MARGIN: The Journal of Applied Economic Research

The Journal of Applied Economic Research (JAER) is a quarterly, peer-reviewed, international journal published by NCAER in New Delhi in conjunction with SAGE International. JAER publishes papers that pay special attention to the economics of emerging economies, but is open to high-quality papers from all fields of applied economics.

Volume 15 Issue 4, Nov 2021

  • Do Size-dependent Tax Incentives Discourage Plant Size Expansion?: Evidence from Panel Data in Indian Manufacturing
    by K. V. Ramaswamy

  • Environmental Kuznets Curve for Carbon Dioxide Emissions and Economic Growth in Algeria
    by Mohammed Touitou and Raquel Langarita

  • The Transition in Household Energy Use for Cooking in India: Evidence from a Longitudinal Survey
    by N. Brahmanandam and R. Nagarajan

  • Monetary Policy Pass-through, Ownership and Crisis: How Robust is the Indian Evidence?
    by Jugnu Ansari and Saibal Ghosh  

  • India–European Union Trade Integration: An Analysis of Current and Future Trajectories
    by Swetha Loganathan, Joshy Joseph Karakunnel and Vijay Victor

Editor:
Poonam Gupta

Managing Editor:
Sanjib Pohit
Anuradha Bhasin

Editorial Board:
Shankar Acharya, Kanchan Chopra, Sonal Desai, Mahendra Dev, Andrew Foster, Kaliappa Kalirajan, Deepak Lal, Sudipto Mundle, Dilip Nachane, Arvind Panagariya, Vishwanath Pandit, Raghuram Rajan, M Govinda Rao, U Shankar

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The Taper This Time

On November 3, 2021, the Federal Open Market Committee announced that it would reduce the scale of its asset purchases by $15 billion a month starting immediately. Do emerging markets, such as India, need to prepare for a replay of the taper tantrum of 2013? We show that emerging markets, including India, have strengthened their external economic and financial positions since 2013. At the same time, fiscal deficits are much wider, and public debts are much heavier. As U.S. interest rates now begin moving up, servicing existing debts and preventing the debt-to-GDP ratio from rising still further will become more challenging. Either taxes have to be raised or public spending must be cut to generate additional revenues for debt servicing.

India Human Development Survey Forum, November 2021

The IHDS Forum is a monthly update of publications, op-eds and data news based on the India Human Development Survey (IHDS), which was jointly conducted by NCAER and the University of Maryland in two waves, in 2004-05 and 2011-12. Preparations are underway for launching the third wave soon.

Newsletter: Oct-Nov-21

Our newsletter keeps you informed about our work: studies, publications, Op-Eds, events, other research engagements and discussions on various topics. You will find the back issues of the NCAER Newsletter below: Oct-Nov 2021

Monthly Review of the Economy – November 2021

In the Review, we summarise the economic and policy developments in India; monitor global developments of relevance to India; and showcase the pulse of the economy through an analysis of high-frequency indicators and the heat map.

Previous Issue:
October 2021

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