India's development experience over the past fifty years suggests that the increasing importance of the services sector deserves analysis.  The literature on structural change has emphasised changing patterns of demand as an explanation for the increasing importance of the services sector.  In...

While use of contract teachers provides a low-cost way to increase teacher numbers, it raises the quality concern that these less trained teachers may be less effective.  We estimate the causal contract-teacher effect on student achievement using school fixed effects and value-added models of...

Using new and unique panel data, we investigate the role of long-term health and childhood malnutrition in schooling outcomes for children in rural India, many of whom lack basic numeracy and literacy skills.  Using data on students' performance on mathematics and Hindi tests, we examine the...

This paper identifies the effect of neighborhood peer groups on childhood skill acquisitions using observational data.  We incorporate spatial peer interaction, defined as a child's nearest geographical neighbors, into a prodiction function of child cognitive development in Andhra Pradesh,...

This paper revisits the issue of the intra-household of education with the recently available India Human Development Survey which refers to 2005 and covers both urban and rural areas.  In addition to the traditional Engel method, the paper utilizes a Hurdle model to disentangle the decision to...

This paper looks at some recent work on estimating quadratic variation using realised variance (RV) - that is sums of M squared returns. This econometrics has been motivated by the advent of the common availability of high frequency financial return data. When the underlying process is a...

Labour force participation in India is found to respond to a plurality of causal mechanisms. Employment and unpaid labour are both measured using the 1999/2000 Indian National Sample Survey. Men`s labour-force participation stood at 85% and women`s at 35%. The overall rate of labour force...

This paper provides an overview of school education in India. Firstly, it places India`s educational achievements in international perspective, especially against countries with which it is now increasingly compared such as BRIC economies in general and China in particular. India does well...

In this paper we study the reliability of the mixed normal asymptotic distribution of realised variance error, which we have previously derived using the theory of realised power variation. Our experiments suggest that the asymptotics is reliable when we work with the logarithmic transform of...

This paper provides limit distribution results for power variation, that is sums of powers of absolute increments, for certain types of time-changed Brownian motion and $alpha $-stable processes. Special cases of these processes are stochastic volatility models used extensively in financial...