PUBLICATIONS
0. Research in Progress
1.
“Dubai's
Ambitious Economic Agenda: Investigating the Critical Role of TFP” (with Cedwyn
Fernandes and Sreejith Balasubramanian)
2.
“Instilling
Cooperation in Turbulent Times: Some Issues before the 16th Finance Commission”
(with Abhay Pethe and Mala Lalvani)
3.
“Profitability
in the UAE Banking Sector: Impact of Mergers and Acquisitions” (with Mariam
Aslam)
4.
“Discipline
and Efficiency in State Finances: Arguments for Using Fiscal Space” (with Abhay
Pethe and Mala Lalvani)
I. Articles
in Refereed Journals
1.
“Income Diversification and
Bank Profitability in India: Exploring the Importance of Macroeconomic
Factors”, International Journal of Business and Emerging Markets (forthcoming), DOI:
10.1504/IJBEM.2024.10058524 (with Sudipa Mujumdar)
2.
“Identifying Drivers and
Hindrances to the Disposal of Used Mobile Phones: A Study of User Behavior in
the UAE”, 2023, Sage Open (with Gayle Patrao)
3.
“Political incumbency effects in India: a regional analysis”, Studies
in Economics and Econometrics, DOI: 10.1080/03796205.2023.2185666, 2023
(with Mala Lalvani and Manali Phatak)
4.
“Macroeconomic Challenges and the Social Sector”, Economic
and Political Weekly, Vol. 57 (13), 2022, pp. 52-58 (with Mala Lalvani)
5.
“Bank Performance and Noninterest Income: Evidence
from Countries in the Asian Region”, Asia-Pacific Financial Markets,
2022 (with Sherika Antao)
6.
“Budget 2021–22: Any Lessons Learnt from the Pandemic?” Economic
and Political Weekly, 56(14), 15-20, 2021 (with Mala Lalvani)
7.
“Spatial Effects of COVID Transmission: An Analysis of
Cases in the City of Mumbai”, Economic
and Political Weekly, 55(36), 15-20, 2020.
8.
“Examining
the Linkage between Class Attendance at University and Academic Performance in
an International Branch Campus Setting”. Research in Comparative and
International Education, 15(4), 2020 (with Pallavi Kishore
and Mohammad Meraj), 15(4)
9.
“Determinants
of Electoral Outcomes: An Analysis of General Elections in India”, Economic and Political Weekly, 54(3), 2019
(with Mala Lalvani and Manali Phatak)
10. “State Finances
After Fiscal Responsibility Legislation: Genuine Improvement or Illusion?”, Indian Review (Taylor & Francis), Vol
17(4), 2018 (with Mala Lalvani)
11. “Incongruence
between Announcements and Allocations”, Economic
and Political Weekly, Vol. 53(9), 2018 (with Mala Lalvani)
12.
“Growth and Convergence under Uniform and Varying Rate of Change of
Technology”, Journal Panoeconomicus,
Vol. 65(5), 2018, https://doi.org/10.2298/PAN160203009K
13. “An Examination of
Revenue Generation”, Economic and
Political Weekly, Vol. 52(9), 2017 (with Mala Lalvani)
14.
“Fiscal Performance in the wake of Fiscal Responsibility Legislation:
A Study of Maharashtra’s Public Finances”, Journal
of the Indian School of Political Economy Vol. 28, No. 1-2, 2016 (with Mala
Lalvani).
15. “Budget 2016-17:
Lacking in Substance”, Economic and
Political Weekly, Vol. 51(16), 2016 (with Mala Lalvani).
16. “State fiscal capacity and tax
effort: evidence from Indian states”. South Asian Journal of Macroeconomics
and Public Finance (Sage),
December 2015, Vol. 4, No. 2, pp. 141-177 (with Swati Raju).
17. “Budget 2015-16: Long on
announcement, short on intent”, Economic and Political Weekly, March
2015 (with Mala Lalvani).
18. “Growth, Welfare and Fiscal
Discipline: The problem of incompatible objectives in Budget 2013-14”. Economic and Political Weekly, March
30, 2013 (with Mala Lalvani).
19. “Pricing
Of Cricketers: The Experience Of Two IPL Auctions” International Journal of
Sports Finance, Vol. 8, No. 1, 2013
20. “Growth Performance of Indian States” Empirical Economics, Vol. 42, No. 1,
2012 (with Mala Lalvani).
21. “Estimating Elasticity of Demand for
Tourism in Dubai”, Tourism Analysis,
Vol. 15, No. 1, 2010 (with Cedwyn Fernandes)
22. “Valuing Cricketers Using Hedonic Price Models”, Journal of Sport Economics, Volume 11, No. 4 (August), 2010.
