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3rd Urban Economy Forum 2021:The Brampton Resolution

The 3rd Urban Economy Forum is one of the world’s most premier urban gatherings on sustainable urban economies and urban management. The collaborative approach for collective action taken by the organ...

by | On 07 Jan 2022

Supporting the creative economy for sustainable development in Southeast Asia

The creative economy has the potential to not only strengthen the expansion of global value chains, increase digital adoption among creative small and medium-sized enterprises (SMEs), fuel the export...

by Pitchaya Sirivunnabood | On 10 Sep 2021

Housing for All: A Goal Achievable by 2030

Urban Economy Forum 2020 echoes the global call for affordable housing for all. With over 1.8 billion people living in slums and informal settlements globally, the question remains, when will we be ab...

by Alex Venuto | On 07 Nov 2020

Envisioning Urban Economy in Uncertain Times

A major output of Urban Economy Forum is the Regent Park World Urban Pavilion by UN-Habitat (The Pavilion), a collaboration between the Urban Economy Forum, UN-Habitat and the Government of Canada. Th...

by | On 20 Oct 2020

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

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

by Ila Patnaik | On 08 Oct 2020

Business Standard Weekend Ruminations: The market as weapon: What China has long exploited India has rarely used

Opening up India's market to neighbouring countries can be as strategic as access denial to others. The game should be played both ways, even if it upsets domestic business lobbies.

by T.N. Ninan | On 16 Aug 2020

Introduction: Political Journeys in Health - Essays by and for Amit Sengupta

Understanding science is the only way to understand the microbe—SARS-CoV-2—and what it does to our bodies. Fighting a pandemic requires a well-functioning public health system. The crisis created by...

by | On 20 Jul 2020

Real is radical: Drop subsidies, offer basic minimum income to farmers

You could run a sensible subsidy and price support system at a fraction of today's cost, and still have enough money left over to offer a more generous income support to all farmers.

by T.N. Ninan | On 02 Jun 2020

Emerging Markets Perspectives on G-20 led Financial Reforms

The chapter examines progress as well as continuing concerns in G-20 led financial reforms, with particular emphasis on emerging markets (EMs). Although risks remain they are of a lower order of magni...

by Ashima Goyal | On 25 Apr 2019

The Political Economy of Gender Budgeting: Empirical Evidence from India

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

by Lekha Chakraborty | On 02 Apr 2019

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

The Rise of the People’s Republic of China and its Competition Effects on Innovation in Japan

This paper empirically examines the “defensive innovation” hypothesis that firms with higher exposure to low-wage economy import competition intensively undertake more innovative activity by using a h...

by Nobuaki Yamashita | On 01 Apr 2019

How to Modernise the Working of Courts and Tribunals in India

Indian courts are clogged with large backlogs. Part of the reason for the problem is that cases take a very long time to move through the courts. It slows progress of court cases is harmful for the In...

by Pratik Dutta | On 30 Mar 2019

Economics and the Ecosystem

The essays collected here grapple with different aspects of what, if natural scientists are to be believed, is the most profound set of issues humanity has ever faced. The United Nations Framework Con...

by World Economics Association | On 29 Mar 2019

Environmental Governance and Environmental Performance

Along with the continuous development of the global economy, environmental deterioration has been widely recognized as a pressing issue nowadays, bringing environmental governance to the forefront of...

by Chun-Ping Chang | On 28 Mar 2019

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

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

by Roy Bahl | On 07 Mar 2019

The Anomaly of Women’s Work and Education in India

This paper utilizes a large cross-section of data sets such as the ILOSTAT, NSSO Quinquennial Employment and Unemployment Survey, Labour Bureau Annual Employment and Unemployment Survey, National Fami...

by Surbhi Ghai | On 03 Feb 2019

International Monetary Affairs in the Inter War Years: Limits of Cooperation

There were intensive efforts at monetary cooperation in the interwar years to overcome the imbalances accumulated during the war years to reduce the rate of inflation, reduce the rate of unemployment...

by Manmohan Agarwal | On 01 Feb 2019

Changing Structure of Employment in Indian States

The study attempts a comparative assessment of the changing employment situation in major Indian states, measured in terms of worker-population ratios and the distribution of workers into status group...

by A.V. Jose | On 01 Feb 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

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

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

E-Education in the Philippines: The Case of Technical Education and Skills Development Authority (TESDA) Online Program (TOP)

Education and training for productive employment play a crucial role in the social and economic plans of a developing country like the Philippines. Technical and vocational education and training (TVE...

by Madeline Dumaua-Cabautan | On 30 Aug 2018

E-Education in the Philippines: The Case of Technical Education and Skills Development Authority Online Program

Education and training for productive employment play a crucial role in the social and economic plans of a developing country like the Philippines. Technical and vocational education and training (TVE...

by Madeline Dumaua-Cabautan | On 30 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

Deriving Macroeconomic Benefits from Public–Private Partnerships in Developing Asia

This paper develops a framework identifying channels through which economic gains can be derived from PPP arrangement. The framework helps derive an empirically tractable specification that examines h...

by Minsoo Lee | On 11 Aug 2018

Portfolio Composition and Valuation Effects in Emerging Market Economies

Gross capital inflows and outflows to and from emerging market economies (EMEs) have witnessed a significant increase since early 2000s. This rapid increase in these flows accompanied by sharp rise in...

by Ashima Goyal | On 25 Jul 2018

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

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

by Naoyuki Yoshino | On 19 Jul 2018

The Economics of Releasing the V-band and E-band Spectrum in India

The paper begins with a brief overview of the characteristics of the bands. After that, it presents a review of the approaches different countries have taken while releasing this spectrum, and a secti...

by Suyash Rai | On 20 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

The Impact of Monetary and Tax Policy on Income Inequality in Japan

This paper assesses the effects of the most recent monetary policy behavior of the Bank of Japan (BOJ) (in particular, zero interest rate policy and negative interest rate policy) and Japanese tax pol...

by Farhad Taghizadeh-Hesary | On 09 Jun 2018

Financial Inclusion, Regulation, Financial Literacy and Financial Education in Armenia

Financial inclusion has significantly advanced in Armenia during the last decade. Rural and urban areas, however, have benefited unevenly. The high cost of providing financial services, the lack of ph...

by Armen Nurbekyan | On 07 Jun 2018

People’s Inquest into Thoothukudi Firings

A coalition of civil society organisations in Tamil Nadu titled, ‘Coordinating Committee for People’s Inquest into Thoothukudi Police Firing’ organised a People’s Inquest (PI) on June 2-3, 2018 at Tho...

by Environment Justice Matters (EJM) | On 05 Jun 2018

Economic Policy for Artificial Intelligence

Recent progress in artificial intelligence (AI) – a general purpose technology affecting many industries - has been focused on advances in machine learning, which we recast...

by | On 30 May 2018

Financial Inclusion: Indian Initiatives in the Global Perspective

This comprehensive paper attempts to critically evaluate the initiatives taken by India through the Reserve Bank of India in achieving financial inclusion and the efforts made...

by | On 28 May 2018

Skill Development and Productivity of the Workforce

Skill development is an important driver to address pov - erty reduction by improving employability, productivity and helping sustainable enterprise development and in - clusive growth. It facil...

by A Srija | On 28 May 2018

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

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

by | On 11 May 2018

World Economic Outlook, April 2018: Cyclical Upswing, Structural Change

The global economic upswing that began around mid-2016 has become broader and stronger. This new World Economic Outlook report projects that advanced economies as a group will continue to expand above...

by International Monetary Fund [IMF] | On 08 May 2018

Does Export Intensity Affect Firm Performance? Evidence from Basic Metal Industry in India

With technological advancement, the world has shrunk in the form of a ‘global village’. Acknowledging this fact, the main question of this study is going to be: whether...

by | On 08 May 2018

The Future of the Indian Workforce: A New Approach for the New Economy

India is at a crossroads. It has the largest young workforce anywhere in the world, and is the fastest growing economy today. At the same time, the economy is not creating enough jobs, and therefore n...

by Samir SARAN | On 27 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

Understanding Well-Being: An Indian Experience

Book Review of Sociology of Well-Being: Lession from India. by Steve Derne Sage India, 2017, Rs.850 INR, (Harcover) Pp.xv+327, ISBN: 9789385985720

by Kishor Podh | On 24 Apr 2018

Engines without Drivers: Cities in India’s Growth Story

It is now almost axiomatic that cities are the engines of growth. Historically, federal support programmes have focused on rural areas, but over the past fifteen years, the need to devise such progra...

by | On 13 Apr 2018

Asian Development Outlook (ADO) 2018: How Technology Affects Jobs

The economic growth outlook for developing Asia remains vibrant. Asian Development Outlook 2018 foresees continued momentum after growth accelerated to 6.1% in 2017. The region is expected to ex...

by Asian Bank | On 12 Apr 2018

Thailand”s Seafood Slaves: Human Trafficking, Slavery and Murder in Kantang’s Fishing Industry

This report recalls and builds on the recommendations made in EJF’s 2015 report Pirates and Slaves.

by Environmental Justice Foundation (EJF) | On 10 Apr 2018

STRUCTURAL CHANGE IN THE INDIAN ECONOMY

We analyse the evolution of the Indian economy over the past six decades, particularly identifying structural breaks. We find that usually there has been a gradual change in the indicators of the ec...

by Manmohan Agarwal | On 09 Apr 2018

MGNREGS: POLITICAL ECONOMY, LOCAL GOVERNANCE AND ASSET CREATION IN SOUTH INDIA

MGNREGS, the premier centrally-sponsored national rural livelihood scheme, is one of the most elaborately designed and implemented public workfare programmes in India. While a large number of studi...

by Vinoj Abraham | On 05 Apr 2018

ICT investment and economic growth in India: An industry perspective

The role of information and communication technologies (ICT) in driving economic growth has been well established in the literature. By reducing communication and transaction costs, and improving the...

by K L Krishna | On 04 Apr 2018

Characteristics of the Workers in the Urban Informal Sector of Pakistan

The informal sector is widely considered as a crucial segment of the economy, whose mere presence convince the policy-maker to reorient the development strategy to promote jobs and equity.

by A. R. Kemal | On 02 Apr 2018

Changing Task Contents of Jobs in India: Implications and Way Forward

In this paper, we analyse the evolution of the task content of jobs in India between 1983 and 2011. Following standard literature, we calculated five task intensities by combining NSS data with O-Ne...

by | On 28 Mar 2018

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

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

by Zafar Iqbal | On 28 Mar 2018

Drinking Water and Well Being in India: Data Envelopment Analysis

The study examines the use of Data Envelopment Analysis (DEA) for the estimation of the well being from drinking water using ‘commodities and capabilities’ approach. DEA uses the general purpose li...

by | On 22 Mar 2018

Towards a Green Public Bank in the Public Interest

Four decades of neoliberal market fundamentalism and its relentless assault on the public sector and our understandings of publicness have generated a profound crisis of social reproduction and envi...

by | On 21 Mar 2018

Underground Economy and Tax Evasion in Pakistan: A Critical Evaluation

The paper says that the tax evasion refers to all the illegal actions taken to avoid the lawful assessment of taxes.

by M. Ali Kemal | On 21 Mar 2018

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

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

by Lekha Chakraborty | On 19 Mar 2018

Strategies to Make Last-mile Energy More Inclusive: Examples from India

Sustainable access to energy has the power to catalyze social and economic development and promote better educated, healthier, more productive and resilient communities. Yet many families across th...

by | On 16 Mar 2018

India: the next superpower ?: The Untold Story of India's Economy

As India looks towards further liberalisation, it must fi rst prepare its economic institutions by re-orienting them from managing the economy to regulating the economy. Without an enhancement of re...

by | On 16 Mar 2018

New Series of National Accounts Better Estimation or Over Estimation?

Revision in the estimates of domestic product (GDP) is a continuous process. Availability of more update data and changes in methodology which enlarges the access of data are the two factors which res...

by M. C. Singhi | On 16 Mar 2018

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

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

by S.K. Sasikumar | On 12 Mar 2018

Budget 2018: Maharashtra Budget Speech Part 1

Budget speech of the Finance Minister of Maharashtra.

by Sudhir Mungamtiwar | 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

Business Cycle Measurement in India

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

by Radhika Pandey | On 03 Mar 2018

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

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

by K.K. George | On 28 Feb 2018

Impact of Rupee Appreciation on Non-Resident Malayalees

The study notes that continued appreciation of the rupee can weaken the competitive advantage of NRMs in the labour markets abroad. It can reinforce the already existing trend of decline in emigration...

by K.K. George | On 27 Feb 2018

Labour Dynamics and Social Security in Leather-based Enterprises in Mumbai and ShanghaiA Preliminary Background Study

The advent of Globalization has led to profound transformation in the global economy in terms of policy paradigms, growth trajectories and developmental strategies of governance, in the advanced eco...

by | On 26 Feb 2018

Fringe Lives A Study of a Slum in Patna

The research says that urbanisation is considered to be a sign of economic development of a particular country.

by Rahul Jambhulkar | On 23 Feb 2018

State Level Fiscal Reforms in India: Some Core Issues

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

by K.K. George | On 15 Feb 2018

Factors Affecting the Academic Achievement: A Study of Elementary School Students of NCR Delhi, India

The foremost aim of the study was to investigate and analyze the relationship of General Mental Ability, Interest and home environmentwith Academic Achievement.Methods:The participants were 110 stude...

by | On 12 Feb 2018

Empowerment of Dalits and Adivasis: Role of Education in the Emerging Economy

Well friends, let me begin by narrating a short story. In the Indian epic Mahabharata, dated around one thousand B.C., there is a celebrated fable about Ekalavya, an Adivasi boy; some of you will cer...

by | On 06 Feb 2018

Union Budget 2018: Budget Speech

Speech of Arun Jaitley, Minister of Finance on February 1, 2018

by Arun Jaitley | On 01 Feb 2018

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

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

by Arun Jaitley | On 31 Jan 2018

Green Paper on Farmers, Farming and Rural Economy: 4 Years… 4 Budgets: What has this Central Government Delivered?

most of the major policy measures promised by this government to the Indian farmers have not seen the light of the day. No social security measures have been taken for farmers above the age of 60 or...

by ASHA Kisan Swaraj Alliance | On 31 Jan 2018

A New, Exciting Bird’s-Eye View of the Indian Economy Through the GST

Data on the international exports of states (the first in India’s history) suggests a strong correlation between export performance and states’ standard of living. India’s exports are unusual in tha...

by Arun Jaitley | On 30 Jan 2018

Economic Survey 2017: Volume I, Chapter 1: State of the Economy: An Analytical Overview and Outlook for Policy

The GST Council offers a model “technology” of cooperative federalism to apply to many other policy reforms. Over the medium term, three areas of policy focus stand out: Employment: finding good job...

by Arun Jaitley | On 29 Jan 2018

Investment Puzzle: Deeper Roots

The paper talks about the main estimation results show that they have affected negatively the business investment over the period 1980-2014.

by Kim Sujin | On 29 Jan 2018

The Effect of Restructuring on Labor Reallocation and Productivity Growth: An Estimation for Korea

The paper says that the productivity growth of the service sector would foster economy-wide productivity and it can be achieved by the mitigation of misallocation of resources in service sectors.

by Choi Hyelin | On 26 Jan 2018

Ecommerce and Firm Performance: Evidence from Korea

The paper aims to characterize and test performance differences between ecommerce and non-ecommerce firms or establishments.

by Lee Yub | On 26 Jan 2018

Fiscal Devaluations

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

by | On 25 Jan 2018

Regulating the Digital Economy: Are we Moving Towards a 'win‐ win' or a 'lose‐lose' ?

The digital economy has been growing by leaps and bounds in recent years, mostly as a result of new digital technologies that are promoting a global transformation to industry 4.0. The resulting expa...

by Padmashree Gehl Sampath | On 23 Jan 2018

Strategic Roadmap for Implementation of UDAY Scheme

This study analyses the concerns/challenges in executing the operational targets set under the UDAY scheme for two DISCOMs in Karnataka, namely, Mangalore Electricity Supply Company Limited (MESCOM)...

by Rishu Garg | On 11 Jan 2018

The Regularization of Street Vending in Bhubaneshwar, India: A Policy Model

The papers says that police and municipal inspectors would persistently harass the vendors by threatening them and confiscating their merchandise.

by Randhir Kumar | On 05 Jan 2018

Informal Economy Budget Analysis in Pakistan and Ravi Town, Lahore

The papers says that the informal sector in developing countries seems not only to be growing but also contributing to economic growth and linked with the formal sector of the economy.

by Khawar Mumtaz | On 04 Jan 2018

Urban Employment in India: Recent Trends and Patterns

This paper explores trends in urban employment in India, with a focus on urban informal employment (defined as informal wage employment and self-employment in informal enterprises, as well as informal...

by Martha Alter Chen | On 02 Jan 2018

Urban Refugees in Delhi: Self-Reliance can’t be Exclusively Entrepreneurial

Self-reliance is, by definition, about individualised responsibility for social wellbeing and economic security. This idea drives urban refugee livelihood programmes, in India and beyond, as aid organ...

by | On 22 Dec 2017

Prospects of India–Bangladesh Economic Cooperation: Implications for South Asian Regional Cooperation

In recent years, South Asia has received growing attention as a region that is integrating successfully into the global economy. To maximize the benefits in terms of faster growth and poverty reductio...

by Prabir De | On 19 Dec 2017

Immigrants’ Residential Choices and their Consequences

This paper investigates the causes and effects of the spatial distribution of immigrants across US cities. We document that: a) immigrants concentrate in large, high-wage, and expensive cities, b) the...

by | 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

Outlook for the Philippine Economy and Agro-Industry to 2030: The Role of Productivity Growth

This study provides growth projections for the Philippine agriculture based on growth in productivity differentiated by basic sector, using a computable general equilibrium model.

by Roehlano M. Briones | On 14 Dec 2017

Global Investment Competitiveness Report 2017/2018 : Foreign Investor Perspectives and Policy Implications

This inaugural issue of the World Bank Group’s Global Investment Competitiveness Report presents novel analytical insights and empirical evidence on foreign direct investment’s (FDI) drivers and contr...

by World Bank [WB] | On 08 Dec 2017

Informal Workers in Global Horticulture and Commodities Value Chains: A Review of Literature

This paper presents and analyzes the key findings from a comprehensive review of value chain-related studies on the commodities and horticulture sectors, focusing on what this literature reveals about...

by Man-Kwun Chan | On 06 Dec 2017

Trade & Transit Cooperation with Afghanistan: Results from a Firm-level survey from Pakistan

This paper aims to inform academia and policymakers about ways and means to first increase trade with Afghanistan, and second, to discuss trade-related procedures and processes that could be streamlin...

by Vaqar Ahmed | On 04 Dec 2017

A Region at Risk : The Human Dimensions of Climate Change in Asia and the Pacific

Asia and the Pacific continues to be exposed to climate change impacts. Home to the majority of the world’s poor, the population of the region is particularly vulnerable to those impacts. Unabated war...

by Asian Bank | On 23 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

Digital Challenges for the Welfare State

Digitalization is the buzzword under which profound changes of the labor market can be summarized. Next to automation, i.e., the increasing use of robots, “intelligent” machines and more comprehensive...

by Werner Eichhorst | On 23 Nov 2017

Revitalizing economy by balancing defence & development

In this context, a government that is in doubt regarding re-election will give a popular or election-oriented budget and go on a spending spree.

by Dr. Abid Suleri | On 20 Nov 2017

Demonetisation Post-Truths

On the day when the Reserve Bank of India (RBI) finally reported that almost 99% of the proscribed currency notes of ?500 and ?1,000 denomination had returned to the banking system by 30 June 2017, th...

by | On 17 Nov 2017

Electronic filing System, Bureaucratic Efficiency and Public Service Delivery: Evidence from Bangladesh

A look into the effect of an e-Governance initiative in Bangladesh is on efficiency in the public sector. The electronic Filing (e-Filing) system was introduced to all the Deputy Commissioners' (DC)...

by Wahid Abdallah | On 15 Nov 2017

Crisis, Imbalances, and India

With the revival of global economy, the issues of “exit policies” and rebalancing global growth have taken center stage in policy discussions. Since many emerging Asian economies presently have large...

by | On 14 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

Remittances for Growth: Initiatives for Remitters and Remittances

This paper argues that by some monetary and fiscal reforms, the investable part of remittances could be diverted to labour intensive and development projects, creating hundreds of thousands employment...

by Atiq Rehman | On 30 Oct 2017

Educational Status of De-notified Tribes A Study of Telangana

This paper deals with educational status of De-notified and Nomadic Tribes (DNT-NT) of Telangana vis-à-vis their socioeconomic conditions. The present study is based on primary data collected from Mah...

by Vijay Korra | On 27 Oct 2017

Undersea Pipedreams and Indian Energy Security

Iran’s game-changing nuclear deal with the West and imminent ending of the US-led sanctions open a window of opportunity for deeper Indo-Iranian relations. On the sidelines of the BRICS summit in Ufa...

by Research and Information System for Developing Countries | On 17 Oct 2017

Remittances and Exchange Rate Linkages: Experiences of Nepal

This paper concentrates on the impact of a few macroeconomic variables—nominal exchange rate, economic activity in host countries and workers' outflow—in determining the remittance inflows to Nepal.

by Bhubanesh Pant | On 09 Oct 2017

The Macroeconomic Benefits of Tax Enforcement in Pakistan

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

by Ethan Ilzetzki | On 04 Oct 2017

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

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

by Rajeswari Sengupta | On 18 Sep 2017

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

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

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

by Rosa Abraham | On 11 Sep 2017

Tamil Nadu Migration Survey 2015

Tamil Nadu is the eleventh largest state by area and the sixth most populous state in India with 75 million as per the 2011 census. The state was ranked sixth among the states in India according to th...

by S.Irudaya Rajan | On 06 Sep 2017

The Operation of the Gold Standard in the Core and the Periphery Before the First World War

This paper examines the operation of the gold standard (GS) during the period 1870-1914, its heyday. It discusses the theory of balance of payments adjustment under the GS. Theory postulates automatic...

by Manmohan Agarwal | On 06 Sep 2017

Evaluation of Fiscal Incentives in the Philippines

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

by Danileen Kristel C Parel | On 04 Sep 2017

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

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

by Bogang Jun | On 28 Aug 2017

India-Singapore CECA An Appraisal

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

by V. S. Seshadri | On 24 Aug 2017

New Series of National Accounts- Better Estimation or Over Estimation?

The report says that the base year of GDP is also revised regularly to have it aligned with the structural shifts that the economy witnesses continuously.

by M. Singhi | On 24 Aug 2017

Indian Labour Market and Position of Women: Gender Pay Gap in the Indian Formal Sector.

This paper quantifies the magnitude of gender-based disparities that women face in the organized sector of the Indian Labour Market.

by Biju Varkkey | On 21 Aug 2017

Developments in Iran’s Agriculture Sector and Prospects for U.S. Trade

With one of the Middle East’s largest economies, a growing population, and rising incomes, Iran contributes significantly to the region’s agricultural commodity consumption. Iran’s rising food demand...

by Mesbah Motamed | On 18 Aug 2017

Automation, Women, and the Future of Work

Will women benefit from the rapid automation and digitisation that is set to change the world of work as we know it? How can we ensure that women’s economic interests are brought into focus, and that...

by Becky Faith | On 16 Aug 2017

Transitioning Towards a Green Economy in Karnataka

This report focused on agriculture, buildings, industries, transport, and power supply – sectors that account for all the state’s energy requirement and over 70% of its Greenhouse Gas (GHG) emission...

by Center for Study of Science, Technology and Policy CSTEP | On 14 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

International Trade and Productivity Growth: Evidence from the Organised Manufacturing Sector in India

The present study is an attempt to examine the impact of international trade on manufacturing productivity in India. The literature on international trade suggests that the productivity of domestic ma...

by R Rijesh | On 09 Aug 2017

Social Security Agreements (SSAs) in practice: Evidence from India’s SSA with countries in Europe

The key policy issues in this field pertain to detachment benefits, totalization procedure and ensuring greater coverage under these agreements.

by Atul Tiwari | On 09 Aug 2017

A Political Economy Analysis of the Southeast Asian Haze and Some Solutions

This paper studies the political economy of the Southeast Asian haze and discusses the obstacles that, unless overcome, could prevent a permanent and effective solution to this transboundary pollution...

by Parkash Chander | On 08 Aug 2017

Indian Business Groups and Their Dominance in the Indian Economy

Business groups have played an important role in the development of the Indian economy by filling the institutional voids arising from weak markets and institutions. As these economic institutions dev...

by | On 04 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

Indian Economy and Demonetisation: Way Forward

The delegalisation1 of the two highest value currency notes announced by Indian government on November 8th has created an impact on the economy at a scale which no other piece of policy has riva...

by | On 03 Aug 2017

Achieving Universal Literacy in Andhra Pradesh: Status and Prospects

The main objective of the present paper is to assess the prospects of achieving universal adult literacy with a policy intervention factor through adult literacy programmes that target different age g...

by Motkuri Venkatanarayana | On 02 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

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

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

by Samavia Batool | On 01 Aug 2017

2017 G20 Women’s Economic Empowerment Recommendations

For the 2017 G20, the German government has prioritized commitments to reducing the male and female employment gap by 25 percent by 2025, and increasing the quality of women’s employment. Investing in...

by John Ruthrauff | On 31 Jul 2017

Are Mobile Financial Services Promoting Financial Inclusion in Bangladesh? An Assessment Study

Despite rapid progress of the financial sector in Bangladesh, there are concerns that banks have not been able to include a vast segment of the population, especially the underprivileged sections and...

by Bilkis Sultana | On 26 Jul 2017

Taking an Ecosystems Approach: Samarthan’s Work on Rural Poverty in India

Rural poverty continues to be a scourge in India, affecting tens of millions of households despite years of strong economic growth for the country overall. In 2005, the government of India created the...

by Government of India & Employment | On 26 Jul 2017

Taking an Ecosystems Approach: Support for Advocacy Training Initiatives’ (SATHI) Public Health Work in India

Delivering accessible, inclusive and high-quality health services in India is both technically challenging and politically complex. India’s public health services have been highly decentralized for mo...

by Brendan Halloran | On 26 Jul 2017

2014 Clean Energy Investments: Project Summaries

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

by Asian Development Bank Institute | On 26 Jul 2017

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

Asia Bond Monitor - June 2015

The report narrates that the local currency bond market in emerging East Asia continued to expand in 1Q15 to reach US$8.3 trillion at end-March.

by Asian Development Bank Institute | On 24 Jul 2017

Maldives: Overcoming the Challenges of a Small Island State

This report provides support to the Maldivian government in formulating its high-priority policies by identifying the critical constraints to achieving inclusive growth. The report also provides polic...

by Asian Development Bank Institute | On 12 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

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

Fossil Fuel Subsidies in Indonesia: Trends, Impacts, and Reforms

This study measures the size of fossil fuel subsidies such as underpricing of petroleum products and electricity, tax exemptions, and subsidized credit; examines the potential economic, energy, and en...

by Asian Development Bank Institute | On 04 Jul 2017

Fossil Fuel Subsidies in Thailand: Trends, Impacts, and Reforms

This study measures the size of fossil fuel subsidies such as tax breaks for diesel and natural gas, market price support for natural gas for vehicles, and free electricity for low-income consumers as...

by Asian Development Bank Institute | On 04 Jul 2017

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

This report will help improve the quality of the workforce; enhance employability, productivity, and remuneration, leading to higher economic growth.

by Asian Development Bank Institute | On 30 Jun 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

Fiji: Building Inclusive Institutions for Sustained Growth - Executive Summary

The report says Fiji’s economy has seen 5 years of positive growth since 2010 - one of its few episodes of sustained growth since 1970. Growth averaged 3.3% a year during 2010-2014, which is nearly fo...

by Asian Development Bank Institute | On 27 Jun 2017

Services Growth- Why is that important for growth of GDP and Employment?

Services have significantly contributed to the structural transformation of Indian economy. Sustained growth of services in India has to an extent broken the myth which has considered acceleration in...

by MC Singhi | On 22 Jun 2017

Addressing Climate Change Risks, Disasters, and Adaptation in the People’s Republic of China

This study informs decision makers regarding major climate change risks to development and provides feasible policy recommendations for consideration to increase resilience and reduce vulnerability in...

by Asian Development Bank Institute | On 22 Jun 2017

Innovative Strategies in Higher Education for Accelerated Human Resource Development in South Asia: Nepal

The report herein provide in-depth analysis of the state of technical and vocational education and training (TVET) and higher education in Nepal.

by Asian Development Bank Institute | On 19 Jun 2017

Southeast Asia and the Economics of Global Climate Stabilization - Report

The paper suggests that the impacts of climate change in Southeast Asia may be larger than previously estimated, possibly reaching 11% of gross domestic product by 2100.

by David Raitzer | On 19 Jun 2017

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

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

by Asian Development Bank Institute | On 14 Jun 2017

Myanmar Transport Sector Policy Note: How to Reduce Transport Costs

This report includes proposed measures for Myanmar’s road sector, rail sector, river transport, and policy measures, summarizing the costs and benefits of each, ranked by their benefit-to-cost-ratio.

by Asian Development Bank Institute | On 02 Jun 2017

Myanmar Transport Sector Policy Note: River Transport

Myanmar has an extensive river network that is well positioned to serve the country’s main transport corridors, including the link between Yangon and Mandalay. However, main rivers are difficult to na...

by Asian Development Bank Institute | On 31 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

Evaluation Study on Role of Public Distribution System in Shaping Household and Nutritional Security India

It has been observed that even though the Indian economy has achieved remarkable economic growth along with a decline in poverty over the last two decades, improvements in nutritional status have not...

by Niti Aayog GOI | On 18 May 2017

Strengthening Arbitration and its Enforcement in India – Resolve in India

The present paper focuses on the first and internationally the largest mode of dispute resolution, that is, Arbitration. However, prior to looking at how arbitration functions in the country, it would...

by Bibek Debroy | On 17 May 2017

ASEAN+3 Bond Market Guide 2016: Thailand

The paper says that the government has continued to issue bonds since then with the primary objectives being to finance the annual budget deficit, support social and economic development, and restruct...

by Asian Development Bank Institute | On 16 May 2017

The Emergence of Pacific Urban Villages: Urbanization Trends in the Pacific Islands

The paper narrates that the specific needs of the Pacific in the process of urbanization must be recognized and adequately addressed in the post-2015 development agenda. Key priorities include upgradi...

by Asian Development Bank Institute | On 15 May 2017

Identity for Development in Asia and the Pacific

The objective of this report is to help governments and multilateral institutions assess and integrate ID systems into their development activities. The intended audience includes government policy ma...

by Asian Development Bank Institute | On 15 May 2017

Earth Observation for a Transforming Asia and Pacific

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

by Asian Development Bank Institute | On 05 May 2017

The informational role of algorithmic traders in the option market

This paper investigates the information role of algorithmic traders (AT) in the Nifty index option market. I analyse a unique dataset to test for information-based trading by looking at the effect of...

by Rohini Grover | On 04 May 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

Goods and Services Tax in India: An Opportunities and Challenges

Value added tax was first introduced by Maurice Laure, a French economist, in 1954. The tax was designed such that the burden is borne by the final consumer. Since VAT can be applied on goods as well...

by | On 13 Apr 2017

India Skills Report 2017

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

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

The Cooperative Pathway of Enhancing Rural Livelihood and Nutrition Security

a major challenge before Indian agriculture is the standardization of methods of providing the power and economy of scale to small producers. A serious problem confronting our agriculture is the di...

by M. S. Swaminathan | On 14 Mar 2017

OECD: Economic Survey India- 2017

Economic growth of around 7½% makes India the fastest-growing G20 economy. The acceleration of structural reforms, the move towards a rule-based policy framework and low commodity prices have provided...

by OECD Development Centre | On 06 Mar 2017

Leave No One Behind : A Call to Action for Gender Equality and Women’s Economic Empowerment

The report captures the importance of shaping macro-economic policies so they support inclusive growth, and ensuring that women entrepreneurs have access to technology and finance. It also highlights...

by | On 21 Feb 2017

The Cyber Command: Upgrading India's National Security Architecture

India is increasingly vulnerable to cyber attacks that range from intrusions that affect the integrity of data to large-scale attacks aimed at bringing down critical infrastructure. This vulnerability...

by | On 03 Feb 2017

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

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

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

‘GOING DARK’ in India: The Legal and Security Dimensions of Encryption

Encrypting communications enhances privacy and the security of information services. This, in turn, incentivises innovation in the ICT sector and contributes significantly to the growth of the interne...

by | On 02 Feb 2017

Collective Action on South Asia's 'Wicked Problems'

The problems of water, energy, climate change, and urbanisation, are all intertwined; they are, also, all 'wicked'. There is little consensus on how to effectively navigate these problems, let alone,...

by | On 02 Feb 2017

Debating the World in the Asian Century

As Asia finds itself in the limelight, whether in terms of major power relations, rising insecurity and potential for conflict, or economic governance, it is worth asking, even before broaching the re...

by | On 02 Feb 2017

Vital Stats: State of the Economy 2016-17

The Union Budget for 2017-18 will be presented on February 1, 2017. In this context, we present data regarding the state of the Indian economy in 2016-17, across indicators such as gross domestic pro...

by Tanvi Deshpande | On 01 Feb 2017

Demonetisation: A Positive Effect on Budget to Channelise Nation's Growth Prospects

The aim of this article is to present that the Positive effect of demonetisation on upcoming budget for national growth. And demonetisation is one of the tools to be used for minimize the counterfeit...

by P Shekar | On 25 Jan 2017

Fertility, Mortality and Environmental Policy

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

by | On 24 Jan 2017

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

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

by Janet G Stotsky | On 23 Jan 2017

How have States Designed their School Education Budgets?

