Research on India documents considerable heterogeneity in health and health care across states. However, while regional differences are well established, factors underlying these differences have received little attention. This paper seeks to explain disparities in delivery care across districts...

The ongoing global financial crisis is rooted in a combination of factors common to previous financial crises and some new factors. The crisis has called for revisiting monetary and fiscal policy and has brought to light a number of deficiencies in financial regulation and architecture. The...

Investment spending of a sub-national government in India is equated with its capital expenditure. This article analyses spending by the state government of Orissa. Inadequate provision of physical infrastructure has been a primary cause of poverty and unemployment in the state. Government...

In the context of the formation of G-20, the paper points out the absence of reform in the Global Financial Architecture (GFA) after the East Asian crisis, and assesses factors that can improve the chances of real reform this time. A factual assessment of various causes advanced for the global...

This article examines the impact of factor mobility and migration on per capita gross domestic product (GDP) growth and the welfare of the poorest quintile in developing countries. Based on data from the World Bank and using a sample of 46 developing economies, we found that the per capita GDP...

This paper examines spatial integration of food grain markets in India. Using the maximum likelihood method of cointegration, it investigates whether regional food grain markets within and across states are spatially linked or not. The cointegration tests provide evidence in favour of spatial...

This paper examines the efficiency of the Thai banking sector from 1999 to 2008 by using the data envelopment analysis (DEA) method. The results indicate that inefficiency in the sector stems mainly from scale rather than pure technical efficiencies. The findings suggest that small banks are...

The financial crisis which began in the summer of 2007 has its roots in the under-estimation of systemic risk, in turn due to the absence of a macroprudential approach to the design of financial regulation and macroeconomic policies, as well as the excessively optimistic judgment of the...

This paper argues that the global macroeconomy has been highly unstable. The combination of undervalued exchange rates in East Asia and the use by the US of monetary policy to ensure a steady growth led to an outcome in which interest rates fell a great deal. In the presence of a highly...

This paper examines various measures of synchronisation of recessions, including clustering of the onset of recession across economies, proportion of economies in expansion and the diffusion index of international coincident indexes, and shows that the recent global recession is possibly the...