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Weekend Rumniations: Don't bet just yet on Bangladesh as South Asia's economic champion

Bangladesh might overtake India this year by per capita income in nominal dollars, but it is not yet close to becoming South Asia's economic powerhouse anytime soon.

by T.N. Ninan | On 17 Oct 2020

Adverse Selection and Credit Certificates: Evidence from a P2P Platform

Certificates are widely used as a signaling mechanism to mitigate adverse selection when information is asymmetric. To reduce information asymmetry between lenders and borrowers, Chinese peer-to-peer...

by Maggie Rong Hu | On 24 Apr 2019

Gender and Corporate Success: An Empirical Analysis of Gender-Based Corporate Performance on a Sample of Asian Small and Medium-Sized Enterprises

The paper will provide policy suggestions, such as establishment of credit guarantee funds for easing the female-owned SMEs’ access to finance in Asia. Implementation of supportive policies for female...

by Farhad Taghizadeh-Hesary | On 01 Apr 2019

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

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

by Nobuaki Yamashita | On 01 Apr 2019

Environmental Governance and Environmental Performance

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

by Chun-Ping Chang | On 28 Mar 2019

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

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

by Dushni Weerakoon | On 28 Mar 2019

The Growing Importance of Consumer Finance for Financial Inclusion in India

This paper examines the role of consumer finance, a high growth segment of the Indian financial sector in promoting financial inclusion. Consumer finance involves granting credit to consumers to enabl...

by Saon Ray | On 03 Feb 2019

Outward FDI and Crossborder M&As by Indian Firms: A Host Country-Level Analysis

This paper tries to understand the trends and the pattern of Outward Foreign Direct Investment (OFDI) by Indian firms and the factors that determine OFDI from India through Cross-Border Mergers and Ac...

by P.L. Beena | On 31 Jan 2019

Emigration and Remittances: New Evidences from the Kerala Migration Survey 2018

The report sheds light on the various issues concerning migration and mobility. It gathers the fruit of two decades of research done at the CDS and examines migration dynamics from demographic, econom...

by S. Irudaya Rajan | On 31 Jan 2019

The Way Forward for Personal Insolvency in the Indian Insolvency and Bankruptcy Code

This paper describes the Indian credit market and presents an argument for the need for personal insolvency law. It provides a brief overview of the provisions on personal insolvency in the IBC. It ma...

by Renuka Sane | On 30 Jan 2019

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

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

by Ha Thi Thanh Doan | On 29 Jan 2019

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

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

Optimal Regulation of P2P Lending for Small and Medium-Sized Enterprises

This paper describes and evaluates the range of P2P lending systems on offer to small and medium-sized enterprises (SMEs) in several countries, considering different regulatory regimes. In some countr...

by Naoko Nemoto | On 07 Jan 2019

Marketing: The Crucial Success Factor for Pakistan’s Credit Guarantee Scheme

This paper, confines the focus to a discussion of how inadequate marketing diluted the scheme’s impact. Specifically, several commercial banks could not tailor elements of their marketing mix—includin...

by Talha Nadeem | On 03 Jan 2019

The Role of SMEs in Asia and Their Difficulties in Accessing Finance

Small and medium-sized enterprises (SMEs) are the backbone of the Asian economy. They make up more than 96% of all Asian businesses, providing two out of three private-sector jobs on the continent. Th...

by Naoyuki Yoshino | On 02 Jan 2019

Indian Banks and the Prevention of Corruption Act: Freedom and Discipline

Selfless activists like Mr. Pai teach us the importance of continuously interrogating the functioning of our democracy. The NPA issue has persisted for almost a decade. It has eroded the profitability...

by Ashima Goyal | On 29 Oct 2018

Skewed Credit and Growth Dynamics after the Global Financial Crisis

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

by Gemma Estrada | On 19 Oct 2018

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

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

by Maria Teresa Punzi | On 19 Oct 2018

Money and Business Cycle: Evidence From India

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

by Ashima Goyal | On 21 Sep 2018

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

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

by Elaine Q. Borazon | On 20 Sep 2018

What Drives Filipino Firms to Innovate

Innovation is recognized as an important driver of productivity, sustained economic growth, and development. It is also a key to finding enduring solutions to socioeconomic and environmental challenge...

by Jose Ramon G. Albert | On 04 Sep 2018

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

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

by Guangyu Cao | On 01 Sep 2018

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

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

by Connie Bayudan-Dacuycuy | On 27 Aug 2018

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

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

by Hooman Peimani | On 16 Aug 2018

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

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

by Purkayastha Dhruba | On 13 Aug 2018

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

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

by Suk Hyun | On 10 Aug 2018

Credit Risk Reduction Effect on Small and Medium- Sized Enterprise Finance Through the Use of Bank Account Information

This paper verifies the impact of bank account information, such as information on deposits and withdrawals, that is not necessarily fully accounted for in conventional internal ratings and that can a...

by Naoko Nemoto | On 10 Aug 2018

Review of High-Value Agriculture in the Philippines with Comprehensive Subsectoral Focus: Livestock Industries

The main objective of this paper is to review the status and performance of the Philippine livestock sector. This review provides discourse on the livestock subsector’s performance over the years, and...

by Sonny N. Domingo | On 05 Jul 2018

Stock Market Trading in the Aftermath of an Accounting Scandal

This paper studies the impact of fraud revelation on trading behaviour of investors. It ask, if investors with direct exposure to stock market fraud (treated investors) are more likely to cash out of...

by Renuka Sane | On 20 Jun 2018

Trade Costs, Time, and Supply Chain Reliability

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

by Utsav Kumar | On 14 Jun 2018

Market Integration, Demand and the Growth of Firms: Evidence from a Natural Experiment in India

In many developing countries, the average firm is small, does not grow and has low productivity. Lack of market integration and limited information on non-local products often leave consumers unaware...

by Robert T. Jensen | On 12 Jun 2018

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

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

by Farhad Taghizadeh-Hesary | On 09 Jun 2018

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

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

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

by | On 08 May 2018

Broadband Adoption and Firm Performance: Evidence from Informal Sector Firms in India

Using unit level data for informal manufacturing sector, drawn from the Government of India’s National Sample Survey Organization , this paper addresses the impact of broad...

by Kausik Chaudhuri | On 25 Apr 2018

Country Origin of Foreign Direct Investment in Indi an Manufacturing and Its Impact on Productivity of Domestic Firms

The paper investigated the productivity enhancing e ffects of FDI in Indian manufacturing firms, with a particular focus on the differences in FDI i mpact according to the county of origin of FDI....

by Bishwanath Goldar | On 19 Apr 2018

Revisiting Rates of Return to Agricultural R&D Investment

This study proposes the use of partial least squares to determine the key parameters of the perpetual inventory method model of capital stock as a new approach to calculate research and development (R...

by Alejandro Nin Pratt | On 13 Apr 2018

Operating Performance of Initial Public Offering Firms after Issue in India – A Revisit

The paper examines how the operating performance of the Indian firms changed after their initial public offerings. It is found that the operating performance does not deteriorate post IPOs, if a per...

by Avdhesh Kumar Shukla | On 09 Apr 2018

Knowledge Sharing Workshop on Springs and Springshed Management for Reviving Drying Springs

Mountain springs are the primary source of water for millions of people in the mid-hills of the Hindu Kush Himalaya (HKH).

by International Centre Mountain Development | On 04 Apr 2018

Green Firm, Brown Production

In a theoretical model of an environmentally conscious (“green”) monopolist, we show that increasing greenness does not always mean lower output and environmental damages. The Author assumes that a gr...

by Rupayan Pal | On 04 Apr 2018

The Impact of Global Labour Standards on Export Performance

The issue of global labour standards has been at the forefront of both regional and multilateral trade negotiations over the past two decades, and will likely remain high on the agenda of future tra...

by | On 28 Mar 2018

Money, Income, Prices, and Causality in Pakistan: A Trivariate Analysis

The report says that there has been a long debate in economics regarding the role of money in an economy particularly in the determination of income and prices.

by Fazal Hussain | On 27 Mar 2018

Understanding Gendered Empowerment Through a Government-run Microfinance Programme: The case of Stree Shakti in Karnataka

The report indicated a widespread stagnation of women’s work participation in poorer districts, a narrowing of their work, income, prospects and opportunities, growing wage differentials between men a...

by Centre for Budget and Policy Studies CBPS | On 23 Mar 2018

Country Origin of Foreign Direct Investment in Indian Manufacturing and its Impact on Productivity of Domestic Firms

The paper analyzes productivity enhancing effects of foreign direct investment (FDI) among Indian manufacturing firms. The issue particularly examined is, how country of origin of FDI makes a differe...

by | On 14 Mar 2018

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

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

by Emily Breza | On 10 Mar 2018

Reduction in Carbon Emissions Intensity among Indian Manufacturing Firms and Its Impact on Their Export Competitiveness, 2009-2013

Between 2002-03 and 2012-13, energy consumption intensity and carbon dioxide (CO2) emissions intensity of Indian manufacturing declined by about 30 percent. During the last 10 to 15 years, Indian ma...

by | On 05 Mar 2018

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

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

by | On 14 Feb 2018

Broadband Adoption and Firm Performance: Evidence from Informal Sector Firms in India

Using unit level data for informal manufacturing sector, drawn from the Government of India’s National Sample Survey Organization, this paper addresses the impact of broadband adoption on firm perfo...

by | On 13 Feb 2018

Determinants of R&D Behavior of Foreign Firms in India

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

by Savita Bhat | On 13 Feb 2018

Does Gender Diversity Improve Firm Performance?: Evidence from India

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

by Ruchika Joshi | On 08 Feb 2018

Now You, the Ciitizen, can Monitor Air Pollution! A Collaborative Experimental Initiative in Maharashtra

Citizens, journalists and policy makers can now find the state of industrial pollution in their areas with a click. They can log on to the MPCB website (http://mpcb.info) to access report cards of in...

by Aritra Chakrabarty | On 04 Feb 2018

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

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

by Arun Jaitley | On 31 Jan 2018

Economic Survey 2017: Volume II: Chapter 3: Monetary Management and Financial Intermediation

During 2017-18 (till January), monetary policy remained steady with only one policy rate cut in August. As the Y-o-Y effect of demonetisation wore off, the growth rate of both Currency in Circulatio...

by Arun Jaitley | On 31 Jan 2018

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

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

by Arun Jaitley | On 31 Jan 2018

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

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

by ASHA Kisan Swaraj Alliance | On 31 Jan 2018

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

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

by Arun Jaitley | On 30 Jan 2018

Ecommerce and Firm Performance: Evidence from Korea

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

by Lee Yub | On 26 Jan 2018

Regional Analysis of Sanitation Performance in India

Introduction: India bears a disproportionate burden of open defecation in spite of investing more and more funds and ushering in several institutional efforts including Swachh Bharat Mission in the...

by Arijita Dutta | On 23 Jan 2018

Two Decades of OPCW

This issue brief takes a broad overview of the journey of CWC and OPCW during the last two decades.

by Ajey Lele | On 17 Jan 2018

Using Gross Trade Data to Map Archetypal GVCs

This paper introduces a new, publicly available database for tracking merchandise trade in the global value chains for apparel/textile/footwear, motor vehicles and parts, and electronics, developed or...

by Michael Ferrantino | On 16 Jan 2018

Can We Measure the Power of the Grabbing Hand?: A Comparative Analysis of Different Indicators of Corruption

This paper critically reviews the strengths and weaknesses of various objective and subjective indicators of corruption.

by Alexander Hamilton | On 15 Jan 2018

Effects of Financial Market Imperfections on Indian Firms‘ Exporting Behavior

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

by Hiro Ito | On 21 Dec 2017

Response of Firms to Listing: Evidence from SME Exchanges

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

by | On 11 Dec 2017

Monetary Policy and Credit Demand in India and Some EMEs

Impact of changes in policy rate of interest on demand for bank credit is examined for seven emerging market economies including India for the period 2002 to 2010. Panel data techniques are used after...

by | On 01 Dec 2017

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

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

by Peng Zhang | On 28 Nov 2017

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

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

by Shuangqi Wu | On 23 Nov 2017

Digital Challenges for the Welfare State

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

by Werner Eichhorst | On 23 Nov 2017

Cracking the Code: Girls’ and Women’s Education in Science, Technology, Engineering and Mathematics (STEM)

This report aims to ‘crack the code’, or to decipher the factors that hinder or facilitate girls’ and women’s participation, achievement and continuation in STEM education, and what can be done by the...

by United Nations Educational, Scientific and Cultura UNESCO | On 21 Nov 2017

Creating Good Employment Opportunities for the Rural Sector

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

by | On 20 Nov 2017

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

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

by Rabia Tabassum | On 16 Nov 2017

Outsourcing Under Incomplete Information

The Author considers outsourcing decision of a firm in a Cournot duopoly with incomplete information. There is incomplete information about the production technology of one firm. It is shown that outs...

by Tarun Kabiraj | On 14 Nov 2017

Stigma or Red Tape? Roadblocks in the Use of Affirmative Action

This paper examines whether and to what extent, additional stigmatization adversely affects the use of reservations for higher education or jobs. The quantitative analysis is based on a primary survey...

by Ashwini Deshpande | On 03 Nov 2017

From reference levels to results reporting: REDD+ under the UNFCCC

This report will also summarize experiences with the technical assessment process as of early 2017 and offer an overview of initial REDD+ results reporting and technical analyses of those reports.

by Food and Agricultural Organization [FAO] | On 31 Oct 2017

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

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

by Shahid Raza | On 31 Oct 2017

New Issues Puzzle: Experience from Karachi Stock Exchange

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

by Henna Malik | On 30 Oct 2017

Picking the Winner : Measuring Urban Sustainability in India

This study provides a snapshot of the sustainability of selected Indian cities by employing 57 indicators in four dimensions to develop an overall city sustainability index. In recent years, its compl...

by | On 06 Oct 2017

Examining the Eco-Macroeconomic Performance Index of India: A Data Envelopment Analysis Approach

The prime objective of the paper is to construct a robust macroeconomic performance (MEP) index of India using Data Envelopment Analysis (DEA) approach. Six major macro indicators, namely, economic gr...

by Ranjan Kumar Mohanty | On 05 Oct 2017

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

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

by Ajay Chhibber | On 03 Oct 2017

East Asian Financial and Economic Development

Japan, an isolated, backward country in the 1860s, industrialized rapidly to become a major industrial power by the 1930s. South Korea, among the world’s poorest countries in the 1960s,joined the rank...

by Randall Morck | On 25 Sep 2017

Watching India's Insolvency Reforms: A New Dataset of Insolvency Cases

This paper introduces a new dataset of orders passed by the National Company Law Tribunal (NCLT) in the insolvency cases under the Insolvency and Bankruptcy Code or IBC. It builds this dataset to atte...

by Sreyan Chatterjee | On 18 Sep 2017

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

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

by Ashima Goyal | On 15 Sep 2017

Public Health Innovation and Intellectual Property Rights

The World Health Organization considered that its mission demanded it should play a part in this debate, with the objective of illuminating how intellectual property rights might affect public health...

by World Health Organisation (WHO) | On 14 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

Understanding the principles underlying the Philippine competition law

The culture of competition cultivates flexibility and adaptability that enable the economy to cope better with a constantly changing environment.

by Erlinda M. Medalla | On 07 Sep 2017

Return Migrants’ Perceptions of Living Conditions in Ethiopia: A Gendered Analysis

It is widely accepted that people migrate to seek better living opportunities, and migration experiences affect life conditions considerably upon return. Research focused on gendered perspectives has...

by Özge Bilgili | On 28 Aug 2017

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

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

by M. Singhi | On 24 Aug 2017

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

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

by Gagan Bihari Sahu | On 23 Aug 2017

Getting Punjab Agriculture Back on High Growth Path: Sources, Drivers and Policy Lessons

The study finds that among the many steps taken by the state, three interventions played the most important role in the state’s impressive performance in agriculture. They are irrigation facilities, a...

by Ashok Gulati | On 23 Aug 2017

Demonetisation: Macroeconomic Implications for Indian Economy

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

by Pradymna Rawat | On 09 Aug 2017

Scarcity at the End of the Month: First Results from a Field Experiment in Bangladesh

This paper reports results of a ?eld experiment designed to test how the timing of wage payments a?ects consumption and ?nancial behaviors. Salaried employees in a large manufacturing ?rm were paid a...

by Emily Breza | On 07 Aug 2017

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

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

by Ajay Kumar Choudhary | On 04 Aug 2017

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

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

by Samavia Batool | On 01 Aug 2017

Does Government Borrowing Crowd out Private Sector Credit in Pakistan

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

by Sajjad Zaheer | On 31 Jul 2017

The Impact of Skills Development Initiatives for Adolescents on Climate Adaptive Livelihoods in South-western Bangladesh

BRAC has implemented a pilot project titled ‘Skills Development Initiatives for Adolescents (SDIA) on climate adaptive livelihoods’in two districts of south-western Bangladesh to promote some agricult...

by Md Hasib Reza | On 26 Jul 2017

Stock Market Participation in the Aftermath of an Accounting Scandal

This paper studies the impact on investor behaviour of fraud revelation. The paper ask if investors with direct exposure to stock market fraud (treated investors) are more likely to decrease their par...

by Renuka Sane | On 22 Jul 2017

Asian Development Outlook (ADO) 2015 Supplement: Growth Prospects Soften for Developing Asia

The growth forecast for developing countries in Asia in 2015 is cut to 6.1% from 6.3%, amidst slower-than-expected economic activity in the United States and the People’s Republic of China.

by Asian Development Bank Institute | On 21 Jul 2017

Business Models to Realize the Potential of Renewable Energy and Energy Efficiency in the Greater Mekong Subregion

The report provides outlines of business models relevant to pursuing the renewable energy and energy efficiency targets adopted by the five Greater Mekong Subregion countries: Cambodia, the Lao People...

by Asian Development Bank Institute | On 20 Jul 2017

Renewable Energy Developments and Potential in the Greater Mekong Subregion

Renewable energy is a challenge, but also an opportunity for new industries, employment, and new ways to reduce dependency on fuel imports, provide electricity to poor remote areas, reduce air polluti...

by Asian Development Bank Institute | On 18 Jul 2017

Financial Soundness Indicators for Financial Sector Stability in Viet Nam

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

by Asian Development Bank Institute | On 07 Jul 2017

Wok Bung Wantaim: Using Subnational Government Partnerships to Improve Infrastructure Implementation in Papua New Guinea

This report examines how existing implementation structures established under ADB and National Government investment programs could be used to channel subnational government resources toward priority...

by Asian Development Bank Institute | On 15 Jun 2017

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

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

by Asian Development Bank Institute | On 02 Jun 2017

Asia Bond Monitor - September 2016

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

by Asian Development Bank Institute | On 23 May 2017

A Comparative Analysis of Tax Administration in Asia and the Pacific: 2016

The analysis and practical guidance provided in this report are based on surveys of revenue bodies conducted in 2014 and 2015, along with accompanying research of revenue bodies’ corporate documents,...

by Asian Development Bank Institute | On 22 May 2017

Risk Financing for Rural Climate Resilience in the Greater Mekong Subregion

This report presents the findings of a climate risk financing study conducted by the GMS Core Environment Program in 28 rural communities in Cambodia, the Lao People’s Democratic Republic, and Viet Na...

by Asian Development Bank Institute | On 22 May 2017

Uncovering Heterogeneity in the Relationship between Competition, Corporate Governance and Firm Performance using Quantile Regression on Indian Data

This paper investigates the relation between product market competition, corporate governance and firm performance in Indian manufacturing industries covering the period 2005-2015. Evidence suggests t...

by Indrani Chakraborty | On 19 May 2017

Assessment of Microinsurance as Emerging Microfinance for the Poor: The Case of the Philippines

The report says that the Government of the Philippines was engaged in delivery of subsidized credit programs. Since these programs were largely unsuccessful in meeting the objective of providing sus...

by Asian Development Bank Institute | On 08 May 2017

LED Street Lighting Best Practices - Lessons Learned from the Pilot LED Municipal Streetlight and PLN Substation Retrofit Project (Pilot LED Project) in Indonesia

The Pilot LED Project was successful in demonstrating significant savings and in developing new specifications for LED luminaires that focused on luminaire performance, quality of delivered illuminati...

by Asian Development Bank Institute | On 07 May 2017

The Emerging Indonesian Data Center Market And Energy Efficiency Opportunities

This study contributes to a growing body of research demonstrating that adoption of internationally available and well-proven energy efficiency measures can improve the effectiveness, sustainability...

by Asian Development Bank Institute | On 04 May 2017

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

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

by Renuka Sane | On 03 May 2017

Picking The Winner: Measuring Urban

This study provides a snapshot of the sustainability of selected Indian cities by employing 57 indicators in four dimensions to develop an overall city sustainability index. In recent years, its comp...

by B.Sudhakara Reddy | On 03 May 2017

Caste Connections and Government Transfers: The Mahadalits of Bihar

The category of Scheduled Castes, created for the purpose of affirmative action in India, is large, heterogeneous and unequal. In 2007, the state of Bihar classified the most disadvantaged among thi...

by Hemanshu Kumar | On 16 Feb 2017

Performance on Health Outcomes: A Reference Guide Book

It is anticipated that this health index will assist in State level monitoring of performance, serve as an input for providing performance based incentives and improvement in health outcomes, thereby...

by Niti Aayog GOI | On 18 Jan 2017

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

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

by Pratap Ranjan Jena | On 10 Jan 2017

Household Expenditure on Higher Education in India: What Do we Know and What do Recent Data Have to say?

