Showing 1 - 10 of 1,159
We compare the recent economic performances of China and India using a simple growth accounting framework that produces … roughly double that of India at the aggregate level, and also higher in each of the three sectors in both sub-periods. In …'s aggregate productivity growth. In contrast, 45 percent of the growth in India in the second sub-period came in services …
Persistent link: https://www.econbiz.de/10012465713
India seems to have followed an idiosyncratic pattern of development, certainly compared to other fast-growing Asian … economies. While the emphasis on services rather than manufacturing has been widely noted, within manufacturing India has … they stem from the idiosyncratic policies adopted soon after India's independence. We then look to the future, using the …
Persistent link: https://www.econbiz.de/10012466646
While India is distinctive among developing countries for its fast-growing service sector, sceptics have raised doubts …
Persistent link: https://www.econbiz.de/10012461900
How should industrial policies be directed to reduce distortions and foster economic development? We study this question in a multi-sector model with technology adoption, where the production of goods and modern technologies features rich network structures. We provide simple formulas for the...
Persistent link: https://www.econbiz.de/10014512084
This paper uses the factor augmented regression framework to analyze the relation between bond excess returns and the macro economy. Using a panel of 131 monthly macroeconomic time series for the sample 1964:1-2007:12, we estimate 8 static factors by the method of asymptotic principal...
Persistent link: https://www.econbiz.de/10012463461
Analyses of public policy regularly express certitude about the consequences of alternative policy choices. Yet policy predictions often are fragile, with conclusions resting on critical unsupported assumptions. Then the certitude of policy analysis is not credible. This paper develops a...
Persistent link: https://www.econbiz.de/10012462448
Business cycles reflect changes over time in the amount of trade between individuals. In this paper we show that incorporating explicitly intra-temporal gains from trade between individuals into a macroeconomic model can provide new insight into the potential mechanisms driving economic...
Persistent link: https://www.econbiz.de/10012461366
seasonal forecasts of monsoon weather. We find that in areas where the forecast is accurate (has "skill") that investment …, migration and rural wages respond to forecasts. We calculate that if such skill were pervasive across India, the total value of … an accurate forecast for farmers and wage workers is in the tens of billions of rupees …
Persistent link: https://www.econbiz.de/10012479843
India's case fatality rate (CFR) under covid-19 is strikingly low, trending from 3% or more, to a current level of … least partly due to India's younger age distribution. In this paper, we use age-specific fatality rates from 14 comparison … countries, coupled with India's distribution of covid-19 cases to "predict" what India's CFR would be with those age …
Persistent link: https://www.econbiz.de/10012481244
the agricultural production cycle. We show theoretically that a forecast of good weather can lower wages in the planting …
Persistent link: https://www.econbiz.de/10012458855