The macroeconomic policy responses to COVID-19 pandemic and the
impact of the pandemic on economic growth, and the level of consumption are analysed. The COVID-19 crisis is a dual crisis - public hea... Section: Working Papers
by Divy Rangan | On 05 May 2020 The macroeconomic uncertainty created by COVID-19 is hard to measure. The
situation demands simultaneous policy intervention in terms of public health
infrastructure and livelihood. Along with the g... Section: Working Papers
by Lekha S. Chakraborty | On 13 Apr 2020 Indian courts are clogged with large backlogs. Part of the reason for the problem is that cases take a very long time to move through the courts. It slows progress of court cases is harmful for the In... Section: Working Papers
by Pratik Dutta | On 25 Mar 2019 This paper compares the additional gains from higher tax devolution in the post
14th FC period, with the additional burden due to the withdrawal of certain central schemes and the changes in the shar... Section: Working Papers
by Amarnath H. K. | On 15 Mar 2019 Gender budgeting is a public policy innovation to transform the gender commitments into budgetary commitments. The political economy process of gender budgeting in India has encompassed four distinct... Section: Working Papers
by Lekha Chakraborty | On 15 Mar 2019 A comprehensive multistage Value Added Tax (VAT) system, viz., Goods and Services Tax (GST), is introduced in India since 1 July 2017. GST encompasses various taxes from Union and State indirect tax b... Section: Working Papers
by Sacchidananda Mukherjee | On 27 Feb 2019 This paper examines the availability and spread of private hospitals in the country to provide insights on the potential access to insured health services in GSHIS schemes. It uses three sets of infor... Section: Working Papers
by Mita Choudhury | On 19 Feb 2019 Extant studies deciphering public expenditure on old-age income support in India carry limitations on (a) system expanse, (b) corresponding data collation, and therefore (c) depth of resource conscrip... Section: One pager
by Mukesh Kumar Anand | On 01 Feb 2019 The paper explored deep analytical issues such as the nature of the objective function to be optimized, planning horizon, choice of the discount rates, etc. No wonder, his book “Capital and Developmen... Section: Working Papers
by Vijay Kelkar | On 25 Jan 2019 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... Section: Working Papers
by Renuka Sane | On 24 Jan 2019 Identification of primary economic activity of ¬firms is a prerequisite for compiling several macro aggregates. This paper takes a statistical approach to understand the extent of changes in primary e... Section: Working Papers
by Radhika Pandey | On 22 Jan 2019 This study investigates the macroeconomic effects of public debt in India using a Structural Vector Auto regression (SVAR) framework for the period from 1980 to 2017. The objective of this study is to... Section: Working Papers
by Ranjan Kumar Mohanty | On 22 Jan 2019 In recent years, many emerging economies including India have adopted inflation targeting framework. Post the global financial crisis, there is a growing debate on whether monetary policy should targe... Section: Working Papers
by Ila Patnaik | On 21 Jan 2019 This article applies theoretical concepts from the law and economics literature on insolvency to identify the sources of these two problems in insolvency law. It then applies these theoretical concept... Section: Working Papers
by Pratik Datta | On 15 Dec 2018 This paper evaluates the quality of privacy policies of five popular online services in India from the perspective of access and readability. The paper ask – do the policies have specific, unambiguous... Section: Working Papers
by Rishab Bailey | On 11 Dec 2018 The paper investigates dynamic relationship between physical infrastructure, financial development and economic growth in the case of India, using an Autoregressive Distributed Lag (ARDL) and Toda-Yam... Section: Working Papers
by Ranjan Kumar Mohanty | On 05 Dec 2018 Intergovernmental fiscal transfers (IGFT) are, in theory, neither good nor bad for tackling gender inequalities. Fiscal federalism with asymmetry in revenue and expenditure assignments inevitably lead... Section: Working Papers
by Janet G. Stotsky | On 30 Nov 2018 The Government of India launched the Ujwal DISCOM Assurance Yojana (UDAY), in November 2015, with an objective of “Power for All”. Under the UDAY scheme, selected States agreed to convert 75 per cent... Section: Working Papers
by Amandeep Kaur | On 22 Nov 2018 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... Section: Working Papers
by Apoorva Gupta | On 05 Nov 2018 This paper classifies the arguments around data localisation into three broad categories - the civil liberties perspective; the government functions perspective and the economic perspective. It examin... Section: Working Papers
by Rishab Bailey | On 31 Oct 2018 This paper presents an overview of India’s health capacity in managing disaster risks. It looks at demographic, epidemiological and developmental transitions in India and how that impacts decision mak... Section: Working Papers
