Energy and other materials scarcities/shortages are the inevitable outcomes of the developmental processes. Therefore, we must have to learn how to do our planning and policy making subject to physical constraints — energy and other natural resources. It calls for a new and different kind of...

Both economic reforms and sustainability have come to the fore at the same time in recent years. In fact, they are contradictory to each other as also their underlying principles conflict with each other. For instance, economic reforms advocate faster rates of growth while sustainability pleads...

With ongoing privatization efforts in emerging economies, governments have supported developmental financial institutions (DFI) to spur entrepreneurial activity in the absence of private venture capitalists. DFIs are quasi-governmental financial institutions with independent managerial control...

Governance of economic and political activities both by private and public institutions is an important source of economic development apart from the conventional sources such as technological progress, capital accumulation and endowment of resources of a nation. China and India are the two...

The access to drugs and development of new drugs to what are called as neglected diseases in developing nations is a major issue. To what extent intellectual property rights (IPRS) facilitate or hinder this is a controversial issue. The harmonization of global IP regime under TRIPS norms has...

The reorganization of the production process in the past two to three decades has led to the emergence of Global Value Chains (GVCs) where the production chain is spread across different geographies. This has in turn led to increased foreign value-added content in each country’s exports as...

We integrate a canonical SIR epidemiological model into a general equilibrium framework with high-skill and low-skill workers, each choosing to work either from their work locations (onsite) or from their homes (remote). Onsite and remote labour are imperfect substitutes, but more substitutable...

Since the economic reforms were launched in 1991, the annual budget of the Union Government has assumed a special aura - as a key signal about the direction of economic policy - or more precisely, as a barometer for liberalization. Earlier budgets presented by Manmohan Singh and P. Chidambaram...

While wealth inequality has attracted attention in the recent inequality literature, such inequalities within the most elementary social unit -- the household -- remain neglected. We develop an empirical framework for measuring intra-household wealth inequality. Using unique individual-level...

Economic development and inequality is known to have an impact on health outcomes. We show this to be true in India where we study the effect of economic status on under and over nutrition. Inequality is measured using income or assets and we show that both matter for malnutrition. We find women...