After the implementation of the Right of Children to Free and Compulsory Education Act (RTE) in 2010, states have brought about some improvement in school education in terms of infrastructure, enro...

by Child Rights and You CRY | On 18 Jan 2017

Securing Property Rights in India Through Distributed Ledger Technology

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

by | On 11 Jan 2017

Vital Stats: Participation of Members of Uttar Pradesh Legislative Assembly (2012-2017)

The Election Commission recently announced the poll schedule for the assembly elections in Uttar Pradesh. In this context, data on the composition of the 16th Uttar Pradesh Legislative Assembly (2012-...

by Jhalak Kakkar | On 10 Jan 2017

The Plough, Gender Roles, and Corruption

Cross-national empirical studies of corruption commonly find that nations in which women play a greater role in economic and public life suffer less corruption. This finding has been controversial in...

by | On 10 Jan 2017

Going and Coming and Going Again: Second-Generation Migrants in Dubai

The government of the United Arab Emirates requires all foreign migrant workers to reside on temporary visas. This affects transnational mobility patterns among the one class of residents whom we shou...

by | On 09 Jan 2017

Impact of Internet and Digitisation on SMBs in India

“Small and Medium Businesses (SMBs) form the backbone of the Indian economy making large contributions to important economic indicators as well as household incomes. Digital technologies have transfor...

by | On 05 Jan 2017

Role of Foreign Direct Investment in India: An Analytical Study

International Economic Integration plays a vital role in Economic Development of any country. Foreign Direct Investment is one and only major instrument of attracting International Economic Integratio...

by | On 04 Jan 2017

Skill Development : An Engine of Economic Growth

Indian economy is now trillion dollar economy. After introducing significant reforms in financial sector, we have improved efficiency and stability in our economy. As per most economists we will achie...

by | On 04 Jan 2017

Inter-ethnic Fertility Spillovers and the Role of Forward-looking Behavior: Evidence from Peninsular Malaysia

Demographic pressures can create competition for limited private and public resources and exacerbate pre-existing inter-ethnic tensions. At the same time, inter-ethnic competition may influence indivi...

by | On 23 Dec 2016

Air Pollution and Health Damages in China: An Introduction and Review

The authorities have responded to this challenge, and there has been clear progress in some areas of pollution control. As a result of these actions, and concurrent changes in economic policies and th...

by | On 23 Dec 2016

Demographic Dividend in India

India is passing through the demographic transition and we hardly have 50 to 60 years more to utilise the demographic dividend. By mid of this century, India will have a huge population of 60 and old...

by Priya Sharma | On 23 Dec 2016

Bank Lending and Loan Quality: The Case of India

This paper analyses how non-performing loans (NPLs) of Indian banks behave through the cycle. We find that a one-percentage point increase in loan growth is associated with an increase in NPLs over...

by Pallavi Chavan | On 15 Dec 2016

Problems and Challenges of Urbanization in India: A Sociological Evaluation

The urbanization is a process which urban social and urban civilization forming gradually. On the way of urbanization, we develop the economy first and improve the quality of people’s life later. Alth...

by | On 14 Dec 2016

India and the Global Economy

Drawing attention to a high dropout rate in upper primary schools, Singapore Deputy Prime Minister Tharman Shanmugaratnam today said schools are facing the “biggest crisis” in India. Delivering the f...

by Tharman Shanmugaratnam | On 08 Dec 2016

Impacts of the Training and Visit Extension System on Farmers' knowledge and Adoption of Technology: Evidence from Pakistan

This paper provides quantitative evidence on the impact of the Training and Visit (T & V) extension system in the irrigated Punjab of Pakistan. Three models are analyzed using limited dependent variab...

by Paul Heisey | On 08 Dec 2016

Labour Market trends analysis and labour migration from South Asia to Gulf Cooperation Council countries, India and Malaysia

Temporary labour migration is often touted as a triple-win: a win for destination countries that can support a level of economic activity that would be impossible without foreign labour; a win for cou...

by | On 24 Nov 2016

Seen but Unheard – A Case-Study of Low-Waged Tamil Migrant Workers in Singapore

Low-waged Tamil migrant workers have long been contributing to Singapore. Despite labouring for three decades and being connected to the existing Tamil diasporic community there, they have been left o...

by | On 24 Nov 2016

Demonetisation: Impact on the Economy

The argument posited in favour of demonetisation is that the cash that would be extinguished would be “black money” and hence, should be rightfully extinguished to set right the perverse incentive s...

by | On 17 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

Female Labour Force Participation Rate

Female Labour Force Participation (FLFR) is a driver of growth and economic development and therefore, participation rates indicate the potential for a country to grow more rapidly. However, women’s e...

by sarabjit kaur | On 11 Nov 2016

Strategies to Tackle the Issue of Black Money in India

Economists and social scientists have shown considerable interest in recent years to measure the gap between the observable economic activity and the actual economic activity. This has led to the conc...

by | On 09 Nov 2016

A Study on Widening of Tax Base and Tackling Black Money

Beyond the issue of unaccounted monies lying overseas, however, is the issue of unaccounted monies lying in India and what is perceived to be the parallel economy. There is, of course, this issue of w...

by FICCI Federation of Indian Chambers of Commerce and Indu | On 09 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

A Critique on the Current Labour Policy Reforms

Presently, there is a constant intense debate on labour law reforms in India. It is argued that the restrictive labour laws create rigidity in the labour market or else the Indian economy would have w...

by | On 03 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

Doing Business

Against the backdrop of the global financial and economic crisis, policy makers around the world took steps in the past year to make it easier for local firms to start up and operate. This is importan...

by World Bank [WB} | On 27 Oct 2016

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

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

by | On 27 Oct 2016

Building BRICS in Goa

Brazil, Russia, India, China and South Africa form the bloc of emerging economies, but is it still relevant? For several years now, the most talked-about trend in the global economy has been the rise...

by Al Jazeera . | On 25 Oct 2016

"Demystify the RBI"

In the talk Dr D Subbarao shared his experience being the head of India’s apex bank for five turbulent years starting from Global Financial Crisis in 2008 to taper tantrum 2013.

by Duvvuri Subbarao | On 21 Oct 2016

Decline in Rural Female Labour Force Participation in India: A Relook into the Causes

As an economy transforms from an agricultural economy to an industrial economy, a decline in participation of female labour force is observed. This is attributed to the shift from family-based product...

by | On 19 Oct 2016

MGNREGS: Political Economy, Local Governance and Asset Creation in South India

MGNREGS, the premier centrally-sponsored national rural livelihood scheme, is one of the most elaborately designed and implemented public workfare programmes in India. While a large number of studi...

by Vinoj Abraham | 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

Remittances and Informal Work

This paper studies the effects of remittances on informal employment in the migrants’ countries of origin, looking both at the remittance-receiving and non-migrant households. Using data from the Soci...

by | On 05 Oct 2016

The Worldwide Shift of FDI to Services- How does it Impact Asia? New Evidence from Seventeen Asian Economies

The productivity spillovers of industry-level FDI on both, the sector of manufacturing and the sector of services, in seventeen South and East Asian economies. Using a dynamic panel GMM methodology,...

by Nadia Doytch | On 29 Sep 2016

Financial Inclusion in India – The Journey so far and the Way Ahead

RBI is on a journey towards the goal of universal financial inclusion in India. There are challenges encountered and the way forward. [Address delivered at at the BRICS Workshop on Financial Inclusio...

by S.S. Mundra | On 26 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

The Changing Rates of Return to Education in India: Evidence from NSS Data

This paper estimates rates of return to education in India by gender, caste, religion and age cohorts using data for the period 1983 to 2011-12. We estimate standard Mincerian wage equations separatel...

by | On 14 Sep 2016

Habitat III National Reports for the Asia-Pacific Region

The National Reports received to date were considered during the development of the Regional Report and examples from National Reports have been incorporated into the Regional Report as appropriate T...

by United Nations (UN) | On 07 Sep 2016

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

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

by Deepthi Mary Mathew | On 07 Sep 2016

Global Nutrition Targets 2025: Childhood Overweight Policy Brief

In 2012, the World Health Assembly Resolution 65.6 endorsed a Comprehensive implementation plan for maternal, infant and young child nutrition (1), which specified six global nutrition targets for 202...

by World Health Organisation (WHO) | On 07 Sep 2016

Global Nutrition Targets 2025: Low Birth Weight Policy Brief

In 2012, the World Health Assembly Resolution 65.6 endorsed a Comprehensive implementation plan on maternal, infant and young child nutrition (1), which specified six global nutrition targets for 2025...

by World Health Organisation (WHO) | On 07 Sep 2016

Global Nutrition Targets 2025: Breastfeeding Policy Brief

In 2012, the World Health Assembly Resolution 65.6 endorsed a Comprehensive implementation plan on maternal, infant and young child nutrition (1), which specified six global nutrition targets for 2025...

by World Health Organisation (WHO) | On 07 Sep 2016

Global Nutrition Targets 2025: Anaemia Policy Brief

The prevalence of anaemia was highest in south Asia and central and west Africa (3). While the causes of anaemia are variable, it is estimated that half of cases are due to iron deficiency. In some se...

by World Health Organisation (WHO) | On 07 Sep 2016

Global Nutrition Targets 2025: Stunting Policy Brief

Childhood stunting is one of the most significant impediments to human development, globally affecting approximately 162 million children under the age of 5 years. If current trends continue, projecti...

by World Health Organisation (WHO) | On 07 Sep 2016

WHA Global Nutrition Targets 2025: Wasting Policy Brief

In 2012, the World Health Assembly Resolution 65.6 endorsed a Comprehensive implementation plan on maternal, infant and young child nutrition, which specified six global nutrition targets for 2025 (2)...

by World Health Organisation (WHO) | On 07 Sep 2016

The Independence of the Central Bank

Central banking does not mean just rates cuts and rate rising. There are many decisions to be taken sometimes unpopular or hard-to-explain ones, to be made under conditions of extreme uncertainty. The...

by Raghuram G. Rajan | On 06 Sep 2016

Does Development Aid Undermine Political Accountability? Leader and Constituent Responses to a Large-Scale Intervention

Comprehensive program evaluation requires capturing indirect effects of an intervention, such as changes in leaders’ efforts and constituents’ attitudes towards leaders. We study political economy r...

by | On 30 Aug 2016

The Integration of China and India into the World Economy: A Comparison

China and India have successfully integrated into the world economy. Once specialised in textiles, they have developed new export-oriented sectors linked to the information and communication technolog...

by | On 24 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

Higher Education In India: Issues, Concerns and New Directions

With the explosive growth of knowledge in the past century and with the development of handy tools of information and communication technologies as well as of other scientific innovations, competiti...

by University Grants Commission UGC | On 17 Aug 2016

Revisiting the Tax Compliance Problem using Prospect Theory

The paper presents a model for tax compliance based on prospect theory wherein an individual makes the decision whether to file, and declare a certain amount of income, or to not file based on a set...

by R.Kavita Rao | On 17 Aug 2016

Brain Drain Versus Brain Gain: The Study of Remittances in Southeast Asia and Promoting Knowledge Exchange Through Diasporas

The study attempts to identify the macroeconomic determinants of remittance inflows in South Asian countries. It uses additively separable utility function as theoretical framework and the Arellano-Bo...

by | 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

Women's Work, Maternity and Public Policy - Complete Report

Women as bearers and nurturers of children provide the foundation for generating future citizens for the country and labourers for the economy. In addition to reproductive or care work, women also con...

by | On 12 Aug 2016

Inequality, Poverty, and Antipoverty Transfers

This report reviews the main trends in global poverty, assesses projections on poverty trends for the medium term, and considers the implications for antipoverty policy. Three main points emerge from...

by Armando Barrientos | On 10 Aug 2016

Can “Make In India” Make Jobs? The Challenges of Manufacturing Growth and High–Quality Job Creation in India

A new “Make in India” campaign to “transform India into a global manufacturing hub” aims to use manufacturing as a vehicle for job growth. Is this strategy realistic? This paper helps answer the quest...

by | On 10 Aug 2016

Will Services be the New Engine of Economic Growth in India?

This paper revisits the role of manufacturing and services in economic development in the light of the following new facts: (a) a faster growth of services than that of manufacturing in many developin...

by | On 08 Aug 2016

Food Scurity and Nutrition: The Drivers of Change

This section looks at a range of factors that enable progress towards food security and nutrition goals. The list of factors – economic growth, agricultural productivity growth, markets (including int...

by Food and Agricultural Organization [FAO] | 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

Informality in South Asia: A Review

Labour markets in South Asia have been characterized as dualistic, with a relatively small, well-protected formal sector and a large unprotected informal sector. Indeed, the formal workforce is very s...

by | On 29 Jul 2016

The Informal Economy: Definitions, Theories and Policies

Today, there is renewed interest in the informal economy worldwide. This is because a large share of the global workforce and economy is informal and because the informal economy is growing in many co...

by | On 29 Jul 2016

Labour Migration, Employment, and Poverty Alleviation in South Asia

Labor migration presents both challenges and opportunities in today’s global world. As the scale, scope, and complexity of the phenomenon have grown, states and other stakeholders have become aware of...

by Sridhar K. Khatri | On 27 Jul 2016

Female Migrants: Bridging the Gaps Throughout the Life Cycle

Female migrants face different challenges and opportunities than men as they integrate into their host communities and become development agents for both their countries of destination and origin. And...

by | On 25 Jul 2016

Estimating Local Fiscal Multipliers

This paper proposes a new source of cross-sectional variation that may identify causal impacts of Government spending on the economy. It uses the fact that a large number of federal spending programs...

by Juan Serrato | On 20 Jul 2016

Rising China Confronts Maritime Southeast Asia

China’s rejection of the Permanent Court of Arbitration ruling on its expansive claim to the South China Sea has set itself up for confrontation with maritime states in Southeast Asia. It will also he...

by | On 18 Jul 2016

Human capital potential of India’s future workforce

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

by Ali Mehdi | On 14 Jul 2016

Trajectories of China’s Integration with the World Economy through SEZs: A Study on Shenzhen SEZ

By exploring the role of SEZs in China’s integration with the world economy, we also investigate the underlining challenges faced by the economy. The analysis brings forth the indisputable fact that S...

by | On 14 Jul 2016

Keeping the South China Sea in Perspective

The South China Sea disputes involve the interests of the United States, particularly with regard to freedom of navigation, international norms and law, relations with important partners and allies, a...

by | On 13 Jul 2016

Population Growth: Trends, Projections, Challenges and Opportunities

Human beings evolved under conditions of high mortality due to famines, accidents, illnesses, infections and war and therefore the relatively high fertility rates were essential for species survival....

by Planning Commission, India | On 12 Jul 2016

Does Social Health Insurance Reduce Financial Burden? Panel Data Evidence from India

Indian government launched the Rashtriya Swasthya Bima Yojana (RSBY), a national health insurance scheme, in 2008 that provides cashless health services to poor households in India. The scheme is eval...

by Mehtabul Azam | On 11 Jul 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

Resolving Stress in the Banking System

The slowdown in credit growth has been largely because of stress in the public sector banking and not because of high interest rates. As such, what is required is a clean-up of the balance sheets of p...

by Raghuram G. Rajan | On 29 Jun 2016

Decentralisation and Interventions in Health Sector: A Critical Inquiry into the Experience of Local Self Governments in Kerala

This paper attempts to analyse the transition in the healthcare sector during the last two decades linking it to the interventions of Local Self Governments (LSGs). It was found that decentralisation...

by | On 29 Jun 2016

Eradication of Child Labour- Socio–Legal Challenge and Judicial Activism in India

According to the NSSO (66th round of Survey) on Child Labour in Major Indian States, 2009-10 in the (Age group 5-14) is 49.83 lakh. Poverty and social conditions of the family are main reasons childre...

by | On 27 Jun 2016

Towards Increasing Off-Farm Income Opportunities for Farmers

Small land holders dominate Indian agriculture, and need off-farm income for survival. Analysis shows that for sufficient off-farm income opportunities, growth in agriculture, manufacturing, or touri...

by Brajesh Jha | 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

Federal Budget of Pakistan 2016

Budget speech of Pakistan 2016-17.

by Mohammad Ishaq Dar | On 17 Jun 2016

Returns to Education: The Causal Effects of Education on Earnings, Health and Smoking

This paper estimates returns to education using a dynamic model of educational choice that synthesizes approaches in the structural dynamic discrete choice literature with approaches used in the reduc...

by | On 09 Jun 2016

Landed Property and Credit in Colonial India

The chapter tries to identify three dimensions of land rights – the type of ownership, tenants’ rights, and the right to transfer – to categorise the diversity of land tenures in colonial India. Also,...

by Anand Swamy | On 08 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

An Economy for The 1%: How Privilege and Power in the Economy Drive Extreme Inequality and How This Can Be Stopped

Credit Suisse recently revealed that the richest 1% have now accumulated more wealth than the rest of the world put together. Meanwhile, the wealth owned by the bottom half of humanity has fallen by a...

by | On 02 Jun 2016

Impact of Trade Liberalisation on Employment: The Experience of India’s Manufacturing Industries

The Indian economy has entered a phase of high growth in the recent years, after a long period of low growth. Since economic growth itself is not sufficient to achieve economic development, the concer...

by | On 01 Jun 2016

Surveillance of Chronic Diseases: Challenges and Strategies for India

This paper describes the status, challenges and scope for strengthening surveillance of chronic disease risk factors, morbidities and mortality in India. Surveillance experience of four selected Stat...

by Udaya S. Mishra | On 30 May 2016

The Role of Small and Medium Enterprises in Structural Transformation and Economic Development

The study directs the attention to the role of Small and Medium Enterprises (SMEs) in overcoming these structural rigidities and ushering-in structural transformation in an economy. To explore the iss...

by Mausumi Das | On 26 May 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

Elephants in the Room: Challenges for India as an Emerging Development Partner

Emerging powers are re-shaping the norms and practices of international development. As the Indian economy continues to grow and the country bids for a seat at the great power table, the ambitions of...

by Tanoubi Ngangom | On 26 May 2016

The Role of Forests in a Green Economy transformation in Africa

This report explores the role of forests in a green economy transformation in Africa. Its aim is to present policymakers with a strong rationale for linking forests and REDD+ planning with green econo...

by | On 25 May 2016

Alternative Dispute Resolution Act of Bhutan, 2013

This Act shall apply to Domestic arbitration and international commercial arbitration and negotiated settlements conducted within the Kingdom of Bhutan; Recognition and enforcement of arbitral awards...

by National Assembly of Bhutan | On 25 May 2016

National Intellectual Property Rights (IPR) Policy

Creativity and innovation have been a constant in growth and development of any knowledge economy. There is an abundance of creative and innovative energies flowing in India. India has a TRIPS compl...

by Department of Industrial Policy & Promotion DIPP | On 19 May 2016

Building a Design Economy in India

The interministerial group will rework its strategy on labour laws and tweak it in such a manner that it maximises benefits for both workers and employers. In this paper, we outline the manner in whi...

by Shamika Ravi | On 18 May 2016

The Global Risks Report 2016: 11th Edition

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

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

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

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

by World Bank [WB] | On 11 May 2016

Factors Impacting Railway Freight Traffic in India

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

by Saurabh Bandyopadhyay | On 09 May 2016

Spatial Convergence in Public Expenditure across Indian States: Implication of Federal Transfers

Using the spatial econometrics approach, this study analyses such spill- over effect in public expenditure. Econometric estimates suggest significant spatial spill- ove...

by | On 02 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

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

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

A SVAR Approach to Evaluation of Monetary Policy in India

This paper rediscovers the efficacy of K&R contemporaneous restriction (customized for the Indian economy which is a developing G20 nation unlike advanced G6 nations that K&R worked wi...

by | On 02 May 2016

Kerala: Economic Review 2015

The latest edition of the Economic Review is brought out with the objective of providing valuable and comprehensive information about Kerala’s economic performance in the last year of the 12th Five...

by Government of Kerala Govt | On 29 Apr 2016

Words Matter but so Does Intent

For effective communication there has to be mutual respect among the speakers. To reach our goals don't accept jobs which you don't like. To have a joyful life it is important to enjoy the work which...

by Raghuram G. Rajan | On 28 Apr 2016

Eliminating Malaria

This WHO report released on World Malaria Day, 2016 shows that, although an ambitious goal, eliminating malaria from 35 countries by 2030 is achievable. Malaria mortality rates have declined by 60% gl...

by World Health Organisation (WHO) | On 27 Apr 2016

Multidimensional Measurement of Household Water Poverty in a Mumbai Slum: Looking Beyond Water Quality

In addition to negatively affecting health, the qualitative findings reveal that water service delivery failures have a constellation of other adverse life impacts—on household economy, employment,...

by Ramnath Subbaraman | On 12 Apr 2016

State Finances: A Study of Budgets of 2015-16

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

by Reserve Bank of India RBI | On 12 Apr 2016

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

A gradual moderation in growth is currently underway in the People’s Republic of China (PRC). This is the result of a combination of factors, including a shrinking working-age population, the natural...

by | On 06 Apr 2016

The 2016 Budget Speech: Malaysia

Budget speech by Finance Minister of Malaysia.

by Minister of Finance Malaysia | On 06 Apr 2016

Budget Speech Meghalaya: 2016-17

Speech by Donkupar Roy, Finance Minister of Meghalaya.

by Donkupar Roy | On 31 Mar 2016

Budget 2016-17 & The Indian Economy

A brief summary by Niti Aayog about the pre and post 2016-17 Indian Budget Analysis.

by Arvind Panagariya | On 28 Mar 2016

Impact of the People’s Republic of China’s Growth Slowdown on Emerging Asia: A General Equilibrium Analysis

As an important global and regional economic power, the PRC’s growth slowdown may cause large spillover effects to its neighboring economies. Using a multi-sectoral global computable general equilibri...

by Fan Zhai | On 22 Mar 2016

Budget Speech Odisha Part II: 2016-17

Part II of the Budget speech of the finance minister.

by Pradip Kumar Amat | On 21 Mar 2016

Optimal Monetary Policy in the Presence of Sizable Informal Sector and Firm Level Credit Constraint

Optimality of pro-cyclical monetary policy in the presence of informal sector and firm level constraint is analysed. The findings suggest that in case of export demand shock pro-cyclical monetary pol...

by Waqas Ahmed | On 21 Mar 2016

Co-operatives and Rural Development in India

This paper characterises and distinguishes co-operatives from other forms of organisations and highlights the important place they occupy in India‘s rural economy. It examines their contribution to ru...

by Katar Singh | On 20 Mar 2016

Cambodia Diversifying Beyond Garments and Tourism Country Diagnostic Study

The Royal Government of Cambodia is grateful for the timely conduct of the study. The ideas and findings in this report will certainly be useful in providing inputs to support and operationalize the R...

by Asian Development Bank Institute | On 18 Mar 2016

Dynamics of Political Budget Cycle

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

by Ganesh Manjhi | On 17 Mar 2016

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

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

Impact of Strengthening Intellectual Property Rights Regime on Income Inequality: An Econometric Analysis

This paper examines the impact of strengthening Intellectual Property Rights (IPRs) on within-country income inequality for a cross-section of 65 developed and developing countries for the time period...

by Swati Saini | On 16 Mar 2016

Budget Speech Andhra Pradesh 2016-17

Budget Speech of Yanamala Ramakrishnudu Minister of Finance.

by Yanamala Ramakrishnudu | On 16 Mar 2016

Environmental Policy in a Federation with Special Interest Politics and Inter-governmental Grants

The paper explores the potential effect of intergovernmental grants (IGG) on sub-national (local) environmental policy in a federal structure. In the model, a politically-inclined local government rec...

by Divya Datt | On 15 Mar 2016

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

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

by Sujata Basu | On 15 Mar 2016

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

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

by Sujata Basu | On 15 Mar 2016

Corporate Governance, Competition and Firm Performance: Evidence from India

The aim of this paper is to show the interaction effect of product market competition and corporate governance variables on firm performance. While the linkage between internal governance mechanism an...

by Manoj Pant | On 15 Mar 2016

The Rise of the “Just-in-Time Workforce”: On-demand Work, Crowdwork and Labour Protection in the “Gig-Economy”

The so-called “gig-economy” has been growing exponentially in numbers and importance in recent years but its impact on labour rights has been largely overlooked. Forms of work in the “gig-economy” inc...

by | On 15 Mar 2016

Can the Organised and Unorganised Sectors Coexist: A Theoretical Study

In the past debates around protection are usual couched in terms of protection of the manufacturing sector from imports and are centered around the so called “infant industry” argument. This paper has...

by Manoj Pant | On 15 Mar 2016

Reforming Vietnam’s Rural Economy

This year it is predicted that Vietnam’s economy will slump to a level not seen since 1999. As a result of this and factional in-fighting over this issue, on the 22nd of October Vietnam’s Prime Minist...

by | On 14 Mar 2016

Implications of MGNREGS on Labour Market, Wages and Consumption Expenditure in Kerala

This paper makes an attempt to evaluate the implications of MGNREGS in labour short economy of Kerala. The analysis of NSSO unit level data revealed inter-state differences in implementation of the sc...

by V. Dhanya | On 14 Mar 2016

The Housing Market and Housing Policies in Japan

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

by Masahiro Kobayashi | On 14 Mar 2016

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

Towards Rules of the Monetary Game

There are few areas of robust growth around the world, with the IMF repeatedly reducing its growth forecasts in recent quarters. This period of slow growth is particularly dangerous because both ind...

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

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

China - Rebalance to Avoid the Middle Income Trap

China’s new leadership must rebalance the country’s economy if it is to avoid falling into the middle income trap. Yet slowing growth rates make drastic reforms politically sensitive at a time when th...

by | On 12 Mar 2016

North Korea's Fourth Satellite Launch Attempt

North Korea has announced that it will attempt another satellite launch between December 10 and 22. As North Korea has an active nuclear weapons program and launching a satellite is technologically qu...

by | On 12 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

Deep Seabed Minerals: A New Frontier in the Pacific Region

Minerals, such as rare earth metals, are increasingly becoming an important commodity in a resource-constrained world economy. As a result new frontiers both onshore and offshore, to the depths of the...

by | On 12 Mar 2016

Toward Crisis Management in East Asia’s Seas

Maritime disputes in in the East and South China Seas escalated in 2013 and remain locked in a dangerous cycle of action and reaction with the attendant danger of a direct military confrontation betwe...

by | On 12 Mar 2016

Rebalancing Act: China’s Fiscal Reform Challenge

This policy brief examines China’s inter-connected economic challenges of structural and fiscal reform, arguing that promotion of domestic consumption away from fixed-asset investment could further ex...

by | On 12 Mar 2016

Determinants of Child Health: An Empirical Analysis

Infant and child mortality rates in India have fallen by almost half from the time of adoption of millennium development goals to 2012 but there has not been a concurrent decrease in morbidity and und...

by Sowmya Dhanaraj | 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

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

Institutions in History: Bringing Capitalism Back In

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

by Wolfgang Streeck | On 09 Mar 2016

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

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

by Wolfgang Streeck | On 09 Mar 2016

German Employers and the Origins of Unemployment Insurance: Skills Interest or Strategic Accommodation?

This paper analyzes the attitudes of industrial employers during the German Empire and the Weimar Republic towards the adoption of public unemployment insurance. While employers initially opposed unem...

by | On 09 Mar 2016

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

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

by | On 09 Mar 2016

Mass Education or a Minority Well Educated Elite in the Process of Development: the Case of India

This paper analyses whether in developing countries mass education is more growth enhancing than to have a minority well educated elite. Using the Indian census data as a benchmark and enrollment rate...

by Amparo Castelló-Climent | On 09 Mar 2016

Capitalism as a System of Contingent Expectations Toward a Sociological Microfoundation of Political Economy

Political economy and economic sociology have developed in relative isolation from each other. While political economy focuses largely on macrophenomena, economic sociology focuses on the level of soc...

by | On 08 Mar 2016

On History and Policy: Time in the Age of Neoliberalism

It is often said that history matters, but these words are often little more than a hollow statement. In the aftermath of the Great Recession, the view that the economy is a mechanical toy that can be...

by | On 08 Mar 2016

Bihar Budget Analysis 2016-17

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

by Arvind Gayam | On 03 Mar 2016

Corruption, a Threat to Human Development

Bribery by companies when doing business abroad is a significant form of corruption, and is particularly serious when vital sectors of a nation’s economy and public services are involved. In a recent...

by S. Rajaratnam International Studies | On 02 Mar 2016

Economic and Political Relations Between Bhutan and Neighbouring Countries

The diversification of Bhutan’s relations began with its entry into the United Nations in 1971, and while external relations continued to be largely confined to India, the establishment of its relatio...

by | On 02 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

Japanese-Chinese Territorial Disputes in the East China Sea – Between Military Confrontation and Economic Cooperation.

This paper analyses the various legal, political, military and economic circumstances of the two territorial disputes in the ECS, and it evaluates the approaches by both sides to turn the ECS from a `...

by Reinhard Drifte | On 01 Mar 2016

Effective Carbon Taxes and Public Policy Options: Insights from India and Pakistan

In this paper, we take as given the need for public action on climate change (see Stern, 2007), and that carbon taxation is one of the key instruments for influencing both behaviour of consumers and p...

by Ehtisham Ahmad | On 01 Mar 2016

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

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

by Ehtisham Ahmad | On 01 Mar 2016

Labour Force Participation of Women in India: Some facts, Some Queries

The plan of the paper is as follows. Section 2 describes the data and definitions used in this study. Fertility and labour force participation are affected by broadly the same parameters. Section 3 lo...

by Surjit S. Bhalla | On 01 Mar 2016

Should China Revisit the 1994 Fiscal Reforms?