23. “Heterogeneity in Growth Processes:
Estimating Growth Equations using Panel data”, International Economic Journal, Vol. 23, No. 4 (December), 2009, (with Mala Lalvani)
24. “Assessing UAE’s Oil Dependence - An
Optimal Control Approach”, Education,
Business and Society: Contemporary Middle Eastern Issues, 2009, Vol. 2,
Issue 2 (with Cedwyn Fernandes)
25. “Natural Resource
Dependence: A Macroeconometric Model for the United Arab Emirates” Applied Economics, 2009, Vol. 41 (With
Cedwyn Fernandes).
26. “An Examination of the Flypaper Effect
Incorporating Spatial Interdependence” Review
of Urban and Regional Development Studies, 2008, Vol. 20, Issue 2 (with
Mala Lalvani)
27. “Transformations, Then and Now: The Appeal of Karl Polanyi”, Economic and Political Weekly Nov-Dec., 2008.
28.
“State Finances: Continuous
Deterioration, Bleak Prospects” Journal
of the Indian School of Political Economy, September 2006.
29. “Urban Local Governments And The
Flypaper Effect: Empirical Evidence From A Panel Of Indian Jurisdictions”, Publius:
The Journal of Federalism, Volume 35, No.2, Spring 2005 (with Mala
Lalvani).
30. “Reforming Property Tax System:
Simulated Results for Mumbai City” (with Anita Rath and J.C. Sharma), Economic
and Political Weekly, August 21, 2004.
31. “Why Do Governments
Lack Political Will? An Explanation from the Transaction Cost Perspective”, Journal
of Public Finance and Public Choice, No. 1, 2003.
32. “Overcoming Political Obstacles to
Economic Reforms via Redistribution”,
Economic and Political Weekly, May
27, 2002.
33. “Role of Institutions in Economic
Development: The Importance of Constitutions”, Journal of the Indian School of Political Economy, January-March,
2002.
34. “Fiscal Responsibility and Budget
Management Bill: Offering Credible Commitments”, Economic and Political Weekly, January 19, 2002.
35. “Microsoft, Competition and
Competition Policy”, Economic and
Political Weekly, August 5-12, 2000.
36. “Do Indian Stock Markets Matter? Stock Market Indices and Macroeconomic Variables”(with Abhay
Pethe), Economic and Political Weekly,
January 29 – February 4, 2000, Vol. XXXV, No. 5.
37. “Interest Rate
Imbroglio”. Economic and Political
Weekly, May 31, 1997 (with D.M. Nachane and N. Hatekar).
38. “Look Back in
Anguish: A Review Article”. Journal of
the Indian School of Political
Economy, January-March, 1997.
39. “Interest Groups,
Subsidies and Public Goods: The Farm Lobby in Indian Agriculture” (with Mala
Lalvani), Economic and Political Weekly,
March 1996.
40. “Why Do
Structural Adjustment Programmes Go Awry? Political Economy Perspective”. Cybernetics and Systems: An International
Journal, January 1996.
41. “Investigating
Linkages between Stock Markets using Co-integration and Causality Testing
Procedures”. International Journal of
Development Banking, January, 1996.
42. “Economic
Systems, Political Structures and Human Rights”. Bulletin of Economic Research,
April, 1994 (with M.J.M. Rao).
43. “An Evaluation of
Indian Planning Models and Alternative Design Structures: Theoretical
Foundations and Technical Implications”. Journal
of the Indian School of Political
Economy, April-June, 1994 (with M.J.M. Rao).
44. “Financing
Government Expenditure with Minimal Inflation: An Optimal Control Approach”. Journal of the Indian School of Political
Economy, October-December, 1992 (with Abhay Pethe).
45. “Savings of the
Private Corporate Sector: A Review Article”. Journal of the Indian School
of Political Economy, January-March, 1992.
46. “Administered
Prices, Budget Deficits and Growth: Some Implications for the Indian Economy
Using Optimal Control Methods”. Journal
of the Indian School of Political
Economy, January-March, 1991.
47. “Elections and
Government Expenditures: The Indian Evidence”. Journal of Quantitative Economics,
January, 1990.
48. “Public
Expenditure and National Income: An Examination of the Causal Mechanism”. Indian Journal of Quantitative Economics,
Vol. 4, 1988.
49. “Co-integration
and Causality Testing of the Energy-G.D.P. Relationship: A Cross-country
Study”. Applied Economics, Vol.20,
No.11, Nov. 1988 (with D.M. Nachane and R.M. Nadkarni).
II.
Articles in
Edited Books
1.
“Incumbency in Maharashtra
Assembly Elections, Assessing the Impact of Delimitation” (with Mala Lalvani) in S. Alam and
K.C. Sivaramkrishnan (eds) Fixing of
Political Boundaries in India: Process, Outcomes and Implication, Oxford University
Press, New Delhi, 2015.
2.
“Developing a Quantitative
Framework for Determining Devolution of Funds from State Governments to Local
Bodies”, in Niraja Jayal, Amit Prakash and Pradeep Sharma (eds) Local
Governance in India: Decentralization and Beyond, Oxford University Press,
New Delhi, 2006.
