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Model Nagar Raj Bill: Taking Democracy to the Grassroots

Participation of citizen in local governance is a key component for good governance. It extends the citizens’ role beyond that of a voter . It ensures a more equal distribution of power and resources...

by Kedar Diwan | On 21 Feb 2021

Know Your Publishing Space: Open Access Publishing

Publishing research in open access journals has been widely discussed over the last decade. Both free access and open access give the reader seamless access to research papers/articles. So, what’s the...

by Shubhada Nagarkar | On 05 Feb 2021

Further Estimations of the Likely Total Infections and Deaths Due to COVID19 in Select Countries (Version 2 dt. April 10, 2020)1

We had earlier estimated the likely cases and deaths over the course of the pandemic for a number of countries. This was an early attempt and gave somewhat tentative results. With some 7 more days of...

by Sebastian Morris | On 09 May 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

When do regulatory interventions work?

Previous studies find mixed results about how a fee on high order-to-trade (OTR) ratios impacts market quality. Using a natural experiment where such a fee was introduced twice for different reasons,...

by Nidhi Aggarwal | On 25 Apr 2019

Exchange Rate Movements and Fundamentals: Impact of Oil Prices and the People’s Republic of China’s Growth

This paper identifies five factors that can capture 95% of the variance across 39 US dollar exchange rates based on the principal component method. A time-varying parameter factor-augmented vector aut...

by Hongyi Chen | On 01 Apr 2019

Price Discovery in Indian Government Securities Market, Monetary Management and the Cost of Government Borrowing

Over 2017-18 there was a sharp rise in Indian government securities (G-Secs) interest rates unrelated to fundamentals. Examining each of the standard explanatory variables shows them to be inadequate...

by Ashima Goyal | On 29 Mar 2019

Innovation, Efficiency and Inclusion: Integration of Digital Technologies in the Indian Microfinance Sector

This paper explores how these mechanisms - innovation, inclusion and efficiency – have been integral to microfinance operations in the past, and how innovations in digital technology may be yet anothe...

by Saon Ray | On 04 Feb 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

Enlargement Decisions of Regional Trading Blocs with Asymmetric Members

This paper analyzes the conditions under which an existing bilateral free trade area (FTA) prefers to expand in size and when it prefers consolidation through customs union (CU) formation when the exi...

by Sunandan Ghosh | On 31 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

How Does Public Debt Affect the Indian Macroeconomy? A Structural VAR Approach

This study investigates the macroeconomic effects of public debt in India using a Structural Vector Auto regression (SVAR) framework for the period from 1980 to 2017. The objective of this study is to...

by Ranjan Kumar Mohanty | On 23 Jan 2019

Examining the Trade-Off Between Price and Financial Stability in India

In recent years, many emerging economies including India have adopted inflation targeting framework. Post the global financial crisis, there is a growing debate on whether monetary policy should targe...

by Ila Patnaik | On 23 Jan 2019

What do we Know about Changing Economic Activity of Firms?

Identification of primary economic activity of ¬firms is a prerequisite for compiling several macro aggregates. This paper takes a statistical approach to understand the extent of changes in primary e...

by Radhika Pandey | On 23 Jan 2019

Responses to Trade Opening: Evidence and Lessons from Asia

In various Asian countries, international trade has raised productivity, lowered mark ups through import competition (while increasing them through cheaper inputs that can be imported), raised wages,...

by Devashish Mitra | On 22 Jan 2019

Productivity and Trade Growth in Services: How Services Helped Power Factory Asia

This paper uses a theory-based measure of productivity-based comparative advantage to examine the trade performance of developing Asian economies in manufacturing and services over the 1995–2011 perio...

by Ben Shepherd | On 20 Jan 2019

Data Localisation in India: Questioning the Means and Ends

This paper classifies the arguments around data localisation into three broad categories - the civil liberties perspective; the government functions perspective and the economic perspective. It examin...

by Rishab Bailey | On 12 Jan 2019

Exporting and Firm Performance: Evidence from India

In this paper the positive correlation between firm productivity and export status is well established. This correlation can arise from multiple alternative casual models. It has investigated these re...

by Apoorva Gupta | On 12 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

Services Policies and Manufacturing Exports

This paper uses a structural gravity model to show the effects of services policies on manufacturing exports. Whereas the previous literature has focused on indirect effects of policies—flowing throug...

by Ben Shepherd | On 28 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

Skewed Credit and Growth Dynamics after the Global Financial Crisis

A large empirical literature finds that financial development is beneficial for economic growth, although some recent evidence suggests otherwise. The paper contributes to the finance–growth literatur...

by Gemma Estrada | On 19 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

Debt Traps? Market Vendors and Moneylender Debt in India and the Philippines

A debt trap occurs when someone takes on a high-interest rate loan and is barely able to pay back the interest, and thus perpetually finds themselves in debt (often by re-financing). Studying such pra...

by Dean Karlan | On 04 Oct 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

Bribes vs. Taxes: Market Structure and Incentives

Firms in developing countries often avoid paying taxes by making informal payments to tax officials. These bribes may raise the cost of operating a business, and the price charged to consumers. To dec...

by Francesco Amodio | On 17 Sep 2018

Bride Price and Female Education

The paper examines how the effects of school construction on girls’ education vary with a widely-practiced marriage custom called bride price, which is a payment made by the husband and/or his family...

by Nava Ashraf | On 17 Sep 2018

Vietnam’s Low National Competitiveness, Causes, Implications and Suggestions for Improvement

This study provides an in-depth analysis of main causes of Vietnam’s low competitiveness from the country’s perspective. These are structural problems due to its factor-based growth model, expansionar...

by LE Quoc Phuong | On 11 Sep 2018

Misallocation in the Market for Inputs: Enforcement and the Organization of Production

The strength of contract enforcement determines how firms source inputs and organize production. Using microdata on Indian manufacturing plants, it shows that production and sourcing decisions appear...

by Johannes Boehm | On 03 Sep 2018

Impure Impact Giving: Theory and Evidence

The paper presents a new model of charitable giving where individuals regard out-of-pocket donations and the matches they induce as different. The paper shows that match-price elasticities combine con...

by Daniel M. Hungerman | On 01 Sep 2018

The People’s Republic of China’s Long-Run Growth through the Lens of the Export-Led Growth Model

The People’s Republic of China’s (PRC) remarkable growth performance over the last 3 decades has been associated to very robust export growth, so much so that many refer to it as a clear example of ex...

by Jesus Felipe | On 29 Aug 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

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

Managing Credit Risk and Improving Access to Finance in Green Energy Projects

The cost of finance has a relatively high impact on the returns and viability of clean energy projects compared with fossil fuel-based energy projects, because the operating costs for renewable energy...

by Purkayastha Dhruba | On 13 Aug 2018

Financing Solar Photovoltaic Transition: From Utility to Residential Market Adoption in Emerging Economies

This paper examines the advantages and disadvantages of different financial schemes for introducing PV facilities in terms of the suitability of funding vehicles and investment mechanisms. Given the p...

by Ranaporn Tantiwechwuttikul | On 13 Aug 2018

Short-term Migration in Rural India: The Impact of Nature and Extent of Participation in Agriculture

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 S. Chandrasekhar | On 25 Jul 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

The Morbidity Cost of Air Pollution: Evidence from Consumer Spending in China

This paper provides knowledge the first analysis of the morbidity cost of PM2.5 for the entire population of a developing country. To address potential endogeneity in pollution exposure, it constructs...

by Panle Jia Barwick | On 12 Jun 2018

Empirical Analysis of Factors Influencing Price of Solar Modules

The solar energy market has seen huge growth in recent years with a vast increase in solar cumulative capacity worldwide. One of the key drivers behind this growth is the decline in solar module price...

by Farhad Taghizadeh-Hesary | On 11 Jun 2018

Young Enterprises and Bank Credit Denials

By employing a sample of 20,956 observations of non-financial SMEs headquartered in the Euro area, between 2009 and 2015, the paper tests whether young businesses are more likely to face credit reject...

by Danilo V. Mascia | On 06 Jun 2018

Determinants of Dividends among Indian Firms—An Empirical Study

The study aims to understand the determinants of dividend trends of Indian firms. The study was based on a sample of 31,234 firms representing 15 different industry sectors. Construction materials...

by | On 31 May 2018

Rural Wage Dynamics in India: What Role does Inflation Play?

This paper studies the relationship between rural wage growth and inflation in India to assess the risk of a wage - price spiral to the inflation trajectory. The results...

by Sujata Kundu | On 14 May 2018

The Impact of New Drug Launches on Life-Years Lost in 2015 from 19 Types of Cancer in 36 Countries

This study employs a two-way fixed effects research design to measure the mortality impact and cost-effectiveness of cancer drugs: it analyzes the correlation across 36 countries between relative mort...

by Frank R. Lichtenberg | On 02 May 2018

Innovation and Trade Policy in a Globalized World

How do import tariffs and R&D subsidies help domestic firms compete globally? How do these policies affect aggregate growth and economic welfare? To answer these questions, the paper builds a dynamic...

by Ufuk Akcigit | On 02 May 2018

India and Trade Facilitation in Services (TFS) Agreement: Concerns and Way Forward

Services are a major component of global gross domestic product and employment, and a rising component of global trade and investment flows. This is the largest sector of the Indian ...

by Avantika Kapoor | On 25 Apr 2018

Forward Guidance

The paper assesses the power of forward guidance—promises about future interest rates—as a monetary tool in a liquidity trap using a quantitative incomplete-markets model. The results suggest the effe...

by Marcus Hagedorn | On 24 Apr 2018

Effects of Contract Governance on Public Private Partnership (PPP) Performance

This paper empirically examines the impact of differences in contract attributes on project outcomes. The hypothesis is to test whether better incentive structure and stricter administrative controls...

by Chandan Kumar | On 05 Apr 2018

Climate Policy under Cooperation and Competition between Regions with Spatial Heat Transport

The paper builds a novel stochastic dynamic regional integrated assessment model (IAM) of the climate and economic system including a number of important climate science elements that are missing in m...

by Yongyang Cai | On 04 Apr 2018

Domestic Resource Mobilisation for Development: An Analysis for the Past Trends and Future Options

The paper says that average saving rate over 1990-91 to 1995-96 has been only 14.7 percent of GDP.

by Sarfraz Qureshi | On 30 Mar 2018

Triggers and Barriers for ‘Exclusion’ To ‘Inclusion’ in the Financial Sector: A Country-Wise Scrutiny

There have been very few works focusing on the determinants and barriers of financial inclusion. The objective of this study is two folded. Firstly, to measure a efficient composite multi-dimensiona...

by | On 27 Mar 2018

Monetary Policy: Its Changing Objectives, Instruments and Results

This paper seeks to examine how the objectives of monetary policy have changed over the years from one of supporting public investment to one of inflation control and still later to inflation targetin...

by | On 15 Mar 2018

Mergers and Acquisitions, Technological Efforts and Exports: A Study of Pharmaceutical Sector in India

This report attempts to examine the role of Mergers and Acquisitions (M&A) and technological efforts in determining the export competitiveness of firms belonging to Indian Pharmaceutical Industry. M...

by Vidhisha Vyas | On 13 Mar 2018

Investment Choice with Managerial Incentive Schemes

In this paper we show that firms might get an additional strategic benefit from using marginal-cost-reducing investments in conjunction with a managerial incentive scheme. While both these instrumen...

by | 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

Seeing the Forest for the Trees? An Investigation of Network Knowledge

The paper studies a dynamic model of the decision to continue or abandon a research project. Researchers improve their ideas over time and also learn whether those ideas will be adopted by the scienti...

by | On 07 Mar 2018

Learning When to Quit: An Empirical Model of Experimentation

The paper studies a dynamic model of the decision to continue or abandon a research project. Researchers improve their ideas over time and also learn whether those ideas will be adopted by the scienti...

by Bernhard Ganglmair | On 06 Mar 2018

Sticky Expectations and Consumption Dynamics

Macroeconomic models often invoke consumption “habits” to explain the substantial persistence of aggregate consumption growth. But a large literature has found no evidence of habits in microeconomic d...

by Christopher D. Carroll | On 05 Mar 2018

Trade with Correlation

The paper develops a trade model in which productivity—the result of a country’s ability to adopt global technologies—presents an arbitrary pattern of spatial correlation. The model generates the full...

by Nelson Lind | On 05 Mar 2018

Kerala's Education System: From Inclusion to Exclusion?

The paper examines the recent shifts in Kerala’s education system from an inclusive one to an exclusive one.

by N. Ajith Kumar | On 01 Mar 2018

An Alternative Argument of Green Solow Model in Developing Economy Context

The paper attempts to understand the significance of the Green Solow Model, in the context of a developing country such as India. It gives particular importance to the role of population density, in...

by | On 27 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

A Shift from Crime to Terrorism: Assessing D-Company

This paper offers an analysis of the causes behind the changing philosophy and practices of one of the well-known crime organizations from India to move closer towards terrorism to support its crimina...

by Ajey Lele | 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

Does Gender Diversity Improve Firm Performance?: Evidence from India

This report explores how fostering gender diversity at the firm level can be good for business.

by Ruchika Joshi | On 08 Feb 2018

Governance Dilemmas of Sustainable Cities

This paper aims to scrutinize the dilemmas involved in governing sustainable cities, and it offers a suggestion for how the challenge might be addressed.

by Joakim Öjendal | On 08 Feb 2018

Economic Survey 2017: Volume II, Chapter 4: Prices and Inflation

Inflation in the country continued to moderate during 2017-18. CPI based headline inflation averaged 3.3 per cent during April-December 2017-18, the lowest in the last six financial years. The signi...

by Arun Jaitley | On 31 Jan 2018

Economic Survey 2017: Volume I, Chapter 5: Is there a “Late Converger Stall” in Economic Development? Can India Escape it?

The first order fact about the developing world today is that this is an era of unprecedented prosperity. And that is true about India too which has been one of the most dynamic economic performers...

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

What Determined 2015 TPA Voting Pattern?: The Role of Trade Negotiating Objectives

This paper analyzes 2015-TPA voting patterns in the Congress in the context of the trade negotiating objectives.

by Yoon Joon | On 24 Jan 2018

Accountability in Education: Meeting our Commitments

There are today 264 million children and youth not going to school – this is a failure that we must tackle together, because education is a shared responsibility and progress can only be sustainable...

by United Nations Girls Education Initiative | On 22 Jan 2018

Accountability in Education: Meeting our Commitments

There are today 264 million children and youth not going to school – this is a failure that we must tackle together, because education is a shared responsibility and progress can only be sustainable t...

by | On 22 Jan 2018

Mitigating Threats to Girls's Education in Conflict Affected Contexts: Current Practice

Conflict amplifies existing power dynamics and inequalities in families and societies because of the insecurity and fear caused by the upheaval of support structures. Conflicts generally result in the...

by | On 22 Jan 2018

Effects of Financial Market Imperfections on Indian Firms‘ Exporting Behavior

Using data from more than 6,000 manufacturing firms in India for 1996–2008, we investigate the impact of financial constraints on the exporting behavior of Indian manufacturing firms while also focusi...

by Hiro Ito | On 21 Dec 2017

Evolution of the Infant Health Production Function

This article provides a systematic review of the published literature to date on infant health production and how it has evolved over the past 3-4 decades as data have become more available, computing...

by Hope Corman | On 19 Dec 2017

The Value of Pharmacogenomic Information

This paper studies of couple evidence from a real-world implementation of pharmacogenomic testing with a discrete event simulation model. It uses the framework to evaluate the cost-effectiveness of va...

by John A. Graves | On 18 Dec 2017

The Potential for Carbon Dioxide Equivalent Sequestration in Agro-Manitoba

The report says that Manitoba is a province rich in agricultural lands, where the agriculture sector is a cornerstone for the economy.

by International Centre and Sustainable Development | On 18 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

Cities and Entrepreneurs over Time: Like a Horse and Carriage?

This paper explores the co-evolution of entrepreneurship and cities. First, it provides a stylized model of development wherein the rise of cities (urbanisation) is the outcome of the activities of en...

by Wim Naudé | On 15 Dec 2017

What does the new 2011-12 IIP series tell us about the Indian manufacturing sector?

The paper discusses the changes in the new 2011-12 base year series of the Index of Industrial Production (IIP) to ask, whether the new series has improved our under-standing of the growth in the manu...

by Radhika Pandey | On 12 Dec 2017

Should We Reject the Natural Rate Hypothesis ?

Fifty years ago, Milton Friedman articulated the natural rate hypothesis. It was composed of two sub-hypotheses: First, the natural rate of unemployment is independent of monetary policy. Second, ther...

by | On 08 Dec 2017

India and Trade Facilitation in Services (TFS) Agreement: Concerns and Way Forward

Services are a major component of global gross domestic product and employment, and a rising component of global trade and investment flows. This is the largest sector of the Indian economy contributi...

by | On 30 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

Knowledge attitude and practice survey on social protection schemes in selective districts

The study focus on the existing social assistance schemes targeted towards the extreme poor.

by Rabia Tabassum | On 16 Nov 2017

The Status of Financial Inclusion, Regulation, and Education in India

India’s financial inclusion agenda has witnessed a paradigm shift over the last decade, away from an emphasis on credit to a more comprehensive approach toward financial services (e.g., opening bank a...

by | On 16 Nov 2017

Inequality and Expectations in a Model of Technology Adoption and Growth

This paper highlights the role of initial wealth inequality in determining the technology adoption decision of firms, which in turn impacts upon the overall productivity in an economy. Wealth inequali...

by Surbhi Badhwar | On 08 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

Understanding Judicial Delay at the Income Tax Appellate Tribunal in India

This paper creates a de novo data-set using publicly available data on cases at the Indian Income Tax Appellate Tribunal (ITAT). The paper applies the statistical techniques of hazard models to addres...

by Pratik Datta | On 17 Oct 2017

Affordable Housing in Urban India

The report narrates that threefold increase in percapita income in urban areas is expected during this period of time.

by S.V. Ranganath | On 12 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

Central Bank Communication: The Practice in Nepal Rastra Bank and Impact on Inflation

The paper says that it will contribute to make monetary policy more effective and thus enhance its impact.

by Sarthak Karki | On 06 Oct 2017

Intensive and Extensive Margins of Exports: What Can India Learn from China ?

We decompose India’s export performance in manufactured products during 2000-2015 into changes at the intensive and extensive margins. India’s performance, along different margins, is compared and con...

by Veeramani C | On 06 Oct 2017

Optimal Inflation Rate for Nepal

This paper estimates the optimal inflation rate in Nepal based on the data of the period 1978–2016.

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

Financial Inclusion, Information and Communication Technology Diffusion and Economic Growth: A Panel Data Analysis

The present study has first examined whether ICT development can be an important determinant of Financial Inclusion by using a fixed effect panel data model. The results show that ICT is indeed an i...

by Amrita Chatterjee | On 25 Sep 2017

Money's Causal Role in Exchange Rate: Do Divisia Monetary Aggregates Explain More?

The paper investigate the predictive power of Divisia monetary aggregates in explaining exchange rate variations for India, Israel, Poland, UK and the US, in the years leading up to and following the...

by Taniya Ghosh | On 18 Sep 2017

Drivers of Farmers' Income: The Role of Farm Size and Diversification

The study finds that a U-shaped relationship exists between farm size and farm / farmer's income. The results also show that both on-farm and off-farm diversification have an inverted U-shape relatio...

by Varun Kumar Das | On 18 Sep 2017

Slowdown in Bank Credit Growth: Aggregate Demand or Bank Non-Performing Assets?

This paper tests the bank lending channel against the aggregate demand channel as an explanation for slow credit growth by estimating the determinants of credit and of non- performing assets (NPAs) us...

by Ashima Goyal | On 15 Sep 2017

Monetary Transmission in India: Working of Price and Quantum Channels

The paper examines the strength and efficacy of transmission from the policy rate and liquidity provision to market rates in India, using event window regression analysis. The paper finds the interest...

by Ashima Goyal | On 15 Sep 2017

Trade Potential of the Fishery Sector: Evidence from India

The contribution of fisheries sector to Indian merchandise trade and to world fishery trade is substantial. The items traded have gained reputation over the years which will help to keep the momentum...

by Veena Renjini K K | On 13 Sep 2017

Augmenting Small Farmers Income Through Rural Non-Farm Sector: Role of Information and Institutions

The paper discusses the nature and extent of non-farm activities in India using India Human Development Survey unit record data. An exercise carried out to understand the determinants of income from n...

by Meenakshi Rajeev | On 11 Sep 2017

Womanhood Beyond Motherhood: Exploring Experiences of Voluntary Childless Women

This study attempts to explore the emerging issue among women in Indian cities who voluntarily chose to be childless, with an emphasis on the reasons accorded for opting out of motherhood. Findings of...

by Chandni Bhambhani | On 07 Sep 2017

Building Inclusive Economies, Building a Better World: A Look at the APEC 2015 Priority Areas (Volume II)

This paper, mainstreaming SMEs in the regional and global market loosely refers to the internationalization of SMEs.

by Philippine Institute Studies (PIDS) | On 05 Sep 2017

'Urban Bias' in the Flow of Funds and Deposit Mobilisation: Evidence from Karnataka, India

The paper argues that as bankers consider deposits a means for security, easy and attractive deposit schemes should be introduced in rural areas.

by Gagan Bihari Sahu | On 23 Aug 2017

Demonetisation: Macroeconomic Implications for Indian Economy

The present paper attempts to explore the macroeconomic implications of the “demonetisation” exercise announced on November 8, 2016, for the Indian economy on three board parameters of growth, distrib...

by Pradymna Rawat | On 09 Aug 2017

Factors Influencing Indian Manufacturing Firms’ Decision to Hire Contract Labour

The study attempts to investigate the factors affecting a firm’s decision to hire contract workers. The information from a specially commissioned survey of manufacturing firms undertaken in 2014 by IC...

by Jaivir Singh | On 08 Aug 2017

A Measure of Finance-Neutral Output Gap for India

In the Indian context, the present literature on estimation of potential output - the level of output that an economy can produce sustainably over the medium term is based on an understanding that sus...

by Deba Prasad Rath | On 04 Aug 2017

Comparison of Consumer and Wholesale Prices Indices in India: An Analysis of Properties and Sources of Divergence

This paper provides a comparative assessment of CPI and WPI in terms of its key characteristics, particularly on the method of compilation, distributional properties and measures of underlying inflat...

by Praggya Das | On 04 Aug 2017

What Explains Call Money Rate Spread in India?

The study focuses on various drivers of overnight inter-bank rate spread under the new liquidity management framework during July 2013 to December 2016. Applying OLS with Newey-West estimator and va...

by Sunil Kumar | On 03 Aug 2017

Phillips Curve Relationship in India: Evidence from State-Level Analysis

This paper revisits the issue of determinants of inflation in India in a Phillips curve framework and makes two key contributions in relation to existing studies. First, in the context of the Reserve...

by Harendra Behera | On 03 Aug 2017

Cities, Towns, and Poverty: Migration Equilibrium and Income Distribution in a Todaro-type Model with Multiple Destinations

Should public investment be targeted to big cities or to small towns, if the objective is to minimize national poverty? To answer this policy question the basic Todaro-type model of rural-urban migr...

by Luc Christiaensen | On 01 Aug 2017

Decoding the Committee on the Future Economy (CFE) Report 2017: Structuring Partnerships, Changing Mindsets and Nurturing Creativity

The purpose of this research is to elucidate and analyse the underlying thinking behind the CFE strategies in order to determine potential gaps that could arise as the strategies are implemented in po...

by Tan Tai Loong Alex | On 01 Aug 2017

Economic Impacts of Child Marriage

The international community is increasingly aware of the negative impacts of child marriage on a wide range of development outcomes. Ending child marriage is now part of the Sustainable Development Go...

by Quentin Wodon | On 31 Jul 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

Design of Solar Field and Performance Estimation of Solar Tower Plants

The major components in a ST plant are the heliostats, receivers, tower, HTF, working fluid and power block.

by G. Srilakshmi | On 28 Jul 2017

The Economic Impacts of the Clean Power Plan: How Studies of the Same Regulation can Produce such Different Results

The main objective of the paper is to of add clarity to the debate over the economic effects of regulations like the CPP. It is shown that studies of the same regulation using similar methodologies c...

by Noah Kaufman | On 28 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

The Health Burden of Dust Pollution in the Textile Industry of Faisalabad, Pakistan

The study focuses on the high incidence of occupational health hazards faced by women and men working in the textile industry of Pakistan. One of the most relevant risk factors is exposure to airborne...

by Muhammad Khan | On 27 Jul 2017

Comparison of Various Business Cycle Models for Pakistan

In this paper, we compare the performance of different models, on two data frequencies, in terms of matching the business cycle moments of Pakistani economy. Out of the four models, two are simple r...

by M. Ali Choudhary | On 26 Jul 2017

Rethinking the Development of Post-War Sri Lanka Based on the Singapore Model

This study explores three major points, namely, Singapore's development process,Singapore's model of economic development, and the economic challenges of post-war Sri Lanka. This study explores pages...

by Sanika Sulochani Ramanayake | On 25 Jul 2017

Sustainable Energy Access Planning: A Framework

This report presents a framework for sustainable energy access planning that planners and policy makers can use to design cost-effective clean energy supply systems that both poor and nonpoor can sust...

by Asian Development Bank Institute | On 24 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

Households' Inflation Expectations in India: Role of Economic Policy Uncertainty and Global Financial Uncertainty Spill-over

Inflation expectations are an important marker for the conduct of monetary policy. Using a Bayesian structural VAR-X model that includes the inflation expectations of general public based on the Infla...

by Taniya Ghosh | On 21 Jul 2017

Aid for Trade in Asia and the Pacific: Thinking Forward About Trade Costs and the Digital Economy

This report takes stock of how AfT has contributed to these trends and considers some constructive ways to move forward, to continue to address trade costs in Asia and the Pacific.

by Asian Development Bank Institute | On 17 Jul 2017

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

The People’s Republic of China (PRC) implemented a Fuel Tax Reform in 2009 that made significant changes to the way the country funds and delivers its ‘ordinary road’ program.

by Asian Development Bank Institute | On 17 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

Harmonization and Standardization of Bond Market Infrastructures in ASEAN+3: ASEAN+3 Bond Market Forum Sub-Forum 2 Phase 3 Report

This report is an outcome of Phase 3 discussions under the ASEAN+3 Bond Market Forum Sub-Forum 2, which have focused on making bond market infrastructures in the region more inter-operable through the...

by Asian Development Bank Institute | On 11 Jul 2017

Innovative Strategies in Technical and Vocational Education and Training for Accelerated Human Resource Development in South Asia: Bangladesh

This publication is complemented by critical analyses to determine key issues, challenges, and opportunities for innovative strategies toward global competitiveness, increased productivity, and inclus...

by Asian Development Bank Institute | On 10 Jul 2017

Economic Analysis of Climate-Proofing Investment Projects

This report describes the conduct of the cost-benefit analysis of climate proofing investment projects. An important message is that the presence of uncertainty about climate change does not invalidat...

by Asian Development Bank Institute | On 10 Jul 2017

Financial Soundness Indicators for Financial Sector Stability in Georgia

The results of this study can be used to strengthen the institutional and statistical capacities of Georgia to routinely collect, compile, analyze, and disseminate internationally comparable financial...

by Asian Development Bank Institute | On 07 Jul 2017

Financial Soundness Indicators for Financial Sector Stability: A Tale of Three Asian Countries

This report presents country-case studies for Bangladesh, Georgia, and Viet Nam focusing on growing evidences in the development of financial soundness indicators to effectively monitor the financial...

by Asian Development Bank Institute | On 06 Jul 2017

Asia Bond Monitor - September 2015

The publication reviews recent developments in East Asian local currency bond markets along with the outlook, risks, and policy options. This issue includes a special section on Sukuk (Islamic bonds)...

by Asian Development Bank Institute | On 06 Jul 2017

Innovative Strategies in Technical and Vocational Education and Training for Accelerated Human Resource Development in South Asia: Sri Lanka

This publication is part of a series of six country reports on technical and vocational education and training (TVET) and higher education in Bangladesh, Nepal, and Sri Lanka. Each report presents cur...

by Asian Development Bank Institute | On 29 Jun 2017

Asia Bond Monitor - November 2015

The report says that yields for 10-year local currency (LCY) government bonds in emerging East Asia were mostly down between 1 September and 31 October. Investor confidence was buoyed as financial mar...

by Asian Development Bank Institute | On 29 Jun 2017

Roadmap for Carbon Capture and Storage Demonstration and Deployment in the People’s Republic of China

This report is an assessment of the potential, the barriers and the challenges in demonstrating and deploying Carbon capture and storage (CCS) in the People's Republic of China. It identifies unique l...

by Asian Development Bank Institute | On 26 Jun 2017

Strengthening City Disaster Risk Financing in Vietnam

This paper presents a summary of a technical assistance project on the development of disaster risk financing solutions for the cities of Can Tho and Hue and, by extension, for other cities in Viet Na...