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

by Ehtisham Ahmad | On 01 Mar 2016

Change and Continuity: Agriculture in Palanpur

A central theme in all the studies of Palanpur that have been undertaken to date has been the changing nature of agriculture. One of the reasons for selecting Palanpur from amongst the many villages t...

by Himanshu Prof | On 29 Feb 2016

Non-Farm Diversification and Rural Poverty Decline: A Perspective from Indian Sample Survey and Village Study Data

This paper studies the evolution of the rural non-farm sector in India and its contribution to the decline of poverty. It scrutinizes evidence from a series of nationally representative sample surveys...

by Himanshu Prof | On 29 Feb 2016

India and an Indian village: 50 years of economic development in Palanpur

The analysis of the paper begins in the next section by setting out broad economic changes in India as key context for change in Palanpur, with a particular focus on the three drivers set out above; s...

by Himanshu Prof | On 29 Feb 2016

Where Have All The Small Farmers Gone! The Story of Agriculture and the Small Indian Farmer

The increasingly worsening state of small farmers in an 'agriculture-predominant' India is most tragic and a matter of grave injustice. This state of affairs is tragic also from the larger perspective...

by Vijay Negi | On 29 Feb 2016

Diet and Nutritional Status of Tribal Population and Prevalence of Hypertension among Adults

This report outlines the results of the surveys on diet and nutritional status of the populations. The objective is to assess the food and nutrient intakes of individuals in the rural areas of the sta...

by National Institute of Nutrition | On 29 Feb 2016

The Long-Run Socio-Economic Consequences of a Large Disaster: The 1995 Earthquake in Kobe

The ‘permanent’ socio-economic impacts of the Great Hanshin-Awaji (Kobe) earthquake in 1995 is quantified by employing a large-scale panel dataset of 1,719 cities, towns, and wards from Japan over thr...

by | On 29 Feb 2016

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

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

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

Union Budget Speech 2016

Budget speech by Finance Minister Arun Jaitley.

by Arun Jaitley | On 29 Feb 2016

Corporate Debt Market in India: Key Issues and Some Policy Recommendations

This paper presents an overview of the corporate debt market in India. A study of the structure and the status of the corporate debt market along with the current policies initiated by Securities and...

by M. T. Raju | On 28 Feb 2016

Nuclear and safety: Can the Two Ever Meet?

In September, the Japanese government announced that it would phase out nuclear energy by 2040. Just one week later, it stepped back from specifying an explicit timeframe. The about-turn illustrates J...

by Lina Gong | On 27 Feb 2016

Basel Banking Norms – A Primer

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

by Akshay Uday Shenoy | On 27 Feb 2016

Retesting the estimation of a utility-based asset pricing model using normal mixture GARCH (1, 1)

The main purpose of this paper is to derive the process of estimating dynamic RRA with the maximum likelihood and a Bayesian method having a weakly informative prior density while assuming that the lo...

by Rohit Gupta | On 27 Feb 2016

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

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

by Ehtisham Ahmad | On 26 Feb 2016

Economic Survey 2015-16-Volume I

This year’s Economic Survey comes at a time of unusual volatility in the international economic environment. Markets have begun to swing on fears that the global recovery may be faltering, while ris...

by Arun Jaitley | On 26 Feb 2016

The Dynamics of Global Oil Prices

Oil prices have declined in recent months in tandem with the slowdown in the global economy. Its significant tumble by more than 50 percent in a short span of three months has nonetheless triggered an...

by | On 25 Feb 2016

Government Debt

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

by Ministry of Finance GOI | On 25 Feb 2016

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

Un-balanced Economic Growth

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

by Hing-Man Leung | On 23 Feb 2016

Aquino’s Challenge: Energy Security in the Philippines

The next President of the Philippines faces many challenges to his incoming administration. A crucial one is ensuring the country’s energy security. Addressing this will strengthen the Philippine econ...

by | On 23 Feb 2016

From Crisis to Recovery in Asia: Strategies, Achievements, and Lessons

This paper reviews and highlights lessons from the stabilisation and reform programme that Thailand, Malaysia and Korea implemented in response to the 1997 crisis. The three countries’ rapid recovery...

by Kanit Sangsubhan | On 23 Feb 2016

Agriculture and Food Security in Asia by 2030

Rapid trade-led economic growth in emerging Asia has been shifting the global economic and industrial centres of gravity away from the north Atlantic, raising the importance of Asia in world trade but...

by Kym Anderson | On 22 Feb 2016

Changing Population In Japan And A Life-Long Active Society To Cope With It

Japan's ageing population also has a sort of depth. By “depth,” I mean that within the older population itself the proportion of very old people aged 75 years old and over is increasing particularly r...

by Atsushi Seike | 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

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

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

by Hiro Ito | On 21 Feb 2016

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

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

by Yoshikazu Kobayashi | On 21 Feb 2016

The Road to Rio+20: Ambitious Goals for Sustainable Development

The world’s biggest summit on environment and development in 20 years will take place in Rio de Janeiro, Brazil, in June this year. What are the opportunities and challenges for this global multilater...

by | On 20 Feb 2016

The Rio+20 Summit and ASEAN: Towards a Green Economy

Rio de Janeiro will host the third Earth Summit, or “Rio+20”, in June this year – 20 years after the first Earth Summit in 1992. At Rio+20 all governments will be asked to re-dedicate themselves to th...

by | On 20 Feb 2016

After Rio+20: What is ‘The Future We Want’?

The world’s biggest summit on environment and development in 20 years wrapped up last Friday in Rio de Janeiro, Brazil. Has the outcome of Rio+20 managed to meet its promise?

by | On 20 Feb 2016

Savings and Investment Estimates in Bangladesh: Some Issues and Perspectives in the Context of an Open Economy

This paper examines the conceptual issues surrounding the estimation of savings and investment in Bangladesh and explains why there exist perceptible differences between the estimates of savings and i...

by Mustafa K. Mujeri | On 20 Feb 2016

Quick Rental Power Plants in Bangladesh: An Economic Appraisal

One important aspect of recent developments is that a significant portion of the additional electricity generation has come from liquid fuel based power plants which has raised the total contribution...

by Mustafa K. Mujeri | On 20 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

Urban Economy in the New Millennium

Michael Cohen in this lecture illustrates data about economic growth that demonstrate how cities act as engines of national economic development. In 2008, for the first time in human history, half the...

by | On 19 Feb 2016

Where Have China’s State Monopolies Gone?

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

by Paul Hubbard | On 19 Feb 2016

The Asian Infrastructure Investment Bank: Multilateralism On The Silk Road

China’s first attempt to establish a multilateral financial institution was met with some suspicion and caution in the west. According to one interpretation, China is frustrated with the United States...

by Mike Callaghan | 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

Bureaucracy and Pro-poor Change

This paper takes a political economy perspective in analysing the nature and causes on the decline in bureaucratic conduct.

by Ali Cheema | On 18 Feb 2016

Awake the Sleeper Within: Releasing the Energy of Stifled Domestic Commerce

Policy in Pakistan has been fairly path-dependant, placing a higher weight on export promotion and domestic industrialisation development than on domestic commerce. Yet domestic commerce is growing ra...

by Nadeem Ul Haque | On 17 Feb 2016

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

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

by M. Ali Kemal | On 17 Feb 2016

Transboundary Pollution: Arrival of the Haze Refugee?

The ‘climate refugee’ is not a new phenomenon. We are most likely set to see thousands displaced within their own countries or across borders as a result of adverse weather in future. This year’s fore...

by | On 16 Feb 2016

Determinants of Interest Spread in Pakistan

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

by M. Idrees Khawaja | On 16 Feb 2016

Effectiveness of Regulatory Structure in the Power Sector of Pakistan

This paper is an attempt to study the regulatory environment in the electricity sector of Pakistan. NEPRA, a regulatory authority was formed in 1997 to protect consumer interests in the area of electr...

by Afia Malik | 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

Hometown Investment Trust Funds: An Analysis of Credit Risk

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

by Naoyuki Yoshino | On 16 Feb 2016

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

Link between the financial inclusion and Economic Growth: Unconventional Monetary Policy in Bangladesh

Like other developing countries, Bangladesh initiated financial sector reform program during 1990’s. The main objectives of the financial sector reform programs were: i) Gradual B 3 | P a g e eliminat...

by Sayera Younus | On 15 Feb 2016

Need to Push for Inclusive Growth

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

by S.D Naik | On 15 Feb 2016

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

Future Prospects of Bangladesh’s Ready-Made Garments Industry and the Supportive Policy Regime

Emergence of the global market has heightened the role of trade in world economy and made industrialization as an integral system of global trade and production. Bangladesh economy at present is more...

by Md. Nehal 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

Measures of Monetary Policy Stance: The Case of Pakistan

In this paper two measures of the monetary policy stance are constructed. The stance of monetary policy, regarded as a quantitative measure of whether the policy is too tight, neutral, or too loose re...

by Farooq Pasha | On 14 Feb 2016

War and Drugs in Afghanistan

The cultivation of opium poppy in Afghanistan is nothing new. Although the drug economy diversified and became more vertically integrated after the fall of the Taliban, it had already emerged and deep...

by Vanda Felbab-Brown | On 14 Feb 2016

China Buys into Afghanistan

This article examines three elements of the popular narrative of China’s involvement in the development of Afghanistan’s vast natural resource wealth. It argues that Chinese companies invested in Afgh...

by Erica Downs | On 14 Feb 2016

Reforming Institutions: Where to Begin?

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

by M. Idrees Khawaja | On 14 Feb 2016

Regulating the Revolving Door

The increased interaction between business and government – as result of privatisations, lobbying and public contracting - has meant increased opportunities for corruption. Conflicts of interest, and...

by Transparency International TI | On 12 Feb 2016

Beyond Geography: Unlocking Human Potential

This Report focuses on the productive abilities of the regions, households and individuals. The report also reinforces the fact that there are inequalities between and within regions, as well as soci...

by United Nations Development Programme (UNDP) | On 12 Feb 2016

Manufacturing for Growth Strategies for Driving Growth and Employment

In Davos 2012, business leaders reviewed the output of The Future of Manufacturing project, which asked How are global value chains evolving? The Manufacturing for Growth initiative asks What should b...

by | On 11 Feb 2016

The Global Competitiveness Report 2013–2014

The Global Competitiveness Report 2013-2014 features a record number of 148 economies, and thus continues to be the most comprehensive assessment of its kind. It contains a detailed profile for each o...

by | On 11 Feb 2016

Towards the Circular Economy: Accelerating the Scale-Up across Global Supply Chains

In this report, the World Economic Forum and the Foundation, with analytics provided by McKinsey & Company, acting as project adviser, joined forces to reconcile the concept of scaling a circular econ...

by | On 11 Feb 2016

Norms and Values in Digital Media: Rethinking Intellectual Property in the Digital Age

In 2013, The Media, Entertainment and Information Industries community of the World Economic Forum took a deep look into intellectual property issues in the digital age. "Norms and Values in Digital M...

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

Intelligent Assets: Unlocking the Circular Economy Potential

The impending digital transformation of the Fourth Industrial Revolution holds the potential to redefine the very basis of our materials-reliant industrial economy. Enabled by the internet of things,...

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

Literature Survey on Intellectual Property Rights and Sustainable Human Development

This version of the literature survey updates and expands a working draft produced in ugust 2000 as part of a project funded by the U.K. Department for International Development (DFID). It will contin...

by | On 10 Feb 2016

Dropout Rates and Response Times of an Occupation Search Tree in a Web Survey

Occupation is key in socioeconomic research. As in other survey modes, most web surveys use an open-ended question for occupation, though the absence of interviewers elicits unidentifiable or aggregat...

by | On 10 Feb 2016

The Role of Informal Cross-border Trade in Myanmar

In a country where there are constraints in formal practices, informal activities normally arise. Informal practices are not necessarily illegal and bad, however some of them tend to occupy a grey are...

by | On 09 Feb 2016

Rivalry and Cooperation: A New "Great Game" in Myanmar

Myanmar since its reform and opening up has become the locus for a new "Great Game" between the world's major powers. This brings with it new challenges for China which has hitherto been the preeminen...

by | On 08 Feb 2016

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

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

by Dieter Verhaest | On 07 Feb 2016

Can Welfare Conditionality Combat High School Dropout?

Based on administrative data, we analyze empirically the effects of stricter conditionality for social assistance receipt on welfare dependency and high school completion rates among Norwegian youths....

by Øystein Hernæs | 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

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

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

Curbing Illicit Financial Flows to Unlock A Sustainable Future

Achieving the sustainable development goals and countering climate change will require considerably more resources than what public finances alone can afford. By curbing illicit financial flows and re...

by Transparency International | On 05 Feb 2016

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

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

by Transparency International | On 04 Feb 2016

Preliminary Study: Explaining the Ten-fold Increase in Remittances to Pakistan 2001-2012

This study is part of a broader study being undertaken by PIDE on remittances and their impact on the Pakistan economy including explaining its over ten-fold increase between 2001–2012 from around US$...

by Rashid Amjad | On 03 Feb 2016

Trade Integration and Labour Market Trends in India: an Unresolved Unemployment Problem

This paper focuses on the Indian pre-crisis strategy of liberalization and integration into the world economy and its impact on labour market trends. It then examines the specific ways in which the cr...

by International Centre for Sustainable Trade and Development | 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

Pakistan: The Impact of Economic Liberalisation on Poverty

The reform program that Pakistan gradually implemented during the 1980s and the early 1990s dismantled many of the components of the ISI strategy.1 The extent of dependence on quantitative import cont...

by Zafar Mahmood | On 02 Feb 2016

Financial Incentives to Industry

This paper provides details of the decisions made by the Environment Standards Committee (ESC) on Financial Incentives to industry. It also documents the progress made so far in the implementation of...

by Abdul Khan | On 02 Feb 2016

Disciplining Investment Incentives: A Lost Cause?

Investment incentives rank among the most important policy instruments governments employ to influence the locational decisions of multinational firms. In the wake of the recent increase in locational...

by International Centre for Sustainable Trade and Development | On 02 Feb 2016

Trade Policy and Manufacturing Performance: Exploring the Level of Trade Openness in India’s Organized Manufacturing in the Period 1990-2010

This study presents industry-level evidence regarding the connection between trade policy reforms and manufacturing performance. It contributes to the existing literature in several respects. The stu...

by Deb Kusum Das | On 02 Feb 2016

The Political Economy of Undernutrition National Report: Pakistan

In this report, we use political economy analysis to demonstrate that nutrition in Pakistan has remained off the policy agenda because of large disconnects between key sectors, a lack of integrated cr...

by Shehla Zaidi | On 02 Feb 2016

Financial Reforms - Past and Present

Industrial countries are still struggling, with a few exceptions, to grow. Our fellow BRICS all have deep problems, with confidence about China waxing and waning. India appears to be better in this l...

by Raghuram G. Rajan | On 01 Feb 2016

Research Imperatives for the Indian Banking Sector

In emerging economies like India, banking sector is very important. But banking sector is at 'crossroads'. There are many issues which this sector is facing and research which would generate fresh i...

by S.S. Mundra | On 01 Feb 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

Till Debt do us Part: the Urgency of a Sovereign Debt Workout Mechanism

The danger to global economic recovery posed by the European debt turmoil throws a spotlight on a key missing international institution critical to global finance a sovereign debt resolution mechanism...

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

Better Policy Coordination Needed to Avert another Global Slowdown

The United Nations World Economic Situation and Prospects 2011 cautions that the lack of policy coordination could further weaken the already modest recovery, or even precipitate a new global recessio...

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

Can a Protracted Slowdown be Avoided?

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

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

China and its Peripheries: Beijing and India-Sri Lanka Relations

China has emerged as one of the important factors in India-Sri Lanka relations. It is important to contextualise this intervening variable, before going into various aspects of China’s footprints in S...

by N Manoharan | On 31 Jan 2016

Founding of IWMI In Sri Lanka

The parliamentary general elections in 1977 was a watershed in the political landscape of Sri Lanka. The government that came into power mid-year sought a more liberalized and open economy, and hence...

by Nanda Abeywickrama | On 30 Jan 2016

Agricultural Domestic Support and Sustainable Development in China

China's fast-growing farm subsidies have generated new interest in whether these programmes can help achieve public policy goals, without distorting trade and production. This study, by NI Hongxing, f...

by | On 30 Jan 2016

Fiscal Consolidation and Economic Growth: A Case Study of Pakistan

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

by Ahmed Waqar Qasim | On 30 Jan 2016

Monetary Paradoxes of Baby-Sitting Cooperatives

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

by Asad Zaman | On 30 Jan 2016

Cyber Attacks: The Electronic Battlefield

The phenomenon of cyberattacks has produced a host of challenges. This analysis attempts to comprehensively describe the “operational” element of cyberattacks and deal with the notion of cyberspace. I...

by | On 29 Jan 2016

Industrial Policies in Lower-Middle-Income Countries

Lower-middle-income countries (LMICs) are heterogeneous countries with various economic experiences. Many underwent different types of structural transformation from agriculture to manufacturing and s...

by | On 29 Jan 2016

Trade Secrets, Innovation and the WTO

The intersection of trade secrets, innovation, and the World Trade Organization (WTO) forms a topic that is increasingly debated as part of the public discourse on intangible capital and intellectual...

by | On 28 Jan 2016

Establishing an International Advisory Centre on Investment Disputes?

In the light of growing globalization and the significant increase in the number of investor-state disputes that has taken place over recent years, this paper proposes that it is time to establish an...

by | On 28 Jan 2016

Air Pollution Reduction and Control in South Asia

In order to understand the importance of reducing air pollution and its likely trans-boundary effects, it is important to first review the socioeconomic situation of the South Asian member states. Sou...

by Mahmood Khwaja | On 28 Jan 2016

Maximizing the Opportunities of the Internet for International Trade

The last decade has witnessed remarkable developments in the digital economy, creating new opportunities for cross-border trade and investment and the ongoing emergence of novel and disruptive busines...

by | On 28 Jan 2016

Healthcare Challenges in Urbanizing India

Rapid urbanisation in India, driven by a globalised economy and its accelerated growth, will increasingly demand attention of policy makers. The objective of this policy note is to throw light on heal...

by Rajeev Ahuja | On 28 Jan 2016

Women as Policy Makers: Evidence from a Randomized Policy Experiment in India

This paper uses political reservations for women in India to study the impact of women’s leadership on policy decisions. Since the mid-1990’s, one third of Village Council head positions in India hav...

by | On 28 Jan 2016

Multinationals and Foreign Investment Policies in a Digital World

The purpose of this paper is to discuss the future of the multinational enterprise (MNE) and implications for the international investment regime. The paper begins by summarising current thinking on m...

by | On 27 Jan 2016

Achieving Bangladesh's Tourism Potential: Linkages to Export Diversification, Employment Generation and the "Green Economy"

The objective of this working paper is to critically test the assertion that pro-poor "green" tourism is one of the best development options for the majority of least developed countries (LDCs) -- a c...

by Shoaib Akhtar | On 27 Jan 2016

Overcoming Challenges to Accelerating Linear Growth in Indian Children

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

by Harshpal Singh Sachdev | On 26 Jan 2016

Changing Livelihoods in Delhi’s Periphery, circa 1930–2012

The understanding of livelihoods in an economy dominated by informality can benefit considerably from correlations between macro data on employment and detailed studies of ‘work’ and ‘non work’ in sel...

by Devesh Vijay | On 24 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

Interest Rates and the Demand for Money in Bangladesh: An Empirical Investigation with Quarterly Data, 1997Q4-2006Q4

This paper investigates the sensitivity of money demand to interest rates on treasury bills in Bangladesh with quarterly data for the period 1997Q4-2006Q4. A standard demand for money function is spec...

by Akhand Akhtar Hossain | On 23 Jan 2016

Volatility of Stock Return in the Dhaka Stock Exchange

This note examines the volatility in stock prices in the Dhaka Stock Exchange (DSE) during 2003- 2007. Excessive volatility and fluctuations in stock price fail to provide the correct signal on compan...

by Md. Habibour Rahman | 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

A Quick Analysis of Deposit Interest Rates Offered by Commercial Banks

The main purpose of the survey is to collect data on the extent of the mis-reporting of deposit interest rates, as accurate data is essential for effective financial and monetary policy.

by Md. Ezazul Islam | On 23 Jan 2016

Issues of South Asian Security, and the China Factor

As the diverse countries of South Asia seek to manage changes at home, this paper suggests that China, with its new links to the region, can play a significant role, as both sides are developing stake...

by | On 23 Jan 2016

Implications of Sino-Russian Ties for the Region

Instead of viewing the growing links between China and Russia through the prism of Sino-American sensitivities, this paper believes that South Asian countries like India and Pakistan can benefit from...

by | On 23 Jan 2016

India’s Latest GDP Growth Figures: Glaring Macroeconomic Concerns

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

by | On 23 Jan 2016

Better Ask the Parrot

It may be time to look at the market forecasts that pundits had made earlier.

by T.N. Ninan | On 23 Jan 2016

Inclusive Growth In Hilly Regions: Priorities For The Uttarakhand Economy

In the recent past, the focus of economic policy in India has shifted to issues of equitable growth. This implies that the economy should not only maintain the tempo of growth but also spread the bene...

by Sabyasachi Kar | On 23 Jan 2016

Social Cost-Benefit Analysis of Delhi Metro

The growing demand for public transport in mega cities has serious effects on urban ecosystems, especially due to the increased atmospheric pollution and changes in land use patterns. An ecologically...

by Rashmi Singh | On 23 Jan 2016

Rationalizing Interest Rate Spread in the Banking Sector: Some Policy Suggestions

Despite the removal of restrictions and reforms in the banking sector to facilitate the adoption of a market oriented interest rate policy, interest rates are yet to become fully responsive to the mar...

by Bangladesh Bank | On 23 Jan 2016

What are the Factors Enabling and Constraining Effective Leaders in Nutrition? A Four Country Study

This study of individuals identified as influential within nutrition in Bangladesh, Ethiopia, Kenya and India examines why particular individuals champion nutrition policy, and how they operate in the...

by Nicholas Nisbett | On 23 Jan 2016

Learning from India's Development Cooperation

India now needs to strengthen and harmonise its institutional mechanisms for development cooperation through clear policy statements. In addition to national foreign policy and economic interests, acc...

by Institute of Development Studies IDS | On 23 Jan 2016

Scenarios of Waste and Resource Management: for Cities in India and Elsewhere

The report identifies four future scenarios of this complex waste/resource management landscape using tools from Foresight methods and political economy analysis. We also identify the dynamics within...

by Ashish Chaturvedi | On 23 Jan 2016

Pakistan: In the Cusp of Changes, Meeting Challenges

While the Pakistani military and civilian leaders, so often the opposing forces, now seem inclined for cohabitation at the highest echelons of power, the country’s latest move towards a ‘comprehensive...

by | On 23 Jan 2016

Modeling Interest Rate Cycles in India

The present study tries to examine the behaviour of various Indian interest rates such as call money rate, and yields on secondary market securities with maturity periods of 15 to 91 days, 1-year, 5-y...

by B B Bhattacharya | On 22 Jan 2016

Southeast Asia and the Economics of Global Climate Stabilization

New analysis suggests that the impacts of climate change in Southeast Asia may be larger than previously estimated, possibly reaching 11% of gross domestic product by 2100.

by | On 22 Jan 2016

Infant-Feeding Patterns and Cardiovascular Risk Factors in Young Adulthood: Data From Five Cohorts in Low- and Middle-Income Countries

The World Health Organization (WHO) recommends exclusive breastfeeding from birth to 6 months, the introduction of nutritious complementary foods at 6 months and continued breastfeeding for 52 years.1...

by Karthikeya Naraparaju | On 22 Jan 2016

The E15 Initiative: Strengthening the Global Trade and Investment System in the 21st Century

World trade has experienced a significant slowdown since the 2008 financial crisis. Over this period, the global ratio of trade expansion to income growth has halved. An effective global trade and inv...

by World Economic Forum [WEF] | On 22 Jan 2016

India's Energy System Transition-Survival Of The Greenest

The transition to a clean and green energy system is an economic and social transformation that is exciting as well as challenging. The world today faces a formidable challenge in transforming its eco...

by A. Ganesh-Kumar | On 22 Jan 2016

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

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

by Gayatri Khedkar | On 21 Jan 2016

Political Commitment In India’s Social Policy Implementation: Shaping The Performance of MGNREGA

This paper contributes to the empirical understanding of the concept of commitment and the role it plays in shaping India’s social policy implementation. Taking the case of the landmark policy, the Ma...

by Deepta Chopra | On 21 Jan 2016

Climate Change and Cities

This paper is a study of climate change discourse in urban India. It suggests that the policies being articulated to deal with climate issues are premised on incremental changes rather than radical re...

by Abhiroop Mukhopadhyay | On 21 Jan 2016

The Growth-Employment Relationship Since 2000

This discussion paper is a brief assessment of the employment challenge that become manifest in the Indian economy during the past decade. It analyses various available economic indicators and present...

by Shipra Nigam | On 21 Jan 2016

People Matter Civic Engagement in Public Governance

The World Public Sector Report 2008, People Matter, Civic Engagement in Public Governance presents a picture of the evolution of current governance challenges, especially from the point of view of the...

by UN Department of Economic and Social Affairs UNDESA | On 20 Jan 2016

World Economic Situation and Prospects 2013

Growth of the world economy has weakened considerably during 2012 and is expected to remain subdued in the coming two years. The global economy is expected to grow at 2.4 per cent in 2013 and 3.2 per...

by United Nations (UN) | On 20 Jan 2016

Gendered Impacts of Globalization Employment and Social Protection

The last three decades have seen remarkable changes in economic structures and policies both within and across countries, loosely captured by the term globalization. This paper reviews evidence on how...

by Shahra Razavi | On 19 Jan 2016

Examining the Catalytic Effect of Aid on Domestic Resource Mobilization for Social Transfers in Low-Income Countries

Social transfers, a non-contributory form of social protection, present a great potential to tackle poverty and inequality, and support inclusive socioeconomic development. Yet, they also represent a...

by | On 19 Jan 2016

Nepal: Finding a Way Forward

Nepal is no stranger to Constitution drafting, having gone through six such rounds since 1948, with the seventh culminating in September 2015. This recent exercise, however, was unique as it was condu...

by Rakesh Sood | On 19 Jan 2016

The Skills They Want: Aspirations of Students in Emerging India

This report investigates student awareness, interests and aspirations around general and vocational education. Using a survey administered to class 12 students in one district each in Rajasthan, Chatt...

by Megha Aggarwal | On 19 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

Health Service Inequities as Challenge to Health Security

The paper provides an overview of the inequities in health outcomes and their variation across regional, social, and economic groups. It seeks to explain these variations by focusing on health service...

by | On 18 Jan 2016

From Congress-System to Non-hegemonic Multi-party Competition: Politics in Maharashtra

The paper reviews the changing nature of politics in the state of Maharashtra – an important subnational state in India. Politics in the state underwent a shift in 1978 and later again in 1990s. The p...

by | On 18 Jan 2016

Inequality Effects of Fiscal Policy: Analysing the Benefit Incidence on Health Sector in India

This paper analyses the benefit incidence of public health spending on inpatient service delivery, categorised by region, gender and economic class. Inpatient morbidity data among quintile-wise MPCE...

by Kausik K. Bhadra | On 18 Jan 2016

The Role of Industrial Policy as a Development Tool: New Evidence from the Globalization of Trade-and-Investment

This paper identifies the ingredients for what it calls “light-handed” industrial policy to address these obstacles. To a certain extent, emerging market hosts can carry out the policy interventions r...

by Theodore H Moran | On 15 Jan 2016

Rebalancing Growth in Asia

Rebalancing growth patterns of Asian economies is an important component of the overall rebalancing effort that will be required in the world economy. In this paper, I provide an empirical characteriz...

by Eswar S. Prasad | On 15 Jan 2016

Transmission of Volatility of Money Market Overnight Repo Rate along the Yield Curve in Pakistan

This paper presents the empirical results of the volatility transmission of money market overnight repo rate along the yield curve in Pakistan. The results indicate that the transmission of volatilit...

by Asif Mahmood | On 11 Jan 2016

Trade and Development Report 2007

The Trade and Development Report 2007, subtitled "Regional cooperation for development", recommends that developing countries should strengthen regional cooperation with other developing countries, bu...

by United Nations Conference on Trade and Development UNCTAD | On 09 Jan 2016

Trade and Development Report, 2012

The Trade and Development Report (TDR) 2012 reviews recent trends in the global economy and explores the links between income distribution, growth and development. Global output growth is slowing down...

by United Nations Conference on Trade and Development UNCTAD | On 09 Jan 2016

Trade and Development Report, 2015

The Trade and Development Report (TDR) 2015: Making the international financial architecture work for development reviews recent trends in the global economy and focuses on ways to reform the internat...

by United Nations Conference on Trade and Development UNCTAD | On 09 Jan 2016

Is India Making Waves in South China Sea?

The South China Sea (SCS) disputes are regarded as one of the most difficult regional conflicts in the Asia-Pacific, in an ‘arena of escalating contention. This paper looks at India’s interests and st...

by Rajeev Ranjan Chaturvedy | On 09 Jan 2016

New Maritime Silk Road: Converging Interests and Regional Responses

This paper discusses revival of the Maritime Silk Road. It begins with a narration of the historical background of MSR, its origin and development, followed by an analysis of latest announcements by t...

by | On 09 Jan 2016

Indian agricultural development in the context of economic reforms. Causes of change and issues for a future reform agenda.

This work examines the influence of reforms in the 1990s regarding the agricultural development in India. Many studies have analysed the impact of these reforms but most of them focused on foreign tra...

by Marion Künzler | On 08 Jan 2016

Double Bubble Trouble

Sustaining anything in the region of 7% growth should be good enough in a troubled and risk-laden world.

by T.N. Ninan | On 08 Jan 2016

Analysis of Myths and Realities of Deforestation in Northwest Pakistan: Implications for Forestry Extension

Pakistan is among those countries, which have very high deforestation rate. The remaining forests are very diverse in nature and of significant importance for the country’s economy and livelihoods of...

by Tanvir Ali | On 08 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

Thailand Industrialization and Economic Catch-Up Country Diagnostic Study

This report identifies the main constraints to Thailand’s transition to a more modern industrial and service economy. Further major transformation is in order: this includes accelerating market reform...

by Asian Development Bank Institute | On 07 Jan 2016

How Important are Exports and Foreign Direct Investment for Economic Growth in the People's Republic of China?