3.
“A Comparative Study of the
Public Finances of Indian States (with special focus on Maharashtra)” in A.
Karnik and L.G. Burange (eds.) Perspectives on Maharashtra’s Economy,
Himalaya Publishing House, Mumbai 2004.
4.
“Competition Policy in
India: Some Economic Issues” in A. Karnik and L.G. Burange (eds.) Economic
Policies and the Emerging Scenario: Challenges to Government and Industry,
(jointly edited with L.G. Burange), Himalaya Publishing House, Mumbai, 2004.
5.
“State Finances: Issues and
Concerns” in B.L. Mungekar (ed.) The Economy of Maharashtra :
Changing Structure and Emerging Issues, Dr. Ambedkar Institute for Social
and Economic Change, Mumbai, 2003.
6.
“Building Coalitions: From
Subsidies to Social Sector Spending” (with Mala Lalvani) in K. Seeta Prabhu and
R. Sudarshan (eds.) Reforming
7.
“Finances
of Urban Local Bodies in Maharashtra: A Statistical Profile” (with Abhay Pethe
and Dilip Karmarkar) in India
Infrastructure Report 2003, 3iNetwork, Oxford University
8.
“Institutional and Political
Determinants of Investment in Indian States” in B.L. Mungekar, D.M. Nachane and
M.J.M. Rao (eds) Indian Economy in the
New Millennium, Himalaya Publishing House, 2001.
9.
“Determinants of Foreign Direct Investment” in A.
Karnik, P. McGregor and D. Nachane (eds) Britain
and India: Emerging Bilateral Issues British Council,
10.
“Overcoming Economic Atavism: Lessons from State-led
Economic Development in India” in D.M. Nachane, A. Vasudevan and A. Karnik
(eds) Fifty Years of Development
Economics: From Planning to Liberalisation - Essays in Honour of Professor P.R.
Brahmananda, Himalaya Publishing House, Bombay, 1999.
11.
“Interest Groups, Government Size and Growth”. In
D.M. Nachane and M.J.M. Rao (eds) Macroeconomic
Challenges and Development Issues: Essays in Honour of Professor C.N. Vakil, Himalaya Publishing House, Mumbai, 1997
(with Mala Lalvani).
12.
“Are Changes in Public Sector Prices
Destabilising?”. Proceedings of the Eleventh European Meeting on Cybernetics
and Systems Research 1992 Vienna, Austria, April, 1992 World Scientific
Publishing Company, Singapore.
13. “The Indian Economic Situation: Issues and
Prospects”. in Panchamukhi (ed.) Fiscal
Management of the Indian Economy, Interest Publications,
III.
Books: Authored
1.
Eventful Years (with S.S. Bhandare), Forum
of Free Enterprise, Mumbai, 2006.
2.
Government Debt,
Savings and Investment. Monograph published by the Indian Economic
Association Trust for Research and Development, October, 1991.
3.
Energy in Indian Transportation: The Emerging
Scenario. Himalaya Publishing House,
IV.
Books Edited
1.
Emerging Research
Perspectives on Business in the Middle East, special issue of International Journal of Business and
Globalisation, Inderscience Journals (jointly edited with Alun Epps and
Cody Morris Paris), 2016.
2.
Global Issues: Emerging
Economic and Social Perspectives, special issue of World Review of Entrepreneurship, Management and Sustainable
Development, Inderscience Journals (jointly edited with Alun Epps and Cody
Morris Paris), 2016.
3.
Perspectives on
Maharashtra’s Economy (jointly edited with L.G.
Burange) Himalaya Publishing House,
Mumbai 2004.
4.
Economic Policies and the
Emerging Scenario: Challenges to Government and Industry, (jointly edited with L.G. Burange), Himalaya Publishing House, Mumbai,
2004.
5.
6.
Fifty Years of
Development Economics: From Planning to Liberalisation - Essays in Honour of
Professor P.R. Brahmananda (jointly edited with D.M. Nachane and A. Vasudevan),
Himalaya Publishing House, Bombay, 1999.
V. Working
Papers
1.
“Estimating Growth Regressions Using Panel Data”, Working
Paper No. WP/56/2007,
2.
“Macroeconometric Modelling for
an Oil Dependent Economy: An Instruments-Targets Approach”, jointly with Cedwyn
Fernandes, Working Paper Series, No. WP39/2006,
3.
“Developing Quantitative
Framework for Determining Devolution of funds from the State governments to
Local Bodies”, jointly with Abhay Pethe and Dilip Karmarkar, Working Paper 3, Vibhooti Shukla Unit in
Urban economics and Regional Development, Department of Economics, University
of Mumbai, 2003.
4.
“Assessment of Revenue and Expenditure
Patterns in Urban Local bodies of Maharashtra”, jointly with Abhay Pethe and
Dilip Karmarkar, Working Paper 5,
Vibhooti Shukla Unit in Urban Economics and Regional Development, Department of
Economics, University of Mumbai,
2003.
