In this paper we empirically investigate the role of inter-sectoral terms of trade in determining the growth performance of agriculture in Gujarat and All India during the period 1960-2011. Terms of trade reflects price signals and economic incentives for producers and hence could be a...

The present paper discusses some important issues involved in estimation of state income originating in the registered manufacturing sector with illustrations drawn from Gujarat. It highlights the present practices in preparing quick estimates for latest years when results from the regular data...

The 11th Five-Year Plan of India emphasizes the wider and better coverage of services, such as primary healthcare for the majority of population. For this purpose, various healthcare related programmes have aimed at the vulnerable sections of the society traditionally using social criteria like...

Income originating within geographical boundaries of urban and rural areas of Gujarat is estimated for three benchmark years – 1993-94, 1999-00 and 2004-05 - at current prices following the broad methodology and data sources prescribed by the CSO. This is the first such effort made at the...

Traditional concept of the Sacrifice Ratio measures the loss of potential output sustained by the society in the medium term to achieve reduction in the long-run inflation by one percentage point. This concept is critically examined and generalized to include episodes increasing the long-run...

In this paper, we have attempted to estimate the urban – rural income differential (URID) for 15 major states based on readily available data on GSDP by sectors, population and employment by sectors and urban – rural residence. There are three components of the URID, viz., worker population...

Current monetary policy stance is based on assertions that there is no trade-off between inflation and growth and that disinflation will result in more growth. Present study examines recent empirical evidence on India for the direction of causality for growth and inflation, and short-run costs...

Health performance of Gujarat viewed in terms of the Human Development Index (HDI) portrays it as a medium performer in the country. However, the index of health component for Gujarat is found to be positively contributing to the HDI ranking of the state. It is, therefore, crucial to review the...

This paper estimates the short-run aggregate supply curve for the Indian economy over the period 1950-51 to 2008-09. Methodological improvements in this paper include the technique of estimating adaptive expectations, constrained estimation consistent with long run equilibrium, and introduction...

It is hypothesised that the tax revenues of a state economy would be sensitive to the macroeconomic performance of the state economy measured in terms of inflation and the growth of real income. The case of Gujarat state over the period 1980-81 to 1997 to 98 is considered for examining this...