We estimate capacity output and cycles relative to it in India’s non-agricultural sector from 1951 to 2008, defining capacity as the level of output beyond which demand leads to a rise in prices. We postulate a delayed response of the price level of non-agricultural goods and services after...

Institutional efficiency of the Community Forest User Groups (CFUGs) is critical in the trade-off between current and future consumption of fuel wood. This paper examines the impact of the attributes of the CFUG management and user members on households’ time preference for current consumption...

The objective of this paper is to prepare a systematic list of indicators of business recessions and revivals in India for the period 1951-1982. The idea is that an index based on these indicators will enable us to conclude with some confidence that the recessionary or revival trends have become...