5.
“Devolution of Funds from State
Government to Local Bodies: A Quantitative Approach”, jointly with Abhay Pethe
and Dilip Karmarkar, Working Paper
UDE(CAS) 2(2)/2002, Department of Economics,
6.
“Is
7.
“Why Do Governments Lack
Political Will? An Explanation from the Transaction-Costs Perspective”, Discussion Paper No. 1/2000, Ambedkar Chair
in Political Economy, RBI Unit in Political Economy, Department of Economics,
8.
“Economic Reforms, Electoral Politics and Welfare”. Discussion Paper No. 2/99, Ambedkar Chair
in Political Economy, RBI Unit in Political Economy, Department of Economics,
University of Mumbai,, July, 1999.
9.
“Development Strategy Initiated during the Second
Plan: A Critical View”. Working Paper, Department of Economics,
10.
“Theories of State Intervention”. Working Paper, Department of Economics,
11.
“Energy - Economy Modelling: The Case of
VI.
Project Reports
1.
“INDIA: Urban Finance and
Governance Review”, (Volumes I and II), World
Bank, December, 2004, Report No. 32253 (Team Leader: Dana Weist).
2.
"Perspectives on Civic Finances: A Study
of the Brihanmumbai Municipal Corporation", Study carried out for
3.
“An
Approach To Designing Inter-Governmental Transfers” a study dealing with
“Evolving Criteria For Allocation Of Funds As Per The State Finance Commission
Recommendations From The State To Urban Local Bodies To Strengthen
Decentralisation Efforts By Urban Local Bodies” Final report submitted to United
Nations Development Programme (UNDP) and United Nations Centre for Human
Settlements (UNCHS/UN-HABITAT) in May 2002.
4.
“Developing a Quantitative Framework for determining
Devolution of Funds from the State Government to Local Bodies”, Final Report
submitted to Maharashtra State
Finance Commission Government of Maharashtra , September 2001.
5.
“Rationalisation of Property
Tax in Mumbai Municipal Corporation”. Final Report submitted to the
Brihanmumbai Municipal Corporation, April 2001.
6.
“Stock Markets in India
7.
“A Study on the Liquidity
Scenario in India
8.
“Forecasting Flower
prices: A Time Series Approach” Report submitted to Hindustan Lever Limited, January, 1995.
9.
“A Study on Income Growth and Consumption Patterns of
Select Commodities” Report submitted to Hindustan Lever Limited, January, 1995.
10.
“Study on the Import Regime of NICs and their Impact on
Import-Export Behaviour” Report submitted to the Tata Economic Consultancy Services, June, 1993.
11.
“A Micro-level Study of the Effects of the Partial
Convertibility of the Indian Rupee”. Department of Economics, University of Bombay (mimeo), June, 1992.
12.
“Futurological Study of the Indian Economy”. Project Report
on various aspects of the Indian Economy including a historical review,
submitted to the Tata Economic
Consultancy Services, January, 1991.
VII.
Conferences,
Seminars, Invited Lectures Etc.
1.
“D33: Dubai’s Ambitious Economic Agenda”, Seventh
International Conference on Emerging Research Paradigms in Business and Social
Science (ERPBSS), 13-15 May 2024 (with Cedwyn Fernandes)
2.
“Understanding Female Labour Force Participation and
Gender Earnings Gap”, Seventh International Conference on Emerging Research
Paradigms in Business and Social Science (ERPBSS), 13-15 May 2024
3.
“Nobel Prize Winners in Peace, and Economics”, Wednesday Research Seminar, Middlesex
University Dubai, 28 February 2024
4.
“Fiscal Space: Concept and Measurement”, 1st
Middlesex University Cross-Campus Conference on Economics And Finance,
10-11 January 2024
5.
“Impact of mergers on the Banking Sector in the UAE”, Sixth
International ERPBSS Conference, February 24-26, 2022 (with Mariam Aslam)
6.
“Profitability of Indian Banks: Examining the Impact
of Income Diversification” Sixth International ERPBSS Conference,
February 24-26, 2022 (with Sudipa Majumdar)
7.
“Psychological outcomes of objective and subjective
perceptions of division of labour in household work”, Sixth International
ERPBSS Conference, February 24-26, 2022 (with Anita Kashi and Lynda Hyland)
8.
“Incumbency Effects: An examination across
time-periods and regions of India”, 19th World Congress of the International
Economic Association. Virtual, Bali, Indonesia, 3-7 July 2021
9.
“Economics of Vaccination Policy”, Invited lecture at MDX Teachers Enrichment Session - DPS
Sharjah, July 6, 2021
10.
“Macroeconomic Situation in India”, Invited lecture at
Annual Symposium of the Departments of Economics & Business Economics, St. Andrews College, Mumbai, India, 27
March 2021
11.
