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Matching keywords : Transfer paradox, Pareto-improving transfers, two-sector overlapping generations model

Model Nagar Raj Bill: Taking Democracy to the Grassroots

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

by Kedar Diwan | On 21 Feb 2021

Know Your Publishing Space: Open Access Publishing

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

by Shubhada Nagarkar | On 05 Feb 2021

ADB’s Comprehensive Response to the COVID-19 Pandemic

The coronavirus disease (COVID-19) pandemic has become a major global crisis that requires country, regional, and global intervention, as well as collaboration to mitigate damage to economies and peop...

by Asian Development Bank | On 25 Jan 2021

Exploring Cash Transfer to Jan Dhan Accounts as COVID-19 Response: Findings from A Rapid Survey (28 April to 12 May 2020) for Assessing the Ground Reality

On March 25 Finance Minister Normal Sitharaman announced that account holders under the Pradhan Mantri Jan Dhan Yojana (PMJDY) (also known as Jan Dhan account, or JD account) would receive cash transf...

by | On 29 May 2020

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

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

by Sebastian Morris | On 09 May 2020

News, Noise and Indian Business Cycle

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

by Ashima Goyal | On 25 Apr 2019

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

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

by Sacchidananda Mukherjee | On 02 Apr 2019

The Political Economy of Gender Budgeting: Empirical Evidence from India

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

by Lekha Chakraborty | On 02 Apr 2019

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

India's Universal Basic Income: Bedeviled by the Details

The idea of a Universal Basic Income (UBI)-—periodic and uncon- ditional cash payments to all citizens—has gained renewed attention amid growing concerns about technological unemployment in advanced e...

by | 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

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

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

by Saon Ray | On 04 Feb 2019

Is There a Demand for Reverse Mortgages in China? Evidence from Two Online Surveys

Reverse mortgages provide an alternative source of retirement funding by allowing older homeowners to borrow against their home. However, a recent pilot program of reserve mortgage products in several...

by Katja Hanewald | On 03 Feb 2019

Enlargement Decisions of Regional Trading Blocs with Asymmetric Members

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

by Sunandan Ghosh | On 31 Jan 2019

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

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

by Nguyet Thi Minh Phi | On 28 Jan 2019

What do we Know about Changing Economic Activity of Firms?

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

by Radhika Pandey | On 23 Jan 2019

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

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

by Ben Shepherd | On 20 Jan 2019

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

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

by Janet G. Stotsky | On 14 Jan 2019

Exporting and Firm Performance: Evidence from India

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

by Apoorva Gupta | On 12 Jan 2019

Value Destruction and Wealth Transfer Under the Insolvency and Bankruptcy Code, 2016

This article applies theoretical concepts from the law and economics literature on insolvency to identify the sources of these two problems in insolvency law. It then applies these theoretical concept...

by Pratik Datta | On 07 Jan 2019

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

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

by Tadateru Hayashi | On 02 Jan 2019

Services Policies and Manufacturing Exports

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

by Ben Shepherd | On 28 Dec 2018

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

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

by Maria Teresa Punzi | On 19 Oct 2018

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

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

by Rosario G. Manasan | On 03 Oct 2018

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

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

by Elaine Q. Borazon | On 20 Sep 2018

Bribes vs. Taxes: Market Structure and Incentives

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

by Francesco Amodio | On 17 Sep 2018

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

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

by LE Quoc Phuong | On 11 Sep 2018

Impure Impact Giving: Theory and Evidence

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

by Daniel M. Hungerman | On 01 Sep 2018

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

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

by Jesus Felipe | On 29 Aug 2018

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

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

by Ranaporn Tantiwechwuttikul | On 13 Aug 2018

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

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

by S. Chandrasekhar | On 25 Jul 2018

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

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

by Rosario G. Manasan | On 03 Jul 2018

Lessons on Providing Cash Transfers to Disaster Victims: A Case Study of UNICEF’s Unconditional Cash Transfer Program for super typhoon Yolanda Victims

This paper describes and assesses the design of the UCT program. It evaluates the UCT based on data collected from three survey rounds from a sample of UCT household beneficiaries, as well as other pr...

by Celia M. Reyes | On 29 Jun 2018

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

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

by Lekha Chakraborty | On 15 Jun 2018

Empirical Analysis of Factors Influencing Price of Solar Modules

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

by Farhad Taghizadeh-Hesary | On 11 Jun 2018

Young Enterprises and Bank Credit Denials

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

by Danilo V. Mascia | On 06 Jun 2018

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

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

by | On 28 May 2018

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

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

by | On 02 May 2018

Innovation and Trade Policy in a Globalized World

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

by Ufuk Akcigit | On 02 May 2018

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

Draft National Forest Policy, 2018

The overall objective and goal of the present policy is to safeguard the ecological and livelihood security of people, of the present and future generations, based on sustainable management of the fo...

by Ministry of Environment, Forests and Climate Chang GOI | On 11 Apr 2018

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

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

by Yongyang Cai | On 04 Apr 2018

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

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

by | On 27 Mar 2018

Least-Developed Countries, Transfer of Technology and the TRIPS Agreement

This paper examines the background of Article 66.2 of the TRIPS Agreement, the nature of this obligation on developed country Members that pertains to the promotion of technology transfer to LDC Membe...

by Jayashree Watal | On 20 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

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

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

by Vidhisha Vyas | On 13 Mar 2018

Sticky Expectations and Consumption Dynamics

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

by Christopher D. Carroll | On 05 Mar 2018

Trade with Correlation

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

by Nelson Lind | On 05 Mar 2018

Kerala's Education System: From Inclusion to Exclusion?

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

by N. Ajith Kumar | On 01 Mar 2018

Kerala’s Development Experience: Its Implications for Finance Commissions

This paper examines critically the awards of the recent Finance Commissions (FCs) in the specific context of the ongoing work of the Thirteenth Finance Commission (13FC).

by K.K. George | On 28 Feb 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

An Alternative Argument of Green Solow Model in Developing Economy Context

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

by | On 27 Feb 2018

State of State Finances 2018

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

by Mandira Kala | On 01 Feb 2018

Effects of Financial Market Imperfections on Indian Firms‘ Exporting Behavior

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

by Hiro Ito | On 21 Dec 2017

The Value of Pharmacogenomic Information

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

by John A. Graves | On 18 Dec 2017

Effective Public Investments to Improve Food Security

This paper focuses on public investments to improve food security can be placed into five broad categories.

by Livia Bizikova | On 18 Dec 2017

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

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

by James Browne | On 15 Dec 2017

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

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

by Wim Naudé | On 15 Dec 2017

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

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

Does Information Empower the Poor? Evidence from Indonesia’s Social Security Card

In 2013, the Government of Indonesia conducted one of the largest information interventions in history, in an attempt to further alleviate poverty and as a complement to the Social Protection Card (KP...

by Achmad Tohari | On 20 Nov 2017

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

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

by | On 16 Nov 2017

Inequality and Expectations in a Model of Technology Adoption and Growth

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

by Surbhi Badhwar | On 08 Nov 2017

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

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

by Shahid Raza | On 31 Oct 2017

Understanding Judicial Delay at the Income Tax Appellate Tribunal in India

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

by Pratik Datta | On 17 Oct 2017

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

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

by Veeramani C | On 06 Oct 2017

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

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

by Amrita Chatterjee | On 25 Sep 2017

The Plutocratic Bias in the Indian CPI

The Laspeyres-type consumer price index (CPI) is traditionally used to measure the changes in cost-of-living over time. Studies indicate this CPI suffers from a plutocratic bias, attaching greater wei...

by Dilip M. Nachane | On 18 Sep 2017

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

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

by Meenakshi Rajeev | On 11 Sep 2017

Preventing chilhood stunting: Why and how?

This Policy Note analyzes the factors contributing to child stunting in the country and finds that mothers' nutrition and health status during pregnancy remain crucial aspects that can influence birth...

by Alejandro Herrin | On 04 Sep 2017

Indian Food and Welfare Schemes: Scope for Digitization Towards Cash Transfers

The paper presents a case for a phased rolling out of direct benefits transfer (DBT) for Food in India. By studying all states and Union Territories on three broad parameters: demographics, performanc...

by Shweta Saini | On 21 Aug 2017

Factors Influencing Indian Manufacturing Firms’ Decision to Hire Contract Labour

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

by Jaivir Singh | On 08 Aug 2017

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

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

by Luc Christiaensen | On 01 Aug 2017

Design of Solar Field and Performance Estimation of Solar Tower Plants

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

by G. Srilakshmi | On 28 Jul 2017

Comparison of Various Business Cycle Models for Pakistan

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

by M. Ali Choudhary | On 26 Jul 2017

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

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

by Sanika Sulochani Ramanayake | On 25 Jul 2017

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

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

by Taniya Ghosh | On 21 Jul 2017

Strengthening City Disaster Risk Financing in Vietnam

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

by Asian Development Bank Institute | On 26 Jun 2017

Timor-Leste: Development Effectiveness Brief

The report narrates that the related technical assistance has focused on infrastructure management, financial and private sector development, preparations for regional economic integration, and region...

by Asian Development Bank Institute | On 23 Jun 2017

Digital Financial Services in the Pacific: Experiences and Regulatory Issues

This report examines the current use of DFS in the Pacific, analyzes the issues that need to be addressed, and provides recommendations for increasing financial inclusion in the region.

by Asian Development Bank Institute | On 14 Jun 2017

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

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

by Parma Chakravartti | On 26 May 2017

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

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

by DILIP NACHANE | On 04 May 2017

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

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

by Taniya Ghosh | On 04 May 2017

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

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

by Nidhi Aggarwal | On 02 May 2017

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

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

by Sanjoy Chakravorty | On 02 May 2017

Can Conditional Transfers Eradicate Child Marriage?