by Supriya Krishnan | On 30 Oct 2018 This paper analyses the dramatic spread of education and healthcare in Asia and also the large variations in that spread across and within countries over fifty years. Apart from differences in initial... Section: Working Papers
by Sudipto Mundle | On 06 Oct 2018 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... Section: Working Papers
by Renuka Sane | On 06 Apr 2018 The paper begins with a brief overview of the characteristics of the bands. After that, it presents a review of the approaches different countries have taken while releasing this spectrum, and a secti... Section: Working Papers
by Suyash Rai | On 02 Apr 2018 This paper attempts to understand what drives the public expenditure efficiency among the States. For this, it looks at the role of economic growth as well as quality of governance. The results of inp... Section: Working Papers
by Ranjan Kumar Mohanty | On 19 Mar 2018 Gender budgeting is a fiscal approach that seeks to use a country’s national and/or local budget(s) to reduce inequality and promote economic growth and equitable development. While literature has exp... Section: Working Papers
by Lekha Chakraborty | On 08 Mar 2018 Ujwal DISCOM Assurance Yojana (UDAY) required number of State governments to take over debt of power distribution companies in their books of accounts. Though this one time intervention made both debt... Section: Working Papers
by Pinaki Chakraborty | On 06 Mar 2018 The paper examines the impact of conditional fiscal transfers on public employment across gender in India taking the case of the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS). Th... Section: Working Papers
by Lekha Chakraborty | On 28 Feb 2018 This paper makes an attempt to assess whether this instrument has succeeded in bringing about the desired changes. A unique database is constructed on the basis of these country positions. Using this... Section: Working Papers
by Suranjali Tandon | On 15 Feb 2018 This paper evaluates the current status of the Indian Rupee as an international currency using the Chinn and Frankel (2008) framework, and explores the possibility of future Indian Rupee international... Section: Working Papers
by Shekhar Hari Kumar | On 07 Feb 2018 Delhi is one of the most polluted cities in the world, especially in the winter months from October - January. These months coincide with the religious festival of Diwali. It is argued that air qualit... Section: Working Papers
by Dhananjay Ghei | On 06 Feb 2018 This paper presents the business cycle chronology for the Indian economy. Two distinct phases are analysed. The pre-1991 period when the cycles were mainly driven by monsoon shocks. The post 1991 phas... Section: Working Papers
by Radhika Pandey | On 29 Jan 2018 The paper discusses the changes in the new 2011-12 base year series of the Index of Industrial Production (IIP) to ask, whether the new series has improved our under-standing of the growth in the manu... Section: Working Papers
by Radhika Pandey | On 29 Nov 2017 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... Section: Working Papers
by Ajay Chhibber | On 04 Sep 2017 The present study assesses the public procurement system and recent reform initiatives in India and outlines the need for changes in the institutional frameworks. Section: Working Papers
by Bhabesh Hazarika | On 31 Jul 2017 The key policy issues in this field pertain to detachment benefits, totalization procedure and ensuring greater coverage under these agreements. Section: Working Papers
by Atul Tiwari | On 27 Jul 2017 The existing studies on trade misinvoicing have focussed on the discrepancy in reported trade statistics between developing and developed countries. The estimates based on such methods rely on the ass... Section: Working Papers
by Suranjali Tandon | On 04 Jul 2017 The paper examines the issue of resource adequacy for Right to Education (RTE) by estimating the resource requirement for universalization of elementary education across twelve Indian States. Using RT... Section: Working Papers
by Sukanya Bose | On 01 Jul 2017 This paper illustrates the use of information on withdrawals by Drawing and Disbursing Officers (DDOs) for improving estimates of public spending for National Health Accounts (NHAs) in India. Using in... Section: Working Papers
by Mita Choudhury | On 01 Jul 2017 Growing demand for public expenditures, limitations in expanding fiscal space and limited scope to deviate from common harmonized tax system under the proposed Goods and Services Tax (GST) regime may... Section: Working Papers
by Sacchidananda Mukherjee | On 19 May 2017 The paper argue that the judicial statistics that are currently collected are inadequate for understanding and solving the problem of judicial delay. It propose a new approach to collecting data, whic... Section: Working Papers
by Prasanth Regy | On 02 May 2017 Budget 2017-18 was presented at the time when the global situation is inhospitable, marked with
protectionism and domestic environment is constrained by the twin balance sheet crisis. The investment
... Section: Working Papers
