Indian Growth and Development Review: Volume 5 Issue 1

Education spillovers: empirical evidence in rural India

Véronique Gille

Empirical evidence of education spillovers in developing countries and rural contexts is scarce and focuses on specific channels. The purpose of this paper is to provide evidence…

A time‐varying parameter model of inflation in India

Sudhanshu Kumar, Naveen Srinivasan, Muthiah Ramachandran

In the past two decades, there has been a remarkable decline in inflation in both developed and developing countries, in sharp contrast to the period immediately preceding it…

Deciphering the Hindu growth epic

Peter E. Robertson

The purpose of this paper is to provide a quantitative assessment of the factors contributing to India's growth acceleration since 1970, based on the neoclassical growth model.

Monetary policy in an uncertain world: probability models and the design of robust monetary rules

Paul Levine

The purpose of this paper is to describe the transformation of macro‐modelling from reduced form behavioural equations estimated separately, through to contemporary microfounded…

The role of capital‐labour substitution in economic growth

Debdulal Mallick

Although the importance of the elasticity of substitution between capital and labour (σ) has been recognized in many areas in economics, this parameter has not received enough…