This paper examines market structure and efficiency of price transmittals in the two national stock exchanges of India: The Bombay Stock Exchange and the National Stock Exchange. Price movements in a large number of important stocks in both markets are considered. The framework used is the...

This paper attempts to ascertain the requirements (in terms of ownership of factors of production) for successful adaptation to the Green Revolution in Indian agriculture. We estimate stochastic production frontiers for wheat in two Indian states: Haryana (which has been significantly affected...

Public services are often provided by lower level agencies that are funded by higher level government. Since markets for such services do not exist, normal pressures to minimize costs do not operate; indeed, usually these costs are unobservable. We study a principal-agent model which emphasizes...

Data Envelopment Analysis (DEA) is used to estimate allocative and technical inefficiency in the cultivation of wheat on 300 farms in the Indian Punjab for the periods 1981-82 and 1982-83. These measures of efficiency as well as farm yield are related to farm size. The paper appears to be the...

Using official data this paper evaluates India's National Rural Employment Guarantee Scheme (NREGS) according to four criteria a) average number of days of employment per household, b) percentage of households completing 100 days of employment under NREGS, c) percentage of expenditure against...

India’s National Rural Employment Guarantee Scheme (NREGS) has been hailed as one of the country’s most creative social initiatives. Since the program was begun only recently (in 2004–2005) there is a need to assess household access to this program and persistence of benefits to households...

We examine the effect of inflation variability and economic growth using annual historical data on both developing and developed countries. The data cover 182 developing countries and 31 developed countries for the period 1961-2009. Proxying inflation variability by the five-year coefficient of...