by Asian Development Bank Institute | On 26 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

Toward Mainstreaming and Sustaining CDD in Indonesia: Understanding Local Initiatives and the Transition from PNPM-Rural to the Villlage Law

The report summarizes important lessons learned and policy implications from the first year of Village Law implementation.

by Asian Development Bank Institute | On 16 Jun 2017

Asia Bond Monitor - March 2016

The report narrates that the yields of local currency bonds in most emerging East Asian markets remained on a downward trajectory in the first month and a half of 2016, pressured by worries over globa...

by Asian Development Bank Institute | On 15 Jun 2017

Asia Bond Monitor - June 2016

The report says that the global economic environment also affects the region’s bond yields, emphasizing the importance of domestic macroeconomic stability and bond market resilience in the face of glo...

by Asian Development Bank Institute | On 06 Jun 2017

Myanmar Transport Sector Policy Note: How to Improve Road User Charges

This report presents a preliminary economic analysis of road user costs and fees, partly drawing from the World Bank’s Road User Charge (RUC) model and analysis framework, and a review of the tolling...

by Asian Development Bank Institute | On 01 Jun 2017

An Automatic Leading Indicator Based Growth Forecast For 2016-17 and The Outlook Beyond

Building on the early work of Mitchell and Burns (1938,1946), the automatic leading indicator (ALI) approach has been developed over the last few decades by Geweke (1977), Sargent and Sims (1977), Sto...

by Parma Chakravartti | On 26 May 2017

Competition Issues in India's Online Economy

The world of high technology companies is seen as a dynamic area with a rapid pace of creative destruction. There is, however, a class of industries where there are strong network effects, where the m...

by Smriti Parsheera | On 25 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

Asia Bond Monitor - September 2016

The report notes that yields for 2-year and 10-year local currency government bonds in emerging East Asia were mostly lower between 1 June and 15 August and stock markets in the region recorded gains...

by Asian Development Bank Institute | On 23 May 2017

Rural Medical Practitioners: Who are they? What do they do? Should they be trained for improvement? Evidence from rural West Bengal

The private healthcare sector in rural India is often dominated by unqualified rural medical practitioners (RMPs). However, there is limited evidence on RMPs and potential for an intervention to reduc...

by Subrata Mukherjee | On 19 May 2017

Analysis of Simultaneous Elections : The "What", "Why" and "How"

This paper narrates that elections impact everyone in the entire country – citizens, businesses, administrative machinery, constitutional institutions, political parties, leaders and so on. Eventual i...

by Bibek Debroy | On 18 May 2017

ASEAN+3 Bond Market Guide 2016: Japan

The paper narrates that the Government of Japan raises significant amounts from domestic capital markets to finance government expenditures, mainly through the issuance of Japanese Government Bonds (J...

by Asian Development Bank Institute | On 16 May 2017

Credit Guarantees: Challenging Their Role in Improving Access to Finance in the Pacific Region

This paper draws on the background research by Saumya Mitra. PSDI thanks Erik Aelbers for preparing Appendix 2: Credit Guarantee Schemes in the Pacific, and Melissa Dayrit and Amanda Lucas-Frith for h...

by Asian Development Bank Institute | On 11 May 2017

Philippines: Management of Contingent Liabilities Arising from Public-Private Partnership Projects

The paper says that the government has already initiated reforms to strengthen the institutional framework for managing contingent liabilities arising from PPP projects. Among these reforms are (i) es...

by Asian Development Bank Institute | On 10 May 2017

Reinventing Mutual Recognition Arrangements: Lessons from International Experiences and Insights for the ASEAN Region

This report aims to support ASEAN policymakers and regulatory bodies by examining MRAs signed in other regions to see how well they have functioned on the ground. It focuses on the following issues: D...

by Dovelyn Rannveig Mendoza | On 08 May 2017

Dynamic Stochastic General Equilibrium (DSGE) Modelling :Theory And Practice

In recent years DSGE (dynamic stochastic general equilibrium) models have come to play an increasing role in central banks, as an aid in the formulation of monetary policy (and increasingly after th...

by DILIP NACHANE | On 04 May 2017

Cost Channel, Interest Rate Pass-Through and Optimal Policy under Zero Lower Bound

This paper analyzes optimal monetary policy under zero lower bound in the presence of cost channel. Cost channel introduces trade-o¤ between output and inflation when economy is out of ZLB. As a res...

by Taniya Ghosh | On 04 May 2017

From Participation To Repurchase: Low Income Households And Micro-Insurance

The paper asks what drives insurance coverage in low income households by analysing repurchase patterns of micro-insurance policies. The paper uses data on customers of a financial services provider...

by Renuka Sane | On 03 May 2017

The Long Road to Transformation of Agricultural Markets in India: Lessons from Karnataka

This paper examines Karnataka's pioneering agricultural output marketing reforms with the twin goals of assessing the state and challenges of implementation and to glean lessons from Karnataka's expe...

by Nidhi Aggarwal | On 02 May 2017

Income Generation and Inequality in India's Agricultural Sector: The Consequences of Land Fragmentation

This paper is a contribution to understanding income generation and inequality in India's agricultural sector. The paper analyses the National Sample Surveys of agriculture in 2003 and 2013 using desc...

by Sanjoy Chakravorty | On 02 May 2017

Can Conditional Transfers Eradicate Child Marriage?

Conditional cash transfers are increasingly being used by policymakers as a strategy to postpone the marriage of adolescent girls in developing countries. While this approach has met with success in t...

by | On 27 Apr 2017

Smart Cities Movement in BRICS

BRICS nations are today cooperating on numerous matters of mutual concern. The cooperation is the result of years of deliberation, hard work and commitment. Since the formation of the grouping in the...

by | On 14 Apr 2017

World Employment Social Outlook

Over the past two decades, significant progress has been made in reducing poverty in the majority of countries. In emerging and developing countries, taken as a whole, it is estimated that nearly 2 bi...

by International Labour Organization [ILO] | On 14 Apr 2017

Discrimination as Favoritism: The Private Benefits and Social Costs of In-group Favoritism in an Experimental Labor Market

In this paper, we examine labor market favoritism in a unique laboratory experiment design that can shed light on both the private benefits and spillover costs of employer favoritism (or discriminatio...

by | On 30 Mar 2017

Macroeconomic Impact of Demonetisation: A Preliminary Assessment

The analysis in this paper suggests that demonetisation has impacted various sectors of the economy in varying degrees; however, in the affected sectors, the adverse impact was transient and felt ma...

by Reserve Bank of India RBI | On 21 Mar 2017

Macroeconomic Impact of Demonetisation-A Preliminary Assessment

Demonetisation announced on November 8, 2016 was aimed at addressing corruption, black money, counterfeit currency and terror financing. Although demonetisation holds huge potential benefits in the me...

by Reserve Bank of India RBI | On 15 Mar 2017

Estimating Labor Force Joiners and Leavers Using a Heterogeneity Augmented Two-Tier Stochastic Frontier

We derive a non-standard unit root serial correlation formulation for intertemporal adjustments in the labor force participation rate. This leads to a tractable three-error component model, which in c...

by | On 01 Mar 2017

Anger Management: Aggression and Punishment in the Provision of Public Goods

The ability to punish free-riders can increase the provision of public goods. However, sometimes the benefit of increased public good provision is outweighed by the costs of punishments. One reason a...

by | On 21 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

Going Cashless: Is India Ready for Digital?

Cash, alas, is not free; its use comes at a significant cost. I have studied the cost of cash in over 70 countries, in research outlined in a recent article in the Harvard Business Review, titled ‘The...

by | On 04 Jan 2017

Economic Impacts of Inadequate Sanitation in India

The Water and Sanitation Program (WSP) has launched a multicountry Economics of Sanitation Initiative (ESI) to study the economic impacts of poor sanitation and the costs and benefits of improved sani...

by | On 27 Dec 2016

Cost of Controlling Water Pollution and its Impact on Industrial Efficiency

This paper estimates the cost of effluent discharge regulations for firms located in the lower Kelani River catchment in Sri Lanka. The river provides water for many economic purposes including drin...

by Asha Gunawardena | On 23 Dec 2016

The State of India's Pulses Sector

Pulses in India have recently become a topic of concern among policymakers. Members of the Opposition, for instance, have pointed to the 'exceptionally high' cost of certain pulses as an indication of...

by | On 15 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

E-governance, Accountability, and Leakage in Public Programs: Experimental Evidence from a Financial Management Reform in India

In collaboration with the Government of Bihar, India, a large-scale experiment is conducted to evaluate whether transparency in fiscal transfer systems can increase accountability and reduce corrupt...

by Abhijit Banerjee | On 02 Dec 2016

Poverty Impacts of Agricultural Trade Reforms

The impact of trade policy on poverty, food security and inequality in developing countries is at the centre of a crowded international debate on the role of international trade in development. Develo...

by United Nations Environment Programme UNEP | On 24 Nov 2016

China’s Rural-Urban Migration: Structure and Gender Attributes of the Floating Rural Labor Force

This article focuses on Chinese female rural migrant workers. Based on the survey data collected in Anhui and Sichuan provinces of China, the article investigates gender aspects of Chinese rural-urban...

by | On 22 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

Black Money, Corruption and Demonetisation

The demonetisation of currency after a long period of 38 years was a welcome and bold step taken by the Government of India on November 8, 2016. The last demonetisation was implemented in 1978 by wi...

by Martin Patrick | On 11 Nov 2016

The Yogi and the Commissar

It’s the season for media biographies, as NDTV and TV18 publish their life stories. If NDTV comes across as self-righteous TV18 is open about its sins of commission. Chintamani Rao says the books of...

by | On 07 Nov 2016

Costs and Benefits of Urbanization: The Indian Case

Urbanization has both benefits and costs. In a market economy, the trade-off between benefits and costs determines the level, speed, and place of urbanization. This paper summarizes research finding...

by Kala Seetharam Sridhar | On 28 Oct 2016

Laws and Institutions Relating to Environmental Protection in India

This paper deals with the evolution of laws, institutions and polices relating to environmental protection in India. It considers the following questions : (a) whether the laws are evolved indigenou...

by U. Sankar | On 28 Oct 2016

Investment Pattern of Youth in India with Particular Reference to Mumbai

This study examines the savings and investment pattern of select college going students (Age: 17-25 years) in the city of Mumbai who has just begun to earn. The study also looks into the basic financi...

by | On 25 Oct 2016

Student Responses to the Changing Content of School Meals in India

Can countries with binding budget constraints increase the benefits of school transfers through better program design? A cost-neutral change is used in the design of India’s school meal program to s...

by Farzana Afridi | On 20 Oct 2016

On Measuring Uncertainty: Snakes and Ladders

The Global Crisis demonstrated to the world that Ratings Agencies had misled the public about the stability of financial institutions. The Finance literature had decided that it was impossible to have...

by | On 18 Oct 2016

Will China’s Demographic Transition Exacerbate Its Income Inequality? A CGE Modeling with Top-down Microsimulation

Demographic transition due to population aging is an emerging trend throughout the developing world, and it is especially acute in China, which has undergone demographic transition more rapidly than...

by Xinxin Wang | On 10 Oct 2016

Refugee Compacts: An Initial Framework

This brief outlines a particular iteration of a compact approach that incorporates critical components—such as shared outcomes for refugees, host country ownership and focus on longer-term transition,...

by Cindy Huang | On 10 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

Regime Shifts in India’s Monetary Policy Response Function

The objectives of monetary policy have always been a topic of intensive debate. This debate has resurfaced during the past few years. In India too monetary policy-making appears to have undergone si...

by Lokendra Kumawat | 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

Valuing Alternative Work Arrangements

This paper uses a field experiment to study how workers value alternative work arrangements. During the application process to staff a national call center, researchers randomly offered applicants cho...

by Alexandre Mas | On 05 Oct 2016

Integrated Model of Computable General Equilibrium and Social Cost Benefit Analysis of an Indian Oil Refinery: Future Projections and Macroeconomic Effects

Social Cost Benefit Analysis has long been used as a useful tool to appraise the value of a range of investment projects. Various aspects of this method have been subject to scrutiny over the decade...

by Shovan Ray | On 30 Sep 2016

Evaluating Asian FTAs: What do Gravity Equation Models Tell Us?

This research evaluates the performance of free trade agreements by analyzing the determinants of trade flows of Asian economies for a panel of thirty-one countries during 2007-2014 using a Gravity...

by Sunder Ramaswamy | On 29 Sep 2016

A Study of Energy Efficiency in the Indian Iron and Steel Industry

The report begins with an overview of the Iron and Steel Industry in the context of its importance to Indian economy and introduces the objective of this study. The status of the industry by productio...

by | On 19 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

Harvesting Solar Power in India!

This is particularly so when the current solar power capacity in the country has just touched 8000 MW by July end, 2016, and no country in the world has such an ambitious target as India has set out...

by Ashok Gulati | On 16 Sep 2016

For a Free and Fair Sporting Sector in India

The question that this report seeks to answer is: ‘which one can be a successful model in sports in India: Planned Approach or a Spontaneous Order?’ The study explains that planned sporting activities...

by Rahul V. Kumar | On 09 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

Ecosystem-based Adaptation: A Win–Win Formula for Sustainability in a Warming World?

Many national and international environmental agreements acknowledge that the impoverishment of ecosystems is limiting the world’s capacity to adapt to climate change and that ecosystem-based adaptati...

by | On 05 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

Should Countries Be More Like Shopping Malls? A Proposal for Service Performance Guarantees

Many developing countries have made progress in political openness and economic management but still struggle to attract private sector investments, at least outside of narrow, resource-based enclaves...

by Alan Gelb | On 01 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

Learning and Behavioral Spillovers of Nutritional Information

This paper provides evidence for informational spillovers within urban slums in Chandigarh, India. I identify three groups, a treatment group, a neighboring spillover group, and a nonadjacent pure con...

by | On 30 Aug 2016

How does Supply Chain Distortion affect Food Inflation in India?

During the recent episode of persistently high food inflation in India, the role of rent seeking activities of food suppliers emerged as the centre of debate in the country. The rent seeking activitie...

by Rudrani Bhattacharya | On 29 Aug 2016

India’s Economic Growth and Market Potential: Benchmarked Against China

This paper addresses some aspects related to these two important research questions, and thus builds on the base of knowledge. The paper is organized as follows. First, we discuss the economic growth...

by | On 24 Aug 2016

Chronic and Transient Poverty: Measurement and Estimation, with Evidence from China

The paper contributes to the measurement of poverty and vulnerability in three ways. First, we propose a new approach to separating poverty into chronic and transient components. Second, we provide co...

by | On 23 Aug 2016

Combating Haze: Holding One’s Breath A Year On

Indonesia’s efforts to combat forest fires have thus far shown some signs of progress. Doubts over Indonesia’s commitment and the effectiveness of its measures however seem to remain.

by | On 19 Aug 2016

On What States do Prices Depend? Answers from Ecuador

This paper argues that differences in the cost structure across sectors play an important role in the decision of firms to adjust their prices. It develops a menu-cost model of pricing in which retail...

by Craig Benedict | On 18 Aug 2016

Optimal Domestic (And External) Sovereign Default

Infrequent but turbulent episodes of outright sovereign default on domestic creditors are considered a “forgotten history” in Macroeconomics. This paper proposes a heterogeneous-agents model in which...

by Pablo D'Erasmo | On 17 Aug 2016

Vital Stats: Parliament during Monsoon Session 2016

The Monsoon Session of Parliament concluded on August 12, 2016. The session had 20 sittings, during which various Bills were passed, including a Constitutional Amendment Bill enabling the levy of a G...

by Kusum Malik | On 16 Aug 2016

Infrequent but Long-Lived Zero-Bound Episodes and the Optimal Rate of Inflation

Countries rarely hit the zero-lower bound on interest rates, but when they do, these episodes tend to be very long-lived. These two features are difficult to jointly incorporate into macroeconomic mod...

by Marc Carreras | On 16 Aug 2016

The Clinical and Public Health Challenges of Diabetes Prevention: A Search for Sustainable Solutions

The economic cost of dealing with the consequences of diabetes is not only a threat to health systems but is a far broader economic and social problem and thus a threat to future long-term sustainable...

by Nicholas J Wareham | On 16 Aug 2016

Productivity of Agricultural Credit in India: Assessing the Recent Role of Institutional Credit to Agriculture in India using State Level Data

the study has been able to highlight the increasing role that agriculture credit is playing in supporting agriculture production in recent times- credit accounted for 16% of the total value of paid...

by Sudha Narayanan | On 10 Aug 2016

Signing away Sovereignty: How Investment Agreements Threaten Regulation of the Mining Industry in the Philippines

In the last decade, the resource-rich Philippines has bet heavily on the mining industry as a development strategy, an approach that has come under growing scrutiny. With 47 large-scale mines in oper...

by Cecilia Olivet | On 10 Aug 2016

China and Socialist Countries: Role Change and Role Continuity

This paper analyses changes in China’s relations with socialist countries. It uses Chinese academic publications to add an inside-out perspective to the interpretation of Chinese foreign policy and ou...

by | On 05 Aug 2016

Benefits of Coastal Shipping: Scope for Sea Change in Domestic Freight Transportation in India

The share of coastal shipping in the modal mix of domestic freight transportation in India is currently very low despite it being more costeffective, fuel-efficient and environment-friendly compared...

by Lavanya Ravikanth Anneboina | On 03 Aug 2016

Policy and Evidence

There has to be evidence in the policy dialogue. Some may believe that all it takes to convince the body politic of the necessity to choose one policy over another is to present the evidence, complete...

by Raghuram G. Rajan | On 03 Aug 2016

Tobacco Regulation and Cost-Benefit Analysis: How Should we Value Foregone Consumer Surplus?

This paper outlines the history of the FDA’s recent attempts to regulate cigarettes and other tobacco products and how they have valued foregone consumer surplus in cost-benefit analyses. It discusses...

by Helen Levy | On 03 Aug 2016

Heterogeneity and Unemployment Dynamics

This paper develops new estimates of flows into and out of unemployment that allow for unobserved heterogeneity across workers as well as direct effects of unemployment duration on unemployment-exit p...

by Hie Ahn | On 26 Jul 2016

Roads to Innovation: Firm-Level Evidence from China

Although both infrastructure and innovation play an important role in fostering a country’s economic growth, discussion in the literature about how the two are connected is limited. This paper examine...

by Xu Wang | On 25 Jul 2016

Examination of Affordable Housing Policies in India

This paper criticizes the Government of India's programmes for affordable housing in India, namely the Rajiv Awas Yojana and Housing for All 2022. It analyses the efficacy of these policies in being a...

by Anindo Sarkar | On 18 Jul 2016

Cost Channel, Interest Rate Pass-Through and Optimal Monetary Policy under Zero Lower Bound

This paper analyzes the optimal discretionary monetary policy under Zero Lower Bound (ZLB) for varying degree of interest rate pass-through. This paper finds that (i) exit date from ZLB becomes endoge...

by Siddhartha Chattopadhyay | On 13 Jul 2016

Oil Price, Exchange Rate and the Indian Macro Economy

The paper investigates the dynamic relationship between movements in oil prices and exchange rates with macroeconomic variables like price, output, interest rate and money by using structural vector a...

by Taniya Ghosh | On 12 Jul 2016

Economic Dynamics and Technology Diffusion in Indian Power Sector

There is a growing concern among policy makers about how electricity is generated and consumed in the context of energy security and global climate change. In such a scenario, renewable energy sources...

by B. Sudhakara Reddy | On 11 Jul 2016

Energy Security for India: Petroleum Demand Estimations and Projections

Crude oil and other petroleum products play an important role in India’s energy security and in sustaining its high growth rate. Against that background, this document empirically analyses petroleum d...

by Pradeep Agrawal | On 07 Jul 2016

State-Focused Roadmap to India’s “Vision 2030”

By 2030, India will be amongst the youngest nations in the world with nearly 150 million people in the college-going age group. By 2030, the already existing challenges for Indian higher education – a...

by | 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

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

Farm Women Friendly Hand Book

This Handbook contains special provisions and package of assistance which women farmers can claim under various on-going Missions/ Submissions/ Schemes of DAC & FW, Ministry of Agriculture & Farmer...

by Ministry of Agriculture GOI | On 29 Jun 2016

Impact of Ownership Structure on Agency Cost of Debt in India

The paper attempts to answer the question namely the management-principal or the principal-principal is given more significance by the debt holders in the Indian context. It also examines the relation...

by Sakina Kachwala | On 29 Jun 2016

Best Practices in Regulation of Private Education

Current paper aims to understand how the governments in different parts of the world have leveraged upon the private sector to achieve specific educational goals. The idea here is not to recommend o...

by Centre for Civil Society CCS | On 29 Jun 2016

Capabilities and Skills

This paper discusses the relevance of recent research on the economics of human development to the work of the Human Development and Capability Association. The recent economics of human development b...

by James J. Heckman | On 28 Jun 2016

Choosing a Partner for Social Exchange: Charitable Giving as a Signal of Trustworthiness

People benefit from being perceived as trustworthy. Examples include sellers trying to attract buyers, or candidates in elections trying to attract voters. In a laboratory experiment using exchange ga...

by Sebastian Fehrler | On 24 Jun 2016

Job Creation in a Multi-Sector Labor Market Model for Developing Economies

This paper proposes an overlapping generations multi-sector model of the labor market for developing countries with three heterogeneities – heterogeneity within self-employment, heterogeneity in abili...

by Arnab K. Basu | On 22 Jun 2016

Poverty, Markets and Elementary Education in India

Over the last decade, trans-national and local advocacy networks have been projecting the low-cost unregulated schools market in India as a cost-efficient, high-quality and equitable solution for educ...

by | On 22 Jun 2016

Meta-Analysis for Online Retail Performance

The meta-analysis, by combining and synthesizing research of past two decades, attempts to identify key constructs that explain the details of online retail performance in a more coherent manner. The...

by Dheeraj Sharma | On 22 Jun 2016

The Fight against Inflation: A Measure of our Institutional Development

There are efforts to control inflation. A new governor and the committee should try to bring low inflation future for India which has got many benefits.

by Raghuram G. Rajan | On 21 Jun 2016

A Joined-Up Approach to Delivering the Global Goals for Sustainable Development

The sustainable management and restoration of our landscapes – achieving land degradation neutrality - will deliver many co-benefits. From biodiversity conservation and combating climate change to ens...

by | On 17 Jun 2016

The Value of Private Schools: Evidence from Pakistan

Using unique data from Pakistan we estimate a model of demand for differentiated products in 112 rural education markets with significant choice among public and private schools. Our model accounts fo...

by | On 09 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

Campaigns, Digital Media and Mobilization in India

Early research in western contexts finds evidence of online participation leading to political engagement. The paper tests this hypothesis in a non-western campaign context, and discusses India’s comp...

by | 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

Honor and Stigma in Mechanisms for Environmental Protection

Honor and stigma play a role in environmental protection. Environmental honors are bestowed on people and firms who go out of their way to do right by the environment. Similarly, environmental stigm...

by Prasenjit Banerjee | On 03 Jun 2016

Comparative Cost-efficacy of Hepatitis-B-Vaccination in Indian Infants

Universal Hepatitis B Vaccination of newborns in India is being launched at the recommendation of Indian Academy of Pediatrics, without estimating in any detail the morbidity and mortality due to sequ...

by Anant Phadke | On 26 May 2016

Conservation of Biodiversity: Opportunities and Challenges

This essay includes a review of major strategies for preservation of earth’s biodiversity including the biodiversity “hotspots,” “Wildlands Project,” and the “consensus” strategy. The essay includes a...

by | On 25 May 2016

Degradation and Loss of Peri-Urban Ecosystems

Rapid degradation of peri-urban ecosystems is resulting in a loss of associated ecosystem services. Water provision, storm- and waste-water regulation, along with protection from natural disasters and...

by Rockeffeller Foundation RF | 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

Occupational Health and Safety and the Poorest

The decline of jobs with secure and lasting contracts and work-related social benefits as well as the corresponding rise in precarious and unprotected work are phenomena affecting both industrialized...

by Anna Marriot | On 18 May 2016

Where All the Water Has Gone? An Analysis of Unreliable Water Supply in Bangalore City

The demand for urban water supply service is increasing rapidly as globalisation accelerates economic development and brings improvements in living standards in India with the interactive effects of...

by | On 12 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

Agricultural Outlook and Situation Analysis Reports: Rabi Outlook Report January 2016

Accordingly, the agricultural outlook and situation analysis undertaken in this study refers to the main crop based food items: cereals (specifically rice, wheat, jowar, bajra, maize and overall coars...

by Rajesh Chadha | On 09 May 2016

Monetary Transmission in Developing Countries: Evidence from India

This paper examines what the empirical evidence has to say about the strength of monetary transmission in India, using the structural vector autoregression (SVAR) methods that have been applied broadl...

by | On 02 May 2016

Financial Stability: Underlining Context

The paper argues that context is important in discussions of financial stability. It explores weaknesses in domestic and international reforms and ways of overcoming them, based on mitigating the fund...

by Ashima Goyal | On 02 May 2016

India's Energy Transition - Pathways for Low-Carbon Economy

The transition to a low carbon economy heralds an economic and social transformation that is exciting as well as challenging. The challenges that face India include: enhancing economic opportunities a...

by | On 02 May 2016

Limits to Arbitrage: The Case of Single Stock Futures and Spot Prices

Market frictions limit arbitrage, but these frictions affect different stocks differently. Using intraday data on a liquid single stock futures and spot market, we examine the arbitrage efficiency of...

by Nidhi Aggarwal | On 02 May 2016

Social and Economic Impact Analysis of Vadinar Refinery of Essar Oil: The Case of a Mega Refinery

The paper is a case study of Vadinar refinery in Gujarat. It examines the costs and benefits associated with one of the world's mega refinery projects highlighting the welfare impacts on society. The...

by Sumana Chaudhuri | On 02 May 2016

Impact of Trilemma Indicators on Macroeconomic Policy: Does Central Bank Independence Matter?

This paper shows that the institutional changes such as Inflation Targeting (IT) helps lower inflation without depending upon the level of Central Bank Independence (CBI) in a country as is suggested...

by | On 02 May 2016

Reserve Currencies: Can Multiplicity Work?

The paper analyzes the potential rise of new reserve currencies in the context of the economic and political determinants of an international currency. Two models analyze the role of soft political p...

by | On 02 May 2016

Reducing Child Marriage in India: A Model to Scale Up Results, New Delhi, 2016

This paper presents a model for contextual strategizing and scaling up of interventions to accelerate the pace of reduction of child marriage, with particular reference to India, and within India with...

by Jyotsna Jha | On 18 Apr 2016

Taxes: Price of Civilization or Tribute to Leviathan?

The report considers the question of taxes as price versus tribute for contemporary India and makes three points. First, if the accounting cost of services provided exceeds the economic cost (the min...

by | On 15 Apr 2016

Does Greater Autonomy among Women Provide the Key to Better Child Nutrition?