Data from two recent NSSO surveys are analysed to provide estimates of expenditure on higher education and loans availed for higher education. The average share of expenditure on higher education out...

by S. Chandrasekhar | On 03 Jan 2017

Demonetization, the Cash Shortage and the Black Money

Demonetisation of INR 500 and INR 1,000 notes in India on November 8, 2016 is different from many other countries’ scrapping of high value notes in two respects – the withdrawal of their legal tende...

by Ashok K. Lahiri | On 02 Jan 2017

Modelling Corporate Sector Distress in India

The paper attempts to formulate a model to predict corporate financial distress of non-government non-financial public limited companies and estimate distressed bank debt due to the sample companies...

by Manjusha Senapathi | On 27 Dec 2016

Cost of Controlling Water Pollution and its Impact on Industrial Efficiency

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

by Asha Gunawardena | On 23 Dec 2016

Migration, Scientific Diasporas and Development: Impact of Skilled Return Migration on Development in India

The contemporary discourse on migration and development is starting to consider the agency role of both diaspora communities and highly skilled returnees on equal terms, and we can observe how several...

by | On 19 Dec 2016

Plan vs. Performance Winter Session – November 16 to December 16, 2016

This note lists the legislative business planned by Parliament and compares it with the actual performance during Winter Session 2016.

by Kusum Malik | On 19 Dec 2016

The Changing Contours of Inter group Disparities and the Role of Preferential Policies in a Globalizing World: Evidence from India

How persistent are traditional socioeconomic hierarchies in the face of marketization, significant structural shifts in the economy, and increased political representation of lower-ranked groups, and...

by Ashwini Deshpande | On 15 Dec 2016

Digital Payments: Step by Step Instructions for Various Modes of Payment-Cards, USSD, AEPS, UPI, Wallets

After the demonetization, it has become difficult to make payments through cash. How make digital payments is explained here. [MoEF].

by Niti Aayog GOI | On 14 Dec 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

Shortfall in Pulses

At a macro level the demand for pulses has declined across income groups and region types and the diet has diversified towards sourcing protein from processed foods and livestock. And yet, there is su...

by Aritra Chakrabarty | On 21 Nov 2016

Demonetisation: Impact on the Economy

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

by | On 17 Nov 2016

Regulatory Responsiveness in India: A Normative and Empirical Framework for Assessment

This paper seeks to measure the extent to which Indian regulators are responsive in the performance of their functions. The paper focuses on one function common to all Indian statutory regulators, na...

by Anirudh Burman | On 08 Nov 2016

A Stagnant Agriculture in Kerala: The Role of the State

The paper shows that disincentives generated by the successive governments in Kerala through imposing artificial barriers on the freedom of farmers and agricultural entrepreneurs resulted in the coll...

by Lekshmi R Nair | On 08 Nov 2016

The Effect of Changing Financial Incentives on Repartnering

This paper examines how a reduction in the financial resources available to lone parents affects repartnering. We exploit natural experiment that reduced the financial resources available to a subset...

by | On 18 Oct 2016

On Measuring Uncertainty: Snakes and Ladders

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

by | On 18 Oct 2016

Gender Quotas: Challenging the Boards, Performance, and the Stock Market

Comparing before and after the reform within firms, we find that quotas are associated with a higher share of female board directors, higher levels of education of board members, and a lower share of...

by | On 12 Oct 2016

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

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

by Paul Vandenberg | On 04 Oct 2016

Outward FDI, Exports and Technological Efforts: A Study of Indian Manufacturing Firms

In this study the hypotheses that the choice between OFDI and export decision of the firms depends on the firm level productivity is tested. Here, the productivity levels of OFDI firms vis a vis exp...

by Ronny Thomas | On 03 Oct 2016

Spillovers from FDI and Decision to Export by the Domestic Firms: The case of select Indian industries

Objectives of this paper are to empirically examine the roles of three channels of FDI liked spillovers in enabling domestic firms (DFs) to take decision to export (DTE). The findings suggest that c...

by Pradeep Kumar Keshari | On 03 Oct 2016

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

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

by Nadia Doytch | On 29 Sep 2016

Occupational Choice in Early Industrializing Societies: Experimental Evidence on the Income and Health Effects of Industrial and Entrepreneurial Work

As low-income countries industrialize, workers choose between informal self-employment and low-skill manufacturing. What do workers trade off, and what are the long run impacts of this occupational ch...

by Christopher Blattman | On 26 Sep 2016

Determinants of Outsourcing in the Automobile Sector in India

This study involves the determination of outsourcing based on the market structure technology imports and technical efficiency for the automotive sector in India. An important characteristic of this...

by Santhosh K. Sahu | On 26 Sep 2016

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

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

by Barney Glaser | On 22 Sep 2016

Do Men Matter to Female Competition Even When They Don’t?

A large literature attempts to identify factors that contribute to gender differences in performance and in the decision to compete. We exploit a highly competitive environment in which elite-female a...

by Erica G. Birk | On 22 Sep 2016

Asset Quality of Indian Banks: Way Forward

The Indian banks in general, and the Public Sector Banks (PSBs) in particular, are grappling with the huge stock of stressed assets that has piled up in the system over the years. Any amount of discus...

by N.S. Viswanathan | On 19 Sep 2016

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

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

by | On 19 Sep 2016

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

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

by | On 14 Sep 2016

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

ICT Investments and Growth of Small and Medium Firms: A Study of Food Processing Industry in India

The objective of the present study is to examine the effect of ICT investments on the sales growth of SMEs from the food processing industry in India. Secondary data is collected from the Prowess d...

by Navyashree G. R. | On 08 Sep 2016

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

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

by Deepthi Mary Mathew | On 07 Sep 2016

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

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

by Alan Gelb | On 01 Sep 2016

Picking the Winner: Measuring Urban Sustainability in India

This study provides a snapshot of the sustainability of selected Indian cities by employing 57 indicators in four dimensions to develop an overall city sustainability index. In recent years, its comp...

by B.Sudhakara Reddy | On 29 Aug 2016

Impact of Caregiver Incentives on Child Health: Evidence from an Experiment with Anganwadi Workers in India

This paper provides evidence of effectiveness for performance pay among government caregivers to improve child health in India. In a controlled study of 160 daycare centers serving over 4,000 children...

by | On 29 Aug 2016

ABCD of MSME Credit

According to MSME Ministry’s Annual Report for 2015-16, MSME sector in India today is a network of 51 million enterprises providing employment to 117.1 million persons and contributing 37.5 per cent...

by S.S. Mundra | On 29 Aug 2016

Large-Scale Migration and Remittance in Nepal: Issues, Challenges, and Opportunities

Almost half of all households have at least one migrant abroad or a returnee. Estimates of the number of Nepali migrants abroad vary widely, but the most frequently cited estimate, including seasonal...

by World Bank [WB] | On 25 Aug 2016

Microcredit Program Participation and Household Food Security in Rural Bangladesh

We use a relatively new and unique panel dataset collected from rural households in Bangladesh to examine the effect of microcredit program participation on household food security. The main distingui...

by | On 25 Aug 2016

Credit Surety Fund: A Credit Innovation for Micro, Small, and Medium-Sized Enterprises in the Philippines

Micro, small, and medium-sized enterprises are a backbone of the Philippine economy. One factor that hinders the growth of these enterprises is their difficulty in accessing finance from banks and o...

by Gary V Maningo | 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

Revisiting the Tax Compliance Problem using Prospect Theory

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

by R.Kavita Rao | On 17 Aug 2016

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

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

by | On 16 Aug 2016

The Dominant Borrower Syndrome: The Case of Pakistan

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

by Sajawal Khan | On 16 Aug 2016

Do Private Equity Funds Manipulate Reported Returns?

Private equity funds hold assets that are hard to value. Managers may have an incentive to distort reported valuations if these are used by investors to decide on commitments to subsequent funds manag...

by Gregory Brown | On 12 Aug 2016

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

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

by Sudha Narayanan | On 10 Aug 2016

Policy and Evidence

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

by Raghuram G. Rajan | On 03 Aug 2016

Cognitive Performance and Labour Market Outcomes

This paper uses information from the National Longitudinal Survey of Youth 1979 (NLSY79) and supplementary data sources to examine how cognitive performance, measured at approximately the end of secon...

by Dajun Lin | On 03 Aug 2016

Problems of Internal Migrants in India

Migration from one place to other place is common in India. Migration generally take place from developing state to developed state for education or in the search of employment but it also take place...

by | On 01 Aug 2016

Operational Guidelines: Pradhan Mantri Fasal Bima Yojana

Pradhan Mantri Fasal Bima Yojana (PMFBY) aims at supporting sustainable production in agriculture sector by way of providing financial support to farmers suffering crop loss/damage arising out of unf...

by Ministry of Agriculture GOI | On 28 Jul 2016

From participation to repurchase: Low-income households and micro-insurance

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

by Renuka Sane | On 26 Jul 2016

New Perspective on Youth Migration: Motives and Family Investment Patterns

Migration research commonly assumes that youth migrate as dependent family members or are motivated by current labor opportunities and immediate financial returns. These perspectives ignore how migrat...

by | On 25 Jul 2016

Roads to Innovation: Firm-Level Evidence from China

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

by Xu Wang | On 25 Jul 2016

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

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

by Zhao Chen | On 19 Jul 2016

The Impact of Micro-Credit on Employment: Evidence from Bangladesh and Pakistan

This paper examines the impact of micro-credit on employment. Household-level data was collected, following a quasi-experimental design, in Bangladesh and Pakistan. Three borrower groups are compared:...

by Azhar Kahn | On 19 Jul 2016

A More Sustainable Energy Strategy for India

This paper analyses what is possible as a low carbon scenario for India using India Energy Security Scenarios-2047 tool developed by the erstwhile Planning Commission and later refined by its successo...

by Montek Ahluwalia | On 19 Jul 2016

Livelihood of Local Communities and Forest Degradation in India: Issues for REDD+

The enforcement of The Forest Conservation Act, 1980 enabled the regulation of widespread diversions of forestland for non-forest uses, and hence put a check on deforestation. The changing priorities...

by | On 12 Jul 2016

Evolution of the insolvency framework for non-financial firms in India

In this paper, the evolution of the corporate insolvency resolution framework, with the objective of linking it back to the policy directive of the time is described. It is concluded that when policy...

by Rajeswari Sengupta | On 09 Jul 2016

All India Report on Input Survey 2011-12

The third phase of the Agriculture Census comprises the Input Survey. This survey provides valuable information on the pattern of usage of agricultural inputs such as chemical fertilizers, organic man...

by Department of Agriculture & Cooperation GOI | On 07 Jul 2016

Migration of Highly Skilled Persons From Developing Countries: Impact and Policy Responses

The synthesis report prepared by Professors Lowell and Findlay addresses the issues of the impact of high skilled emigration on developing countries, and the policy mixes and options available to both...

by | On 06 Jul 2016

Impact of Independent Directors’ Resignations on Firm’s Governance

Directors are liable for any act of omission or commission. They have a reputation to protect. While Independent directors might engage in passive monitoring; when apprised of a decision where the pro...

by Preet Singh | On 05 Jul 2016

Trends in Strategies and Performance of the Indian Corporate Sector: What has changed in two decades of economic reforms?

This paper documents strategies followed by firms in the last two decades and the resultant changes in business conditions. It is found that although the rate of growth of the industry sector has not...

by Rakesh Basant | On 04 Jul 2016

Resolving Stress in the Banking System

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

by Raghuram G. Rajan | On 29 Jun 2016

Evidence on Policies to Increase the Development Impacts of International Migration

International migration offers individuals and their families the potential to experience immediate and large gains in their incomes, and offers a large number of other positive benefits to the sendin...

by | On 28 Jun 2016

How Successful Are Banking Sector Reforms in Emerging Market Economies? Evidence from Impact of Monetary Policy on Levels and Structures of Firm Debt in India

In this paper investigates the success of banking reforms in India where significant banking reforms have been introduced since 1990s. Using the argument that well functioning credit markets would ref...

by Sumon Kumar Bhaumik | On 27 Jun 2016

Factors Determining the Roles Board Members Play in Firms

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

by Chitra Singla | On 27 Jun 2016

Executive Stock Options: Will it Work as a Good Governance Mechanism in all Scenarios?

In this paper, it is contended that ESoPs will not work as a good governance or mitigation mechanism in all types of firms. ESoPs can be an effective mitigation mechanism for a firm with dispersed own...

by | On 25 Jun 2016

Talent Management Systems in Indian Pharmaceutical Firms: Exploring an Emerging Typology

This study has explored the implementation of talent management process in pharmaceutical industry in India through a case study approach. Data was collected from top management and senior managers in...

by Kirti Sharda | On 24 Jun 2016

Antecedents and Consequences of Product Innovation : A Meta - Analytic Review

This study proposes a framework for product innovation to identify what strategies determine the drivers and outcomes of product innovation. Specifically, this meta-analytic study identifies key antec...

by Dheeraj Sharma | On 23 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

Migration and Remittances: Recent Developments and Outlook

According to the World Bank’s Migration and Remittances Factbook 2016, more than 250 million people, or 3.4 percent of the world population, live outside their countries of birth (Figure 1). The volum...

by | On 14 Jun 2016

Migrant Workers and the Welfare State

There is wide concern that migration flows may undermine the financial viability of generous welfare arrangements. The discussion focuses on welfare arrangements as attractors of migrants, suggesting...

by | On 14 Jun 2016

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

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

by | On 09 Jun 2016

Landed Property and Credit in Colonial India

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

by Anand Swamy | On 08 Jun 2016

Honor and Stigma in Mechanisms for Environmental Protection

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

by Prasenjit Banerjee | On 03 Jun 2016

Height and Cognition at Work: Labor Market Productivity in a Low Income Setting

This paper evaluates the relative importance of these mechanisms that potentially underly the link between adult stature and labor market productivity. Drawing on twelve waves of longitudinal survey...

by Daniel LaFave | On 31 May 2016

Impact of Social Risks on Indian Businesses

This report has tried identifying the various social risks associated with and caused by businesses and other players, that may have negative social impacts on the stakeholders associated with the fu...

by Oxfam India | On 27 May 2016

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

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

by Indrani Chakraborty | On 23 May 2016

Does Agricultural Credit Play Any Role in Reducing Rural Poverty in Bangladesh?

Since its independence the government of Bangladesh had taken various measures to reduce the intensity of poverty on rural people in Bangladesh. Therefore, the purpose of this study is to examine wh...

by Mahfuza Akther | On 20 May 2016

Plan vs. Performance Budget Session – February 23 to May 13, 2016

The Budget Session was originally planned to be held in two parts: from February 23 to March 16 and April 25 to May 13. However, at the end of March, the government decided to convert these into two...

by Kusum Malik | On 17 May 2016

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

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

by Rajesh Chadha | On 09 May 2016

Reforming Personal Insolvency Law in India

This paper motivates the need for a personal bankruptcy law, and study the existing Indian legal framework in the form of the Presidency Towns Insolvency Act, 1909 (PTIA) for Calcutta, Bombay and Mad...

by Siva Raman | On 02 May 2016

Analyzing the Impact of Global Financial Crisis on the Interconnectedness of Asian Stock Markets using Network Science

This study shows how 13 important stock markets in Asia namely, India, Bangladesh, Philippines, China, Japan, Indonesia, Malaysia, Singapore, Hong Kong, Pakistan, South Korea and Thailand...

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

Stitches to Riches? Apparel Employment, Trade, and Economic Development in South Asia

This report is aimed at better informing that debate by demystifying the global and South Asian apparel markets, estimating the potential gains in exports and jobs (including for women), and identify...

by Gladys Lopez Acevedo | On 29 Apr 2016

Issues in SME Financing

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

by | On 29 Apr 2016

The Copyright (Amendment) Act, 2012

An Act to amend the Copyright Act, 1957.

by Ministry of Law and Justice GOI | On 25 Apr 2016

Distortions in Land Markets and their Implications to Credit Generation in India

Land and buildings are a preferred collateral for lenders in India due to its ease of valuation and disposal in the event of default. Yet several distortions afflict Indian land markets that make thi...

by K.P. Krishnan | On 12 Apr 2016

Agriculture-Nutrition Linkages and Child Health in the Presence of Conflict in Nepal

This paper focuses on this agriculture-nutrition link in Nepal in the context of the country’s decade-long civil conflict. Using panel household data from the Nepal Living Standards Survey (NLSS), co...

by Elizabeth Bageant | On 30 Mar 2016

Global Energy Architecture Performance Index Report 2016

The Global Energy Architecture Performance Index Report 2016 ranks 126 countries on their ability to deliver secure, affordable and sustainable energy. The results of the global Energy Architecture Pe...

by World Economic Forum [WEF] | On 22 Mar 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

Labor Supply Models: Unobserved Heterogeneity, Nonparticipation and Dynamics

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

by Richard Blundell | On 21 Mar 2016

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

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

by Waqas Ahmed | On 21 Mar 2016

Co-operatives and Rural Development in India

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

by Katar Singh | On 20 Mar 2016

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

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

by Asian Development Bank Institute | On 17 Mar 2016

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

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

by Asian Development Bank Institute | On 17 Mar 2016

Integrating SMEs into Global Value Chains Challenges and Policy Actions in Asia

The opportunities for SMEs in global value chains are enormous. Participation in value chains exposes them to a large customer/buyer base, as well as opportunities to learn from large firms and from e...

by Asian Development Bank Institute | On 17 Mar 2016

Do Foreign Banks in India Indulge in Cream Skimming?

Foreign banks in developing countries are often found to indulge in cream skimming, a lending strategy that targets only wealthy segments of the credit market and exclude small and marginal borrowers...

by Mandira Sarma | On 16 Mar 2016

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

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

by Alokesh Barua | On 15 Mar 2016

The Role of Services in Enhancing Indian Manufacturing Exports: A Firm Level Analysis, 2000-01 to 2011-12

This paper tries to examine and assess the contribution of services towards India’s manufacturing exports at the firm level. The findings confirm that services have contributed to enhanced export comp...

by Sonia Mukherjee | On 15 Mar 2016

Corporate Governance, Competition and Firm Performance: Evidence from India

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

by Manoj Pant | On 15 Mar 2016

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

The 1997 Asian financial crisis and the 2008 global financial and economic crisis further demonstrated the importance of financial stability. Both crises showed how balance sheets of financial institu...

by Asian Development Bank Institute | On 15 Mar 2016

The National System of Technical Vocational Education and Training in the Philippines: Review and Reform Ideas

The role of the National System of Technical Vocational Education and Training (NSTVET) is critical in skill upgrading and development. The rapidly changing technology highlights this need even more....

by Aniceto C. Orbeta, Jr. | On 14 Mar 2016

The Housing Market and Housing Policies in Japan

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

by Masahiro Kobayashi | On 14 Mar 2016

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

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

by Panchanan Das | On 14 Mar 2016

Corporate Governance and Product Market Competition

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

by Ekta Selarka | On 13 Mar 2016

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

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

by Sreejata Banerjee | On 13 Mar 2016

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

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

by Saumitra N Bhaduri | On 13 Mar 2016

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

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

by Madhuri Saripalle | On 13 Mar 2016

Bombings in Myanmar: New Impetus for Community Engagement

A series of recent bombings in Myanmar reveal how complex business interests can derail the peace process and put into jeopardy the country’s democratic transition. Police reports attributed the bombi...

by | On 12 Mar 2016

Careful Stewardship: Managing Myanmar's Bumpy Road Ahead

Myanmar’s transition process has proceeded apace with significant results already achieved. However, bumps are to be expected on the road ahead which may temporarily throw Myanmar off track. Thus ther...

by | On 12 Mar 2016

Biofuel Feedstock Cultivation in India: Implications for Food Security and Rural Livelihoods

Biofuels are acquiring importance due to their potential to mitigate greenhouse gas emissions. The two most important biofuels – viz., bioethanol and bio-diesel, are largely considered supplementary t...

by K.S. Kavi Kumar | On 11 Mar 2016

Mergers and Acquisitions in the Indian Pharmaceutical Sector

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

by Nikita Agarwal | On 11 Mar 2016

Related Party Transactions and Stock Price Crash Risk: Evidence from India

Related Party Transactions disclosures in Annual Reports have recently gained more attention of the Indian policymakers. This paper aims at finding out the effect of related party transactions disclos...

by Subhra Choudhury | On 10 Mar 2016

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

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

by Ekta Selarka | On 10 Mar 2016

An Introduction to the 1998-99 Pakistan Socioeconomic Survey (PSES)

This brief paper is quite focused. It describes the methodology and scope of the household survey carried out by the PIDE between March and July 1999, with an aim to generate nationally representative...

by G. M. Arif | On 10 Mar 2016

Collective Market-Making Efforts at an Engineering Conference

This paper advances research on institutional work in market constitution processes. I show how purposive, coordinated action is organized under conditions of uncertainty through practices of renderin...

by | On 09 Mar 2016

The Transcending Power of Goods: Imaginative Value in the Economy

What do we value? For markets to operate and for economies to grow, producers must attract purchasers to the products they offer. In advanced capitalist economies, market saturation and decline of dem...

by Jens Beckert | On 09 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

Unraveling Firms: Demand, Productivity and Markups Heterogeneity

The paper develops a new econometric framework that simultaneously allows recovering heterogeneity in demand, TFP and markups across firms while leaving the correlation among the three unrestricted. W...

by Emanuele Forlani | On 09 Mar 2016

Swimming Upstream: Input-output Linkages and the Direction of Product Adoption

Multiproduct firms dominate production, and their product turnover contributes substantially to aggregate growth. Firms continually adapt their product mix, but what determines which products firms ex...

by Johannes Boehm | On 09 Mar 2016

Agricultural Growth and Decomposition of Crop Output in Gujarat: Recent Trends

The growth story of Gujarat’s agriculture has received significant recognition (with around 10 percent growth rate in recent years) and is often being hailed as a role model for other states to follow...

by Itishree Patnaik | On 09 Mar 2016

Fighting Corruption: A Test Case for Indonesia ... and Southeast Asia

Recent anti-corruption efforts by Indonesia have once again brought attention to the longstanding issue of corruption. Indonesia established the Corruption Eradication Commission or the KomisiPemberan...

by S. Rajaratnam International Studies | On 05 Mar 2016

New Institutional Developments In ASEAN: Towards A More Effective (Genuine) Security Architecture?

