Available evidence suggests high intergenerational correlation of economic status, and persistent disparities in health status between the rich and the poor. This paper proposes a novel mechanism linking the two. Health human capital is introduced into a two-period overlapping generations model....

The task of the Sub-committee was to review the existing methodologies for estimating the contribution of unorganized/informal sector to GDP and suggest measures to facilitate direct estimation. The Group reviewed the 'Labour input method' contained in an OECD publication titled 'Measuring the...

The Fisher's equation has become a foundation stone of modern macroeconomic, monetary and financial theories. Here it is shown that despite the estabilished status of Fisher's equation, it stands on a rather shaky foundations. URL:[http://www.gipe.ac.in/pdfs/working%20papers/wp24.pdf].

Focusing on the power sector, Wheeler estimates energy growth and incremental costs for six low-carbon energy technologies (biomass, solar, wind, geothermal, hydro, and nuclear) in 174 countries from 1990 to 2008. He finds that developing countries on average have paid a fair share of their...

A review of the various primary measures of inflation with a particular reference to the divergence between WPI and CPI. Focus is also given on different secondary (derived) measures of inflation, particularly core inflation, and end the discussion with some thoughts on the way forward. [Speech...

This paper distinguishes the contribution of information and communication technology (ICT) sector to economic development by manufacturing and service activities in Karnataka State. Using the available data in the national and State income accounts, the contribution of manufacturing ICT...

Part I of the Budget speech by Finance Minister

Government healthcare expenditures have been growing much more rapidly than GDP in OECD countries. For example, between 1970 and 2002 these expenditures grew 2.3 times faster than GDP in the U.S., 2.0 times faster than GDP in Germany, and 1.4 times faster than GDP in Japan. How much of...

Is there a gender gap in mathematics across many low- and middle-income countries? A detailed, comparable test score data is used to analyze this. Micro level data on school performance linked to household demographics shows that the gender gap appears to increase with age. It is shown that...

Inter-state diversity has been a perennial feature of Indian agriculture. The study probes if per capita income in Indian agriculture has converged across states in the last four and a half decades. It finds strong evidence in favour of beta convergence but not in favour of sigma convergence....