Using over half a century of R&D data for India, this paper examines the extent to which India's recent growth experience can be explained by R&D, international R&D spillovers, catch-up to the technology frontier and financial liberalization. Furthermore, the paper also tests whether any of the...

Although theory emphasizes the role of financial market frictions in explaining income inequality, there is little empirical research exploring how financial development and financial sector reforms influence the evolution of income inequality. This paper examines how finance impacts on income...

This paper examines the role of financial sector policies in determining private investment in the economies of India and Malaysia. The results suggest that the presence of significant directed credit programs favoring certain priority sectors in the economies appear to be harmful for private...

Exploring the politics of inclusive development : towards a new conceptual approach / Sam Hickey, Kunal Sen, and Badru Bukenya -- The political determinants of economic growth : an analytical review / Kunal Sen -- The politics of what works for the poor in public expenditure and taxation / Paul...