While many developing countries have reformed their financial systems over the last few decades, how an increased level of financial liberalization affects the saving-investment relationship remains unclear. This paper examines the dynamic relationship between the domestic saving and investment...

This paper attempts to shed some light on the role of financial sector policies in generating new knowledge, drawing on the experience of one of the fastest growing and largest developing countries. Using relatively long time series data, the results in this paper indicate that interest rate...

We survey India’s experience with exporting services. We show that the country’s experience is unique in that modern tradable services are a significantly larger share of GDP than in other countries at comparable levels of economic development. This has not always been the case, however;...

Election results are generally hard to predict, and India is no exception. This paper discusses the factors that are important in explaining the results of the 2009 parliamentary elections in India. Our results show that the voters prefer the candidates who have served in the parliament before,...

Introduction. As part of the National Agricultural Innovation Project (NAIP), a potato value chain study was organized in Bihar, in collaboration between the Indian Council of Agricultural Research (ICAR) in Patna, the International Fund for Agricultural Development (IFAD) and the International...

This paper examines the response of voters to candidates who have reported that they have criminal charges against them, within the framework of a simple analytical model which assumes that criminal charges give rise to some stigma amongst the electorate, and result in a negative effect on vote...

With the exception Brander and Drazen (2008), who use a comprehensive cross-country database consisting of both developed and developing countries, the hypothesis that rapid growth helps incumbents win elections has been tested exclusively for the developed countries (e.g., Ray Fair 1978). But...

Many emerging countries in recent decades have relied on a development strategy that focused primarily on promoting the manufacturing sector and the exports of manufactured goods. However, an acceleration of growth of output and employment in manufacturing has eluded India. This is despite the...

The Indian government has provided large subsidies to stimulate the take-off of the cold storage sector. However, the impact of this policy is not well understood. In a case study of the potato sector in Bihar, we find that there have been dramatic increases and rapid up-scaling of cold...

In disadvantaged districts of Bihar, one of the poorest states in India and an area where smallholders dominate, we find that there have been dramatic increases and rapid up-scaling of modern cold storages, triggered by market reform, investment subsidies, and better overall public service...