is elastic but subject to upward shocks. If supply shocks make a high persistent contribution to inflation, it implies second round pass through is occu...

by Ashima Goyal | On 16 Aug 2012

Capitalism as a System of Contingent Expectations: Toward a Sociological Microfoundation of Political Economy

Political economy and economic sociology have developed in relative isolation from each other. While political economy focuses largely on macrophenomena, economic sociology focuses on the level of soc...

by Jens Beckert | On 07 Aug 2012

Determinants of On-the-job Search in India: Macro and Micro Evidences

The main aim of this paper is to examine two core features of on-the-job search in India. First, based on National Sample Survey (NSS) 66th round unit level data, we identify the factors influencing t...

by Krishna M | On 27 Jul 2012

Water, City and Urban Planning: Assessing the Role of Groundwater in Urban Development and Planning in Delhi

The paper examines the stages and patterns of urban evolution in the Delhi metropolis and its peri-urban areas and links the role of groundwater in urban development from the past to the present. Wi...

by Suresh Kumar Rohilla | On 20 Jul 2012

Raining problems

Recent history tells us that the growth rate of the economy does not automatically go up and down with good and bad monsoons. [BS Weekend Ruminations]. URL:[http://www.business-standard.com/india/news...

by T.N. Ninan | On 18 Jul 2012

Does Access to Secondary Education Affect Primary Schooling? Evidence from India

This paper investigates if better access to secondary education increases enrolment in primary schools among children in the 6–10 age group. A household-level longitudinal survey is also done coveri...

by Abhiroop Mukhopadhyay | On 10 Jul 2012

Small Farmers in India: Challenges and Opportunities

This paper examines the roles and challenges of small holding agriculture in India. It covers trends in agricultural growth, cultivation patterns, participation of small holding agriculture, productiv...

by S. Mahendra Dev | On 06 Jul 2012

State Health Insurance and Out-of-Pocket Health Expenditures in Andhra Pradesh, India

In 2007, the state of Andhra Pradesh in southern India began rolling out the Aarogyasri health insurance to reduce catastrophic health expenditures in households “below the poverty line.” The program...

by Victoria Fan | On 05 Jul 2012

Vital Stats: Some Data on Power Supply

The deficit in the supply of electricity relative to demand at peak hours in 2011-12 was 11 per cent. While generation capacity has increased, the fuel supply situation has deteriorated. Here, some f...

by Karan Malik | On 04 Jul 2012

Inclusive National Accounts: Introduction

An outline of what would be ideally needed for a comprehensive set of national accounts is given. National governments and international agencies ought ideally to go even beyond green national accoun...

by Partha Dasgupta | On 22 Jun 2012

Capitalism, Religion, and the Idea of the Demonic

Following the debate on the relationship between capitalism and religion, this paper discusses the role of religion in present-day capitalism. It argues that neither the secularization thesis nor the...

by Christoph Deutschmann | On 11 Jun 2012

Human Capital, Economic Growth, and Inequality in China

The paper examines the Chinese Economy on the basis of four factors namely, human development, education, growth and inequality. [IZA DP No. 6550] URL: [http://ftp.iza.org/dp6550.pdf]

by James J Heckman | On 01 Jun 2012

Philippine Productivity Dynamics in the Last Five Decades and Determinants of Total Factor Productivity

The paper reviews the economic growth and productivity dynamics of Philippine economy in the past fifty years. The paper also provides an estimation of determinants of total factor productivity and la...

by Gilberto M Llanto | On 29 May 2012

Awake the Sleeper Within: Releasing the Energy of Stifled Domestic Commerce!

Policy in Pakistan has been fairly path-dependant, placing a higher weight on export promotion and domestic industrialisation development than on domestic commerce. Yet domestic commerce is growing...

by Nadeem Ul Haque | On 28 May 2012

Arsenic Contamination of Groundwater in Bangladesh

Shallow groundwater with high arsenic concentrations from naturally occurring sources is the primary source of drinking water for millions of people in Bangladesh. It has resulted in a major public...

by Imran Matin | On 28 May 2012

The Cost of Unserved Energy: Evidence from Selected Industrial Cities of Pakistan

This study is an attempt to explore the cost of unserved energy due to power outages in Pakistan that started in 2007. The study is based on a survey conducted for four major industrial cities of Pu...

by Rehana Siddiqui | On 24 May 2012

Financing the WASH Sector in India Cost of Provision and Budget Allocations

This paper attempts to estimate the fund requirements for the provision of water and sanitation services in rural and urban areas at the all India level as well as in the state of Andhra Pradesh. Th...

by V Ratna Reddy | On 22 May 2012

Group Norms and the BRAC Village Organization – Enhancing Social Capital Baseline

This study used social capital as an organizing framework to capture VO members’ group behaviour, and their current status along programme activities. The study compared the status of intervention...

by Nayma Qayum | On 22 May 2012

Adolescent Fertility in Low- and Middle-Income Countries: Effects and Solutions

Adolescent fertility in low- and middle-income countries presents a severe impediment to development and can lead to school dropout, lost productivity, and the intergenerational transmission of pover...

by Kate McQueston | On 15 May 2012

An Assessment of Inflation Modelling in India

This study analyses India’s inflation using the Phillips curve theory. To estimate an open-economy Phillips curve, we need three variables: (1) inflation (2) the output gap and (3) the real effective...

by Karan Singh | On 26 Apr 2012

Audiovisual Services in Korea: Market Development and Policies

This paper reviews economic development and the regulatory environment of audiovisual services in the Republic of Korea (hereafter, Korea). The paper specifically examines motion pictures and broadcas...

by Yeongkwan Song | On 19 Apr 2012

Measuring and Explaining the Asymmetry of Liquidity

This paper examines transactions costs in buying versus selling using a large database of snapshots of the limit order book. On the equity spot market, there is clear evidence of asymmetry in liquid...

by Rajat Tayal | On 19 Apr 2012

The BRICS Report: A Study of Brazil, Russia, India, China, and South Africa with Special Focus on Synergies and Complementarities

Th is study, which is supported by the ministries of fi nance and the central banks of the BRICS, focuses on synergies and complementarities between the economies, highlighting their role as growth ...

by Ministry of Finance | On 18 Apr 2012

Rural Labor and Rural Nonagricultural Activities in the Philippines

The study examines the different aspects of labor in the rural household economy. It identifies the factors that significantly determine the rural households' labor allocation decisions. Moreover, i...

by Maria Teresa C Sanchez | On 18 Apr 2012

Innovative Approaches to Managing Longevity Risk in Asia: Lessons from the West

This paper discusses what is longevity risk, why it is important, approaches used by the West to manage longevity risk and what lessons can be learnt by Asian countries from the experiences of the Wes...

by Amlan Roy | On 18 Apr 2012

Brides for Sale: Cross-Border Marriages and Female Immigration

Every year, a large number of women immigrate as brides from developing countries to developed countries in East Asia. This phenomenon virtually did not exist in the early 1990s, but foreign brides...

by Daiji Kawaguchi | On 16 Apr 2012

Madhya Pradesh Budget Speech: 2012-13

Hon’ble Finance Minister Shri Raghavji presented the budget for year 2012-13. The salient features of the budget estimates of 2012-13 are as follows:- • Total expenditure of ` 80030.98 crores for th...

by Madhya Pradesh Government | On 13 Apr 2012

Monetary Transmission in Pakistan: The Balance Sheet Channel

Using data of non-financial listed firms over a period of 1999-2010, this paper investigates the effectiveness of balance sheet channel in monetary transmission mechanism in Pakistan. By classifying f...

by Safia Shabbir | On 09 Apr 2012

Do Middle Classes Bring Institutional Reforms?

The link between poverty, the middle class and institutional outcomes are analyzed using a newly developed cross-country panel dataset containing detailed information on the distribution of income a...

by Norman Loayza | On 09 Apr 2012

Highlights of Madhya Pradesh Budget 2012-13

The salient features of the budget estimates of 2012-13 of Madhya Pradesh. [Ministry of Finance Madhya Pradesh]. URL:[http://www.mp.gov.in/finance/index.htm].

by Madhya Pradesh Government | On 04 Apr 2012

State Finances: A Study of Budgets of 2011-12

The budgetary data for 2011-12 indicates the commitment of States to carry forward fiscal correction, as evident from the emergence of revenue surplus after a gap of two years and consequent reductio...

by Reserve Bank of India RBI | On 03 Apr 2012

Policy and Processes that Enable Honey Export: A Case Study from India

India started exporting a small amount of honey in 1991-1992 and has now established itself as an important honey exporter to the world market. The quantity exported has increased substantially, and t...

by Harish K Sharma | On 02 Apr 2012

Approaches to the Development of Renewable and Clean Energy in Brazil, China, Egypt, India and South Africa: Lessons of Emerging Countries

The populous, fast growing emerging economies of Brazil, China, Egypt, India and South Africa face daunting challenges on the energy, environment and climate change fronts. These five countries accoun...

by Kirit Parikh | On 02 Apr 2012

Patterns of Labour Market Insecurity in Rural India: A Multidimensional and Multivariate Analysis

Labour market insecurity, recognised as pervasive in rural India, is multi-faceted. This study attempts to fill a gap in the research on key dimensions of labour market insecurity by using the Natio...

by Padmini Desikachar | On 02 Apr 2012

The 2012 Budget Speech: Malaysia

Budget speech by Finance Minister. [Ministry of Finance, Malaysia]. URL:[http://www.treasury.gov.my/index.php?option=com_content&view=article&id=2008%3Abajet-2012&catid=87%3Acatbajet-tahunan&Itemid=19...

by Minister of Finance Malaysia | On 29 Mar 2012

Budget Speech 2012-13: Mizoram

Budget Speech of PU H.LIANSAILOVA HON’BLE FINANCE MINISTER. [Government of Mizoram]. URL:[http://mizoram.nic.in/budget/Interim%20Budget%20Speech%2012-13.pdf].

by Finance Minister Mizoram | On 29 Mar 2012

Highlights of the Budget for FY2012: Japan

1) Allocating budget to the measure for the real revitalization of Japan to recover Japan’s economy and society 2) Reviewing the existing budget based on the result of evaluation by the Policy Propos...

by Ministry of Finance, Japan MOF, Japan | On 28 Mar 2012

Budget Speech 2012-13: Goa

Budget speech by Ministry of Finance, Goa. [Budget Speech]. URL:[http://www.goa.gov.in/pdf/Speech12-13.pdf].

by Goa Government | On 28 Mar 2012

Political Determinants of the Allocation of Public Expenditures: A Study of the Indian States

This study examines whether the allocation of public expenditures of the Indian states are significantly influenced by government specific political characteristics. Three types of government specif...

by Bharatee Bhusana Dash | On 27 Mar 2012

Tamil Nadu Budget Speech: 2012-13

Speech of Thiru O. Panneerselvam, Hon’ble Minister for Finance, Government of Tamil Nadu, presenting the Budget for the year 2012-2013 to the Legislative Assembly on 26th March, 2012. [Government...

by Tamil Nadu Government | On 27 Mar 2012

How Can Bill and Melinda Gates Increase Other People’s Donations to Fund Public Goods?

A simple theory is developed which formally describes how charities can resolve the information asymmetry problems faced by small donors by working with large donors to generate quality signals. To t...

by Dean Karlan | On 26 Mar 2012

BMC Budget 2012-13

Budget presented to Municipal Commissioner. . [BMC Annual Reports]. URL:[http://www.mcgm.gov.in/irj/go/km/docs/documents/MCGM%20Department%20List/Chief%20Accountant%20(Finance)/Budget/Complete%20Engli...

by Municipal Commissioner BMC | On 22 Mar 2012

Health Care Financing Reforms in India

The transfer system in India is discussed and analyses expenditure needs of States to provide essential health infrastructure. It also analyzes the fiscal space for health care in terms of stimulati...

by M Govinda Rao | On 19 Mar 2012

Annual Report (2011-12) on The Working of State Power Utilities and Electricity Departments

Major shifts in the policy initiated in the electricity sector are well documented, only then the effect of the policy change can be analyzed, especially from the point of view of laying down future p...

by Planning Commission | On 19 Mar 2012

Not the Remembered Country

The food security Bill's focus ignores changes in agriculture and eating habits. [BS editorial]. URL:[http://www.business-standard.com/india/news/t-n-ninan-notremembered-country/467874/].

by T.N. Ninan | On 19 Mar 2012

Budget Speech 2012-2013: India

Speech of Pranab Mukherjee Minister of Finance, India. [Budget Speech]. URL:[http://indiabudget.nic.in/ub2012-13/bs/bs.pdf].

by Pranab Mukherjee | On 16 Mar 2012

Oil Price Shock, Pass-through Policy and its Impact on India

This paper analyses the impact of transmission of international oil prices and domestic oil price pass-through policy on major macroeconomic variables in India with the help of a macroeconomic policy...

by N R Bhanumurthy | On 16 Mar 2012

Railway Budget 2012

The Minister of Railways, Dinesh Trivedi, presented the Railways Budget 2012 to Parliament on 14th March. In his address, he commented on the performance of Railways in 2011-12 and laid out his bud...

by Rohit Kumar | On 16 Mar 2012

The Second Fundamental Theorem of Positive Economics

Welfare Economics is fortunate that there are two Fundamental Theorems of Welfare Economics. Positive Economics on the other hand is seemingly endowed with none. One of the fundamental results of Posi...

by Anjan Mukherji | On 15 Mar 2012

Report on China's Central, Local Budgets (2012)

REPORT ON THE IMPLEMENTATION OF CENTRAL AND LOCAL BUDGETS FOR 2011 AND ON DRAFT CENTRAL AND LOCAL BUDGETS FOR 2012. [Ministry of Finance Report]. URL:[http://www.npc.gov.cn/englishnpc/news/...

by Ministry of Finance China | On 15 Mar 2012

State of Indian Agriculture 2011-12

The report reviews the status and performance of agriculture, especially during the last two decades, and also presents what could be the way forward, given our objectives of accelerated growth, inc...

by Ministry of Agriculture GOI | On 14 Mar 2012

The Union Budget: A Primer

This week, the finance minister presents a statement to Parliament of how much money the central government expects to raise in the next financial year, and how it will spend that money. The budget sp...

by Avinash Celestine | On 12 Mar 2012

Federal Budget of Pakistan-2011-12

BUDGET SPEECH 2011-2012 by DR. ABDUL HAFEEZ SHAIKH, Minister for Finance, Revenue, Economic Affairs, Statistics and Planning & Development.

by Minister of Finance Pakistan | On 12 Mar 2012

Theft and Loss of Electricity in an Indian State

Utilizing data from the power corporation of Uttar Pradesh, India’s most populous state, the politics of electricity theft over a ten year period (2000–09) is studied. It is seen that electricity the...

by Miriam Golden | On 06 Mar 2012

Issues and Challenges with the Philippines' Public Corporate Sector

Government-ownedand- controlled corporations were initially created as solutions to market imperfections. It is ironic therefore, that in recent years, they have come to be seen as problems t...

by Senate Economic Planning Office SEPO | On 06 Mar 2012

Penance time

The time has come for the governmant to make up for its sins of the past three years. The Budget must be judged on whether it shows that the govt is in the mood to recognize its follies, and in a posi...

by T.N. Ninan | On 05 Mar 2012

What is the (New) Deal with Fragile States?