The paper examine the link between a mother’s autonomy – the freedom and ability to think, express, act and make decisions independently – and the nutritional status of her children. There is a desig...

by Wiji Arulampalam | On 08 Apr 2016

Pregnancy, Prescriptions and Protocol

India’s public health system is in crisis, and has to grapple with multiple challenges. Moreover there have been competing perspectives regarding the medicalisation of birth and the experience of preg...

by Surabhi Sharma | On 04 Apr 2016

Rules of the Monetary Game

Aggressive monetary policy actions by one country can lead to significant adverse cross-border spillovers on others, especially as countries contend with the zero lower bound. If countries do not inte...

by Prachi Mishra | On 31 Mar 2016

The Economic Impact of Child Labour

The paper contains a theoretical discussion and a literature survey on the economic impact of child labour. Three main categories of economic impact of child labour are analysed: 1) the effects of chi...

by Rossana Galli | On 21 Mar 2016

Impact of JNNURM and UIDSSMT/ IHSDP Programmes on Infrastructure and Governance Outcomes in Cities/ Towns in India

The paper is based on a review of the available official data and the existing literature on the Missions. It is divided into three broad sections. The first analyzes data available from the official...

by Lalitha Kamath | On 21 Mar 2016

Rural-Urban Linkages and Socio-Economic Development: A Case Study Of Two Villages In Gujarat

Rural-urban linkages are both a cause and a consequence of socio-economic development. Though there is a vast volume of literature on this subject, there are quite a few gaps in our knowledge about th...

by RS Pundir | On 20 Mar 2016

Aid for Trade in Asia and the Pacific - Thinking Forward About Trade Costs and the Digital Economy

Aid for Trade (AfT) flows have increased each year since 2006 in the region. And while regional aggregate trade costs continue to fall, many subregions continue to struggle with trade costs that are s...

by Asian Development Bank Institute | 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

Maldives Overcoming the Challenges of a Small Island State Country Diagnostic Study

This report identifies four critical constraints to inclusive growth in the Maldives: (1) inadequate and poor quality maritime infrastructure that constrains connectivity, limits provision of basic go...

by Asian Development Bank Institute | On 17 Mar 2016

Does Environmental Kuznet’s Curve Exist For Indoor Air Pollution? Evidence From Indian Household Level Data

Existence of Environmental Kuznet’s Curve (EKC) is an empirical issue to analyze as evidence from the literature has been mixed. This study focuses on indoor air pollution generated from the use of fu...

by K.S. Kavi Kumar | On 16 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

Trade and Wage Inequality: A Specific Factor Model with Intermediate Goods

In this paper we have made an attempt to explain the observed rising inequality between unskilled and skilled wages, or, fall in relative wages of unskilled labour within a general equilibrium framewo...

by Alokesh Barua | On 16 Mar 2016

Optimizing Public Expenditure Allocations between Secondary and Higher Education

With a view to define a balance in the allocation of public expenditure across secondary education and higher education, this paper compares, the relative contributions of public expenditures on secon...

by Vijay P. Ojha | On 16 Mar 2016

The Enigma of the ‘Indian Model’ of Development

The paper is an attempt to unveil the enigma of the ‘Indian model’ of development. After discussing the evolution of India’s development policies over the last six decades, the paper attempts to unfol...

by Amit S. Ray | On 16 Mar 2016

Imperfect Certification under Cournot Duopoly

Environmental quality is often a credence good and consumers are unable to distinguish between green and brown products. The paper aims to investigate the role of certification in providing informatio...

by Charu Grover | On 15 Mar 2016

Asia SME Finance Monitor 2014

Asia has been continuously growing, and this growth has alleviated poverty and increased the number of middle income countries in the region. However, the recent regional and global economic slowdown...

by Asian Development Bank Institute | On 15 Mar 2016

Economic Analysis of Climate - Proofing Investment Projects

Recent years have witnessed a large number of studies and reports aimed generally at providing estimates of the economic costs of climate change and of the economic costs of adaptation to climate chan...

by Asian Development Bank Institute | On 15 Mar 2016

Global Spillovers and Monetary Policy Transmission in India

Do global spillovers clog transmission channels of monetary policy through domestic financial markets? Drawing on stylised facts and using a dynamic factor model to develop an indicator of global spil...

by Michael Debabrata Patra | On 14 Mar 2016

Global Health Donors Viewed as Regulators of Monopolistic Service Providers: Lessons from Regulatory Literature

Controlling healthcare costs while promoting maximum health impact in the recipient countries is one the biggest challenges for global health donors. This paper views global health donors as the regul...

by Han Ye | On 14 Mar 2016

Reducing Child Marriage in India : A Model to Scale Up Results

This report is the result of efforts to develop strategies to accelerate the decline of child marriage in India. It breaks new conceptual ground and applies a broad social policy and governance framew...

by Debanita Chatterjee | On 14 Mar 2016

India in the Global Economy

The global economy is finding it hard to restore pre-Great Recession growth rates – every report of the IMF seemingly downgrades its previous growth forecasts. Why has the recovery been so slow? When ...

by Raghuram G. Rajan | On 14 Mar 2016

Shifting Preferences at the Fed: Evidence from Rolling Dynamic Multipliers and Impulse Response Analysis

The existing empirical literature on Taylor-type interest rate rules has failed to achieve a robust consensus. Indeed, the relatively common finding that the Taylor principle does not hold has fueled...

by Matthew Greenwood Nimmo | 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

Can the Learnability Criterion Ensure Determinacy in New Keynesian Models?

Forward-looking RE models such as the popular New Keynesian (NK) model do not provide a unique prediction about how the model economy behaves. We need some mechanism that ensures determinacy. McCallum...

by Patrick Minford | On 13 Mar 2016

A Note on Excess Money Growth and Inflation Dynamics: Evidence from Threshold Regression

We test the effect of excess money growth on inflation using Threshold Regression technique developed by Hansen (2000). The empirical test is conducted using annual data from India for the period from...

by Saumitra N Bhaduri | On 13 Mar 2016

North Korea: Nukes, Nationalism & Negotiations

As South Korea this month takes up the rotating presidency of the United Nations Security Council, concerns over North Korea’s nuclear program grow. Pyongyang’s recent rocket tests, its anticipated th...

by Sangsoo Lee | On 12 Mar 2016

Can Univariate Time Series Models of Inflation Help Discriminate Between Alternative Sources of Inflation Persistence

When it comes to measuring inflation persistence, a common practice in empirical research is to estimate univariate autoregressive moving average (ARMA) time series models and measure persistence as t...

by Naveen Srinivasan | 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

Female Headed Households And Poverty: Analysis Using Household Level Data

The relationship between gender and poverty is a complex and debatable topic more than ever and thus a potential area for policy makers to focus. The aim of this paper is to review existing literature...

by Sukanya Das | On 10 Mar 2016

Inflation and the Dispersion of Component Price Indices: A Case for Four Percent Solution

Unlike earlier literature that documented positive association between inflation and the dispersion of relative prices over time, the empirical evidence from this study suggests that the relative pric...

by Sartaj Rather | On 10 Mar 2016

Creative Diplomacy and North Korea

This policy brief looks at how North Korea has figured as an issue on the sidelines of the recent APEC Summit in Beijing in the context of developments such as Pyongyang’s release of two American pris...

by | On 10 Mar 2016

Does Corporate Governance Matter in Determinants and Use of Cash: Evidence from India

Our study investigates the determinants and use of cash holdings by Indian companies. Using a large sample of manufacturing firms that are publicly traded on Bombay Stock exchange for the period of 19...

by Ekta Selarka | 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

Tariff Reduction and Functional Income Distribution in Pakistan: A CGE Model

The specific question to be explored in this study is: whether or not trade liberalisation (tariff reduction) policies improve income distribution and reduce poverty in Pakistan?

by Rizwana Siddiqui | 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

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

Spatial Differences and Socio-economic Determinants of Health Poverty

This study has three objectives: first, to construct a health poverty index (HPI) for Pakistan using household data from Pakistan Social and Living Standards Measurement (PSLM) survey 2012-13; second,...

by Nasir Iqbal | On 10 Mar 2016

Designing Contracts for the Global Fund: Lessons from the Theory of Incentives

This paper uses contract theory to suggest simple contract designs that could be used by the Global Fund. Using a basic model of procurement, we lay out five alternative options and consider when each...

by Liam Wren-Lewis | On 10 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

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

Information Frictions and Adverse Selection: Policy Interventions in Health Insurance Markets

This paper develops and implements a general framework to study insurance market equilibrium and evaluate policy interventions in the presence of choice frictions. Friction-reducing policies can incre...

by Benjamin R. Handel | On 09 Mar 2016

Stagnation Traps

The provide a Keynesian growth theory in which pessimistic expectations can lead to very persistent, or even permanent, slumps characterized by unemployment and weak growth. We refer to these episodes...

by Gianluca Benigno | On 09 Mar 2016

Models of Affective Decision-making: How do Feelings Predict Choice?

Intuitively, how we feel about potential outcomes will determine our decisions. Indeed, one of the most influential theories in psychology, Prospect Theory, implicitly assumes that feelings govern cho...

by Caroline J. Charpentier | 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

Bringing Power Back In: A Review of the Literature on the Role of Business in Welfare State Politics

What is the impact of business interest groups on the formulation of public social policies? This paper reviews the literature in political science, history, and sociology on this question. It identif...

by | On 08 Mar 2016

The International AIDS Conference 2010

The International AIDS Conference 2010 was held in Vienna, Austria from 18 to 23 July to gather those working in the field of HIV such as policymakers, scientists and researchers, those living with HI...

by S. Rajaratnam International Studies | On 04 Mar 2016

Human Factors Determine Extreme Weather Impact

The beginning of 2011 was marked by a series of rain-related disasters in various parts of the globe. Australia experienced one of the most severe (and most probably the costliest) wave of floods in i...

by S. Rajaratnam International Studies | On 03 Mar 2016

Where and How Are Roads Endangering Mammals in Southeast Asia’s Forests?

Habitat destruction and overhunting are two major drivers of mammal population declines and extinctions in tropical forests. The construction of roads can be a catalyst for these two threats. In South...

by Gopalasamy Reuben Clements | On 03 Mar 2016

Impact of China Slowdown on India

After three decades of double-digit growth, China is slowing as it is rebalancing its economy from export-driven to less-volatile domestic consumption driven economy. The paper looks at the impact of...

by Geetima Das Krishna | On 02 Mar 2016

Decentralization and Local Service Provision : What Do We Know?

What do we know about the results of decentralized service delivery? Verifying outcomes and results of decentralized policies is a very challenging exercise, given the large number of stakeholders inv...

by Ehtisham Ahmad | 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

Climate Change and The Agriculture Crisis as a Solution Agroecology

India's policy on agriculture in the context of climate change, is foregrounded by the need to produce enough grain to meet the food requirements of the country. To promote sustainable agriculture, po...

by | On 29 Feb 2016

Impact of the ASEAN Economic Community on ASEAN Production Networks

Empirical evidence suggests that the emergence of international production networks in East Asia results from market-driven forces such as vertical specialization and higher production costs in the ho...

by Kornkarun Cheewatrakoolpong | On 29 Feb 2016

Joining Pre-existing International Production Networks: Implications for India’s Economic Integration to East Asia

This study provides a conceptual framework to explain what kinds of difficulties a late-follower will suffer from when it tries to join pre-existing International Production Networks (IPNs). We consid...

by Jeongmeen Suh | On 29 Feb 2016

International Price Dispersion and Market Segmentation in Japan and the United States: Theory and Empirics

This paper focuses on the pricing behavior of Japanese and United States firms selling their identical products in New York City, Chicago, Osaka, and Tokyo. The authors utilize some simple models of i...

by K.C. Fung | On 29 Feb 2016

Low Carbon Lifestyles

The toolkit contains a list of practical climate friendly initiatives that can be adopted by individuals, educational institutions, and workplaces with detailed calculations of annual CO 2 emissions r...

by Ministry of Environment, Forests and Climate Chang GOI | On 29 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

What is Title Guarantee Worth in Land Markets? Evidence from Bengaluru, India

Land reforms require urgent attention in emerging market economies, and there is a vast body of literature that deals with the economic impact land reforms, especially land titling (Acemoglu et al., 2...

by Madalasa Venkataraman | 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

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

The OIC’s Journey to Enlightenment

Reflecting on the speeches made at the 34th meeting of the Foreign Ministers of the Organisation of Islamic Conference (OIC) held in Islamabad recently, one could suggest that nothing new was mentione...

by Sofiah Jamil | On 26 Feb 2016

Climate, Food, and the New North-South Divide

Global efforts to tackle climate change and food security are hampered by North-South differences over cost sharing. But rising interdependence and the South’s new pragmatism and bargaining power are...

by | On 26 Feb 2016

Farmers’ Suicides in India, 1995-2012: Measurement and interpretation

Farmers’ suicides have become an important socio-economic concern in India that has profound implication on the quality of life of farmers and their families. There are not many epidemiological studie...

by Srijit Mishra | 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

Indirect Inference for Dynamic Panel Models

It is well-known that maximum likelihood (ML) estimation of the autoregressive parameter of a dynamic panel data model with Öxed e§ects is inconsistent under Öxed time series sample size (T) and large...

by Christian Gourieroux | On 25 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

A Note on Defining the Dependent Population Based on Age

Dependent population is defined as that part of the population that does not work and relies on others for the goods and services they consume. In practice, specific population age groups have in thei...

by Rachel Racelis | 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

Recent Trends in China’s Trade

Who would have thought thirty years ago China could become one of the world’s most influential trading nations? At that time the Chinese government was reluctant to open up its door for foreigners and...

by Alice Wang | On 24 Feb 2016

Regional Cooperation towards Multilateral Arrangements on Agriculture, Labour, and Environment in the Context of Globalisation: The Case of Indonesia

This study looks at Indonesia’s commitments to multilateral trade agreements, and assesses policies adopted by the government to meet the criteria set by those agreements. Particularly, three sectors...

by Titik Anas | 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

Global Analysis of an Expectations Augmented Evolutionary Dynamics

We consider a deterministic evolutionary model where players form expectations about future play. Players are not fully rational and have expectations that change over time in response to current payo...

by Massimiliano Landi | 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

Report on “Dealing with Energy Vulnerabilities: Case Studies of Cooperation and Collaboration in East Asia”

Much literature on East Asia’s energy security has focused on the dynamics of competition over resources and how potential conflicts could arise from this. While this analytical perspective identifies...

by S. Rajaratnam International Studies | On 23 Feb 2016

Beyond Petroleum: Limits of Risk Management

The cost of the BP oil leak in the Gulf of Mexico has now surpassed the US$3bn mark. That may prove to be a drop in the ocean compared to what will come if governments, businesses and civil-society gr...

by | On 23 Feb 2016

Industrial Growth And Environmental Industrial Growth And Environmental Industrial Growth And Environmental Degradation: Degradation: Degradation: A Case Study Of Tiruppur Textile Cluster A Case Study Of Tiruppur Textile Cluster A Case Study Of Tiruppur Textile Cluster

The rapid economic growth achieved after globalization by most of the developing countries, has imposed considerable social costs and has become a major threat to sustainable development. However it i...

by Prakash Nelliyat | On 23 Feb 2016

Civil Society from the BRICS: Emerging Roles in the New International Development Landscape

There is a burgeoning literature on the (re)emergence of the BRICS countries – Brazil, Russia, India, China and South Africa – as significant actors in international development. To date, however, mos...

by Adele Poskitt | 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

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

Asymmetry In Government Bond Returns

Is there asymmetry in the distribution of government bond returns in developed countries? Can asymmetries be predicted using financial and macroeconomic variables? To answer the first question, we pro...

by Ippei Fuijwara | On 21 Feb 2016

A Dynamic Stochastic General Equilibrium Model for India

Over the last decade, the Dynamic Stochastic General Equilibrium (DSGE) framework has become a workhorse for macroeconomic analysis in both academic and policy circles. Following this emerging trend,...

by Parantap Basu | 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

How Much Could South Asia Benefit from Regional Electricity Cooperation and Trade?

The South Asia region is lagging behind many regions in the world in regional electricity cooperation and trading, despite the huge anticipated benefits. This study uses an electricity planning model...

by Govinda Timilsina | On 21 Feb 2016

Asian Monetary Integration: A Japanese Perspective

This paper discusses Japan’s strategy for Asian monetary integration. It argues that Japan faces three major policy challenges when promoting intraregional exchange rate stability. First, there must b...

by Masahiro Kawai | On 21 Feb 2016

How Does a Decrease in Oil Production Affect the World Economy?

The world's oil consumption has been increasing for more than a century with a few exceptions. This paper examines the impact of the decrease in oil production on major economies using a computable ge...

by Naohiko Yahaba | On 21 Feb 2016

Climate Change and Migration in Southeast Asia: Responding to a New Security Challenge

Migration and displacement are among the range of pressures on people and their communities likely to arise from the economic, social and environmental consequences of climate change. Despite fragment...

by Lorraine Elliot | On 20 Feb 2016

Role of Experts in Policy Advice: Lessons of Experience

The policymaking in modern states is highly complex and requires a high degree of expertise and knowledge, which was not the case even 10, let alone 25 years ago. Partly in view of limited capacity in...

by Nurul Islam | On 20 Feb 2016

Rio+20 Incorporated? Assessing Diplomatic Outcomes and Private Sector Actions on Sustainable Development

The May 2012 NTS Alert entitled ‘Back to the future: Is Rio+20 a 1992 redux or is there cause for optimism?’ explored the prospects for the June 2012 UN Conference on Sustainable Development (Rio+20),...

by | 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

Overseas WMotives and Giving Norms Behind Remittances: The Case of Filipinoorkers and their Recipient Households

The literature has focused on motives to explain remittance behavior. But as non-anonymous transfers, remittances are apt to be influenced by giving norms as well. We formula...

by Michael Alba | On 19 Feb 2016

Discourse on Kashmir: From Territoriality to ‘Enlightened Sovereignty’

The author calls for renewed focus on the idea of ‘soft borders’ between India and Pakistan, with particular reference to Jammu and Kashmir, in the light of a theory of ‘enlightened sovereignty’ that...

by | On 19 Feb 2016

China’s Sovereign Investment Funds In International Perspective: The Exceptionalism Of Cic And Safe

China is the only country in the world with two sovereign investment vehicles dedicated to managing excess foreign reserves for return, not just safety and liquidity. As the investment profile and beh...

by Angela Cummine | 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

Technical Report: Observations and Reanalyses Data: Comparison and Trends in Southeast Asia

Reanalyses data sets, being temporally and spatially complete and available on six hourly timescales, are extremely convenient to use. Real observations represent the climate system with greater fidel...

by Richard Washington | On 18 Feb 2016

Perfect Competition

In his 1987 entry on ‘Perfect Competition’ in The New Palgrave, the author reviewed the question of the perfectness of perfect competition, and gave four alternative formalisations rooted in the so-ca...

by M. Ali Khan | On 17 Feb 2016

Parental Influences on Health and Longevity: Lessons from a Large Sample of Adoptees

To what extent is the length of our lives determined by pre-birth factors? And to what extent is it affected by parental resources during our upbringing that can be influenced by public policy? We stu...

by Mikael Lindahl | On 17 Feb 2016

ASEAN’s Haze Shroud: Grave Threat to Human Security

Transboundary haze pollution is posing significant multiple risks to the well-being and security of people in ASEAN. Beyond looking at it as an environmental issue, it is a severe threat to human secu...

by | On 16 Feb 2016

A New Series – Indonesia’s Haze and Disaster Governance Deficit

The current Southeast Asian haze problem is not a function of the lack of commitment on the part of President Jokowi’s government. The ineffectiveness of forest fire prevention and response lies deepe...

by | 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

Effectiveness of the Easing of Monetary Policy in the Japanese Economy, Incorporating Energy Prices

Japan has reached the limits of conventional macroeconomic policy. In order to overcome deflation and achieve sustainable economic growth, the Bank of Japan (BOJ) recently set an inflation target of 2...

by Naoyuki Yoshino | On 16 Feb 2016

Myanmar: The Key Link between South Asia and Southeast Asia

This paper examines the road and railway links in Myanmar connecting northeast India on the one side with the rest of Southeast Asia on the other. It also discusses the importance of new deep-sea port...

by Hector Florento | On 16 Feb 2016

The Taylor Rule and the Macroeconomic Performance in Pakistan

A widely agreed proposition in modern economics is that policy rules have greater advantage over discretion in improving economic performance. Simple monetary policy instrument rules are feasible opti...

by Wasim Shahid Malik | On 15 Feb 2016

Monetary Policy Objectives in Pakistan: An Empirical Investigation

The Taylor rule (1993) focuses only on two objectives: output and inflation. In practice, the central bank’s loss function (especially in developing countries) contains objectives other than these two...

by Wasim Shahid Malik | On 15 Feb 2016

Dynamic Effects of Agriculture Trade in the Context of Domestic and Global Liberalisation: A CGE Analysis for Pakistan

This paper studies dynamic effects of agriculture trade in the context of domestic and global liberalisation. Being the largest sector of the economy, the agriculture sector contributes substantially...

by Rizwana Siddiqui | On 15 Feb 2016

Towards a Measure of Core Inflation in Bangladesh: Conceptual Issues

Identifying core inflation has become a very important issue for the Central Banks of the world for last few years. It has also become a practice to monitor the core inflation along side the headline...

by Md. Shahiduzzaman | 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

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

Income, Public Social Services, and Capability Development: A Cross-district Analysis of Pakistan

Is household income enough for human development or should government direct resources towards the provision of social services to improve capabilities of individuals? The former is emphasised by the...

by Rizwana Siddiqui | On 14 Feb 2016

The Political Games in the Taliban Negotiations

That the Taliban has agreed to negotiations is not surprising. It has much to gain from participating in negotiations – yet almost no incentives to agree to any sort of a deal before 2015. Nor should...

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

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

Utilization of Maternal Health Care Services in India: Understanding the Regional Differences

There is great regional variation on utilization of maternal health care services across India. While regional differences have long been established, why women in some states are more likely to utili...

by Sonalde Desai | On 12 Feb 2016

Collaborating for Healthy Living: From Bottlenecks to Solutions

To help lay the groundwork for successful multistakeholder collaborations for healthy living, the World Economic Forum, in collaboration with Bain & Company, has produced the insights brief “Collabora...

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

Daughters, Dowries, Deliveries: The Effect of Marital Payments on Fertility Choices in India

This paper investigates the effect of the differential pecuniary costs of sons and daughters on fertility decisions. The focus is on dowries in India, which increase the economic returns to sons and d...

by Marco Alfano | On 11 Feb 2016

How Soon Is Now? Evidence of Present Bias from Convex Time Budget Experiments

Empirically observed intertemporal choices about money have long been thought to exhibit present bias, i.e. higher short-term compared to long-term discount rates. Recently, this view has been called...

by Uttara Balakrishnan | On 07 Feb 2016

Higher Education Expansion and Labor Market Outcomes for Young College Graduates

We examine the causal impact of China's higher education expansion on labor market outcomes for young college graduates using China's 2005 1% Population Sample Survey. Exploiting variation in the expa...

by Dongshu Ou | On 07 Feb 2016

Leader Networks and Transaction Costs: A Chinese Experiment in Interjurisdictional Contracting

Do leader networks promote efficient intergovernmental contracts? We examine a groundbreaking policy in China where subprovincial governments freely traded land conversion quotas and investigate the r...

by Nancy H. Chau | On 07 Feb 2016

Temporary and Permanent Migrant Selection: Theory and Evidence of Ability-Search Cost Dynamics

The migrant selection literature concentrates primarily on spatial patterns. This paper illustrates the implications of migration duration for patterns of selection by integrating two workhorses of th...

by Joyce Chen | 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

Looking Beyond 2015: A Role For Governance

The year 2015 signals the end date for development commitments that global leaders first made at the United Nations (UN) in 2000: the Millennium Development Goals (MDGs). As the world looks beyond 201...

by Transparency International TI | On 06 Feb 2016

A Modi Index?

One way to do a reality check on the official numbers will be to develop a desi version of what came to be called the Li index in China.

by T.N. Ninan | On 06 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

Impact of Financial Liberalisation and Deregulation on Banking Sector in Pakistan

The study analyses market perception about the performance of Pakistani commercial banks due to financial liberalisation and deregulation measures taken by the central bank over the last two decades....

by Kalbe Abbas | On 06 Feb 2016

Price Setting Behaviour of Pakistani Firms: Evidence from Four Industrial Cities of Punjab

Since the introduction of rational expectations in the literature, most of the research focus in the area of macroeconomics has been investigating micro foundations of macroeconomic theory and transmi...

by Wasim Shahid Malik | On 06 Feb 2016

A Dynamic Macroeconometric Model of Pakistan’s Economy

In this study, an attempt has been made of develop a dynamic macroeconometric model of Pakistan’s economy to examine the behaviour of major macroeconomic variables such as output, consumption, investm...

by Muhammad Arshad Khan | 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

An Empirical Investigation of the Relationship between Food Insecurity, Landlessness, and Violent Conflict in Pakistan

This study is an attempt to examine empirically the association between socio-economic measures of deprivation—such as food insecurity, landlessness, unemployment, and human under-development—and the...

by Sadia Mariam Malik | 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

Global Innovation Networks and their Implications for the Multilateral Trading System

This think piece examines the emergence of global innovations networks and their implications for multilateral trade rules. After pointing out, that the WTO agreements were reached with little direct...

by | On 05 Feb 2016

The Inter-linkages between Democracy and Per Capita GDP Growth: A Cross Country Analysis

The empirical growth literature gives no clear indication as to how democracy impacts growth; there is evidence of both positive and negative effects and also of no direct link in democracy and growth...

by Madeeha Gohar Qureshi | On 03 Feb 2016

Rent Seeking Opportunities and Economic Growth in Transitional Economies

This study empirically explores the growth effects of rent seeking activity (RSA) for a group of 52 developing/transitional countries, using a dynamic panel data approach. The modelling framework is a...

by Nasir Iqbal | 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

What Determines Payment Methods and Deal Amount in Corporate Merger and Acquisitions in Pakistan

The present study examines the determinants of payment mode choice and deal amounts in financial and nonfinancial sectors mergers and acquisitions (M&A) in Pakistan, undertaken during period 2005–2012...

by Yasmeen Akhtar | On 03 Feb 2016

Market Imperfections and Dividend Policy Decisions ofManufacturing Sector of Pakistan

Dividend policy is an important issue of corporate finance and the present study examines the effect of market imperfections such as asymmetric information, agency costs and transaction cost of issuin...

by Darakhshan Younis | On 03 Feb 2016

Remittances and Economic Growth: The Role of Financial Development

Remittances and financial developments have been an important and overgrowing source in accelerating the growth process of many transitional economies. The economies that have enough source of remitta...

by Unbreen Qayyum | On 03 Feb 2016

Liquidity Benefits from Underpricing: Evidence from Initial Public Offerings Listed at Karachi Stock Exchange

This study explains the underpricing phenomenon through the relationship of underpricing (initial returns), ownership structure and aftermarket liquidity empirically by using cross-sectional data of 5...

by Malik Muhammad Shehr Yar | On 03 Feb 2016

Choice of Monetary Policy Instrument under Targeting Regimes in a Simple Stochastic Macro Model

This paper analyzes the relative performance of inflation and price-level targeting regimes in an AS-IS-LM framework under alternative policy instruments used by the central bank.

by Haider Ali | On 03 Feb 2016

Dynamic Relationship and Volatility Spillover between the Stock Market and the Foreign Exchange Market in Pakistan: Evidence from VAR-EGARCH Modelling

The paper examines the dynamic relationship and volatility spillovers between the stock market and the foreign exchange market in Pakistan using weekly data from 02 July, 1997 to 04 July 2012. Johanse...

by Abdul Qayyum | On 03 Feb 2016

Does Inside Ownership Matters in Financial Decisions and Firm Performance: Evidence from Manufacturing Sector of Pakistan

This study provides the evidence on the effect of managerial ownership on the firm’s performance and financial policies (debt and dividend) for 140 listed manufacturing firms of Pakistan.

by Haris Arshad | On 03 Feb 2016

Analysing the Price Cost Markup and Its Behaviour over the Business Cycles in Case of Manufacturing Industries of Pakistan

The issue of imperfect competition in economic theory has been repeatedly discussed given its importance in the distribution of economic resources. In this study, market power measured by price over...

by Salman Ahmad | On 03 Feb 2016

Evaluation of Gold Investment as an Inflationary Hedge in Case of Pakistan

The present study aims at empirically testing the status of gold as a potential hedge against inflation. The study whirls around analysing the nature of the relationship of expected and actual inflati...

by Nadeem Ul Haque | On 02 Feb 2016

Re-reading the Myth of Fayyadism: A Critical Analysis of the Palestinian Authority’s Reform and State-building Agenda, 2008-2011

ayyadism is a term coined by New York Times columnist Tom Friedman that has gained widespread usage in the media and the quasi-academic literature emanating from various high-profile English-language...

by | On 02 Feb 2016

The “Arab Spring” in the Kingdoms

The revolutions that have rocked the presidential republics of North Africa and the Middle East since early-2011 have garnered intense scholarly and journalistic interest and, in a short time, spawned...

by | On 02 Feb 2016

Climate Justice: Sharing the Burden

It is now beyond scientific doubt that the emissions of greenhouse gases need to be reduced significantly to prevent dangerous interference in the climate system and avoid dramatic consequences of glo...

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

Is Sustainable Recovery Possible for Haiti?

In Haiti, one of the poorest countries in the world, the earthquake of 7.0 on the Richter scale in early January 2010 had devastating effects. The Government estimates that more than 200,000 people (o...

