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
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
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
Integration of the domestic market for funds with foreign money markets is a natural corollary of financial sector liberalisation. For a transition economy like India, therefore, we assume interest rates to be a combination of an autarkic rate as in a closed economy and the uncovered interest parity rate as in a completely open economy.... Read More
The objective of the study is to estimate the poverty alleviation effects that depend on the change in average income received by various population groups resulting from the growth of a sector's output and on the strength of poverty sensitivity. The poverty alleviation effects in rural India are estimated under four alternative market regimes using... 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
In recent years there has been considerable discussion on the enhancement of our understanding of what constitutes economic development and human well being. Income growth as an indicator of development has been subjected to considerable questioning. A view has emerged that the understanding of economic development has to be achieved by supplementing income measurement with... Read More