Poor governance and lack of state capabilities in around 45 countries pose a threat to global security and development. The involvement of the international community is required to help these st...

by Wim Naudé | On 02 Mar 2012

Annual Report 2011-12 On the Working of State Power Utilities and Electricity Departments

Major shifts in the policy initiated in the electricity sector are well documented so that the effect of this policy change can be analyzed especially from the point of view of laying down future poli...

by Planning Commission | On 28 Feb 2012

Capital Accumulation and Convergence in a Small Open Economy

Outward-oriented economies seem to grow faster than inward-looking ones. Does the literature on convergence have anything to say on this? In the dynamic Heckscher-Ohlin-Samuelson model, with factor-pr...

by Partha Sen | On 28 Feb 2012

Indian Islam in the Age of Industry

Review of Bombay Islam: The Religious Economy of the West Indian Ocean, 1840-1915. by Nile Green. Cambridge University Press, New York 2011. xvi + 327 pp. $90.00 (cloth), ISBN 978-0-521-76924-2.

by Fahad A. Bishara | On 26 Feb 2012

Electoral Rules, Forms of Government and Redistributive Policy: Evidence from Agriculture and Food Policies

The effect of electoral rules and forms of government on public policy outcomes using a new dataset on agriculture and food policies from 74 countries over the 1960-2005 period is investigated. Using...

by Alessandro Olper | On 22 Feb 2012

Citizens, Legislators, and Executive Disclosure: The Political Determinants of Fiscal Transparency

Empirical evidence on the beneficial effects of fiscal transparency ranges from improved budgetary outcomes, to lower sovereign borrowing costs and decreased corruption. Despite this, hardly any effor...

by Joachim Wehner | On 19 Feb 2012

Economics of Mango Cultivation

The paper is based on "Commodity Specific Study on Mango" undertaken by NABARD in the states of Andhra Pradesh, Maharashtra and West Bengal. For the study, A total sample of 186 respondents was sele...

by G.D. Banerjee | On 17 Feb 2012

Violent Conflict and Human Capital Accumulation

This paper reviews and discusses available empirical research on the impact of violent conflict on the level and access to education of civilian and combatant populations affected by violence. Three ...

by Patricia Justino | On 15 Feb 2012

Whither Human Capital? The Woeful Tale of Transition to Tertiary Education in India

In this paper the issue of high dropout rates in India is examined which has adverse implications for human capital formation, and hence for the country’s long term growth potential. Using the 2004-0...

by Manisha Chakrabarty | On 14 Feb 2012

Are Saving and Investment Cointegrated? A Cross Country Analysis

Saving is an important part of the economic process that gives rise to investment and economic growth. In this paper an attempt is made to explore the relationship between saving and investment in t...

by Sanjib Bordoloi | On 14 Feb 2012

Economic Growth, Comparative Advantage, and Gender Differences in Schooling Outcomes: Evidence from the Birthweight Differences of Chinese Twins

Data from two surveys of twins in China are used to contribute to an improved understanding of the role of economic development in affecting gender differences in the trends in, levels of, and retur...

by Mark Rosenzweig | On 13 Feb 2012

The Financial Structure and Performance of Philippine Credit Cooperatives

This study is an attempt to assess the importance and potential impact of any further development of the credit cooperative sector; identify development interventions that will result in a strong Fil...

by Gilberto M Llanto | On 13 Feb 2012

Causal Relationship between Saving, Investment and Economic Growth for India – What does the Relation Imply?

This study investigates the relationship between saving, investment and economic growth for India over the period 1950-51 to 2007-08. The literature on the role of saving in promoting economic growt...

by Ramesh Jangili | On 09 Feb 2012

Foreign R&D Centres in India: An Analysis of their Size, Structure and Implications

The study measures the contribution of MNCs to the generation of innovations from India. The focus is on innovations that are carried out in foreign R&D Centres. After having mapped out the size of...

by Rakesh Basant | On 06 Feb 2012

The Euro Zone Crisis and its Dimensions and Implications

The sovereign debt problems in the peripheral economies of the euro zone has started to pose a serious threat to the main economies of the Europe and perhaps to the future of the 'euro‘ itself. Such a...

by M R Anand | On 06 Feb 2012

Inflation in Nepal

A large number of studies in Nepal have been conducted to identify the factors responsible for inflation based on the different theories of inflation. Although these studies provide insight into the...

by Nepal Rastra Bank Research Department NRB | On 02 Feb 2012

Fiscal Policy in India: Trends and Trajectory

This essay examines the trajectory of India?s fiscal policy with a focus on historical trends, fiscal discipline frameworks, fiscal responses to the global financial crisis and subsequent return to a...

by Supriyo De | On 31 Jan 2012

“Reserve Bank of India Post-Policy Conference Call”

RBI Governor D. Subbarao answering to researchers after publishing the monetary policy. [RBI]. URL:[http://rbidocs.rbi.org.in/rdocs/Content/PDFs/RBIRA27012012.pdf]

by Reserve Bank of India RBI | On 30 Jan 2012

Total Sanitation Campaign - Progress and Issues: Situational Analysis of Andhra Pradesh with reference to Total Sanitation Campaign

This paper has tried to address some key research questions like will India and Andhra Pradesh achieve the Millennium Development Goal of Sanitation ? Are the TSC targets realistic? What is coverage...

by M Snehalatha | On 25 Jan 2012

Power, Profits and Inflation: A Study of Inflation and Influence in Pakistan

The analysis seeks to look at inflation as a political economic phenomenon, based on a framework devised by Jonathan Nitzan and christened differential accumulation. The theory of differential accumul...

by Syed Ozair Ali | On 05 Jan 2012

Inter-connectedness of Banks and NBFCs in India: Issues and Policy Implications

The recent global financial crisis (2007-09) has clearly highlighted the gravity of high financial inter-connectedness within the financial system. In the Indian context, this brief study attempts to...

by Karunagaran A | On 05 Jan 2012

The Evolving Dynamics of Global Economic Power in the Post-crisis World: Revelations from a New Index of Government Economic Power

This paper develops an index for measuring the economic power of governments viewed as entities in themselves. The basic idea is to encapsulate the economic representative power of a nation’s governme...

by Kaushik Basu | On 27 Dec 2011

Insights into Workers and ‘Political’ Union

Review of the book Workers, Unions and Global Capitalism: Lessons from India, Rohini Hensman, Tulika Books, New Delhi, 2011, pp. xix + 415

by Sharit Bhowmik | On 27 Dec 2011

Seasonal Migration and Risk Aversion

Pre-harvest lean seasons are widespread in the agrarian areas of Asia and Sub-Saharan Africa. Every year, these seasonal famines force millions of people to succumb to poverty and hunger. An incentive...

by Gharad Bryan | On 20 Dec 2011

Monetary Neutrality in the Nepalese Economy during 1975-2008

One of the methods of measuring the effectiveness of monetary policies is via inspection of monetary neutrality in the economy. It is a concept from classical economics and it suggests that changes...

by Mukesh Khanal | On 16 Dec 2011

The Welfare Impacts of Leasehold Forestry in Nepal

The study analyzes the role of the leasehold forestry (LHF) program in improving household welfare in Nepal. Both the time saved in biomass collection and the addition to income through increases in b...

by Bishnu Prasad Sharma | On 15 Dec 2011

Union Power November 2011

The three year journey of the G-20 Heads of Government Summit from Washington in 2008 to Paris this November is signified by two markers of the depth of the global capitalist crisis. First, that the c...

by Louise Ross | On 14 Dec 2011

Consumption Taxes: Their Ramifications for Income Distribution

The distribution effects or incidence of consumption taxes such as the Value Added Tax (VAT), Goods and Services Tax (GST) remains a contentious issue. Three aspects have to be distinguished. First is...

by Parthasarathi Shome | On 13 Dec 2011

Where Socrates Fears to Tread……

Review of the book 'Social Income and Insecurity: A Study in Gujarat' by Guy Standing, Jeemol Unni, Renana Jhabvala, and Uma Rani Routledge India, 2010 216 pages.

by N. Vijayamohanan Pillai | On 12 Dec 2011

Monetary and Fiscal Policy in the Presence of Informal Labour Markets

How does informality in emerging economies affect the conduct of monetary and fiscal policy? To answer this question two-sector, formal-informal new Keynesian closed-economy is constructed. The inf...

by Nicoletta Batini | On 02 Dec 2011

Social Security and Labor Migration in ASEAN

This policy brief takes a preliminary look at portability of social security in ASEAN, particularly old-age, retirement, and survivor benefits. The next section discusses the growth of intra-ASEAN...

by Gloria O. Pasadilla | On 28 Nov 2011

The Challenge of Food Inflation

The trends in food inflation over the past 60 years are given. Having thus set the context, the factors driving structural food inflation, which should give us a perspective of the underlying dynam...

by Duvvuri Subbarao | On 24 Nov 2011

In Search of Growth

With deep crisis weakening potential output growth, the need for an explicit growth policy is emerging most starkly in Japan, the EU and the US. If properly shaped, this will help to consolidate bud...

by Klaus Deutsch | On 21 Nov 2011

The Impossible Trinity and Capital Flows in East Asia

The Impossible Trinity doctrine still holds a powerful sway over policymakers, advisors (particularly the International Monetary Fund [IMF]) and academia. In East Asia over the past decade, however,...

by Stephen Grenville | On 15 Nov 2011

Macro-Economic Policy Outcomes and Agriculture Relation between Fiscal Deficits and Investment in Agriculture

In an earlier paper (Alagh, Munish, 2011) it was shown that macro economics matters in agriculture. The relevance of understanding the impact of macro-economic policy on agriculture was outlined. A...

by Munish Alagh | On 24 Oct 2011

Does Greater Autonomy Improve Performance? Evidence from Water Service Providers in Indian Cities?

The efficiency of urban water supply in 27 Indian cities are analyzed using data envelopment analysis (DEA). Cities are grouped by the management structure of their water utilities. Utilities with g...

by Shreekant Gupta | On 24 Oct 2011

Transactions Matter but They Hardly Cost: Irrigation Management in the Kathmandu Valley

This study estimates the transaction costs entailed in maintaining Farmer Managed Irrigation Systems (FMIS) in Nepal based on a case study of 60 irrigation systems in the Kathmandu valley. It analyz...

by Ram Chandra Bhattarai | On 18 Oct 2011

An Empirical Analysis of Monetary and Fiscal Policy Interaction in India

This study analyses the behaviour of monetary and fiscal policies interaction in India using quarterly data for 2000Q2 to 2010Q1. It finds that, even after the elimination of automatic monetisation...

by Janak Raj | On 11 Oct 2011

Competition for Foreign Capital: Endogenous Objective, Public Investment and Tax

In this paper the objective functions of the regions as well as their decision to provide public investment are endogenized in a model of competition for foreign owned mobile capital. It is demonstra...

by Rupayan Pal | On 04 Oct 2011

User-based Financing of Marine Protection in the Maldives

This paper provides an economic valuation of the recreational uses of atoll-based marine resources in the Republic of the Maldives. A travel demand model to estimate the benefits of atoll-based marin...

by Mahadev G Bhat | On 30 Sep 2011

Openness, Economic Growth and Labour Migration in times of Global Downturn: with Special Reference to Asian Examples

This paper starts by examining some of the variables that have been considered important determinants of openness and how views of these have changed over the last twenty years. It then considers th...

by Kenneth E Jackson | On 29 Sep 2011

Monetary Policy Dilemmas: Some RBI Perspectives

Over the last decade, the profile of central banks has gone up. First, we had the Great Moderation - a period of extraordinary benign macroeconomic environment globally, characterized by steady growth...

by Duvvuri Subbarao | On 27 Sep 2011

Iraq’s Last Window: Diffusing the Risks of a Petro-State

This paper, examines the possibility of adopting Oil- to- Cash scheme in Iraq. Here, a new opportunity is identified which aims for direct distribution of Iraqi oil rents in the planned production exp...

by Johnny West | On 19 Sep 2011

History of Monetary Policy in India since Independence

An SIIO paradigm, based on structure and ideas that become engraved in institutions and affect outcomes, is developed to examine and assesses monetary policy in India after independence. Narrative h...

by Ashima Goyal | On 16 Sep 2011

Returns to Education in India: Some Recent Evidence

This paper estimates returns to education in India using a nationally representative survey. The standard Mincerian wage equation separately for rural and urban sectors is estimated. To account for th...

by Tushar Agrawal | On 06 Sep 2011

Agricultural Economy of India and Macro-Economic Effects: Some Empirical Results and a Research Agenda based on the Literature

This paper focuses on macroeconomic linkages with agriculture. From an extensive literature review the question that emerges is: is there a structural constraint in Indian agriculture or does Indian...

by Munish Alagh | On 02 Sep 2011

Market Dynamics in Supply Chains: The Impact of Globalisation and Consolidation on Food Companie's Mark-ups

This paper examines whether ownership and increased competitive pressure affect food retailers’ market power, analysing whether all actors involved in the food supply chain deviate from the pricing be...

by Eleni A Kaditi | On 29 Aug 2011

Institutional Innovations and Models in the Development of Agro-Food Industries in India: Strengths, Weaknesses and Lessons

Agro-industries are given high priority in India particularly because of their great potential for contributing to development. The emphasis on village-based agro-industries was introduced almost a...

by Vasant P Gandhi | On 29 Aug 2011

Technology in Banking- In Pursuit of Excellence

The contribution of technology to the Indian banking industry, the role played by IDRBT and the significance of banking technology awards, in fostering the technological developments of banks. Issues...

by Anand Sinha | On 23 Aug 2011

From Economic Meltdown to Social Crunch – Impact of the Global Economic Recession on Social Capital Building in Developing Countries and What We still Don't Know!

