In the 1970s-1980s, monetary authorities were usually more active than their fiscal counterparts. After some crises, fiscal policy is currently regaining its role in implementing economic policies. As a sequel to estimating the Indian monetary reaction function, this paper models and estimates a...

Evidence on the association between traditional poverty measures and health is widely available in the literature. However, the traditional ex-post poverty measures neglect many aspects of household welfare by overlooking the risk that a household faces in view of fewer resources available to...

This paper examines the impact of liberalisation reform on export performance of India. The empirical analysis involves estimating an export demand-supply model for manufacturing and merchandised exports, applying ARDL approach to cointegration using annual data for the period 1975-2008. The...

ndia's National Rural Employment Guarantee Scheme (NREGS) has been hailed as one of the country's most creative social initiatives. Since the program was begun only recently (in 2004-05) there is a need to assess household access to this program and persistence of benefits to households not just...

This paper has two main objectives. First, it computes capital flight (CF) through trade misinvoicing from India using data from UNCOMTRADE, MIT Observatory of Economic Complexity and IMF E-library. India's trade with 17 countries over the period 1988-2012 is considered. We find that CF has...

Advancements in information and communications technologies (ICTs) have increased the possibilities for trade in modern services and many Asian emerging and developed economies are participating increasingly in these new trade activities. This paper examines the export performance of these...

This paper provides a broad overview of welfare schemes in India and their impact on social protection during a period of high economic growth. It summarizes India's performance with respect to select economic and social indicators relative to select low and middle income countries in the Asia...

This paper examines the emerging trends and patterns of merchandise trade in Southeast Asia and their implications for growth and structural changes in domestic manufacturing, with emphasis on the on-going process of global production sharing. The analysis reveals that participation in global...

As China becomes more industrial and urbanized, it is likely to become more dependent over time on imports of (especially land-intensive) farm products, most notably livestock feedstuffs. If farmers are slow to adjust to their declining competitiveness, for example by obtaining off-farm...

The end of the ethnic conflict in Sri Lanka in 2009 generated widespread expectations of a period of sustained economic growth, building on the achievements of the liberalisation reforms sustained over three previous decades. However, recent developments have dampened that optimism, rekindling...