Persistent and Emerging Challenges to Development

This book covers a wide range oftheissues in development studies. Recognizing theexistence ofmanifold challenges in achieving and sustaining economic development, it is divided intofour sections-(i) The Macroeconomy: Foreign Trade, Structural Transition and the Environment, (ii) Health and Standard of Living, (iii) Education, Human Capital and Evolution of the Employment Quality in India, and (iv) Banking and Credit: Access, Efficiency and Stability. Thebook brings together a right mix ofsenior and young economists who use cutting edge econometric techniques and/ or revisit a perennial question withmuch sharper focus and tools tounravel insights that are important and will inform tomorrow's theorisation and policy making. Thevolume looks atimportant questions likespatial concentration oflow infant and child health outcomes, trade liberalisation and export quality, intergenerational occupational mobility, multidimensional poverty incidence in rural India, robustness ofthebanking sector, toname a few. To do so, thecontributions use novel and esoteric methods likemachine learning, spatial econometrics, system GMM, quintile regression and counterfactual decomposition (QRCD), and so on. Therich collection holds importance forresearchers and policy makers alike, and also forpractitioners working in different developmental sectors..