The recent establishment of the ASEAN Defence Ministers’ Meeting-Plus (ADMM-Plus) as an integral part of the ADMM, a forum created in 2006 as a means of fostering defence and security dialogue and coo...

by | On 02 Mar 2016

Thai Floods – What Effect on Rice?

Thailand’s worst floods in decades have caused over 350 deaths, and are inflicting extensive damage to much of the country’s land, crops, livestock, infrastructure, housing and industrial areas. An es...

by S. Rajaratnam International Studies | On 02 Mar 2016

Access to Nutrition Index: Global Index 2016

ATNI is a global initiative that evaluates the largest food and beverage manufacturers’ policies, practices and disclosure related to all types of poor nutrition. It provides companies with a tool to...

by Access to Nutrition Index (ATNI) | On 01 Mar 2016

Do Exporting Firms in the People’s Republic of China Innovate?

This paper undertakes econometric analysis of innovation, learning, and exporting in automobiles and electronics firms in the PRC using a large-scale dataset to identify the most appropriate innovatio...

by Ganeshan Wignaraja | On 29 Feb 2016

The Future of Australia's Productivity: Some Insights from Productivity Analysis

The Productivity Commission program of studies on the productivity of different sectors — to date, Mining, Electricity, gas and water, and Manufacturing — provide some insight into what lies behind th...

by Jenny Gordon | On 29 Feb 2016

"Direct Access" to Climate Finance: Lessons Learned by National Institutions

Implementation of the Adaptation Fund and GCF direct access modalities is still in a relatively early stage. (The Adaptation Fund accredited its first implementing entities in 2010; the GCF did so in...

by Indira Masullo | On 29 Feb 2016

Growth Pole Programme For Unorganised Sector Enterprise Development

Government of India constituted the National Commission for Enterprises in the Unorganised Sector (NCEUS) in September 2004 as an advisory body and a watchdog for the informal sector to bring about im...

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

India'a Services Sector: Performance, Some Issues and Suggestions

This paper examines the performance of India’s services sector; the recent policy reforms in some important services sectors; issues and suggestions in services sector and in particular the four impor...

by H.A.C. Prasad | On 29 Feb 2016

Price Discovery and Volatility on NSE Futures Market

This paper studies price discovery and volatility in the context of introduction of Nifty futures at the National Stock Exchange (NSE) in June 2000. Cointegration and Generalised Auto Regressive Cond...

by M. T. Raju | On 28 Feb 2016

Women in Southeast Asia: From Equality to Development

2015 marks the 20th anniversary of the United Nations Conference on Women, held in Beijing in September 1995. While the world takes stock of how far we have come in terms of acknowledging women’s righ...

by S. Rajaratnam International Studies | On 27 Feb 2016

Rising Milk Price – A Cause for Concern on Food Security

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

by S. Rajeshwaran | On 27 Feb 2016

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

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

by Murali Patibandla | On 27 Feb 2016

Economic Survey 2015-16-Volume II

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

by Arun Jaitley | On 26 Feb 2016

Indirect Inference for Dynamic Panel Models

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

by Christian Gourieroux | On 25 Feb 2016

ASEAN Petroleum Security Agreement: Sealed or Leaking?

The ASEAN Petroleum Security Agreement signed recently in Thailand marks a milestone for ensuring regional energy security by including a provision for voluntary oil stockpiles. However, mandatory, as...

by | On 25 Feb 2016

Indian Railway Budget Speech 2016-17

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

by Suresh Prabhakar Prabhu | On 25 Feb 2016

Trade Policy at the Cross-Roads

It is now widely agreed that the World Trade Organization (WTO) is in trouble, struggling to deliver the national rewards available from liberalising through multilateral negotiations. Prime Minister...

by Bill Carmichael | On 25 Feb 2016

The US and Myanmar: Moving into a New Phase

At the recent United Nations general debate, US President Barack Obama outlined his vision for US foreign policy, making a clear break with the previous administration. The shift has significant impli...

by | On 24 Feb 2016

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

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

by Widjajanti Suharyo | On 24 Feb 2016

A Critical Analysis of Purchasing of Health Services in the Philippines: A Case Study of PhilHealth

This study is a critical analysis of health services purchasing undertaken by Phil Health which implements the National Health Insurance Program of the Philippines. Purchasing is about how an institut...

by Oscar F. Picazo | On 24 Feb 2016

Scaling Up Carbon Finance in India

India’s performance in the early carbon market are analysed, and proposes a series of actions to be undertaken by both the Government of India, and the private sector, if India is to take full advanta...

by World Bank | On 24 Feb 2016

Agricultural Contracts in Mindanao: the Case of Banana and Pineapple

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

by Larry Digal | On 23 Feb 2016

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

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

by Justin Yifu Lin | On 23 Feb 2016

Post-Crisis Investment Performance Of ASEAN Countries: Impact Of FDI

The paper studies the post-Asian crisis investment performance of crisis affected countries in ASEAN. The empirical evidence clearly indicates that the ASEAN and East Asian countries are emerging from...

by Aekapol Chongvilaivan | On 23 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

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

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

by Maria Pinglo | On 21 Feb 2016

The Economic Effects of a Borrower Bailout Evidence from an Emerging Market

This paper studies the credit market implications and real effects of one the largest borrower bailout programs in history, enacted by the government of India against the backdrop of the 2008–2009 fin...

by Xavier Giné | On 21 Feb 2016

Does Conservation Agriculture Deliver Climate Change Mitigation Through Soil Carbon Sequestration in Tropical Agro-Ecosystems?

Conservation agriculture (CA), comprising minimum soil disturbance, retention of crop residues and crop diversification, is widely promoted for reducing soil degradation and improving agricultural sus...

by David Powlson | On 19 Feb 2016

A Comparative Study Of Mergers And Acquisitions By Privately- And State-Owned Enterprises

Governments have become much more welcoming towards foreign investors over the past several decades. The widespread use of screening, performance requirements, and outright restrictions on foreign own...

by Michael Gestrin | On 19 Feb 2016

Heterogeneity in Returns to Work Experience: A Dynamic Model of Female Labor Force Participation

This paper provides structural estimates of heterogeneous returns to work experience for Japanese married women. A dynamic model of labor force participation is used to account for dynamic selfselecti...

by Ken Yamada | On 19 Feb 2016

Gender perspectives in urban planning

Ana Falú from the National University of Cordoba – and the Coordinator of the UN-Habitat UNI Gender Hub – in this lecture discusses urban planning from a gender perspective, with emphasis on both who...

by | On 19 Feb 2016

Stock Market Liberalisations in the South Asian Region

It has long been realised that factor accumulation and technological development are only proximate causes of economic development, and focus has now shifted to investigating the ‘deeper determinants’...

by Fazal Husain | On 18 Feb 2016

Enhancing Forage Integration And Access For Smallholder Livestock Production

In the upland areas of Southeast Asia, most smallholder farmers keep animals. Buffalo provide a traditional source of draught power for land preparation or transport, and animal manure is often used t...

by Research Consultative Group on International Agricultural | On 18 Feb 2016

Food Security: What It Means for a Food-Importing Country

Most countries depend on three “food taps” – imports, self-production, reserve stocks – to make food available. All countries import some amount of food to meet their increasingly diverse dietary dema...

by | On 17 Feb 2016

Volatility Spillover between the Stock Market and the Foreign Market in Pakistan

The paper examines the volatility spillover between the stock market and the foreign exchange market in Pakistan. For the longrun relationship we use the Engle Granger two-step procedure and the volat...

by Abdul Qayyum | On 17 Feb 2016

The Relationship between Corporate Governance Indicators and Firm Value: A Case Study of Karachi Stock Exchange

It is investigated whether differences in quality of firm-level corporate governance can explain the firm-level performance in a cross-section of companies listed at Karachi Stock Exchange. Therefore,...

by Attiya Y. Javid | On 17 Feb 2016

Agriculture’s Contribution To National Emissions

Agriculture is an important source of greenhouse gas emissions globally, but how do emissions differ among countries? The relative contribution of agriculture to countries’ emissions budgets can infor...

by Meryl Richards | On 17 Feb 2016

Indonesia’s Foreign Domestic Workers: Dilemma of Not Working Overseas

While the United Nations takes stock of how far women have come in getting women’s rights acknowledged as human rights, Indonesia wants to stop sending women out of the country as foreign domestic wor...

by | On 16 Feb 2016

An ASEAN Nuclear Crisis Centre: Preparing for a Technological Disaster in Southeast Asia

As some Southeast Asian countries consider using nuclear energy, the region should now be preparing a regional nuclear emergency response, incorporating technological and nuclear emergencies into its...

by | On 16 Feb 2016

Impact of Export Subsidies on Pakistan’s Exports

Throughout Pakistan’s history, policy has sought to promote exports through government support and incentives. The government machinery is geared to export promotion especially through direct and indi...

by Nadeem Ul Haque | On 16 Feb 2016

International Competitiveness— Where Pakistan Stands?

This paper attempts to assess the position of Pakistan in the International Competitiveness. As a survey paper, the concept, definition and the measurement of competitiveness have been analysed furthe...

by Uzma Zia | On 16 Feb 2016

Exchange Market Pressure and Monetary Policy: Evidence from Pakistan

The study employs Girton and Roper (1977) measure of exchange market pressure—sum of exchange rate depreciation and foreign reserves outflow, to examine the interaction between exchange market pressur...

by M. Idrees Khawaja | On 16 Feb 2016

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

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

by Yothin Jinjarak | On 16 Feb 2016

Towards “Trade Policy Analysis 2.0”: From National Comparative Advantage to Firm-Level Trade Data

This paper makes the case for the need to “upgrade” current analytical tools used for trade policy analysis and complement them with more detailed firm-level data. Such an upgrade should be based on t...

by Lucian Cernat | On 16 Feb 2016

The Taylor Rule and the Macroeconomic Performance in Pakistan

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

by Wasim Shahid Malik | On 15 Feb 2016

Stock Market Reaction to Catastrophic Shock: Evidence from Listed Pakistani Firms

This study examines the effect of the earthquake of October 8, 2005 on the price behaviour and activities of Karachi Stock Exchange (KSE). Sixty firms are selected from those listed on Karachi Stock E...

by Attiya Y. Javid | On 15 Feb 2016

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

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

by Sayera Younus | On 15 Feb 2016

Impact Assessment of Bangladesh Bank's Re-finance Scheme for Financing Agricultural & Non-farm Rural Borrowers of Bangladesh Krishi Bank and Rajshahi Krishi Unnayan Bank

The main objective of this study report is to find out the impact(s) of the refinance scheme of Bangladesh Bank (BB) through comparing the economic well-being of the target group people who have taken...

by Md. Julhas Uddin | On 15 Feb 2016

Basel II and Bangladesh: The Challenges Ahead

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

by Md. Kabir Ahmed | On 15 Feb 2016

Monetary Policy and Capital Market Development in Bangladesh

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

by Shubhasish Barua | On 15 Feb 2016

Corporate Governance: An essential mechanism to curb malpractices by Organizations

The corporate governance mechanisms are market, institution and legal settings that protect outside investors from opportunistic behavior of managers or controlling shareholders. In the absence of suc...

by M. Bakhtear Uddin Talukdar | On 15 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

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

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

by | On 11 Feb 2016

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

Matching Skills and Labour Market Needs: Building Social Partnerships for Better Skills and Better Jobs

Skills are critical assets for individuals, businesses and societies. Matching skills and jobs has become a high-priority policy concern, as mismatches, occurring when workers have either fewer or mor...

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

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

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

by Marco Alfano | On 11 Feb 2016

Trade Policy Options for Sustainable Oceans and Fisheries

With 37% of fish harvest exported as food for human consumption or in non-edible forms, trade policies and measures constitute an essential part of the overall policy framework needed to support susta...

by | On 08 Feb 2016

The Second Report on the State of the World’s Animal Genetic Resources for Food and Agriculture

This report updates the global assessment provided in the first report on The State of the World’s Animal Genetic Resources for Food and Agriculture, published in 2007. It focuses particularly on chan...

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

Corporate Governance in Pakistan: Corporate Valuation, Ownership and Financing

In this study the relationship between corporate governance and corporate valuation, ownership structure and need of external financing for the Karachi Stock Market is examined for the period 2003 to...

by Attiya Y. Javid | 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

Market Imperfections and Dividend Policy Decisions ofManufacturing Sector of Pakistan

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

by Darakhshan Younis | On 03 Feb 2016

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

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

by Malik Muhammad Shehr Yar | On 03 Feb 2016

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

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

by Haider Ali | On 03 Feb 2016

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

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

by Abdul Qayyum | On 03 Feb 2016

Effect of Credit Rating on Firm Performance and Stock Return: Evidence form KSE Listed Firms

This study investigates the determinants of credit ratings of firms and the impact of credit rating on firms’ performance and stock return for listed firms in Pakistan. For empirical analysis of this...

by Rubina Shaheen | On 03 Feb 2016

The Global Financial Crisis and Investors' Behaviour: Evidence from the Karachi Stock Exchange

The present study empirically examines the short term under and overreaction effect in the Karachi Stock Exchange, Pakistan, in the context of the 2008 Global Financial Crisis considering the period f...

by Asiya Sohail | On 03 Feb 2016

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

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

by Haris Arshad | On 03 Feb 2016

An Analysis of Accrual Anomaly in Case of Karachi Stock Exchange

This study investigates the existence of accrual anomaly by using a sample of 340 non-financial firms listed at Karachi Stock Exchange. The objective of the study is to examine the persistence of th...

by Jawad Mohammad | 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

The Determinants of the Turkish Position towards the Syrian crisis: The Immediate Dimensions and Future Repercussions

This research paper aims at studying the elements determining the Turkish position towards the Syrian crisis, especially in the period ranging from the start of the protests in mid-March 2011 to the b...

by Ali Bakir | On 02 Feb 2016

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

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

by Deb Kusum Das | On 02 Feb 2016

Research Imperatives for the Indian Banking Sector

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

by S.S. Mundra | On 01 Feb 2016

Policies for Industrial Learning in China and Mexico

In this paper a comparative analysis of the role of government policies in industrial learning and the development of capabilities of indigenous firms in Mexico and China in order to shed light on why...

by Kevin P. Gallagher | On 31 Jan 2016

Global Food Stamps: An Idea Worth Considering?

In this paper, Prof. Tim Josling analyses whether an international scheme for targeted consumer food subsidies could represent a practical contribution to overcoming food insecurity in developing coun...

by | On 30 Jan 2016

Food Reserves in Developing Countries: Trade Policy Options for Improved Food Security

Agricultural prices, along with the prices of primary commodities in general, have been both high and volatile over 2006-11. These developments impact the poor and other vulnerable non-farm households...

by | On 30 Jan 2016

Agricultural Trade and Food Security: Some Thoughts about a Continuous Debate Food Reserves in Developing Countries: Trade Policy Options for Improved Food Security

Previous agricultural trade negotiations were conducted when global prices were lower. They focused on policies that artificially expanded supply in some countries, or reduced demand in other countrie...

by | On 30 Jan 2016

Are Trade Openness and Financial Development Complementary?

Trade liberalization and financial deepening have assumed greater significance for a country’s economic growth performance in recent times. This paper finds that trade openness and financial developme...

by Ram Upendra Das | On 30 Jan 2016

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

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

by Shoaib Ali | On 30 Jan 2016

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

The Impact of Formal and Informal Institutions on Economic Performance: A Cross-Country Analysis

This study is an attempt to understand the relative contribution of culture and economic freedom to economic growth. Through applying fixed effect to the panel of fifty four developed, developing and...

by Yasir Khan | On 30 Jan 2016

Women's Leadership and Corporate Performanace

Is leadership diversified in Asian corporate boardrooms? How is gender diversity in corporate leadership associated with financial performance? What is the magnitude of potential gain by allocating hu...

by Meijun Qian | On 30 Jan 2016

Vulnerability Indicators for Aid Allocation

Any donor has a model for allocating assistance to developing countries. The model is implicit, most often so for bilateral donors, or explicit, most often so for international institutions. Why this...

by Patrick Guillaumont | On 28 Jan 2016

Post-2015 International Development Agenda in the Context of Interlocking Trade and Financing in the LDCs

The adoption of the ambitious post-2015 agenda centring on the Sustainable Development Goals (SDGs) at the United Nations (UN) in New York in September marks an opportune moment to suggest development...

by | On 28 Jan 2016

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

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

by Colm Harmon | On 28 Jan 2016

Global Regulatory Imperatives and Small Firms: Case of the Indian Pharmaceutical Industry

This paper enquires into the implications of the technological paradigm shift for small enterprises. Those who would not consider conforming to the regulatory framework (specifically enlisted under...

by Keshab Das | On 28 Jan 2016

Oilseeds and Pulses in Indian Agriculture: A Review of Development Policy and Production Performance

The study finds that a high order of technology and yield gap exists and indicates that there is enormous scope to accelerate the pace of growth in the production of both oilseeds as well as pulses....

by B.L. Kumar | On 28 Jan 2016

Competition and Response in Small Firm Clusters: Two Cases from Western India

This paper addresses the different firm level strategies adopted to face up to the pressures of competition by two industrial clusters in the highly industrialised state of Gujarat. The overwhelming p...

by Keshab Das | On 28 Jan 2016

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

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

by | On 28 Jan 2016

Synthesis of Important Discussions on Microfinance and Livelihood Support to Small and Marginal Farmers

This publication incorporates all the discussions on marginal and small farmers such as micro financing for agricultural value chains, MahilaKisanSashaktikaranPariyojna, MF for small farmers through e...

by United Nations Development Programme (UNDP) | On 27 Jan 2016

Financing for Farmer Producer Organisations (FPOs)

The policy paper examines the financing for Farmer Producer Organisations and offers recommendations to initiate discussion by the policymakers, financiers and practitioners to design appropriate poli...

by United Nations Development Programme (UNDP) | On 27 Jan 2016

Small World of Inter-Firm Network and Firm's Acquisition Behaviour

This study finds that the inter-firm network in India on account of director interlocks is a small world and the network has become more integrated since the introduction of corporate governance regul...

by | On 27 Jan 2016

Overcoming the Challenges of Urban Food and Nutrition Security

Despite the high contribution of urban areas to the Gross Domestic Product (GDP), urban poverty and nutrition security in India remains a challenge. Poor infrastructure, high unemployment, poor state...

by M. S. Swaminathan Research Foundation | On 26 Jan 2016

Analysis of Agricultural Performance of Andhra Pradesh and Orissa: 1960-61 to 2005-06

Persistent inter-state disparity in terms of economic and agricultural growth has emerged as a key issue in recent discussions of development policy. he present paper examines the factors that influen...

by Itishree Patnaik | On 26 Jan 2016

Power to Women through Finance: Revisiting the Microfinance Promise

The relationship between women’s access to credit and their empowerment is a theme that seems to have lost much of its sheen and sharpness during the phase of commercialization of microfinance in Indi...

by Tara Nair | On 26 Jan 2016

Decentralisation in India: A Review of Panchayati Raj Institutions in Gujarat

This paper examines how the decentralisation process has evolved over time in India from the ancient times through to the British regime to modern era. It focuses specifically on Panchayati Raj Instit...

by Madhusudan Bandi | On 25 Jan 2016

Nexus among Output, Inflation and Private Sector Credit in Bangladesh

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

by Sayera Younus | On 23 Jan 2016

Volatility of Stock Return in the Dhaka Stock Exchange

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

by Md. Habibour Rahman | On 23 Jan 2016

Prospects and Challenges of Bond Market Development in Bangladesh

The thin bond market in Bangladesh faces manifold challenges emanating from several sources including excessive reliance on bank credit, government debt instruments dominated by primary auction based...

by Md. Akhtaruzzaman | On 23 Jan 2016

The SLR as a Monetary Policy Instrument in Bangladesh

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

by Sayera Younus | On 23 Jan 2016

Issues of South Asian Security, and the China Factor

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

by | On 23 Jan 2016

Economic Growth In South Asia: Role Of Infrastructure

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

by Ranjan Kumar Dash | On 23 Jan 2016

UNHRC Resolution and Sri Lanka’s ‘Domestic Mechanism’: Accountability for Human Rights Violations

Following the recent United Nations Human Rights Council (UNHRC) resolution on Sri Lanka, the Sirisena Government has embarked on a process of establishing a ‘domestic mechanism’. It is imperative to...

by | On 22 Jan 2016

Import Penetration And Price-Cost Margins In Indian Manufacturing Industries

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

by Bishwanath Goldar | On 22 Jan 2016

Expanding Education Opportunities Expanding Education Opportunities Delhi’s SC/ST tution fee reimbursement scheme

The Department for the Welfare of SC/ST/OBC/Minorities introduced the SC/ST tuition-fee reimbursement scheme in 2003-2004 for SC and ST students of Delhi enrolled in recognized unaided private schools...

by | On 22 Jan 2016

Results of the Methodological Studies for Agricultural and Rural Statistics

This report summarizes outcomes of collaboration between ADB and implementing agencies of Bhutan, Lao People’s Democratic Republic, the Philippines, and Viet Nam to address gaps in the production of a...

by Asian Development Bank Institute | On 22 Jan 2016

Quantifying the International Bilateral Movements of Migrants

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

by | On 20 Jan 2016

Disability and the Millennium Development Goals

Over one billion people around the world live with a disability. However, disability issues are not included in any of the Millennium Development Goals, targets or indicators, thereby representing a l...

