Detailed info...


• 2019

Pages: 458

ISBN: 9789332704831


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Essays on the Econometrics of Inflation, Consumption and Welfare

R. Radhakrishna

Praise for this book

Outstanding scholars are typically of two types. Some choose the area of scholarship and master it in all its completeness. Others follow a wider class of issues and master all that is important about them. However, Prof. Radhakrishna has chosen to pursue an even harder intellectual strategy that is what makes him incomparably distinct. He chooses to get deeper into problems that face society in all their aspects and follows these till a meaningful solution is found. It is clearly a hard but meaningful pursuit, as we have known for decades about his works. It is these works that are brought together in this unique volume.
—Prof. V.N. Pandit, Vice-Chancellor, Satya Sai Institute of Higher Education, Ananthapur, India.


These are difficult times to be an econometric modeler devoted to identifying key relationships for policy analysis. In an era where quantitatively-driven analytical insights into the linkages among such policy-relevant variables as food prices, income distribution, and nutrient intake seem to take a back seat to loud populists, who miss academic elites as “out of touch” with the common folk, Prof. Radhakrishna provides in this volume, chapter after chapter, precisely these very insights and also uses them to identify clear and helpful policy initiatives that can significantly improve the welfare of vast strata of the Indian population. This volume renews my confidence that food policy analysis is a powerful tool indeed.
Prof. C. Peter Timmer, Cabot Professor of Development Studies, Harvard University, Cambridge, MA., USA.


As this volume largely illustrates, Professor R. Radhakrishna’s monumental work in economics is as unique as it is astonishing and inspiring in many ways: (1) a central and constant concern: poverty and inequalities in India; (2) the rigorous use and development of various microeconomic and macroeconomic analysis tools; (3) a theoretical thought never dissociated from empirical data, even at a time when these were less accessible than today; (4) a desire to inform and guide public policies, as he succeeded to the extent possible; (5) a disconcerting modesty and humility: it was time for this book to be published to inform and strengthen works on inequality and income redistribution in the 21st century!
Dr. Bruno Dorin, Senior Economist at CIRAD (Montpellier, France), CIRED (Paris, France) and CSH (New Delhi, India).


Economy-wide and sector-wide modelling have been a key source of evidence-based policy-making in India. Prof. Radhakrishna is one of the pioneers in this area of research with several seminal contributions. The chapters in this volume bring out the methodological and empirical approaches to sector-wide modelling as they are applied to macro-economic policies. The volume should be a must-read for the professionals dealing with economic modelling in the developing economies around the world.
—Dr. Suresh Babu, Senior Research Fellow, International Food Policy Research Institute, Washington, DC., USA.

About the Author(s) / Editor(s)

About the Author
Prof. R. Radhakrishna is recognized as one of the most influential applied economists of India. Known both nationally and internationally for his immense contributions to literature and policy in the areas of development economics, welfare analysis, and applied econometrics, Prof. Radhakrishna is a prolific researcher, respected teacher, able academic administrator, and notable institution builder. He led a number of institutions in their formative years, including the Department of Economics of the Central University of Hyderabad and Centre for Economic and Social Studies, Hyderabad, and Indira Gandhi Institute of Development Research, Mumbai. He has also held many distinguished positions, such as the Chairman, National Statistical Commission; Member Secretary, ICSSR; and Vice Chancellor, Andhra University; among others. Over the years, he has also been bestowed with several academic and public awards.

Editorial Team:
K.N. Murty is a former Professor at the Central University of Hyderabad, Hyderabad.

S. Galab is Director of Centre for Economic and Social Studies (CESS), Hyderabad.

Ram Kumar Mishra is Director of Institute of Public Enterprises, Hyderabad.

K. Hanumantha Rao is a Consultant at CESS, Hyderabad.

S. Indrakant is RBI Chair Professor at Council for Social Development, Hyderabad.

Contents in detail: