The Indian Economy Blog

Archive for January, 2008

Why Does India Have Such Terrible Politicans – 4

Wednesday, January 30th, 2008

The relevant question is not Who are we going to trust but What are we going to trust? Arnold Kling wrote a freewheeling essay last year Should You Trust the Government? in which he points out In the case of government, there is good trust and there is bad trust. Good trust is trust in [...]

International Trade, Population and Productivity

Saturday, January 26th, 2008

A new research paper titled Trading Population for Productivity: Theory and Evidence by Oded Galor and Andrew Mountford focuses on a novel Unified Growth Theory. The paper argues that the – differential effect of international trade on the demand for human capital across countries has been a major determinant of the distribution of income and [...]

A Great Disruptor

Friday, January 25th, 2008

The Tata Nano has been one of those products you just cannot ignore. While it got media coverage around the world, the reactions, though mixed, flowed easily. On the one hand there has been pride in the “World’s cheapest” tag, as a great achievement for Indian industry. The “People’s Car” tag has been well received [...]

Water Privatization in Kundapur

Wednesday, January 16th, 2008

A couple of years back, as part of an academic project (which I had also blogged about in my personal blog), I’d talked about water privatization. I had said that it is a good thing even if it pushes up costs, because it now offers people the option to get piped water supply. The analysis [...]

Congratulations To Raj Chetty

Tuesday, January 8th, 2008

Raj Chetty, an associate professor of economics at the University of California, Berkeley, is the winner of the The American magazine’s 2008 Young Economist Award, a research grant of $100,000 provided by the Searle Freedom Trust. … To be eligible for the award, economists have to be featured in the magazine’s bimonthly column entitled “The [...]

Oil Pricing in India

Saturday, January 5th, 2008

The crude oil prices have finally touched $100 per barrel – a psychological barrier and a statistical inanity. The composition of Indian crude basket represents average of Oman & Dubai for sour grades and Brent (dated) for sweet grade in the ratio of 59.8:40.2 since April 2006. The Indian crude basket has touched a high [...]

Want To Observe Economic Policy-Making First Hand?

Tuesday, January 1st, 2008

The Indian Finance Ministry has launched an internship programme. More details available here – link Sounds fascinating. If you’re interested, apply soon, since the deadline is nigh — 15 Jan. A courtesy salaam to Ajay Shah. Q) Is this the first such internship programme in the Finance Ministry?

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