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Nobel laureate Paul Romer’s contribution to endogenous growth theory

What motivates people like Steve Jobs to spend time, money, and effort in developing new ideas despite the implicit hazard that ideas can easily be copied later? In this post, Mausumi Das contends tha...

  • Perspectives

How tax incentives influence household financial saving

Indian households tend to hold a high fraction of their wealth in non-financial assets such as real estate and gold. Tax policy has been used to incentivise saving in financial assets and encouraging ...

  • Articles

India’s national policy framework on e-commerce: Issues and concerns

In July 2018, India released a draft national policy framework on e-commerce among its stakeholders. The ensuing debate led to the government announcing a revised draft policy. In this post, Rahul Cho...

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Understanding fiscal capacity in developing economies: Firms as third-party tax enforcers

The difference in tax revenues (as a percentage of GDP) between developed and developing countries has always been consistently large. An IMF report estimates it to be 10-15 percentage points.

  • IGC Research on India

Multinationals and growth in developing countries

Recent work has highlighted the incredible dispersion of productivity in developing countries and how this contributes to their lower aggregate productivity levels.

  • IGC Research on India

The Agricultural Productivity Gap in Developing Countries

According to national accounts data for developing countries, value added per worker is on average four times higher in the non-agriculture sector than in agriculture.

  • IGC Research on India

Does Foreign Institutional Investment in India Increase Financial Vulnerability? An Empirical Investigation Using an Event Study Approach

Emerging market policymakers are concerned about the effects of foreign portfolio flows on financial stability. Do tail events in the home country trigger off extreme responses by foreign investors an...

  • IGC Research on India

Setting Tax Targets: An Experiment for Government of Bihar

The project was conducted on the request of Principal Secretary, Department of Commercial Taxes, Bihar. The main aim of the project was to understand what needs to be done to set district-wise commerc...

  • IGC Research on India

The Political Economy of Sovereign Debt Overhang

Developing economies have heterogeneous experiences with growth and openness. This project starts by documenting a core empirical fact: The countries that grow relatively fast do so while reducing sov...

  • IGC Research on India

Bihar Growth in the Context of Modern Growth Theory

India’s second most populous state, Bihar, also remains one of its poorest. This project conducts a longer-term investigation into Bihar’s relatively poor productivity. It surveys the important co...

  • IGC Research on India

Sugar mills: Ownership, productivity and crop choice

This project examines the effect of firm ownership structure on firm behaviour and the economic outcomes of upstream suppliers by comparing privately-owned sugar mills to cooperatives and public mills...

  • IGC Research on India

Making good management stick: Evidence from India

A long-standing question in social science is to what extent differences in management cause differences in firm performance. To investigate this, researchers ran a management field experiment on larg...

  • IGC Research on India

Developing and Analyzing Firm Level Moments on Productivity and Reallocation

Productivity growth is the main driver of long-run increases in per capita income and welfare. This project investigates the effect of idiosyncratic (firm-level) policy distortions on aggregate outcom...

  • IGC Research on India

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Anandi Mani

Blavatnik School of Government

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Lakshmi Iyer

University of Notre Dame

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Naveen Sunder

Cornell University

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Ashwini Deshpande

Ashoka University

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Rajesh Ramachandran

Heidelberg University

Britta

Britta Augsburg

Institute for Fiscal Studies

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Bet Caeyers

Institute for Fiscal Studies; NHH Norwegian School

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Sara Giunti

University of Milan-Bicocca

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Most Popular Macroeconomics Posts

Land in India: Market price vs. fundamental value

The Real Estate (Regulation and Development) Bill, 2015, is focused on protecting the few home buyers who can afford to buy homes but does not address the issue of high land prices, which is a very se...

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Land records and titles in India

Land ownership is broadly determined by access to a land title, which protects the rights of the title-holder, and impacts livelihoods, and industrial, economic, and social growth. However, land title...

  • Perspectives

Renewable energy and India's future

In the world’s second-most populous country, it is unsurprising that the topic of energy supply should be a key issue – and, in particular, its sustainability. This column completes a series on I...

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