The global financial crisis and the recent growth slowdown in the People’s Republic of China (PRC) have led to questions about the sustainability of the PRC’s growth. The commonly used argument is tha...

by Yuqing Xing | On 07 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

Fungible Borders and Informal Regionalism: Rethinking China’s International Relations

The processes of informal or soft regionalism driving China’s engagement with the regional and global economy are resulting in nuanced understandings of state, security and the conduct of internationa...

by Nimmi Kurian | On 05 Jan 2016

Indian Higher Education Reform: From Half-Baked Socialism to Half-Baked Capitalism

This paper examines the political economy of Indian higher (tertiary) education. We first provide an empirical mapping of Indian higher education and demonstrate that higher education in India is bein...

by | On 05 Jan 2016

Habitat III Issue Papers : 22 – Informal Settlements

Although some governments acknowledge the existence of slums and informal settlements, many do not. This lack of recognition and subsequent response directly undermines city-wide sustainable developme...

by | On 05 Jan 2016

Review Article: Mapping India’s Future A Complementary Perspective

Review of The Turn of the Tortoise: The Challenge and Promise of India’s Future by T.N.Ninan; Allen Lane by Penguin India, 2015; Pp 368, Rs 699.

by Suryanarayana M H | On 02 Jan 2016

Foreign Direct Investment and Poverty

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

by Pragya Atri | On 01 Jan 2016

Developing Myanmar’s Information and Communication Technology Sector toward Inclusive Growth

Myanmar is expected to grow at least 6.8% per year in the coming years. Accompanying this growth will be an increase in demand for infrastructure services, including ICT-related services, both for co...

by Kee-Yung Nam | On 01 Jan 2016

Managing Capital Flows in Asia: An Overview of Key Issues

Global capital flows into emerging markets, including those in Asia, continue to be volatile, generating both benefits and costs. The latter are associated with episodes of currency and banking crises...

by Ramón López | On 01 Jan 2016

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

Ability Drain

Is ability drain (AD) economically significant? That immigrants or their children founded over 40% of theFortune 500 US companies suggests it is. Moreover, brain drain (BD) induces a brain gain (BG)....

by Maurice Schiff | 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

Self-Employment amongst Migrant Groups in England and Wales: New Evidence from Census Microdata

Self-employment constitutes a vital part of the economy since entrepreneurs can provide not only employment for themselves but also for others. The link between self-employment and immigration is, how...

by Ken Clark | On 29 Dec 2015

The Role of Sri Lanka in Enhancing Connectivity between South Asia and Southeast Asia

Improving physical connectivity between South and Southeast Asia has long been recognized as a key element in promoting greater trade and investment linkages within the region. As an island economy, S...

by Dushni Weerakoon | On 29 Dec 2015

Connecting South and Southeast Asia: Implementation Challenges and Coordination

With closer regional integration there is increasing interest within the Association of Southeast Asian Nations (ASEAN) and on the part of ASEAN's dialogue partners in the potential gains of closer co...

by Termsak Chalermpalanupap | On 29 Dec 2015

The Future Women Want: A Vision of Sustainable Development for All

In this publication UN Women highlights the commitments made on gender equality, and explores women's contributions to sustainable development and policy around the world. Focusing on priority areas—s...

by UN Women | On 28 Dec 2015

On the Road to Sustainable Development: Promoting Gender Equality and Addressing Climate Change

During the 1995 Fourth World Conference on Women, the Beijing Declaration and Platform for Action reflected the importance of the interface between gender equality and sustainable development. It reco...

by United Nations Development Programme (UNDP) | On 24 Dec 2015

Partnership without Alliance? The Contained Volatility of Indo-US Relations, and a Prognosis

India and the United States – the world’s ‘two largest democracies’ – share many structural similarities like multi-party democracy, federalism, constitutionally-guaranteed basic rights and the pre-em...

by Rahul Mukherji | On 23 Dec 2015

Different Paths to Power: The Rise of Brazil, India and China at the World Trade Organization

New powers, such as China, India and Brazil, are challenging the traditional dominance of the US in the governance of the global economy. It is generally taken for granted that the rise of new powers...

by Kristen Hopewell | On 23 Dec 2015

Fiscal Decentralization And Tax Incentives In The Developing world

Many developing countries use tax incentives to attract foreign direct investment, sacrificing immediate revenue from foreign capital, even though the effects of tax incentives on investment, growth,...

by Quan Li | On 23 Dec 2015

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

Thailand’s Investment in India’s Northeast: Strategies, Potentials and Risks

The imperatives for Thailand’s investment in the Northeast have come from two important considerations, reflecting longterm strategic objectives of the Look West Policy of Thailand. First, India’s nor...

by | On 22 Dec 2015

c-section epidemic

How can we explain the exponential increase of the cesarean section in the U.S. in recent decades? Drawing from 130 in-depth interviews with women, obstetricians, midwives, and labor and delivery nurs...

by theresa morris | On 21 Dec 2015

Innovations in Knowledge and Learning for Competitive Higher Education in Asia and the Pacific

The challenge of aligning higher education services (programs) with evolving labor market changes, and responding to knowledge-based economy of respective developing countries, has been difficult for...

by Jouko Sarvi | On 21 Dec 2015

Transitions to K-12 Education Systems Experiences from Five Case Countries

Preparing and implementing a K–12 transition absorbs considerable financial and human resources. It follows that the reasons for restructuring must be compelling. It follows that the reasons for restr...

by | On 21 Dec 2015

Study on Conditions and Needs of Women Workers in Delhi

Study on the needs and conditions of women workers in Delhi must begin its enquiry with the initial problem of poor availability of employment or access to economic activity/work for women in the cap...

by Neetha N | On 21 Dec 2015

Managing Firms in an Emerging Economy: Evidence From The Time Use of Indian CEOS

The success or failure of a company is often ascribed to the behavior of its CEO. Yet little is known about what top managers actually do, whether this matters for firm performance, and why it differ...

by Oriana Bandiera | On 18 Dec 2015

Import Intensity and Its Impact on Exports, Output and Employment

The present paper examines the trends and patterns of import intensity in the whole economy and manufacturing sector in India during 1990s and beyond. The paper also reviews past studies on import int...

by Mahua Paul | 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

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

The Design and Implementation of Public Pension Systems in Developing Countries: Issues and Options

Developing countries are increasingly aware of the need to design and implement improvements in public systems for providing pensions to the elderly. Such systems may aim to smooth consumption and thu...

by David Bloom | On 17 Dec 2015

Information Goes Global: Protecting Privacy, Security, and the New Economy in a World of Cross-border Data Flows

information across borders with legitimate government concerns related to public order, consumer privacy, and security. The paper begins by highlighting the risks associated with limitations on free i...

by | On 16 Dec 2015

GATS, Migration, and Labor Standards

There are an estimated 190 million international migrants in 2005, persons outside their countries of birth or citizenship, and 95 million are in the labor forces of their host countries. The World Co...

by Philip Martin | On 16 Dec 2015

China's Fitful Economic Reforms

Back in 2004, when I ran the Chinadesk at the International Monetary Fund, my team some written questions to Beijing ahead of our meetings with Chinese officials. China’s central bank had claimed that...

by Eswar Prasad | On 16 Dec 2015

Enabling war and peace: Drugs, logs, gems, and wildlife in Thailand and Burma

In this policy paper, Vanda Felbab-Brown explores the relationship between conflict, peace dynamics, and drugs and other illicit economies in Thailand and Myanmar/Burma since the 1960s through...

by Vanda Felbab-Brown | On 16 Dec 2015

Is Access to Loan Adequate for Financing Capital Expenditure? A Household-level Analysis on Some Selected States of India

This paper attempts to identify the factors that determine access to credit for financing capital expenditures across selected developed, less developed and middle performing states in India. Using a...

by Meenakshi Rajeev | On 16 Dec 2015

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

Does the Rise of Middle Class Lock in Good Government in the Developing World?

The current size of the income-secure middle class and its likely future growth, suggest that optimism is indeed warranted for many of today’s middle-income countries. But it is not warranted for all...

by Nancy Birdsall | On 14 Dec 2015

Human Capital Potential of India's Future Workforce

This paper discusses India’s demographic dynamics and argues that policymakers have the widest window of opportunity with that segment of population which is poised to enter the workforce between 203...

by Ali Mehdi | On 09 Dec 2015

Paris Climate Change Summit: Why it is Bound to Fail

Expectations are high for a good and fair new climate change agreement at the much anticipated on-going climate change summit in Paris. Such expectations are elusive if the negotiations fail to face...

by Raman Letchumanan | On 03 Dec 2015

Monitoring Mortality in Forced Migrants—Can Bayesian Methods Help Us to Do Better with the (Little) Data We Have?

The global number of forced migrants is currently the highest since the Second World War. This is a major concern to public health: lack of access to safe water, food, sanitation, and inadequate shel...

by Peter Heudtlass | On 30 Nov 2015

The Sunday Edit: Elementals: The Arts of Bhopal, 1984-2015

Bhopal is the world’s most frightening laboratory where all experiments, with chemicals and with truth, have gone wrong.

by Pramod K. Nayar | On 29 Nov 2015

The Indian Insolvency Regime in Practice – An Analysis of Insolvency and Debt

This paper analyses 45 cases of insolvency and bankruptcy resolution in order to measure the efficiency and problems of the present laws for firm bankruptcy in India. These cases have been selected t...

by Aparna Ravi | On 25 Nov 2015

Farm Outlook: Tractor Sales: What Do They Tell?

Falling tractor sales in the first half of the year may well be pointing to further distress in the agrarian economy.

by Aritra Chakrabarty | On 19 Nov 2015

India Approaches Replacement Fertility

This Population Bulletin updates a previous Bulletin from 2006, India's Population Reality: Reconciling Change and Tradition. India's population (currently at 1.3 billion) will exceed China's before 2...

by O.P. Sharma | On 18 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

Convergence of Social Security Schemes for Elimination of Child Labour

Child labour is a complex problem rooted in poverty, illiteracy and social inequality. The National Child Labour Policy has identified ‘focusing of general development programmes for benefiting child...

by Helen Sekar | On 10 Nov 2015

Now Focus on the Economy

What the government should is to concentrate on economic issues with diversionary issues being put back in the cupboard.

by T.N. Ninan | On 07 Nov 2015

Gender-Based Violence in Rural Uttar Pradesh, India: Prevalence and Association with Reproductive Health Behaviors

This study provides evidence of the association of violence on the reproductive health behavior of married women in rural India. The study explores the prevalence of different forms of domestic violen...

by | 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

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

Mr Modi and Mrs Gandhi

Narendra Modi is the first PM after Indira Gandhi with the power and possibly the intention to change the Indian system.

by T.N. Ninan | On 16 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

India’s FTA with East Asia: Impact of India-Malaysia CECA on the Edible Oil Value Chain

This paper formulates an analytical framework to assess the impacts of India's Free Trade Agreements (FTAs) on commodity value chains. This paper views such methodology as reductionist, and instead of...

by | On 15 Oct 2015

Eleventh Five Year Plan (2007–2012) Social Sector

The Eleventh Plan places the highest priority on education as a central instrument for achieving rapid and inclusive growth. It presents a comprehensive strategy for strengthening the education secto...

by Planning Commission, India | On 09 Oct 2015

Urban Poverty in Asia

This paper on Urban Poverty in Asia looks at the different dimensions of poverty in Asia, both income and nonincome, its two main regions, including a brief account of who and what class of people are...

by Asian Development Bank Institute | On 09 Oct 2015

The Interaction Between Social Protection and Agriculture - A Review of Evidence

This study explores the interaction between formal social protection and agriculture by proposing a theory of change and conducting an empirical review that identifies how social protection impacts ag...

by Nyasha Tirivayi | On 07 Oct 2015

Now for the Reality Play

What the government needs to do, perhaps, is to spell out an action agenda for the next four months, in the run-up to the 2016 Budget.

by T.N. Ninan | On 02 Oct 2015

State, Ideas and Economic Reform in India

This paper argues that the state is an important institution for initiating economic reforms in India. Ideas held within the state are especially important. When the state reposed faith in a closed ec...

by | On 28 Sep 2015

Institutional Changes Favouring FDI Inflows to India: Gradual Transformation Since 1969

How did India respond to globalization in the realm of inward foreign direct investment (FDI)? This paper presents the economic institutional change favouring FDI inflows at the union level of India b...

by | On 25 Sep 2015

Working towards Sustainable Development: Opportunities for decent work and social inclusion in a green economy

A green economy is necessary if sustainable development is to be realized. However, as this report emphasizes, a green economy can also, if accompanied by the right policy mix, create more and better...

by | On 25 Sep 2015

Present State of Goods and Services Tax (GST) Reform in India

There are several challenges before introduction of GST and these can be classified into two broad heads – a) GST Design and Structure related, and b) GST Administration and Institutional. On design r...

by Sacchidananda Mukherjee | On 24 Sep 2015

Geo-economics: Seven Challenges to Globalization

This report from the World Economic Forum’s Global Agenda Council on Geo-economics maps out the challenges that current geo-economic trends pose for globalisation. Findings show that the rise in strat...

by | On 22 Sep 2015

Production, Market Structure and the Role of Public Policy: Foodgrains in the New Economy

Although India’s plans for market reforms and opening up agriculture with earnest optimism and anticipation, every step on the way was laced with caution and deliberation and every action was weighed...

by Nilabja Ghosh | On 21 Sep 2015

The End of Laissez-faire, the End of History, and the Structure of Scientific Revolutions

The subject of this essay is formed from three classic pieces of writing: The End of Laissez-Faire by John Maynard Keynes, The End of History? by Francis Fukuyama, and The Structure of Scientific Revo...

by Ravi Kanbur | On 07 Sep 2015

Implementation of the Minimum Wages Act, 1948 - Case Study of India

This paper takes a look at the efforts made by the Government of India since the enactment of the Act to improve the relevance of minimum wages, its impact in bringing the workers out of the poverty l...

by | On 07 Sep 2015

Kerala Perspective Plan 2030

The Kerala Perspective Plan 2030 (KPP) is a Government of Kerala initiative that will serve as the basis for implementation of a series of initiatives aimed at fostering sustainable and inclusive grow...

by Government of Kerala Govt | On 04 Sep 2015

Financial Market Regulation in India-Looking back, Looking Ahead

A broad assessment of the evolution of financial markets and the issues we are grappling with are given here. We can learn right lessons from other countries. There could be different view points and...

by Harun R Khan | On 31 Aug 2015

A Policy Mix for Gender Equality? Lessons from High-Income Countries

Over the past 15 years, important gains have been made in gender equality. Gender gaps in educational attainment have shrunk substantially. In fact, in many high-income countries, young women’s educat...

by Megan Gerecke | On 31 Aug 2015

Identity, Interests and Indian Foreign Policy

This paper argues that India’s foreign economic policies were shaped to a substantial extent by developmental ideas within the Indian state and by the international context of the Cold War. Individual...

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

Globalisation, Growth and Employment in the Organised Sector of the Indian Economy

One of the most important forces that have shaped India’s economy in the last two and a half decades is the process of globalization. This has been a world-wide phenomenon, and India could not have re...

by B.N. Goldar | On 24 Aug 2015

Safety First

Global market is in a turmoil. How can India have a stable economy? There are no easy solutions but to play safe.

by T.N. Ninan | On 21 Aug 2015

Structural Changes in a Small and Open Economy: Evidences from Nepal

This paper reviews existing structural transformation models and prominent literatures and then empirically examines Nepalese economic structure. The research findings reveal that industrial sector is...

by | On 17 Aug 2015

The Sunday Edit: Monetary Policy Transmission: Visible Disconnect

Enhancing bank competition, among other measures, could adequately strengthen interest rate transmission; but the danger is in overreaching and losing leverage.

by Ramkishen S. Rajan | On 16 Aug 2015

Entrepreneurship: A Way out for Unemployed Youth in India

Young people are major human resource for development and driving force for economic development. Global youth unemployment rate is projected at 12.6 per cent. India, ranks 7th in unemployment percent...

by Sarita Sanwal | 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

Reduction of GHG Emissions and Attainment of Energy Security through Sustainable Production of Biofuels: Is it a Viable Option? A Review of Experinces

The National Policy on Biofuels sets an indicative target of 20per cent blending of biofuels by 2017 to tackle the twin problem of energy security and climate change. Although biofuels seem to be the...

by Gopinath Reddy | On 13 Aug 2015

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

Rationalisation of Agriculture in Kerala: Implications for Natural Environment, Agro-Ecosystems and Livelihoods

This paper takes on an older debate that the agriculture transformation in the regional economy of Kerala has been mainly driven by ‘peasant rationality’. It argues that the agrarian transformation...

by Viswanathan P K | On 31 Jul 2015

Future and New Thoughts on Co-operative Banks

The co-operative movement in India is more than a century old; regulation thereof is also more than a century old with the first major impetus provided by the passage of the Co-operative Society Act i...

by R. Gandhi | On 29 Jul 2015

The Sunday Edit: Compulsory Altruism Or, A National Moral Economy?

The Give It Up campaign opens as an appeal to altruism and then proposes a moral economy using a reasoning that aligns altruism with nationalism and a sense of national belonging

by Pramod K. Nayar | On 26 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

The Sunday Edit: Different Strokes

The processes followed in estimating and adjudicating damage in arriving at the recent settlement in the five-year old BP oil well disaster are an object lesson in what should have happened in the cas...

by Sathinath Sarangi | On 12 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

The Hidden Workforce: A Study on Child Labour in the Garment Industry in Delhi

Over 168 million children across the world are trapped in the vicious cycle of child labour. Deprived of their basic right to survival, protection, development and participation, these children, betwe...

by Save the Children | On 07 Jul 2015

The Challenge of Employment in India An Informal Economy Perspective: Volume I

This is the final report of the National Commission for Enterprises in the Unorganised Sector, which was set up by the Government of India on 20th September 2004, to "review the status of unorganized/...

by National Commission for Enterprises in the Unorgan NCEUS | On 07 Jul 2015

Waste Pickers in Pune, India

Recent statistics show the majority of workers in developing countries earn their livelihoods in the informal sector. For this paper, a sample of 150 was randomly drawn from the membership database of...

by Poornima Chikarmane | On 06 Jul 2015

Is Imperialism a Relevant Concept in Today’s World?

This paper explores some aspects of the imperialism/empire/new imperialism debate and looks at whether imperialism remains to be a valid theoretical category in analyzing contemporary economics and po...

by Subhanil Chowdhury | On 02 Jul 2015

Education and Academic Entrepreneurship in India

The paper aims to explore few aspects of academic entrepreneurship. Besides dwelling upon the conceptual definition, there is an attempt to understand the processes and stages of academic entrepreneur...

by Deepthi Shanker | On 30 Jun 2015

The Global Economic Crisis and Asian Developing Countries: Impact, Policy Response and Medium Term Prospects

After several years of impressive growth, the world economy encountered an equally impressive downturn starting in the third quarter of 2008, triggered by financial fragility and imbalances generated...

by Yilmaz Akyuz | On 29 Jun 2015

Promoting Women's Participation in the APEC Economies: Some Recommendations

Increasing women`s economic participation is not yet universally accepted despite three decades of global advocacy; and women empowerment and gender equality are still a work in progress. A mechanism...

by Lucita Lazo | On 26 Jun 2015

Street Vendors and the Dynamics of the Informal Economy: Evidence from Vung Tau, Vietnam

The role of the informal economy in promoting genuine economic development remains a contested one: optimists believe potential entrepreneurs are capable of supporting themselves and their families, p...

by John Walsh | On 25 Jun 2015

Policy Issues on Street Vending: An Overview of Studies in Thailand, Cambodia and Mongolia

Street vending and urban space for micro enterprises constitute an important policy theme that needs to be advanced further in development literature and policy. In many countries, urban space tends t...

by Kyoko Kusakabe | On 24 Jun 2015

Reflections on India's Emergence in the World Economy

This paper attempts to capture how India embraced the world economy against the backdrop of the evolving domestic and international economic policy environment. It began with a brief overview of the...

by | On 24 Jun 2015

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

Inter-State Disparities in Economic Growth in India: Some Policy Implications for Laggard States

Faster economic growth of some of the backward states like Bihar, Uttarakhand and Chhattisgarh in the post 2004-05 compels us to think if it is any indicative of convergence among states of India. How...

by Anjali Masarguppi | On 10 Jun 2015

Five Growth Strategies for Myanmar: Re-engagement with the Global Economy

After decades of isolation, Myanmar is now actively re-engaging with the global economy. For successful re-engagement, Myanmar needs to implement comprehensive economic reforms based on a shared visio...

by So Umezaki | On 10 Jun 2015

Creative Economy: A Feasible Development Option: Report 2010

The United Nations' first Creative Economy Report was published in early 2008, at a time when the world economy had been under- going a period of expansion. The report concluded that the creative indu...

by | On 07 Jun 2015

In Search of a Model Land Legislation the New Land Acquisition Bill and its Challenges

The draft Land Acquisition and Rehabilitation and Resettlement Bill, which was introduced in the Lok Sabha on September 7, 2011 is one of the most important legislations waiting for Parliamentary appr...

by Niranjan Sahoo | On 05 Jun 2015

'Look East through Northeast': Challenges and Prospects for India

This paper focuses on the considerable hurdles and limitations encountered in carrying forward India's 'Look East' through Northeast—problems caused by the nature of physical terrain, the history of v...

by Subir Bhaumik | On 04 Jun 2015

The Dance of the Elephant and the Dragon: The Promise and Perils of Sino-Indian Relations

India and China, two of the world's oldest civilisations, have had little historically relevant interactions with one other. Separated by the world's highest mountain range, the Himalayas, neither of...

by Himanil Raina | On 04 Jun 2015

Indian Payments System Kaleidoscope

The recent developments in the area of payment systems in India is highlighted. There are some issues and challenges that are likely to assume importance in the foreseeable future and the way forwar...

by S.S. Mundra | On 04 Jun 2015

Women and Work in South Asia: Changes and Challenges

This paper examines a number of questions that have a bearing on women’s employment in South Asia. The characteristic features of the region such as the predominantly rural, agrarian economy; patriarc...

by | On 04 Jun 2015

Analysis of Trends in India’s Agricultural Growth

The present study discusses the trends and patterns in agricultural growth at the national and sub-national levels in India. Data on important variables like area, production, input use and value of o...

by Elumalai Kannan | On 04 Jun 2015

E-Waste in India

Like hazardous waste, the problem of e-waste has become an immediate and long term concern as its unregulated accumulation and recycling can lead to major environmental problems endangering human heal...

by Rajya Sabha | On 04 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 WHO Global Disability Action Plan 2014–2021

This provides guidance on the draft action plan for better health to disable people. There are more than 1000 million people with disability worldwide, about 15% of the global population. The prevalen...

by World Health Organisation (WHO) | On 01 Jun 2015

Land Markets, Government Interventions, and Housing Affordability

Urban population growth and economic growth require cities to expand into the agricultural land on their periphery. How much land is required for this extension? How much planning and direct intervent...

by Alain Bertaud | On 01 Jun 2015

Bad Karma or Discrimination? Male-Female Wage Gaps among Salaried Workers in India

This paper analyses the issue of gender parity in wages by focusing on the evolution of male-female wage gaps for an emerging economy, India, and decomposes the gaps to understand patterns of gender-b...

by Ashwini Deshpande | On 29 May 2015

YOJANA Volume 58, Issue 1- January 2014

The January 2014 issue of YOJANA contains the following articles - Tribal and Marginalized Communities, Constitutional Provisions, Laws and Tribes, Actualising Adivasi Self-Rule, The Food Bill, Wild F...

by Ministry of Information and Broadcasting MIB | On 11 May 2015

Understanding Poverty in India

Inclusive growth needs to be achieved to reduce poverty and other disparities and raise economic growth. This book develops a poverty profile for India in view of the ongoing national and global effor...

by Asian Development Bank Institute | On 08 May 2015

Guide on Right to Information Act, 2005

The present guide is an updated and consolidated guide for the use of all stakeholders. This guide contains five parts. Part I of the guide discusses some aspects of the Act which all the stake-holder...

by Government of India GOI | On 27 Apr 2015

Increasing Economic Opportunities of Women in the APEC

The paper argues for increasing women`s economic opportunities in the APEC region and states that women`s participation in the economy is skewed toward micro and small enterprises and they are mostly...

by | On 23 Apr 2015

Millennium Development goals India Country Report- 2015

This report entitled "Millennium Development Goals India Country Report 2015", which is the latest in a series of such reports since 2005, captures India's achievements and challenges in respect of th...

by Ministry of Statistics and Programme Implementatio GOI | On 21 Apr 2015

The Coal Mines (Special Provisions) Act, 2015.

An Act to provide for allocation of coal mines and vesting of the right, title and interest in and over the land and mine infrastructure together with mining leases to successful bidders and allottees...

by Ministry of Law and Justice GOI | On 20 Apr 2015

Economic Survey of Maharashtra 2014-15

Maharashra Government, State Economy, Population, State income, Prices & Public Distribution System, Public Finance, Institutional Finance & Capital Market, Agriculture & Allied Activities, infrastru...

by Government of Maharashtra | On 09 Apr 2015

Banker-Borrower Interplay: Synergies and Challenges

A determining aspect of the banker-borrower relationship is built on trust and understanding. It is also important that these relationships neither get too cosy nor do they get too strained as either...

by S.S. Mundra | On 27 Mar 2015

Electoral Reforms 2015, India

The law Commission of India has submitted its Report No. 255 on “Electoral Reforms” to the Union Law and Justice Ministry. Informing this to the Media persons here in New Delhi Justice Shri A. P. Shah...

by Law Commission India | On 18 Mar 2015

Kerala Budget 2015-16

Budget speech of Kerala Finance Minister K M Mani.

by K.M. Mani | On 13 Mar 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

Budget for the Rich to get Richer and throw Crumbs to the Poor

A substantial part of the 2015 Budget Statement is interspersed with the promise that ‘every rupee of public expenditure…will contribute to the betterment of people’s lives through job creation, pover...

by Gautam Mody | On 03 Mar 2015

Indian Railway Budget Speech 2015-16

Speech of Shri Suresh Prabhakar Prabhu introducing the Railway Budget for 2015-16

by Suresh Prabhakar Prabhu | On 26 Feb 2015

Democracy, Inclusion, and Prosperity

People want to live in a safe prosperous country where they enjoy freedom of thought and action, and where they can exercise their democratic rights to choose their government. But how do countries en...

by Raghuram G. Rajan | On 24 Feb 2015

Pre-Budget Memorandum 2015-16

This document provides an overview the current state of the Indian economy; lists the issues related to investment and finance for various Indian industries; finally makes a list of suggestions for th...

by Federation of Indian Chambers of Commerce and Industry | On 19 Feb 2015

New Challenges Before the Indian Nation

What are the new challenges before the Indian nation, its new government and the people's movement? (In Hindi)

by Abhay Kumar Dubey | On 29 Jan 2015

Economic Sociology and Political Economy: A Programmatic Perspective

The paper presents some of the ideas underlying the current research program of the Max Planck Institute for the Study of Societies (MPIfG). It begins with a discussion of how the institute’s pro- gra...

by Jens Beckert | On 18 Jan 2015

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

Impact of Public Spending on Health and Education of Children in India: A Panel Data Simultaneous Equation Model

The basic objective of the study is to examine the impact of public expenditure on health and education after incorporating the linkages between health status of children and their educational achiev...

by Runu Bhatka | On 12 Dec 2014

Impediments to Contract Enforcement in Day Labour Markets: A Perspective from India

This paper focuses on one such setting in India's urban informal economy: the 'day labour' market for casual labour. We survey seven such markets in Navi Mumbai (a city on the outskirts of Mumbai),...

by Karthikeya Naraparaju | On 12 Dec 2014

Dietary Intake and Rural-Urban Migration in India: A Cross-Sectional Study

Migration from rural areas of India contributes to urbanisation and lifestyle change, and dietary changes may increase the risk of obesity and chronic diseases. It tests the hypothesis that rural-to-u...

by Shah Ebrahim | On 02 Dec 2014

Multidimensional Poverty and Child Survival in India

Though the concept of multidimensional poverty has been acknowledged cutting across the disciplines (among economists, public health professionals, development thinkers, social scientists, policy make...

by Sanjay K. Mohanty | On 02 Dec 2014

Land of exclusion: India exclusion Report 2013-14

The report seeks to track and map the extent to which central and state governments in India have succeeded in ensuring access to a range of basic public goods for all people. This report argues that...

by Centre Equity Studies | On 27 Nov 2014

Economic Evaluation of Minority Welfare

The authors review the conceptualisation, and implementation of policies related to the welfare of minority communities in India, with a special focus on Muslims as a minority group. Using the case s...

by Ritu Dewan | On 21 Nov 2014

Socio-Economic Status of the Notified Minority Communities

The report provides a detailed quantitative account of the four notified minority communities – Sikhs, Christians, Buddhists and Parsis using all available information. The study takes into account th...

by Institute Human Development | On 11 Nov 2014

Migration and Urbanisation in India in the Context of Poverty Alleviation

Migration and urbanization are direct manifestations of the process of economic development in space, particularly in the contemporary phase of globalization. Understanding the causes and consequences...

by Amitabh Kundu | On 11 Nov 2014

Urbanization

Urbanisation in India is neither unique nor exclusive but is similar to a world-wide phenomenon. Indian urbanisation has proceeded as it has elsewhere in the world as a part and product of economic ch...

by K.C. Sivaramakrishnan | On 11 Nov 2014

Socio Economic Profile of Muslims in Maharashtra

Maharashtra’s multicultural milieu is marked by crucial contribution made by Muslims. The Sachar Committee Report, 2006 stated that the condition of Muslim in Maharashtra demands special attention o...

by Vibhuti Patel | On 11 Nov 2014

Social Exclusion and (RSBY) Rashtriya Swasthya Bima Yojana in Maharashtra

Out-of-pocket payments make up a large proportion of total health expenditure leading to inequity amongst the poorer sections. Recently government of India has instigated various demand side financing...

by Harshad Thakur | On 11 Nov 2014

Too Little, Too Late: Rashtriya Swasthya Bima Yojana in Maharashtra

While the union government announced its plan to extend the Rashtriya Swasthya Bima Yojana to the unorganised working class poor. The Government of Maharashtra has decided to scrap RSBY and replace it...

by Sujata Gothoskar | On 11 Nov 2014

Mortality Burden and Socioeconomic Status in India

The dimensions along which mortality is patterned in India remains unclear. We examined the specific contribution of social castes, household income, assets, and monthly per capita consumption to mort...

by Y. T. Po June | On 07 Nov 2014

Participation in Economy

This is the 4th Chapter of the report 'Women and Men in India' by CSO. Although women constitute a little less than the half of the economically active population, but their contribution to economic...

by Central Statistical Organization CSO | On 03 Nov 2014

Spillover Effects of Exchange Rates: A Study of the Renminbi

This paper estimates the impact of China’s exchange rate changes on exports of competitor countries in third markets, which is called as the “spillover effect. Recent theory is used to develop an id...

by Aaditya Mattoo | On 29 Oct 2014

The Global Gender Gap Report 2014

Through the Global Gender Gap Report 2014, the World Economic Forum quantifies the magnitude of gender-based disparities and tracks their progress over time. While no single measure can capture the co...

by World Economic Forum WEF | On 29 Oct 2014

The Evolution of Institutions in India and its Relationship with Economic Growth

The tepid-to-torrid transformation in India’s economic growth since the early 1980s is one of the big stories of recent times. Whereas “Midnight’s children” saw their standard of living double ove...

by Arvind Subramanian | On 22 Oct 2014

World Trade Report 2014: Trade and Development- Recent Trends and the Role of the WTO

The World Trade Report 2014 looks at how four recent major economic trends have changed how developing countries can use trade to facilitate their development. These trends are the economic rise of de...

by World Trade Organisation WTO | On 21 Oct 2014

Institutions Rule: The Primacy of Institutions over Geography and Integration in Economic Development

The authors estimate the respective contributions of institutions, geography, and trade in determining income levels around the world, using recently developed instrumental variables for institutions...

by Arvind Subramanian | On 21 Oct 2014

Four Facts on India’s Growth in the 2000's

This paper marks the first attempt at examining the growth performance across Indian states for the 2000s, a period also marked by the global financial crisis. Four key finding emerge from the paper...

by Arvind Subramanian | On 21 Oct 2014

A “Greenprint” for International Cooperation on Climate Change

International negotiations on climate change have been dogged by mutual accusations between industrialized and developing countries, shrinking global carbon budget and change in power relations as a r...

by Aaditya Mattoo | On 20 Oct 2014

Four Changes to Trade Rules to Facilitate Climate Change Action

The tension between trade and climate change has arisen in part because of the assumption that climate change action (e.g., carbon price increases) can be taken as a given. The question that many pape...

by Aaditya Mattoo | On 20 Oct 2014

Criss-Crossing Migration

The current perspective on the flow of people is almost exclusively focused on permanent migration from poorer to richer countries and on immigration policies in industrial countries. This perspective...

by Aaditya Mattoo | On 20 Oct 2014

Innovative Asia: Advancing the Knowledge-Based Economy

This report presents the case studies of the People’s Republic of China, India, Indonesia and Kazakhstan in their knowledge-based economy approaches. It identifies a range of policies and initiatives...

by Jonathan Chen | On 25 Sep 2014

Causes of Indian Rupee Depreciation and its Impact on Bangladesh Economy

The intention of this paper is to examine the impact of Indian Rupee depreciation on Bangladesh Economy. The empirical results obtained from OLS for the sample period from 2007:10 to 2013:10 show tha...

by Sayera Younus | On 25 Sep 2014

Political Economy of Transition from Manmohanomics to Modinomics

The inaugural budget of the NDA led government has been a cause of some surprise and disappointment amongst those who were eagerly expecting a new radical dose of neo-liberal reforms. It appeared that...

by Surajit Mazumdar | On 22 Sep 2014

Worker’s Rights and Practices in the Contemporary Scenario: An Overview

This book offers a careful summary of the rights and practices of work in the Indian labour market. In specific, it deals with rights deficiency of workers in different sectors especially on agricultu...

by V.V. Giri Labour Institute | 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

A Handbook of Statistical Indicators of Indian Women

The Handbook is intended to provide a bird's eye view of the present status of Indian women. The various tables indicate the primary data sources and the key facts are presented in bullet points at th...

by Government of India Ministry of Women and Child Development | On 15 Sep 2014

Informal Sector and Conditions of Employment in India

Keeping in mind the significant number of labour engaged in informal sector of the economy, the report has probed into the characteristic of the informal labour force and the enterprises in which they...

by National Sample Survey Office NSSO | On 09 Sep 2014

State of Literacy among Adolescents and Youth Population

Gives an overall view about the literacy rates of youth and adolescents in India.

by A.K. Samal | On 06 Sep 2014

Economic Implications of Deeper South Asian–Southeast Asian Integration

South and Southeast Asian economic integration via increased trade flows has been increasing significantly over the past 2 decades, but the level of trade continues to be relatively low. This under pe...

by Ganeshan Wignaraja | On 22 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

The Political Economy of MGNREGS Spending in Andhra Pradesh

Are ostensibly demand-driven public programs less susceptible to political clientelism even when private goods are allocated? This is examined using expenditure data at the local level from India’s N...

by Megan Sheahan | On 01 Aug 2014

Employment Stagnancy in India: Policy Plus Monetary reform

The Indian economy is witnessing a dichotomous trend- an increasing share of employment in industry with decline in Value Added to output. When compared to other Asian economies, we’re adding workers...

by Aritra Chakrabarty | On 10 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

The World’s Youth – Data Sheet 2013

The Population Reference Bureau factsheet presents various facts about young people across the world. Some of the data refers to teenage pregnancy, childbirth, prevalence of child marriage in the worl...

by PRB Population Reference Bureau | On 17 Jun 2014

Jobs and Livelihoods Mapping the Landscape

The Indian labour market is characterised by abysmally low participation of women in the labour market, enormity of low wage informal employment, and scarcity of decent regular wage employment. The c...

by IRIS Knowledge Foundation IKF | On 17 Jun 2014

PRS Legislative Research: Annual Policy Review-April 2013 – March 2014

The PRS Annual Policy Review aims to capture the key legislative and policy developments in India during the fiscal year 2013-14. The objective of this document is to summarise all the major devel...

by Parliamentary Research Service PRS | On 05 Jun 2014

Organised Labour and Economic Liberalisation India: Past, Present and Future.

