National Council of Applied Economic Research
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
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
The basic objective of this study is to evaluate the comparative static effects of selected trade and domestic policy reforms on trade, output, domestic prices, economic welfare and intersectoral allocation of resources. The major reforms analysed in this study relate to reduction in tariff and non-tariff barriers to trade along with rationalisation of the tax-regime.... Read More
The process of major economic reforms undertaken in the Indian economy has completed nearly five years of implementation. The economy has entered into a new phase of development directed towards becoming globally competitive through the opening of trade, foreign investment, and technology inflows. The unilateral reform measures in the industrial and the trade policies of... Read More
This paper reviews methodologies that have been in vogue for some decades in studies concerning supply response in agriculture. In supply response studies, one has to view output supply and factor demand functions (and perhaps, institutional constraints) in a simultaneous equations framework. It is in this context that different models that are generally used in... Read More
In the past, growth models have been constructed and analyzed with the help of a production function subject to certain restrictive features. For quite some time, the Cobb-Douglas production function (CD) with its input exponents adding upto unity and a unitary elasticity of substitution were mostly used by the economists for analysis. In recent times,... Read More
Two important considerations in capital budgeting are the cost or economic value aspect and the liquidity aspect. The periods associated with “tight money” tend to increase the relative importance of the liquidity aspect. On the other hand, "tight monetary policy" and increase in interest rates aimed at curbing inflation may result in higher cost of... Read More
The international trade in horticulture commodities such as cut flowers, fresh fruits and vegetables is expanding at a higher rate than trade in other commodities. No wonder there has been great deal of interest in APEDA in the role of horticultural products as an important means of agricultural diversification and foreign exchange earnings in India... Read More
Foreign trade plays an important role in the economic development of all nations. While considering foreign trade between closed economics, we often are faced with the phenomenon of illegal international trade. While much effort has been made by economists to track foreign trade related illegal transactions through legal channels via under and over as well... Read More
