Indira Gandhi Institute of Development Research

About: Indira Gandhi Institute of Development Research is a facility organization based out in Mumbai, Maharashtra, India. It is known for research contribution in the topics: Monetary policy & Inflation. The organization has 307 authors who have published 1021 publications receiving 18848 citations.

Barriers to the adoption of efficient electricity technologies: a case study of India

Abstract: This paper presents the results of the study on the barriers to the implementation of various electricity efficient technologies. To identify the barriers, field surveys were conducted in the residential, industrial and commercial sectors and professionals in India. The results indicate that lack of awareness, high initial cost, uncertainty of savings and non-availability were some of the major barriers. The barriers were then ranked according to their relative importance in the residential, industrial and commercial sectors. © 1998 John Wiley & Sons, Ltd.

An SVAR Approach to Evaluation of Monetary Policy in India: Solution to the Exchange Rate Puzzles in an Open Economy

Abstract: Following the exchange-rate paper by Kim and Roubini (J Monet Econ 45(3):561–586, 2000), we revisit the questions on monetary policy, exchange rate delayed overshooting, the inflationary puzzle, and the weak monetary transmission mechanism; but we do so for the open Indian economy. We further incorporate a superior monetary measure, the aggregation-theoretic Divisia monetary aggregate. Our paper confirms the efficacy of the Kim and Roubini (J Monet Econ 45(3):561–586, 2000) contemporaneous restriction, customized for the Indian economy, especially when compared with recursive structure, which is damaged by the price puzzle and the exchange rate puzzle. The importance of incorporating correctly measured money into the exchange rate model is illustrated, when we compare models with no-money, simple-sum monetary measures, and Divisia monetary measures. Our results are confirmed in terms of impulse response, variance decomposition analysis, and out-of-sample forecasting. In addition, we do a flip-flop variance decomposition analysis, finding two important phenomena in the Indian economy: (i) the existence of a weak link between the nominal-policy variable and real-economic activity, and (ii) the use of inflation-targeting as a primary goal of the Indian monetary authority. These two main results are robust, holding across different time period, dissimilar monetary aggregates, and diverse exogenous model designs.

Productivity, technical and allocative efficiency and farm size in wheat farming in India: a DEA approach

Abstract: Data Envelopment Analysis (DEA) is used to estimate allocative and technical inefficiency in the cultivation of wheat on 300 farms in the Indian Punjab for the periods 1981–82 and 1982–83. These measures of efficiency as well as farm yield are related to farm size. The paper appears to be the first to measure technical and allocative efficiency in agriculture jointly. It is discovered that, on the whole, large farms are technically and allocatively more efficient than small farms for both years. At the disaggregated level a broadly similar result obtains. Policy implications, particularly for land reforms, are discussed.

Mixed Duopoly and Environment

Abstract: We show under general demand and cost conditions that in a mixed duopoly with pollution the government can implement the socially optimal outputs and abatements by a tax-subsidy scheme and keeping the public firm fully public. The scheme requires taxing outputs and subsidizing abatements at different rates, unlike a pollution tax. Our result improves on the shortcoming of a pollution tax to implement the social optimum. We also show that when the private firm is partly foreign-owned, the government will adopt some privatization and will not implement the social optimum, though the social optimum is implementable.