“Nobel Prize in Economics, 2020
Auction Theory and Design”, Invited lecture, Sophia Nobel Oration, Sophia College, Mumbai, India, 27
February 2021
12.
“Growth in the Time of COVID-19
Are India’s problems just beginning?”, Invited lecture at Development Debate
Series Theme: Strategies for Equitable Development in Pandemic-impacted
India, Mumbai School of Economics Alumni
Association, University of Mumbai, 12 December 2020.
13.
“Investigating technology readiness of students and
faculty members for adoption of distance learning: a case-study from an
International Branch Campus in the UAE, Wednesday
Research Seminar, Middlesex University Dubai, March 25, 2020 (with Mohammad
Meraj and Pallavi Kishore)
14.
“Statistical Analysis of COVID-19 Data”, Wednesday
Research Seminar, Middlesex University Dubai, 8 April, 2020
15.
“A Tale of Two Cities: COVID Transmission in Mumbai
and London”, Wednesday Research Seminar,
Middlesex University Dubai, October 14, 2020
16.
“Issues
in Measuring Sustainable Development”, Keynote Speech at ICTIS, Middlesex University
Dubai, May 2019
17.
M.L. Dantwala Memorial Lectures at the Department of Economics, University
of Mumbai, January 2018.
18.
“De-industrialisation
and Fiscal Profligacy: Does the UAE suffer from the Dutch Diseaese?” (with
Cedwyn Fernandes) 2nd
Conference of the European Asian Economics, Finance and Accounting and Economic
Association, Beijing, September 7-11, 2010.
19.
“Estimating
Elasticity of Demand for Tourism in Dubai” (with Cedwyn Fernandes), 2nd Conference of the European
Asian Economics, Finance and Accounting and Economic Association, Beijing,
September 7-11, 2010.
20.
“Determinants of Foreign
Direct Investment in MENA Countries: An Empirical Analysis” (with Gwendolyn
Rodrigues and Asima Shirazi), First International Business Conference, August
7-9, 2008, Detroit Metro, USA.
21.
“Panel
Data Estimation of Growth Regressions: Does the Level Of Economic Development
Matter?” 5th International
Business Research Conference, University of Wollongong in Dubai, Dubai,
UAE, April 26-27, 2007.
22.
“Macro-Econometric Policy Modelling For An Oil
Dependent Economy: An Optimal Control Approach For The UAE Economy” (with
23.
“Macro-econometrics Modelling for an Oil-Dependent
Economy: An Instruments-Targets Approach for the UAE
Economy” (with Cedwyn Fernandes) Paper presented at the ERF 12th
Annual Conference, 19-21 December 2005, Cairo, Egypt.
24.
“Budget
2005-06: Not Quite a Dream Budget”, Talk delivered at Confederation of Indian Industries, Mumbai, March 9 2005
25.
“India’s
Economic Liberalisation: The Unfinished Liberal Agenda”, invited Lalit Doshi Memorial Lecture delivered at St.
Xavier’s College, Mumbai on 20 December, 2004.
26.
“Developing A
Quantitative Framework For Determining Devolution Of Funds From The State
Government To Local Bodies” Paper presented at the JNU/UNDP/UN-HABITAT Workshop On Local Governance, Jawaharlal Nehru
University, New Delhi, 11–12 April, 2002
27.
“Institutional and Political Determinants of
Investment: Evidence from Indian States Using Opinion Poll Data”, Paper
accepted at the 2002 Annual Meeting of
the European Public Choice Society to be held in Belgirate –Lago Maggior-
Italy from 18-21 April, 2002
28.
“Persistence of Inefficient Economic Policies: An
Explanation from a Transaction Cost Perspective”, Paper accepted at the 2001 Annual Meeting of the European Public
Choice Society, Paris, 18-21 April, 2001.
29.
“A Decade of Reforms in Maharashtra: Progress and
Prospects”, National Seminar on Reforms,
Institutions And Policies: Challenges Confronting The Indian Economy,
Department of Economics, University of Mumbai, March 22-24, 2001
30.
“Ready for Second Generation Reforms? An Evaluation
of Progress Made by Maharashtra” National Seminar on Economic Reforms and Employment in the Indian Economy, Institute of
Applied Manpower Research, New Delhi, March 22-23 2001.
31.
“Proposed Competition Policy:
Economic Issues”, Seminar on Competition
Policy: Will it Provide a Level Playing Field?, Bombay Chamber of Commerce and
Industry, Mumbai, January 6, 2001.
32.
“Economic Performance of Indian
States: Institutional and Political Determinants”(with Archana Samant and Nina
Asher), Paper presented at the 36th
Annual Conference of the Indian Econometric Society, 4th – 6th
February, 2000, Devi Ahilya University, Indore.
33.
“Efficiency in Indian Stock
Markets: Looking at the Indices” (with Abhay Pethe), Paper accepted at the Third Capital Markets Conference, 23rd
– 24th December, 1999, UTI Institute of Capital Markets, Navi
Mumbai.
