If public expenditure and public revenue are I (0), public debt is sustainable, but if these are I (1) and not cointegrated or have a cointegrating vector different from [1, -1], the public debt is said to be unsustainable. Extant work indicates that India’s public debt is unsustainable. The...

We study the effect of domestic policies and external shocks in a semi-open economy characterized by incomplete liberalization of the financial sector. We argue that in such transition economies stabilization programs can have a negative impact on the fiscal imbalances, offsetting to some extent...

In this paper we compute nutrient-income elasticities for two macronutrients (calories and protein) and five micronutrients (calcium, thiamine, riboflavin, carotene and iron) using an all-India sample of rural households for 1994. We show that in each case the respective elasticities are...

Summary We test for the existence of a poverty nutrition trap (PNT) in the case of calories and four important micronutrients--carotene, iron, riboflavin, and thiamine--for three categories of wages: sowing, harvesting, and others for male and female workers separately using robust sample...

If public expenditure and public revenue are I(0) public debt is sustainable but if these are I(1) and not cointegrated or have a cointegrating vector dierent from [1, -1] the public debt is said to be unsustainable. Extant work indicates that India’s public debt is unsustainable. We...

This paper reports on mean consumption, poverty (all three FGT measures) and inequality during January to June 2004 for rural India using National sample Survey (NSS) data for the 60th Round. Mean consumption at the national level is much higher than the poverty line. However, the Gini...

In this paper we compute nutrient-expenditure elasticities for two macro nutrients (calories and protein) and five micro nutrients (calcium, thiamine, riboflavin, calcium and iron) using an all India sample of rural households for 1994. We show that in each case the respective elasticities are...

This paper tests for market integration in 55 wholesale rice markets in India using monthly data over the period January 1970 - December 1999. The technique of Gonzalez-Rivera and Helfand (2001) is used to identify common factors across various markets. It is discovered that market integration...

The contribution of the present paper is threefold. First, we formally test whether the effect of calorie deprivation on wages is more significant/higher for the lower quantiles of workers. In the extant literature this is established through non-linear terms in the wage equation. A more...

The spatial distribution of poverty in India has emerged as a matter of urgent concern in recent times. Although much of this analysis has concentrated on the poverty experiences of states, there is considerable evidence of wide variations within states particularly, but not exclusively, the...