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

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

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

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

Return of Diasporas: India’s Growth Story vs. Global Crisis

The Indian Diaspora has a powerful influence on the global community where Indians constitute a diverse and a heterogeneous group that shares Indian origin and intrinsic values. Earlier migration was...

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

Openness and Technological Innovation in East Asia: Have They Increased the Demand for Skills?

This paper asks whether the increased openness and technological innovation in East Asia have contributed to an increased demand for skills in the region. We explore a unique firm level data set acros...

by Rita Almeida | On 19 Jan 2016

Does Gender Matter for Firm Performance? Evidence from Eastern Europe and Central Asia

Using 2005 firm level data for 26 ECA countries, this paper estimates performance gaps between male- and female-owned businesses, while controlling for their location by industry and country. We find...

by Shwetlena Sabarwal | On 19 Jan 2016

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

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

by Reserve Bank of India RBI | On 18 Jan 2016

Globalization, Brain Drain and Development

This paper reviews four decades of economics research on the brain drain, with a focus on recent contributions and on development issues. We first assess the magnitude, intensity and determinants of t...

by Frédéric Docquier | On 14 Jan 2016

Double Bubble Trouble

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

by T.N. Ninan | On 08 Jan 2016

Thailand Industrialization and Economic Catch-Up Country Diagnostic Study

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

by Asian Development Bank Institute | On 07 Jan 2016

Banking Crises and 'Japanization': Origins and Implications

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

by Masahiro Kawai | On 07 Jan 2016

Antibiotics on the Farm: Agriculture’s Role in Drug Resistance

The evidence that antibiotic use in agriculture creates a pool of resistant bacteria in farm animals is not in dispute. The key questions relate to the magnitude of the risk to human health, and the p...

by | On 06 Jan 2016

Contribution of Different Tests in Selection

The Centre for Policy Research has, during the previous years conducted a number of examinations for assisting various public undertakings in finding suitable candidates to fill in posts both at the c...

by K. Garg | On 05 Jan 2016

Indonesia Local Economic Governance Index, 2007

This year's Indonesia Local Economic Governance Survey provides a fascinating look into the dynamics of local governance and business development in Indonesia nearly a decade after regional autonomy....

by The Asia Foundation | On 02 Jan 2016

Survey on Good Local Governance

The Survey on Good Local Governance is a 38-item survey that aims to obtain a broader data to help set the agenda for local government reforms in the Philippines. It covers the following: citizen perc...

by The Asia Foundation | On 02 Jan 2016

Democracy in Indonesia A Survey of the Indonesian Electorate 2003

This report presents the findings of The Asia Foundation’s third national survey of the ndonesian electorate. The aim of the research was to assess voter knowledge and opinion, and to identify key iss...

by The Asia Foundation | On 02 Jan 2016

Summary of Indonesia's Agriculture, Natural Resources, and Environment Sector Assessment

Indonesia is a net importer of grains, horticulture and livestock produce. The instability of food prices since 2008 has led to a renewed emphasis on food security. Despite increasing food crop produc...

by Victor Pontines | On 01 Jan 2016

Open Educational Resources: Enhancing Education Provision and Practice

Open educational resources made their appearance in early 2002 as a promising tool for enhancing the quality of and access to education and were perceived to have the potential to reduce costs by reus...

by Jouko Sarvi | On 01 Jan 2016

Service Sector Productivity and Economic Growth in Asia

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

by Jong-Wha Lee | On 30 Dec 2015

Water and People: A National Perspective Mitti Aur Pani Mein Sona Hai

The failures of water management have been extensively studied and reviewed and the shortcomings are listed.

by Ravi Chopra | On 29 Dec 2015

Myanmar’s Agriculture Sector: Unlocking the Potential for Inclusive Growth

Myanmar’s agriculture sector offers substantial unexploited potential to underpin the country’s inclusive economic development. With extensive land, water, and labor resources, as well as proximity to...

by Jindra Samson | On 29 Dec 2015

Financial Health and Firm Productivity: Firm-Level Evidence from Viet Nam

This paper empirically investigates whether financial health shores up firm productivity. It presents productivity as another driving factor in translating financial development into real economic pro...

by Shandre Thangavelu | 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

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

Why Do SMEs Not Borrow More from Banks? Evidence from the People's Republic of China and Southeast Asia

This study examines the relationship between firm characteristics and borrowing from commercial banks by small and medium-sized enterprises (SMEs) in the People's Republic of China (PRC) and five Sout...

by Ganeshan Wignaraja | On 24 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

An Impact Evaluation of Investment in Infrastructure: The Case of the Railway Connection in Uzbekistan

The objective of this paper is to examine the nature and magnitude of the effects of infrastructure provision on regional economic performance. The empirical evidence of our analysis is based on diffe...

by Umid Abidhadjaev | On 23 Dec 2015

State Capacity for Pro-Poor Delivery: Constructing Ownership, Forging Accountability

Severe chronic poverty persists in India, partly because of the poor capacity of the state in India to provide for its poor. An action research project, underway in five poorest districts in the count...

by Sajjad Hassan | On 23 Dec 2015

Capital Structure, Ownership and Crisis: How Different Are Banks?

Employing data for 1992-2012, the article examines the factors affecting the capital structure of publicly listed Indian banks from a corporate finance perspective and compares the findings by exploit...

by Goutam Chatterjee | On 22 Dec 2015

Gender and Financial Inclusion through the Post

Women form a disproportionately large share of the world’s unbanked population. Gender inequalities in employment and earnings mean that women have lower incomes, making them less able to open account...

by | On 21 Dec 2015

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

Teacher Incentives: Evidence from Schools in Delhi

The paper reports on existing incentive structures in a sample of government and private schools in Delhi and elicits teachers’ perspectives on factors which motivate them. It is found that performanc...

by | On 21 Dec 2015

Managing the Family Firm: Evidence from CEOs at Work

We develop a new survey instrument to codify CEOs’ diaries in large samples and use it to measure the labor supply of 1,114 family and professional CEOs of manufacturing firms across six countries...

by Oriana Bandiera | On 18 Dec 2015

World Population Prospects: The 2015 Revision

Understanding the demographic changes that are likely to unfold over the coming years, as well as the challenges and opportunities that they present for achieving sustainable development, is important...

by UN Department of Economic and Social Affairs UNDESA | On 17 Dec 2015

Nepal: A Failing State or a State in Transition?

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

by Oliver Housden | On 17 Dec 2015

Why Minimum Wage Increases Are a Poor Way to Help the Working Poor

Minimum wage increases are not a very effective mechanism for reducing poverty. They are not related to decreases in poverty rates. They can cost some low-income workers their jobs. And most minimum w...

by Richard Burkhauser | On 16 Dec 2015

China's Fitful Economic Reforms

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

by Eswar Prasad | On 16 Dec 2015

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

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

by Meenakshi Rajeev | On 16 Dec 2015

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

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

by Dr. Sayera Younus | On 15 Dec 2015

World Report on Ageing and Health

The World report on ageing and health outlines a framework for action to foster Healthy Ageing built around the new concept of functional ability. Making these investments will have valuable social an...

by World Health Organisation (WHO) | On 03 Dec 2015

Look to the Forests: How Performance Payments can Slow Climate Change

This report argues that what is urgently needed is a tested but far from fully exploited approach to funding forest conservation: pay-for-performance transfers, under which public (and private) funder...

by Nancy Birdsall | On 03 Dec 2015

Government Intervention in Grain Markets in India: Rethinking the Procurement Policy

This paper reviews the rice procurement operations of the Government of India from the standpoints of cost of procurement as well as effectiveness in supporting farmers’ incomes. The two channels used...

by Neha Gupta | On 02 Dec 2015

International Migration, Trade and Aid: A Survey

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

by | On 27 Nov 2015

Twenty Sixth Report on Insolvency Laws

The Report brings out the different aspects of the insolvency laws which has a two-fold purpose- (i) to give relief to the debtor from the harassment of his creditors whose claims he is unable to meet...

by Ministry of Law and Justice GOI | On 25 Nov 2015

Requiring Indian Utilities to Report: Harnessing Disclosure Legislation to Improve Water and Sanitation Services

The paper argues for a regular public reporting of key performance indicators by the WatSan utilities in India. It elaborates on how the policy behind these reforms could be operationalized.

by Premila Nazareth Satyanand | On 18 Nov 2015

Social Norms and Governance: The Behavioral Response to Female Leadership

Women in leadership positions make different policy choices compared to men. An increase in the proportion of female leaders can therefore alter both the nature of governance as well as the types of p...

by Pushkar Maitra | On 23 Oct 2015

Cultural Resistance Need of the Hour: Teesta Setalvad

This interview with Teesta Setalvad on the series of awards being returned by various writers post lynching of a person in Dadri and PMs silence. Teesta explained that, this government functions on th...

by Teesta Setalvad | On 20 Oct 2015

Cultural Resistance Need of the Hour: Teesta Setalvad

This interview with Teesta Setalvad on the series of awards being returned by various writers post lynching of a person in Dadri and PMs silence. Teesta explained that, this government functions on th...

by Teesta Setalvad | On 20 Oct 2015

State Food Provisioning as Social Protection: Debating India’s National Food Security Law

This report provides an overview on the main issues debated during the development and passage of the India’s National Food Security Act (2013), which legally binds national and state governments to e...

by Harsh Mander | On 20 Oct 2015

Corporate Social Responsibility in India - An Effort to Bridge the Welfare Gap

This paper analyses the potential implications of mandated CSR under the recently enacted Companies Act, 2013 in India on firm incentives, likely responses of corporates that come under the ambit of t...

by Jayati Sarkar | On 19 Oct 2015

Women on Board and Performance of Family Firms: Evidence from India

This paper provides evidence on the effect of women directors on the performance of family firms with a case study of India.

by Jayati Sarkar | On 16 Oct 2015

The Influence of Industry Financial Composition on the Exports from Pakistan

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

by Aadil Nakhoda | On 16 Oct 2015

Panchayats and Household Vulnerability in Rural India

This paper tries to assess the impact of coping strategies on household welfare. The paper tries to identify the components of vulnerability to better focus policy. India, particularly rural India, h...

by Raghbendra Jha | On 12 Oct 2015

Soil Health: Issues and Concerns - A Review

This paper brings out the importance of soil fertility management (SFM) with respect to agricultural production and livelihood contribution to the rural people. It looks into the farmers' own knowledg...

by B. Suresh Reddy | On 08 Oct 2015

Now for the Reality Play

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

by T.N. Ninan | On 02 Oct 2015

Food Security, Productivity, and Gender Inequality

This paper examines the relationship between gender inequality and food security, with a particular focus on women as food producers, consumers, and family food managers. The discussion is set against...

by Bina Agarwal | On 29 Sep 2015

Environmental Regulations and Compliance in the Textile Processing Sector in Pakistan: Empirical Evidence

This paper, seeks to understand why firms in the garment and textile sector choose to comply with or ignore Pakistan’s environmental regulations and effluent standards. Based on survey of 60 firms, it...

by Ghulam Samad | On 23 Sep 2015

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

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

by Nilabja Ghosh | On 21 Sep 2015

Report of the Working Group on Public Distribution System and Food Security for the Tenth Five Year Plan (2002-2007)

This planning commission report on Food Security deals with the changing consumption pattern for food in India and reviews some studies on demand and supply projections for cereals in India. It also e...

by Planning Commission | On 21 Sep 2015

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

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

by Shikha Jha | On 18 Sep 2015

Health Shocks and Short-Term Consumption Growth

Health shocks can affect the household economy through a substantial rise in out-of-pocket medical expenditure and/or loss of income. In such a situation, households use a range of coping mechanisms t...

by Sowmya Dhanaraj | On 14 Sep 2015

The Conundrum of Profitability Versus Soundness for Banks by Ownership Type: Evidence from the Indian Banking Sector

Banks pursue profit like any business, but in their role as custodians of domestic savings, they are required to be cautious. Riskier but profitable advances may cause asset quality deterioration, thu...

by Sreejata Banerjee | On 14 Sep 2015

Debt-Bondage Slavery in India

There have been numerous investigations in recent years to determine the incidence and prevalence of modern slavery worldwide, and debt bondage in India has been found to be the most extensive form of...

by Sarah Knight | On 10 Sep 2015

Financial Inclusion in Asia: An Overview

This paper provides an analysis of financial development and inclusion in developing Asia using data from a wide array of sources. In terms of aggregate measures of financial development, the region a...

by | On 07 Sep 2015

Kerala Perspective Plan 2030

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

by Government of Kerala Govt | On 04 Sep 2015

Excess Food Stocks, PDS and Procurement Policy

This planning commission paper tries to examine some of the factors that have led to accumulation of excess food grain stocks and make policy prescription on how to deal with the problem of surplus fo...

by Arvind Virmani | On 25 Aug 2015

Safety First

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

by T.N. Ninan | On 21 Aug 2015

Impact of Bank Credit on Economic Growth in Nepal

This study examines the impact of commercial bank credit to the private sector on the economic growth in Nepal from supply side perspectives. The study has applied Johansen co-integration approach and...

by | On 17 Aug 2015

The Role of Technical and Vocational Education in the National Development of Bangladesh

Education is a basic human right and considered by many as a key tool for national development. However, this tenet has been challenged by several economists, especially Pritchett (1996). His empirica...

by Gazi Mahabubul Alam | On 03 Aug 2015

Performance of Flagship Programmes in Tamil Nadu

This study aims to provide a mid-term appraisal of the Eleventh Five Year Plan (2007-12), focusing on the performance of flagship programmes in Tamil Nadu. In this paper, a brief note on the Eleventh...

by K. R. Shanmugam | On 27 Jul 2015

How are Firms Responding to Philippine Free Trade Agreements?

The Philippines has been more cautious in its policy toward free trade agreements (FTAs) than other ASEAN member-states, having signed, so far, only one bilateral agreement with Japan in addition to t...

by Rafaelita M. Aldaba | On 20 Jul 2015

A Review of the Accreditation System for Philippine Higher Education Institutions

This paper reviewed the existing accreditation processes and roles of accrediting bodies of Philippine to present a clearer perspective on the current situation of higher education institutions. Simil...

by Marites M. Tiongco | On 20 Jul 2015

A Commons Story in the Rain Shadow of Green Revolution

The study is an attempt to bring to the fore a Commons perspective of agriculture, livestock and rural livelihoods in the dryland and tribal areas of India. Would agriculture, livestock and rural live...

by Foundation for Ecological Security FES | On 07 Jul 2015

Waste Pickers in Pune, India

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

by Poornima Chikarmane | On 06 Jul 2015

Agricultural Credit and its Impact on Farm Productivity: A Case Study of Kailali District

This study was carried out by Banking Development and Research Unit of Nepal Rastra Bank, Dhangadhi Office. The study aims at exploring the problems related to the procurement and use of agricultural...

by Nepal Rastra Bank NRB | On 26 Jun 2015

Impact of Climate Change on Food Production: Options for Importing Countries

This RSIS policy brief identifies possible implications of climate change disturbances on crops and livestock in world production centers by 2030, 2050 and 2080. Policy recommendations for importing...

by | On 22 Jun 2015

Performance Audit of Mahatma Gandhi National Rural Employment Guarantee Scheme

This report of comptroller and auditor general of India containing the results of performance audit of the implementation of the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGA) hig...

by Ministry of Rural Development GOI | On 02 Jun 2015

An Advocates' Tool for Monitoring Rights-Based Provision of Contraceptive Information and Services in India

This Advocates’ Guide has been developed based on the ecommendations made in the World Health Organization’s “Ensuring human rights in the provision of contraceptive information and services: Guidance...

by Renu Khanna | On 01 Jun 2015

Report of the Working Group on Outreach of Institutional Finance, Cooperatives and Risk Management for the 12th Five Year Plan (2012-17)

The working group is of the opinion that the credit strategy should be aligned to agriculture growth strategy which in turn has to address broader macro economy concerns of supply management and issu...

by Planning Commission | On 21 May 2015

Building the Skills for Economic Growth and Competitiveness in Sri Lanka

Despite armed internal conflict and the global financial crisis, Sri Lanka has made remarkable progress in recent years, enjoying healthy economic growth and substantially reducing poverty. Moreover,...

by Halil Dundar | On 07 May 2015

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

Towards a Developmental Framework for Net Neutrality: The Rise of Sponsored Data Plans in Developing Countries

Academic research has been paying little attention to the net neutrality debate in developing countries, where large content providers such as Facebook, Google and Twitter have long been executing agr...

by | On 14 Apr 2015

How Power Can Be Cleaned

Coal is an environmentalist’s bugbear. The use of coal to generate energy is the key reason the world is looking at a catastrophic future because of climate change. Recognising this, global civil soci...

by Sunita Narain | On 08 Apr 2015

Separating Shocks from Cyclicality in Indian Aggregate Supply

An ongoing debate on the shape of the Indian aggregate supply curve (AS) raises interesting econometric and policy issues. Systematic steps were taken to improve the estimation. On adding better vari...

by Ashima Goyal | On 02 Apr 2015

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

Asian Development Outlook 2015 Financing Asia’s Future Growth

According to the Asian Development Outlook 2015, India is forecast to overtake China in terms of economic growth as the initial phase of government efforts to remove structural bottlenecks is lifting...

by Asian Development Bank Institute | On 01 Apr 2015

Capital for House-Based Industries: A Case Study in West Bengal

The lack of access to formal credit at affordable cost (effective interest) is the most critical constraint faced by the rural entrepreneurs to get involved in productive profitable business activit...

by Shrabani Mukherjee | On 27 Mar 2015

Global Imbalances and Bretton Woods II Postulate

The paper intends to revisit this argument, particularly in the light of the change in deficits and surpluses in the world economy. The paper tries to trace the genesis of BWII to the debates which or...

by Krishnakumar S | On 10 Mar 2015

Working Group Report for XII PLAN - Railway Sector

Planning Commission’s Approach Paper to the Twelfth Plan lays down the objective for the Twelfth Plan as faster, more inclusive and sustainable growth. Unsettled global economy, volatile commodity pri...

by Planning Commission | On 24 Feb 2015

Asymmetric Price Adjustment - Evidence for India

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

by Sartaj Rather | On 12 Feb 2015

Financing for Infrastructure Investment in G-20 Countries.

This study looks into various sources of financing infrastructure and the demands for infrastructure investments and highlights the mismatch between demand and supply of funds for infrastructure finan...

by Ramprasad Sengupta | On 11 Feb 2015

Determinants of Regional Patterns of Manufacturing Exports: Indian Firms since the Mid-1990s

A preliminary analysis of the spatial determinants of firms’ export activities by Indian states has been undertaken in this study. Thus, the present study attempts to fill the gap by focusing on issue...

by Jaya Prakash Pradhan | On 06 Feb 2015

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

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

by | On 04 Feb 2015

The Productivity of Agricultural Credit in India

This study examines the nature of the relationship between formal agricultural credit and agricultural GDP in India, specifically the role of the former in supporting agricultural growth, using state...

by Sudha Narayanan | On 23 Jan 2015

The Mechanism of Long-Term Growth in India

This paper aim to provide an account of growth in India based on its internal dynamics. This helps to place the relative roles of policy, shocks, and internal dynamics. The paper leads us to conclude...

by Pulapre Balakrishnan | On 21 Jan 2015

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

Food Security and Nutritional scenario of India- An overview

The purpose of this paper is to assess the availability of food to poor and nutritional situation of national households. The growth of production of food grains is 2.12 per cent in 2000-01 to 2010-1...

by | On 26 Dec 2014

Price Movements for Rice and Wheat: A Structuralist Policy Perspective

This paper examines the price movements in rice and wheat, following structuralist principles emphasizing the necessity of long term solutions in combination with short and medium term management. How...

by K U Gopakumar | On 17 Dec 2014

What Explains the Productivity Decline in Manufacturing in the Nineties in India?

This paper uses the data envelopment analysis (DEA) based Malmquist productivity index to estimate total factor productivity growth (TFPG), technical change, and efficiency change for a panel of firms...

by Saon Ray | On 18 Nov 2014

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

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

by Arvind Subramanian | On 22 Oct 2014

Four Facts on India’s Growth in the 2000's

This paper marks the first attempt at examining the growth performance across Indian states for the 2000s, a period also marked by the global financial crisis. Four key finding emerge from the paper...

by Arvind Subramanian | On 21 Oct 2014

Banking Renaissance: Inclusion, Innovation and Implementation

Innovative measures needed in our banking sector which would render it more inclusive, vibrant, productive, efficient and above all, customer-centric. [ seventh Annual Banking Conference “Bank on it ,...

by S.S. Mundra | On 17 Oct 2014

Institutional Credit in Rainfed Areas: District Level Analysis in Southern States

Dryland regions of the country, poorly endowed as they are with natural resources including water are likely to be disadvantaged in terms of access to credit. Within the dryland areas too inter-pers...

by Satyasai K J S | On 08 Oct 2014

Estimating Workers' Bargaining Power and Firms' Markup in India: Implications of Reforms and Labour Regulations

Implications of industrial deregulations, trade liberalisation and labour regulations on workers' bargaining power and firms' markup in Indian manufacturing industries is examined, using state-wise th...

by Rupayan Pal | On 29 Sep 2014

Evolution and Critique of Buffer Stocking Policy of India

An evaluation of the country’s buffer stock policy reveals gaps and inefficiencies. Large quantities of food grains have accumulated in the godowns of the Food Corporation of India (FCI) and its nom...

by Shweta Saini | On 26 Sep 2014

Production, Procurement and Inflation: A Market Model for Food Grains

Rapid rise in the price of food grains and their continued upsurge is a matter of concern for not only the government and policy makers but also for all concerned with social welfare. This is particul...

by Gopakumar K.U. | On 15 Sep 2014

A BRIC Development Bank: A Dream Coming True?

