This paper argues that it is becoming increasingly difficult for most developing countries to achieve rapid growth through industrialization, and especially through export oriented activities. But the key mechanisms seen as driving the industrial take-off in much of the literature (internal...

This study, entitled “Municipal Finance in India – An Assessmentâ€, undertaken for the Development Research Group (DRG), Reserve Bank of India examines the performance of Urban Local Bodies (ULBs) in India. Using data from 35 Metropolitan Municipal Corporations, the study...

This Tenth Nani A. Palkhivala Memorial lecture lecture centres around the role and responsibility of a central bank in a democratic structure. Central banks make macroeconomic policy that influences the everyday life of people; yet they are managed by unelected officials appointed by the...

This note seeks to show that the debate on ‘Pro-Poor Growth’ is sterile and largely academic with few policy insights.

In tribute, a brief note on the rich intellectual trajectory described by I. G. Patel

The crowding-in phenomenon together with inter-sectoral linkages is used in this paper to examine the effect of higher public investment for agriculture on the stable growth of this sector as well as of the entire economy. [Working Papaer 201]. URL:[http://www.cdedse.org/].

A major reform process in the Indian economic policy regime away from a four- decade-long inward orientation has been under way since July 1991 in response to a serious macro-economic crisis. The new policy regime aims at liberalising regulations on domestic economic transactions (including...

The relationship between trade liberalization and industrial productivity in developing countries, drawing upon a large number of studies in Latin America, Africa and Asia is explored. Beginning with a discussion of an appropriate measure of trade liberalization, the paper reviews the...

The poor women in developing countries are burdened with the dual responsibility of taking care of housework and the need to supplement household income to meet the subsistence needs. The on-going flexibalisation process world over has no doubt created new jobs, most of them informal, but they...

We examine the effects of aid on growth--in cross-sectional and panel data--after correcting for the bias that aid typically goes to poorer countries, or to countries after poor performance. Even after this correction, we find little robust evidence of a positive (or negative) relationship...