This paper contributes to two strands of literature on empirical models of trade flowsand trade policy. The first and the older strand is that of gravity models of bilateraltrade flows going back to Hans Linneman (1966) and Tinbergen (1962) and its recentapplications, particularly by Adams et al...

This paper discusses some puzzles in the contemporary macroeconomic scene in India, from the perspective of public finance and economic development. These include a fiscal deficit higher than it was during the 1991 crisis, but without a large current account deficit or rise in inflation or...

In this paper we examine several dimensions of economic reform in India, in the context of the country’s federal system and of globalization, i.e., we explicitly recognize that the national government has subnational governments below it, and that all these layers of government simultaneously...