This paper draws on the experiences of the Far East Economic Crisis in 1998 and argues that: (1) the poor depended heavily on bonding social capital during the Crisis, but the crunch-point beyond wh...

by Sam Wong | On 22 Aug 2011

Foreign Direct Investment and Technology Spillover: An Evaluation Across Different Clusters in India

The paper attempts to explore the technology spillover effects of Foreign Direct Investment (FDI) in Indian manufacturing industries across different selected clusters in India. To measure the spillov...

by Pami Dua | On 12 Aug 2011

Determinants of Primary Yield Spreads of States in India: An Econometric Analysis

An attempt is made to identify the determinants of yield spreads between the State and Central government securities in a panel data framework as has been used in several cross-country studies. This...

by Dhritidyuti Bose | On 08 Aug 2011

Treatment of Valuables as Capital Formation in India: Some Issues and Perspectives

As per UNSNA recommendations, valuables as a separate item had been introduced in the expenditure side of GDP. Since India is one of largest importer and user of gold for various purposes, this trea...

by Rakesh Kumar | On 04 Aug 2011

Demand for Fertiliser in India: Determinants and Outlook for 2020

The paper begins with an overview of fertiliser consumption trends and then identifies important determinants of fertiliser demand and develops projects demand scenarios for fertilisers in India in 20...

by Vijay Paul Sharma | On 29 Jul 2011

Recent Employment Situation and Labor Market Developments in Bangladesh

This note examines recent trends in the labor market and employment situation in Bangladesh and draws some policy implications keeping the poverty reduction imperatives in view. [BB PP No. 0807]. URL:...

by Md. Habibur Rahman | On 26 Jul 2011

Shocks, Economic Growth and the Indian Economy

This paper analyses the impact of domestic and external shocks on the Indian economy. A macro-modelling framework is developed that evaluates the impact of two domestic shocks (rainfall shortfall an...

by B B Bhattacharya | On 15 Jul 2011

Speed of Adjustment and Inflation – Unemployment Tradeoff in Developing Countries – Case of India

This paper estimates the short-run aggregate supply curve for the Indian economy over the period 1950-51 to 2008-09. Methodological improvements in this paper include the technique of estimating adapt...

by Ravindra H Dholakia | On 14 Jul 2011

Inter-State Imbalances in Essential Services: Some Perspectives

This paper analyzes the inter-state imbalances in three major sectors of the economy, namely, education, health and family welfare, and water supply and sanitation for fifteen major states. It uses...

by C Bhujanga Rao | On 14 Jul 2011

Fisher’s Equation: Some Methodological Doubts

The Fisher's equation has become a foundation stone of modern macroeconomic, monetary and financial theories. Here it is shown that despite the estabilished status of Fisher's equation, it stands on...

by Rajas Parchure | On 04 Jul 2011

Understanding Foreign Direct Investment in East Asia

The authors recount East Asia's experience with foreign direct investment (FDI). They document that, contrary to the Rybczynski theorem, capital flows in the region cause the host country's labor-inte...

by Willem Thorbecke | On 04 Jul 2011

Fiscal Policy for Poverty Reduction, Reconstruction, and Growth

Growth, poverty reduction, and social peace are all undermined when public expenditure management and taxation are weak and when the fiscal deficit and public debt are not managed successfully. And la...

by Tony Addison | On 04 Jul 2011

India’s Experience in Navigating the Trilemma: Do Capital Controls Help?

Managing capital flows is the key policy challenge for emerging economies like India in the aftermath of the crisis. In contrast to other emerging markets who are levying capital controls, India‘s mac...

by R. Kohli | On 04 Jul 2011

Commons And Community: Evidence From Southwestern Tribal Belt Of Madhya Pradesh

Sah and Shah (2003) have shown that the incidence of poverty in the South-Western tribal belt of Madhya Pradesh is alarmingly high. About three fifths of the households in this tribal belt were catego...

by D.C. Sah | On 04 Jul 2011

On Graham’s Theory of Multicountry Multicommodity Trade

Mathematical formulations of Frank D. Graham’s theory of multicountry multicommodity trade have not provided numerical methods for finding the world trade equilibrium. Graham was in possession of su...

by Rajas Parchure | On 27 Jun 2011

Socio-economic Dimensions of Globalization in India

After Independence, the managers of the Indian economy took very cautious steps. They found the world sharply divided into two blocs: the one led by the capitalist economies (the US in particular) a...

by S.K. Mishra | On 24 Jun 2011

Challenges and Opportunities in a Trillion Dollar Economy

The Indian economy reached the trillion US dollar GDP milestone in 2007 and joined other countries of the trillion dollar club, namely, the US, UK, Japan, Germany, China, France, Italy, Spain, Canada,...

by Chakrabarty K C | On 21 Jun 2011

Fixed Costs, The Balanced-Budget Multiplier and Welfare

In a two-sector model, where one of the sectors is monopolistically competitive and subject to increasing returns to scale but without love for variety, the effects of a balanced budget fiscal expansi...

by Partha Sen | On 20 Jun 2011

Diversification in Rural Livelihood Strategies: A Macro-Level Evidence from Jammu and Kashmir

The paper attempts to understand broadly the dynamics of rural livelihood diversification in the state of Jammu and Kashmir. This paper also throws up some issues, which one can delineate at micro-lev...

by Rajeev Sharma | On 20 Jun 2011

Demand or Supply for Schooling in Rural India?

Is the poor human capital investment by rural Indian families primarily a supply side or a demand side issue? This paper examines school attendance and total human capital investment time (time in sc...

by Sripad Motiram | On 13 Jun 2011

Captured by Cotton: Exploited Dalit Girls Produce Garments in India for European and US Markets

In this report, the widespread use of the Sumangali Scheme in Tamil Nadu is illustrated by four case studies of such vertically integrated enterprises of which the European and US buyers were identif...

by HAQ Centre for Child Rights HAQCRC | On 08 Jun 2011

Global Capitalism Theory and the Emergence of Transnational Elites

The class and social structure of developing nations has undergone profound transformation in recent decades as each nation has incorporated into an increasingly integrated global production and fin...

by William I. Robinson | On 03 Jun 2011

Demand or Supply for Schooling in Rural India?

Is the poor human capital investment by rural Indian families primarily a supply side or a demand side issue? School attendance and total human capital investment time (time in school plus travel ti...

by Sripad Motiram | On 01 Jun 2011

Closure for the Sraffa System: A Theory of Value, Distribution and Growth

The purpose of this paper is to pursue the implications of closing, in the sense of rendering determinate, the Sraffa equations of production, prices and distribution [Sraffa (1960)] by adding to th...

by Rajas Parchure | On 01 Jun 2011

Moving to Goods and Services Tax in India: Impact on India’s Growth and International Trade

The broad objectives of this study refer to analysing the impact of introducing comprehensive goods and services tax (GST) on economic growth and international trade; changes in rewards to the fac...

by National Council of Applied Economic Research | On 19 May 2011

India's Financial Globalisation

India embarked on reintegration with the world economy in the early 1990s. At first, a certain limited opening took place emphasizing equity flows by certain kinds of foreign investors. This openin...

by Ajay Shah | On 10 May 2011

Budget Speech 2010-2011 (Nepal)

This paper contains the public statement on income and expenditure of Fiscal Year 2010‐11. URL: [http://www.mof.gov.np/publication/speech/2010_1/pdf/budgetspeech_english.pdf]

by Ministry of Finance, Government of Nepal | On 10 May 2011

A Review of India's Industrial Policy and Performance

When India’s industrial policy chronicle is reviewed, it is found that the country has mainly followed three regimes after independence. These are the planned or controlled period till the end of th...

by G Burange | On 02 May 2011

Find Me the Money: Financing Climate and Other Global Public Goods

In this paper, four categories of existing resource-mobilization options are examined, including (1) transportation levies; (2) currency and financial transaction taxes; (3) capitalization of IMF S...

by Nancy Birdsall | On 21 Apr 2011

Did the Indian Capital Controls Work as a Tool of Macroeconomic Policy?

In 2010 and 2011, there has been a fresh wave of interest in cap- ital controls. India is one of the few large countries with a complex system of capital controls, and hence others an opportunity to...

by Ila Patnaik | On 21 Apr 2011

Financial Transactions Taxes

This paper attempts to address both theoretical and practical considerations for a tax such as financial transactions taxes (FTT). It includes examples of FTT in the wider context, for example, on sto...

by Parthasarathi Shome | On 18 Apr 2011

Financial Regulatory Harmonization in East Asia: Balancing Domestic and International Pressures for Corporate Governance Reforms

Focusing on corporate governance, which many see as a critical part of the 1997 Asian financial crisis, and which is also seen as unresponsive to calls for change, this paper argues that such harmoniz...

by Richard W Carney | On 12 Apr 2011

How to Read the Budget

This note is intended as a brief guide on how the budget papers are organised, and how to find the exact information that a reader wants (expenditure on a particular scheme of interest, or total budge...

by Avinash Celestine | On 12 Apr 2011

Financing Pattern of Indian Corporate Sector Under Libaralisation: With Focus on Acquiring Firms Abroad

An attempt has been made in this paper to analyse the financing pattern of Indian corporate sector during 1990-2009. This paper further seeks to identify the pattern of resource mobilisation of Ind...

by P L Beena | On 08 Apr 2011

Deficit Fundamentalism vs Fiscal Federalism: Implications of 13th Finance Commission’s Recommendations

The important recommendations of the Thirteenth Finance Commission (THFC) can be categorised under the following heads: • Enhanced vertical devolution from 30.5 to 32 per cent of divisible pool of ...

by Pinaki Chakraborty | On 31 Mar 2011

Budget 2011-12, Delhi

Budget speech by finance minister. URL: [http://delhi.gov.in/wps/wcm/connect/21d1f280463783518436871b84a2a7b0/CM+Speech+-+PRINT.pdf?MOD=AJPERES].

by Government of Delhi | On 30 Mar 2011

Hot Topics for the Future of PRC and Hong Kong, China

At the end of 2004, the macroeconomic balance in the People’s Republic of China (PRC) raises some interesting options. The external sector enjoys a huge surplus, with significant increases in the cu...

by Toshiki Kanamori | On 25 Mar 2011

Banking Laws Amendment Bill

The government introduced a bill in the Lok Sabha on Tuesday that seeks to align voting rights in private banks with shareholding, enhance the central bank’s regulatory powers over banks and give grea...

by Economic Times ET | On 23 Mar 2011

Social and Economic Policies to Prevent Complex Humanitarian Emergencies Lessons from Experience

In simple language and with numerous concrete examples, this policy brief analyses the impact - among others - of key ex-ante factors such as acute 'horizontal inequality' between social groups in the...

by Jeni Klugman | On 22 Mar 2011

Banking and Beyond: New Challenges before Indian Financial System

A very basic and core issue for the Indian banking system and that is the challenge of achieving Financial Inclusion. Without being inclusive, financial and economic stability cannot be sustainable. F...

by Chakrabarty K C | On 17 Mar 2011

Where are Food Prices Heading?

This paper aims to review the main considerations around food price movements. It includes a discussion on the impact of speculation. URL:[https://www.dbresearch.com/PROD/DBR_INTERNET_EN-PROD/PROD00...

by Claire Schaffnit Chatterjee | On 16 Mar 2011

A Green Venture Fund to Finance Clean Technology for Developing Countries

A structure for the green venture fund (GVF) and explain the design rationale, operating principles and key parameters for two funds of funds for technology innovation and deployment is proposed. Some...

by Darius Nassiry | On 16 Mar 2011

Budget 2011-12, Punjab

Budget speech by Finance minister. URL:[http://punjabgovt.nic.in/departments/Budget/budget/budget.htm].

by Government of Punjab | On 16 Mar 2011

Investment and Capital Market Imperfections: Some Evidence from a Developing Economy, India

The paper presents a switching regression model of investment decision, where the probability of a firm facing financial constraint is endogenously determined. The approach, therefore, obviates the...

by Saumitra N Bhaduri | On 11 Mar 2011

Budget Impact on Various Sectors

Budget reactions from various sectors

by Leena Chandan | On 09 Mar 2011

Budget for Gender Equity

The budgetary policy of the Government has a major role to play in achieving objectives of gender equality and growth through content and direction of Fiscal and Monetary Policies, measures for r...

by Government of India Ministry of Women and Child Development | On 08 Mar 2011

The (mis)allocation of Capital

Is capital allocated so that its marginal product is equated to the market interest rate? Is the marginal product of capital equalized across its alternative uses. This paper attempts to answer both...

by Abhijit V. Banerjee | On 08 Mar 2011

Panchayats and Economic Development

The objective of this study is to review the analytical literature on the relationship between decentralisation and development, bring out the impact of decentralisation on economic development from...

by M.Govinda Rao | On 07 Mar 2011

Failed States, Vicious Cycles, and a Proposal

The problems of failed states, including the repeated return to power of former warlords are examined. It is argued that this causes institutions to become weaker and people to get poorer. It is argue...

by Raghuram G. Rajan | On 04 Mar 2011

Preservation of Lakes in the City of Bangalore

The Karnataka High Court, while hearing a public interest litigation on the state of lakes and waterbodies in and around Bangalore, constituted a ten-member commitee under the chair of the high court...

by N. K Patil | On 04 Mar 2011

Modeling the Private Sector in the PRC

The development of private enterprises in the PRC has its own specific background. During the 1950s, the old Chinese capitalist economy essentially died out with the establishment of the PRC and the...

by Toshiki Kanamori | On 04 Mar 2011

BMC Budget 2011-12

Budget presented to Municipal Commissioner

by Municipal Commissioner BMC | On 01 Mar 2011

Budget 2011-2012

Budget speech 2011-2012 by Pranab Mukherjee.

by Pranab Mukherjee | On 01 Mar 2011

Post-Tsunami Recovery: Lessons from Case Study 1. Sri Lanka

The tsunami of December 26, 2004 left Sri Lanka with over 30,000 people dead, almost a million displaced and an estimated 150,000 people lost their primary source of livelihood. There was massive d...

by Sisira Jayasuriya | On 28 Feb 2011

Managing Capital Flows in Asia: Policy Issues and Challenges

Capital inflows provide emerging market economies with invaluable benefits in pursuing economic development and growth by enabling them to finance investment, smooth consumption, diversify risks, a...

by Masahiro Kawai | On 25 Feb 2011

Will it be Different this Time?