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

by | On 27 Apr 2017

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

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

by | On 01 Mar 2017

Budget in the Time of Demonetisation

Demonetisation is a weapon to stop the black money in the country. But cash is only a small portion of black money. Also the economy has been affected by this step. How will the government tackle this...

by Rakesh Mumbai | On 27 Jan 2017

Local Institutional Structure and Clientelistic Access to Employment: The Case of MGNREGS in Three States of India

This work is a contribution, first, toward measuring and characterizing some features of rural clientelistic institutions and then toward exploring its impact on household access to an employment sc...

by Anindya Bhattacharya | On 30 Dec 2016

Poverty Impacts of Agricultural Trade Reforms

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

by United Nations Environment Programme UNEP | On 24 Nov 2016

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

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

by | On 22 Nov 2016

Asymmetric Impact of Relative Price Shocks in Presence of Trend Inflation

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

by Sartaj Rather | On 16 Nov 2016

Endogenous Leadership in a Federal Transfer Game

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

by Bodhisattva Sengupta | On 14 Nov 2016

Student Responses to the Changing Content of School Meals in India

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

by Farzana Afridi | On 20 Oct 2016

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

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

by Xinxin Wang | On 10 Oct 2016

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

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

by Sutirtha Roy | On 10 Oct 2016

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

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

by Shovan Ray | On 30 Sep 2016

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

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

by Sunder Ramaswamy | On 29 Sep 2016

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

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

by | On 19 Sep 2016

For a Free and Fair Sporting Sector in India

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

by Rahul V. Kumar | On 09 Sep 2016

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

Does the ICDS Improve the Quantity and Quality of Children’s Diets? Some Evidence from Rural Bihar

This study analyses the impact of supplementary nutrition provided through ICDS on intakes of calories, proteins, vitamin A and iron among young children in Bihar. The analysis is based on 24-hour d...

by | On 19 Aug 2016

Optimal Domestic (And External) Sovereign Default

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

by Pablo D'Erasmo | On 17 Aug 2016

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

China and Socialist Countries: Role Change and Role Continuity

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

by | On 05 Aug 2016

The Global Crisis and the Impact on Remittances to Developing Asia

Remittances to Asia plunged during the 1997 Asian financial crisis, but the drop was temporary as the flows were increasing once again after just 1 year. The current crisis, however, is fundamentally...

by | On 29 Jul 2016

Heterogeneity and Unemployment Dynamics

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

by Hie Ahn | On 26 Jul 2016

Rationalising Fertiliser Subsidy in India: Key Issues and Policy Options

Given the importance of agriculture in any sizable country to feed its people, most countries have subsidised agriculture in the past. Fertiliser subsidy in India has succeeded in achieving its object...

by Ashok Gulati | On 15 Jul 2016

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

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

by Siddhartha Chattopadhyay | On 13 Jul 2016

Improving Taxation Environment: Attracting Foreign Direct Investment

This paper broadly deals with the concerns of the multinationals in the area of taxation environment. Section two of this paper deals with the genesis of the recent crisis in this area and issues invo...

by R Singh | On 07 Jul 2016

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

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

by | On 07 Jul 2016

Cyclicality of Social Sector Expenditures: Evidence from Indian States

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

by | On 30 Jun 2016

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

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

by Arnab K. Basu | On 22 Jun 2016

Meta-Analysis for Online Retail Performance

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

by Dheeraj Sharma | On 22 Jun 2016

The Value of Private Schools: Evidence from Pakistan

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

by | On 09 Jun 2016

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

The Family Peer Effect on Mothers’ Labour Supply

The documented historical rise in female labour force participation has flattened in recent decades, but the proportion of mothers working full-time has steadily increased. We provide the first empiri...

by | On 03 Jun 2016

The Mixture as Before? Student Responses to the Changing Content of School Meals in India

We study how attendance rates of primary school children respond to cost neutral changes in the design of India’s school meal program. Municipal schools in the capital region of Delhi switched from pa...

by | On 02 Jun 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

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

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

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

by Pramod K. Nayar | On 02 May 2016

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

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

by Jyotsna Jha | On 18 Apr 2016

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

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

by Wiji Arulampalam | On 08 Apr 2016

FDI, Technology Transfer and Spillover: A Case Study of India

As developing countries increasingly open their economies to foreign direct investment (FDI) one of their principal objective has been to achieve technology transfer from foreign firms to host country...

by | On 22 Mar 2016

Impact of Property Rights Reform to Support China’s Rural-Urban Integration

As part of a national experiment, in 2008 Chengdu prefecture implemented ambitious property rights reforms, including complete registration of all land together with measures to ease transferability a...

by Songqing Jin | On 20 Mar 2016

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

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

by | On 18 Mar 2016

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

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

by Anchal Arora | On 16 Mar 2016

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

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

by Alokesh Barua | On 16 Mar 2016

Optimizing Public Expenditure Allocations between Secondary and Higher Education

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

by Vijay P. Ojha | On 16 Mar 2016

The Enigma of the ‘Indian Model’ of Development

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

by Amit S. Ray | On 16 Mar 2016

Imperfect Certification under Cournot Duopoly

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

by Charu Grover | On 15 Mar 2016

Asia SME Finance Monitor 2014

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

by Asian Development Bank Institute | On 15 Mar 2016

Global Spillovers and Monetary Policy Transmission in India

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

by Michael Debabrata Patra | On 14 Mar 2016

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

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

by Debanita Chatterjee | On 14 Mar 2016

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

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

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

by D K Srivastava | On 13 Mar 2016

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

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

by Sreejata Banerjee | On 13 Mar 2016

Can the Learnability Criterion Ensure Determinacy in New Keynesian Models?

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

by Patrick Minford | On 13 Mar 2016

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

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

by Arpita Ghose | On 10 Mar 2016

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

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

by Rizwana Siddiqui | On 10 Mar 2016

Critical Review of Literature on Computable General Equilibrium Models

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

by Zafar Iqbal | On 10 Mar 2016

Pension System Reforms for Pakistan: Current Situation and Future Prospects

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

by Umaima Arif | On 10 Mar 2016

Spatial Differences and Socio-economic Determinants of Health Poverty

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

by Nasir Iqbal | On 10 Mar 2016

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

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

by Liam Wren-Lewis | On 10 Mar 2016

International Technology Transfer and Domestic Innovation: Evidence from the High-Speed Rail Sector in China

How does the transfer of advanced technology spur innovation in developing countries? This paper exploits the large-scale introduction of high-speed railway (HSR) technology into China in 2004 as a na...

by Yatang Lin | On 09 Mar 2016

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

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

by Caroline J. Charpentier | On 09 Mar 2016

India Budget 2016: Old Economics, New Politics

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

by Amitendu Palit | On 04 Mar 2016

Cancún Agreement: Implications for Southeast Asia

The recent 2010 UN climate change conference in Cancún, Mexico, and the resulting Cancun Agreement, has shown that there is an increasing recognition of the need to protect the poor and vulnerable in...

by | On 03 Mar 2016

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

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

by Gopalasamy Reuben Clements | On 03 Mar 2016

Political Economy of Natural Resource Revenue Sharing in Indonesia

In this paper, we examine the asymmetric approaches to sharing natural resource revenues in Indonesia. We examine in Section 2, some of the potential theoretical arguments underlying...

by Cut Agustina | On 01 Mar 2016

Financing Social Policy in the Presence of Informality

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

by Ehtisham Ahmad | On 01 Mar 2016

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

Railroads of the Raj: Estimating the Impact of Transportation Infrastructure

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

by Dave Donaldson | On 29 Feb 2016

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

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

by K.C. Fung | On 29 Feb 2016

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

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

by Hyun H. Son | On 29 Feb 2016

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

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

by Madalasa Venkataraman | On 27 Feb 2016

A Model of Gender Inequality and Economic Growth

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

by Jinyoung Kim | On 27 Feb 2016

Indirect Inference for Dynamic Panel Models

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

by Christian Gourieroux | On 25 Feb 2016

Land Reform and Changes in Land Ownership Concentration: Evidence from Rice-Growing Villages

This paper examines the effect of land reform and land transfer actions of farmer beneficiaries on land ownership concentration. A case study of two rice-growing villages was used to track down owners...

by Marife M. Ballesteros | On 25 Feb 2016

CO2 Emissions Reduction Strategies and Economic Development of India

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

by N. Murthy | On 25 Feb 2016

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

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

by Ramgopal Agarwala | On 24 Feb 2016

Grid – Connect Electricity Supply in India

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

by World Bank | On 24 Feb 2016

Global Analysis of an Expectations Augmented Evolutionary Dynamics

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

by Massimiliano Landi | On 24 Feb 2016

Asymmetry In Government Bond Returns

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

by Ippei Fuijwara | On 21 Feb 2016

A Dynamic Stochastic General Equilibrium Model for India

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

by Parantap Basu | On 21 Feb 2016

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

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

by Govinda Timilsina | On 21 Feb 2016

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

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

by Naohiko Yahaba | On 21 Feb 2016

Labor Supply Responses to the 1990s Japanese Tax Reforms

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

by Ken Yamada | On 19 Feb 2016

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

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

by Michael Alba | On 19 Feb 2016

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

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

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

by Richard Washington | On 18 Feb 2016

Perfect Competition

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

by M. Ali Khan | On 17 Feb 2016

State and Region Public Finances in Myanmar

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

by The Asia Foundation | On 16 Feb 2016

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

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

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

by Rizwana Siddiqui | On 14 Feb 2016

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

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

by Attiya Y. Javid | On 14 Feb 2016

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

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

by Attiya Y. Javid | On 14 Feb 2016

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

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

by Rizwana Siddiqui | On 14 Feb 2016

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

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

by Sonalde Desai | On 12 Feb 2016

Can Conditional Cash Transfers Improve Education and Nutrition Outcomes for Poor Children in Bangladesh?

This paper uses panel data from a pilot project and evaluates the impact of conditional cash transfers on consumption, education, and nutrition outcomes among poor rural families in Bangladesh. Given...

by Céline Ferré | On 12 Feb 2016

Youth and Corruption

Integrity, like corruption, is learned. Unfortunately, in many countries corruption has been tolerated for generations. Young people have the potential to transform this present reality and end corrup...

by Transparency International TI | On 12 Feb 2016

The Global Energy Architecture Performance Index Report 2014

This report looks at what a new energy architecture might look like and how best-in-class enabling environments have already helped some high-ranking countries begin their transitions to more efficien...

