In this paper a semiparametric fixed effect estimator is proposed in a partial linear model. The estimator is applied to study the immigrants home-link effect on the U.S. producer trade flows with the home country of the immigrant. The results from this study show that the immigrants support the...

This paper examines the issue of international synchronization of cycles. Using spectral methods we analyze the pattern of co-movement (coherences) of growth rate cycles between countries across frequency bands and overtime. We also examine the lead-lag structure (phase shifts) of country cycles...

The effects of a unilateral cut in emissions (e.g. by Annexure 1 countries in Kyoto) are analyzed in a dynamic two-country two-commodity model. If the fossil fuel is priced at marginal cost, a unilateral cut reduces total emissions (the carbon leakage is less than one hundred percent). But if...

This paper examines the nexus between domestic and foreign financial markets viz. Indian and U.S. money markets, equity markets and the common market for currency. We estimate volatility, spillovers-both in returns and in volatility, and cross-correlations in a multivariate framework for the...

We trace changes in standard-of-living indicators across the three broad caste groups in India in order to comment on the evolution of the relative ranking of "Other Backward Classes" (OBCs). Employing a difference-in-diffrences strategy and analyzing individuals born between 1926-1985, we and...

Earlier studies have documented an “identifiable victim effect”-- people donate more to help individual people than to groups. Evidence suggests that this is in part due to an emotional reaction to the identified recipients, who generate more sympathy. However, stereotype research has shown...

This paper describes business and growth rate cycles with special reference to the Indian economy. It uses the classical NBER approach to determine the timing of recessions and expansions in the Indian economy, as well as the chronology of growth rate cycles, viz., the timing of speedups and...

Outward-oriented economies seem to grow faster than inward-looking ones. Does the literature on convergence have anything to say on this? In the dynamic Heckscher-Ohlin-Samuelson model, with factor-price equalization, there is no convergence of incomes. This is because with identical preferences...

Despite its reduced share in India’s GDP, agriculture continues to have a strategic importance in ensuring its overall growth and prosperity. As part of the new economic policy package introduced in the early nineties, there has been a reduction in the rate of public investment. While this may...

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...