Public Economics; Public Finance; Emerging Markets Finance; Institutions and Political Economy.
UGPN grant (US$20000) 1st August 2016-31 July 2017: Whither youth crime? Impact assessment of the recent public policy interventions in Brazil - Principal Applicant
ESRC small grant RES-000-22-0200 (£43804.00), October 2003- September 2005: ‘CORPORATE CAPITAL STRUCTURE IN EAST ASIA BEFORE AND AFTER THE CRISIS’- Principal applicant.
ESRC standard grant RES-062-23-0986 (April 2008- March 2010): "FDI, Ownership and Corporate Governance in Europe" (joint with Nigel Driffield, Aston and Tomasz Mickiewicz, UCL)
Leverhulme Research Fellowship: September 2008-August 2009. "Rise of Private Schools and Universal Education"
ESRC small grant RES-000-22-0200, October 2003- September 2005: "Corporate Capital Structure in East Asia Before and After the Crisis"
Brunel SSS research grant June 2010: 'Multiculturalism, Minority Representation and Public Policy: Evidence from Local Governments in the UK' (joint with Justin Fisher (Politics) & Sugata Ghosh (E&F))
MSc Quantitative Method (MANM280)
Research Fellow, IZA, University of Bonn, Germany;
External research affiliate, CSAE, University of Oxford
Member American Economic Association
Member Royal Economic Society
I organised ESRC funded (grant RES-000-22-0200) workshop on "Corporate Governance, Corporate Restructuring and Corporate Finance in Transition Economies" on 9-10 September 2005, Brunel University.
I organised Leverhulme Trust funded symposium on "School Privatisation and Universal Education in Asia" for the Oxford Conference on Education and Development, September 2009.
I organised ESRC funded special session on Globalisation and FDI at the Royal Economic Society Annual Conference March 2010.
I organised a symyposium on Institutions and Globalisation for the Association of the the Comparative Economic Studies as part of the ASSA meeting in Chicago, January 2012.
I organised the Surrey-IFABS 2016 conference on 'Firm Value Maximisation and Corporate Social Responsibility: Implications for Corporate Finance and Corporate Governance' on 15-16 September 2016
I organised the Surrey-UGPN conference on 'Youth Crime and Public Policy' between 6-7 July 2017
* My research on Private schools in developing countries funded by the Leverhulme Research Fellowship 2008-09 has received a lot of attention since the publication of the DFID Rigorous Review and a follow-up article on the Guardian 16 March 2015. You can find some academic discourse in this respect on the following link:
* 'Whither female disadvantage? An analysis of private school enrolment in India' October 2016 (forthcoming) Ideas for India Column, International Growth Centre LSE & Oxford.
Ideas for India Perspective December 1 2016
Business Standard December 1 2016
Dear PM Modi, Save Informal Sector from a Post Note Ban Recession (jointly with Kaushik Bhattacharya, Siddhartha Mitra and Bibhas Saha)
The Quint, February 10 2017
Reviving the informal sector from the throes of demonetisation (jointly with Kaushik Bhattacharya, Siddhartha Mitra and Bibhas Saha)
Ideas for India Perspective 13 February 2017
Land acquisition and corporate investment: Legacy of historical land ceiling legislations? (jointly with Tiago Pinheiro and Zoya Saher)
Ideas for India Column April 23 2017
Why land ceilings hurt corporate investment? (jointly with Tiago Pinheiro and Zoya Saher)
Business Standard April 23 2017
India’s Cashless Society
Participation in BBC World Service programme
The Quint 28 November 2017
Find me on campus Room: 10 MS 02
Autumn term: Thursday (10-11 am) and Friday (10-11am)
Tel. 01483 686354
Office 10 MS 02
Using data from the Indonesian Family Life Surveys, we study the impact of fiscal decentralisation in Indonesia on local public spending across communities characterised by different types of informal and formal institutions. Our results provide new evidence that fiscal decentralisation led to a significant increase in community spending on social infrastructure (health and education) in communities which observed strict adherence to customary laws and had a tradition of local democracy. We argue that investment in transport and communication facilitates exchange with outsiders and improves the outside options of community members, thus making it more difficult to sustain intra-community cooperation. Consequently, communities which enjoy a high level of cooperation in collective activities benefit less from investing in transport and communication and are more inclined to invest in social infrastructure.
