CDS-KNRaj Library

Updates from K.N. Raj Library, CDS, Thiruvananthapuram

Does High-Skilled Migration Affect Publicly Financed Investments?

by Volker Grossman and David Stadelmann IZA DP No.6610, May 2012 This paper analyzes the interaction between migration of high-skilled labor and publicly financed investment. We develop a theoretical model with multiple, ex ante identical jurisdictions where individuals decide on education and subsequent emigration. Migration decisions are based on differences in net income across jurisdictions [...]

Fiscal Policy and the Real Exchange Rate

by Santanu Chatterjee and Azer Mursagulov IMF Working Paper   WP/12/52 February 2012 Government spending on infrastructure has recently increased sharply in many emerging-market economies. This paper examines the mechanism through which public infrastructure spending affects the dynamics of the real exchange rate. Using a two-sector dependent open economy model with intersectoral adjustment costs, we show [...]

PUBLIC INVESTMENT IN AGRICULTURAL AND GDP GROWTH– ANOTHER LOOK AT THE INTER SECTORAL LINKAGES AND POLICY IMPLICATIONS

HARISH MANI, G. BHALACHANDRAN, and V. N. PANDIT CDE Working Paper-201 August  2011 Despite its reduced share in India’s GDP, agriculture continues to have a strategic importance in ensuring its overall growth and prosperity. As part of the new economic policy package introduced in the early nineties, there has been a reduction in the rate of public [...]

Efficiency-Adjusted Public Capital and Growth

Sanjeev Gupta, Alvar Kangur, Chris Papageorgiou, and Abdoul Wane IMF WP/11/217 , September 2011 This paper constructs an efficiency-adjusted public capital stock series and re-examines the public capital and growth relationship for 52 developing countries. The results show that public capital is a significant contributor to economic growth. Although the estimated coefficient for the income [...]

Competition for Foreign Capital: Endogenous Objective, Public Investment and Tax

by Rupayan Pal and Ajay Sharma IGIDR WP-2011-021, September 2011 In this paper we endogenize the objective functions of the regions as well as their decision to provide public investment in a model of competition for foreign owned mobile capital. We demonstrate that the competing regions can ‘restrict race-to-the-bottom’ in tax rates by deviating away [...]

Public Investment in Agricultural and GDP Growth: Another Look at the Inter-sectoral Linkages and Policy Implications

Harish Mani, G Bhalachandran, and V Pandit CDE Working Paper No. 2011 Despite its reduced share in India’s GDP, agriculture continues to have a strategic importance in ensuring its overall growth and prosperity. As part of the new economic policy package introduced in the early nineties, there has been a reduction in the rate of [...]

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