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

Improving Transparency in Public Procurement in Bangladesh: Interplay between PPA and RTI Act

This advisory note, while accepting the existing limitations of the transparency regime in public procurement process of the country, argues that the Right to Information (RTI) Act has the potential t...

by . BRAC | On 30 Jan 2016

International Food Safety Standards and India's Food Exports An Analysis Based on Gravity Model Using Three-Dimensional Data

The paper tries to understand precisely how the food safety regulations applied by the industrialized countries have an effect on India’s export of processed food to these markets. It also examines th...

by Rajesh Mehta | 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

The Day-of-the-Week Anomaly in Market Returns, Volume and Volatility in SAARC Countries

This study investigates extent of market efficiency and presence of day of week effect in stock market indices and volume and volatility in four major SAARC countries, namely Pakistan, Bangladesh, Ind...

by Sumra Abbas | On 30 Jan 2016

Ecosystem-based Approaches to Adaptation Evidence from two sites in Bangladesh

The ARCAB programme has a well-developed theory of change (ARCAB 2012). This encompasses broader issues relating to the scaling up and out of CBA that are central to ARCAB as a whole and its goal of a...

by Sarder Alam | On 29 Jan 2016

Tracing Qatar’s Foreign Policy and its Impact on Regional Security

Drawing strongly upon recent International Relations literature on the foreign affairs of small states, this paper elaborates several arguments on the trajectory of Qatar’s foreign policy: (1) An “act...

by | On 29 Jan 2016

Glacier Systems and Seasonal Snow Cover in Six Major Asian River Basins: Water Storage Properties under Changing Climate

The publications in this series cover a wide range of subjects—from computer modeling to experience with water user associations—and vary in content from directly applicable research to more basic stu...

by Vladimir Smakhtin | On 28 Jan 2016

Economic Returns to Education: What We Know, What We Don’t Know, and Where We Are Going – Some Brief Pointers

The estimation of the economic return to education has perhaps been one of the predominant areas of analysis in applied economics for over 50 years. In this short note we consider some of the recent d...

by Colm Harmon | On 28 Jan 2016

The Parameters of a National Minimum Hourly Wage

Both academic and political debates over the minimum wage generally focus on the minimum wage rate. However, the minimum wage is a complex institution composed of a wide variety of parameters. In t...

by Vinish Kathuria | On 28 Jan 2016

Economic Growth, Labour Markets and Gender in Japan

The purpose of this paper is not to look at the Japanese growth model, which has been well researched, but to look at women’s employment in the economic development of Japan. The questions that the pa...

by Uma Rani | On 28 Jan 2016

Economic Rationale, Subsidy and Cost Sharing for Watershed Projects: Imperatives for Institutions and Market Development

This paper seeks to examine the experiences with respect to subsidies and cost-sharing in the light of the various watershed programmes supported by the state as well as donor agencies and other non-g...

by Amita Shah | On 28 Jan 2016

Decentralisation Trajectories with Multiple Institutions: The Case of PIM Programme in India

One of the offshoots of the planned economic development model in India has been the increasing emphasis on effective local governance. With newer models of implementing programmes, incremental steps...

by R Parthasarathy | On 28 Jan 2016

Linking Conservation with Livelihood: Lessons from Management of Gir-Protected Area in Western India

The paper talks about linking-up of regeneration efforts within and outside the Protected Area (PA) by treating them as an integrated ecological system may help better management and also protection o...

by Amita Shah | On 28 Jan 2016

Can Mandated Political Representation Increase Policy Influence for Disadvantaged Minorities? Theory and Evidence from India

A basic premise of representative democracy is that all those subject to policy should have a voice in its making. However, policies enacted by electorally accountable governments often fail to refle...

by Rohini Pande | On 28 Jan 2016

Health, Inequality and Economic Development

This article explores the connection between income inequality and health in both, poor and rich countries. Mechanisms like non-linear income effects, credit restrictions, nutritional traps, public go...

by | 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

Migration, Health and Dignity in South Asia: Lessons from the EMPHASIS Project on Migration, Women’s Empowerment and HIV in Bangladesh, India and Nepal

The EMPHASIS project (Enhancing Mobile Populations’ Access to HIV and AIDS Services, Information and Support) has provided a diverse range of services to crossborder migrants in India, Nepal and Bang...

by Prabodh Devkota | On 27 Jan 2016

Unravelling Commitment? An Empirical Assessment of Political Commitment to Reduce Hunger and Undernutrition in Five High Burden Countries

In recent years, the global hunger and nutrition community has increasingly come to view political commitment as an essential ingredient for pushing food and nutrition security higher up public policy...

by | On 26 Jan 2016

Intellectual Property Rights Protection and Export Diversification: the Application of Utility Model Laws

We examine in this paper the impact of the tightening of IPRs, notably patents rights, and the adoption of utility model laws on export diversification. To perform our analysis, we used panel data cov...

by Kimm Gnangnon | On 26 Jan 2016

Trade Policy Uncertainty as Barrier to Trade

This paper studies the effects of trade policy uncertainty on the extensive and the intensive margins of trade for a sample of 149 exporters at the HS6 digit level. We measure trade policy uncertainty...

by Nadia Rocha | On 26 Jan 2016

Tbt Provisions In Regional Trade Agreements: To What Extent Do They Go Beyond The WTO TBT Agreement?

This paper investigates whether TBT provisions included in RTAs differ from those under the WTO TBT Agreement, and, if they do, whether they entail broader commitments. Our analysis covers 238 RTAs, o...

by Vira Khoroshavina | On 26 Jan 2016

Covered or not Covered: That is The Question - Services Classification and Its Implications for Specific Commitments under the GATS

This paper attempts to make contribution by providing an overview of services classification and highlighting its relevance to both trade negotiations and WTO dispute settlement. It consists of four s...

by Ruosi Zhang | On 26 Jan 2016

India in the Emerging World Order: A status quo power or a revisionist force?

This chapter sets out to trace the changing contours of India’s foreign policy by throwing light on: (i) the historical and sociological compulsions shaping India’s strategic trends and the evolution...

by | On 25 Jan 2016

Gender Justice And Social Norms – Processes Of Change For Adolescent Girls

This note proposes an analytical framework for the current phase of the Overseas Development Institute (ODI) programme of research on discriminatory social norms affecting adolescent girls. The curren...

by Caroline Harper | On 24 Jan 2016

Nexus among Output, Inflation and Private Sector Credit in Bangladesh

This study examines the relationship if any among economic growth (output), private sector credit and inflation in Bangladesh. In many developed and developing countries, private sector credit has pla...

by Sayera Younus | On 23 Jan 2016

Near-Term Inflation Outlook and BB’s Policy Stance

This paper uses three alternative forecasting techniques, namely, Box-Jenkins’s Autoregressive Integrated Moving Average (ARIMA) model, unrestricted Vector Autoregression (UVAR) model and Hsiao’s Fina...

by Md. Habibur Rahman | On 23 Jan 2016

Public Debt Sustainability in Bangladesh

This policy note reviews the trend in debt composition and sources of debt financing and analyzes debt sustainability of Bangladesh. Along with historical data on level of debt and sources of financin...

by Md. Ezazul Islam | On 23 Jan 2016

Inflation Accounting Across Income Groups: Does Inflation Hurt the Poor More in Bangladesh?

This note provides estimates of the contribution of food prices to inflation in Bangladesh. The results suggest that the current inflation takes a bigger toll on the poor because they spend more of th...

by M. Golam Mortaza | 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

The SLR as a Monetary Policy Instrument in Bangladesh

The statutory liquidity requirement (SLR), as a monetary policy instrument, has experienced infrequent changes in Bangladesh. Past evidence shows that reduction in SLR produced positive impact on bank...

by Sayera Younus | 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

Trend and Characteristics of Recent Inflation in Bangladesh

In the backdrop of recent global developments, this note examines some of the characteristics of inflation in Bangladesh including the contribution of major commodity groups to overall inflation in ru...

by Bangladesh Bank | On 23 Jan 2016

Monetary Policy Stance and Recent Movements in Monetary Aggregates: Policy Implications

This note examines recent movements in net domestic asset (NDA) and net foreign asset (NFA) of BB vis-à-vis the proposed monetary program for FY09 and brings out possible policy implications and manag...

by Bangladesh Bank | On 23 Jan 2016

Creating Alliances for Renewable Energy Investment: Lessons from China and India

Alliances’ of public and private actors can play a crucial role in accelerating the transition to sustainable energy systems, and these groupings can be ‘engineered’. Based on research findings from I...

by Institute of Development Studies IDS | On 23 Jan 2016

Five Fingers or One Hand? The BRICS in Development Cooperation

The BRICS countries (Brazil, Russia, India, China, and South Africa) are increasingly prominent in development cooperation activities in low-income countries in Africa and worldwide, presenting a pote...

by Institute of Development Studies IDS | On 23 Jan 2016

Understanding The Rising Powers' Contribution to the Sustainable Development Goals

Rising powers such as Brazil, India and China have been criticised for being obstructive in the negotiations on the post-2015 development agenda. The start of the United Nations (UN) negotiations saw...

by Institute of Development Studies IDS | On 23 Jan 2016

Import Penetration And Price-Cost Margins In Indian Manufacturing Industries

An econometric analysis of the impact of import liberalization on price-cost margins in Indian industries in the post-reform period is carried out using firm-level data for eight manufacturing industr...

by Bishwanath Goldar | On 22 Jan 2016

Accelerating Reductions in Undernutrition: What can nutrition governance tell us?

In order to accelerate progress on undernutrition reduction we need to understand how the governance of nutrition programmes leads to successful outcomes. Based on evidence from six countries: Banglad...

by Institute of Development Studies IDS | On 21 Jan 2016

Quantifying the International Bilateral Movements of Migrants

This paper presents five versions of an international bilateral migration stock database for 226 by 226 countries. The first four versions each consist of two matrices, the first containing migrants d...

by | On 20 Jan 2016

How Does Poverty Affect Migration Choice? A Review of Literature

The aim of this literature review is to examine the links between poverty and migration. Specifically, the paper investigates poverty and vulnerability as determinants of migration. Until recent years...

by | On 20 Jan 2016

Stunting among Children Facts and Implications

Indian children are very short, on average, compared with children living in other countries. Because height reflects early life health and net nutrition, and because good early life health also helps...

by Alessandro Tarozzi | On 20 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

Identifying Predictors of Childhood Anaemia in North-East India

The objective of this study is to examine the factors that influence the occurrence of childhood anaemia in North-East India by exploring dataset of the Reproductive and Child Health-II Survey (RCH-II...

by S Dey | On 20 Jan 2016

Zinc Status in South Asian Populations—An Update

This article attempts to highlight the prevalence of zinc deficiency and its health and economic consequences in South Asian developing countries and to shed light on possible approaches to combating...

by S Akhtar | On 20 Jan 2016

Virtue and Vulnerability: Discourses on Women, Gender and Climate Change

In the limited literature on gender and climate change, two themes predominate – women as vulnerable or virtuous in relation to the environment. Two viewpoints become obvious: women in the South will...

by Seema Arora-Jonsson | 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

Complaining to the State: Grievance Redress and India’s Social Welfare Programs

Poor implementation of social welfare programs is a chronic challenge in developing countries such as India. Yet, despite the large number of people affected and the serious consequences of implementa...

by Nicholas Robinson | On 18 Jan 2016

Does Clientelism Work? A Test Of Guessability In India

Research on clientelism broadly assumes that local political agents, or brokers, possess fine-grained information on voters’ political preferences, and often can directly or indirectly monitor their v...

by Mark Schneider | On 18 Jan 2016

Whose Side Are You On? Identifying The Distributive Preferences of Local Politicians in India

The literature on decentralized public programs suggests that errors in the targeting of anti-poverty programs are rooted in the capture of these programs by local elites or local politicians. Consist...

by Mark Schneider | On 18 Jan 2016

Implementation of Basel III Liquidity Risk Framework in India – Regulatory Perspective

The liquidity framework of Basel III assumes added significance for banks in India and many banks have been approaching us to comprehend the finer points of the liquidity regulations, as also with req...

by Reserve Bank of India RBI | On 18 Jan 2016

Are Girls the Fairer Sex in India? Revisiting Intra-Household Allocation of Education Expenditure

This paper revisits the issue of the intra-household allocation of education expenditure with the recently available India Human Development Survey which refers to 2005 and covers both urban and rural...

by | On 15 Jan 2016

Public Infrastructure as a Determinant of Intertemporal and Interregional Productive Performance in China

This paper focuses on the question whether public infrastructure capital matters for labor productivity in China, both over time and across regions. It finds that public infrastructure is a significan...

by | On 15 Jan 2016

Closing The Gender Gap In Climate-Smart Agriculture

In this brief review of recent approaches relevant to climate smart agriculture (CSA) programs, the researcher presents ideas on why emerging CSA policies and plans lack the attention to gender that w...

by Sonja Vermeulen | On 14 Jan 2016

Reason, Empathy, and Fair Play: The Climate Policy Gap

To achieve the greatest possible human welfare, the Stockholm Environment Institute’s Climate and Regional Economics of Development (CRED) model calls for rapid reduction of greenhouse gas emissions t...

by | On 11 Jan 2016

Recipients and Contributors: Middle income countries and the future of development cooperation

The new role that middle-income countries (MICs) play in the global landscape obliges international community to review the configuration of the development cooperation system. On the one hand, MICs s...

by | On 11 Jan 2016

Recent Downturn in Emerging Economies and Macroeconomic Implications for Sustainable Development: A Case of India

The paper discusses the progress of Indian economy and its policies since the broadbased structural reforms initiated in 1991 with a special focus on the recent downturn following the global financial...

by | On 11 Jan 2016

Will Inequality Lead China to the Middle Income Trap?

China has departed from the East Asian model of development by letting inequality to rise to a high level, which is contributing to China’s current problems of macroeconomic imbalance, declining effic...

by | On 11 Jan 2016

Operational Guidelines of Pradhan Mantri Krishi Sinchayee Yojana

The vision of Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) will be to ensure access to some means of protective irrigation to all agricultural farms in the country, to produce ‘per drop more crop’,...

by Ministry of Agriculture GOI | On 11 Jan 2016

Sharing of Social Sectors Experiences in IBSA: Assessment of Initiatives and Way Forward

The paper analyses the select Communiqués and Declarations pertaining to social sectors issued from time to time. In this context, it evaluates the status and performance of social development in each...

by | 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

Competitive Diplomacy of India and China

India and China, viewing themselves as key players within the BRICS which they see in a worldwide perspective, had in fact made two different global commitments on the eve of this Brisbane G20 summit....

by P S Suryanarayana | On 09 Jan 2016

The Indian Bond Market

This paper tries to explain the main characteristics of the Indian government and corporate bond markets and what has contributed to the poor development of the latter. It goes on to show that an oppo...

by Chandrani Sarma | On 09 Jan 2016

Navigating a Changing World Economy: ASEAN, the People's Republic of China, and India

Most projections envision continued rapid growth in the members of the Association of Southeast Asian Nations (ASEAN), the People’s Republic of China (PRC), and India (collectively, ACI) over the next...

by Fan Zhai | On 07 Jan 2016

Banking Crises and 'Japanization': Origins and Implications

Japan’s “two lost decades” perhaps represent an extreme example of a weak recovery from a financial crisis, and are now referred to as “Japanization.” More recently, widespread stagnation in advanced...

by Masahiro Kawai | On 07 Jan 2016

Modern Currency Wars: The United States Versus Japan

In 2013, through massive quantitative easing by the Bank of Japan (BOJ), the yen depreciated about 25% against the US dollar, stoking fears of Japan bashing by the US. However, this sharp depreciation...

by Ronald McKinnon | On 07 Jan 2016

Better Hospitals, Better Health Systems: The Urgency of a Hospital Agenda

This paper outlines the nature of the issues surrounding hospitals in emerging markets and makes the case for early action to bridge the abyss of neglected hospital investments and the path needed to...

by | On 06 Jan 2016

Japan’s Lost Decade: Lessons for Other Economies

Japan has suffered from sluggish economic growth and recession since the 1990s, a phenomenon dubbed “Japan’s Lost Decade.” The People’s Republic of China, many countries in the eurozone, and the Unite...

by Naoyuki Yoshino | On 06 Jan 2016

Stories of Change in Nutrition: A Tool Pool

This paper—which draws on inputs to, and discussions at, a methods development workshop—highlights the various concepts, methods, and tools that SoC researchers are considering to measure nutrition-re...

by | On 04 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

Empowering Women in Agriculture: Closing the Gender Gap through Mahila Kisan Sashaktikaran Pariyojana

The policy paper reviews selected case studies of Mahila Kisan Sashaktikaran Pariyojana, a sub-component of the National Rural Livelihood Mission. The paper provides key learnings to the practitioners...

by United Nations Development Programme (UNDP) | On 01 Jan 2016

Foreign Trade Pattern of Nepal: Gravity Model Approach

This study examines the overall trade pattern of Nepal by using pooled ordinary least square (OLS) along with theone-year lag gross domestic product (GDP). It has also attempted to find the structural...

by | On 01 Jan 2016

Indo-Nepal Trade Relation: The Phenomenon of Black Hole Effect

In the field of international trade, an economy is assumed to be reeling under the 'BLACK HOLE EFFECT' of another economy, if all the major variables of international trade, irrespective of in which c...

by | On 01 Jan 2016

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

Illegal Immigration and the Shadow Economy

We build a general equilibrium model in which both illegal immigration and the size of the informal sector are endogenously determined. In this framework, we show that indirect policy measures such as...

by Carmen Camacho | On 29 Dec 2015

International Trade and Determinants of Price Differentials of Insulin Medicine

Empirical studies on pharmaceuticals pricing across countries have found evidence that prices vary according to per capita income. These studies are typically based on survey data from a subset of cou...

by Toshiaki Aizawa | On 29 Dec 2015

The Impact of Infrastructure on Trade and Economic Growth in Selected Economies in Asia

Infrastructure plays a key role in facilitating trade, especially since recent trade liberalization in Asia has resulted in significant tariff reductions. This study quantifies the impacts of both har...

by Jamilah Mahyideen | 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

The Effects of Financial Globalization on Global Imbalances, Employment and Inequality

This paper reviews the empirical evidence for the macroeconomic effects of financial globalization and discusses why several of the expected benefits have failed to materialize, in terms of both long-...

by | On 29 Dec 2015

Can Selective Immigration Policies Reduce Migrants' Quality?

Destination countries can adopt selective immigration policies to improve migrants' quality. Screening potential migrants on the basis of observable characteristics also influences their self-selectio...

by Simone Bertoli | On 29 Dec 2015

Southeast Asia and the Economics of Global Climate Stabilization

Southeast Asia is vulnerable to climate change, yet is also on a carbon intensive development trajectory.The Asian Development Bank (ADB) has analyzed the potential role the region can play in climate...

by Jindra Samson | 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

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

Gender on the Move: Working on the Migration-Development Nexus from a Gender Perspective

Around the world, a record number of women are now migrating to seek work and better lives. For many, migration yields these benefits; for others, it carries dangerous risks, such as exploitation in d...

by | On 28 Dec 2015

Evaluation on the Contribution of UN Women to Prevent Violence against Women and Expand Access to Services

During 2012-2013, the UN Women Independent Evaluation Office undertook a corporate thematic evaluation of the UN Women contribution to preventing violence against women (VAW) and expanding access to r...

by UN Women | On 28 Dec 2015

Labour Cost and Export Behaviour of Firms in Indian Textile and Clothing Industry

The implementation of the Agreement on Textile and Clothing (ATC) of the World Trade Organization (WTO) renders both threats and opportunities to India’s Textile and Clothing (T&C) industry in the wak...

by Vinoj Abraham | On 26 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

Macroeconomic Effects of Oil Price Fluctuations on Emerging and Developed Economies in a Model Incorporating Monetary Variables

The goal of this paper is to examine the impact of crude oil price movements on two macro variables, the gross domestic product (GDP) growth rate and the consumer price index (CPI) inflation rate, in...

by Naoyuki Yoshino | On 23 Dec 2015

Muslim exclusion in India: A review of the literature

It’s been 7 years since Sachar Committee published its reports, highlighting the deep and extensive deprivations Muslims in India face on the range of counts. It has been as many years since the Centr...

by Sajjad Hassan | On 23 Dec 2015

Estimating Growth-Inflation Tradeoff Threshold in Bangladesh

The objective of this study is to explore the inflation-economic growth linkage, if any, in Bangladesh. With this view, various tables and charts, correlation matrices, pair-wise Granger Causality tes...

by Sayera Younus | On 22 Dec 2015

Lending Rates Behavior in Bangladesh: Some Facts and Determinants

The intention of this study is to analyze lending rate behavior in Bangladesh and also to determine the factors that mostly affect the lending rates. For this purpose, a set of macro and bank specific...

by Shahana Nasrin | 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

The Iran-Pakistan-India Pipeline - The Intersection of Energy Politics

This paper seeks to identify the strategic and economic variables involved in India’s decision about whether or not to pursue a proposed natural gas pipeline from Iran. There is a lot of misinformatio...

by | On 22 Dec 2015

The Right of Citizens for Time Bound Delivery of Goods and Services and Redressal of their Grievances Bill, 2011: Origin, Need, and Analysis

Tabled by V. Narayanasamy, Minister of State for Personnel, Public Grievances and Pensions, in Lok Sabha in December 2011, The Right of Citizens for Time Bound Delivery of Goods and Services and Redre...

by Amit Chandra | On 21 Dec 2015

Basic Entrepreneurship: A Big New Idea in Development

The question of what keeps people mired in poverty is one of great importance to policy-makers and economists alike. The world’s poor typically lack both capital and skills, and each of these two fact...

by Oriana Bandiera | On 18 Dec 2015

Access to and Financing of Healthcare through Health Insurance Intervention in India

Health insurance is expected to promote equity in access to health, financial protection, reduce escalating healthcare cost, enhance provider networks and enable country to make an optimal use of limi...

by Shailender Hooda | On 18 Dec 2015

Can Improved Cooking Stoves Work? The Nepal Chulo Experience

What motivates rural households to switch from older cooking methods to newer, more improved, ones? Improved cooking stoves (ICS) technology has demonstrated capacity to reduce health hazards from smo...

by Dipika Gawande | On 18 Dec 2015

Meta-Study of Literature on Budget Private Schools in India

Budget Private Schools (BPS) are privately-run schools that charge very low fees, operating among the poorer sections of the society and have become relevant to the education discourse of India. This...

by Centre for Civil Society CCS | On 18 Dec 2015

Agriculture and Nutrition in Bangladesh: Mapping Evidence to Pathways

This paper assesses the emphasis of the literature on different agriculture–nutrition pathways in Bangladesh. More research is needed on the links between agriculture and nutrition in country-specific...

by | 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

Nepal: A Failing State or a State in Transition?

The modest intention of this paper is to question the above assertion that Nepal is a failing state. To this end, it shall firstly outline the broad definition of failing states. Secondly, it will off...

by Oliver Housden | On 17 Dec 2015

In a Weak State: Status and Reintegration of Children Associated with Armed forces and Armed Groups (CAAFAG) in Nepal

The Comprehensive Peace Agreement (CPA) signed on 21 November 2006, made an unprecedented commitment to those children who had been involved in Nepal’s decade long civil war. It stipulated that those ...

by | On 17 Dec 2015

Income Inequality and Labour Income Share in G20 Countries: Trends, Impacts and Causes

The paper present concise evidence of recent trends in inequality and labour income shares and to identify possible causes as a basis for developing potential policy responses. This report takes up th...

by Internaional Labour Organization [ILO] | On 17 Dec 2015

Equate and Conflate: Political Commitment to Hunger and Undernutrition Reduction in Five High-Burden Countries

As political commitment is an essential ingredient for elevating food and nutrition security onto policy agendas, commitment metrics have proliferated. Many conflate government commitment to fight hun...

by Rajith Lakshman | On 16 Dec 2015

MQSUN Determinants of Child Undernutrition in Bangladesh Literature Review

The DFID Programme to Accelerate Improved Nutrition for the Extreme Poor in Bangladesh aims to improve nutrition outcomes for children, mothers and adolescent girls by integrating the delivery of a nu...

by Ahmed F. | On 16 Dec 2015

A Room of Our Own?

For decades, the creative process in Goa has been stymied by the lack of a market, of production facilities, of free speech (for a significant part of the 20th century), and even a shortage of role mo...

by | On 15 Dec 2015

An Analysis of the Turmoil in the Stock Market: Issues and Challenges for Monetary Policy

The objective of this study is to examine the characteristics of the stock market bubble burst in Bangladesh and policy response for the sample period from 2004:7-2013:2. This paper also discusses the...

by Dr. Sayera Younus | On 15 Dec 2015

SkyShares: Modelling the Distributive and Economic Implications of a Future Global Emissions Budget

The SkyShares model helps policy-makers explore a range of diffe ent policy scenarios. It enables users to relate a target limit for temperature change to a global emissions ceiling; to allocate this...

by Owen Barder | On 11 Dec 2015

Climate-Smart Agriculture: Smallholder Adoption and Implications for Climate Change Adaptation and Mitigation

There are a wide range of agriculture-based practices and technologies that have the potential to increase food production and the adaptive capacity of the food production system, as well as reduce em...

by | On 09 Dec 2015

Comparing Emissions Mitigation Efforts across Countries

A framework for comparing mitigation effort is drawn, drawing from a set of principles for designing and implementing informative metrics. A template for organizing metrics on mitigation effort is pr...

by William Pizer | On 09 Dec 2015

Climate Change: Impact on Agriculture and Costs of Adaptation

This Food Policy Report presents research results that quantify the climate-change impacts, assesses the consequences for food security, and estimates the investments that would offset the negative co...

by International Food Policy Research Institute | On 07 Dec 2015

The Sun Gets Bigger

The government should encourage the use of solar energy.

by T.N. Ninan | On 04 Dec 2015

Follow-up and Review of the SDGs: Fulfilling our Commitments

This paper considers the challenge of establishing a robust follow-up and review mechanism to support such implementation. The paper underscores the importance of the follow-up and review process taki...

by | On 04 Dec 2015

The Future of Forests: Emissions from Tropical Deforestation With and Without a Carbon Price, 2016-2050

The future of tropical deforestation is projected from 2016-2050 with and without carbon pricing policies, based on 18 million observations of historical forest loss spanning 101 tropical countries.

by Jonah Busch | On 04 Dec 2015

International Migration, Trade and Aid: A Survey

This paper surveys the voluminous literature on migration affecting trade and the somewhat less developed literature linking aid flows to migration. It aims to guide the reader through the two literat...

by | On 27 Nov 2015

How Much is Enough?

