This study examines the relationship between the fiscal intervention of the government and regional income disparity in 14 major Indian states. The impact of decentralization on the regional disparity of these states is also examined. The findings suggest that both policy measures have reduced...

This study examines whether the allocation of public expenditures of the Indian states are significantly influenced by government specific political characteristics. Three types of government specific characteristics are considered: forms of governments, ideology of the government, and the...

Economic performance is closely linked to the existence of good institutions. However, the quality of governance has also been identified as an important factor that affects economic growth and development. This paper empirically examines the significance of these factors in explaining...

In a recent study, Dash and Raja (<CitationRef CitationID="CR13">2013</CitationRef>) have shown that the size and composition of public expenditure of Indian states are systematically linked with political determinants such as the extent of government fragmentation, strength of opposition, electoral years, and ideology. This study extends...</citationref>

This study examines whether there exists a systematic link between the size and composition of public expenditure and the political determinants across the Indian states. Three types of political determinants—forms of governments, government’s ideology, and electoral cycle—are identified...

In this paper we re-examine the case for Indirect Convertibility made by Greenfield and Yeager (1983, 1989) as a mechanism for promoting greater internal price level stability. We argue that with some reinterpretation, indirect convertibility can be interpreted as a convenient, practical...

This article argues that policy in relation to education has relied too extensively on the more easily measured costs of production to support a common conclusion of economies of scale in school and/or district size. It argues that there are external costs that increase with size but that can be...

Recent central bank experience with inflation targeting is used to restate Hayek's reform proposal as a performance contract. This requires banks to first state an explicit inflation target and then promise to perform a set of actions whenever an independent forecast departs from target. Making...