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

Collaborating for Healthy Living: From Bottlenecks to Solutions

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

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

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

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

by Uttara Balakrishnan | On 07 Feb 2016

Higher Education Expansion and Labor Market Outcomes for Young College Graduates

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

by Dongshu Ou | On 07 Feb 2016

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

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

by Joyce Chen | On 07 Feb 2016

Algebraic Representation of Social Capital Matrix

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

by Tariq Shah | On 06 Feb 2016

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

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

by Wasim Shahid Malik | On 06 Feb 2016

A Dynamic Macroeconometric Model of Pakistan’s Economy

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

by Muhammad Arshad Khan | On 06 Feb 2016

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

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

by Sadia Mariam Malik | On 06 Feb 2016

The Determinants of Food Prices: A Case Study of Pakistan

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

by Henna Ahsan | On 06 Feb 2016

Rent Seeking Opportunities and Economic Growth in Transitional Economies

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

by Nasir Iqbal | On 03 Feb 2016

Foreign Aid and the Fiscal Behaviour of Government of Pakistan

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

by Rabia Butt | On 03 Feb 2016

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

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

by Yasmeen Akhtar | On 03 Feb 2016

Remittances and Economic Growth: The Role of Financial Development

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

by Unbreen Qayyum | On 03 Feb 2016

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

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

by Haider Ali | On 03 Feb 2016

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

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

by Abdul Qayyum | On 03 Feb 2016

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

Remittances: An Unrecognised Support Mechanism During Humanitarian Crises

Remittances – money sent home by migrants – can help families survive conflicts or natural disasters. However, humanitarian agencies often fail to consider remittances when planning interventions. Thi...

by Paul Harvey | On 01 Feb 2016

Climate Change and Technology Transfer: The Need for a Regional Perspective

The international negotiations on climate change actions, including mechanisms for the efficient and equitable transfer of technologies for mitigation and adaptation, are currently being deliberated u...

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

Technology Transfer and Climate Change: Beyond TRIPS

The introduction and diffusion of new technologies is crucial in meeting the challenges of climate change and fostering a rapid transition to a low-carbon economy. Such technologies are expected to in...

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

Sri Lanka Demographic Transition Facing the Challenges of an Aging Population with Few Resources

This report discusses some of the economic implications of demographic transition in Sri Lanka, focusing n employment and productivity related issues on one side; and performance of cash transfer prog...

by World Bank [WB] | On 31 Jan 2016

Climate Change, Technology Transfer and Intellectual Property Rights

In this discussion paper, the question of technology transfer, intellectual property rights is addressed in the context of climate change. Technology development and transfer has been identified as a...

by K.Ravi Srinivas | On 30 Jan 2016

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

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

by Rajesh Mehta | On 30 Jan 2016

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

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

by Verda Salman | On 30 Jan 2016

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

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

by Sumra Abbas | On 30 Jan 2016

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

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

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

by Vladimir Smakhtin | On 28 Jan 2016

Economic Growth, Labour Markets and Gender in Japan

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

by Uma Rani | On 28 Jan 2016

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

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

by R Parthasarathy | On 28 Jan 2016

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

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

by | On 27 Jan 2016

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

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

by Prabodh Devkota | On 27 Jan 2016

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

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

by Kimm Gnangnon | On 26 Jan 2016

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

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

by | On 25 Jan 2016

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

Five Fingers or One Hand? The BRICS in Development Cooperation

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

by Institute of Development Studies IDS | On 23 Jan 2016

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

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

by Food and Agricultural Organization [FAO] | On 20 Jan 2016

Identifying Predictors of Childhood Anaemia in North-East India

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

by S Dey | On 20 Jan 2016

An Evaluation Of Mid -Day Meal Scheme

With the twin objectives of improving health and education of the poor children, India has embarked upon an ambitious scheme of providing mid day meals (MDM) in the government and government-assisted...

by Satish Deodhar | 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

Evolution of Capital Structure in East Asia: Corporate Inertia or Endeavours?

The present paper examines the capital structure adjustment dynamics of listed non-financial corporations in seven East Asian countries during 1994-2002. Compared to firms in the least affected countr...

by Sarmistha Pal | On 19 Jan 2016

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

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

by | On 15 Jan 2016

Transfer Behaviour in Migrant Sending Communities

We study how international migration changes the private transfers made between households in the migrant sending communities of developing countries. A priori, it is indeterminate whether migration a...

by | On 15 Jan 2016

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

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

by | On 15 Jan 2016

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

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

by | On 11 Jan 2016

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

Temporary and Permanent Migrant Selection

The migrant selection literature concentrates primarily on spatial patterns. We integrate two workhorses of the labor literature, the Roy and search models, to illustrate the implications of migration...

by | On 07 Jan 2016

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

In this paper, patterns of selection into temporary and permanent migration are described. The simultaneity of migration, education, and other investment decisions creates a stark trade-off between...

by Joyce J Chen | On 06 Jan 2016

Promoting Innovations in Indian Universities: A Theoretical Model of University-Industry Interface

This paper, we intend to understand university-industry interactions in India from a game theoretic perspective to capture issues of quality, objectives and incentives. Industry’s low appetite for uni...

by Sabyasachi Saha | On 02 Jan 2016

Social Protection Brief: Social Security Reform and Economic Modeling Capacity Building in Indonesia

While official poverty in Indonesia is relatively low at 12%, an additional 27% of the population live just above the poverty line and small shocks can drive them back into poverty. Poor and vulnerabl...

by Kefei You | On 01 Jan 2016

Foreign Trade Pattern of Nepal: Gravity Model Approach

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

by | On 01 Jan 2016

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

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

by | On 01 Jan 2016

Carrot or Stick? Redistributive Transfers Versus Policing in Contexts of Civil Unrest

Recurrent episodes of civil unrest significantly reduce the potential for economic growth and poverty reduction. Yet the economics literature offers little understanding of what triggers civil unrest...

by Patricia Justino | On 30 Dec 2015

Service Sector Productivity and Economic Growth in Asia

This paper explores the impacts of more rapid growth in labor productivity in the service sector in Asia based on an empirical general equilibrium model. The model allows for input-output linkages and...

by Jong-Wha Lee | On 30 Dec 2015

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

Causes and Remedies for Japan’s Long-Lasting Recession: Lessons for the People’s Republic of China

This paper will address why the Japanese economy has been trapped in a prolonged slowdown and will provide some remedies for revitalizing the economy.

by Farhad Taghizadeh-Hesary | On 29 Dec 2015

Southeast Asia and the Economics of Global Climate Stabilization

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

by Jindra Samson | On 29 Dec 2015

Response of Stock Markets to Monetary Policy: An Asian Stock Market Perspective

We estimate the response of Asian stock market prices to exogenous monetary policy shocks using a vector error correction model. In our paper, monetary policy transmits to stock market price through t...

by Farzana Sehrin | On 29 Dec 2015

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

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

by | On 28 Dec 2015

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

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

by Vinoj Abraham | On 26 Dec 2015

Housing Policies for Asia: A Theoretical Analysis by Use of a Demand and Supply Model

The main objective of this paper is to give an overview of the most commonly used housing policies and to illustrate their economic impact. To facilitate the analysis, we first introduce a simple two-...

by Naoyuki Yoshino | On 24 Dec 2015

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

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

by Naoyuki Yoshino | On 23 Dec 2015

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

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

by Amit Chandra | On 21 Dec 2015

Doing Business Differently with Subnationals: Recommendations for Global Health Donors in Highly Decentralized Countries

This note builds on lessons learned from the Center for Global Development’s work on intergovernmental fiscal transfers for health and lays out three strategies for donors that fund organizations and...

by Amanda Glassman | On 21 Dec 2015

Missed Opportunities in Global Health: Identifying New Strategies to Improve Mental Health in LMICs

Countries like South Africa and India are putting new mental health policies in place. There is now a clear agenda of “what to deliver” to make this deplorable reality better, and indeed a nascent adv...

by Victoria Menil | On 19 Dec 2015

Basic Entrepreneurship: A Big New Idea in Development

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

by Oriana Bandiera | On 18 Dec 2015

Can basic entrepreneurship transform the economic lives of the poor?

The world’s poorest people lack capital and skills and toil for others in occupations that others shun. Using a large-scale and long-term randomized control trial in Bangladesh this paper demonstrates...

by Munshi Sulaiman | On 18 Dec 2015

Gender Equality and Sustainable Development

The immense social, economic and environmental consequences of climate change and loss of essential ecosystems are becoming clear. Their effects are already being felt in floods, droughts, and devasta...

by | On 07 Dec 2015

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

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

by | On 04 Dec 2015

Provincial Globalisation: Transnational Flows and Regional Development

This paper reviews the migration and development debate and the current state of knowledge about flows of migrant resources to India, pointing to gaps and shortcomings in the literature. It argues tha...

by | On 13 Nov 2015

Performance of Targeted Public Distribution System in Kerala

Targeted Public Distribution System was introduced in the country following the failure of the Universal PDS to serve below the poverty line and poorest of the poor households.It is being implemente...

by T Jayan | On 04 Nov 2015

Evaluating the Targeting Effectiveness of Social Transfers: A Literature Review

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

by | On 29 Oct 2015

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

Social Protection for Children: Key Policy Trends and Statistics

This policy paper: (i) provides a global overview of the organization of child and family benefits in 183 countries; (ii) presents the negative impacts of fiscal consolidation and adjustment measures...

by | On 15 Oct 2015

Policies for a Better-Fed World

A wide range of interventions, from subsidized grains all the way to conditions on nutrition in conditional cash transfers, have either been tried or put in place in different countries in order to fi...

by Abhijit Banerjee | On 12 Oct 2015

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

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

by | On 08 Oct 2015

Role and Effectiveness of Public Distribution System in Assuring Food Security in India: An Appraisal

This paper tries to identify food insecure population of the country, analyse the availability, storage, procurement of food grain , assess the effectiveness of PDS, identify the discrepancies in the...

by Ishita Aditya Ray | On 28 Sep 2015

Surviving in Bihar

Can election change the condition of Bihar? At least improving the transport facilities....

by T.N. Ninan | On 26 Sep 2015

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

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

by V. Saravanakumar | On 25 Sep 2015

Health Shocks and Inter-Generational Transmission of Inequality

This study explores the inter-generational effects of health shocks using longitudinal data of Young Lives project conducted in the southern state of India, Andhra Pradesh for two cohorts of children...

by Sowmya Dhanaraj | On 25 Sep 2015

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

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

by | On 24 Sep 2015

Designing and Evaluating Social Safety Nets: Theory, Evidence, and Policy Conclusions

This paper reviews the literature on the performance of commonly found social safety net programs in developing countries. The evidence suggests that universal food subsidies have very limited potenti...

by | On 18 Sep 2015

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

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

by Shikha Jha | On 18 Sep 2015

Losing Our Minds? New Research Directions on Skilled Migration and Development

This paper critiques the last decade of research on the effects of high-skill emigration from developing countries, and proposes six new directions for fruitful research. The study singles out a cor...

by Michael Clemens | On 16 Sep 2015

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

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

by Fan Li | On 09 Sep 2015

Interrelation Between Growth and Inequality

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

by Jong Woo Kang | On 07 Sep 2015

Income Inequality, Poverty and Labor Migration in Thailand

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

by Somchai Jitsuchon | On 03 Sep 2015

Addressing Urban Poverty: Relevance of Conditional Cash Transfers

This paper from a two-day conference in New Delhi explores the relevance of CCTs in addressing entrenched issues of urban poverty even as across Asia there remain few social protection measures that p...

by United Nations Development Programme UNDP | On 31 Aug 2015

Reforming Internet Governance and the Role of China

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

by | On 25 Aug 2015

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

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

by Madeeha Gohar Qureshi | On 18 Aug 2015

Criminalizing Cheque Bounce Cases – An Effective Remedy?