Post-7th Pay Commission recommendations, the pay being offered now should not be a disincentive for public-spirited people with ability. Can the government afford this hike?

by T.N. Ninan | On 21 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

Eradicating Extreme Poverty in Bangladesh: National Strategies and Activities

Although Bangladesh has achieved fairly steady economic growth, as of 2011, almost half of its population still lived in extreme poverty. As a result, the Government of Bangladesh and its development...

by Nayma Qayum | On 09 Nov 2015

Skyrocketing Prices of Pulses and the Agrarian Crisis: Impact of Neo-liberal Policies

This interview with Vijoo Krishnan, Joint Secretary All India Kisan Sabha, on the agrarian crises leading to farmer suicides and rising prices of food grains traces backs the agrarian crises to the ne...

by Vijoo Krishnan | On 02 Nov 2015

Costs of Providing Sustainable Water, Sanitation and Hygiene Services in Rural and Peri-Urban India

Water, sanitation and hygiene services are central to addressing poverty, livelihoods and health. They are also critical in addressing the needs of poor communities and in achieving the Millennium Dev...

by M.V. Ramachandrudu | On 29 Oct 2015

Meta - Study of Literature on Budget Private Schools in India

Despite lack of infrastructure and facilities, studies over the past decade has shown that learning outcomes in these schools are equal to or better than those of far more resourcefu...

by Centre for Civil Society CCS | On 29 Oct 2015

Evaluating the Targeting Effectiveness of Social Transfers: A Literature Review

Many methodologies exist for dividing a population into those who are classified as eligible for social transfers and those who are ineligible. Popular targeting mechanisms include means testing, prox...

by | On 29 Oct 2015

Development Central Banking: A Review of Issues and Experiences

The paper argues that central banks should play a broader role in helping developing countries meet their key challenges, such as generating productive employment, helping to allocate investment to pr...

by | On 28 Oct 2015

An Exploratory Analysis of Deprivation and Ill-Health led Poverty in Urban India: A Case Study of Delhi

This paper examines the multi-dimensional nature of urban poverty with special emphasis on ill-health led deprivation. As a driver of poverty, ill-health reduces the income earning potential and incre...

by Samik Chowdhury | On 20 Oct 2015

The Influence of Industry Financial Composition on the Exports from Pakistan

the influence of the industry financial composition on the export flow between Pakistan and its trading partners is determined. The importing countries are split according to their OECD membership st...

by Aadil Nakhoda | 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

The Economic Cost of Out-of-School Children in Southeast Asia

This publication is the result of UNESCO Bangkok’s project in cooperation with Educate A Child (EAC) which seeks to eradicate obstacles, both in policy and practice, that would prevent children in Sou...

by Save Children | On 15 Oct 2015

Utilization of ICDS Services and their Impact on Child Health Outcomes Evidence from Three East Indian States

The study analyses a rural household’s decision to participate in a public pre-school intervention called the Integrated Child Development Scheme (ICDS), and evaluates its impact on anthropometric out...

by Meenakshi J V | On 15 Oct 2015

Rainbow Revolution in Bihar: Problem and Prospect

Green revolution has made the country self-sufficient in food grain production, mainly rice and wheat. We now need to usher in a rainbow revolution which encompasses not only agriculture but the allie...

by R K P Singh | On 13 Oct 2015

Dividend Policy and Role of Corporate Governance in Manufacturing Sector of Pakistan

This study examines the relationship between internal mechanisms and external mechanisms of corporate governance and dividend policy for 100 manufacturing firms listed on Karachi Stock Exchange over...

by | On 08 Oct 2015

Attempting the Production of Public Goods through Microfinance: The Case of Water and Sanitation

This paper evaluates the attempt to create public goods via microfinance loans. Microfinance loans in the production of goods with public goods characteristics signify an emergent micro-privatisation....

by Philip Mader | On 06 Oct 2015

The Hunger and Nutrition Commitment Index (HANCI 2014) - Measuring the Political Commitment to Reduce Hunger and Undernutrition in Developing Countries

This report presents the Hunger And Nutrition Commitment Index (HANCI) 2014. It seeks to: 1. Rank governments on their political commitment to tackling hunger and undernutrition; 2. Measure what gover...

by | On 01 Oct 2015

Impact of Climate Change on Yield of Major Food Crops in Tamil Nadu, India

This study uses panel data for 39 years and 13 districts to estimate the yield sensitivity of major food crops to climate change in the South Indian state of Tamil Nadu. It first estimated the margina...

by V. Saravanakumar | On 25 Sep 2015

Demand for Piped Drinking Water and a formal Sewer System in Bhutan

In this study, it is estimate the demand for sewage connections and piped drinking water in Bhutan. To estimate household willingness to pay for these services, the data is used from a sample of 18,76...

by | On 24 Sep 2015

The Role of English in Culture Preservation in Bhutan

This study explores issues surrounding the preservation and promotion of culture in the context of the secondary school English curriculum in Bhutan. The languages of Bhutan carry a rich and diverse t...

by | On 21 Sep 2015

The Percolation of Public Expenditure: Food Subsidies and the Poor in India and Philippines

This paper measures the percolation of food subsidy expenditures to the poor. The paper proposes a metric that takes into account the depth and width of income transfer. The metric is applied to food...

by Shikha Jha | 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

Money and Inflation: Evidence from P-Star Model

This study uses P-star model to examine the role of money in explaining inflation in India. In particular, we compare the performance of traditional Phillips curve approach against P-star model in for...

by Sunil Paul | On 14 Sep 2015

Price Rigidity, Inflation and the Distribution of Relative Price Changes

This study examines whether skewness of the cross sectional distribution of relative price changes is positively associated with aggregate inflation as predicted by the Menu cost model of Ball and Man...

by Sartaj Rather | On 14 Sep 2015

Steel's a Steal

Steel is a basic input for the entire engineering industry (cars, household goods, machinery of all kinds), and for the infrastructure sector (roads, railways, power, real estate, etc). Raise the cost...

by T.N. Ninan | On 12 Sep 2015

The Impact of Conditional Cash Transfers on the Matriculation of Junior High School Students into Rural China’s High Schools

The goal of this study is to examine whether promising a Conditional Cash Transfer (conditional on matriculation) at the start of junior high increases the rate at which disadvantaged students matricu...

by Fan Li | On 09 Sep 2015

Book Review: Translation as Touchstone

Review of Translation as a Touchstone. Raji Narasimhan, Sage Publications, 2013. 167 pp, Rs. 595 ISBN: 978-81-321-0954-9

by Supurna Dasgupta | On 09 Sep 2015

The School Feeding Programme in India

This paper provides a descriptive summary of India’s experience with school feeding programmes (SFPs), focussing mainly on the period since 1995, the year that saw the launch of a national initiative...

by M S Swaminathan Research Foundation India | On 08 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

Interrelation Between Growth and Inequality

The paper highlights the importance of “broad-based growth” as a framework to support economic growth and inclusiveness at the same time. Different countries show different dynamics between economic g...

by Jong Woo Kang | On 07 Sep 2015

Global Recession and Eurozone Debt Crisis: Impact on Exports of China and India

The study tries to evaluate the impact of recent crisis episodes viz. the global recession of 2008-09 and the Eurozone debt crisis of 2010-122 on the Emerging Market Economies (EMEs) of China and Ind...

by Pami Dua | On 03 Sep 2015

Income Inequality, Poverty and Labor Migration in Thailand

This paper explores the dynamics of economic growth, poverty, inequality and migration in Thailand, and evaluates the relevance of Lewis model to Thailand’s long-term development. Thai economy seems t...

by Somchai Jitsuchon | On 03 Sep 2015

Skill Gaps in the Workplace: Measurement, Determinants and Impacts

This paper identifies the key factors determining the correct identification of skill gaps within firms. The impact of skill gaps on average training expenditures and labour costs is also measured. Th...

by Luis Ortiz | On 26 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

Reforming Internet Governance and the Role of China

This paper examines the issue of internet governance and analyzes the developments and challenges in reforming the current system. With state and non-state actors alike seeking to influence the way th...

by | On 25 Aug 2015

Strong Sustainable Growth for the Indian Economy

How is the RBI helping the government to create the conditions for a sustainable growth? Structural reforms will help strengthen this growth – two weeks ago, the Government announced Indradhanush, la...

by Raghuram G. Rajan | On 25 Aug 2015

On Reckoning Level Differentials in the Measurement of Progress: An Illustration in the Context of Deliveries Assisted by Skilled Health Personnel

The paper highlights that performance assessments should account for non-linear dynamics of progress, whereby an improvement at a higher level represents greater achievement than an equal improvement...

by William Joe | On 21 Aug 2015

Demand for Watershed Services: Understanding Local Preferences through a Choice Experiment in the Koshi Basin of Nepal

This study undertakes a choice experiment in order to identify differences in local demand for watershed services in the Koshi basin of Nepal. The paper first examines the possibility of using a non-m...

by Rajesh Kumar Rai | On 20 Aug 2015

Child Work and Schooling in Pakistan— To What Extent Poverty and Other Demographic and Parental Background Matter?

Keeping into consideration the far-reaching social and economic impact of child work both for the children involved and society as a whole, in this study an attempt has been made to disentangle the c...

by Madeeha Gohar Qureshi | On 18 Aug 2015

Book Review: Visions of Dystopia in China's New Historical Novels

Review of Visions of Dystopia in China's New Historical Novels. New York: Columbia University Press, 2014. 304 pp. $50.00 (cloth), ISBN 978-0-231-16768-0.

by Nathaniel Isaacson | On 13 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

Inflation Targeting for India?: The Implications of Limited Asset Market Participation

This paper considers the implications of an imperfect monetary transmission mechanism for optimal monetary policy choices in an open economy. The asset market channel is restricted in this paper as so...

by | On 11 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

Land Marked by Policy Distortions

Of all the markets in which politicians interfere with prices, the land market is probably the last that will be reformed.

by T.N. Ninan | On 08 Aug 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

Inflation Targeting in India: Select Issues

The adoption of inflation targeting in India has been a much debated topic which also becomes a challenge for the emerging economy. Though inflation targeting has already been adopted in many emerging...

by Charan Singh | On 17 Jul 2015

Child Work and Schooling in Pakistan - To What Extent Poverty and Other Demographic and Parental Background Matter?

In this study an attempt has been made to disentangle the child employment and schooling tradeoff with perspective to understand the effect of income deprivation measures and other non-income factors...

by Saman Nazir | On 15 Jul 2015

Inflation Targeting for India? The Implications of Limited Asset Market Participation

This paper considers the implications of an imperfect monetary transmission mechanism for optimal monetary policy choices in an open economy. The asset market channel is restricted in this paper as so...

by | On 09 Jul 2015

State and Economic Development: The Need for a Reappraisal of the Current Literature

This essay tries to bring out some of the complexities that are overlooked in the usual treatment of the state in the institutional economics literature and supplement the latter with a discussion of...

by Pranab Bardhan | On 29 Jun 2015

Trade Liberalisation and Women’s Employment Intensity: Analysis of India’s Manufacturing

In the context of increasing contribution of developing countries in world trade, an important question is whether trade can be used as an instrument to stimulate higher participation of women in the...

by Purna Banerjee | On 25 Jun 2015

Book Review: Tagore and the Feminine: A Journey in Translations

Review of Tagore and the Feminine: A Journey in Translations Malashri Lal (ed). New Delhi: Sage Publications 2015. pp 332. Rs. 995/- ISBN: 978-93-515-0067-4.

by Supurna Dasgupta | On 22 Jun 2015

Inflation Targeting India: Select Issues

The adoption of inflation targeting in India has been a much debated topic which also becomes a challenge for the emerging economy. Though inflation targeting has already been adopted in many emerging...

by Charan Singh | On 18 Jun 2015

Assessing Development Assistance for Mental Health in Developing Countries: 2007–2013

Despite an expanding body of evidence suggesting that sustainable mental health care can be effectively integrated into existing health systems at relatively low cost, mental health has not received s...

by Barnabas J Gilbert | 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

When the Kerala Model of Development is Historicised: A Chronological Perspective

It is proposed in this study that the development experience in Kerala has resulted ultimately in weakening the material basis of public action. On limited evidence it is pointed out that the poor in...

by P.K.Michael Tharakan | On 10 Jun 2015

Impact of Interbank Liquidity on Monetary Transmission Mechanism: A Case Study of Pakistan

The transmission mechanism of policy-induced changes are is analysed in the discount rate and required reserves in Pakistan. The results suggest that the pass through to the lending rate is complete f...

by Muhammed Omar | 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

Report of the Sixty-Seventh World Health Assembly on Financing of Administrative and Management Costs

An external review, commissioned by the Programme, Budget and Administration Committee of the Executive Board, was prepared in May 2013, providing detailed analysis of WHO’s administrative and managem...

by World Health Organisation (WHO) | On 26 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

Assamese Language, Narrative and the Making of the North East Frontier of India: Beyond Regional Indian Literary Studies

This paper is divided into two broad sections. The first section deals with the Brahmaputra Valley in Assam (north east India) and its transformation into a frontier in the nineteenth century. The sec...

by Manjeet Baruah | On 05 May 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

Stability and Transitions in Emerging Market Policy Rules

Conditions for stability in an open economy dynamic stochastic general equilibrium model adapted to a dualistic labor market (SOEME) are the same as for a mature economy. But the introduction of mon...

by Ashima Goyal | On 11 Mar 2015

What Holds Back Manufacturing in South Asia

The recent South Asian (other than that of Bangladesh) experience of a growing merchandise trade deficit and the challenge of job creation have forced attention back on the role of manufacturing. Bang...

by | On 09 Mar 2015

Cost of Providing Sustainable Water, Sanitation and Hygiene Services: An Initial Assessment of LCCA in Andhra Pradesh

Water, sanitation and hygiene (WASH) services levels remain stubbornly low in rural India despite high levels of public expenditure during recent decades. In many areas, this is a result of service le...

by V Ratna Reddy | On 18 Feb 2015

Declining Free Healthcare and Rising Treatment Costs in India: An Analysis of National Sample Surveys, 1986-2004

This paper focuses on the trends in health seeking behaviour of people and the cost of treatment by examining the National Sample Survey data pertaining to three rounds -1986-87, 1995-96 and 2004. Wit...

by Anil Gumber | On 13 Feb 2015

Asymmetric Price Adjustment - Evidence for India

The study tries to examine whether there exists asymmetry in the price adjustment of firms while using the commodity wise whole sale price indices belonging to three different sectors - primary, manuf...

by Sartaj Rather | On 12 Feb 2015

Report of the Working Group on Agricultural Marketing Infrastructure, Secondary Agriculture and Policy Required for Internal and External Trade

The report reviews existing agricultural marketing system. It deals with improving efficiency and reducing transaction cost in Agricultural Marketing by strengthening the physical markets, encouraging...

by Planning Commission | On 11 Feb 2015

Enhancing Water-Use Efficiency of Thermal Power Plants in India: Need for Mandatory Water Audits

In view of the very high share of water consumption in thermal power plants, this policy brief highlights the water-use scenario in this sector and emphasizes the need for third party/mandatory and re...

by R K Batra | On 05 Feb 2015

Water Scarcity & Climate Change: Growing Risks for Businesses & Investors

This report outlines the wide-ranging risks investors and companies face from water scarcity and how global climate change will heighten those risks in many parts of the world. The report makes clear...

by | On 04 Feb 2015

Trade Policy Uncertainty and the WTO

This paper discusses the impact of WTO commitments on changes in MFN applied tariffs, isolating pure trade policy changes from any other change in the level of protection due to market conditions by f...

by Valeria Groppo | On 22 Jan 2015

Annual Day Lecture of the Delhi School of Economics, India

The lecture focuses on the continuing relevance of the founding principles of the School, viz., academic freedom, academic excellence, social commitment with technical competence.

by C.H. Hanumantha Rao | On 21 Jan 2015

Towards A Pareto Efficient Indian Agricultural Market - with Specific Focus on Rice and Wheat Markets

The paper examines the policies of the central as well as state governments with respect to the agricultural market, specifically in rice and wheat markets, analyses their shortcomings and argues for...

by Anandi Subramanian | On 16 Jan 2015

Trade Liberalization, Poverty and Food Security in India

This paper attempts to assess the impact of trade liberalization on growth, poverty, and food security in India with the help of a national level computable general equilibrium (CGE) model. It shows t...

by | 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

The Impact of India's Rural Employment Guarantee on Demand for Agricultural Technology

The Mahatma Gandhi National Rural Employment Guarantee Act (NREGA) is approaching eight years of implementation. Since 2006, it has offered up to 100 days per year of guaranteed public works employm...

by Anil K. Bhargava | On 28 Nov 2014

Women and Labour Markets in Asia: Rebalancing for Gender Equality

The report is a joint undertaking by the ADB and the ILO’s Regional Office for Asia and the Pacific, reflecting the high-level commitment of both organizations to gender equality in the region, as an...

by International Labour Organisation ILO | On 29 Oct 2014

Analytics of Food Inflation in India

Food inflation in India has remained stubborn in recent years. A number of proximate factors such as increasing demand particularly arising from higher rural wages, rising agricultural cost of produ...

by Thangzason Sonna | On 14 Oct 2014

The Cult of Statistical Significance - A Review

A review and extended discussion is presented of The Cult of Statistical Significance: How the Standard Error Costs Us Jobs, Justice and Lives by Deirdre McCloskey and Stephen Ziliak, a work that rai...

by Sripad Motiram | On 29 Sep 2014

Does Parental Education Affect the Impact of Provision of Health Care on Health Status of Children? - Evidence from India

The objective of the study is to analyse the impact of provision of health care facilities on the child health status taking into account the utilization of these available facilities. The study offer...

by Runu Bhatka | On 19 Sep 2014

Economic and Financial Outlook

A picture about the macroeconomy that is, the world economy and the domestic economy is given. The two recent regulatory measures are given here. [FICCI/IBA Annual Banking Conference].

by Raghuram G. Rajan | On 18 Sep 2014

Child Work and Schooling in Pakistan— To What Extent Poverty and Other Demographic and Parental Background Matter?

Keeping into consideration the far-reaching social and economic impact of child work both for the children involved and society as a whole, in this study an attempt has been made to disentangle the ch...

by Madeeha Gohar Qureshi | On 04 Sep 2014

Unemployment Burden and its Distribution: Theory and Evidence from India

To develop a measure of unemployment that takes into account both the level and intensity of unemployment and that satisfies several desirable properties, including distribution sensitivity (dealing w...

by Sripad Motiram | On 25 Aug 2014

Unravelling India’s Inflation Puzzle

From 2003, the Indian economy enjoyed a boom in growth coupled with moderate inflation for five years. The economy grew at a rate close to 9 percent per year, until it was punctured by the global fina...

by Pankaj Kumar | On 19 Aug 2014

Salient Features of Measuring, Interpreting and Addressing Indian Inflation

The paper reviews the calculation of Indian wholesale and consumer price indices and suggests improvements in the light of past experience and international best practices. It confirms that food infla...

by Kirti Gupta | On 22 Jul 2014

Union Budget 2014: Marginal Realignment of Tactics to Strategy

The article examines the restructuring of expenditure in the first budget of the new government, and its feasibility. It compares the increase in budget allocations for key macroeconomic aggregates a...

by Ashima Goyal | On 21 Jul 2014

State of the Economy: Economic Survey Report

In 2014-15, the Indian economy is poised to overcome the sub-5 per cent growth of gross domestic product (GDP) witnessed over the last two years. The growth slowdown in the last two years was broad ba...

by Planning Commission | 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

Book Review - Between Love and Freedom: The Revolutionary in the Hindi Novel

Book Review - Between Love and Freedom: The Revolutionary in the Hindi Novel by Nikhil Govind, Routledge India; February 2014; pp 200; Rs. 432

by Sandeep Dubey | On 26 Jun 2014

Inter-Regional Report on Labour Migration and Social Protection

Since the 1970s in particular, the countries of Western Asia and those of the Asia-Pacific region have been closely linked to each other through highly extensive movements of people. Opportunities cre...

by United Nations Economic and Social Commission (UNESCAP) | On 17 Jun 2014

Price, Markups and Trade Reforms

This paper examines how prices, markups and marginal costs respond to trade liberalization. Multi-product firms are used in the study. [BREAD WP No. 418].

by Jan De Loecker | On 02 Jun 2014

Choice and Success of Job Search Methods

Job seekers can influence the arrival rate of job offers by the choice of search effort and the search methods they use. In this paper we empirically investigate the contribution of the use of differe...

by Andrea Weber | On 23 May 2014

Addressing the Global Food Crisis: Key trade, investment and commodity policies in ensuring sustainable food security and alleviating poverty

The recent global food crisis can be seen as a wake-up call which can be turned into an opportunity by developing countries and the international community to revitalize global agriculture producti...

by United Nations Conference on Trade and Development | On 22 Apr 2014

The Economic Cost of General Strikes in Nepal

This paper reviews the key aspects of general strikes and analyses the economic cost of such strikes in Nepal. Data analysis shows that average direct cost of general strikes stood at NRs. 1.8 billi...

by Min Bahadur Shrestha | On 11 Apr 2014

Psychology, Cyclicality or Social Programs: Rural Wage and Inflation Dynamics in India

The paper analyzes causes of movements in Indian wages for rural unskilled male laborers, and assesses their impact on inflation. Theoretical priors derived from an analytical framework based on the ...

by Ashima Goyal | On 10 Apr 2014

Direct and Indirect use of Fossil Fuels in Farming: Cost of Fuel-price Rise for Indian Agriculture

This paper focusses on the interaction between fossil fuels and farming in India, to capture total intensity of fossils in farming and offer some evidence on inflationary impact of fossil fuel price i...

by Mukesh Kumar Anand | On 13 Mar 2014

Higher Wages, Cost of Separation and Seasonal Migration

In this paper, an attempt is made to study the phenomenon of seasonal migration in India and its determinants by using the recent (2007-08) National Sample Survey (NSS) data. It was found that prese...

by Jajati Keshari Parida | On 11 Mar 2014

The Governance Of Global Value Chains

This article builds a theoretical framework to help explain governance patterns in global value chains. It draws on three streams of literature – transaction costs economics, production networks, and...

by Gary Gereffi | On 10 Mar 2014

Measuring Urbanization around a Regional Capital: The Case of Bhopal District

The starting point of this study is the observation that many villages in India seem to possess urban characteristics. As compared to definitions of urbanization adopted by other countries, the Indi...

by Anima Gupta | On 21 Feb 2014

Banks Competition, Managerial Efficiency and the Interest Rate Pass-through in India.

If banks solve an inter-temporal problem under adverse selection and moral hazard, then bank specific factors, regulatory and supervisory features, market structure, and macroeconomic factors affect ...

by Jugnu Ansari | On 21 Feb 2014

The Potential Effects of Tobacco Control in China: Projections from the China SimSmoke Simulation Model

This paper studies the potential impact of the programme ‘SimSmoke Tobacco Control Policy’ in China. China is home to about one third of the world's smokers and reducing smoking in China could have an...

by David Levy | On 19 Feb 2014

Interim Budget 2014-15

Budget speech by 2014-15.

by P Chidambaram | On 17 Feb 2014

Middle-Income Trap: Economic Myth, Political Reality

While Asia continues to set pace as the world’s fastest growing region, some Asian middle-income countries (MICs) are showing signs of economic slowdown and face stiff competition from lower-cost econ...

by ASIA FOUNDATION | On 10 Feb 2014

'Arranged' Marriage, Education, and Dowry: A Contract-Theoretic Perspective

This paper propounds a contract-theoretic model where dowry acts as a screening device to differentiate grooms of varying qualities. In 'arranged' marriage settings that are characterized by incompl...

by Soumyanetra Munshi | On 31 Jan 2014

How to Evaluate Rural Development Schemes

In 2000-01, almost Rs 10,000 crore was spent on rural development schemes. The central government has almost a dozen major schemes in operation. But how is the success or failure of these schemes to b...

by Arpita Bedekar | On 31 Dec 2013

A Cost-Benefit Analysis of Aadhaar

This study estimates the costs and benefi ts of Aadhaar. The analysis takes into account the costs of developing and main- taining Aadhaar, and of integrating Aadhaar with the schemes over the next t...

by National Institute of Public Finance and Policy NIPFP | On 11 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

Remoteness and Unbalanced Growth: Understanding Divergence Across Indian Districts

The existing literature on Indian growth finds no evidence of convergence across states. This represents a puzzle given the relatively free flows of capital, labor and commodities across state borde...

by Samarjit Das | On 27 Nov 2013

Asymmetric Information and Middleman Margins: An Experiment with West Bengal Potato Farmers

A study middleman margins, trading mechanisms and the role of asymmetric information about prices between potato farmers and local trade intermediaries, in West Bengal, India is conducted. Farmers in...

by Sandip Mitra | On 23 Oct 2013

Human Influence on Climate Change

According to new assessment by the Intergovernmental Panel on Climate Change (IPCC), human influence on the climate is clearly evident. It is extremely likely that human influence has been the domina...

by Intergovernmental Panel on Climate Change IPCC | On 23 Oct 2013

Taming Food Inflation in India

High food inflation, which has averaged 10% during FY 2008-09 to December 2012, has been a major concern for policy makers in India. This is all the more important as an average household in India sti...

by Ashok Gulati | On 21 Oct 2013

Climate Variability and Internal Migration: A Test on Indian Inter-State Migration

Migration data is matched from the Indian census with climate data to test the hypothesis of climate variability as a push factor for internal migration. The main contribution of the analysis is to...

by Ingrid Dallmann | On 06 Sep 2013

Malaysia: Recent Developments in Agricultural Research

Main issues of concern looking to the future include ongoing maintenance of capacity and infrastructure given government funding cuts, and the training and mentoring of junior staff needed to replace...

by Kathleen Flaherty | On 04 Sep 2013

Unilateral Facilitation Does Not Raise International Labor Migration from the Philippines

A large-scale randomized experiment was conducted in the Philippines testing the impact of unilaterally facilitating international labor migration. [BREAD Working Paper No. 396].

by Emily Beam | On 03 Sep 2013

Food Prices, Wages, and Welfare in Rural India

This paper considers the welfare and distributional consequences of higher relative food prices in rural India through the lens of a specific-factors, general equilibrium, trade model applied at the...

by Hanan G Jacoby | On 22 Aug 2013

A Capable State in Afghanistan: A Building Without a Foundation?

This paper argues that attempts at state-building in Afghanistan have led to institutions that are not robust. The state institutions and organizations continue to be highly dependent on external re...

by Frauke de Weijer | On 20 Aug 2013

The Youth Employment Crisis: A Call for Action

Resolution and conclusions of the 101st Session of the International Labour Conference, Geneva, 2012. [ILO].

by International Labour Organisation ILO | On 16 Aug 2013

Recession and Child Labour: A Theoritical Analysis

This paper provides a theoretical model of the impact of recession (income shock) on household's child labor (CL) decision. Parental altruism is endogenized; as their choice of substituting child lab...

by Sahana Roy Chowdhury | On 25 Jun 2013

Market Power and Industrial Performance in Pakistan

Using a panel of eight Pakistani manufacturing industries, We have examined the changes in price-cost margin (gross profitability) during 1998-2009. In this study the traditional industrial organizati...

by Akbar Ullah | On 23 May 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

Compensating Wages for Occupational Risks of Farm Workers in India

Farm workers incur various occupational related risks. The question is whether they are adequately compensated for facing these risks? This paper attempts to measure the wage premiums that farm worker...

by Indira Devi P | On 22 May 2013

Media monitoring on Corruption in Indian print Media

To explore how much coverage is given by Leading Indian newspaper to 2G Scam and Common Wealth Games during the period of study. To explore what kind of image of India is famed by all four newspape...

by Daniel Drache | On 25 Apr 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

Employment Effects of Low-Skilled Immigrants in Korea

This study examines the impact of inflows of foreign workers on Korean natives’ economic performance – namely, employment – through the Employment Permit System, the basis of Korea’s system by which...

by Jungho Kim | On 03 Apr 2013

Options and Determinants of Rice Residue Management Practices in the South-West Region of Bangladesh

This study examines options for managing rice residue and the factors that determine its management in the south-west region of Bangladesh. Study results indicate that while straw length, low-elevatio...

by Mohammed Ziaul Haider | On 29 Mar 2013

Budget Speech 2013-2014

Budget Speech by Chidambaram.

by P Chidambaram | On 28 Feb 2013

Nine years later…

Is the Finance Minister going to do a salvage operation? [BS week end ruminations].

by T.N. Ninan | On 27 Feb 2013

No Fireworks Railway Budget

Modernization, encouragement to PPP, integration of MGNREGA, has been given importance in the railway budget.

by IRIS India IRIS | On 27 Feb 2013

Expecting a Smooth Ride

Indian Railways have to be investor friendly. The railway budget will have to deal with core issues such as mobilizing resources, controlling costs and offering competitive freight structure with an e...

by Sachin Bhanushali | On 14 Feb 2013

Connecting the Dots: The Urban Informal Sector and Climate Vulnerabilities in Southeast Asia’s Megacities

In the megacities of developing Southeast Asia, the informal sector plays an important role in supporting economic development. Yet, in discussions of the ramifications of climaterelated natural haz...

by Sofiah Jamil | On 13 Feb 2013

Nutrition Policies in Developing Countries: Challenges and Highlights

There are many nutrition policies in developing countries. What are the challenges faced by these malnutrition policies? There are many countries which have successfully included nutrition in their d...

by Olivier Ecker | On 12 Feb 2013

Juvenile Justice in Different Countries: Age of Criminal Responsibility and Treatment of Juvenile Offenders

In the world, there are three models that inspire administration of juvenile justice: • The Welfare Model • The Justice Model or Control model - Retributive • The Restorative Model The age of c...

by HAQ Centre for Child Rights HAQCRC | On 06 Feb 2013

WEATHER SHOCKS, SPOT AND FUTURES AGRICULTURAL COMMODITY PRICES: AN ANALYSIS FOR INDIA

We analyze the impact of climate shocks on price formation in spot and futures market for food in India where until the recent introduction of commodity futures markets in 2005, the transmission of th...

by N R Bhanumurthy | On 05 Nov 2012

MULTI-MARKET COLLUSION WITH TERRITORIAL ALLOCATION

This paper develops a super game model of collusion between price-setting oligopolists located in different markets separated by trade costs. The firms produce a homogenous good and sustain collusion...

by Aditya Bhattacharjea | On 05 Nov 2012

Diesel Pricing in India: Entangled in Policy Maze

This paper identifies the important economic activities that use diesel and discusses the contribution of those sectors in GDP. Other important petroleum products and, their limited substitution possi...

by Mukesh Kumar Anand | On 17 Oct 2012

Mapping Exercise of Home Based Workers in Maharashtra

Home-based work has a much wider scope of activity than the singular task of an individual working from his/her home. This essential service is tied in with a larger chain of forward and backward lin...

by Indira Gartenberg | On 16 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

Food Subsidy in India: Trends, Causes and Policy Reform Options

This paper analyses the trends in volume of food subsidy in the post-reforms period (1991-92 to 2012-13) and then examines various components of food subsidy, which are under the control of FCI and th...

by Vijay Paul Sharma | On 20 Sep 2012

The Heterogeneous Welfare Impacts of Participation in Contract Farming Schemes: Evidence from Southern India

The heterogeneity of welfare impacts of contract farming participation is demonstrated by estimating an endogenous switching model using survey data for 474 farmers in four commodity sectors, gherkin...

by Sudha Narayanan | On 06 Sep 2012

Integrating Mental Health and Development: A Case Study of the BasicNeeds Model in Nepal

The BasicNeeds model of Mental Health and Development (MHD), Nepal emphasizes user empowerment, community development, strengthening of health systems, and policy influencing. The Nepal program was...

by Shoba Raja | 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

Averting an Impending Storm: Can We Reengineer Health Systems to Meet the Needs of Aging Populations?

