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Publications (20)
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This paper examines the profit-shifting behaviour of emerging multinational firms from India. It is found that the before-tax profitability of subsidiaries differs according to whether they were established directly or via an Offshore Financial Centre (OFC). The impact of the corporate tax rate on...
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– Rules versus discretionary budgets
Past research has provided evidence of clientelistic politics in delivery of programme benefits by local governments, or gram panchayats (GPs), and manipulation of GP programme budgets by legislators and elected officials at upper tiers in West Bengal, India.Using household panel survey data...
– Are non-farm jobs the driver or a brake?
The increasing proportion of non-agricultural work in rural India has commonly been associated with widening income inequality. However, our simulations from the village of Palanpur in the north suggest that without this diversification inequality might well have increased even more. From the mid...
– Five key policies assessed
When Narendra Modi became India’s prime minister in spring 2014 the Indian economy was in the doldrums. There was a clear policy paralysis in India’s central government, in large part due to the high profile corruption cases that involved the central government bureaucracy and politicians at the...
– The potential electoral consequences of demonetisation
In the campaign leading up to the Lok Sabha elections in spring 2014, one of the more important promises that Narendra Modi made was to ‘clean up’ the economy by bringing back to India all the illicit money that was purportedly stashed away overseas. After coming into power, the government led by...
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– the Case Study of India
India did not experience any food price spikes during 2007–08 when global food prices erupted. It was partly due to India’s ban on exports of wheat and common rice. But the fiscal stimulus that the government provided in 2009 in the wake of G8 countries’ call to avert economic recession, coupled...
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– Is There a Case for Public Land Leasing and Sales to Finance India’s Cities?
In this study an attempt has been made to assess the potential of land as a municipal financing tool in four Indian cities, to enable better public service delivery and attainment of the MDGs. The institutional arrangements for land use are fragmented in India’s cities between the urban development...
Blog
It's imperative to demolish myths around the economic achievements of China and India and get a better sense of the real challenges. The author of the book, 'Awakening Giants, Feet of Clay: Assessing the Economic Rise of China and India' (Princeton University Press, 2010) discusses here some of the...
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Do local improvements in infrastructure provision improve city competitiveness? What public finance mechanisms stimulate local infrastructure supply? And how do local efforts compare with national decisions of placing inter-regional trunk infrastructure? In this paper, we examine how the combination...
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– Evidence from China and India
This paper examines the country specific effect of policy reform on infrastructure spending in China and India. In China we have examined how marketization and decentralization has affected the composition of provincial public expenditure and in the case of India we have examined the impact of...
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– CIBS, Capital Flows, and Exchange Rates
This paper discusses the movement of capital flows to and from the exchange rate regimes and monetary policies of China, India, Brazil, and South Africa (CIBS). Furthermore, we compare the level of financial stability, and the composition and duration of capital flows of the countries on a policy...
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– Lessons for the Emerging Economies
Can we use neoclassical growth model to single out the important transmission channels through which external factors or ‘primitives’ affected the Indian economy and caused the remarkable growth of the period 1982–2002? In this paper, we answer the question by applying the new technique of business...
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– Implications for the MDG Poverty Target
In this paper we explore what impact, if any, government debts have on achieving the Millennium Development Goals for the Indian states. To fulfill the goals, national governments, especially in the developing world, have to undertake major investments in the social sector; but how much they will...
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– Implications for a Developing Country
India’s capital account displays a sharp swing in external financing from official assistance to private capital transfers in the 1990s. This paper examines the implications of this transition for the country. An analysis of the private resource transfer reveals that unlike official flows, private...
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– Some Dynamics and Explanations of Unequal Growth across Indian States
This paper documents the convergence of incomes across Indian states over the period 1965 to 1998. It departs from traditional analyses of convergence by tracking the evolution of the entire income distribution, instead of standard regression and time series analyses. The findings reveal twin-peaks...
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– Convergence Empirics of Economic Growth across Indian States
This paper documents the convergence of incomes across Indian states over the period 1965 to 1998. It departs from traditional analyses of convergence by tracking the evolution of the entire income distribution, instead of standard regression and time series analyses. The findings reveal twin-peaks...
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