The purpose of this paper is to measure the influence of information technology (IT) on Japanese economic growth. For this purpose, we first conduct growth accounting analysis for data acquired over the last 30 years, reviewing the contribution of information technology to economic growth. Then...

This note clarifies definitions and derives from first principles the relationship between investment, domestic and foreign savings in order to show that there is underestimation of investment and foreign savings given conceptual macroeconomic definitions and Indian practice. Indian national...

In this paper we attempt to provide a comprehensive understanding of the drivers of academic research and patenting in India. Academic research is conceptualised as a research production process where research inputs (like research time and number of research scholars) are transformed into...

With the availability of ultra high frequency financial data, the task of finding an appropriate econometric model to describe the movement of financial variables at the tick-by-tick level has become an important goal in financial econometric research. The task has both theoretical and empirical...

The consumption-leisure choice model implies that an exogenous change in tax rates will bring about a change in labor supply. This implication is expected to be important to labor supplied by secondary earners under a progressive tax system when spousal income alters effective marginal tax...

Trade liberalization and financial deepening have assumed greater significance for a countrys economic growth performance in recent times. Several theoretical and empirical studies have devoted considerable attention to the association between economic performance and trade liberalization as...

The stochastic frontier model with heterogeneous technical efficiency explained by exogenous variables is augmented with a sparse spatial autoregressive component for a cross-section data, and a spatial-temporal component for a panel data. An estimation procedure that takes advantage of the...

China is rising as a major source of outward direct investment (ODI), but barriers to and protectionism against Chinese investment have been strengthened as well. This situation reflects inherent flaws in the architecture governing international investment. This paper identifies three of...

The Centre for Policy Dialogue(CPD) has been carrying out the Executive Opinion Survey in collaboration with World Economic Forum (WEF) since 2001.This is the tenth survey. Along with WEF’s Executive Opinion Survey (based on questionnaires developed by the WEF) ,CPD also conducted seventh...

The Centre for Policy Dialogue(CPD) has been carrying out the Executive Opinion Survey in collaboration with World Economic Forum (WEF) since 2001.This is the tenth survey. Along with WEF’s Executive Opinion Survey (based on questionnaires developed by the WEF) ,CPD also conducted seventh...