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India’s Debt Challenge
Read more: India’s Debt ChallengeThe important question that one is looking to analyse is whether the targets set under the FRBM Act were met. Authors Diya and Aliva provide a brief on India’s journey with tackling high fiscal deficits.
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Carbon tax: A solution to correct climate change
Read more: Carbon tax: A solution to correct climate changeThrough this article Akshita Chembolu, the author, delves into the reasons for the imposition of carbon tax, the effects of its implementation and if there are any negatives to this policy.
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The Budget After Demonetisation: Will the Government Reform India’s Tax Structure?
Read more: The Budget After Demonetisation: Will the Government Reform India’s Tax Structure?Demonetisation was meant to widen India’s tax base and increase our abysmally low tax-GDP ratio. The government could further this aim in more concrete ways through the Budget. In this article, Deepanshu Mohan talks about the possible budget scenarios after demonetisation. “Little else is required to carry a state to the highest degree of opulence…but…
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The Commodity Price Shock in Venezuela
Read more: The Commodity Price Shock in VenezuelaThe state of Venezuela currently finds itself in a beleaguered state. The downturn in global commodity prices, particularly oil (Venezuela’s chief export), has hit the Venezuelan economy hard. In this article, Achyut Mishra attempts to analyse the relationship between a Commodity Price Shock (henceforth CPS) and various macroeconomic indicators of Venezuelan economy.
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The Mirage of Inclusive Growth
Read more: The Mirage of Inclusive GrowthIn this article, Deepanshu Mohan speaks of the need to unlearn the theoretical neo-liberalist idea of inclusive growth, to delve into a more pragmatic approach where growth and redistribution are hinged on to each other, and how government interference is imperative to purge growth inequalities that stemmed out from the pro-market policies.
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Myth of “Value Added” in Indian Industry: Has India Missed the Bus?
Read more: Myth of “Value Added” in Indian Industry: Has India Missed the Bus?Sourish Dutta is an MPhil Student of Applied Economics at Centre for Development Studies, JNU According to the ASI database, although the flow of “Net Income” is increasing impressively, the flow of intensity of net income (i.e. net income/output) is in decline mode. Through acute statistical analysis, throughout ASI data, it is noted that the…
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The ABCs of Agent Based Computational Economics
Read more: The ABCs of Agent Based Computational EconomicsThe unrealistic assumptions that economic models are based on have rendered many models insufficient and impractical in application in the real world. Aishwarya Ketkar offers Agent Based Computation as an answer for those who want to simulate models capturing actual human behaviour and experiences…. Economy is an interactive complex system reflecting the interaction between various agents residing within it. The attempts at classifying Economics into a perfect science are transforming into varied perspectives being used to predict consumer behavior. There is a clear indication of evolution of a novel mathematical ideology into economics taking aid of the massive computing power made feasible by technology. Leon Walras was the first person to classify Economics as a science. To Walras and the Physicists of his time, economy was a closed system following simple mathematics to gain …
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Don’t Understand Statistics? Wanna Bet?
Read more: Don’t Understand Statistics? Wanna Bet?Statistical testing is not that difficult! Let Dr. Stephen P. Holden guide you through the murky territory of statistics, only to discover that it isn’t murky at all! So You start by calculating a statistic which is simply a measure of how far the observed is from what we might have expected. I think we…
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Research Steve Jobs’ style to find Smash-Hits — Without Statistical Significance!
Read more: Research Steve Jobs’ style to find Smash-Hits — Without Statistical Significance!Read why Stephen P Holden feels that Steve Jobs was right about customers’ lack of self-insight, but wrong about the value of research. It’s not the end of the world if you’re wrong ! The biggest mistake in market research is to worry about being wrong. Ironically, research can learn this lesson from…
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