[email protected] Research Page: Columbia University 1999-2004 Ph.D., Economics Thesis Superviso
Total Page：16
File Type：pdf, Size：1020Kb
Load more
Recommended publications
-
State of the Economy
Part 2 State of the Economy Economic Survey Vol 2 Chapter 1 First Advance Estimates of 2019-20 • Growth in real GDP during 2019-20 is estimated at 5.0 per cent, as compared to 6.8 per cent in 2018-19 • Fixed investment as percentage of GDP at current prices is estimated to be 28.1 per cent in 2019-20, lower as compared to 29.3 per cent in 2018-19 (Table 6) • Key indicators of the economy are reflected in Table 8. • Given a 4.8 per cent real GDP growth in H1 of 2019-20, the first Advance Estimates imply that growth in H2 of 2019-20 will witness an uptick over H1 of 2019-20. • Reasons: • NIFTY India Consumption Index picked up for the first time this year with a positive year-on-year growth of 10.1 per cent in October 2019 as compared to negative growth in the previous months. • The growth continues to remain positive • Reinstating the positive confidence in Indian economy the secondary market continues to be upbeat • Foreign investors continue to show confidence in India. • The country has attracted a net FDI of US$ 24.4 billion in April- November of 2019-20 as compared to US$ 21.2 billion in April-November of 2018-19 • Net FPI inflow in April-November 2019-20 • The terms of trade for farmers has been improving and will lead to increase in rural consumption- food inflation since April 2019 has been rising. • Industrial activity is on a rebound and is showing signs of pick up= IIP in November 2019 has registered a growth of 1.8 per cent as compared to a contraction by 3.4 per cent in October 2019 and by 4.3 per cent in September 2019 • Growth in merchandize exports has been improving as reflected in a contraction by 0.8 percent in Q3 2019-20 which was smaller as compared to a contraction by 3.7 per cent in Q2 2019-20. -
What to Expect from Indian Prime Minister Manmohan Singh's U.S. Visit
What to Expect from Indian Prime Minister Manmohan Singh’s U.S. Visit By Caroline Wadhams and Aarthi Gunasekaran September 25, 2013 Despite ongoing turmoil in the Middle East, the Obama administration continues its steady pursuit of a foreign policy makeover, reorienting its attention and resources to the Asia-Pacific—specifically India. Following a number of high-level visits by American officials to India, including Vice President Joe Biden’s trip in July and Secretary of State John Kerry’s trip in June, Indian Prime Minister Manmohan Singh will meet with President Barack Obama tomorrow during his second official trip to Washington as prime minister.1 During the meeting, President Obama and Prime Minister Singh will likely focus on the following six issues in the U.S.-India relationship: • Trade and investment • Defense cooperation • The U.S.-India civil nuclear deal • Climate change and clean energy • Immigration reform • Security issues and the strategic partnership 1 Center for American Progress | What to Expect from Indian Prime Minister Manmohan Singh’s U.S. Visit For the Obama administration, underlying these discussions will be the unmet expecta- tions of the U.S.-India relationship, a relationship envisioned as the cornerstone of the U.S. rebalance to the Asia-Pacific. While there were high hopes following the U.S.-India civil nuclear deal in 2008 and Prime Minister Singh’s 2009 visit to Washington, many U.S. policymakers have been disappointed by the Indian government’s failure to deepen the partnership by implementing the civil nuclear deal, making India more open to investment opportunities for U.S. -
Daily Updated Current Affairs–08.03.2019 to 10.03.2019