BRICS leaders have approved creating a new development bank which would fund long-term investment in infrastructure and more sustainable development. This paper documents the scale of unmet needs in t...

by Stephany Jones | On 21 Aug 2014

Letting Girls Learn: Promising Approaches in Primary and Secondary Education

This paper analyses the benefits from female education (who gains and in what ways) and the constraints (direct and opportunity costs, reflecting economics and tradition). It then outlines promising a...

by Barbara Herz | On 01 Aug 2014

Performance of Major Social Sector Schemes: A Sample Survey Report

In this paper based on both desk research and selected sample survey of some districts in two states in India, an attempt has been made to see the efficacy and performance of the various central gover...

by H A C Prasad | On 31 Jul 2014

The Market Valuation of Innovation: The Case of Indian Manufacturing

The relationship between market value and innovation in the context of manufacturing firms in India was analysed, using data for 2001-2010. In a milieu where most firms do not patent, the concern was...

by Sunil Kanwar | On 10 Jun 2014

Price, Markups and Trade Reforms

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

by Jan De Loecker | On 02 Jun 2014

Urbanization and Spatial Patterns of Internal Migration in India

With an urbanization level of 31.16 percent in 2011, India is the least urbanized country among the top 10 economies of the world. In addition, unlike other countries, the transition of workforce out...

by Ajay Sharma | On 26 May 2014

Growth and Structure of Employment in India: Long term and Post Reform Performance and the Emerging Challenge

This paper describes the growth and structural changes in employment in the long and short periods, with a special focus on the period since economic liberalisation. It assesses the employment challen...

by T. S. Papola | On 23 May 2014

Annual Report 2010-11 Department Of Food and Public Distribution

The primary Policy objective of the Department of Food& Public Distribution is to ensure food security for the country through timely and efficient procurement and distribution of foodgrains. This inv...

by MINISTRY OF CONSUMER AFFAIRS, FOOD AND PUBLIC DIST GOI | On 05 May 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

REACH Annual Report 2013

REACH, Renewed Efforts Against Child Hunger and under-nutrition, is an inter-agency initiative established in 2008 by the four UN agencies Food and Agriculture Organization (FAO), United Nations Child...

by USAID Agency for International Development | On 29 Apr 2014

Dynamic Effects of Microcredit in Bangladesh

This paper uses long panel survey data spanning over 20 years to examine the dynamics of microcredit programs in Bangladesh. With the phenomenal growth of microfinance institutions representing...

by Shahidur R. Khandker | On 26 Apr 2014

A Comparative Analysis of Recent Export Performances of China and India

Drawing on the convergence theory, one would expect that as a latecomer to integrate with the globalized economy India’s export performance would be at least on par with that of China because China’s...

by Kaliappa Kalirajan | On 12 Mar 2014

Micro, Small And Medium Enterprises In India – An Overview

MSME sector play extremely significant role in Indian economy. MSMEs have the advantages of generating gainful employment with low investment, diversifying the industrial base, reducing regional dispa...

by Puli Subramanyam | On 11 Mar 2014

What Does it Take to Become a Software Professional?

Rather than place of origin (rural vs urban) or economic background, two educated parents most commonly characterise newly recruited software professionals in Bangalore. A survey of three software fir...

by Anirudh Krishna | On 04 Mar 2014

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

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

by Jugnu Ansari | On 21 Feb 2014

Education For All Global Monitoring Report 2013/4

This edition of the Education for All (EFA) Global Monitoring Report demonstrates the reasons why education is pivotal for development in a rapidly changing world. It explains how investing wisely in...

by UNESCO UNESCO | On 30 Jan 2014

Skill Development Initiatives in India

Structural changes in the Indian economy have precipitated changes in the patterns of demand for industrial labour. Recent trends in the composition of employment indicate that the Indian workforce is...

by Sandhya Srinivasan | On 22 Jan 2014

On the Spatial Concentration of Employment in India

This paper seeks to understand what kind of economic activities are concentrated in which regions of India. Spatial concentration of jobs is measured by calculating the location quotient using inform...

by S. Chandrasekhar | On 22 Jan 2014

India’s Development Cooperation: Charting New Approaches in a Changing World

This report first briefly delves into the historical context within which India's development cooperation must be seen and the role, objectives and the functioning of the DPA is explained. The report...

by Vivan Sharan | On 21 Jan 2014

Carbon Dioxide Emissions from Indian Manufacturing Industries: Role of Energy and Technology Intensity

This paper is an attempt to compute Carbon Dioxide (CO2) emission from fossil fuel consumption for firms in Indian manufacturing sector from 2000 to 2011 by adopting the IPCC Reference Approach. Th...

by Santosh Kumar Sahu | On 26 Nov 2013

Southeast Asia’s Food Security Challenge: More than ‘Stock’ Solution Needed

Countries in Southeast Asia face a fresh challenge to their food security as food consumption patterns change, and reliance on imports increases to meet such shifts. Consequently, they may be left wit...

by Belinda Chng | On 01 Nov 2013

Envisioned Scope and Challenges of National Food Security Bill

National Food Security Bill (NFSB) aims to make food easily accessible at affordable prices to people. But there are operational and financial difficulties in implementing this.

by Sweety Thomas | On 07 Oct 2013

Improving Public Financial Management in India: Opportunities to Move Forward

In recent years the role of a sound PFM system to achieve the objectives of fiscal discipline, strategic planning, and improved service delivery has been getting increasing public attention in India....

by Pratap Ranjan Jena | On 12 Sep 2013

Unilateral Facilitation Does Not Raise International Labor Migration from the Philippines

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

by Emily Beam | On 03 Sep 2013

Perils of the Drug Trade: Implications and Challenges of Central Asia’s “Northern Route”

The international trade in Afghan drugs is one of the most significant transnational threats emanating from Central Asia. Exacerbated by weak border management, corruption, and lack of income-generat...

by Lars-Erik Lundin | On 26 Jul 2013

Size-Dependent Labour Regulations and Threshold Effects: The Case of Contract-worker Intensity in Indian Manufacturing

Labour regulations like employment protection legislation in India are size-dependent rules and therefore constitute a basis for threshold effects. Firms could use non-permanent workers to stay below...

by K.V. Ramaswamy | On 23 Jul 2013

Civil society demands transparency and uninterrupted supply of TB medicines

TB patients, Civil society and TB organizations gathered today at Nirman Bhawan to protest against the ongoing stock-outs of TB medicines that have led to treatment interruptions across the country. T...

by Lawyers Collective | On 27 Jun 2013

Access to Higher Education in India: An Exploration of its Antecedents

Using appropriate measures of participation, this paper explores if the role of socio-religious background and other factors has changed over a period of time. This dynamics of participation in High...

by Rakesh Basant | On 05 Jun 2013

Does Political Competition Influence Human Development? Evidence from the Indian States

Recently, it has been argued that political competition may have similar effects on economic performance as market competition. This study empirically examines this proposition by linking political co...

by Bharatee Bhushan Dash | On 05 Jun 2013

National Urban Health Mission

The Union Cabinet gave its approval to launch a National Urban Health Mission (NUHM) as a new sub-mission under the over-arching National Health Mission (NHM).

by Anonymous | On 27 May 2013

Explaining Access to Credit by Rural Households: Results based on a Study of Several States in India

Against the backdrop of evolution of rural credit system in India as well as its observed failure to be inclusive in character, this paper makes use of a fairly large data set of the Center for Manage...

by Saugandh Datta | On 07 Mar 2013

Analysis of Railway Budget 2013

The Minister of Railways, Pawan Kumar Bansal, presented the Railway Budget 2013 to Parliament on 26th February. In his address, he commented on the performance of Railways in 2012-13 and laid out his...

by Vishnu Padmanabhan | On 28 Feb 2013

Odisha Budget 2013-14: Part 1 Agriculture

Budget presented by Shri Prasanna Acharya. The first part contains the Agriculture Budget.

by Orissa Government | On 25 Feb 2013

Indian Special Economic Zones: The Difficulties of Repeating China’s Triumph

New Delhi launched its SEZ revolution in April 2000 to secure the country a two digit growth rate, copying from China what during the previous two decades proved to be an excellent strategy, this pa...

by Claudia Astarita | On 21 Feb 2013

Neutral Expectations from Automobile Sector

Budget expectations for automobile sector. [IRIS India].

by IRIS India IRIS | On 19 Feb 2013

Performance of PDS: Better in Richer States?

How well has the PDS been functioning across the country? Do the poorer states do better or worse than the richer states? Interpreting data on PDS can be misleading unless they are read against seve...

by Shambhu Ghatak | On 14 Feb 2013

The Companies Bill, 2011: FIfty-Seventh Report

According to the Ministry of Corporate Affairs, most of the recommendations made by the Committee in their earlier Report (21st Report) on the Companies Bill, 2009 have been accepted by the Government...

by Lok Sabha Secretariat | On 12 Feb 2013

The Companies Bill, 2011

A bill to consolidate and amend the law relating to companies. [PRS]. URL:[http://www.prsindia.org/uploads/media/Company/companies%20bill%202011.pdf].

by Parliamentary Research Service PRS | On 11 Feb 2013

Firewood Collections and Economic Growth in Rural Nepal 1995-2010: Evidence from a Household Panel

A longitudinal household survey from World Bank Living Standards Measurement Survey (LSMS) was used for the study. A relatively small (but representative) sample of households residing in the mountain...

by Jean-Marie Baland | On 28 Jan 2013

Review of Input and Output Policies for Cereals Production in Pakistan

This report reviews the input and output policies for cereals implemented in Pakistan during the period 1996–2010. Pakistan has a long and varied history of intervening in farm input and output market...

by Abdul Salam | On 16 Nov 2012

Co-movement of Skill Premium and Stock Prices

We examine the empirical phenomenon of co-movement of skill premium and share prices by appealing to the techniques of cointegration. The US data (1984--2010) reveals that stock prices and skill premi...

by Kausik Gangopadhyay | On 05 Nov 2012

National Policy on Skill development

Skills and knowledge are the driving forces of economic growth and social development for any country. Countries with higher and better levels of skills adjust more effectively to the challenges and o...

by Ministry of Labour and Employment MoL&E | On 28 Sep 2012

Food Subsidy in India: Trends, Causes and Policy Reform Options

This paper analyses the trends in volume of food subsidy in the post-reforms period (1991-92 to 2012-13) and then examines various components of food subsidy, which are under the control of FCI and th...

by Vijay Paul Sharma | On 20 Sep 2012

Constraints Faced by Industry in Punjab, Pakistan

What are the main impediments to investment and industrial productivity in Punjab which have contributed to this unprecedented decline in growth? This is done by analyzing the 2007 Investment Climate...

by Syed Turab Hussain | On 08 Aug 2012

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

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

by Jens Beckert | On 07 Aug 2012

Estimation of Discount Factor ß and Coefficient of Relative Risk Aversion ? in Selected Countries

The long-run discount factor for a group of developed and developing countries is estimated through standard methodology incorporating adaptive expectations of inflation. In the second part, while con...

by Waqas Ahmed | On 07 Aug 2012

Agricultural Credit - Accomplishments and Challenges

Agriculture’s share in GDP is less than 15 per cent but it still remains the direct domain of over half of the population whose economic prospects are linked to the performance of agriculture. There a...

by Duvvuri Subbarao | On 03 Aug 2012

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

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

by Krishna M | On 27 Jul 2012

New Thinking on Corporate Bond Market in India

What are major factors behind underdevelopment of corporate bond market in India? One of the major bottlenecks to the development of this market lies in relatively larger costs of financing which diss...

by Sanjay Banerji | On 17 Jul 2012

Reexamining the Finance–Growth Relationship for a Developing Economy: A Time Series Analysis of Post-reform India

The cross-country empirical literature on the finance-growth relationship has debated three propositions: (i) financial deepening has a strong impact on the growth process; (ii) measures of financia...

by Sabyasachi Kar | On 13 Jul 2012

Does Access to Secondary Education Affect Primary Schooling? Evidence from India

This paper investigates if better access to secondary education increases enrolment in primary schools among children in the 6–10 age group. A household-level longitudinal survey is also done coveri...

by Abhiroop Mukhopadhyay | On 10 Jul 2012

Intrinsic Inflation Persistence in a Developing Country

This study estimates degree of intrinsic inflation persistence in Pakistan using aggregate price index, group level price indices, and individual commodity prices. Monthly data from 1959 to 2011 is us...

by Muhammad Nadim Hanif | On 09 Jul 2012

Engaging Small and Medium Enterprises in Production Networks: Firm-level Analysis of Five ASEAN Economies

The Association of Southeast Asian Nations (ASEAN) small and medium enterprises (SMEs) are under scrutiny for their engagement in production networks following recent emphasis on increasing intra-reg...

by Ganeshan Wignaraja | On 06 Jul 2012

Cultural Proximity and Loan Outcomes

Evidence is presented to show that shared codes, religious beliefs, ethnicity - cultural proximity - between lenders and borrowers improves the efficiency of credit allocation. In-group preferential t...

by Raymond Fisman | On 05 Jul 2012

Growth of Asian Pension Assets: Implications for Financial and Capital Markets

Pension assets have seen rapid growth world-wide over the past decades, although they suffered large losses during the global financial crisis of 2007–2008. Such growth is notably due to both structur...

by Yuwei Hu | On 02 Jul 2012

What Should Regulation do in the Field of Micro-finance?

Recent events in India have brought a fresh focus on the appropriate regulatory stance towards micro-finance. In this paper, facts and recent experience about Indian microfinance is reviewed. The puz...

by Renuka Sane | On 19 Jun 2012

Price Support, Domestic Procurement Programme and Public Stock Management

This Policy Brief discusses the policy options for improving effectiveness of price support, domestic procurement programme and public stock management in Bangladesh. It has been funded by th...

by Quazi Shahabuddin | On 01 Jun 2012

The Cost of Unserved Energy: Evidence from Selected Industrial Cities of Pakistan

This study is an attempt to explore the cost of unserved energy due to power outages in Pakistan that started in 2007. The study is based on a survey conducted for four major industrial cities of Pu...

by Rehana Siddiqui | On 24 May 2012

Private Returns to Public Office

The wealth accumulation of Indian parliamentarians using public disclosures required of all candidates since 2003 are studied. Annual asset growth of winners is on average 3 to 6 percentage points hi...

by Raymond Fisman | On 18 May 2012

Role of Communication in Stigma and Discrimination

The objective of the study was to review media coverage (print ) related to HIV/AIDS in three states (Gujarat, Haryana and Madhya Pradesh) in order to determine the gaps in reporting. [CCMG Working Pa...

by Biswajit Das | On 10 May 2012

Behavior of Remittance Inflows and its Determinants in Bangladesh

The paper examines the determinants of remittance inflow by applying ordinary least square method (OLS). The model include the weighted average GDP of the six (Saudi Arabia (KSA), United Arab Emirat...

by Mst. Nurnaher Begum | On 24 Apr 2012

Philippine Economy: Sluggish in 2011, Bullish in 2012?

The Philippine domestic economy shrunk to 3.7 percent in 2011, after a growth of 7.6 per cent in 2010. Outlook for 2012 is relatively sanguine with the government hinging its optimism on robust ...

by Senate Economic Planning Office SEPO | On 20 Apr 2012

Measuring and Explaining the Asymmetry of Liquidity

This paper examines transactions costs in buying versus selling using a large database of snapshots of the limit order book. On the equity spot market, there is clear evidence of asymmetry in liquid...

by Rajat Tayal | On 19 Apr 2012

The BRICS Report: A Study of Brazil, Russia, India, China, and South Africa with Special Focus on Synergies and Complementarities

Th is study, which is supported by the ministries of fi nance and the central banks of the BRICS, focuses on synergies and complementarities between the economies, highlighting their role as growth ...

by Ministry of Finance | On 18 Apr 2012

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

A Corporate Governance Index for Large Listed Companies in India

A Corporate Governance Index for 500 large listed Indian firms for the period from 2003 to 2008 is constructed. The index construction uses information on four important corporate governance mechan...

by Jayati Sarkar | On 04 Apr 2012

Comparative Rating Index for Sovereigns (CRIS): A Report Based on “The Relativity of Sovereigns: A New Index of Sovereign Credit Ratings and an Analysis of How Nations Fared over the Last Six Years”

Major credit rating agencies give out the sovereign credit rating of each nation as an absolute grade. How other nations fare over the period under consideration does not matter in a particular nation...

by Kaushik Basu | On 02 Apr 2012

Close Eye or Closed Eye: The Case of Export Misinvoicing in Bangladesh

The effect of export subsidies on the under-invoicing of exports in Bangladesh is analyzed. In a framework that allows for unobserved heterogeneity among importing countries and product specificities,...

by Pranav Kumar Gupta | On 16 Mar 2012

Railway Budget 2012

The Minister of Railways, Dinesh Trivedi, presented the Railways Budget 2012 to Parliament on 14th March. In his address, he commented on the performance of Railways in 2011-12 and laid out his bud...

by Rohit Kumar | On 16 Mar 2012

State of Indian Agriculture 2011-12

The report reviews the status and performance of agriculture, especially during the last two decades, and also presents what could be the way forward, given our objectives of accelerated growth, inc...

by Ministry of Agriculture GOI | On 14 Mar 2012

Towards Building A Happy, Prosperous and Caring Bangladesh: Budget Speech 2011-12

Budget speech 2011-12 by Finance minister. URL:[http://www.mof.gov.bd/en/budget/11_12/budget_speech/speech_en.pdf].

by Abul Maal Abdul Muhith | On 14 Mar 2012

Agricultural Insurance in India: Problems and Prospects

The challenges of providing insurance to Indian agricultural sector in a manner that is both meaningful and sustaining. Critical assessment of the existing initiative and present possible options fo...

by M J Bhende | On 09 Mar 2012

How has the Indian Corporate Sector Responded to Two Decades of Economic Reforms in India? An Exploration of Patterns and Trends

In the context of various policy initiatives made during the last two decades to reform the Indian economy in general and corporate sector in particular, the present paper attempts to assess how the...

by Rakesh Basant | On 07 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

Failed Mechanism: How the CDM is Subsidizing Hydro Developers and Harming the Kyoto Protocol

Five years age, International Rivers started monitoring the Kyoto Protocol’s Clean Development Mechanism (CDM), concerned that funds marked for climate change mitigation would be used to encourage c...

by Barbara Haya | On 01 Mar 2012

Working of Livestock Exchange Markets in Rajasthan

Livestock sector is an integral part of India’s agriculture and an important part of the whole economy with reference to employment, income and earning of foreign exchange for the country. The growth...

by Ministry of Agriculture GOI | On 01 Mar 2012

Subsidizing the National Food Authority: Is It a Good Policy?

National Food Authority's (NFA) twin mandate of price stabilization and food security has cost the government billions of pesos in losses over the past few decades. As such, there is a need to ...

by Senate Economic Planning Office SEPO | On 28 Feb 2012

Study on Impact of Micro Finance in Reduction of Domestic Violence Against Women

The main objective of the study is to investigate whether there is any evidence to support the view that the disbursement of micro finance to women reduces the incidence of domestic violence, and if...

by Institute of Social Studies Trust ISST | On 23 Feb 2012

Regional and Global Monetary Cooperation

The increasing occurrence of national, regional, and global financial crises, together with their rising costs and complexity, have increased calls for greater regional and global monetary cooperation...

by Mario Lamberte | On 21 Feb 2012

Economics of Mango Cultivation

The paper is based on "Commodity Specific Study on Mango" undertaken by NABARD in the states of Andhra Pradesh, Maharashtra and West Bengal. For the study, A total sample of 186 respondents was sele...

by G.D. Banerjee | On 17 Feb 2012

Mumbai Riots, 1992-3: Revisiting the Affected

Review of the book 'Riots and After in Mumbai: Chronicles of Truth and Reconciliation' Meena Menon, Sage Publications India, 2011, Pp 267 + xcii, Rs. 595/-

by Irfan Engineer | On 17 Feb 2012

The Financial Structure and Performance of Philippine Credit Cooperatives

This study is an attempt to assess the importance and potential impact of any further development of the credit cooperative sector; identify development interventions that will result in a strong Fil...

by Gilberto M Llanto | On 13 Feb 2012

Selling Formal Insurance to the Informally Insured

Unpredictable rainfall is an important risk for agricultural activity, and farmers in developing countries often receive incomplete insurance from informal risk-sharing networks. The demand for, and...

by A. Mushfiq Mobarak | On 10 Feb 2012

Bank Lending and Monetary Shocks: Evidence from a Developing Economy

This paper investigates the role of credit market frictions in the transmission of monetary shocks in Pakistan. First, using macro data, it is shown that banking spreads are countercyclical, even it i...

by M. Ali Choudhary | On 08 Feb 2012

How is Financial Regulation Different for Micro- Finance?

What is the role of financial regulation in the field of micro- finance? This paper identifi es two features of micro- finance which call for unique treatment in policy considerations as compared...

by M Sahoo | On 03 Feb 2012

International Competitive Strategy Choices: Comparing Firms in China and India

The international business literature has yet to adequately explore international competitive strategy choices made by firms in developing countries. This study aims to address this gap by investiga...

by Ping Lv | On 02 Feb 2012

Technical Productivity Analysis for Cement Industry at Firm Level

This paper analyses the energy use in the manufacture of cement in India during 1992–2005. Cement manufacturing requires large amounts of various energy inputs. The most common types of energy carri...

by Binay Kumar Ray | On 30 Jan 2012

Evidence on Changes in Time Varying Volatility around Bonus and Rights Issue Announcements

The short term and long term stock price volatility changes around bonus and rights issue announcements have been examined using historical volatility estimation and time varying volatility approach...

by Madhuri Malhotra | On 24 Jan 2012

Building World Class Businesses for the Long Term

This report identifies some of the factors complicating the debate on role of the company in society. It focuses particularly on the changing models of ownership and differing time horizons and on how...

by Gillian Lee | On 23 Jan 2012

Can Lease Hold Forestry in Nepal Benefit People and the Environment?