A review is done to understand if criminalising cheque bounce cases has been an effective remedy. The penalties imposed in other countries against cheque bounce offenders is studied and an analysis of...

by Centre for Civil Society CCS | On 14 Aug 2015

Moving Beyond ‘Supply And Demand’ Catchphrases: Assessing the Uses and Limitations of Demand-Based Approaches in Anti-Trafficking

The need to reduce ‘demand’ for trafficked persons is widely mentioned in the anti-trafficking sector but few have looked at ‘demand’ critically or substantively. Some ‘demand’-based approaches have b...

by Global Alliance Against Trafficking in Women (GAATW) | On 10 Aug 2015

Food Inflation in India: Causes and Consequences

Average food inflation in India during the period 2006-2013 was one of the highest among emerging market economies, and nearly double the inflation witnessed in India during the previous decade. In...

by Rudrani Bhattacharya | On 20 Jul 2015

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

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

by Saman Nazir | On 15 Jul 2015

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

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

by | On 09 Jul 2015

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

Two-sided Altruism and Signaling

This paper shows that when donors and recipients care about each other two-sided altruism the presence of asymmetry of information about the donor's income leads very naturally to a signaling game. A...

by Garance Genicot | On 25 Jun 2015

Inflation Targeting India: Select Issues

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

by Charan Singh | On 18 Jun 2015

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

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

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

Performance Evaluation of Targeted Public Distribution System (TPDS)

The study finds that about 58 per cent of the subsidized food grains issued from the Central Pool do not reach the BPL families because of identification errors, nontransparent operation and unethical...

by Planning Commission | On 08 May 2015

The National Food Security Act (NFSA) 2013 -Challenges, Buffer Stocking and the Way

The National Food Security Act (NFSA) 2013 combines and expands the scope of some existing food-based welfare schemes. It will be distributing raw rations, meal(s) and/or cash. Approximately 81.35 cro...

by Shweta Saini | On 20 Apr 2015

The National Food Security Act (NFSA) 2013 - Challenges, Buffer Stocking and the Way Forward

The paper empirically maps the annual distribution commitment (61.43 MMTs) of the government with the procurement pattern of rice and wheat, for each quarter, to estimate the quarterly operational sto...

by Shweta Saini | On 01 Apr 2015

Stability and Transitions in Emerging Market Policy Rules

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

by Ashima Goyal | On 11 Mar 2015

The Fiscal and Welfare Impacts of Reforming Fuel Subsidies in India

This paper evaluates the fiscal and welfare implications of fuel subsidy reform in India. Fuel subsidies are found to be badly targeted, with the richest ten percent of households receiving seven time...

by | On 11 Mar 2015

Leakages from Public Distribution System (PDS) and the Way Forward

The public distribution system (PDS) has been one of the main policy instruments of the Government of India (GoI) to provide food security to the people of this country, especially the vulnerable ones...

by Ashok Gulati | On 17 Feb 2015

Special Financial Incentive Schemes for the Girl Child in India: A Review

In order to improve the survival and welfare of girls and to reverse the distorted sex ratio at birth, both the national and state governments have launched special financial incentive schemes for gir...

by T.V Sekher | On 23 Jan 2015

Cash Transfers and Temptation Goods

This paper reviews 19 studies with quantitative evidence on the impact of cash transfers on temptation goods. Studies find either no significant impact or a significant negative impact of transfers on...

by David K. Evans | On 22 Jan 2015

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

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

by Anandi Subramanian | On 16 Jan 2015

Trade Liberalization, Poverty and Food Security in India

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

by | On 29 Dec 2014

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

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

by Runu Bhatka | On 19 Sep 2014

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

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

by Madeeha Gohar Qureshi | On 04 Sep 2014

India's Public Distribution System: A National and International Perspective

This study examines the impact of India's Public Distribution System (PDS) on poor households in terms of income gains, reductions in the incidence and severity of poverty, as well as nutritional impr...

by R. Radhakrishna | On 07 Jul 2014

Police and the Rule of Law: Recent Developments in India

This paper examines some of the recent pronouncements of the Supreme Court and other High Courts and tries to analyse them vis-à-vis the understanding of the rule of law in India. [IIMA W.P. No.2014-0...

by Anurag K Agarwal | On 11 Jun 2014

Agricultural Research and Productivity Growth in India

This research report, which examines the effects of research and development on productivity in India, finds that India is still benefiting from these investments. The report shows that the public ben...

by Robert E Evenson | On 29 Apr 2014

Environmental Goods and Services: Issues for Negotiations for India

Liberalisation of trade in environmental goods and services (EGS) has become a key issue at the complex and rapidly developing trade and environment interface. The World Trade Organisation (WTO) at it...

by Vijaya Katti | On 12 Mar 2014

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

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

by David Levy | On 19 Feb 2014

How Do Intrahousehold Dynamics Change When Assets are Transferred to Women? Evidence from BRAC’s Challenging the Frontiers of Poverty Reduction—Targeting the Ultra Poor Program in Bangladesh

BRAC’s Challenging the Frontiers of Poverty Reduction—Targeting the Ultra Poor (CFPR-TUP) program in Bangladesh are studied, which targets asset transfer (primarily livestock) and training to rural wo...

by Narayan Das | On 05 Feb 2014

National Food Security Bill Challenges and Options

Despite ensuring ample availability of food, existence of food insecurity at the micro-level in the country has remained a formidable challenge for India. The recently introduced National Food Securit...

by Ashok Gulati | On 23 Jan 2014

Safety Nets and Food Programs in Asia: A Comparative Perspective

Many countries adopted safety net programs to deal with the food crisis of 2008. However, such programs are often beset with targeting errors, inefficiencies, and fraud. Despite this, there is no sys...

by Shikha Jha | On 20 Jan 2014

Child Work and Schooling in Rural North India: What do Time Use Data Say about Tradeoffs and Drivers of Human Capital Investment?

This study examines time use data for 1244 children in the age-group 6-12 years in 274 villages in eight states in rural north India to understand the tradeoffs between time spent in school, time sp...

by Sudha Narayanan | On 02 Dec 2013

Remoteness and Unbalanced Growth: Understanding Divergence Across Indian Districts

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

by Samarjit Das | On 27 Nov 2013

Human Influence on Climate Change

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

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

Cycling to School: Increasing Secondary School Enrollment for Girls in India

An innovative program in the Indian state of Bihar was introduced that aimed to reduce the gender gap in secondary school enrollment by providing girls who continued to secondary school with a bicycle...

by Karthik Muralidharan | On 19 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

Preliminary Evidence on Internal Migration, Remittances, and Teen Schooling in India

Migration can serve as an outlet for employment, higher earnings, and reduced income risk for households in developing countries. The 2004–2005 Human Development Profile of India survey is used to exa...

by Valerie Mueller | On 06 Sep 2013

Food Prices, Wages, and Welfare in Rural India

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

by Hanan G Jacoby | On 22 Aug 2013

Federal Budget in Brief 2013-14: Pakistan

Budget brief Pakistan 2013-14. [Government of Pakistan]. URL:[http://www.finance.gov.pk/budget/Budget_in_Brief_2013_14.pdf].

by Minister of Finance Pakistan | On 14 Jun 2013

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

Address by the President of India, Shri Pranab Mukherjee to Parliament

Reviving economic growth is the priority of the government. [http://presidentofindia.nic.in/sp210213.html].

by Pranab Mukherjee | On 22 Feb 2013

Identification for Development: The Biometrics Revolution

This paper surveys 160 cases where biometric identification has been used for economic, political, and social purposes in developing countries. About half of these cases have been supported by donors...

by Alan Gelb | On 15 Feb 2013

Juvenile Justice in Different Countries: Age of Criminal Responsibility and Treatment of Juvenile Offenders

In the world, there are three models that inspire administration of juvenile justice: • The Welfare Model • The Justice Model or Control model - Retributive • The Restorative Model The age of c...

by HAQ Centre for Child Rights HAQCRC | On 06 Feb 2013

Kerala-The Land of Development Paradoxes

An attempt has been made to understand the paradoxes of Kerala's development like the state's per capita consumer expenditure is more than the per capita state domestic product. But the nutritional i...

by K.K. George | On 18 Dec 2012

WEATHER SHOCKS, SPOT AND FUTURES AGRICULTURAL COMMODITY PRICES: AN ANALYSIS FOR INDIA

We analyze the impact of climate shocks on price formation in spot and futures market for food in India where until the recent introduction of commodity futures markets in 2005, the transmission of th...

by N R Bhanumurthy | On 05 Nov 2012

Property Rights and Intra-Household Bargaining

This paper examines whether an individual-level transfer of property rights increases the individual's bargaining power within the household. The question is analyzed in the context of a housing ref...

by Shing-Yi Wang | On 18 Sep 2012

The Heterogeneous Welfare Impacts of Participation in Contract Farming Schemes: Evidence from Southern India

The heterogeneity of welfare impacts of contract farming participation is demonstrated by estimating an endogenous switching model using survey data for 474 farmers in four commodity sectors, gherkin...

by Sudha Narayanan | On 06 Sep 2012

Integrating Mental Health and Development: A Case Study of the BasicNeeds Model in Nepal

The BasicNeeds model of Mental Health and Development (MHD), Nepal emphasizes user empowerment, community development, strengthening of health systems, and policy influencing. The Nepal program was...

by Shoba Raja | On 24 Aug 2012

Determinants of On-the-job Search in India: Macro and Micro Evidences

The main aim of this paper is to examine two core features of on-the-job search in India. First, based on National Sample Survey (NSS) 66th round unit level data, we identify the factors influencing t...

by Krishna M | On 27 Jul 2012

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

Has India Emerged? Business Cycle Stylized Facts from a Transitioning Economy

A comprehense documentation - using both annual and quarterly data - an exhaustive set of stylized facts for the Indian business cycle in the pre and post reform period, the data is used to report...

by Chetan Ghate | On 19 Jun 2012

Are Drone Strikes Effective in Afghanistan and Pakistan? On the Dynamics of Violence between the United States and the Taliban

Strikes by unmanned aerial vehicles, or drones, have been the primary weapon used by the United States to combat the Taliban and Al-Qaeda in Afghanistan and Pakistan. This paper examines the dynamic...

by David A. Jaeger | On 01 Jun 2012

Adolescent Fertility in Low- and Middle-Income Countries: Effects and Solutions

Adolescent fertility in low- and middle-income countries presents a severe impediment to development and can lead to school dropout, lost productivity, and the intergenerational transmission of pover...

by Kate McQueston | On 15 May 2012

An Assessment of Inflation Modelling in India

This study analyses India’s inflation using the Phillips curve theory. To estimate an open-economy Phillips curve, we need three variables: (1) inflation (2) the output gap and (3) the real effective...

by Karan Singh | On 26 Apr 2012

Rural Labor and Rural Nonagricultural Activities in the Philippines

The study examines the different aspects of labor in the rural household economy. It identifies the factors that significantly determine the rural households' labor allocation decisions. Moreover, i...

by Maria Teresa C Sanchez | On 18 Apr 2012

Do Changes in Distance-to-default Anticipate Changes in the Credit Rating?