DAILY UPDATED CURRENT AFFAIRS–08.03.2019 TO 10.03.2019 NATIONAL The Supreme Court's Constitution Bench has referred the Ram Janmabhoomi-Babri Masjid dispute case for court-appointed and monitored mediation for a "permanent solution". Supreme Court has appointed a 3 member panel of mediators. Former apex court judge Justice (retd) F M Kallifulla will head the panel of mediators in the case. Other members of the panel of mediators include spiritual guru Shri Shri Ravi Shankar and senior advocate Sriram Panchu. The Court directs that the panel of mediators will file a progress report of the mediation proceedings within four weeks and the process should be completed within eight weeks. President Ram Nath Kovind launched the Pulse Polio programme for 2019 By administering polio drops to children on the eve of the National Immunization Day (10th March) at the Rashtrapati Bhawan. More than 17 crore children of less than five years across the country will be given polio drops as part of the drive to sustain polio eradication from the country. The Mizoram Cabinet approved the proposed Mizoram Liquor Prohibition Bill,2019. Liquor was prohibited in the state from 1997 till January 2015 with the Mizoram Liquor Total Prohibition Act in force. The previous Congress government had allowed opening of wine shops in the state from March 2015. Railways Minister Piyush Goyal announced that all mountain railways in India will now have glass- enclosed coaches. Vista dome coaches have large windows on the sides and glass panels on the roof to provide better viewing experience. Oil Minister Dharmendra Pradhan announced that 7 crore LPG connections have been distributed within the last 34 months under the Pradhan Mantri Ujjwala Yojana (PMUY). -
A China Round of Multilateral Trade Negotiations
A China Round of Multilateral Trade Negotiations Aaditya Mattoo and Arvind Subramanian Abstract Until recently, the World Trade Organization (WTO) has been an effective framework for cooperation because it has continually adapted to changing economic realities. The current Doha Agenda is an aberration because it does not reflect one of the biggest shifts in the international economic and trading system: the rise of China. Even though China will have a stake in maintaining trade openness, an initiative that builds on but redefines the Doha Agenda would anchor China more fully in the multilateral trading system. Such an initiative would have two pillars. First, a new negotiating agenda that would include the major issues of interest to China and its trading partners, and thus unleash the powerful reciprocal liberalization mechanism that has driven the WTO process to previous successes. Second, new restraints on bilateralism and regionalism that would help preserve incentives for maintaining the current broad non-discriminatory trading order. JEL Codes: F1, F2, F5 Keywords: China, trade, multilateralism, WTO, Doha agenda Working Paper 277 www.cgdev.org December 2011 A China Round of Multilateral Trade Negotiations Aaditya Mattoo World Bank Arvind Subramanian Center for Global Development Aaditya Mattoo works with the Development Economics Research Group, World Bank. Email: [email protected]. Arvind Subramanian is senior fellow at the Center for Global Development and at the Peterson Institute for International Economics. Email: [email protected]. The authors are grateful to Richard Baldwin, C. Fred Bergsten, Chad Bown, Bernard Hoekman, Gary Hufbauer, Pascal Lamy, Patrick Low, Will Martin, Zanny Minton-Beddoes, and Martin Wolf for helpful discussions and useful comments, and, in particular, to an anonymous referee for detailed comments. -
Raghuram Rajan
EXECUTIVE BRIEFINGS POLITICS AND ECONOMY: RAGHURAM RAJAN Adit Jain, IMA India June 2016 A fine innings India’s economy is precariously perched. Its current account deficit has crossed 5% of GDP. Fiscal imprudence over successive years has led to high deficits, which in turn have created sticky retail inflation in the 10-12% range. Foreign exchange reserves are down to USD 280 billion and both industrial output and investment have shrunk. Adding to the misery has been a rude shock dealt by the United States Federal Reserve through an announcement that it proposes to taper its bond buying programme. The ensuing taper tantrum is leading investors to dump emerging market assets fearing the end of cheap money. Consequently, the Rupee has come under a bear hammering shedding around a quarter of its value. Liquidity is tight and analysts are worried about external solvency and a balance of payments crisis. Adding to all of this is a threat, most serious, of a sovereign downgrade by rating agencies. All this happened in the autumn of 2013 when an academic from the University of Chicago was brought in to assume charge as Governor of India’s Reserve Bank. In a few months from now, Raghuram Rajan will complete his three-year term in office. The disquiet within the markets is whether he will get a second term. As this note will argue, he richly deserves it. It is within the bounds of tradition that central bank Governors in India are given extensions and usually serve for two terms. Very few have not done so. -
