This paper analyses the impact of domestic and external shocks on the Indian economy. A macro-modelling framework is developed that evaluates the impact of two domestic shocks (rainfall shortfall and fiscal profligacy) and three external shocks (oil price hike, world trade shock and capital flow...

The paper attempts to explore the technology spillover effects of Foreign Direct Investment (FDI) in Indian manufacturing industries across different selected clusters in India. To measure the spillover effect to domestic firms in a particular cluster, a model is used that combines an innovative...

This paper defines business and growth rate cycles and describes the importance of key coincident indicators and reference chronologies, following reflections on the definition of a recession. The robustness of turning point forecasts based on the indicator approach to business and growth rate...

The paper examines the current problems with the IMF which include: 1) the institution is no longer fulfilling the functions it used to fulfil, nor is there a clear vision of any new functions for it; 2) due to a drastic pruning of its loan operations, it is not receiving enough revenue to cover...

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]....

In the paper there is a use of nation-wide policy of randomly allocating village council headships to women to identify the impact of female political leadership on the governance of projects implemented under the National Rural Employment Guarantee Act in India. Using primary survey data, they...

The report includes a specific recommendation to categorically have a statutory provision imparting genuine independence to the CBI by declaring, for the first time, that it shall not be subject, on the merits of any investigation, to either the administrative Ministry or the Lokpal. Secondly,...