In Nepal an innovative form of forestry management, known as the Leasehold Forestry (LHF) Programme, is being introduced to protect forest land and help it regenerate. A new SANDEE study analyzes th...

by South Asian Network for Development SANDEE | On 10 Jan 2012

What Makes Food Processing Firms Clean Up their Waste? – A Case Study from Sri Lanka

Many Sri Lankan companies, particularly in the food processing sector, do not have adequate management systems in place to control and dispose solid waste. In order to address this challenge, a new...

by South Asian Network for Development SANDEE | On 09 Jan 2012

Credit and Growth Cycles in India: An Empirical Assessment of the Lead and Lag Behaviour

This paper studies the leadlag pattern in the interaction between credit and growth cycles of India at three levels i.e. at the aggregate level for annual GDP growth, at the sectoral level across a...

by Krittika Banerjee | On 06 Jan 2012

State Focus Paper 2012-13: Karnataka

The State Focus Paper (SFP) consolidates the PLPs of all the 30 districts and highlights the potential for flow of credit to various sectors in agriculture and rural development. The credit potential...

by National Bank for Agriculture and Rural Devt NABARD | On 06 Jan 2012

Power, Profits and Inflation: A Study of Inflation and Influence in Pakistan

The analysis seeks to look at inflation as a political economic phenomenon, based on a framework devised by Jonathan Nitzan and christened differential accumulation. The theory of differential accumul...

by Syed Ozair Ali | On 05 Jan 2012

The Five-Phases of Economic Development and Institutional Evolution in China and Japan

Based on the variable rate of gross domestic product per capita growth and its sources, this paper first identifies five phases of economic development that are common to China, Japan, and Korea: M...

by Masahiko Aoki | On 04 Jan 2012

Time for elections

Even though it would be considered politically premature by both the Congress and the BJP – it may be best to think in terms of fresh elections. URL:[http://www.business-standard.com/india/news/t-n-ni...

by T.N. Ninan | On 03 Jan 2012

The Broken Broker System? Transacting on Agricultural Wholesale Markets in India (Uttarakhand)

The focus is on the central role played by state-regulated commission agents, known as brokers: agents who are widely present in Indian markets to assist sellers in finding buyers through organizing a...

by Bart Minten | On 29 Dec 2011

Consultation Report on Strengthening the Role of Agriculture for a Nutrition Secure India

The Indira Gandhi Institute of Development Research (IGIDR), Mumbai and the International Food Policy Research Institute (IFPRI), New Delhi organized a workshop ‘Strengthening the Role of Agriculture...

by Srijit Mishra | On 27 Dec 2011

Approach Paper: Vulnerabilities of Women Homebased Workers`

This paper focuses on homebased women workers and discusses the specific issues of their vulnerability as women and as workers, in the framework of their basic citizenship right to economic and soci...

by Indrani Mazumdar | On 26 Dec 2011

The Effect of Foreign Remittances on Schooling: Evidence from Pakistan

The underlying study intends to show the impact of foreign remittances on the educational performance of children in the households receiving these remittances. Much of the literature in this area c...

by Muhammad Nasir | On 13 Dec 2011

China’s Financial Integration into the World Economy: Scrutinising China‘s International Investment Position

Possible scenarios for China and the world economy until 2015 is looked at. In all of them, China will continue to accumulate FX reserves, so that reserve assets will remain the largest component of...

by Catherine Shu Ling Tan | On 08 Dec 2011

Monetary and Fiscal Policy in the Presence of Informal Labour Markets

How does informality in emerging economies affect the conduct of monetary and fiscal policy? To answer this question two-sector, formal-informal new Keynesian closed-economy is constructed. The inf...

by Nicoletta Batini | On 02 Dec 2011

'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

Informal Labour and Credit Markets: A Survey

This paper reviews the literature on the informal economy, focusing first on empirical findings and then on existing approaches to modelling informality within both partial and general equilibrium e...

by Nicoletta Batini | On 24 Nov 2011

The Challenge of Food Inflation

The trends in food inflation over the past 60 years are given. Having thus set the context, the factors driving structural food inflation, which should give us a perspective of the underlying dynam...

by Duvvuri Subbarao | On 24 Nov 2011

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

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

by Ling Jin | On 23 Nov 2011

Geographical Agglomeration of Indian and Chinese Multinationals in Europe: A Comparative Analysis (Preliminary version)

The outward FDI from emerging economies to developed countries is of great interest to international business researchers and policy makers, also with regard to their location and sectoral patterns....

by Haiyan Zhang | On 21 Nov 2011

Energy Intensity and Firm Performance: Do Energy Clusters Matter?

In analyzing this phenomenon for Indian manufacturing industries, this study tries to find out the determinants of profitability of firms based on three energy clusters (natural gas, petroleum, coal)...

by Santosh Kumar Sahu | On 10 Nov 2011

The Public Procurement Bill, 2011

An Act to regulate public procurement with the objective of maximising economy and efficiency, promoting competition among suppliers and contractors while ensuring a fair, transparent and equitable...

by Planning Commission | On 08 Nov 2011

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

Monetary Operating Procedures: Principles and the Indian process

As markets deepen and interest elasticities increase it is optimal for emerging markets to shift towards an interest rate instrument since continuing monetization of the economy implies money demand...

by Ashima Goyal | On 04 Nov 2011

A Comparison of the Industrialization Paths for Asian Services Outsourcing Industries, and Implications for Poverty Alleviation

This paper examines three software and/or information technology enabled services (ITES) industries—two in the early stages of development (in the People’s Republic of China [PRC] and the Philippines)...

by F Ted Tschang | On 25 Oct 2011

Does Greater Autonomy Improve Performance? Evidence from Water Service Providers in Indian Cities?

The efficiency of urban water supply in 27 Indian cities are analyzed using data envelopment analysis (DEA). Cities are grouped by the management structure of their water utilities. Utilities with g...

by Shreekant Gupta | On 24 Oct 2011

A Case for Case Studies

This essay attempts to look beyond the long-standing qualitative-quantitative tug of war in studying society. It takes as an example one approach, the case study, that often acts as a bridge between...

by Ipsita Sapra | On 19 Oct 2011

Recent Global Crisis and the Demand for Gold by Central Banks: An Analytical Perspective

When India purchased 200 tonnes of gold under the International Monetary Fund's limited gold sales programme, it was interpreted inter alia that it may further inflate the gold price when the price...

by Karunagaran A | On 17 Oct 2011

An Economic Policy and Legal Analysis of The Micro Finance Institutions (Development & Regulation) Bill, 2011

In response to the Second Micro Finance Crisis in Andhra Pradesh, which took place in October 2010, the Ministry of Finance has pro- posed a new Micro Finance Institutions (Development & Regulation) ...

by Shubho Roy | On 17 Oct 2011

Knowledge Flows and Capability Building in the Indian IT Sector: A Comparative Analysis of Cluster and Non-Cluster Locations

In this study, a comparative analysis of the role of knowledge flows in capability formation among firms in the Indian Information Technology sector (IT sector) across cluster and non-cluster location...

by Rakesh Basant | On 13 Oct 2011

What Causes Agglomeration? – Policy or Infrastructure – A Study of Indian Manufacturing Industry

This paper investigates whether industrial dispersal policy is more potent or the natural and agglomeration cost advantages are important in influencing locational choice of a firm. To carry out the a...

by Vinish Kathuria | On 22 Sep 2011

Opening India’s Garments Sector to South Asia

This paper examines the competitiveness of the Indian garments industry vis-à-vis the other South Asian countries Bangladesh, Pakistan and Sri Lanka. Under the SAFTA agreement, many of the garment i...

by Saon Ray | On 16 Sep 2011

Innovation and Entrepreneurship in Developing Countries

How does innovation impact on development? How, and under what conditions, do entrepreneurs in developing countries innovate? And what can be done to support innovation by entrepreneurs in develo...

by Wim Naude | On 16 Sep 2011

Agricultural Productivity and Credit- Issues and Way Forward

Certain trends in agricultural productivity, agricultural finance are outlined. Recommendations for improving agricultural productivity are given here. [Address at The National Seminar on Productivity...

by Chakrabarty K C | On 12 Sep 2011

Slower Growth in China: How Much of a Drag on the Global Economy?

China’s expected growth slowdown - from 10.3 per cent yoy in 2010 to 8.9 per cent this year and 8.3 per cent in 2012 - will impact the global economy. An in-depth look at how important China really is...

by Steffen Dyck | On 09 Sep 2011

Productivity Dynamics in the Indian Pharmaceutical Industry: Evidences from Plant-level Panel Data

This paper investigates the effects of plants' dynamics on productivity growth in the Indian pharmaceutical industry across five regions: north, north-west, west, south and the rest of India, during t...

by Atsuko Kamiike | On 06 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

The Seed and Agricultural Biotechnology Industries in India: An Analysis of Industry Structure, Competition, and Policy Options

This paper examines the structure of India’s cereal seed and agbiotech industries, its potential effects on innovation and social welfare, and the policies that may improve both industry performance a...

by David J Spielman | On 31 Aug 2011

Market Dynamics in Supply Chains: The Impact of Globalisation and Consolidation on Food Companie's Mark-ups

This paper examines whether ownership and increased competitive pressure affect food retailers’ market power, analysing whether all actors involved in the food supply chain deviate from the pricing be...

by Eleni A Kaditi | On 29 Aug 2011

Drivers of Agricultural Diversification in India, Haryana and the Greenbelt Farms of India

The present study discusses factors responsible for agricultural diversification at different levels: country (India), state (Haryana) and farms of Kurukshetra district in Haryana. The study regress...

by Brajesh Jha | On 29 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

When do Stock Futures Dominate Price Discovery?

Stock futures offer leveraged positions and are expected to attract informed traders. Many researchers have found that the information share of the stock futures is surprisingly small; the equity sp...

by Jeffrey Vincent | On 24 Aug 2011

Risks, Farmers’ Suicides and Agrarian Crisis in India: Is There A Way Out?

Poor returns to cultivation and absence of non-farm opportunities are indicative of the larger socio-economic malaise in rural India. This is accentuated by the multiple risks that the farmer faces...

by Srijit Mishra | On 23 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

India-Pakistan Trade

On the basis of a survey conducted in three cities viz., Delhi, Mumbai and Amritsar the paper examines the characteristics of firms engaged in Indo- Pakistan trade. It also estimates the transaction...

by Nisha Taneja | On 11 Aug 2011

Configuring Balanced Scorecards for Measuring Health System Performance: Evidence from 5 Years’ Evaluation in Afghanistan

In 2004, Afghanistan pioneered a balanced scorecard (BSC) performance system to manage the delivery of primary health care services. This study examines the trends of 29 key performance indicators ov...

by Edward Anbrasi | On 04 Aug 2011

Financial Inclusion in India: A case-study of West Bengal

The study seeks to examine the extent of financial inclusion in West Bengal. It is observed from the study that although there has been an improvement in outreach activity in the banking sector, the...

by Sadhan Kumar Chattopadhyay | On 03 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

The Dynamics of Health and Return Migration

Return migration and health has received little attention in policy and research. This article will focus on the risk factors and social determinants of health during all phases of migration that...

by Anita A Davies | On 20 Jul 2011

Shocks, Economic Growth and the Indian Economy

This paper analyses the impact of domestic and external shocks on the Indian economy. A macro-modelling framework is developed that evaluates the impact of two domestic shocks (rainfall shortfall an...

by B B Bhattacharya | On 15 Jul 2011

A Thousand Industries In A Thousand Days? State Business Relations and The Puzzle of Orissa's Industrial Performance

In this paper, the phenomenon of 'two types of industrialisation' in Orissa is documented where a fast growing resource based manufacturing sector has co-existed with a stagnant non-resource based...

by Alivelu G | On 11 Jul 2011

The Don Sahong Dam: Potential Impacts on Regional Fish Migrations, Livelihoods and Human Health

This paper focuses on the Don Sahong Dam (DSD’s) potential impacts on fish and fisheries, and particularly the project’s regional implications in relation to fisheries, including its possible impact...

by Ian Bird | On 08 Jul 2011

Mutual Funds and Market Development in India

A brief description of the role of Mutual Funds in money markets and government securities makets are provided. Some of the regulatory issues that arise are discussed. The role of Mutual Funds in fina...

by Subir Gokarn | On 08 Jul 2011

India - Reforming Farm Support Policies for Grains

The objective of this study is to analyze some of the recent reforms proposed in the operation of government buffer stocks and provision of price support to wheat and rice farmers in India. Based o...

by Shikha Jha | On 17 Jun 2011

The Legacy of the Jubilee Debt Relief Movement: Agreements, Lessons, and Remaining Challenges

Over the last 25 years, the international community has pursued a series of measures to address unsustainable debt burdens in low-income countries. Early actions focused on debt relief for official bi...

by Ben Leo | On 15 Jun 2011

Efficiency Spillovers from FDI in the Indian Machinery Industry: A Firm Level Study Using Panel Data Models

Adopting a micro-level framework of impact of FDI in an industry, this study empirically examines the following three issues in the context of Indian machinery industry (IMI) - division 28 of Nation...

by Pradeep Kumar Keshari | On 14 Jun 2011

Non-financial Reporting – What, Why and How - Indian Perspective

The importance of non-financial reporting in the overall assessment of a company's performance, its risk-return trade off is steadily gaining ground, both globally and in India. [Address by Dr K. C...

by Chakrabarty K C | On 10 Jun 2011

From Kerala to Kerala Via the Gulf: Emigration Experiences of Return Emigrants March 2011

This paper about return emigrants in Kerala is based on information on return emigrants collected by the Centre for Development Studies (CDS) through several of its recent large-scale household sur...

by K. C. Zachariah | On 08 Jun 2011

Social Cost Benefit Analysis of the POSCO Steel Project in Orissa

The National Steel Policy (NSP-2005) lays stress on accelerating growth in domestic production and consumption of steel to achieve global competitiveness not only in terms of cost quality and produ...

by R Venkatesan | On 07 Jun 2011

HIV/AIDS Monitor: Are Funding Decisions Based on Performance?

Linking funding decisions to performance can help the best programs continue and give program managers strong incentives to lead their programs well. Performance-based funding can also have unintended...

by Nandini Oomman | On 31 May 2011

India’s Policy Deficit: As I Look At It

Policies, be they administrative, economic, educational, scientific, social or regarding anything else, are necessarily grounded in some ideology; relating to the conception of an ideal man, an i...

by S.K. Mishra | On 24 May 2011

Monetary Policy and Credit Demand in India and Some EMEs

Impact of changes in policy rate of interest on demand for bank credit is examined for seven emerging market economies including India for the period 2002 to 2010. Panel data techniques are used after...

by B L Pandit | On 24 May 2011

Non-Recourse Mortgages and Credit Market Breakdowns: A Framework for Policy Analysis

This paper illustrates that the legal structure of mortgage credit, in particular, its status in terms of recourse in foreclosure, can lead not only to the familiar problem of adverse selection ...

by Kaushik Basu | On 05 May 2011

Growing Business or Development Priority? Multilateral Development Banks’ Direct Support to Private Firms

Direct support to private firms in developing countries constitutes a large and growing share of multilateral development banks’ financial activities. This trend contrasts with the advice MDBs gave de...

by Guillermo Perry | On 05 May 2011

Half Yearly Monetary and Financial Stability Report (March 2011)

The Hong Kong economy grew strongly in the second half of 2010. The unemployment rate has now dipped below the trend rate of the past 10 years and the momentum of rising consumer prices has picked...

by Hong Kong Monetary Authority | On 04 May 2011

Report of the Task Force on Credit Related Issues of Farmers

The Task Force visited 45 villages across 17 states and held state and regional level consultations to understand from women and men farmers, bankers, civil society, academicians, planners, activists,...

by National Bank for Agriculture and Rural Devt NABARD | On 27 Apr 2011

Guidelines for Human-Leopard Conflict Management

After careful consideration of the inputs received from a variety of stakeholders, the following framework guidelines are suggested for managing the humanleopard conflict situations in areas where l...

by Ministry of Environment and Forests GOI | On 22 Apr 2011

Financial Transactions Taxes

This paper attempts to address both theoretical and practical considerations for a tax such as financial transactions taxes (FTT). It includes examples of FTT in the wider context, for example, on sto...

by Parthasarathi Shome | On 18 Apr 2011

A Policy Reponse to the Indian Micro-finance Crisis

Recent events in India have brought a fresh focus upon the problem of regulation in the field of micro-finance. This paper delineates the three distinct aspects where government needs to play a role...

by Renuka Sane | On 13 Apr 2011

Liquidity Considerations in Estimating Implied Volatility

Some option series in the market are far less liquid than others. Market illiquidity can reduce the informativeness of option prices. In this paper, an alternative schemes are proposed to estimate im...

by Rohini Grover | On 09 Apr 2011

Financing Pattern of Indian Corporate Sector Under Libaralisation: With Focus on Acquiring Firms Abroad

An attempt has been made in this paper to analyse the financing pattern of Indian corporate sector during 1990-2009. This paper further seeks to identify the pattern of resource mobilisation of Ind...

by P L Beena | On 08 Apr 2011

Socio-Economic and Ecological Benefits of Mangrove Plantation: A Study of Community Based Mangrove Restoration Activities in Gujarat

A comprehensive assessment of the multiple benefits of mangrove ecosystems and their restoration efforts in Gujarat is made. The study is important and contextual as there are very limited empirical...

by P.K. Viswanathan | On 29 Mar 2011

Union-Firm Bargaining Under Alternative Pay Schemes: Does Performance Related Pay Fair Better?

This paper compares and contrasts equilibrium outcomes under right-to-manage bargaining (RTM) and efficient bargaining (EB) corresponding to two alternative pay schemes, fixed wage vis-a-vis piece-r...

by Rupayan Pal | On 22 Mar 2011

Link between Exporting and Productivity: Firm Level analysis for Indian Chemical Industry

The objective of the paper is to test the empirical regularity that exporters are more productive than non-exporters in India. TFP is calculated from the Cobb-Douglas Production function using a fixe...

by Vinish Kathuria | On 21 Mar 2011

The Global Impact of the Southern Engines of Growth: China, India, Brazil and South Africa

This Policy Brief focuses on links between the developing countries of Brazil, India, China and South Africa and the global economy, with a special emphasis on the implications of China’s spectacular...

by Amelia U. Santos Paulino | On 11 Mar 2011

Poverty Targeting in Asia: Experiences from India, Indonesia, the Philippines, People’s Republic of China and Thailand

Poverty targeting, defined as the use of policy instruments to channel resources to a target group identified below an agreed national poverty line, is used by all governments in Asia in one form or...

by John Weiss | On 11 Mar 2011

Giving Credit Where it is Due

This paper shows how the productive interplay of theory and experimental work has furthered our understanding of credit markets in developing countries. Descriptive facts motivated a body of theory,...

by Abhijit V. Banerjee | On 28 Feb 2011

Sarva Shiksha Abhiyan, GOI 2010-11

Using government data, this brief reports on Sarva Shiksha Abhiyan (SSA) performance along the following parameters: a) Overall trends in allocation and expenditures, b) Expenditure performance across...

by Avani Kapur | On 26 Feb 2011

An Ethnobiography of Teyyam Performance from a Practitioner’s Perspective

Rajesh Komath gives a description the conflicts between his socio-material position as a Teyyam performer, and persona/personality as a student of economics.

by Smriti Vohra | On 26 Feb 2011

Do Firms Want to Borrow More? Testing Credit Constraints Using a Directed Lending Program

They begin the paper by laying out a simple methodology that allows them to determine whether firms are credit constrained, based on how they react to changes in directed lending programs. The basic...

by Abhijit Banerjee | On 22 Feb 2011

Profitability of Foreign Banks vis-à-vis Other Bank Groups in India – A Panel Data Analysis

The paper analysed the financial performance of foreign banks in comparison with other bank groups in India. The study assumes importance in the context of the on-going preparation of roadmap for th...

by P B Rakhe | On 22 Feb 2011

Mixed Duopoly and Environment

They show under general demand and cost conditions that in a mixed duopoly with pollution the government can (and will) implement the socially optimal outputs and abatements by a tax-subsidy scheme...

by Rupayan Pal | On 16 Feb 2011

Decentralization, Corruption, and Government Accountability: An Overview

The impact of government decentralization on economic performance and growth is a hotly contested issue. Waves of decentralization occurred in many developing countries over the past few decades, fo...

by Pranab Bardhan | On 10 Feb 2011

The Contribution of the New Institutional Economics to an Understanding of the Transition Problem

Institutions and the way they evolve shape economic performance. Institutions affect economic performance by determining (together with technology employed) the cost of transacting and producing. They...

by Douglass C. North | On 04 Feb 2011

Third Quarter Review of Monetary Policy 2010-11

This statement sets out the Reserve Bank’s assessment of the current macroeconomic situation and forward projections.

by D Subbarao | On 31 Jan 2011

Report of the Sub-Committee of the Central Board of Directors of Reserve Bank of India to Study Issues and Concerns in the MFI Sector

While this growth is impressive, a number of studies both in India and abroad have questioned whether growth alone is effective in addressing poverty and what the adverse consequences of a too rapid g...

by Reserve Bank of India | On 30 Jan 2011

Microfinance and Moneylender Interest Rate: Evidence from Bangladesh

The linkage between the formal and informal credit markets has long been of great interest to development economists. This paper addressed one aspect of the linkage by empirically investigating the...

by Debdulal Mallick | On 25 Jan 2011

Environmental Literacy and NGOs: Experience from the Microcredit Based Social Forestry Program of Proshika in Bangladesh

This study assesses the impact of participation in the social forestry program of Proshika on the environmental literacy of participating households in Bangladesh. Proshika--a non-governmental organiz...

by Md. Jahangir Alam Chowdhury | On 13 Jan 2011

An Early Assessment of CFPR II Support Packages

Based on the programmatic lessons and research knowledge accumulated from CFPR phase I, CFPR phase II was designed to expand its outreach while incorporating greater diversity in support packages. T...

by Narayan C Das | On 12 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

Economic Aspects of Access to Medicines after 2005: Product Patent Protection and Emerging Firm Strategies in the Indian Pharmaceutical Industry

An analysis of the innovation in the Indian pharmaceutical industry is done. This section traces the origins, the strengths and weaknesses of the innovation system in the pharmaceutical sector in In...

by Padmashree Gehl Sampath | On 17 Dec 2010

Sources of Heterogeneity in the Efficiency of Indian Pharmaceutical Firms

Using the non parametric approach of Data Envelopment Analysis (DEA) this paper examines the input and output efficiencies of the Indian pharmaceutical firms for the period 1991 to 2005.

by Subhash C Ray | On 17 Dec 2010

Repayment Incentives and the Distribution of Gains from Group Lending

Group loans with joint liability have been a distinguishing feature of many micro nance programs. While such lending has bene tted millions of borrowers, major lending insti- tutions have acknowledg...

by Jean-Marie Baland | On 17 Dec 2010

NGOs’ Strategies and the Challenge of Development and Democracy in Bangladesh

The paper argues that while Bangladesh is reported to have more NGOs per capita than other developing countries, those organisations have gradually abandoned social mobilising and collective action...

by Naila Kabeer | On 14 Dec 2010

Revisiting Group Dynamic and Legal Rights

BRAC Human Rights and Legal Services Programme (HRLS) has initiated to form ward-based Legal Rights Implementation Committee (LRIC) comprised of 19 members to ensure justice for the vulnerable women...

by Debasish Kumar Kundu | On 14 Dec 2010

The Change of the Financial System and Developmental State in Korea

This study examines the role of institutions and their change related to the rapid economic development and the 1997 Korean financial crisis. In Korea, the government built a state- led financial s...

by Kang-Kook Lee | On 13 Dec 2010

Inequality, Corruption, and Competition in the Presence of Market Imperfections

In this paper they analyze the relation between inequality, corruption and competition in a developing economy context where markets are imperfect. They consider an economy where different types o...

by Indranil Dutta | On 02 Dec 2010

When index dissemination goes wrong: How fast can traders add and multiply?