All proposals and policy measures in the forthcoming Budget may best be summed up as efforts to improve the sustainability of growth. Specific objectives are likely to be lowering inflation and defici...

by IRIS India IRIS | On 22 Feb 2011

Measuring Accuracy of Projections of Central Taxes by the Finance Commission

This paper looks at the quality of forecasts/assessments made by some of the recent Finance Commissions for the shareable central taxes and own tax revenues of selected states. The Commissions cover...

by D K Srivastava | On 22 Feb 2011

Budget Expectations

Budget expectations from various sectors are given. URL:[ http://www.myiris.com/newsCentre/storyShow.php?fileR=20110217120638043&secID=fromnewsroom&secTitle=From the News Room&dir=2011/02/17].

by IRIS India IRIS | On 21 Feb 2011

Punishing the Poor? A Look at Evidence and Action Regarding User Fees in Health Care

This policy brief aims to summarise evidence and discuss various concerns about charging user fees from a low-income perspective.

by ... CEHAT | On 16 Feb 2011

Kerala Budget 2011-12

The Minister for Finance, Dr. T. M. Thomas Issac presented the Budget for the financial year 2011-2012.

by Government of Kerala Govt | On 14 Feb 2011

Indian Economy: Selected Methodological Advances

This paper develops tools to examine selected major issues in the Indian economy. The study computes the potential growth rate of the economy and the agricultural sector, extends the analysis of fisca...

by Mathew Joseph | On 11 Feb 2011

Asymmetric Shocks and Co-movement of Price Indices

This paper is an attempt to gauge the relationship between the long run paths of consumer price index and wholesale price index of Pakistan. For the empirical analysis the Johansen cointegration tec...

by Nasir Hamid Rao | On 07 Feb 2011

Democracy and Decentralisation: a Study of Local Budgets in two Districts of Karnataka

The aim of this paper is to study the devolution of finances in Karnataka. For facilitating the study the budgets of Zilla Panchayats of four districts are analyzed and also development of these regio...

by A. Indira | On 07 Feb 2011

Privstization in a Small Open Economy with Imperfect Competition

Privatization is analysed in a general equilibrium model of a small, tariff-distorted, open economy. There is a differentiated good produced by both private and public sector enterprises. A reductio...

by Arghya Ghosh | On 04 Feb 2011

The Global Financial Crisis and Macroeconomic Policy Issues in Asia

The purpose of this policy brief is to draw lessons from the recent and ongoing macroeconomic policy experience of Asia’s economies. To do so, in each of three policy areas (monetary, fiscal, and e...

by Shinji Takagi | On 04 Feb 2011

Reforming the Indian Financial System

The key features of Indian finance is summarised. With a growing savings rate and a growing share of private corporate capital forma- tion, and with a high growth rate of GDP, Indian finance is rapi...

by Ajay Shah | On 03 Feb 2011

India’s Fiscal and Monetary Framework: Growth in An Opening Economy

Since a crisis is a shock impinging on a system, the response can be used to deduce aspects of the system’s structure. Analysis of the crisis and recovery suggests aggregate supply in India is elasti...

by Ashima Goyal | On 01 Feb 2011

Conditionality and Endogenous Policy Formation in a Political Setting

The paper examines two issues associated with aid and fiscal policy. First, how best the conditionality behind foreign aid, sometimes non-economic, is complied within a principal-agent framework. In...

by S Mansoob Murshed | On 01 Feb 2011

Russia’s Quasi-Sovereign Debt: A Sizeable Contingent Liability

An overview of corporate and quasi-sovereign debt in Russia is provided. Fiscal sustainability in Russia in a broader framework analysed. Scenarios for public debt developments until 2020, also taking...

by Maria Arakelyan | On 31 Jan 2011

Remittances and Financial Inclusion in Development

In this paper they focus on the relationship between remittance inflows and financial inclusion in developing countries. They present single equation estimates on remittances and financial inclusi...

by Helen S. Toxopeus | On 21 Jan 2011

Postconflict Countries: Strategy for Rebuilding Fiscal Institutions

This paper reviews the challenges and experiences in rebuilding fiscal institutions in postconflict environments, based on advice from the IMF’s Fiscal Affairs Department to selected countries. Th...

by Sanjeev Gupta | On 20 Jan 2011

Evolution of India’s Exchange Rate Regime

The paper analyzes the changing INR trends over the reform period, in the context of fundamental determinants of exchange rates. [WP-2010-024].

by Ashima Goyal | On 13 Jan 2011

Economic Reforms and Infrastructure Spending: Evidence from China and India

This paper examines the country specific effect of policy reform on infrastructure spending in China and India. In China we have examined how marketization and decentralization has affected the co...

by Pinaki Chakraborty | On 10 Jan 2011

The Report of the Thirteenth Finance Commission Conundrum in Conditionalities

The focus of this paper is to examine the approach of the Commission in regard to its Terms of Reference (ToR) and analyse the recommendations relating to its main task, namely tax devolution and gr...

by M Govinda Rao | On 07 Jan 2011

Monetary Policy, Capital Flows, and the Exchange Rate

The use of monetary policy in India has been constrained by a loose fiscal policy and capital flows. Capital inflows have the potential to cause a Dutch Disease-type situation. The RBI has carried out...

by Partha Sen | On 06 Jan 2011

Poverty and the Welfare Costs of Risk Associated with Globalization

‘Globalization’ implies change, and uncertainty over future change may affect household welfare. They use data on Lorenz curves over the last fifty years for a sample of 53 (mostly developing) cou...

by Ethan Ligon | On 24 Dec 2010

A Technical Paper on “Inflation Indexed Bonds (IIBs)"

This technical paper sets out the benefits and downsides of issuing IIBs along with explaining its structure comprising of indexation (principal or interest), inflation index lag, issuance method, met...

by Reserve Bank of India | On 17 Dec 2010

The Future of Financial Liberalization in South Asia

The paper defines financial liberalization, distinguishing between liberalization of domestic financial markets and capital account convertibility. It then examines the stages and the strategy of Ind...

by Ashima Goyal | On 14 Dec 2010

Venture Capital and Micro-finance Instituted Business Plan for a School Edupreneur

The report is a study of possibilities for the institutionally disabled entrepreneurs to raise capital from private players like venture capitalists and micro-finance institutions.

by Mallika Chawla | On 13 Dec 2010

More than Money: Impact Investing for Development

Much of development policy is geared toward increasing investment and creating the conditions that allow private capital flows to take the place of development assistance. The renowned development s...

by John Simon | On 10 Dec 2010

Consumer Preferences for Water Supply? An Application of Choice Models to Urban India

This paper examines consumer preferences for the attributes of alternative sources of water supply in Chennai, based on a household survey where respondents were given the description of a set of op...

by P. B. Anand | On 08 Dec 2010

Some Speculation on Growth, Disparity and Capital Reorganisation in the Indian Economy

This paper is all about speculations on growth, disparity and Capital reorganisation in Indian Economy. [Working Paper No. 124]

by Sudipto Mundle | On 06 Dec 2010

'Slippage': The Bane of Rural Drinking Water Sector (A Study of Extent and Causes in Andhra Pradesh)

Slippage is one of the main bottlenecks of achieving full coverage of water and sanitation services in India. This paper makes an attempt to identify the causes of slippage in a systematic manner. T...

by V. Ratna Reddy | On 02 Dec 2010

Linking Vertical and Horizontal Markets for Innovations at Grassroots: Sustainability Imperative

The supply chain management is at the core of globalising world. Today the large corporations are able to source materials from all around the world and sell it in the most interior parts of the dev...

by Anil K Gupta | On 01 Dec 2010

Does Aid Mitigate External Shocks?

This paper investigates the role of aid in mitigating the adverse effects of commodity export price shocks on growth in commodity-dependent countries. Using a large cross- country dataset, they fin...

by Paul Collier | On 25 Nov 2010

The Composition of Aid and the Fiscal Sector in an Aid-Recipient Economy: A Model

Building on recent work in the fiscal response literature, the present paper develops a new fiscal response model, which, for the first time in the relevant literature, combines the ideas of both en...

by George Mavrotas | On 24 Nov 2010

Determinants of Trade Misinvoicing

Traditional explanations for trade misinvoicing -- high custom duties and weak domestic economies — are less persuasive in a world of high growth emerging markets who have low trade barriers. A 35- ...

by Ila Patnaik | On 22 Nov 2010

Convergence Club Empirics: Some Dynamics and Explanations of Unequal Growth across Indian States

This paper documents the convergence of incomes across Indian states over the period 1965 to 1998. It departs from traditional analyses of convergence by tracking the evolution of the entire income...

by Sanghamitra Bandyopadhyay | On 22 Nov 2010

Fiscal Effects of Aid

It is clear from the implications of growth theory that the impact of aid depends on how it affects savings, investment and government behaviour. In respect of low-income countries, which are the pr...

by Mark McGillivray | On 19 Nov 2010

India's Twelfth Finance Commission:A View from Kerala

The focus of the paper is to review the Terms of Reference (TOR) of the Twelfth Finance Commission with special reference to Kerala. It also critically examines the emphasis on fiscal deficit reduct...

by K. P. Kannan | On 18 Nov 2010

Aid, Public Sector Fiscal Behaviour and Developing Country Debt

This paper looks at public sector debt in developing countries, being concerned specifically with the relationship between aid inflows and the public sector borrowing requirement net of aid loans. A...

by Simon Feeny | On 17 Nov 2010

Foreign Shareholding: A Decomposition Analysis

A decomposition in the ownership of shares by foreigners is offered into three parts: the change in insider shareholding, the change in market capitalisation and the change in the fraction of outsi...

by Ajay Shah | On 16 Nov 2010

Fiscal Policy in a Growth Framework

This paper assesses recent theorising and empirical evidence on the impact of fiscal policy—taxes, public expenditures and budget deficits—on long-run growth. It considers the relevance of recent ad...

by Norman Gemmell | On 12 Nov 2010

Fiscal Policy Design in Low-Income Countries

For many low-income countries, there has been an extended period in which fiscal policy was not a choice, or was a choice made by authorities external to the country. For a number of them, this situ...

by Christopher S. Adam | On 12 Nov 2010

The Effects of Safe Drinking Water and Sanitation on Diarrhoeal Diseases Among Children in Rural Orissa

This paper investigates the effects of safe drinking water and sanitation on diarrhoeal diseases among children in rural Orissa. [Working Paer No. 278]

by Pradeep Kumar Panda | On 12 Nov 2010

The Asian Development Bank Loan for Kerala (India): The Adverse Implications and Search for Alternatives

The privileging of internal resources over external finance is not only the most democratic but also the most politically desirable option. The implications of the ADB loan for Kerala is situated ag...

by K. Ravi Raman | On 09 Nov 2010

Skills, Informality and Development

This paper makes an attempt to estimate the index of informal sector employment which can be attributed to the supply-push phenomenon. Factors which explain the inter-state variations include the...

by Dibyendu S. Maiti | On 02 Nov 2010

Human Capital, Labour Productivity and Employment

This paper analyses the importance of human capital in determining the inter-state differences in labour productivity and its growth in India. The paper also examines the impact of human capital d...

by Savita Bhat | On 01 Nov 2010

Macroeconomic Impacts of Foreign Exchange Reserve Accumulation: Theory and International Evidence

Recently, a dramatic accumulation in foreign exchange reserves has been widely observed in developing countries. This paper explores the possible long-run impacts of this trend on macroeconomic variab...

by Shin-ichi Fukuda | On 01 Nov 2010

Human Capital and Development: A Tale of Two Cities--Software Sector in Hyderabad and Bangalore

This paper discusses the factors that promote clusters and the role of clusters in the generation and spread of human capital The analysis in the paper is based on a comparative study of software fir...

by V. N. Balasubramanyam | On 29 Oct 2010

Does Change in S & T Explain Dynamics in Human Capital? An enquiry into Emerging Trends in Nursing Labour Market

We examine why it is important to consider seemingly autonomous but more embedded socio-political-economic aspects in assessing the impact of changes in Science and Technology (S&T) on human capital...

by Bino Paul G.D | On 29 Oct 2010

Understanding NREGA: A Simple Theory and Some Facts

A developing economy like India is often characterised by a labour market with demand and supply of labour and a wage that even if competitively determined may not be adequate for the poor household t...

by Diganta Mukherjee | On 29 Oct 2010

Integration of India’s Financial Markets on the Domestic and International Fronts: An Emperical Analysis of the Post-Liberalisation Period. June 2010

Against the backdrop of financial liberalisation, this paper examines India’s financial integration, both on the domestic and international fronts. Preliminary analysis of the secondary data shows ...

by Gargi Sanati | On 29 Oct 2010

Linking Asia’s Trade, Logistics, and Infrastructure

Infrastructure services, from both hard and soft infrastructure, play a vital role in facilitating Asia’s export-led growth by keeping the prices of delivered goods in export markets competitive. Ef...

by Douglas H. Brooks | On 28 Oct 2010

Estimation of Tax Leakage and its Impact on Fiscal Health in Kerala

This paper is an attempt to analyse the tax leakage in the broader context of fiscal crisis in Kerala, highlighting the relationship between the two. Tax leakage by causing a revenue drain may adver...

by Rakhe PB | On 27 Oct 2010

India's 1990-91 Crisis: Reforms, Myths and Paradoxes

For most people the story of Indian reforms starts in the nineties, following the BOP crisis of 1990-91. There was a detectable increase in the rate of growth of the Indian economy in the 1980s aris...

by Arvind Virmani | On 26 Oct 2010

Fiscal Developments and Outlook in India

The paper identifies those elements in the configuration of fiscal parameters confronting the country that give cause for concern, and examines whether the fiscal reform measures taken address these...

by Indira Rajaraman | On 20 Oct 2010

Fiscal Policy in the Crisis: Impact, Sustainability, and Long-Term Implications

The global economic and financial crisis has sparked an unprecedentedly large, generalized fiscal policy response in practically all major industrial and emerging economies, which will change the fi...

by Pier Carlo Padoan | On 15 Oct 2010

Supply Chain Dynamics in Asia

Supply chain management in Asia is a relatively new topic but is a key challenge for all Asia based manufacturers and traders trying to integrate into the “global market.” The purpose of this paper...

by Ruth Banomyong | On 14 Oct 2010

The Global Economic Crisis: An Opportunity for Strengthening Asia’s Social Protection Systems?

The current global economic crisis has led to greater prominence for the issue of strengthening social protection systems in Asia. This paper analyzes the key factors determining and the possible aven...

by Mukul G. Asher | On 12 Oct 2010

Applying the Lessons of Asia: The IMF’s Crisis Management Strategy in 2008

The paper examines the recent European crisis management programs of the International Monetary Fund (IMF) to see how the lessons of Asia were applied. Compared to the Asian programs of 1997, the Euro...

by Shinji Takagi | On 11 Oct 2010

Taxing Powers and Developmental Role of the Indian States: A Study with Reference to Kerala

The study analyses whether the growing State Domestic Product (SDP) of Kerala since the latter half of the 1980s, has acted as a larger resource base for the State and finds that it has not. While...

by R. Mohan | On 08 Oct 2010

Fiscal Policy Issues in Korea after the Current Crisis

This paper examines fiscal policy issues in the Republic of Korea (hereafter Korea) after the 2009 global financial crisis, including the timing of fiscal policy responses, the effectiveness of expans...

by Kiseok Hong | On 07 Oct 2010

Fiscal Management in Haryana: A Review

An attempt has been made to understand the factors leading to the worsening situation of the state finances. Investigations reveal that the revenue receipts of the state could not keep pace with ex...

by N K Bishnoi | On 05 Oct 2010

The ASEAN Services Sector and the Growth Rebalancing Model

The growth rebalancing model, which places the nontradable services sector on center stage, is important to spur on faster growth in this sector and tap its potential to become another engine of growt...

by Rafaelita M. Aldaba | On 29 Sep 2010

Macro-prudential Approach to Regulation - Scope and Issues

It is being acknowledged that a macro prudential perspective is critical in designing and pursuing micro prudential regulation of institutions and markets. Two distinct but highly inter-related constr...

by Shyamala Gopinath | On 28 Sep 2010

The Wage Elasticity of Informal Care Supply: Evidence from the Health and Retirement Study

This paper focuses on the relationship between wages and supply of informal care to elderly parents. Unlike most of the previous research estimating wage elasticities of informal care supply, this...

by Olena Nizalova | On 28 Sep 2010

Fiscal Policy Issues for India after the Global Financial Crisis (2008–2010)

The need for fiscal consolidation and sustainability is one of the key macroeconomic issues confronting Indian economy. This paper attempts to understand India’s current fiscal situation, its likely f...

by Rajiv Kumar | On 28 Sep 2010

Developing Economies and the Environment: The Role of Trade and Capital Flows

This paper reviews (critically and selectively) the literature on the link between economic development, the environment and international trade (and capital flows). In particular, how stricter...

by Partha Sen | On 16 Sep 2010

Understanding the ADR premium under market segmentation

Capital controls can induce large and persistent deviations from the Law of One Price for cross-listed stocks in international capital markets. A considerable literature has explored rm-speci c fac...

by Matthieu Stigler | On 09 Sep 2010

Fiscal Consolidation with High Growth A Policy Simulation Model for India

In this paper a fiscal consolidation program for India has been presented based on a policy simulation model that enables us to examine the macroeconomic implications of alternative fiscal strateg...

by Sudipto Mundle | On 09 Sep 2010

Measurement of Inflation in India: Issues and Associated Challenges for the Conduct of Monetary Policy

In India, there is a large divergence between CPI and WPI inflation trends in the past, wide dispersion in inflation across commodity groups within WPI, and significant volatility in headline WPI in...

by Nadhanael G V | On 08 Sep 2010

'Follow the money'

This editorial is about understanding the mining business in the state of Orissa by following the money.

by T.N. Ninan | On 30 Aug 2010

Indian Software Industry: Distortions and Consolidations of Gains

The Indian software industry is at the bottom of knowledge hierarchy, where the bottom is highly segmented. The political process that successfully thwarted the automation of Indian manufacturing sect...

by Pradosh Nath | On 20 Aug 2010

What Can Be Learned About the Economies of China and India from Purchasing Power Comparisons?

