1,720,966 research outputs found
Fiscal consolidation with high growth: A policy simulation model for India.
Full text linkIn this paper a fiscal consolidation program for India has been presented based on a policy simulation model that enables us to examine the macroeconomic implications of alternative fiscal strategies, given certain assumptions about other macro policy choices and relevant exogenous factors. The model is then used to estimate the outcomes resulting from a possible strategy of fiscal consolidation in the base case. The exercise shows that it is possible to have fiscal consolidation while at the same time maintaining high GDP growth of around 8 percent or so. The strategy is to gradually bring down the revenue deficit to zero by 2014-15, while allowing a combined fiscal deficit for centre plus states of about 6 percent of GDP. This provides the space for substantial government capital expenditure, which translates to a significant public investment program. This in turn leads to high overall investment directly and indirectly, via the crowding in effect on private investment, which drives the high GDP growth. The exercise has also tested the robustness of this strategy under two alternative scenarios of higher and lower advanced country growth compared to the base case.Macroeconomic modelling, Policy simulation, Fiscal policy, India
Fifty years of Asian experience in the spread of education and healthcare
No full textThis paper analyses the dramatic spread of education and healthcare in Asia and also the large variations in that spread across and within countries over 50 years. Apart from differences in initial conditions and income levels, the nature of the state has also been an important determinant of these variations. This is because social development has typically been led by the state. But in most countries, public resource constraints and the growing dependence on private provision and private spending have generated a pattern of nested disparities in the access to education and healthcare between rich and poor regions, between rural and urban areas within regions, and between rich and poor households within these areas. However, as the better-off regions, areas, and households approach the upper limits of achievable education and health standards, a process of convergence is also underway as those left behind begin to catch up
Towards a Manifesto for Reorganising Agriculture
Full text linkProfessor Sharma, distinguished colleagues, ladies and gentlemen allow me to first of all thank the Indian Society of Agricultural Economics and the organisers of this conference, especially the conference President Professor Mahendra Dev, for doing me the honour of inviting me to deliver the first S.R. Sen. Memorial lecture. Dr. Sen was one of our most eminent economists and also a civil servant who served with great distinction after joining the government as the first member of the Indian Economic Service way back in 1938. I think it would be fair to say that among all his many important contributions, both in India and abroad, his primary engagement was with the economics of agriculture. His publications in agricultural economics were well known and much cited (Sen, 1966, 1971). At various times he was also the President of this association, the Indian Society of Agricultural Economics, President of the International Association of Agricultural Economics, the First Chairman of the Governing Body of IFPRI, and Fellow of the American Society of Agricultural Economics. In the Government of India he was also instrumental in establishing the Agricultural Prices Commission, subsequently called the CACP, and the network of agro-economic research centres among other things. It is an excellent initiative of the Society to have instituted this special lecture in his memory
Going Beyond Counting First Authors in Author Co-citation Analysis
Full text linkThe present study examines one of the fundamental aspects of author co-citation analysis (ACA) - the way co-citation
counts are defined. Co-citation counting provides the data on which all subsequent statistical analyses and mappings
are based, and we compare ACA results based on two different types of co-citation counting - the traditional type that
only counts the first one among a cited work's authors on the one hand and a non-traditional type that takes into
account the first 5 authors of a cited work on the other hand. Results indicate that the picture produced through this non-traditional author co-citation counting contains more coherent author groups and is therefore considerably clearer. However, this picture represents fewer specialties in the research field being studied than that produced through the traditional first-author co-citation counting when the same number of top-ranked authors is selected and analyzed. Reasons for these effects are discussed
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