by M Govinda Rao | On 01 May 2017 The world of high technology companies is seen as a dynamic area with a rapid pace of creative destruction. There is, however, a class of industries where there are strong network effects, where the m... Section: Working Papers
by Smriti Parsheera | On 03 Apr 2017 Under the Constitution of India, for a bill to be enacted into a law, it has to be approved by both Houses of the Parliament - the Lower House (Lok Sabha) and the Upper House (Rajya Sabha). There is o... Section: Working Papers
by Pratik Datta | On 07 Mar 2017 Building on the early work of Mitchell and Burns (1938,1946), the automatic leading indicator (ALI) approach has been developed over the last few decades by Geweke (1977), Sargent and Sims (1977), Sto... Section: Working Papers
by Parma Chakravartti | On 01 Mar 2017 The objective of the paper is to highlight the reforms needed in the tax system to improve the
revenue productivity of the tax system to conform to the vision of accelerating economic growth and
dev... Section: Working Papers
by M. Govinda Rao | On 28 Feb 2017 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... Section: Working Papers
by Pratap Ranjan Jena | On 06 Jan 2017 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... Section: Working Papers
by Ashok K. Lahiri | On 31 Dec 2016 Conventional wisdom suggests that, to negate fiscal externalities imposed by provinces which
spend too much and raise lower local resources, central authority should always be a first mover
in the t... Section: Working Papers
by Bodhisattva Sengupta | On 07 Nov 2016 The objectives of monetary policy have always been a topic of intensive debate. This debate has
resurfaced during the past few years. In India too monetary policy-making appears to have
undergone si... Section: Working Papers
by Lokendra Kumawat | On 07 Sep 2016 During the recent episode of persistently high food inflation in India, the role of rent seeking activities of food suppliers emerged as the centre of debate in the country. The rent seeking activitie... Section: Working Papers
by Rudrani Bhattacharya | On 23 Aug 2016 India is moving towards introducing a Goods and Services Tax (GST). The GST
would be a multistage comprehensive value added tax (VAT) encompassing both
goods and services. Given the federal structur... Section: One pager
by Sacchidananda Mukherjee | On 03 Aug 2016 This paper examines the link between quality of governance, public expenditure and human development outcomes in the state of Madhya Pradesh. The role of governance is measured in five dimensions: Pol... Section: Working Papers
by N R Bhanumurthy | On 20 Jul 2016 The paper examines the public financial management (PFM) of Sikkim focusing mainly on resources generation effort and budget management practices. We note that any deviation from the Central transfers... Section: Working Papers
by Pratap R Jena | On 17 May 2016 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... Section: Working Papers
by R.Kavita Rao | On 18 Apr 2016 Using the method of optimal control, when an incumbent politician derives utility from voting support and dis-utility from budgetary deficit, the equilibrium time paths of both voting support and budg... Section: Working Papers
by Ganesh Manjhi | On 26 Feb 2016 In this paper, we analyze the sources of output growth in the past three decades
and discuss the outlook going forward. Projections are made for the growth of factors of
production and the growth of... Section: Working Papers
by Ila Patnaik | On 15 Jan 2016 This paper analyses
the benefit incidence of public health spending on inpatient service delivery, categorised by
region, gender and economic class. Inpatient morbidity data among quintile-wise MPCE... Section: Working Papers
by Kausik K. Bhadra | On 02 Dec 2015 There are several challenges before introduction of GST and these can be classified into two broad heads – a) GST Design and Structure related, and b) GST Administration and Institutional. On design r... Section: Working Papers
by Sacchidananda Mukherjee | On 01 Sep 2015 This paper attempts to discuss India’s options to collaborate with
China at the event of the formation of new financial institutions and how should India engage with
China’s new Silk Road strategy. Section: Working Papers
by Ajay Chhibber | On 01 Sep 2015 It is often emphasised that seigniorage financing of public sector deficits is technically a “free
lunch” if the economy has not attained the full employment levels. However, conservative
macroecono... Section: Working Papers
by Lekha S. Chakraborty | On 01 Sep 2015 Against the backdrop of the new monetary policy framework, this paper analyses the determinants of inflation in the deregulated financial regime. The paper upfront has been kept free from adherence to... Section: Working Papers
by Lekha Chakraborty | On 01 Aug 2015 Average food inflation in India during the period 2006-2013 was one of the
highest among emerging market economies, and nearly double the inflation
witnessed in India during the previous decade. In... Section: Working Papers
by Rudrani Bhattacharya | On 01 Jun 2015 This paper presents an empirical model for minimising selection failure by tax departments in selecting cases for scrutiny assessment. This model also provides a new methodology for estimating tax gap... Section: Working Papers