Comparisons of India and China have been made for over 50 years. This paper focuses on purchasing power estimates in China and India in the 2005 round of the UN International Comparison Programme (I...

by Alan Heston | On 20 Aug 2010

The Economics of Human Cloning

In this paper, we analyze the extent to which market forces create an incentive for cloning human beings. We show that a market for cloning arises if a large enough fraction of the clone’s income ca...

by Gilles Saint Paul | On 13 Aug 2010

The Predictive Value of Subjective Labour Supply Data: A Dynamic Panel Data Model with Measurement Error

This paper tests the predictive value of subjective labour supply data for adjustments in working hours over time. The idea is that if subjective labour supply data help to predict next year’s wor...

by Rob Euwals | On 12 Aug 2010

Fertility, Female Labor Supply and Public Policy

Historically, in virtually all developed economies there seems to be clear evidence of an inverse relationship between female labor supply and fertility. However, particularly in the last decade or...

by Patricia Apps | On 10 Aug 2010

FDI and Human Capital Development

This paper explains importance of human capital skilling, the relation between the FDI and Human Capital development besides the experiences of these two in different regions of the world i.e., Asian...

by P. Srinivas Subbarao | On 04 Aug 2010

Eff ects of Trade liberalisation, Environmental and Labour Regulations on Employment in India's Organised Textile Sector

In recent years, employment has fallen in the organised textile sector despite an aggregate rise in output and capital. This paper analyses the role of various factors that influence employment usin...

by Badri Narayanan G. | On 30 Jul 2010

Survey Of State-Society Relations Social Indicators Research Project Executive Summary Report

The executive summary reports on major findings from a survey conducted among a random sample of 1,054 Singaporeans and Permanent Residents aged 18 to 65. Focus is on views of public policies in thr...

by Ooi Giok Ling | On 29 Jul 2010

Demand-Supply Trends and Projections of Food in India

The present paper presents the supply and demand trends of rice, wheat, total cereals, pulses, edible oil/oilseeds and sugar/sugarcane. It provides the demand and supply projections for food items d...

by Surabhi Mittal | On 26 Jul 2010

Quantifying the Impact of Chikungunya and Dengue on Tourism Revenues

Health economists have traditionally quantified the burden of vector-borne diseases (such as chikungunya and dengue) as the sum of the cost of illness and the cost of intervention programmes. The obje...

by Dileep V. Mavalankar | On 21 Jul 2010

Sand in the Wheels of International Finance: Revisiting the Debate in Light of the East Asian Mayhem

The turmoil that has characterised the global financial markets since the 1990s, and particularly the crisis in East Asia, has generated a great deal of support for proposals to add some frictions t...

by Ramkishen Rajan | On 21 Jul 2010

The State of the Indian Economy 2009-10

Despite signs of recovery from the global financial crisis, the GDP growth rate for the Indian economy is likely to be between 5.8 to 6.1 per cent in 2009-10, below the 6.7 per cent recorded in fisc...

by Mathew Joseph | On 14 Jul 2010

Supply Response of Indian Farmers: Pre and Post Reforms

This study estimates supply response for major crops during pre and post reform periods using Nerlovian adjustment cum adaptive expectation model. Estimation is based on dynamic panel data approach wi...

by G. Mythili | On 06 Jul 2010

Fiscal Responsibility and Budget Management Bill 2000

The paper provides information about the Fiscal Responsibility and Budget Management Bill and also discuses some issues related to this bill.

by Shruti Rajagopalan | On 06 Jul 2010

Assessing the Economic Vulnerability of Small Island Developing States and the Least Developed Countries

Macro vulnerability of the small island developing states (SIDS) as well as of least developed countries (LDCs) has been an increasing concern for the international community. This concern has led...

by Patrick Guillaumont | On 30 Jun 2010

Why is Dead DEDA Still Alive?

The paper discuses and analyzes the present state of affairs of the Delhi Energy Development Agency (DEDA).

by Arjun Bhattacharya | On 30 Jun 2010

Call Auctions: A Solution to Some Difficulties in Indian Finance

Call auctions represent an alternative strategy, where the order ow over a certain time period is pooled, and the market-clearing price obtained through an aggregated supply and demand curve. Cal...

by Susan Thomas | On 22 Jun 2010

Understanding Vietnam: A Look Beyond Facts and Figures

Vietnam's (re) discovery in recent years by the international investor community gives the country a second chance to become and Asia tiger. The article looks into the economic, social, political, per...

by Tamara Trinh | On 16 Jun 2010

Capital Adequacy Regime in India: An Overview

In this paper an analytical review of the capital adequacy regime and the present state of capital to risk-weighted asset ratio (CRAR) of the banking sector in India has been presented. In the curre...

by Mandira Sarma | On 14 Jun 2010

Restraints On Capital Flows: What Are They?

Though there has been much general debate recently about the pros and cons of capital controls, there remains substantial confusion and uncertainty about what exactly is entailed by the term ‘restra...

by Ramkishen Rajan | On 11 Jun 2010

Exchange Rate Regimes and Macroeconomic Performance in South Asia

Stylized facts for South Asia show the dominance of supply shocks, amplified by macroeconomic policies and procyclical current accounts. Interest and exchange rate volatility rose initially on libera...

by Ashima Goyal | On 09 Jun 2010

Social Capital and State-Civil Society Relations in Singapore

This paper shows that the realization of Singapore’s vision of “active citizenship” and “state-society partnership”, to a significant extent, depends on how social capital is being created and renew...

by Tan Tay Keong | On 09 Jun 2010

The (Indispensable) Middle Class in Developing Countries; or, The Rich a the Rest, Not the Poor and the Rest

In this paper an argument is made that the concept of inclusive growth should go beyond the traditional emphasis on the poor (and the rest) and take into account changes in the size and economic c...

by Nancy Birdsall | On 31 May 2010

Civil Conflict and Human Capital Accumulation: The Long Term Effects of Political Violence in Perú

This paper provides empirical evidence of the long- and short-term effects of political violence exposure on human capital accumulation. Using a novel data set that registers all the violent acts an...

by Gianmarco Leon | On 27 May 2010

Urban Governance and Finance in India

Over 330 million people live in India’s cities; 35 cities have a population of over a million and three (Mumbai, Delhi, and Kolkata) of the 10 largest metropolises in the world are in India. India’s...

by M. Govinda Rao | On 21 May 2010

Private Sector Industrialization in China: Evidence from Wenzhou

The purpose of this study to help shed light on the entrepreneurship, entrepreneurs and enterprise growth in Wenzhou. The study is done by relying on a probabilistic firm survey that we carried out i...

by John Strauss | On 08 Apr 2010

Karnataka Budget 2010-11

Budget speech by finance minister of Karnataka

by Government of Karnataka GoK | On 05 Mar 2010

Now for the Hard Part

Cutting the deficit this year was the easy part; the real fiscal challenge lies ahead

by T.N. Ninan | On 03 Mar 2010

Budget 2010-2011

Budget speech 2010-2011 by Pranab Mukherjee

by Pranab Mukherjee | On 26 Feb 2010

State Aid and Competition in Banking: The Case of China in the Late Nineties

A reduced form model where banks can pursue other goals than profit maximization is presented. This allows us to test for behavioral changes of banks over time. This model provides a framework to e...

by Xiaoqiang Cheng | On 23 Feb 2010

Prevalence and Costs of Childhood Diarrhoea in the Slums of Dhaka

This study seeks to identify the engineering, behavioural and socio-economic determinants of childhood diarrhoea and its duration and to compute the resulting costs borne by slum dwellers. The study...

by M. Jahangir Alam | On 22 Feb 2010

Globalisation Lived Locally: New Forms of Control, Conflict and Response Among Labour in Kerala, Examined Through a Labour Geography Lens

With the support of the labour geography framework, this study tries to analyse how the economic geography of capitalism is shaped by the spatial practices of labour. The model that is taken up is n...

by Neethi P | On 22 Feb 2010

Escaping Chronic Poverty Through Economic Growth

The paper discusses the participation of poor participate in growth, and how different forms of growth connect to poverty. Also the paper discusses important policy levers, in relation to agriculture,...

by Chronic Poverty Research Centre CPRC | On 18 Feb 2010

Tax Devolution and Grant Distribution to States in India Analysis and Roadmap for Alternatives

The paper attempts to analyse the impact of devolution of taxes and distribution grants by the Centre to the States in India by taking fourteen major States for the time period 1980-81 to 2006-07. T...

by R Mohan | On 15 Feb 2010

Analysing Catastrophic OOP Health Expenditure in India: Concepts, Determinants and Policy Implications

The present paper attempts to modify definition of catastrophic out-of-pocket health expenditure by characterising it based on consumption of necessities. Catastrophic health expenditure is defined as...

by Rama Pal | On 11 Feb 2010

Factor Employment, Sources and Sustainability of Output Growth: Analysis of Indian Manufacturing

The manufacturing sector in India is crucial for two main reasons: It has significant potential to provide modern employment to a growing labour force, especially that of less skilled type and second...

by Arvind Virmani | On 09 Feb 2010

Climate Sensitivity of Indian Agriculture Do Spatial Effects Matter?

Climate change impact studies on agriculture can be broadly divided into those that employ agro-economic approaches and those that employ the Ricardian approach. This study uses the Ricardian approa...

by K S Kavi Kumar | On 05 Feb 2010

India's Public Finances: Do They Matter

India’s general government deficits and public debt have remained high despite faster economic growth in recent years and periodic attempts to instil greater fiscal discipline. Modest fiscal tighten...

by Paul Rawkins | On 04 Feb 2010

Asia Confronts the Impossible Trinity

Capital account openness and exchange rate flexibility in 11 Asian countries are examined. Asia has made slow progress on de jure capital account openness, but has made much more progress on de facto...

by Ila Patnaik | On 04 Feb 2010

Assessing the Fiscal Capacity of Indian Governments

The record of different post reform governments in meeting their targets and improving both delivery and finances is assessed. A variety of indices are constructed, and consistency checks devised to m...

by Ashima Goyal | On 27 Jan 2010

Cuba: A Country Profile on Sustainable Energy Development

A concise overview of the energy related aspects of sustainable development programmes and declarations, followed by a short summary of events and documents explicitly devoted to energy matters are gi...

by International Atomic Energy Agency IAEA | On 25 Jan 2010

Mortality, Human Capital and Persistent Inequality

Available evidence suggests high intergenerational correlation of economic status, and persistent disparities in health status between the rich and the poor. This paper proposes a novel mechanism li...

by Shankha Chakraborty | On 19 Jan 2010

Why India Choked when Lehman Broke

India has an elaborate system of capital controls which impede cap- ital mobility and particularly short-term debt. Yet, when the global money market fell into turmoil after the bankruptcy of Lehman...

by Ila Patnaik | On 19 Jan 2010

Harvesting Rainwater: Catch Water Where it Falls!

The paper is a analysis of the rainwater harvesting system in context of Delhi which is suffering from acute water problems.

by Arjun Bhattacharya | On 22 Dec 2009

Poverty Dynamics in Rural Sindh, Pakistan

This paper focuses on poverty dynamics and their determinants, using panel survey data for rural Sindh, Pakistan. Households interviewed by the International Food Policy Research Institute (IFPRI) d...

by Hari Ram Lohano | On 10 Dec 2009

A Note on Estimating Tax Elasticities

The most popular technique for estimating tax elasticities is the “Proportional Adjustment” method. This paper shows that the standard methodology used will almost invariably lead to biased elastici...

by Pronab Sen | On 04 Dec 2009

Literacy Traps: Society-wide Education and Individual Skill Premia

Using a model of O-ring production function, the paper demonstrates how certain communities can get caught in a low-literacy trap in which each individual finds it not worthwhile investing in higher...

by Vidya Atal | On 01 Dec 2009

Cost and Time Overruns in Infrastructure Projects: Extent, Causes and Remedies

Various issues related to delays and cost overruns in publically funded infrastructure projects are investigated. The study is based on, by far, the largest data-set of 850 projects across seventeen i...

by Ram Singh | On 11 Nov 2009

Sisyphean Labours Domestic Water Supply In The Central-Western Himalayas

The paper begins with a review of national programmes and their performances. The next two sections highlight the record of domestic water supply programmes in Uttarakhand and Himachal Pradesh with th...

by People's Science Institute PSI | On 10 Nov 2009

Horizontal Equity and the Thirteenth Finance Commission: Issues and Ponderables

An attempt has been made in this paper to critically analyse the parameters/ criteria on which basis awards are finalized. With special reference to poorer states, the following aspects have been di...

by Keshab Das | On 03 Nov 2009

Second Quarter Review of Monetary Policy 2009 -10

The repo rate has been kept unchanged at 4.75%. The reverse repo rate left steady at 3.25%. The bank rate has been retained unchanged at 6.0%. The cash reserve ratio (CRR) of scheduled banks has been...

by D Subbarao | On 27 Oct 2009

Emerging Market Concerns: An Indian Perspective

From the perspective of Emerging Market Economies (EMEs) and particularly for that of India, five concerns are expressed. These are: first, timing of exit from the accommodative monetary policy in the...

by D Subbarao | On 15 Oct 2009

Financing the Panchayati Raj Institutions: Flagging Some Issues For The 13th CFC

The Finances of the PRIs are looked into. The role of 13th Finance Commission is explained. Some ‘learnings’ from International experience is given.

by Abhay Pethe | On 15 Oct 2009

The Place of Nature in Economic Development

Review of the most salient issues in ecological economics when the subject is applied to the field of economic development. The aim here has not been to be scholastic but to examine the lives of the...

by Partha Dasgupta | On 06 Oct 2009

Emerging Asia's Middle Class-A Force to be Reckoned With

The emergence of a large and dynamic middle class raises Asia’s profile as an attractive market destination for products ranging from consumer goods to financial services. There are even hopes that th...

by Steffen Dyck | On 06 Oct 2009

Assessing the Impact of Fiscal Policy on Poverty

Fiscal policy measures are a key means by which governments can influence distribution and poverty, but in fact the relationships between fiscal policy and poverty are not well understood. The most c...

by Andrew McKay | On 05 Oct 2009

Are Gender Differentials in Educational Capabilities Mediated through Institutions of Caste and Religion in India?

In this paper, with empirical data, the Capabilities Approach to identify 'conversion factors' that are not typically addressed in the utility approach is used. The two approaches are juxtaposed to...

by Jeemol Unni | On 01 Oct 2009

What Is the Impact of the Global Financial Crisis on the Banking System in East Asia?

