The application of Social Accounting Matrices (SAM) is well established at the national level and provides a comprehensive economic framework. The procedure for developing national SAMs is extensively documented in literature. However, it can also be constructed for smaller economies, such as a...

This paper discusses the estimation of a social accounting matrix that distinguishes between formal and informal activities for China and India for 2000 and 1998-99 respectively. Wage shares for the formal/informal employment for China and net domestic product shares for the formal/informal...

This paper discusses the estimation of a social accounting matrix that distinguishes between formal and informal activities for China and India for 2000 and 1998-99 respectively. Wage shares for the formal/informal employment for China and net domestic product shares for the formal/informal...

This paper estimates the job and wage losses of workers, using the lens of informality, due to lockdown measures undertaken by the Government of India to tackle the spread of COVID-19. It focuses on the first two lockdowns when containment measures in India were most stringent in the world. We...

Currently, the coronavirus has spread to almost all the countries and isfiercely hurting all the economic giants by distorting demand and supply chains. Incontext of India, COVID-19 is an unprecedented shock. Notably, Indian economywas in a precarious state in the pre-COVID period. This pandemic...

Currently, the coronavirus has spread to almost all the countries and is fiercely hurting all the economic giants by distorting demand and supply chains. In context of India, COVID-19 is an unprecedented shock. Notably, Indian economy was in a precarious state in the pre-COVID period. This...

After the great depression of 1930s, present economic slowdown caused by COVID-19 is worst recession faced by the global economy that has laid the adverse impact on all the economic activities across the world. After the spread of COVID-19 many countries, including India, locked down their...

During crises, governments resort to extraordinary fiscal and financial measures to mitigate the recessionary impacts of crises. These macroeconomic intervention measures along with aggregate demand and supply shocks and policy choices would affect the exporting environment of a country through...

Using Periodic Labour Force Survey (PLFS) data, after making appropriate adjustments, we estimate that employment in India’s unorganized or informal manufacturing fell by 2.5 to 7.5 per cent in 2020-21, reflecting the impact of COVID-19. In the previous eight years, the average rate of fall in...

In this paper, an issue of major policy significance pertaining to assessing the impact of COVID-19 beyond the short-term on India’s macroeconomy has been addressed by developing two restricted vector autoregression (VAR) models. These models enable an assessment of the detrimental impact of...