by Sudhanshu Kumar | On 01 May 2015 There are many contours that would define the Indian banking sector in the coming days. It would be important for the banks to keep track of emerging trends and be prepared not only to negotiate thro... Section: Working Papers
by S.S. Mundra | On 29 Jan 2015 The paper explores the impact of the existence of such a mechanism on the effectiveness of various policy instruments in influencing outcomes on the official foreign exchange markets and GDP. The pape... Section: Working Papers
by R.Kavita Rao | On 01 Jan 2015 This paper attempts to study financial access of unorganized manufacturing enterprises in India given their importance to the economy and the fact that finance has been the main constraint on their gr... Section: Working Papers
by T.A. Bhavani | On 01 Jan 2015 This paper attempts to study financial access of unorganized manufacturing enterprises in India given their importance to the economy and the fact that finance has been the main constraint on their gr... Section: Working Papers
by T.A. Bhavani | On 01 Jan 2015 The importance of strengthening the human development (HD) achievements in a country to augment its growth potential is well known in development literature. Several initiatives to enhance the HD leve... Section: Working Papers
by Sacchidananda Mukherjee | On 01 Jun 2014 Tthe first objective of this study is to construct a cost disability index in provision of developmental infrastructure. The second objective is rooted in the poor state of developmental infrastructur... Section: Working Papers
by Ritu Pandey | On 01 Apr 2014 The World Water Development Report is produced by the World Water Assessment Programme, a programme of UN-Water hosted by UNESCO, and is the result of the joint efforts of the UN agencies and entities... Section: General
by Environmental Management & Policy Research Institute | On 21 Mar 2014 This paper focusses on the interaction between fossil fuels and farming in India, to capture total intensity of fossils in farming and offer some evidence on inflationary impact of fossil fuel price i... Section: Working Papers
by Mukesh Kumar Anand | On 01 Feb 2014 This paper on the mining sector is an attempt to analyse the sector, in particular, at its competitiveness. Against the backdrop of the Planning Commission’s High-level Committee Report on National Mi... Section: Working Papers
by Lekha Chakraborty | On 01 Jan 2014 Gender Responsive Budgeting (GRB) as an innovation has four specific components: knowledge processes and networking; institutional mechanisms; learning processes and building capacities; and public ac... Section: Working Papers
by Lekha Chakraborty | On 01 Jan 2014 Time use statistics is highly neglected in the studies on gender budgeting. The integration of this into this process remains partial or even nil across countries. This paper takes up these issues and... Section: Working Papers
by Lekha Chakraborty | On 01 Oct 2013 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.... Section: Working Papers
by Pratap Ranjan Jena | On 01 Apr 2013 In this paper it is examined whether a favourable fiscal rule had impact on fiscal balance but what lies behind a particular outcome in a rule based fiscal regime. Often time it is argued that fiscal... Section: Working Papers
by Pinaki Chakraborty | On 01 Apr 2013 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... Section: Working Papers
by Bharatee Bhushan Dash | On 01 Feb 2013 This paper attempts to analyse the benefit incidence of health spending in the context of India. Benefit incidence analysis (hereafter BIA) is used here. This is a methodology that addresses this ques... Section: Working Papers
by Lekha Chakraborty | On 01 Dec 2012 The determinants of exports of services, distinguishing between modern and
traditional services are considered. The growth of export volumes and so-called export surges –
periods of rapid sustained... Section: Working Papers
by Barry Eichengreen | On 01 Nov 2012 This paper identifies the important economic activities that use diesel and discusses the contribution of those sectors in GDP. Other important petroleum products and, their limited substitution possi... Section: Working Papers
by Mukesh Kumar Anand | On 01 Oct 2012 What are the response of voters to candidates who have reported that they have criminal charges against them? A analysis within the framework of a simple analytical model which assumes that criminal c... Section: Working Papers
by Bhaskar Dutta | On 01 Oct 2012 This paper focuses on the assessment of energy savings potential in seven highly energy consuming industries. The paper estimates the energy savings potential for each of these industries using unit l... Section: Working Papers
by Manish Gupta | On 01 Sep 2012 A historical narrative of Bihar is provided context to much of its current state, Focus is given on its contemporary economy in the past three decades to better understand the moribund state of its ec... Section: Working Papers
by Arnab Mukherji | On 01 Sep 2012 What is ‘good’ governance?