This paper assesses the condition and outlook of the financial sectors—in particular, the banking sector—in the East Asia region in the aftermath of the current global financial crisis. The risks in t...

by Michael Pomerleano | On 07 Sep 2009

Do Remittances Impact the Economy? Some Empirical Evidences from A Developing Economy

The study attempts to examine the impact of remittances on macroeconomic activities (private consumption and investment) and its implications on economic growth in India for the period from 1966-67 to...

by Hrushikesh Mallick | On 01 Sep 2009

Introducing Expenditure Quality in Intergovernmental Transfers: A Triple-E Framework

The present study has sought to introduce, conceptualise and operationalise a scheme for integrating the ‘quality’ dimension of public spending into the devolution scheme of intergovernmental transf...

by Mala Lalvani | On 20 Aug 2009

Strengthening Decentralization - Augmenting The Consolidated Fund of the States by the Thirteenth Finance Commission: A Normative Approach

The present study examines issues related to fiscal federalism at the third tier in general and grants to local bodies in particular. The study presents a normative framework to estimate the requireme...

by Abhay Pethe | On 14 Aug 2009

Developing The Indian Debt Capital Markets: Small Investor Perspectives

This paper argues that with the recent economic reforms, an efficient and active debt market, particularly in long-term private debt instruments, is essential for the country to realize the full bene...

by Pronab Sen | On 13 Aug 2009

The Sraffa System for Continuous Industrial Production

This paper articulates a model of industrial production in which technologies are of continuous-input continuous output-type. It is shown that the model nevertheless has all the essential properties...

by Rajas Parchure | On 31 Jul 2009

The Employment Potential of Labor Intensive Industries in India's Organized Manufacturing

This paper attempts to identify and examine labor intensive industries in the organized manufacturing sector in India in order to understand their employment generation potential. Using the data from...

by Deb Kusum Das | On 13 Jul 2009

Union Budget-First Cut Analysis 2009-2010

The thrust of this budget on the expenditure side is twofold. Continue with the fiscal stimulus measures and extend these for another six months or one years as the case maybe. Significant among these...

by IRIS India IRIS | On 09 Jul 2009

Self-help Co-operatives, Deposit Mobilisation and Supply of Credit

The paper is aimed at exploring as to how such co-operatives (i) function and deal with members while delivering micro finance; (ii) mobilise funds, and (iii) get shaped and reshape the contents of me...

by Gagan Bihari Sahu | On 09 Jul 2009

Budget 2009-2010

Budget 2009-2010 by Pranab Mukherjee

by Pranab Mukherjee | On 09 Jul 2009

Financialization of Capital - Deterioration of Working Conditions

This paper addresses the issue of establishing a regulatory regime along the production, supply and value chains of multinational corporations in terms of setting labor standards and protecting worker...

by Fichter Michael | On 08 Jul 2009

Key Features of Budget 2009-2010

Key features of budget presented by the Finance Minister

by Pranab Mukherjee | On 06 Jul 2009

Preliminary Note on Financial Crisis and Trade and Investment Treaties

North-South free trade agreements (FTAs), bilateral investment treaties (BITs) and World Trade Organization (WTO) commitments often contain a number of provisions that can increase the likelihood of a...

by Third World Network | On 28 Jun 2009

Inflation and the Poor in Bangladesh

This note analyses the major characteristics of the current inflationary episode in the economy along with its probable impact on different population groups in Bangladesh. The note also draws some po...

by Mustafa. K. Mujeri | On 27 Jun 2009

Inflation in Bangladesh: Does the Changing Consumption Pattern Affect its Measurement ?

The paper analyzes the effects of changes in consumption factor on the calculation of inflation calculation in Bangladesh. This is important as there might exist some volatile and non-trend components...

by Md. Habibour Rahman | On 27 Jun 2009

Relative Effectiveness of Monetary and Fiscal Policies on Output Growth in Bangladesh: A VAR Approach

This paper investigates the relative importance of monetary and fiscal policies in altering real output of Bangladesh. An unrestricted vector auto regression (VAR) framework based on the St. Louis equ...

by Md. Habibur Rahman | On 27 Jun 2009

Crises, Capital Controls, and Financial Integration

This paper analyzes the effects of capital controls and crises on financial integration, using stocks from emerging economies that trade in both domestic and international markets. The cross market p...

by Eduardo Yeyati | On 27 Jun 2009

Impact of Imported Intermediate and Capital Goods on Economic Growth: A Cross Country Analysis

Knowledge accumulation in the richer countries provides them with comparative advantages in higher productivity products. The countries that import the higher productivity intermediate products and ca...

by C Veermani | On 23 Jun 2009

Financing Strategy for Achievement of the MDGs and Implementation of the Tenth Five Year Plan

This report presents an analysis of the strategy required to generate the required resources for investment in various services necessary to achieve the MDGs. The analysis attempts to quantify the fis...

by M. Govinda Rao | On 20 Jun 2009

Basic Infrastructure for a Nuclear Power Project

This publication was produced as a direction to increase the capability of Member States to plan and implement nuclear power programmes and to establish and enhance national nuclear infrastructure....

by International Atomic Energy Agency IAEA | On 19 Jun 2009

Subnational Taxes in Developing Countries: The Way Forward

It is critical to emphasize that intergovernmental fiscal relations must be thought of as a system and that all the pieces in the system must fit together if decentralization is to work properly. Vari...

by Richard.M. Bird | On 16 Jun 2009

Disentangling the Global Financial Crisis: A Review of the Global Response

At this moment, the world is undergoing the worst economic crisis since the Great Depression of 1930s. It is not clear exactly which factors instigated the crisis, but there are many candidates; the f...

by H. N. Thenuwara | On 15 Jun 2009

Financial Development and Velocity of Money in Bangladesh: A Vector Auto- Regression Analysis

The study uses co-integration and vector auto-regression (VAR) techniques to identify the determinants of income velocity of money (VM) in Bangladesh, covering both narrow and broad money. The study o...

by Md. Akhtaruzzaman | On 15 Jun 2009

Financing Long Term Investments in Bangladesh: Capital Market Development Issues

There has been an increase in the demand for infrastructure services and opening up of the infrastructure sector for private investment. As a result, a large number of financial intermediaries and pri...

by Mustafa. K. Mujeri | On 15 Jun 2009

Fiscal Health of Selected Indian Cities

The paper aims to assess the fiscal health of five urban agglomerations (UAs) in India viz. Delhi, Hyderabad, Kolkata, Chennai, and Pune. The sample consists of five corporations and sixty three small...

by Simanti Bandyopadhyay | On 14 Jun 2009

Goods and Services Tax for India

The paper contours of a feasible design of VAT in India. It also takes on board the various alternatives proposed. It looks at the issues that need resolution and the options available for resolving t...

by R.Kavita Rao | On 12 Jun 2009

Foreign Exchange Liberalization: Perceptions, Realities and Way Forward

The article focuses on understanding of the economics of the exchange control liberalisation in macroeconomic perspectives and, therefore, the article does not attempt to interpret or explore the lega...

by P Samarasiri | On 12 Jun 2009

A New Debt Crisis? Assessing the Impact of the Financial Crisis on Developing Countries

This report is intended as a wake-up call to anyone who thinks the developing world debt crisis has been resolved. In fact, it assesses fears of a new debt crisis, more serious than before, spreading...

by Sarah Edwards | On 11 Jun 2009

India’s Approach to Capital Account Liberalization

In this paper, the author analyzes India’s approach to capital account liberalization through the lens of the new literature on financial globalization. India’s authorities have taken a cautious and c...

by Eswar S. Prasad | On 09 Jun 2009

The Impact of Education Policy Reforms on the School System:A Field Study of EGS and Other Primary Schools in Madhya Pradesh

This paper presents the results of fieldwork on rural primary schools of two districts of Madhya Pradesh, India, conducted from December 2001 to March 2002. Since the mid-1990’s, the government...

by Francois Leclercq | On 04 Jun 2009

The Water and Sanitation Scenario in Indian Metropolitan Cities: Resources and Management in Delhi, Calcutta, Chennai, Mumbai

This paper reviews the urban water and sanitation scenario in metropolitan cities. Section 1 focuses on the institutional and organizational structure of the service providers by looking at the level...

by Joel Ruet | On 04 Jun 2009

Blunt Instruments: On Establishing the Causes of Economic Growth

Despite intense concern that many instrumental variables used in growth regressions may be invalid, or both, top journals studies of economic growth based on problematic instruments. doing so risks p...

by Samuel Bazzi | On 04 Jun 2009

Gender and Modern Supply Chains in Developing Countries

The rapid spread of modern supply chains in developing countries is profoundly changing the way food is produced and traded. In this paper we examine the gender implications in modern supply chains. W...

by Miet Maertens | On 29 May 2009

Insecurities of the Old and Marginalized: Inflation, Oil Shocks, Financial Crisis and Social Security

The paper examines the impact of recent inflation and financial shocks on the vulnerable, and explores policy design to reduce both future shocks and vulnerability to shocks. Inflation affects the typ...

by Ashima Goyal | On 22 May 2009

Determination of Inflation in an Open Economy Phillips Curve Framework: The Case of Developed and Developing Asian Countries

This paper investigates the determination of inflation in the framework of an open economy forward-looking as well as conventional backward-looking Phillips curve for eight Asian countries- Japan, Ho...

by Pami Dua | On 22 May 2009

Impact of Imported Intermediate and Capital Goods on Economic Growth: A Cross Country Analysis

Knowledge accumulation in the richer countries provides them with comparative advantages in higher productivity products. The countries that import the higher productivity intermed...

by C Veermani | On 21 May 2009

Assessing Policy Choices For Managing SO2 Emisions From Indian Power Sector

The production, transportation and consumption of energy resources, especially of fossil fuels such as coal, oil and natural gas, generate negative environmental externalities including air pollution....

by Deepa Menon Choudhary | On 18 May 2009

Macroeconometric Policy Modeling for India: A Review of Some Analytical Issues

Macroeconomic modelling is generally motivated by two objectives: forecasting and more significantly, policy analysis. In pursuit of both these objectives, every model must ideally satisfy four crite...

by V. Pandit | On 16 May 2009

Managing Prolonged Low Fertility: The Case of Singapore

This paper analyzes Singapore’s multi-pronged approach to managing prolonged low fertility which has led to population aging, labor force shortages, increasing elderly dependency ratios, and feminizat...

by Mukul. G Asher | On 15 May 2009

An Arrested Virtuous Circle? Higher Education and High-Tech Industries in India

A brief but comprehensive overview of linkages between higher education and the high tech sector and study the major linkages in India is provided. It is found that the links outside of the labor ma...

by Rakesh Basant | On 08 May 2009

Sharing Traditinal Knowledge for Commerce-the Power of Bargaining Strength

The paper is motivated by concerns about the depletion of traditional knowledge and recent efforts to preserve this knowledge through commercial use. The study looks at incentives that can induce comp...

by Aparna K Bhagirathi | On 30 Apr 2009

Water-Forest Management, Law And Policy In Uttaranchal Issues, Constraints, Opportunities

The Study aims at reviewing legal, policy and institutional provisions for the management of natural resources-water and forest in the State of Uttaranchal with a special focus on how the laws actuall...

by Videh Upadhyay | On 27 Apr 2009

Essential Drugs in Government Healthcare: Emerging Model of Procurement and Supply

This paper details the procedures adopted by the Tamil Nadu Medical Services Corporation in procuring and supplying essential drugs to the government health care which is a positive measure in ensurin...

by Lalitha N | On 22 Apr 2009

Sri Lanka Budget 2009

2009 Budget speech

by Ministry of Finance and Planning Sri Lanka | On 20 Apr 2009

Macroeconomic Effects Of Public Invesment In Infrastructure In India

This paper attempts to build an aggregative, structural,macroeconometric model for India. Investment and output in the model are disaggregated into four sectors namely(a) agriculture including forestr...

by K.N Murty | On 02 Mar 2009

Karnataka Budget 2009-10

Budget speech by finance minister of Karnataka

by Government of Karnataka GoK | On 24 Feb 2009

Tamil Nadu Budget Speech 2009-10

Budget speech by Prof. Anbazhagan

by Tamil Nadu Government | On 24 Feb 2009

Andhra Pradesh Budget Speech 2009-10

Speech of Sri K. Rosaiah

by Government Andhra Pradesh | On 23 Feb 2009

Kerala Budget Speech 2009-10

Budget speech by finance minister Dr. Thomas Issac

by Government of Kerala Govt | On 23 Feb 2009

Children Out of Focus....Interim Budget at a Glance 2009-10

Examines whether there are any funds for children related activities.

by HAQ Centre for Child Rights HAQCRC | On 19 Feb 2009

Key Features of Interim Budget 2009-10

Key features of Budget presented by Shri Pranab Mukherjee

by Ministry of Finance | On 16 Feb 2009

Introducing the Railway Budget 2009-10

Speech of Lalu Prasad

by Ministry of Railways | On 13 Feb 2009

Fiscal Federalism, State Lobbying and Discretionary Finance in India

The paper attempts to construct political influence variables and explain discrepancies in fund disbursement through proper econometric specification in the Indian context.

by Rongili Biswas | On 21 Jan 2009

Indian Railways in the Past Twenty Years Issues, Performance and Challenges

To understand the development process of Indian Railway’s over the past twenty years, the study covers issues and strategies related to financial and physical aspects of revenue generating freight and...

by G. Raghuram | On 06 Jan 2009

Through a Glass Darkly: Deciphering the Impact of Oil Price Shocks

In order to examine if the impact of oil price shocks depends on the structure of an economy, a vertical (VSC) and a horizontal (HSC) long-run supply curve identification are successively imposed on a...

by Ashima Goyal | On 05 Jan 2009

Development of What? An Exposition of the Politics of Development Economics

The present paper aims at driving home a hitherto-neglected and perhaps often muted (but important) point, namely, that the confusions and identity crisis that had gripped development economics in th...

by Arup Maharatna | On 31 Dec 2008

Emerging through Technological Capability: An Overview of India’s Technological Trajectory

In this paper an overview of India’s technological trajectory with a view to understanding the nuances of India’s technological capability and the role it has played in the process of India’s econom...

by Amit Shovon Ray | On 26 Dec 2008

Government Spending, Trade Openness and Economic Growth in India: A Time Series Analysis

The study examines the impact of aggregate government expenditure and its two broader components such as revenue expenditure and capital expenditure on the growth rate of output in the Indian contex...

by Hrushikesh Mallick | On 22 Dec 2008

Reducing Currency and Maturity Mismatch

The main objectives of this report are to identify and propose policies, factors and conditions that could mitigate or avoid double mismatches. policies here means any course of action pursued and ad...

by Khee-Giap Tan | On 19 Dec 2008

The Role of Fiscal and Monetary Policies in Sustaining Growth with Stability in India

This paper focuses on the role of fiscal and monetary policies in the evolution of the Indian economy over the years, with particular attention being given to the reforms undertaken in these policies...

by Rakesh Mohan | On 28 Nov 2008

The Chinese Export Bundles: Patterns, Puzzles and Possible Explanations

Using product-level data on exports from different cities within China, this paper investigates the contributing factors to the rising export sophistication. [WP no. 226].

