Conference on Economic Theory and Policy

Conference on Economic Theory and Policy held at CDS 22nd and 23rd February 2018.

A two day conference on Economic Theory and Policy was held at CDS on the 22nd and 23rd of February 2018 with funding from the RBI Chair.

Fourteen papers were presented, 8 by scholars from outside CDS and 6 by scholars from CDS. Among the CDS presenters was a second year MA student and a Ph.D. student who is currently an intern in Belgium.

The conference included a number of theoretical papers as also papers dealing with policy issues some particularly relevant for India. Two of the papers dealt with the implications of spillovers on the R&D strategy of firms under different market structures. One paper dealt with whether just because growth is likely to reduce poverty justifies ignoring the nature of growth. Another dealt with the dichotomy between general equilibrium theory where money plays no role and the high rewards that financiers get. What is their product?  Another paper dealt with the choice that members of a preferential trading arrangement face as to whether to broaden or deepen their relationship. The paper presented by the M.A. student analysed the East Asian crisis of 1997 and compared it to the currency crises and sought to answer the question as to which crisis model best explained their experience. Another paper dealt with the question of the effect of trade unions on the environment and also on the growth of an economy.

The papers dealing with the Indian economy covered a wide gamut of issues ranging from factors that influence a farmer’s decision to access better technology to a business cycle model to examine the efficacy of monetary policy in India and the channels through which monetary policy acts.  Other papers dealt with the factors that explain entrepreneurship in tribal societies and the extent to which policy has been able to effect this behaviour to the affect of political factors in affecting the performance of state level public sector enterprises. Two of the papers dealt with broader social themes. One analysed experiments in Haryana schools to change perceptions about gender roles among adolescents and the other the influence of the electoral cycle on crime. A final paper examined the effect of migration and remittances on the Kerala economy using a Dutch disease model.

Programme Schedule