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Posts by Pavel Chakraborty

R&D tax credit policy, product development, and welfare gains

Over the past two decades or so, India has had a targeted R&D tax credit policy to incentivise innovation within firms in strategic sectors. This article shows that small and medium firms responded to...

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New banks, credit, and misallocation

In the late 1990s, India opened its banking sector to new private banks – both domestic and foreign. This article shows that this resulted in greater flow of credit – but only for big firms. Highe...

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Intellectual property rights and wage inequality

Technology has become central to most everyday activities. But will incentives for technological change – such as those induced by Covid-19 – cause deeper distortions in the global economy, especi...

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Import competition, formalisation, and role of contract workers

Given the recent expansion in the participation of developing countries in global trade, it is important to understand the role of trade in the composition of employment in these countries. Analysing ...

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