Distance-to-default (DtD) from the Merton model has been used in the credit risk literature, most successfully as an input into reduced form models for forecasting default. [WP-2012-010]. URL:[http:...

by Nidhi Aggarwal | On 10 Apr 2012

Monetary Transmission in Pakistan: The Balance Sheet Channel

Using data of non-financial listed firms over a period of 1999-2010, this paper investigates the effectiveness of balance sheet channel in monetary transmission mechanism in Pakistan. By classifying f...

by Safia Shabbir | On 09 Apr 2012

Patterns of Labour Market Insecurity in Rural India: A Multidimensional and Multivariate Analysis

Labour market insecurity, recognised as pervasive in rural India, is multi-faceted. This study attempts to fill a gap in the research on key dimensions of labour market insecurity by using the Natio...

by Padmini Desikachar | On 02 Apr 2012

Price and Income Elasticity of Imports: The Case of Pakistan

The paper estimates the elasticity of Imports with respect to relative prices and income for Pakistan from 1971 to 2009. What distinguishes this paper from the earlier studies is the use of robust est...

by Khurram Ashfaq Baluch | On 30 Mar 2012

Health Care Financing Reforms in India

The transfer system in India is discussed and analyses expenditure needs of States to provide essential health infrastructure. It also analyzes the fiscal space for health care in terms of stimulati...

by M Govinda Rao | On 19 Mar 2012

Oil Price Shock, Pass-through Policy and its Impact on India

This paper analyses the impact of transmission of international oil prices and domestic oil price pass-through policy on major macroeconomic variables in India with the help of a macroeconomic policy...

by N R Bhanumurthy | On 16 Mar 2012

Parents’ Economic Support of Young-Adult Children: Do Socioeconomic Circumstances Matter?

This paper assesses how the economic support provided by parents to young adults as they complete their education and enter the labor market is related to the family’s socioeconomic circumstances. W...

by Deborah Cobb clark | On 07 Mar 2012

On the Road: Access to Transportation Infrastructure and Economic Growth in China

This paper estimates the effect of access to transportation networks on regional economic outcomes in China over a twenty-period of rapid income growth. It addresses the problem of the endogenous pl...

by Abhijit Banerjee | On 02 Mar 2012

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

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

On the Blowout Preventer Testing Problem: An Approach to Checking for Leakage in BOP Networks

Blowout Preventers (BOPs) and choke manifolds are key pieces of drilling rig equipment to prevent the uncontrolled release of potentially hazardous formation fluids to surface. The blowout prevent...

by Diptesh Ghosh | On 19 Jan 2012

Contested Relationships: Women’s Economic and Social Empowerment, Insights from the Transfer of Material Assets in Bangladesh

This article examines the relationship between women’s economic and social empowerment in the context of extreme poverty. It is based on the findings of primary fieldwork on the char islands of nort...

by Lucy Scott | On 11 Jan 2012

Foreign Direct Investment and Economic Growth in Pakistan: A Sectoral Analysis

This paper establishes an empirical relationship between industry -specific foreign direct investment (FDI) and output under the framework of Granger causality and panel cointegration for Pakistan o...

by Muhammad Arshad Khan | On 03 Jan 2012

A Conceptual Overview of Structural Equation Modeling

A synthesized version of Structural Equation Modelling (SEM) and its possible applications in Management problems is presented. The main contribution of the paper is its simple description of a some...

by Tathagata Banerjee | On 27 Dec 2011

Consumption Taxes: Their Ramifications for Income Distribution

The distribution effects or incidence of consumption taxes such as the Value Added Tax (VAT), Goods and Services Tax (GST) remains a contentious issue. Three aspects have to be distinguished. First is...

by Parthasarathi Shome | On 13 Dec 2011

'You Want to Win, Don't You?' Need for a Psychological Model of PED Use in Developing Countries

The social, cultural, economic and demographic context of a country need to be integrated with a psychological paradigm for examining PED use especially in developing countries i.e. The models ...

by Kaveri Prakash | On 01 Dec 2011

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

How Prudent are Rural Households in Developing Transition Economies: Evidence from Zhejiang, China

Rural households in developing economies frequently use precautionary saving to cope with income risk. Such prudent behavior can be strengthened in transition economies where more risks are typically...

by Ling Jin | On 23 Nov 2011

Do Auction Bids Betray Expectations-Based Reference Dependent Preferences? A Test, Experimental Evidence, and Estimates of Loss Aversion

A novel experimental auction design that exploits an exogenous variation in the probability of winning to test for the presence of expectations-based reference dependent preferences is provided. [Wo...

by Abhijit Banerji | On 22 Nov 2011

Brand India: No Equity for Children

India has embarked upon an economic model driven by the free market incorporating processes of liberalisation, privatisation and globalisation. Our children today live, in what some describe as “Brand...

by HAQ Centre for Child Rights HAQCRC | On 10 Nov 2011

The Determinants of Export Performance of China's Township-Village Enterprises

The rapid export growth of China's township-village enterprises (TVEs) has not been well understood and explained. Using a simple analytical model and exploring a unique dataset on China's TVEs the...

by Changqi Wu | On 08 Nov 2011

Dial “A” for Agriculture: A Review of Information and Communication Technologies for Agricultural Extension in Developing Countries

This article outlines the potential mechanisms through which ICT could facilitate agricultural adoption and the provision of extension services in developing countries. It then reviews existing prog...

by Jenny C Aker | On 07 Nov 2011

Comparison of Privatization Processes of Telecom Services in India and Brazil

Apart from being BRIC countries, what India and Brazil have in common is a large service sector that contributes significantly to the GDP. The service sector contributed 66% to the Brazilian GDP and 5...

by Rekha Jain | On 18 Oct 2011

Localization, Globalization and Networks of foreign Subsidiaries

This research is about multinational enterprises (MNEs) and their subsidiaries abroad. The specific focus of the research is on the foreign subsidiaries? local embeddedness, global integration and m...

by Filip De Beule | On 10 Oct 2011

Food, Hunger and Ethics

Management of hunger has to look into issues of availability, accessibility and adequacy. Posing it from an ethical perspective the paper argues out in favour of right to food. But, for this to happe...

by Srijit Mishra | On 30 Sep 2011

User-based Financing of Marine Protection in the Maldives

This paper provides an economic valuation of the recreational uses of atoll-based marine resources in the Republic of the Maldives. A travel demand model to estimate the benefits of atoll-based marin...

by Mahadev G Bhat | On 30 Sep 2011

Agricultural Economy of India and Macro-Economic Effects: Some Empirical Results and a Research Agenda based on the Literature

This paper focuses on macroeconomic linkages with agriculture. From an extensive literature review the question that emerges is: is there a structural constraint in Indian agriculture or does Indian...

by Munish Alagh | On 02 Sep 2011

Strategic Outsourcing with Technology Transfer

The outsourcing decision of a firm for a key input of a final good production to an independent input supplier even though the firm has an option of producing that key input in-house at a lower cost w...

by Tarun Kabiraj | On 02 Sep 2011

Infrastructure Investment and Regional Economic Growth: A Case Study of Maharashtra

The study initially reviews the infrastructure facilities for the 33 districts of Maharashtra for one year i.e.1999-2000. Using this, the extent of disparities between these regions is found. Further...

by A M Swaminathan | On 29 Aug 2011

Institutional Innovations and Models in the Development of Agro-Food Industries in India: Strengths, Weaknesses and Lessons

Agro-industries are given high priority in India particularly because of their great potential for contributing to development. The emphasis on village-based agro-industries was introduced almost a...

by Vasant P Gandhi | On 29 Aug 2011

Policy Dilemmas in India: The Impact of Changes in Agricultural Prices on Rural and Urban Poverty

Trade policy reforms which lead to changes in world prices of agricultural commodities or domestic policies aimed at affecting agricultural prices are often seen as causing a policy dilemma: a fall...

by Sandra Polaski | On 26 Aug 2011

Objects and Accomplishments of Participatory Irrigation Management Programme in India: An Open Pair of Scissors

Participatory irrigation management programme as a prelude to irrigation management transfer to users is being set up by many states for over five years now. Though it is recognized that the governm...

by R Parthasarathy | On 25 Aug 2011

Darwin’s Theory of Descent with Modification, versus the Biblical Tree of Life

There is a need to reappraise the different concepts like the 'Tree of Life', and what Darwin meant by them, and how he used the terms. The Tree of Life example is not the only case where Darwin's wor...

by David Penny | 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

Foreign Direct Investment and Technology Spillover: An Evaluation Across Different Clusters in India

The paper attempts to explore the technology spillover effects of Foreign Direct Investment (FDI) in Indian manufacturing industries across different selected clusters in India. To measure the spillov...

by Pami Dua | On 12 Aug 2011

Bond Market Development in Asia: An Empirical Analysis of Major Determinants

This study attempts to identity the major determinants of bond market development in Asian economies, through examining its relationship with selected key financial and economic factors, and to provid...

by Biswa Nath Bhattacharyay | On 10 Aug 2011

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

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

Transfer Paths and Academic Performance: The Primary School Merger Program in China