by Zhi Wang | On 26 Nov 2008

Strategies for Improved Servicing of the Customers: Case of Ghaziabad Goods Shed of the Indian Railways

The paper provides a comprehensive description of GZB (Ghaziabad) goods shed, including facilities, traffic flow, customer interface, processes, etc. In this context, the paper raises questions regard...

by G. Raghuram | On 12 Nov 2008

India’s Macroeconomic Performance

The paper reviews India’s macroeconomic performance and policies since 2000. The first section briefly summarizes key macroeconomic developments regarding economic growth, inflation, external bala...

by Shankar Acharya | On 02 Nov 2008

Developing a ‘Vertical’ Dimension to Chronic Poverty Research: Some Lessons from Global Value Chain Analysis

This paper aims at developing an explicit ‘vertical’ dimension to chronic poverty research that focuses on ‘adverse incorporation and social exclusion’ (AISE). an effort is made here to sensitise lite...

by Stefano Ponte | On 31 Oct 2008

India’s Macroeconomic Performance and Policies Since 2000

The paper reviews India’s macroeconomic performance and policies since 2000. The first section briefly summarizes key macroeconomic developments regarding economic growth, inflation, external balance...

by Shankar Acharya | On 29 Oct 2008

Dynamics of Rural Water Supply in Coastal Kerala: A Sustainable Development View

This paper examines empirically within sustainable development framework the dynamics of coverage in rural drinking water supply of 180 demand-driven schemes from Malappuram, predominantly a coastal...

by K Pushpangadan | On 27 Oct 2008

Heterodox Macroeconomics and the Design of Monetary Institutions

Two agendas of the heterodox economics programme; the stock-flow consistent models pioneered by Wynne Godley, and the monetary circuit approach researched in France and Italy are discussed. The object...

by Romar Correa | On 10 Oct 2008

Deconstructing China’s and India’s Growth: The Role of Financial Policies

This paper uses the standard one-sector neoclassical growth model to investigate why China’s consumption has been low and investment high. This paper looks into the role played by the financial sector...

by Jahangir Aziz | On 07 Oct 2008

Issues Before the Thirteenth Finance Commission

The paper argues that irrespective of the wording of the Terms of Reference (ToR), the Commission would do well to focus on its primary task of recommending transfers to serve the objective of equit...

by M.Govinda Rao | On 06 Oct 2008

On the Economics of Higher Education in India, With Special Reference to Women

The paper investigates the role of economic factors in the enrolment decision at the higher education level in India. The study concludes that the rate of participation of women is in a disadvantage...

by Sugeeta Upadhyay | On 29 Sep 2008

Traditional Water Harvesting for Domestic Use: Potential and Relevance of Village Tanks in Gujarat's Desert Region

Recognising the dearth of detailed analyses of economic and environmental performance of traditional water harvesting systems (TWHS) meant exclusively for domestic use, this paper enquires into the re...

by Keshab Das | On 26 Sep 2008

Free Trade Agreement : A Campaign of Deception

The paper analyzes the impact of Colombia,s free trade with USA on the economies of US and Colombia. It also discuses the relationship between USA and Colombia.

by Nicole Lee | On 25 Sep 2008

Persistent Inequality: An Explanation Based on Limited Parental Altruism

This paper provides an explanation for the observed persistence in income inequality across households in terms limited parental altruism. It is postulated that the degree of parental altruism is ‘lim...

by Mausumi Das | On 24 Sep 2008

Pakistan Budget in Brief 2008

Budget in Brief is designed to summarize the detailed information into an overview comprising essential information about expenditure and receipt and the resulting budget balance.

by Ministry of Finance, Government of Pakistan, | On 22 Sep 2008

Estimating the Value of Educational Capital Formation in India.

Education is an important component of economic activity, although investment in education is only one of the many forms of investment in human capital. The idea behind this is that investment in huma...

by Haripriya Gundimeda | On 17 Sep 2008

Fiscal Policy and Economic Reforms

A practitioner’s perspective of fiscal policy, and economic reforms.

by Y V Reddy | On 14 Aug 2008

Growing Services in India - An Inter-Sectoral Analysis Based on State-Level Data

This study is an inter-sectoral analysis of state domestic product data to understand the determinants of the services sector growth in India during the recent years. It is a demand side analysis wh...

by Deepita Chakravarty | On 11 Aug 2008

Willingness to Pay for Improved Sanitation Services and its Implication on Demand Responsive Approach of BRAC Water, Sanitation and Hygiene Programme

This study aimed to provide some insights into sanitation-related strategies taken by the BRAC Water, Sanitation and Hygiene (WASH) Programme from an economic point of view. The aim of this report i...

by Kazi Faisal Bin Seraj | On 06 Aug 2008

Banking Sector Reforms and Equity a Sub-Regional Analysis in Andhra Pradesh

In this study an attempt is made to examine the equity aspect due to reforms in the banking sector at sub-regional level in the state of Andhra Pradesh covering the period 1985 to 2004. [CESS WP 68]...

by K S Reddy | On 04 Aug 2008

Andhra Pradesh State Policy on Organic Farming

The objectives of the policy on organic farming, the strategies of the policy are explained here.

by Centre for Sustainable Agriculture CSA | On 26 Jul 2008

Measuring Sustainability with Macroeconomic Data for India

This paper investigates certain macro data on the Indian economy to draw inferences on the sustainability of the economic growth experienced over the last couple of decades. Interpreting sustainabilit...

by Purnamita Dasgupta | On 24 Jul 2008

Managing Capital Flows: The Case of India

From the early 1990s, India embarked on easing capital controls. Liberalization emphasised openness towards equity flows, both FDI and portfolio flows. In particular, there are few barriers in the fa...

by Ajay Shah | On 24 Jul 2008

Between Citizens and Institutions: The Dyamics of the Integration of Water Supply and Sanitation Services in Hyderabad

The purpose of this study is to review the changes that have taken place recently in water supply and sanitation services and examine the role of various stakeholders involved in urban governance in...

by Agnes Huchon | On 15 Jul 2008

India’s Energy Security

The paper examines teh current energy demand of India and the implications of future levels and patterns of energy use in India. [FES Briefing Paper 14 ]

by Leena Srivastava | On 06 Jun 2008

New issues in Indian macro policy

For many decades, macro-policy in India was conducted in an environment with five key elements: ˆ Agricultural shocks rather than a conventional business cycle; A closed economy; deeply distorti...

by Ajay Shah | On 13 May 2008

Draft Report of the Committee on financial Sector Reforms

The financial sector has built capabilities such that, with appropriate policy changes, it can grow tremendously, both domestically and internationally. the report touches upon two reasons for financi...

by Raghuram G. Rajan | On 14 Apr 2008

Innovation and Growth: Role of the Financial Sector

A brief overview is provided about India’s long-term growth performance. Then an attempt is made to set out the conditions for successful innovations. To assess the role of innovations in the Indian...

by Rakesh Mohan | On 03 Apr 2008

Goa Budget 2008-09

Budget presented by Goa finance minister for the year 2008-09.

by Goa Government | On 01 Apr 2008

Maharashtra Budget 2008-09 Part II

Part II of the budget presented by finance minister of Maharashtra 2008-09

by Maharashtra Government | On 20 Mar 2008

Maharashtra Budget 2008-09 Part I

Budget presented by the finance minister for the year 2008-09.

by Maharashtra Government | On 20 Mar 2008

Madhya Pradesh Budget Highlights 2008-09

The Finance Minister Shri Raghavji presented the budget for the year 2008-09, with a budgetary deficit of Rs 91.43 crore.

by Madhya Pradesh Government | On 13 Mar 2008

A Sugar Policy for India Comment on D R Gadgil

D.R. Gadgil, wrote at length about the need for a long-term sugar policy and its efficient implementation is needed in India. What is the current relevance of his ideas?

by Aparna Mitheel Jaikar | On 13 Mar 2008

Andhra Pradesh Budget 2008-09

SPEECH OF SRI K. ROSAIAH, HONOURABLE FINANCE MINISTER WHILE PRESENTING THE BUDGET FOR THE YEAR 2008-09 TO THE ANDHRA PRADESH STATE LEGISLATURE.

by Government Andhra Pradesh | On 10 Mar 2008

Kerala Budget Speech 2008-09

Budget speech 2008-09 by Finance Minister Dr. Thomas Issac

by Government of Kerala Govt | On 07 Mar 2008

Budget at a Glance 2008-09, Rajasthan

A glance at the budget presented by the government of Rajasthan 2008-09.

by Rajasthan Government | On 05 Mar 2008

Budget 2008-09 and Children A First Glance

Budget for Children (BfC) is not a separate budget. It is merely an attempt to disaggregate from the overall budget, the allocations made specifically for programmes that benefit children. From 2000-0...

by HAQ Centre for Child Rights HAQCRC | On 04 Mar 2008

A Quick Look at Orissa Budget 2008-09

Quick findings for feedback as well as further analysis. [Contact Pravas Ranjan Mishra CYSD, E-1, Institutional Area, RRL PO., Bhubaneswar India - 751 013 Tel. +91-674-2300774, 2301725 Fax: +91-674-...

by Orissa Government | On 22 Feb 2008

Public Private Partnership in Drinking Water Supply of Greater Mumbai

Demand for drinking water is continuously increasing over the period of time in Mumbai city but the supply is stagnant. The State government of Maharashtra and Brihanmumbai Corporation (BMC) does not...

by Sanjay Rode | On 12 Feb 2008

Medical Abortion: Some Exploratory Findings from Gujarat

The present study based on Gujarat provides interesting insights on medical abortion. Based on interviews with a few chemists, drug industries and the service providers, maladies in the provision of m...

by Leela Visaria | On 11 Feb 2008

Third Quarter Review of Annual Monetary Policy for the Year 2007-08

Review consists of three sections: I. Assessment of Macroeconomic and Monetary Developments; II. Stance of Monetary Policy; and III. Monetary Measures. An analytical profile of macroeconomic a...

by Y V Reddy | On 30 Jan 2008

Municipal Finance in India:An Assessment

This study, entitled “Municipal Finance in India – An Assessment”, undertaken for the Development Research Group (DRG), Reserve Bank of India examines the performance of Urban Local Bodies (ULBs) in I...

by P K Mohanty | On 29 Jan 2008

The Fundamental Equilibrium Real ExchangeRate in India : An Approach to Estimation and Measurement of Misalignment

An estimation of the real equilibrium exchange rate for India for the period in the latter half of the 1990s using fundamental economic variables by decomposing a structural VAR vested with appropriat...

by Himanshu Joshi | On 18 Jan 2008

Intergrated Energy Policy

The report of the Expert Committee provides a broad overarching framework for guiding the policies governing the production and use of different forms of energy from various sources. It makes specific...

by Planning Commission, India | On 10 Jan 2008

Management of the Capital Account in India: Some Perspectives

Management of capital accounts in the global context and in the Indian context. [Inaugural address delivered by Dr. Y. V. Reddy, Governor, Reserve Bank of India at the Annual Conference of the Indian...

by Y V Reddy | On 08 Jan 2008

Capitalisation of Nature and Accumulation by Dispossession: At the Heart and the Frontier of Capitalism

The concept of `capitalisation of nature’ put forward by Martin O’Connor is a fruitful concept that brings together many red and green concerns into a single abstract concept. The term resonates acro...

by Suhas Paranjape | On 25 Dec 2007

Sovereign Wealth Funds: Policy Implications for India

Sovereign Wealth Funds (SWFs) will be an integral and significant part of global financial and capital markets even in the medium term. It is important for India to put in place domestic safeguards ag...

by Mukul Asher | On 12 Dec 2007

Scissors Crisis

As the rupee has climbed against the dollar, the impact on big firms, small and medium sized software firms, are outlined. There is a “scissors crisis” of revenue under downward pressure because of ch...

by T.N. Ninan | On 22 Oct 2007

Damned Rivers, Damned Lies What the Water Establishment Doesn't Want You to Know

The social, environmental and economic impacts of dams are summarised and outlines better options for water management and energy supply. [IRN Brief].

by International Rivers Network IRN | On 18 Oct 2007

Between Stools

Different options that RBI and government must decide regard to future inflows of international capital to India.

by T.N. Ninan | On 08 Oct 2007

Capital Inflows, Financial Repression and Macroeconomic Policy in India since the Reforms

Since the early 1990s the Indian economy has seen a considerable relaxation of controls, as a consequence of which it has witnessed unprecedented growth. This is especially remarkable in the external...

by Partha Sen | On 04 Oct 2007

The Reserve Bank and the State Governments: Partners in Progress

The States, relative to the Centre, have taken the centre-stage in the reform process since the areas of highest national priority now fall essentially within the purview of the States. The unique and...

by Y V Reddy | On 26 Sep 2007

India’s Preparedness for Basel II Implementation

Evolution of the revised framework, its broad structure, preparatory measures taken by the RBI for implementing this framework and the challenges that will need to be tackled in migration to Basel II...

by Leeladhar V | On 14 Sep 2007

RBI Annual Report for 2006-07

Annual report of RBI for the year 2006-07

by Reserve Bank of India | On 31 Aug 2007

Demand and Supply Factors in the Determination of India's Disaggragated Manufactured Exports: A Simultaneous Error-Correction Approach

An investigation of the demand and supply factors underlying the long-term behaviour of India’s disaggregated manufactured exports. An imperfect substitutes demand-supply model of export determination...

by Saikat Sinha Roy | On 20 Aug 2007

Institutional Influences on Human Capital Accumulation: Micro Evidence from Children Vulnerable to Bondage

The paper examines child labour, lower schooling attendance and attainment, and significantly elevated fertility in families vulnerable to debt bondage.

by Eric Edmonds | On 02 Aug 2007

Book Review: FDI: Patterns and Trends

Review of Foreign Capital Inflows to China, India and the Caribbean: Trends, Assessments and Determinants by Arindam Banik and Pradip K. Bhaumik; Palgrave-Macmillan, London.

by Anurag Kaushik | On 13 Jul 2007

The Rise in Remittances to India: A Closer Look

India has clearly achieved a large sustained level of remittances. Policy initiatives by the government and banking institutions have achieved two significant results. First, most remittances flow tho...

by Muzaffar Chisti | On 11 Jul 2007

Economic Reforms, Capital Inflows and Macro Economic Impact in India

The effects of the inflows of private foreign capital on some major macroeconomic variables in India are analyzed using quarterly data for the period 1993-99. Cointegration test and The Granger Causal...

by Indrani Chakraborty | On 11 Jul 2007

Reflections on Global Account Imbalances and Emerging Markets Reserve Accumulation

The lecture focuses on some implications -- both positive and normative -- of the most surprising development in the international financial system over the last half dozen years. That development is...

by Lawrence H. Summers | On 05 Jul 2007

Public Distribution System in Gujarat: A Synoptic Overview

The PDS programme in Gujarat since the formation of the State in 1960 is reviewd and comments are given briefly upon its effectiveness in delivery. The food security issue for the poor is also address...

by Sudarshan Iyengar | On 04 Jul 2007

Impact of U.S. Federal Interest Rate and Movement of MSCI on Indian Capital Markets

The relationship between Indian macro-economic factors and economic growth has been analyzed by a number of empirical studies. This paper re-examines the sources of variability in the Indian economy f...

by Bharat Chadha | On 26 Jun 2007

The Challenges of Financial Liberalisation for Emerging Market Economies

In this speech to the staff of the Reserve Bank of India delivered on May 14, 2007 at the RBI, Central Office, Mumbai, the author offers some comments on the challenges posed by financial liberalisati...

by Christian Noyer | On 13 Jun 2007

Reliability and Rationing Cost in a Power System

An attempt is made to analyse the implications of the relationship between reliability and rationing cost involved in a power supply system in the framework of the standard inventory analysis, instead...

by N. Vijayamohanan Pillai | On 13 Jun 2007

Child Labor

The essay is to provides a detailed overview of the state of the recent empirical literature on why and how children work as well as the consequences of that work. It provides a descriptive overview o...

by Eric Edmonds | On 01 Jun 2007

Social Capital and Economic Well-being

The proposition that social capital expands household welfare is tested by estimating the effects of social interactions on per capita expenditure among a sample of 810 households in northern Banglade...

by Farhad Ameen | On 30 May 2007

Limits of Modern Epidemiological Models: What are the Alternatives?

