Tag Search: “firms”
Nobel prize in Economics 2016: The economy as a nexus of contracts
An important line of research in microeconomics has tried to explain how the economic institutions that underpin the ‘invisible hand of the market’ actually work. The specific economic institution tha...
- Maitreesh Ghatak
- 19 October, 2016
- Perspectives
Nobel insights: When it comes to contracts, what's obvious may not be optimal
In a tribute to Oliver Hart and Bengt Holmström, recipients of this year’s Nobel prize in Economics, Rohini Somanathan, Professor of Economics at Delhi School of Economics, outlines their contribution...
- Rohini Somanathan
- 18 October, 2016
- Perspectives
The hidden productivity benefits of energy-saving technology: Evidence from LEDs in Indian factories
Energy-efficient technologies are an increasingly relevant policy priority, given growing consensus on the need to tackle climate change. This column examines the productivity benefits of adopting one...
- Achyuta Adhvaryu Namrata Kala Anant Nyshadham
- 03 October, 2016
- Articles
I4I Panel Discussion: Two years of Modi government
In a panel discussion organised to mark the 4th anniversary of Ideas for India, Parikshit Ghosh (Member of the I4I Editorial Board & Associate Professor, Delhi School of Economics) moderates a discus...
- Pranab Bardhan Parikshit Ghosh Pratap Bhanu Mehta Mihir Sharma
- 29 August, 2016
- Videos
Could emerging economies change the rules of the global labour standards game?
In an increasingly global marketplace, the ramping up of trade has drastically altered the way goods are manufactured and sold. In this article, Kuntala Bandyopadhyay, research associate at ICRIER, d...
- Kuntala Bandyopadhyay
- 24 August, 2016
- Perspectives
Justice delayed is development denied: The effect of slow courts on economic outcomes in India
India's formal judicial system is infamously slow, even for a developing country. What is less well established is whether this matters to economic outcomes. This column uses state-level variation in ...
- Amrit Amirapu
- 22 August, 2016
- Articles
Analysing worker responses to a contract change
Higher-powered incentives are generally believed to increase worker productivity. In the context of an Indian tea plantation, this column examines a contract change wherein baseline wages were increas...
- Rajshri Jayaraman Debraj Ray
- 08 August, 2016
- Articles
A comparison of automobile industries in India and China
The automobile sector in both India and China developed due to waves of investment in these countries since the late 1980s. This column discusses how India’s automobile sector has grown differently fr...
- Smita Miglani Saon Ray
- 05 August, 2016
- Articles
Land and financial misallocation in India
Optimising the allocation of factors of production – land, capital and labour - improves productivity. In India, where evidence suggests land is severely misallocated to inefficient manufacturing firm...
- Gilles Duranton Ejaz Ghani Arti Grover Goswami William Kerr
- 20 July, 2016
- Articles
Are small and medium enterprises constrained by the inability to raise funds from the equity markets? Evidence from the creation of a new platform in
Small and medium enterprises employ 40% of India’s workforce, and account for 45% of the manufacturing output and 40% of the total exports of the country. However, productivity in the sector is very l...
- Sanjay Banerji Krishna Gangopadhyay Madhav Shrihari
- 30 June, 2016
- IGC Research on India
Markups and capital misallocation: A trade-off? Evidence from the Indian manufacturing sector
Capital misallocation in India has continuously increased over the past two decades, despite extensive liberalisation. At the same time, the importance of financial frictions for the Indian economy ha...
- Simon Galle
- 30 June, 2016
- IGC Research on India
What does China’s ‘new normal’ mean for India?
China’s new normal – a growth rate of at least 6.5% - has been set as a target in its 13th Five Year Plan. In this article, Sharmila Kantha, Principal Consultant, Confederation of Indian Industry, con...
- Sharmila Kantha
- 17 June, 2016
- Perspectives