This paper tries to advance the perspective that the poor and the marginalized in society lack a sense of “participatory equity,†by building a new model where a person’s community identity matters, ex post, in determining if he or she will be poor, even though (unlike in the...

This paper attempts to value the biodiversity functions of India’s natural ecosystems and suggest a method to adjust national (GDP) and state income (GSDP) accounts. The main objectives of this study are: (1) Identify appropriate indicators to assess the state of biodiversity in different...

In economic literature, market failure is said to occur when inter alia under the following conditions. 1) When adequate competition does not exist. 2) Buyers and sellers are not well informed. Without information uneducated decisions are made. 3) Resources are not free to move from one industry...

The historical development of statistics in India is outlined. The application of statistics in RBI and the areas where statisticians can contribute significantly are also given [Speech delivered on The Statistics Day and Annual Conference on Financial Statistics].

For liability rules to be efficient, it is important to take into account the full losses suffered by the victims, while deciding on the amount of damage to be paid by the injurers to the victims. While analyzing the efficiency characteristics of the liability rules it is generally assumed that...

It is incontrovertible that good infrastructure is central to all economic activity. It facilitates efficiency in key economic services, improves the economy’s competitiveness, and generates high productivity and supports strong economic growth. The paper discusses the issues and...

This paper quantifies the impact of terrorism and conflicts on income per capita growth in Asia for 1970–2004. Transnational terrorist attacks had a significant growth-limiting effect. An additional terrorist incident per million persons reduces gross domestic product (GDP) per capita...

For a better part of the year 2007 the state of Pakistan was only half alive. That naturally reduced its capacity, never rated high, to guarantee the people's human rights. Thus, from the point of view of the people's entitlements, their needs as well as their rights, 2007 proved to be one of...

India has undertaken extensive reforms in its manufacturing sector in the last two decades. However, an acceleration of growth in manufacturing, and a concomitant increase in employment, has eluded India. What might be holding the sector back? Using Annual Survey of Industries data at the...

Poverty, property rights and distributional implications of community-based resource management have become major topics of discussion and debate in recent years. This study tries to examine the contribution of community forestry to household-level income with particular emphasis on group...