Can the quality of governance be measured? And how do state
governments in India measure up by such a measure?
[Working Paper no. 104]. URL:[http://www.nipfp.org.in/neww... Section: Working Papers
by Sudipto Mundle | On 31 Jul 2012 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... Section: Working Papers
by Sanjay Banerji | On 30 Jun 2012 India’s experience with exporting services is examined. The country’s experience is distinctive in that services, especially modern tradable
services, comprise a significantly larger share of GDP tha... Section: Working Papers
by Barry Eichengreen | On 30 Mar 2012 This study examines whether the allocation of public expenditures of
the Indian states are significantly influenced by government specific political
characteristics. Three types of government specif... Section: Working Papers
by Bharatee Bhusana Dash | On 20 Mar 2012 The transfer system in India is discussed and analyses expenditure
needs of States to provide essential health infrastructure. It also analyzes the fiscal space for
health care in terms of stimulati... Section: Working Papers
by M Govinda Rao | On 17 Mar 2012 This paper analyses the impact of transmission of international oil prices and domestic oil price pass-through policy on major macroeconomic variables in India with the help of a macroeconomic policy... Section: Working Papers
by N R Bhanumurthy | On 12 Mar 2012 Welfare Economics is fortunate that there are two Fundamental Theorems of Welfare Economics. Positive Economics on the other hand is seemingly endowed with none. One of the fundamental results of Posi... Section: Working Papers
by Anjan Mukherji | On 08 Mar 2012 A closed model DSGE model of the Indian economy is developed and it is estimated
by Bayesian Maximum Likelihood methods using Dynare. A model is build up in stages to
with a number of features impo... Section: Working Papers
by Vasco Gabriel | On 24 Nov 2011 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... Section: Working Papers
by Nicoletta Batini | On 21 Nov 2011 This paper evaluates the Millenium Development Goals (MDGs) as a framework for measuring development and, subject to qualifications arising from that evaluation, assesses how India is doing in terms o... Section: Working Papers
by Sudipto Mundle | On 11 Nov 2011 With the exception Brander and Drazen (2008), who use a comprehensive cross-country
database consisting of both developed and developing countries, the hypothesis that rapid
growth helps incumbents... Section: Working Papers
by Poonam Gupta | On 31 Oct 2011 The New Pension System in India and the
progress that has been made since its introduction in 2004 is described. It then identifies the
challenges ahead. It also documents the state of military pens... Section: Working Papers
by Renuka Sane | On 26 Sep 2011 This paper compares different
approaches to the short term forecasting (nowcasting) of real GDP growth in India and
evaluates methods to optimally gauge the current state of the economy. Univariate
... Section: Working Papers
by Rudrani Bhattacharya | On 01 Jul 2011 Theory of allocation of time revealed that historically market-time
has never consistently been greater than the non-market time and
therefore the allocation and efficiency of latter may be equally... Section: Working Papers
by Lekha S. Chakraborty | On 29 Jun 2011 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... Section: Working Papers
by Nicoletta Batini | On 13 May 2011 The rise of China in the world economy and in international trade has raised the
possibility of a rise of the Yuan as an international currency, particularly after the
Chinese authorities have under... Section: Working Papers
by Vimal Balasubramaniam | On 03 May 2011 This paper presents a comprehensive set of stylised facts for business cycles in
India from 1950 - 2009. India's business cycle in the pre 1991 economy is compared with the post 1991
Indian economy,... Section: Working Papers
by Ila Patnaik | On 27 Apr 2011 In 2010 and 2011, there has been a fresh wave of interest in cap-
ital controls. India is one of the few large countries with a complex
system of capital controls, and hence others an opportunity to... Section: Working Papers
by Ila Patnaik | On 21 Apr 2011 In this paper the authors first develop a two-bloc model of an emerging open economy interacting with
the rest of the world calibrated using Indian and US data. The model features a
fina... Section: Working Papers