Women make up one-half of the world’s population, though two-thirds of the world’s non-literate adults are women, which highlight the pervasive denial of the basic human right to education experienced by women across the globe. While there is a sizeable literature on gender discrimination in girls’ schooling, we know very little about girls’ access to private schooling, despite its rapid growth around the world in recent years. Using two nationally representative datasets from household surveys conducted in India in 2005 and 2012, our paper aims to bridge this gap by examining the role of gender in private school choice. We argue that the gender of the child is potentially endogenous in India because parents continue to have children until they have a son. To redress this potential endogeneity, we exploit the variation in private school choice among 7-18 year olds born to the same parents within the same household in an attempt to minimize both child-invariant and child-varying household-level omitted variable bias. We then explore the nature of female (dis)advantage across different types of households, communities and years with a view to assess the role of parental preferences in this respect and its change, if any. The analysis thus allows us to provide new evidence for the causal effect of gender on private school choice in India. Significant female disadvantage exists in both survey years, though the size of this disadvantage varies across sub-samples and years. Female disadvantage is significantly higher among younger (relative to eldest) girls and also in northern and northwestern (relative to western) regions, but it is lower among girls from poor (relative to rich) households, Christian (relative to Hindu high caste) households, and those with more educated mothers. Our results are robust, irrespective of whether or not we restrict the sample to those born to a household head. We infer that the observed within-household variations in female disadvantage across subsamples reflect variations in non-altruistic parental preferences linked to deeply held cultural norms (for example, sons acting as old-age security and the exogamy of girls), access to schools and other public goods, and also job opportunities and returns to schooling for girls, thus posing considerable challenges in the attempt to secure ‘education for all.’
New medical inventions for saving young lives are not enough if these do not reach the children and the mother. The present paper provides new evidence that institutional delivery can significantly lower child mortality risks, because it ensures effective and timely access to modern diagnostics and medical treatments to save lives. We exploit the exogenous variation in community’s access to local health facilities (both traditional and modern) before and after the completion of the ‘Women’s Health Project’ in 2005 (that enhanced emergency obstetric care in women friendly environment) to identify the causal effect of hospital delivery on various mortality rates among children. Our best estimates come from the parents fixed effects models that help limiting any parents-level omitted variable estimation bias. Using 2007 Bangladesh Demographic Health Survey data from about 6000 children born during 2002-2007, we show that, ceteris paribus, access to family welfare clinic particularly boosted hospital delivery likelihood, which in turn lowered neo-natal, early and infant mortality rates, especially among adolescent mothers after the completion of Women’s Health Project in 2005; infant mortality for this cohort was more than halved if delivery took place in a health facility. Our analysis thus highlights the potential benefits of institutional delivery in women friendly environment that may save lives of newborn children, especially among young adolescent mothers.
This article examines the impact of ownership structures of emerging market firms, which are shaped by local institutions, on the decision of these firms to undertake outward FDI. Our results suggest that family firms and firms with concentrated ownerships, both ubiquitous in emerging markets, are less likely to invest overseas, and that strategic equity holding by foreign investors facilitates outward FDI. We conclude that organisational forms such as family firms, that are optimal outcomes of institutions prevailing in emerging markets, may be sub-optimal in a changing business environment in which outward FDI is necessary for access to resources and markets.
This paper examines the determinants of gender differences in educational attainment using data for all university graduates. We find that, although women students perform better on average than their male counterparts, they are significantly less likely to obtain a first class degree. There is no evidence that this is because of differences in the types of subject male and female students study or in the institutions they attend, nor does it reflect differences in personal attributes, such as academic ability. Rather, it is differences in the way these factors affect academic achievement that give rise to gender differences in performance.
The paper examines both theoretically and empirically the factors determining the demand for regular labour in seasonal agriculture. In an implicit contract framework it is argued that there are ‘hoarding costs’ of regular labour in the slack period when there is not much work to be done. Consequently, the number of regular labour employed is constrained by the hoarding cost where larger employment-intensive farms tend to hire more regular labour. Evidence from the ICRISAT villages in India, too, show that though the marginal costs of regular labour are zero, there are significant hoarding costs of regular labour among small farms so that larger farmers are the major demanders of regular labour. Estimates of the double-hurdle model jointly determining the probability of hiring regular labour and demand for regular labour-hours (if a regular labour is hired) are shown to be an improvement over univariate tobit estimates of the demand for regular labour-hours only.
Evidence obtained from the ICRISAT villages in India suggests that the decline of regular contracts has been accompanied by the growth in real wages and casualisation of the rural labour force. In view of this evidence, the article examines the causes of the declining incidence of regular contracts in rural India. We argue that this has been caused by the leftward shift in the regular labour supply curve due to improved employment and credit opportunities and not an upward movement of the labour demand curve as manifested by the increase in real wages over the years.
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Last Modified: Friday 26 January 2018 11:19:23 by lo0007
Expiry Date: Thursday 11 April 2013 16:26:41
Assembly date: Sat Feb 24 00:19:43 GMT 2018
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