The Evolution of Institutions in India and Its Relationship with Economic Growth
The Evolution of Institutions in India and its Relationship with Economic Growth Arvind Subramanian Senior Fellow, Peterson Institute for International Economics and Center for Global Development, and Senior Research Professor, Johns Hopkins University April 2007 I am grateful to Josh Felman, Ejaz Ghani, Ajay Chhibber, Shanta Devarajan, Nurul Islam, Simon Johnson, Devesh Kapur, Sanjay Kathuria, Deena Khatkhate, Kalpana Kochhar, Utsav Kumar, Pratap Bhanu Mehta, Nandan Nilekani, Raghuram Rajan, C. Rammanohar Reddy, Krishna Srinivasan, and S. Sriramachandran for useful discussions. This paper draws upon work with my colleagues, Prachi Mishra and Petia Topalova. An anonymous referee and the editors provided helpful comments. Manzoor Gill and Thoihen Singh provided excellent assistance with data. 2 I. Introduction The tepid-to-torrid transformation in India’s economic growth since the early 1980s is one of the big stories of recent times. Whereas “Midnight’s children” saw their standard of living double over forty years, Midnight’s grandchildren—the “India Shining” generation—can expect a five- or six-fold improvement in their lifetimes. But how have India’s public economic institutions fared over this period? And what is their relationship with this growth transformation? This paper represents a modest and preliminary attempt at answering these questions. On the first, this paper presents some stylized facts and new empirical evidence on the evolution in selected public institutions in India. The main finding is that, at least based on the limited number of institutions explored in this paper—the bureaucracy and judiciary-- there does not seem to be evidence of improvements in the average quality of institutions over time; if anything, the evidence leans in the other direction. -
Research & Publications
ISSN 2320 –2114 Research & Publications Annual Report 2019–2020 Research and Publications Team Prof. Jishnu Hazra Chairperson, Research and Publications Members of Research and Publications Committee Prof. Jishnu Hazra Prof. Mukta Kulkarni Prof. Pulak Ghosh Prof. Chetan Subramanian Prof. Prithwiraj Mukherjee Prof. Abhinav Anand Prof. Gopal Das Research and Publications Team Nirmala Manoj Project Executive Chitralekha A D Copy Editor I Strategy (S) RESEARCH AND PUBLICATIONS ANNUAL REPORT 2020 (April 2019 – March 2020) Strategy (S) Strategy 1 Contents Preface 3 Research Output 4 IIMB Cases at Harvard Business Publishing (HBP) 6 Leading Journal Publications 8 Awards, Honours, and Achievements 10 Area-wise Publications and Research Output I Strategy (S) 11 II Economics and Social Sciences (ESS) 35 III Finance and Accounting (F&A) 60 IV Marketing (M) 78 V Organisational Behaviour & Human Resource Management 87 (OB&HRM) VI Productions and Operations Management (P&OM) 106 VII Decision Sciences (DS) 119 VIII Information Systems (IS) 134 IX Centre for Public Policy (CPP) 139 X Entrepreneurship 158 XI Centre for Corporate and Governance and Citizenship (CCGC) 164 XII Data Centre and Analytics Lab (DCAL) 166 XIII Supply Chain Management Centre (SCMC) 175 XIV Centre for Teaching and Learning (CTL) 181 XV Israel Centre (IC) 183 XVI India Japan Study Centre (IJSC) 187 XVII IIMB Research Seminar Series 189 Contents Author Index 196 2 Preface IMB’s vision and mission entail thought leadership, innovation and I excellence in education. The faculty at IIMB engages in original academic research and in developing case studies to expand the frontiers of knowledge and evolve tools for an enriching classroom experience. -
Monday, July 12, 2021 Tuesday, July 13, 2021