This paper examines the role of organised labour in India in a structural and historical context. It attempts to trace the economic, political and social effects of the trade union movement and its st...

by Debashish Bhattacharjee | On 23 May 2014

Deregulating the Transfer of Agricultural Technology: Lessons from Bangladesh, India, Turkey, and Zimbabwe

Many transition and developing economies have reduced direct public involvement in the production and trade of seed and other agricultural inputs. This trend creates opportunities for farmers to reali...

by David Gisselquist | On 23 May 2014

The Information and Communication Technology Sector in India: Performance, Growth and Key Challenges

The rapid emergence of the information and communication technology (ICT) sector has placed India on the global stage during the last one and a half decades. e sector has acted as a catalyst for growt...

by Organization of and Development | On 23 May 2014

Globalization Comes Home: Protecting Migrant Domestic Workers’ Rights

In the hopes of earning money for a better life, and with few other alternatives, millions migrate to big cities or across borders to work as live-in nannies, caretakers for the elderly, and house-cle...

by Nisha Varia | On 08 May 2014

Extensive and Intensive Margins of India's Exports: Comparison with China

Should India's export promotion policies be targeted at accelerating export growth at the extensive(new trading relationships) or at the intensive margin (increase in trade of existing relationships)...

by C. Veeramani | On 08 Apr 2014

Does Income Inequality Cause Health And Social Problems?

This report provides an independent review of the evidence about the impact of inequality. The report examines whether or not there is a link between income inequality and health and social problems;...

by Karen Rowlingson | On 14 Mar 2014

Role Of Micro, Small And Medium Enterprises In Inclusive Growth

The Micro, Small and Medium Enterprise sector is crucial to India’s economy. There are 30 million enterprises in various industries, employing 69 million people. Together, these account for 45% of the...

by Srinivas. K T. | On 11 Mar 2014

Informal Sector: Definitions and its Implications for Growth

This paper discusses the importance of the informal sector in supporting livelihoods and contributing to production and consumption activities of developing countries is widely evident. However, lack...

by Niru Yadav | On 10 Mar 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

Interim Budget 2014-15

Budget speech by 2014-15.

by P Chidambaram | On 17 Feb 2014

Why So Few Women in Politics? Evidence from India

In this paper we analyze women as political candidates in a representative democracy. Using 50 years of assembly elections data at the constituency level from the Indian states, we show that women are...

by Mudit Kapoor | On 30 Jan 2014

Sold to the Sea: Human Trafficking in Thailand's fishing industry

Thailand’s economy is heavily reliant on labour-intensive industries. However, growing economic prosperity since the late 1980s has seen a decline in the available Thai workforce needed to meet the la...

by Environmental Justice Foundation (EJF) | On 24 Jan 2014

Structural Reforms and Agriculture: Issues and Policies

The performance of Agriculture in India is important as the sector not only contributes to overall growth of the economy but also provides employment and food security to majority of the population...

by S. Mahendra Dev | On 23 Jan 2014

A Turbulent Pakistan: India’s Choices in Response

The fate and future of Pakistan has been an issue of considerable concern and anxiety not only inside Pakistan but in the world at large and South Asia in particular. The Fund for Peace project on the...

by S.D. Muni | On 22 Jan 2014

Under the Thumb of History? Political institutions and the Scope for Action

This paper discusses the two leading views of history and political institutions. For some scholars, institutions are mainly products of historical logic, while for others, accidents, leaders, and dec...

by Abhijit V. Banerjee | On 20 Jan 2014

Gender Equality and the Labour Market: Cambodia, Kazakhstan and Philippines

Increasing job opportunities and decent work for women are essential for inclusive growth, and they are vital for advancing economic and social development in a country. This approach to attaining eco...

by Asian Development Bank Institute | On 16 Jan 2014

Women's Migration, Urban Poverty and Child Health in Rajasthan

The paper is concerned with the high levels of infant and child illness and death amongst poor urban slum communities in Rajasthan, a state with one of the highest infant mortality rates in India. Ur...

by Maya Unnithan Kumar | On 15 Jan 2014

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

Fundamental Principles and Rights at Work and Informal Economy in India: Trends, Initiatives and Challenges

This work examines the status of Fundamental Principles and Rights at Work (FPRW) in the informal economy in India and locates the gaps and challenges in ratifying the ILO Conventions 87, 98, 138 a...

by Dhanya M.B | On 19 Nov 2013

When  Ideas Trump Interests :  Preferences, World Views, and Policy  Innovations

The contemporary approach to political economy is built around vested interests -- elites,  lobbies, and rent-seeking groups which get their way at the expense of the general public. The  role of id...

by Dani Rodrik | On 06 Nov 2013

Rural Development in India: State level Experiences

Rural development reflects in the improvements in the economic well being of people living in villages. In someway, it reflects in the increase in the purchasing power of the rural inhabitants. This...

by Ch.Sambasiva Rao | On 18 Oct 2013

India's Demographic Challenge

India’s leaders have long said they are committed to employment, but have shown little stomach for the economic upheaval rapid job creation entails. The economy will soon have a fifth of the world’s...

by Anonymous | On 17 Oct 2013

Measuring International Remittances in India: Concepts and Empirics

India is the top remittance receiving nation in the world. The international remittance receipts in India have grown at an impressive rate of 300 per cent during the past decade. Understanding the tru...

by Puja Guha | On 13 Sep 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

Statement by Dr. Raghuram Rajan

Statement by Dr. Raghuram Rajan on taking office on September 4, 2013. [RBI Press release].

by Sabeeta Badkar | On 05 Sep 2013

Five Years of Leading the Reserve Bank: Looking Ahead by Looking Back

This Tenth Nani A. Palkhivala Memorial lecture lecture centres around the role and responsibility of a central bank in a democratic structure. Central banks make macroeconomic policy that influences t...

by Duvvuri Subbarao | On 30 Aug 2013

Historical Changes in Relations Between China and Neighboring Countries (1949–2012)

In China’s foreign affairs and security studies, the concept of the ‘neighborhood’ (zhoubian) has a special meaning that has changed gradually over time. As China has developed, its leadership has be...

by Zhang Chi | On 12 Aug 2013

Role of Culture in Celebrity Endorsement: Brand Endorsement by Celebrities in Indian Context-A Review, Synthesis and Research Propositions

This paper uses the lens of culture to develop propositions on how customer attitude towards celebrity endorsements is a function of cultural parameters in emerging countries like India. [W.P. No. 201...

by . Abhishek | On 08 Aug 2013

The '4 in 1' Training Programme: Capacity Building Initiative for Building Health/Nutrition Workers’ Skills in Infant and Young Child Feeding Counseling

Breastfeeding is the optimal nutrition for infants and reduces the risk of infectious diseases like diarrhoea and pneumonia substantially.4 Breastfeeding may also enhance the effect of some vaccines....

by Breastfeeding Promotion Network of India BPNI | On 06 Aug 2013

Basic Household Amenities in India: A Progress Report

The present paper makes an attempt to analyse the progress of India in three important ‘basic human needs’ essential for a human life. These are access to latrine facility, safe drinking water and ele...

by Udaya S. Mishra | On 01 Aug 2013

Infant and young child feeding

Undernutrition is associated with more than one third of the global disease burden for children under five. Infant and young child feeding is a key area to improve child survival and promote healthy g...

by World Health Organisation (WHO) | On 01 Aug 2013

Fuel Price Hike and Indonesia’s Energy Insecurity

Fuel price hikes have always been unpopular in Indonesia, largely because of their wide-ranging impact on the population. Yet, it is undeniable that the current high subsidies are unsustainable. To mo...

by Margareth Sembiring | On 26 Jul 2013

Why Is Mobility in India So Low? Social Insurance, Inequality, and Growth

This paper examines the hypothesis that the persistence of low spatial and marital mobility in rural India, despite increased growth rates and rising inequality in recent years, is due to the existenc...

by Kaivan Munshi | On 22 Jul 2013

GNH, EI and the Well-Being of Nations: Lessons for Public Policy Makers, with Specific Reference to the Happiness Dividend of Tourism

This paper has two objectives: firstly, to conceptually explore the theoretical underpinnings of GNH and how it relates to societal EI and, secondly, to evaluate within this theoretical context the ha...

by Shaun Vorster | On 16 Jul 2013

Innovation, Efficiency, Productivity and Intellectual Property Rights: Evidence from a BRIC Economy

The innovation, efficiency and productivity responses to the stronger protection of intellectual property rights post-TRIPs, with reference to manufacturing industry in India is studied. The fact that...

by Sunil Kanwar | On 12 Jul 2013

An Explanatory 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 28 Jun 2013

Four Years of Progress: Bangladesh Marches On-Budget Speech 2013-14

Supplementary Budget for the fiscal year 2012-13 and the Budget Estimates for the fiscal year 2013-14. [http://www.mof.gov.bd/en/budget/13_14/budget_speech/speech_en.pdf].

by Abul Maal Abdul Muhith | On 07 Jun 2013

Revisiting the Growth-Inflation Nexus: A Wavelet Analysis

Motivated by the concern that the recent surge in inflation could retard growth, the paper revisits the nexus between inflation and growth from the perspective of an emerging economy, India. Examining...

by Saumitra N Bhaduri | On 23 May 2013

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

What Is Wrong With Kerala’s Education System?

The question that is increasingly being posed is whether Kerala's education can continue to play a major role in the future without keeping up with the vast changes taking place in all disciplines. It...

by K.K. George | On 25 Apr 2013

The Political Economy of Food Pricing Policy in China

The overall goal of this paper is to analyse the political economy of food price policies in China during the global food crisis. The results show that given China’s unique economic and political co...

by Jikun Huang | On 18 Apr 2013

Twelfth Five Year Plan (2012–2017): Faster, More Inclusive and Sustainable Growth

Twelfth Five Year Plan (2012-2017). [Planning Commission, GOI]. URL:[http://planningcommission.nic.in/plans/planrel/12thplan/pdf/vol_1.pdf].

by Planning Commission | On 10 Apr 2013

Budget Analysis: Kerala Budget 2013-14

The Minister of Finance, K.M Mani , presented the General Budget 2013 to the State Assembly on March 15, 2013. In his address, he commented on the fiscal performance of the State in 2012-13 and laid...

by Vishnu Padmanabhan | On 09 Apr 2013

Federal Budget Pakistan: 2012-13

Budget speech by Minister of Finance. [Ministry of Finance]. URL:[http://www.finance.gov.pk/budget/budget_Speech_12_13.pdf].

by Minister of Finance Pakistan | On 22 Mar 2013

Indian Banking Sector: Pushing the Boundaries

Asset quality of banks has come under increasing pressure with rising NPAs and Restructured loans. The Gross NPA ratio for the banking system, which was 2.4% in March 2011, increased to 3.6 per cent b...

by Chakrabarty K C | On 07 Mar 2013

Repayment and Exclusion in a Microfinance Experiment

The experiment is designed to explore the effectiveness of such sanctions in improving repayment incentives. Groups of 10 members are provided with joint-liability loans for a specific investment pr...

by Jean Marie Baland | On 07 Mar 2013

Explaining Access to Credit by Rural Households: Results based on a Study of Several States in India

Against the backdrop of evolution of rural credit system in India as well as its observed failure to be inclusive in character, this paper makes use of a fairly large data set of the Center for Manage...

by Saugandh Datta | On 07 Mar 2013

Gambling on the Private Sector at the Cost of the Working Class: NTUI Statement

The budget offers no programme for job creation or any substantive policy measures to contain inflation that continues to erode the real wage while it commits itself to cash transfers and cuts in subs...

by Gautam Mody | On 01 Mar 2013

Budget Speech 2013-2014

Budget Speech by Chidambaram.

by P Chidambaram | On 28 Feb 2013

Odisha Budget 2013-14: Part II General

Budget speech presented by Prasanna Acharya. General Budget is presented.

by Government of Orissa | On 25 Feb 2013

An Investigation into Changes in Nagaland's Population between 1971 and 2011

Nagaland’s population decreased during 2001–11 after growing at abnormally high rates during the past few decades. This is the first time since independence that a state in India has witnessed an ab...

by Ankush Agrawal | On 21 Feb 2013

Indian economy: Kal, Aaj aur Kal

Why has the economy landed in a trough of growth and high inflation and does not look like getting out of it in the year ahead?

by Sumita Kale | On 14 Feb 2013

Metabolism Of Mumbai- Expectations, Impasse and the Need For a New Beginning

As population and human activities expand they exert heavy environmental pressure through the resource requirement, their production and consumption. Hence, it is important to understand the resource...

by B. Sudhakara Reddy | On 12 Feb 2013

Economic Policies and Agricultural Incentives: The Philippine Case

The purpose of this paper is to analyze the impact of economic policies on Philippine agricultural incentives from 1960 up to 1992. Apart from economic policies affecting price incentives, cover publi...

by Cristina C. David | On 24 Jan 2013

Land Acquisition for Industrialization and Compensation of Displaced Farmers

This paper addresses the question of how farmers displaced by acquisition of agricultural land for the purpose of industrialization ought to be compensated. Prior to acquisition, the farmers are leasi...

by Maitreesh Ghatak | On 22 Jan 2013

Microfinance in Evolution: An Industry Between Crisis and Advancement

Following the international financial crisis that started in 2007, market growth and MFI performance started to deteriorate. Over the last decade the market has matured and become more efficient. Is...

by Cédric Lützenkirchen | On 14 Jan 2013

How to Tackle Food Insecurity in Asia

Review of the book Food Security in Asia, by Amitava Mukherjee Sage Publications India 2011 pp. xix+392, Rs 895/-.

by Rudra Narayan Mishra | On 04 Jan 2013

The Real Exchange Rate and Export Growth: Are Services Different?

The determinants of exports of services, distinguishing between modern and traditional services are considered. The growth of export volumes and so-called export surges – periods of rapid sustained...

by Barry Eichengreen | On 02 Jan 2013

Women Workers from Asia to Gulf: Its Outcomes

Review of the book 'Migration of Women Workers from South Asia to the Gulf' By Rakkee Thimothy, S.K. Sasikumar, UN Women, 2012

by R. S. Reshmi | On 24 Dec 2012

Vital Stats: Parliament in Winter Session 2012

The first half of the Winter Session of Parliament, 2012 was dominated by disruptions over and discussion on the government's notification to allow 51% FDI in the retail sector. The issue was finally...

by Devika Malik | On 21 Dec 2012

An Assessment of Livelihood and Educational Status of Sanitation Workers in Ahmedabad, Gujarat

This study was conducted in 25 neighborhoods and 5 zones of the Ahmedabad Municipal Corporation (AMC). A total of 50 sanitation workers were interviewed and through them the condition of their famil...

by Ashish Mishra | On 05 Dec 2012

Review of Input and Output Policies for Cereals Production in Pakistan

This report reviews the input and output policies for cereals implemented in Pakistan during the period 1996–2010. Pakistan has a long and varied history of intervening in farm input and output market...

by Abdul Salam | On 16 Nov 2012

Why was the Participation of Indian States in the Growth Turnaround so Patchy? Some Evidence Based on Robustness Analysis

In Ghate & Wright Journal of Development Economics, vol. 99 (2012) pp 58–67, it was noted that there was considerable variation in the extent to which different Indian states participated in the Gr...

by Chetan Ghate | On 02 Nov 2012

Mid Term Appraisal of Eleventh Five Year Plan - 2007 - 2012

The Mid-Term Appraisal (MTA) reviews the experience in the first three years of the Plan and seeks to identify areas where corrective steps may be needed. The chapter presents a broad overview of the...

by Planning Commission | On 05 Oct 2012

Bihar: What went wrong? And what changed?

A historical narrative of Bihar is provided context to much of its current state, Focus is given on its contemporary economy in the past three decades to better understand the moribund state of its ec...

by Arnab Mukherji | On 28 Sep 2012

On the Internal Mobility of Indians: Knowledge Gaps and Emerging Concerns

This paper identifies key knowledge gaps on the issue of migration and commuting workers in India. [WP-2012-023]. URL:[http://www.igidr.ac.in/pdf/publication/WP-2012-023.pdf].

by S. Chandrasekhar | On 27 Sep 2012

Notional Contracts: The Moral Economy of Contract Farming Arrangements in India

This study examines the moral economy of firm-farmer contracts in contract farming schemes in India, bringing together data from field surveys, conducted between 2007 and 2010, of 42 agribusinesses a...

by Sudha Narayanan | On 20 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

The Challenge of Employment in India: An Informal Economy Perspective Volume I - Main Report

India is perhaps the first country to set up, at the national level, a commission to study the problems and challenges being faced by what in India is called the unorganized economy - or the informal...

by NCEUS NCEUS | On 05 Sep 2012

Report on Conditions of Work and Promotion of Livelihoods in the Unorganised Sector

This Report is focused on the informal or the unorganized economy which accounts for an overwhelming proportion of the poor and vulnerable population in an otherwise shining India. It concentrates on...

by NCEUS NCEUS | On 05 Sep 2012

Financial Stability Report Issue No. 5

The report reflects the collective assessment of the Sub Committee of the Financial Stability and Development Council (FSDC) on potential risks to financial stability. [RBI]. URL:[http://rbidocs.rbi....

by Reserve Bank of India RBI | On 04 Sep 2012

Economic and Financial Developments in Uttarakhand

A brief outline of the economic and financial structure of the State and the various financial inclusion initiatives taken by the Reserve Bank is highlighted. But there are some policy challenges in s...

by Deepak Mohanty | On 03 Sep 2012

Revisiting the Devolution of ENR Functions

The devolution of environment and natural resource functions to local government units was a bold move in the history of environmental Management in the Philippines. However, the implementation of the...

by Senate Economic Planning Office SEPO | On 28 Aug 2012

Economic and Financial Developments in Odisha

The economic and financial structure of Odisha is highlighted. Various financial inclusion initiatives are taken by the Reserve Bank with a particular reference to Odisha. The macroeconomic policy cha...

by Deepak Mohanty | On 22 Aug 2012

The Public Interest Disclosure and Protection to Persons Making the Disclosures Bill, 2010

Commonly known as the Whistleblower's Bill, it seeks to establish a mechanism to register complaints on any allegations of corruption or wilful misuse of power against a public servant. The Bill also...

by Parliamentary Research Service PRS | On 17 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

Constraints Faced by Industry in Punjab, Pakistan

What are the main impediments to investment and industrial productivity in Punjab which have contributed to this unprecedented decline in growth? This is done by analyzing the 2007 Investment Climate...

by Syed Turab Hussain | On 08 Aug 2012

Capitalism as a System of Contingent Expectations: Toward a Sociological Microfoundation of Political Economy

Political economy and economic sociology have developed in relative isolation from each other. While political economy focuses largely on macrophenomena, economic sociology focuses on the level of soc...

by Jens Beckert | On 07 Aug 2012

Suicide and Property Rights in India

Is there an impact of female property rights on male and female suicide rates in India. Using state level variation in legal changes to women's property rights, it is shown that better property righ...

by Siwan Anderson | On 02 Aug 2012

National Strategy for Financial Education

India is having large population, a fast growing economy with national focus on inclusive growth and an urgent need to develop a vibrant and stable financial system, it is all the more necessary to...

by Pranab Mukherjee | On 20 Jul 2012

Raining problems

Recent history tells us that the growth rate of the economy does not automatically go up and down with good and bad monsoons. [BS Weekend Ruminations]. URL:[http://www.business-standard.com/india/news...

by T.N. Ninan | On 18 Jul 2012

Ensuring Food and Nutrition Security in a Green Economy

What are the implications of a green economy for the poor and hungry? How can the poor benefit from and thrive under a green economy? What role can agriculture play? What are the possible trade-off...

by Shenggen Fan | On 17 Jul 2012

Climate Change Mitigation and Green Growth in Developing Asia

Developing Asia is the driver of today's emissions intensive global economy. As the principle source of future emissions, the region is critical to the task of global climate change mitigation. Reflec...

by Stephen Howes | On 16 Jul 2012

Reexamining the Finance–Growth Relationship for a Developing Economy: A Time Series Analysis of Post-reform India

The cross-country empirical literature on the finance-growth relationship has debated three propositions: (i) financial deepening has a strong impact on the growth process; (ii) measures of financia...

by Sabyasachi Kar | On 13 Jul 2012

India's SEZ Policy

Over the last few decades India has emerged as an economic giant. In 2000 the Special Economic Zone (SEZs) policy became part of a strategy to maintain high growth and promote India’s manufacturing ...

by Ebba Mårtensson | On 11 Jul 2012

School Libraries and Language Skills in Indian Primary Schools: A Randomized Evaluation of the Akshara Library Program

A randomized evaluation of a school library program on children’s language skills is conducted. The program had little impact on students’ scores on a language test administered 16 months after implem...

by Evan Borkum | On 09 Jul 2012

National Budget of Bhutan: Financial Year 2012-13

Budget of Bhutan 2012-13. URL:[http://www.mof.gov.bt/downloads/BudgetReport2012.pdf].

by Minister of Finance Bhutan | 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

Determinants of Child Morbidity and Factors Governing Utilisation of Child Health Care: Evidence from Rural India

The objective in this paper is to estimate the role played by such factors in determining the utilisation of formal health care to cure diarrhoea and certain respiratory illnesses plaguing young ch...

by Anindita Chakrabarti | On 02 Jul 2012

Inclusive National Accounts: Introduction

An outline of what would be ideally needed for a comprehensive set of national accounts is given. National governments and international agencies ought ideally to go even beyond green national accoun...

by Partha Dasgupta | On 22 Jun 2012

Philippine Productivity Dynamics in the Last Five Decades and Determinants of Total Factor Productivity

The paper reviews the economic growth and productivity dynamics of Philippine economy in the past fifty years. The paper also provides an estimation of determinants of total factor productivity and la...

by Gilberto M Llanto | On 29 May 2012

The Impact of Indian Job Guarantee Scheme on Labor Market Outcomes: Evidence from a Natural Experiment

Public works programs, aimed at building a strong social safety net through redistribution of wealth and generation of meaningful employment, are becoming increasingly popular in developing countries....

by Mehtabul Azam | On 29 May 2012

The End of Japan's Nuclear Renaissance? Not Just Yet

The 9.0 magnitude earthquake and subsequent tsunami that severally damaged the Fukushima nuclear plant have been described as ending the ‘nuclear renaissance’ in Japan. The government is in a hard pl...

by Elliot Brennan | On 25 May 2012

Agricultural Growth and Rural Incomes: Rural Performance Indicators and Consumption Patterns

The present paper is part of a larger study on agricultural growth and rural incomes in the Philippines. This study examines the farm-nonfarm linkages of agricultural growth and the mechanisms by w...

by Arsenio M. Balisacan | On 24 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

Developing Asia’s Pension Systems and Old-Age Income Support

A broad overview of the current state of pension systems in the People’s Republic of China, Indonesia, Republic of Korea, Malaysia, Philippines, Singapore, Thailand, and Viet Nam is provided. An anal...

by Donghyun Park | On 30 Apr 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

Liberalisation of Technical Education in Kerala: Has a Significant Increase in Enrolment Translated Into Increase in Supply of Engineers?

Enrolments in engineering in Kerala increased from about 2800 in 1991 to about 28,000 in 2008. The study analyses whether this increase in potential supply of engineers has resulted in actual supply o...

by Sunil Mani | On 25 Apr 2012

Urban Policies: Political Gimmicks?

Review of the book 'Re-visioning Indian Cities: The Urban Renewal Mission' by Christopher Manickam. Author of the book: K. C. Sivaramakrishnan, published by Sage, New Delhi.

by Christopher Manickam | On 23 Apr 2012

Philippine Economy: Sluggish in 2011, Bullish in 2012?

The Philippine domestic economy shrunk to 3.7 percent in 2011, after a growth of 7.6 per cent in 2010. Outlook for 2012 is relatively sanguine with the government hinging its optimism on robust ...

by Senate Economic Planning Office SEPO | On 20 Apr 2012

Modeling Optimal Time-Differential Pricing of Electricity Under Uncertainty: Revisiting the Welfare Foundations

Modeling of the seasonal time-of-day pricing is done of electricity for two types of power systems – pure hydro and hydro-thermal under four structural welfare assumptions – first-best, second-best,...

by N. Vijayamohanan Pillai | On 20 Apr 2012

Audio-visual Services: International Trade and Cultural Policy

The audiovisual sector is a significant component of the economy in terms of wealth creation and employment and audiovisual industries also play an important cultural role. This study reviews the main...

by Gillian Doyle | On 20 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

West Bengal Budget Speech: 2012-13

Speech by Amit Mitra, Minister of Finance. [Government of West Bengal]. URL:[http://www.wbfin.nic.in/writereaddata/Budget_Speech/2012_English.pdf].

by West Bengal Government | On 13 Apr 2012

The Great Depression and the Great Recession: What have we Learned?

The Financial Crisis of 2007-2008 and the Great Recession of 2007-2009 are now in the past. Again there was the debt crisis of 2010-11. During the worst of the recent financial crisis/Great Recession...

by Michael D Bordo | On 13 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

Sample Registration System Statistical Report 2010

The Sample Registration System (SRS) in India is the largest demographic survey in the world covering about 1.5 million households and 7.3 million population. It has continued to be the main source o...

by Registrar General, India | On 05 Apr 2012

A Corporate Governance Index for Large Listed Companies in India

A Corporate Governance Index for 500 large listed Indian firms for the period from 2003 to 2008 is constructed. The index construction uses information on four important corporate governance mechan...

by Jayati Sarkar | On 04 Apr 2012

Budget Speech 2012-13: Mizoram

Budget Speech of PU H.LIANSAILOVA HON’BLE FINANCE MINISTER. [Government of Mizoram]. URL:[http://mizoram.nic.in/budget/Interim%20Budget%20Speech%2012-13.pdf].

by Finance Minister Mizoram | On 29 Mar 2012

Budget Speech 2012-13: Goa

Budget speech by Ministry of Finance, Goa. [Budget Speech]. URL:[http://www.goa.gov.in/pdf/Speech12-13.pdf].

by Goa Government | On 28 Mar 2012

Political Determinants of the Allocation of Public Expenditures: A Study of the Indian States

This study examines whether the allocation of public expenditures of the Indian states are significantly influenced by government specific political characteristics. Three types of government specif...

by Bharatee Bhusana Dash | On 27 Mar 2012

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

Budget Speech 2012-2013: India

Speech of Pranab Mukherjee Minister of Finance, India. [Budget Speech]. URL:[http://indiabudget.nic.in/ub2012-13/bs/bs.pdf].

by Pranab Mukherjee | On 16 Mar 2012

State of the Economy and Prospects: chapter 1

Economic Survey-Chapter1. [Economic Survey]. URL:[http://indiabudget.nic.in/survey.asp]

by Pranab Mukherjee | On 15 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

Services as a New Engine of Growth for ASEAN, the People’s Republic of China, and India

The purpose of this report is twofold. First, a compendium of relevant data is presented on the state of the services sector in the ACI (ASEAN, PRC and India) countries, focusing on its contribution t...

by Ben Shepherd | On 12 Mar 2012

Time Poverty, Work Status and Gender: The Case of Pakistan

Time is an important economic resource that can be spent in a variety of ways. Diverse demands on a person’s time may reach a point where the individual may be categorized as time poor. Time poverty...

by Najam us Saqib | On 09 Mar 2012

Socioeconomic Factors and All Cause and Cause-Specific Mortality among Older People in Latin America, India, and China: A Population-Based Cohort Study

The vital status of 12,373 people aged 65 years and over was determined 3–5 years after baseline survey in sites in Latin America, India, and China. Crude and standardised mortality rates are reporte...

by Cleusa P Ferri | On 05 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

The End of the “Liberal Theory of History”? Dissecting the U.S. Congress’ Discourse on China’s Currency Policy

In the last ten years, economic issues related to currency policy have become the major ongoing dispute between China and the U.S. Especially the U.S. Congress is stridently demanding a tougher poli...

by Nicola Nymalm | On 01 Mar 2012

Archival Research on Hunter-Gatherers´ Religions in Borneo

This research focuses on religious changes among hunter-gatherers in Borneo. A two month archival research was carried out that will be used in the understanding of the relationship between traditi...

by Gotzone Gray | On 28 Feb 2012

Capital Accumulation and Convergence in a Small Open Economy

Outward-oriented economies seem to grow faster than inward-looking ones. Does the literature on convergence have anything to say on this? In the dynamic Heckscher-Ohlin-Samuelson model, with factor-pr...

by Partha Sen | On 28 Feb 2012

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

Sri Lanka Budget Speech 2012

Budget speech 2012.

by Mahinda Rajapaksa | On 24 Feb 2012

The Public Procurement Bill, 2012

A bill to regulate public procurement with the objectives of ensuring transparency, fair and equitable treatment of bidders, promoting competition, enhancing efficiency and economy and safeguarding...

by Ministry of Finance | On 24 Feb 2012

Terms of Trade and Its Implications: Bangladesh Perspective

This paper explores the key reasons behind the movements in the terms of trade and the real net gain and loss from trade in the long run. Like some selected Asian countries (Vietnam, China and South...

by Mohammad Masuduzzaman | On 23 Feb 2012

Electoral Rules, Forms of Government and Redistributive Policy: Evidence from Agriculture and Food Policies

The effect of electoral rules and forms of government on public policy outcomes using a new dataset on agriculture and food policies from 74 countries over the 1960-2005 period is investigated. Using...

by Alessandro Olper | On 22 Feb 2012

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

Health Education

There is an uneven geographical distribution of health workers. The shortage of health workers is compounded by the fact that their skills, competencies, clinical experience, and expectations are ofte...

by Nandini Dube | On 14 Feb 2012

Business and Growth Rate Cycles in India

This paper describes business and growth rate cycles with special reference to the Indian economy. It uses the classical NBER approach to determine the timing of recessions and expansions in the India...

by Pami Dua | On 10 Feb 2012

Comparing the Technical Efficiency of Indian Banks Operating Abroad and Foreign Banks Operating in India: A Stochastic Output Distance Function Approach