The proportion of elderly in the world population is increasing. Health systems across the globe are ill prepared to meet the needs of aging populations. The needs of the elderly are different from t...

by Arlene S Bierman | On 08 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

New Thinking on Corporate Bond Market in India

What are major factors behind underdevelopment of corporate bond market in India? One of the major bottlenecks to the development of this market lies in relatively larger costs of financing which diss...

by Sanjay Banerji | On 17 Jul 2012

The New Age of Food Marketing: How Companies are Targeting and Luring our Kids — and What Advocates can do About it

Why should health advocates be concerned about the new marketing paradigm? Because young people's choices about what to eat and when are largely shaped by food and beverage marketing -- and these indu...

by Berkeley Media Studies Group BMSG | On 13 Jul 2012

Three Gorges Dam: A Model of the Past

The Three Gorges Dam on the Yangtze River is the world’s largest and most controversial hydropower project. The 600 kilometer-long reservoir has displaced 1.3 million people and is wreaking havoc wi...

by International Rivers Network IRN | On 12 Jul 2012

Priority-Setting in Health: Building Institutions for Smarter Public Spending

Creating and developing fair and evidence-based national and global systems to more rationally set priorities for public spending on health. An interim secretariat should be there to incubate a global...

by Amanda Glassman | On 10 Jul 2012

Intrinsic Inflation Persistence in a Developing Country

This study estimates degree of intrinsic inflation persistence in Pakistan using aggregate price index, group level price indices, and individual commodity prices. Monthly data from 1959 to 2011 is us...

by Muhammad Nadim Hanif | On 09 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

Growth of Asian Pension Assets: Implications for Financial and Capital Markets

Pension assets have seen rapid growth world-wide over the past decades, although they suffered large losses during the global financial crisis of 2007–2008. Such growth is notably due to both structur...

by Yuwei Hu | On 02 Jul 2012

Has India Emerged? Business Cycle Stylized Facts from a Transitioning Economy

A comprehense documentation - using both annual and quarterly data - an exhaustive set of stylized facts for the Indian business cycle in the pre and post reform period, the data is used to report...

by Chetan Ghate | On 19 Jun 2012

Are Drone Strikes Effective in Afghanistan and Pakistan? On the Dynamics of Violence between the United States and the Taliban

Strikes by unmanned aerial vehicles, or drones, have been the primary weapon used by the United States to combat the Taliban and Al-Qaeda in Afghanistan and Pakistan. This paper examines the dynamic...

by David A. Jaeger | On 01 Jun 2012

The Impact of Infrastructure on Agricultural Productivity

This paper provides an empirical basis for the perceived link between rural infrastructure and agricultural productivity. It validates the hypothesis that deficiencies in rural infrastructure e.g.,...

by Gilberto M Llanto | On 24 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

Estimation of Capacity Utilisation in Indian Industries: Issues and Challenges

The estimation of capacity utilisation (CU) derives its significance from the fact that, if properly assessed, it may provide a reliable indication of incipient inflationary pressure in an economy. Me...

by Atri Mukherjee | On 09 May 2012

China’s Rising Military Power and Its Implications

The aim of this paper is to examine the driving forces behind China’s military modernization efforts followed by an assessment of the goals and foci of China’s military modernization at present and...

by Jiao Liang | On 08 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

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

Development Trajectory, Emission Profile, and Policy Actions: Thailand

Thailand has made significant progresses toward green and low-carbon development; however, there is a need to further address the issue. The country has to focus on the implementation of no-regret pol...

by Qwanruedee Chotichanathawewong | On 16 Apr 2012

Do Changes in Distance-to-default Anticipate Changes in the Credit Rating?

Distance-to-default (DtD) from the Merton model has been used in the credit risk literature, most successfully as an input into reduced form models for forecasting default. [WP-2012-010]. URL:[http:...

by Nidhi Aggarwal | On 10 Apr 2012

The view, outside in

What India has to do to overcome the dents that India has suffered in its international image? India will have to play a delicate game of exercising autonomy in its pursuit of national objectives with...

by T.N. Ninan | On 10 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

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

Price and Income Elasticity of Imports: The Case of Pakistan

The paper estimates the elasticity of Imports with respect to relative prices and income for Pakistan from 1971 to 2009. What distinguishes this paper from the earlier studies is the use of robust est...

by Khurram Ashfaq Baluch | On 30 Mar 2012

Causes of Emissions from Agricultural Residue Burning in North-West India: Evaluation of a Technology Policy Response

The burning of agricultural field residue, such as stalks and stubble, during the wheat and rice harvesting seasons in the Indo-Gangetic plains results in substantial emissions of trace gases and pa...

by Ridhima Gupta | On 28 Mar 2012

Uses and Misuses of Statistics

Statistics is used in our day to day life. Examples are there to show that statistics is misused in many. This can happen when people are information illiterate. [Address at DST-CIMS, BHU on Mar 20, 2...

by Chakrabarty K C | On 27 Mar 2012

Odisha Budget Speech 2012-13

Budget Speech by Shri Prafulla Chandra Ghadai. [Government of Odisha]. URL:[http://www.orissa.gov.in/finance/Budgets/2012-13/BUDGET%20SPEECH%20ENGLISH.pdf].

by Government of Orissa | On 27 Mar 2012

Maharashtra Budget Speech 2012-13: Part I

Budget for the year 2012-13. [Government of Maharashtra]. URL:[http://maharashtra.gov.in/pdf/english_speech_part_I.pdf].

by Maharashtra Government | On 27 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

Budget for Children (BfC) in the Union Budget 2012-13

What the Budget of India, 2012-13 has got for children? [HAQCRC]. URL:[http://www.haqcrc.org/sites/default/files/BfC%202012-13_0.pdf].

by HAQ Centre for Child Rights HAQCRC | On 19 Mar 2012

Ethics of Public Health Interventions: A View from the Frontline

Rural people are deprived even of the basic facilities of medical care. Is this ethical? [6th K R Memorial lecture].

by Yogesh Jain | 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

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

Final Report-Water Security and Climate Change: Challenges and Strategies

The main objectives of this seminar has been to contribute to the understanding of the development processes and problems related to water security and climate change; to focus on studies relating t...

by Gursharan Singh Kainth | On 12 Mar 2012

Under trial Prisoners: Quicker Trial and Human Rights

Discussion on the human rights violation of under trial prisoners.

by Ranesh Chandra Majumdar | On 06 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

On the Road: Access to Transportation Infrastructure and Economic Growth in China

This paper estimates the effect of access to transportation networks on regional economic outcomes in China over a twenty-period of rapid income growth. It addresses the problem of the endogenous pl...

by Abhijit Banerjee | On 02 Mar 2012

India Cheapest, Japan Priciest for Pancakes

How much does it cost to make a pancake in India? The Economist had this fun infographic/chart where it charts the cost of ingredients that are used in making a pancake. A comment

by Sriram Vadlamani | On 01 Mar 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

Review of Macroeconomic Methods and Microeconomic Valuation Methods Applied in the Natural Resources and Environment Sector

The general objective of the paper is to review the different macroeconomic models and microeconomic valuation methods applied in the analysis of the natural resource and enviromnent sector which ar...

by Danilo C Israel | On 27 Feb 2012

Providing High Quality Care Using Low-Cost Health Technology for the Bottom Billion

The talk elaborates on the use of low cost technology in health care at MIT, USA. Organised by the Association for India's Development, MIT and Boston Chapters.

by Yogesh Jain | On 26 Feb 2012

Foundations of Collective Action in Asia: Theory and Practice of Regional Cooperation

This paper argues that the collective action in Asia by its regional organizations has historically suffered from a “capability–legitimacy gap”: a disjuncture between the capability (in terms of mat...

by Amitav Acharya | On 17 Feb 2012

Estimating Standard Error of Inflation in Pakistan: A Stochastic Approach

Standard errors (S.Es.) of month on month and year on year inflation in Pakistan are estimated based on data for the period of July 2001 to June 2010 using stochastic approach as well as extended s...

by Javed Iqbal | On 15 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

Formalizing the Informal Economy: Women’s Autonomous Self-Employment in Rural South India

This paper considers the effects of contemporary restructuring of women and men’s employment in rural south India alongside ongoing efforts to recast India’s poor rural women as entrepreneurs. This s...

by Samantha Watson | On 15 Feb 2012

Myanmar Economy: A Comparative View

A stated objective of Myanmar is to become a modern developed nation that will stand shoulder to shoulder – proud, dignified and tall – with the countries of the world. How far has Myanmar come in a...

by U Myint | On 15 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

International Competitive Strategy Choices: Comparing Firms in China and India

The international business literature has yet to adequately explore international competitive strategy choices made by firms in developing countries. This study aims to address this gap by investiga...

by Ping Lv | On 02 Feb 2012

Stability and Policy Rules in Emerging Markets

Stability results for an open economy DSGE adapted to an emerging market (SOEME) with a dualistic structure have the same structure as in the original model, but those derived for the simulated versi...

by Ashima Goyal | On 02 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

Frozen Food Products Marketing and Distribution Challenges in a Developing Country Case Study: Pakistan

The aim of this case study is to understand the challenges the frozen food industry in a developing country like Pakistan has faced in the past, and is facing currently. The study reveals that inste...

by Shehla Riza Arifeen | On 27 Jan 2012

Third Quarter Review of Monetary Policy 2011-12

This policy review is set in the context of a highly uncertain global environment and a delicately poised domestic balance between growth and inflation. It should be read and understood together...

by Duvvuri Subbarao | On 25 Jan 2012

Macroeconomic and Monetary Developments Third Quarter Review 2011-12

The Growth outlook has weakened as a result of adverse global and domestic factors that have been mentioned above. Business and consumer confidence has been impacted. Professional forecasters now...

by Reserve Bank of India RBI | On 25 Jan 2012

The Relationship between Inflation and Relative Price Variability in Pakistan

This paper explores the relationship between inflation and relative price variability (RPV) by using disaggregated CPI data for Pakistan. Three methods have been used to assess the functional form and...

by Muhammad Akmal | On 25 Jan 2012

To Bt or Not to Bt? Risk and Uncertainty Considerations in Technology Assessment

Production costs and crop incomes in drought years are analyzed to test a simplistic theory of risk based on first principles. A mixed-methods framework is employed to draw inferences by combining da...

by Sarthak Gaurav | On 24 Jan 2012

K to 12: The Key to Quality Education?

The continuous deterioration of the quality of education in the Philippines has prompted the DepEd to push for the implementation of the K to 12 program, which entails the institutionalization...

by Senate Economic Planning Office SEPO | On 23 Jan 2012

On the Blowout Preventer Testing Problem: An Approach to Checking for Leakage in BOP Networks

Blowout Preventers (BOPs) and choke manifolds are key pieces of drilling rig equipment to prevent the uncontrolled release of potentially hazardous formation fluids to surface. The blowout prevent...

by Diptesh Ghosh | On 19 Jan 2012

Credit and Growth Cycles in India: An Empirical Assessment of the Lead and Lag Behaviour

This paper studies the leadlag pattern in the interaction between credit and growth cycles of India at three levels i.e. at the aggregate level for annual GDP growth, at the sectoral level across a...

by Krittika Banerjee | On 06 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

Moving up the Quality ladder? EU-China Trade Dynamics in Clothing

A simple method is applied to study the relative quality of Chinese versus European products exported in the clothing sector after the end of the Multi-Fiber Arrangement. Based on the model of Foste...

by Hylke Vandenbussche | On 03 Jan 2012

Plan vs. Performance Winter Session – November 22 to December 29, 2011

This note lists the legislative business planned by Parliament and compares it with the actual performance during the Winter Session. [PRS Note]. URL:[http://www.prsindia.org/administrator/uploads/ge...

by Kusum Malik | On 30 Dec 2011

Consultation Report on Strengthening the Role of Agriculture for a Nutrition Secure India

The Indira Gandhi Institute of Development Research (IGIDR), Mumbai and the International Food Policy Research Institute (IFPRI), New Delhi organized a workshop ‘Strengthening the Role of Agriculture...

by Srijit Mishra | On 27 Dec 2011

A Conceptual Overview of Structural Equation Modeling

A synthesized version of Structural Equation Modelling (SEM) and its possible applications in Management problems is presented. The main contribution of the paper is its simple description of a some...

by Tathagata Banerjee | On 27 Dec 2011

Root Problem: Labour Laws

Delivering the third Business Standard lecture on Thursday night, Raghuram Rajan provided an interesting insight into the reason for high inflation in India. The professor of finance at Chicago, who i...

by T.N. Ninan | On 23 Dec 2011

Why Full Open Access Matters

Scientific authors who pay to publish their articles in an open-access publication should be congratulated for doing so. They also should be aware that they may not be getting full open access fro...

by Michael W Carroll | On 13 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

Comparative Analysis of Inflation in Nepal and India

Inflation data for the past few years (August 2007 to October 2011 of Nepal and August 2007 to July 2011 of India for the analysis of monthly annual variation) have been taken into consideration for...

by Nepal Rastra Bank Research Department NRB | On 12 Dec 2011

Quality of Maternal Health Care: A Call for Papers for a Maternal Health Task Force–PLoS Collection

The MHTF–PLoS Collection in 2011–12 will focus on quality of maternal health care, as it is clear that such a focus is now a global imperative [9]. The quality of maternal health care is highly va...

by Samantha R Lattof | On 02 Dec 2011

'You Want to Win, Don't You?' Need for a Psychological Model of PED Use in Developing Countries

The social, cultural, economic and demographic context of a country need to be integrated with a psychological paradigm for examining PED use especially in developing countries i.e. The models ...

by Kaveri Prakash | On 01 Dec 2011

Fifth Krishna Raj Memorial Lecture Series: Moving Towards Universal Access to Health Care- 3

The Fifth Anusandhan Trust’s Krishna Raj Memorial Lecture Series on Contemporary Issues in Health and Social Sciences was held on January 5, 2011. The speakers were Dr. K. Srinath Reddy (Chairperson o...

by Hansa Thapliyal | On 29 Nov 2011

An Estimated DSGE Model of the Indian Economy

A closed model DSGE model of the Indian economy is developed and it is estimated by Bayesian Maximum Likelihood methods using Dynare. A model is build up in stages to with a number of features impo...

by Vasco Gabriel | On 28 Nov 2011

Publishing Construction Contracts as a Tool for Efficiency and Good Governance

Construction is a $1.7 trillion industry worldwide, much of which is linked to publicly financed projects. Outcomes from this financing are frequently suboptimal. Cost and time escalation, as well a...

by Charles Kenny | On 25 Nov 2011

Informal Labour and Credit Markets: A Survey

This paper reviews the literature on the informal economy, focusing first on empirical findings and then on existing approaches to modelling informality within both partial and general equilibrium e...

by Nicoletta Batini | On 24 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

How Prudent are Rural Households in Developing Transition Economies: Evidence from Zhejiang, China

Rural households in developing economies frequently use precautionary saving to cope with income risk. Such prudent behavior can be strengthened in transition economies where more risks are typically...

by Ling Jin | On 23 Nov 2011

Do Auction Bids Betray Expectations-Based Reference Dependent Preferences? A Test, Experimental Evidence, and Estimates of Loss Aversion

A novel experimental auction design that exploits an exogenous variation in the probability of winning to test for the presence of expectations-based reference dependent preferences is provided. [Wo...

by Abhijit Banerji | On 22 Nov 2011

Cost Effectiveness of Interactive Radio Instruction Program Karnataka: Basic and Program Cost Effectiveness

The Program CEA extends to the study to an impact analysis of the Radio programs to assess whether the expenditure being made for this intervention is helping the students in improving their learnin...

by Shubhashansha Bakshi | On 16 Nov 2011

Energy Intensity and Firm Performance: Do Energy Clusters Matter?

In analyzing this phenomenon for Indian manufacturing industries, this study tries to find out the determinants of profitability of firms based on three energy clusters (natural gas, petroleum, coal)...

by Santosh Kumar Sahu | On 10 Nov 2011

Brand India: No Equity for Children

India has embarked upon an economic model driven by the free market incorporating processes of liberalisation, privatisation and globalisation. Our children today live, in what some describe as “Brand...

by HAQ Centre for Child Rights HAQCRC | On 10 Nov 2011

The Determinants of Export Performance of China's Township-Village Enterprises

The rapid export growth of China's township-village enterprises (TVEs) has not been well understood and explained. Using a simple analytical model and exploring a unique dataset on China's TVEs the...

by Changqi Wu | On 08 Nov 2011

Economic and Financial Developments in Goa

Goa is celebrating the Golden Jubilee Year of its Liberation. The recent economic achievements of the state are highlighted. The economic and financial structure of the state as well as the various fi...

by Deepak Mohanty | On 04 Nov 2011

The Pricing Problem of Public Transport in Kerala

The mainstay of the public transport system in Kerala is the private stage carriages (PSC), the economics of operation of which is the subject of this paper. The long run sustainability of the secto...

by Narayana D | On 28 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

Kakkanadan: the Oracle of Strength in Malayalam

Born on 23rd April, 1935, Kakkanadan, a Malayalam language short story writer and novelist from Kerala state, South India passed away on 19th October 2011. He is often credited with laying the foundat...

by Alex George | On 24 Oct 2011

Comparison of Privatization Processes of Telecom Services in India and Brazil

Apart from being BRIC countries, what India and Brazil have in common is a large service sector that contributes significantly to the GDP. The service sector contributed 66% to the Brazilian GDP and 5...

by Rekha Jain | On 18 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

Does Participatory Development Legitimise Collusion Mechanisms? Evidence from Karnataka Watershed Development Agency

While examining participatory development projects, existing contributions have demonstrated how aid resources are often captured by local elites. This paper hypothesises that another possible source...

by G.Ananda Vadivelu | On 18 Oct 2011

Why Drug Safety Should Not Take a Back Seat to Efficacy

It is argued that methodological challenges in monitoring the safety of prescription medications should not mean that drug safety be considered less important a topic of study than efficacy. It is als...

by PLoS Medicine Editors | 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

Poverty Redefined

To ensure that the benefits to the poor go to the really poor, then there has to be proper definitions for poverty and poverty line. URL:[http://www.business-standard.com/india/news/t-n-ninan-poverty-...

by T.N. Ninan | On 28 Sep 2011

Understanding Inflation and Controlling It

Inflation management is one of the hardest tasks an economic policymaker has to undertake. It appears, at first sight, that one can rely entirely on commonsense to carry out this task. But that will b...

by Kaushik Basu | On 28 Sep 2011

Valuing the Recreational Uses of Pakistan’s Wetlands: An Application of the Travel Cost Method

This study applies a single-site truncated count data travel cost model in order to estimate the value visitors place on recreation in Keenjhar. The recreational use value associated with Keenjhar...

by Ali Dehlavi | On 27 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

What Causes Agglomeration? – Policy or Infrastructure – A Study of Indian Manufacturing Industry

This paper investigates whether industrial dispersal policy is more potent or the natural and agglomeration cost advantages are important in influencing locational choice of a firm. To carry out the a...

by Vinish Kathuria | On 22 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

Strategic Outsourcing with Technology Transfer

The outsourcing decision of a firm for a key input of a final good production to an independent input supplier even though the firm has an option of producing that key input in-house at a lower cost w...

by Tarun Kabiraj | On 02 Sep 2011

Evolution of Property Rights Regimes in the Groundwater Economy of India-Constraints on Moving Towards a Common Property Regime

The paper paper reviews the 'model' central and state government bills, pertaining to groundwater, through a conceptual framework and discusses the Andhra Pradesh experience in the developing governme...

by G.Ananda Vadivelu | On 30 Aug 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

Infrastructure Investment and Regional Economic Growth: A Case Study of Maharashtra

The study initially reviews the infrastructure facilities for the 33 districts of Maharashtra for one year i.e.1999-2000. Using this, the extent of disparities between these regions is found. Further...

by A M Swaminathan | 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

Policy Dilemmas in India: The Impact of Changes in Agricultural Prices on Rural and Urban Poverty

Trade policy reforms which lead to changes in world prices of agricultural commodities or domestic policies aimed at affecting agricultural prices are often seen as causing a policy dilemma: a fall...

by Sandra Polaski | On 26 Aug 2011

When do Stock Futures Dominate Price Discovery?

Stock futures offer leveraged positions and are expected to attract informed traders. Many researchers have found that the information share of the stock futures is surprisingly small; the equity sp...

by Jeffrey Vincent | On 24 Aug 2011

Air Quality and Cement Production: Examining the Implications of Point Source Pollution in Sri Lanka

Suspended particulate matter (SPM), dust, fumes and gases from cement production can result in a range of health effects to households living around factories. This study estimates the health costs as...

by Cyril Bogahawatte | On 23 Aug 2011

Reforms in Indian Agro-processing and Agriculture Sectors in the Context of Unilateral and Multilateral Trade Agreements

In this paper, the potential impacts of trade and investment-related policy reforms on India’s agro-processing sector is explored. The direct effects of policy reforms within the processing sector, an...

by A. Ganesh-Kumar | On 22 Aug 2011

Public Investment in Agricultural and GDP Growth: Another Look at the Inter Sectoral Linkages and Policy Implications

The crowding-in phenomenon together with inter-sectoral linkages is used in this paper to examine the effect of higher public investment for agriculture on the stable growth of this sector as well as...

by Harish Mani | On 17 Aug 2011

Identifying Systemically Important Financial Institutions (SIFIs)

In this study the analytical framework for identifying and benchmarking systemically important financial institutions is discussed. First, the main concepts underlying the SIFI definition are laid out...

by Christian Weistroffer | On 12 Aug 2011

India-Pakistan Trade

On the basis of a survey conducted in three cities viz., Delhi, Mumbai and Amritsar the paper examines the characteristics of firms engaged in Indo- Pakistan trade. It also estimates the transaction...

by Nisha Taneja | On 11 Aug 2011

Bond Market Development in Asia: An Empirical Analysis of Major Determinants

This study attempts to identity the major determinants of bond market development in Asian economies, through examining its relationship with selected key financial and economic factors, and to provid...

by Biswa Nath Bhattacharyay | On 10 Aug 2011

Tracking India Growth in Real Time

This paper compares different approaches to the short term forecasting (nowcasting) of real GDP growth in India and evaluates methods to optimally gauge the current state of the economy. Univariate ...

by Rudrani Bhattacharya | On 02 Aug 2011

Government Mediated Program on Intensifying Industry-Academia Linkages for Human Resource Development; Experinces of an Innovative Model from TIFAC

The importance of academia- industry linkages for development of an economy is well recognized. With a view to make the higher technical education relevant, by forging and catalyzing functional link...

by Jancy Ayyaswamy | On 26 Jul 2011

“Indian” Literatures Today: English and Bhasha Literatures in an Uneasy Relationship

Review of Other Tongues: Rethinking the Language Debates in India. Edited byNalini Iyer, Bonnie Zare,Rodopi, Amsterdam. 2009. 248 pp. $71.00 (cloth), ISBN 978-90-420-2519-6.

by KumKum Chatterjee | On 23 Jul 2011

Global Financial Crisis: Implications for Trade and Industrial Restructuring in India

This study investigates the impact of global crisis shocks on India’s trade and industry. Both panel data modeling and vector autoregression techniques are used to understand the dynamic effects of gl...

by Prabir De | On 22 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

Improving Reading Skills by Encouraging Children to Read: A Randomized Evaluation of the Sa Aklat Sisikat Reading Program in the Philippines

An evaluation of a program that aims to improve children’s reading skills by providing classes with age‐appropriate reading material and incentivizing children to read through a 31 day readR...

by Ama Baafra Abeberese | On 12 Jul 2011

Barriers to Household Risk Management: Evidence from India

Why do many households remain exposed to large exogenous sources of non-systematic income risk? Why don’t financial markets develop to pool these risks? This paper uses a series of randomized field...

by Shawn Cole | On 06 Jul 2011

Doha or Dada: The World Trade Regime at an Historic Crossroads

This study was not alone in demonstrating that a deal on the Doha Round could be of huge benefit to the global economy. Assuming plausible enhancements in the course of further negotiations, the big...

by Klaus Deutsch | On 06 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

Reviving the Global Education Compact: Four Options for Global Education Funding

In early 2008, the new U.S. administration indicated willingness to lead a renewed effort to mobilize and channel development assistance to support education in developing countries. As a candidate, P...

by Desmond Bermingham | On 23 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

Poverty, International Migration and Asylum

This WIDER Policy Brief examins issues such as liberalizing migration policies; protecting refugees in regions of origin; addressing the root causes of migration and refugee flows; influencing percept...

by Christina Boswell | On 14 Jun 2011

Finding the Meaning of the Word ‘Livelihood’

Livelihood has many meanings. To many it is that which gives you a source of income. Yet it is only when livelihoods come to mean sustainable ways of living that we will move towards an alternative...

by Collin Furtado | On 13 Jun 2011

Estimating Output Gap for Pakistan Economy: Structural and Statistical Approaches

The objective of this study is to estimate potential output vis-à-vis output gap for Pakistan’s economy. This paper reviews six commonly used techniques to estimate potential output and from that the...

by S. Adnan H. A. S. Bukhari | On 09 Jun 2011

GAVI’s Future: Steps to Build Strategic Leadership, Financial Sustainability, and Better Partnerships

On June 13, the GAVI Alliance will hold its first pledging conference, seeking to obtain commitments for US$ 3.7 billion for the 2011–15 period. Remarkably, in the midst of a historic global recession...

by Lisa Carty | On 09 Jun 2011

Aid Supplies Over Time: Accounting for Heterogeneity, Trends, and Dynamics

The recent financial crisis has rekindled interest in the foreign aid supply behaviour of bilateral donors. Using the latest data covering the period 1960-2009, this paper examines how such behaviou...

by Sam Jones | On 01 Jun 2011

Vulnerability in Rural Bangladesh: Learning from Life History Interviews

This paper explores the nature of vulnerability and its relationship to chronic poverty in rural Bangladesh drawing from 293 life-history interviews conducted by the author and a small team of researc...

by Peter Davis | On 31 May 2011

REalisation of 'Self'n Vijay Tendulkar's 'Kamala'

In India, today too, majority of educated women are unaware of their true self and still stuck in the process of self realisation. Moreover, there are some women who are aware of their self, their rig...

by Sachin S. Bhumbe | On 09 May 2011

History in Bengali Literature: A Study of Selected Bengali Novels

Great novelists through their writings placed the history of the Indian national and social awakening movement in literature.The context of this article is great three novels of three great littérat...

by Sarmistha Ghoshal | On 09 May 2011

The Wrong War

In a week when the Reserve Bank of India (RBI) has said that combating inflation is now its primary focus, it is important to ask: is RBI fighting yesterday’s war, instead of peering into the future t...

by T.N. Ninan | On 08 May 2011

India: Kal, Aaj Aur Kal

All across the board growth forecasts for this year are being revised downwards. What has changed in the last few months? http://www.indicus.net

by Sumita Kale | On 08 May 2011

How to Measure inflation in India?

What is the best inflation measure in India? What inflation measure is most relevant for monetary policy making in India? Questions of timeliness, weights in the price index, accuracy of food price m...

by Ila Patnaik | On 06 May 2011

Monetary Policy Statement 2011-12

This Statement sets out the Reserve Bank’s assessment of the current macroeconomic situation and projections. URL:[http://rbidocs.rbi.org.in/rdocs/notification/PDFs/APS030511F.pdf].

by Duvvuri Subbarao | On 03 May 2011

Tripura Budget 2011-12

Budget speech of Finance Minister.

by Government of Tripura | On 27 Apr 2011

Has India Emerged? Business Cycle Stylized Facts from a Transitioning Economy

This paper presents a comprehensive set of stylised facts for business cycles in India from 1950 - 2009. India's business cycle in the pre 1991 economy is compared with the post 1991 Indian economy,...

by Ila Patnaik | On 27 Apr 2011

Issues for Approach to the 12th Five Year Plan

GDP growth likely to average 8.2 per cent over 11th Plan: short of the 9% target, but remarkable given the global crisis and drought. Basic objective : Faster, More Inclusive, and Sustainable Growth ...

by Planning Commission | On 25 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

Himachal Pradesh Budget 2011-12

Budget Speech of the Finance Minister. URL: [http://admis.hp.nic.in/budget/Aspx/Anonymous/pdf/FS_Eng_2011.pdf]

by Himachal Pradesh Government of India | On 20 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

Our Tahrir Square

The government has alienated the public through months of scandal on a scale not seen till now. URL:[http://www.business-standard.com/india/news/t-n-ninan-our-tahrir-square/431532/]

by T.N. Ninan | On 13 Apr 2011

Liquidity Considerations in Estimating Implied Volatility

Some option series in the market are far less liquid than others. Market illiquidity can reduce the informativeness of option prices. In this paper, an alternative schemes are proposed to estimate im...

by Rohini Grover | On 09 Apr 2011

On The Optimal Coordination Of Uninformed Agents by an Informed Principal

They consider organizations with a single principal and many agents who interact in an environment with the following features: (a) Nature imperfectly informs the principal via a state-contingent si...

by Sudhir A. Shah | On 30 Mar 2011

Foretelling the Mekong: Key Findings of the MRC’s Strategic Environmental Assessment on Mekong Mainstream Dams

With 11 large hydropower dams proposed to block the Lower Mekong River’s mainstream, the future of the river lies at a crossroads. To inform decision-making, in October 2010, the Mekong River Commiss...

by International Rivers Network IRN | On 29 Mar 2011

Adaptive Building Technology Course

The need to bring down the cost of construction of buildings in India has recently been receiving a lot of attention; there seems to be a general agreement that clients -whether private or Government...

by R.J.S. Spence | On 29 Mar 2011

Budget 2011-12, Meghalaya

Budget 2011-12 presented by the Finance Minister.

by Government of Meghalaya Govt | On 28 Mar 2011

Policy Responses to the Spatial Dimensions of Poverty

This paper discusses policy responses to the spatial dimensions of poverty. [CPRC Working Paper 168] URL: [http://www.chronicpoverty.org/uploads/publication_files/WP168%20Higgins-Bird-Harris.pdf]

by Kate Higgins | On 24 Mar 2011

‘Spatial Poverty Traps: What Are They and What Can Be Done About Them?'