JULY 12-15, 2021 On Zoom every day during 6:30 to 9:30 pm IST and at equivalent times in other zones (time clock) Participation in the India Policy Forum 2021 is by invitation. Invitations are non-transferable. Click here for Biosketches of the participants MONDAY, JULY 12, 2021 All times are IST 6:30–8:00 pm Welcome Remarks Surjit S Bhalla, Executive Director IMF & Governing Body Member, NCAER Introduction to the 18th India Policy Forum Poonam Gupta, NCAER; Barry Bosworth, Brookings Institution; Karthik Muralidharan, University of California, San Diego & NCAER The 3rd T.N. Srinivasan Memorial Lecture “Responding to COVID-19 amidst Market and Government Failures” Speaker: Shanta Devarajan, Georgetown University & NCAER Chair: Rukmini Banerji, Pratham Education Foundation 8:00–9:30 pm Big, Open Data for Development: A Vision for India [Paper] Sam Asher, Johns Hopkins; Aditi Bhowmick, Development Data Lab; Alison Campion, Development Data Lab; Tobias Lunt, Development Data Lab; Paul Novosad, Dartmouth College, Development Data Lab Chair: Suman Bery, Bruegel & former Director General, NCAER Discussants: Robert J. Cull, World Bank Ashwini Deshpande, Ashoka University TUESDAY, JULY 13, 2021 All times are IST Welcome to the 2nd day of the IPF 2021 & general instructions 6:30–8:00 pm Analysing India's Exchange Rate Regime [Paper] Rajeswari Sengupta, IGIDR; Ila Patnaik, NIPFP Chair: Raghuram Rajan, University of Chicago & former RBI Governor Discussants: Poonam Gupta, NCAER Prakash Loungani, IMF 8:00–9:30 pm IPF POLICY ROUNDTABLE ONE The future of economic reforms: 30 years after “बता तेरी रजा �ा है? (What’s your wish?)” Looking Back to Look Ahead Conversations with four Finance Secretaries on the next round of reforms Moderator: K.P. -
Preview | Eclipse: Living in the Shadow of China's Economic Dominance
ECLECLIPSEIPSE: LivingLiving in the in Shadow the of ChiShadowna’s Economic Dominance of ChiArvindna’s Subramanian Economic Dominance Peterson Institute for International Economics Arvind Subramanian Peterson Institute for International Economics Praise for Eclipse: Living in the Shadow of China’s Economic Dominance “Parts of Eclipse read like a wonky version of Rising Sun, Michael Crichton's 1992 novel of Japanese dominance over the U.S. when Tokyo was seen as speeding toward number one. But Mr. Subramanian is a first-class economist who uses his book to discuss provocatively U.S.-Chinese relations and the nature of economic power.” —Wall Street Journal “If you want to understand the true magnitude of the shift in economic power that is currently changing the world, Eclipse is the book to read-- provocative, well argued and elegantly written.” —Liaquat Ahamed, Pulitzer Prize winning author of Lords of Finance “Defying conventional wisdom, Eclipse not just vividly imagines, but provides a plausible scenario for, the replacement of the United States by China as the world's dominant economic power. It persuasively underlines the need for Washington to get its act together.” —Francis Fukuyama, Senior Fellow, Freeman Spogli Institute for International Studies, Stanford University and author of The End of History and The Origins of Political Order “Eclipse is an extremely well written and thought provoking book. It must be read for a refreshing and deep analysis of what may lie ahead." —Mohamed El-Erian, Chief Executive, PIMCO and award winning author of When Markets Collide “Eclipse is a fascinating read. Controversial, but meant to be, it has the potential to set the terms of our ongoing discussion on what is perhaps the hottest issue in the global economy—China’s role. -
Growth and Poverty
GROWTH AND POVERTY GROWTH AND POVERTY The Great Debate Pradeep S Mehta Bipul Chatterjee GROWTH AND POVERTY The Great Debate Published by D-217, Bhaskar Marg, Bani Park Jaipur 302016, India Tel: +91.141.228 2821, Fax: +91.141.228 2485 Email: [email protected] Web site: www.cuts-international.org ©CUTS International, 2011 First published: June 2011 The material in this publication may be reproduced in whole or in part and in any form for education or non-profit uses, without special permission from the copyright holders, provided acknowledgment of the source is made. The publishers would appreciate receiving a copy of any publication, which uses this publication as a source. No use of this publication may be made for resale or other commercial purposes without prior written permission of CUTS. The views expressed here are those of