In this paper, the overall goal is to examine the impact of the Rural Primary School Merger Program on academic performance of students using a dataset from a survey that we designed to reflect tran...

by Alexis Medina | On 27 Jul 2011

Government Mediated Program on Intensifying Industry-Academia Linkages for Human Resource Development; Experinces of an Innovative Model from TIFAC

The importance of academia- industry linkages for development of an economy is well recognized. With a view to make the higher technical education relevant, by forging and catalyzing functional link...

by Jancy Ayyaswamy | On 26 Jul 2011

Global Financial Crisis: Implications for Trade and Industrial Restructuring in India

This study investigates the impact of global crisis shocks on India’s trade and industry. Both panel data modeling and vector autoregression techniques are used to understand the dynamic effects of gl...

by Prabir De | On 22 Jul 2011

Fixed Costs, The Balanced-Budget Multiplier and Welfare

In a two-sector model, where one of the sectors is monopolistically competitive and subject to increasing returns to scale but without love for variety, the effects of a balanced budget fiscal expansi...

by Partha Sen | On 20 Jun 2011

Finding the Meaning of the Word ‘Livelihood’

Livelihood has many meanings. To many it is that which gives you a source of income. Yet it is only when livelihoods come to mean sustainable ways of living that we will move towards an alternative...

by Collin Furtado | On 13 Jun 2011

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

GAVI’s Future: Steps to Build Strategic Leadership, Financial Sustainability, and Better Partnerships

On June 13, the GAVI Alliance will hold its first pledging conference, seeking to obtain commitments for US$ 3.7 billion for the 2011–15 period. Remarkably, in the midst of a historic global recession...

by Lisa Carty | On 09 Jun 2011

Cash at Your Fingertips: Biometric Technology for Transfers in Resource-Rich Countries

Cash transfers are often a good way for developing countries to address economic and social problems. They are less expensive than directly providing goods and services and allow recipients the flex...

by Alan Gelb | On 06 Jun 2011

Aid Supplies Over Time: Accounting for Heterogeneity, Trends, and Dynamics

The recent financial crisis has rekindled interest in the foreign aid supply behaviour of bilateral donors. Using the latest data covering the period 1960-2009, this paper examines how such behaviou...

by Sam Jones | On 01 Jun 2011

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

Targeting and Distribution of Post-Tsunami Aid in Sri Lanka : A Critical Appraisal

In this study, two types of aid transfers - boats and houses are examined- that were made to rehabilitate tsunami-affected fishery households in Sri Lanka. The goal is to investigate the distributio...

by Asha Gunawardena | On 20 Apr 2011

On The Optimal Coordination Of Uninformed Agents by an Informed Principal

They consider organizations with a single principal and many agents who interact in an environment with the following features: (a) Nature imperfectly informs the principal via a state-contingent si...

by Sudhir A. Shah | On 30 Mar 2011

Macroeconomic Uncertainty and Corporate Liquidity: The Indian Case

Interest in the uncertainties prevailing at the macroeconomic level has always been well known in economic literature. This paper analyses the effect of firm level and macroeconomic uncertainty on t...

by Mrinal Kanti | On 22 Mar 2011

Health, Technical Efficiency And Agricultural Production In Indian Districts

In this study, they attempt to quantify the effect of improved population health on technical efficiency in agricultural production. Using data for over 260 districts in 15 Indian states, they emplo...

by Atheendar S. Venkataramani | On 17 Mar 2011

Acreage and Yield Response for Major Crops in the Pre- and Post-Reform Periods in India: A Dynamic Panel Data Approach

Supply response to price changes is likely to increase with the increasing liberalization of the agricultural sector in India. Past studies revealed a weak supply response for Indian agriculture. No...

by G. Mythili | On 21 Feb 2011

Macroeconomic Forecasting using Dynamic Factor Models

This study attempts to develop a dynamic factor model (DFM) to forecast industrial production and price level in India. For this purpose, domestic as well as external economic indicators, that appea...

by Sanjib Bordoloi | On 21 Feb 2011

Valuing the Environment in Developing Countries: Modeling the Impact of Distrust in Public Authorities’ Ability to Deliver on the Citizens’ Willingness to Pay for Improved Environmental Quality

This paper employs the choice experiment method to estimate local  citizens’ valuation of a public intervention which proposes to improve the  quality of an important environmental resource, namel...

by Ekin Birol | On 09 Feb 2011

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

Oil to Cash: Fighting the Resource Curse through Cash Transfers

Many of the world’s poorest and most fragile states are joining the ranks of oil and gas producers. These countries face critical policy questions about managing and spending new revenue in a way tha...

by Todd Moss | On 25 Jan 2011

Poverty Measures and Anti-Poverty Policy with an Egalitarian Constraint

Bourguignon and Fields (‘Poverty Measures and Anti-Poverty Policy’) and Gangopadhyay and Subramanian (‘Optimal Budgetary Intervention in Poverty Alleviation Schemes’) have derived optimal budgeta...

by S. Subramanian | On 07 Jan 2011

To Develop or to Conserve? The Case of the Diyawanna Oya Wetlands in Sri Lanka

The Diyawanna Oya wetland ecosystem has proven to be an important recreational site in the greater Colombo area in the face of the growing demand for urban recreational amenities. It provides a wide s...

by Thusita Dilhani Marawila | On 06 Jan 2011

Income Distribution and Labour Movement in China after WTO Membership: A CGE Analysis

Using a CGE model, PRCGEM, with an updated 2002 I/O table, this paper explores how earnings will be affected in each of 40 separate industries across 31 regions (or 8 regional blocks) of China for...

by Jiao Wang | On 05 Jan 2011

Learning about Schools in Development

There has been considerable progress in school construction and enrollment worldwide. Paying kids to go to school can help overcome remaining demand-side barriers to enrollment. Nonetheless, the qual...

by Charles Kenny | On 29 Dec 2010

Egovernment: Lessons from Implementation in Developing Countries

E-government applications from a large number of developing countries are reviewed. Different models of electronic delivery of services are compared. Delivery through conveniently located service cent...

by Prof. Subhash Bhatnagar | On 06 Dec 2010

Free Trade Agreement between People’s Republic of China and India: Likely Impact and Its Implications to Asian Economic Community

Open regionalism and trade cooperation between the world’s two largest developing countries, the People’s Republic of China (PRC) and India, can foster outward-oriented development and intra-regio...

by Swapan K. Bhattacharya | On 06 Dec 2010

Linking Vertical and Horizontal Markets for Innovations at Grassroots: Sustainability Imperative

The supply chain management is at the core of globalising world. Today the large corporations are able to source materials from all around the world and sell it in the most interior parts of the dev...

by Anil K Gupta | On 01 Dec 2010

Cross-country Diffusion of the Internet

This paper investigates the factors which determine the diffusion of the Internet across countries. The Gompertz model of technology diffusion is estimated using data on Internet hosts per capita for...

by Sampsa Kiiski | On 23 Nov 2010

Does Female Empowerment Promote Economic Development?

Empirical evidence suggests that money in the hands of mothers (as opposed to their husbands) benefits children. Does this observation imply that targeting transfers on women is good development polic...

by Matthias Doepke | On 18 Nov 2010

Living Standard and Economic Growth: A Fresh Look at the Relationship Through The Nonparametric Approach

The relative role of economic growth vis-a-vis public action in raising living standards in developing countries has been a point of contention for quite some time now. The arguments on both sides a...

by Indrani Chakraborty | On 12 Nov 2010

India's IT Export Boom: Challenges Ahead

Given the manifold ways, in which the information technology could contribute to human welfare, the developing countries have invested in Information Technology (IT) as a short cut to prosperity. I...

by K.J. Joseph | On 01 Nov 2010

Global Production Networks and the People’s Republic of China’s Processing Trade

This paper unveils a systematic pattern in the People’s Republic of China’s (PRC) processing trade. In a cross-section of the PRC’s provinces, the average distance traveled by processing imports (...

by Alyson C. Ma | On 18 Oct 2010

Inflation and Economic Growth in Bangladesh: 1981-2005

This paper empirically explores the present relationship between inflation and economic growth in the context of Bangladesh. Using annual data set on real GDP and CPI for the period of 1980 to 2005, a...

by Shamim Ahmed | On 14 Oct 2010

Transfers and the Terms of Trade in an Overlapping Generations Model

This paper explores the steady state welfare implications of permanent transfers in a two-country, two-sector overlapping generations model. At the golden rule and with Walrasian stability, we demonst...

by Emily T. Cremers | On 08 Oct 2010

Resettlement in Action

This report studies the ongoing resettlement for the middle route of the South-North Water Transfer Project at Danjiangkou in Hubei Province, China. The Water Transfer Project is China’s biggest wat...

by International Rivers Network IRN | On 30 Sep 2010

Sustainable Economic Growth for India: An Exercise in Macroeconomic Scenario Building

Use of Macroeconometric models has by now assumed a measure of universality as an unavoidable aid to forecasting and policy analysis; challenges and controversies spread over more than two decades n...

by V. Pandit | On 29 Sep 2010

The ASEAN Services Sector and the Growth Rebalancing Model

The growth rebalancing model, which places the nontradable services sector on center stage, is important to spur on faster growth in this sector and tap its potential to become another engine of growt...

by Rafaelita M. Aldaba | On 29 Sep 2010

Debt Policy in a Competitive Two-Sector Overlapping Generations Model

In this paper debt policy in a two-period, two-sector overlapping generations model with Leontief technologies has been analysed. It has been found that debt, issued to transfer resources to the initi...

by Partha Sen | On 28 Sep 2010

India in the Global and Regional Trade: Determinants of Aggregate and Bilateral Trade Flows and Firms’ Decision to Export

This paper contributes to two strands of literature on empirical models of trade flows and trade policy. The first and the older strand is that of gravity models of bilateral trade flows going back...

by T.N. Srinivasan | On 20 Sep 2010

The Transfer Paradox in a One-Sector Overlapping Generations Model

This paper examines the effects of international income transfers on welfare and capital accumulation in a one-sector overlapping generations model. It is shown that a strong form of the transfer para...

by Partha Sen | On 15 Sep 2010

The Role of Technological Complexity and Absorptive Capacity in Internalization Decision

Technology transfer costs have a profound influence on the firm’s entry mode into a production sharing relationship. To explore this nexus, they associate technological complexity of the off-shored in...

by Arti Grover | On 14 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

Fiscal Consolidation with High Growth A Policy Simulation Model for India

In this paper a fiscal consolidation program for India has been presented based on a policy simulation model that enables us to examine the macroeconomic implications of alternative fiscal strateg...

by Sudipto Mundle | On 09 Sep 2010

Fertilizer Subsidy in India: Who are the Beneficiaries?