This paper demonstrates how urban spatial poverty traps exist in developing countries and makes the case for including an urban focus to spatial poverty analysis and policy responses. It frames this w...

by Ursula Grant | On 23 Mar 2011

Macroeconomic Uncertainty and Corporate Liquidity: The Indian Case

Interest in the uncertainties prevailing at the macroeconomic level has always been well known in economic literature. This paper analyses the effect of firm level and macroeconomic uncertainty on t...

by Mrinal Kanti | On 22 Mar 2011

Health, Technical Efficiency And Agricultural Production In Indian Districts

In this study, they attempt to quantify the effect of improved population health on technical efficiency in agricultural production. Using data for over 260 districts in 15 Indian states, they emplo...

by Atheendar S. Venkataramani | 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

Renminbi Revaluation: Lessons and Experiences

Japan experienced sharp appreciations of the yen twice after World War II, the first followed by hyperinflation and the second by the “economic bubble” in the late 1980s. The country then underwent...

by Toshiki Kanamori | On 07 Mar 2011

Review of the Economy 2010/11

The Economic Advisory Council in its review of the economy has predicted a continued high growth but has suggested steps to sustain this growth, chief among them:Containing inflation by focusing both...

by C. Rangarajan | On 21 Feb 2011

Acreage and Yield Response for Major Crops in the Pre- and Post-Reform Periods in India: A Dynamic Panel Data Approach

Supply response to price changes is likely to increase with the increasing liberalization of the agricultural sector in India. Past studies revealed a weak supply response for Indian agriculture. No...

by G. Mythili | On 21 Feb 2011

Macroeconomic Forecasting using Dynamic Factor Models

This study attempts to develop a dynamic factor model (DFM) to forecast industrial production and price level in India. For this purpose, domestic as well as external economic indicators, that appea...

by Sanjib Bordoloi | On 21 Feb 2011

Informal Regulation of Pollution in a Developing Country

Recent literature has not only recognized the implementation limitations of formal regulation, but also appreciated the significance of informal regulation for achieving environmental goals for develo...

by Vinish Kathuria | On 18 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

Infrastructure and Asia’s Trade Costs

Infrastructure services play a significant role in trade costs by reducing distribution margins, lowering prices, and raising consumer welfare. They also lower transaction costs, add value, and inc...

by Douglas H. Brooks | On 11 Feb 2011

Valuing the Environment in Developing Countries: Modeling the Impact of Distrust in Public Authorities’ Ability to Deliver on the Citizens’ Willingness to Pay for Improved Environmental Quality

This paper employs the choice experiment method to estimate local  citizens’ valuation of a public intervention which proposes to improve the  quality of an important environmental resource, namel...

by Ekin Birol | On 09 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

The Economics of Foodgrain Management in India

The simultaneous occurrence of high food inflation and large foodgrain stocks in our granaries has been a matter of widespread concern in India. The aim of this paper is to understand the fundamenta...

by Kaushik Basu | On 03 Feb 2011

Third Quarter Review of Monetary Policy 2010-11

This statement sets out the Reserve Bank’s assessment of the current macroeconomic situation and forward projections.

by D Subbarao | On 31 Jan 2011

The United Arab Emirates: Some Lessons in Economic Development

Oil was discovered in the United Arab Emirates (UAE) just 50 years ago. During that time, UAE has been able to transform itself into a rapidly modernizing country, which is fast becoming a major e...

by Yaw Nyarko | On 27 Jan 2011

Cost-benefit Analysis of CFPR

This paper presents a cost-benefit analysis of the first cohort (2002-03) of selected ultra poor (SUP) households of BRAC’s CFPR. The analysis calculates benefit of the programme using primary data...

by Sanjay Sinha | On 20 Jan 2011

Rethinking Food Security Strategy: Self-sufficiency or Self-reliance

This Policy Brief discusses whether Bangladesh should continue to pursue a national food security strategy based on self-reliance or return to its earlier policy of food self-sufficiency through ...

by Uttam Kumar Deb | On 17 Jan 2011

The Impact of Social and Economic Development Programmes on Health and Well-being: a BRAC-ICDDR,B Collaborative Project in Matlab

ICDDR,B is an international health research institution. It is equipped with necessary research facilities including excellent field study areas. The field areas are specifically designed for resear...

by Abbas Bhuiya | On 14 Jan 2011

Designing Economic Instruments and Participatory Institutions for Environmental Management in India

This paper examines the possibility of using economic instruments, especially pollution taxes and bargaining approaches, as a means to encourage or improve people's participation in environmental mana...

by N.M. Murty | On 13 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

To Develop or to Conserve? The Case of the Diyawanna Oya Wetlands in Sri Lanka

The Diyawanna Oya wetland ecosystem has proven to be an important recreational site in the greater Colombo area in the face of the growing demand for urban recreational amenities. It provides a wide s...

by Thusita Dilhani Marawila | On 06 Jan 2011

Income Distribution and Labour Movement in China after WTO Membership: A CGE Analysis

Using a CGE model, PRCGEM, with an updated 2002 I/O table, this paper explores how earnings will be affected in each of 40 separate industries across 31 regions (or 8 regional blocks) of China for...

by Jiao Wang | On 05 Jan 2011

Popular Theatre and BRAC

The objectives of the study include evaluation of the popular theatre of BRAC as being performed, the extent of the messages being communicated through theatre, evaluate the changes brought about in...

by Mohammad Rafi | On 30 Dec 2010

Effects of Socio-economic Development on Health Status and Human Well-being

Bangladesh is popularly described in the literature as a ‘test case for development’ in view of the complex nature of its socioeconomic and cultural problems, coupled with severe resource constraints...

by Mushtaque Chowdhury | On 29 Dec 2010

Three Studies on the Effect of BRAC Interventions on the Lives of the Poor Women

This paper addressed two current debates within the female empowerment literature using data from BRAC-ICDDR,B Joint research project at Matlab collected during April-July 1995. The first part explore...

by Hassan Zaman | On 24 Dec 2010

Urban Poverty in Developing Countries: A Scoping Study for Future Research

This paper is a scoping exercise to explore options for research on urban poverty in developing countries. Based on a review of the literature and experience, the first part of the paper reviews the c...

by Johannes F. Linn | On 21 Dec 2010

Sex Trafficking Of Girls And Women: Evidence From Anantapur District, Andhra Pradesh

A crucial gap in the trafficking literature from India is the dearth of primary data and micro studies that could be used for vulnerability mapping of the source areas and addressing the identified...

by U. Vindhya | On 20 Dec 2010

Does Exporting Raise Productivity? Evidence from Korean Microdata

This paper explores a plausible channel through which exporting could have made both a substantial and a persistent contribution to export-oriented economic growth in Korea and by extension other East...

by Sanghoon Ahn | On 10 Dec 2010

Cost of Providing Sustainable Water,Sanitation and Hygiene (WASH) Services: An initial assessment of LCCA in Andhra Pradesh

Using information in the public domain and data from a pilot study, this paper argues that adoption of life-cycle cost approaches (LCCA) could play a significant role in rectifying this situation by...

by V Ratna Reddy | On 08 Dec 2010

Egovernment: Lessons from Implementation in Developing Countries

E-government applications from a large number of developing countries are reviewed. Different models of electronic delivery of services are compared. Delivery through conveniently located service cent...

by Prof. Subhash Bhatnagar | On 06 Dec 2010

Free Trade Agreement between People’s Republic of China and India: Likely Impact and Its Implications to Asian Economic Community

Open regionalism and trade cooperation between the world’s two largest developing countries, the People’s Republic of China (PRC) and India, can foster outward-oriented development and intra-regio...

by Swapan K. Bhattacharya | On 06 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

Commitment to Development Index 2010

The Commitment to Development Index (CDI) ranks 22 of the world’s richest countries on their dedication to policies that benefit the five billion people living in poorer nations. Moving beyond standar...

by David Roodman | On 29 Nov 2010

Developing Incentive Based Mechanisms for Watershed Protection Services through Participatory Hydrological Studies

Peoples’ Science Institute (PSI), Dehradun and Winrock International India (WII), Gurgaon jointly initiated participatory hydrological studies in two micro-catchments that is, the Bhodi-Suan and Kuhan...

by Rajesh Gupta | On 26 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

Analysis of Deviations and Delays in Aid Disbursements

The study seeks to identify donor-specific factors that cause donors to delay aid disbursement, and to apply a double standard in dealing with the non-compliance of a recipient with regard to aid c...

by Matthew Odedokun | On 24 Nov 2010

Cross-country Diffusion of the Internet

This paper investigates the factors which determine the diffusion of the Internet across countries. The Gompertz model of technology diffusion is estimated using data on Internet hosts per capita for...

by Sampsa Kiiski | On 23 Nov 2010

Towards an Emissions Trading Scheme for Air Pollutants in India: A Concept Note

This paper connects experience with emissions trading, from programs like the U.S. Rain program, to lessons for implementation of a Trading Pilot Scheme in India. This experience suggests that four...

by Esther Duflo | On 16 Nov 2010

Living Standard and Economic Growth: A Fresh Look at the Relationship Through The Nonparametric Approach

The relative role of economic growth vis-a-vis public action in raising living standards in developing countries has been a point of contention for quite some time now. The arguments on both sides a...

by Indrani Chakraborty | On 12 Nov 2010

Impact of Trade Liberalization on Returns from Land: A Regional Study of Indian Agriculture

Trade liberalization, by aligning domestic prices with world prices, is envisaged to bring welfare gains to a country. In the case of Indian agriculture, owing to the vastness and diversity of the s...

by Nilabja Ghosh | On 11 Nov 2010

A Social Cost Approach to Choice at Technology in Building Construction

This pager is an attempt to apply the technique of social cost-benefit analysis to the problem of choice of technology in building construction in Kerala. [Working Paper No. 030]

by K. P. Kannan | On 10 Nov 2010

India's IT Export Boom: Challenges Ahead

Given the manifold ways, in which the information technology could contribute to human welfare, the developing countries have invested in Information Technology (IT) as a short cut to prosperity. I...

by K.J. Joseph | On 01 Nov 2010

Payment Systems in Malaysia: Recent Developments and Issues

Payment systems in Malaysia have been undergoing changes in recent years. Among the notable changes is the emergence of electronic-based payment systems. The central bank has been playing an active ro...

by Amir Akmar Basir | On 25 Oct 2010

Mekong Mainstream Dams: Threatening Southeast Asia's Food Security

The Mekong is under threat. The governments of Cambodia, Laos, and Thailand are considering plans to build eleven big hydropower dams on the Mekong River’s lower mainstream. If built, these dams wou...

by International Rivers Network IRN | On 19 Oct 2010

Agricultural Development of Kerela from 1800 AD to 1980 AD: A Survey of Studies

This paper attempts to survey the published literature on agricultural development of Kerala covering a period between 1800 AD and 1980 AD. The Survey covers both academic studies as well as governme...

by B.A. Prakash | On 18 Oct 2010

Global Production Networks and the People’s Republic of China’s Processing Trade

This paper unveils a systematic pattern in the People’s Republic of China’s (PRC) processing trade. In a cross-section of the PRC’s provinces, the average distance traveled by processing imports (...

by Alyson C. Ma | On 18 Oct 2010

Inflation and Economic Growth in Bangladesh: 1981-2005

This paper empirically explores the present relationship between inflation and economic growth in the context of Bangladesh. Using annual data set on real GDP and CPI for the period of 1980 to 2005, a...

by Shamim Ahmed | On 14 Oct 2010

On Some Monetarist Arithmetic

The paper improves upon the original Sargent-Wallace (SW) version which had to resort to numerical simulations to prove this point It is also shown that incorporating the Mundeil-Tobin and Darby-Tanzi...

by M J Manohar Rao | On 13 Oct 2010

Obligation Rules

They provide a characterization of the obligation rules in the context of minimum cost spanning tree games. They also explore the relation between obligation rules and random order values of their r...

by Gustavo Bergantiños | On 11 Oct 2010

Regional Monitoring of Capital Flows and Coordination of Financial Regulation: Stakes and Options for Asia

The ongoing global economic crisis has punished Asian economies severely, despite the fact that its origins derive from outside the region. The global economic crisis was transmitted through real and...

by Michael G. Plummer | On 11 Oct 2010

Transfers and the Terms of Trade in an Overlapping Generations Model

This paper explores the steady state welfare implications of permanent transfers in a two-country, two-sector overlapping generations model. At the golden rule and with Walrasian stability, we demonst...

by Emily T. Cremers | On 08 Oct 2010

Big Push versus Absorptive Capacity: How to Reconcile the Two Approaches

In this paper they examine whether absorptive capacity can constitute sufficient justification for rejecting the proposal of a large aid increase to support the ‘big push’. They argue that the pro...

by Patrick Guillaumont | On 08 Oct 2010

Towards an Economic Approach to Sustainable Forest Development

The present paper looks at the various dimensions of contributions by forests in the context of the Indian economy. Based on a detailed review of literature on importance and valuation of forests, s...

by Archana S Mathur | On 08 Oct 2010

Role of the Leading Input in Shaping Institutions: Tendency in the Context of Irrigation Uncertainty

The past three decades have witnessed the growth of a voluminous literature on tenancy arid reIated institutions. Problems of resource use efficiency, role of markets, inter-linkages between markets...

by D. Narayana | On 04 Oct 2010

Public Debt Management in Sri Lanka-Performance in 2009 and Strategies for 2010 and Beyond

The information included in this publication covers the public debt management strategies adopted in 2009, the movements in debt stock during the year and the related costs and risks and the primar...

by Central Bank of SriLanka CBSL | On 30 Sep 2010

Sustainable Economic Growth for India: An Exercise in Macroeconomic Scenario Building

Use of Macroeconometric models has by now assumed a measure of universality as an unavoidable aid to forecasting and policy analysis; challenges and controversies spread over more than two decades n...

by V. Pandit | On 29 Sep 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

Cyclicality in Industrial Growth in lndia: An Exploratory Analysis

A review of the literature on industrial growth in India, bows that barring a few studies [e.g.,Raj (1976,1984), Shetty (1978)], Industrial growth has been interpreted by merely fitting statistical m...

by R. Anandaraj | On 29 Sep 2010

The Costs and Underappreciated Consequences of Research Misconduct: A Case Study

The consequences of scientific misconduct are far-ranging and the costs associated with their investigation are substantial. It is possible to estimate the cost (direct and indirect) of investigati...

by Arthur M Michalek | On 28 Sep 2010

Debt Policy in a Competitive Two-Sector Overlapping Generations Model

In this paper debt policy in a two-period, two-sector overlapping generations model with Leontief technologies has been analysed. It has been found that debt, issued to transfer resources to the initi...

by Partha Sen | On 28 Sep 2010

The Cost Competitiveness of Manufacturing in China and India: An Industry and Regional Perspective

This paper focuses on comparisons of productivity, (unit) labor cost and industry-level competitiveness for the manufacturing sector of China and India. They first provide a comparison between India a...

by Bart Van Ark | On 20 Sep 2010

India in the Global and Regional Trade: Determinants of Aggregate and Bilateral Trade Flows and Firms’ Decision to Export

This paper contributes to two strands of literature on empirical models of trade flows and trade policy. The first and the older strand is that of gravity models of bilateral trade flows going back...

by T.N. Srinivasan | On 20 Sep 2010

Causation, Economic Efficiency and the Law of Torts

In standard models dealing with liability rules, generally, the proportion of accident loss a party is required to bear does not depend upon the 'causation' - the extent to which the care or lack of...

by Ram Singh | On 17 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

The Transfer Paradox in a One-Sector Overlapping Generations Model

This paper examines the effects of international income transfers on welfare and capital accumulation in a one-sector overlapping generations model. It is shown that a strong form of the transfer para...

by Partha Sen | On 15 Sep 2010

Technology Acquisition and Growth of Firms Under Changing Policy Regimes : A Study of the Indian Automobile Sector

The objective of this paper is to analyse the determinants of the growth of firms in the Indian automobile industry during the period 1980-81 to 1995-96. It re-examines certain issues that have a...

by K. Narayanan | 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

Rural Non-Ahricultural Employment in India:The Residual Sector Hypothesis Revisited

The literature on Rural Non-Agricultural Employment (RNAE) in India is replete with references as to its nature - whether or not it is residual. Vaidyanathan (1986) advanced the view that for the se...

by C. S. Murty | On 08 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

Concentrating Solar Power in China and India: A Spatial Analysis of Technical Potential and the Cost of Deployment

This study provides an in-depth assessment of Concentrating solar power (CSP) potential in China and India using high-resolution spatial data for site selection and modeling of plant performance, ass...

by Kevin Ummel | On 03 Sep 2010

Structural Shift in Demand for Food: Projections for 2020

Knowledge of demand structure and consumer behaviour is essential for a wide range of development policy questions like improvement in nutritional status, food subsidy, sectoral and macroeconomic poli...

by Surabhi Mittal | On 25 Aug 2010

Betit: A Family that Nests Probit and Logit

This paper proposes a dichotomous choice model that is based on a transformed beta (or z”) distribution. This model, called betit, nests both logit and probit and allows for various skewed and peak...

by Wim P.M. Vijverberg | 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

Monetary Policy in an Uncertain World: Probability Models and the Design of Robust Monetary Rules

The past forty years or so has seen a remarkable transformation in macro-models used by central banks, policymakers and forecasting bodies.This papers describes this trans formation from reduced-for...

by Paul Levine | On 11 Aug 2010

Asian Economic Integration ASEAN+3+1 or ASEAN+1s?

In this paper an attempt is made to evaluate the most efficient approach to regional economic integration in Asia. Given that ASEAN is an existing regional bloc in Asia, alternative approaches to the...

by Amita Batra | On 04 Aug 2010

Determinants of Small-Scale Farmer inclusion in Emerging Moder Agrifood Markets: A Study of the Dairy Industry in India

In response to structural transformations taking place in the Indian dairy sector mainly in processing segment this paper examines determinants of market channel choices of milk produce...

by Vijay Paul Sharma | On 02 Aug 2010

The Japanese Economy and Economic Policy in Light of the East Asian Financial Crisis

The depth and breadth of the East Asian financial crisis has added a sense of acute urgency for some concrete and credible measures by policy-makers to revitalise the Japanese economy. While steps...

by Ramkishen Rajan | On 23 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

Comparative Vigilance

A growing body of literature suggests that courts and juries are inclined toward division of liability between two strictly non-negligent or “vigilant” parties. However, standard models of liability r...

by Allan M. Feldman | On 20 Jul 2010

Morbidity Costs of Vehicular Air Pollution: Examining Dhaka City in Bangladesh

This study estimates the morbidity costs of reduction in air pollution in Dhaka, the capital of Bangladesh, using the Cost-of-Illness (COI) approach. COI is defined as the sum of lost earnings due t...

by Tanzir Chowdhury | On 19 Jul 2010

Designing Economic Instruments and Participatory Institutions for Environmental Management in India

This paper examines the possibility of using economic instruments, especially pollution taxes and bargaining approaches, as a means to encourage or improve people’s participation in environmental ma...

by M.N. Murty | On 19 Jul 2010

Privacy, time consistent optimal labor income taxation and education policy

Incomplete information is a commitment device for time consistency problems. In the context of time consistent labour income taxation privacy can lead to a Pareto superior outcome and increases the ef...

by Kai A. Konrad | On 09 Jul 2010

Economic and financial analysis of scaling up child, newborn and maternal health

Little attention has been paid to the question of how to finance the costs of scaling up MNCH care and the likely availability of funds. Methods Past health expenditure (2000 – 2005) was analysed th...

by Giulia Greco | On 25 Jun 2010

Disarmament, Demobilization, and Reintegration: The co-evolution of concepts, practices, and understanding

The paper examines the programs for Disarmament, Demobilization and Reintegration (DDR) and concludes that DDR is set to remain an important tool, and that it is most effective when used flexibly, app...

by Walt Kilroy | On 16 Jun 2010

Limitations on Universality: The “Right to Health” and the Necessity of Legal Nationality

The fact that statelessness as a concept is largely absent from the medical literature has been on e of the central motivatin factor for this essay which aims for a discussion, primarily to illustr...

by Lindsey N. Kingston | On 15 Jun 2010

The Role of Intermediaries in Facilitating Trade

They are providing systematic evidence that intermediaries play an important role in facilitating trade using a firm-level the census of China's exports. Intermediaries account for around 20% of China...

by Jaebin Ahn | On 14 Jun 2010

Instability at the Gate: India’s Troubled Northeast and its External Connections

This paper intends first to give a brief overview of the rise and growth of some of those separatist groups, with a special focus on the Nagas, the Mizos and the Assam movement. An analysis of the de...

by Renaud Egreteau | On 10 Jun 2010

Non-Tariff Measures Affecting India’s Textiles and Clothing Exports: Findings from the Survey of Exporters

This paper reports findings from the survey of India’s textiles and clothing exporters. The survey method has been used to identify and assess the impact of Non-Tariff Measures (NTMs) and the Cost of...

by Gordhan K Saini | On 09 Jun 2010

A Perspective on Fisheries Sector Interventions for Livelihood Promotion

The ultimate goal of this paper is to derive inspiration from Coase Theorem and the Japanese model of Keiretsu to empower the producers and suppliers of fish – namely, the fisher folk and to place the...

by Samar K. Datta | On 09 Jun 2010

Trade in Financial Services: India's Opportunities and Constraints

This paper analyzes the prospects for liberalizing financial services under the GATS, in view of India’s interests and concerns in this sector. The paper consists of seven sections. Section 2 discuss...

by Rupa Chanda | On 03 Jun 2010

Endogenous Skill Acquisition and Export Manufacturing in Mexico

This paper confirms that for Mexico over the period 1986-2000, the export sector pays higher wages than other sectors, but school drop out increases with the arrival of new export jobs. The workers...

by David Atkin | On 28 May 2010

Debt Policy and Economic Growth in a Small Open Economy Model with Productive Government Spending

In this paper, the effects of introducing constraints on government borrowing have been examined by using a continuous-time overlapping generations model of a small open economy. Government placing co...

by Koichi Futagami | On 27 May 2010

Adaptation, Plasticity, and Extinction in a Changing Environment: Towards a Predictive Theory

A simple evolutionary model is used to understand the critical rate of environmental change beyond which a population must decline and go extinct. The model is used to highlight the major determinants...

by Luis-Miguel Chevin | On 21 May 2010

Impact of ASEAN-India FTA on India’s Plantation Commodities: A Simulation Analysis

The present study attempts a quantitative assessment of the impact of recently signed ASEAN-India FTA (AIFTA) for selected plantation commodities (coffee, tea and pepper) in India. Partial equilibri...

by C. Veeramani | On 20 Apr 2010

Vulnerability and Coping to Disasters: A Study of Household Behaviour in Flood Prone Region of India

This paper attempts to understand the various risks faced by households living in disaster prone regions of rural India and specifically examine the effectiveness of coping mechanisms adopted by ho...

by Unmesh Patnaik | On 12 Apr 2010

Implementation of Monetary Policy in India

How does the Reserve Bank of India implement monetary policy? The objectives and framework of monetary policy, as they have evolved, the operational aspects of monetary policy have been discussed. Th...

by Deepak Mohanty | On 08 Apr 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

Graduating to Globalisation: A Study of Southern Multinationals

FDI by firms in developing countries is a recent phenomenon and demands a study of relationship between firm productivity and different modes of globalisation activities. This paper attempts to unde...

by Dilek Demirbas | On 16 Feb 2010

Revisiting the Need of Improved Stoves: Estimating Health, Time and Carbon Benefits

This study generates some evidence on the costs and benefits of a particular indoor air pollution control initiative. The study is based on a survey of 400 households in Rasuwa district, Nepal,

by Min Bikram Malla Thakuri | On 02 Feb 2010

Third Quarter Review of Monetary Policy 2009-10

The Reserve Bank has pursued an accommodative monetary policy beginning mid-September 2008 in order to mitigate the adverse impact of the global financial crisis on the Indian economy. The measures ta...

by D Subbarao | On 29 Jan 2010

Measures of Inflation in India: Issues and Perspectives

A review of the various primary measures of inflation with a particular reference to the divergence between WPI and CPI. Focus is also given on different secondary (derived) measures of inflation, par...

by Deepak Mohanty | On 21 Jan 2010

Market-Based Approaches to Environmental Management: A Review of Lessons from Payment for Environmental Services in Asia

Market-based approaches to environmental management, such as payment for environmental services (PES), have attracted unprecedented attention during the past decade. PES policies, in particular, hav...

by Bhim Adhikari | On 20 Jan 2010

Pro-Poor Growth: Illusions of Marriage and Divorce?

This note seeks to show that the debate on ‘Pro-Poor Growth’ is sterile and largely academic with few policy insights.

by Suryanarayana M H | On 15 Jan 2010

Bihar’s Miraculous Economic Performance: Myth or Reality?

The Indian media has wrongly compared Bihar's (that is, 11.03per cent) average annual growth during the period 2004-05 to 2008-09 with that of Gujarat (that is, 11.05per cent). While the media has quo...

by Shambhu Ghatak | On 14 Jan 2010

Obstacles to Private Power Investments in India

This paper aims to highlight the critical importance of cost recovery in attracting and sustaining private investment for power development. Based on a brief review of Indian experience, it suggests...

by Vishvanath V. Desai | On 24 Dec 2009

Mobile Commerce, Mobile Banking - The Emerging Paradigm

What is m-banking, Basic characteristics of m-commerce/e-commerce, Evolution of electronic financial services (e-banking/e-commerce/m-banking/m-commerce), Role of non-banks in Indian Payment Scenario....

by Chakrabarty K C | On 14 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

Valuing the Land of Tigers – What Indian Visitors are Willing to Pay

The study uses an assessment of visitors’ travel costs to estimate the annual recreational value of the Sundarban. It calculates this to be at least INR 15 million (US$ 377,000) for domestic visitor...

by Indrila Guha | On 27 Nov 2009

Statistical Trends in Pharmaceutical Research for Poor Countries

Introducing patent rights in developing country markets might stimulate greater R and D investment targeting their specific health needs – areas long neglected. This paper examines this argument using...

by Jean O Lanjouw | On 26 Nov 2009

Effects of Court Errors on Efficiency of Liability Rules: When Individuals are Imperfectly Informed

The aim of this paper is to study the effects of court errors in estimating the harm, on the parties' behaviour regarding the levels of care they take, and their decision to buy the information about...

by Ram Singh | On 17 Nov 2009

Can Public Private Partnership reduce Maternal Mortality? Assessing Efforts Made by the ‘Chiranjeevi’ Scheme in Gujarat

The Chiranjeevi Yojna is considered to be a successful PPP model and has also received a prestigious Asian Innovations Award by the Wall Street Journal. It is a flagship scheme of the Gujarat state mi...

by Akash Acharya | On 13 Nov 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

Engaging Communities to Improve Health and Nutrition Outcomes: The Role of Community Volunteers in INHP

INHP adopted a multiple volunteer per village model, with one volunteer serving the immediate neighborhood of about 20-30 households to rationalize volunteer workloads and to ensure cultural compatibi...

by CARE India | On 09 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

Coping with Rising Food Prices: Policy Dilemmas in the Developing World

Rising food prices cause considerable policy dilemmas for developing country governments. Letting domestic prices adjust to reflect the full change in international prices generates inflationary pres...

by Nora Lustig | On 09 Oct 2009

Kerala Fights Clock in ASEAN Free-Trade Deal

The paper discusses the impacts of free-trade policy on the agricultural exports of Kerala.

by Ranjit Devraj | On 08 Oct 2009

Civil War: A Review of Fifty Years of Research

A review of several decades of scholarship on civil war, focusing on the answers to key questions: Why do wars begin? Who fights? How are armed groups organized? How can we end and prevent internal wa...

by Christopher Blattman | On 05 Oct 2009

Size, Efficiency and Financial Reforms in Indian Banking

The study seeks to answer two very basic questions in the Indian context: first, are there economies of scale and scope in Indian banking? In other words, are bigger banks better for India? And, se...

by Pradeep Srivastava | On 23 Sep 2009

A Social Cost Approach to Choice at Technology in Building Construction: A Study of Some Alternative Technologies in Kerala

This paper is an attempt to apply the technique of social cost - benefit analysis to the problem of choice of technology in building construction in Kerala. [WP No. 30].

by K P Kannan | On 21 Sep 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

Equity for Open-Access Journal Publishing

Open access journal publishing is currently at a systematic disadvantage relative to the traditional subscription-based journal publishing. A simple, cost effective remedy to this inequity is propose...

by Stuart M. Shieber | On 31 Aug 2009

An Analysis of Household's Tobacco Consumption Decisions: Evidence from India

The consumption patterns, socio-economic distribution and the household choice of a variety of tobacco products across rural and urban India are analyzed. Using a Multinomial Logit Model, the choice...

by Rijo M John | On 19 Aug 2009

Analyzing Industrial Water Demand in India: An Input Distance Function Approach

This study investigates the water demand of Indian manufacturing plants. It adopts an input distance function approach and approximates it by a translog form. Duality between cost function and input d...

by Surender Kumar | On 17 Aug 2009

A Glimpse of the Tiger: How Much are Indians Willing to Pay for It?