This paper studies an episode of dissemination of wrong stock index values in real time due to a software bug in the Indian Nifty index futures market on the morning of January 18, 2006. The episod...

by Jayanth R Varma | On 01 Dec 2010

How Can Donors Create Incentives for Results and Flexibility for Fragile States? A Proposal for IDA

International Development Association (IDA) donors and others operating a country performance-based allocation system face two difficult problems: how to strengthen incentives to produce and document...

by Alan Gelb | On 29 Nov 2010

Developing Incentive Based Mechanisms for Watershed Protection Services through Participatory Hydrological Studies

Peoples’ Science Institute (PSI), Dehradun and Winrock International India (WII), Gurgaon jointly initiated participatory hydrological studies in two micro-catchments that is, the Bhodi-Suan and Kuhan...

by Rajesh Gupta | On 26 Nov 2010

Foreign Shareholding: A Decomposition Analysis

A decomposition in the ownership of shares by foreigners is offered into three parts: the change in insider shareholding, the change in market capitalisation and the change in the fraction of outsi...

by Ajay Shah | On 16 Nov 2010

Foreign Technology Licensing in Indian Industry: An Econometric Analysis of the choice of Partners, Terms of Contract and the Effect on Licensees' performance

Using a unique panel data set on Indian firms, some basic but important and often neglected aspects of technology licensing agreements and their effect on the licenses have been analysed. [Working Pap...

by Robert E Evenson | On 11 Nov 2010

The Financial Crisis, Rethinking of the Global Financial Architecture, and the Trilemma

This paper extends their previous paper (Aizenman, Chinn, and Ito 2008) and explores some of the unexplored questions. First, they examine the channels through which the trilemma policy configurations...

by Joshua Aizenman | On 08 Nov 2010

Solicited and Unsolicited Credit Ratings: A Global Perspective

They conducted a global study of the long-term issuer ratings of nonfinancial firms from Standard and Poor's Ratings Services (S&P) for the period 1998–2003. Specifically, they focused on the solicite...

by Winnie P. H. Poon | On 02 Nov 2010

Macroeconomic Impacts of Foreign Exchange Reserve Accumulation: Theory and International Evidence

Recently, a dramatic accumulation in foreign exchange reserves has been widely observed in developing countries. This paper explores the possible long-run impacts of this trend on macroeconomic variab...

by Shin-ichi Fukuda | On 01 Nov 2010

Human Capital and Development: A Tale of Two Cities--Software Sector in Hyderabad and Bangalore

This paper discusses the factors that promote clusters and the role of clusters in the generation and spread of human capital The analysis in the paper is based on a comparative study of software fir...

by V. N. Balasubramanyam | On 29 Oct 2010

Cross-Border Mergers and Acquisations in India: Extent, Nature and Structure.July 2010

The corporate sector all over the world is restructuring its operations through mergers and acquisitions in an unprecedented manner in order to successfully overcome the challenges posed by globaliz...

by Beena Saraswathy | On 29 Oct 2010

Accelerating Economic Growth and Reducing Poverty: The Road Ahead

It outlines the broad framework and the strategy for poverty reduction based on four pillars: (a) accelerating economic growth while maintaining the macroeconomic stability; (b) improving the govern...

by Ministry of Finance, Government of Pakistan, | On 19 Oct 2010

Prudential Discipline for Financial Firms: Micro, Macro, and Market Structures

The recent global financial crisis reflects numerous breakdowns in the prudential discipline of financial firms. This paper discusses ways to strengthen micro- and macroprudential supervision and...

by Larry D. Wall | On 18 Oct 2010

A Macro Policy for Poverty Eradication through Structural Change

This paper argues that poverty originates in the structural injustices of a social order which incapacitates the poor from participating in the growth generating sectors of the economy and leaves th...

by Rehman Sobhan | On 13 Oct 2010

Financial Crisis, Trade Finance, and SMEs: Case of Central Asia

This paper surveys studies of the importance of Central Asian small- and medium-sized enterprises (SME) in the economy and their experience during the Russian financial crisis. It also uses survey dat...

by Gloria O. Pasadilla | On 13 Oct 2010

Modelling and Forecasting Seasonality in Indian Macroeconomic Time Series

This paper models the univariate dynamics of seasonally unadjusted quarterly macroeconomic time series for the Indian economy including industrial production, money supply (broad and narrow measures...

by Pami Dua | On 08 Oct 2010

An Analysis of Padddy Productive Growth in West Bangal and Orrisa

Eastern India has emerged as a new center of growth in the agricultural sector since 1980’s. Over the period 1984/85-1994/95, the foodgrain production increased at a compound annual rate of 3.1% pe...

by Renuka Pillai | On 05 Oct 2010

Peasants and Formal Credit in Thiruvithamcore: The State Institutions and Social Structure 1914-1940

Considerations of credit mechanism as a suitable mode of appropriation of surplus, compared to rent, explains to a great extent the motivation, behind state intervention in the money market in pea...

by T.T. Sreekumar | On 04 Oct 2010

Risk-return Efficiency, Financial Distress Risk, and Bank Financial Strength Ratings

This paper investigates whether there is any consistency between banks’ financial strength ratings (bank rating) and their risk-return profiles. It is expected that banks with high ratings tend to ear...

by Changchun Hua | On 04 Oct 2010

Public Debt Management in Sri Lanka-Performance in 2009 and Strategies for 2010 and Beyond

The information included in this publication covers the public debt management strategies adopted in 2009, the movements in debt stock during the year and the related costs and risks and the primar...

by Central Bank of SriLanka CBSL | On 30 Sep 2010

Who Are the MDG Trailblazers? A New MDG Progress Index

In September, world leaders will assemble in New York to review progress towards the Millennium Development Goals (MDGs). Ahead of the ensuing discussions, we examine how individual countries are fari...

by Benjamin Leo | On 29 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

Supply Responses in the Livestock Economy of Kerala

The quantitative and qualitative changes taking place in livestock population over the years would be due to the changes in demand for livestock products. The changes in lives...

by K. Narayanan Nair | On 16 Sep 2010

Entry Threats and Inefficiency in ‘Efficient Bargaining’

Whether the outcome of bargaining over wage and employment between an incumbent firm and a union remains efficient under entry threat is examined. The workers\' reservation wage is not known to the ...

by Rupayan Pal | On 10 Sep 2010

Technology Acquisition and Growth of Firms Under Changing Policy Regimes : A Study of the Indian Automobile Sector

The objective of this paper is to analyse the determinants of the growth of firms in the Indian automobile industry during the period 1980-81 to 1995-96. It re-examines certain issues that have a...

by K. Narayanan | On 09 Sep 2010

Economic Governance of MFIs: Inside the Black Box

This paper investigates a relationship between economic governance and the dual objectives of Microfinance Institutions (MFIs): poverty reduction and financial viability. Using an unbalanced pan...

by Thankom Arun | On 06 Sep 2010

How Much Should You Own? Cross-ownership and Privatization

This paper examines the interdependence of cross-ownership and level of privatization in case of differentiated products mixed duopoly. It shows that it is optimal for the private firm not to own any...

by Rupayan Pal | On 03 Sep 2010

Rice Economy of Kerala: A Disaggregate Analysis of Performance

This working paper discusses the rice economy of Kerala, with a disaggregate analysis of its performance. [Working Paper No. 231]

by P.S. George | On 31 Aug 2010

The Medium Run Effects of Educational Expansion: Evidence from a Large School Construction Program in Indonesia

This paper studies the medium run consequences of an increase in the rate of accumulation of human capital in a developing country. From 1974 to 1978, the Indonesian government built over 61,000 prima...

by Esther Duflo | On 25 Aug 2010

Women as Policy Makers: Evidence from a Randomized Experiment

This paper uses political reservations for women in India to study the impact of women’s leadership on policy decisions. In 1998, one third of all leadership positions of Village Councils in West Be...

by Esther Duflo | On 25 Aug 2010

What Can Be Learned About the Economies of China and India from Purchasing Power Comparisons?

Comparisons of India and China have been made for over 50 years. This paper focuses on purchasing power estimates in China and India in the 2005 round of the UN International Comparison Programme (I...

by Alan Heston | On 20 Aug 2010

Encouraging Cooperation in Ad-hoc Mobile-Phone Mesh Networks for Rural Connectivity

This paper proposes a rating based scheme for encouraging user participation in adhoc mobile phone mesh networks. These networks are particularly attractive for remote/rural areas in developing coun...

by Kavitha Ranganathan | On 06 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

Political Economy of Directed Credit

Imagine you are a bank manager and you have to decide to whom you will lend money. One prospect is an industrial company and the other is a farmer. As someone who wants the largest possible profits,...

by Mark Miller | On 19 Jul 2010

Who Participates in Higher Education in India? Rethinking the Role of Affirmative Action

This paper explores how socio-economic, especially socio-religious affiliations, and demographic characteristics of individuals influence participation in higher education (HE). It argues that ap...

by Rakesh Basant | On 16 Jul 2010

The End of ODA (II): The Birth of Hypercollective Action

The development business has become much more complex in the past decade, with actors proliferating and collaboration fragmenting. This trend is characteristic of the change from collective action t...

by Jean-Michel Severino | On 08 Jul 2010

Crop Insurance in India

This working paper discusses the dependence of Indian agriculture on uncertain rains. In addition the farmers experience other production risks as well as marketing risks related to different crop e...

by Gurdev Singh | On 06 Jul 2010

The Distributive Impact of Reforms in Credit Enforcement: Evidence from Indian Debt Recovery Tribunals

It is generally presumed that strengthening the legal enforcement of lender rights increases credit access for all borrowers, by expanding the set of incentive compatible loan contracts. This presu...

by Ulf Lilienfeld Toal | On 28 Jun 2010

Kisan Credit Card

Provision of timely and adequate credit has been one of the major challenges for banks in India in dispensation of agricultural and rural credit to the farmers. Constant innovation is required in or...

by Danish Faruqui | On 24 Jun 2010

Analysis of Internet Patenting Strategies of E-commerce Firms

Patents and patent applications are important indicators of innovative activity in industrial R & D, especially in areas such as Information Technology (IT), where technology growth is rapid. Within...

by Biju Paul Abraham | On 22 Jun 2010

Matching for Credit: Risk and Diversification in Thai Microcredit Groups

How has the microcredit movement managed to push financial frontiers? In a context in which borrowers vary in unobservable risk, Ghatak (1999, 2000) shows that group-based, joint liability contracts p...

by Christian Ahlin | On 21 Jun 2010

Impact Assessment of CFPR/TUP: A Descriptive Analysis Based on 2002-2005 Panel Data

This paper looks at the overall performance of the CFPR/TUP programme using the 2002 baseline survey and 2005 repeat survey. All the topics covered in this study could be analysed more deeply, but tha...

by Mehnaz Rabbani | On 15 Jun 2010

The Role of Intermediaries in Facilitating Trade

They are providing systematic evidence that intermediaries play an important role in facilitating trade using a firm-level the census of China's exports. Intermediaries account for around 20% of China...

by Jaebin Ahn | On 14 Jun 2010

Girls in Science and Technology Education: A Study on Access, Participation, and Performance of Girls in Nepal

This paper is a study on Access, Participation, and Performance of Girls in Science and Technology in Nepal. This study was undertaken essentially to achieve four objectives, viz. to review curricular...

by Dr. Vidya Nath Koirala | On 03 Jun 2010

Endogenous Skill Acquisition and Export Manufacturing in Mexico

This paper confirms that for Mexico over the period 1986-2000, the export sector pays higher wages than other sectors, but school drop out increases with the arrival of new export jobs. The workers...

by David Atkin | On 28 May 2010

All the PM's men

In this article TN Ninan looks at the how the 15 economic ministers have performed. He starts with the finance minister whose record seems very patchy as he has not been able to deal with inflation an...

by T.N. Ninan | On 27 May 2010

Do Reservation Policies Affect Productivity In The Indian Railways?

The objective in this paper is to shed some empirical light on a claim often made by critics of affirmative action policies: that increasing the representation of members of marginalized communities i...

by Ashwini Deshpande | On 26 May 2010

Global Crisis, Environment Volatility and Expansion of Tthe Indian Leather Industry

The present paper attempts to fill in the gap that exists in the Indian Leather industry, and makes some suggestions regarding the expansion of the by examining technical efficiency (TE) of individ...

by Anup Kumar Bhandari | On 26 May 2010

The EU-India FTA in Services and Possible Gender Impact in India: Concern Areas

This paper studies the impact of services trade liberalization under the currently negotiated EU-India FTA on women’s lives in India and tries to delineate the concern areas. Relevant sectors of int...

by Ranja Sengupta | On 25 May 2010

Energy Intensity of Indian Manufacturing Firms: Effect of Energy Prices, Technology and Firm Characteristics

The paper examines the factors that influence energy intensity in Indian industries. It has two parts. In the first part, trends in energy intensity are analysis and cross-industry panel data (taken...

by Bishwanath Goldar | On 13 May 2010

Private Sector Industrialization in China: Evidence from Wenzhou

The purpose of this study to help shed light on the entrepreneurship, entrepreneurs and enterprise growth in Wenzhou. The study is done by relying on a probabilistic firm survey that we carried out i...

by John Strauss | On 08 Apr 2010

Regulatory Structure for Financial Stability and Development

Stricter regulatory surveillance in emerging market economies (EMEs) largely insulated their financial systems from the crisis. Development and convergence of regulatory apparatus has been rapid. In...

by Ashima Goyal | On 29 Mar 2010

Industrializing West Bengal? : The Case of Institutional Stickiness

The paper discuses the role played by institutional behavior in determining the policy outcomes of a state. Apart from secondary data the paper is also based on information collected from selected sta...

by Deepita Chakravarty | On 19 Mar 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

Exchange Market Pressure and Monetary Policy

The objective of this study is to examine empirically the impact of monetary policy on exchange market pressure (EMP) in Bangladesh. EMP is measured as the sum of percentage change of international re...

by Sayera Younus | On 29 Jan 2010

Social Business: A Step Toward Creating a New Economic and Social Order

The concept of social business flows from a firm conviction that profit or benefit is not the only motivating factor for an entrepreneur and an entrepreneur can also be motivated by social goals and e...

by Mohammad Yunus | On 27 Jan 2010

The Dynamic Relationship between Price and Trading Volume: Evidence from Indian Stock Market

This study investigates the nature of relationship between price and trading volume for 50 Indian stocks. Firstly the contemporaneous and asymmetric relation between price and volume are examined. T...

by Brajesh Kumar | On 25 Jan 2010

Japan’s Foreign Direct Investment Experiences in India: Lessons Learnt from Firm Level Surveys

The paper first gives a brief history and comparison of Japanese foreign direct investment into India and other Asian countries, highlighting the fact that Japanese investment into India is quite lo...

by Srabani Roy Choudhury | On 19 Jan 2010

A Marketing Scheme for Making Money off Innocent People: A User’s Manual

Firms often give away free goods with the product that they sell. Firms often give stock options to their top management and other employees. Mixing these two practices—giving stock options to consu...

by Kaushik Basu | On 15 Dec 2009

The Effect of Direct Foreign Investment on Domestic Firms: Evidence from Firm Level Panel Data in Emerging Economies

This paper uses firm level panel data to investigate empirically the effects of direct foreign investment (DFI) on the productivity performance of domestic firms in three emerging economies of Centr...

by Jozef Konings | On 11 Dec 2009

Should Banking Be Made Boring? - An Indian Perspective

Ills of the banking system that caused the crisis. An extensive analysis of the causes is given. A brief synopsis to provide a backdrop for the ‘boring banking’ discussion is given. [Speech at the Int...

by Duvvuri Subbarao | On 25 Nov 2009

Innovation through Long-distance Conversations? Lessons from Offshoring-based Software Clusters in Bangalore

This paper is aganist the popular assertion regarding the links between innovation and clustering and it is found that the main sources of knowledge transfer and innovation among key firms in Bangalor...

by Aya Okada | On 23 Nov 2009

No One Barked

No reponse form the policies that the government is announcing

by T.N. Ninan | On 20 Nov 2009

Philosophy and Practice of Financial Sector Regulation – Space for Unorthodoxy

Evolution of the financial sector regulation in India, particularly focusing on the elements of the policy framework which have contributed to the broader stability in the financial sector is depicted...

by Shyamala Gopinath | On 05 Nov 2009

Learning from Crises

Recollect and recount lessons from crises. The key lessons are how to anticipate and take pre-emptive action and equally important, once you are in the middle of it, how to respond effectively namely,...

by Usha Thorat | On 22 Oct 2009

A Simple Model of the Financial Crisis of 2007-9 with Implications for the Design of a Stimulus Package

The financial crisis of 2007-09 began as a local problem in the mortgage finance market in the United States and Europe but, within months, escalated into a general global financial crisis, resulting...

by Kaushik Basu | On 17 Aug 2009

Analyzing Industrial Water Demand in India: An Input Distance Function Approach

This study investigates the water demand of Indian manufacturing plants. It adopts an input distance function approach and approximates it by a translog form. Duality between cost function and input d...

by Surender Kumar | On 17 Aug 2009

Developing The Indian Debt Capital Markets: Small Investor Perspectives

This paper argues that with the recent economic reforms, an efficient and active debt market, particularly in long-term private debt instruments, is essential for the country to realize the full bene...

by Pronab Sen | On 13 Aug 2009

Reforming Foodgrains Management: Achieving Food Security with Cost-Effectiveness

This paper examines the efficacy of the current system of public foodgrains management and policies in promoting food security in the country. It argues that the system has outlived its usefulness,...

by A. Ganesh Kumar | On 13 Aug 2009

National Innovation System and the Emergence of Indian Information and Software Technology Multinationals

This study analyzes the factors leading to the emergence of these Indian IST firms as multinationals in the global market. Applying the theoretical framework of national innovation system (NIS), the...

by Jaya Prakash Pradhan | On 07 Aug 2009

Assets and Poverty Traps in Rural Bangladesh

This paper applies Carter and Barrett’s theory of assets poverty traps to a unique longitudinal survey from rural Bangladesh. Non-parametric and parametric methods are used to examine the shape of the...

by Agnes Quisumbing | On 06 Aug 2009

Peasant Classes, Farm Incomes and Rural Indebtedness: An Analysis of Household Production Data from Two States

The paper attempts to appraise the extent of the constraint of credit relations on agricultural production and its differential impact across peasant classes. Additionally, the analysis of the structu...

by Arindam Banerjee | On 04 Aug 2009

A Status Report on India’s Financial System: A view from the Standpoint of Intermediation and Risk Bearing

The paper seeks to analyse and discuss the impact of financial reform and related institutional change on the process of financial intermediation. In effect reforms stood the earlier quantity driven...

by Chakrabarti B.B. | On 09 Jul 2009

Self-help Co-operatives, Deposit Mobilisation and Supply of Credit

The paper is aimed at exploring as to how such co-operatives (i) function and deal with members while delivering micro finance; (ii) mobilise funds, and (iii) get shaped and reshape the contents of me...

by Gagan Bihari Sahu | On 09 Jul 2009

Crises, Capital Controls, and Financial Integration

This paper analyzes the effects of capital controls and crises on financial integration, using stocks from emerging economies that trade in both domestic and international markets. The cross market p...

by Eduardo Yeyati | On 27 Jun 2009

Financing Long Term Investments in Bangladesh: Capital Market Development Issues

There has been an increase in the demand for infrastructure services and opening up of the infrastructure sector for private investment. As a result, a large number of financial intermediaries and pri...

by Mustafa. K. Mujeri | On 15 Jun 2009

Does the Currency Regime Shape Unhedged Currency Exposure?

