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Globalization's underbelly: capital flows and the Indian economy
(Economic and Political Weekly, 2008-11-10)
Recent capital flows to India have been predominantly portfolio flows and they have been associated with a deteriorating current account position. To induce foreign savings to finance current account deficits requires the ...
Self employment and human capital
(Indian Journal of Labour Economics, 2008-11-10)
The structure of production in the process of economic development embodies a shift from self-employment to wage work. This paper develops a simple labour allocation framework to explain this. The extent of human capital ...
A consistent macroeconomic model
(India Macroeconomics Annual 2008, 2008-11-10)