Friday, August 30, 2019

ECN 301 Indian Economic Scenario

Rajarshi M will post materials related to the part taught by him on Indian Economy here. Students are to keep watch for texts, reading lists, assignment etc.



Planning
Why Planning was necessary for a newly independent underdeveloped country in post world war scenario - options before us - strategies & models - changes over time - impact on economy

Reading List:
Chakravarty, S. (1987) Development Planning; The Indian Experience, Oxford University Press, New Delhi.
Jain A K (1986) Economic planning in India, Ashish Publishing House, New Delhi
Bardhan, P.K. (9th Edition) (1999) The Political Economy of Development in India, Oxford University Press, New Delhi.

a small note from a paper by Ajit Ghosh is HERE.



Employment & Unemployment
  • Types of Employment - Employment Indicators - How they are measured
  • Employment Paradigm in India - the 3-paradigm classification - India's employment policies before Structural Adjustment - 3 phases of employment policies - Empirical observations on Employment, Unemployment, Underemployment, Sectoral Transformation
  • SAP & Labour - Theoretical expectations - Assumptions - Reality - Recent trends in Labour Market - The Malady and Prescription
  • Discrimination in Labour Market

Reading List:
Mathur, Ashok (1999) “Economic Reforms, Employment and ‘Non-Employment’: Theory, Evidence and Policy”, Keynote paper for Technical Session VI of 82nd Annual Conference of the Indian Economic Association, December, 1999.
Mukherjee, D. (2003)The Changing World of Work and No-Work”, Indian Journal of Labour Economics, Vol. 46, No. 4, 2003.                HERE
NSSO Reports on Quinquennal Surveys on Employment and Unemployment in India, Various Rounds and years, [specially the Concepts & Definitions section], Government of India, New Delhi.
Thomas, Jaya Jose (2012) India’s Labour Market during the 2000s: Surveying the Changes, Economic and Political Weekly, December 22, 2012, Vol. XLVII, No. 51     HERE
Ghose, Ajit (2014) Globalisation, Growth and Employment in India, Working Paper No. WP 05/2014, Institute of Human Development, New Delhi     HERE

Ghose, Ajit (2016) India Employment Report 2016, IHD, New Delhi, Executive Summary Here
Sharma, Alakh N (2007) Flexibility, Employment And Labour Market Reforms In India, Working Paper No. 37, Institute of Human Development, New Delhi     HERE

Mukherjee, D. and Majumder, R (2008) “Tertiarisation of Indian Labour Market: New Growth Engine or Distress Signals?”, Journal of Asia Pacific Economy, Vol. 13, No. 4, 2008, Routledge.                    HERE
Mukherjee, D. and Majumder, R (2011) “Occupational Pattern, Wage Rates & Earning Disparities in India: A Decomposition Analysis”, Indian Economic Review, Vol. 46, No. 1, June 2011  HERE
Mathur, Ashok and Sunil Mishra (2007) - Wages and Employment in the Indian Industrial Sector: Theory and Evidence, Indian Journal of Labour Economics, Vol. 50, No. 1, pp83-110 




Poverty & Inequality
  • Poverty - Concept, Absolute & Relative
  • Poverty Measurement in India - Definition, Method, Estimates, Debate
  • Poverty Trends in India during different phases
  • Inequality in India
  • Economic Growth, Poverty & Inequality in India


Sen Abhijit and Himanshu (2004) Poverty and Inequality in India-I, Economic and Political Weekly, Vol. 39, Issue No. 38, 18 Sep, 2004

Sen Abhijit and Himanshu (2004) Poverty and Inequality in India-II, Economic and Political Weekly, Vol. 39, Issue No. 39, 25 Sep, 2004
Himanshu (2010) Towards New Poverty Lines for India, Economic and Political Weekly, Vol. 45, Issue No. 01, 02 Jan, 2010     PREVIOUS VERSION HERE
Himanshu (2013) Poverty and Food Security in India, ADB Economics Working Paper Series No. 369, September, 2013, ADB    HERE
Panagariya, Arvind and Megha Mukim (2014) A Comprehensive Analysis of Poverty in India, Asian Development Review, vol. 31, no. 1, pp. 1–52    HERE
Bandyopadhyay, Kaushik Ranjan (2010) Poverty in India: A Chronological Review on Measurement and Identification,     HERE
Jha, Raghbendra (2000) “Growth, Inequality and Poverty in India: Spatial and Temporal Characteristics.” Economic and Political Weekly, Vol. 35, No. 11, 2000   HERE
Mazumdar, Dipak, Sandip Sarkar, Balwant Singh Mehta (2017) Inequality in India-I, Economic and Political Weekly, Vol. 52, Issue No. 30, 29 Jul, 2017
Mazumdar, Dipak, Sandip Sarkar, Balwant Singh Mehta (2017) Inequality in India-II, Economic and Political Weekly, Vol. 52, Issue No. 32, 12 Aug, 2017
Angus Deaton and Jean Drèze, (2002) “Poverty and Inequality in India: A Reexamination,” Working papers 107, Centre for Development Economics, Delhi School of Economics.             HERE
Dandekar, V.M. and N. Rath, Poverty in India, 1971, (Pune: Indian School of Political Economy).
Deaton, Angus and Valerie Kozel (2005) The Great Indian Poverty Debate, Delhi: MacMillan, 2005.
Patnaik, Utsa (2006) ‘Poverty and Neo-Liberalism in India’, Rao Bahadur Kale Memorial Lecture delivered at Gokhale Institute of Politics and Economics, Pune, February 3, 2006
Jha, R. (2004). Reducing Poverty and Inequality in India: Has Liberalization Helped? In Cornia, A. C. (ed.) Inequality, Growth and Poverty in an Era of Liberalization and Globalization. Helsinki: World Institute for Development Economic Research. Oxford University Press.
 




others to follow ........


Thought Exercises

Applied Econometrics ECN 305A

Rajarshi M will post materials, exercises, assignments related to the applied econometrics area taught by him, here. Students are to keep a watch.

Basic Texts:


Damodar Gujarati: Econometrics by Example, Macmillan (Chs 1, 2, 3, 5, 8-12)

Damodar Gujarati: Basic Econometrics, 4th edn, McGraw Hill (Chs 1-4, 9, 13-15)


Lecture Notes:


Qualitative Independent Models here

Count Data Models here

Ordered Logit Model here

Qualitative Dependent Variable Models here


Censored and Truncated Models here

Sample Questions here

Students must note that this is an applied paper and they are expected to learn ACTUAL data handling and econometric exercises using real data.

'R' software, which is open source and freely available will be used. Students should install the latest version of R-Studio in their personal computers along with packages to be mentioned during the semester. R-Studio can be downloaded from HERE.
They can also use other Open Source Statistical/Spreadsheet software after discussion.

ASSIGNMENTS:



These are practical assignments to be empirically worked out using data provided in the related data file. Students are free to use any software, though the preferred one is R. Assignments are to be emailed to ecm.buruniv@gmail.com within due date/time. Answer files should bear name initials and university roll number (for example XY_MA_2018_##.docx)


Internal Assessment Marks will be calculated as BEST TWO out of THREE Assignments. Please ensure that you have submitted all three assignments.



Assignment for Week 13-14:   Datafile        Questions 
This assignment is due on 12-12-19, 13.00 hrs



Assignment for Week 3-4:   Datafile        Questions 
This assignment is due on 30-09-19, 13.00 hrs



Assignment for Week 1-2:   Datafile        Questions 
This assignment is due on 09-09-19, 13.00 hrs