Coastal cities around the world are locales of high vulnerability. The issues are graver in the developing world where the challenges posed by the urbanisation and climate change multiply the existing risks. Here, we examine the case of Kochi, an Indian city located at the centre of a rapidly...

Weather experts around the world are foreseeing a strong El Niño in 2014. In India, these developments are feared to lead to droughts. In the last 14 years, out of the four El Niño years globally, three resulted in Indian droughts. Since the 1980s, all the six droughts faced by India were in...

This paper studies the design of optimal fiscal policy when a government that fully trusts the probability model of government expenditures faces a fearful public that forms pessimistic expectations. We identify two forces that shape our results. On the one hand, the government has an incentive...

When deciding on the social desirability of public investment, the cost of a project is sometimes adjusted by a factor known as the Marginal Cost of Public Funds (MCP F ), which captures the cost of raising public funds through distortionary taxation. However, there is no scholarly consensus on...

This paper investigates the time allocation of women in Ghana as a trade-off between domestic chores and market-oriented activities when households are provided with water and electricity infrastructure. Using the Ghana Living Standards Survey, Round Four, we find that the time spent on...

In this paper, we analyze a dynamic stochastic general equilibrium model on how water resilience affacts economic growth and dynamic welfare with special reference to South Africa. While water may become a limiting factor for future development in general, as a drought prone and water poor...

Indian agriculture is estimated to be consuming about 78 percent of total fresh water resources available in the country. Yet, more than half of the gross cropped area is still dependent on rains. Extremely skewed allocation of scarce irrigation water amongst crops and inefficient use of the...