The aim of this paper is to compare the technical efficiency of Indian Banks operating abroad and foreign banks operating in India and to investigate the effect of openness of the country, ownership...

by Vivek Kumar | On 08 Feb 2012

Foreign R&D Centres in India: An Analysis of their Size, Structure and Implications

The study measures the contribution of MNCs to the generation of innovations from India. The focus is on innovations that are carried out in foreign R&D Centres. After having mapped out the size of...

by Rakesh Basant | On 06 Feb 2012

The Euro Zone Crisis and its Dimensions and Implications

The sovereign debt problems in the peripheral economies of the euro zone has started to pose a serious threat to the main economies of the Europe and perhaps to the future of the 'euro‘ itself. Such a...

by M R Anand | On 06 Feb 2012

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

Intentions vs. Implementation of Philippine Economic Reforms Under Aquino, 1986-92

This paper explains the gaps between official objectives and the actual accomplishments of the Aquino government, with an emphasis on the implementation record of agricultural-based strategies. Summar...

by V. Bruce J Tolentino | On 30 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

Total Sanitation Campaign - Progress and Issues: Situational Analysis of Andhra Pradesh with reference to Total Sanitation Campaign

This paper has tried to address some key research questions like will India and Andhra Pradesh achieve the Millennium Development Goal of Sanitation ? Are the TSC targets realistic? What is coverage...

by M Snehalatha | On 25 Jan 2012

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

Stop the 'Chindia' talk

While studying the economic growth of the two rising giants of Asia (India and China) it is seen that India is far behind China in many aspects. URL:[http://www.business-standard.com/india/news/t-n-ni...

by T.N. Ninan | On 23 Jan 2012

Challenges in IMS Reforms: A Global and Emerging Markets Perspective

The current global financial crisis has reopened an old debate on the international monetary system by baring weaknesses and flaws that have long been known. The debate is centred on both stability an...

by Alok Sheel | On 10 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

The Primacy of Public Health Considerations in Defining Poor Quality Medicines

Poor quality essential medicines, both substandard and counterfeit, are serious but neglected public health problems. Anti-infective medicines are particularly afflicted. Unfortunately, attempts...

by Paul N Newton | On 03 Jan 2012

Contribution of Services Sector in the Economy of Pakistan

The services sector has provided steady support to Pakistan’s economic growth. It share in GDP now stands a more than 50 percent. The paper analyses its continuation in the growth of the economy in...

by Ayaz Ahmed | On 29 Dec 2011

Approach Paper: Vulnerabilities of Women Homebased Workers`

This paper focuses on homebased women workers and discusses the specific issues of their vulnerability as women and as workers, in the framework of their basic citizenship right to economic and soci...

by Indrani Mazumdar | On 26 Dec 2011

Social Implications of Economic Reforms in India

Review of the book 'Economic Reforms and Social Exclusion: Impact of Liberalization on Marginalized Groups in India', by K S Chalam, Sage Publications, New Delhi, India.

by Rajesh Komath | On 26 Dec 2011

Monetary Neutrality in the Nepalese Economy during 1975-2008

One of the methods of measuring the effectiveness of monetary policies is via inspection of monetary neutrality in the economy. It is a concept from classical economics and it suggests that changes...

by Mukesh Khanal | On 16 Dec 2011

Union Power November 2011

The three year journey of the G-20 Heads of Government Summit from Washington in 2008 to Paris this November is signified by two markers of the depth of the global capitalist crisis. First, that the c...

by Louise Ross | On 14 Dec 2011

On Learning, Innovation and Competence Building in India’s SMEs: Challenges Ahead

With a vast and diverse SME sector India’s industrialization owes much to the technological dynamism of enterprises. Various institutional interventions have been made to promote innovativeness in t...

by Keshab Das | On 13 Dec 2011

Where Socrates Fears to Tread……

Review of the book 'Social Income and Insecurity: A Study in Gujarat' by Guy Standing, Jeemol Unni, Renana Jhabvala, and Uma Rani Routledge India, 2010 216 pages.

by N. Vijayamohanan Pillai | On 12 Dec 2011

China’s Financial Integration into the World Economy: Scrutinising China‘s International Investment Position

Possible scenarios for China and the world economy until 2015 is looked at. In all of them, China will continue to accumulate FX reserves, so that reserve assets will remain the largest component of...

by Catherine Shu Ling Tan | On 08 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

Monetary and Fiscal Policy in the Presence of Informal Labour Markets

How does informality in emerging economies affect the conduct of monetary and fiscal policy? To answer this question two-sector, formal-informal new Keynesian closed-economy is constructed. The inf...

by Nicoletta Batini | On 02 Dec 2011

Rejigging the Elephant Dance

India's development challenges. The India growth story was thrown off track by the global financial crisis which engulfed virtually every country in the world. We recovered from the crisis sooner than...

by Duvvuri Subbarao | On 30 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

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 Impossible Trinity and Capital Flows in East Asia

The Impossible Trinity doctrine still holds a powerful sway over policymakers, advisors (particularly the International Monetary Fund [IMF]) and academia. In East Asia over the past decade, however,...

by Stephen Grenville | On 15 Nov 2011

Millenium Development Goals: How is India Doing?

This paper evaluates the Millenium Development Goals (MDGs) as a framework for measuring development and, subject to qualifications arising from that evaluation, assesses how India is doing in terms o...

by Sudipto Mundle | On 11 Nov 2011

Consumption and Social Identity: Evidence from India

Spending on consumption items is examined which have signaling value in social interactions across groups with distinctive social identities in India, where social identities are defined by caste an...

by Melanie Khamis | On 10 Nov 2011

Feminist Economics of Trade: Reflections on the Indian Manufacturing Sector

This paper examines the socio-economic condition of women in India. The paper begins by delving into different forms of violence faced by women in India, giving special attention to the work sphere a...

by Susana Barria | On 09 Nov 2011

The Public Procurement Bill, 2011

An Act to regulate public procurement with the objective of maximising economy and efficiency, promoting competition among suppliers and contractors while ensuring a fair, transparent and equitable...

by Planning Commission | On 08 Nov 2011

Institutionalising Democracy

Review of Economy, Democracy and the State: The Indian Experience by Ramashray Roy, Sage Publications, New Delhi;2009, pp. viii + 247, Rs 650.

by Bhanoji Rao | On 07 Nov 2011

Monetary Operating Procedures: Principles and the Indian process

As markets deepen and interest elasticities increase it is optimal for emerging markets to shift towards an interest rate instrument since continuing monetization of the economy implies money demand...

by Ashima Goyal | On 04 Nov 2011

The Financial Accelerator: An Emerging Market Story

In support of the financial-accelerator theory, evidence is found on countercyclical price-cost banking margins possibly explaining the amplifications of business cycles in Pakistan. [WP 41]. URL:[ht...

by Shah Hussein | On 03 Nov 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

Gender, Governance and Women’s Rights in South Asia

This study focuses on gender equality and democratic governance in the five largest states of the South Asian region, namely, India, Pakistan, Bangladesh, Sri Lanka and Nepal. Beginning with a general...

by Seema Kazi | On 20 Oct 2011

Global Economic Crisis: Impact and Restructuring of the Services Sector in India

The Indian economy has shown considerable resilience to the global economic crisis by maintaining one of the highest growth rates in the world. The services sector accounted for around 88 per cent of...

by Abhijit Das | On 13 Oct 2011

National Telecom Policy-2011 (NTP-2011)

NTP-2011 has the vision Broadband on Demand and envisages leveraging telecom infrastructure to enable all citizens and businesses, both in rural and urban landscape, to participate in the Internet and...

by Ministry of Communication & Information Technology GOI | On 13 Oct 2011

Populations at Risk: Other End of Youth Bulge

While there is much written on the youth bulge in developing countries, little is being done to address the problems of the elderly. And yet demographically, it is this section that is showing high gr...

by Lakshmi Priya | On 10 Oct 2011

One Hundred years of Economic Change in Bengal: Re-visiting the Economic Life of a Bengal District

Through the use of secondary data, field visits and focus group discussions, this study explores the dynamics of the evolution of the economic life in Greater Faridpur over the last 100d years (1910-2...

by Selim Raihan | On 04 Oct 2011

Competition for Foreign Capital: Endogenous Objective, Public Investment and Tax

In this paper the objective functions of the regions as well as their decision to provide public investment are endogenized in a model of competition for foreign owned mobile capital. It is demonstra...

by Rupayan Pal | On 04 Oct 2011

Cross-LoC trade in Kashmir: From Line of Control to Line of Commerce

This study examines how business entities and individuals in Jammu and Kashmir view trade transactions with the other side and perceptions about the economic viability of Cross-LoC trade. More speci...

by Altaf Hussain Kira | 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

Monetary Policy Dilemmas: Some RBI Perspectives

Over the last decade, the profile of central banks has gone up. First, we had the Great Moderation - a period of extraordinary benign macroeconomic environment globally, characterized by steady growth...

by Duvvuri Subbarao | On 27 Sep 2011

Iraq’s Last Window: Diffusing the Risks of a Petro-State

This paper, examines the possibility of adopting Oil- to- Cash scheme in Iraq. Here, a new opportunity is identified which aims for direct distribution of Iraqi oil rents in the planned production exp...

by Johnny West | On 19 Sep 2011

History of Monetary Policy in India since Independence

An SIIO paradigm, based on structure and ideas that become engraved in institutions and affect outcomes, is developed to examine and assesses monetary policy in India after independence. Narrative h...

by Ashima Goyal | On 16 Sep 2011

Slower Growth in China: How Much of a Drag on the Global Economy?

China’s expected growth slowdown - from 10.3 per cent yoy in 2010 to 8.9 per cent this year and 8.3 per cent in 2012 - will impact the global economy. An in-depth look at how important China really is...

by Steffen Dyck | On 09 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

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

Technology in Banking- In Pursuit of Excellence

The contribution of technology to the Indian banking industry, the role played by IDRBT and the significance of banking technology awards, in fostering the technological developments of banks. Issues...

by Anand Sinha | On 23 Aug 2011

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

Indian Education System – Issues and Challenges

The role played by Reserve Bank of India (RBI) and the banking system in India in strengthening education system. Realizing the importance of education for the economic development and the overall liv...

by Chakrabarty K C | On 10 Aug 2011

Determinants of Primary Yield Spreads of States in India: An Econometric Analysis

An attempt is made to identify the determinants of yield spreads between the State and Central government securities in a panel data framework as has been used in several cross-country studies. This...

by Dhritidyuti Bose | On 08 Aug 2011

Treatment of Valuables as Capital Formation in India: Some Issues and Perspectives

As per UNSNA recommendations, valuables as a separate item had been introduced in the expenditure side of GDP. Since India is one of largest importer and user of gold for various purposes, this trea...

by Rakesh Kumar | On 04 Aug 2011

Food Quality in Domestic Markets of Developing Economies: A Comparative Study of two Countries

Food quality has become an important determinant of success in global food trade and growers for international markets have to continuously adjust to buyers’ requirements. It is however not clear to w...

by Anneleen Vandeplas | On 03 Aug 2011

The Digital Society: New Ways to More Transparency, Participation and Innovation

The study makes specific recommendations for decisionmakers in industry, society and politics on how to handle new network technologies. URL:[http://www.dbresearch.com/PROD/DBR_INTERNET_EN-PROD/PROD...

by Thomas F Dapp | On 02 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

Draft National Competition Policy for India

National Competition Policy is necessitated, as an overarching Policy framework, in continuation of the 1991-reforms, to infuse greater competition across sectors, and unleash fuller growth potential...

by Ministry of Corporte Affairs GOI | On 01 Aug 2011

Provisional Population Totals: Rural Urban Distribution India: Series I

The rural-urban distribution of the population is shown. URL:[http://censusindia.gov.in/2011-prov-results/paper2/data_files/india/paper2_1.pdf].

by | On 21 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

Inter-State Imbalances in Essential Services: Some Perspectives

This paper analyzes the inter-state imbalances in three major sectors of the economy, namely, education, health and family welfare, and water supply and sanitation for fifteen major states. It uses...

by C Bhujanga Rao | On 14 Jul 2011

Poverty, RCH-Care Utilization and Fertility in India: A District Level Analysis

The study highlights interlinkages amongst district level poverty, socioeconomic developmental indices, RCH-care utilization and fertility. Thereby the study formulates a recursive model to highlight...

by S C Gulati | On 11 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

The Effect of Exchange Rate Changes on Trade in East Asia

This paper considers how exchange rates affect East Asian trade. The evidence indicates that exports produced within regional production networks depend on exchange rates throughout the region while l...

by Willem Thorbecke | On 01 Jul 2011

Socio-economic Dimensions of Globalization in India

After Independence, the managers of the Indian economy took very cautious steps. They found the world sharply divided into two blocs: the one led by the capitalist economies (the US in particular) a...

by S.K. Mishra | On 24 Jun 2011

Incidence and Performance Effects of Interlocking Directorates in Emerging Market Business Groups: Evidence From India

The phenomenon of interlocking directorates is widespread among corporate across the world. This paper studies the structure and extent of interlocking directorates within Indian business groups and ...

by Bikram De | On 24 Jun 2011

The Wide Angle: The End of Population Growth

The the population dynamics of the 21st century is shown here.

by Sanjeev Sanyal | On 21 Jun 2011

Challenges and Opportunities in a Trillion Dollar Economy

The Indian economy reached the trillion US dollar GDP milestone in 2007 and joined other countries of the trillion dollar club, namely, the US, UK, Japan, Germany, China, France, Italy, Spain, Canada,...

by Chakrabarty K C | On 21 Jun 2011

Macroprudential Policies: Indian Experience

Reserve Bank of India (RBI) has been using macroprudential polices, more notably the countercyclical policies, since 2004 as a toolkit for ensuring financial stability though it had used them sporadic...

by Anand Sinha | On 16 Jun 2011

Frontier Issues on the Global Agenda- Emerging Economy Perspective

The article is a report of RBI Minister Duvvuri Subbarao on issuesing concerning the G-20 countries and also issues effecting all the countries collectively.

by Duvvuri Subbarao | On 13 Jun 2011

Access to Land and Land Policy Reforms

The objective of this research and policy brief is to analyse different mechanisms of access to land for the rural poor in an era when redistribution through expropriative land reform is largely incon...

by Alain de Janvry | On 10 Jun 2011

India’s Trade Policy Choices

India’s economic growth has accelerated in recent years, and its share of world trade has expanded. These are welcome developments for the country and, given India’s large share of the world’s popul...

by Sandra Polaski | On 10 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

Beyond Aid: Migration as a Tool for Disaster Recovery

Natural disasters such as earthquakes, floods, and hurricanes can devastate people’s lives and a country’s economy, particularly in the developing world.This policy brief explores the various legal ch...

by Michael Clemens | On 07 Jun 2011

China’s Housing Markets: Regulatory Interventions Mitigate Risk of Severe Bust

A closer look at the developments in 35 cities across China, looking for potential regional real estate bubbles. An assessment is done about the success of the various policies and their potential n...

by Ulrich Clemens | On 02 Jun 2011

Closure for the Sraffa System: A Theory of Value, Distribution and Growth

The purpose of this paper is to pursue the implications of closing, in the sense of rendering determinate, the Sraffa equations of production, prices and distribution [Sraffa (1960)] by adding to th...

by Rajas Parchure | On 01 Jun 2011

Healthcare in China

During the initial phases of the opening-up of the Chinese economy, the overriding objective was to raise output and incomes. Economic restructuring undermined the health care system, which became...

by Dhruv Mankad | On 26 May 2011

Trade Apprenticeship Training in India

The Indian economy was in the mode of globalization and liberalization. But global financial melt down and consequent economic recession in developed economies have clearly been a major factor in...

by Ministry of Labour and Employment | On 24 May 2011

Economic Survey: Fiscal Year 2009-10

The world economy, which grew by 3.0 percent in 2008, is estimated to turn negative by 0.6 in 2009. The economic growth rates in all the groups of advanced economies, emerging and developing econ...

by Ministry of Finance, Government of Nepal | On 16 May 2011

The Consolidated Medium-Term Income and Expenditure Framework: Prepared by the Finance Department and the Office of Budget and Planning

This paper updates the Fund’s consolidated income and expenditure outlook from the projections in January 2011. The paper incorporates and extends the income and budget projections in the companion...

by International Monetary Fund | On 13 May 2011

What Constrains Business? The Role of the ‘Single Window’ in Gujarat, India

The investment climate of a region reflects the location specific factors that provide opportunities and incentives for firms to invest, create jobs, and expand. A good investment cl...

by Errol D'souza | On 11 May 2011

Infrastructure in the North Eastern Region of India

Depending upon the criterion of ownership (whether private or public/social), infrastructure may be classified into: (i) social infrastructure or social overhead capital and (ii) private infrastru...

by S.K. Mishra | On 11 May 2011

India at 75: Towards Inclusive Growth through Labour Market Reforms

The policy of free hiring and firing, leading to a high labour turnover is in nobody’s interest: employers lose industrially accumulated useful skills while workers lose jobs and incomes. Yet job secu...

by Snehal Barai | 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

Who Cares about the Chinese Yuan?

The rise of China in the world economy and in international trade has raised the possibility of a rise of the Yuan as an international currency, particularly after the Chinese authorities have under...

by Vimal Balasubramaniam | On 05 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

Report of the Task Force on Plantations Sector

Today there is no credible alternative facility available to a grower to meet the risks of price movements and the art of price risk management is unknown to the small growers. (In this entire report,...

by Ministry of Commerce and Industry GOI | On 02 May 2011

Deregulation of Savings Bank Deposit Interest Rate: A Discussion Paper

The paper is an attempt to deal with pros and cons of deregulating savings deposit interest rate and take on board the suggestions of various stakeholders for either maintaining the status quo or dere...

by Reserve Bank of India RBI | On 02 May 2011

The Quality of Medical Care in Low-Income Countries: From Providers to Markets

The excellent systematic review in this week’s PLoS Medicine by Paul Garner and colleagues focuses discussion on this critical issue. Their finding of poor quality in both the public and private s...

by Jishnu Das | On 29 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

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

Statement by Governor, RBI

There have been significant developments in the global economy since we met in the fall of 2010. The IMF too has moved on several fronts under its mandate which has strengthened its position in a chan...

by Duvvuri Subbarao | On 20 Apr 2011

Short Duration Migration in India: An Appraisal from Census 2001

This paper tries to focus on the method to assess the magnitude of short/seasonal migration based on its broad characteristics. It attempts to analyse the contrasting characteristics of short durat...

by Vijay Korra | On 18 Apr 2011

Activity Report of Agriculture Department

The emphasis laid on 4% growth in Agriculture during the 11th Five Year Plan Period underscores the importance of Agriculture to the economy of the country. Agriculture is the mainstay of Orissa's eco...

by Orissa Government | On 06 Apr 2011

Budget 2011-12, Meghalaya

Budget 2011-12 presented by the Finance Minister.

by Government of Meghalaya Govt | On 28 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

Link between Exporting and Productivity: Firm Level analysis for Indian Chemical Industry

The objective of the paper is to test the empirical regularity that exporters are more productive than non-exporters in India. TFP is calculated from the Cobb-Douglas Production function using a fixe...

by Vinish Kathuria | On 21 Mar 2011

Sri Lanka Budget 2011-12

Budget speech by Finance Minister.

by Ministry of Finance and Planning Sri Lanka | On 17 Mar 2011

Budget 2011-12, Punjab

Budget speech by Finance minister. URL:[http://punjabgovt.nic.in/departments/Budget/budget/budget.htm].

by Government of Punjab | On 16 Mar 2011

Political Economy of Tribal Development: A Case Study of Andhra Pradesh

The paper delineates the situation of the Scheduled Tribes in the background of various policies of the state during the successive plan periods and its impact on their socio-economic mobility. Pol...

by M. Gopinath Reddy | On 16 Mar 2011

Stimulus, Recovery and Exit Policy G20 Experience and Indian Strategy

There are large variations among the G20 countries in their deceleration experiences, transmission mechanisms and their current macroeconomic outlook. Hence, this paper argues that each country nee...

by Sudipto Mundle | On 14 Mar 2011

The Global Impact of the Southern Engines of Growth: China, India, Brazil and South Africa

This Policy Brief focuses on links between the developing countries of Brazil, India, China and South Africa and the global economy, with a special emphasis on the implications of China’s spectacular...

by Amelia U. Santos Paulino | On 11 Mar 2011

Investment and Capital Market Imperfections: Some Evidence from a Developing Economy, India

The paper presents a switching regression model of investment decision, where the probability of a firm facing financial constraint is endogenously determined. The approach, therefore, obviates the...

by Saumitra N Bhaduri | On 11 Mar 2011

e-development? Development and the New Economy

The world economy has recently changed. A new world economy has emerged over the last decade as two long-run broad trends, globalization and advances in information and communication technology (I...

by Matthew Clarke | On 10 Mar 2011

The (mis)allocation of Capital

Is capital allocated so that its marginal product is equated to the market interest rate? Is the marginal product of capital equalized across its alternative uses. This paper attempts to answer both...

by Abhijit V. Banerjee | On 08 Mar 2011

Modeling the Private Sector in the PRC

The development of private enterprises in the PRC has its own specific background. During the 1950s, the old Chinese capitalist economy essentially died out with the establishment of the PRC and the...

by Toshiki Kanamori | On 04 Mar 2011

Budget 2011-2012

Budget speech 2011-2012 by Pranab Mukherjee.

by Pranab Mukherjee | On 01 Mar 2011

Economic Survey, 2010-11, Chapter 1

State of the Economy and prospects. URL:[http://www.indiabudget.nic.in/es2010-11/echap-01.pdf].

by Ministry of Finance | On 28 Feb 2011

Will it be Different this Time?

All proposals and policy measures in the forthcoming Budget may best be summed up as efforts to improve the sustainability of growth. Specific objectives are likely to be lowering inflation and defici...

by IRIS India IRIS | On 22 Feb 2011

Central Bank Lessons from the Global Crisis

Nine preliminary lessons from the Great Recession for monetary and financial policies are presented. [3rd P. R. Brahmananda Memorial Lecture].

by Stanley Fischer | On 18 Feb 2011

Sustaining Employment and Equitable Growth: Policies For Structural Transformation of The Indian Economy

Broad ranging economic reforms were introduced in the Indian economy in the early 1990s. Yet there was no evidence of a statistical break in the rate of growth of the Indian economy during the ninet...

by Arvind Virmani | On 08 Feb 2011

Address of President Zillur Rahman to the First Session of 2011 of the Ninth Jatiya Sangsad

The Presidential address to parliament at its first session of the year pays tribute to the heroes and martyrs of the nation, elaborates on Bangaldesh's achievement in industry, agriculture, education...

by Zillur Rahman | On 08 Feb 2011

Privstization in a Small Open Economy with Imperfect Competition

Privatization is analysed in a general equilibrium model of a small, tariff-distorted, open economy. There is a differentiated good produced by both private and public sector enterprises. A reductio...

by Arghya Ghosh | On 04 Feb 2011

Report of the Sub-Committee of the Central Board of Directors of Reserve Bank of India to Study Issues and Concerns in the MFI Sector

While this growth is impressive, a number of studies both in India and abroad have questioned whether growth alone is effective in addressing poverty and what the adverse consequences of a too rapid g...

by Reserve Bank of India | On 30 Jan 2011

Structural Adjustment in India: A Survey of Recent Studies & Issues for Further Research

Since the early nineties the Indian economy has been subjected to a process of stabilization-cum-structural adjustment. Stabilization involves short-term demand management through monetary and fiscal...

by K.J. Joseph | On 28 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

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

The Disinterested Government: An Interpretation of China’s Economic Success in the Reform Era

In the last 30 years, China has achieved high economic growth and successfully transformed its economy from a planned economy to a market-based system. The country, to a large extent, has attaine...

by Yang Yao | On 10 Jan 2011

The Financial Crisis in the Gulf and its Impact on South Asian Migrant Workers

The impact of the global crisis on the (Gulf Corporation Council) GCC economies is first analyzed in terms of the sectors of the economy affected, the changes in GDP growth and employment of expatr...

by S. Irudaya Rajan | On 08 Jan 2011

Monetary Policy, Capital Flows, and the Exchange Rate

The use of monetary policy in India has been constrained by a loose fiscal policy and capital flows. Capital inflows have the potential to cause a Dutch Disease-type situation. The RBI has carried out...

by Partha Sen | On 06 Jan 2011

Intersociety Literacy Comparisons

Basu and Foster (1998) characterized a sophisticated literacy measure using five axioms. In this paper they argue that if a measure satisfies three of their five axioms, namely, anonymity, monoton...

by Satya R. Chakravarty | On 05 Jan 2011

Financing SMEs and its Effect on Employment Generation: A Study of Brac Bank’s SME Lending

Financial and development assistance designed specially for small and medium enterprises in Bangladesh is a new and upcoming trend. After the surge of micro-finance in the last two decades, small and...

by Mehnaz Rabbani | On 05 Jan 2011

The Economy of Thiruvananthapuram

The major objectives of the paper is to:- * to locate the Thiruvananthapuram district in the economic map of the State; *to document the structural and sectoral transformation of the district; *to...

by Oommen M A | On 22 Dec 2010

A Technical Paper on “Inflation Indexed Bonds (IIBs)"

This technical paper sets out the benefits and downsides of issuing IIBs along with explaining its structure comprising of indexation (principal or interest), inflation index lag, issuance method, met...

by Reserve Bank of India | On 17 Dec 2010

Mid Term Appraisal for Eleventh Plan 2007-2012

The Mid Term Appraisal (MTA) reviews the experience in the first three years of the Eleventh Plan and seeks to identify areas where corrective steps may be needed. The Planning Commission has deci...

by Planning Commission, India | On 14 Dec 2010

Asian Century: A Comparative Analysis of Growth in China, India and other Asian Economies

The paper argues that if the Chinese economy had failed, mainstream economics would have described this as completely predictable, given the extent and nature of involvement of the Chinese state in th...

by Kaushik Basu | On 06 Dec 2010

Some Speculation on Growth, Disparity and Capital Reorganisation in the Indian Economy

This paper is all about speculations on growth, disparity and Capital reorganisation in Indian Economy. [Working Paper No. 124]

by Sudipto Mundle | On 06 Dec 2010

Climate Change and India: A 4*4 Assessment: A Sectoral and Regional Analysis for 2030s

The report provides an assessment of impact of climate change in 2030s on four key sectors in four climate sensitive regions of India.

by Ministry of Environment and Forests GOI | On 01 Dec 2010

Partnerships with the Private Sector in Health: What the International Community Can Do to Strengthen Health Systems in Developing Countries

The private sector plays a significant role in delivering health care to people in developing countries. By some estimates, more than one-half of all health care—even to the poorest people—is provided...

by (Centre for Global Development) Advisory Faculty | On 26 Nov 2010

Determinants of Trade Misinvoicing

Traditional explanations for trade misinvoicing -- high custom duties and weak domestic economies — are less persuasive in a world of high growth emerging markets who have low trade barriers. A 35- ...

by Ila Patnaik | On 22 Nov 2010

Age Structural Transition and Economic Growth: Evidence from South and Southeast Asia

Age structural transition is a process and a consequence of shifting age structure from a young aged population to old aged population. It is well known that economic growth in the East Asian countr...

by K. Navaneetham | On 04 Nov 2010

Kerela's Gulf Connection: Emigration, Remittances and their Macroeconomic Impact 1972-2000

This paper attempts to construct a time series estimation of remittances from abroad to the Kerala economy for the period 1972 to 2000. It is now widely acknowledged that foreign remittances in the ...

by K. P. Kannan | On 04 Nov 2010

The Yuan’s Exchange Rates and Pass-through Effects on the Prices of Japanese and US Imports

This paper estimated the pass-through effects of yuan’s exchange rates on prices of the US and Japanese imports from the People’s Republic of China (PRC). Empirical results show that, a 1% nominal app...

by Yuqing Xing | On 04 Nov 2010

Incomplete Contracts, Incentives and Economic Power

This paper formalizes ideas from classical and radical political economy on task allocation and technology adoption under capitalism. A few previous studies have attempted this, but the framework an...

by Sripad Motiram | On 03 Nov 2010

Going private

Many structural changes have taken place in the economy over the past two decades — a greater share for international trade in GDP, higher savings and investment rates, even increased investment in in...

by T.N. Ninan | On 01 Nov 2010

Asset Market Structures and Monetary Policy in a Small Open Economy

This paper sets up a canonical new Keynesian small open economy model with nominal price rigidities to explore the impact of habit persistence and exchange rate pass-through on the welfare ranking of...

by Yongseung Jung | On 01 Nov 2010

Estimation of Tax Leakage and its Impact on Fiscal Health in Kerala

This paper is an attempt to analyse the tax leakage in the broader context of fiscal crisis in Kerala, highlighting the relationship between the two. Tax leakage by causing a revenue drain may adver...

by Rakhe PB | On 27 Oct 2010

India's 1990-91 Crisis: Reforms, Myths and Paradoxes

For most people the story of Indian reforms starts in the nineties, following the BOP crisis of 1990-91. There was a detectable increase in the rate of growth of the Indian economy in the 1980s aris...

by Arvind Virmani | On 26 Oct 2010

External Economic Situation In India - Recent Trends and Policy Implications

This paper reviews the status of the external sector of the Indian economy. It is divided into 5 broad sections. Section I gives the trends of imports and exports, as well as the composition and dire...

by Archana S Mathur | On 26 Oct 2010

The Rationale and the Result of the Current Stabilisation Programme

Apart from the episode of the mid-sixties, macroeconomic crises have not played a major part in India's economic development. A certain sort of stability had accompanied the lack-lustre grow...

by Pulapre Balakrishnan | On 23 Oct 2010

Fiscal Developments and Outlook in India

The paper identifies those elements in the configuration of fiscal parameters confronting the country that give cause for concern, and examines whether the fiscal reform measures taken address these...

by Indira Rajaraman | On 20 Oct 2010

Foreign Bond Markets and Financial Market Development: International Perspectives

The domestic bond markets of the Asia and Pacific region have grown considerably since the Asian financial crisis of 1997, although they remain undeveloped relative to the region’s weight in the w...

by Jonathan A. Batten | On 18 Oct 2010

From Local to Global and Informal to Formal: Entering Mainstream Markets

This is a brief sketch of the Self Employed Women’s Association’s (SEWA) three- decade-long journey from the local to global and informal to formal sector in search of finding work and income for n...

by Reema Nanavaty | On 15 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

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

Long Term Trends in the Growth and Structure of the Net State Domestic Product in Kerala

Kerala has been a model to other states for her achievements in social development. But in terms of economic growth her performance has for long been very poor and a matter of deep concern. In this...

by P. Mohanan Pillai | On 08 Oct 2010

Green Services and Emergence and Recovery from the Global Economic Slowdown in Developing Asian Economies

The global economic slowdown has again highlighted the vulnerability of export-led development models and economies to downturns in export markets. Economic deepening or “rebalancing” with an emphasis...

by Mark Stoughton | On 08 Oct 2010

Nutrition in India: Facts and Interpretations

The Indian economy has recently grown at historically unprecedented rates and is now one of the fastest-growing economies in the world. Real GDP per head grew at 3.95 percent a year from 1980 to 2...

by Angus Deaton | On 05 Oct 2010

Determinants of Firm-level Export Performance: A Case Study of Indian Textile Garments and Apparel Industry

A major reform process in the Indian economic policy regime away from a four- decade-long inward orientation has been under way since July 1991 in response to a serious macro-economic crisis. The n...

by T.A. Bhavani | On 05 Oct 2010

Estimates of External Trade Flows of Kerela: (1975-76 and 1980-81)

Kerela is a region that is deeply integrated with the Indian and the world economy through various ways such as commodity flows, financial movements, labour migration and operations of national and in...

by T.M. Thomas Issac | On 01 Oct 2010

A Leading Index for the Indian Economy

Over the last few decades, the Indian economy has experienced both classical business cycles and the cyclical fluctuations in its growth rate known as growth rate cycles. In the years since the li...

