National Council of Applied Economic Research
The success of anti-inflationary stabilization policy depends on the stable demand for money function. Recent developments in econometrics emphasize the need to verify the time series properties of the variables in the demand for money function. In studies with conventional approaches to the estimation of demand for money, this was taken for granted. In this... Read More
In census enumeration a person is counted as literate if he or she can read and write in any language with understanding. In earlier censuses the whole population has been classified into literates and illiterates. From 1951 the questions on literacy have been canvassed among those aged 5 and above only. Since 1991 this classification... Read More
Welfare judgements on distribution of income has often been made on the basis of weighted sum of individual incomes. Scholars proposed various axioms to determine the weights. The set of weights proposed by Chakrabarty (1982) led to a Social welfare function (SWF) involving the normalised Theil's Entropy Measure. We have proposed a few alternative sets... Read More
Poverty alleviation and economic growth is high on the government's policy agenda since independence. Studying the impact of economic growth on income distribution and poverty assumes further significance in light of the ongoing economic reform process in the country. In this paper, income distribution and incidence of poverty in India are derived for the period... Read More
A Social Accounting Matrix (SAM) having 60 production sectors, 2 factors of production namely, labour and capital, and 12 household occupational categories has been constructed for the Indian economy for 1994-95. For construction of SAM the 1989-90 input-output table prepared by the Central Statistical Organisation has been updated. The distribution of personal income among different... Read More
A 10-sectors. 2-factors and 7-household groups Computable General Equilibrium (CGE) model with neoclassical closure is carried out to analyse the relative impact of various taxes and tariffs on the welfare of seven socioeconomic household groups. The policy simulations are based on the equal yield tax rates.
In response to the balance of payments problems, restructuring economies on the recommendation of the World Bank and IMF is taking place all over the world. India embarked on the path of economic reforms in 1991. In fact, from the early eighties distinct policy changes were introduced in the Indian economy in this direction. This... Read More
Conventional economic analysis assumes the existence of 'the interest rate" - a guiding rate that is representative of the interest rate structure and appropriate for use in interest rate modelling. In developing countries like India it is difficult to identify this rate because the market for funds is highly fragmented and collectively generates a plethora... Read More