34.
“Building Coalitions: Moving from Subsidies for
Interest Groups to Social Sector Spending”, Paper presented at Department of Economics, University of
Bombay and Office of the United Nations Co-ordinator in India, New Delhi
Symposium on Reforming India’s Social Sectors: Strategies and Prospects,
Bombay, April, 1998.
35.
“Political Economy of Public Expenditure on Primary
Health Care in India”, Paper presented at the School of Public Policy, Economics and Law, University at Ulster at
Jordanstown, N. Ireland, March 25, 1998.
36.
“Union Budget: 1997-98”, Department of Economics, University of Bombay, March, 1997.
37.
“Determinants of Foreign Direct Investment”, Paper
presented at the Department of
Economics, University of Bombay and British Council, Bombay Symposium on
EC-1992: Challenges for Indian Industry, March, 1996.
38.
“Indian Economic Reforms: An Assessment”, Paper
presented at the School of Public Policy, Economics and Law, University at Ulster at Jordanstown, N.
Ireland, December, 1995.
39.
“Interest Groups, Subsidies and Public Goods: The
Farm Lobby in Indian Agriculture”, Department
of Economics, University of Bombay (with Mala Lalvani), September, 1994.
40.
“Why Do Structural Adjustments Programmes Go Awry?
The Importance of a Political Economy Perspective”. Paper accepted at the 12th European Meeting on
Cybernetics and Systems Research 1994, Vienna, April, 1994.
41.
“Interest Groups, Government Size and Growth”. Paper
presented at the Workshop on Social Norms, Institutional Structures and
Development Policy, Indira Gandhi
Institute of Development Research, Bombay, February, 1994 (with Mala
Lalvani).
42.
Comments on D.M. Nachane’s paper “Determinism and
Causality in Economics” at the Seminar on Roots and Relevance of Philosophy of
Science, held at Indian Institute of
Technology, Bombay, March, 1993.
43.
“Investigating Linkages between Stock Markets using
Co-integration and Causality Testing Procedures”. Paper presented at the 1992 India and SE Asia Meeting of the
Econometric Society, Bombay, Dec. 19-22, 1992.
44.
“Changing Role of the Government in the Context of
the New Economic Policy”. Paper presented at the Indian Institute of Public Administration, Bombay, September, 1992.
45.
“Are Changes in Public Sector Prices
Destabilising?”. Paper accepted at the Eleventh
European Meeting on Cybernetics and Systems Research 1992 held in Vienna,
Austria in April, 1992.
46.
“The Indian Economic Situation: Issues and
Prospects”. Theme Paper written for the Seminar on Current Trends in Indian
Economic Policies and Management organised by the Department of Economics, University of Bombay and the Indian Economic
Association Trust for Research and Development, August 6, 1991.
47.
“Public Sector Prices and Budget Deficits”. Paper
presented at the 1991 Australasian
Meeting of the Econometric Society, Sydney, June 1991.
48.
“The Gulf War and the Indian Economy”. Paper
presented at the Seminar organised by the JDC
Bytco Institute of Management, Nashik, March, 1991.
49.
Comment on M.J.M.Rao’s paper “Optimal Control of
State-Space Models: Some Guideposts for Policy Formulation” at the
International Conference on Methods for Planning and Policy Analysis for Mixed
Economies held at the Indira Gandhi Institute for Development Research, Bombay,
January, 1989.
50.
“Economic Systems, Political Structure and Human
Rights”. Paper presented at the 26th.
Indian Econometric Conference, Bombay, January, 1989.
51.
“Estimating Government Popularity Functions for
India: A Progress Report”. Paper presented at the 26th. Indian Econometric Conference, Bombay, January,
1989.
52.
“Causality Between Money and Income: A Time-series
Analysis of the Indian Case”. Paper accepted at the Fourth IFAC (International Federation of Automatic Control) Conference
on Modelling National Economies, Washington D.C., July,
53.
“Energy Options for the Indian Railways: The Search
for an Optimal Energy Policy”. Paper accepted at the Second International Conference on Technology for Development,
Cairo, November 1981.
VIII.
Other Articles
1.
“UAE: The preferred destination for Foreign Direct
Investments”, Economic Insights, Souq Economics, Middlesex University Dubai,
2023 https://www.mdx.ac.ae/economic-insights/uae-the-preferred-destination-for-foreign-direct-investments
(with Pallavi Kishore)
2.
“Fiscal Stimulus: Impact on Deficits”, MEDC Monthly Economics Digest,
Maharashtra Economic Development Council, August 2009, Vol. XXXVIII, No. 10.
3.
“Capitalism: Dead Again?”, Freedom First, December 2008, No. 498.
4.
Book Review of Stuart Corbridge, Glyn Williams, Manoj
Srivastava and Réne Véron. Seeing the
State: Governance and Governmentality in
5.