by Nicoletta Batini | On 10 Apr 2011 This article estimates the proportion of grain "diverted" from the Public Distribution System (PDS) to the open market, using the well-established method of matching state offtake figures published by... Section: Working Papers
by Reetika Khera | On 21 Mar 2011 There are large
variations among the G20 countries in their deceleration experiences, transmission
mechanisms and their current macroeconomic outlook. Hence, this paper argues that
each country nee... Section: Working Papers
by Sudipto Mundle | On 14 Mar 2011 The objective of this study is to review the analytical literature on the
relationship between decentralisation and development, bring out the impact of
decentralisation on economic development from... Section: Working Papers
by M.Govinda Rao | On 07 Mar 2011 This paper examines the strategy for obtaining adequate resources for the
Indian State, where the goals of the State comprise the provision of public
goods (which, by defi nition, benefi t everyone)... Section: Working Papers
by Vijay Kelkar | On 17 Feb 2011 This paper attempts to analyse the experience of incentivising economic
reforms at the state level through central transfers to states. It reviews the
experiences of the central government introdu... Section: Working Papers
by M. Govinda Rao | On 09 Feb 2011 What is the best inflation measure in India? What inflation measure is most relevant for monetary policy making in India? Questions
of timeliness, weights in the price index, accuracy of food price m... Section: Working Papers
by Ila Patnaik | On 06 Feb 2011 The important recommendations of the Thirteenth Finance Commission (THFC) can be categorised under the
following heads:
• Enhanced vertical devolution from 30.5 to 32 per cent of divisible pool of
... Section: Working Papers
by Pinaki Chakraborty | On 31 Jan 2011 India embarked on reintegration with the world economy in the early 1990s. At first, a certain limited opening took place emphasizing equity
flows by certain kinds
of foreign investors. This openin... Section: Working Papers
by Ajay Shah | On 10 Jan 2011 The key features of Indian finance is summarised. With
a growing savings rate and a growing share of private corporate capital forma-
tion, and with a high growth rate of GDP, Indian finance is rapi... Section: Working Papers
by Ajay Shah | On 02 Jan 2011 The focus of this paper is to examine the approach of the Commission in
regard to its Terms of Reference (ToR) and analyse the recommendations relating to its main task, namely
tax devolution and gr... Section: Working Papers
by M Govinda Rao | On 07 Dec 2010 Traditional explanations for trade misinvoicing -- high custom duties
and weak domestic economies — are less persuasive in a world of high
growth emerging markets who have low trade barriers. A 35-
... Section: Working Papers
by Ila Patnaik | On 22 Oct 2010 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... Section: Working Papers
by Ajay Shah | On 16 Oct 2010 In this paper a fiscal consolidation program for India has been presented based
on a policy simulation model that enables us to examine the macroeconomic
implications of alternative fiscal strateg... Section: Working Papers
by Sudipto Mundle | On 09 Aug 2010 The past forty years or so has seen a remarkable transformation
in macro-models used by central banks, policymakers and forecasting
bodies.This papers describes this trans formation from reduced-for... Section: Working Papers
by Paul Levine | On 31 Jul 2010 Capital controls can induce large and persistent deviations from
the Law of One Price for cross-listed stocks in international capital
markets. A considerable literature has explored rm-speci c fac... Section: Working Papers
by Matthieu Stigler | On 29 Jul 2010 Prior to the Asian financial crisis, most Asian exchange rates were de facto pegged
to the US Dollar. In the crisis, many economies experienced a brief period of extreme flexibility. A `fear of float... Section: Working Papers
by Ila Patnaik | On 18 May 2010 Over 330 million people live in India’s cities; 35 cities have a population of over a
million and three (Mumbai, Delhi, and Kolkata) of the 10 largest metropolises in the world
are in India. India’s... Section: Working Papers
by M. Govinda Rao | On 21 Apr 2010 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... Section: Working Papers
by Dilek Demirbas | On 16 Feb 2010 India has an elaborate system of capital controls which impede cap-
ital mobility and particularly short-term debt. Yet, when the global
