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IGIDR Seminar: “Ignoring The Left Tail” by Dr. Kaushalendra Kishore (CAFRAL)
Abstract:- This article studies a principal-agent problem with flexible information acquisition. The agent has to choose between investing in an innovative asset about which costly information can be acquired or in a conventional asset about which there is enough historical data and no information is acquired. In the first-best problem, the principal acquires information about the entire distribution of cash flow from the innovative asset. Contrarily, in the second-best problem, less information is acquired about the left tail of the…
Event DetailsIGIDR Seminar: “What explains surges in foreign direct investment inflows in developing countries?” by Dr. Jagadish Prasad Sahu ( Indian Institute of Management Kashipur )
Abstract:- We identify the timings of exceptionally large inflows of foreign direct investment (FDI) which we call ‘FDI surges’ and examine the likelihood of these surge occurrences in a sample of 56 developing countries for the period 1990–2019. We employ two threshold criteria to identify the surge-years for each country. While the first approach identifies 298 surge occurrences the second approach provides 247 surge instances. Though most of the countries have experienced FDI surges during the sample period, the surge…
Event DetailsIGIDR Seminar: ” What levels of development can humanity sustainably aspire to? “
Abstract:- What levels of development can the Global South sustainably aspire to? We argue that positioning Nordic countries as the leaders of “sustainable development”, as is often done, poses a serious dilemma: international adoption of their lifestyles risks severely breaching planetary biophysical limits, while non-adoption risks perpetuating developmental inequality. We introduce a revised conceptual framework for “sustainable development” emphasising scalability as a pivotal facet. Our results highlight Panama, Costa Rica, and Sri Lanka as having achieved high levels of social…
Event DetailsIGIDR Seminar: ” Demonetization and Child Health: Evidence from India “
Abstract:- This paper analyzes the impact of the 2016 Indian demonetization episode on infant mortality. The demonetization policy rendered approximately 86% of the circulating Indian currency invalid as legal tender, resulting in substantial shortages of cash in the following months. Old notes could be exchanged for new ones from banks. Thus, the effects of demonetization are expected to be more pronounced for districts with lower bank access. In order to identify the health effects of demonetization, we use a previous…
Event DetailsIGIDR Seminar: “How much Debt is Optimal for the Major Indian States? Economic Growth vs. Debt Sustainability ” by Dr. Rudrani Bhattacharya ( NIPFP Delhi )
Abstract:- The Indian Government adopted a dual strategy of large welfare schemes, along with high capex in hard and soft infrastructure to exit from the pandemic led turmoil and set the economic growth momentum to a steady revival path. As a part of the capex based macroeconomic policies, budgets 2023-24 and 2024-25 provided the states 50 years interest free loans on account of capital expenditure to revive and boost their long run growth rates. The FRBM Act 2003, amended vide…
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