Over the past 25 years, India’s economy grew at an average real rate of close to 6 percent, yet by the end of this period, the general government debt-to-GDP ratio was 34 percentage points higher. We examine the links between the public finances and growth in the post-1991 period. The...

One key water resource challenge that faces the eastern United States today is how to regulate water withdrawals by offstream users, while preserving the fair sharing philosophy of the common-law Riparian Doctrine. Traditionally, this doctrine requires that riparians (users owning land adjacent...