money market fell into turmoil after the bankruptcy of Lehman... Section: Working Papers
by Ila Patnaik | On 11 Jan 2010 Capital account openness and exchange rate flexibility in 11 Asian countries are examined. Asia has made slow progress on de jure capital account openness,
but has made much more progress on de facto... Section: Working Papers
by Ila Patnaik | On 04 Jan 2010 China and India have both attempted distorting the exchange rate in order to foster exports-led growth. This is described as the Bretton Woods II framework, where developing countries buy bonds in the... Section: Working Papers
by Ila Patnaik | On 30 Aug 2009 This paper examines the decoupling hypothesis for India. This paper analyses business cycle synchronization between India and a set of industrial economies, particularly the United States, over the pe... Section: Working Papers
by Shruthi Jayaram | On 19 Jun 2009 The paper aims to assess the fiscal health of five urban agglomerations (UAs) in India viz. Delhi, Hyderabad, Kolkata, Chennai, and Pune. The sample consists of five corporations and sixty three small... Section: Working Papers
by Simanti Bandyopadhyay | On 01 Mar 2009 This report presents an analysis of the strategy required to generate the required resources for investment in various services necessary to achieve the MDGs. The analysis attempts to quantify the fis... Section: Working Papers
by M. Govinda Rao | On 01 Mar 2009 An analysis of the economic implication of judicial
activism of the apex court of India in the regulation of automotive air
pollution is analysed. It estimates the health damage cost of urban air po... Section: Working Papers
by Ramprasad Sengupta | On 16 Jan 2009 The paper contours of a feasible design of VAT in India. It also takes on board the various alternatives proposed. It looks at the issues that need resolution and the options available for resolving t... Section: Working Papers
by R.Kavita Rao | On 01 Nov 2008 This paper analyses interrelationships between ‘economic development’, ‘health’, and ‘environment’ in a simultaneous equations framework. The endogenous variables chosen for the model are GDPPC (per c... Section: Working Papers
by A L Nagar | On 17 Oct 2008 In India, year-on-year percentage changes of price indexes are widely used as the measure of inflation. In terms of monthly data, each observation of a one-year change in inflation is the sum of twelv... Section: Working Papers
by Rudrani Bhattacharya | On 10 Aug 2008 The paper argues that irrespective of the wording of the Terms of Reference
(ToR), the Commission would do well to focus on its primary task of recommending
transfers to serve the objective of equit... Section: Working Papers
by M.Govinda Rao | On 06 Aug 2008 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... Section: Working Papers
by Ajay Shah | On 24 Jul 2008 A practitioner’s perspective of fiscal policy, and economic reforms. Section: Working Papers
by Y V Reddy | On 14 May 2008 For many decades, macro-policy in India was conducted in an environment
with five key elements: ˆ Agricultural shocks rather than a conventional business cycle; A closed economy; deeply distorti... Section: Working Papers
by Ajay Shah | On 13 May 2008 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... Section: Working Papers
by Ila Patnaik | On 10 May 2008 This paper reviews India’s experience to understand how services sector
liberalisation can generate (welfare) gains for developing countries, in particular vis-à-vis its employment generation potenti... Section: Working Papers
by Suparna Karmakar | On 14 Mar 2008 Since 1993, India’s currency regime is said to be a managed float, a “market determined exchange rate” in the sense that there is a currency market and the exchange rate is not visibly administrativel... Section: Working Papers
by Ila Patnaik | On 10 Jul 2007 The Eleventh Schedule added to the Constitution by the
Seventy-third Amendment lists twenty-nine functions devolvable by
States to Panchayati Raj Institutions (PRIs). States were free to set
the sp... Section: Working Papers
by Indira Rajaraman | On 28 May 2007 An important method of managing resources to finance consistent and
balanced human development lies in the reprioritisation of current
expenditure in accordance with the urgent needs and shortfalls... Section: Working Papers
by Tapas K. Sen | On 13 May 2007 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... Section: Working Papers
