AbstractA key parameter in the analysis of wage inequality is the elasticity of substitution between skilled and unskilled labor. We show that the empirical literature is consistent with both publication and attenuation bias in the estimated inverse el…
AbstractThis paper studies quality upgrading to escape competition from low-wage countries and proposes a new channel that does not rely on access to new inputs or markets. Informed by Peruvian apparel firms’ response to China’s WTO accession, I introd…
AbstractWe document two stylized facts in expectational survey data. First, professional forecasters overrevise their macroeconomic expectations. Second, such overrevisions mask evidence of both over- and underreactions to public signals. We show that …
AbstractThis paper examines the individual and aggregate costs of ethnic discrimination. Studying Germans in the United States during World War I, an event that abruptly downgraded their previously high social standing, we show that anti-German sentime…
The Indian Economic Journal, Ahead of Print. We estimate state-level fiscal multipliers for Indian states using a panel data set of 17 non-special and 10 special category states covering the period 2001–02 to 2016–17. The impacts of shocks to states’ o…
The Indian Economic Journal, Ahead of Print. As against using chemical fertilisers and associated inputs, Indian farmers have been adopting various agroecological practices under Zero-budget Natural Farming (ZBNF) programme, which are locally sourced a…
The Indian Economic Journal, Ahead of Print. In this study, we revisit the tourism-led economic growth hypothesis for Tonga using the Fourier autoregressive distributed lag (FARDL) and Fourier Toda–Yamamoto (TY) causality test, using quarterly data ove…
The Indian Economic Journal, Ahead of Print. In this study, we revisit the tourism-led economic growth hypothesis for Tonga using the Fourier autoregressive distributed lag (FARDL) and Fourier Toda–Yamamoto (TY) causality test, using quarterly data ove…
The Indian Economic Journal, Ahead of Print. This article examines the foreign direct investment (FDI)-growth nexus by controlling for the level of financial development in a panel of six individual states of India from 2001 to 2018. By using pooled me…
The Indian Economic Journal, Ahead of Print. This article examines the foreign direct investment (FDI)-growth nexus by controlling for the level of financial development in a panel of six individual states of India from 2001 to 2018. By using pooled me…