Agricultural subsidies that encourage production and productivity have been widely criticized because of the cost of subsidies and they are perceived to be far from uniformly distributed. There is a...

by Vijay Paul Sharma | On 27 Aug 2010

Structural Shift in Demand for Food: Projections for 2020

Knowledge of demand structure and consumer behaviour is essential for a wide range of development policy questions like improvement in nutritional status, food subsidy, sectoral and macroeconomic poli...

by Surabhi Mittal | On 25 Aug 2010

Betit: A Family that Nests Probit and Logit

This paper proposes a dichotomous choice model that is based on a transformed beta (or z”) distribution. This model, called betit, nests both logit and probit and allows for various skewed and peak...

by Wim P.M. Vijverberg | On 13 Aug 2010

The Economics of Human Cloning

In this paper, we analyze the extent to which market forces create an incentive for cloning human beings. We show that a market for cloning arises if a large enough fraction of the clone’s income ca...

by Gilles Saint Paul | On 13 Aug 2010

The Predictive Value of Subjective Labour Supply Data: A Dynamic Panel Data Model with Measurement Error

This paper tests the predictive value of subjective labour supply data for adjustments in working hours over time. The idea is that if subjective labour supply data help to predict next year’s wor...

by Rob Euwals | On 12 Aug 2010

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

Do Professionals Choke Under Pressure?

High rewards or the threat of severe punishment do not only provide incentives to exert high levels of effort but also create pressure. Such pressure can cause paradoxical performance effects, namel...

by Thomas J. Dohmen | On 06 Aug 2010

Determinants of Small-Scale Farmer inclusion in Emerging Moder Agrifood Markets: A Study of the Dairy Industry in India

In response to structural transformations taking place in the Indian dairy sector mainly in processing segment this paper examines determinants of market channel choices of milk produce...

by Vijay Paul Sharma | On 02 Aug 2010

Morbidity Costs of Vehicular Air Pollution: Examining Dhaka City in Bangladesh

This study estimates the morbidity costs of reduction in air pollution in Dhaka, the capital of Bangladesh, using the Cost-of-Illness (COI) approach. COI is defined as the sum of lost earnings due t...

by Tanzir Chowdhury | On 19 Jul 2010

A Perspective on Fisheries Sector Interventions for Livelihood Promotion

The ultimate goal of this paper is to derive inspiration from Coase Theorem and the Japanese model of Keiretsu to empower the producers and suppliers of fish – namely, the fisher folk and to place the...

by Samar K. Datta | On 09 Jun 2010

The (Indispensable) Middle Class in Developing Countries; or, The Rich a the Rest, Not the Poor and the Rest

In this paper an argument is made that the concept of inclusive growth should go beyond the traditional emphasis on the poor (and the rest) and take into account changes in the size and economic c...

by Nancy Birdsall | On 31 May 2010

Debt Policy and Economic Growth in a Small Open Economy Model with Productive Government Spending

In this paper, the effects of introducing constraints on government borrowing have been examined by using a continuous-time overlapping generations model of a small open economy. Government placing co...

by Koichi Futagami | On 27 May 2010

Adaptation, Plasticity, and Extinction in a Changing Environment: Towards a Predictive Theory

A simple evolutionary model is used to understand the critical rate of environmental change beyond which a population must decline and go extinct. The model is used to highlight the major determinants...

by Luis-Miguel Chevin | On 21 May 2010

Can Social Security Boost Domestic Consumption in the People’s Republic of China?

This paper reviews the development of the social security system and trends in the urban labor market in the People’s Republic of China (PRC). Despite its remarkable economic achievement, the PRC face...

by Wang Dewen | On 20 May 2010

Impact of ASEAN-India FTA on India’s Plantation Commodities: A Simulation Analysis

The present study attempts a quantitative assessment of the impact of recently signed ASEAN-India FTA (AIFTA) for selected plantation commodities (coffee, tea and pepper) in India. Partial equilibri...

by C. Veeramani | On 20 Apr 2010

Vulnerability and Coping to Disasters: A Study of Household Behaviour in Flood Prone Region of India

This paper attempts to understand the various risks faced by households living in disaster prone regions of rural India and specifically examine the effectiveness of coping mechanisms adopted by ho...

by Unmesh Patnaik | On 12 Apr 2010

State Aid and Competition in Banking: The Case of China in the Late Nineties

A reduced form model where banks can pursue other goals than profit maximization is presented. This allows us to test for behavioral changes of banks over time. This model provides a framework to e...

by Xiaoqiang Cheng | On 23 Feb 2010

Prevalence and Costs of Childhood Diarrhoea in the Slums of Dhaka

This study seeks to identify the engineering, behavioural and socio-economic determinants of childhood diarrhoea and its duration and to compute the resulting costs borne by slum dwellers. The study...

by M. Jahangir Alam | On 22 Feb 2010

Graduating to Globalisation: A Study of Southern Multinationals

FDI by firms in developing countries is a recent phenomenon and demands a study of relationship between firm productivity and different modes of globalisation activities. This paper attempts to unde...

by Dilek Demirbas | On 16 Feb 2010

Can Global De-Carbonization Inhibit Developing Country Industrialization?

In this paper, we seek to make a twofold contribution. On outcomes, we focus on manufacturing exports as well as on manufacturing output both in the aggregate and in selected sectors. On policy, the i...

by Aaditya Mattoo | On 19 Jan 2010

Who Owns Children and Does It Matter?

In this paper a particular market failure that may lead to inefficiently low equilibrium fertility and therefore to a need for government intervention are analysed. The friction which is investigated...

by Alice Schoonbroodt | On 18 Jan 2010

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

Can Public Private Partnership reduce Maternal Mortality? Assessing Efforts Made by the ‘Chiranjeevi’ Scheme in Gujarat

The Chiranjeevi Yojna is considered to be a successful PPP model and has also received a prestigious Asian Innovations Award by the Wall Street Journal. It is a flagship scheme of the Gujarat state mi...

by Akash Acharya | On 13 Nov 2009

Engaging Communities to Improve Health and Nutrition Outcomes: The Role of Community Volunteers in INHP

INHP adopted a multiple volunteer per village model, with one volunteer serving the immediate neighborhood of about 20-30 households to rationalize volunteer workloads and to ensure cultural compatibi...

by CARE India | On 09 Nov 2009

Equity for Open-Access Journal Publishing

Open access journal publishing is currently at a systematic disadvantage relative to the traditional subscription-based journal publishing. A simple, cost effective remedy to this inequity is propose...

by Stuart M. Shieber | On 31 Aug 2009

An Analysis of Household's Tobacco Consumption Decisions: Evidence from India

The consumption patterns, socio-economic distribution and the household choice of a variety of tobacco products across rural and urban India are analyzed. Using a Multinomial Logit Model, the choice...

by Rijo M John | On 19 Aug 2009

School Exclusion as Social Exclusion: The Practices And Effects of Conditional Cash Transfer Programme for the Poor in Bangladesh

This paper explores the efforts of government to interrupt the intergenerational transmission of poverty. It focuses on the practices and effects of the Primary Education Stipend Programme, a conditio...

by Naomi Hossain | On 17 Aug 2009

A Glimpse of the Tiger: How Much are Indians Willing to Pay for It?

The recreational demand for the Indian Sundarban, which is a World Heritage site and a complex mangrove ecosystem that borders India and Bangladesh is estimated. Two alternative methodologies exist f...

by Indrila Guha | On 13 Aug 2009

The Behavioral Equivalence of Organizational Culture

This paper presents findings from an extensive review of literature on organizational cultural (OC) and highlights the relevance of OC with respect to individual, organizational, intra-organizational...

by Indu Rao | On 10 Aug 2009

Measuring Inflationary Pressure in Bangladesh: The P-Star Approach

The paper estimates the P* model for Bangladesh economy and test its forecasting ability through generating recursive forecasts. The empirical result shows that the model performs relatively well and...

by Mustafa. K. Mujeri | On 27 Jun 2009

Sources of FDI Flows to Developing Asia: The Roles of Distance and Time Zones

This paper investigates sources and determinants of foreign direct investment (FDI) flows to developing Asia using bilateral FDI flows for the period 1990-2005. With regard to the determinants of FDI...

by Rabin Hattari | On 27 Jun 2009

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

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

Making the Punishment Fit the Crime or Taliban Justice? Optimal Penalties without Commitment

This paper argues that graduated penalties observed in most legal systems may be an attempt to direct law enforcement efforts towards crimes that are socially more harmful, thereby achieving better de...

by Parikshit Ghosh | On 03 Jun 2009

Liberalization with Endogenous Institutions: A Comparative Analysis of Agricultural Reform in Africa, Asia and Europe

Thirty years ago, a vast share of the poor and the middle income countries were heavily state-controlled. The effects of the liberalizations in the 1980s and 1990s differed strongly between regions in...

by Johan F.M. Swinnen | On 02 Jun 2009

Labor Force Participation among Indian Elderly: Does Health Matter?