the commentators/authors and can therefore in no way be taken to reflect the positions of CUTS International and the institutions with which the commentators/authors are affiliated. ISBN: 978-81-8257-149-5 Printed in India by Jaipur Printers Private Limited, Jaipur #1106 Contents Acknowledgement ix Reflections xi Abbreviations xv Foreword xvii Simply not Debatable! xxi Part I: Professor Jagdish Bhagwatis Lecture to the Parliament of India Indian Reforms:Yesterday and Today 3 Part II: The Debate on Growth and Poverty Its a Myth that Reforms are not Helping the Poor 21 G Srinivasan Selected Reflections from the Debate 24 Abhijit Banerjee 24 Arvind Panagariya 25 R Vaidyanathan 27 Alok Ray 28 Basudeb Chaudhuri 29 Indira -
The Hyperglobalization of Trade and Its Future
Working Paper Series WP 13-6 JULY 2013 The Hyperglobalization of Trade and Its Future Arvind Subramanian and Martin Kessler Abstract Th is paper describes seven salient features of trade integration in the 21st century: Trade integration has been more rapid than ever (hyperglobalization); it is dematerialized, with the growing importance of services trade; it is democratic, because openness has been embraced widely; it is criss-crossing because similar goods and investment fl ows now go from South to North as well as the reverse; it has witnessed the emergence of a mega-trader (China), the fi rst since Imperial Britain; it has involved the proliferation of regional and preferential trade agreements and is on the cusp of mega-region- alism as the world's largest traders pursue such agreements with each other; and it is impeded by the continued existence of high barriers to trade in services. Going forward, the trading system will have to tackle three fundamental challenges: In developed countries, the domestic support for globalization needs to be sustained in the face of economic weakness and the reduced ability to maintain social insurance mechanisms. Second, China has become the world’s largest trader and a major benefi ciary of the current rules of the game. It will be called upon to shoulder more of the responsibilities of maintaining an open system. Th e third challenge will be to prevent the rise of mega-regionalism from leading to discrimi- nation and becoming a source of trade confl icts. We suggest a way forward—including new areas of cooperation such as taxes—to maintain the open multilateral trading system and ensure that it benefi ts all countries. -
Classical Liberalism in Italian Economic Thought, from the Time of Unification · Econ Journal Watch : Italy,Classical Liberalis
Discuss this article at Journaltalk: http://journaltalk.net/articles/5933 ECON JOURNAL WATCH 14(1) January 2017: 22–54 Classical Liberalism in Italian Economic Thought, from the Time of Unification Alberto Mingardi1 LINK TO ABSTRACT This paper offers an account of Italians who have advanced liberal ideas and sensibilities, with an emphasis on individual freedom in the marketplace, since the time of Italy’s unification. We should be mindful that Italy has always had a vein of liberal thought. But this gold mine of liberalism was seldom accessed by political actors, and since 1860 liberalism has been but one thin trace in Italy’s mostly illiberal political thought and culture. The leading representatives of Italian liberalism since 1860 are little known internationally, with the exception of Vilfredo Pareto (1848–1923). And yet their work influenced the late James M. Buchanan and the development of public choice economics.2 Scholars such as Bruno Leoni (1913–1967) joined—and influenced— liberals around the world, and they continue to have an impact on Italy today. Besides their scholarship, all the liberal authors mentioned here share a constant willingness to enter the public debate.3 Viewed retrospectively they appear a pugnacious lot, even if not highly successful in influencing public policy. The standout is Luigi Einaudi (1874–1961), at once a scholar and journalist who also became a leading political figure in the period after World War II. 1. Istituto Bruno Leoni, 10123 Turin, Italy. I am grateful to Jane Shaw Stroup for valuable editorial feed- back. I also wish to thank Enrico Colombatto and three anonymous referees for their helpful comments.