Book Review of S.P. Ganguly, Control over Public Finance, Journal
of the Indian School of Political Economy, July-Sept 2006, Vol. 18, No. 3.
6.
Book Review of Amersh Bagchi
(ed) Readings in Public Finance, Economic and Political Weekly, December
17, 2005.
7.
“Bharat Sarkarche Rajkoshiye
Dhoran” (in Marathi) Samaj Prabhodan Patrika, July-December 2005
(With Neeraj Hatekar)
8.
“Budget 2005-06: Impressive
Grandstanding but Empty Coffers”,
Economic and Political Weekly, April 2-8, 2005.
9.
“Professor M.J. Manohar Rao:
A Look Back at His Work”, Journal of Quantitative Economics, New Series
Volume 2, No. 2, July 2004.
10.
Book Review of M. Govinda
Rao (ed.) Development, Poverty and Fiscal Policy: Decentralisation of
Institutions, Indian Journal of Agricultural Economics, Vol. 58, No.
4, October-December 2003.
11.
“Budget
2003-04: Ignoring Priorities”, Economic
and Political Weekly, March 22-28/April 4, 2003.
12.
“Mid-Term
Review 2002-03: How Useful Is it?”, Economic
and Political Weekly, January 11-17, 2003.
13.
“Direct
Tax Reform: Merit in Gradualist Approach”, Economic
and Political Weekly, December 14-20, 2002.
14.
“Slowdown of the Economy: Which
Way Out?”, Economic and Political Weekly,
October 20-26, 2001.
15.
“Government Finances:
Weaknesses Remain”, Economic and
Political Weekly, March 24-30, 2001
16.
“A Tale of Three States:
Comparison of the Public Finances of J&K,
17.
“Karl Polanyi’s The Great
Transformation: Taking Liberties with History” New Quest An Interdisciplinary Journal,
January-March, 2000.
18.
Book Review of Arun Kumar’s Black Economy in India, Journal Of the Indian School of Political
Economy, Oct-Dec 1999, Vol. 11, No. 4.
19.
“Budget 1998-99: Focusing on Wrong Issues”, Economic and Political Weekly, July
18-24/25-31, 1998.
20.
“Theories of State Intervention”. Journal of the
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Perspective of Devising an Appropriate Role of the State”. Economic and Political Weekly, May 31, 1997.
22.
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23.
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the New Economic Policy”. Journal of the
Indian Institute of Public Administration (Special Issue), 1992-93.
24.
“A Framework for Optimising Energy Consumption: A
Case Study of Indian Railways”. The
Indian Economic Journal, Vol.30, (with D.M. Nachane and others).
25.
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Railways: A Generalized Adaptive Filtering Approach”. The Indian Economic Journal, Vol.29, 1981 (with D.M. Nachane and
others).
26.
“Optimization in Transportation Systems: A Survey”. Journal of the
IX.
Newspaper Articles/Popular Articles/Extension Work
- “GCC
Countries: Emerging from the COVID-19 induced shocks”, Zawya.com, 2021, https://www.zawya.com/en/economy/gcc-countries-emerging-from-the-covid-19-induced-shocks-iheeup1g
- “Is Mandatory
Vaccination the Need of the Hour?”, Arabian Business, 2021, https://www.arabianbusiness.com/opinion/comment/466602-is-mandatory-vaccination-the-need-of-the-hour
3.
“Protectionism
and Statism, once again”, Ideas 4 India,
25 June 2020
4.
“Covid’s
Economic Toll on Maharashtra”, Business
Standard, 15 May 2020 (with Mala Lalvani)
5.
“Demonetisation
has hit employment hard”, Livemint,
16 November 2017.
6.
“Demonetisation:
A thunderbolt in search of a target”, Ideas 4 India, 23 December 2016
7.
“Banning
commercial surrogacy in India, Ideas 4 India”, 5 October 2016
8.
“Will
budget measures help curb farmer suicides?”, Livement, 14 April 2016
9.
“Budget
2006-07: First, Do No Harm…”. Economic Digest, Maharashtra Economic
Development Council, 29 March – 28 April, 2006.
10.
“Budget
2006-07: Treading Cautiously”, Analytique, (Quarterly Journal of the
Bombay Chamber Trust for Economic and Management Studies), January-March 2006.
11.
“India’s
Economic Liberalisation”, Freedom First, January-March, 2005.
12.
The
Liberal Budget 2006-07 - Right choices. Tough decisions (Member, Drafting
Group), Indian
Liberal Group, 2005
13.
The Liberal Budget - 2005-06 - The Way Forward (Member of Drafting
Group), Indian
Liberal Group, 2005
14.
The
Liberal Budget - Building an Equitable Society: 2004-05, (Member of Drafting
Committee), Indian
Liberal Group, 2004.
15.
“Who
Really Benefits from Food Subsidies?”, Financial
Express, Friday, 31 March, 2000.
16.
“Budget
2000-01: The Leviathan Cometh?”, Financial
Express, Tuesday, 14 March, 2000.
