Budget speech by Minister of Finance. [Ministry of Finance]. URL:[http://www.finance.gov.pk/budget/budget_Speech_12_13.pdf].

This study uses micro data and an OLG model to show that general equi- librium forces are critical for understanding the relationship between aggregate fertility and household savings. [BREAD WP No. 415].

This paper attempts to examine technical efficiency and productivity performance of Indian scheduled commercial banks, for the period 1979-2008. A model is constructed using multiple output/multiple input technology production frontier using semiparametric estimation methods. The endogenity of...

The study traces the trends in industrial growth against the backdrop of the overall economic growth in Kerala under the influence of the ongoing economic reforms and evaluates it against the performance of Karnataka, Tamilnadu and all-India [WP No. 310].

Analysis is made to the extent of barriers to entry in Indian manufacturing by empirically quantifying the height of these barriers. Econometric estimation of the height of the barriers for 1991 and 1996 shows that the height of barriers increased in 1996 at the aggregate level. An examination...

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 difficulties in calibrating reforms due to institutional constraints. This paper details the evolution of...

Second Generation Reforms (SGR) has become the new buzz-word around policy circles. In fact, a few governments (Central government included) have gone ahead and proclaimed that they have already initiated SGR. Of course, it is not made clear whether these SGR are being initiated after having...

The introduction of economic reforms often hurts entrenched vested interests, which had prospered under state-led evelopment. For the ruling political party that introduces reforms, alienating such interests results in loss of political support and jeopardises re-election prospects. One approach...

The States, relative to the Centre, have taken the centre-stage in the reform process since the areas of highest national priority now fall essentially within the purview of the States. The unique and productive partnership between the RBI and the State Governments in securing the progress of...

The East Asian crisis of 1997-98 and the Mexican crisis of 1994 generated much concern among policy analysts regarding the role of macroeconomic policies in the management of capital inflows. A series of economic reform measures including liberalization of foreign capital inflows were initiated...