Modern epidemiology has, by and large, been based on a narrow model of biomedicine and behaviour modification. It fails to answer, for instance the following questions: Why certain populations are inf...

by Vijay Kumar Yadavendu | On 15 May 2007

State Budget, 2007-08: Kerala: New Development Agenda: Will the State Overcome Obstacles?

The Budget for 2007-08, the year being the first year of the Eleventh Plan, has done reasonable justice to support the Plan and take Kerala on a higher growth path. However, there are external constr...

by K.Ramachandran Nair | On 27 Mar 2007

Supply Reponse Of Indian Farmers In Pre And Post Reform Periods: A Dynamic Panel Data Approach

Supply response to price changes is likely to increase with the increasing liberalization of the agricultural sector. Past studies revealed weak supply response for Indian agriculture. There are no r...

by Mythili G | On 19 Mar 2007

Rajasthan Budget 2007-08

Budget presentation by finance minister 2007-08

by Rajasthan Government | On 19 Mar 2007

Kerala Budget 2007-08

Government of Kerala Buget in brief

by Government of Kerala Govt | On 12 Mar 2007

Supply Chain Issues In The Indian Poultry-meat Industry: The Case Of a Vertically-integrated Farm

The world poultry-meat industry is growing the fastest among all the meat categories due to increasing concerns for health, safety, convenience and variety, and price-competitiveness. Issues related t...

by Subrata Mitra | On 08 Mar 2007

Public Expenditure on Education : A Review of Selected Issues and Evidence

The role of education in economic development has been recognised for quite some time in mainstream economic literature. Divergence between the private and social rate of return from education is th...

by Anit Mukherjee | On 02 Mar 2007

Does Capital Account Openness Lower Inflation?

This paper investigates the relationship between capital account openness and inflation since the 1980s. It argues that widespread capital account liberalization during the last two decades appears...

by Abhijit Sen Gupta | On 23 Feb 2007

Fiscal Deficit, Capital Formation, and Crowding Out : Evidence from India

Theoretical literature identifies two variants of crowding out in an economy–real and financial. The real (direct) crowding out occurs when the increase in public investment displaces private capital...

by Lekha S. Chakraborty | On 17 Feb 2007

Reforming Delivery of Urban Services in Developing Countries: Evidence from a Case Study in India

Given the importance of urban public services in attracting firm location, increasing employment and facilitating economic growth, in this paper, the author examines the following questions: Is there...

by Kala Seetharam Sreedhar | On 17 Feb 2007

Identifying Asset Price Bubbles in the Housing Market in India - Preliminary Evidence

Devoted to the analysis of housing market in India, the paper employs a special decomposition scheme for the structural VAR proposed by Blanchard and Quah to study the impact of permanent shocks to...

by Himanshu Joshi | On 10 Jan 2007

A Review of Cross-Country Experience in Capital Account Liberalisation

The paper reviews the experience of select countries - both advanced and emerging markets - in regard to capital account liberalisation (CAL). The advanced countries' experience with regard to CAL is...

by Mohua Roy | On 10 Jan 2007

Globalization and Structural Changes in the Indian Industrial Sector: An Analysis of Production Functions

The paper reports a study to investigate the structural changes in the manufacturing sector of India (possibly) brought about by liberalization and globalization of the economy. It assesses the struct...

by S.K. Mishra | On 09 Jan 2007

The International Mobility of Technical Talent: Trends and Development Implications

This paper charts the complex dynamics of the movement of technical talent in the world economy and assesses broadly the impact of such mobility on both sending and receiving countries. Based on sec...

by Anthony P. D'Costa | On 29 Dec 2006

Impact of Reservations of Panchayat Pradhans on Targeting in West Bengal

The effect of randomized reservations of Pradhan (chief executive) positions in West Bengal local governments (panchayats) for women and members of Scheduled Caste/Scheduled Tribes (SC/ST) following t...

by Pranab Bardhan | On 27 Dec 2006

Fiscal Decentralisation and Local Level Gender Responsive Budgeting in Morocco: Some Observations

During the last few years there has been a significant attempt to change the status of women in Morocco. Considerable efforts have been made to incorporate mainstream gender in socio-economic policies...

by M.Govinda Rao | On 27 Dec 2006

Fiscal Decentralisation and Local Level Gender Responsive Budgeting In The Philippines: An Empirical Analysis

With the strengthening of the fiscal decentralisation process in the Philippines, local government units (LGUs) were provided with more opportunities in terms of local level gender responsive budge...

by Lekha S. Chakraborty | On 27 Dec 2006

Central Finances in India- Alternative to Procrustean Fiscal Correction

This paper examines the trends in Central finances over a threedecadal period beginning from the 1970s. It is found that there is a lack of buoyancy in all the major sources of revenue of the Centra...

by R Mohan | On 19 Dec 2006

Educational Deprivation of Children in Andhra Pradesh: Levels and Trends, Disparities and Associative Factors

In line with the perspectives of human capital, human development and human rights, this paper conceives education to be the basic right of children and re-christens all children who are not in schoo...

by M. Venkatnarayana | On 06 Dec 2006

Emerging Megalopolis: Bangalore, From ‘Boiled Beans’ Town to Advanced IT City

Historically, Bangalore’s growth and physical spread had been dictated by the location decisions of certain important industrial, institutional and residential activities, rather than as an outcome...

by G.S. Sastry | On 04 Dec 2006

Gender Disaggregated Analysis of South Gujarat Tribals: Role of Social Capital in Human Development

This paper, based on ‘capabilities’ approach, analyses the ‘development outcomes’ forf ‘tribals’ of rural south Gujarat and examines the relative roles of physical, human and social capital within a...

by Arti Nanavati | On 26 Nov 2006

Fiscal Decentralisation and Local Public Good Provision in China

Fiscal incentive is closely related with extra budgetary revenues.This paper examines the impact of fiscal revenues under decentralisation on responsiveness of public goods provision to real local nee...

by Xin-Qiao Ping | On 21 Nov 2006

What Education? Imperative of Change

Once the reach of education remains circumscribed only by its functional role in the formation of human capital, which, by definition, has little significance beyond its instrumentality in production...

by Arup Maharatna | On 20 Nov 2006

Urban Studies: An Exploration in Theory and Practices

What is the character of our cities? What are the attributes of inequalities and social exclusions in towns, metropolises and mega cities? How do urban structures and forms characteristic of pre capit...

by Sujata Patel | On 18 Nov 2006

Fiscal Decentralisation and Gender Responsive Budgeting in Mexico: Some Observations

This paper analyses the scope and limitations of gender responsive budgeting in Mexico within the overall framework of fiscal decentralisation. However, decentralised gender responsive budgeting can b...

by Lekha S. Chakraborty | On 31 Oct 2006

Do Television and Radio Destroy Social Capital? Evidence from Indonesian Villages

In "Bowling Alone," Putnam (1995) famously argued that the rise of television may be responsible for social capital's decline. I investigate this hypothesis in the context of Indonesian villages. To i...

by Benjamin A. Olken | On 13 Oct 2006

Community Contribution for Environmental Sanitation: Myth or Reality?

Reforms in water and sanitation sector intended to make stakeholders part of the implementation process. In the process beneficiaries share partial capital cost and meet 100 per cent of operation and...

by Veerashekarappa | On 12 Aug 2006

Non-equity Alliances and the Performance of Indian Software Firms

The Indian software industry has grown very rapidly for more than a decade. In this study we report the results of a multivariate statistical analysis of the determinants of sales revenue growth and p...

by N.S. Siddharthan | On 03 Jun 2006

India and Capital Account Convertibility

The Prime Minister’s recent announcement has refocused attention on the issue of full capital account convertibility. The new Tarapore Committee needs to weigh the gains from removing the remaining re...

by Sanjeev Sanyal | On 26 Apr 2006

Rivers for Life: Inspirations and Insights from the 2nd International Meeting of Dam-Affected and their Allies

On November 28, 2003, roughly 300 grassroots activists, people affected by large dams and representatives from NGOs gathered in a small village in Rasi Salai district in Northeast Thailand. They met...

by Susanne Wong | On 25 Apr 2006

Strengthening the Export Competitiveness of firms in the Indian Pharmaceutical Industry

This paper attempts to identify the factors that determine the export competitiveness of firms in the Indian pharmaceutical industry. Our findings suggest that the competitiveness of firms depends not...

by Aradhna Aggarwal | On 21 Apr 2006

India’s Demographic Trends: Implications for Growth and Capital Markets

India is in a favourable demographic phase, which has the potential to increase its trend rate of growth and depth of its financial and capital markets. These effects however are not likely to be au...

by Mukul Asher | On 17 Apr 2006

Minimal Visible Inequality is Human Development

The urgent task ahead is the reduction of the visible inequalities in education, health and housing, thus contributing to a broad based evolution of human capabilities. As for the macroeconomic envir...

by Bhanoji Rao | On 11 Apr 2006

Health Inequalities, Social Cohesion and Social Capital: An Exploration

This paper claims that the roots and remedies of health inequalities reflected in the major academic debates that culminated with full force towards the turn of the last century, have done little to u...

by Vijay Kumar Yadavendu | On 30 Mar 2006

India’s Post-Liberalisation Growth Experience: An Analysis by the Demand Components

This paper tries to examine the sustainability aspect of the rate of growth (rog) in recent years, designated as ‘the second phase of liberalisation’. This paper is based on the Keynesian framework wh...

by Anamitra Roychowdhury | On 29 Mar 2006

Trends and Patterns of Technology Acquisition in Indian Organized Manufacturing: An Inter-industry Exploration

With liberalization of foreign technology import policy in the 1990s, India has seen declining R&D intensity at national level. This has generated a general concern on how Indian industries are doin...

by Jaya Prakash Pradhan | On 28 Mar 2006

Economic Survey 2005-06, chapter 3

Monetary and Banking Developments

by Ministry of Finance | On 27 Feb 2006

Economic Survey 2005-06,Chapter 2

Public Finance

by Ministry of Finance | On 27 Feb 2006

Widening of Tax Base and Evasion of Tax: Thirty-third Report of the Standing Committee on Finance (2005-06)

The challenge to the tax system to expand both the revenue base and progressively bring into the net larger number of taxpayers remains as daunting as ever. The object is not to ignore the generally...

by Standing Committee on Finance | On 26 Feb 2006

Transition to Market and Normative Framework of Fiscal Federalism

This paper deals with the challenges of fiscal federalism in planned economies. Planned economies through their various policy instruments to control the resource allocation introduce several source...

by M.Govinda Rao | On 06 Feb 2006

Raising the Tax Ratio by Reining in the 'Tax Breaks': An Agenda for Action

The increase in direct taxes has not been able to offset the decline that resulted from the reduction in customs tariff and decline in excise revenue. The task facing the policymakers now is to explor...

by Amaresh Bagchi | On 01 Feb 2006

Macroeconomic and Monetary Developments: Third Quarter Review 2005-06

Contents I. The Real Economy -- 1 Agricultural Situation Industrial Performance Business Expectations Surveys Services Sector II. Fiscal Situation 14 Combined Government Fi...

by Reserve Bank of India | On 25 Jan 2006

Social Capital, Diversity and (Economic) DEvelopment: Evidence from Indian IT Industry, Bangalore

This paper addresses two sets of questions related to IT development and lessons to be drawn for other regions both in and outside India. Firstly, based on original fieldwork an additional argument t...

by Florian A. Taube | On 19 Jan 2006

The Economic Impact of AIDS Treatment: Labor Supply in Western Kenya

Using longitudinal survey data collected in collaboration with a treatment program, this paper is the first to estimate the economic impacts of antiretroviral treatment in Africa. The responses in two...

by Harsha Thirumurthy | On 30 Dec 2005

Controlled Capital Account Liberalisation: A Proposal

This paper outlines a proposal for a controlled approach to capital account liberalization for economies experiencing large capital inflows. The proposal essentially involves securitizing a portion o...

by Eswar S. Prasad | On 09 Dec 2005

Asian Reserves and the Dollar: Is Gradual Adjustment Possible?

Large dollar reserves in Asian EMEs accompany large U.S. fiscal and current account deficits. Analysis of strategic sales by Asian EMEs suggests that an attack on the dollar is not certain but is poss...

by Ashima Goyal | On 21 Nov 2005

Trends and Issues in Tax Policy and Reform in India

The Indian tax reform experience can provide useful lessons for many countries due to the largeness of the country with multilevel fiscal framework, uniqueness of the reform experience and difficult...

by M.Govinda Rao | On 10 Nov 2005

Mughal Decline, Climate Change, and Britain’s Industrial Ascent:An Integrated Perspective on India’s 18th and 19th Century Deindustrialization

India was a major player in the world export market for textiles in the early 18th century, but by the middle of the 19th century it had lost all of its export market and much of its domestic market....

by David Clingingsmith | On 10 Nov 2005

Economic Backwardness in History: Deviation from a Eurocentric Theme

This paper aims to demonstrate that the economic behaviour of ordinary men and women in the pre-colonial Deccan was as much ‘capitalistic’ as that of similar agents in contemporary Europe. The differe...

by Neeraj Hatekar | On 21 Oct 2005

Demographics And Global Savings Glut

There is growing evidence that demographic changes have played an important role in driving Asia’s economic transformation by generating high savings rates.In this report, the author argues that high...

by Sanjeev Sanyal | On 01 Sep 2005

Capital Account Convertibility, The Unfinished Agenda: Mark I

This paper deals with issue of Capital Account Convertibility, in the context of the Indian economy. The issue has been in and out of fashion as far as the priority of the policy makers in India is co...

by Abhay Pethe | On 05 Aug 2005

Assessment Of Revenue And Expenditure Patterns In Urban Local Bodies Of Maharashtra

This paper is concerned with respect to asses the revenue and expenditure patterns in the various Urban Local Bodies(ULBs) in Maharashtra. The context for this is the finance commissions at the state...

by Abhay Pethe | On 05 Aug 2005

Import Intensity In The Registered Manufacturing Sector Of India

The international experience of industrially advanced countries shows significant reduction in energy use per unit of output, which is often known as energy conservation in response to rising energy p...

by G Burange | On 05 Aug 2005