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Arvind Virmani
Biography of Arvind Virmani, currently Chairman at The Policy Foundation, previously Mentor at RoomStory.com and Mentor at RoomStory.com.
Pandemic, Poverty, and Inequality: Evidence from India
The paper presents estimates of poverty [extreme poverty PPP$1.9 and PPP$3.2] and consumption inequality in India for each of the years 2004-5 through the pandemic year 2020-21. These estimates include, for the first time, the effect of in-kind food subsides on poverty and inequality. Extreme poverty was as low as 0.8 percent in the pre-pandemic year 2019, and food transfers were instrumental in ensuring that it remained at that low level in pandemic year 2020. Post-food subsidy inequality at .294 is now very close to its lowest level 0.284 observed in 1993/94.
J-Curve of Productivity and Growth
Most estimates of Indian manufacturing productivity find a slowdown in the 1990s. This has puzzled analysts, given that 1990s reforms were deeper and wider than the 1980s reforms that raised the growth rate of the Indian economy by 2 per cent points. This paper tests the hypothesis of the J curve of Productivity and Growth following major liberalization and finds it to be broadly supported by the data: Technological obsolescence, gradual adoption of new technology and learning by doing result in negative effects on measured productivity.
Accelerating And Sustaining Growth
The paper reviews and draws lessons from the experience of fast growing economies including a sub-set of these termed High Growth Economies (HGEs) with a decadal rate of over 7 per cent. It then reviews the history of the Indian growth acceleration following the reforms of the 1990s and its future prospects given the recent slowdown. It analysis the potential dangers and reasons for India’s growth slowdown and proposes policy reforms for sustaining fast growth.
Global Economic Governance
The paper examines the principles on which a reform of a Quota based global economic institution like the IMF must be based, taking account of both the relative economic power of countries and the need for voice and representation of the poor countries. These principles are then used in the context of the global economic realities of the 21st century to examine the suitability of different variables in the IMF.s Quota formula. Based on this analysis a simple transparent formula is suggested, which will help increase the credibility and legitimacy of the IMF as a global macroeconomic and financial institution.
Alternative Monetary Policy Rules for India
This paper empirically evaluates the operational performance of the McCallum rule, the Taylor rule and hybrid rules in India over the period 1996-2011 using quarterly data, with a view to analytically informing the conduct of monetary policy. The results show that forward-looking formulations of both rules and their hybrid version - setting a nominal output growth objective for monetary policy with an interest rate instrument - outperform contemporaneous and backward-looking specifications, especially when targeting core components of GDP and inflation, and combine the best parts of efficiency and discretion.
经济制度和经济发展
本书是由综合开发研究院 (中国·深圳) 和德国阿登纳基金会于2005年10月31日至11月1日在深圳联合举办的题为“中国、印度、日本及德国市场经济的改革进程及其成就”的国际学术研讨会的成果集。内容包括:国际性区域竞争的经济成果;市场经济的整体需要有效的政策;劳动市场政策均衡改革的基本特征等.
FDI in Retail Sector, India
This Survey-Based Study Analyses The Current Retail Scenario In India, Investigates The Growth Across Different Segments Of Retailing And Evaluates The Likely Impact Of Allowing Fdi (Foreign Direct Investment) On Various State Holders In Different Retail Segments.
Growth and Sustainability in Brazil, China, India, Indonesia and South Africa
Growth and Sustainability in Brazil, China, India, Indonesia and South Africa is based on the proceedings of a conference, organised by the OECD, on the growth performance of these large emerging-market economies. The book brings together contributions from distinguished policy makers and scholars.
Know about all the new Appointment Current Affairs November 2022
Make yourself aware of new Appointment Current Affairs November 2022 and get to know trending portfolios and news like - Janhvi Kapoor signed as brand ambassador of Marico’s Saffola Fittify, PT Usha set to become first woman President of IOA, etc.
