There are relatively few theoretical models or empirical analyses of clientelism which analyse the sources and consequences of clientelism. Data from household surveys in rural West Bengal are used to analyse the political clientelism. [BREAD working paper no. 369]....

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 presumption is based on an implicit assumption of infinitely elastic supply of loans. With inelastic...

Budget presented by Finance Minister

Budget Speech by Chidambaram.