The paper analyzes the effect of health status on labour force participation for aged Indians. The potential endogeneity in health and labour force participation has been taken care of by using full i...

by Manoj K Pandey | On 27 May 2009

Aids In India

This paper revolves around the Public health related aspects of industrial and intellectual property rights policies in a developing country with respect to Aids in India. It also focusses on its prev...

by Samira Guennif | On 22 May 2009

Macroeconometric Policy Modeling for India: A Review of Some Analytical Issues

Macroeconomic modelling is generally motivated by two objectives: forecasting and more significantly, policy analysis. In pursuit of both these objectives, every model must ideally satisfy four crite...

by V. Pandit | On 16 May 2009

Intellectual Property Protection And Technology Transfer The Case Of Overseas R & D

This paper investigates whether, in what direction, and to what extent one mode of technology transfer – namely, overseas R&D – is influenced by the strength of intellectual property protection that h...

by Sunil Kanwar | On 15 May 2009

Agricultural Impact of Climate Change: A General Equilibrium Analysis with Special Reference to Southeast Asia

Capitalizing on the most recent worldwide estimates of the impacts of climate change on agriculture production, this paper assesses the economic effects of climate change for Southeast Asian countries...

by Fan Zhai | On 01 May 2009

Sharing Traditinal Knowledge for Commerce-the Power of Bargaining Strength

The paper is motivated by concerns about the depletion of traditional knowledge and recent efforts to preserve this knowledge through commercial use. The study looks at incentives that can induce comp...

by Aparna K Bhagirathi | On 30 Apr 2009

Poverty, Undernutrition and Vulnerability in Rural India: Public Works versus Food Subsidy

This paper analyses the effects of access to Rural Public Works (RPW) and the Public Distribution System (PDS), a public food subsidy programme, on consumption poverty, vulnerability and undernutrit...

by Raghbendra Jha | On 27 Apr 2009

Macroeconomic Effects Of Public Invesment In Infrastructure In India

This paper attempts to build an aggregative, structural,macroeconometric model for India. Investment and output in the model are disaggregated into four sectors namely(a) agriculture including forestr...

by K.N Murty | On 02 Mar 2009

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

Suggesting Effective Policy Frames for Chronic Poverty Alleviation in India

This is a continuation of an earlier paper (2005) by the author which dealt with policy implications based on the work done by CPRC in India. There is no map of chronic poverty in India, but have an a...

by N C B Nath | On 16 Dec 2008

Contemporary International and Domestic Banking Developments and the Emerging Challenges

A broad overview, from the Indian perspective, of the factors underlying the credit market crisis in the west, the implications of the crisis for the financial sector, lessons learnt from it, the var...

by Leeladhar V | On 25 Nov 2008

Semi-Feudalism and Perpetual Indebtedness

The implications of removing some of the restrictive assumptions of a model of semi-feudalism formulated by A.Bhaduri are examined. [WP no. 16].

by N. Krishnaji | On 10 Nov 2008

The Role of Intellectual Property Rights in Information and Communication Technologies

The paper starts by recapitulating the basic arguments provided by economic theory to explain the existence of the patent system. The paper then concentrates on the three important ICT industries viz....

by C Niranjan Rao | On 30 Oct 2008

Dynamics of Rural Water Supply in Coastal Kerala: A Sustainable Development View

This paper examines empirically within sustainable development framework the dynamics of coverage in rural drinking water supply of 180 demand-driven schemes from Malappuram, predominantly a coastal...

by K Pushpangadan | On 27 Oct 2008

Heterodox Macroeconomics and the Design of Monetary Institutions

Two agendas of the heterodox economics programme; the stock-flow consistent models pioneered by Wynne Godley, and the monetary circuit approach researched in France and Italy are discussed. The object...

by Romar Correa | On 10 Oct 2008

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

Persistent Inequality: An Explanation Based on Limited Parental Altruism

This paper provides an explanation for the observed persistence in income inequality across households in terms limited parental altruism. It is postulated that the degree of parental altruism is ‘lim...

by Mausumi Das | On 24 Sep 2008

Structural Modeling under Challenge

It is interesting to note that nearly three decades of new paradigms in macroeconomic theory and policy have hardly gone beyond the ivory towers of the academic world. The extent to which a scientif...

by V. Pandit | On 28 Aug 2008

Another Look at Renewables on India’s Sagar Island

Much existing literature champions renewables implementation on India’s Sagar Island as an unqualified rural electrification success story. Photovoltaic (PV) and wind systems put in place by the West...

by Sam Shrank | On 25 Aug 2008

Impact of Proposed Commodity Transaction Tax

The relationship between trading activity, volatility and transaction cost using a three-equation structural model for five top selected commodities namely Gold, Copper, Petroleum Crude, Soya Oil and...

by Pravakar Sahoo | On 07 Aug 2008

Who Funds the Act of Racism and Racial Discrimination in the Chittgaong Hill Tracks?

Since 1978 Bangladesh government has been providing free food rations to plain settlers to sustain the conflict, make indigenous Jumma peoples a minority in the CHTs and eventually destroy their disti...

by Asian Centre for Human Rights ACHR | On 07 Aug 2008

Measuring Sustainability with Macroeconomic Data for India

This paper investigates certain macro data on the Indian economy to draw inferences on the sustainability of the economic growth experienced over the last couple of decades. Interpreting sustainabilit...

by Purnamita Dasgupta | On 24 Jul 2008

Bangladesh and Climate Change: Need for a Comprehensive Adaptive Strategy

The aim of this paper is to examine the effects climate change will have on Bangladesh and also gives some possible solutions for tackling climate change.

by Centre for Trade and Development CENTAD | On 24 Jul 2008

Are Fair Trade Labels Effective Against Child Labor?

In this paper, a model of North-South trade is developed to analyze the impact of a label certifying the absence of child labour in the export production of the South. [WP no 144].

by Jean Marie Baland | On 19 Jul 2008

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

India, Democracy and the Press

The impressive growth of the Indian media is largely taking place outside of the voting classes, ensuring that the media are not playing a significant public service role. Ultimately, the author sugge...

by James Mutti | On 11 Apr 2008

Bancassurance : A Feasible Strategy for Banks in India ?

The scope for bancassurance models as feasible source of sustainable income to banking sector is explored by exploiting the synergy in the context of India having the largest banking network on the on...

by Karunagaran A | On 27 Nov 2007

Using Family Histories to Understand the Intergenerational Transmission of Chronic Poverty

A method of collecting family histories that would act as a means of linking households from the panel studies with individual life histories is proposed. The procedure used to construct a three-gener...

by Robert Miller | On 07 Nov 2007

Enhancing Rural Livelihoods

The Overseas Development Institute in the UK recently carried out a study on ICT for rural livelihoods, commissioned by InfoDev. The study included a literature and donor review in collaboration with...

by Paul Matthews | On 26 Oct 2007

Social Protection Transfers for Chronically Poor People

There are very large numbers of chronically and severely poor people who are not being reached by current development policies, and whose situation is often deteriorating in comparison even with other...

by Chronic Poverty Research Centre CPRC | On 12 Oct 2007

Periurbanisation in Tamil Nadu: A Quantitative Approach

This paper is an attempt to measure the extent of peri-urbanisation that has taken place in TamilNadu. Geographical data is used based on the 1991 census for TamilNadu and Pondicherry. A systematic e...

by Sébastien Oliveau | On 04 Oct 2007

The Indian Economic Journal, January 2007

CHIUNG-JU HUANG : Wagner's Law : Empirical Evidence for China and Taiwan CHIAO-YI CHANG, CHING-FU CHEN AND I-YUAN CHUANG : Does Asian Financial Crisis Change Price Co-Movements in East Asia. G. RAM...

by Department of Economics DoE, Allahabad University | On 01 Oct 2007

Educational Policy and the Economics of the Family

The implications of alternative ways to model decisionmaking by families for educational policy are analysed. Many of the policy implications associated with credit constraints cannot be distinguished...

by Abhijit Banerjee | On 11 Sep 2007

Demand and Supply Factors in the Determination of India's Disaggragated Manufactured Exports: A Simultaneous Error-Correction Approach

An investigation of the demand and supply factors underlying the long-term behaviour of India’s disaggregated manufactured exports. An imperfect substitutes demand-supply model of export determination...

by Saikat Sinha Roy | On 20 Aug 2007

Impact of Special Economic Zones on Employment, Poverty and Human Development

There are three channels through which SEZs address these issues: employment generation, skill formation (human capital development), and technology and knowledge upgradation. It examines how the imp...

by Aradhna Aggarwal | On 02 Aug 2007

Dowry and Property Rights

Modernisation necessarily leads to the emergence of dowry as a direct transfer to the groom ("groom-price"). The historical instances of dowry can be classified according to the schema implied by the...

by Siwan Anderson | On 31 Jul 2007

The Trade-Off Among Carbon Emissions, Economic Growth and Poverty Reduction in India

This study examines the consequences of a) a domestic carbon tax policy, and, b) participation in a global tradable emission permits regime on carbon emissions, Gross Domestic Product (GDP), and pover...

by Vijay Prakash Ojha | On 07 Jul 2007

On The Distributional Consequences Of Child Labor Legislation

A dynamic heterogeneous agent general equilibrium model is constructed to quantify the effects of child labor legislation on human capital accumulation and the distribution of wealth and welfare. Cruc...

by Dirk Krueger | On 23 May 2007

Public Investment and Agricultural Productivity: A State-wise Analysis of Foodgrains in India

The main objective of the study is to examine the long-run relationship between public investment and foodgrain productivity across the fifteen major states of India. The analysis is confined to the p...

by Shyjan D | On 19 Mar 2007

NIPFP Policy Brief: Public Spending on Health in Low Income States and Central Transfers

There are two factors that make additional central transfers for reinforcing health services essential: (a) while the prescription of spending 3 percent of GDP on health may be an appropriate objec...

by Mita Choudhury | On 26 Dec 2006

Using Micro Data to Understand Better the Intergenerational Transmission of Poverty in Low Income Developing Countries: Methdological Note

Good empirical analysis of the intergenerational transmission (IGT) of poverty is challenging. This note clarifies this challenge and possible contributions by considering: (1) what estimated relati...

by Jere R. Behrman | On 20 Dec 2006

Organisational Morphology of Rural Industries in Liberalised India: A Study of West Bengal

Recent interest on rural industries derives from recognition of the limits of agriculture and organised manufacturing sector in employment generation especially during the post-liberalisation period...

by Dibyendu S. Maiti | On 19 Dec 2006

Economic Causes of Tropical Deforestation - A Global Empirical Application

The paper investigates the complex system of causes affecting tropical deforestation at a worldwide level. There is no generally accepted theory in the deforestation literature to indicate which varia...

by Silviu S. Scrieciu | On 27 Nov 2006

The Dynamics of the Age Structure, Dependency, and Consumption

We examine the dynamic interaction of the population age structure, economic dependency, and fertility, paying particular attention to the role of intergenerational transfers. In the short run, a redu...

by Heinrich Hock | On 28 Apr 2006

Integrating poverty reduction in IMF-World Bank Models

This paper outlines the Fund-Bank analytical frameworks and presents a critical appraisal indicating the importance of both demand and supply constraints in the countries undertaking Fund adjustment p...

by Brigitte Granville | On 27 Apr 2006

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

Trends and Issues in Tax Policy and Reform in India

The Indian tax reform experience can provide useful lessons for many countries due to the largeness of the country with multilevel fiscal framework, uniqueness of the reform experience and difficult...

by M.Govinda Rao | On 10 Nov 2005

Central Transfers To States And Centrally Sponsored Schemes

The Indian Constitution assigns specific tax and expenditure responsibilities to the Centre and States. In practice, however, the Centre often operates in the sphere of the States. For instance, it...

by Naresh C. Saxena | On 09 Sep 2005