Below are the research projects that I have undertaken yet, and the ones I am working on.
Link to the Blog - https://divyrangan.medium.com/
Published by NIPFP Publications, 2021.
Published in Springer Nature Singapore
India’s Contemporary Macroeconomic Themes, Chapter 18 (Edited by D. K. Srivastava, and Dr. K. R. Shanmugam)
To be Published in Oxford University Press (Accepted)
Fiscal Policy and Public Financial Management, Chapter. (Edited by Dr. K. R. Shanmugam, and Dr. Pinaki Chakraborty) (expected in late-2024)
The empirical evidence of flypaper effects in the ecological fiscal spending in India is examined. Using the panel data models, it is analysed whether the intergovernmental fiscal transfers, or the states’ own income, determine the expenditure commitments on ecology at the state level. The econometric results show that the intergovernmental fiscal transfers rather than the states’ own income determine ecological expenditure at subnational levels in India. The results hold when the models are controlled for ecological outcomes and demographic variables.
Working Paper: NIPFP, Levy Institute (Full-version)
As part of the COVID-19 economic stimulus package, the Government of India increased the borrowing limit of the states from 3% to 5% of the gross state domestic product. The power sector reform at the state level is one of the criteria to avail this extra borrowing. The efficiency parameters of the power sector are analysed here, and it is observed that there are statewise differentials in the financial and operational parameters. The average aggregate technical and commercial losses that should have been 15% by 2018–19, presently, on average, stand at 26.15%. The average cost of supply–average revenue realised has also widened. The operational parameters indicate widening inefficiencies across states in the power infrastructure.
Working Paper: NIPFP (Full-version)
We analysed the macroeconomic policy responses to COVID-19 pandemic and the impact of the pandemic on economic growth, and the level of consumption. The covid 19 crisis is a dual crisis - public health crisis and a macroeconomic crisis. The policy responses to this crisis have been a ‘life versus livelihood’ sequencing and the findings are such that global cooperation, and domestic macroeconomic policies complementing with exit strategy to solve the economic disruptions in supply chains can be helpful.
Working Paper: NIPFP
There is inadequate formal housing stock at affordable prices to accommodate the surging population of Delhi. According to the projections, Delhi needs 24 lakh new housing units by the year 2021. Of these, 54per cent are required for the Economically Weaker Section (EWS) and Low Income Group (LIG). When the migration flow confronts the lack of developed and planned settlements at affordable prices, it results in formation of unplanned and informal settlements in the city. Unauthorised colonies (UAC) is one form of such informal housing which has been growing at an unprecedented rate, hence becoming a reflection of ineffective urban planning in the city. As an area that needs attention to ensure sustainable housing in the city, this paper attempts to flag the economic implications of such an informality in order to shift the attention of policy makers in this direction. In addition to this, this paper delves into the institutional aspect of unauthorised colonies to understand the depth of the problem. The paper reports the results from a pilot survey of five selected colonies to bring out significant insights with regard to certain socio-economic factors. Although the survey was conducted well before the recent ‘National Capital Territory of Delhi (Recognition of Property Rights of Residents in Unauthorised Colonies) Act, 2019’ that was passed in Parliament to confer ownership rights to Delhi’s UAC residents, this paper discusses the potential impact of this bill and the gaps that prevail in its structure.
Working Paper: NIPFP
Working Paper: NIPFP
Released on February 27, 2020
Effects of Political Regimes on Economic Growth : A Review
(Re)Assessing the relationship between Industrial Productivity and GDP (using Granger Causality)
Effects of Male Born Child on the usage of Clean Fuel in Rural India with Sanskriti Bahl
Published on August 14, 2021 in Economic and Political Weekly(Vol. 56, Issue No. 33)
Working Paper: NIPFP
Published on February 27, 2021 in Economic and Political Weekly(Vol. 56, Issue No. 9)
Published on February 29, 2020 in Economic and Political Weekly(Vol. 55, Issue No. 9)
Working Paper: RePEc
Working Paper: Levy Economics Institute