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underdevelopment itself? Or do the societies that are poor today hold certain cultural views that lead to gender inequality? This …
Persistent link: https://www.econbiz.de/10010945569
Most developing countries continue to face serious problems in developing adequate and responsive tax systems. This paper reviews the three principal ways in which developing countries may expand and improve their taxation systems - base-broadening, rate reduction, and administrative improvement...
Persistent link: https://www.econbiz.de/10005170187
Why is underdevelopment so persistent? One explanation is that poor countries do not have institutions that can support … growth. Because institutions (both good and bad) are persistent, underdevelopment is persistent. An alternative view is that … underdevelopment comes from poor education. Neither explanation is fully satisfactory, the first because it does not explain why poor …
Persistent link: https://www.econbiz.de/10005528313
What are major factors behind underdevelopment of corporate bond market in India? One of the major bottlenecks to the …
Persistent link: https://www.econbiz.de/10010568000
Is there sufficient allocation for children in the budgets? [HAQ CRC].
Persistent link: https://www.econbiz.de/10010945218
The FRBM Act was reflective of the shared commitment across political parties towards fiscal conservatism. A decade later, the picture, as reflected in the Union Budget, is yet to change for the better. And given the interests that the current Government represents, a real departure from the...
Persistent link: https://www.econbiz.de/10010945244
When analyzing the appropriate response for monetary policy during a currency crisis it is important to keep in mind two distinct channels: (a) the impact of raising interest rates on exchange rates; and (b) the direct impact of exchange rate changes on output. The first pertains to the monetary...
Persistent link: https://www.econbiz.de/10005341684
An important method of managing resources to finance consistent and balanced human development lies in the reprioritisation of current expenditure in accordance with the urgent needs and shortfalls in particular areas. Such reprioritisation should also lead the states to a better macroeconomic...
Persistent link: https://www.econbiz.de/10005341702
Theoretical literature identifies two variants of crowding out in an economy–real and financial. The real (direct) crowding out occurs when the increase in public investment displaces private capital formation broadly on a dollar-for-dollar basis, irrespective of the mode of financing the...
Persistent link: https://www.econbiz.de/10005341705
For many decades, macro-policy in India was conducted in an environment with five key elements: Agricultural shocks rather than a conventional business cycle; A closed economy; deeply distortionary tax policy coupled with a fiscal crisis; financial markets that lacked speculative price discovery,...
Persistent link: https://www.econbiz.de/10005341747