Despite the intuitive appeal of the idea that good economic outcomes such as sustained rapid growth should help incumbents win elections, evidence on it has been scant, especially from developing countries.
What voters reward: Evidence from the 2009 Indian parliamentary elections
Poonam Gupta, Arvind Panagariya, 17 March 2014
Free lunch? Effect of India’s food subsidy programme on nutrition
Neeraj Kaushal, Felix Muchomba, 24 December 2013
In September the Indian government passed a food security bill guaranteeing 75% of the country’s rural population and 50% of its urban population 5 kilograms of food grain per person per month at heavily subsidised prices (Parliament of India 2013).
Policymaking in crises: Pick your poison
Kristin Forbes, Michael W Klein, 24 December 2013
In 2010, the Brazilian finance minister Guido Mantenga declared a ‘currency war’ because of the harmful effects of the strengthening of the real. He blamed the currency’s appreciation on easy money in advanced countries, and to a lesser extent on reserve accumulation in some emerging markets.
Perverse consequences of well-intentioned regulation: Evidence from India’s child-labour ban
Prashant Bharadwaj, Leah Lakdawala, Nicholas Li, 5 December 2013
Despite decades of near universal opposition to it, child labour is endemic. According to a recent report by the International Labour Organization, there are nearly 168 million child labourers, of whom 85 million work under hazardous conditions (ILO 2013).
There are many policy options to readdress this. Bans and regulations against child labour are among the most popular worldwide.
The BRICs party is over
Anders Åslund, 4 September 2013
After a decade of infatuation, investors have suddenly turned their backs on emerging markets. In the BRIC countries – Brazil, Russia, India and China – growth rates have quickly fallen and current-account balances have deteriorated.1 The surprise is not that the romance is over but that it could have lasted for so long.
India and the Emerging Market crisis
Marco Annunziata, 1 September 2013
India has come under siege this summer. The rupee has depreciated sharply since late July, and foreign exchange reserves dropped significantly. The pressure has been triggered by market concerns on the Fed’s intention to ‘taper’ its quantitative easing, against the background of a growth slowdown in China.
Finance and Poverty: Evidence from India
Meghana Ayyagari, Thorsten Beck, Mohammad Hoseini, 2 June 2013
Vox readers can download CEPR Discussion Paper 9124 for free here.
Migrating out of poverty: The role of finance
Meghana Ayyagari, Thorsten Beck, Mohammad Hoseini, 23 June 2013
For better or worse, the 2008 financial crisis has put the financial sector again at the centre of public debate. Several commentators have suggested that financial liberalisation contributed both to the financial crisis and to growing income inequality (e.g.
Finance and growth in China and India: Have firms benefited from the capital-market expansion?
Tatiana Didier, Sergio Schmukler, 6 May 2013
China and India are hard to ignore. Over the past 20 years they have risen as global economic powers, at a very fast pace. By 2012, China has become the second-largest world economy (based on nominal GDP) and India the tenth. Together, they account for about 36% of world population.
The need for a second round of ‘look east’ policies in south Asia
Pradumna B. Rana, Chia Wai Mun, 1 April 2013
The global economy was traditionally dominated by north-north relations with some concern for north-south relations. South-south economic relations were, until recently, of minor import.
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