17.
“Controlling
fiscal imbalances - Is the bureaucracy up to it?”, Financial Express, Sunday,
February 13, 2000
18.
“Availability
tariff for power producers - Is it the ultimate answer?” Financial Express, Thursday,
February 10, 2000 (jointly with M.R. Bhat).
19.
“Issues before Eleventh Finance Commission”, Financial Express, Tuesday, February 1, 2000
20.
“Institutional
structure holds the key to economic development”, Financial Express,
Tuesday, January 18, 2000.
21.
“Need
to cut functions of local governments”, Financial
Express, Monday, January 3, 2000
22.
“Pursuit
of inefficient policies will derail liberalisation process”, Financial Express, Tuesday, December 14,
1999
23.
“Role of government needs to be re-defined”, Financial Express, Tuesday, November 23, 1999
24.
“Public interest and elusive political will”, Financial Express, Monday, November 8, 1999
25.
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26.
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Paper on Subsidies: Vexing Aspects of Targeting”. Business Line, September 2, 1997.
27.
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Budget Deficits: Dire Need for Political Will”. The Economic Times, August 8, 1991.
28.
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Scene on the Indian Railways”. The
Economic Times, October 1990.
29.
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of The Theory of Taxation for Developing Countries edited by D.
Newberry and N. Stern, The Economic
Times, August 13, 1989.
X. Blog articles (INDIAN ECONOMICS &
POLITICS: ajitkarnik.blogspot.ae)
1.
CLICKBAIT RESEARCH: A Critique of The EAC-PM Paper On Religious
Minorities: 22/5/2024
2.
Freebies, Revdis and Merit Goods: 24/8/2022
3.
Inflation in India: 10/8/2022
4.
The 2012 and 2017 Elections in Uttar Pradesh: 7/8/2021
5.
Protectionism and Import-substitution Redux: 15/6/2020
6.
Loss to Maharashtra’s Economy due to COVID Lockdown: 26/5/2020
7.
Six Weeks of Lockdown in India: Has COVID-19 been Tamed: 5/5/2020
8.
Supply-side Solutions to Demand-side Problems: 26/9/2019
9.
2019: Will Perceptions about the Economy Matter?: 3/4/2019
10.
Karnataka: A Description in a Few Charts: 5/5/2018
11.
Demonetisation And Employment: 21/10/2017
12.
What is Agitating the Farmers?: 23/6/2017
13.
Demonetisation: A Thunderbolt in Search of a Target: 10/12/2016
14.
Ban or Regulate? Commercial
Surrogacy in India: 06/09/2016
15.
Two Years of NDA Rule: ‘Jumla’,
Faux Nationalism And Aggressive Hindutva: 06/06/2016
16.
Budget 2016-17: Grandiloquent
But Lacking In Substance: 22/03/2016
17.
State of the Indian Economy:
2015-16: 26/02/2016
18.
One More Puppy Under the Car: 22/10/2015
19.
Bihar Elections: Jungle Raj and All That: 23/09/2015
20.
India’s Growth Performance and Prospect: Significant Weaknesses
Still Present:11/7/2015
21.
Net Neutrality: Some Economic Issues: 23/04/2015
22.
Budget 2015-16: An Evaluation: 7/3/2015
23.
Delhi Elections: A Rap on the Knuckles for the BJP: 13/02/2015
24.
The Art Of Scoring Own Goals: 22/01/2015
25.
Seeking
Parliamentary Cooperation from the Opposition: 25/11/2014
26.
The
Political-Economy of Black Money in India: 5/11/2014
27.
Show
Me the (Black) Money: 18/10/2014
28.
Mr.
Modi Goes to Washington: 1/10/2014
29.
READING
THE TEA LEAVES: Recent Bye-elections in India: 21/09/2014
30.
Ferguson,
Missouri (USA): A Cautionary Tale for India: 26/08/2014
31.
Did
the NDA Government Inherit “Empty Coffers”?: 24/07/2014
32.
Monsoon
Failure: A major challenge to the Government of India: 5/7/2014
33.
Homeless:
A Short Story: 30/06/2014
34.
Did
the UPA Destroy the Economy? A Counterfactual Exercise: 20/06/2014
35.
Violence
against Women: 10/6/2014
36.
Undermining
the Bureaucracy: 2/6/2014
37.
Of
Hawks and Doves: 27/05/2014
38.
The
elections are over. Now comes the hard part…: 18/05/2014
39.
So,
Will 272+ Lotuses Bloom?: 13/05/2014
40.
State
of the Economy facing the New Government after 2014 Elections: 11/5/2014
41.
Indian
Election Commission under attack: 9/5/2014
42.
So,
what kind of candidate did you vote for?: 7/5/2014
43.
Anti-incumbency
in Indian Elections: 5/5/2014
44.
The
economics in BJP's Manifesto: 5/5/2014
45.
FII
Inflows: 4/5/2014
