Researchers Publication

The objective of this paper is to study the changes in public expenditures on social sector, as a result of the structural adjustment programme, that might have an impact on the sector's outcome. Therefore, an effort is made to assess the relationship between per capita public expenditure and the outcome across major states. The findings...   Read More

There are at least two reasons why the debate regarding the impact of openness through liberalization on oil productivity growth is unresolved. First, there is the adequate theory of TFP growth and second, the empirical measurement of TFP is fraught with difficulties. An important methodological issue that has attracted limited attention in India is regarding...   Read More

In census enumeration a person is counted as literate if he or she can read and write in any language with understanding. In earlier censuses the whole population has been classified into literates and illiterates. From 1951 the questions on literacy have been canvassed among those aged 5 and above only. Since 1991 this classification...   Read More

Welfare judgements on distribution of income has often been made on the basis of weighted sum of individual incomes. Scholars proposed various axioms to determine the weights. The set of weights proposed by Chakrabarty (1982) led to a Social welfare function (SWF) involving the normalised Theil's Entropy Measure. We have proposed a few alternative sets...   Read More

The success of anti-inflationary stabilization policy depends on the stable demand for money function. Recent developments in econometrics emphasize the need to verify the time series properties of the variables in the demand for money function. In studies with conventional approaches to the estimation of demand for money, this was taken for granted. In this...   Read More

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