Business

When Do State-Owned Firms Crowd Out Private Investment?
This paper examines the conditions under which a state-owned firm with a political agenda strategically crowds out investment by a private firm. Employing reduced-form analysis, we show that strategic crowding out occurs if (i) the private firm regards investments as strategic substitutes, and (i...


A Threshold Vector Autoregression Model of Exchange Rate Pass-through in Mexico
Considering nonlinearities in the exchange rate pass-through to domestic prices, this paper estimates exchange rate pass-through in Mexico. We examine responses of domestic prices to a positive one unit exchange rate shock by estimating a Threshold Vector Autoregression (TVAR) model. A monthly ra...
Measurement of output of public enterprises
This paper presents the concordance between business accounts and national accounts and also attempts to address the measurement issues in estimating national accounts aggregates in respect of NDCUs.
A critical assessment of the index of industrial production data in India
This paper flags the basis weaknesses of the 1993–94 series of index of industrial production (IIP) data and calls for both base year revisions as also an overhaul of its contents so that it correctly captures the structural changes that have occurred in the economy. While highlighting some of ...
Analysis of inter-sectoral linkages in Indian economy
A balanced sectoral growth with positive sectoral linkage is considered as a healthy economic condition prevailing in a country. Development of one sector of the economy, if brings development of other sectors, paves way for the overall development of the country. Moreover, the affirmative inter ...
Potential output growth rate in India – measurement, impact and determinants
The present study revisits the estimation of potential output growth rate in India in the post global crisis period, using three univariate methods viz.,Hodrick-Prescott (HP) filter,BN decomposition and ICOR. It then assesses the leading indicator properties of the output gap (i.e. actual output ...


The complementarity of private consumption and government consumption in India
This paper examines the causal relationship between real private consumption and real government consumption in India using vector autoregressive approach. Based on Engle & Granger approach, the cointegration test indicates the existence of long run equilibrium between real private consumption an...
An approach to compile quarterly estimates of savings
Quarterly estimates of savings are not compiled by the CSO at present. Considering the importance of having a short term indicator of savings for policy formulation and planning purposes, the Committee on Macro-Economic Changes set up by the National Statistical commission has recommended compila...
Service sector index for India
Information on services GDP is available on a quarterly basis only after two months’ lag. Unlike Index of Industrial Production (IIP) for industry which is released every month by CSO, there is no separate index being constructed to gauge short-term changes in service sector performance. The pa...
Validity of “Industry technology assumption” in compiling io tables for India
Paper discusses the appropriateness of data originating from Annual Survey of Industry(ASI) of India for conversion of Supply-Use table (SUT)) to symmetric input output table(SIOT) and related issues.
Comprehensive wealth and sustainable development in India
Sustainable development requires that the per capita productive base or comprehensive wealth of an economy should, at least, not decline over the period of time. This study provides estimates of the growth rate of per capita comprehensive wealth for the Indian economy for the period 1991–2006. ...


Estimating urban and rural incomes in Gujarat, 1993–94 to 2004–05
The study aims to estimate the state income by rural and urban areas and carry out an analysis of urban – rural income inequality in Gujarat.
Estimation of fixed capital stock: Comparative analysis for Punjab and Haryana states
This paper attempts to generate estimates of net fixed capital stock at aggregated and disaggregated levels for Punjab and Haryana states for the period from 198081 to 2007–08 and carry out economic analysis. The paper follows Kruger's (2003) approach to estimate initial capital stock and then ...
Impact of infrastructure sectors’ growth on the growth of gross state domestic product at regional level
This paper attempts to study the impact of growth of infrastructure sectors on the growth of GDP/GSDP.
ARE Indian states converging on public expenditure? An empirical evidence
In this paper, an attempt has been made to examine nature and speed of convergence (through σ- and β-measures) among major Indian states with respect to per capita expenditure at aggregated and disaggregated levels. The study has made use of balanced panel data estimation through both fixed and...