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The evolution of income in India from 2014–19 is analysed, and it is found that the lower end of the income distribution has experienced significant losses the bottom ventile shows not only a decline in income share of ~41% but also a negative real average income growth of -5.5% per annum. Further investigating the composition of this part of the distribution using rural and ....
This article presents a comparative analysis of poverty reduction and pro-poorness of growth in Gujarat and Tamil Nadu during the post-reform period. We use the unit-level data of the Consumer Expenditure Surveys of the National Sample Survey Office to estimate the poverty ratio for both rural and urban areas of these states. The first period (1993–94 to 2004–05) recorded a ....
The paper estimates a slew of augmented Taylor rule specifications using call and treasury bill rates. After accounting for break points, we calculate the output gap based on a single-index dynamic factor extracted from monthly high-frequency indicators that are representative of broad sectoral activity. In our study, we found that interest rates in India are mostly in line ....
Ronald Findlay, who passed away in October 2021, was one of the great trade theorists of his generation. As this column by one of his former students explains, he will be remembered for his brilliant intellect, his encyclopaedic knowledge of theory and history, and most of all for his modesty, warmth and supportive friendship. ....