by Pami Dua | On 01 Oct 2010

HANTEX: An Economic Appraisal

Most Governments in the Third World Countries have actively promoted cooperatives in the traditional sectors of the economy with a view to overcome the diseconomies of small size. Characterised as the...

by Mridul Eapen | On 27 Sep 2010

Tackle the inflows

An issue that has attracted surprisingly little notice is the size and growth of the trade deficit. Even more worrisome is the flat trajectory for exports — which escapes notice because comparisons ar...

by T.N. Ninan | On 24 Sep 2010

Supply Responses in the Livestock Economy of Kerala

The quantitative and qualitative changes taking place in livestock population over the years would be due to the changes in demand for livestock products. The changes in lives...

by K. Narayanan Nair | On 16 Sep 2010

Marxian Economics Today

Marx himself certainly thought that political economy was a subject of most urgent importance for a "theoretician of the revolutionary proletariat". Marx took over the orthodox theory of his day accor...

by Joan Robinson | On 16 Sep 2010

Policy Reforms and Financing of Elementary Education in India: A Study of the Quality of Service and Outcome

Even as a case can be made out for public spending on elementary education, its link with enrolment rates does not appear strong. However, once efficiency and demand-side factors are accounted for, ...

by Basanta K. Pradhan | On 15 Sep 2010

Evasion at the top

The government gave out some interesting numbers on Monday. The revenue secretary told a news conference that nearly 96 per cent of the 32.5 million who pay income tax reported a taxable income of und...

by T.N. Ninan | On 14 Sep 2010

Determinants of Weekly Yields on Government Securities in India

This paper examines the determinants of the Government yields in India using weekly data from April 2001 through March 2009. The analysis covers Treasury Bills with residual maturity of 15-91 day...

by Pami Dua | On 13 Sep 2010

Intellectual Property Protection and the Licensing of Technology to Developing Countries

In this paper, the influence of stronger intellectual property protection on technology transfer into developing countries via licensing is analyzed. Using panel data for the post-TRIPs period 1995-20...

by Sunil Kanwar | On 09 Sep 2010

Measurement of Inflation in India: Issues and Associated Challenges for the Conduct of Monetary Policy

In India, there is a large divergence between CPI and WPI inflation trends in the past, wide dispersion in inflation across commodity groups within WPI, and significant volatility in headline WPI in...

by Nadhanael G V | On 08 Sep 2010

Rice Economy of Kerala: A Disaggregate Analysis of Performance

This working paper discusses the rice economy of Kerala, with a disaggregate analysis of its performance. [Working Paper No. 231]

by P.S. George | On 31 Aug 2010

Women as Policy Makers: Evidence from a Randomized Experiment

This paper uses political reservations for women in India to study the impact of women’s leadership on policy decisions. In 1998, one third of all leadership positions of Village Councils in West Be...

by Esther Duflo | On 25 Aug 2010

Indian Software Industry: Distortions and Consolidations of Gains

The Indian software industry is at the bottom of knowledge hierarchy, where the bottom is highly segmented. The political process that successfully thwarted the automation of Indian manufacturing sect...

by Pradosh Nath | On 20 Aug 2010

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

An Analysis of the Special Safeguard Mechanisms in the Doha Round of Negotiations A Proposed Price-trigger-based Safeguard Mechanism

This paper takes a detailed look at the SSM and analyzes its usefulness for developing countries. It also explores how the concept of a special agricultural safeguard has evolved in the present roun...

by Parthapratim Pal | On 11 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

Trends in Technical Progress in India – Analysis of Input-Output Tables from 1968 to 2003

The paper is based on the 8 Input – Output (I-O) tables for the Indian economy available over a period of 36 years from 1968-69 to 2003-04. The technical progress (TP) in the context of the I-O tabl...

by Ravindra H Dholakia | On 22 Jul 2010

State Capacity, Conflict and Development

This paper is a report on an on-going project, which asks a number of questions relevant to the study of state capacity. What are the main economic and political determinants of the state’s capacity...

by Timothy Besley | On 15 Jul 2010

Reform of the Fiscal and Subsidy Regime for the Petroleum Sector

Reform of the oil sector is long overdue. The problems in the sector emanate from the structure of central taxes and the system of subsidisation through prices. Solutions to the problems necessa...

by Sebastian Morris | On 08 Jul 2010

Heroes of the Market: Street Vendors in Vadodara

The paper is a analysis of the street vendors of Vadodara and the Gujarat Government's attitute towards them.

by Nimisha Srivastava | On 29 Jun 2010

The Structure of Tariffs and Long-Term Growth

We show that the ‘skill-bias’ of a country’s tariff structure is positively correlated with long-term per capita GDP growth. Testing for causal mechanisms, we find evidence consistent with the exist...

by Nathan Nunn | On 28 Jun 2010

Exchange Rate Regimes and Macroeconomic Performance in South Asia

Stylized facts for South Asia show the dominance of supply shocks, amplified by macroeconomic policies and procyclical current accounts. Interest and exchange rate volatility rose initially on libera...

by Ashima Goyal | On 09 Jun 2010

Knowledge Work and Human Rights in the Cybercultural Age

The current knowledge economy in terms of their human rights component, the author argues, offers a space where demands and claims can be articulated. Websites, databases, documentation and archives a...

by Pramod K. Nayar | On 06 Jun 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

The Size of Informal Economy in Pakistan

This paper estimates the size of informal economy in Pakistan by using monetary approach with some modifications, electricity consumption approach and MIMIC model. Under monetary approach, we take car...

by Muhammad Farooq Arby | On 20 May 2010

The Shape of Temptation: Implications for the Economic Lives of the Poor

This paper argues that the relation between temptations and the level of consumption plays a key role in explaining the observed behaviors of the poor. Temptation goods are defined to be the set of...

by Abhijit Banerjee | On 13 May 2010

OTC Derivatives Market in India: Recent Regulatory Initiatives and Open Issues for Market Stability and Development

The paper seeks to prove the point that the Indian OTC derivatives markets, unlike many other jurisdictions, are well regulated. Only contracts where one party to the contract is an RBI regulated e...

by Dayanand Arora | On 03 May 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

Karnataka Budget 2010-11

Budget speech by finance minister of Karnataka

by Government of Karnataka GoK | On 05 Mar 2010

Budget 2010-2011

Budget speech 2010-2011 by Pranab Mukherjee

by Pranab Mukherjee | On 26 Feb 2010

What Determines the Success and Failure of ‘100 Days Work’ at the Panchayat Level? A Study of Birbhum District in West Bengal

West Bengal is not among the best performing states with regard to NREGA. The performance of all districts in the state is not equally discouraging. Some districts, in fact, have done well in gener...

by Subrata Mukherjee | On 19 Feb 2010

Factor Employment, Sources and Sustainability of Output Growth: Analysis of Indian Manufacturing

The manufacturing sector in India is crucial for two main reasons: It has significant potential to provide modern employment to a growing labour force, especially that of less skilled type and second...

by Arvind Virmani | On 09 Feb 2010

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

Towards A Competitive Economy: VAT and Customs Duty Reform

In this paper the issue of indirect tax reform, with a special focus on customs duty reform is examined. [WP]

by Arvind Virmani | On 28 Jan 2010

Where Are India’s International Reserves Invested?

Most standard indicators suggest that India’s reserve stock is more than adequate. The rapid stockpiling of foreign exchange reserves implies that the RBI has been leaning-against-the-wind to keep dow...

by Ramkishen S. Rajan | On 25 Jan 2010

Why Bihar is Poor?

Bihar has achieved double-digit economic growth over the past five years is a wonder

by T.N. Ninan | On 21 Jan 2010

Book Review: Microfinance-Is it a means of Empowering Women?

Multiple Meanings of Money: How Women See Microfinance by Smita Premchander, V. Prameela, M. Chidambaranathan, L. JeyaseelanSage publication, 2009, Pp 264, Rs. 595/-

by Sanchita Das | On 20 Jan 2010

Mortality, Human Capital and Persistent Inequality

Available evidence suggests high intergenerational correlation of economic status, and persistent disparities in health status between the rich and the poor. This paper proposes a novel mechanism li...

by Shankha Chakraborty | On 19 Jan 2010

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

Public Private Partnership in Uttar Pradesh Health Care Delivery System- UPHSDP as an Initiative

The objective of the study is to find out the primary reason to encourage public private participation in health care delivery system in Uttar Pradesh and the study also aim to analyse UPHSDP -a Wor...

by Bibi Ishrat Jahan | On 07 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

Flying with the Crane-Recapturing KMVS’s Ten-Year Journey

This document is at the behest of KMVS and is an effort to hold up a mirror to their journey. It is a documentation of their history, context, evolution, and experiences since its emergence in 1989. A...

by Vimala Ramachandran | On 01 Dec 2009

The Difficulties of the Chinese and Indian Exchange Rate Regimes

China and India have both attempted distorting the exchange rate in order to foster exports-led growth. This is described as the Bretton Woods II framework, where developing countries buy bonds in the...

by Ila Patnaik | On 30 Nov 2009

GenNext Banking: Issues and Perspectives

The speech covers the macro setting for GenNext banking by way of discussing the demographic composition of India’s population and the nexus between low dependency ratio and saving. It also provides...

by Chakrabarty K C | On 30 Nov 2009

Think the Future

The time may have come to stop thinking of five-year plans, and to focus instead on 10- and 20-year scenarios.

by T.N. Ninan | On 23 Nov 2009

Innovation through Long-distance Conversations? Lessons from Offshoring-based Software Clusters in Bangalore

This paper is aganist the popular assertion regarding the links between innovation and clustering and it is found that the main sources of knowledge transfer and innovation among key firms in Bangalor...

by Aya Okada | On 23 Nov 2009

Post-Conflict Recovery: Does the Global Economy Work for Peace?

This paper mainly addresses the economic dimensions, concentrating on the importance of international trade to state-building and the need for global public goods in a global market economy. The focu...

by Tony Addison | On 23 Nov 2009

New Steps to Faster and Broader Debt Relief for Developing Countries

This paper mainly describes he concepts of FTAP and explains the current political state of affairs in the international discussions. [FES]

by Jürgen Kaiser | On 09 Nov 2009

Philosophy and Practice of Financial Sector Regulation – Space for Unorthodoxy

Evolution of the financial sector regulation in India, particularly focusing on the elements of the policy framework which have contributed to the broader stability in the financial sector is depicted...

by Shyamala Gopinath | On 05 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

Environmental Sector China: From Major Building Site to Growth Market

China’s economy is booming at the expense of its environment. The country’s resource efficiency is nowhere near the level of western nations. Per unit of gross domestic product China consumes more tha...

by Eric Heymann | On 22 Oct 2009

Learning from Crises

Recollect and recount lessons from crises. The key lessons are how to anticipate and take pre-emptive action and equally important, once you are in the middle of it, how to respond effectively namely,...

by Usha Thorat | On 22 Oct 2009

Relevance of Trained Traditional Birth Attendants in Maternal Health Case Study of Tehri Garhwal District Uttaranchal State

The methodology had two parts - secondary data analysis and a descriptive cross sectional study. Secondary date analysis was carried our using a sample of 1,028 men and 1,028 women in the reproductive...

by Pratibha Esther Singh | On 16 Oct 2009

Financing the Panchayati Raj Institutions: Flagging Some Issues For The 13th CFC

The Finances of the PRIs are looked into. The role of 13th Finance Commission is explained. Some ‘learnings’ from International experience is given.

by Abhay Pethe | On 15 Oct 2009

How Sapient is Homo Economicus? The Evolutionary Origins of Trade, Ethics and Economic Rationality

The paper argues that economism and, in particular, the individual drive to maximize utility and amass profit are not enough to ensure the efficient functioning of an economy; and that even for elemen...

by Kaushik Basu | 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

Rural Health Services at Cross-Roads: Insights from Gujarat

The objective of the paper is to i) understand and document the morbidity profile, ii) examine utilisation of health services, and iii) estimate approximate expenses on health care by th...

by Ratnawali Sinha | On 07 Oct 2009

Dual Practice by Public Health Providers in Shandong and Sichuan Provinces, China

Private practice in the health sector was re-introduced from 1980, when China began its economic reform from a planned economy to a market economy. But today the total number of private sector provide...

by Ying Bian | On 30 Sep 2009

The Afghan Economy After the Election

There were many challenges involved in the conduct of the elections. For example, the people had to cast votes among 16 presidential candidates (2 candidates withdrew two days before the elections) i...

by Manabu Fujimura | On 17 Sep 2009

Monetary Policy, Forex Markets and Feedback Under Uncertainity in an Opening Economy

Options for monetary policy arising from interactions between it and Indian foreign exchange (FX) markets. A brief survey covers recent rapid changes providing a snapshot of current microstructure, ...

by Ashima Goyal | On 14 Sep 2009

Definitional and Statistical Issues Relating to Workers in Informal Employment

This paper based on Indian and international documents assesses existing definition, criteria and methodologies for estimating employment and income generated in the informal economy in India. [NCEUS...

by Sheila Bhalla | On 02 Sep 2009

Do Remittances Impact the Economy? Some Empirical Evidences from A Developing Economy

The study attempts to examine the impact of remittances on macroeconomic activities (private consumption and investment) and its implications on economic growth in India for the period from 1966-67 to...

by Hrushikesh Mallick | On 01 Sep 2009

Workbook on Life Skills

RGNIYD planned to develop a workbook on Life Skills which would help adolescents to both understand the concepts of the ten core Life Skills and practice them. The workbook has been carefully designed...

by Rajiv Gandhi National Institute of Youth Developme RGNIYD | On 19 Aug 2009

Employment and Income in India: Case of a City Economy

This paper analyses the pattern of growth observed in the city economy of Ahmedabad, a metropolitan city in the industrially developed state of Gujarat. The growth of this city is placed in the cont...

by Jeemol Unni | On 17 Aug 2009

A Simple Model of the Financial Crisis of 2007-9 with Implications for the Design of a Stimulus Package

The financial crisis of 2007-09 began as a local problem in the mortgage finance market in the United States and Europe but, within months, escalated into a general global financial crisis, resulting...

by Kaushik Basu | On 17 Aug 2009

Morbidity Patterns In Kerala: Levels and Determinants

This paper examines the levels, patterns, and determinants of morbidity in Kerala. This study is based on a community survey conducted in 2004, in three districts of the state namely Thiruvananthap...

by Navaneetham K | On 14 Aug 2009

Aggregate Productivity Growth in Indian Manufacturing: An Application of Domar Aggregation

An attempt is made to compute the aggregate productivity growth using the Domar aggregation technique. Building up from the Total Factor Productivity Growth (TFPG) estimates for 3-digit industries, we...

by Deb Kusum Das | On 12 Aug 2009

Technology, Financial Inclusion and Role of Urban Cooperative Banks

The focus should be to simplify the technology which can operate on any platform. The technology solution to the business needs should be user-friendly without much third-party or IT vendor interventi...

by Chakrabarty K C | On 11 Aug 2009

Incentives in Elementary Education - do They Make a Difference

This study tried to bring together the experiences of different approaches to incentives followed by six NGOs in the states of Rajasthan, Maharashtra, Orissa, Andhra Pradesh and Karnataka. Issues deal...

by Vimala Ramachandran | On 11 Aug 2009

National Innovation System and the Emergence of Indian Information and Software Technology Multinationals

This study analyzes the factors leading to the emergence of these Indian IST firms as multinationals in the global market. Applying the theoretical framework of national innovation system (NIS), the...

by Jaya Prakash Pradhan | On 07 Aug 2009

A Model of Market Clearing Exchange Rates

This paper formulates a model of exchange rate determination that describes the market processes by which the foreign exchange markets are cleared and international receipts of countries are brought...

by Rajas Parchure | On 06 Aug 2009

Value Addition by the Marine Fisheries Sector

The article describes the important role played by Marine fishereis in the Indian economy. It elaborates the issues associated with value addition of this sector with special reference to optimum capa...

by Karmakar K G | On 27 Jul 2009

Nepal Budget 2009-10

Budget presented by Finance minister of Nepal.

by Surendra Pandey | On 27 Jul 2009

Impact of Global Financial Crisis on Reserve Bank of India (RBI) as a National Regulator

The multi-dimensional role of RBI and how it reponded to the financial crisis is depicted in the presentation. [Presentation made at the 56th EXCOM Meeting and FinPower CEO Forum organised by APRACA a...

by Usha Thorat | On 15 Jul 2009

Union Budget-First Cut Analysis 2009-2010

The thrust of this budget on the expenditure side is twofold. Continue with the fiscal stimulus measures and extend these for another six months or one years as the case maybe. Significant among these...

by IRIS India IRIS | On 09 Jul 2009

Budget 2009-2010

Budget 2009-2010 by Pranab Mukherjee

by Pranab Mukherjee | On 09 Jul 2009

Report of the Internal Working Group on Debt Management

Establishing a debt management office would consolidate all debt management functions in a single agency, and be the catalyst for wider institutional reform and transparency about public debt. It is i...

by Ministry of Finance | On 04 Jul 2009

Reserve Bank of India Statistics Day- Governor's Inaugural Address

The third Annual Statistics Day Conference of the Reserve Bank. It has now become a tradition for to mark the Statistics Day as a tribute to late Professor P.C. Mahalanobis and his colossal contributi...

by D Subbarao | On 02 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

Crime, City and Space: A Case of Mumbai Megapolis

The present study has been an attempt to examine spatial distribution of various forms of crimes in Mumbai city (Municipal Corporation) and find out their correlates. More specifically the attempts ha...

by Abdul Shaban | On 23 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

Goods and Services Tax for India

The paper contours of a feasible design of VAT in India. It also takes on board the various alternatives proposed. It looks at the issues that need resolution and the options available for resolving t...

by R.Kavita Rao | On 12 Jun 2009

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

Does the Currency Regime Shape Unhedged Currency Exposure?

This paper examines how unhedged currency exposure of firms varies with changes in currency exibility. A sequence of four time-periods with alternating high and low currency volatility in India prov...

by Ila Patnaik | On 11 Jun 2009

A New Debt Crisis? Assessing the Impact of the Financial Crisis on Developing Countries

This report is intended as a wake-up call to anyone who thinks the developing world debt crisis has been resolved. In fact, it assesses fears of a new debt crisis, more serious than before, spreading...

by Sarah Edwards | On 11 Jun 2009

Risk Management in the Midst of the Global Financial Crisis

The global economy is passing through its deepest financial and economic crisis of our time. Protecting the Indian economy from the worst impact of the crisis has been a big challenge for the governme...

by D Subbarao | On 08 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

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

Mass Media and Public Policy: Global Evidence from Agricultural Policies

Mass media plays a crucial role in information distribution and thus in the political market and public policy making. Theory predicts that information provided by mass media reflects the media’s ince...

by Alessandro Olper | On 29 May 2009

Information Technology and Banking – A Continuing Agenda

Speech is about the role of IT in the Indian financial sector [Keynote address at the Banking Technology Awards 2008 of the Institute for Development & Research in Banking Technology, Hyderabad].

by D Subbarao | On 25 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

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

Measurement of Employment And Unemployment in India : Some Issues

This paper offers a review of the concepts and definitions used in the NSS Employment-Unemployment Surveys (EUS, for short) which have remained virtually unchanged since they were introduced in the NS...

by K. Sundaram | On 15 May 2009

Labour Management: Oxytocin in the context of the Millennium Development Goals

The appropriate use of oxytocin, one of the drugs on which is the focus in the ‘Tracing Pharmaceuticals’ project, is directly linked to Millennium Development Goals 4 and 5 (relating to child mortali...

by Patricia Jeffrey | On 14 May 2009

Social Protection for Informal Workers: Insecurities, Instruments and Institutional Mechanisms

This paper presents a broad definition of social protection to include basic securities, such as income, food, health and shelter, and economic securities including having income generating productive...

by Jeemol Unni | On 01 May 2009

Global Financial Crisis: Causes, Consequences and India’s Prospects

Presentation shows the global financial crisis, the difference between US, Europe and India, RBI’s policy response and impact, lessons from the crisis, medium-term issues and challenges. [Speech deliv...

by Rakesh Mohan | On 29 Apr 2009

China’s Socialist Market Economy: Lessons for Democratic Developing Countries

The paper’s focus is on successful Chinese policies that can be emulated by other countries to an extent (within certain bounds) which mentined in the article. The author is not trying to draw lesson...

by Arvind Virmani | On 22 Apr 2009

Sri Lanka Budget 2009

2009 Budget speech

by Ministry of Finance and Planning Sri Lanka | On 20 Apr 2009

Reserve Bank of India Platinum Jubilee Celebrations - Governor’s Address to Staff

The main question that the Governor is asking to the RBI staff is "how can I do my job better so that I can make a positive difference to the country?"

by Duvvuri Subbarao | On 08 Apr 2009

Karnataka Budget 2009-10

Budget speech by finance minister of Karnataka

by Government of Karnataka GoK | On 24 Feb 2009

The Missing Middle

The purpose of this paper is to provide evidence, and argue, that stunning as India’s success is, the potential – and need – is for still more reform and more rapid growth. 8 percent is a good rate of...

by Anne O. Krueger | On 17 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

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

Women's Contribution to the Economy Through Their Unpaid Household Work

An attempt has been made to discuss various aspects of unpaid household work such as its treatment in the system of National Accounts, and the methodologies of its valuation. With the help relevant da...

by R N Pandey | On 09 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

Employment Growth in Rural India: Distress Driven?

The 61st round of NSS shows that there is a turnaround in employment growth in rural India after a phase of ‘jobless growth’. Paradoxically, this employment growth occurred during a period of wide ...

by Vinoj Abraham | On 05 Jan 2009

Report on the GLobal Financial Crisis and Kerala Economy: Impact and Mitigation Measures

This preliminary report has been prepared with a view to assist the state government in understanding the implications of the crisis, so that appropriate policies and programmes could be chalked to de...

by Centre for Development Studies CDS | On 02 Jan 2009

Emerging through Technological Capability: An Overview of India’s Technological Trajectory

In this paper an overview of India’s technological trajectory with a view to understanding the nuances of India’s technological capability and the role it has played in the process of India’s econom...

by Amit Shovon Ray | On 26 Dec 2008

Mountains of Concrete: Dam Building in the Himalayas

The report discusses for the first time the linkages between climate change and dam-building in the Himalayas, and comprehensively analyzes the impacts of the dam building spree on the region's people...

by Shripad Dharmadhikary | On 26 Dec 2008

The Global Financial Turmoil and Challenges for the Indian Economy

Perspective on the current global turmoil, its impact on India, the outlook for the Indian economy and the challenges that lie ahead for the Indian banking system, in particular. [Speech delivered at...

by D Subbarao | On 19 Dec 2008

Reducing Currency and Maturity Mismatch

The main objectives of this report are to identify and propose policies, factors and conditions that could mitigate or avoid double mismatches. policies here means any course of action pursued and ad...

by Khee-Giap Tan | On 19 Dec 2008

Inda's Pharmaceutical Industry on Course for Globalisation

The pharmaceutical industry is expanding worldwide. For some years now, it has been benefiting from the particular dynamics of the Asian economies as both purchasers and producers. It is not only the...

by Uwe Perlitz | On 12 Dec 2008

Mitigating Spillovers and Contagion Lessons from the Global Financial Crisis

The speech mainly throws light upon the impact of financial crisis on emrging economies particulary India. [Speech delivered at Reserve Bank of India at the RBI-BIS Seminar at Hyderabad].

by Duvvuri Subbarao | On 05 Dec 2008

Global and Regional Shocks: Challenges to Asian

Two major economic problems are currently shadowing Asian economies. On the one hand, the slowdown in the US economy, ignited by the subprime mortgage crisis, may not be confined to the US region...

by Kwanho Shin | On 05 Dec 2008

The Role of Fiscal and Monetary Policies in Sustaining Growth with Stability in India

This paper focuses on the role of fiscal and monetary policies in the evolution of the Indian economy over the years, with particular attention being given to the reforms undertaken in these policies...

by Rakesh Mohan | On 28 Nov 2008

The Chinese Export Bundles: Patterns, Puzzles and Possible Explanations

Using product-level data on exports from different cities within China, this paper investigates the contributing factors to the rising export sophistication. [WP no. 226].

by Zhi Wang | On 26 Nov 2008

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

The Incidence and Performance Effects of Interlocking Directorates in Emerging Market Business Groups: Evidence from India

The structure and extent of interlocking directorates within Indian business groups is studied and analyses the performance effects of such interlocks. It finds that large groups tend to have more int...

by Bikram De | On 21 Nov 2008

Trade in Health Services

The paper provides an overview of the nature of trade in health services in the world economy. It oulines some of the general implications of trade in health services for national health systems for a...

by Rupa Chanda | On 13 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

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

Global Financial Turmoil and India’s Look East Policy

The ongoing global financial turmoil represents an end of an era of exuberant financial capitalism. But the transition to a more sedate and scaled down financial sector will be traumatic for the world...

by Mukul Asher | On 15 Oct 2008

International Financial Regulation : The Quiet Revolution

The author points out that the general directions of change adopted by the financial authorities in countries around the world in response to the market turbulence of 1997 and 1998 are correct. But, e...

by Howard Davies | On 14 Oct 2008

Heterodox Macroeconomics and the Design of Monetary Institutions

Two agendas of the heterodox economics programme; the stock-flow consistent models pioneered by Wynne Godley, and the monetary circuit approach researched in France and Italy are discussed. The object...

by Romar Correa | On 10 Oct 2008

Aspirations, Segregation and Occupational Choice

This paper examines steady states of an overlapping generations economy with a given distribution of household locations over a one-dimensional interval. Parents decide whether or not to educate the...

by Dilip Mookherjee | On 06 Oct 2008

Issues Before the Thirteenth Finance Commission

The paper argues that irrespective of the wording of the Terms of Reference (ToR), the Commission would do well to focus on its primary task of recommending transfers to serve the objective of equit...

by M.Govinda Rao | On 06 Oct 2008

Maternal Morbidity in Rural Andhra Pradesh

Pregnency constitutes a high risk of morbidity and mortality due to associated psychological stress. Many women do not die of causes related to pregnency but suufer severe morbidities. in developing c...

by G Rama Padma | On 30 Sep 2008

Pollution Across Chinese Provinces

The environmental Kuznets curve (EKC) hypothesis is revisited using 1987-1995 data for Chinese provinces.

by Catherine Yap Co | On 29 Sep 2008

Payment and Settlement System in India

The lecture is about the payment system in India, which is an important element of the financial sector infrastructure. The lecture also shows the evolution and objectives of the Indian payment system...

by Leeladhar V | On 25 Sep 2008

Estimating the Value of Educational Capital Formation in India.

Education is an important component of economic activity, although investment in education is only one of the many forms of investment in human capital. The idea behind this is that investment in huma...

by Haripriya Gundimeda | On 17 Sep 2008

Financial Inclusion and Information Technology

Today banks have centralised operations, more and more banks and branches are moving to CBS , network based computing, new delivery channels such as networked ATMs, internet banking, smart card based...

by Usha Thorat | On 16 Sep 2008

The Paddy Chain: Building Constructive Alternatives

Research Studies on Rice/Paddy initiated by Hivos in Indonesia, Sri Lanka, India and The Netherlands looked at several aspects related to ecological/environmental, economic, institutional, social/gen...

by G V Ramanjaneyulu | On 15 Sep 2008

Malaysia: A Country for Old Men

The emergence of China and India as economic giants has impacted the influence of Malaysia. Despite its remarkable economic and social success, Malaysia’s three main races – Malays, Indians and Chines...

by Asian Centre for Human Rights ACHR | On 08 Sep 2008

Tax Challenges Facing Developing Countries

Most developing countries continue to face serious problems in developing adequate and responsive tax systems. This paper reviews the three principal ways in which developing countries may expand and...

by Richard M. Bird | On 25 Aug 2008

Growing Services in India - An Inter-Sectoral Analysis Based on State-Level Data

This study is an inter-sectoral analysis of state domestic product data to understand the determinants of the services sector growth in India during the recent years. It is a demand side analysis wh...

by Deepita Chakravarty | On 11 Aug 2008

The Indian Banking Industry – A Retrospect of Select Aspects

A broad overview of the achievements and progress made by the Indian banking sector in the last two decades and the emerging frontiers of the Indian banking system, in the post-reform era. [Address d...

by Leeladhar V | On 11 Aug 2008

Macroeconomic and Monetary Developments First Quarter Review 2008-09

The Reserve Bank released the document “Macroeconomic and Monetary Developments: First Quarter Review 2008-09” to serve as a backdrop to the First Quarter Review of Annual Policy Statement for 2008-0...

by Reserve Bank of India | On 28 Jul 2008

Measuring Sustainability with Macroeconomic Data for India

This paper investigates certain macro data on the Indian economy to draw inferences on the sustainability of the economic growth experienced over the last couple of decades. Interpreting sustainabilit...

by Purnamita Dasgupta | On 24 Jul 2008

The Poverty Argument

The Poverty Argument arises from the single fact that any family with a critically low level of income and struggling to keep “the wolf from the door” must, in order to survive, send the children to w...

by M. Nagarjuna | On 23 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

Poverty Eradication and Human Rights

This paper examines the proposition that "poverty is a violation of human rights". The author disuses the possibility of this proposition to be implementable in real case senarios and in polcies,

by Arjun Sengupta | On 26 Jun 2008

Changing Paradigm of Indo-Japan Relations: Opportunities and Challenges

This paper presents an overview of Indo-Japan cooperation since late 18th and early 19th century till date. In the light of the changing paradigm in India-Japan relations over the past several years,...

by PG Rajamohan | On 23 Jun 2008

Foreign Entry and Domestic Welfare: Can “Market Discipline” be Excessive

For most developed countries, "opening up" of the economy has meant the reduction of non-prohibitive tariffs and the easing or abolition of quantitative restrictions. For manydeveloping countries and...

by Aditya Bhattacharjea | On 20 Jun 2008

Process, People, Power and Conflict: Some Lessons from a Participatory Policy Process in Andhra Pradesh, India

A large body of empirical literature highlights the need for stakeholder participation within the context of policy change and democratic governance. This makes intuitive sense and may appear to be a...

by Vinod Ahuja | On 19 Jun 2008

Interest Rate Modeling and Forecasting in India

The interest rate is a key financial variable that affects decision of consumers, businesses, financial institutions, professional investors and policymakers. Timely forecast of interest rates can the...

by Pami Dua | On 13 Jun 2008

Inclusive Growth in Andhra Pradesh: Challenges in Agriculture, Poverty, Social Sector and Regional Disparities

The important elements of inclusive growth are: agricultural growth, employment generation and poverty reduction, social sector (health and education) and reduction in regional and other disparities...

by S.Mahendra Dev | On 31 May 2008

Differential Impact of Development Interventions on Multiple Ethnic Groups

This paper looks at the effects on livestock of silvi-pasture development on common lands in relation to (a) ruminant systems and (b) livestock numbers and ownership patterns in Rajasthan, India. [SDC...

by Czech Conroy | On 14 May 2008

New issues in Indian macro policy

For many decades, macro-policy in India was conducted in an environment with five key elements: ˆ Agricultural shocks rather than a conventional business cycle; A closed economy; deeply distorti...

by Ajay Shah | On 13 May 2008

Reprioritisation of Public Expenditure for Human Development

An important method of managing resources to finance consistent and balanced human development lies in the reprioritisation of current expenditure in accordance with the urgent needs and shortfalls...

by Tapas K. Sen | On 13 May 2008

Action Plan to Address Agrarian Distress in India

The government of India has appointed many committees to look into the issue of agrarian distress in India. An Expert Panel was constituted by the National Bank for Agricultural and Rural Development...

by Satish Chander | On 12 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

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

Report of High Level Group on Services Sector

The Planning Commission constituted a high level committee for comprehensively examining the different aspects influencing the performance of the services sector and suggest short-term and long-term p...

by Anwarul Hoda | On 09 Apr 2008

Newsletter on Regional Economy: A bi-monthly four state update from IRIS India

A monthly compilation by IRIS.

by IRIS India IRIS | On 09 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

Markets, politics and freedom in the work of Hannah Arendt

Like the alchemist's philosopher's stone of old, though, the heavy artillery of game theory is being wheeled out in more and more sophisticated models, in the hope of converting the lead of individual...

by Kevin Quinn | On 17 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

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 | On 17 Mar 2008

Andhra Pradesh Budget 2008-09

SPEECH OF SRI K. ROSAIAH, HONOURABLE FINANCE MINISTER WHILE PRESENTING THE BUDGET FOR THE YEAR 2008-09 TO THE ANDHRA PRADESH STATE LEGISLATURE.

by Government Andhra Pradesh | On 10 Mar 2008

Union Budget 2008-09: A Bag of Tricks to Get the Vote

The budget is an election budget. There are lots of sectors which needs more attention. Many questions are raised at the end of the document which the government may fail to answer

by Arun Kumar | On 04 Mar 2008

Key Features of Budget 2008-2009

Budget presented by Finance Minister

by P Chidambaram | On 29 Feb 2008

Economic Survey: State of the Economy

Economy Survey 2007-08. website:http://indiabudget.nic.in

by Ministry of Finance | On 29 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

The Growth Record of the Indian Economy, 1950-2008: A Story of Sustained Savings and Investment

A review of the overall macroeconomic performance in India since independence, the prospects for the coming five years and finally the issues that need to be addressed for sustaining the growth of the...

by Rakesh Mohan | On 16 Feb 2008

Regulation of Informal Financial Institutions: A Study of Money Lenders in Kerala

The working of money lenders in Kerala are analysed. Based on a sample survey, the paper has estimated the volume of deposits and credits extended by money lenders in Kerala and has brought out the un...

by P D Jeromi | On 13 Feb 2008

Environmentally Sound Technologies for Sustainable Development of China and India

The paper compares policy responses of China and India to the global requirements of trade and environment regimes as well as the domestic compulsions are compared.

by Sankar U | On 11 Feb 2008

Speech of the Finance Minister at the Annual Economic Editors’ Conference

Shows how the macro economic variables of Indian Economy are performing.

by P Chidambaram | On 11 Feb 2008

Gender Planning, Budgeting and Auditing

This manual is intended to help local governments to uphold the human rights of women, by involving them in identifying their needs and with their participation, to find possible solutions and move to...

by Aleyamma Vijayan | On 04 Feb 2008

Who Can Rule?