by Anit Mukherjee | On 02 Mar 2007 Given the importance of urban public services in attracting firm location, increasing employment and facilitating economic growth, in this paper, the author examines the following questions: Is there... Section: Working Papers
by Kala Seetharam Sreedhar | On 23 Dec 2006 Theoretical literature identifies two variants of crowding out in an economy–real and financial. The real (direct) crowding out occurs when the increase in public investment displaces private capital... Section: Working Papers
by Lekha S. Chakraborty | On 21 Dec 2006 During the last few years there has been a significant attempt to change the status of women in Morocco. Considerable efforts have been made to incorporate mainstream gender in socio-economic policies... Section: Working Papers
by M.Govinda Rao | On 01 Nov 2006 With the strengthening of the fiscal decentralisation
process in the Philippines, local government units (LGUs) were provided
with more opportunities in terms of local level gender responsive
budge... Section: Working Papers
by Lekha S. Chakraborty | On 01 Oct 2006 This paper analyses the scope and limitations of gender responsive budgeting in Mexico within the overall framework of fiscal decentralisation. However, decentralised gender responsive budgeting can b... Section: Working Papers
by Lekha S. Chakraborty | On 01 Sep 2006 The increase in direct taxes has not been able to offset the decline that resulted from the reduction in customs tariff and decline in excise revenue. The task facing the policymakers now is to explor... Section: Working Papers
by Amaresh Bagchi | On 14 Dec 2005 This paper deals with the challenges of fiscal federalism in
planned economies. Planned economies through their various policy instruments to
control the resource allocation introduce several source... Section: Working Papers
by M.Govinda Rao | On 06 Dec 2005 The Indian tax reform experience can provide useful lessons for
many countries due to the largeness of the country with multilevel fiscal
framework, uniqueness of the reform experience and difficult... Section: Working Papers
by M.Govinda Rao | On 10 Nov 2005 An attempt
has been made to understand the factors leading to the worsening
situation of the state finances. Investigations reveal that the revenue
receipts of the state could not keep pace with ex... Section: Working Papers
by N K Bishnoi | On 05 Jun 2005 This paper measures environmental efficiency (EE) and environmental productivity (EP) and analyses differences in these across countries. It explores the macroeconomic factors that could explain these... Section: Working Papers
by Surender Kumar | On 14 Mar 2005 For a country like India that contains a large number of Urban Agglomerations (UAs), suburbanisation has drawn little attention of the literature. I focus on this sparsely studied issue in this work.... Section: Working Papers
by Kala Seetharam Sridhar | On 20 Dec 2004 The paper identifies those elements in the configuration of fiscal parameters
confronting the country that give cause for concern, and examines whether the fiscal
reform measures taken address these... Section: Working Papers
by Indira Rajaraman | On 20 Oct 2004 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... Section: Working Papers
by Surender Kumar | On 17 Mar 2004 Simultaneous relationship between telecommunications and the economic growth,
using data for developing countries are examined. Using 3SLS, a system
of equations that endogenize economic growth and... Section: Working Papers
by Kala Seetharam Sridhar | On 15 Mar 2004 The paper examines the asymmetric features in Indian
federalism and evaluates its contribution. There are discussions on the special
arrangements in the Indian constitution to accommodate special ca... Section: Working Papers
by M Govinda Rao | On 14 Feb 2004 An attempt has been made to discuss various aspects of unpaid household work such as its treatment in the system of National Accounts, and the methodologies of its valuation. With the help relevant da... Section: Discussion Papers
by R N Pandey | On 09 May 2001 Cost effective policies allow minimising the compliance costs associated to
reaching a desired environmental quality target. In this paper a conceptual model has been developed to examine the complia... Section: Working Papers
by Rita Pandey | On 20 Dec 2000 The present study attempts to analyse the effect of capital gains and inheritance taxes on individual decisions to migrate. [NIPFP WP no. 81]. Section: Working Papers
by Martin David | On 12 Jul 1987 |