Capital misallocation is widely thought to be an important factor underpinning productivity and income gaps between advanced and emerging economies. This paper studies how well Indian banks allocate capital across firms with varying levels of productivity. The analysis reveals that the link...

Adverse weather conditions can affect both crop yield quantity and yield quality. In wheat production, especially the risk of a downgrading due to low baking quality, as indicated by the Hagberg Falling Number, can cause large economic losses after precipitation events. We here estimate...

India is aiming at achieving a major shift in energy production and provision from a fossil fuel-based economy to one focussing on clean energy. As a financially constrained context, the move to the use of renewable energy is happening also through foreign investment and centres mostly on...