The recreational demand for the Indian Sundarban, which is a World Heritage site and a complex mangrove ecosystem that borders India and Bangladesh is estimated. Two alternative methodologies exist f...

by Indrila Guha | On 13 Aug 2009

The Behavioral Equivalence of Organizational Culture

This paper presents findings from an extensive review of literature on organizational cultural (OC) and highlights the relevance of OC with respect to individual, organizational, intra-organizational...

by Indu Rao | On 10 Aug 2009

Assets and Poverty Traps in Rural Bangladesh

This paper applies Carter and Barrett’s theory of assets poverty traps to a unique longitudinal survey from rural Bangladesh. Non-parametric and parametric methods are used to examine the shape of the...

by Agnes Quisumbing | On 06 Aug 2009

Determinants of Fuelwood Use in Rural Orissa: Implications for Energy Transition

This study examines household behaviour related to fuelwood collection and use. The focus is on identifying the behavioral transition of fuelwood-using households from collection to purchase. The st...

by ARABINDA MISHRA | On 29 Jul 2009

Human Development Index for Andhra Pradesh

The method used to measure Human Development are reviewed in order to measure Human Development Index for rural AP by considering indicators such as economic attainment, longevity and education. The e...

by Jatinder S Bedi | On 07 Jul 2009

Key Features of Budget 2009-2010

Key features of budget presented by the Finance Minister

by Pranab Mukherjee | On 06 Jul 2009

Emerging Contours of Financial Regulation: Challenges and Dynamics

The paper attempts to analyse the emerging contours of regulation of financial institutions with an emphasis on the emerging challenges and dynamics. [Paper prepared for Financial Stability Review of...

by Rakesh Mohan | On 29 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

Measuring Inflationary Pressure in Bangladesh: The P-Star Approach

The paper estimates the P* model for Bangladesh economy and test its forecasting ability through generating recursive forecasts. The empirical result shows that the model performs relatively well and...

by Mustafa. K. Mujeri | On 27 Jun 2009

Sources of FDI Flows to Developing Asia: The Roles of Distance and Time Zones

This paper investigates sources and determinants of foreign direct investment (FDI) flows to developing Asia using bilateral FDI flows for the period 1990-2005. With regard to the determinants of FDI...

by Rabin Hattari | On 27 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

Employment Promoting Growth in Bangladesh: Monetary and Financial Sector Issues

Although economic growth has improved in recent years in Bangladesh, the better economic performance has not translated into satisfactory poverty reduction. The type of growth that matters Bangladesh...

by Mustafa. K. Mujeri | On 15 Jun 2009

Construction and Validation of ‘Science Culture Index’ Results from Comparative Analysis of Engagement, Knowledge and Attitudes to Science: India and Europe

Countries world-wide routinely collate statistics on STS performance indicators such as R&D expenditure, science publications, citations and impact, high-tech employment, and penetration of hightech g...

by Rajesh Shukla | On 12 Jun 2009

Database for Disease Burden Estimation Malaria, Filaria, Dengue & Diarrhoeal Diseases

The Report of the study is in two parts – Part A gives the findings of the literature survey, the limitations of the database and the data gaps for each infection; Part B is the annotated bibliography...

by Indian Council of Medical Research ICMR | On 05 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

An inquiry into the regulation of pharmaceuticals and medical practice in Sri Lanka

The study brings out several organizational, social, cultural and political constraints, which hinder effective implementation of regulations. Lack of human resources and skills, poor allocations, del...

by Nimal Attanayake | On 04 Jun 2009

Making the Punishment Fit the Crime or Taliban Justice? Optimal Penalties without Commitment

This paper argues that graduated penalties observed in most legal systems may be an attempt to direct law enforcement efforts towards crimes that are socially more harmful, thereby achieving better de...

by Parikshit Ghosh | On 03 Jun 2009

Liberalization with Endogenous Institutions: A Comparative Analysis of Agricultural Reform in Africa, Asia and Europe

Thirty years ago, a vast share of the poor and the middle income countries were heavily state-controlled. The effects of the liberalizations in the 1980s and 1990s differed strongly between regions in...

by Johan F.M. Swinnen | On 02 Jun 2009

Labor Force Participation among Indian Elderly: Does Health Matter?

The paper analyzes the effect of health status on labour force participation for aged Indians. The potential endogeneity in health and labour force participation has been taken care of by using full i...

by Manoj K Pandey | On 27 May 2009

Performance and Development Effectiveness of the Sardar Sarovar Project

The study was undertaken with the objective to review and analyse the costs and benefits of the Sardar Sarovar Dam at this stage, when efforts are being made to complete the last leg of the dam, rai...

by Tata Institue of Social Sciences TISS | On 26 May 2009

Book Review: Surgery Kills

Cutting For Stone by Abraham Verghese; Random House India; 2009, paperback, pp.542, Rs.595.

by Mohan Rao | On 23 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

Aids In India

This paper revolves around the Public health related aspects of industrial and intellectual property rights policies in a developing country with respect to Aids in India. It also focusses on its prev...

by Samira Guennif | 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

Regional Monetary Units for East Asia: Lessons from Europe

This paper reports the European experience with a basket currency, the ECU. The ECU was initially introduced as a reference unit and later became the anchor of the European Monetary System. Public pol...

by Girardin Eric | On 22 May 2009

Summary of the Welcome Remarks by Dr.Bimal Jalan, Governor, at the 11th C.D. Deshmukh Memorial Lecture

Dr. Bimal Jalan, Governor gave a welcome remark to Prof. Charles Goodhart on his 11th C. D. Deshmukh Memorial Lecture on 'Whither Central Banking ?' This paper revolves around Dr. Jalan's summary and...

by Dr Bimal Jalan | 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

Intellectual Property Protection And Technology Transfer The Case Of Overseas R & D

This paper investigates whether, in what direction, and to what extent one mode of technology transfer – namely, overseas R&D – is influenced by the strength of intellectual property protection that h...

by Sunil Kanwar | On 15 May 2009

Agricultural Impact of Climate Change: A General Equilibrium Analysis with Special Reference to Southeast Asia

Capitalizing on the most recent worldwide estimates of the impacts of climate change on agriculture production, this paper assesses the economic effects of climate change for Southeast Asian countries...

by Fan Zhai | On 01 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

Poverty, Undernutrition and Vulnerability in Rural India: Public Works versus Food Subsidy

This paper analyses the effects of access to Rural Public Works (RPW) and the Public Distribution System (PDS), a public food subsidy programme, on consumption poverty, vulnerability and undernutrit...

by Raghbendra Jha | On 27 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

Cities with Suburbs: Evidence from India

For a country like India that contains a large number of Urban Agglomerations (UAs), suburbanisation has drawn little attention of the literature. I focus on this sparsely studied issue in this work....

by Kala Seetharam Sridhar | On 20 Feb 2009

Addressing 'Stagdeflation' with Nouriel Roubini

Nouriel Roubini, professor of Economics at the Stern School of Business, New York University, christened Dr.Doom by the US business media, is not given to wearing rose coloured glasses. He does not se...

by Charles Krusen | On 24 Jan 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

Health Damage Cost of Automotive Air Pollution: Cost Benefit Analysis of Fuel Quality Upgradation for Indian Cities

An analysis of the economic implication of judicial activism of the apex court of India in the regulation of automotive air pollution is analysed. It estimates the health damage cost of urban air po...

by Ramprasad Sengupta | On 16 Jan 2009

Conflict in Cross Border Mergers: Effect of Firm and Market Size

This paper tries to analyze the interrelationship between possibilities of conflict in cross border mergers and acquisitions and firm and market characteristics in a two country three firm model. Th...

by Poonam Mehra | On 14 Jan 2009

Costs of Basic Services in Kerala, 2007, Education, Health, Childbirth and Finance (Loans)

The focus of this study is to analyze the pattern and costs of services in four areas, which critically affect most households in Kerala . The major concerns of this paper include answers to questio...

by Zachariah KC | On 12 Jan 2009

Consultation Paper on Review of Interconnection Usage Charge (IUC)

Written comments on the issues raised for consultation may please be furnished to Principal Advisor (FN), TRAI by 30th January, 2009. The comments may be sent in writing and also preferably be sent in...

by Telecom Regulatory Authority of India TRAI | On 08 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

Costs of Resource Degradation Externalities: A Study of Groundwater Depletion in Andhra Pradesh

This paper looks in to the process of environmental degradation and the resultant externalities in the context of groundwater depletion in drought prone regions. The main objective here is to estima...

by V. Ratna Reddy | On 08 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

Contemporary International and Domestic Banking Developments and the Emerging Challenges

A broad overview, from the Indian perspective, of the factors underlying the credit market crisis in the west, the implications of the crisis for the financial sector, lessons learnt from it, the var...

by Leeladhar V | On 25 Nov 2008

Semi-Feudalism and Perpetual Indebtedness

The implications of removing some of the restrictive assumptions of a model of semi-feudalism formulated by A.Bhaduri are examined. [WP no. 16].

by N. Krishnaji | On 10 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

The Role of Intellectual Property Rights in Information and Communication Technologies

The paper starts by recapitulating the basic arguments provided by economic theory to explain the existence of the patent system. The paper then concentrates on the three important ICT industries viz....

by C Niranjan Rao | On 30 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

Hobbes, Coase and Baliraja: Equity and Equality in Surface Water Distribution

It is attempted to understand the implications of equality in water distribution on social welfare with a simple abstract analysis using Leontief-type fixed production function.

by Sashi Sivramakrishna | On 16 Oct 2008

Early Warnings of Inflation in India

In India, year-on-year percentage changes of price indexes are widely used as the measure of inflation. In terms of monthly data, each observation of a one-year change in inflation is the sum of twelv...

by Rudrani Bhattacharya | 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

Structural Modeling under Challenge

It is interesting to note that nearly three decades of new paradigms in macroeconomic theory and policy have hardly gone beyond the ivory towers of the academic world. The extent to which a scientif...

by V. Pandit | On 28 Aug 2008

Another Look at Renewables on India’s Sagar Island

Much existing literature champions renewables implementation on India’s Sagar Island as an unqualified rural electrification success story. Photovoltaic (PV) and wind systems put in place by the West...

by Sam Shrank | On 25 Aug 2008

Impact of Proposed Commodity Transaction Tax

The relationship between trading activity, volatility and transaction cost using a three-equation structural model for five top selected commodities namely Gold, Copper, Petroleum Crude, Soya Oil and...

by Pravakar Sahoo | On 07 Aug 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

Are Fair Trade Labels Effective Against Child Labor?

In this paper, a model of North-South trade is developed to analyze the impact of a label certifying the absence of child labour in the export production of the South. [WP no 144].

by Jean Marie Baland | On 19 Jul 2008

Drug Development for Maternal Health Cannot Be Left to the Whims of the Market

The development of drugs for maternal health cannot be constrained by market-driven needs. What is needed is a political will.

by PLoS Medicine | On 16 Jul 2008

Sustainable Economic Growth for India

Use of Macroeconometric models has by now assumed a measure of universality as an unavoidable aid to forecasting and policy analysis; challenges and controversies spread over more than two decades not...

by V. Pandit | On 26 Jun 2008

Food Failures and Futures

The paper is an analysis of food aid, rising food prices and its implications.

by Laurrie Garrett | On 31 May 2008

Inflation: Sign and Symptom of Mismanagement

Inflation impacts on the social and political life and it is the poor who bear the consequences most. There can be no room for tardiness in taking measures to control inflation. [See synopses of par...

by Shambhu Ghatak | On 21 Apr 2008

Sins of Omission

The question today is whether all the issues that were neglected when things were going well, will now get due attention when we can see even more clearly what needs to get done.

by T.N. Ninan | On 19 Apr 2008

Risk, Informational Asymmetry and Product Liability: An Enquiry into Conflicting Objectives

Risky products cause two types of costs for society; the accident costs and the insurance costs. Liability rules allocate these costs between the parties involved. The expansion in the scope of produ...

by Ram Singh | On 14 Apr 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

India, Democracy and the Press

The impressive growth of the Indian media is largely taking place outside of the voting classes, ensuring that the media are not playing a significant public service role. Ultimately, the author sugge...

by James Mutti | On 11 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

West Bengal Budget 2008-09

Budget and Annual Financial Statement for the year 2008-09.

by West Bengal Government | On 25 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

Stagflation Cometh

The good times may be ending. There have been worries for years about the global imbalances caused by America’s huge overseas borrowing. America, in turn, said that the world should be thankful: by li...

by Joseph E. Stiglitz | On 17 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

Introducing the Railway Budget 2008-2009

Speech of Lalu Prasad

by Lalu Prasad | On 27 Feb 2008

Competitiveness of India's Manufacturing Sector: An Assessment of Related Issues

An analysis of the various parameters of manufacturing competitiveness of the Indian economy is provided. The paper notes that India is one of the leading producers and exporters of a number of commod...

by Lakshmanan L | On 19 Feb 2008

Union-Oligopoly Bargaining and Entry Deterrence:A Reassessment of Limit Pricing

This paper introduces wage bargaining in the framework of Milgrom and Roberts where the workers' reservation wage is the relevant information parameter critical for entry. The authors show that ent...

by Rupayan Pal | On 06 Feb 2008

Macro-economic Management of the Indian Economy: Capital Flows, Interest Rates and Inflation

The paper lays out a consistent frame work for monetary management in the context of excess capital inflows. There is an urgent need for developing competitive, open and well regulated markets for (...

by Arvind Virmani | On 24 Jan 2008

Book Review: Visualizing Children: Images and Imagination

Review of Erika Langmuir Imagining Childhood. New Haven: Yale University Press, 2006. 256 pp. Illustrations, notes, index. $55.00 (cloth), ISBN 978-0-300-10131-7.

by Loren Lerner | On 15 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

Bancassurance : A Feasible Strategy for Banks in India ?

The scope for bancassurance models as feasible source of sustainable income to banking sector is explored by exploiting the synergy in the context of India having the largest banking network on the on...

by Karunagaran A | On 27 Nov 2007

Fasten Your Seatbelts! Monetary Policy Challenges in Turbulent Times

One of the burning issues at the moment relates to increasing the “voice” or representation of emerging-market economies in international financial institutions such as the IMF and World Bank. There a...

by Mboweni T.T. | On 13 Nov 2007

Monetary Conditions Index for India

The authors attempt to construct a monetary conditions index (MCI) for India in order to take both interest rate and exchange rate channels simultaneously into consideration while evaluating the stanc...

by Kannan R | On 08 Nov 2007

Customer Centricity and the Reserve Bank

The Reserve Bank, as the regulator of the banking sector, has been actively engaged, from the very beginning, in the review, examination and evaluation of customer service in the banks. It has been re...

by Leeladhar V | On 26 Oct 2007

Enhancing Rural Livelihoods

The Overseas Development Institute in the UK recently carried out a study on ICT for rural livelihoods, commissioned by InfoDev. The study included a literature and donor review in collaboration with...

by Paul Matthews | On 26 Oct 2007

Recent Financial Market Developments and Implications for Monetary Policy

The nature of the financial turbulence that happened recently in US and Europe, why it happened, where it happened, and the implications for central banks. Some of the forces that led up to and charac...

by Rakesh Mohan | On 12 Oct 2007

Elements of Effective Central Banking: Theory, Practice, and History

The key elements of effective central banking that account for much of the improvement in monetary policy around the world today are outlined and explained. The past quarter of the century has been a...

by Marvin Goodfriend | On 09 Oct 2007

Periurbanisation in Tamil Nadu: A Quantitative Approach

This paper is an attempt to measure the extent of peri-urbanisation that has taken place in TamilNadu. Geographical data is used based on the 1991 census for TamilNadu and Pondicherry. A systematic e...

by Sébastien Oliveau | On 04 Oct 2007

The Indian Economic Journal, January 2007

CHIUNG-JU HUANG : Wagner's Law : Empirical Evidence for China and Taiwan CHIAO-YI CHANG, CHING-FU CHEN AND I-YUAN CHUANG : Does Asian Financial Crisis Change Price Co-Movements in East Asia. G. RAM...

by Department of Economics DoE, Allahabad University | On 01 Oct 2007

Broadcast Bill: Content Code

The Ministry expects that putting such a code in place will have the following important positive impact, among others. • The public will be provided with a mechanism through which they can voice t...

by Ministry of Information and Broadcasting MIB | On 16 Sep 2007

Educational Policy and the Economics of the Family

The implications of alternative ways to model decisionmaking by families for educational policy are analysed. Many of the policy implications associated with credit constraints cannot be distinguished...

by Abhijit Banerjee | On 11 Sep 2007

Can Horticulture be a Success Story for India?

In spite of being one of the largest producers of fruits and vegetables in the world, the export competitiveness among the Indian producers remains low. But with new marketing initiatives, the post-ha...

by Surabhi Mittal | On 24 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

Pesticide Use in the Rice Bowl of Kerala: Health Costs and Policy Options

The pesticide use in Kuttanad, India, an ecologically sensitive area often referred to as the rice bowl of Kerala is examined. Using primary data collected from pesticide applicators and farm labor, t...

by Indira Devi P | On 17 Aug 2007

Dowry and Property Rights

Modernisation necessarily leads to the emergence of dowry as a direct transfer to the groom ("groom-price"). The historical instances of dowry can be classified according to the schema implied by the...

by Siwan Anderson | On 31 Jul 2007

First Quarter Review of the Annual Policy Statement on Monetary Policy for the Year 2007-08

*Bank Rate kept unchanged *Cash Reserve Ratio to be increased by 50 basis points to 7.0 per cent with effect from the fortnight beginning August 4, 2007 *GDP growth projection for 2007-08...

by Y V Reddy | On 31 Jul 2007

Intellectual Property and Access to Medicines

This report analyzes the ITRIPS agreement. It discuses the problems and stakes, and consequences of this agreement. The report also provides case studies related to the topic and finally gives a sugge...

by Andrea Onori | On 21 Jul 2007

Trade Policy and Urban-Rural Inequalities In LDCS: A Simulation Experiment With A New Economic Geography Model

This paper follows the new economic geography approach to model the relationships between trade policy and spatial agglomeration of production in the context of a small open developing economy. It c...

by Ayele Gelan | 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

The Trade-Off Among Carbon Emissions, Economic Growth and Poverty Reduction in India

This study examines the consequences of a) a domestic carbon tax policy, and, b) participation in a global tradable emission permits regime on carbon emissions, Gross Domestic Product (GDP), and pover...

by Vijay Prakash Ojha | On 07 Jul 2007

Cost and Productivity in Indian Textiles: Post MFA Implications

With the Multi Fibre Agreement (MFA) expiring on 1st January 2005, the competition in textile and clothing industry is likely to increase. The paper finds an inverse relationship between the unit cost...

by Danish A Hashim | On 15 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

Last Chance to Save the Planet! IPCC Report and After

The message from the IPCC Reports is simple: climate change must be tackled immediately in order to save the planet. And it will not cost the earth to do so. In the months to come all nations will be...

by D. Raghunandan | On 11 Jun 2007

Ethics in Organizations: The Case of Tata Steel

The concern for ethical decision-making among the regulators, social groups and managers has substantially increased since failure of some of the prominent business organizations like Shell and Enron...

by Sunil Kumar Maheshwari | On 30 May 2007

On The Distributional Consequences Of Child Labor Legislation

A dynamic heterogeneous agent general equilibrium model is constructed to quantify the effects of child labor legislation on human capital accumulation and the distribution of wealth and welfare. Cruc...

by Dirk Krueger | On 23 May 2007

Lesons Government Failure: Public Goods Provision and Quality of Public Investment

This paper focuses on government investment and expenditure policies. Going beyond the growth experience, the author also tries to relate the policy experience to the issues of aggregate poverty, in...

by Arvind Virmani | On 25 Apr 2007

India's Informal Trade With SriLanka

The study is based on an extensive survey carried out in the Indian cities of Chennai, Trichy, Thiruvananthapuram, Tuticorin, Mumbai and Rameshwaram. Informal trade between India and Sri Lanka is larg...

by Nisha Taneja | On 19 Apr 2007

Public Investment and Agricultural Productivity: A State-wise Analysis of Foodgrains in India

The main objective of the study is to examine the long-run relationship between public investment and foodgrain productivity across the fifteen major states of India. The analysis is confined to the p...

by Shyjan D | On 19 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

Transaction Costs and Institutional Innovation: Sustainability of Tank Aquaculture in Sri Lanka

Freshwater community-based aquaculture was introduce to village irrigation tanks in the dry zones of Sri Lanka in order to off-set the limited supply of animal protein available to residents in inla...

by Athula Senaratne | On 17 Feb 2007

Paying Out-of-Pocket for Health Care in Asia: Catastrophic and Poverty Impact

Out-of-pocket (OOP) payments are the principal means of financing health care throughout much of Asia. The paper describe the magnitude and distribution of OOP payments for health care in 14 countrie...

by Eddy van Doorslaer | On 06 Feb 2007

Medico Friend Circle Bulletin, 316-317, April-June 2006

Contents: Impressions from a Rural Laboratory - Jan Swasthya Sahyog Surgical Care for Rural India – A Perspective - George Mathew Excessive Use of Screening and Diagnostic Tests - Anant Phadke ...

by Medico Friend Circle | On 01 Feb 2007

Globalisation and Health

This paper, one among a series for the Jan Swasthya Abhiyan addresses the issue of the impact of globalisation on health. How has globalisation affected different countries and who are the winners an...

by Jan Swasthya Abhiyan | On 25 Jan 2007

Anthropology in the Clinic: The Problem of Cultural Competency and How to Fix It

Cultural competency has become a fashionable term for clinicians and researchers. Yet no one can defi ne this term precisely enough to operationalize it in clinical training and best practices....

by Arthur Kleinman | On 10 Jan 2007

Organisational Morphology of Rural Industries in Liberalised India: A Study of West Bengal

Recent interest on rural industries derives from recognition of the limits of agriculture and organised manufacturing sector in employment generation especially during the post-liberalisation period...

by Dibyendu S. Maiti | On 19 Dec 2006

Causality and Error Correction in Markov Chain: Inflation in India Revisited

The present paper proposes certain statistical tests, both conceptually simple and computationally easy, for analysing state-specific prima facie probabilistic causality and error correction mechani...

by N. Vijayamohanan Pillai | On 19 Dec 2006

Economic Causes of Tropical Deforestation - A Global Empirical Application

The paper investigates the complex system of causes affecting tropical deforestation at a worldwide level. There is no generally accepted theory in the deforestation literature to indicate which varia...

by Silviu S. Scrieciu | On 27 Nov 2006

Midterm Review of Annual Policy Statement for the year 2006-07

* Repo Rate increased to 7.25 per cent from 7.0 per cent. * The flexibility to conduct overnight repo or longer term repo including the right to accept or reject tender(s) under the LAF, wholl...

by Reserve Bank of India | On 31 Oct 2006

Are we there yet? The deferral of justice and the promise of human rights

Utilizing the critical theory of Drucilla Cornell and Costas Douzinas, and looking back to the utopianism of Ernst Bloch, the paperI offers an argument that acknowledges the limits of the law and th...

by Narnia Bohler-Muller | On 28 Jul 2006

WCD Thematic Papers I.1: Contributing Paper: Dams and Benefit-Sharing

Historically, hydropower developed in the early 1900s as a local activity with small projects supplying local communities and industry: projects had local impacts and provided local benefits. As dams...

by Joseph Milewski | On 03 Jun 2006

Integrating poverty reduction in IMF-World Bank Models

This paper outlines the Fund-Bank analytical frameworks and presents a critical appraisal indicating the importance of both demand and supply constraints in the countries undertaking Fund adjustment p...

by Brigitte Granville | On 27 Apr 2006

The Role of Price and cost Competitiveness in Apparel Exports, post MFA: A Review

Global outsourcing, technical change, and falling barriers to trade worldwide have transformed the structure of production and global competition in the textile and apparel industry. This sector has...

by Meenu Tiwari | On 20 Apr 2006

Medico Friend Circle Bulletin, 315, February-March 2006

Wishing away a Condition: Issues of Concern in the Control and Treatment of Leprosy - Jan Swasthya Sahayog(JSS) How to Count the Poor Correctly versus Illogical Official Procedures - Utsa Patnaik...

by Medico Friend Circle | On 04 Mar 2006

The Economic Costs of the Iraq War: An Appraisal Three Years After the Beginning of the Conflict

Many aspects of the Iraq venture have turned out differently from what was purported before the war: there were no weapons of mass destruction, no clear link between Al Qaeda and Iraq, no imminent dan...

by Linda Bilmes | On 25 Feb 2006

The Social Cost of Foreign Exchange Reserves

There has been a very rapid rise since the early 1990s in foreign reserves held by developing countries. These reserves have climbed to almost 30 percent of developing countries' GDP and 8 months of i...

by Dani Rodrik | On 27 Jan 2006

Real Sector Shocks and Monetary Policy Responses in a in a financially vulnerable Emerging Economy

When analyzing the appropriate response for monetary policy during a currency crisis it is important to keep in mind two distinct channels: (a) the impact of raising interest rates on exchange rates...

by Ramkishen S. Rajan | On 27 Jan 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

Medico Friend Circle Bulletin, 312, August - September 2005

Contents Good Practices of the “Good Practice Study”! - Dhruv Mankad 1 Disbanding the CGHS 4 Involving Self-Help Groups in Reproductive Health - Rajani Ved 9 Women’s Narratives from Kashmir-3 - Za...

by Medico Friend Circle | On 20 Jan 2006

Elementary Education: Rising Expenditure, Poor Quality: Book Review

Review of 'The Economics of Elementary Education in India: The Challenge of Public Finance, Private Provision and Household Costs' edited by Santosh Mehrotra; Sage, New Delhi; 2005, pp.328.

by P. Geetha Rani . | On 20 Jan 2006

Inflation Targeting Arrangements in Asia: Exploring the rate of the Exchange rate

Since the Asian crisis it has been recognized that exchange rate and monetary policy strategies must involve a “fairly high” element of flexibility rather than a single-minded defense of a particular...

by Ramkishen S. Rajan | 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

Pharmaceuticals, WTO/TRIPs and Women

This paper looks at the effects of WTO/TRIPS and pharmaceuticals on women. The focus is on the poor and women. The first part of the paper tries to show the linkages between the idea of intellectual p...

by S Srinivasan | On 27 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

I G.Patel: Qua Economist and Policy Maker

In tribute, a brief note on the rich intellectual trajectory described by I. G. Patel

by Deena Khatkhate | On 28 Sep 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

Medico Friend Circle Bulletin, 312, August-September

Good Practices of the “Good Practice Study”! - Dhruv Mankad 1 Disbanding the CGHS --p 4 Involving Self-Help Groups in Reproductive Health - Rajani Ved -- p9 Women’s Narratives from Kashmir-3 - Zamr...

by Anonymous | On 30 Aug 2005

Medico Friend Circle Bulletin 310, April-May 2005

Medico Friend Circle, April-May 2005, featuring Background papers for annual Theme Meet on Quality and Cost of Health Care

by Anonymous | On 24 Aug 2005

Why Do Governments Lack “Political Will”? An Explanation

This paper proposes “lack of political will” as the most important reason why a ruling political party is unable to commit itself to economically efficient choices or policies. The notion of political...

by Ajit Karnik | On 19 Aug 2005

NPPA-Procedures for Bulk Drug Price Fixation, DPCO 1995

Procedures for fixing of prices of bulk drugs

by Anonymous | On 10 Aug 2005

The IMF in a World of Private Capital Markets

The IMF attempts to stabilize private capital flows to emerging markets by providing public monitoring and emergency finance. In analyzing its role we contrast cases where banks and bondholders do the...

by Barry Eichengreen | On 05 Aug 2005

Abortion Costs and Financing: A Review

A short review of the cost of acccessing abortion services and how women finance these costs.

by | On 05 Aug 2005