The analysis focuses on immigrants and native-born individuals because employers are likely to have less reliable signals of productivity for an immigrant than a native-born individual. Using multiple data sets, the paper presents a robust empirical finding that the wage gains associated with...

Inflation management is one of the hardest tasks an economic policymaker has to undertake. It appears, at first sight, that one can rely entirely on commonsense to carry out this task. But that will be a cardinal mistake. While inflation policy does require judgment and intuition, it is...

The objective of this paper is to place in the public domain various facets and dimensions of black money and its complex relationship with the policy and administrative regime in the country. The paper also presents the framework, policy options, and strategies that the Government of India has...

The paper starts by recapitulating the basic arguments provided by economic theory to explain the existence of the patent system. The paper then concentrates on the three important ICT industries viz., telecommunication equipment, computer hardware and semiconductor industries. The issues...

This paper tries to examine the sustainability aspect of the rate of growth (rog) in recent years, designated as ‘the second phase of liberalisation’. This paper is based on the Keynesian framework which envisages that output in the economy is demand determined and therefore the rog...

The paper argues that economism and, in particular, the individual drive to maximize utility and amass profit are not enough to ensure the efficient functioning of an economy; and that even for elementary economic activities, such as trade, exchange and contracting to occur smoothly, it is...

This article focuses on the Open Knowledge Definition and the Panton Principles for Open Data in Science. Some of the tools the group has developed to facilitate the generation and use of open data and the potential uses are discussed. This can encourage further movement towards an open...

Review of : India’s Long-Term Growth Experience: Lessons and Prospects by Sadiq Ahmed. Sage India, New Delhi, February 2007.

In late March the release of data on sale of new homes in the US showed that it had dropped 10 per cent, the biggest drop in nine years. In the immediate aftermath of this report, the US currency gave up some ground against the Euro and other major currencies. Bond yields dropped and rate hike...

The collection of papers demonstrates that the human right to development in essence brings together several distinct but not mutually inconsistent streams of philosophical, political, economic and socio-legal thoughts and traditions.