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...

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...

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...

Part I of the Budget speech by Finance Minister

One of the burning issues at the moment relates to increasing the “voice†or representation of emerging-market economies in international financial institutions such as the IMF and World Bank. There are many issues and challenges facing the monetary policy in emerging markets. In the...

Using exogenous variation in the salaries of local legislators across Brazil’s municipal governments this paper examines whether higher wages attract better quality politicians and improve political performance. The analysis exploits discontinuities in wages across municipalities induced...

Th is study, which is supported by the ministries of fi nance and the central banks of the BRICS, focuses on synergies and complementarities between the economies, highlighting their role as growth drivers of the world economy. Th e emphasis is on best practices, areas of cooperation, and...