As the title of the article says, the question asked here is who can fight terrorisn in Pakistan?

by T.N. Ninan | On 21 Jan 2008

Managing Migration in thePhilippines: Lessons for India

The significance of international migration in the Philippines economy and society is discussed. The Government of Philippines plays a supportive and regulatory role promoting internationational migr...

by S. Irudaya Rajan | On 19 Jan 2008

The Fundamental Equilibrium Real ExchangeRate in India : An Approach to Estimation and Measurement of Misalignment

An estimation of the real equilibrium exchange rate for India for the period in the latter half of the 1990s using fundamental economic variables by decomposing a structural VAR vested with appropriat...

by Himanshu Joshi | On 18 Jan 2008

Newsletter on Regional Economy A bi-monthly four-state update from IRIS

A monthly compilation by IRIS.

by IRIS India IRIS | On 11 Jan 2008

Intergrated Energy Policy

The report of the Expert Committee provides a broad overarching framework for guiding the policies governing the production and use of different forms of energy from various sources. It makes specific...

by Planning Commission, India | On 10 Jan 2008

Management of the Capital Account in India: Some Perspectives

Management of capital accounts in the global context and in the Indian context. [Inaugural address delivered by Dr. Y. V. Reddy, Governor, Reserve Bank of India at the Annual Conference of the Indian...

by Y V Reddy | On 08 Jan 2008

Drains, Hoards and Foreigners: Does the 19th Century Indian Economy have any Lessons for the 21st Century India?

With the 19th century drain, no one was certain if the benefit exceeded the cost and since the rulers were foreign the suspicion was that any investment they made was not beneficial. But the lesson f...

by Lord Meghnad Desai | On 25 Dec 2007

Education for All by 2015 Will We Make It?

The EFA Global Monitoring Report offers an authoritative reference for comparing the experiences of countries, understanding the positive impact of specific policies and recognizing that progress ha...

by UNESCO Publishing | On 05 Dec 2007

The Growing Importance of Emerging Economies in the Globalised World and its Implications for the International Financial Architecture

The growing importance of India and other emerging economies in the globalized world are given in this lecture. This group of economies is not easy to define. However, some reflections on the implicat...

by Jean-Claude Trichet | On 30 Nov 2007

A Success Story

India's economic reforms are evaluated.

by T.N. Ninan | On 26 Nov 2007

The Growth Performance Of India’s Telecommunications Services Industry, 1991-2006. Can It Lead To The Emergence of a Domestic Manufacturing Hub?

A distinguishing aspect of the growth performance is that India now has five mobile phones for every one fixed telephone and the monthly additions to mobile subscribers are well over six million. Such...

by Sunil Mani | On 26 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

Thirty Ways to Improve the Health of the World’s Poorest People

Only when (and if) the “haves” develop genuine empathy for the “have-nots,” and come to acknowledge their own long-term interdependence with all other humans, will the global economy be improved to an...

by PLoS Medicine | On 06 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

Non Deliverable Foreign Exchange Forward Market: An Overview

Recognising the growing activity in the non deliverable forward (NDF) market in the recent years, the paper attempts to present a detailed analysis of the NDF market with special focus on Indian rupee...

by Sangita Misra | On 22 Oct 2007

Newsletter on Regional Economy: A bi-monthly four-state update

A monthly compilation by IRIS.

by IRIS India IRIS | On 22 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

Why Don’t Small and Medium Enterprises Innovate More : Creating a Cooperative Learning Environment at Individual, Firm and Regional Level

In a globalising economy, regional or national benchmarks do not suffice any more. Be it technology or business method or practices, Indian small scale entrepreneurs will have to benchmark their curre...

by Anil K Gupta | On 10 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

Between Stools

Different options that RBI and government must decide regard to future inflows of international capital to India.

by T.N. Ninan | On 08 Oct 2007

Report of the Working Group on Preparing Guidelines for Access to Payment Systems

The Reserve Bank had constituted an internal working group to review the existing access criteria and suggest changes that may be adopted for access to Payment and Settlement Systems. The Group has pr...

by Reserve Bank of India | On 05 Oct 2007

Capital Inflows, Financial Repression and Macroeconomic Policy in India since the Reforms

Since the early 1990s the Indian economy has seen a considerable relaxation of controls, as a consequence of which it has witnessed unprecedented growth. This is especially remarkable in the external...

by Partha Sen | On 04 Oct 2007

What Can Economists Explain by Taking into Account People’s Perceptions of Fairness: Punishing Cheats, Bargaining Impasse, and Self-Perpetuating Inequalities

Evidence abounds that individuals have preferences for being fairly treated and treating others fairly. These preferences do not affect economic outcomes in competitive markets with standardized prod...

by Karla Hoff | On 03 Oct 2007

Reproductive Health Research Priorities in India: a Framework for Action

A research framework is proposed that needs to be pursued in order to achieve RCH goals in time bound manner. It is being argued that need for additional research inputs largely stems from the current...

by Dinesh Agarwal | On 01 Oct 2007

Review of Rural Non-farm Sector in India: Recent Evidence

During the period 1972-73 to 2004-05 in rural India, the total number of workers expanded more in the non-farm sector than the farm sector with the rise in male workers being sharper than that of fema...

by Sharad Ranjan | On 30 Sep 2007

The Reserve Bank and the State Governments: Partners in Progress

The States, relative to the Centre, have taken the centre-stage in the reform process since the areas of highest national priority now fall essentially within the purview of the States. The unique and...

by Y V Reddy | On 26 Sep 2007

Models of Equilibrium Real Exchange Rates Revisited: A Selective Review of the Literature

One of the more important concepts in open macroeconomics is the “equilibrium real exchange rate” (ERER). Real exchange rate misalignments are argued to have been the cause of loss of competitivene...

by Reza Y. Siregar | On 20 Sep 2007

Holding Companies in Banking Groups

RBI seeks comments from the public for this paper. Comments may be sent to the Chief General Manager-in-Charge, Department of Banking Operations and Development, Reserve Bank of India, Central Office,...

by Reserve Bank of India | On 19 Sep 2007

India’s Preparedness for Basel II Implementation

Evolution of the revised framework, its broad structure, preparatory measures taken by the RBI for implementing this framework and the challenges that will need to be tackled in migration to Basel II...

by Leeladhar V | On 14 Sep 2007

Volatality of Agricultural Prices – An Analysis of Major International and Domestic Markets

The price volatility of agricultural commodities assumes critical importance in the context of the ongoing debate regarding agricultural trade liberalisation in India. The arguments against agricultur...

by C S C Sekhar | On 12 Sep 2007

Monetary Policy Developments in India: An Overview

A review of the recent developments in the Indian Economy. Review of the trends in monetary policy challenges globally and for emerging market economies (EMEs) in particular. The monetary policy frame...

by Y V Reddy | On 10 Sep 2007

Should NABARD be Micro Finance Regulator?

NABARD is a key participant in the micro finance sector and has been closely associated with one of the two prevailing modes i.e. SHG-bank linkage mode of delivery of micro finance services. The devel...

by Mukul Asher | On 04 Sep 2007

RBI Annual Report for 2006-07

Annual report of RBI for the year 2006-07

by Reserve Bank of India | On 31 Aug 2007

Report of the Inter-ministerial Task Force on Convergence of Securities and Commodity Derivative Market

With the abolition of prohibition on forward trade in all the commodities at the beginning of 2003, the commodity derivativesmarket has been totally liberalized. The Ramamoorthy Committee set up by SE...

by Ministry for Consumer Affairs,Food and Public Dist MCAFP | On 26 Aug 2007

Newsletter on Regional Economy: A bi-monthly four-state update

A monthly compilation by IRIS.

by IRIS India IRIS | On 22 Aug 2007

The Indian Economy since Independence

India's has been a unique path of economic development—internally decided in a democratic framework, constantly debated between different ideologies and interest groups, and increasingly engaging wi...

by Vinod Vyasulu | On 21 Aug 2007

A Change of Mood

There is a change in the financial scenario. Any sustained bout of fair weather on the markets creates business excesses as investors and consumers start discounting risk more and more. So it is healt...

by T.N. Ninan | On 20 Aug 2007

Contagion Again?

Financial contagion is dangerous because you don’t know where it will hit, and how hard. Every country has to remmber this and make arrangements so that a criris does not repeat as happenend in 1997 (...

by T.N. Ninan | On 13 Aug 2007

First Quarter Review of Monetary Policy: Underlying Macroeconomics

An overview of domestic and global macroeconomic developments [Valedictory address at the High Powered Macroeconomic Workshop organised by the State Bank of India].

by Rakesh Mohan | On 08 Aug 2007

On Self-financing of Institutions of Higher Learning in India

Our higher education system needs restructuring and it should avoid conspicuous consumption. Institutions should try to earn money by doing some productive activities. It should be made mandatory tha...

by S.K. Mishra | On 08 Aug 2007

The Real Numbers

The macro-economic numbers put out by the official statistical systems do not capture the full underlying reality because of a variety of accounting fudges and delayed decisions. Taken in its totality...

by T.N. Ninan | On 30 Jul 2007

Foreign Exchange Reserves

The report is a compilation of quantitative information with regard to external reserves, such as, level of foreign exchange reserves, sources of accretion to foreign exchange reserves, external liabi...

by Reserve Bank of India | On 26 Jul 2007

Governance Institutions and Development

The problem of corruption has become very important in recent thinking on development policy. But corruption is only a part of the more general issue of economic governance, and of more general policy...

by Avinash K Dixit | On 17 Jul 2007

Think Productivity

Export growth and rate of increase in bank credit have slowed down, oil prices are very high, becasuse of the interest rate hike, housing demand has reduced. Even though Sensex has crossed 15000, GDP...

by T.N. Ninan | On 10 Jul 2007

Statistical System of India: Some Reflections

The historical development of statistics in India is outlined. The application of statistics in RBI and the areas where statisticians can contribute significantly are also given [Speech delivered on T...

by Rakesh Mohan | On 10 Jul 2007

Is India Better off Today Than 15 Years Ago? A Robust Multidimensional Answer

This paper provides a robust normative evaluation of the spectacular growth episode that India has experienced in the last 15 years. Specifically, the paper compares the evolution, between 1988, 1996...

by Nicolas Gravel | On 06 Jul 2007

Newsletter on Regional Economy: A bi-monthly four-state update

A monthly compilation by IRIS.

by IRIS India IRIS | On 06 Jul 2007

Glimpses of Indian Economy and its Financial Sector

A brief introduction to Reserve Bank of India, followed by glimpses of the Indian economy. A detailed account of reforms in India’s financial sector, in particular, the banking sector, and financial m...

by Y V Reddy | On 05 Jul 2007

Impact of U.S. Federal Interest Rate and Movement of MSCI on Indian Capital Markets

The relationship between Indian macro-economic factors and economic growth has been analyzed by a number of empirical studies. This paper re-examines the sources of variability in the Indian economy f...

by Bharat Chadha | On 26 Jun 2007

Growth Data: What's the Real Story

What will be the country’s real growth story after the data revision?

by Savita Kulkarni | On 19 Jun 2007

Industrial Growth in Kerala: Trends and Explanations

The study traces the trends in industrial growth against the backdrop of the overall economic growth in Kerala under the influence of the ongoing economic reforms and evaluates it against the performa...

by KK Subrahmanian | On 14 Jun 2007

Book Review: Quick Overview

Review of : India’s Long-Term Growth Experience: Lessons and Prospects by Sadiq Ahmed. Sage India, New Delhi, February 2007.

by S. Chandrasekhar | On 31 May 2007

Time to Mainstream Micro-Pensions in India

The paper has argued that to expand coverage of micro-pensions, social entrepreneurship (along with social responsibility) will be needed by the financial sector, including the MFIs, insurance compani...

by Mukul Asher | On 08 May 2007

Primary Education in India Prospects of Meeting the MDG Target

By using two large repeated cross-sections, one for the early 1990s, and one for the late 1990s, the growth in school enrolment is described and completion rates for boys and girls in India, and to ex...

by Sonia Bhalotra | On 22 Mar 2007

Agricultural Development In Maharashtra: Highlights Of Growth Patterns And Policy Implications

The growth performance of agriculture in Maharashtra was highly impressive is the early part of the green revolution period but deteriorated after 1980-81. the severe set back to growth in yield per h...

by Sawant S D | On 22 Mar 2007

Dynamics Of Rice Economy In India: Emerging Scenario And Policy Options

Most of 726 million rural populations in India is dependent on agriculture. Rice is the staple food of nearly 65% of the total population in India. The production of rough rice reached 135 million ton...

by Barah B.C. | On 09 Mar 2007

Agriculture: A Perspective from History, the Metrics of Comparative Advantage, and Limitations of the Market to Understand the Role of State in a Globalising World

Multilateral agencies and economists with much influence have been urging laissez-faire in agriculture. While success with the rich countries has been minimal despite the commitments under the WTO, ma...

by Sebastian Morris | On 07 Mar 2007

Editorial: Outlays Only, Not Outcomes?

The Budget does not sufficiently recognize the need for re-balancing the role of the state and the market, and of the public and the private sectors for managing increasingly complex economic and stra...

by Mukul Asher | On 07 Mar 2007

Women's Health

The double burden carried by women explains their chronic state of malnutrition, overwork and fatigue. Added to these are the stresses and strains of modern life, environmental degradation and increa...

by Jan Swasthya Abhiyan | On 28 Feb 2007

Fiscal Deficit, Capital Formation, and Crowding Out : Evidence from India

Theoretical literature identifies two variants of crowding out in an economy–real and financial. The real (direct) crowding out occurs when the increase in public investment displaces private capital...

by Lekha S. Chakraborty | On 17 Feb 2007

Outcome of the review of the trends in receipts and expenditure in relation to the budget at the end of the second quarter of the financial year 2006-2007

This mid-year review reports developments in the economy in the first half of 2006- 07, with a particular focus on Central Government finances, outlining the performances in the real sector, economi...

by Ministry of Finance | On 06 Feb 2007

What Drives Forward Premia in Indian Forex Market?

This paper explores the behaviour of the forward premia for US$ vis-à-vis INR during the five-year period of September 2000 to September 2005. Indian forex market experienced a peculiar phenomenon i...

by Anil Kumar Sharma | On 10 Jan 2007

Reserve Bank of India Occasional Papers

The objective of the Reserve Bank of India Occasional Papers is to publish high quality research produced by the staff of the Reserve Bank of India on a broad array of issues of interest to a large...

by Reserve Bank of India | On 10 Jan 2007

Food Retailing, Supermarkets and Food Security: Highlights from Latin America

The importance of supermarkets in the world food economy has increased radically since the early 1990s. They are now major sellers and buyers of food items not only in developed but also in developin...

by Mehmet Arda | On 27 Dec 2006

Maternal Mortality in India, 1997-2003 : Trends, Causes and Risk Factors (Sample Registration System)

This Report provides estimates of maternal mortality for the period 1997-2003. The study shows that overall MMR which was in the vicinity of 400 in 1997-98, has come down to about 300 in 2001-03, thus...

by Registrar General, India | On 20 Dec 2006

Revisiting Primary Health Care in the 21st Century

Although ‘Primary Health Care’, as outlined in the famous Alma Ata Declaration has been a central concept and strategy in the field of health care in the late 20th century, it has not found mention in...

by Anant Phadke | On 11 Dec 2006

Globalization and China's 'Race to the Bottom' in Labour Standards

Globalization, or integration with the world economy via WTO membership, was expected to increase foriegn investment and benefit the labour intensive manufacturing sector in China. Yet, although forei...

by Anita Chan | On 26 Oct 2006

Cautionary tale

Investors in today’s India should not need to seek escape from poor infrastructure and irrational labour laws, in special zones; rather, the underlying problems should be tackled in the country as a w...

by T.N. Ninan | On 01 Oct 2006

Take-off

The world economy is slowing down, the commodity sector is headed for bleaker times, the downswing phase of the business cycle could see problems emerge that are hidden during the good times, protecti...

by T.N. Ninan | On 01 Oct 2006

Wrong focus

If business gains at the expense of other stake-holders (consumers, the tax department, farmers), economic benefits get captured by a small minority at the top of the pyramid. Even without skewed poli...

by T.N. Ninan | On 01 Oct 2006

The Future of Drug Development: the Economics of Pharmacogenomics

This paper models how the evolving field of pharmacogenomics (PG), which is the science of using genomic markers to predict drug response, may impact drug development times, attrition rates, costs,and...

by John A. Vernon | On 17 Aug 2006

Does Repayment Indicate the Success of Micro-Finance Programme?

This paper examines the patterns of loan utilisation and repayment among micro-finance group members for Wayland district of Kerala. It argues that 100 per cent repayment by members need not always in...

by Emil Mathew | On 12 Aug 2006

A Draft Approach Paper to the 11th Plan: A Preliminary Critique from Women’s Organizations

preliminary critique of the Draft Approach Paper to the Eleventh Five Year Plan released recently by the Planning Commission was submitted by the representatives of six women’s organizations on the 11...

by Sudha Sundararaman | On 19 Jul 2006

Sub-National Innovation Networks in India: An Emerging Scenario

Proliferation of sub-national innovation networks, a relatively new concept, promises to be an alternative to centralized national innovation system. To be an independent entity, its growth must come...

by A.S. Rao | On 03 Jun 2006

Non-equity Alliances and the Performance of Indian Software Firms

The Indian software industry has grown very rapidly for more than a decade. In this study we report the results of a multivariate statistical analysis of the determinants of sales revenue growth and p...

by N.S. Siddharthan | On 03 Jun 2006

Estimating the Value of Agricultural Cropland and Pasteurland in India

The main aim of this study is to develop an accounting framework that reflects the real contribution of agricultural land and pastureland to society. The more specific objectives are to: 1 estimate...

by Haripriya Gundimeda | On 23 May 2006

The Value of Timber, Carbon, Fuelwood,and Non-Timber Forest Products in India's Forests

Accounting for forest wealth is an important ingredient in creating a framework for analysing policy trade-offs. This study describes forestry-related stocks and flows in terms of land area (under fo...

by Haripriya Gundimeda | On 15 May 2006

Population Ageing and Health in India

The number of elderly in the developing countries has been growing at a phenomenal rate; in 1990 the population of 60 years and above in the developing countries exceeded that of the developed countri...

by S. Irudaya Rajan | On 24 Apr 2006

India’s Demographic Trends: Implications for Growth and Capital Markets

India is in a favourable demographic phase, which has the potential to increase its trend rate of growth and depth of its financial and capital markets. These effects however are not likely to be au...

by Mukul Asher | On 17 Apr 2006

An Emerging Knowledge Economy and a Stagnating Agrarian Economy: Contradictions in Andhra Pradesh under Globalization

This paper presents some features of the contradictions in Andhra Pradesh’s economy today: the fast growth of IT and other technology-intensive industries in Hyderabad, and the alarming levels of dist...

by Jayan Jose Thomas | On 30 Mar 2006

Changing Practices in/of Science: The Context of Intellectual Property Rights in India

Changes in the practices and norms of research have changed the dynamics of creation of knowledge. Issues of Intellectual Property Rights (IPRs) and proprietary information and knowledge have begun to...

by Sambit Mallick | On 29 Mar 2006

India’s Post-Liberalisation Growth Experience: An Analysis by the Demand Components

This paper tries to examine the sustainability aspect of the rate of growth (rog) in recent years, designated as ‘the second phase of liberalisation’. This paper is based on the Keynesian framework wh...

by Anamitra Roychowdhury | On 29 Mar 2006

India’s Pharmaceutical Industry in the WTO Regime: A SWOT Analysis

A SWOT analysis of the Indian Pharmaceutical Industry (IPI) in the WTO regime reveals that the much acclaimed IPI’s expertise in process development skills were made possible by the amendments made...

by N. Lalitha | On 28 Mar 2006

Trends and Patterns of Technology Acquisition in Indian Organized Manufacturing: An Inter-industry Exploration

With liberalization of foreign technology import policy in the 1990s, India has seen declining R&D intensity at national level. This has generated a general concern on how Indian industries are doin...

by Jaya Prakash Pradhan | On 28 Mar 2006

Foreign Direct Investment and Technology Spillovers:Evidence from the Indian Manufacturing Sector

During the recent period, many countries compete with each other to attract foreign investment. When MNCs invest in a host country, it is assumed that a part of their technology spills to the host cou...

by Subash Sasidharan | On 26 Mar 2006

Post-Autistic Economics Review, Issue No 36, February 2006

Results of Greatest Twentieth-Century Economists Poll Towards a Concrete Utopian Model of Green Political Economy by John Barry Economics Is Structured Like a Language by William Kaye-Blake ...

by Post-Autistic Economics Movement | On 26 Mar 2006

Chronicles of Tragedies and Harbingers of Hope: Resistance to Neo-Liberalism-- People’s Movements and Alternatives

Neo-liberal economic policies have threatened land security, security of employment opportunities and food security. In the background representatives of the peasantry have to transform themselves int...

by Vijoo Krishnan | On 26 Mar 2006

Coping with Risk or Courting More Risk?report on changing rural livelihoods during agrarian distress in Kerala

This paper deals with the agrarian distress experienced in parts of rural Kerala from the latter half of the 1990s, and the ways in which the distress affected the livelihoods of cultivating household...

by R. Ramakumar | On 26 Mar 2006

Regional and Gender Disparities in Agricultural Wages

This study on agricultural wages shows that states like West Bengal and Gujarat have performed well in providing gender equal wages to men and women. Kerala’s performance in maintaining gender equal w...

by Shambhu Ghatak | On 26 Mar 2006

International Young Scholars’ Seminar: Rich Nation, Poor People

Critical Perspectives on the Neo-liberal Regime in India 4–5–6 April 2006 Conference Room, Nehru Guest House, Jamia Millia Islamia, New Delhi Organized by Academy of Third World Studies, Jamia...

by LeftWord Books | On 25 Mar 2006

A Changed World: A Plea for New Thinking

This paper queries the rightness of the current mainstream thinking on development and technological change; expresses the apprehension that the much-feared climate change seems to have begun, and con...

by Ramaswamy R. Iyer | On 20 Mar 2006

Gender Audit of Budgets

The Budget is an important tool in the hands of state for affirmative action for improvement of gender relations through reduction of gender gap in the development process. Budgets garner resources th...

by Vibhuti Patel | On 09 Mar 2006

The Extent of Exchange Rate Flexibility in India: Basket Pegger or Closet US Dollar Pegger?

This paper examines the degree of de facto exchange rate flexibility for India over the last two decades. While there is a diversity of methods that measure de facto exchange rate regimes, none indivi...

by Tony Cavoli | On 08 Mar 2006

Union Budget : Financing Social Sector Budgets

There has been a perception that since the introduction of what have derisively been called “neo-liberal” reforms, the social sectors i.e. those dealing with education and health, have suffered. Is...

by Ajit Karnik | On 07 Mar 2006

The Budget, Outlays, and Inequality

Growth, or more accurately, the quality of growth, is intricately linked to inequality and so the Finance Minister and the government need to do more by addressing problems of governance as well. htt...

by Errol D'souza | On 06 Mar 2006

The Budget, Outlays, and Inequality

Growth, or more accurately, the quality of growth, is intricately linked to inequality and so the Finance Minister and the government need to do more by addressing problems of governance as well.

by Errol D'souza | On 06 Mar 2006

Sri Lanka: Recent Economic Developments: Highlights of 2005 and Prospects for 2006

Economic Review of Developments in 2005 and Prospects for 2006. Presented before the Budget for 2006.

by Ministry of Finance and Planning Sri Lanka | On 05 Mar 2006

Editorial: Union Budget: Securing its Legacy

Union Budget 2006-07 breaks new ground in many areas, and continues on the path of modernizing the tax system. It also gives deserved recognition to key allocation priorities. But its legacy will be...

by Mukul Asher | On 05 Mar 2006

Union Budget 2006-07: Speech

The bulk of the resources must go to the UPA Government’s eight flagship programmes: Sarva Siksha Abhiyan, Mid-day Meal Scheme, Rajiv Gandhi Drinking Water Mission, Total Sanitation Campaign, National...

by Ministry of Finance | On 28 Feb 2006

Gujarat: State Budget 2006-07 Part A

by Ministry of Finance Government of Gujarat | On 27 Feb 2006

Gujarat: Budget Speech 2006-07

by Ministry of Finance Government of Gujarat | On 27 Feb 2006

Economic Survey 2005-06, Chapter 10

Social Sectors

by Ministry of Finance | On 27 Feb 2006

Economic Survey 2005-06, Chapter 9

Infrastructure

by Ministry of Finance | On 27 Feb 2006

Economic Survey 2005-06, Chapter 8

Agriculture

by Ministry of Finance | On 27 Feb 2006

Economy Survey 2005-06, Chapter 7

Industry

by Ministry of Finance | On 27 Feb 2006

Economic Survey 2005-06, Chapter 6

External Sector

by Ministry of Finance | On 27 Feb 2006

Economic Survey 2005-06, Chapter 5

Prices and Food Management

by Ministry of Finance | On 27 Feb 2006

Economic Survey 2005-06, Chapter 4

Securities Markets

by Ministry of Finance | On 27 Feb 2006

Economic Survey 2005-06, chapter 3

Monetary and Banking Developments

by Ministry of Finance | On 27 Feb 2006

Economic Survey 2005-06,Chapter 2

Public Finance

by Ministry of Finance | On 27 Feb 2006

Economic Survey 2005-06, Chapter 1

General Review

by Ministry of Finance | On 27 Feb 2006

Can Firm Clusters Foster Non-Farm Jobs? Policy Issues for Rural India

The present paper argues that a comprehensive rural industrialisation/cluster development strategy has to be designed within a broader regional development perspective that does not fail to include...

by Keshab Das | On 20 Feb 2006

Will Russia win the ‘Gas War’?

Russia’s Gazprom, the world’s largest gas company, has precipitated serious tensions among the post-Soviet countries by sharply hiking gas prices this winter. Gazprom has been supplying gas to these c...

by R.G. Gidadhubli | On 07 Feb 2006

Social Security Policy in an Era of Globalization and Competition: Challenges for Southeast Asia

There are several themes which emerge from the comparative analysis of social security systems in Southeast Asia. Each country will need to address the limitations of their respective system in relati...

by Mukul Asher | On 06 Feb 2006

Transition to Market and Normative Framework of Fiscal Federalism

This paper deals with the challenges of fiscal federalism in planned economies. Planned economies through their various policy instruments to control the resource allocation introduce several source...

by M.Govinda Rao | On 06 Feb 2006

Macroeconomic and Monetary Developments: Third Quarter Review, 2005-06

The robust performance of the Indian economy continued during the second quarter (July-September) of 2005-06. According to the Central Statistical Organisation (CSO), the economy recorded a real GDP...

by Reserve Bank of India | On 02 Feb 2006

Raising the Tax Ratio by Reining in the 'Tax Breaks': An Agenda for Action

The increase in direct taxes has not been able to offset the decline that resulted from the reduction in customs tariff and decline in excise revenue. The task facing the policymakers now is to explor...

by Amaresh Bagchi | On 01 Feb 2006

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

Agrarian Reform for a Liberal Pattern of Society? Karnataka's Land Policy and the New Dispensation

It is puzzling how much the discourse of development has backed away from the seemingly central question of rural poverty: land. Elaborate rules concerning its distribution, rights, regulation, prot...

by Ronald Herring | On 12 Jan 2006

Political Leadership and Economic Development in Karnataka

How has the political leadership in Karnataka contributed to the state's economic developmet? In order to assess the role that the political leadership has played, the author examines the role of the...

by Gujjarappa Thimmaiah | On 09 Jan 2006

Change in Karnataka over the Last Generation: Villages and the Wider Context

This paper examines changes that have (and have not) occurred – at the village level in Karnataka where most or the state’s residents live, and at higher levels when they impinge upon villages – sin...

by James Manor | On 09 Jan 2006

Political Selection and the Quality of Evidence: Evidence form South India

This paper uses household data from India to examine the economic and social status of village politicians, and how individual and village characteristics a®ect politician behavior while in o±ce. Ed...

by Timothy Besley | On 22 Nov 2005

Banking on Limited Freedom

Successive finance ministers have been calling the public sector banks “to brace for a wave of consolidation” to become global players. However, calling for world-beaters does not produce them; vision...

by Aruni Mukherjee | On 22 Oct 2005

Coir, Plus...:Challenges of Change

A sleepy village has transformed itself by accepting the challenges of diversification to vegetable cultivation in order to cope with the uncertainty of coir cultivation and manufacture.

by M.K. Das | On 22 Oct 2005

Economic Backwardness in History: Deviation from a Eurocentric Theme

This paper aims to demonstrate that the economic behaviour of ordinary men and women in the pre-colonial Deccan was as much ‘capitalistic’ as that of similar agents in contemporary Europe. The differe...

by Neeraj Hatekar | On 21 Oct 2005

Demographics And Global Savings Glut

There is growing evidence that demographic changes have played an important role in driving Asia’s economic transformation by generating high savings rates.In this report, the author argues that high...

by Sanjeev Sanyal | On 01 Sep 2005

A Framework For Scaling Up Poverty Reduction, With Illustration From South Asia

This paper develops a framework for thinking about the policy challenge of scaling up small scale interventions, governmental and non-governmental, that address poverty reduction successfully. The fra...

by S. Devarajan | On 30 Aug 2005

Infant And Under-Five Mortality In India: Levels, Patterns And Correlates

General economic growth (resulting in higher living standards), improved infrastructure, and greater child immunization coverage will be essential in lowering infant and under-five mortality rates in...

by Anil B. Deolikar | On 26 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

Infant And Child Health: NBER Research Summary

Why has the underlyinghealth or morbidity of newborns, as proxied by the rate of low birth weight births, remained so immovable? Even more baffling, why has there been so little change in newborn heal...

by Ted Joyce | On 06 Aug 2005