This paper examines the long-run relationship between consumer price index industrial workers (CPI-IW) inflation and GDP growth in India. We collect data on a sample of 14 Indian states over the period 1989-2013, and use the cross-sectionally augmented distributed lag (CSDL)approach of Chudik et...

On the record of poverty and inequality in India over the last thirty or so years, the general scholarly view seems to be that there have been substantial declines in money-metric poverty, that there has been no significant over-time increase in inequality, and that the growth in per capita...

In recent years, inequality has risen in the region alongside rapid economic growth. The widening income gap strengthens the case for a government response, and fiscal policy is one of the most suitable policy instruments to promote a more equitable society that provides opportunities for all....

This paper develops a framework to assess the growth and distribution effects of fiscal resources. Resources are classified as debt, other capital receipts, foreign aid and other unilateral grants, non-tax revenue, including resource rents, seigniorage, and taxes. The framework is used to assess...

This paper investigates the causal nexus between energy consumption, CO₂ emissions, economic growth and trade in India using the Perron (1989) unit root test, Gregory and Hansen (1996) cointegration test and Vector Error Correction Model. The study results exhibit a long-run relationship between...

The link between stock market development and economic activity has always been the subject of considerable debate in the field of economics and it raises empirical question whether stock market development influences economic activity or whether it is a consequence of increased economic...

We examine the political economy causes of India's growth acceleration in the early 1990s, the periods of high growth in the 1990s and early 2000s, and the subsequent slowdown since 2011, drawing from the ESID conceptual framework (Pritchett and Werker 2013) and periodisation of growth episodes...

The Indian Economy is going through a phase of economic slowdown as GDP growth of the last quarter of FY 2019 was registered 5.8 percent. The GDP growth of the first quarter was predicted to go below 5.8 percent. Automobile, Textile, and Real State sector were struggling because of the less...

The purpose of the thesis is to examine how demographic transition affects economic growth with the Indian economy as an extreme example. Econometric estimates of a growth accounting model, including demographic factors, are used to discuss the effect of demographic change on the growth rate of...

The paper evaluates the role of human capital and innovation in economic growth. Human capital and innovation has become crucial for economic growth in the globalized economy. The study compares human capital, innovation parameters and GDP for India and China. Secondary data is used for the...