This paper examines how unhedged currency exposure of firms varies with changes in currency exibility. A sequence of four time-periods with alternating high and low currency volatility in India prov...

by Ila Patnaik | On 11 Jun 2009

Initiatives of NGOs in Kutch Region

Many NGOs occupy a space between public and private sector organisations, and the papers in this special issue demonstrate that the mechanisms required for effective accountability by these NGOs are u...

by Kalpana C Satija | On 06 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

An Evaluation Study of NSS in India 2008-09

This paper is an evaluation study of NSS in India wherein a study is conducted to learn Volunteer strength in Andhra Pradesh from 1969-1994; Year wise Targets and Achievements of Chandigarh Regional C...

by Tata Institue of Social Sciences TISS | On 31 May 2009

Risk Management Lessons from the Global Financial Crisis

During the global financial turmoil of 2007 and 2008, no major derivative clearing house in the world encountered distress while many banks were pushed to the brink and beyond. An important reason for...

by Jayanth R Varma | On 26 May 2009

Assessing Policy Choices For Managing SO2 Emisions From Indian Power Sector

The production, transportation and consumption of energy resources, especially of fossil fuels such as coal, oil and natural gas, generate negative environmental externalities including air pollution....

by Deepa Menon Choudhary | On 18 May 2009

Manager’s Perceptions of the Impact of Foreign Direct Investment Liberalizations: Information Technology Firms in India

Firms differ in the effects that foreign direct investment liberalizations have on their businesses, and in the responses they make to adjust to the liberalized business environment. In this study th...

by Stanley Nollen | On 15 May 2009

Motivating Politicians: The Impacts of Monetary Incentives on Quality and Performance

Using exogenous variation in the salaries of local legislators across Brazil’s municipal governments this paper examines whether higher wages attract better quality politicians and improve political p...

by Claudio Ferraz | On 16 Apr 2009

Impact of the Global Financial Crisis on India Collateral Damage and Response

The impact of economic crisis on India has been analysed in the speech. [Speech delivered at the Symposium on 'The Global Economic Crisis and Challenges for the Asian Economy in a Changing World'].

by Duvvuri Subbarao | On 24 Feb 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

Micro, Small and Medium Enterprises in India: Unfair Trade

This paper attempts a critical review of the performance and policy concerning the micro, small and medium enterprises (MSMEs) in globalizing India since the early 1990s whence economic reforms were...

by Keshab Das | On 02 Jan 2009

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

Changing Interface Between Agriculture and Livestock: A Study of Livelihood Options under Dry Land Farming Systems in Gujarat

The present paper tries to empirically examine the changing profile of distribution and ownership of livestock across different regions of India and specifically for Gujarat. Besides, primary data col...

by Amita Shah | On 21 Nov 2008

Performance of Indian Cement Industry: The Competitive Landscape

The competitiveness among the firms in Indian cement industry has also been evaluated. For the year 2006-07, out of the sample of seventeen firms (90.21% of the total market share), about 47% have re...

by G Burange | On 19 Nov 2008

Agflation and the PDS: Some Issues

In the context of the current public policy focus on rising food prices and their implications for food security, this paper examines two major issues raised: (i) Universalization of the public distri...

by Suryanarayana M H | On 04 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

Technology Sourcing and Internationalisation of IT firms in India

The paper analyzes the determinants of internationalisation, defined in terms of export intensity and overseas investments, of the IT firms in India. In particular, the paper examines the role of tech...

by Narayanan K | On 01 Oct 2008

On the Economics of Higher Education in India, With Special Reference to Women

The paper investigates the role of economic factors in the enrolment decision at the higher education level in India. The study concludes that the rate of participation of women is in a disadvantage...

by Sugeeta Upadhyay | On 29 Sep 2008

Traditional Water Harvesting for Domestic Use: Potential and Relevance of Village Tanks in Gujarat's Desert Region

Recognising the dearth of detailed analyses of economic and environmental performance of traditional water harvesting systems (TWHS) meant exclusively for domestic use, this paper enquires into the re...

by Keshab Das | On 26 Sep 2008

Food Processing in Andhra Pradesh Opportunities and Challenges

The study is taken up in the state of Andhra Pradesh with the following objectives: 1. To study the opportunities and challenges in processing of rice, fruits and vegetables, oilseeds and livestock...

by S.Mahendra Dev | On 17 Sep 2008

Corruption, Default and Optimal Credit in Welfare Programs

In this paper a dynamic model of subsidized credit provision is presented to examine how asymmetric information exacerbates inefficiency caused by corruption. Though designed to empower the underprivi...

by Bibhas Saha | On 11 Aug 2008

Banking Sector Reforms and Equity a Sub-Regional Analysis in Andhra Pradesh

In this study an attempt is made to examine the equity aspect due to reforms in the banking sector at sub-regional level in the state of Andhra Pradesh covering the period 1985 to 2004. [CESS WP 68]...

by K S Reddy | On 04 Aug 2008

Factors Influencing the Performance of Indian and Chinese Software Firms

This paper analyses the determinants of growth and profit behaviour of the Chinese and Indian IT Software firms.

by N.S. Siddharthan | On 30 Jul 2008

Shifting Cultivation and its Alternatives in Bangladesh: Productivity, Risk and Discount Rates

This study evaluates the economic feasibility of replacing shifting cultivation (Jhum) with settled agriculture and new soil conservation technology based on an assessment of the farmers’ risk and cor...

by M. A. Monayem Miah | On 29 Jul 2008

Managing Capital Flows: The Case of India

From the early 1990s, India embarked on easing capital controls. Liberalization emphasised openness towards equity flows, both FDI and portfolio flows. In particular, there are few barriers in the fa...

by Ajay Shah | On 24 Jul 2008

Process, People, Power and Conflict: Some Lessons from a Participatory Policy Process in Andhra Pradesh, India

A large body of empirical literature highlights the need for stakeholder participation within the context of policy change and democratic governance. This makes intuitive sense and may appear to be a...

by Vinod Ahuja | On 19 Jun 2008

Poverty targeting in public programs: A Comparison of Some Nonparametric Tests and their Application to Indian Microfinance

Many popular social programmes have limited coverage among households at the very bottom of the income and wealth distribution. If a programme reaches the poor, but neglects the destitute, the (pre-...

by Isha Dewan | On 12 Jun 2008

Gujjar protest and Reservation Politics

Successive governmental commissions have held that Gujjars do not meet the criteria for inclusion in the Scheduled Tribes. The Gujjar protest has ramifications beyond the States where they live. If th...

by Asian Centre for Human Rights ACHR | On 28 May 2008

Differential Impact of Development Interventions on Multiple Ethnic Groups

This paper looks at the effects on livestock of silvi-pasture development on common lands in relation to (a) ruminant systems and (b) livestock numbers and ownership patterns in Rajasthan, India. [SDC...

by Czech Conroy | On 14 May 2008

Improving the Economic Condition of Farmers

The Official Group would like to recommend a set of policy initiatives for the consideration of the Government of Karnataka. The recommendations of the Official Group are grouped under the following h...

by Government of Karnataka GoK | On 04 May 2008

Draft Report of the Committee on financial Sector Reforms

The financial sector has built capabilities such that, with appropriate policy changes, it can grow tremendously, both domestically and internationally. the report touches upon two reasons for financi...

by Raghuram G. Rajan | On 14 Apr 2008

Consultation Paper on Policy Guidelines for Television Audience Measurement (TAM)/ Television Rating Points (TRP)

Reliability of audience measurement reports both from the perspective of viewers and competitive relations between broadcasters have been of concern to the Regulators in most countries. Internationall...

by Telecom Regulatory Authority of India TRAI | On 01 Apr 2008

Introducing the Railway Budget 2008-2009

Speech of Lalu Prasad

by Lalu Prasad | On 27 Feb 2008

Current Issues in Agriculture Credit in India: An Assessment

This paper attempts to analyse the issues in agricultural credit in India. The analysis reveals that the credit delivery to the agriculture sector continues to be inadequate. It appears that the banki...

by Ramesh Golait | On 22 Feb 2008

Regulation of Informal Financial Institutions: A Study of Money Lenders in Kerala

The working of money lenders in Kerala are analysed. Based on a sample survey, the paper has estimated the volume of deposits and credits extended by money lenders in Kerala and has brought out the un...

by P D Jeromi | On 13 Feb 2008

Speech of the Finance Minister at the Annual Economic Editors’ Conference

Shows how the macro economic variables of Indian Economy are performing.

by P Chidambaram | On 11 Feb 2008

The Rehabilitation and Resettlement Bill, 2007

A bill to provide for the rehabilitation and resettlement of persons affected by the acquisition of land for projects of public purpose or involuntary displacement due to any other reason, and for mat...

by Lok Sabha | On 07 Feb 2008

Anti-dumping Protection: Who Gets It? An Exploratory Analysis of Anti-dumping Use in the Most Active User Countries

The industry and firm-level patterns of anti-dumping (AD) use across 18 most active AD user countries are analysed. For the analysis, the study makes use of the newly available “Global Anti-dump...

by Aradhna Aggarwal | On 06 Feb 2008

Requirement of Public Holding for Listing

It is proposed to amend the Securities Contracts (Regulation) Rules, 1957 (SCRR) to make provisions to implement the proposals as suggested at Para 11 in the paper. The comments on these proposals are...

by Ministry of Finance | On 05 Feb 2008

Visible Hand: Public Policy nd Economic Growth in the Nehru Era

This paper investigates the relationship between the policy regime and growth during 1950-64 termed here ‘the Nehru era’. While there exist valuable early appraisals of the period, access to new data...

by Pulapre Balakrishnan | On 28 Jan 2008

Review of Globalisation and Opening Markets in Developing Countries and Impact on National Firms and Public Governance: The and Impact on National Firms and Public Governance: The Case of India

Review of Globalisation and Opening Markets in Developing Countries and Impact on National Firms and Public Governance: The Case of India by Jean-Francois Huchet & Joel Ruet, Scientific Coordinators,...

by Lakshmanan L | On 19 Jan 2008

Optimal Patent Length in a North-South Framework

Under certain conditions it is optimal for the noninnovating south to give patent protection for a longer time period than the innovating north. A cooperative patent agreement involves a larger protec...

by Swapnendu Banerjee | On 03 Jan 2008

Monetary Conditions Index for India

The authors attempt to construct a monetary conditions index (MCI) for India in order to take both interest rate and exchange rate channels simultaneously into consideration while evaluating the stanc...

by Kannan R | On 08 Nov 2007

Beyond the Present

A large number of home-grown businessmen and international firms are looking well beyond the next quarter and looking long-term at what the future will be, and making sure that they will be a part of...

by T.N. Ninan | On 06 Nov 2007

Customer Centricity and the Reserve Bank

The Reserve Bank, as the regulator of the banking sector, has been actively engaged, from the very beginning, in the review, examination and evaluation of customer service in the banks. It has been re...

by Leeladhar V | On 26 Oct 2007

Scissors Crisis

As the rupee has climbed against the dollar, the impact on big firms, small and medium sized software firms, are outlined. There is a “scissors crisis” of revenue under downward pressure because of ch...

by T.N. Ninan | On 22 Oct 2007

Recent Financial Market Developments and Implications for Monetary Policy

The nature of the financial turbulence that happened recently in US and Europe, why it happened, where it happened, and the implications for central banks. Some of the forces that led up to and charac...

by Rakesh Mohan | On 12 Oct 2007

Why Don’t Small and Medium Enterprises Innovate More : Creating a Cooperative Learning Environment at Individual, Firm and Regional Level

In a globalising economy, regional or national benchmarks do not suffice any more. Be it technology or business method or practices, Indian small scale entrepreneurs will have to benchmark their curre...

by Anil K Gupta | On 10 Oct 2007

Inter-firm differences in FII portfolio investment in India

This paper has the objective of analysing the determinants of FII investment in firms in high-tech corporate sectors like automobiles, drugs and pharmaceuticals, IT software and IT hardware for the pe...

by B.L. Pandit | On 08 Oct 2007

The 40:40 Team

Some of the company managers tune their business strategy to match the quarterly cycle of results announcements. Rapidly growing economies will deliver such high valuations, and many of them will be s...

by T.N. Ninan | On 01 Oct 2007

Reproductive Health Research Priorities in India: a Framework for Action

A research framework is proposed that needs to be pursued in order to achieve RCH goals in time bound manner. It is being argued that need for additional research inputs largely stems from the current...

by Dinesh Agarwal | On 01 Oct 2007

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

Report of the Inter-ministerial Task Force on Convergence of Securities and Commodity Derivative Market

With the abolition of prohibition on forward trade in all the commodities at the beginning of 2003, the commodity derivativesmarket has been totally liberalized. The Ramamoorthy Committee set up by SE...

by Ministry for Consumer Affairs,Food and Public Dist MCAFP | On 26 Aug 2007

Predicting Indian Business Cycles: Leading Indices for External and Domestic Sectors

This paper evaluates the real-time performance of the growth rate of the DSE-ECRI Indian leading index for exports for predicting cyclical downturns and upturns in the growth rate of Indian exports. T...

by Pami Dua | On 14 Aug 2007

The Micro Financial Sector (Development and Regulation) Bill, 2007: Legislative Brief

While the Bill promotes the activities of MFOs, there are differing opinions on the cost efficiency of the MFO model. �� NABARD is designated as the regulator of the micro financial s...

by Kaushiki Sanyal | On 08 Aug 2007

The Micro Financial Sector (Development and Regulation)Bill 2007

The Micro Financial Sector (Development and Regulation) Bill, 2007 seeks to promote the sector and regulate micro financial organisations (MFO). 􀂐 National Bank for Agriculture and Rural D...

by Ministry of Law | On 08 Aug 2007

Better Than the Rest

India’s good economic performance and friendlier ties with important countries that have been either distant or hostile, is achieved by a leader with whom the country can feel at ease. But Dr. Manmoha...

by T.N. Ninan | On 06 Aug 2007

Cities, Gender Budgeting and Civic Governance

The Budget is an important tool in the hands of the state for affirmative action for improvement of gender relations through reduction of gender gap in the development process. It can help to reduce e...

by Vibhuti Patel | On 03 Aug 2007

Book Review: Debating India's Future

Review of: The Future of India – Economics, Politics and Governance by Bimal Jalan, Penguin books, New Delhi.

by G Narasimha Raghavan | On 03 Aug 2007

Medico Friend Circle Bulletin, 320-321, DEcember 2006-March 2007

Public Health Education in India -Ritu Priya 1 Public Health Education in India - Some Reflections -Ravi and Thelma Narayan 4 A Few Additional Issues for Discussion at the MFC Meet -Anant Phadke 19 ...

by Medico Friend Circle | On 04 Jul 2007

Pakistan Budget 2007-08

Budget speech for the year 2007-08 by Minister of Finance, Omar Ayub Khan

by Omar Ayub Khan | On 29 Jun 2007

Reading Sraffa: The Philosophical Underpinnings of Production of Commodities by Means of Commodities

It is argued that that both the Sraffians’ interpretation based on the classical notion of centre of gravitation as well as the neoclassical interpretation based on the supposedly implicit assumption...

by Ajit Sinha | On 26 Jun 2007

Productivity of Rural Credit: A Review of Issues and Some Recent Literature

It is argued that Indian agriculture is undergoing fundamental change wherein the technology and inputs are moving out of the hands of the farmers to external suppliers. This, over a period of time ma...

by M S Sriram | On 13 Jun 2007

Public Expenditure on Education : A Review of Selected Issues and Evidence

The role of education in economic development has been recognised for quite some time in mainstream economic literature. Divergence between the private and social rate of return from education is th...

by Anit Mukherjee | On 02 Mar 2007

Impact of Reservations of Panchayat Pradhans on Targeting in West Bengal

The effect of randomized reservations of Pradhan (chief executive) positions in West Bengal local governments (panchayats) for women and members of Scheduled Caste/Scheduled Tribes (SC/ST) following t...

by Pranab Bardhan | On 27 Dec 2006

Interlinked Agrarian Credit Markets in a Developing Economy: A Case Study of Indian Punjab

This paper attempts to analyse the various aspects of informal rural credit market of which interlinked contracts occupy the central place. In particular, the nature and extent of interlinked credit...

by Anita Gill | On 22 Dec 2006

High Achievement in Mathematics and the Girl Child

This article reports on an investigation of the position of girls in respect of high achievement in mathematics. It is also aimed to collect and accumulate the reflections of of peopla asociated with...

by Satyendra N. Giri | On 30 Oct 2006

Monetary Regionalism in Asia Revisited

Given the divergence in economic and institutional structures in the region, any attempt to create a common currency absent macroeconomic policy coordination and mechanism for automatic intra-regional...

by Ramkishen S. Rajan | On 30 Oct 2006

Studies on Self-Help Groups of the Rural Poor

In pursuance of a recommendation made by the Asian and Pacific Regional Agricultural Credit Association (APRACA), the National Bank for Agriculture and Rural Development, in collaboration with some...

by | On 23 Oct 2006

Does Repayment Indicate the Success of Micro-Finance Programme?

This paper examines the patterns of loan utilisation and repayment among micro-finance group members for Wayland district of Kerala. It argues that 100 per cent repayment by members need not always in...

by Emil Mathew | On 12 Aug 2006

Non-equity Alliances and the Performance of Indian Software Firms

The Indian software industry has grown very rapidly for more than a decade. In this study we report the results of a multivariate statistical analysis of the determinants of sales revenue growth and p...

by N.S. Siddharthan | On 03 Jun 2006

Why Are We Opposed to Reservations?

When an Ambani becomes a CEO, when a Gandhi becomes a minister, we do not say it is against merit, when a professor whose son is not able to qualify JEE, is still able to send her child abroad for hig...

by Rahul Varman | On 30 May 2006

Affirmative Action: Diverging Perspectives

The debate, on affirmative action seems to be focusing on the meaning and relevance of merit and efficiency. It is being conveniently forgotten that merit is a cognitive ability, the power to perceive...

by Prashant Negi | On 05 May 2006

Weekend Ruminations: Casting for jobs

The reality of caste representation in the corporate sector may not be out of line with what the government would like.

by T.N. Ninan | On 23 Apr 2006

India’s Pharmaceutical Industry in the WTO Regime: A SWOT Analysis

A SWOT analysis of the Indian Pharmaceutical Industry (IPI) in the WTO regime reveals that the much acclaimed IPI’s expertise in process development skills were made possible by the amendments made...

by N. Lalitha | On 28 Mar 2006

Economic Survey 2005-06, Chapter 5

Prices and Food Management

by Ministry of Finance | On 27 Feb 2006

Economic Survey 2005-06, Chapter 4

Securities Markets

by Ministry of Finance | On 27 Feb 2006

Can Firm Clusters Foster Non-Farm Jobs? Policy Issues for Rural India

The present paper argues that a comprehensive rural industrialisation/cluster development strategy has to be designed within a broader regional development perspective that does not fail to include...

by Keshab Das | On 20 Feb 2006

Decentralisation on Fallow and Fertile Ground: Preparing the Population for Democratic Self-Governance

Decentralizing authority to democratically elected local government is advised for reasons of efficiency and good governance, but equity may suffer if elites capture decision making at the local level...

by Anirudh Krishna | On 16 Feb 2006

Macroeconomic and Monetary Developments: Third Quarter Review 2005-06

Contents I. The Real Economy -- 1 Agricultural Situation Industrial Performance Business Expectations Surveys Services Sector II. Fiscal Situation 14 Combined Government Fi...

by Reserve Bank of India | On 25 Jan 2006

The Mystery of China’s Sinking Stocks

The article exposes the shortcomings of China’s stock markets and examines the failed attempts by the government to introduce meaningful stock-market reform. China has largely avoided major policy blu...

by Weijian Shan | On 07 Jan 2006

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

Until banking sector reforms were introduced in India in 1991, the emphasis in the credit provision through formal banking system was to meet the targets at the expense of the quality of credit and vi...

by Gagan Bihari Sahu | On 08 Dec 2005

False Dawn on Budget Front

Essentially, the Outcome Budget (OB) as formulated now is nothing more than the performance budget with a promise that it would be extended to non-plan outlays too. As an idea, regardless of the labe...

by A. Premchand | On 20 Sep 2005

NAC Concept Paper-A Note On Agriculture And Irrigation

This note highlights the main issues and outlines the proposed action plan in respect of the following five major areas in Agriculture and Irrigation: (1) Augmentation of water resources for irrigati...

by C.H. Hanumantha Rao | On 09 Sep 2005

Crop Insurance Scheme: A Case Study Of Banana Farmers In Wayanad Districts

Crop insurance is recognised to be a basic instrument for maintaining stability in farm income, through promoting technology, encouraging investment, and increasing credit flow in the agricultural sec...

by Manoj Kumar K | On 11 Aug 2005

Aid and Growth: What Does The Cross-Country Evidence Really Show?

We examine the effects of aid on growth--in cross-sectional and panel data--after correcting for the bias that aid typically goes to poorer countries, or to countries after poor performance. Even afte...

by Raghuram G. Rajan | On 06 Aug 2005

Whether SHG-Based Micro-Credit Programmes Can Remove Poverty? A Case Study Of SHG-Based Programmes In Patan District Of Gujarat

In India, the organization of self-help groups, especially for microfinance and microenterprise development programmes constitute a widely accepted development strategy for poverty reduction. This str...

by Anand Tiwari | On 31 Mar 2005